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The Economic Times

Economy / The Economic Times

Yoga Bar maker Sproutlife Foods to merge with ITC; board approves scheme

ITC Ltd has received board approval for a scheme to merge Sproutlife Foods into its operations. This move is designed to streamline business processes and enhance value creation for ITC. Sproutlife, focusing on health-centric food products, achieved a turnover of Rs 451.71 crore in FY26. ITC clarified that no new shares will be issued in this merger, set to be effective from April 1, 2026.

2 Nov 2026 8:24 pm
Parliamentary panel raises concerns over high airfares; IndiGo, Air India flag rising fuel costs, Pakistan airspace closure

A parliamentary panel raised concerns over high airfares during discussions with IndiGo and Air India officials. Rising Aviation Turbine Fuel prices and the closure of Pakistan airspace were cited as major factors. IndiGo reported significant losses in the September quarter due to these issues, alongside challenges faced by Air India. The meeting also reviewed aircraft security and global aviation practices in India.

2 Nov 2026 8:23 pm
Pakistan suffered $40 billion in economic losses due to suspension of trade with India: PIBC chief

Lahore has faced an estimated USD 40 billion in economic losses since trade with India paused in 2019. Business leaders emphasize the need for restoring these commercial ties to stimulate mutual benefits. The suspension has escalated costs for essential goods that are typically imported from India. Industries, particularly textiles and pharmaceuticals, have struggled to cope with rising transportation and sourcing expenses.

2 Nov 2026 8:13 pm
J Estates partners with Emoha for senior living project in Gurugram

Gurugram-based J Estates is collaborating with Emoha to develop J 36, a senior living project in Sohna. This initiative aims to integrate residential design with elder-care services for residents and their families. The project will feature 190 units with various apartment configurations and an estimated sales potential of Rs 525 crore. Emoha will contribute its expertise to enhance the resident experience through community support and wellness programs.

2 Nov 2026 8:11 pm
FM Sitharaman acknowledges foreign investor anxiety, says she will consider voices seeking tax changes before Budget

Union Finance Minister Nirmala Sitharaman acknowledged concerns from investors regarding potential tax changes to support equity markets. She emphasized that while taxation is vital, India's economic indicators remain robust and positive. Sitharaman highlighted the necessity for capital expenditure to sustain economic growth and fiscal prudence. On welfare, she noted significant improvements in access to essential services contributing to decreased poverty levels.

2 Nov 2026 8:01 pm
Learjet 60 crash palm beach: What happened in the final 60 seconds as plane plunged at 32,000 feet per minute?

A Learjet 60 crashed into a mobile home community in Florida, triggering a massive fireball. The pilot's chilling final words, We're out of time, captured the desperate moments before the Learjet 60 plunged into a Florida mobile home community. The crash triggered a massive fireball and left authorities investigating multiple fatalities.

2 Nov 2026 7:54 pm
Finance Minister Sitharaman urges Tata to resolve feud amicably

Nirmala Sitharaman highlighted the importance of resolving the ongoing differences within Tata Sons and Tata Trusts. She emphasized that the matter should remain private and avoid public discussions. The Finance Minister acknowledged the contributions of the Parsi community to the Tata Group's global brand. Concerns regarding foreign investor outflows and their impact on India's economy were also addressed.

2 Nov 2026 7:52 pm
India's renewable sector attracts investments worth $67 billion in last 2 years: Pralhad Joshi

The sector is growing at a fast pace in India and will play an important role in meeting the country's future power demand, the Minister for New and Renewable Energy (MNRE) said while addressing the Bharat Renewable Energy (BRE) Summit & Expo 2026 in the national capital.

2 Nov 2026 7:47 pm
NBCC to build world's largest Maharana Pratap statue in Rajasthan's Haldighati

NBCC Ltd will create the world's tallest statue of Maharana Pratap in Haldighati, Rajasthan. The project is part of a Rs 168 crore tourist circuit to promote the region's historical significance. A world-class museum will showcase the legendary warrior and his horse, Chetak. An immersive projection show will highlight the historical events from the Battle of Haldighati. The circuit aims to enhance Haldighati's appeal as a heritage and tourism destination.

2 Nov 2026 7:45 pm
Nissan Motor Indias October sales fall 14% as exports drop 35%

Nissan Motor India reported a 14 percent decrease in total sales during October, reflecting weak exports. The company achieved a significant domestic sales increase of 50 percent compared to last year. Total vehicle dispatches fell to 8,310 units from 9,674 units in the previous period. Exports dropped sharply, declining by 35 percent to 4,710 units. The managing director highlighted ongoing customer confidence and focus on enhanced ownership experiences.

