The Economic Times

Mumbai: Airlines have suspended flights to Saudi Arabia until October 17 after the kingdom's aviation regulator suspended operations at Riyadh's King Khalid International Airport, disrupting travel across the region and leaving passengers seeking alternative routes.Air India, Air India Express and IndiGo have suspended services to Riyadh, Dammam and Jeddah, with IndiGo also suspending flights to Medina, according to an advisory issued by the Indian Embassy in Riyadh on Tuesday. Akasa Air has als

Ircon International has placed four highway assets for sale in a government-led monetisation programme. These assets include toll-road and hybrid annuity model projects located in Madhya Pradesh, Rajasthan, Karnataka, and Gujarat. The enterprise value of the assets is estimated to be around 3,000 crore, as advised by Axis Capital. Currently, Ircon is a Navratna company primarily earning from its railway segment.

The Department of Expenditure has urged states to expedite their use of interest-free loans for capital investment. With only a quarter of funds allocated utilized, swift action is necessary to meet spending targets. The central government released around 51,000 crore under the Scheme for Special Assistance to States for Capital Investment by October 1. The department is actively working with states to resolve delays and identify projects.

Amrut Distilleries is facing an inventory shortage as whisky demand continues to exceed production capabilities. The company's managing director Rakshit Jagdale indicated sales may remain flat leading to 2030. Rising imports of cheaper Scotch are also impacting sales of domestic whisky brands, particularly newer blends. Amrut plans to introduce a more affordable single malt and expand its portfolio with blended malt whisky.

Bihar has imposed restrictions on the sale of non-subsidised fertilisers to control access for farmers. These restrictions could limit the availability of advanced crop nutrition products through existing distribution networks. Industry executives warn that this move may lead to significant losses and hinder investment in new technologies. Concerns have been raised about potential impacts on soil health and crop productivity.

Clear display of rates helps patients and their attendants understand the likely financial implications of treatment, make informed decisions and plan their healthcare spending, health secretary Punya Salila Srivastava said in a communication to state and UT health authorities.

The suit, filed in the Bombay High Court, seeks $5 billion in direct damages for alleged fraud and negligence, $5 billion in consequential damages and $5 billion in compensation for reputational harm arising from various actions taken by the bank, including a lookout circular issued against him.

India's expanding network of free trade agreements is creating new opportunities for MSMEs to grow. The MSME ministry emphasizes the need for improved quality and cost competitiveness to access these opportunities. Moreover, government support for first-time exporters through practical assistance is crucial for success. It is essential to enhance certification participation and upgrade testing infrastructure to meet international standards.

The festive season is a major business driver for automobiles, electronics and gadgets, beauty and personal care, and home decor. India's annual advertising expenditure (adex) is estimated at Rs 1.5 lakh crore to Rs 2 lakh crore, with an ad-to-GDP ratio of 0.5%.

Sweets and desserts are experiencing higher prices this festive season due to increasing sugar costs and rising demand. Sugar prices have surged significantly year-on-year, contributing to overall food inflation. The festive calendar is expected to drive further demand for sweets and confectionery items. Manufacturers may react by adjusting prices while trying to maintain consumer affordability. Concerns about production due to uneven rainfall could complicate future price trends.

India's electricity demand has grown significantly this year, with peak demand reaching record levels in recent months. The Central Electricity Authority now estimates an increase in coal-fired power capacity requirements to 115 GW by FY32-FY34. Renewable energy growth is also expected to continue at more than 50 GW annually. Factors influencing demand include economic growth and climatic conditions like El Nio.

Jyotiraditya M. Scindia discussed significant banking developments at the North East Bankers Conclave 2.0 in Agartala. He outlined future targets including opening new bank branches and increasing ATM installations in unbanked areas. Collaborative efforts between banks and government were emphasized to enhance development in the Northeast region. The Chief Minister of Mizoram, Lalduhoma, highlighted the importance of banks in creating economic opportunities for citizens.

Saudi Civil Defence alerted citizens of a potential danger in the Eastern Province on Tuesday, which was soon reiterated by the Indian Embassy in Saudi Arabia.The Embassy urged citizens to take note of official instructions and follow the same as the Saudi authorities released an advisory for citizens.It requested citizens to remain calm and follow official instructions if they receive warning messages from the National Early Warning Platform for Emergencies.— SaudiDCD (@SaudiDCD) Immediat

Kriti Sanon showcases an advanced hanging stability-ball exercise that integrates strength and coordination for effective workouts. This exercise requires a secure grip, shoulder stability, and controlled leg movements to maintain balance. Fitness experts suggest that beginners build foundational strength before attempting such advanced routines. Proper technique and core engagement are essential for safety and effectiveness during the challenge. Overall, mastering basic movements is crucial bef

Adani Airports has decided to delay the transition of international flights to Navi Mumbai airport until March 2027. This decision comes after discussions with airline representatives regarding the partial shifting plan. Previously, airlines were instructed to reduce international flights by 33 percent starting from October 2025. A working group will develop a plan for the redevelopment of Terminal 1 at Mumbai airport.

