facebook
SENSEX
NIFTY
GOLD
USD/INR

Weather

image 17    C

Economy

...

Foreign asset disclosure: I-T dept reaches out to taxpayers with UAE properties as December 31 deadline looms

The I-T department is contacting select taxpayers who may have failed to disclose UAE properties as a voluntary foreign-asset disclosure scheme approaches its December 31 deadline. Here's all we know 

Livemint 27 Oct 2026 7:31 am

Trump, ignoring polls, predicts economy to help Republicans in midterms

US President Donald Trump campaigned on Monday in deeply

devdiscourse 27 Oct 2026 7:08 am

Jailer 2 box office collection day 12: Rajinikanth's film becomes highest-grossing Tamil film ever. All set to cross Rs 750 crore mark worldwide

Released on October 15, Jailer 2 has quickly become a box office phenomenon, outpacing the lifetime earnings of both its predecessor, Jailer, and the blockbuster 2.0. The film, directed by Nelson Dilipkumar and starring Rajinikanth is inching towards entering Rs 750 crore club at the global box office. Read on to know how much it earned on day 11.

The Economic Times 27 Oct 2026 7:07 am

Donnie Iris cause of death: What we know about the Western Pennsylvania rock legends health before his demise at 83

The music world mourns the loss of Donnie Iris, the legendary Pittsburgh artist, who passed away at 83. Renowned for his vibrant contributions to rock music, Iris's legacy lives on through his beloved songs. Fellow musicians Rich Engler and Joe Grushecky expressed their heartfelt condolences, honoring his iconic influence. Despite facing health issues, Iris remained dedicated until his recent retirement, leaving behind cherished memories for fans and peers alike.

The Economic Times 27 Oct 2026 6:56 am

India earns nearly 50% more from fuel exports in April-September as costlier oil and weak rupee outweigh lower volumes

India's petroleum product export earnings increased significantly in April to September, driven by high international prices. While the volume of shipments declined by 16%, earnings surged by nearly 50% in rupee terms. Diesel exports were the largest contributors to the earnings growth, accounting for 42% of the total volume. Both diesel and petrol consumption rose during this period, whereas production saw slight declines.

The Economic Times 27 Oct 2026 5:30 am

Govt seeks investor and expert views on LTCG and STT as it reviews capital market levies amid FPI exodus

The government has initiated a reassessment of long-term capital gains tax and securities transaction tax. Stakeholders, including investors and tax experts, have been consulted for their views. The debate has gained momentum due to significant outflows of foreign portfolio investments. Current taxation methods may affect the attractiveness of Indian equities compared to global markets. The upcoming budget provides an opportunity to revisit these tax regulations.

The Economic Times 27 Oct 2026 5:30 am

I hope you never return : Employee resigns. His former managers message to him goes viral. Netizens react: Rare W

A post about a former manager who reached out to a former employee has become viral on the subreddit Indian Workplace. The manager, though he had criticised the employees decision to quit, later messaged him and let him know he hoped he wouldnt have to return to the company ad wished him all the success in life.

The Economic Times 27 Oct 2026 3:08 am

IT Dept urges UAE property owners to disclose foreign assets before December 31 deadline

Eligible disclosures can be regularised by paying 30% tax on fair market value and an equal penalty, with immunity under the scheme. Around 1,100 applications have been filed.

IBTimes 27 Oct 2026 2:22 am

Tesla India sees robust profit and revenue growth in FY26

Tesla India Motors and Energy achieved revenue of 247.3 crore and a net profit of 5.2 crore in FY26. Vehicle sales constituted nearly 87% of total sales after launching retail operations in India. The company reported a significant increase in registrations, reaching 650 units in the first half of FY27. Furthermore, Tesla invested approximately 86 crore into its Indian operations, highlighting its commitment to the local market.

The Economic Times 27 Oct 2026 1:08 am

A Fresh Brew: Trent set to serve up Caffe Nero at Westside, Zudio outlets

Tata Group's Trent has entered into a licensing agreement with Caffe Nero to establish cafes in their retail stores. This decision follows unsuccessful negotiations with Tata Starbucks over a similar partnership. The differences included store formats, locations, and the desired prominence of the Starbucks brand. The terms of the Caffe Nero deal remain undisclosed, with potential for significant expansion in India.

