The Economic Times

The Department of Homeland Security completed about 980,000 deportations during the first 18 months of President Donald Trumps second term, according to a new Migration Policy Institute analysis. The report finds that 71 percent of deported immigrants who had lived in the United States for at least two years had no criminal conviction.

Union Finance Minister Nirmala Sitharaman highlighted the impressive growth of India's digital payments ecosystem. The Unified Payments Interface processes over 2,400 crore transactions every month, showcasing its effectiveness. Sitharaman emphasized the expansion of fintech initiatives that enhance access to credit and investment opportunities. Data centres were granted infrastructure status in 2022, aiding digital infrastructure. The Reserve Bank's new campus will bolster payment systems and p

During a Durga Puja event in Sribhumi district, a Bihu troupe faced an attack from a group of individuals. The group objected to the performance of Assamese songs in the Barak Valley and confronted the troupe members. As a result, several members of the troupe were injured during the incident, prompting public concern.

A 19-year-old man in Kolhapur, Maharashtra, was arrested for allegedly stealing 15 tolas of gold jewellery worth Rs 10 lakh from his uncle and using the money to buy a Mahindra Thar. The accused reportedly invited his uncle to the vehicles puja ceremony, where the missing ornaments came to light. Police also arrested the jeweller accused of purchasing the gold.

Daylight Saving Time: On November 1, Daylight Saving Time will come to an end, rewarding Americans with an extra hour of sleep post-Halloween festivities. This adjustment results in earlier sunsets and gives residents a brighter start to their mornings as winter sets in. Despite the proposed Sunshine Protection Act, Congress has yet to embrace making this time change permanent.

Celebrity house flipping can create an illusion of high profitability while ignoring essential financial details. In the case of Bethenny Frankel, she sold her renovated loft for nearly $7 million after buying it for $4.2 million. However, various costs and unpaid expenses may have led to less profit than expected. The national average for remodeling returns shows that not all renovations guarantee significant returns.

In a fascinating juxtaposition, Idaho voters are deciding on a state gun, while Massachusetts grapples with stringent new firearm regulations. These divergent ballot measures underscore the ongoing dialogue surrounding gun rights and restrictions. Massachusetts has initiated a law mandating serialization and registration of firearms, leading to a public referendum. Conversely, Idaho is presenting a nonbinding question to promote voter engagement.

Dubai resident Mohammed Shakaa brought 53 iPhones, from the first-generation model to the iPhone 18 Pro Max, to an Apple Store while collecting two Apple iPhone Duos. The longtime Apple enthusiast said he had waited more than three years for the device and hopes to attend a future Apple launch in California.

The corporate affairs ministry has extended the deadlines for submitting annual financial statements and returns for fiscal year 2025-26. Companies can now file financial statements until December 31, 2026, without incurring additional fees. The deadline for submitting annual returns has also been adjusted to January 31, 2027. This extension comes after stakeholders faced challenges with the MCA 21 portal.

Peter Lynchs investing advice centres on understanding a company before buying its stock. The legendary Fidelity Magellan Fund manager stresses researching business fundamentals, growth prospects and financials rather than investing based on popularity or hearsay.

Emerging sectors like AI, semiconductors, and defence are attracting significant investments while bank lending is limited. The financing patterns vary, with AI and space primarily funded through equity. Risks such as technology obsolescence and payment delays impact the lending sector significantly. Banks are encouraged to develop specialized financing strategies to support these sectors effectively. Over the next few years, demand is expected to shift towards storage and defence-related invest

Brookfield has established a new office in Doha which focuses on its global credit platform and investment opportunities. This step aims to strengthen its presence in Qatar, especially with a $20 billion AI infrastructure program in collaboration with a local company. The office will enhance access to sovereign wealth funds and institutional investors within the region. Brookfield joins other investment firms expanding their local operations to capture opportunities.

Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj Finance were particularly striking. The BSE Sensex plummeted by 1,605.44 points, indicating a bearish atmosphere across equities. While Tata Consultancy Services and Larsen & Toubro showed some gains, the overall trend remained negative.

SBI Securities Sudeep Shah expects continued weakness in Indian equities as FII positioning, rising volatility and technical indicators point to further pressure. He identifies key Nifty support and resistance levels and flags IT as a relatively stronger sector.

Warren Buffetts retirement advice focuses on low-cost index investing, paying off high-interest debt, maintaining cash reserves, staying within ones circle of competence and living frugally. His long-standing principles offer lessons on building wealth, managing risk and making sound financial decisions.

