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Trump admin seeks to block Alaska Senate result if Republicans lose
The US Justice Department is seeking to invalidate Alaska's Senate election results if the Republican incumbent loses next month, in a rare legal move that raises questions about the Trump administration's willingness to accept defeat in the midterms. Democrats have accused the Trump administration of seeking to influence the November vote by expanding federal control over state-run elections and by repeatedly questioning the integrity of election results.
In Trappes and La Verriere, a Paris suburban area, a gunman opened fire, killing one person and injuring several others. Authorities suspect the attack to be racially motivated, leading them to classify it as a terrorist crime. A twelve-year-old girl was among the seriously injured, reflecting the attack's random targeting of passersby. The suspect was arrested shortly after the shootings, which happened in under fifteen minutes.
Strong macro fundamentals, policy interventions to anchor eco against global headwinds: RBI bulletin
Strong macroeconomic fundamentals continue to support the Indian economy against global inflation and trade tensions. Recent geopolitical frictions have resulted in increased prices and supply chain issues, leading to policy changes. Currency fluctuations were observed, but measures by the Reserve Bank helped stabilize the rupee recently. Foreign Direct Investment remains robust, driven by significant inflows from major sources like the US and Singapore.
India's exports to Germany could cross $50 billion by 2030: ASSOCHAM
ASSOCHAM said the potential for expanding market access, investment and business partnerships between India and Germany. It said the two countries could use their respective strengths in manufacturing, technology and innovation to deepen economic ties and create new growth opportunities.
Outward remittances under LRS rise 3.6% to $2.74 billion in August 2026
Outward remittances under the RBI's Liberalised Remittance Scheme rose 3.6% YoY to $2.74 billion in August, driven by overseas investments, while education spending fell
Koffee With Karan kicked off its ninth season with the lively duo Rashmika Mandanna and Vijay Deverakonda as featured guests. Previously, Abhishek Bachchan took a walk down memory lane, sharing quirky stories about his family's WhatsApp dynamics, highlighting Jaya Bachchan as the chatty one and Amitabh Bachchan as the silent observer. He also recounted a funny moment when Amitabh's response was notably delayed.
RBI flags rising inflation risks from West Asia conflict, El Nino despite resilient Indian economy
India's external sector shows resilience due to a narrowing trade gap and comfortable foreign exchange reserves. Inflationary pressures have intensified due to geopolitical tensions and supply-side bottlenecks. The RBI reported an increase in both industry and services indicators, showcasing economic strength. The IMF has revised India's growth projection for 2026-27 to 7% based on resilient domestic demand. Global financial volatility has increased amid global challenges and rising inflation risks.
India says peace along China border essential for growth in bilateral ties
Border situation gets periodically disturbed when Chinese forces diverge from established patrolling patterns: MEA
Net FDI at $3.3 billion in September 2026, positive for third consecutive month
FDI inflows exceeded outflows in seven out of the last eight months, a reversal of what occurred in the five months before that
RBI alert about AI-driven cyber risks, banks taking steps to plug vulnerabilities: Governor
RBI Governor Sanjay Malhotra highlighted concerns regarding emerging cyber threats from artificial intelligence in banking systems. Measures are being implemented by banks and the RBI to secure IT infrastructure against these risks. The State Bank of India acknowledged potential data exposure, prompting increased vigilance for customer protection. Malhotra expressed confidence in India's robust forex reserves and external sector resilience amid these challenges.
What kind of AI economy does India want to build?
Forex Reserves Fall by $5 Billion to $721 Billion
India's foreign exchange reserves saw a decline of USD 5.011 billion, reaching USD 721.016 billion for the week ending October 16, as reported by the Reserve Bank of India. This marks a continued downward trend from their all-time high in September.
Honeywell Aerospace scouts for more MRO partnerships in India
Companys senior executive cites India as a major sourcing market, with over 100 parts suppliers
Hallmark Christmas movies 2026 ranked: why Holiday Touchdown: A Bears Love Story tops the list
As the holiday season approaches, Hallmark presents an enticing array of Christmas films for 2026. At the forefront is 'Holiday Touchdown: A Bears Love Story', a heartwarming narrative blending football fervor, familial bonds, and romantic intrigue. Next on the list is 'Tis The Season For Setups', where a matchmaking mission leads to charmingly unexpected romances. Concluding the lineup, 'Mr. & Mrs.
JK Tyre to hike prices by 4-5% in Q3 as raw material costs stay elevated
JK Tyre & Industries Ltd intends to raise tyre prices by 4-5% in the current quarter. The company aims to offset higher raw material and container freight costs. This follows previous price increases of 5% and 7% in earlier quarters. The company reported a decline in profit for the July-September quarter amid challenging operating conditions. Rising costs of raw materials continue to impact the company's profit margins going forward.
