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The Economic Times

Economy / The Economic Times

Goyal asks Europe not to 'invite disaster'

Commerce and Industry Minister Piyush Goyal has cautioned the European Union that its carbon tax on steel imports and a growing list of regulations could raise costs for businesses and consumers, stoke inflation and erode the bloc's global competitiveness.Speaking at the Berlin Global Dialogue on October 22, Goyal said the EU risked hurting its own industries by imposing additional trade restrictions and compliance requirements, including the Carbon Border Adjustment Mechanism (CBAM). He pointed

22 Oct 2026 9:52 pm
Wednesday Season 3 OTT release update: When will Jenna Ortega's Addams Family show reveal what happens after Enid's alpha werewolf transformation

Wednesday Season 3 has wrapped filming and the upcoming season will follow the aftermath of Enid Sinclairs transformation into an alpha werewolf, which forced her to flee towards the Canadian border, while Wednesday Addams sets out to find her. The story will also explore the mystery surrounding Wednesdays missing aunt, Ophelia, played by Eva Green.

22 Oct 2026 9:16 pm
Nestle sees strong growth potential for Maggi noodles in India; eyes expansion in Europe, Americas

The company, which sells noodles under the Maggi brand in India and other Asian markets, also has ambitious plans to expand the category in Europe and the Americas, its top leadership said during the earnings call for the September quarter of 2026.

22 Oct 2026 9:07 pm
Musk is getting it wrong on India's space oligarchs. Here's why

Though Starlink boasts extensive satellite internet coverage, many potential users find the service economically unviable. The Indian government is strategically evaluating its communications infrastructure choices, potentially leaning towards homegrown solutions for critical services, which may boost Reliance's positioning against SpaceX in the market.

22 Oct 2026 9:00 pm
NSDC raises Rs 4 crore through Social Stock Exchange for global skilling initiative

The funds raised will be used to provide skilling and employment opportunities to 600 youth from economically weaker other backward classes (OBC) households in Madhya Pradesh. The programme, with an estimated outlay of Rs 11.25 crore, aims to prepare 600 candidates for international employment opportunities, with 300 candidates earmarked for Japan and another 300 for Germany, the ministry of skills development and entrepreneurship said in a statement on Thursday.

22 Oct 2026 8:14 pm
Crop, fire insurance premiums fall 31%, 26.6% in H1 FY27 amid pricing pressure

In the first half of FY27, crop insurance premiums fell by 31% due to lower rates and discounts. Fire insurance premiums also decreased by 26.6% amidst price competition and discounts across the sector. Public sector insurers saw a sharper decline in crop insurance compared to general insurers, impacting overall growth. Non-life insurance premiums grew 6.1% year-on-year, and health insurance experienced a 20.2% increase.

22 Oct 2026 8:09 pm
Parliamentary panel selects 25 subjects for review of urban development, Delhi projects

Under the Department of Urban Development, the committee will examine rainwater harvesting initiatives, legacy waste remediation, functioning of Smart City Integrated Command and Control Centres, and affordable rental housing projects.

22 Oct 2026 8:09 pm
India commercial insurance rates fall as capacity, competition rise

Commercial insurance rates in India decreased significantly in 2026 due to increased competition among insurers. Property and financial liability insurance rates fell for the fourth consecutive quarter, providing businesses with better terms. Cyber insurance also witnessed a decline, marking the twelfth consecutive quarter of reduced rates in the IMEA region. Insurers became more competitive, allowing businesses to negotiate premiums and coverage more effectively.

22 Oct 2026 7:34 pm
Adani group did not attempt Vizhinjam port stake sale without govt approval: V D Satheesan

Replying to an unstarred question in the Assembly recently, Satheesan said Adani Vizhinjam Port Private Limited (AVPPL) had submitted an application to the government seeking prior approval for the proposed transfer of its existing 49 per cent shareholding.

