28 C 
In South Carolina, volunteers are collecting discarded oyster shells and returning them to coastal waters for habitat restoration. The SCORE program has seen significant community involvement, with over 25,000 volunteers participating in oyster reef projects. Recycled shells create environments where marine life can thrive and support local ecosystems. The restoration began to reveal positive changes just a few years after implementation.
Delhi govt plans 5-acre 'world-class' Chhath ghat at ITO featuring sculptures, fountains and a plaza
The Delhi government is set to develop a 5-acre Chhath ghat along the Yamuna near ITO. This project aims to create an aesthetically appealing and environmentally sustainable site for Chhath puja. It will include various artistic features, landscaping, and amenities for public comfort. A consultant will prepare a detailed report and plans for construction based on the public works department's guidelines.
'Sandpapergate' only part of the story behind reverse swing's decline
Reverse swing is a crucial skill for fast bowlers, but its prevalence is declining in test cricket. Factors contributing to this decline include the impact of the 2018 Sandpapergate scandal and changes in match conditions. Some players are now hesitant to work on the ball due to fear of repercussions. Additionally, the rise of wobble-seam bowling has reduced the focus on reverse swing techniques.
China rules out hosting 2028 UN climate talks: Report
China has ruled out hosting the UN climate talks in 2028 after considering the option for months. Another Asian-Pacific nation may now have the opportunity to host COP33 due to this decision. Earlier, India had withdrawed from hosting this event, while South Korea has expressed interest. The upcoming climate talks will assess global progress on climate action and evaluate the goals of the Paris Agreement.
Ola fined Rs 10 lakh for seeking extra payments before rides are confirmed
The Central Consumer Protection Authority has penalized ANI Technologies for its misleading payment practices on Ola. The regulator noted that soliciting add-on payments misleads consumers and constitutes an unfair trade practice. This feature suggested that paying extra could expedite ride allocation, despite evidence depicting the opposite. Ola has been ordered to cease this practice immediately and ensure compliance with consumer protection laws.
An auctioneer named Malo de Lussac discovered a valuable oil painting by Eugne Delacroix in central France. This painting, titled 'Study of Reclining Lions,' had been in one family since the mid-1800s. It depicts seven lions and includes certificates authenticating its provenance, linking it to Delacroix's work. The artwork estimated at 200,000 to 300,000 sold for 455,000 in late March.
Blue Jet weighs Rs 500 cr Andhra Pradesh plan
Blue Jet Healthcare is evaluating the acquisition of around 50 acres of land in Andhra Pradesh for setting up an active pharmaceutical ingredient (API) manufacturing facility, with a proposed investment of Rs 5 billion (Rs 500 crore).The company has entered into a memorandum of understanding (MoU) with the Andhra Pradesh Economic Development Board for the proposed project. The land acquisition is currently under evaluation, and the facility is expected to strengthen the company's manufacturing capabilities in the API segment.The proposed investment marks Blue Jet Healthcare's planned expansion into Andhra Pradesh.
One 97 Communications Subsidiary Gets RBI In-Principle Nod For Wallets
One 97 Communications' subsidiary, Paytm Payments Services Ltd (PPSL), has received in-principle authorisation from the Reserve Bank of India to operate wallets. This approval comes with conditions, including a mandatory system and cyber security audit, and PPSL can only issue Prepaid Payment Instruments after final authorisation. This development follows a period of significant regulatory challenges for Paytm Payments Bank, including the cancellation of its banking licence. Concurrently, One 97 Communications reported a substantial increase in profit and revenue for the second quarter ended September 2026.
Is Microsoft Outlook outage resolved today? Microsoft has started restoring its services after a major outage disrupted Outlook, Hotmail and Microsoft 365 across several countries. Some users have regained access, but others still face email and login problems. Claude's Microsoft 365 tools have also been affected. Microsoft has yet to confirm full recovery or announce when all services will return to normal. Microsoft 365 has more than 430 million users, according to the company. Downdetector recorded nearly 130,000 Outlook complaints at the peak of the disruption.
