The Economic Times

Nike stock after NKE earnings: Nike stock is down after the company reported a quarterly revenue miss and forecast a high-single-digit revenue decline for fiscal 2027. Nike also announced layoffs as part of a restructuring plan expected to generate about $2.5 billion in savings through fiscal 2031.

A recent AP-NORC poll shows Donald Trump's approval rating has plummeted to 31%, reflecting increasing public dissatisfaction. With midterm elections on the horizon, voters voiced their worries about the economy and rising prices, emphasizing 17% approval for Trump's management of cost of living. In response, White House spokesperson Davis Ingle defended Trumps record by pointing out his significant policy achievements that could influence the forthcoming elections in November 2026.

Asset reconstruction companies have called for improved government intervention to accelerate debt recovery through DRTs. They proposed changes including automatic lapse of interim stays after two months and better notification processes for creditors. Additionally, they requested timely filling of DRT vacancies and enhanced electronic services for litigation. The Sarfaesi Act has been highlighted as an essential tool for banks in asset recovery.

The Reserve Bank of India has asked banks to identify systemic, process and operational gaps behind recurring customer complaints and conduct root-cause analysis to reduce their recurrence. The regulator also called for stronger capacity building and grievance handling. More than 1.33 million complaints were received under the ombudsman scheme in FY25.

Emirates flight EK31, an Airbus A380 flying from Dubai to London Heathrow, was diverted to Frankfurt after a passenger suffered a medical emergency on board. The aircraft landed safely and the passenger was taken for further medical care. The diversion came just days after a separate flydubai flight to Israel was forced to make an emergency landing after its co-pilot allegedly stabbed the captain.

Rick Ross has been arrested in Miami Beach following allegations made by a woman regarding domestic violence. The woman claims he struck her and restricted her breathing during an altercation at his residence. Ross has turned himself into the police and faces charges of battery by strangulation and misdemeanor battery. His attorney denies the allegations and emphasizes Ross's innocence as the legal proceedings unfold.

President Vladimir Putin stated that Russia is prepared to use its entire arsenal if Kaliningrad is endangered. Speaking at the Valdai Forum in Moscow, he emphasized that aggression would provoke a response. Putin clarified that Russia does not intend to initiate attacks against anyone. The comments reflect ongoing tensions regarding the Baltic exclave of Kaliningrad.

Abhijeet Dipke, founder of the Cockroach Janta Party, was briefly detained by Mumbai Police on Marine Drive. This occurred a day before a planned protest demanding the resignation of Chief Election Commissioner Gyanesh Kumar. The CJP's initial protest at Shivaji Park was denied permission due to various concerns. Following this denial, Dipke announced a mass voluntary arrest campaign to continue their efforts.

The Calcutta High Court has adjourned the case regarding prayers at Bankra Mosque until October 7. The mosque predates the airport, which started operations in 1924, and had allowed access for many years. Access to the mosque was stopped on July 11, raising concerns for local worshippers. The Airports Authority of India noted recent security breaches around the area of the mosque.

NASA is planning three investigations on the Moon to gather essential information for a future lunar outpost. These investigations will monitor environmental conditions, explore for underground lava tubes, and search for lunar ice resources. The data collected will inform the design and safety of structures supporting human activities on the Moon. NASA aims to leverage commercial services for delivering scientific payloads to the lunar surface.

Eloise has spent much of the series unsure about marriage. She struggles with the expectations placed on young women in Regency society. The idea of formal courtship has never appealed to her. For Eloise, freedom has often seemed far more exciting than finding a husband.

A recent survey reveals that a rising number of Americans are unhappy with how Trump is managing the economy and increasing prices. Citizens attribute the high cost of living to his policies, creating worries about affording essential items. Approval ratings for Trump's economic strategies have plummeted, leading to disappointment even among Republicans.

In a startling incident in the South Pacific, the yacht named Tai Tam was collided with by a sperm whale, which caused extensive damage. The strike led to significant flooding and failure of the steering system. After hours of battling to keep the yacht afloat, the crew had to evacuate to a life raft.

Delhi High Court has ruled that foreign nationals do not have an inherent right to enter India. The court stated that holding a visa does not guarantee unconditional entry into the country. A woman's plea for entry was dismissed after concerns about her travel history were raised.

Dana Whites journey from working several jobs to becoming a popular UFC personality has been marked by significant financial and lifestyle changes. Raised by his nurse mother and grandmother, White worked jobs that included being a hotel bellboy and road worker before eventually becoming involved in the UFC. The supplied account says he helped purchase the organization for $2m in 2001 before its $4billion sale 15 years later.

