The Economic Times

David Humes famous quote, Nothing is more surprising than the easiness with which the many are governed by the few, explores why a small group of people can hold power over millions. In his essay Of the First Principles of Government, the Scottish philosopher argued that political authority depends largely on public opinion, people's belief in the legitimacy of rulers and their trust in established institutions.

India will implement duty concessions for certain imports from New Zealand starting October 20, under a new FTA. The concessions include zero basic customs duty for sheep meat and specific rates for fish and wine. Additionally, provisions have been made for manuka honey and kiwi fruit imports with varying duties. Sensitive categories like dairy products are excluded from this trade liberalization agreement.

ETs roundup of the wackiest whispers in corporate corridors

Prince Harry and Meghan Markles first joint public appearance in the UK since their return has raised questions about their future plans. While the couple reunited with well-wishers and visited charities in Nottingham, reports suggest their professional priorities may be moving in different directions. Heres what their appearance revealed about their UK return, individual ambitions and the possibility of more independent careers.

Phil Schiller and Kim Gassett-Schiller announced a $25 million donation to the Woods Hole Oceanographic Institution. This funding aims to establish the Schiller Centre for Reef Solutions, which focuses on protecting coral reefs. Researchers will investigate reef health and test practical interventions for better conservation results. The donation addresses the urgent environmental pressures facing coral ecosystems today.

The Supreme Court upheld the Madras HC's ruling that religious conversion from Hinduism to another religion does not entitle a person to SC or OBC reservation. The case concerns Tamil Nadu's 3.5% quota for Muslim OBCs. In March 2024, the then DMK government allowed OBCs, SCs and Denotified Communities members who converted to Islam to claim the quota. The Madras HC struck down the order in June 2024 as unconstitutional. The TVK government's appeal was rejected by the SC.

Weather Tomorrow: IMD has warned of heavy to very heavy rainfall, thunderstorms and gusty winds across parts of southern India, with Andhra Pradesh, Karnataka, Kerala and Tamil Nadu among the affected regions. Rain is expected to continue in several areas through October 23. Fishermen have also been advised to exercise caution along parts of the Arabian Sea coast.

No Kings anti-Trump movement: More than 3,200 events had been planned in all 50 states, after the two previous nationwide events attracted millions of participants.

Richa Parashar, a journalist, filed a complaint against Rahul Gandhi for manhandling during a protest. The incident occurred on October 12 while covering a demonstration by Opposition leaders. Parashar alleged that Gandhi grabbed her and caused her to fall, resulting in injuries. She emphasized the lack of assistance from his supporters after the fall. Parashar has requested that media organizations release footage of the incident.

Aayush Wellness Limited has launched Aayush Calcium Vitamin Tablets, expanding its nutraceutical portfolio into the bone and joint health segment. The formulation combines calcium citrate, vitamin D2, magnesium, zinc and folic acid to support bone strength, calcium absorption and musculoskeletal health. The company said the launch aligns with growing consumer interest in preventive healthcare and nutritional supplements.

An Emirates flight from Delhi to Dubai has been delayed until October 18 after the aircraft encountered a bird strike on arrival in the national capital. Separately, Air India and Air India Express have extended the suspension of flights to Jeddah, Riyadh and Dammam until October 24 amid the security situation in West Asia, offering eligible passengers complimentary date changes.

Todd and Julie Chrisley are facing a significant tax challenge with a federal lien amounting to $1.57 million, linked to unpaid taxes for the years 2021 and 2022. This news follows their recent release from prison, thanks to pardons bestowed by Donald Trump. Previously convicted for fraudulent loans and tax evasion, the couple has yet to address the latest tax issues publicly.

Arunachal Chief Minister Pema Khandu emphasized the importance of creating a roadmap for yak conservation. He highlighted the need to support yak herders through suitable policy interventions from both levels of government. A proposed cooperative society aims to help herders improve their income and market access. The Chief Minister also called for capacity building and scientific practices to strengthen the yak economy.

