The Economic Times

Indias largest companies are preparing for the implementation of Ind AS 118, which may impact financial reporting. Changes include new classifications for income and expenses, and new operating profit reporting methods. Companies face challenges due to complex requirements and the need for system adjustments. Audit committees are discussing transition plans while awaiting final rules and guidance from regulatory bodies.

JSW Steel is investing heavily in growth, expecting India's steel demand to remain strong through upcoming years. Geopolitical uncertainties are being managed, and India's growth outlook has been positively adjusted by the IMF. The company reported a drawdown in inventory, indicating solid demand. JSW Steel has achieved a strong financial position through internal accruals and debt reduction. They are committed to expanding production capacity and focusing on high-value products.

Dr Reddy's domestic formulations business grew in the September quarter, while Revlimid sales declined in North America. A relaunch of generic semaglutide and the US launch of abatacept biosimilar are anticipated for future growth. The company aims to sell millions of pens for semaglutide with a focus on international markets. Furthermore, an expanding biosimilars portfolio aims to strengthen its position beyond traditional generics.

A ruling from the GST Appellate Tribunal states that cancelled airline ticket refunds can be claimed. Singapore Airlines had submitted a total of eight GST refund claims for the period from October 2019 to March 2021. The airline returned fares and GST to passengers due to COVID-19 cancellations, but faced issues with tax credits.

Manipur chief minister Y Khemchand Singh visited Sinai Camp to address issues related to the Suspension of Operations agreement. The camp was recently disarmed following joint operations by security agencies in response to a troubling incident. During this operation, 17 individuals were found impersonating registered SoO cadres with false identities. The chief minister expressed that lasting peace cannot be achieved while a culture of violence continues.

From Kolhapuri chappals and dupattas to stainless-steel plates, Harsh Goenka has taken a satirical swipe at the trend of presenting familiar Indian essentials as premium lifestyle products. The latest discussion began after US influencer Amanda Monsen showcased IKEA plates as chic chrome plates, with the products reportedly priced at around Rs 760 each.

Individuals will be hired for positions at both CCI and its investigation arm, the director general (DG) office, according to public notices.

The industry body of NBFCs has told the Insurance Regulatory and Development Authority of India (IRDAI) that the proposed commission caps of 2% for credit life and 5% for credit health insurance would make credit-linked insurance distribution unviable, given distribution costs are about 32% of the premium.

Commerce and industry minister Piyush Goyal and Port of Rotterdam CEO Boudewijn Siemons held discussions on advancing port-led growth, logistics efficiency, supply chain connectivity and unlocking new opportunities for trade and investment.

The regulator is engaging with different stakeholder groups and has not reached a conclusion on the proposals, IRDAI chairman Ajay Seth had said recently. The objective is to move towards a more efficient regime without disrupting existing businesses or livelihoods. Some stakeholders have sought a longer transition period, while others have raised concerns about low-ticket policies, Seth had said. Larger insurers, smaller companies and new entrants have different concerns, as do various categori

Jacob & Co has partnered with GB Realty to develop branded residences in Punjab's first tier-2 city project. The collaboration aims to create five residential towers on a 9-acre land. Two of these towers will be designated as Salman Khan residences, while the others will be Jacob & Co residences. GB Realty plans significant investments for this luxury development set to shape the local real estate market.

Demand spans experience in commercial and corporate disputes, including regulatory matters, insolvency, white-collar crime, investigations, sector-specific arbitration and complex shareholder disputes. Hiring has picked up not just in large firms but also at midsize practices and boutiques.

Long-term capital-gains tax is a big factor on the equity side. On direct investment, the trade agreements are going to be a big positive. Trade agreements create potentially important UK-India and EU-India corridors. We have been doing a lot of work identifying companies that could benefit and engage with clients. For Citi, that opportunity can flow through services and markets and potentially through investment-banking transactions as multinational companies raise capital in India, says K Bala

IndiGo and Air India Group will shift multiple international flights to Navi Mumbai airport in upcoming months. This transition impacts nearly three million passengers each year, correlating with Mumbai airport's redevelopment plans. IndiGo plans to move 12 daily international services while introducing new routes to Kathmandu. Air India Express will begin operating domestic flights from the new airport later this year.