Indian economy anchored by solid macroeconomic fundamentals and policy interventions: RBI bulletin
West Asia crisis drives oil prices, inflation risks
Indian pharma: Unethical practices, marketing rules under lens; new review body set up
The review comes against the backdrop of the Uniform Code for Pharmaceutical Marketing Practices (UCPMP), which was introduced in 2015 as a voluntary, industry-led mechanism to promote ethical conduct in pharmaceutical marketing and regulate interactions between drug companies and healthcare professionals.
In 2020, Leisa Eckerle Hankins bought Benjamin Twiggs, a cherry store in Michigan, unaware her father had previously invested in it. Growing up amidst cherry farms, she often helped her family harvest cherries. Now, her whole family is engaged in the cherry business, overseeing 257 acres and 20,000 trees. The store sells various cherry goods, from sodas to jams, while Leisa champions sustainable practices to uplift local farmers.
RBI governor backs Tata Sons classification
New Delhi: RBI Governor Sanjay Malhotra on Friday justified the classification of Tata Sons as an upper-layer NBFC, saying that any large NBFCs or core investment companies that handle public funds or leverage a group's balance sheet need to be registered with the central bank and follow the requisite listing norms.Large NBFCs and core investment companies (CIC) like Tata Sons and others are required to be registered with the RBI because of the systemic risks, because they sit on top of group companies where they leverage funds and they use the balance sheets of the group companies to return those funds, he said at the NDTV World Summit.So, the funds of the public, whether it is through corporate bonds, banks and other means, that is at risk...so, it is for these reasons that these CICs, or NBFCs, are required to be registered, he said.CICs that do not have direct or indirect access to public funds are exempt from the registration requirement, he said.As long as it is an NBFC within our definition, it is a CIC, it has access to funds, direct or indirect, it's required to be registered, and if it is in the upper layer, then it is required to list, he said.Last month, the RBI rejected Tata Sons' application to surrender its non-banking finance company (NBFC) licence, which will force a public listing of the holding company of the salt-to-software conglomerate Tata Group.This makes a public listing of Tata Sons imminent as it qualifies as an upper layer NBFC, which must mandatorily list on the stock exchanges.Tata Sons was placed in the upper layer in September 2022. It had applied in March 2024 to surrender its registration, and had repaid its debt in an effort to qualify for deregistration.The Tata Sons board has since moved ahead with steps linked to a possible public listing, while saying it will examine other options amid a deepening row within the conglomerate.Malhotra reaffirmed the central bank's primary objective is maintaining price stability with inflation targeting while supporting long-term economic growth.India's strong macroeconomic fundamentals continue to support economic activity, with high-frequency indicators pointing to resilient growth across sectors, he said.Inflation targeting remains a priority, along with growth, he said, adding that the RBI is committed to maintaining price stability while supporting the economy.He pointed to indicators such as cement and steel sales, credit growth, tax collections and automobile sales as evidence that economic momentum remains intact.According to the RBI governor, growth is broad-based, with activity holding up across several segments of the economy.The governor also said inflation remains within the RBI's tolerance band, although supply-side pressures, particularly from food and fuel, continue to pose challenges to the inflation outlook.He referred to an average inflation projection of 5.1 per cent for the current year, attributing the outlook to supply-side factors.On the rupee, Malhotra said the central bank is not targeting any particular exchange-rate level.Instead, he said, the RBI's focus is on ensuring orderly conditions in the foreign exchange market and managing volatility rather than defending a specific currency value.
IBM India leases 2.83 lakh sq ft office space in Bengaluru for 10 years
IBM India has leased an extensive office space at Radon tower in Bagmane Solarium City. The lease agreement spans over a decade, with estimated costs totaling Rs 522 crore. IBM will pay a monthly base rent of Rs 2.49 crore, subject to a 15% escalation every three years. Additionally, the company will incur fit-out costs over five years, approximately amounting to Rs 179 crore.
Income Tax Form 141 covers property sales, rent, contractor payments and more: Details here
Form 141 is intended to streamline TDS reporting and payment for transactions involving immovable property, rent, payments to contractors or professionals, and transfers of virtual digital assets (VDAs).
RBI revises bank leverage ratio norms, new framework effective April 2027
The RBI has revised leverage ratio norms for banks, setting minimum requirements of 4 per cent for D-SIBs and 3.5 per cent for others, with new rules effective April 1, 2027
Indias warehouse leasing rises 26% as auto demand jumps 70%, institutional deals gather pace
Automobile manufacturers and logistics operators are driving Indias warehouse expansion as institutional investors pursue large property portfolios.
