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The National Company Law Tribunal (NCLT), Mumbai Bench, has declared former Videocon Industries promoter and director Venugopal Nandlal Dhoot bankrupt on a petition filed by the State Bank of India (SBI) after the failure of his personal insolvency resolution process and repayment plan. The Tribunal, comprising Judicial Member Vinay Goel and Technical Member Charanjeet Singh Gulati, passed the bankruptcy order on November 5 under the Insolvency and Bankruptcy Code (IBC). The NCLT noted that SBI

The United States on Thursday issued a determination paving the way for sanctions on the electronics, manufacturing, marine and technology sectors of the Cuban economy. The determination was issued as the US imposed fresh Cuba-related sanctions on people and entities, targeting a c

Warsaw-Modlin airport was closed until further notice on Tuesday after the unplanned landing of a plane from London due to information on an explosive device on board, the airport said in a statement. Security services are currently verifying the reported

Indian farmer Amarsingh Gushinge wants to sow wheat and chickpeas in coming weeks to capitalise on attractive prices, but dwindling water supplies after

A group representing General Motors, Toyota, Volkswagen and other major automakers on Monday backed the Trump administration in a legal challenge to its sharply lower vehicle fuel economy standards filed by California and other states. Last month, the US Transportation

Global manufacturing activity remained solid in October but factories are increasingly showing strain from rising energy costs while supply-chain disruptions squeezed margins, surveys showed on Monday. The data point to growing pain for export-led economies as prolonged conflict in the Middle Eas

The campaign for New Zealand's general election on November 7 comes down to the price of

Indian household consumption is likely to become increasingly diversified, with spending gradually moving beyond food essentials towards non-food products and services, as changing dietary preferences and household structures reshape consumption patterns, according to an research report by SBI Research. Food expenditure accounts for around 32.82 per cent of total household consumption expenditure, while non-food items and services together constitute nearly 67 per cent, indicating a gradual shif

Air India has received approval from the Directorate General of Civil Aviation (DGCA) to establish its flying academy at Belora Airport in Amravati, Maharashtra, as the airline looks to strengthen pilot training capacity and support the growth of India's aviation sector. The Air India Flying Academy will be the first such academy established by an Indian airline in the country. It will operate a fleet of 31 single-engine and three twin-engine aircraft for pilot training. In an official statement

Canada's economy stalled in August for the second straight month as increases in the retail, manufacturing and construction sectors

Germany's gross domestic product grew more than expected in the third quarter

Kana Sekiya, 43, used to shop near a train station in Tokyo on her way back home from work. Now

Union Commerce and Industry Minister Piyush Goyal assured the Central Government's support for Telangana's vision of becoming a USD 3 trillion economy by 2047. He stressed that collective efforts by all states and sectors would be essential to achieving the national goal of Viksit Bharat 2047. Addressing the curtain-raiser event for the Invest Telangana Global Summit 2026 in New Delhi, Goyal welcomed Telangana Chief Minister Revanth Reddy's ambitious economic vision and called for collective eff

India's economy is estimated to have grown by 7.35 per cent in the July-September quarter of the current financial year (FY27), supported by strong domestic demand, industrial activity and higher consumption, according to the Finance Ministry's October Monthly Economic Review. The estimate, based on the ministry's nowcasting model, comes after the economy recorded growth of 7.8 per cent in the April-June quarter. The ministry had earlier projected growth of around 7.3 per cent for the second qua

South Korea and Germany pledged to cooperate on the economy, high-tech industries and energy security, South Korean President Lee Jae Myung said on Thursday after a summit in Seoul with German Chancellor Friedrich Merz. At a joint press conference, Lee said he had as

A potential reduction in India's equity long-term capital gains (LTCG) tax could improve foreign portfolio investor sentiment, support the rupee and benefit large-cap stocks, particularly financials, according to a report by Jefferies. The report, noted that discussions around a possible tax cut have gathered pace, although no decision has been announced.

Private equity (PE) investment in India's real estate sector declined 31 per cent year-on-year to USD 1.66 billion during January-September 2026, even as the number of deals increased, according to a report by Knight Frank India. The sector recorded 31 transactions during the nine months, compared to 24 in the same period last year. However, the average deal size fell 47 per cent to USD 53 million, as there were fewer large-value transactions. Total institutional investment during the period was

India's soybean

Rising demand for low Earth orbit (LEO) satellites for internet connectivity and Earth observation, coupled with increased launch capacity through a new Small Satellite Launch Vehicle (SSLV) launch pad at Kulasekarapattinam in Tamil Nadu, is expected to boost India's domestic space industry, said Dr Vinod Kumar, Director, Promotion Directorate, Indian National Space Promotion and Authorisation Centre (IN-SPACe), Department of Space, Government of India. See, demand for LEO satellites is rising f

Italy's government is expected to approve a draft 2027 budget law on Wednesday, Economy Minister Giancarlo Giorgetti said, indicating that the package was nearly ready. Speaking on Tuesday at the Italia delle Regioni event, Giorgetti said he was dealing wi

Institutional investments in India's real estate sector reached USD 2.1 billion during the third quarter of 2026, marking a 12 per cent quarter-on-quarter (QoQ) and 20 per cent year-on-year (YoY) increase. According to a report by Cushman

US President Donald Trump campaigned on Monday in deeply

India's automobile sector witnessed mixed demand trends during the first 14 days of the festive season, with the two-wheeler segment outperforming passenger vehicles despite a high base, reflecting a stronger demand outlook for two-wheelers, according to a report by Jefferies.