22 Oct 2026 7:32 pm
Indian Bank raises deposit rates by 15 basis points

Indian Bank managing director Binod Kumar had said earlier that the bank does not have surplus liquidity as it shed Rs 10,000 crore of bulk deposits and slowed term deposits mobilisation during the second quarter while it raised $2.3 billion (about Rs 21,000 crore) of foreign currency non-resident-bank (FCNR-B) deposits using the regulatory window.

22 Oct 2026 7:30 pm
You deserve better: Diljit Dosanjh shares life lesson on what to do when people try to pull you down amid Delhi concert permission row

Diljit Dosanjh shares a life lesson on dealing with setbacks and people who try to pull you down, saying difficult experiences can make you stronger and prepare you for better opportunities. His Instagram video comes amid a row over Delhi Police denying permission for his October 30 concert at Jawaharlal Nehru Stadium, citing security concerns and the festive season.

22 Oct 2026 7:21 pm
Anand Mahindra gets '20-year expiry date' from a fan: Billionaire gives a masterclass on handling awkward situations with 'extend my warranty' reply

Mahindra Group chairman Anand Mahindra responded with humour after an X user gave him a 20-year expiry date while suggesting that he build powerful V8 and V10 engines before his time ran out. The person also proposed a Mahindra Scorpio with a V8 engine producing 500 horsepower. In response, Mahindra said he was a little shaken by the fans confidence in predicting his lifespan and jokingly asked him to extend my warranty.

22 Oct 2026 7:18 pm
Wall Street dumps AI for Buffetts Berkshire

For three weeks, Wall Street sold one of the markets hottest trades and bought one of its oldest. Chip stocks fell about 15 per cent. Warren Buffetts Berkshire Hathaway rose about 7 per cent.Between October 2 and October 20, the iShares Semiconductor ETF (SOXX) lost 15.1 per cent, while Berkshires Class B shares (BRK-B) gained 7.4 per cent, according to Yahoo Finance.On Tuesday, BRK-B closed at a record high for the first time since May 2, 2025, the day before Buffett said Greg Abel would take o

22 Oct 2026 7:04 pm
Netanyahu invites PM Modi to light torch together with Indian pilot Smit Machchhar on Israel's Independence Day

Israeli Prime Minister Benjamin Netanyahu has invited Indian Prime Minister Narendra Modi to participate in Independence Day celebrations. Modi expressed gratitude for the invitation and acknowledged the cooperation between India and Israel on terrorism. Both leaders emphasized the importance of their long-standing relationship over the years. Netanyahu shared this conversation on social media to highlight their collaboration.

22 Oct 2026 7:01 pm
Pakistan's decades of interfaith promises fail to protect Sindh's Hindu minorities

According to The Express Tribune, the event, organised by the Christian Study Circle at a local hotel, brought together political representatives, religious figures, lawyers and social activists. Participants called for coordinated efforts to tackle religious extremism, discrimination and abuses against vulnerable communities.

22 Oct 2026 7:00 pm
Beyond accumulation: Giving every investment a clear role in your portfolio

Building a robust investment portfolio requires a clear understanding of the foundational roles played by both core and satellite investments. Many investors fall into the trap of miscategorizing satellite strategies as core assets, which disrupts the overall balance. While Specialised Investment Funds (SIFs) are becoming increasingly popular, they must be aligned with specific functions in a broader investment strategy.

22 Oct 2026 6:57 pm
Diljit Dosanjhs California home is the perfect balance of glamour and understated elegance: His duplex has teak wood floors, cream coloured walls, swimming pool and private bar

Celebrity residences often showcase wealth and larger-than-life personalities, but Punjabi singing sensation Diljit Dosanjhs homes offer a glimpse into his personal journey and appreciation for understated elegance.

22 Oct 2026 6:52 pm
Russian missiles pound Kyiv as Moscow says over 800 Ukrainian drones downed

Russia conducted a bombardment of Kyiv with ballistic missiles, resulting in casualties and substantial damage. Ukrainian officials reported fatalities and injuries due to targeted strikes on civilian areas, including markets and infrastructure. Following this escalation, President Volodymyr Zelenskyy criticized the lack of change in Moscow's approach toward peace negotiations. Peace talks with the U.S. and Ukraine were briefly discussed but yielded no significant progress.