ICC ODI World Cup 2027 Full Schedule: The tournament will begin on October 2, 2027, with the qualifying Super Series in Windhoek before the main group stage starts on October 7. India and Pakistan are among the teams in Group A, with their match scheduled for October 10. The tournament will progress through the Super 7 phase before the semi-finals and November 21 final in Johannesburg.

A leather journal made in a Portland garage became the starting point for Portland Leather Goods, a company that grew far beyond local craft markets. Curtis Matsko and his partner built the business around direct sales, durable leather and accessible prices. Etsy helped push the brand to a much larger audience, while the company continued growing without outside investment or venture capital.

Anup Bagchi, who has spent 34 years at ICICI Group, will join HDFC Bank as managing director. He has held various leadership roles, overseeing retail and wholesale banking functions. Bagchi's appointment comes after the RBI approved it, succeeding Sashidhar Jagdishan. Known for his informal manner, he led the bank through challenging times like demonetisation.

Adani Group has projects worth Rs 2.6 lakh crore completed or underway in Maharashtra, with its overall investment blueprint exceeding Rs 6 lakh crore. Investments span energy, aviation, data centres, urban redevelopment and transmission, alongside major Mumbai infrastructure projects.

Sebi has revamped its Document Number Verification System, making a letters subject matter mandatory for authentication. The upgraded system aligns with Sebis E-Office format and lets recipients verify physical letters, notices and show-cause notices issued by the regulator.

In the second quarter, several Indian banks reported that credit growth outpaced deposit growth significantly. Canara Bank experienced a credit growth of 19.4% compared to a 13.1% increase in deposits. Similarly, Indian Bank showed a credit growth of 16.6%, while deposits grew only by 12.4%. This trend was seen across most banks, though South Indian Bank was an exception.

Jio Platforms is on the verge of launching what is projected to be the largest public offering in India, targeting USD 3.8 billion. International roadshows spearheaded by Akash Ambani and Isha Ambani have garnered interest. Following approval from Sebi, Jio Platforms plans to release new equity shares, constituting about 2.9 percent of its base.

The Reserve Bank of India (RBI) on Thursday finalised its July proposal to simplify bank shareholding rules, allowing eligible mutual funds, insurance companies and pension funds to seek one-time approval for subsequent acquisitions of major shareholding of up to 10 per cent in the same bank.

Digital insurer ACKO has rolled out three innovative offerings designed for motor insurance, healthcare, and travel needs. The DriveCam is a cutting-edge dashcam that captures driving footage, boosting safety and providing critical evidence. ACKO Clinic enables Bengaluru residents to access healthcare services, including doctor consultations and health check-ups. Meanwhile, AirPass is a travel subscription service that assists domestic flyers in handling delays and cancellations, aiming to proac

The Securities and Exchange Board of India has temporarily suspended the draft offer documents for Inox Clean Energy's upcoming initial public offering. The company aims to raise a substantial Rs 10,000 crore, including new equity shares and a sell-off from its promoters. With operations in renewable energy and solar manufacturing across India and Africa, this IPO is set to bolster its position in the expanding green energy market.

Anup Bagchi has been appointed managing director and CEO of HDFC Bank, effective October 27, 2026. He transitions back to banking after a three-year stint at ICICI Prudential Life Insurance. Bagchi's extensive experience spans various roles in retail, corporate, and investment banking sectors. The Reserve Bank of India approved his appointment and he will also become an additional director at the bank.

Indias IPO pipeline expands as Sebi clears papers for Carlsberg India, Matangi Rubber, Ujin Pharma and TMC Transformer. The approvals come amid strong primary-market activity, with over 50 companies filing draft IPO papers in September despite volatility in broader equity markets.

HDFC Bank appointed Anup Bagchi as Managing Director and CEO, following Reserve Bank of India's approval. Bagchi succeeds Sashidhar Jagdishan, whose tenure ends on October 26, 2023. He has over three decades of experience in financial services, primarily with ICICI Group. Bagchi's leadership positions include executive director at ICICI Bank and CEO at ICICI Prudential Life Insurance. His appointment reflects a thorough assessment of his experience across various banking sectors.

Five capital goods stocks hit fresh 52-week lows as Sensex tumbles

Indian equities extended their decline as elevated crude oil prices and multi-year high bond yields intensified concerns over the 202627 economic outlook. Nifty fell 0.88% and Sensex 0.79%, while broader markets weakened and India VIX climbed sharply.

Christa Gail Pike's execution in Tennessee took a shocking turn when she survived not one, but two doses of pentobarbital. Following the failed attempt, she was moved to a medical facility, miraculously alive. This rare event highlights the uncertainties surrounding lethal injection protocols, igniting a debate on its ethics and reliability as a method of capital punishment.