Data suggests broad-based increase in food prices: RBI Bulletin
Inflation in rural areas was found to be higher than in urban areas; headline CPIinflation edged up over the months and showed signsof greater generalisation across commodities
In Sean Hepburn Ferrer's biography, we delve into the intriguing personal life and dietary habits of his mother Audrey Hepburn. Known for her advocacy of balance, she embraced a diverse diet including boiled eggs, pasta, and her favorite chocolate desserts. To maintain her health, she enjoyed brisk morning walks and celebrated her natural beauty, proudly rejecting fad diets in favor of a wholesome lifestyle that honored her age.
Questions raised over RBI policy after Rs 2.5 lakh crore liquidity infusion
In its report, SBI said the RBI had consistently signalled its commitment to monetary tightening through its policy resolution, the Governors statement and the minutes of the Monetary Policy Committee (MPC). The liquidity infusion through repo auctions, however, appeared difficult to reconcile with this approach.
Govt bonds log worst losing streak in 30 years as crude, US yields rise
Indian government bond yields rose for a tenth straight week as elevated crude prices and US yields weighed on sentiment, while forex reserves fell $65 billion over six weeks
Aditya Birla Real Estate eyes Rs 1,650 cr revenue from new project in Pune
Aditya Birla Real Estate Ltd has announced plans to develop a housing project in Pune. This initiative will generate an estimated revenue of Rs 1,650 crore through a Joint Development Agreement. The project, located in Hinjewadi, spans 5.62 acres and features a total saleable area of approximately 1.25 million sq ft. Birla Estates, a subsidiary of Aditya Birla Real Estate, will oversee the project development.
RBI's net dollar purchases hit record $43.26 billion in August: Bulletin
The RBI's net dollar purchases more than doubled to $43.26 billion in August, while its outstanding net short position in the forward market climbed to a record $200.06 billion
Couple turned first-date chilli oil into a business
Melania Trump brokers Russia-Ukraine ceasefire
Goa rationalises aviation turbine fuel VAT to 7% from October 24, IndiGo welcomes move
Goa's government has announced a 7% value-added tax on aviation turbine fuel, starting in October 2026. IndiGo has expressed support for this decision, encouraging other states to implement similar strategies. The airline believes this change will enhance air connectivity and support Goa's tourism industry. The notification alters the existing VAT rate under the Goa Value Added Tax Act of 2005.
A division bench of Justices Rana Vikram Singh and Bibek Chaudhuri passed the order on October 9. Along with upholding the divorce, the court directed the husband to pay his estranged wife 36.25 lakh as permanent alimony.
Focused mutual funds hold up to 30 stocks but typically benchmark against the Nifty 500 TRI or BSE 500 TRI. Experts explain why this comparison can mislead investors, whether style-based benchmarks are needed, and how to assess returns, downside risk and stock selection.
Gen Z Poised To Lead AI And Green Tech Revolution
Telangana IT Minister D Sridhar Babu stated that Gen Z will be the driving force behind the next wave of AI and green innovation. He urged young innovators to use their skills to solve real-world challenges, particularly in sustainability. The launch of the Green Skills and Applied AI Centre of Excellence in Hyderabad, a partnership between Telangana's IT Ministry, Microsoft, 1M1B, and MeitY Startup Hub, aims to equip graduates with industry-relevant skills in AI, green pharma, solar energy, EVs, and wind energy, with 100 job offers already announced.
PLFS set for fresh overhaul, govt seeks public & expert opinion on upcoming new things
The National Statistics Office (NSO), which has conducted the PLFS since 2017, plans to introduce the modifications from January 2027, when fresh samples for the 2027-2028 two-year period, designated Panel 6, will be drawn using an updated sampling frame.
Satellite lights, Google searches cut state growth estimation errors by up to 62%: RBI study
RBI study indicates that combining night-time light data with Google search trends can improve state economic growth estimates. Researchers tested their model in Gujarat, Maharashtra, and Karnataka, showing significant reductions in forecasting errors. This framework could help provide timely economic insights, as state data is often delayed. Night-time illumination proved to be a strong predictor of Gross State Value Added growth.
PLFS to expand coverage of platform workers and unpaid work from January
The NSO plans a separate sampling stratum for digital platform workers and new questions on unpaid household work, caregiving and labour underutilisation in the PLFS from 2027
Siddarth Nandyala was just 14 when he decided to make a grand invention, one that can save lives. His app, the Circadian AI, can detect heart abnormalities within just seven seconds. During trials in India, the app detected more than 40 people with possible heart diseases.
