21 C 
For global trades sake, hope our US deal is inked soon: FM Nirmala Sitharaman
Nirmala Sitharaman expressed optimism regarding the speedy conclusion of the India-US trade agreement during her recent interaction. She highlighted challenges in trade relations with China due to non-tariff barriers causing problems for Indian exporters. The Finance Minister advocated for promoting rupee-denominated trade settlements to assist nations experiencing hard currency shortages. Sitharaman emphasized the importance of public investment in infrastructure to bolster economic growth despite global disruptions.
Apple is cutting production of the standard iPhone 17 for the Indian market following a more than 20% price increase, as demand weakens despite strong overseas sales. The company plans to redirect capacity towards exports, while demand for iPhone 17 Pro and iPhone 18 Pro models remains firm. Rising component costs, a weaker rupee and higher prices have prompted some Indian consumers to defer purchases or consider older and refurbished iPhones.
US stocks: US market ends down sharply; worries about AI trade and high oil prices weigh
Wall Street ended sharply lower on Friday, with CoreWeave, Broadcom and other AI-related technology stocks under renewed pressure, while a jump in oil prices spooked traders heading into the weekend.The Nasdaq extended losses from earlier in the week, hammered by concerns that debt-laden AI infrastructure companies may not turn profits in time to repay debts, particularly with borrowing costs expected to rise.Nvidia-backed CoreWeave slumped, also adding to recent losses. The data center operator's bonds sold off sharply this week, pushing yields above 15%.Broadcom fell and the PHLX chip index fell for an eighth straight day.Investors on Friday were also watching oil prices jump more than 3% due to Middle East supply worries.There is some fear in the market, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management in Seattle. High oil prices, in particular, tend to weigh on the price/earnings multiple of stocks, and so I think you have investors looking to be cautious into the weekend rather than take more risk.Adding to concerns around AI financing, some current Anthropic investors and prospective investors are weighing a lower valuation for the company in its upcoming IPO, Reuters reported, citing people familiar with the matter.According to preliminary data, the S&P 500 lost 85.44 points, or 1.10%, to end at 7,658.62 points, while the Nasdaq Composite lost 572.99 points, or 2.15%, to 26,137.85. The Dow Jones Industrial Average fell 189.01 points, or 0.36%, to 51,990.05.Third-quarter earnings season shifts into gear next week with reports from Tesla, Meta Platforms and Procter & Gamble. Analysts on average see quarterly earnings surging more than 30%, driven by AI-related megacaps, according to LSEG data.While the S&P 500 remains up about 12% in 2025, most of that gain has come from AI-related tech stocks, and the index's median component has climbed only about 6%, year to date. About 185 S&P 500 stocks have lost ground in 2025.Hotter-than-expected consumer and producer inflation reports this week showed price pressures were extending beyond energy commodities.Federal Reserve Chair Kevin Warsh on Friday voiced optimism about US economic strength and surprise about how well global economies have been hanging in there during a lingering energy shock and tighter monetary policy to fight inflation.Markets increasingly expect the Fed to keep interest rates unchanged this month. Barclays now expects 25-basis-point hikes each in December and January.Tesla dropped after the electric-vehicle maker unveiled a redesigned Roadster, powered by rocket-style thrusters, developed in collaboration with SpaceX.Netflix appointed former Disney executive Peter Rice as chief content officer on Thursday. Its shares dipped.
Reliance Industries welcomes Starlink competition while urging compliance with Indian laws
Reliance Industries expressed its openness to competition within India's satellite communications market. The company welcomed Starlinks entry while emphasizing the need for compliance with Indian regulations. Reliance stated that its satellite services are awaiting necessary government approvals for operations. Elon Musk claimed that oligarchs are blocking Starlink's entry into India, which Reliance addressed in its statement. Other satellite operators also continue to seek Indian government clearances to start their services.
The Foreign Exchange Dealers' Association of India (FEDAI) has directed banks not to convert foreign currency remittances into rupees without specific instructions from the sender or beneficiary. The move follows concerns that intermediary banks were converting dollars at unfavourable exchange rates, leaving small exporters and individuals receiving overseas payments with less money. Banks have also been asked to ensure transparent forex service charges and disclose currency conversion rates on their websites.