India's FX reserves rise $2.49 bn in Nov 6 week
Rahul Gandhi files reply in defamation case linked to Hathras gangrape case
Rahul Gandhi has submitted his reply regarding the defamation complaint related to his statements in Hathras. The court previously dismissed the complaint, prompting Gandhi to challenge this decision. Legal representation for three acquitted men claims Gandhi's remarks were defamatory and insulted them. A notice seeking damages was issued to Gandhi after his comments during a village visit. The next hearing is scheduled for December 7, following the judge's leave.
Is Claude code down? Anthropic deploys fix
Rabbit Island, located in southwestern Louisiana, is undergoing an extensive restoration project aimed at reviving habitats for colonial waterbirds. Initiated in 2020, the initiative tackles erosion and habitat loss brought on by various challenges. The first season saw over 11,600 nests discovered, exceeding expectations considerably. To further combat erosion, limestone rock baskets were installed, enhancing the area's viability for wildlife.
COVID-era Wuhan party boss under investigation, says China's anti-graft watchdog
Wang Zhonglin, the former party chief of Hubei and Wuhan, is under investigation for corruption. This follows his earlier prominence during the COVID-19 pandemic, particularly appointed as Wuhan's top official in February 2020. He served as governor of Hubei in 2021 and later became the highest-ranking official in the province. Additionally, several other senior officials from pandemic-era Hubei have faced investigations and serious consequences.
Inflation fears hit Indian markets; Sensex, Nifty fall
Indian benchmark indices Sensex and Nifty closed lower, snapping a three-day rally, as retail inflation surged to 6.09 per cent in October, breaching the RBI's upper tolerance limit and prompting economists to anticipate a policy rate hike next month.
The successful reintroduction of California red-legged frogs to Yosemite marks a significant achievement in conservation efforts that began in 2016. With the first breeding in 2019 and the special release of the 10,000th frog, affectionately named 'Twain', these frogs now thrive in the valley, representing generations of recovery. Future plans include raising and releasing additional juveniles to ensure continued population growth within this iconic national park.
Nvidia's share-price slump following the Jensen Huang controversy highlights the risks of investing in global markets. Experts explain five factors Indian investors should watch, from leadership stability and governance to valuations, geographical concentration and geopolitical risks.
Gem, jewellery exports up 34% on growing demand, rise in gold prices
Strong gold jewellery shipments and a recovery in polished diamond exports drive growth ahead of the crucial year-end holiday season.
Student of the Year: After Dark releases on OTT: Where to watch Karan Johars thriller series?
Student of the Year: After Dark, produced by Karan Johar, has premiered on JioHotstar. The thriller marks Shanaya Kapoor's OTT debut, with the actress playing twin sisters Aayesha and Aditi Malik. Shanaya opened up about the challenges of her double role, demanding action sequences and underwater scenes, thanking the filmmaker and crew for their support.
Both credit card balances and loans matter when building creditworthiness. Paying cards in full and maintaining low utilisation can help relatively quickly, while steadily reducing loans and making every EMI on time strengthen the profile over time.
Indias exports to US rise 11%; Brazil and Mexico shipments register strong growth
Department of Commerce data show growth across Indias major export destinations, with shipments to several key markets recording double-digit increases
CESS releases decadal study on Telangana public finances
Southeast Asia To Need 4,985 New Planes By 2045
Boeing projects Southeast Asian airlines will require 4,985 new commercial aircraft by 2045 due to expanding fleets and replacements. The region's air passenger traffic is expected to grow 6.7% annually, outpacing economic growth, driven by rising incomes, tourism, and connectivity. Most new aircraft will be single-aisle, with a significant portion supporting fleet growth.
India's Exports Up 29.9% to $89.99 Billion in October
India's total exports, encompassing both merchandise and services, surged by 29.9 per cent to USD 89.99 billion in October, while the trade deficit simultaneously narrowed to USD 20.09 billion, according to recent government data.
