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US targets $500bn bilateral trade with India in three years: Ambassador Sergio Gor at Freedom 250
US targets $500 bn bilateral trade with India in three years, says Ambassador Sergio Gor
The United States plans to increase bilateral trade with India to over USD 500 billion in three years. This trade target comes after reaching a record USD 240 billion, highlighting growing economic ties. Collaboration will focus on sectors like semiconductors, energy, and defense to foster mutual interests. Recent diplomatic engagements have already begun shaping a strategic alignment for both nations.
Diwali sweet sellers face heat over shelf life
New Delhi: How long will a peda stay fresh? For India's mithai makers, the question is becoming a business concern ahead of Diwali as tighter food safety rules in several states require the display of manufacturing and use-by dates even on loose sweets.Watchdog agencies in states such as Uttar Pradesh and Uttarakhand are among those that have made this mandatory. The directive aims to help consumers assess freshness as inspections have revealed that buyers were not always given clear information about when sweets were made or how long they remained suitable for consumption, the agencies said.Also Read: FSSAI issues notice to Zepto over alleged delivery of expired besanHowever, small and medium-sized manufacturers and sellers said that the frequent inspections and notices have made it difficult for them to operate during the festive season, when sales are at their highest. Determining shelf life for different varieties could mean hiring external agencies, adding to costs and workload during the industry's busiest season, said Firoz H Naqvi, president of the Federation of Sweets and Namkeen Manufacturers.135076403Eye on AdulterationProducts on shelves are replenished many times a day during the busy season, said Naqvi.The Uttar Pradesh Mithai Namkeen Bakery Association recently urged the state food safety department to adopt a what it described as a supportive approach during the festive season, allowing small and medium-sized traditional businesses adequate time, training and technical guidance to formalise such practices.Also Read: Nepal bans import, sales of Indian biscuit Priyagold over food safety violationsFor minor documentation, display, record-keeping or other correctable deficiencies, businesses may kindly be guided and given a reasonable opportunity to rectify them, instead of facing immediate disruption of production or disproportionate action, the grouping wrote to the Uttar Pradesh Food Safety and Drug Administration (FSDA) on October 11.Other states such as Maharashtra, Karnataka and Haryana have also stepped up vigilance against adulteration during festivals and other large gatherings, when demand for sweets, edible oils, dairy products and other food items typically rises.Maharashtra Food and Drug Administration (FDA) commissioner Tukaram Mundhe has been on a food safety, hygiene and anti-adulteration crusade that has led to widespread action with inspections of restaurants, hotels, cloud kitchens, dairies, quick-commerce dark stores and manufacturing units.The Food Safety and Standards Authority of India (FSSAI) has asked states to increase surveillance to prevent the sale of adulterated and counterfeit food items during the festive season. It has also intensified scrutiny of packaged food products, issuing notices to major companies over alleged misleading health and nutritional claims, labelling discrepancies and non-compliance with food regulations.This comes as prices of key ingredients - milk and other dairy products, dry fruits, sugar, gram flour (besan) - have risen to records this year.Impact on marginsThe rising prices of inputs including fuel has had a cascading effect on the end product and will squeeze manufacturers' margins, said Suresh Goel, chief executive officer, Bikanervala Foods.Inspections happen during all festival seasons and so good and hygienic practices have become a part of our processing and packaging systems, he said. Since the Covid pandemic, the industry has aligned itself with health trends with even unorganised players making efforts to adopt best practices, he said.
Rising yields: Is it time to look at gilt funds?