The Economic Times 27 Oct 2026 1:04 am

Wary of RBI, banks back off from forex deals

The banks, using the easy rupee liquidity created after the inflow of deposits from the diaspora, bought dollars and invested the funds in US Treasury bills to earn higher returns. The transaction involved a buy-sell swap, where banks purchased dollars in the spot market and sold dollars in the forward market. The dollars generated through the swaps were deployed in US government papers, whose yields have risen in the past three months.

The Economic Times 27 Oct 2026 12:53 am

Amid supply chain issues, India's strategic mining in critical state

India's mining sector remains underdeveloped due to high import dependence and severe execution bottlenecks. Challenges include land acquisition difficulties, uncoordinated state-level regulations, and environmental concerns related to mining activities. The Centre has urged states to improve the operationalisation of mines, with only a fraction currently active. Various stages of clearances have delayed the progress of numerous mining projects in different regions.

The Economic Times 27 Oct 2026 12:44 am

Apple unveils iPad mini with OLED display, A20 Pro and water resistance, starting at Rs 82,900

Apple has unveiled a new iPad mini with an 8.5-inch OLED display, A20 Pro chip, thinner 5.4mm design and IP67 water and dust resistance. The tablet features upgraded cameras, Wi-Fi 7, Bluetooth 6 and support for Apple Pencil Pro. It runs iPadOS 27 with Apple Intelligence features, including enhanced Siri capabilities and updated photo editing tools. The new iPad mini starts at Rs 82,900 for the Wi-Fi model and Rs 1,00,900 for Wi-Fi + Cellular, with storage options of up to 512GB. Pre-orders open on October 28, while sales begin November 6.

The Economic Times 27 Oct 2026 12:36 am

OneRepublic frontman Ryan Tedders blueprint for turning pop hits into premium real estate and brand equity

OneRepublic frontman Ryan Tedder is building wealth beyond music through commercial real estate, music publishing, consumer brands and strategic investments. His approach shows how a hitmaker can turn creative success into long-term business assets.

Livemint 27 Oct 2026 12:20 am

Arunachals anti-dam protests spread as agitators oppose 1,605 MW Menga hydropower project

In Arunachal Pradesh, opposition to the 1,605 MW Subansiri Upper Hydroelectric Project is growing fierce. A bandh organized by student groups has brought normal activities to a halt, impacting transportation services. Protesters are pushing for the cancellation of the project, raising alarms over potential environmental damage and safety hazards. Incidents of property damage and clashes with law enforcement have been documented.

The Economic Times 27 Oct 2026 12:07 am

Break the cycle: Mecca Pact nations hold talks in Iran

Saudi Arabia was represented by Defence Minister Prince Khalid bin Salman, younger brother of Crown Prince Mohammed bin Salman; Pakistan by army chief Field Marshal Asim Munir; and Turkey by intelligence chief Ibrahim Kalin, Saudi and Iranian officials said. Iranian state media published pictures of Iranian President Masoud Pezeshkian, Foreign Minister Abbas Araqchi and Mohsen Rezaei, secretary of the Supreme National Security Council, attending the meetings.

The Economic Times 27 Oct 2026 12:04 am

India and US fine-tune trade pact after concluding most talks, says Piyush Goyal

India and the United States have nearly finalized discussions regarding a proposed bilateral trade agreement. Commerce Minister Piyush Goyal mentioned that fine-tuning of the agreement is currently underway. This follows remarks from US Secretary of State Marco Rubio about a few remaining details. Initially, the US removed a penalty on Indian goods related to Russian oil purchases.

The Economic Times 26 Oct 2026 11:58 pm

Microsoft offers buyouts to 60K staff in India, US, UK, Canada

Microsoft has announced a voluntary exit programme for eligible employees in India, the US, the UK, and Canada, providing financial support and career planning resources to those who choose to leave the company. The offer, available to employees at level 70 and below in participating teams, aims to offer flexibility and allow businesses to adjust their workforce.

Rediff 26 Oct 2026 11:33 pm

S&P 500 vs Nasdaq 100: Which global index fund is right for Indian investors seeking international market exposure?

S&P 500 or Nasdaq 100? The S&P 500 covers over 40% of global stock market value, while the Nasdaq 100 offers greater technology exposure. A PPFAS report explains their differences, risks and how much Indian investors can allocate globally.

