The Economic Times

Mumbai's consumer price index-based retail inflation is projected to remain above 6 percent in upcoming months. This rise is attributed to increasing food prices, an adverse base effect, and commodity price impacts. Economists predict that retail inflation will average 6.2 percent in the October-December quarter of FY27. Heightened food prices and weather-related risks pose ongoing challenges for crop production.

State Bank of India has revised its estimate for the upcoming Reserve Bank of India rate hike. The new projection suggests a 0.25 percent increase instead of a previously expected 0.50 percent. This adjustment follows improvements in external conditions and a revival in foreign fund inflows. Analysts note that inflation is projected to remain above 6 percent in November before easing.

SoftBank Group-backed investment vehicle SVF II Meerkat (DE) LLC is likely to divest around 1% stake in e-commerce platform Meesho through a block deal worth Rs 1,174 crore, according to reports.The floor price for the transaction has been set at Rs 246.23 per share, representing a discount of around 3.1% to Meesho's closing price of Rs 254.15 apiece on Thursday.SVF II Meerkat (DE) LLC held 31,63,60,762 shares, representing a 6.84% stake in Meesho, at the end of the September quarter of FY27, ac

Nvidia CFO Colette Kress has been named interim CEO of Nvidia after Jensen Huang stepped down from the leadership role. A finance graduate with an MBA, Kress joined Nvidia in 2013 after working at Microsoft, Cisco and Texas Instruments. Here's a look at her education, qualifications and nearly 25-year career in the technology industry.

In a move that would certainly send shockwaves through the tech world, Nvidia CEO Jensen Huang resigned from the company as president, chief executive officer (CEO) and a member of the company's board of directors, with immediate effect on Thursday.Meanwhile, Chief Financial Officer Colette Kress has been appointed as interim chief executive officer as the chip giant begins a search for a permanent successor.Nvidia's board said it will consider both internal and external candidates for the posit

Commerce and Industry Minister Piyush Goyal stated that India is close to finalizing a strong trade deal with the US. The framework for the initial phase of the bilateral agreement has been completed. However, recent changes in US tariffs have necessitated further discussions between the two countries. Goyal emphasized that the outcomes of the negotiations will be beneficial for India.

In an appearance on Ellen DeGeneress talk show, Deepika Padukone opened up about her relationship with her parents, Prakash and Ujjala Padukone, and how they shaped her life. Deepika is one of the highest-paid actresses in India, with a net worth of Rs 500 crore.

Shree Cement Ltd plans to invest Rs 7,000 crore to establish cement plants in Andhra Pradesh. The company will set up facilities in Kadapa, Anakapalli, and Guntur districts. This decision comes after incentives from the coalition government led by Chief Minister N Chandrababu Naidu. Shree Cement aims to increase its production capacity beyond 80 million tonnes in the near future.

On Thursday, Andhra Pradesh called on American retail major Walmart to expand its local procurement by bringing the state's MSMEs, women-led self-help groups (SHGs), and artisans into its supply network.The request was made during discussions between Andhra Pradesh's IT and HRD Minister Nara Lokesh and Paul Dyck, Walmart's Senior Vice President for Global Government Affairs and Business Diplomacy, who met on the sidelines of the 31st CII Partnership Summit.Andhra Pradesh is asking Walmart and Fl

NCLT approved the amalgamation of Jana Holdings Ltd with Jana Capital Ltd effective November 3, 2026. Both companies belong to the promoter group of Jana Small Finance Bank Limited. The amalgamation aims to eliminate the Non-Operative Financial Holding Company layer while ensuring a seamless transition of assets and liabilities. Jana Holdings was established in January 2017 for regulatory compliance and will be dissolved post-merger.

High fuel prices, supply chain issues, and sustainability concerns are currently affecting the airline industry significantly. The Association of Asia Pacific Airlines highlighted that operational costs are increasing due to rising jet fuel prices. Governments are encouraged to engage in benchmarking to identify competitive strategies for their respective aviation markets. Sustainable Aviation Fuel production remains constrained, impacting airlines' decarbonization efforts.

Oyster Renewable Energy is nearing completion of a 60.9 MW wind-solar hybrid project in Kadapa district. The project will be operational by next month and includes solar and wind energy capacity. The solar capacity has already been commissioned and operational, generating significant electricity annually. Once complete, the project aims to reduce CO emissions considerably each year. Laurus Labs will benefit from reliable renewable power through this hybrid energy initiative.

Art Mumbai is back, showcasing a wider array of international exhibitors while highlighting the evolution of art collections. With community initiatives and social media playing pivotal roles, art accessibility and engagement are being transformed in India.

Fairfax Financial Holdings has successfully acquired a controlling stake in IDBI Bank for Rs 52,878 crore. The investment aims to redefine IDBI Bank as a comprehensive financial services provider in India and abroad. Fairfax plans to integrate its existing insurance and capital market businesses into IDBI Bank to enhance its offerings. The acquisition reflects Fairfax's strategy of leveraging IDBI Bank's infrastructure for greater market competitiveness.