Gilt funds are back in focus among investors with interest rates rising and bond yields across the world moving up sharply. A look at what these developments mean for this debt fund category.WHAT ARE GILT FUNDS? Gilt funds are debt mutual funds that invest in government securities issued by the central and state governments. Long-duration gilt funds typically invest in government bonds with maturities of 10 years or more. Since these securities are backed by the government, the credit risk is extremely low with the chances of default being minimal.HOW ARE GILT FUNDS DIFFERENT FROM SHORT-TERM FUNDS?Gilt funds typically invest in longer-duration government bonds. Returns from gilt funds that invest in long-term securities can fluctuate sharply when bond yields move up or down.On the other hand, short-term debt funds invest in bonds and money-market instruments with shorter tenures. They tend to be less sensitive to interest-rate movements. As a result, they see lower fluctuations in returns.Read more: WhatsApp stock tips: Nithin Kamath warns of more pump-and-dump schemes as ED freezes accounts worth Rs 200 croreBUT ARENT INVESTMENTS IN GILT FUNDS RISK-FREE?From a credit-risk perspective, thats true. But that does not mean these funds are entirely risk-free. This is because the big risk comes from volatility in bond prices. There are a whole host of factors such as RBI rate decisions, inflation, government borrowing, liquidity conditions, US Treasury yields, Federal Reserve decisions, crude oil prices, foreign investor flows and geopolitical developments that influence bond prices. They affect gilt fund returns.SO, WHEN IS IT FAVOURABLE TO INVEST IN GILT FUNDS? Gilt funds tend to be most attractive when investors expect bond yields to decline. Investors often start looking at gilt funds when they feel interest rates and bond yields are at their peak, and the scope for further rate increases is limited. This is because bond prices and bond yields move in opposite directions. When yields fall, bond prices rise, benefiting gilt funds.HOW DO BOND FUND MANAGERS GENERATE RETURNS FROM GILT FUNDS?Fund managers generate returns in two ways. The first is the interest earned on the government bonds held by the fund.The second is when bond prices change. When bond yields fall, bond prices rise, allowing fund managers to book profits by selling some bonds at higher prices. But if bond yields rise, bond prices fall, which in turn hurts returns.Read more: From 228 a GB to 7.5: How Mukesh Ambanis Jio rewired Indias internet and is now seeking a 10 lakh crore valuationIS THIS THE RIGHT TIME TO INVEST IN GILT FUNDS?That depends largely on where investors believe bond yields could move from here.Gilt funds tend to perform best when investors expect bond yields to decline. A section of market participants believes the bond yields have peaked.The current environment offers an opportunity to gradually build exposure to long-duration government bonds, said Basant Bafna, Head of Fixed Income, Mirae Asset Mutual Fund.According to him, bond yields have already risen sharply, and markets may be pricing in more RBI rate hikes than the central bank ultimately delivers.However, others remain cautious. They say uncertainties such as the likelihood of further US rate hikes, inflation risks and weaker foreign flows could keep bond yields higher for longer periods.So, investing in gilt funds requires investors to get the timing of bond yields right, which is easier said than done.
Navratri shoppers splurge on clothes, appliances as gadgets get pricier
Sales of apparel, footwear, and cosnumer durables increased over 20% during the recent Navratri-Dussehra festive period. Car retail sales saw a slight increase of 2% despite last year's GST-driven rush. Appliance sales were particularly strong, with air conditioners experiencing a growth of more than 50%. However, smartphone and television sales faced challenges due to rising prices of memory chips.
Govt to pitch 11 airports to global investors ahead of December bidding
The Indian government plans to hold promotional roadshows in international financial hubs to attract airport investors. Twelve airports are expected to be bundled into groups as part of this privatisation effort. The Airports Authority of India aims to explain the new bidding structure to prospective bidders effectively. International investors, including sovereign wealth funds and Indian conglomerates, are anticipated to participate in this bidding process.
The bioeconomy is gaining ground worldwide, report shows
Oil and natural gas still account for the vast majority of the world
Indias OTT market attracts new bets, but turning viewers into revenue remains tough
India's OTT market continues to grow with new platforms targeting niche demographics and unique content offerings. Recent launches include Tiger TV and Brew TV, aiming to attract Hindi, Punjabi, and independent filmmakers. These platforms face the challenge of low average revenue per user despite significant audience scale and revenue potential. Industry experts emphasize the need for sustainable revenue models amid fierce competition among over 50 players.
Welspun Corps $350 million US bet rides rising oil, gas pipeline demand
Welspun Corp is focusing on the US market by investing $300-350 million in two manufacturing plants. The company aims to benefit from increased oil and gas pipeline demand due to rising energy costs. One of its US plants has already been commissioned, while the second will be operational by year-end. Welspun also plans to expand its presence in Saudi Arabia and has future projects in Jordan.
Indians travel more despite costly flights, hotel rates to jump 27% post-Diwali
Travel bookings are on the rise for the festive season, with significant demand reported by various companies. Average hotel rates are expected to spike substantially during this timeframe, particularly in popular destinations. As a result, Goa is projected to experience the largest increase in accommodation prices. International bookings are also surging, especially to destinations like Maldives and Thailand for the festive period.
FMCG brands turn up the volume on ads as costs and scrutiny rise
Multiple packaged goods companies are increasing their advertising expenditures to maintain consumer demand amid rising inflation. Nestle India reported a significant rise in ad spending during the September quarter to enhance brand trust. Regulatory scrutiny from the FSSAI has prompted brands to emphasize safety and integrity in their advertising. Influencer-led marketing efforts are expected to grow significantly during the upcoming festive season.
