The Economic Times

After a rocky start, the S

Copper prices decreased to their lowest point in ten days, influenced by profit-taking and lower supply fears. The decline in prices coincided with rising concerns over inflation and interest rates. After reaching an agreement at the Escondida mine, Chilean miner BHP alleviated worries about possible strikes. Additionally, Asian tech stock sell-offs further pressured the metals market, contributing to the copper dip.

Pernod Ricard has demonstrated remarkable sales growth of 19 percent in India for the September quarter, driven by strong market demand and ongoing premiumisation trends. The company's preparatory measures for a potential IPO have positively influenced sales. Despite declines in the US and China, India remains a focal market. The final decision on the IPO awaits board approval.

India's current account deficit narrowed to $5.2 billion in August, compared to $6.1 billion a year earlier. The capital account surplus increased substantially to $50.6 billion, influenced by non-resident deposits of $83 billion. The balance of payments showed a surplus of $45.4 billion, contrasting with a deficit of $5.6 billion in the previous year. External commercial borrowing saw a net outflow of $22.4 billion during this time.

Ahead of Diwali, the Bombay High Court has extended its firecracker ban to public roads year-round. The court emphasized the harmful effects of toxic pollution on senior citizens and children. Authorities are now required to issue notices prohibiting firecracker use in public areas. The Brihanmumbai Municipal Corporation and Maharashtra Pollution Control Board must also promote awareness about these health risks.

RIYADH, - The Saudi-led military coalition in Yemen said on Thursday that the country's Houthis had attempted to attack dozens of Saudi airports, ports and oil facilities, as fighting between the Iran-aligned group and Saudi Arabia intensified.The Houthis have been firing ballistic missiles and drones at key Saudi sites for a week, in response to the kingdom's backing of government forces in Yemen's renewed civil war. The coalition's latest statement highlighted the risk to Saudi civilian infras

Indian equities rallied as global technology stocks weakened amid AI valuation concerns and US inflation worries. Analysts recommend Bajaj Holdings and Adani Power for Friday, citing improving technical momentum, key support levels and potential upside, subject to market conditions.

Maharashtra's FDA has implemented a ban on the sale of loose and unpacked spice powders. This initiative aims to prevent adulteration and ensure traceability of spice products. Businesses involved in spice processing must comply with strict packaging and labelling regulations. The order also prohibits harmful substances used in spices, ensuring only permitted sterilisation methods are utilized. Violations of these regulations could lead to severe penalties, including closures and license cancell

Reserve Bank of India recently clarified the applicability of foreign exchange risk reserve for banks. The requirement does not apply to banks engaging in market-making or proprietary trading. It will also not affect interest on External Commercial Borrowings or dividends payable to non-resident investors. The FERR must be maintained until one day after the derivative contract's termination.

The Election Commission is conducting a Special Summary Revision to update electoral rolls in 17 states and Union territories. January 1, 2027, has been designated as the qualifying date for eligible voters. The revision is vital for including new voters and correcting existing entries. This initiative is particularly focused on young and first-time voters. States like Uttar Pradesh and Goa are among those preparing for upcoming elections.

Jio Financial Services reported a 51% year-on-year decline in Q2 FY27 profit to Rs 340 crore, despite total income rising 132% and net interest income surging 165%. Its NBFC business delivered 140% profit growth amid expanding financial services operations.

Michelle Obamas Girls Opportunity Alliance has pledged more than $1 million to support 25 organizations across 15 countries working to improve girls education and opportunities. From a $2.5 million fundraising plan to a $102 million initiative for military families, heres a look at her major efforts and how they aim to make a difference.

Akash Ambani said Jio can raise mobile tariffs but prefers growing revenue through digital services, broadband and enterprise solutions. Ahead of its Rs 30,213 crore IPO, Jio aims to expand margins and connect 100 million homes.