British actress Esther McGregor and German actor Emilio Sakraya have been cast to portray Violet Sorrengail and Xaden Riorson. In the narrative, Violet's mother, a powerful military general, forces her to abandon her dream of becoming a scribe and join as a dragon rider at Basgiath War College.
HSBC has deployed more than half of its $1 billion loan commitment to Indian startups within a year of launching its innovation banking platform. The British lender has reported strong demand across consumer technology, e-commerce and enterprise software, and is open to increasing its funding allocation. HSBC Global Head of Innovation Banking David Sabow said the bank expects to add at least 500 clients in India over the next year.
NITI Aayog explores policies to boost India's medical and dental device manufacturing industry
NITI Aayog is exploring policy measures to improve the manufacturing capabilities of medical and dental devices in India. The meeting included domestic manufacturers, government officials, and experts from IIT Delhi and IIT Mumbai. Key challenges such as regulatory hurdles and cost disadvantages faced by Indian manufacturers were discussed extensively. The industry body AiMeD emphasized the need for simpler regulations and financial support for local manufacturers.
Government approves Rs 1,195 crore for ITI cluster modernisation
With these approvals, the cumulative investment approved under the scheme has reached 3,687 crore to date to help transform ITIs into modern, industry-aligned and future-ready skill institutions.
Niti Aayog vice-chairman Ashok Lahiri stressed the need for rapid economic reforms and structural changes to help India become a developed nation by 2047. Technological progress is needed to compete with the rest of the world, he said.
Indias 1,200-tonne gold refining industry could unlock new export opportunities through GIFT City, Gujarat, following the introduction of responsible sourcing and audit guidelines by the International Financial Services Centres Authority (IFSCA). The framework sets standards for refiners seeking Good Delivery accreditation to trade gold through the India International Bullion Exchange (IIBX). The move aims to strengthen global confidence in Indian-refined gold through supply chain transparency, independent audits and stricter compliance requirements.
Peak power demand exceeds 250 GW through most of September
India's power sector planner recently said the country will require additional base load through conventional sources such as thermal power plants to meet the strong demand, along with renewable energy sources. Power consumption in September rose around 11% driven by cooling and irrigation requirements amid below-normal monsoon rainfall.
Maharashtras Food and Drug Administration (FDA) has suspended the licences of 25 food establishments and four edible oil and spice manufacturing units during a statewide crackdown on food safety violations. Six Dominos Pizza outlets in Pune division were among those affected. The FDA also seized around 81,330 kg of suspected substandard, adulterated or mislabelled food products worth Rs 1.73 crore from 37 establishments across six divisions. Laboratory tests and further legal action are pending.
'India needs 8-9% growth to become a developed nation by 2047'
India aims to become a $30 trillion economy by 2047, from its current size of around $4 trillion. The country's gross domestic product (GDP) grew 7.8% in the June quarter, exceeding expectations.
Insurance changes positive, give the companies time to adapt: Theodoros Kokkalas, ERGO International
Theodoros Kokkalas, chief operating officer of ERGO International said greater predictability would help insurers make long-term business plans. We make plans, and today making long-term plans is like science fiction in the dynamic environment that we live in, he said. While India's general insurance industry is struggling to bring its combined ratio below 100%, with the industry average at 110-115% and ERGO is targeting a ratio of 80-85%, Kokkalas said there was no standard timeline for a market to reach that level.
Menstrual hygiene a fundamental right: Supreme Court warns states of contempt
The Supreme Court has mandated the central government to provide details on the implementation of menstrual hygiene rights. This ruling emphasises that menstrual hygiene is crucial for Article 21 of the Constitution. The court is apprehensive about the effective execution of this directive in remote areas. Chief secretaries from non-complying states may face contempt proceedings for failing to respond.
India, Canada aim for trade deal before Modi visit
US fiscal 2026 budget deficit rises to $1.99 trillion, largest in 5 years
The US budget deficit for fiscal 2026 rose to $1.99 trillion, driven by increased tariff refunds and spending. Total spending for the year reached a record $7.40 trillion, while total receipts were $5.40 trillion. Net tariff receipts fell significantly, contributing to the deficit increase as refunds reached $145 billion. The debt-service outlays recorded a new high of $1.36 trillion during this fiscal year.