The suspension of Broadcast Audience Research Council ratings has prompted new interest in RPD-based data collection for TV viewership. GTPL Hathway has started sharing data from connected set-top boxes to track channel viewing. While Tata Play has utilized RPD for internal purposes, concerns remain regarding its industry-wide credibility and sampling transparency. The Ministry of Information and Broadcasting has emphasized RPD's importance for future deployments by distribution platform operato

India's consumer and retail sector saw a 58% decline in deal value during the September quarter. The first nine months of 2026 recorded 353 deals worth $3.26 billion, reflecting cautious investment strategies. Personal care brands attracted significant investment, indicating a preference for premium offerings. Public markets also contributed substantially, surpassing M&A and PE/VC deal values. However, future demand may fluctuate due to weather-related conditions affecting rural consumption.

Banks have approached the International Financial Services Centres Authority regarding sustainable lending targets for international banking units. The request stems from a significant rise in Foreign Currency Non-Resident deposits at GIFT City. These deposits have surged following the Reserve Bank of India's swap facility introduced in June. It is expected that the IFSCA may provide similar exemptions as the RBI has done before.

India's peak power demand has decreased to approximately 234 GW following a period of elevated consumption earlier in October, which exceeded 250 GW due to high cooling and irrigation needs. Despite the decline, states like Gujarat continue to experience significant demand, reflecting sustained pressure from industrial usage and weather conditions.

Shashwat Sachdev revealed the journey of how a piano found its home in their bedroom, leading from an initial compromise with his wife, Shruti, who preferred it in the living room. The couple's past struggles in developing their creative haven in Mumbai reflect the harmony they strive for. Shashwat credits Shruti as a significant muse for his music, showcasing the deep connection they share amidst their artistic endeavors.

Indian Railways is implementing changes in container transport to enhance export traffic and streamline operations. The initiative includes exemption from mandatory weighment and introducing mini container rakes for higher value commodities. Additionally, the Railways is considering allowing private sector maintenance of wagons to improve efficiency. Hub and spoke terminals will be expanded to offer better consolidation of containers for freight transport.

Miley Cyrus has generously pledged $1 million to Rosa's Place, a new housing initiative in Los Angeles. This essential project seeks to create permanent homes for 97 women facing homelessness, including those recovering from violence. It will incorporate communal areas and support services such as job readiness programs and case management. Alongside her mother, Miley will play a role in designing the interiors to enhance the women's living conditions.

Pakistani star Mawra Hocane, perhaps best known among Indians for the 2016 romantic drama Sanam Teri Kasam, is now a mother. The actress and her husband, actor Ameer Gilani, welcomed their firstborn, a baby boy.

Netflix Inc. has seen a decline in user engagement, with customers opening the app less frequently than before. Although total watch time increased due to new subscribers, individual viewing has decreased significantly during this period. The company is facing challenges such as increased competition and fewer hit productions impacting viewer attraction. In response to these issues, Netflix has made leadership changes to strengthen its content strategy and overall business model.

The Reserve Bank of India inaugurated a new sovereign data centre to enhance the resilience of financial services and reduce reliance on third-party cloud providers. Prime Minister Narendra Modi also inaugurated a cybersecurity training institute, which will develop expertise in emerging technologies. The data centre will support critical systems like RTGS and NEFT for efficient financial transactions.

Ariana Grande has established The Brighter Days Ahead Foundation to aid vulnerable communities in need of support. The foundation focuses on four funding streams, including emergency assistance and mental health services. Recent contributions have included a $125,000 grant to Trans Lifeline to help provide direct assistance to transgender individuals. Grande aims to encourage other donors to contribute as well, improving support for smaller nonprofits.

Cox Enterprises has successfully safeguarded approximately 4,400 acres in Clarendon Farms, South Carolina. This pivotal conservation initiative, announced in March 2026, aims to protect freshwater wetlands, lush forests, and vital wildlife habitats while curbing any imminent development. Renowned organisation Ducks Unlimited will manage the easement to ensure the area's environmental integrity, showcasing the essential need for safeguarding interconnected ecosystems against escalating urban expa

In a recent appearance in Kapil Sharmas popular show, National Award-winning composer Shashwat Sachdev, best known for creating the soundtrack for the 2025 Ranveer Singh hit Dhurandhar, revealed he had a piano in his bedroom. He also credited his success to his wife.

Boudewijn Siemons, CEO of the Port of Rotterdam, expressed high expectations for the India-EU free trade agreement. He highlighted the importance of collaboration between ports and nations to facilitate global trade. Siemons conveyed his optimism about increased business opportunities between Europe and India. Negotiations for the free trade agreement have concluded, with hopes to sign it by year-end. The implementation of the agreement is anticipated for next year.