22 Oct 2026 6:47 pm
Xbox Cloud Playtime launched: What is it, pricing, and everything else you need to know

Microsoft has unveiled a groundbreaking service called Xbox Cloud Playtime, enabling gamers to stream titles without needing a Game Pass subscription. Currently in preview for Xbox Insiders, it is set for a broader release in November. Players can buy cloud playtime in several hour increments, allowing them to stream eligible games on compatible devices. Due to increasing costs, restrictions have been placed on cloud gaming for Game Pass users.

22 Oct 2026 6:44 pm
Naman Dhir nearly quit cricket in 2022 to move to Canada, but father urged him to stay and try for one more year

Naman Dhir's unbeaten 42 off 15 balls helped India complete their highest successful T20 chase against New Zealand, earning praise from captain Shreyas Iyer for his composure and all-round options. Dhir's breakthrough comes after he nearly quit cricket in 2022 to move to Canada, before his father's encouragement led him to continue, make his Ranji Trophy debut and earn an IPL opportunity.

22 Oct 2026 6:36 pm
Adani Ports expands presence by incorporating subsidiary in Oman

Adani Ports and Special Economic Zone Limited has established a wholly owned subsidiary named Indian Ocean Gateway Terminal in Oman. This new entity aims to conduct offshore operations locally, aligning with the company's strategic expansion as a global transport operator. Adani International Ports Holdings Pte. Ltd. holds 100 percent of the subsidiary's shares. The incorporation involves a total share capital of OMR 500,000 with 100 shares of OMR 5,000 each.

22 Oct 2026 6:28 pm
Quote of the day by Stephen Levine: The more control we exert, the harder our bellies become, the tighter our hearts American author's powerful lesson on letting go

American poet and meditation teacher Stephen Levine believed that trying to control everything can leave us tense and unhappy. In an interview with Randy Peyser, he explained that conscious living means paying attention to the present with compassion. Levine also distinguished happiness from joy, calling the latter a birthright. His message encourages accepting uncertainty and living more fully instead of fighting what we cannot control.

22 Oct 2026 6:27 pm
Explore a steady approach to portfolio tracking

When the market experiences corrections, panic can easily set in for investors, causing them to rethink their long-term commitments. It's common to see reactions to volatility, even when the strategies themselves are unchanged. Success in wealth creation hinges on sticking to a steady approach instead of trying to outsmart market variations. Regularly assessing financial goals and portfolio health helps investors sidestep emotional choices and concentrate on achieving lasting financial outcomes.

22 Oct 2026 6:25 pm
Darjeeling toy train joyrides ferry 12,000 passengers, earn Rs 1.41 crore in 3 weeks

Darjeeling Himalayan Railway reported record passenger numbers during the first three weeks of October. The heritage railway generated significant revenue from joyride services offered to tourists. Special joyrides were introduced to facilitate the increased tourist numbers and enhance their experiences. Both steam and diesel locomotives operate on selected routes, showcasing the scenic beauty of Darjeeling. This initiative caters to the growing interest in heritage train journeys among visitors

22 Oct 2026 6:17 pm
Pizza Hut Indias restaurant sales fall 7% in FY26; EBITDA margin turns negative

Pizza Hut India reported a 7% decline in restaurant sales to 5,065 million in FY26. Restaurant EBITDA margin improved to -2.8% in Q2 FY27 from -3.6% in the previous quarter. Despite a recovery in quarterly sales, the annual average daily sales fell to 41,000 in FY26. Sales figures revealed fluctuations, peaking at 5,450 million in FY25. The company aims to recover from negative margins observed in recent fiscal years.