VPF allows salaried employees to invest beyond mandatory EPF contributions at the prevailing 8.25% interest rate. Understand the 2.5 lakh tax-free interest limit, tax on excess contributions and withdrawal rules before investing more for retirement.
Tanker attacks: 'All 24 Indian seafarers are safe'
RJ Mitte's mother, Dyna, revealed the painful morning she discovered her son had died by suicide. She had tried to contact him before deciding to bring him lunch. Dyna expressed her regrets about encouraging RJ to seek therapy, which he resisted. His passing has prompted discussions on the importance of acknowledging emotional distress in the community.
White House lists investment over $330 billion in US from India
The White House announced investments of over $330 billion from India as part of total investments. This total is reported as $10.871 trillion from various countries and private industries. Specific investments included $310 billion and $20.5 billion, plus a $15 billion steel plant by Essar Group. US President Donald Trump previously mentioned Reliance Industries' $300 billion investment in Texas.
Ripples from the future: On the Nobel Prize for Economics 2026
The Economics Nobel rewards work that holds lessons for India
A 30% salary hike may look attractive, but tax, commuting and childcare costs can shrink the gain. An illustrative 18 lakh salary scenario shows how a 5.4 lakh raise could leave just 1.74 lakh in extra annual money.
Forex Reserves Drop by $8.58 Billion to $726 Billion
India's foreign exchange reserves experienced a notable decline of USD 8.578 billion, settling at USD 726.027 billion for the week ending October 9, marking a continued downward trend from their September peak.
Leonardo DiCaprio's vision for Blackadore Caye focuses on intertwining luxurious hospitality with environmental recovery. Facing scrutiny over ecological sustainability and the projects scale, the proposal aimed to integrate extensive conservation areas alongside habitat restoration efforts. However, construction delays have cast doubt on its viability, leaving the equilibrium between tourism growth and nature conservation at Blackadore Caye hanging in the balance.
Delhi to ban BS-IV and older commercial goods vehicles from November 1
Gurugram traffic police have asked transporters and operators to check emission standards and registration details before entering Delhi under the new restrictions.
One random, impulsive real estate purchase years ago made Bollywood star Jeetendra one of the wealthiest men in the tinsel town. In an interview, the Himmatwala star said how buying a home from Baiju Bawra star Bharat Bhushan for just over Rs 4 lakh decades ago changed his fortune forever.
RapidCanvas Raises $29 Million In Funding Round
AI-managed services firm RapidCanvas, with a significant employee base in India, announced on Friday that it has raised USD 29 million (approximately Rs 275 crore) in Series B funding. The round was led by Vertex Ventures SEA and India, with participation from Hitachi Ventures and existing investors. The company plans to use the funds to expand its go-to-market teams, partner network, and grow its employee base and engineering teams in India, the US, and Brazil, while also investing in product development.
At just 12 years old, Evan LaBelle discovered his passion for 3D printing, which ultimately led him to establish Autotiv Manufacturing. His company currently boasts an expansive production facility equipped with over 200 3D printers, catering to the aerospace and robotics sectors. Honored as Young Entrepreneur of the Year, LaBelle is celebrated for his innovative contributions and dedication to community.
Conspiracy to destabilise economy: BJP on Tiranga rally
New Delhi: The Bharatiya Janata Party (BJP) on Friday, October 16, came down heavily on the Cockroach Janta Party (CJP)-organised Tiranga rally, calling the staging of protests in New Delhis Connaught Place, a conspiracy to destabilise Indias economy. Addressing a press conference, BJP MP Sudhanshu Trivedi cautioned students of all age groups to be wary Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS .
Nitin Gadkari looks to Japan for roads in India
Tesla Roadster: Elon Musk unveils first flying car with SpaceX rocket thrusters
Three Red-White Cooperative aim to boost South Jakarta's local economy
Indias crude imports rise 7% in September, bill surges 47%
Net spend on oil and gas imports increased about 40% to $13.4 billion.