Pakistan has called on Afghanistan to halt alleged terrorist activities conducted by groups from its territory. The Afghan Taliban has rejected these claims, asserting that Pakistan is deflecting responsibility for its own security issues. Tensions have escalated due to accusations directed at the Taliban for supporting the Tehreek-i-Taliban Pakistan. Pakistani officials demand that Afghanistan address and combat these threats to maintain regional stability.

Voters in Dimona have begun campaigning for Gadi Eisenkot, seeking to unseat Prime Minister Benjamin Netanyahu. The upcoming election reflects growing discontent among traditional Likud supporters who are now considering alternatives. Netanyahu faces declining support due to the fallout from Hamas' October 7 attack, as many voters express the need for change. Eisenkot's personal story and security credentials resonate with voters, leading to a competitive race.

Prime Minister Narendra Modi inaugurated Arvind Limited's garment manufacturing facility in Varanasi, which emphasizes modern production practices and women's employment. This facility aims to create job opportunities and boost the local economy. With a global customer base, it will help promote Varanasi's garments in international markets. Modi interacted with women workers during the event alongside Uttar Pradesh officials. He will also attend the Air Force Day Aerial Display-2026 in Varanasi.

Mumin Chen, Taiwan's representative to India, expressed hopes for Bollywood stars visiting Taiwan for filming. Chen noted that both Amitabh Bachchan and Shah Rukh Khan have substantial fan followings in the country. He highlighted the potential for Taiwanese and Indian stars to collaborate on films in beautiful locations. The Taiwan Film Festival aims to present Taiwanese culture to Indian audiences through six showcased films.

India's recognition of heatwaves as natural disasters underscores the urgent need for international climate finance. Experts note that domestic funding is inadequate for heat adaptation strategies. They emphasize the necessity of consistent and predictable international resources for effective implementation. Upcoming discussions at COP31 will focus on adaptation finance for developing countries. There is growing concern over the lack of responsibility taken by developed nations regarding climat

Raveena Tandon's home, named Neelaya, is located in Bandra and has an estimated value of Rs 70 crore to Rs 80 crore. The residence features spiritual decor, including stone sculptures of various deities placed according to Vastu Shastra principles. A combination of modern luxury and traditional charm characterizes the living room and dining area.

The Odisha government is mobilizing personnel and resources in anticipation of a severe cyclonic storm forecasted to make landfall. Chief Minister Mohan Charan Majhi has ordered the cancellation of leaves for officials to ensure readiness. Heavy rainfall and gusty winds are expected in southern and coastal districts, prompting public safety measures. Collectors in affected areas are preparing cyclone shelters for potential evacuations.

Eleven low-priced stocks with market caps below Rs 1,000 crore and share prices under Rs 20 have gained up to 181% over three months. Kapil Raj Finance and Tuni Textile Mills led the list, according to ACE Equity data.

Foreign investors withdrew significant funds from Indian equities in October amid concerns over inflation and crude oil prices. Despite this, there were signs of moderation in selling with two days of net buying. The overall FPI outflows from equities in 2026 have reached notable levels compared to previous years. Market participants are closely monitoring upcoming macroeconomic developments including US GDP data.

Global asset management assets reached a record $159 trillion in 2026, but Morgan Stanley expects falling management fees to constrain revenue growth through 2030. Private markets and artificial intelligence could drive profitability, with firms integrating AI across operations potentially improving cost-to-income ratios by up to 15 percentage points.

NMDC is actively seeking mining assets worldwide, including critical minerals to support various industries. The company aims to earn 20 percent of revenues from minerals other than iron ore. This expansion aligns with government initiatives to secure raw material supplies and decrease import dependency. NMDC's strategy is expected to enhance its role in India's manufacturing sectors. Industries such as automotive, renewable energy, and electronics will benefit from these efforts.

Punjab National Bank is focusing on bringing its cost-to-income ratio below 50 percent in the current financial year. The bank aims to further decrease it to around 45 percent by 2028-29. In the first half of the current fiscal year, the cost-to-income ratio was 50.38 percent, reflecting a decline from previous levels. The bank's net profit has reached Rs 5,500 crore, with targets for continued growth ahead.

As many as 24 companies will turn ex-record date for dividends, stock splits and rights issues during the week starting October 26. Key names include Shriram Finance, CRISIL, Cyient, Chennai Petroleum and L&T Technology Services.

Chef Damu death news: Chef Damu, the celebrated Tamil chef and Cooku With Comali judge, has reportedly died at 72 following health complications. A Padma Shri awardee, he earned a place in the Guinness World Records after cooking 617 dishes in 24 hours and 30 minutes.

