The Economic Times

In a decisive move, the Bank of England has escalated interest rates to 4% amidst spiraling inflation, projected to hit 4.8% in Q2 next year. Governor Andrew Bailey cautioned that further hikes may be necessary, especially with ongoing global conflicts. Market reactions were notably favorable, with the British pound gaining strength against the US dollar. Enhancements in economic data have prompted economists to revise growth forecasts upwards.

Mahindra Lifespace Developers, the real estate and infrastructure development arm of the Mahindra Group, has acquired 100 acres of land along the Karjat-Murbad road in the Mumbai Metropolitan Region (MMR) for a plotted development project, marking its entry into the segment in the region.The company is likely to start the project around the middle of the next financial year. It is also looking to acquire additional land in the area, according to people familiar with the development.The land acqu

Gold returns: Gold prices have seen a sharp decline after peaking earlier this year, resulting in varied investment outcomes. With Dhanteras on the horizon, many buyers are hopeful for profits despite the market's fluctuations. Experts recommend a cautious approach, favouring staggered purchases over lump sum investments. Looking ahead, price predictions suggest that global economic factors will play a significant role in shaping future gold values, making it crucial for investors to stay inform

Ten BSE 100 stocks, including Marico, Adani Ports, Divis Laboratories and ICICI Bank, hit fresh 52-week highs on Thursday as benchmark indices staged a sharp rally.

Indian government bonds saw a rise as traders reacted to a US Treasury rally and falling crude prices. The benchmark 6.94% 2036 bond yield declined by nearly 2 basis points after intraday fluctuations. Oil prices rebounded after initially falling, causing traders to lock in profits. Attention will turn to upcoming inflation data, with expectations for an increase in October.

Indias Securities and Exchange Board of India (SEBI) has greenlit the introduction of net settlement for mutual fund schemes, set to take effect on April 1, 2027. This initiative is designed to streamline funding requirements and boost market efficiency. Previously, net settlement was exclusive to foreign portfolio investors. Eligible transactions will now be confined to sales or purchases of a specific security, while cross-scheme netting will remain prohibited.

New Delhi: Mehli Mistry has challenged his removal as a trustee of Sir Dorabji Tata Trust (SDTT) and Bai Hirabai Jamsetji Tata Navsari Charitable Institution before the Maharashtra Charity Commissioner, alleging procedural irregularities and violations of trust governance rules.In three rejoinders and applications filed before the Deputy Charity Commissioner, Mistry has questioned the legality of the decisions leading to his removal, the eligibility of certain trustees and their participation in

Ajay Srivastava, Founder of the Global Trade Research Initiative (GTRI) said the election results could push Trump to focus more on trade negotiations and expedite the proposed agreement with India.

Gadi Eisenkot is emerging as the potential candidate to form an Israeli government following recent elections. President Isaac Herzog is consulting with political parties to select an appropriate candidate. Netanyahu's typical support group, United Torah Judaism, declined to recommend him for prime minister. Eisenkot has received support from the Raam list, including Arab-Israeli lawmakers. The political dynamics remain fluid, with no leader having secured a majority yet.

Several flights across Europe were diverted and made emergency landings due to bomb threats received recently. Airports in Prague, Sofia, and Evreux were among those involved in these emergency responses. Inspections revealed no hazardous materials on board the flights after their safe landings. Authorities suspect these incidents may be hoaxes linked to heightened geopolitical tensions in the region.

India has voiced its opposition to a Pakistan-led UN resolution on regional arms control, asserting that arms control transcends regional boundaries. With approximately 180 nations endorsing it, both India and Israel stood alone in dissent. India reiterated its long-standing position on arms control as a matter of principle, while a few other countries, including the U.S., shared hesitations about the resolution.

Investors in India are navigating a challenging landscape as the equity markets descend into significant losses. Selling off assets at this juncture could incur financial damage, yet deferring such decisions may hinder urgent expenses. By maintaining fixed-income portfolios, investors can secure consistent cash flow to address short-term needs. To enhance portfolio resilience, diversifying between stocks and bonds becomes vital for achieving growth while safeguarding capital for future endeavors

During the festive season, it is essential for buyers to ensure the gold they purchase meets purity standards. They can use the BIS Care app to verify the HUID of jewellery. Checking for the three hallmark marks ensures authenticity and quality before making a purchase. Buyers should also verify the jeweller's BIS registration details before finalizing a transaction.

AI, data and cybersecurity represented 30.3% of tech hiring demand in the JulySeptember quarter, up from 25.8% in the preceding quarter, according to a report by staffing and workforce solutions company Quess Corp.Indias global capability centres (GCCs) are directing a greater share of their technology recruitment towards specialists who can deploy AI, manage data and secure enterprise systems, the India GCC Tech Talent Landscape Q2 FY27 report said.Demand for AI, data and analytics professional

Mr. Kumar, a diligent stock trader, faced considerable financial setbacks but overlooked the necessity of a tax audit. In response to his failure to comply with audit rules, the Income Tax Department slapped him with a penalty. After an unsuccessful appeal to CIT (A), he sought relief from ITAT Cuttack, which determined that Kumar's trading did not equate to business income needing an audit.