2 Nov 2026 7:39 pm
'Legacy is a balance': Jaipur's Maharaja Sawai Padmanabh Singh on royal heritage, natural diamonds and evolving traditions

Jaipur's titular Maharaja and professional polo player Sawai Padmanabh Singh, popularly known as Pacho, opens up about his royal heritage, family heirlooms and evolving ideas of luxury. He reveals the special keepsake designed by his grandmother that he hopes to pass down to future generations, while sharing his thoughts on natural diamonds, traditional craftsmanship and what it takes to keep a centuries-old legacy relevant in modern times.

2 Nov 2026 7:26 pm
IndiGo to consider hedging fuel as it ventures on long haul routes

IndiGo is evaluating the possibility of hedging fuel costs as it plans for long-haul international operations. The airline's planned introduction of the Airbus A350 aircraft will enhance its overseas expansion strategy. Despite previously avoiding fuel hedging, management is now reassessing this approach in light of market competition. IndiGo's dominant position in the domestic aviation market facilitates its long-term growth aspirations.

2 Nov 2026 7:24 pm
'Dancing with the Stars' Disney night: Which couples are dancing to 'Beauty and the Beast', 'Hamilton', and more? Check who all are performing

Dancing with the Stars will host its annual Disney Night featuring Broadway twists on November 2. Celebrity couples will perform routines inspired by various Disney films and stage productions. The judging panel will include guest judge Cynthia Erivo and other permanent judges. Special team dances and live Broadway performances will also be part of the episode. Viewers can watch the show live or stream it the next day on Hulu.

2 Nov 2026 7:11 pm
Ambuja Cements to invest Rs 14,500 crore to add 30 million tonnes capacity by FY30

Ambuja Cements will invest Rs 14,500 crore to increase its cement production capacity significantly by FY30. The company aims to boost its capacity from 125 million tonnes to 155 million tonnes over the next few years. This expansion will improve efficiencies and reduce manufacturing costs while targeting new markets. Adani Cement will also contribute to the overall capacity increase through new production facilities.

2 Nov 2026 7:08 pm
TajGVK Hotels & Resorts rebranded as Krishna GVK Luxury Hotels

TajGVK Hotels & Resorts Limited has been rebranded as Krishna GVK Luxury Hotels Limited after a recent ownership change. The company was formed in 1995 as a joint venture between the GVK-Bhupal family and IHCL. As IHCL sold its entire stake in December 2025, the GVK-Bhupal family now fully owns the hotels. The hotel brand will remain Taj, operated by IHCL through management agreements.

2 Nov 2026 7:04 pm
Same-day voter registration: How to register and vote on November 3 for US midterm elections in California and other states

In California, same-day voter registration allows qualified citizens to both register and vote on the very day of elections. To participate, individuals must be at least 18 years old and a US citizen. Registration is available at specified locations during the 14 days leading up to the election, including Election Day. Other states also provide same-day registration, though they may have unique procedures and documentation.

2 Nov 2026 6:57 pm
Delhi friends take auto to Bihar after failing to get train tickets; 1,200-km journey for Chhath Puja wins internet's respect

Unable to get train tickets for Chhath Puja, a Delhi man named Rishav Thakur has taken an auto-rickshaw to travel to Madhubani in Bihar with his companions. The group is making the unusual journey after missing the festival at home for nearly three years. His videos have attracted attention on social media.

2 Nov 2026 6:56 pm
Elon Musk vs Sam Altman: After OpenAI CEO questions people's RAM usage at home, Musk defends ordinary users with a meme

Elon Musk has taken a dig at OpenAI CEO Sam Altman after the latter questioned why people keep large amounts of RAM in their personal computers when the limited memory supply could be used more efficiently by AI data centres. Sharing a meme on X, Musk defended ordinary consumers. The exchange comes amid a global memory shortage that is driving up prices of PCs, smartphones and other electronic devices.

2 Nov 2026 6:52 pm
Mindspace REIT leases 1.6 million sq ft in Q2, NOI rises 31.9%

The Real Estate Investment Trust (REIT) has also leased around 0.6 million sq ft at its newly acquired Chennai assets since acquisition. A large transaction covering around 0.5 million sq ft was signed at One Radial with a European banking, financial services and insurance (BFSI) global capability centre (GCC).