India to honour 75% import duty concession on bulk Scotch from UK, says trade secretary
The assurance follows a customs dispute over dozens of containers held at Indian ports, raising questions about the trade pacts implementation
India's fuel demand to keep rising through 2034 despite EV adoption
Fuel demand from road transport will peak at more than 2.5 million barrels a day in eight years before gradually declining, according to BloombergNEF's India Electric Vehicle Outlook 2026
India's gold imports plunge 62.57% to $5.51 billion in October as prices fall below $4,000/oz
India's gold imports fell 39.9% to $24.78 billion during April-October 2026, down from $41.24 billion a year ago, according to Commerce Ministry data. October imports plunged 62.57% year-on-year to $5.51 billion amid a correction in global gold prices. Meanwhile, India's gems and jewellery exports rose to $18.50 billion during the seven-month period.
Fresh lending rates drop 10 bps in September, foreign banks lead
Foreign banks led the reduction in fresh lending rates, cutting them by 22 basis points, while surplus liquidity helped banks lower deposit rates to a 10-month low of 5.61 per cent
Banks Raise FD Rates After RBI Repo Rate Hike
Major Indian banks, including Bank of Baroda and Federal Bank, have begun raising interest rates on select fixed deposit (FD) tenures following the Reserve Bank of India's 25-basis points repo rate hike in October, with some special schemes offering up to 7.50% for senior citizens.
India's trade deficit at 12-month high as October imports hit record
Merchandise imports hit a record $89.35 billion in October, while exports surged 45 per cent to $49.47 billion; the trade deficit widened to $39.88 billion
Supply shocks could weaken effectiveness of interest rate hikes, warns Chief Economic Advisor
Speaking at the 9th Annual Food Systems Dialogue, he highlighted the growing challenges facing central banks amid persistent global supply disruptions
PM Modi inaugurates Bengaluru Metro Pink Line stretch, network crosses 100 km
The newly opened section adds six stations to the citys metro connectivity, marking a milestone for Bengalurus expanding public transport network
Mangaluru-Bengaluru Vande Bharat train to begin Saturday, says Ashwini Vaishnaw
The new service will connect two major Karnataka hubs, with railway authorities resolving engineering challenges along the steep ghat section
Ranbir Kapoor's Ramayana has crossed Rs 1,000 crore worldwide within eight days, becoming the 11th Indian film to achieve the milestone and the third-fastest to do so. Directed by Nitesh Tiwari, the mythological epic has also made history in the UK and Ireland, becoming the first Indian film to debut at No. 1.
USPS plans to seek approval for an 11% fuel surcharge on domestic Priority Mail and package deliveries in January, citing rising transportation costs. Here's all you need to know
Paytm's wallet story gets new twist with RBI nod
Paytm gets RBI nod for pre-paid instruments
Fitch Ratings has maintained its 'neutral' outlook on the European real estate sector, citing strong market fundamentals and expectations of short-lived interest rate hikes that are likely to support broadly stable property valuations, the ratings agency said in a report. The report noted that a sharp correction in property valuations is unlikely, as asset values have already adjusted to the higher interest rate environment during 2022
Parag Parikh Flexi Cap Fund has cut its cash holding from a peak of 25% to 8.78% in October. Does this make it more attractive? Experts decode the portfolio shift, recent performance and whether investors should stay invested or consider fresh investments.
Higher EPS pension: PMO examined matter, says MP
Pressures on German economy likely to ease by year end, ministry says
Pressures on the German economy, including from low river water levels and production stoppages in the automotive industry, are likely to ease by the end of the year, the economy ministry said in its monthly report on Friday. However, the economic recovery has not
Sharad Kapoor, Shah Rukh Khan co-actor, struggling
Microsoft global outage hits Outlook, Teams and AI services: What went wrong?
PM Modi inaugurates Metro's Pink Line in Bengaluru, travels along with CM Shivakumar
The total length of the Pink Line is 21.25 km, comprising 18 stations
India orders audit of electronic waste recyclers to catch fake compliance
India has ordered audits of more than 2,000 waste recyclers, including 309 electronic waste processing units, amid concerns over inflated recycling claims and forged compliance documents. The inspections will cover machinery, plant operations, electricity consumption and production records. The move is aimed at tightening oversight of the e-waste sector and ensuring companies such as Apple, Samsung and LG meet recycling obligations.