BARC registration delay deepens TV ratings market rift in India
The ministry of information and broadcasting (MIB) is yet to decide on fresh registration applications from BARC and TAM India, a joint venture between Nielsen and Kantar Media. Key concerns include BARC's ownership structure, progress on cross-media measurement and the absence of an updated Broadcast India study, according to people familiar with the matter.
Moves by the North of England to unlock India trade
Regional partnerships can help businesses unlock the potential of the India-U.K. trade pact
Philanthropys biggest failure is its fear of failure
Indias drought-hit maize crunch pits poultry, ethanol makers in me first fight
Drought conditions have caused a significant decrease in maize supply, leading to competition among industries for access. Poultry producers, starch manufacturers, and ethanol plants are all vying for limited maize resources, exacerbating the situation. As maize prices continue to rise, the poultry industry has expressed concerns about potential feed shortages. Industry bodies have urged the government to prioritize maize for food production over fuel use.
PSU banks plan youth banking push before Diwali, with savings, loans
State-run banks are preparing to launch three financial products aimed at youth, covering savings, investments, insurance, and loans. These new offerings will be introduced before Diwali, in response to directives from Finance Minister Nirmala Sitharaman. A shared portal with interactive features is also being developed to engage young citizens effectively. The initiative aims to promote responsible financial behavior and awareness among the youth.
Socrates quote, The greatest way to live with honour in this world is to be what we pretend to be, highlights the importance of honesty, integrity and character. The ancient Greek philosophers words suggest that people should strive to develop the qualities they want others to see in them, rather than rely on appearances or reputation. The quote also reflects his emphasis on self-examination and living by one's values.
Resident Evil OTT release update: When and where to watch Zach Creggers zombie horror movie online
Zach Creggers Resident Evilreboot brings a new story of survival, a deadly virus outbreak, zombies and terrifying creatures to the popular horror franchise based on Capcoms video games. Starring Austin Abrams, the film follows a medical courier whose routine delivery to Raccoon City turns into a fight for survival. With the film having arrived in theatres, horror fans are now waiting to find out when they can watch it at home.
An Alabama farmer quietly donated $100 every month for nearly a decade to help people who could not afford their medicines. Hody Childress, an Air Force veteran, kept his contributions secret and asked the local pharmacist not to reveal his identity or tell him who received the money. After his death at 80, his daughter revealed the story, bringing to light the extent of his generosity and the people his donations had helped.
CBDT mandates new disclosures for tax-free gains on govt securities
The Central Board of Direct Taxes has introduced new disclosure requirements for taxpayers claiming exemptions. Taxpayers will need to provide detailed information on government securities to qualify for these exemptions. Newly inserted Form 173A will require specific data, including securities value and interest earned. Taxpayers are asked to confirm the accuracy of the information they submit. This change aims to enhance transparency and compliance under the Income-Tax Act.
Small-cap mutual funds: Should you pick funds with high index overlap? What one-year returns show
Small-cap mutual funds with higher benchmark overlap did not necessarily deliver better returns. Value Research data shows one-year returns ranging from -0.1% to 29.1% across 10 schemes, highlighting why investors should look beyond portfolio overlap when choosing funds.
Datanomics: Finally, goods producers get pricing power as demand picks up
Manufacturing and mining goods lead the increase, though prices remain below the FY23 base-year level
After spending decades abroad in the Gulf, Rajan Mathew returned to his roots in Kerala and embarked on a new venture: lemon farming. He transformed his family's rubber tree plantation into a vibrant lemon orchard featuring different varieties. As the pandemic fueled local demand, he began selling directly to consumers, illustrating a growing trend among Kerala farmers who are pivoting to alternative crops for improved economic viability.
Accenture leases, renews 5.84 lakh sq ft across Mindspace REITs Airoli parks
Accenture has secured over 5.84 lakh square feet of office space in Navi Mumbai. This includes fresh leasing, expansion, and renewal of existing spaces spanning ten years. The new offices are expected to house around 10,000 employees engaged in various functions. Mindspace Airoli is becoming a preferred location for multinational companies due to its connectivity and lower costs.
A woman who declared 4.81 lakh income invested 50 lakh in an LIC policy, claiming the money came from her late husbands HUF. ITAT rejected her explanation for lack of evidence and upheld the 50 lakh addition as unexplained investment.
From Venezuela to Texas to Jamnagar: Marco Rubios dash for energy
US Secretary of State Marco Rubio is encouraging Reliance Industries to process more Venezuelan crude. His visit includes discussions with External Affairs Minister S. Jaishankar and plans for a refinery in Texas. The focus on Venezuelan oil aims at expanding reliance on alternative sources amidst geopolitical tensions. Washington is keen on tapping into Indian refining capacities for its energy strategies.