Karur Vysya Bank targets 18-20% credit growth in FY27, corporate lending capped at 20%
Karur Vysya Bank (KVB) aims for 18-20 percent growth in total advances for the fiscal year 2027. The bank focuses on retail, agriculture, and MSME lending, which constitutes 86 percent of its advances. Though corporate lending will be increased, high-value loans will be capped at 20 percent going forward. Gold loans are expected to see significant growth supported by lower borrowing costs.
Yes Bank weighs next steps after SC upholds verdict on AT-1 bond write-down
Yes Bank is examining the Supreme Court ruling regarding the write-down of Additional Tier-1 bonds. The Supreme Court upheld a prior Bombay High Court decision that quashed the bank's March 2020 action. Following the judgment, the bank is considering its legal options and future steps. The Reserve Bank of India and Yes Bank had previously appealed the High Court's ruling.
The AAIB has released a report following the accident involving VSR Ventures' Learjet 45XR in Mumbai. It noted serious injuries to all eight individuals onboard during the incident. Recommendations were made to the DGCA for pilot training checks and improving emergency protocols. The report highlighted the flight crew's failure to adhere to standard procedures which contributed to the accident.
Festive airfares shoot through the roof, with some domestic tickets touching 35,000
Routes to Bihar and Goa, in particular, have seen dramatic jumps, signaling another round of price pressures as the holiday rush looms.
Qatar to help Lebanon revive economy, rebuild south
Doha: Qatar will help Lebanon revive its struggling economy, including by rehabilitating its crumbling electricity sector and supporting the future reconstruction of the countrys south, the Qatari prime minister said Friday, October 16. Qatar will continue to support the Lebanese army as a national institution that safeguards the countrys security, unity and stability, Qatari Prime Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS .
India sets zero sugar diversion for ethanol in 2026/27 tender
India has instructed oil marketing companies to cease sugar diversion for ethanol production by the year 2026-27. This decision arises amid rising sugar prices and concerns over domestic sugar supply due to poor rainfall. Ethanol from sugarcane juice and other sugar-based feedstocks will not be included in the latest tender. The government aims to boost domestic sugar production and curb oil imports as part of its policies.
MacKenzie Scott has made a significant $15 million donation to the conservation organization Maliasili. This gift aims to enhance community-led conservation efforts throughout Africa, fostering sustainable ecological practices. Maliasili plans to strengthen over 100 African organizations and develop 400 leaders by 2030. Scott's funding will assist in mobilizing additional resources for these partner organizations over time.
From lifespan to healthspan: How Abu Dhabi and India can make prevention practical
New modelling suggests that eliminating modifiable health risks could add 12 years to healthy life expectancy at birth by 2050. Realising even part of this potential will require making prevention part of everyday life.
Varroc Engineering to set up JV with French co Forsee Power to develop battery-pack solutions
Varroc Engineering has announced a joint venture with Forsee Power to develop battery-pack solutions for electric vehicles. The collaboration will begin with battery packs for three-wheelers, with plans to expand into other vehicle segments. Varroc will acquire a 45 percent stake in Forsee Powers Indian subsidiary. This venture aims to combine expertise in battery technology and manufacturing for scalable solutions.
MEA defends Jaishankars Mumbai meetings with Rubio
Ministry says hosting foreign dignitaries in cities outside Delhi has been a practice over the past decade
Nirmala Sitharaman pitches for public, private capital to build financially sustainable cities
Finance Minister Nirmala Sitharaman highlighted the importance of creating sustainably investable cities in India. She proposed a combination of public investment alongside private capital to achieve these goals. Various urban development initiatives have been established to support this approach effectively. The Urban Challenge Fund aims to improve municipal finances and is pivotal for project preparation. Overall, the strategies discussed will enhance urban planning and infrastructure development throughout the country.