Priyanka Chopra revealed why visiting husband Nick Jonas' house makes her nervous. While her own home has several things that do not work, Nick's house is always spotless. She also recalled her dog peeing on his white carpet. In the same interview, Priyanka revealed how Nick convinced her to get married in India.

India's budgeted direct tax collection target for this fiscal year is Rs 26.97 lakh crore. Current collections are at approximately 53 percent of this target as of November 10. Experts flag the need for a rise in corporate tax and advance tax collections in upcoming months. Non-corporate tax collections have shown slower growth compared to corporate tax collections during the same period.

Ness Wadia agrees with Juhi Chawla's suggestion of starting the IPL in January, stressing that it is reliant on the cricketing schedule worldwide. He believes that an earlier start could ease challenges posed by heat and rain in typical months. While he appreciates the idea, he cautioned against adding more teams at this point. Wadia emphasized the IPL's potential for growth, noting its relative youth among international leagues.

Union Minister K Rammohan Naidu emphasised India's economic growth during the 31st CII Partnership Summit in Visakhapatnam. He attributed this growth to the leadership of Prime Minister Narendra Modi, coining the term 'Modinomics'. Naidu highlighted the transformation in global economic landscapes and emphasized India's potential with its young population and innovation capabilities. He mentioned the civil aviation ministry's extension of the UDAAN scheme aimed at enhancing connectivity.

An abandoned Parisian apartment reveals an extraordinary artistic treasure: a long-lost bronze sculpture by French sculptor Camille Claudel, discovered after 15 years of neglect. Titled The Age of Maturity, the sculpture reflects themes of love, loss and personal struggle, possibly drawing inspiration from Claudels relationship with Auguste Rodin. Authenticated by experts, the masterpiece sold for 3.1 million, highlighting Claudels growing recognition and the renewed appreciation of her artistic

India was the second-largest buyer of Russian fossil fuels in October, purchasing hydrocarbons worth 6.4 billion, according to a monthly analysis by the Centre for Research on Energy and Clean Air (CREA). It was Indias highest monthly total in data going back to January 2022.Crude oil accounted for 91% of Indias purchases at 5.8 billion. Coal imports were worth 333 million, while oil products accounted for 232 million.Indian refineries raise Russian crude purchasesIndias imports of Russian crude

KL Rahul will invest in PlayBlue, a multi-brand sports retail venture launching its flagship store on November 14. The flagship store in Bengaluru will feature over 75 brands, including apparel and sporting equipment. PlayBlue aims to create an integrated platform that offers expert guidance and experiential retail for consumers. It plans to expand its presence to more than 100 stores across India over the next five years.

India's central bank is working on new rules to prevent private equity firms from holding controlling stakes in multiple non-bank lenders. The proposal aims to mitigate potential financial risks stemming from global private equity firms' investments. While larger stakes will attract greater scrutiny, smaller investments are encouraged to support growth in the financial sector. Recent data shows significant foreign investment in non-bank lenders, highlighting strong demand for credit.

GAIL (India) and KRIBHCO have signed an agreement to explore constructing a urea plant in Andhra Pradesh. The plant is expected to generate direct and indirect job opportunities for local residents. Officials aim to set up a facility producing 1.27 million tons of urea per year in Srikakulam. The state government will support the initiative by providing land and infrastructure.

Ariana Grande and Ricky Alvarez have taken their romance from Instagram to the red carpet. The two, who dated from 2015 to 2016, triggered dating rumours in June 2026 after they were spotted together. Grande later shared a playful video with Alvarez, and they have now made their red carpet debut as a couple at the New York premiere of Focker-in-Law.

Reliance Industries is set to invest approximately 430 billion rupees in Andhra Pradesh for a coal gasification project. This project aims to create 5,000 direct and 35,000 indirect jobs, while attracting further investments over its lifetime. The first phase will involve exploration and pilot demonstrations to establish the project's feasibility. An additional investment of approximately 400 billion rupees will follow if the first phase proves successful.

The recent selloff in US stocks has left investors searching for signs of a market bottom, but four key indicators suggest it may be too early to declare the correction over, according to a Reuters analysis.Technology and artificial intelligence-related stocks have fallen around 10% from their recent peaks after the Nasdaq-100 hit a record high in early October. While shares have stabilised somewhat, investor positioning, options activity and technical indicators continue to signal caution.Read

R Mukundan, the CII President, stressed the crucial role of Free Trade Agreements (FTAs) in fostering joint ventures and enhancing investment prospects. He noted India's resilient economic growth, even faced with global challenges like geopolitical tensions and elevated energy prices. The broadened scope of India's FTAs promises to enrich economic interactions and spur advancements in emerging technologies such as AI and biotechnology.

India's Godrej Industries on Thursday said Temasek Holdings will invest 25 billion rupees ($266.98 million) through its affiliate, in Godrej Capital, valuing the financial services business at up to 280 billion rupees.The Singapore state-owned investment firm will retain about 80% ownership following the deal.

The R&B Tour featuring Usher and Chris Brown has unfortunately led to the cancellation of several shows in November and December, attributed to health concerns. Fans whose shows were cancelled can expect automatic refunds processed within 14-21 days, depending on their bank. While some dates are affected, many performances in major cities will remain as planned.