The minister highlighted the rapid expansion of domestic air travel, noting that India touched a milestone in May with over 1.5 crore domestic passengers in a single month
Tim Cook succeeded Steve Jobs as CEO of Apple, following Jobs' advice to create his own leadership style. Jobs emphasised the importance of independent decision-making in order to continue Apple's legacy. Under Cook's leadership, Apple expanded its services and maintained operational discipline while facing new challenges in technology. Cook's tenure is marked by collaboration and innovation, steering the company toward future growth.
Dushanbe [Tajikistan], October 20 : Even as the West Asia conflict continues to impact the global economy, India continues to grow at 7.2 per cent, Defence Minister Rajnath Singh said on Tuesday as he attended a cultural event organised by the Indian Diaspora in Tajikistan. Addressing the community during his second visit to the Central Asian nation since 2021, Singh said India remains among the world's fastest-growing economies despite adverse circumstances. There was a time when the world claimed that India's economy was a lost cause, he said, adding that the strength and determination of the Indian people had made the difference. Singh said India contributes 16 per cent to the global economy while accounting for 18 per cent of its population. He said India's standing in the international community has grown under the present NDA government. Contrasting the present with the past, he said the people called it an era of policy paralysis, but it had been transformed through reforms under the current government. Since our government took office, Indias standing within the international community has grown. Today, when India speaks on the global stage, the world listens with seriousness. Indias economy has seen rapid improvement; it is now among the fastest-growing economies in the world. We contribute 16 per cent to the global economy, while our population accounts for 18 per cent. Despite the challenges arising from conflicts in West Asia, our economy continues to grow at a rate of 7.2 per cent, even in such adverse circumstances, he said. Singh said India has signed Free Trade Agreements with about 38 countries, keeping in view uncertainties in global trade over the last few years. He further said that Defence production stands at Rs 1.8 lakh crore, and India is now manufacturing submarines. A semiconductor ecosystem is taking shape, with the country set to build both ships and chips. He said India now has more than 2,50,000 startups, over 45 per cent of which have a female director or partner. India has also lifted 250 million people out of poverty over the last decade, he said. He also hailed the success of UPI in India, stating that in August alone, it saw 23.66 billion transactions worth Rs 29.88 lakh crore, ten years after its inception. He also said that 1213 years ago, Indias Current Account Deficit was over 4 per cent of its GDP. Last year, it declined to about half a per cent, specifically, 0.61%. Now our country has signed FTAs with about 38 countries, which is a unique milestone in India's trade history. These FTAs have opened up the markets of large economies for India's manufactured products. Currently, our defense production stands at 1.8 lakh crore rupees, and we are now manufacturing submarines. A semiconductor ecosystem is taking shape in India. The country is set to build both ships and chips. India has become a global hub for real-time digital transactions. In the month of August alone, there were 23.66 billion UPI transactions, amounting to 29.88 lakh crore rupees. It has been ten years since the inception of UPI, and it has shattered all previous records, he said. Highlighting the growth in the last decade, he said, In the past, there was talk of policy paralysis, but today, reforms are taking place everywhere. Our foreign exchange reserves have now surpassed $7 billion. We are reforming with a clear policy direction. I do not need to go into great detail regarding the changes we have introduced in the GST. However, I would only like to say that whatever reforms are taking place, all these reforms are not out of compulsion; this is our conviction. Singh said that until 12 to 13 years ago, access to mobile phones and the internet was considered a position of great power, and after 2014, under Prime Minister Narendra Modi, the government focused on making mobile data affordable. Until 12 to 13 years ago in India, there was also a time when access to mobile phones and the internet was in itself considered a position of great power. It was thought that simply having access to mobile and internet was a massive achievement. Whoever had access possessed information, possessed knowledge, and along with that, also had opportunities. After 2014, when the NDA government was formed in India under the leadership of Prime Minister Modi and we were given the opportunity to serve, India placed a special focus on making mobile data affordable. This means that in India, connectivity didn't just connect people, it also worked to connect opportunities. This miracle has taken place in India, he said. Singh urged Indians in Tajikistan, whether students or workers, to act with the utmost care so that India's credibility is never questioned. A gap between one's words and actions leads to a crisis of credibility, he said, while noting there had been no complaints against any Indian. He described the diaspora as India's cultural ambassadors and an extension of our family. Singh, who said he has addressed the diaspora in 3035 countries, called the cultural program unlike any I have seen. (ANI)
CBDT has notified Form 173A for eligible foreign institutional investors and the Bank for International Settlements claiming tax exemption on government securities. The form requires disclosures on holdings, interest income and capital gains.