Madhya Pradesh tops in paddy residue burning, incidents dip in Haryana, UP
The stubble burning incidents is linked with paddy harvesting, and it varies from year to year due to the transplanting period selection and local weather factors
Slowing demand in the Western world, advancements in AI and the impact of geopolitical shifts on travel and logistics services weigh on the sector
Indian exporters readying consignments for IndiaNew Zealand FTA launch
While New Zealands average tariff is about 1.9%, India expects gains from duty elimination in higher-tariff sectors such as textiles, leather, footwear, automobiles, auto parts and chemicals
Israel eyes Indian leisure, corporate travellers
Over the last week Israels tourism ministry held roadshows in Delhi, Mumbai and Bengaluru showcasing its diverse attractions, shared connections with India and clarifying doubts about its visa procedures
Kothari Industrial gets DGCA certification for KOAIR-10L agricultural spraying drone
The medium-class hexacopter features a 10-litre spray tank and flat-fan nozzles for uniform application of pesticides, fertilisers and plant nutrients
Vodafone Idea appoints Manoj Murali as COO
Hazel Johnson transformed a personal tragedy into a lifelong battle against environmental pollution after losing her husband to lung cancer and witnessing health problems among her seven children. In 1979, she established the People for Community Recovery to demand cleaner air and water in Chicago. She was later recognised a sthe Mother of Environmental Justice Movement.
China says ready to address each other's concerns after Sitharaman flags trade barriers
China said it was ready to work with India to allay its concerns of rising trade imbalance. Finance Minister Nirmala Sitharaman said the trade imbalance was due to China's restrictions in market access to Indian goods and services. She said that India has not resorted to punitive tariffs to reign in large trade imbalances and prefers negotiations despite the process being time-consuming.
China's non-tariff barriers biggest hurdle for Indian exports: Sitharaman
Finance Minister Nirmala Sitharaman says China has denied market access to Indian products despite repeated requests, while calling for a review of India's trade pact with Asean.
Sitharaman pitches rupee mechanism to bridge global forex crunch, trade disruptions
Settlements in rupees could help countries sustain trade despite forex squeezes, while signalling optimism on a new India-US trade accord
Mutual Funds Suspend Fresh Subscriptions in Gold FoFs
Over a dozen mutual fund houses in India have temporarily suspended fresh subscriptions in their gold fund of funds (FoFs) and gold-silver FoFs, a move believed to be influenced by directions from the Securities and Exchange Board of India (Sebi) ahead of the festive season.
India's forex reserves fall for fifth straight week to $726 billion: RBI
Rupee's gains continue, reaching over a one-month high
Tractor retail sales rise 13.7% YoY in September on low base effect
Tractor sales in September 2026, however, declined 12.6% month-on-month amid a late festive calendar and patchy monsoon conditions
Iveco shareholders approve Tata Motors takeover
RBI approves merger of Emirates NBD's India branches with RBL Bank
The Reserve Bank of India has approved the merger of Emirates NBD Bank's Indian branches with RBL Bank. This amalgamation will officially take effect on December 1, 2026, according to the central bank's announcement. Emirates NBD Bank initially opened its first Indian branch in Mumbai in 2017, expanding later to Gurugram and Chennai. The Finance Ministry had previously approved Emirates NBD's acquisition of a significant stake in RBL Bank.
India's GDP to grow 7.1-7.3% in FY27, pvt investment to revive: Deloitte
Deloitte India has raised its FY27 growth forecast from 6.5-6.8 per cent, citing sustained private demand and improving investment conditions, while flagging geopolitical risks.
Canada, India aim to conclude CEPA by year-end; Fairfax deal signals investment momentum
The two countries are seeking to more than double bilateral trade to C$70 billion by 2030, with the proposed CEPA expected to improve market access for businesses on both sides
Gold price, silver rate suffer weekly losses. Check latest gold rate predictions
Gold rate, silver price were up on Friday but both precious metals were jolted by weekly losses.
HLL Lifecare launches eStore to expand direct-to-consumer reach
State-owned company HLL Lifecare launched HLL eStore, a digital platform aimed to expand access to its healthcare and wellness products across the country. The platform would be part of its broader digital transformation strategy, enabling customers, business partners and healthcare institutions to engage with the company through an integrated online marketplace. The eStore also offers medical products and supplies.
Lemon Tree Hotels announces signing of MoU with Omaxe for operating 4,000 keys
Carnation Hotels Private Limited has signed a Memorandum of Understanding with Omaxe Limited for a new hospitality venture. This partnership aims to operate 4,000 keys in key Indian destinations including travel and pilgrimage hotspots. The collaboration focuses on tier-two and tier-three cities to meet growing accommodation demands. Both companies bring extensive expertise in real estate development and hotel management.