India's First Secretary at the UN, Raghoo Puri, criticized Pakistan's diplomatic efforts during a recent dialogue. He highlighted the challenges facing Pakistan, such as economic issues and human rights violations. Puri emphasized that Jammu and Kashmir is an integral part of India while rejecting Pakistan's claims. He noted the significant contributions of minority communities to India's development and governance.

Explosions were reported in Riyadh on Sunday, coinciding with the reopening of its international airport. This reopening followed a two-week closure due to repeated Houthi strikes targeting the area. The Houthis have warned that the airport remains a military target, issuing alerts to airlines and travelers. Additionally, the Saudi-led coalition intercepted Houthi missiles aimed at Riyadh and nearby regions.

Karisha and Kristina, two friends from Lithuania, are embarking on a month-long journey through India, documenting their experiences online. Their recent ride on the Vande Bharat Express sparked conversation, as Karisha appreciated its comfort while also mentioning troubling bathroom odors. As they explore iconic sites like Delhi, Agra, and Kashmir, their candid observations have ignited discussions among social media users about the ups and downs of Indian train travel.

At least 12 individuals were injured in a shooting incident that occurred in Tallahassee. The event took place near a football stadium during the homecoming weekend for Florida A&M University. Authorities reported that six of the injured were children, while eleven sustained gunshot wounds. A fight reportedly broke out before the shooting, which resulted in serious injuries for several victims.

Jio Platforms will list on October 28, with a grey market premium of Rs 247 indicating a potential 22.07% listing gain. The Rs 30,213-crore IPO was subscribed over 22 times, led by strong institutional demand.

Countries like Kazakhstan are trying to balance between U.S. and China AI initiatives for technological gains. Indonesia has expressed interest in benefiting from both AI superpowers while pursuing its technological agenda. Some nations are exploring relationships with both blocs without fully committing to either. China's investments in developing countries are increasing, enhancing their own AI capabilities.

Air Chief Marshal AP Singh detailed the Indian Air Force's Operation Sindoor in a recent interview. The operation involved precision strikes responding to a terror attack, showcasing effective capability and integration. Singh emphasized the importance of maintaining multiple operational options and adapting to enemy tactics. He outlined future enhancements needed in various military domains for sustained effectiveness.

Union Home Minister Amit Shah announced the success of Operation Trident against drug cartels in northeast India. The operation took place on October 23 and involved raids at 38 locations across Assam, Mizoram, and Manipur. Authorities discovered hawala transactions worth 100 crore and froze 1,424 bank accounts during the operation. Additionally, 500 detonators and 12 lakh in cash were seized, leading to 18 arrests.

Prime Minister Narendra Modi is set to inaugurate the Reserve Bank of India's state-of-the-art data centre and Cybersecurity Training Institute on Sunday. This initiative aims to bolster Odishas digital framework and elevate national financial security. Situated in Jatni, the facility is designed to support crucial payment and settlement operations. With 2,100 police personnel and traffic regulations in place, this visit marks Modi's ninth trip to Odisha since 2024.

In a bustling week for the IPO market, five mainboard offerings are set to debut between October 26 and 30, aiming to amass an impressive Rs 2,581 crore. EAAA India Alternatives spearheads the launches, while Jio Platforms makes its entrance on October 28. Other notable entries include SFC Environmental Technologies and BLS Polymers on October 27, with MK Sons Fine Jewels and Bombay Coated and Special Steels following closely.

Sebi is reviewing short-selling and securities lending rules to improve liquidity and price discovery. The regulator is also planning reforms in clearing, broker compliance, custodial services and corporate bond market-making to deepen capital markets and reduce compliance costs.

Indian stock markets faced a setback as crude oil prices soared, triggered by increasing geopolitical tensions in the Middle East. Despite some defensive buying from domestic institutions, foreign investors pulled back. The forthcoming US Federal Reserve meeting is poised to impact global market moods. Investors will be keenly watching industrial production metrics and second-quarter earnings for insights on corporate health, as macroeconomic stability remains crucial for market trends.

As Diwali approaches, urban Indian households are hiring professional organizers to help them declutter and organize. Companies like Joy Factory and Messmerize report significant growth in festive bookings compared to last year. The demand for such services not only peaks during festivals but is also becoming a year-round requirement. Organizers focus on sorting belongings and creating organized spaces rather than deep cleaning homes.

US midterm elections 2026: Donald Trump also rallied for Republicans in competitive races in Alaska, Iowa, Montana and South Carolina. He is set to visit Mississippi on Monday.