A new report from Everytown for Gun Safety says chatbot companies may be overlooking warning signs that could help prevent US mass shootings.

The Bombay High Court has raised concerns about the involvement of Parth Pawar in a disputed land transaction. Parth Pawar, who holds a 99 percent stake in Amadea Enterprises, purchased government land at a significantly reduced price. The court highlighted discrepancies in the investigation, questioning why Parth was not named as an accused. A Pune Tehsildar has been granted pre-arrest bail despite being implicated in the case.

Tamil Nadu Chief Minister C Joseph Vijay announced cash incentives for squash players Joshna Chinappa and Shameena Riyaz. They contributed to the Indian women's team winning a bronze medal at the 20th Asian Games in Japan. The state government recognized their achievement and pledged Rs 30 lakh each for their success. This reward aims to encourage athletes from Tamil Nadu who excel in competitions.

A New Delhi court has ordered framing of money-laundering charges against Yasin Malik and six others, including Lok Sabha MP Engineer Rashid. The prosecution alleges that the accused were part of a network that received more than Rs 8.9 crore through hawala channels from Pakistan to fund secessionist activities and violence in Jammu and Kashmir.

PB Fintech shares plunged 50% from their all-time high to drop below the 2021 IPO price of Rs 980. The sharp six-day selloff follows proposed IRDAI regulatory curbs on insurance distribution, prompting brokerages like Bernstein and Jefferies to cut target prices amid earnings pressure concerns.

Indian mainboard IPOs raised a record Rs 94,205 crore in H1 FY27, up 35% year-on-year, driven by a strong late-quarter surge in August and September. Average listing gains jumped to 19% from 7% last year, while overall public equity market fundraising touched Rs 2.43 lakh crore.

Inox Air Products has filed IPO papers with Sebi for an issue entirely comprising an OFS of 7.7 crore shares, with no fresh issue component. The industrial and medical gas maker reported a 4% rise in FY26 net profit to Rs 914 crore and 9% growth in revenue to Rs 3,034 crore.

Inox Air Products has unveiled a draft red herring prospectus as it seeks to raise substantial funds through an initial public offering. As a leading entity in Indias pure-play industrial gases sector, the firm, led by Pavan Kumar Jain, is set to sell existing shares specifically from its promoter group.

Tata Motors Passenger Vehicles shares dipped on Thursday despite a 40% year-on-year rise in Q2 FY27 sales, while the Nifty Auto index declined more than 4%. The company reported strong growth across passenger vehicles and EVs, with quarterly EV sales rising 90%. Investors are now watching festive-season demand and broader auto-sector trends.

India's insurance penetration is at 3.7 per cent of GDP, which is below the global average. While life insurance premiums grew, the number of individual policies sold declined in recent years. The Insurance Regulatory and Development Authority of India is examining changes to improve affordability and transparency in distribution costs. Constraints on insurance growth now relate more to product relevance and trust rather than access.

The Indian stock market will remain closed on October 2 for Mahatma Gandhi Jayanti, with the BSE and NSE shutting trading. MCX and NCDEX will also remain closed. Investors can check the remaining 2026 market holidays, including Dussehra, Diwali-Balipratipada, Guru Nanak Jayanti and Christmas, ahead of the upcoming trading sessions.

Escorts Kubota shares fell sharply on Thursday after September tractor sales declined 16.7% year-on-year, while VST Tillers shares rose 5% as total sales jumped 33%. Escorts cited a high base, festive season shift, patchy monsoon and lower Kharif sowing. Brokerages expect rural demand, festive buying and improving liquidity to support auto-sector volumes.

The Niftys record losing streak has deepened as foreign investor outflows, elevated US bond yields, and geopolitical tensions weigh on sentiment. Analysts say markets remain sensitive to developments in the US-Iran conflict and crude prices, despite resilient domestic growth. Technicals point to a weak near-term outlook, with support at 22,50022,550 and resistance at 22,80022,900. Investors are watching whether they are selling eases.

MTNL shares rose sharply after the companys board approved the sale of its Powai property in Mumbai to the Income Tax Department for Rs 891.53 crore. The asset monetisation comes as the debt-laden PSU seeks to reduce liabilities, which stood at around Rs 40,000 crore in FY26, according to the government.

Indian households are increasingly opting for secured loans, particularly against gold, which surged significantly. Credit card dues and consumer durable loans have shown minimal growth, reflecting a shift in borrowing behavior. Personal loans continue to grow, contributing substantially to overall bank credit, which rose markedly. Loans against gold jewellery increased substantially in percentage terms, likely aided by a favorable base effect.