Livemint 26 Oct 2026 11:30 pm

Thella Kaagitham OTT release date locked: When and where to watch Harsh Roshan and Nakshatras Telugu romantic drama

Harsh Roshan and debutante Nakshatras Telugu romantic drama Thella Kaagitham follows two school students whose love story takes a life-changing turn after one mistake. The film received mixed reviews but reportedly collected around Rs 8.5 crore at the box office, while Nakshatra earned praise for her debut performance. The story explores young love, difficult choices and the lasting consequences of a decision made during adolescence.

The Economic Times 26 Oct 2026 11:14 pm

Hyundai targets 2.5 lakh annual Creta, Bayon sales as it steps up India SUV push

By FY27, Hyundai Motor India plans to roll out two mass-market SUVs, with one being an electric model. The firm anticipates selling 250,000 units of the Creta and Bayon in 2027, with SUV sales comprising 75% of total sales by FY28, up from 68-69% now. Production of the Bayon will occur at the Chennai facility, as part of Hyundai's $15.5 billion investment in India set for 2032.

The Economic Times 26 Oct 2026 11:11 pm

Snapchat co-founder and billionaire Evan Spiegel and Miranda Kerr help erase $550 million in medical debt for 261,000 Californians

Evan Spiegel and Miranda Kerr are making waves in California by alleviating medical debt for over 261,000 residents. By supporting Undue Medical Debt, they've successfully wiped out more than $550 million of unpaid bills. This initiative allows individuals to shift their attention from financial burdens to healing. Their philanthropic endeavours also include aiding student loan repayment and wildfire recovery, aiming to enhance access to healthcare and bolster financial security.

The Economic Times 26 Oct 2026 11:03 pm

Indias satcom race is a minefield for telcos

The Economic Times 26 Oct 2026 10:59 pm

SBI opens cyber CoE, announces training for 1.8 lakh staff in cybersecurity

'CyRIS' will focus on emerging digital safety and capability areas, including threat intelligence, cyber defence, digital forensics, malware analysis, ethical hacking, fraud analytics, AI security, and quantum-safe technologies, as per an official statement.

The Economic Times 26 Oct 2026 10:57 pm

USA tried to make rain by bombing clouds with dynamite in 1891. The $7,000 experiment for drought-hit Texas produced unexpected result

In 1891, the US government funded an unusual experiment to make rain by bombarding the sky with dynamite, balloons and other explosives. Led by Robert G. Dyrenforth, the team tested the theory in drought-hit Texas after a Civil War veteran suggested that the sound of explosions could force clouds to release rain. Although showers followed some tests, the expedition's own meteorologist questioned the results, noting the lack of scientific evidence.

The Economic Times 26 Oct 2026 10:49 pm

Mizoram to get piped cooking gas by 2028, 491 crore pipeline underway

Mizoram is set to receive piped natural gas connections for cooking by early 2028. Indradhanush Gas Grid Limited is constructing a 119.45-km pipeline connecting Panisagar in Tripura to Aizawl. The project aims to ensure a reliable supply of cooking fuel, addressing current shortages of liquefied petroleum gas. Initial coverage will include Mamit and Aizawl districts with an investment of approximately Rs 491 crore.

The Economic Times 26 Oct 2026 10:28 pm

India woos South Korean marine equipment makers as shipbuilding grows

Union Minister Sarbananda Sonowal highlighted the need for ambitious and universal maritime standards during the World Maritime Day roundtable. He stressed the importance of partnerships that facilitate the implementation of these standards among countries. Sonowal's discussions with the Korea Marine Equipment Association outlined collaborative opportunities in India's shipbuilding sector. Korea's involvement will focus on technology transfer and local manufacturing of marine equipment.

The Economic Times 26 Oct 2026 10:23 pm

DA hike news 2026: Good news before Diwali! Now, Dearness Allowance every month with minimum salary for these employees

Public health workers employed by the Municipal Corporation of Delhi are to receive a minimum monthly pay of 18,000 plus DA; the civic body is to recruit 2,500 sanitation workers.

Livemint 26 Oct 2026 10:22 pm

PNB account holders alert! These accounts will be closed after November 10 - here is why

Punjab National Bank will close certain inactive, zero-balance accounts after November 10, 2026. Customers who have not operated their accounts for over three years must complete KYC and reactivate them before the deadline to avoid closure.

Livemint 26 Oct 2026 10:12 pm

Anthropic IPO: When will its stock hit Nasdaq?