Eleven smallcap stocks have maintained net profit margins above 10% in both Q1 and Q2FY27, while delivering share price gains of 151% to 352% so far this fiscal year.

The Indian rupee climbed to its highest value in two weeks, following a notable fall in oil prices. This uplifting trend was mirrored by a stark rise in Indian stock markets and a reduction in bond yields. Recently, foreign investments poured into Indian equities, showcasing hefty net purchases. Analysts emphasize that ongoing investment inflows are crucial for bolstering the rupee further, as market sentiment improves amid reduced energy cost pressures.

Eurozone government bond yields edged lower as oil prices stabilised and investors assessed easing geopolitical risks following US midterm elections. However, rising inflation, potential ECB rate hikes and political uncertainty in France continued to shape market sentiment and influence European debt markets.

The revised Agnipath scheme has raised questions about regular jobs, seniority and whether the original recruitment model has been scrapped. The government has clarified that the first 25% of Agniveers will enter regular service after four years, while the remaining 75% will serve an additional two years before enrolment, with their seniority protected.

BSP chief Mayawati has raised concerns about the credibility of electronic voting machines and fair elections. She stated that many people are demanding a return to the ballot paper system. Mayawati linked these election integrity issues to broader socio-economic challenges faced by the country. The BSP's longstanding opposition to EVMs has gained traction, particularly among younger voters.

Initially introduced to the U.S. in the 1930s to alleviate soil erosion caused by the Dust Bowl, weeping lovegrass rapidly expanded across vast areas of Oklahoma and Texas, proving valuable to ranchers seeking forage. However, this once beneficial species turned invasive, jeopardizing the survival of native plants. This situation serves as a poignant reminder of how immediate solutions can inadvertently lead to sustainable ecological challenges over time.

Chennai Super Kings and Sunrisers Hyderabad have completed a significant four-player trade before the IPL 2027 auction. Liam Livingstone and Jack Edwards will join CSK while Khaleel Ahmed and Nathan Ellis head to SRH. Livingstone joined CSK at a reduced fee, having previously been signed by SRH for a higher amount. Khaleel makes a return to SRH following an impressive IPL 2025 campaign.

Union Minister Ashwini Vaishnaw urged opposition leader Rahul Gandhi to debate on political issues in Parliament. He emphasized that discussions should occur in the legislative forum rather than on social media platforms. Vaishnaw criticized the Congress party for undermining democracy and for previously introducing electronic voting machines. Rajasthan Chief Minister Bhajanlal Sharma also questioned Congress's understanding of democracy and its history of toppling governments.

New Delhi:c Tata Sons Chairman N Chandrasekaran has met Italian Prime Minister Giorgia Meloni at Palazzo Chigi in Rome, with the acquisition of Italian commercial vehicle maker Iveco Group by Tata Motors featuring prominently in discussions amid growing strategic industrial and economic ties between the two countries.Sources said Chandrasekaran presented the Tata Group's strategy following the Indian conglomerate's acquisition of a controlling stake in Iveco Group, one of Italy's leading commerc

Donald Trump's US midterm election defeat could strengthen China's hand in upcoming US-China trade negotiations, giving Beijing leverage to push for tariff reductions and other concessions. However, Beijing remains wary of a potentially more hawkish US administration after Trump. China's concerns include Taiwan arms sales, a possible Iran war escalation, energy security and the future of its fragile trade truce with Washington.

Former Prime Minister Sheikh Hasina intends to return to Bangladesh from exile in India next month. She has been sentenced to death for her government's actions during a crackdown on protests. Hasina expressed her willingness to face arrest and possible imprisonment upon her return. Her political party continues to face significant challenges under the current administration. Concerns have been raised about the rising influence of radical groups in the country.

Amit Shah accused Rahul Gandhi of creating disruptions in Parliament and resorting to boycotts as a Congress culture. He asserted that a responsible discussion should take place within Parliament regarding electoral roll revisions. The 'Loktantra Bachao, Arajakta Hatao' march was organised in Karnal with significant participation from BJP leaders and supporters. Shah demanded transparency about Rahul Gandhi's foreign visits due to his position as the opposition leader.

The Centre has issued an advisory to states and Union territories to improve fodder security and livestock infrastructure. This advisory promotes convergence under the Viksit Bharat-Guarantee for Rozgar and Ajeevika Mission Act, 2025. It identifies 22 permissible works supporting fodder cultivation, livestock shelters, and veterinary health facilities. States are encouraged to increase expenditure on these works while aligning with local development priorities.

The Ministry of Labour and Employment has raised the Employees' Provident Fund wage ceiling to enhance participation. Employees earning between Rs 15,000 and Rs 25,000 will now be required to join the schemes. Those earning less than Rs 15,000 can also opt into the schemes voluntarily. This increase in ceiling may lead to higher PF contributions and, consequently, greater retirement savings.

Tata Power Renewable Energy Ltd has successfully commissioned a 300 MW solar project located in Koppal, Karnataka. This project is expected to generate approximately 810 MUs of renewable energy each year. The project will assist in reducing around 103,820 tonnes of carbon emissions annually. Notably, about 16 women professionals represent nearly 40 percent of the workforce employed at the site.