Meta has announced its AI glasses that enable audio capture in Dolby Atmos for sharing on social media, enhancing user experiences. Dolby is expanding its reach from playback technologies to content capture with a focus on creators and social media. Research indicates that audio quality influences smartphone purchases, particularly in India, where mobile media consumption is high.

The house is a spotless white shade with a navy blue roof. A report by Magic Bricks states that the home has a clearly defined layout, balanced dimensions, and an appealing blend of colonial style and contemporary design.

Vivek Chaturvedi, Chairman of CBIC, emphasized the importance of reducing compliance burdens for GST taxpayers. During a recent meeting, various stakeholders discussed upcoming reforms focused on simplifying tax administration processes. Proposed changes include decriminalisation of certain offences and a higher threshold for prosecutions. The introduction of automated refunds and centralised administration aims to improve taxpayer experiences.

Mumbai, A meeting between the BCCI and IPL stakeholders scheduled for Thursday here has been postponed, Board Secretary Devajit Saikia said on Tuesday.The BCCI had called a joint stakeholders' meeting here on October 15, as the Indian Premier League (IPL) prepares to enter its landmark 20th season next year.The postponement comes as BCCI officials are required to attend a felicitation ceremony for the Indian men's and women's teams by Prime Minister Narendra Modi in New Delhi on October 15, foll

Hyundai Motor Group will invest $15.5 billion in India by 2032 to expand manufacturing operations and R&D capabilities. This investment aims to strengthen the local automotive ecosystem while fostering partnerships with local suppliers. Additionally, the group will establish a dedicated investment entity in India to coordinate these efforts. The comprehensive investment is expected to create numerous job opportunities across various sectors.

Virat Kohli made his LinkedIn debut to discuss his business interests beyond cricket. He highlighted his investment in Agilitas Sports and co-founding one8world, emphasizing global aspirations for Indian sports brands. Kohli's profile indicates his involvement with various sports-related ventures, showcasing his entrepreneurial ambitions. This platform serves a purpose beyond job searching and recruitment for public figures. As LinkedIn grows in India, celebrity presence may attract more users t

AVS Raju, the Founder and Chairman Emeritus of NCC Limited, passed away on October 13, 2026. His contributions to the construction industry are widely recognized across India and beyond. The announcement was made by NCC Limited in a statement issued on that day. Final respects for Raju will be paid at his residence in Jubilee Hills, Hyderabad. The public can pay their tributes starting from 10:00 a.m.

Rajinikanths mansion in Chennais Poes Gardens is a marvellous home. It is luxurious but is also known for minimalistic decor with neutral shades. However, the home is also famous for being a green haven as well.

RITES Limited recently dispatched the first rake of passenger coaches to Bangladesh Railway for a contract. This shipment is part of a larger agreement to supply 200 passenger coaches. The contract was awarded in May 2024, funded by the European Investment Bank, amounting to Rs 915 crore. The dispatched rake includes various types of coaches manufactured by Rail Coach Factory in Punjab.

Electric vehicles are expected to capture more than 10% of passenger vehicle sales in India by the year's end. Factors such as new models, improved battery ranges, and expanded charging infrastructure contribute to this growth. Recent sales trends indicate a significant increase in electric vehicle sales, nearly doubling compared to last year. JSW MG Motor anticipates a rise in demand during the festive season ahead.

Selma Blair's Los Angeles residence is a true reflection of her vibrant personality, featuring an eclectic mix of design and bold color palettes. Partnering with designer Bryan Wark, the space embraces modern and vintage aesthetics, adorned with cherished items. The dining area is cleverly crafted for versatility, ensuring it serves both dining and social gatherings. This transformation showcases how personal flair can seamlessly coexist with a homes classic essence.

Nagaraju Maddirala, previously a financial services secretary, has been appointed Chairman and Managing Director of IL&FS. His appointment was confirmed by the Ministry of Corporate Affairs on October 12 following Nand Kishore's tenure. Maddirala will receive a monthly remuneration of Rs 5.5 lakh along with a company car. IL&FS is currently under a government-appointed board due to previous financial issues.

Moj, owned by Mohalla Tech, has surpassed 500 million downloads on the Google Play Store recently. It ranks fourth in Indias Social Media category, standing out as the only Indian app in the top four. The platform boasts over 1 billion daily video plays, with users spending nearly 300 minutes monthly. Additionally, creators on Moj are earning close to Rs 100 crore annually, demonstrating substantial growth.

A Bengaluru court granted an injunction to Siddaramaiah, restraining media from publishing videos linking him to a honey trap. He claims these allegations are intended to tarnish his reputation and character for political reasons. Siddaramaiah has stated he has no connection to the alleged sting operation circulating on social media. He supports freedom of expression but sought legal action due to misuse by certain media sections.

