The Economic Times

Persistent Systems plans to raise more than

The Patna Municipal Corporation is set to launch

NEW YORK - Nike unveiled on Wednesday its first-ever running shoe designed specifically for India, marking the sportswear giant's latest bid to reach shoppers in the world's most populous country as it grapples with a sales slump in other key regions including China.The shoe, dubbed Vegam Run, follows Nike's announcement earlier this month that it plans to open a new campus in India, where it is seeking to make inroads amid a running boom.The running shoe is set to be released on India's e-comme

Nasdaq 100 Index futures dropped 0.9% and contracts for the S&P 500 slipped 0.4% as Alphabet slumped 10% in extended trading after the Google parents sales underwhelmed. MSCI Inc.s Asia Pacific equities gauge climbed 0.3%, led by gains in Japans Nikkei 225 and South Koreas Kospi indexes.

Jio Platforms made a remarkable entrance in the stock market, soaring 21.4% above its IPO price on the first day of trading. Closing at

US Vice President JD Vance has reached out to Mohsen Rezaei in hopes of opening negotiations with Iran. This initiative comes as President Trump considers military strikes after the upcoming midterm elections. While trying to facilitate dialogue, Vance navigates internal conflict regarding the ongoing war. Rezaei has stated that Iran will not negotiate until its core demands are met.

Several mutual fund houses have temporarily stopped accepting fresh investments in gold fund-of-funds, impacting investors. These changes affect new lump-sum investments, SIP registrations, and switch-ins, leading to uncertainty. Gold fund-of-funds invest in Gold ETFs rather than physical gold, providing easier access for retail investors. For those unable to invest in gold fund-of-funds, Gold ETFs remain a viable option with no current restrictions.

The Indian rupee closed at 95.22, reflecting a minor drop attributed to ongoing market pressures. With traders exercising caution ahead of the critical decision from the US Federal Reserve, the prevailing demand for dollars and high oil prices are weighing on the currency's stability. Throughout the trading session, the rupee oscillated between 95.25 and 95.00, with the Reserve Bank of India likely stepping in to prevent further declines beyond 95.25.

Indian equities ended lower on Wednesday, primarily driven by selling in heavyweight stocks. Information technology and oil and gas shares experienced significant declines, falling more than 2%. The Nifty 50 index settled at 22,699, down 51 points, indicating ongoing resistance at 22,800. Several companies, including Jio Platforms and Hero MotoCorp, reported their quarterly earnings that impacted market sentiment.

The Reserve Bank of India has increased the cut-off yields for treasury bills after canceling a prior auction. Yields of the 91-day, 182-day, and 364-day bills experienced a significant rise. While system liquidity has dropped compared to last month, it still remains in a positive state. Traders are bracing for additional hikes as they face liquidity constraints and high oil prices, with the 10-year yield standing at 7.

Indian equity markets took a hit on Wednesday, primarily due to declines in the IT sector and escalating crude oil prices. Both the Sensex and Nifty closed lower, showcasing investors' cautious mood amidst significant intraday drops. Key downturns were influenced by Reliance Industries along with various IT stocks, but the auto sector and select banking stocks sparked some buying activities that alleviated part of the losses.

The Securities and Exchange Board of India is set to release a consultation paper aimed at refining compliance requirements for foreign portfolio investors. Chairman Tuhin Kanta Pandey highlighted the progress in the onboarding of international funds while pointing out the heavy compliance burden in India. Sebi is also considering the possibility of self-listing for stock exchanges despite the challenges that may arise.

In their latest meeting, Federal Reserve officials decided to keep interest rates steady, reflecting a measured approach towards inflation concerns. Not all agreed, however; two officials pushed for an increase to counteract growing prices. Current economic indicators reveal robust growth, driven by increased consumer spending and investment. Analysts are keenly awaiting upcoming inflation data to better gauge the Fed's policy direction, which aims for a 2 percent inflation target.

As Indian business families navigate the intricate landscape of wealth transfers, they confront significant hurdles in succession planning. Establishing flexible frameworks for responsible wealth management across generations is imperative. Engaging younger members in conversations about values and governance fosters unity. Ultimately, preparing future heirs to effectively manage and amplify their inherited wealth is the primary objective.

Hindustan Unilever posted a turnover of

Jio Platforms became the 3,138th company to list on the NSE after a significant public offering. The listing resulted in a notable 21.36% increase, making Jio the second most valuable Indian company. Mukesh Ambani expressed strong emotions as he witnessed his children outline their vision for the future. Following the listing ceremony, the family visited a temple and celebrated with a drone show.

The Union Cabinet has approved significant schemes to enhance India's manufacturing infrastructure and capacity. The 10,000 crore Container Manufacturing Promotion Scheme aims to increase container production substantially by 2040. Additionally, the Pradhan Mantri Viksit Gram Swaraj Yojana will be implemented from 2026-27 to 2030-31, providing crucial funding. The Khelo India Sports Goods Manufacturing Scheme will also support sports equipment production from 2026 to 2034.