Weather updates, October 21: The IMD has forecast rain across several Indian states and Union Territories from October 20 to 26, with isolated very heavy rainfall likely over Tamil Nadu, Puducherry and Karaikal from October 20 to 22. Kerala, Karnataka, Andhra Pradesh and the Andaman and Nicobar Islands are also likely to receive heavy rain. Thunderstorms, lightning and gusty winds are expected in several regions.
Taj hotel security head briefs Rubio on 26/11 attack
On Tuesday, US Secretary of State Marco Rubio visited the Taj Mahal Palace Hotel in Mumbai. He paid tribute to the 166 victims of the 26/11 terror attacks during a wreath-laying ceremony. Rubio was briefed by the hotel's security head, Sunil Kudyadi, who survived the attack. External Affairs Minister S Jaishankar highlighted the enduring partnership between the US and India in combating terrorism.
India bag 14 medals in para athletics, Nishad third Indian to win two golds in single Para Asiad
On the second day of the Asian Para Games, Indian para athletes won five gold medals among 14 total medals. Nishad Kumar secured two golds, while Deepthi Jeevanji also claimed gold in the women's 400m T20 event. Simran set a new Games record to earn her first gold medal in women's 200m T12. In men's discus throw combined events, Pranav Soorma and Ram Ratan Singh achieved gold and silver respectively.
The 2008 Wenchuan earthquake triggered a massive landslide that blocked China's Tongkou River, creating the unstable Tangjiashan lake and threatening millions downstream. Authorities evacuated residents and airlifted heavy machinery to carve a controlled drainage channel through the natural dam. The operation averted a catastrophic flood and informed landslide-dam management strategies later applied during China's 2018 Baige landslide crisis.
Houthis attack city in Yemen that UN says is at 'grave risk' by rebels' siege
Iran-backed Houthi rebels recently targeted a residential area in Taiz, killing two teenage girls and wounding others. The siege on Taiz has resulted in severe humanitarian risks and soaring prices for basic necessities. A missile strike on a military camp the previous day reportedly led to at least 73 deaths, marking a significant resurgence in conflict. Meanwhile, Britain announced expanded military support for Saudi Arabia amid ongoing Houthi attacks.
CBDT notifies new form for tax exemption claims on govt securities
The new Form 173A requires eligible foreign investors and BIS to disclose security holdings, interest income and capital gains to claim exemptions under the Income-tax Act, 2025
Prince Harry and Meghan Markle's departure from royal duties continues to impact their relationship with the British monarchy. Recent reports suggest they never accepted Queen Elizabeth IIs ruling on their roles. The couple's initial proposal for a half-in, half-out arrangement was ultimately rejected by the Palace. While Harry remains a part of the royal family, he no longer performs official duties.
Michelle Obamas quote, Being President doesn't change who you are, it reveals who you are, came during her 2012 Democratic National Convention speech in support of Barack Obamas re-election campaign. She spoke about their early financial struggles, the values they learnt from their families and her husbands approach to success.
Indian equities fell 6.81% in 2026 so far through September, while US stocks gained 12.75% and gold rose 11.56%, according to Edelweiss Mutual Fund research. Short-term bonds returned 3.57%, while silver and Chinese equities posted losses.
India-New Zealand FTA kicks in; duty-free access for Indian goods; gains hinge on competitiveness
Pact opens opportunities in textiles, leather, engineering and services, while tariff concessions on select imports could intensify competition for domestic producers
New rules: Govt may cap unjustified airfares on individual routes
Operating-cost disclosures to aid assessment; airlines to retain pricing freedom without prior government approval
Gregor Corse, a 5-year-old boy from Scotlands Orkney Islands, has raised more than $106,000 for a local charity by completing a 30-day walking challenge despite an undiagnosed neurological condition affecting his balance and motor skills. His efforts earned him the Youngest Fundraiser of the Year award at the 2026 Pride of Britain Awards.
Maersk begins its first planned India dry docking
A.P. Moller - Maersk will drydock the Maersk Chattogram at L&T Shipbuilding's Kattupalli Shipyard in October 2026. This marks a significant operational milestone from the Memorandum of Understanding signed in 2025. The drydocking process will include a special survey and maintenance work for various systems. It is crucial for the vessel's safety and performance for the next five years.
One family brand, two heirs: how can you avoid trademark disputes?
A family trademark is not a separate legal category under Indias trade mark law. For business owners planning succession, the key is to clarify ownership and usage rights before disputes arise.
An emergency fund should cover six, nine or 12 months of essential expenses, depending on job security, family responsibilities and income stability. Home loan EMIs, insurance premiums and school fees should be factored into the savings target.