India targets 30 million tonnes fish production in next 5 years: Fisheries Secretary
Seafood exports seen rising to 1.25 lakh crore; National Plan of Action for small-scale inland fisheries launched
Inflation stays high, growth slows, central bankers face a bigger challenge, says RBI Guv Malhotra
RBI Governor Sanjay Malhotra highlighted the challenges faced by central banks due to global uncertainties and supply chain issues. He noted the elevated global inflation and lower growth forecasts impacting monetary policy decisions worldwide. India entered this phase with strong macroeconomic fundamentals, maintaining growth at 7.8% despite rising inflation levels. The RBI's goal remains to achieve price stability while ensuring financial market order and health.
India eyes 30 million tonnes fish output in 5 years, seafood exports of Rs 1.25 lakh crore
India has initiated a national action plan for inland small-scale fisheries to increase fish production. The plan aims to achieve a target of 30 million tonnes over the next five years. It will focus on improving livelihoods and sustainability amid climate change challenges. Stakeholder consultations will be conducted to finalise the plan, which covers diverse aquatic ecosystems.
Food Processing Minister Chirag Paswan suggests India to shift from volume to value in rice
Focus must shift to processing, quality, branding, traceability, sustainability and value addition, says the Food Processing Industries Minister
Banks see 5.19 lakh crore deposit outflow, credit shrinks 2.52 lakh crore
Kolkata's banking sector faced a Rs 5.19 lakh crore withdrawal of deposits in the fortnight ending October 15. Credit outstanding also contracted by Rs 2.52 lakh crore during the same period. Consequently, credit growth decreased to 18.2% from 19.4% in the prior fortnight. Meanwhile, deposit growth recorded a decline to 16.7% compared to 17.8%. The overall outstanding deposits reached Rs 278.76 lakh crore and outstanding credit was Rs 227.
Navi Mumbai airport adds nine domestic destinations
The airport spokesperson said the new routes will improve access to important regional markets
Is H3 podcast over? Here's what to know
Chennai-bound IndiGo flight returns to bay at Delhi airport after threat message
An IndiGo flight from Delhi to Chennai received a threat message before takeoff and returned to the bay. The Air Traffic Controller received a call alerting them about the threat concerning flight 6E 6091. A message was discovered in a lavatory instructing not to fly the aircraft. Following protocol, the plane was taken to an isolation bay for safety checks.
The Income-tax Act, 2025, effective April 1, 2026, introduces Form 141 to consolidate four TDS forms. Applicable from Tax Year 202627, it covers specified property purchases, rent, contractor and professional payments, and virtual digital asset transfers. Here are the thresholds and filing rules.
Avoid the online jewelry screenshot illusion: learn how to verify solid 14K gold, differentiate diamond types, and check material specs before you buy.
IIIT-Bangalore, Polands AGH University sign MoU for academic, research collaboration
The agreement covers joint research activities, development of academic programmes, exchange of academic materials and mobility opportunities for faculty members and students.
In a significant environmental initiative, New Jersey's Bureau of Marine Fisheries has installed approximately 6,000 tons of concrete reef structures as part of the Maher Terminals Reef project, located two miles offshore. While these artificial reefs are designed to bolster marine habitats, scientists continue to debate their effect on local fish populations. Continuous monitoring is essential to understand the ecological implications and ensure optimal marine management practices.
Ariana Grande revealed her chic jaw-length bob on October 22, 2026, a bold move in the beauty scene. Similarly, Billie Eilish showcased her new shorter locks, underscoring a celebrity hair trend this fall. The bob haircut's adaptability makes it a popular choice suitable for diverse hair textures and face shapes, proving its timeless appeal as it merges classic elegance with contemporary flair.
Indian economy anchored by solid macroeconomic fundamentals, policy interventions: RBI Bulletin
Digital Desk | New Delhi, Oct 23 (IANS) Navigating the global uncertainty, the Indian economy has been anchored by solid macroeconomic fundamentals and policy interventions to cushion downside risks, the Reserve Bank of India (RBI) said in its October 2026 issue of its monthly Bulletin on Friday, adding that the domestic economy continues to demonstrate strength as evidenced by high-frequency indicators across both industry and services. Despite being a net energy importer, GDP growth has been supported by sustained domestic demand and services. Headline CPI inflation edged up over the months and showed signs of greater generalisation across commodities, calling for a commensurate change in the monetary policy stance. The external headwinds are also being dealt with a slew of regulatory measures by the Reserve Bank to curb speculative activity in the foreign exchange market, the RBI Bulletin stressed. Strong inflows under the FCNR (B) swap window augmented reserves, while FDI, ECB, and remittance flows strengthened in August. With strong export growth, the trade deficit narrowed in September, it added. According to the monthly document, the headline Consumer Price Index (CPI) inflation edged up in September, driven by a broad-based increase in food, fuel, and core components. Double-digit growth in merchandise exports during the first six months of 2026-27 helped in narrowing the trade deficit. FDI, ECB, and remittance flows strengthened in August. Strong inflows under the FCNR(B) swap window augmented reserves, it said. On the supply side, manufacturing grew at a robust pace, while services activity strengthened further on the back of buoyant domestic and external demand. The kharif sowing concluded with total acreage above its normal level amidst a deficient and uneven southwest monsoon. After a depreciating bias till early October, the Indian rupee gained following the Reserve Banks measures to curb speculative activity in the forex market, said the Bulletin. External commercial borrowing (ECB) activity strengthened during April-August 2026, with both registrations and net inflows marking an improvement over the previous year. External sector vulnerability indicators remained contained, supported by adequate foreign exchange reserves, it added. The Indian economy has withstood the shocks well. The IMF raised Indias growth projection for 2026-27 by 60 basis points (bps) to 7.0 per cent, from its July estimate, citing stronger-than-expected momentum, driven by resilient domestic demand and robust services activity.