The Economic Times 26 Oct 2026 10:10 pm

BPCL shifts crude sourcing towards Middle East as Russian oil loses price edge

Russian crude accounted for 37% of their import basket in the second quarter.

The Hindu 26 Oct 2026 10:03 pm

Meghan Markles father Thomas Markle under investigation on Philippines over alleged child abuse: What happened so far?

In the Philippines, Thomas Markle Sr. is currently under scrutiny following allegations related to child sexual abuse material. Reports indicate his son stumbled upon alarming items while cleaning out their Cebu residence, leading to Meghan Markle voicing her concerns about child safety. As Philippine officials embark on forensic examinations, questions loom about the adequacy of UK law enforcement's response to Thomas Markle's history.

The Economic Times 26 Oct 2026 9:59 pm

MoSPI to start annual unincorporated sector enterprises survey from April 2027

The Ministry of Statistics and Programme Implementation will conduct the Annual Survey of Unincorporated Sector Enterprises from April 2027. New questions will address gender-specific constraints faced by female entrepreneurs for the first time. Additionally, the survey will capture the investment in fixed assets over an extended period. The survey period has shifted to align with the financial year for better data utility.

The Economic Times 26 Oct 2026 9:53 pm

Railway Board flags safety concerns, grants conditional approval to RCF-made Vande Bharat chair car

Officials said all Vande Bharat Chair Cars currently in operation have been manufactured by Integral Coach Factory (ICF), Chennai, and that this will be the first Vande Bharat chair car manufactured by RCF, Kapurthala, with an Alstom propulsion system.

The Economic Times 26 Oct 2026 9:37 pm

Nearly half of Indian two-wheeler buyers eye EVs: BCG report

Around 43 percent of two-wheeler buyers are considering electric vehicles, showing a notable increase since 2024. The outright rejection of electric options has decreased from 38 percent to 29 percent among potential buyers. Electric two-wheelers now represent 9.9 percent of overall sales, a growth from 5.5 percent in previous years. As consumer ratings improve, major concerns remain regarding longevity and rough-road capabilities of these vehicles.

The Economic Times 26 Oct 2026 9:30 pm

India, US fine-tuning trade agreement; most discussions over: Goyal

India and the US have concluded most of the discussions for a proposed bilateral trade pact, and they are now fine-tuning the agreement, Commerce and Industry Minister Piyush Goyal said on Monday. We have concluded most of the discussions and are fine-tuning the agreement, he said here while talking about the India-US trade agreement. The minister is here on a two-day official visit. He is accompanying a business delegation. Addressing the India-Netherlands Business Forum here, he said India has concluded nine free trade agreements in the last four and a half years. India and the US, in February, announced finalisation of the framework for the first phase of the bilateral trade agreement (BTA). However, changes in the tariff landscape in the US have led to further negotiations on the pact.

Business Standard 26 Oct 2026 9:13 pm

Buy now, pay later vs credit card EMI: Cheaper vs expensive analysis - Expert explains interest, fees, hidden charges

BNPL and credit card EMIs allow shoppers to pay in instalments, but interest rates, processing fees and hidden charges can increase costs. Experts explain the differences, repayment conditions and how missed payments can affect credit scores.

Livemint 26 Oct 2026 9:11 pm

LANXESS, Hindustan Colas join hands for latest road construction technologies

The companies will conduct joint laboratory and commercial-scale evaluations of Addipave CR 36, a LANXESS advanced cross-linking technology for Polymer Modified Bitumen applications

The Hindu Businessline 26 Oct 2026 9:08 pm

Vijay Deverakonda, Rashmika Mandannas team takes legal route: Cybercrime complaint filed over fake posts, online harassment after Koffee With Karan 9

Vijay Deverakonda and Rashmika Mandannas team has filed a complaint with Hyderabad Cyber Crime authorities over alleged fake posts, manipulated screenshots, impersonation and online harassment following backlash over their Koffee With Karan 9 appearance. The team has sought an investigation into the circulation of misleading content, while Rashmika defended her marriage and Vijay hit back at critics on social media.

The Economic Times 26 Oct 2026 8:58 pm

Where to watch The One About Matthew Perry documentary: know release date, streaming platform and what to expect

The One About Matthew Perry is a documentary set to stream on Netflix. It will feature intimate accounts from family and friends about the actor's life and struggles. Matthew Perry's sister and friends will share their memories, providing insight into his journey and relationships. The documentary aims to present a comprehensive portrait of Perry beyond his television fame.