The Commerce Ministry organized an outreach event in Jaipur, targeting exporters to clarify the use of benefits provided by India's free trade agreements. This initiative aims to translate preferential market access into tangible export opportunities for Indian enterprises, emphasizing Rajasthan's strengths in textiles, handicrafts, and gems. Plans for coordination among stakeholders are outlined to optimize support for exporters moving forward.

Dolby Laboratories has launched Keralas first Dolby Cinema in Fort Kochi, combining Dolby Vision projection and Dolby Atmos sound in a 450-seater auditorium. But what makes it different from a regular theatre, how does its technology improve the movie-watching experience, and will the difference justify a premium ticket price?

India's National Pharmaceutical Pricing Authority has capped trade margins for 137 anti-cancer drugs at 30% of their maximum retail price. This cap, effective from November 9, applies to all listed drugs, including Atezolizumab and Bevacizumab. Manufacturers must adjust prices if they exceed the newly calculated maximum retail price. Compliance will be monitored by state drug controllers and hospitals, which play a significant role in drug supply.

Anirudh Ravichander and Kavya Maran are reportedly gearing up for a lavish wedding reception on November 21, 2026. High-profile invitations have been dispatched to notable political figures, such as Prime Minister Narendra Modi and Tamil Nadu Chief Minister C. Joseph Vijay. While the couple's wedding ceremony is tentatively planned in Greece on November 11, specifics remain under wraps.

HDFC Bank has made significant strides in integrating its merger with HDFC Ltd after its completion in July. The bank's incoming CEO, Anup Bagchi, emphasized the importance of maintaining strong credit quality during varying economic cycles. Bagchi also acknowledged the contributions of Deputy Managing Director Kaizad Bharucha and the wider team. The bank plans to further improve its branch network and technology capabilities in the future.

Over 7,300 buyers participated in the 62nd IHGF Delhi Fair held from October 13 to 17. Business enquiries at the fair totaled Rs 3,600 crore, demonstrating strong international interest. Buyers from 105 countries, including the US, UK, and Germany, were present. Many brands indicated a significant shift toward sourcing more products from Indian manufacturers. India's handicraft exports reached $3.75 billion for the fiscal year 2025-26.

A passenger travelling on the Kaveri Express received medical assistance after a wireless earbuds silicone tip got stuck in their ear during an overnight journey. According to a Reddit post, a call to Indian Railways 139 helpline prompted railway staff, the RPF and a doctor to coordinate help at Jolarpettai, where the earbud tip was removed.

More US universities could come under investigation for potential J-1 visa fraud, US Department of Labor Inspector General Anthony D'Esposito said. He also said that subpoenas had been served and investigations were already underway.Nine universities under investigation for potential J-1 visa fraudmore to come. Companies suspended. Warrants executed. Subpoenas issued. American first. Just getting started, D'Esposito said in a post on X.— USLaborIG (@USLaborIG) Earlier, last Thursday, US Vi

A cargo vessels sinking in the Strait of Hormuz has left questions over maritime safety after Iranian fishermen recovered goods from the surrounding waters. All 21 crew members of the GFS Pride escaped, but competing explanations for the incident, including a mine or a possible missile or drone strike, remain unconfirmed.

Elon Musks Tesla Roadster has showcased stunts that seem to defy the laws of physics, from lifting off the ground to driving upside down. But the technology behind these moves is very different from what powers an ordinary electric car. Heres how its rocket thrusters and suction system work, what makes its performance claims unusual, and whether buyers will be able to get their hands on this futuristic vehicle.

Recently, a captivating tarot reading predicting Anirudh Ravichander's future wife's profile has resurfaced on social media. This intriguing reading hints at her educational and professional journey. Amid rumors of their wedding plans, including a reception invitation and a possible ceremony in Greece, discussions about their relationship have been ongoing since 2025, although Anirudh has previously quashed marriage speculation.

Trained apprentices at Bokaro Steel Plant have blocked all 11 factory gates as part of their protest. This ongoing agitation, which entered its eighth day, includes an indefinite hunger strike. Protesters, mainly from displaced families, demand regularisation of their jobs and a clear recruitment policy. BSL management claims 204 of the 950 apprentices are already engaged as contractual workers.