The government has announced an extension of the Production Linked Incentive scheme for the textiles sector until 2034. This change aims to encourage more companies to participate by relaxing eligibility norms for investment. The textiles ministry has reduced the minimum turnover requirement for certain manufacturers from 200 crore to 100 crore. A reopened application portal will accept submissions for manufacturing various textiles from November 1 to December 31.

US stock markets ended on a high note after the Federal Reserve opted to maintain current interest rates while gauging the economic landscape. A notable resurgence in chipmakers, fueled by strong results from SK Hynix, played a key role in this upward momentum. Analysts are now speculating a significant chance of a rate hike in December.

Federal Reserve Chairman Kevin Warsh said on Wednesday that the US economy is not running too hot despite some demand pressures from the boom in AI investment, adding

Micro, Small & Medium Enterprises minister Jitan Ram Manjhi announced the release of 1,000 crore in subsidy. This funding aims to support 11,333 new micro enterprises while facilitating bank credit of 3,260 crore. The initiative is anticipated to create over 1.02 lakh sustainable employment opportunities, primarily in rural areas. The subsidy is part of the Prime Minister's Employment Generation Programme, designed to boost grassroots entrepreneurship.

The Landscape of Green Finance in India, now in its fourth edition, maps actual finance flows or disbursements across sources, instruments, sectors, and subsectors for financial years 2022-23 and 2023-24. According to the report, while green finance has increased substantially between 2016-17 and 2023-24, financial flows remain concentrated in established sectors and technologies.

The report, which was released on Wednesday, said the annual average heat-related deaths rose by nearly 36% globally after the Paris Agreement was introduced. In 2023 alone, heat was linked to a record 710,000 deaths with more than 70% of that toll attributable to human-caused climate change, it said.

Starting November 1, small online sellers will have a new option for GST registration. They can use ecommerce warehouses as local bases in other states, promoting nationwide sales. This initiative is part of a broader effort to simplify regulations and reduce expansion costs for small traders. Eligible sellers must meet specific conditions, including tax liability limits and operator consent.

The CBI's recent decision to withdraw its petitions for relocating the trials of post-poll violence in West Bengal marks a pivotal moment in the state's political dynamics. With BJP's Suvendu Adhikari now at the helm post-2026 elections, initial fears of unfair trial conditions seemed less pressing.

Prediction markets are actively trading Anthropic contracts following the company's IPO filing earlier this week. Traders are making binary bets on various elements of the IPO, such as its valuation and listing exchange. Anthropic's IPO could potentially value the company between $1.5 trillion and $2 trillion, offering a keen financial interest. Platforms like Polymarket and Kalshi are facilitating these bets and generating excitement among investors.

Defence minister Rajnath Singh cautioned that the transfer of sensitive technology to Pakistan was fraught with risks, including the possibility of weapons-related know-how leaking to third nations. The recent clearances to sell F-16 fighter jet sustainment packages to Pakistan were also raised during the meeting.

Terrestar Solutions Inc. has entered into a partnership with Space42 Plc and Viasat Inc. to enhance mobile satellite connectivity. This collaboration aims to create an open standard for sharing satellite infrastructure globally. The parties signed a memorandum of understanding in Ottawa during an important diplomatic visit. Terrestar plans to develop a low-Earth orbit satellite system to improve coverage in underserved areas.

Facing an anticipated Rs 200 crore dip in income from proposed cuts to insurance commissions, Bandhan Bank's managing director, Partha Pratim Sengupta, warns of potential ripple effects across the banking industry. To counter these challenges, the bank is set to reshape its business model and focus on enhancing mutual fund distribution. Moreover, its limited exposure to drought-impacted regions in Karnataka and Maharashtra helps mitigate overall financial risks.

Amazon has confirmed a new wave of layoffs, impacting approximately 250 workers within its devices division. Just weeks ago, the company cut around 1,000 positions from its core retail sector. These reductions aim to enhance operational efficiency and align with future product strategies. Meanwhile, both Microsoft and Dropbox have joined the trend, recently announcing their own workforce cuts amidst a tech industry facing widespread layoffs in 2026.

Power Grid anticipates its capital expenditures will exceed 40,000 crore, focusing on transmission infrastructure. This increase is necessary due to growing electricity demand across the country. The company emphasized the importance of cable and wire manufacturers preparing for this demand surge. Additionally, the Green Energy Corridor-III program presents further opportunities for these manufacturers. Efficient transmission planning is crucial as India expands its renewable energy capacity.

Wendys shares jump after Nelson Peltzs Trian Fund Management offers $7.35 per share to take the burger chain private, as the company faces high beef costs, weaker consumer demand, store closures and intensifying competition in the US fast-food market.