India's Oct merchandise trade deficit rose to one-year high of $39.88 bn
Merchandise exports rose to $49.47 billion in October from $44.40 billion in the previous month, government data showed, while imports rose to $89.35 billion against $74.61 billion in September
Microsoft outage disrupts global businesses
$3 billion in China AI projects tied to Nvidia
Mutual funds reshuffled their large-cap portfolios in October 2026, increasing exposure to Max Healthcare, ITC and BSE while trimming holdings in HCL Technologies, Bajaj Auto and Coal India. Here are the top five stocks bought and sold across market-cap segments.
India suffer 244-run humiliation in New Zealand
HSBC Hurun Global Indians List 2026: Check top 5 on the rich list Details, complete list
Alphabet CEO Sundar Pichai has topped the HSBC Hurun Global Indians List 2026, as companies led by global Indians reach $15 trillion in value this year, up 53% since the inaugural 2024 list. Here's a look at the top five names on the list.
Indians splurge 72k cr on their favourite obsession
Rubber Board introduces self-registration facility for BSNR sustainability certification
The Board is implementing BSNR as a digital ecosystem for end-to-end traceability and compliance across the natural rubber value chain, to enhance the value of Indian natural rubber globally
SpiceJet to file overdue results after exchange's suspension warning
BSE has warned it will suspend trading in SpiceJet shares if it does not announce its results by December 7
CAG to introduce AI-powered LLM 2.0 for auditors
The Comptroller and Auditor General of India (CAG) is set to introduce an in-house large language model (LLM) on Monday, developed by IIT Madras, to streamline auditing processes by providing a single platform for internal inspection reports, auditing standards, and guidelines.
Harmanpreet Kaur gets wax statue for WC win
Microsoft Outage Impacts IndiGo's Email Support Services
In a post on X, the country's largest airline said all other support channels remain available
President Murmu presents National Sports Awards
NSE shares cross 2,000 milestone for first time
Gauhati HC: PAN, voter ID can't prove citizenship
US, Mexico measles elimination status to be assessed
Jensen Huang: Rise and fall of the Taylor Swift of tech
Milk, curd and paneer packs to get new logo
Property seller takes cash yet wins for this reason
SpiceJet announces date to file overdue results
SIP openings at 18-month low, closures highest since April 2025
Systematic Investment Plan (SIP) account registrations in India fell to an 18-month low of 5.1 million in October, while closures surged to 5.9 million, the highest since April 2025, leading to a decline in active SIP accounts and monthly contributions.
Microsoft rules out cyberattack amid global outage
SpiceJet board to consider fresh 5,000 crore capital raise on November 18
The proposal comes at a time when SpiceJets domestic market share, according to DGCA data, fell to 0.6% in September from 1.2% in August.
Husbands family cant get wifes land in this case
Techopocalypse! Friday the 13th serves up chaos
PLI Schemes: NITI Aayog Flags Low Job Creation, Urges Policy Shift
India's Production-Linked Incentive (PLI) schemes have achieved only 28% of their targeted employment generation by FY26, despite mobilising 76% of the envisaged investment, according to a NITI Aayog assessment. The report highlights an uneven translation of manufacturing growth into job creation and calls for refining the schemes' design, shifting towards demand-side support and sector-specific interventions.
A Royal Enfield owner alleged that his motorcycle repeatedly lost power during a Leh trip despite a pre-journey ECU update assurance. The South Delhi Consumer Commission has directed Eicher Motors and its authorised dealer to pay him 1 lakh.