More air connections between Chennai and Bangkok
Enhanced frequency lets travellers explore Bangkoks popular attractions more
IndusInd General Insurance appoints Sharad Mathur as MD & CEO
IndusInd General Insurance has appointed Sharad Mathur as its new Managing Director and CEO. Mathur brings three decades of experience in the insurance and financial services industry to the company. He previously led Universal Sompo General Insurance for over six years, focusing on transformation and distribution growth. At IndusInd, he will concentrate on customer centricity and digital innovation for future growth.
India-New Zealand FTA operational: 'More jobs, higher wages' for Kiwis
New Zealand Prime Minister Christopher Luxon stated that the historic Free Trade Agreement with India, now in effect, will help grow both economies, allowing Kiwi businesses to reach over a billion more customers with significantly reduced tariffs, leading to 'more jobs and higher wages for Kiwis'.
Air India Express flight from Bhogapuram to Bengaluru reports bird strike, lands safely
An Air India Express flight from Bhogapuram to Bengaluru reported a bird strike during its journey. The flight, which was carrying 148 passengers, landed safely at Kempegowda International Airport. Officials confirmed that no injuries were reported among any passengers or crew members. Following the incident, technical teams inspected the aircraft as part of standard safety procedures.
Deepika Padukone and Ranveer Singh took to social media to unveil the name of their second daughter, Devi Padukone Singh, amid the festivities of Dussehra, a time commemorating the triumph of good over evil. Their first daughter, Dua, named for prayer, pairs beautifully with her sibling's moniker, reflecting their reverence for cultural significance. To mark this occasion, the couple shared a heartwarming family photo exuding warmth and togetherness.
Schaeffler India CEO & MD taken into custody over June factory accident
Harsha Gopal Kadam, CEO of Schaeffler India, was taken into custody on October 19 for investigation. This relates to a factory accident that occurred on June 9, resulting in two worker deaths. The deaths happened due to a sudden discharge of carbon dioxide during a cylinder replacement. Schaeffler India stated that it has cooperated with authorities throughout the investigation process.
Gem, jewellery exporters heave a sigh of relief as the US puts off punitive tax
Exporters eye Christmas orders as gold price declines, supporting festive demand and buying
Suez Canal recovery raises hopes for trade on reduced freight and faster transit
The recovery in container shipping through Suez Canal is more than half of pre-disruption levels
Kim Jong Un dead? Who would control North Korea?
Akash Ambani seeks to recreate Dhirubhai's legacy with Jio IPO
Akash Ambani is leading Jio Platforms' initial public offering (IPO), set to be India's largest, with a strategy that includes appealing to regional investors and drawing parallels to his grandfather Dhirubhai Ambani's historic public listing of Reliance Industries.
ET Exclusive: Jio wants satellite broadband that connects 'every Indian home,' says Akash Ambani
Jio Platforms is preparing for its IPO while focusing on debt reduction and bolstering the balance sheet. The company plans to enhance customer engagement and revenue through digital service expansion and 5G monetization strategies. Jio is also exploring satellite connectivity opportunities to ensure broad access to digital services in India and beyond. Investment in technology and operational efficiencies remains a priority for sustainable growth.
A 1.5 crore payout after a decades-long land dispute was held taxable as capital gains, not income from other sources, by Ahmedabad ITAT. The ruling clarifies the tax treatment of assigned property rights, but does not make the receipt tax-free.
Indigenous communities play a vital role in forest protection, yet they often face funding challenges. The Ford Foundation exceeded its funding target, committing over $158 million to support these communities. This funding aims to enhance land rights and support local governance while protecting their territories. The foundation has pledged an additional $72 million for the coming years, focusing on diverse ecosystems.
Industries in Gujarat start curtailing power use despite States 79.5 GW installed capacity
Gujarat recorded an all-time high peak electricity demand of 29,822 MW on October 16, up 36.6 per cent% from 21,822 MW a year earlier
As India prepares for a five-fold increase in air passenger traffic by 2047, the spotlight is on the thousands of air traffic controllers who keep the skies safe, making split-second decisions and coordinating thousands of aircraft movements every day
Odisha leads as sugar inflation crosses 30% in 21 states and UTs
Retail sugar inflation reached 29.80% nationally in September, its highest level in the new CPI series, while wholesale inflation eased to 12.72% from 16.29% in August
Deepika Padukone, Ranveer Singh reveal second daughters name, Devi, share adorable family picture
Deepika Padukone and Ranveer Singh have revealed the name of their second daughter, Devi Padukone Singh, on Dussehra. The Bollywood couple shared a family photograph featuring their younger daughter and elder child, Dua, in a heartwarming moment. The announcement comes after the actors welcomed their second baby girl on September 19.
