The Economic Times

Union Agriculture Minister Shivraj Singh Chouhan and Food Minister Pralhad Joshi held detailed discussions at the Pusa campus with a delegation of farmers from the two major sugarcane-growing states. About 80-90 farmers from different organisations attended, along with state ministers.

Indian Gas Exchange Ltd has received approval from Sebi to launch an initial public offering. The proposed IPO is exclusively an offer for sale of equity shares by promoter Indian Energy Exchange Ltd. IGX aims to enhance its visibility and strengthen its brand image through this public listing. The company has been operational since June 2020 and reported increasing revenue in recent years.

Singularity AMC, a company rooted in Mumbai, has successfully resolved two significant matters with the Securities and Exchange Board of India (Sebi) concerning violations related to alternative investment funds. As part of the settlement, the firm has paid Rs 40.5 lakh. The infractions included not maintaining the required interest in the Singularity Equity Fund and excessive drawdowns in three of its schemes.

Quant Mutual Fund sold 20.81 lakh shares of Jubilant Pharmova worth Rs 190.47 crore in bulk deals, while Abakkus Four2Eight Opportunities Fund bought 11 lakh shares. The transactions came as the pharmaceutical company approved plans to raise up to Rs 800 crore through non-convertible debentures and seek broader debt issuance authorisation.

SBI economists are advocating for the elimination of long-term capital gains tax to stimulate sustained investment in Indian equity markets. This proposal arises amid substantial foreign portfolio investor withdrawals exceeding Rs 3 lakh crore this year, prompting concerns. Furthermore, the lack of AI-focused stocks is contributing to these market exits.

Analysts recommend five stocks for Tuesday, including Astra Microwave, Manappuram and Laurus Labs, citing bullish chart patterns, improving momentum and breakout signals. Here are the targets and stop-loss levels.

Indian benchmark indices reversed early gains on Monday, with the Sensex falling 548 points and the Nifty closing below 22,400 amid persistent FII selling, rising bond yields and geopolitical concerns. Investors will track key stocks, global cues, crude oil prices, inflation data and earnings expectations for Tuesdays market direction.

The rupee rebounded nearly 1% to 95.77 per dollar on Monday after the RBI announced measures to curb speculative currency trades. A special window for state-owned oil marketing companies eased spot-market pressure, though dollar buying by importers and corporates capped gains. Elevated crude prices and global uncertainties continue to weigh on the currency.

The Tata Group-owned airline has been taking longer routes for its European and North American flights since early last year following the Pakistan airspace closure for Indian carriers. Now, in addition, the airline is grappling with airspace curbs in various Gulf countries amid the continuing Middle East conflict.

Canada's Minister of Foreign Affairs Anita Anand plans to visit India and the UAE from October 13 to October 16. She will meet with Minister of External Affairs Dr. S Jaishankar to discuss trade, energy, and security cooperation. In India, Anand will participate in the Bloomberg New Economy Forum alongside high-level meetings to promote collaboration.

Maison Flambeau, located in the charming town of Ladysmith, Wisconsin, is an innovative holiday retreat crafted from three repurposed shipping containers, featuring an inviting 800 square feet of modern living space. With two cozy bedrooms, outdoor lounges, and a rooftop deck, this property offers guests relaxation and style. Notably, it includes a private sauna, an outdoor hot tub, and direct river access, making it a distinctive choice for vacation rentals.

Rishabh Pant has been ruled out of the first two matches of the India A tour due to injury. He sustained a left side strain while participating in the Irani Cup as the team captain. Kumar Kushagra has been named as his replacement for these matches. The BCCI Medical Team is overseeing Pant's recovery, which is reported to be progressing well.

Goldman Sachs has upgraded its outlook on global equities from neutral to overweight as earnings growth remains strong. This change is attributed to more attractive valuations ahead of the forthcoming earnings season. The bank also expressed caution regarding potential risks from higher rates and energy prices impacting equity markets. Additionally, it remains bullish about the Asia and US markets while being underweight on Europe.

Speaking at the India-UK JETCO Business Plenary on Monday, Goyal highlighted the complementary nature of the two economies and stressed the need to strengthen economic partnerships to unlock new growth opportunities.