Akash Ambani said Jio can raise mobile tariffs but prefers growing revenue through digital services, broadband and enterprise solutions. Ahead of its Rs 30,213 crore IPO, Jio aims to expand margins and connect 100 million homes.

Central Park in Connaught Place will be closed for the general public on October 16 and 17. The New Delhi Municipal Council has issued a notice mentioning the closure due to administrative reasons. This decision precedes the CJP's planned 'Lehra do Tiranga' march in the area. Visitors planning to access the park on these dates should be aware of the closure.

Cemindia Projects raised Rs 1,400 crore through a qualified institutional placement priced at Rs 1,108 per share, attracting 2.3 times demand over the base issue. Leading mutual funds participated as the company secured strong credit ratings and shares rallied.

Indian Bank, UCO Bank, South Indian Bank and Karur Vysya Bank reported double-digit Q2 profit growth, supported by core income and loan expansion. However, rising bond yields hurt treasury earnings, while improving asset quality and provisions shaped quarterly performance.

Paras Healthcare has set its IPO price band at Rs 660-693 per share, targeting Rs 1,450 crore. Opening October 21, the issue will fund debt repayment and corporate needs, supporting expansion across its hospital network in India.

AI can perform tasks efficiently in controlled environments, but real business operations often present unforeseen challenges. Poor data quality and fragmented systems can undermine the effectiveness of AI tools in daily activities. Businesses may need to evaluate which tasks are suitable for automation while ensuring human oversight for complex issues.

On Thursday, the Nasdaq index fell sharply, hitting near a near-month low amid rising concerns about how increasing interest rates might impact investments in artificial intelligence and related sectors.

In a recent post on X, Elon Musk proposed the intriguing notion of launching an Amazon rival, sparked by frustrations over Amazon's obstruction of Grok bots from placing orders. This latest comment underscores Musk's continuing rivalry with Jeff Bezos in both tech and space industries, while users on X share their excitement about the potential new service, reflecting the competitive and innovative landscape of e-commerce.

Apple is set to launch its innovative foldable smartphone, the iPhone Duo, for pre-orders in India starting October 16. This device price starts at Rs 2,99,900 for the 256GB version, with the premium model priced at Rs 4,49,900. Shoppers have the choice of two striking colors and four different storage capacities. Customers can easily place pre-orders via Apple's online store, and the official launch will take place on October 23.

Rather than showcasing luxury, John Abraham's 4,000-square-foot Villa In The Sky captivates with its elegant architectural contours and spacious interiors. The subtle yet refined decor suggests a character that prefers functionality, privacy, and tranquillity instead of ostentatious extravagance.

Gold rate on Thursday jumped but experts have pointed out a few factors that may cause worry for investors.

India's balance of payments showed a surplus of $45.4 billion in August, despite a current account deficit. Net transfers, which include remittances, increased to $12.8 billion compared to the previous year. The capital account saw inflows of $50.6 billion, significantly higher than last year's $0.5 billion. Central bank measures to attract capital inflows have resulted in substantial foreign-exchange deposits.

CoreWeave's financial distress is highlighted by its $50 billion debt and significant default risks, causing stock prices to drop. Investors express concerns about how the AI industry's expansion is financed, especially with rising interest rates. The company's efforts to secure an investment-grade rating indicate attempts to access more capital. Analysts project a bleak future for many neoclouds, with potential shutdowns by 2030.

Kotak AMCs Nilesh Shah cited Hindustan Zinc as an example of how strategic divestment combined with a retained minority stake can create long-term national wealth. He said the governments remaining stake is now worth over Rs 62,000 crore and expressed hope that IDBI Banks divestment would deliver similar value.

Sarbananda Sonowal addressed a large gathering at the BJP's Jan Jagaran Rally in Dibrugarh. He asserted their commitment to India's unity, sovereignty, and security while criticizing the Congress party. Sonowal claimed the opposition spreads misinformation and undermines national progress, challenging their stance on the electoral rolls. He praised Prime Minister Narendra Modi for his vision of a developed India.