CBDT introduces Form 173A for tax exemption claims on government securities
Taxpayers claiming exemptions under Schedule IV, Table entries 13D and 13E of the Income-tax Act, 2025, must file Form 173A as per the Seventh Amendment Rules, 2026
Indian farmers fetch record prices for premium paddy as El Nino impacts production
Consumers may have to pay more for rice in the coming months as growers get over 1,000 a quintal than the minimum support price fixed for paddy
Constipation often leads to severe discomfort and bloating, disrupting daily life and overall wellness. Harvard-trained gastroenterologist Dr. Saurabh Sethi recommends incorporating kiwi and prunes into your diet to promote easier bowel movements and reduce bloating. It's important to gradually increase fibre intake and stay hydrated for optimal digestive health. A daily walk can enhance intestinal movement, and proper toilet positioning may facilitate bowel movements.
After years of changing circumstances, Amy Fletcher and her husband finally fulfilled their teenage dream of owning a house they admired. Their journey began with a heartfelt handwritten inquiry about the property, which opened doors to new possibilities. Despite facing financial hurdles to sell their old home, they persevered and, by October 2024, were handed the keys to their new abode, ready to embark on renovation adventures.
India is a refining superpower, can process Venezuelan oil: Marco Rubio
US Secretary of State Marco Rubio on Tuesday described India as a refining superpower, adding that the US delegation will discuss with Reliance about producing oil in Venezuela. Asked what role India can play in meeting the world's energy demand, Rubio, who arrived in Mumbai this afternoon on a three-day India visit, said, India is a refining superpower. They have the capability to refine heavy crude. They've done so in the past, and I think as more and more Venezuelan oil comes online, it's something they can do. They also, by the way, have pre-existing oil concessions in Venezuela that can produce more themselves, Rubio told reporters in Mumbai. He said all these are positive things. I'm not claiming to you that Venezuela alone can fill the hole that could be caused by some of the things that are happening around the world, but I think over time, it most certainly can, and in the short term, it can certainly help. So, that's one of the things we'll talk about. With India,
India made great progress in diversifying oil: Rubio
Punjabs drug trade worse than reports suggest: Shah
Rubio says India-US trade deal is very, very close after Jaishankar meeting
US Secretary of State Marco Rubio stated that negotiations for a trade deal with India are approaching completion. He highlighted discussions with Indian Foreign Minister Subrahmanyam Jaishankar about energy security and defense cooperation. While tensions over tariffs and energy continue to challenge negotiations, both countries aim to deepen their economic ties. Rubios visit to India includes a tour of the Reliance Industries refinery and meetings with business leaders.
Form 141 replaces four TDS forms for property purchases, rent, contractor payments and crypto transfers from 1 April 2026. Heres what property buyers, tenants and other taxpayers need to know about the new filing process and key compliance changes.
Prestige Estates to launch Rs 40k cr worth homes for sale in H2 of FY27, up 2.5 times from Apr-Sep
Prestige Estates Projects Ltd plans to introduce new residential developments valued at Rs 40,000 crore in the latter half of this fiscal year. The company experienced a remarkable 76 percent rise in sales bookings last year, totaling Rs 30,024 crore. For the current fiscal year, it aims for sales bookings between Rs 35,000 and Rs 36,000 crore.
The U.S. Secretary of State also said that India and U.S. are very very close to finalising the trade deal
Delhi airport's passenger traffic rises to 38.5 million in first half of FY27
At Delhi airport, average monthly traffic was about 6.5 million, with the highest-ever H1 passenger total in the first six months of this fiscal year
A baby Pacific walrus found between the bodies of two dead adults on a remote Alaskan beach survived a three-day Arctic storm with polar bears nearby after rescuers Violet Anniskett and Tony Fischbach sheltered him in an abandoned building. Named Annautaq, the calf was taken to the Alaska SeaLife Center in Seward, where he received treatment for dehydration and minor wounds.
Financial advisor Prem Soni claims Gujarat could generate Rs 500 crore in jalebi-fafda sales on Dussehra, with Ahmedabad contributing Rs 200 crore. He highlighted how corporate employees, gyms, grocery stores, boutiques and jewellers set up temporary stalls to benefit from festive demand. Soni attributed Gujarats business culture to an entrepreneurial mindset, urging people to overcome ego and pursue opportunities rather than complain about investment distribution.
Government to review 2019 mineral policy amid new sector priorities
The Centre is initiating a review of the National Mineral Policy, 2019, to address current sector demands. A nine-member committee will review the policy to reflect recent developments, especially in critical minerals. The committee is expected to submit recommendations within two months after its formation. Experts emphasize the need for a revised policy to enhance India's mineral potential and investment.