Wall Street's main indexes opened muted on Monday as investors watched oil prices and global events ahead of crucial bank earnings and inflation data due later in the week that are

India is experiencing significant growth in its Travel and Tourism sector, driven by a rapid economy. The World Travel and Tourism Council recently discussed India's potential for global tourism leadership. Key industry leaders highlighted the importance of showcasing India's diverse states and attracting international students. Minister Gajendra Shekhawat emphasized the government's focus on promoting tourism alongside trade and technology.

Ilhan Omars home was searched by federal agents as part of a criminal investigation, renewing attention on her husband, Tim Mynett. Mynett is a political consultant who worked on the congresswoman's campaign. Democratic Rep. Ilhan Omar married Tim Mynett in March 2020. She was previously married to Ahmed Hirsi, with whom she shares three children

Referring to an open letter by 124 former IAS, IFS and allied service officers defending the Election Commission's institutional integrity, Gupta backed the Special Intensive Revision (SIR), saying free and fair polls demand accurate voter rolls, transparent procedures and strong institutions.

ICICI Prudential AMC reported a 6.1% year-on-year rise in Q2 FY27 net profit to Rs 889 crore, while revenue from operations grew 16.3% to Rs 1,674 crore. The company declared an interim dividend of Rs 30 per share, with October 21, 2026, set as the record date. Its quarterly average AUM rose 14.4% to Rs 11.61 lakh crore.

Danielle Cooper, a 44-year-old mother of two, won two British bodybuilding titles after taking up the sport at 40. She shares her fitness advice for women, explaining why nutrition, walking and the right mindset are key to achieving fitness goals. She says that women should make nutrition their foundation and focus on increasing their physical activities, like increasing daily steps.

Four BSE 500 stocks, including PVR Inox, PTC Industries, Aditya Infotech and Laurus Labs, hit fresh 52-week highs despite a decline in benchmark Sensex, gaining up to 13% in a month.

Indian government bonds experienced a significant decline due to central bank measures aimed at draining liquidity. The benchmark 10-year bond yield rose to its highest level in three years, signaling potential rate hikes. Consumer inflation increased to 5.54%, exceeding forecasts and raising concerns over future monetary policy. The Reserve Bank of India announced bond sales and changes to cash reserve ratio maintenance.

Market corrections can influence portfolios differently depending on their size and the investor's timeline. Investors with larger portfolios need a careful approach to risk management amid market fluctuations. Those with long-term aspirations should keep funds for short-term needs separate from their growth capital. This tactic guarantees that financial commitments are fulfilled even during market downturns.

HCLTech has declared an interim dividend of Rs 12 per share for FY27, with October 16 set as the record date and October 26 as the payment date. The IT major reported a 21% year-on-year rise in Q2 net profit to Rs 5,132 crore and announced a global partnership with Anthropic.

Sahajanand Medical Technologies has set a price band of Rs 327-344 per share for its Rs 475.48 crore IPO, which opens on October 15 and closes on October 19. The issue is entirely an offer for sale, with shares scheduled to list on the BSE and NSE on October 22.

With 1.5 crore in their investment corpus, Ajay and Supriya Pandey face a crucial management decision. They intend to craft a dual-portfolio strategy, creating a growth portfolio tailored for retirement and a responsibilities portfolio designated for upcoming expenses. This plan allows them to fulfill immediate needs like education and healthcare without sacrificing their long-term financial growth.

ET Achievers 2026 is set to take place on October 12 at JW Marriott in Bengaluru. The event, organized by Optimal Media Solutions, will celebrate individuals and organizations achieving success across various industries. Actor Shriya Saran will be the chief guest, adding glamour to the proceedings. An ET Brand Equity keynote address will provide insight into leadership perspectives during the event.

Indian equity markets ended lower on Monday as rising bond yields and continued FII outflows weighed on sentiment. The Nifty fell 0.70% to 22,363, while the Sensex lost 0.76% to 71,925. FMCG stocks led sectoral losses, while auto stocks gained. Dr Reddys and Bajaj Auto topped Nifty gainers.