Union Minister HD Kumaraswamy has accused Karnataka Minister Priyank Kharge of shielding blackmailers in the ongoing controversy. He challenged the state government to investigate the allegations against him involving a sting operation. Kumaraswamy emphasized the selective action of the government while questioning its ties to the involved journalist.

Shreyas Iyer, currently the captain of Indian national T20 cricket team. His Mumbai home is located on the 48th floor in Lower Parel area. Reportedly the house costs approximately 12 crores. His luxurious home features a dedicated gym, gaming room and a seperate sneaker room.

The rupee concluded the day on Thursday with a gain of 10 paise, reaching 95.05 against the dollar. This strengthening occurred as forward premiums climbed to levels not seen in more than four years, creating a climate of uncertainty. The Reserve Bank of India took actions that impacted substantial forex derivatives, elevating hedging expenses.

Tech Mahindra announced a 1:1 bonus share issue and Rs 15 interim dividend as it celebrated its 40th anniversary. The company expects bonus shares to be credited by December 15, 2026, subject to approvals, with October 23 as dividend record date.

L Murugan has resigned from the Union Council of Ministers to focus on strengthening the BJP in Tamil Nadu. President Droupadi Murmu accepted his resignation on Thursday after Murugan expressed his intentions. His resignation raises speculation about a possible reshuffle within the Union Cabinet. Earlier, he submitted his resignation on Tuesday, emphasizing the significance of his return. This decision indicates his commitment to enhancing the party's presence in the state.

India and Canada will conduct the next round of negotiations for the Comprehensive Economic Partnership Agreement in early November. The fifth round of negotiations was recently completed on October 9 in Canada. Discussions between Commerce Minister Piyush Goyal and Canadian counterpart Maninder Sidhu highlighted the need to advance these negotiations. Both countries hope to conclude the talks by the end of this year.

Wholesale inflation rose unexpectedly in September due to significant increases in fuel costs and other goods. The Labor Department reported a 6.3% rise in the producer price index compared to last year. Month-to-month wholesale prices increased by 1.3%, marking the largest monthly jump since March 2022. Core prices also saw a notable rise, up to 5% from the previous year.

The government signed contracts worth Rs 4,106 crore for the Indian Air Force and the Indian Navy. One contract is for a GSAT-7C satellite to improve communication capabilities. The other is for Varunastra torpedoes designed to enhance anti-submarine warfare capabilities. Both contracts aim to promote self-reliance in defense manufacturing in India. This move aligns with the governments Aatmanirbhar Bharat and Make-in-India initiatives.

A dead man washed ashore in Spain carrying secret military documents that would eventually reach Adolf Hitler. But the officer he appeared to be was entirely fictional, and the letters in his briefcase were part of a carefully planned British intelligence operation. During World War II, British agents gave a homeless Welshman a false identity and used his body to plant misleading invasion plans.

Four BSE 500 stocks, including Sun TV Network, Allied Blenders and Distillers, Leela Palaces Hotels & Resorts and Shyam Metalics, hit fresh 52-week highs, gaining up to 32% over the past month amid a broader market rally.

IRDAI is working on a Public Insurance Registry to enhance insurance data sharing among stakeholders. The beta version is scheduled for January 2028, as announced by Chairman Ajay Seth. This digital platform aims to standardise and facilitate the exchange of insurance information. Feedback from industry participants is requested to improve the proposed system, with an extended deadline of October 17, 2026.

A building collapsed following an explosion at a house in the Sarnath area of Varanasi, Uttar Pradesh. Police officials reached the spot, and further details about the incident are awaited.

Jio Platforms plans to use IPO proceeds of up to Rs 27,500 crore to repay borrowings and move towards net debt-free status. Akash Ambani also highlighted opportunities in India's projected $1.4 trillion digital economy by FY31.