RBI tightens leverage ratio rules, keeps minimum capital thresholds unchanged
The RBI has tightened how banks calculate leverage by widening the measurement of derivatives, repo transactions and off-balance-sheet exposures, while retaining the minimum ratios at 4% for systemically important banks and 3.5% for others. The norms, effective April 1, 2027, also strengthen disclosure requirements and restrict the use of collateral and netting to reduce reported exposures.
Oil prices extend rally to near six-month high amid Houthi attacks on Saudi Arabia
Brent crude futures touched an intraday high of $114.94 a barrel on Friday after Houthi attacks on Saudi Arabias civilian and energy infrastructure, with Indias crude basket averaging $120.08 so far this month; Adani Total Gas raised CNG prices by 4.45 per kg
Oil prices extend rally to near six-month high amid Houthi attacks on Saudi Arabia
Brent crude futures touched an intraday high of $114.94 a barrel on Friday after Houthi attacks on Saudi Arabias civilian and energy infrastructure, with Indias crude basket averaging $120.08 so far this month; Adani Total Gas raised CNG prices by 4.45 per kg
Adani Power CEO puts Q2 numbers in perspective, gives a peek into the road ahead
Adani Power CEO Khyalia said that the company remained focused on delivering reliable, high-quality electricity on schedule to meet Indias rising baseload requirements. Indias growing appetite for electricity is strengthening the case for thermal power, he added.
In the upcoming film Silaa, Harshvardhan Rane takes center stage as Virat, navigating love and danger in a gripping romance drama. Directed by Omung Kumar, this film promises a blend of intense emotions and exhilarating action. The first-look poster has already unveiled Rane's character, set against the exotic backdrops of Kashmir and Vietnam. Co-starring Sadia Khateeb, Silaa is anticipated to hit theaters on February 5, 2027.
Senior citizens can earn up to 8.5% interest on fixed deposits in October 2026. Small finance banks offer the highest rates, followed by private and public sector banks. Here is a comparison of top FD rates across banks for 1-year, 3-year, and 5-year tenures.
Ellen DeGeneres has successfully sold a glamorous mansion that was formerly owned by Adam Levine, turning a significant profit. Levine acquired the property for $33.9 million and upgraded it before passing it on to DeGeneres. After just under two years, she listed the estate for $53.5 million, eventually selling it for $47 million.
