The Economic Times

India's textile and apparel industry is aiming for $100 billion in exports by 2030 through Free Trade Agreements. The focus should be on enhancing capabilities in quality, delivery, and price to remain competitive. Indian manufacturers must leverage automation, digitization, and vertical integration to improve efficiency and respond to global demands.

Anthropic PBC is gearing up for its initial public offering, setting ambitious price targets to capture investor interest. The firm aspires to achieve record fundraising that could eclipse SpaceX's previous achievements. High-profile tech investors back Anthropic's private financing, indicating strong market confidence. Its traditional IPO pricing strategy, distinct from SpaceX's, positions Anthropic to navigate through the challenges of market fluctuations smoothly.

The real test of AI is whether the enterprise performs better than it did before.

Effective sales training focuses on providing reps with repeated practice and feedback rather than mere completion statistics. Most sales representatives struggle to handle customer objections effectively due to insufficient practice. The introduction of AI Roleplay allows reps to rehearse challenging scenarios and receive instant feedback on performance.

Market volatility continues as investors navigate significant fluctuations in stock and bond prices this month. Despite challenging conditions, billions are flowing into both index funds and speculative assets. Retail investors are capitalizing on short-term opportunities while the overall market remains fragile. Many professional investors are taking a defensive stance, opting for high-quality assets amid economic uncertainty. This environment highlights the persistent appeal of diversified inv

JioBlackRock Flexi Cap Fund made notable exits from various stocks including ITC and Tata Consultancy Services. The fund also reduced its exposure in HDFC Bank and other stocks during October. Additionally, it added around 13 new stocks to its portfolio, enhancing diversity. Notably, the fund increased its holdings in Punjab National Bank and Bank of India significantly.

Congress leader Rahul Gandhi honored Jawaharlal Nehru on his birth anniversary, calling him a guiding force for India. He stated that Nehru's ideals of democracy, diversity, and equality remain vital for the nation. Priyanka Gandhi Vadra emphasized Nehru's revolutionary spirit and ongoing relevance in protecting democratic values. Mallikarjun Kharge recalled Nehru's contributions to India's social, political, and economic foundations after independence.

Latest FD interest rates: Several banks have recently updated their fixed deposit interest rates, providing higher returns to customers. HDFC Bank and ICICI Bank have increased rates for tenures from 3 years to 10 years. Meanwhile, senior citizens are receiving even higher rates of interest across multiple banks. Additionally, banks such as Utkarsh Small Finance Bank and Suryoday Small Finance Bank are offering the highest rates available.

Nvidia Corp. has witnessed a drastic stock plunge after the ousting of CEO Jensen Huang amid scandals. A staggering 13% decrease in stock value within a week represents its most significant drop since April 2025. With analysts downgrading their ratings, concerns regarding Nvidia's future performance and corporate culture have emerged.

Celebrating Children's Day encourages parents to focus on planning for their children's future financial needs. Investing in mutual funds can support goals such as higher education and marriage. Parents are advised to consider both children's funds and diversified equity funds depending on their risk appetite. Avoiding common investment mistakes can help in building a reliable corpus over time.

According to Anthropic's official disclosure, the proposed international retail offering covers Australia, Canada, certain European Economic Area (EEA) countries, Japan, Switzerland and the UK.

Bitcoin liquidation events exceeding $500 million have become common, reflecting significant market volatility. Recent trading sessions have seen large losses, including a $1.3 billion liquidation. Factors affecting the market include high oil prices and potential Federal Reserve rate hikes. Additionally, investors seem to be favoring artificial intelligence stocks over cryptocurrencies amid a tech selloff. These trends indicate an evolving landscape in the crypto trading environment.

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Exports from the five sectors - engineering goods, petroleum products, electronic goods, gems and jewellery, and organic and inorganic chemicals - increased 59.4 per cent to USD 34.37 billion in October, compared with USD 21.56 billion in the corresponding month last year.

Vinay Mohan Kwatra, India's Ambassador to the United States, criticized USCIRF for its comments on Sharjeel Imam. He stated the commission has no authority to judge Indian citizens' constitutional rights. Kwatra's remarks follow USCIRF's characterization of Imam's detention as related to his advocacy for religious freedom. Sharjeel Imam has been detained since January 2020 for allegedly inciting communal violence.