September witnessed a decline in India's factory output growth, falling to 6.7%, the lowest rate observed in four months. The drop is largely linked to a high base effect and decreased mining activity. Despite this, manufacturing output surged by 7.6% compared to the previous year, while electricity generation also grew, spurred by robust demand even with insufficient rainfall. Economists anticipate GDP growth to surpass 7% for the July-September period.

Apple Pro and Tell: Apple has launched its first touchscreen MacBook Pro at the Pro and Tell event, with US prices starting at $2,899. Apple has opened preorders for the new touchscreen MacBook Pro models, with availability scheduled to begin on November 6 Here's what buyers in the US, UK and Canada need to know about pricing, new features and availability.

The US Federal Reserve has decided to keep its benchmark interest rate unchanged to evaluate inflation trends. Policymakers are assessing how high inflation might affect future monetary policy amid the upcoming midterm elections. Rising energy prices and tariffs contribute significantly to the ongoing inflation pressures faced by the economy. Traders are closely monitoring the upcoming Personal Consumption Expenditures inflation report for indications of future rate hikes.

Commodity prices were projected to rise 23% in 2026 as the Middle East war disrupted energy supplies and shipping, while grain disruptions and safe haven demand pushed food and metals prices higher. The World Bank warned that further conflict escalation and a severe El Nio could intensify inflation and food security risks.

The Ramses II colossal statues discovery in Egypt began when a farmer Khaled el-Shahat Khalil growing cucumbers unearthed ancient statue remains on his land. The discovery earned him and his wife a trip to Mecca to perform Umrah. The discovery occurred while Khalil was growing cucumbers in a greenhouse on his land

The ministry said it has released funds under the Integrated Programme for Senior Citizens (IPSrC), a component of the Atal Vayo Abhyuday Yojana (AVYAY), for the financial year 2026-27.

On October 30, a workshop will be organized by the DGFT, Karnataka government, and FIEO in Bengaluru. The event aims to enhance Karnataka's export competitiveness and awareness of Free Trade Agreements. Nearly 200 participants, including exporters and industry officials, are expected to attend. Technical sessions will cover opportunities in various sectors and policy interventions under new FTAs. Senior officials and the state minister will address attendees at this important event.

On October 30, Prime Minister Narendra Modi is set to launch the 24th installment of the PM-Kisan scheme in Gujarat, aiming to support over 9.34 crore farmer families across the country with more than Rs 18,680 crore. In Gujarat alone, financial assistance surpassing Rs 1,051 crore will be granted to over 52.33 lakh farmer families.

Satin Creditcare Network reported a more than three-fold rise in consolidated net profit to Rs 176 crore in the second quarter, helped by lower microfinance provisions, portfolio growth and improved asset quality. Its gross NPA ratio improved to 1.9% from 3.5% a year earlier, signalling a recovery from earlier stress.

Cholamandalam Investment and Finance reported a 41% rise in second-quarter net profit to Rs 1,630 crore, helped by strong income growth, higher loan disbursements and lower loan losses. The companys board approved a proposal to raise up to Rs 5,000 crore through a qualified institutional placement.

Hero MotoCorps Q2 FY27 consolidated profit rose 41% to Rs 1,860.55 crore, while revenue increased 23% to Rs 14,970.50 crore. Scooter sales surged 47%, VIDA retail sales grew 76%, and international expansion strengthened growth prospects.

Google services, including YouTube and YouTube Music, have reported significant issues on October 28, 2026. Thousands of users faced problems accessing these platforms, with complaints rising sharply throughout the day. Users encountered issues streaming videos and loading content, prompting discussion on social media. Despite reports of widespread problems, Google's official status dashboard shows services operational. The cause of these issues remains unclear and has not been confirmed by Goog

Indian markets closed lower on Wednesday as rising crude oil prices and Middle East tensions hurt sentiment. Sensex fell 353 points to 73,246, while Nifty slipped 51 points to 22,699 despite a late recovery.

Shares of British homebuilders plummeted following finance minister John Healey's budget speech about housing initiatives. The delays surrounding the launch and funding of the awaited 'Your First Home' scheme have analysts worried that it wont receive long-term financial support. Prominent companies like Barratt Redrow, Taylor Wimpey, and Persimmon experienced sharp declines, which could further hinder the timeline for new site developments that builders are eager to pursue.

Indian retail investors are increasingly venturing into global markets, significantly boosting their overseas investments. In response, domestic asset managers are introducing new funds to meet the rising demand for international exposure. With the Reserve Bank of India's limits on overseas investments nearing their cap, many investors are exploring tax-friendly locations like GIFT City.

UK minimum wage 2027: The UK minimum wage will rise by 3.9% in April 2027, taking the hourly rate to 13.21 for workers aged 21 and over and 11.27 for those aged 18 to 20. Here's what to know about the new minimum wage 2027, how much more workers will earn and when the new rates take effect.