The Economic Times 26 Oct 2026 8:47 pm

Anthropic files for IPO, set for Nasdaq debut as 'ANT'

Artificial intelligence company Anthropic, known for its Claude AI chatbot, has filed a registration statement with the US SEC for its proposed initial public offering (IPO), intending to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol 'ANT'.

Rediff 26 Oct 2026 8:44 pm

For first time, ASUSE has questions about issues faced by females in operating, managing their establishments

ASUSE, being conducted since 2021-22, presents employment and gross value added, provides livelihoods to many people and supports economic activity through its linkages with the incorporated sector

The Hindu Businessline 26 Oct 2026 8:33 pm

ISMA says 107 sugar mills begin crushing operations so far, enough stock to meet domestic demand

Nearly 110 sugar mills have begun operations for the 2026-27 sugar marketing year in several states. The Indian Sugar & Bio-Energy Manufacturers Association stated that the industry is prepared for sugarcane crushing. This readiness helps meet the expected domestic sugar demand of 280-285 lakh tonne annually. The government has also extended duty-free import windows to maintain sugar availability during the festive period.

The Economic Times 26 Oct 2026 8:33 pm

MakeMyTrip adjusted net profit grows 27% to $46.2 million

While 10% year on year rupee depreciation impacted its reported numbers, revenue in constant currency terms grew 11.2% to $235.2 million

The Hindu Businessline 26 Oct 2026 8:33 pm

Govt extends RELIEF scheme for exporters till March 2027 amid West Asia crisis

Scheme offers 95% risk cover under eligible ECGC policies; exporters seek clarity on documentation for claims

The Hindu Businessline 26 Oct 2026 8:33 pm

Cyclone Arnab: Affected people in AP can report emergencies via Mana Mitra WhatsApp service

People can report power outages, fallen trees, collapsed walls, waterlogging and other cyclone-related issues by sending Hi to 9552300009 on WhatsApp

The Hindu Businessline 26 Oct 2026 8:31 pm

MFIN to issue PAN, CKYC guidelines for microfinance lenders in 10-15 days

Industry body MFIN aims to strengthen borrower identification and credit underwriting by encouraging lenders to adopt PAN and CKYC records within an aspirational 18-month timeline

Business Standard 26 Oct 2026 8:27 pm

AI hearing aid lasts 51 hours, alerts family in falls

The Economic Times 26 Oct 2026 8:24 pm

Toronto voting: Poll timings and candidate list

The Economic Times 26 Oct 2026 8:24 pm

MoSPI report shows Rs 3.22 lakh crore cost overrun in Indias ongoing infrastructure projects

Infrastructure projects worth over Rs 150 crore have seen a cumulative cost overrun of approximately Rs 3,21,976 crore. About 1,853 infrastructure projects across 17 ministries were monitored, showing total costs revised to Rs 37,55,803 crore. The Ministry of Road Transport & Highways leads with the most ongoing projects and costs. Approximately 47.21 percent of the total project cost has been spent so far, indicating steady progress.

The Economic Times 26 Oct 2026 8:23 pm

Blue Energy Motors launches battery-swap station for electric trucks

The station enables battery swapping for BEMs electric heavy-duty trucks in less than five minutes, helping minimise charging downtime and improve fleet utilisation

The Hindu Businessline 26 Oct 2026 8:12 pm

Almost half of domestic coal-based power plants have critical stocks

Electricity demand surged 23.4% year-on-year in the first 10 days of October, adding pressure on coal inventories

The Hindu Businessline 26 Oct 2026 8:09 pm

Mumbai region registers 17 luxury homes worth Rs 178 crore daily in H1 FY27

In the second quarter, Mumbai's luxury housing market showcased significant expansion, especially in homes priced above Rs 5 crore. July emerged as a standout month with 618 luxury homes being sold for a total of Rs 6,669 crore. Worli topped the charts in terms of transactions, while ultra-luxury sales remarkably surged, doubling their previously reported figures.