The waiver of sanctions under the Sanctioning Russia and Iran Act provides relief for India's energy security. Experts believe that continued access to Russian crude will support economic growth and ease inflationary pressures. While the waiver offers temporary relief, uncertainty remains regarding future contracts and investments. Trade organizations express hope for improving bilateral trade relations and advancing discussions between India and the US.

Shridevi Institute of Medical Sciences in Tumakuru has signed an MoU with Vaxonyx LLC for collaboration. This partnership aims to focus on AI-enabled bioinformatics and genomic research tailored for Indian populations. They will develop personalized cancer therapies by analyzing individual tumor profiles. The collaboration will also explore the creation of genomic datasets to improve genetic models. Moreover, they intend to develop DNA-based vaccine candidates for relevant public health issues.

ixigo has reported substantial growth in its hotel business, surpassing 5,000 room nights booked daily. The company is aiming to become a leading player in the mid-market hotel segment over the next few years. ixigo's revenue from hotel bookings has seen impressive year-on-year growth, primarily from its own user base. International flight bookings also showed significant growth, as domestic fares remained high.

ICICI Bank reported a 20% year-on-year rise in Q2 net profit to 14,843 crore, supported by an 18% increase in net interest income. However, net interest margin narrowed to 4.18% from 4.36% in the previous quarter, with the bank expecting further pressure in Q3 due to foreign currency non-resident bank (FCNR-B) deposit mobilisation and branch expansion costs.

Axis Bank's digital payments platform Freecharge has received in-principle approval from the Reserve Bank of India. The approval allows Freecharge to operate under PA-O1 and PA-P1 categories starting in FY27. The bank has reported a 34% year-on-year growth in UPI transaction value for July-September. Digital transactions represented 98% of the total financial transactions during this quarter. Axis Bank continues to expand its digital payments operations, reflecting ongoing investment in technolo

Dolly Parton, who passed away on August 25, 2026, left behind a significant philanthropic legacy. The Imagination Library, launched in 1995, has gifted over 325 million books to young children. This initiative started from her own father's literacy challenges and aimed to improve access to books. Furthermore, Parton contributed to healthcare and disaster relief, reflecting her commitment to service. Her work continues to influence children's literacy and community support.

HDFC Bank CEO Sashidhar Jagdishan, who will step down on October 26 after deciding against seeking a second reappointment, expressed confidence in the lenders resilience and growth prospects. He said the bank had overcome regulatory restrictions, the Covid-19 pandemic, a complex merger and monetary tightening, adding that governance issues had been settled.

Kaizad Bharucha has submitted his resignation as deputy managing director of HDFC Bank, effective December 31, 2026. This decision follows the Reserve Bank of India's approval for Anup Bagchi to become the new managing director. Bharucha has served as a whole-time director since June 2014 and would have exceeded the 15-year tenure limit by June 2029. His departure marks a significant leadership change at Indias largest private-sector lender.

Central Bank of India reported a 21% increase in net profit amounting to Rs 1469 crore for September 2026. Net interest income grew by 26% to Rs 4146 crore, reflecting strong loan growth. Total advances rose by 30% to Rs 3.81 lakh crore, driven by retail, agriculture and MSME sectors. Despite a drop in other income, asset quality improved with net NPA decreasing to 0.31%.

Chief Economic Adviser Anantha Nageswaran raised concerns over the financial risks linked to artificial intelligence. He stated that finance ministries, central banks, and households could face costs from misplaced optimism. Even if AI expectations are met, these entities may still incur expenses. Nageswaran intends to outline five specific risks regarding this issue. He plans to suggest potential government actions to mitigate these risks in future discussions.

Yami Gautam Dhars latest horror comedy brings together family drama, supernatural mysteries and humour in an unusual story set in Meerut. Released in theatres on October 16, 2026, Nayyi Navelli follows a newly married woman whose brother-in-law begins suspecting her of being a witch. As strange incidents unfold, an ancient mystery takes the story in an unexpected direction.