2 Nov 2026 6:51 pm
Govt moves to resolve Scotch tariff dispute under UK trade pact, sources say

India has assured industry executives that it will honor the trade pact with Britain regarding Scotch whisky tariffs. Ongoing investigations into bulk Scotch imports are expected to result in a resolution. Commerce Secretary Rajesh Agrawal detailed steps to address concerns over duty concessions for bulk imports. The disagreement centers on customs classifications affecting the whisky industry significantly.

2 Nov 2026 6:47 pm
'Energy security directly linked to economic security': PM Modi highlights impact of global crisis

Prime Minister Narendra Modi highlighted the importance of energy security linked to economic security during the global crisis. He stated that India is prioritizing clean energy and green hydrogen to boost its energy independence. The National Green Hydrogen Mission aims for 5 million tonnes of green hydrogen production by the decade's end. India has achieved 300 GW of non-fossil fuel-based energy capacity and is targeting 500 GW.

2 Nov 2026 6:37 pm
Nita Ambani's rare dragonfly brooch took 10 years to make. What makes world-renowned Chinese jewellery creator Wallace Chan's jewellery so special?

At the launch of The Library at Nita Mukesh Ambani Cultural Centre in Mumbai, Nita Ambani wore a significant brooch. The piece, called Soaring Spirit, is crafted by Wallace Chan and took ten years to complete. Valued between Rs 12 crore and Rs 15 crore, the brooch features colourful gemstones and intricate designs.

2 Nov 2026 6:36 pm
No engine, no driver, 6 km journey: Seven empty train coaches roll away from Tamil Nadu yard, derail near Tirupattur

Ghost train scare in Tamil Nadu: Seven empty railway coaches reportedly rolled away unattended from Jolarpettai railway yard in Tamil Nadu's Tirupattur district and travelled nearly six kilometres before derailing near Thamaleri Muthur. The incident disrupted Bengaluru-Chennai train services and triggered an emergency response from railway authorities.

2 Nov 2026 6:01 pm
India's economic pillars show 'no fragility', says Finance Minister Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman highlighted the government's commitment to increasing capital expenditure to promote economic growth. She remarked on the importance of fiscal prudence while implementing spending strategies effectively. Sitharaman emphasized the need for public investment to enhance welfare programs and improve access to essential services. The government aims to provide comprehensive insurance coverage by 2047 to foster financial inclusion.

2 Nov 2026 6:00 pm
Capex key to India's growth strategy, fiscal prudence remains top priority: Sitharaman at HSBC event

Finance Minister Nirmala Sitharaman highlighted the importance of capital expenditure in driving economic growth in India. She stated that government spending would be guided by fiscal discipline while encouraging private sector investment. Sitharaman noted that higher public investment has historically generated strong economic returns over time. She reassured that the Indian economy remains robust, with no sign of fragility.

2 Nov 2026 5:58 pm
Severe Cyclone Murasu: 19 flights cancelled across 3 Andhra airports

Severe cyclonic storm Murasu is expected to impact Andhra Pradesh, resulting in significant flight cancellations. At least 19 domestic flights have been canceled across Vijayawada, Tirupati, and Visakhapatnam airports. Major airlines such as IndiGo and Air India Express have announced several flight cancellations. The storm is anticipated to cross the Andhra Pradesh coast during the night between November 2 and November 3.

2 Nov 2026 5:55 pm
Pumpkin in laddoos? Alia Bhatt, Deepika Padukones nutritionist, shares healthy festive recipe for Diwali

As Diwali draws near, it brings with it opportunities for joyful feasting. Celebrity nutritionist Yasmin Karchiwala presents a delightful twist on traditional treats with her pumpkin laddoos. Combining almond flour and pumpkin pure, these healthier desserts offer indulgence without guilt. Perfect for sharing with loved ones, this recipe transforms festive gatherings into a celebration of both taste and well-being.

2 Nov 2026 5:53 pm
Skipping exercise? Harvard-trained gut doctor shares 5 ways it can affect your gut health

Engaging in regular physical activity has been linked to enhanced gut health, claims Harvard-trained gut doctor Dr Saurabh Sethi. Studies suggest that regular exercise boosts butyrate production, which is vital for gut wellness. Furthermore, it helps alleviate constipation symptoms and fortifies the gut barrier, preventing toxins from entering the bloodstream. For optimal results, health professionals recommend integrating walking, moderate exercise, and strength training into daily activities,

2 Nov 2026 5:52 pm
Stand-off over co-pilot rule: Helicopter operators suspend Char Dham services, talks on Nov 4

Earlier in the day, a meeting was held between the representatives of operators, the Directorate General of Civil Aviation (DGCA) and UCADA over the suspension. A senior UCADA official told PTI on condition of anonymity that during the meeting, the government proposed to mandatorily implement the co-pilot rule from next year as part of the annual registration process for charter operators plying on Char Dham routes.