The Economic Times 26 Oct 2026 8:08 pm

CBDT receives around 1,100 applications under foreign assets disclosure scheme

Since the launch of the Foreign Assets of Small Taxpayers Disclosure Scheme, approximately 1,100 taxpayers have submitted applications. The scheme provides an opportunity to disclose unreported foreign assets and income at a 60 percent tax rate. Taxpayers can access information about their assets reported by foreign jurisdictions through the e-filing portal. Outreach programs have been initiated to raise awareness among various groups regarding this scheme.

The Economic Times 26 Oct 2026 8:07 pm

Slack mustard coverage drags Indias rabi acreage as sowing begins

Area under chana, moong, wheat and rice trail as Rajasthan, UP, M.P., Gujarat, Maharashtra and Karnataka report deficient rainfall

The Hindu Businessline 26 Oct 2026 8:04 pm

School Holiday October 27: Are schools closed in Andhra Pradesh, Odisha and Tamil Nadu amid Cyclone Arnab? Check state-wise updates

School holiday news: Schools across India are generally set to operate as usual on October 27, 2026. Local authorities may declare holidays based on weather conditions, especially in southern coastal states. Odisha and Andhra Pradesh are particularly monitoring forecasts due to cyclone concerns and heavy rain alerts. Parents and students should check with schools for specific instructions or changes related to closures.

The Economic Times 26 Oct 2026 8:00 pm

I-T dept nudges UAE property owners as FAST-DS gets 1,100 declarations

The Income Tax Department is stepping up outreach to UAE property owners and other taxpayers as around 1,100 declarations have been filed under FAST-DS ahead of the December 31 deadline.

Business Standard 26 Oct 2026 8:00 pm

Rupee, bond yields face pressure from high oil prices, global rates

Treasury heads at the BFSI Insight Summit warned that elevated crude prices, foreign capital outflows and high global yields could keep the rupee and bond markets under pressure

Business Standard 26 Oct 2026 7:59 pm

Anthropic's rapid growth comes with an $80 billion loss and growing concerns about AI risks

Anthropic filed for an initial public offering, reflecting rapid revenue growth amid significant financial losses. The company reported a 1,300% revenue increase, reaching $16.3 billion in the first half of 2026. However, it also encountered a net loss exceeding $80 billion due to high costs in AI development. Risks associated with AI technology are increasingly becoming a concern for potential investors.

The Economic Times 26 Oct 2026 7:52 pm

Why is Verizon stock down today? Verizon Communications Inc share price falls at US Stock Market

Verizon now expects to add between 1.1 million and 1.2 million postpaid phone subscribers this year compared with earlier projections of 750,000 to 1 million.

The Economic Times 26 Oct 2026 7:51 pm

Indias outward FDI falls 14% to $4.34 billion in September as loans, guarantees decline

Outward foreign direct investment from India reached $4.34 billion in September, which is a 14% increase from last year. However, this figure reflects a 37% decrease from the previous month. Equity commitments decreased by 20% compared to August, totaling $3.26 billion. Loans to overseas subsidiaries rose slightly, reaching $549 million in September. Several companies, including Sun Pharma, led the equity outflows with significant investments.

The Economic Times 26 Oct 2026 7:50 pm

Blue Dart launches international parcel service

Beginning with the US, Blue Dart plans to progressively extend the service to other relevant markets

The Hindu Businessline 26 Oct 2026 7:41 pm

Dhanteras 2026: Buying gold jewellery? Here's how to check purity, verify BIS hallmark and avoid costly mistakes

Gold buyers should verify purity, check the six-character HUID code using the BIS Care app and examine hallmark details before purchasing jewellery this Dhanteras. BIS rules also allow consumers to claim compensation if the gold fails purity tests.

Livemint 26 Oct 2026 7:38 pm

Pratt & Whitney signs over $40 million in supply agreements with Indian firms

Aircraft engine maker on track for $150 million in annual sourcing by 2030; seeks sector-specific PLI scheme

The Hindu Businessline 26 Oct 2026 7:29 pm

Akasa Air raises 450 crore from share sale

A source said the company is raising more capital, and new investors are expected to come on board as well

The Hindu Businessline 26 Oct 2026 7:25 pm

Two New York waitresses in 2015 discovered he had left them $1 million in tip after his death. He had dined in his favourite restaurant for 50 years

Sometimes, good service is all it takes to earn generous tips, even from patrons who have left the world. In 2015, two waitresses at a Manhattan restaurant were stunned when they learned how they both were left $50,000 each by a late patron, an art collector and dealer.