Rubio says US to discuss Venezuelan oil production with Ambani's Reliance Industries
US Secretary of State Marco Rubio is currently in Mumbai to discuss cooperation with India in various sectors. Topics will include trade, energy, investment, defense, and technology amid ongoing Middle East tensions. This visit follows previous strains in US-India relations due to tariff and immigration issues. Both nations are optimistic about progress on a potential bilateral trade deal.
Drill, baby, drill: China turns the screws, India looks for own tools
Chinas new export controls on tunnel boring machines (TBMs) have highlighted Indias reliance on overseas suppliers for specialised infrastructure equipment even as the government moves towards a $1.2 billion incentive scheme to expand domestic manufacturing. The proposed package aims to attract $1.8 billion in investment over seven years, but the bigger challenge will be building local capabilities in high-value components and machinery rather than simply replacing Chinese imports.
Will central government employees get a DA hike after Dussehra? The Centre's 21 October Cabinet meeting has raised hopes of a 3% increase, taking dearness allowance from 60% to 63%. Here is what employees and pensioners need to know.
Hindusthan National Glass & Industries Ltd plans to invest between 300 and 500 crore to enhance manufacturing capacity. This investment aims to expand operations by the end of the current financial year. The company recently doubled the capacity of its Bahadurgarh facility to meet growing demands. Capacity expansion is crucial for the company's profitability, which is expected to improve soon.
Indias online retail market to cross $90 billion in 2026, grocery to overtake mobiles: Redseer
India's online retail landscape is on a fast track, expected to hit USD 90 billion by 2026. The surge in demand is primarily for grocery, beauty, and home essentials, reflecting changing consumer priorities. While mobile sales are projected to decrease from 19% to 16% of the market, electronic sales seem to be recovering early in 2026 due to various positive factors and tax decreases.
Kerala-born model Ravleen Varghese made her Victorias Secret Fashion Show debut on October 18, 2026, sharing the runway with Gigi Hadid, Bella Hadid and Adriana Lima. Scouted at 18 after moving to Delhi for design school, she first gained attention at New York Fashion Week. She has since worked with international luxury labels Dior and Loewe.
New Malayalam films and series are scheduled for release on different OTT platforms in the coming days. Dhoomakethu and The Paradise will both be available on Netflix soon. Additionally, Dorothy, a crime drama by Keerthy Suresh, will also premiere shortly on Netflix. Read on!
Vanessa Romano launched Little Party Co. with an initial investment of $500, renting outdoor games for events. Within a few months, she secured 65 bookings and generated over $9,000 in revenue. Balancing her corporate job and motherhood, Romano continues to manage her side hustle effectively. She emphasizes careful tracking of customer preferences and reinvesting wisely into the business.
Stellantis India targets to halve vehicle development time, boost localisation
Stellantis India plans to halve vehicle development time to approximately two years as part of its strategy. The company aims to increase localisation levels, achieving over 90 percent for Citroen and 70-75 percent for Jeep. An investment of Rs 4,000 crore will support the launch of 12 new models over the next three years. Jeep will introduce four new models across various segments, while Citroen will launch three new vehicles.
Why Nepal banned Sara Ali Khan, Ayushmann Khurranas Udta Teer? Plot details revealed
Set to release on October 23, Udta Teer, starring Sara Ali Khan and Ayushmann Khurrana, faces a ban from Nepal's Central Film Censor Board. Citing breaches of cinema law, the ministry has deemed the film unfit for public viewing. The storyline comically explores India-Pakistan relations, featuring Bilal, a Pakistani operative who becomes an Indian counter-terrorism officer after a memory loss.
SWITCH Mobility and PURPLE BUS launch electric bus service in NagpurChandrapur route
This marks SWITCH Mobilitys third intercity deployment with Prasanna Purple Mobility Solutions this year, following the ag-o of electric coaches on the MumbaiPune & Dombivli-Pune routes in April 2026 and October 2026
The documentary follows Elizabeth Holmes in the weeks before she reported to prison for fraud. Directed by Nathan Fielder and Lance Oppenheim, the film offers a look at Holmes family life and her claims of innocence. Former Theranos employee and whistleblower Tyler Shultz has criticized the documentary.
Vidyut Jammwal shines as he makes his grand Hollywood entry, portraying Dhalsim in the live-action version of Street Fighter. Committed to a strict regimen, he embraces a vegan lifestyle accompanied by a robust exercise routine. His approach to nutrition is holistic, filled with diverse wholesome foods throughout the day. Focusing on functional training, Vidyut targets various muscle groups, underscoring the significance of maintaining both physical strength and organ health.