National highway projects awarded rise 62.9% during April-Sept: MoSPI
National highway projects awarded experienced a 62.9% increase in distance during the April-September period. Electronic toll collection transactions also rose significantly, indicating increased digital use. Air cargo movement increased by 12%, and foreign tourist arrivals grew as well. The telecommunications sector expanded, adding over 29,000 kilometers of optical fiber cable. Overall, performance indicators across multiple infrastructure sectors have shown positive trends in FY27.
Govt issues notification on PM CARES scholarship, spells out rules for children without Aadhaar
The government has notified Aadhaar verification rules for PM CARES for Children scholarship beneficiaries. Children cannot be denied benefits solely because authentication fails or they lack Aadhaar, subject to prescribed alternative identity-verification procedures.
Jaishankar, Rubio to hold talks on Oct 20: MEA
US Secretary of State Marco Rubio to travel to Mumbai and Jamnagar in India from October 17-22
Apple's new foldable iPhone Duo is priced at Rs 2,99,900 in India, making it a premium option. The device features a larger display but compromises on camera specifications and battery life. Users will find a shift from Face ID to Touch ID for authentication, which may require adaptation. Repair costs for the Duo could add to its overall expense with potential high fees.
Diane Wilson, a Texas fisherwoman and a passionate advocate for the environment, has been at the forefront of the battle against plastic pollution instigated by Formosa Plastics. In 2019, she achieved a significant legal victory, securing a settlement that mandated no plastic waste discharge from the companys Point Comfort factory on Texas' Gulf Coast.
GoIs RDI Fund selects C-CAMP as a focused research organisation, commits 500 cr
RDIF was approved by the Union Cabinet on July 1, 2025 and has already supported 22 start-ups through direct project funding of which 2 are C-CAMP portfolio start-ups
Indian Railways has stepped up its crackdown on unauthorised drone operations over railway tracks, stations and other infrastructure, citing safety and security risks. The action follows a Kollam court ruling that fined a man and sentenced him to one day of community service for illegally flying a drone over a railway line. The move could affect vloggers and rail enthusiasts filming trains, bridges, tunnels and scenic routes for social media without the required permissions.
Ayush-related Intellectual Property activity has seen substantial growth, with over 4,000 patent applications from 2014 to 2026. The Ministry of Ayush emphasises the increasing participation of individuals and institutions in this sector. Patent filings peaked post-COVID, reflecting a focus on research and innovation. Natural persons and educational institutions contributed significantly to the total filings and grants. The government continues to foster an enabling environment for traditional knowledge and scientific research.
Elizabeth Holmes documentary out: When and where to watch You Can See Everything
You Can See Everything is a new documentary detailing Elizabeth Holmes' life prior to her imprisonment. The film chronicles the 34 days leading to her federal prison sentence in 2023. Elizabeth Holmes, founder of Theranos, was convicted of fraud against investors and sentenced to over 11 years. The documentary features Holmes and her family, focusing on her story.
Indias foreign exchange reserves declined by nearly $60 billion in six weeks to $726.027 billion as of October 9, from a record high of $785.706 billion on September 4. The fall was largely attributed to the Reserve Bank of Indias intervention to support the rupee amid rising crude oil prices, higher US yields and sustained foreign investor outflows. Foreign currency assets and gold reserves also recorded significant declines during the reporting week.
Studies reveal that the quality of relationships and health behaviours are interlinked, impacting biological ageing processes. Couples typically engage in shared activities that can inadvertently promote unhealthy habits. Nevertheless, a strong relationship may inspire healthier lifestyle decisions. Earlier research has correlated marital happiness with better health and lower death rates, encouraging couples to reflect on their mutual practices for long-term health benefits.
IGX gets PNGRB nod for LNG terminal capacity booking platform
Indian Gas Exchange has received regulatory approval to develop a capacity booking platform for LNG terminals. This platform aims to facilitate easier and more transparent access to terminal capacity for users. The regulator noted that many terminals experience poor capacity utilization currently. By using the platform, market participants can identify and book available regasification capacity efficiently. Contractual negotiations and settlements will still be managed directly between buyers and sellers involved.