Husband turns wife's grave into tourist hotspot
Senior citizen 10L health policy cancelled; he wins
Food inflation to remain high for next few months, RBI may raise 25 bps in Dec: ICICI Bank
October CPI accelerates to 6.08% y-o-y on food prices and base effects; bank revises FY27 forecast to 5.2% amid monsoon and energy risks
One outage brings world biz tumbling down
The cloud may have no physical borders, but its failures can bring real countries/economies to a standstill.The global outage of Microsoft's services today has again exposed the modern business world's big vulnerability, showing what too much dependence on one single technology provider can lead to when things go bad.Also read | Microsoft outage disrupts Teams, Outlook and Copilot as efforts fail to ensure sustained service restorationFrom company mails to corporate document management, cloud computing and AI, Microsoft's ecosystem has become integral to the daily ops of businesses everywhere. So, when this digital backbone of the world's offices creaked and cracked, business did not merely slow down. The very machinery running the global economy began to stumble.When Outlook, Teams and other Microsoft 365 applications faltered simultaneously on November 12, the consequences were overwhelming. It was not just about someone unable to send emails or join meetings. It interrupted decision-making, delayed transactions and left businesses struggling to conduct even routine operations.In light of how the world went haywire, the question is no longer whether businesses need Microsoft; rather, it is whether they have become too dependent on it.The November 12 disruptions brought this concern into sharp focus again. As Microsoft 365, Outlook and Teams got stuck with widespread connectivity problems, users across the world were affected. The outage lasted more than five hours, with thousands of users still reporting problems later in the day.Also read | Widespread outage hits Microsoft email, other appsAccording to Microsoft, some servers became unavailable in an unexpected manner under high load. The outage also hit Microsoft connectors used by OpenAI and Anthropic, highlighting how disruption at one technology company can ripple into others, multiplying the impact, Reuters reported.Reliance that can crippleThe scale of the world's dependence on Microsoft and its tools is mind-boggling, available data shows.Microsoft is not simply a software vendor supplying office applications. It is embedded in the basic business architecture of corporate America and much of the rest of the world.The Microsoft 365 enterprise customer base exceeds 450 million users. Outlook handles business correspondence, Teams facilitates meetings and collaboration, SharePoint and OneDrive store and distribute documents, while Excel and Word remain fixtures in everyday office work. Azure provides cloud infrastructure for businesses and digital services.The integration of these products makes work seamless when everything functions properly. However, it also leads to an interconnected chain in which one failure in one part can make several other parts vulnerable. Yesterday's outage gave the world a glimpse of what that vulnerability means for businesses.It didn't just inconvenience employees who were unable to use these tools. Consider these developments: Electric truck manufacturer Workhorse Group postponed its earnings announcement because of the outage; OpenAI and Anthropic attributed key problems to Microsoft 365.Govt work was affected too. Japan saw its IT infra glitching; So did Australia, where its intel and police were among those hit by the outage, Reuters reported.Not a one-offYesterday wasn't a one-off. In January 2023, a networking problem hit Teams, Outlook, Exchange Online, SharePoint and OneDrive for Business, affecting India, Japan, Australia, Britain and the UAE, among others. At that time, Teams had more than 280 million users worldwide, ET Telecom reported.A year later, in January 2024, another Teams disruption affected users across North and South America, Europe, Africa and the Middle East. Microsoft's initial failover operation did not immediately restore access for everyone, the company posted on X at that time.According to some experts, the recurrence of such outages makes clear the perils of too many essential business functions converging on just a handful of tools.The October 2025 Azure outage was another big warning. Disruptions lasting more than eight hours affected Microsoft's productivity software and businesses across industries. Alaska Airlines and Heathrow Airport reported huge operational problems.Alaska Airlines later announced an audit of its IT systems after the incident, which was linked to a global Azure disruption. Hundreds of flights were cancelled, affecting tens of thousands of flyers.This was one of the cases that showed that how these types of outages spilling over into other companies/businesses and causing major physical and financial consequences.All eggs in one risky basketWhy have companies not been able to put up safeguards against these costly outages? Part of the answer is in the economics of tech convenience.Businesses go for integrated platforms -- such as Microsoft -- because it reduces costs, simplify many things and let workers collaborate across locations. Besides, using a single provider for mail, documents, meetings, storage and cloud makes systems easier to manage.Yesterday's outage again showed what a major trade-off it involves. It raises the concentration risk manifolds. When multiple functions run on the same underlying infra, a single failure can have a disproportionate impact.There is another risk as well. People or business might confuse the reliability of individual applications with the resilience of the entire platform. A company may have backup servers and redundant networks, but these safeguards may fail to give protection if the underlying