Vaishnaw outlines India's new chip road map
India is aiming to move from 28-nanometre chip manufacturing to 3-nanometre technology by 2035, Union minister Ashwini Vaishnaw said as he outlined the countrys roadmap to build a competitive semiconductor ecosystem.Speaking at the NDTV World Summit on October 23, the minister laid out a roadmap that prioritises large-volume production, domestic design capabilities and a wider semiconductor supply chain.Vaishnaw said Indias semiconductor ambitions rest on a clear sequence: establish a foothold in high-volume chip manufacturing, develop domestic design capabilities and progressively move towards advanced technologiesAddressing concerns that India risks entering the industry with outdated technology, Vaishnaw said the strategy prioritises the segment where manufacturing dependence is most consequential. Around 75% of chips used across products, from refrigerators and automobiles to mobile phones, fall within the 28-nanometre to 19-nanometre range, he said.Also read | Apples iPhone Duo: A foldable leap with a few creases to iron outAlthough these legacy nodes command less value and involve lower complexity than advanced chips, they account for substantial volumes. Vaishnaw warned that manufacturing capacity in this segment was becoming concentrated in one country, creating a supply-chain vulnerability.Indias decision to begin with a 28-nanometre fabrication plant is intended to address this dependence and establish the country as a reliable manufacturing partner. The Tata project at Tolera is progressing well, he said. The roadmap envisages India producing 5-nanometre and 3-nanometre chips by 2035, with a progression from 28 nanometres to 14 nanometres and then to 5 nanometres.Vaishnaw said the first semiconductor mission had set a modest benchmark of three plants because of the complexity involved. India now has 15 plants, he said, while five have already started commercial production since the journey began in January 2022. A sixth is expected to be inaugurated shortly, and the 12 plants under the first mission are expected to be completed soon.Indian-made chips are already being exported to Japan, the US and Europe, reflecting the quality and reliability achieved so far, he said.Also read | India smartphone shipments fall to decadal low as prices squeeze demandThe second phase, Semicon 2.0, will place greater emphasis on building the ecosystem around fabrication plants and assembly, testing, marking and packaging (ATMP) facilities. Design will be its foremost priority, alongside materials and equipment.Vaishnaw said India would consider attracting at least three manufacturers of sophisticated semiconductor equipment to establish manufacturing and design operations in the country a measure of success. Bringing five manufacturers of highly pure chemicals and gases to India is another target. The initiative also aims to expand the pipeline of deep-tech startups capable of securing venture capital funding from around 20 under the first phase to 200.India already accounts for 20% of the worlds design engineers, supported by a talent pipeline spanning more than 300 universities, he said.Indian-designed phones on the horizonVaishnaw also outlined a broader ambition to retain intellectual property within India and develop an indigenous mobile phone brand. By October 23, 2028, he expects India to have mobile phones that are designed, manufactured and branded domestically.He cited the development of a locally designed mobile-phone motherboard by an Indian company, whose design was selected by one of the largest US telecom service providers. The company has already manufactured and delivered a 5G-plus phone to customers, demonstrating capabilities developed over three and a half years.Vaishnaw said the longer-term goal was to strengthen Indian ownership of technology and design as electronics becomes one of the countrys leading export sectors.The strategy, he noted, will be judged not merely by the number of semiconductor plants established, but by whether India develops the equipment suppliers, materials manufacturers, startups and design expertise needed to sustain the industry.
West Asia tensions, Puja holidays drag Kochi tea auction prices lower
A subdued response from overseas and upcountry buyers pulled down the average price realisation by around 6 per kg
JSW Steel and Japan's JFE to add 5 MT steel capacity at Odisha JV plant with Rs 7,500 cr investment
JSW Steel and JFE Steel have entered into a mutual agreement to enhance their joint venture steel initiative in Odisha. With a notable investment of Rs 7,500 crore from both parties, this ambitious project targets an increased production capacity of 9.5 million tonnes by FY31. In addition, further investments will support improvements in other steel and mining activities, reinforcing their competitive edge and significantly upgrading their product range.
RBI issues final leverage ratio rules for banks
Despite global tensions, Indias business sentiment rebounds in Q2 FY27: NCAER
India's Business Confidence Index has risen to 107.8 in the second quarter of this fiscal year. The survey included 502 companies across six major cities, reflecting both large firms and MSMEs. All four key parameters evaluated by the index showed gains when compared to the previous quarter. NCAER indicated that confidence improved in expectations of economic conditions and financial health.
Anant Ambani owns a distinctive watch collection valued around Rs 200 crore. The collection includes several prestigious brands such as Patek Philippe and Richard Mille. Notable pieces include the Patek Philippe Grandmaster Chime and the Richard Mille RM 56-01 Green Sapphire. Each watch showcases intricate craftsmanship and advanced technology, appealing to collectors worldwide. Ambani's collection symbolizes the intersection of luxury, innovation, and artistry in modern timepieces.
India To Create 35 Crore Jobs By 2030
India's manufacturing and services sectors are set to create over 35 crore new jobs by 2030, necessitating urgent skilling and industry-academia collaboration. Key sectors like automotive, logistics, telecom, clean energy, and textiles will drive this growth, highlighting the need for competency-driven learning to prepare the workforce.
ICICI Bank, Indian Bank increase FD interest rates
India's forex reserves decline $5 billion to $721 billion: RBI data
India's forex reserves dropped by USD 5.011 billion to USD 721.016 billion during the week ended October 16, the Reserve Bank of India said on Friday. In the previous reporting week, the kitty declined by USD 8.578 billion to USD 726.027 billion. The reserves touched an all-time high of USD 785.706 billion for the week ended September 4, driven by heavy greenback inflow as part of a special concessional swap for deposits from the diaspora through which banks raised a record nearly USD 133 billion but have been on a declining trend ever since. Experts attribute the sharp decline in the kitty to deployment of FCNR(B) resources and currency defence put up by the RBI through dollar sales. For the week ended October 16, foreign currency assets, a major component of reserves, decreased by USD 5.758 billion to USD 591.847 billion, according to the data released by the Reserve Bank of India (RBI). Expressed in dollar terms, the foreign currency assets include effects of appreciation or ..