Japanese companies are moving to pay compensation to users following waves of cyberattacks that have disrupted internet services and raised concerns about economic stability. GMO Internet Group, a leading provider of online financial services, said customers would be compensated for losses

Heineken has urged British

India's real estate sector attracted private equity (PE) investments worth USD 6.1 billion across 55 deals in the first nine months of 2026, with data centres emerging as the largest investment destination, accounting for 40 per cent of total inflows, according to a FICCI-Anarock report. The report titled

India's interest rate gap with major developed economies has emerged as an important consideration for monetary policy as the Reserve Bank of India (RBI) faces rising inflation risks, according to a report by YES Bank. The report highlighted the importance of maintaining a certain difference between Indian and G7 interest rates to attract foreign debt capital, particularly as the US Federal Reserve is expected to continue its rate-hiking cycle. External member of the RBI's Monetary Policy Commit

Chinese President Xi Jinping urged effective qualitative improvement and reasonable quantitative growth in the economy in a speech on Thursday, Xinhua reported. Xi also emphasised upholding the Communist Party of China's absolute leadership over the armed forces, the state

The Asia-Pacific Economic Cooperation (APEC) forum has an increasingly

US Secretary of State Marco Rubio will travel to India on Tuesday, days after President Donald Trump delayed tariffs on US imports from the world's largest democracy as the two countries seek to finalize a trade

China's economy

China has proposed export controls

India's space economy is expected to grow from around USD 9 billion to USD 40

India and South Korea are actively pursuing broader collaboration across environmental preservation and the green energy transition, encompassing civil nuclear energy, green hydrogen and renewable power infrastructure, as stated by the Indian Embassy in Seoul on Thursday. India

British finance minister John Healey said banks were central to the country's economic future on Thursday when pressed by reporters about the likelihood of a windfall tax on their bumper profits in his first budget on October 28. Increasing

Britain's economy beat forecasts in August as a further jump in the computer programming sector offered fresh evidence that AI is boosting growth, official data showed on Thursday,

PepsiCo told an Indian court

Britain's economy grew unexpectedly in August, official data showed on Thursday, extending a run of resilient data that will encourage finance minister John Healey as he prepares his budget against a tough financial backdrop. The Office for National Statistics reported a 0.1% increase

The US diesel deal will boost Russia's economy and allow it to increase production and refining volumes with supplies shipped directly to the US and global markets, Russian Deputy Prime Minister Alexander Novak said on Wednesday. Without a doubt, this is a positi

Telangana Chief Minister A Revanth Reddy on Wednesday said the state aims to become a one-trillion-dollar economy by 2034 and a three-trillion-dollar economy by 2047, outlining a development strategy based on three zones

Odisha Chief Minister Mohan Charan Majhi on Wednesday inaugurated and laid the foundation stones for 46 industrial projects valued at approximately Rs 40,000 crore across the state, outlining a roadmap to transform the state into Eastern India

Germany's economy ministry said on Wednesday that growth momentum likely slowed temporarily in the third quarter. The outlook for industrial activity remains subdued, while domestic demand is unlikely to provide much momentum in the short term because of higher

VMPL Mumbai (Maharashtra), [India], October 14: Exponential Real Estate World, India

The International Monetary Fund on Tuesday flagged significant growth and financial stability risks from a potential ending of the AI investment boom, growing debt levels and a prolonged Middle East conflict. The IMF forecast global growth at 3.1% for 2026, a slight uptick from a 3.0% forecast in July as still-strong AI infrastructure investment offset higher oil prices caused

Bharatiya Janata Party (BJP) leader Pradeep Bhandari on Tuesday welcomed the International Monetary Fund

The global economy continues to demonstrate resilience in the face of ongoing geopolitical friction and trade headwinds, even as growth margins narrow and deepen existing fractures across nations, according to the International Monetary Fund (IMF) Managing Director Kristalina Georgieva. Citing findings from the October 2026 World Economic Outlook (WEO), Georgieva said,

Etihad Airways said it had cancelled flights between Abu Dhabi and Saudi Arabia's Riyadh, Jeddah and Dammam due to egional disruption, as Yemen's Iran-aligned Houthi group continues to carry out attacks on the Saudi kingdom. All flights between Abu Dhabi

By Deepshikha Verma GE Aerospace has announced plans to nearly double its spending on Indian suppliers between 2025 and 2030, as the company looks to strengthen its domestic supply chain and support India's rapidly expanding aviation sector. The announcement was made alongside the release of a report by Ernst

India's services sector is expected to maintain a positive demand outlook in Q3FY27, although business optimism has moderated compared with the previous quarter, with firms anticipating some easing in cost pressures but remaining less optimistic about selling prices and profit margins, according to the Reserve Bank of India's (RBI) latest Services and Infrastructure Outlook Survey. The apex bank noted, during Q2FY27, services sector companies reported an improvement in overall business condition

Exuding immense confidence in the collective resolve of the country, Prime Minister Narendra Modi on Sunday asserted that India will realise its vision of becoming a developed nation by 2047 as the key milestones for the nation, including becoming the world's top three economies, hosting the Olympic Games, and landing an Indian astronaut on the Moon, will definitely be achieved. Addressing a public gathering in Chennai, the Prime Minister laid out the ambitious roadmap with an emphatic refrain o