failure affects the infrastructure connecting them.According to a Times of India report, this Microsoft outage also showed how difficult recovery can become when a failure spreads across interconnected systems, as some of the restored servers reportedly became unresponsive again as traffic returned.Withstanding these outagesSome harried users may have started pushing a narrative that it's time to abandon Microsoft. Howerver, this can be highly unrealistic. Microsoft tools are way too deeply integrated into way too many businesses across the world. Abandoning these tools, therefore, is highly impractical.The priority should instead be to reduce dependence on any single provider, various reports said citing experts. Businesses need to diversify critical workloads across different cloud providers and maintain alternative communication/collaboration platforms.Ultimately, this and other recent Microsoft outages are a warning about the architecture of modern business, not merely the reliability of one technology company.Key documents, customer data and operational data should have independent backups, with offline access wherever possible. A critical aspect to keep in mind is: backups should not rely on the same cloud infrastructure that they are meant to protect.Businesses must also regularly test disaster-recovery arrangements rather than assume that backup systems will work when required, an ET report says. Besides, employees need to know how to communicate and conduct essential work when corporate email, messaging and cloud applications go down.Microsoft and other tech providers, on their part, need more rigorous testing of software and configuration changes, stronger infrastructure redundancy, more transparent communication and clearly defined recovery procedures, The Guardian reported quoting Mark Gregory, an associate professor in the School of Engineering at RMIT University.
Microsoft Outage: Air India updates on flight ops
Dinaz Vervatwala x The Economic Times
Dinaz Vervatwala established Dinaz's Fitness, a unique women's fitness studio in Hyderabad, back in 1993. Transitioning from a career as a chartered accountant, she emerged as a prominent fitness trainer and wellness coach. Dinaz advocates for a holistic view of wellness, blending mental health and sustainable practices, drawing on her personal journey after overcoming a traumatic accident that instilled in her the values of resilience and consistency.
Adani makes smart 3,050 crore bet to power up its metering game
Adani Energy Solutions completed the acquisition of IntelliSmart Infrastructure for Rs 3,050 crore. This deal includes acquiring 100 percent equity share capital and redeeming convertible debentures held by NIIF. IntelliSmart provides advanced metering infrastructure and smart gas meters in India. The acquisition was approved by the Competition Commission of India in October. Adani Energy Solutions is part of the Adani Group and focuses on electricity transmission and distribution.
Tips to get faster rides, Ola fined Rs 10 lakh
RaGa: Modi 'won't remain PM' after debate with me
Shares of Manappuram Finance dropped around 3% on Friday after the company reported a consolidated net profit of Rs 701 crore for the July-September quarter of the ongoing financial year 2027, surging over 3 times from Rs 220 crore reported in the corresponding quarter of the previous financial year.The gold loan providers revenue from operations jumped 48% year-on-year to Rs 3,362 crore during the quarter under review, from Rs 2,274 crore reported in the same period last year. The companys total expenses jumped more than 23% YoY to Rs 2,434 crore, from Rs 1,973 crore reported in the year-ago period. Manappuram Finances gold loan and other segment recorded around 54% YoY rise in revenue to Rs 3,043 crore, while that for micro finance rose over 12% YoY to Rs 329 crore. The companys standalone assets under management expanded 69% year-on-year to Rs 63733 crore at the end of September. The shares of the company dropped to Rs 311 apiece on NSE on Friday morning.Also read | Manappuram Finance Q2 results: Profit soars 77% YoY, but NPAs riseJefferies on Manappuram Finance share priceJefferies maintained its Buy rating on Manappuram Finance shares but reduced its target price to Rs 400 apiece from Rs 430. The latest target price implies 25% upside potential from the stocks previous closing price of Rs 320 apiece on NSE.The international brokerage noted that the companys Q2 profit was 5% ahead of its estimates as higher net interest income offset higher provisions. It expects branch expansion and customer growth to drive 23% gold loan growth and 18% consolidated AUM growth in FY27. The companys NIM rose 63 basis points sequentially to 11%, while gold loan yields rose 30 basis points QoQ to 18%, likely driven by customers slipping into higher-yielding (lower-rebate) slabs with longer repayment cycles, as per the rebate pricing structure, as well as penalty charges. Mannapuram Finance plans to price its loans competitively, but expects gold loan yields to sustain at 17.5-18%.However, the company saw some stress in shorter tenure schemes like peers. Its management indicated incremental trends are better as customers adapt, although the company is gradually shifting to longer tenure schemes.Also read | Manappuram Finance's Stage 2 gold loans jump tenfold to 5%Jefferies raised FY27-28 EPS estimates by 3-4%, factoring in lower AUM growth, better NIMs, lower opex & higher credit costs. It highlighted that the spot gold price is down 7% since September and may remain range-bound over the near term amid Fed rate hikes. We expect profit to rise 3x (off weak FY26 base) with ROE improving to 14% (7% FY26) over FY26-28. At 1.4x FY28 BV, valuations seem reasonable, the international brokerage said.Disclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her relative(s) (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.