Delhi Metro Rail Corporation has reopened the entry and exit gates of all metro stations. This decision took effect at 5 PM after an earlier closure for security reasons. Six stations had been closed since 6 AM on October 12, causing inconvenience to commuters. The closed stations included Patel Chowk, Janpath, and Rajiv Chowk among others. Interchange facilities at these stations are now also available for passenger use.

Columbus Day 2026: Christopher Columbus never set foot on mainland US, yet America observes a federal holiday in his name. He even did not proof that the Earth is round. Here's how Columbus Day began, its connection to Italian American heritage and why the holiday remains controversial in the United States.

HCL Tech Q2 Results: HCL Tech's board declared a second interim dividend of Rs 12 per share for the financial year 2026-27. The record date for the payment of the interim dividend will be October 16 and the payment date is October 26, 2026.

Bitcoin traded near $83,000 on Monday as the cryptocurrency market attempted to stabilise following heavy US ETF outflows and macroeconomic pressure. While institutional sentiment remains cautious amid elevated oil prices and a strong US dollar, whale accumulation and strong corporate holdings provide underlying support for crypto assets.

Tenant ordered to pay Rs 24 lakh for unauthorised stay after failing to prove landlords wanted to evict without giving back Rs 10 lakh security amount; Delhi HC order explained.

Indian rice exporters have partnered with Eximwala Solutions to utilise bulk shipping for their products with an aim to significantly lower freight costs by about 74%, enhancing competitiveness. The shipments will mainly target the Gulf region, where demand for Basmati rice is substantial.

Noida Authority has approved the revised layout plan for the 300-acre Sports City project in Sector 150, reserving 70% of the land for sports facilities. The approval follows years of stalled development and comes as the Supreme Court examines separate cases involving Sports City projects. While four housing projects have received conditional occupancy certificates, further approvals and legal proceedings will determine the next steps for construction and homebuyers awaiting possession.

Elara Securities has initiated coverage on Adani Power with an Accumulate rating and a target price of Rs 220, implying 17% upside. The brokerage expects capacity expansion from 18.3 GW to around 42 GW by FY32 to drive growth, while flagging execution risks, rising debt and limited valuation headroom.

Rahul Gandhi addressed the media regarding alleged police brutality and called for Chief Election Commissioner Gyanesh Kumar to resign. He claimed that there were larger powers behind the issues faced by the Election Commission. Gandhi mentioned that the government is protecting Kumar and warned against intensified confrontation. The opposition is planning to march to the Supreme Court to file a petition regarding the irregularities.

On Monday, the Indian rupee gained about 1% after the Reserve Bank of India announced measures to curb dollar demand. Oil companies' dollar purchases will now be directed away from the spot market, easing pressure on the rupee. This intervention aims to address the mounting balance of payments challenges due to high oil prices. However, analysts remain cautious about the sustainability of the rupee's recovery moving forward.

Jefferies has maintained its Buy rating on Adani Green Energy, setting a target price of Rs 1,695, implying 35% upside from the recent close of Rs 1,255. The brokerage sees the stocks 22% correction from its peak as an opportunity, citing attractive valuations, rising power demand, improving utilisation at Khavda and expansion in battery storage.

Michael Burry warns that markets may be in denial over an AI bubble, while Ray Dalio sees signs of a classic bubble nearing a turning point. Peter Lynchs investing philosophy offers a reminder to focus on businesses rather than market timing.

Railways is planning a 24-coach Vande Bharat sleeper train with a pantry car, additional toilets and upgraded interiors, targeting a rollout by June 2027. The Integral Coach Factory in Chennai has been tasked with manufacturing 50 such trainsets. The development is part of a wider plan to introduce more than 200 Vande Bharat sleeper trains for long-distance overnight travel.

Veteran investor Sunil Singhania's Abakkus Flexi Cap Fund acquired a 1.15% stake in Aether Industries and raised its holdings in Heritage Foods during Q2 FY27. Meanwhile, the fund appears to have exited Cyient DLM as its holding dropped below 1% following a sharp multi-month rally.