22 Oct 2026 6:09 pm
At 22, he built a gym machine in his garage. Now, the man behind the Ferrari of fitness is looking to India

Technogym founder Nerio Alessandri is looking to expand the Italian fitness and wellness company's presence in India, where fitness facility membership remains below 1% of the population. Founded in 1983, Technogym has grown from a garage startup into a global brand serving athletes, gyms, luxury hotels and households.

22 Oct 2026 6:03 pm
Civic Studios announces three releases spanning climate, sex education and womens boxing

Civic Studios is set to release three films focused on important social issues in the coming months. Spice & Soul is their first climate microdrama which showcases food waste and local sourcing. Little Thomas aims to provide sex education through a child's perspective and will be released in Indian cinemas. In The Shadows, a biopic about boxer Ramla Ali, explores themes of identity and resilience.

22 Oct 2026 5:40 pm
India-EU trade deal could become operational in early-2027, Piyush Goyal says

Piyush Goyal, Indias trade minister, has revealed that a free-trade agreement with the European Union is on the horizon, with expectations to finalize it by year's end. Set to become operational within four to five months after signing, this deal aims to improve market access and foster investment collaborations between India and the 27 EU member states.

22 Oct 2026 5:35 pm
Mumbai-Bengaluru Vande Bharat Sleeper to begin operations on November 1

India will launch its second Vande Bharat sleeper train service between Mumbai and Bengaluru on November 1. This service aims to reduce travel time by nearly eight hours, covering the 1,118-km distance in about 16 hours. The train will feature 16 air-conditioned coaches, offering 823 berths for passengers' comfort. Fares for the sleeper service will be determined based on a per-kilometer structure, which is competitive with global rates.

22 Oct 2026 5:32 pm
Government names Sunil Kumar ONGC chairman; to succeed Arun Singh in December

Sunil Kumar has been appointed as chairman of ONGC, succeeding Arun Singh, effective December 7. Kumars appointment follows recommendations from a selection committee that interviewed various candidates. He enters the role at a time of turmoil in the global energy market and heightened oil and gas prices. Singhs tenure saw improved profits and strategic partnerships that bolstered ONGC's output and operations.

22 Oct 2026 5:28 pm
6,500 metric tons incoming in next six months: India opens festive floodgates for silver

The increased allocation could support international silver prices while bringing down elevated premiums in India, where tight supplies have pushed local prices above official domestic benchmarks.

22 Oct 2026 5:25 pm
Jensen Huang shares a lesson on networking skills: After multiple failed attempts, Nvidia co-founder's unusual method made TSMC CEO contact him instead

Nvidia co-founder Jensen Huang has revealed how he struggled to contact TSMC founder Morris Chang in the late 1990s when his young company needed a manufacturer for its graphics chips. After repeated phone calls went unanswered, Huang wrote Chang a lengthy letter, eventually receiving an unexpected call that opened the door to a lasting business relationship.

22 Oct 2026 5:13 pm
US visitor visa wait hits 12 months in India

Indian applicants seeking US business and tourist visas may have to wait up to 12 months for the next available interview appointment in Mumbai. Hyderabad follows with a 10.5-month wait, while New Delhi has an estimated wait of 11 months, according to the departments Global Visa Wait Times update dated October 21.Kolkata applicants face an estimated 8.5-month wait for the next available appointment, while Chennai has a 7.5-month wait. Mumbai also records the highest average wait time among the f

22 Oct 2026 5:10 pm
Mahindra Lifespaces April-September pre-sales rise 66% to Rs 1,988 crore

Mahindra Lifespace Developers reported a 66% increase in residential pre-sales, reaching Rs 1,988 crore in H1 FY27. The company added Rs 7,100 crore in gross development value during the same period, showing strong demand. However, the second quarter saw a decline in profit after tax to Rs 16 crore from Rs 48 crore last year. The revenue from the integrated cities and industrial clusters also fell to Rs 63 crore.