Under fire SpiceJet looks to add spice to its fortunes
Gold bond turns Rs 1L investment into Rs 4.48L
The return of FIIs and easing oil prices sparked a skyrocketing rally in the Indian stock market this month, pushing the benchmark indices to levels not seen since the Middle East war ensued earlier this year, but analysts say it may take a few more months for them to hit fresh lifetime highs.Sensex this week touched 82,000, marking the first time since last February before US-Israels joint air strikes killed Irans Supreme Leader Ayatollah Ali Khamenei, beginning a conflict that sparked a sharp surge in oil prices and spooked investors, continuing till date. Nifty traded above 25,350 before the infamous March selloff began. The index has now traced its way back above the level.Also read |Sensex erases all Middle East war losses but is it too soon to forget the Hormuz factor?How far are Sensex, Nifty from their lifetime highs?Despite the recent gains, the benchmark indices are sharply down from their respective lifetime lows. Sensex had hit a lifetime high of 86,159 on December 1 last year, and Nifty had hit an all-time high of 26,373 early in January this year. The benchmark indices are around 5% away from their respective record peaks despite the recent rally.Sensex has recovered over 11,000 from its recent low to hover near 81,900, which leaves 86,000 about 5% away. Vaqarjaved Khan, Senior Fundamental analyst at Angel One, feels that this rally has fundamental support. Earnings visibility is improving, banking, autos and consumption are showing healthier demand, and softer input costs are helping margins, he said, adding that steady SIP flows from domestic investors also give the market a cushion even when foreign money turns cautious. Sensexs recovery of over 11,000 points from its October low reflects a sharp improvement in market sentiment, supported by renewed foreign institutional inflows, easing crude oil prices and encouraging corporate earnings, said Vinit Bolinjkar, Head of Research, Ventura. Why caution is warranted after such sharp spikeHowever, after such a steep rally, some consolidation and profit booking cannot be ruled out, the analyst said. While the broader market outlook remains positive, geopolitical uncertainties, inflationary pressures and fluctuations in foreign capital flows could create intermittent volatility, according to Bolinjkar. We expect the next leg of the rally to be increasingly driven by earnings growth rather than liquidity alone.I would not call valuations comfortable after such a sharp run. Earnings need to catch up with prices, and that is what I will be watching in the coming quarters. Crude oil, global cues and foreign inflows will decide how quickly we move, Khan from Angel One said.The current rally has been driven by falling crude levels, the return of foreign money and better-than-expected earnings. All three need to hold, and none of them is guaranteed while the US-Iran situation remains unresolved and the Fed stays hawkish, said Tanvi Kanchan, Associate Director at Anand Rathi Shares & Stock Brokers. She noted that the market is already showing signs of fatigue near these levels as the Sensex has slipped back from its November 11 high and has been trading in a narrow range on Thursday.Also read | Rs 80,000 crore FII buying sparks explosive rally on Dalal Street. Will RBI rate hike worries kill the party?When could Sensex, Nifty soar back to lifetime highs?A fresh lifetime high, which is sustainable, is a realistic possibility over the next few months rather than the next few sessions, provided crude stays contained and foreign flows remain positive, one can expect short term consolidation before the breakout, according to Kanchan from Anand Rathi.Khan from Angel One has a base case that the Sensex can cross 86,000 and set a fresh lifetime high in roughly three to six months, provided Q3 FY27 earnings hold up and there is no external shock. I would advise investors not to chase the rally and to accumulate quality large caps on dips.Ventura analyst Vinit Bolinjkar believes that Sensex could test the 86,00086,200 zone over the next two to three months, provided foreign inflows remain strong, crude prices stay contained and corporate earnings sustain their momentum. A decisive breakout above the immediate resistance of 82,500 could pave the way towards 84,000 and eventually 86,000, he said.Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities, said if the market succeeds in holding on to its bullish momentum, Sensex could potentially revisit its lifetime highs over the next 3-6 weeks. However, investors should not expect the rally to be linear. After such a sharp recovery, intermittent profit-booking and consolidation would be healthy and could provide a stronger base for the next leg of the uptrend, according to Shah.Ajit Mishra, SVP of Research at Religare Broking, meanwhile believe Sensex is well positioned to reclaim the 86,000 mark and potentially surpass its previous lifetime high over the next 3-6 months. However, the next leg of the rally will need earnings delivery rather than just valuation re-rating, he said, adding that investors should use intermittent corrections to accumulate fundamentally strong businesses with sustainable growth prospects.Also read |MSCI rejig: LIC, Meesho, Coforge set to gain from index inclusion. How much inflows could they attract?Disclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her relative(s) (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimershere.
Ireland extends UK visa-linked travel waiver
Ireland has extended its Short-Stay Visa Waiver Programme until December 31, 2026, allowing eligible nationals, incuding Indians, to visit the country without obtaining a separate Irish visa if they hold and have used a qualifying US short stay visa.The programme was earlier due to end on October 31. The extension applied to nationals of countries across Asia, Europe, the Middle East and South America, including India.Who can use the programme?Travellers must first enter the UK using an eligible UK short stay visa before travelling to Ireland. Those who only transit though a UK airport without passing through immigration are not eligible to use the waiver.The programme covers UK short- stay visitor visas and visit or business entry clearances valid for up to 180 days. Transit visas and visas issued for marriage or civil partnerships are excluded.Eligible travellers can travel directly from UK to Ireland. They can also visit another country after entering the UK and then travel to Ireland, provided their UK permission remains valid.India among covered countriesThe programme covers nationals of India, Indonesia, Kazakhstan, China, the Philippines, Thailand, Uzbekistan and Vietnam. It also includes nationals of Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, Serbia, Trkiye, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, Colombia and Peru.The maximum stay in Ireland is 90 days or the remaining period of the travellers UK permission, whichever is shorter. Entry is not automatic, as an Irish immigration officer will decide whether to grant permission at the port of entry.The waiver does not apply to people living in the UK on long-term permission of more than 180 days. They must apply for an Irish visa, although the visa application fee is waived under the programme.A UK visa or electronic travel authorisation alone does not guarantee entry into Ireland. The traveller must meet all the programmes conditions.
At the Streamer Awards, DDG issued a public apology on social media to fellow nominee ARIatHOME following an unexpected interruption during Ari's acceptance speech for Best Music Streamer. A man interrupted, promoting DDG's music, which Ari gracefully acknowledged before continuing to express gratitude for his fellow nominees' contributions to the Twitch music scene.
Federal Bank increases senior citizen FD rates
India, UAE and Oman establish a technical trilateral committee to address West Asia airspace, realigning ICAO regions amid rising tensions
Stock Markets on Nov 13: Sensex, Nifty fall on inflation concerns
Indian equity benchmark indices Sensex and Nifty slumped in early trade, ending a three-day rally, as profit-taking combined with concerns over surging retail inflation, which breached the Reserve Bank of India's upper tolerance limit, leading to anticipation of a policy rate hike. Track Sensex, Nifty on November 13.