Federal Reserve Vice Chair Philip Jefferson emphasized inflation as the main factor in determining monetary policy. He highlighted that economic growth and a stable labor market have been observed. Jefferson indicated that upcoming adjustments to policy should rely on data trends and the evolving economic outlook. Concerns about artificial intelligence displacing workers were also mentioned in his remarks.

The Tamil Nadu government has set stock limits on essential commodities like rice and pulses to combat price inflation. Wholesalers can stock a maximum of 2,000 metric tonnes of rice, while retailers are restricted to eight tonnes. Miller stock is limited to one month's production capacity, ensuring regular supply. Importers are prohibited from holding stock longer than 45 days post customs clearance, promoting quick turnover.

Nvidia is poised for a critical quarterly earnings report amidst controversies and leadership changes. Investors are wary as Anthropic prepares for a significant initial public offering, valued at up to $1.4 trillion. The overall market sentiment towards AI stocks could shift based on these developments next week. Retail sales data will also provide insight into consumer health and inflation pressures.

Robinhood Markets has filed an appeal with the US Supreme Court concerning a class action lawsuit brought forth by investors. The lawsuit claims the company misled investors ahead of its IPO in July 2021 by not revealing how reduced trading volumes would affect their investments. After initially dismissing the case, the 9th Circuit Court of Appeals has reopened it, with Supreme Court deliberations expected by late June.

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The FIR has been registered under Sections 196, 353 and 356 of the Bharatiya Nyaya Sanhita (BNS), 2023, which deal with promoting enmity, statements capable of causing public mischief and defamation, respectively.

India records $90 bn exports in Oct, on track for $1 trillion target: Piyush Goyal

Mahanadi Coalfields, a subsidiary of Coal India, is set to launch its initial public offering next week. The IPO will open on November 19 and close on November 23, with an expected size of

Two oil tankers exploded and caught fire in the Strait of Hormuz after striking naval mines. The Iranian Revolutionary Guard Corps reported the vessels had turned off their radar and positioning systems. This incident raises tensions involving Iran, the United States, and Israel in the strategic waterway. The IRGC also claimed responsibility for targeting a US radar installation in Bahrain.

General insurance companies in India saw a 10.5% increase in gross direct premium income in October. Standalone health insurers also reported significant growth, outperforming general insurers in several areas. HDFC ERGO and SBI General led the performance among private insurers with impressive increases in premium income. Public sector insurers like National Insurance also experienced growth, though some faced declines.

Elon Musk has publicly endorsed a petition to reinstate Jensen Huang as CEO of Nvidia. Huang recently resigned amid controversy regarding his alleged extramarital relationships. These relationships have included a woman who is suspected of having ties to Chinese intelligence services. Musk's support joins that of other prominent figures advocating for Huang's return. The situation raises significant questions about Huang's leadership and personal conduct at Nvidia.

FAA flights grounded due to communications issues, affecting multiple sports teams nationwide. College football teams faced delays, with some opting to travel by bus rather than wait for flights. Professional basketball and hockey teams also scrambled to alter travel plans ahead of their scheduled games. Many teams were forced to seek accommodations, with uncertainty lingering about flight availability.

FAA flights grounded: After a nationwide groundstop halted thousands of flights, the Trump administration increased its air traffic control funding request. The official request has risen from $30.1 billion to $50 billion due to ongoing issues. Funding aims to modernize aging airports and enhance air traffic systems across the United States. Major airlines have shown support for this funding request during this critical safety period.

The corporate bond market in Mumbai was abuzz with activity on Friday, pulling in an impressive

In the latest transaction, SVF II Meerkat (DE) LLC, an affiliate of SoftBank, offloaded 7.64 crore shares in Bengaluru-based Meesho, according to the block deal data on the National Stock Exchange (NSE).

A group of nonprofits has filed a lawsuit against OpenAI, Anthropic, and other tech companies. They seek to prevent further development of advanced AI models citing potential harm to humanity. Company leaders have raised concerns about the dangers associated with artificial intelligence technologies. The lawsuit relies on California's laws regarding unfair business practices for its basis. If successful, this could significantly impact the future of AI development in these companies.