2 Nov 2026 5:44 pm
Wockhardt expands novel antibiotic Miqnaf's access; Q2 revenue rises 24%

Wockhardt has expanded its marketing access for Miqnaf in India following the removal of a supply condition. The company's biotechnology sector recorded significant revenue growth, indicating strong demand for its products. Zaynich received US FDA approval for complicated urinary tract infections, serving as a milestone for Indian pharmaceuticals.

2 Nov 2026 5:27 pm
The changing C-suite: How finance and HR leaders are driving business transformation

CFOs and CHROs are moving beyond traditional responsibilities to become strategic business partners. The discussion explores how finance and HR leaders are navigating uncertainty, driving technology adoption, building organisational resilience and aligning financial and people strategies with sustainable growth.

2 Nov 2026 5:24 pm
Who is Pooja Dadlani? Shah Rukh Khans manager earns Rs 9 crore annually. She has even managed Deepika Padukone

Today marks the 61st birthday celebration of Shah Rukh Khan, coinciding with the birthday of his dedicated manager, Pooja Dadlani. Since 2012, Pooja has played a pivotal role in managing SRK's film projects and brand partnerships, along with overseeing his production company and IPL team. Her previous experience managing actress Deepika Padukone hints at her expertise, but its the strong bond and constant collaboration with SRK that really stands out.

2 Nov 2026 5:15 pm
Inside Shah Rukh Khan's Mumbai home Mannat: 27,000 sq ft mansion featuring 42-seat private theatre and floor-to-ceiling wooden bookshelves library designed for SRK

Shah Rukh Khan's Mannat is more than a celebrity residence, with the iconic Bandra mansion reflecting the actor's journey from dreaming of owning the property to making it his family home. Originally built in 1914 as Villa Vienna, the six-storey, 27,000 sq ft bungalow was purchased by Shah Rukh for Rs 18 crore in 2001. Designed by Gauri Khan, the interiors feature a 42-seat private theatre, the actor's personal library, dedicated family spaces and artworks by celebrated Indian artists.

2 Nov 2026 5:12 pm
PM Modi to inaugurate Pune Metro projects worth Rs 21,800 crore

Prime Minister Shri Narendra Modi will inaugurate and lay the foundation stone of Pune Metro projects. The inaugurated Pink Line will connect Hinjewadi IT Hub and Shivajinagar, helping commuters access employment centers. Additionally, the new Phase-II will include several metro lines at an estimated cost of 13,500 crore. These developments aim to improve urban mobility and reduce traffic in Pune.

2 Nov 2026 5:05 pm
Navi Mumbai airport presents big opportunity for IndiGo, says CEO Willie Walsh

IndiGo sets its sights on enhancing its international long haul network by shifting some flights to Navi Mumbai airport. Willie Walsh, the airline's CEO, sees this as a pivotal move for future growth. Despite opposition from other foreign carriers, IndiGo is undeterred, viewing Navi Mumbai as an essential opportunity as Terminal 1 of Mumbai airport undergoes renovations next year.

2 Nov 2026 5:00 pm
Prince William has no intention of rebuilding ties with Prince Harry and Meghan Markle. What deeply fractured their relationship?

Tensions continue to simmer between Prince Harry, Meghan Markle, and the British royal family as they strive to mend fractured ties. Despite Harry's hopes for a family resolution, Prince William remains resistant to reconciliation, further complicating the already strained brotherly bond. Since 2020, public interviews and controversies have deepened the rift, and King Charles appears to align with William's stance, leaving little room for a reunion at this time.

2 Nov 2026 4:59 pm
Indians turn to side hustles, freelancing as non-salary income rises: ClearTax

Indians are increasingly earning from non-salary sources like trading and freelancing as reported by ClearTax. The percentage of self-filers reporting such income grew significantly from previous years. Data shows that young individuals are entering investment opportunities earlier than ever before. Additionally, women's participation in capital gains and higher income brackets has increased noticeably. This reflects a significant change in financial habits and diversification of income sources

2 Nov 2026 4:56 pm