India to reach 100 billion dollar of bilateral trade with Russia by 2030: Ambassador Vinay Kumar
India is pursuing negotiations for a Free Trade Agreement with the Eurasian Economic Union to increase exports. Indian Ambassador to Russia Vinay Kumar stated that bilateral trade is projected to reach USD 100 billion by 2030. The current trade turnover is reported at USD 38 billion for the first half of this year. Efforts are underway to diversify India's export basket and improve market access in Russia.
Jio Platforms: Satcom unlikely to scale or compete on price in India
Jio Platforms Limited (JPL) believes satellite broadband services are unlikely to achieve significant scale or compete effectively on price in India's highly connected and affordable market, despite developing its own satellite constellation solutions and flagging it as a potential disruptor.
Why Americans still change clocks twice a year
FSSAI issues notices to BigBasket, Flipkart, Gemini Edibles over misleading claims
The Food Safety and Standards Authority of India issued notices to three companies for misleading health claims. Gemini Edibles & Fats India, as well as e-commerce platforms BigBasket and Flipkart India, were implicated. The claims regarding cholesterol and health benefits of rice bran oil do not comply with regulations. Furthermore, Gemini was found to lack a valid license for e-commerce activities.
India is fastest-growing polymer compound market, expected to grow to USD 16 bn by 2031: Crisil
India is becoming the fastest-growing polymer compound market globally, contributing 13 percent of a USD 75 billion industry. The market is expected to grow significantly, reaching USD 16.5 billion by FY2031. Demand from the automotive and infrastructure sectors is driving this growth, alongside technological advancements in manufacturing. Significant expansion in electricity networks and pipelines is projected to fuel demand further.
India needs 2.6 billion sq ft of healthcare space by 2035, says CBRE
India requires an expansion of its healthcare infrastructure with an additional 2.6 billion sq ft by 2035. This need arises due to an expected demand for nearly 2.9 million more hospital beds nationwide. Current statistics show India has only 1.6 hospital beds per 1,000 people, significantly less than the global average. Certain states face much lower hospital bed density compared to their disease burden, indicating unmet healthcare needs.
India's forex reserves drop by $8.58 billion to $726.03 billion in week ended October 9: RBI
Indias foreign exchange reserves fell by $8.578 billion to $726.027 billion in the week ended October 9, according to data released by the Reserve Bank of India (RBI). The decline followed a $12.952 billion drop in the previous week. Foreign currency assets and gold reserves recorded significant declines, while special drawing rights and Indias reserve position with the IMF also fell.
Ray Dalios All Weather portfolio returned 9.9% annually over 15 years in India, compared with 10.4% for a 60:40 portfolio and 12% for the Nifty 500 TRI. However, it had lower volatility and a smaller peak-to-trough fall, highlighting the trade-off between returns and risk.
Aurum PropTech Q2 income rises 57% to Rs 137 crore
Aurum PropTech announced a 57% increase in total income during the second quarter of FY27. This growth is attributed to improved profitability and the integration of artificial intelligence systems. The adjusted operating margin showed a significant increase, reaching 11.5%, marking a positive trend. Additionally, the company's various platforms reported strong performance and enhanced revenue productivity from AI initiatives.
Trophy gallery, garden balcony, personal gym: Inside Jasprit Bumrahs Rs 3 crore Ahmedabad home
Jasprit Bumrah, the celebrated Indian cricketer, resides with his family in an elegantly Ahmedabad home. This residence features contemporary aesthetics and a dedicated mini-gallery that highlights his cricket achievements and memorabilia. The spacious living area is illuminated by large windows, creating an airy atmosphere. Furthermore, Bumrah has included a personal gym, ensuring he remains fit and healthy, reflecting a harmonious blend of luxury and his sports legacy.
Ladakhs infrastructure plan: 5 projects worth 3,350 cr to boost air connectivity, roads, tourism
Ladakhs infrastructure plan: 5 projects worth 3,350 cr to boost air connectivity, roads, tourism
India's Polymer Market Set For Significant Growth
A Crisil report indicates that India is the world's fastest-growing polymer compound market, contributing 13% to the global industry. Driven by increased manufacturing in automotive, electronics, and infrastructure, the domestic sector is projected to reach USD 16.5 billion by FY2031, with significant demand from various pipeline and cable segments.