India has announced an ambitious goal to install 900 gigawatts of clean energy by 2035. The government has approved nearly $20 billion to improve power grid infrastructure. Experts emphasize that grid enhancements are crucial for this energy transition. While coal remains a significant energy source, the shift toward renewables is essential. Meeting future demands will require integrated solutions for electricity generation and storage.

The Indian stock indices experienced a retreat as increasing crude oil costs negatively impacted market sentiment. Retail inflation hit 6.09% in October, breaching the tolerance threshold set by the Reserve Bank of India. This spike raised alarms about possible future rate adjustments. Sectors like realty, auto, and cement faced considerable selling activity due to these economic dynamics. However, the benchmarks concluded the week with minor gains.

The Indian IT sector has seen a rollercoaster of activity, where mid-sized companies have outperformed their larger peers recently. Increased deal bookings are promising, yet slow revenue growth due to client indecision lingers. The emergence of AI technology brings both new possibilities and pricing pressures for classic services. To sustain their margins in this shifting landscape, companies are honing their operational efficiency.

FAA flights grounded reason: US Transportation Secretary Sean Duffy reported that an overloaded air traffic control communications system led to a nationwide groundstop. This issue resulted in more than 10,000 flights being cancelled and delayed across the country. The system experienced inconsistent data due to overloaded switches and routers, prompting the decision to shut it down. Intermittent communication occurred along with intermittent radar problems which contributed to the disruption.

Donald Trump is set to meet with Xi Jinping next week during the Asia-Pacific Economic Cooperation forum in China. Recently, Jensen Huang resigned as CEO of Nvidia amid allegations involving Alice Huang and potential national security concerns. The US Justice Department has not concluded any investigation regarding Alice Huang's affiliations with the Chinese government. Trump is not expected to raise the allegations during his meeting with Xi.

Airlines including Air Canada and American Airlines issued passenger advisories after a nationwide ground stop imposed by the Federal Aviation Administration (FAA) disrupted flight operations across the United States, triggering cancellations and departure delays.Air Canada cancelled all flights to and from the US for the remainder of the evening, warning that services between Canada, the Caribbean and South America that transit US airspace could also be affected.Also Read: US flights remain sus

The Reserve Bank of India notifies citizens about various bank holidays based on states and Union Territories. Certain bank transactions will require a branch visit on Saturdays despite many online services being available. Customers should plan accordingly due to these closures and limited access to in-person services.

SpaceX successfully launched its Starship spacecraft on a mission that aimed for both orbit and return. Unfortunately, the lower-stage Super Heavy booster rocket failed to complete its return flight. Starship's upper-stage vessel reached orbit and deployed 26 satellites into space. This launch marks SpaceX's 15th Starship test flight, contributing to their satellite connectivity business. The company hopes to achieve a fully reusable rocket system for future missions.

Jensen Huang, who resigned as CEO of Nvidia following revelations about his affair with Alice Huang, misled company leaders regarding the nature of their relationship, which raised concerns. Internal communications revealed that Huang had described their interactions as standard business dealings. An investigation was launched by Nvidia's board after media reports surfaced about the affair. Nvidia's stock has significantly declined since the news broke, causing losses of over $1.8 trillion.

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Federal Reserve officials are signaling further interest-rate increases to combat persistent inflation pressures in the economy. San Francisco Fed President Mary Daly expressed concerns about services inflation and its implications for future policy. Both Boston Fed President Susan Collins and Dallas Fed President Lorie Logan emphasized the need for tighter monetary policies. They indicated the possibility of upcoming rate hikes to achieve price stability and mitigate inflation.

New Zealand dominated the fourth ODI against India, winning by 244 runs and staying alive in the series. Will Young scored a century, while Matt Henry took six wickets to dismiss India for 89 runs. India faced a terrible start, losing three key wickets in the first over, resulting in a challenging chase. Henry's exceptional bowling performance highlighted India's struggle, leading to their sixth-lowest ODI total.

The tranquil and indescribably beautiful environs of Kamarpukur and Joyrambati, the birthplaces of Sri Ramkrishna Paramhansa and Maa Sarada Devi in the verdant plains of West Bengal, are truly balms for the soul. Green-gold vistas of ripening rice fields criss-crossed by a myriad of small rivers and dotted with distant sleepy hamlets greeted the eye as a friend and I headed there from Kolkata. And the early morning autumn sun cast a golden, almost divine glow.It was a world away from the polluti