India intends to increase its port capacity significantly by 2047 to support economic growth and trade. Union Minister Piyush Goyal emphasized collaboration opportunities with the Port of Rotterdam for sustainable development. The Sagarmala initiative aims to enhance India's maritime infrastructure and connectivity effectively. A major maritime education institution will be established in Mumbai to train skilled seafarers. These efforts highlight India's commitment to bolstering its position in

GSMA emphasizes the need for unified regulations to effectively combat online scams and maintain public trust. Vivek Badrinath highlights that current regulations remain complex and suggest further simplification for growth. He advocates for an outcome-focused approach to enable the monetization of 5G technology. Badrinath also discusses the importance of network slicing and quality of service in enhancing business applications.

Using finger millet as an alternative to wheat flour for momos can elevate their nutritional profile. This shift not only increases dietary fiber and calcium but also promotes whole-grain benefits. However, the overall nutrition relies on various factors including the choice of fillings, preparation methods, and portion sizes. While steamed momos are preferable, excessive sauces can diminish their health advantages, so mindful ingredient selection is key.

Rajiv Gauba emphasized the need for reforms in urban governance during the National Urban Conclave. He highlighted the importance of empowering city governments and proposed directly elected mayors for better governance. The projected increase in India's urban population demands significant infrastructure and service management changes. Gauba called for improved municipal revenues and the adoption of the Model Tenancy Act to support affordable housing.

The investment will be made in multiple tranches, with completion targeted by February 2027, subject to fulfilment of specified conditions, the company said in a regulatory filing.

Celebrity fitness trainer Yasmin Karachiwala who has worked with Alia Bhatt and Deepika Padukone, has introduced a chocolate gelato recipe that serves as a healthier dessert alternative. It utilises Greek yoghurt and melted dark chocolate, including cacao powder, honey, vanilla extract, and sea salt. The gelato mixture must be stirred every hour during freezing for optimal texture. This innovative approach allows for enjoyment of gelato during festive celebrations without excessive calories.

Prime Minister Narendra Modi inaugurated the Reserve Bank of India's new data centre and Cybersecurity Training Institute in Bhubaneswar. He emphasized the importance of protecting India's banking system from potential cyber threats. Modi noted that India's banking sector has become more efficient and accessible to the masses since 2014. He underscored the government's efforts to provide formal banking services to previously disadvantaged groups.

The company in a statement said the project, which will supply power to Maharashtra, would support grid stability as the share of solar and other renewable energy rises, while reducing reliance on coal-fired generation during evening peak hours. It also rejected reports of tree felling inside the sanctuary, describing them as based on incorrect information.

Ravindra Jadeja, a celebrated cricketer, leads a life of luxury, epitomised by his stunning home in Ahmedabad and a serene farmhouse in Jamnagar. The farmhouse boasts a vast lawn, a glistening swimming pool, and spacious stables for his prized horses. Jadeja's Ahmedabad residence is tastefully decorated, reflecting his love for the finer things in life.

From 1971 to 1980, the Perron family inhabited a farmhouse in Rhode Island, rumored to be haunted. Their unsettling experiences prompted paranormal investigators Ed and Lorraine Warren to step in during 1973. Although the farmhouse gained notoriety as a site of intrigue post-The Conjuring, the family endured significant personal hardships.

Adani Airports is planning to redevelop Terminal 1 at Chhatrapati Shivaji Maharaj International Airport to improve passenger capacity. The capacity will increase from 15 million to 20 million passengers annually with supporting infrastructure. Some flight operations of IndiGo and Air India will shift to Navi Mumbai International Airport during the redevelopment process. This transition aims to alleviate capacity constraints at the current airport facility.

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

Marco Rubio's recent visit to Jamnagar emphasizes strengthening energy ties between the US and Reliance Industries. With a capacity of 1.4 million barrels per day, Jamnagar plays a crucial role in global diesel exports. The US seeks to stabilize energy flows while urging India to diversify away from Russian oil. Reliance is also positioned to process Venezuelan crude, enhancing Washington's interests in the region.

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.

Madhuri Dixit and Dr Shriram Nene have established a marriage lasting almost thirty years, supporting one another during personal milestones and career successes. The pair have frequently rejoiced in each others achievements and provided steadfast support. Dr Nene has talked about how he was initially oblivious to Madhuris tremendous fame in India

Rajinikanths blockbuster action comedy drama will arrive on OTT next month if rumours are to be believed. Streaming giant Amazon Prime Video has acquired the streaming rights to the superhit film. The movie, helmed by Nelson Dilipkumar, has emerged as the highest-grossing Tamil movie this year.

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.