22 Oct 2026 5:08 pm
GST reforms from November 1 to simplify e-commerce seller registration, fast-track refunds

Starting November 1, the government plans to simplify GST registration for small e-commerce sellers. These reforms intend to reduce compliance burdens and facilitate faster refund processes. New measures will streamline registration by allowing sellers to declare e-commerce warehouses as their Principal Place of Business. Automated systems will issue refunds without officer intervention to improve operational efficiency. A minimum threshold for issuing show-cause notices will also be introduced

22 Oct 2026 5:05 pm
Australia, India can accelerate global clean energy transition, says diplomat

Australia's High Commissioner to India highlighted collaboration opportunities for clean energy between Australia and India. The pairing of Australian mineral resources and engineering with Indian manufacturing could spur advancements in energy transitions. Both nations strive for stronger supply chains in renewable energy and related technologies. Australian commitments include aiming for net-zero emissions by 2050 with significant renewable energy targets for 2030.

22 Oct 2026 4:58 pm
AI in supply chain management: How enterprises are rethinking warehousing, forecasting and delivery

AI is changing supply chain management by helping businesses forecast demand, position inventory, automate warehouses, and improve delivery planning. As quick-commerce companies build operations around speed, established enterprises are exploring how similar capabilities can improve efficiency across complex networks. The challenge is connecting systems and translating better predictions into measurable operational gains.

22 Oct 2026 4:45 pm
Why do diets fail despite your best efforts? How expert nutrition support can help

Most diets fail not because of weak willpower but because generic plans ignore your food, routine and health needs, then leave you alone when cravings hit. Discover why personalised, expert-led support built around home cooking works better, and how a plan that fits your life makes healthy eating easier to sustain.

22 Oct 2026 4:44 pm
Vivo V80 review: A capable camera phone, but does it justify its Rs 62,999 price tag?

Vivo's latest launch, the V80, is tailored for both photography lovers and general smartphone users, boasting a robust design, extended battery life, and a stunning AMOLED display ideal for media consumption. However, while it handles daily operations adequately, we would have preferred a more powerful processor

22 Oct 2026 4:23 pm
Adani Energy's 'smart' bet & Rs 29,519 cr play

Adani Energy Solutions has 24.6 million smart meters under implementation across 10 projects, carrying a revenue potential of over Rs 29,519 crore, as the company looks to unlock growth from its metering business alongside a sizeable transmission project pipeline and expanding energy supply operations.The company had installed 14.82 million smart meters cumulatively by the end of September 2026, compared with 7.4 million a year earlier.Also read: Adani Energy Q2 Results: Profit zooms 148% YoY to

22 Oct 2026 4:20 pm
Air India breaks ground on Delhi MRO hangar to boost in-house maintenance

Air India has initiated the construction of a new Maintenance, Repair, and Overhaul hangar at Delhi's airport. This facility will enable the airline to streamline maintenance operations and improve fleet reliability. Once completed, it will accommodate both widebody and narrowbody aircraft simultaneously, marking a significant development in aviation. The hangar is designed for scalability and will reduce aircraft ground time significantly.

22 Oct 2026 4:06 pm
In 1892, Jesse Reno tilted a moving walkway to 25 degrees; four years later, about 75,000 people rode his strange new inclined elevator at Coney Island

In 1892, Jesse Wilford Reno patented a moving conveyor designed to transport people between different levels. His invention was first exhibited as an amusement ride at Coney Island, attracting around 75,000 visitors in two weeks. The conveyor consisted of metal boards and operated at a 25-degree gradient, differing from modern escalators. Although seen as an entertainment novelty, it laid the groundwork for future escalator development.

22 Oct 2026 4:05 pm
Lockheed, Pentagon strike initial deal to produce 850 F-35 jets

Lockheed Martin has entered into an agreement to produce 850 F-35 Lightning II fighter jets over the next decade. The contract is not an order but a prearranged long-term arrangement with the Department of Defense. This agreement aims to stabilize annual production at 156 aircraft, while also covering international orders and spares. Lockheed anticipates that this deal will support hundreds of thousands of jobs in the US.

22 Oct 2026 4:02 pm