The Economic Times 26 Oct 2026 7:25 pm

ASUSE to track hurdles faced by women entrepreneurs, shift to FY cycle

The annual survey of unincorporated enterprises will add questions on gender-specific business constraints and shift to an April-March cycle from 2027 to improve policy-relevant data

Business Standard 26 Oct 2026 7:19 pm

Boost for green energy projects: Maharashtra govt waives 25 pc land transfer fee

Maharashtra announced a waiver for the 25 per cent transfer fee on land for renewable energy projects. This decision aims to alleviate financial pressure on companies and reduce project costs. Companies must use the land exclusively for renewable energy to qualify for this exemption. If the land is used for other purposes, the exemption will be revoked, and fees will be charged.

The Economic Times 26 Oct 2026 7:19 pm

How to lock current gold prices ahead of Dhanteras and buy jewellery a week later

Retailers are offering price-protection schemes to attract customers, while the upcoming wedding season is boosting demand for bridal jewellery. Lightweight gold jewellery, old-gold exchange offers and traditional designs are also drawing buyers as elevated bullion prices influence purchasing decisions.

IBTimes 26 Oct 2026 7:13 pm

Man wanted Etihads A380 sofa. Now, his Dubai home has the entire luxury suite and a coffee table made from the aircraft's wheel

An Indian aviation enthusiast from Kochi has transformed his Dubai apartment by installing the restored living room of Etihad Airways luxury Airbus A380 Residence suite. Arun Rajagopal initially wanted to buy only the suites leather sofa but ended up acquiring the entire section. The restoration took nearly a year, with engineers repairing damaged components and adapting the cabin for home use.

The Economic Times 26 Oct 2026 7:10 pm

Egypt approves military aid for Saudi

The Economic Times 26 Oct 2026 7:07 pm

Chinese banks face surge in credit card defaults as economy falters

Digital Desk | New Delhi, Oct 26 (IANS) Chinese banks are facing a surge in credit card defaults from middle-aged borrowers who otherwise look like model citizens, with university educations and secure public-sector jobs, according to a report. There was a close to 50 per cent jump during the last quarter in the value of non-performing loans registered on the Banking Credit Assets Registration and Circulation Centre Chinas official platform where banks and consumer finance firms list and trade non-performing debt portfolios. The value of newly registered bad-loan portfolios reached 148.1 billion yuan ($22.2 billion) in the third quarter of 2026, including principal and interest. Credit card arrears accounted for 35.2 per cent of that volume, making it the largest single category, states the report by Emma Main from Shanghai in the South China Morning Post. In October alone, 82 new portfolios have been listed on the platform as of Thursday. Most lenders said the average age of the delinquent cardholders was between 40 and 50. Others, such as Ping An Bank, simply described the borrowers as middle-aged. Analysts and banking industry insiders say the figures are part of a growing trend, with middle-aged cardholders carrying the highest credit risks. The situation stands in stark contrast to the United States, where credit card defaults have long been associated with young people, the report observes. According to a February report by the Federal Reserve Bank of New York, borrowers aged 20 to 39 continued to show higher serious delinquency transition rates than older persons in the final quarter of 2025. Key drivers included higher credit usage and thinner cash buffers. According to a manager overseeing credit card operations at the Shanghai branch of a Chinese state-owned bank, most delinquent cardholders pointed to steep salary cuts or lay-offs during debt collection. When that happens, they want to hold onto their homes, said the person, who spoke on condition of anonymity as he was not authorised to comment publicly. So they prioritise mortgage repayments and family expenses. Overdue credit card bills only hurt their credit profiles, with little tangible immediate impact. Against this backdrop, Chinese lenders are now racing to offload non-performing loans. In the first nine months of this year, portfolios worth a total of 322.2 billion yuan were registered on the Banking Credit Assets Registration and Circulation Centre, up 26.4 per cent year on year. Looking ahead, observers expect credit card bad-loan ratios to stay elevated, the report states. Analyst Liao Zhiming at Wuhan-based Huayuan Securities noted that mounting bad loans paired with tougher regulatory requirements had prompted more Chinese lenders to tighten new credit card issuance.

bhaskarlive 26 Oct 2026 7:01 pm

India's credit-to-GDP ratio to rise as credit access expands: Economists

Speaking at the Business Standard BFSI Insight Summit 2026, economists called for wider credit access, productive lending, stronger domestic capital markets and sustained investment to drive growth