Yashasvi Jaiswal, originally from Uttar Pradesh, moved to Mumbai to pursue his cricketing dreams. He now resides in a luxurious 1500 sq feet apartment that is a blend of modern and vintage design. The interior features a deep blue entrance passage and a marble center table that reflects sophistication. Yashasvi's home embodies minimalism with ample natural light and carefully placed art.
Insurance regulation: Reform must strengthen the market, not weaken its foundations
Proposed changes to insurance commissions could reshape distribution, jobs and access to protection. Reform must be backed by evidence of lower costs and better consumer outcomes.
Indias forex reserves fall $5 billion to $721.02 billion as of October 16
India's foreign exchange reserves fell by $5 billion to reach $721.02 billion for the week ending October 16. Previously, reserves declined by $8.578 billion to an amount of $726.027 billion. The decline in reserves reflects ongoing economic conditions impacting forex stability within the country. This trend indicates a continued volatility in India's foreign exchange market and its implications for the economy.
Markets Extend Losses Amid Selling Pressure, Oil Price Surge
Indian benchmark equity indices, Sensex and Nifty, closed lower for the fourth consecutive session, driven by a surge in crude oil prices above USD 114 per barrel due to escalating tensions in West Asia, coupled with broad-based selling and FII outflows.
SBI informs affected customers via email, WhatsApp after data leak; says funds are safe
SBI has informed customers whose personal information was identified in a suspected data leak through email and WhatsApp. The bank said affected customers' account balances and funds remain safe. Of approximately 3.75 lakh records examined on the dark web, 3,897 contained personally identifiable information
Real-time payments explained: How money moves between bank accounts in seconds
Real-time payments allow money to move between bank accounts within seconds, making transactions faster and more convenient for consumers and businesses. In India, systems such as UPI and IMPS enable instant transfers, while RTGS processes high-value payments in real time. Here is how these systems work, the technology that powers them, their benefits for businesses and customers, and the security challenges.
Centre to create 1 lakh soil health entrepreneurs, draft policy ready, says ICAR DG Jat
Weve been discussing with a range of stakeholders over past one year to launch the Bharat Soil Health Policy. A draft is ready. We did a lot of regional consultations as well, Jat said
Karnataka flour mills seek higher wheat allocation under OMSS
Karnataka received only 6,000 tonnes in the October 21 auction, meeting about 17 per cent of the association members estimated weekly requirement of 34,600 tonnes
Infosys Q2 net profit up 6.2% to Rs 7,823 crore
Indian IT major Infosys announced a 6.2 per cent increase in its consolidated net profit, reaching Rs 7,823 crore for the second quarter ending September 30, alongside a 10.2 per cent growth in revenue from operations.
After her belongings were delayed, damaged and partly lost during a Delhi-to-Nagaland move, Longchar sought compensation. The consumer commission held the movers deficient in service and rejected Urban Companys claim that it was merely an intermediary.
Smartphone Market in India Hits Decadal Low, Samsung Tops Q3 2026
India's smartphone market experienced a significant 20 per cent year-over-year decline in the third quarter of 2026, reaching its lowest level in a decade, primarily due to soaring memory chip prices that increased device costs. Samsung reclaimed the top position with a 17 per cent market share, while Chinese brands saw a decline in supplies.
Bharat Biotech slashes price of malaria vaccine MOSQIVAC by 40%
Bharat Biotech said the move will help protect another 1 million children and generate $50 million in savings.
The beloved actor Tom Skerritt has sadly passed away at the age of 93 due to natural causes. His family shared that he was not only a warm and humorous person but also a wellspring of wisdom. He famously stated he never considered retirement and lived without regrets, urging others to embrace each day and to savor life.