Hyundai Motor Group intends to invest $15.5 billion in India between 2026 and 2032. This investment aims to position India as a key market for the company's growth and expansion. The discussions about this initiative occurred during a meeting with Prime Minister Narendra Modi Ji. Executive Chair Euisun Chung emphasized the importance of India for next-generation automotive innovation.

Prime Video has confirmed that Allie and Dean will be the main couple in Season 2. Their romance will build on the connection viewers saw in the first season. Creator Louisa Levy has said their love story will take centre stage, while the other characters will continue to have their own stories.

An American billionaire entrepreneur is reportedly building a modern-day Eden in Southwest America. Named Telosa, the city has received $500 billion in funding and will have jaw-dropping infrastructure such as self-driving cars, eco-friendly skyscrapers, etc. The city will be the perfect example of reformed capitalism.

In memory of her grandmother, Rihanna established the Clara Lionel Foundation in 2012, catalyzing a wave of generosity. With over $100 million in grants, the foundation champions vital causes like healthcare, education, and women's empowerment. Following Hurricane Melissa in late 2025, its focus on disaster preparedness illustrates a profound commitment to fostering resilient communities and addressing future challenges.

OnMeta has signed a memorandum of understanding with QazPost to explore digital financial solutions. This collaboration aims to integrate OnMeta's digital infrastructure with QazPost's extensive distribution network.

Kiran Mazumdar-Shaw emphasized the importance of building an innovation-driven pharmaceutical industry in India. She highlighted the need for continued investment in research and regulatory reforms to enhance drug development. The industry must focus on maintaining high-quality standards as it seeks to innovate. Closer cooperation between industry and regulators can help sustain momentum during this transition. India has the potential to participate actively in the global innovation ecosystem.

In an exciting announcement, Apple has launched three innovative devices for enhancing smart home environments: the HomeView, HomePod mini 2, and Apple TV 4K. HomeView is the new smart home hub with a user-friendly 7-inch display. The HomePod mini 2 promises richer audio and forthcoming advanced Siri features, while the Apple TV 4K improves streaming options and enables hands-free Siri usage.

The Bengaluru-based developer recorded residential pre-sales of Rs 7,225 crore in the July-September quarter, up 20% year-on-year. Sales volume stood at 5.84 million sq ft, with 3,910 units sold. For the first half of FY27, sales volume reached 11.88 million sq ft, with 7,247 units sold.

India requires a reliable and technology-enabled statistical system to aid evidence-based policymaking. Principal Secretary to the Prime Minister P K Mishra emphasized the need for stronger state-level statistical institutions. He highlighted the importance of integrating data systems and using advanced technologies for accurate statistics. Mishra urged that more granular data is essential for assessing policy outcomes and addressing regional disparities.

The Indian Embassy in Riyadh has issued an advisory for Indian nationals in Saudi Arabia, asking them to follow local safety instructions, avoid circulating unverified videos and news, and check with airlines before travelling, as flight operations remain disrupted following the October 10 attack at Riyadh airport.The General Authority of Civil Aviation (GACA) has suspended operations at King Khalid International Airport in Riyadh, while flights at Dammam, Jeddah and Medina airports are continui

Uttarakhand has issued a ban on the manufacture, sale and distribution of tobacco products for one year. This decision emphasizes the importance of public health as stated by the Food Safety Commissioner. The ban affects all products containing tobacco or nicotine regardless of their branding. Previously, Odisha also implemented a similar prohibition, beginning in early 2026. Restrictions on these products have been in place in Odisha since 2013.

In 1997, Shakira established Fundacin Pies Descalzos to enhance educational opportunities for Colombian children. Since then, the foundation has positively impacted the lives of countless young learners by supporting over 300 schools and training many educators. Specifically, Shakira's initiatives now focus on aiding communities affected by natural disasters, ensuring that education remains accessible for all children, regardless of their circumstances.

Tata Power has signed an agreement with Imperial College London to explore collaboration in energy transition research. This partnership will focus on areas such as grid flexibility, energy storage, and AI applications. The cooperation aligns with the India-UK Vision 2035 initiative's goals for clean energy and climate action. The agreement aims to leverage Tata Power's operational experience alongside Imperials research expertise in digital technologies.

Over 400 infrastructure projects worth approximately Rs 20.23 lakh crore have been approved under the PM GatiShakti initiative. The initiative aims to reduce logistics costs by developing integrated infrastructure across India. It integrates more than 1,800 data layers covering various sectors, including transportation and telecommunication. The Network Planning Group reviewed these projects for investments exceeding Rs 500 crore. This digital platform enhances data-driven infrastructure plannin

Johan Eliasch generated buzz by securing ownership of 400,000 acres of the Amazon rainforest to combat logging threats. However, his move raised concerns about the fate of roughly 1,000 workers employed in the logging industry. Detractors questioned the appropriateness of foreign ownership in Brazilian lands for conservation ideals. Additionally, Eliasch's partnership in founding Cool Earth reflects the ongoing struggle to balance environmental conservation with the livelihoods of nearby communi