Business Standard 26 Oct 2026 6:57 pm

India-US trade deal: Most discussions concluded, agreement being fine-tuned

Further negotiations followed changes in US tariffs after both countries announced the framework for the first phase of the proposed agreement in February

The Hindu Businessline 26 Oct 2026 6:50 pm

Private logistics players tap India Post to expand last-mile reach

A series of partnerships from January with Blue Dart Express, DTDC and Flipkart signals growing interest in leveraging the government-run network to bridge last-mile delivery gap

The Hindu Businessline 26 Oct 2026 6:41 pm

Indian Railways extends optional travel insurance to counter-ticket buyers, mandates digital payment

Officials said that since 5, 10, 20 and 25-paise coins are no longer legal tender, the ticket fare and the insurance premium have to be paid online

The Hindu Businessline 26 Oct 2026 6:38 pm

I-T Dept flags undisclosed foreign properties

The Economic Times 26 Oct 2026 6:31 pm

Raymond Realty raises Rs 210 cr from ICICI Prudential Real Estate Development Fund

Raymond Realty has announced that it has secured Rs 210 crore from ICICI Prudential Real Estate Development Fund. This financial investment will be used for a redevelopment project in the Mumbai Metropolitan Region. The investment will be made through Ten X Realty West Ltd, a subsidiary of Raymond Realty. The collaboration aims to enhance capital efficiency and expedite project timelines.

The Economic Times 26 Oct 2026 6:22 pm

Aravind Srinivas failed startup before Perplexity

The Economic Times 26 Oct 2026 6:21 pm

Power to empower must include the power to stay well

The true value of power lies in its purpose, the Prime Minister told the Bloomberg New Economy Forum in October. Indias next lever of power is the health of its people, and the digital infrastructure behind CoWIN can now help keep a billion Indians well.

The Economic Times 26 Oct 2026 6:17 pm

Sakar Healthcare posts Rs 11 cr profit in Q2

The company said the second quarter growth was supported by new oncology approvals, strong demand across geographies, a better oncology mix, operating leverage, and disciplined cost management.

The Economic Times 26 Oct 2026 6:12 pm

Small finance banks expand reach, but India's credit gap remains wide

After a decade of rapid growth, small finance banks are looking beyond their original mandate, even as they navigate microfinance stress and the challenge of building sustainable businesses

Business Standard 26 Oct 2026 6:04 pm

Latest FD interest rates: SBI, ICICI, HDFC & more

The Economic Times 26 Oct 2026 6:00 pm

Zee appoints Komal Nahta as Creative Director, restructures movies business

Under the revamped structure, Suraj Singh and the Zee Studios team will report to Nahta, who will also oversee commercial and movie acquisition decisions across platforms, with a focus on Hindi and other-language films. He will report to ZEEL Chief Executive Officer Punit Goenka.

The Economic Times 26 Oct 2026 5:54 pm

Anthropic said to plan for Mega-IPO Monday

The Economic Times 26 Oct 2026 5:53 pm

Kashmirs saffron farmers fear losses as most fields remain bare due to rising temperatures

Farmers say that an almost snowless winter, followed by a prolonged dry spell in September and the first two weeks of October, had taken a toll on saffron crop

The Hindu Businessline 26 Oct 2026 5:52 pm

Mankind Pharma shares key business developments from Q2 & H1 of FY27

The company outperformed the market by 1.1 times in both chronic and acute therapies. Cardiac and anti-diabetes brands registered growth of 18.7% and 15.8%, respectively. In acute therapies, gastroenterology grew at 1.3 times the market rate, while vitamins, minerals and nutrients (VMN) expanded at 1.4 times that rate.

The Economic Times 26 Oct 2026 5:48 pm

In China, the AI bubble has already burst

The Economic Times 26 Oct 2026 5:48 pm

India-US trade deal enters fine-tuning stage as most talks conclude, says Piyush Goyal

India and the US are refining their bilateral trade agreement after concluding most discussions on the deal. Commerce Minister Piyush Goyal indicated significant progress has been made towards finalizing the agreement. Recent talks have involved high-level meetings between officials from both nations, focusing on tariff reductions and trade frameworks. Goyal is currently leading a significant delegation to the Netherlands and Germany to promote bilateral business ties.

The Economic Times 26 Oct 2026 5:46 pm