RBI's 2.5 trillion liquidity infusion sends mixed signals: SBI Research
SBI Research says the RBI's 2.5 trillion liquidity injection amid calibrated monetary tightening sends contradictory signals and could complicate monetary policy transmission
India's general insurance industry to see modest growth in FY27 amid pricing pressures: Report
Strong retail health demand and motor OD gains offset by crop and fire declines; pricing pressures persist in motor segment
Flexi workspace cos expand solar capacity
Large and listed managed workspace providers are scaling up their green energy efforts by launching their own solar farms in addition to installing rooftop solar panels nationwide.IndiQube has more than 30 megawatt of operational solar capacity and is targeting nearly 30 MW of additional capacity in this financial year, while Table Space has invested in captive solar capacity of about 3.8 MWp across Karnataka and Maharashtra.WeWork India plans to develop a 10 MWp (DC) ground-mounted solar power plant in Karnataka, part of its goal to transition towards 100% renewable electricity by March 2028.Our near-term ambition is to transition the IndiQube portfolio to 100% green power, with renewable capacity growing alongside our workplace footprint. We see solar investment and green building transformation as complementary: improve how efficiently a building operates while changing the source of the energy it consumes, said Rishi Das, co-founder and CEO of IndiQube.Managed space platforms have a natural advantage, as they can aggregate energy demand across both centres and customers. This creates the necessary scale to move from individual rooftop installations to larger solar farms, making green power accessible to enterprises without the need for each one to build its own infrastructure.A majority of our centres are located in leased buildings, and rooftop solar alone cannot meet the power requirements of a large office campus, said Table Space president and co-CEO Kumal Mehra. Our recent investment in captive solar is structured to create additionality in the market. Under this model, we take an equity stake in an off-site solar project and receive its power through open access. Where roof space permits, we supplement this with on-site solar, and we also use renewable energy certificates.As of March 31, Table Spaces portfolio spans 11.46 million sq ft across 176 facilities and 84 centres in nine cities, and many of its enterprise clients have made their own net-zero commitments. They increasingly expect the workspaces they occupy to be powered by clean energy.The WeWork India plant is targeted for commissioning in this financial year and is expected to generate about 15-16 million units of clean electricity annually. Once operational, it is expected to increase the share of renewable electricity across the companys portfolio to about 50% from nearly 40% at present.Nearly 80% of the plants output will support WeWork Indias operations, including 10 centres in Bengaluru. The remaining 20% of the plants output will be used for its future growth.Bengaluru is our largest market, making it the natural starting point for an investment of this scale. As we grow, we want a greater share of that growth to be powered by clean energy, but we also want sustainability to make strong business sense, WeWork India managing director and CEO Karan Virwani said earlier. Building our own renewable generation capacity allows us to do both - reduce the carbon footprint of our operations while creating greater certainty over energy costs for the next 25 years.IndiQubes operational footprint includes solar farms in Karnataka and Maharashtra, alongside more than 25 rooftop installations across the country. An upcoming solar farm in Tamil Nadu will extend this footprint further. Our next step is to take the same thinking from managed spaces into managed green power. What began as solving our own requirement has become an opportunity to help other enterprises make the same transition, Das said.Table Space, in partnership with Clean Max and AMPYR Energy, is expected to deliver more than 5 million units of renewable energy annually and avoid about 3,500 tonnes of emissions each year.These long-term investments can help us have greater predictability in energy costs and are expected to double the share of renewable energy in Table Spaces energy mix. These initiatives support our net-zero commitment and our commitment to set science-based targets through the Science Based Targets initiative, said Mehra.
Owaisi preaching in UP what he never practised at home, alleges Congres leader
Congress leader Mohammad Waliullah Sameer has openly criticized Asaduddin Owaisi's political assertions in Uttar Pradesh. He highlighted the AIMIM president's failure to nurture new Muslim leaders within Telangana, pointing out that AIMIM contested a mere nine constituencies out of 119 in the latest elections. Sameer argues that political dominance remains unchallenged, with many Muslims still facing significant difficulties in representation.
Mallika Sherawat's Los Angeles bungalow is a stunning blend of rustic charm and contemporary luxury. It features a beautifully designed kitchen with European accents, an open-plan living space, and multiple swimming pools set amidst lush greenery, creating a serene retreat. Vintage-inspired furniture adds character, while a dedicated gym supports her fitness goals. For socializing, a quaint cottage in the backyard offers a comfortable setting for gatherings with friends.
American passenger-only ferries play a crucial role in alleviating traffic congestion and offering a unique commuting option in urban areas. Despite their popularity, many ferry services, like NYC Ferry, face significant financial hurdles, requiring substantial subsidies to stay afloat. This raises ongoing discussions about the balance between providing essential transport alternatives for the public and the sustainability of municipal funding in the face of high operational expenses.
This state government has raised the Dearness Allowance (DA) from 45% to 50% for eligible employees. The additional DA will be paid with the October 2026 salary in November, while arrears from July 2023 and January 2024 to September 2026 will be paid separately as prescribed.
Govt sets rules for Rs 84,084-cr offshore oil hunt, will share deepwater drilling risk
The Indian government will implement the Samudra Manthan scheme to encourage deepwater oil and gas exploration. Funding will cover part of the drilling costs for exploratory wells to enhance oil reserves. The initiative aims to reduce dependence on imported hydrocarbons while stimulating investment in offshore basins. Shared infrastructure support will also aid in connecting small discoveries for production.
