The Economic Times

With the birth of her two grandchildren, Candace Cameron Bure is reveling in her role as a grandmother, finding joy in the experience that feels refreshingly different. Her age and patience allow her to fully appreciate the moments spent with her grandkids, which she happily shares on social media. At the same time, her daughter Natasha candidly shares the complexities of postpartum life, emphasizing the love that overshadows the challenges.

Celebrating Children's Day encourages parents to focus on planning for their children's future financial needs. Investing in mutual funds can support goals such as higher education and marriage. Parents are advised to consider both children's funds and diversified equity funds depending on their risk appetite. Avoiding common investment mistakes can help in building a reliable corpus over time.

Two oil tankers exploded and caught fire in the Strait of Hormuz after striking naval mines. The Iranian Revolutionary Guard Corps reported the vessels had turned off their radar and positioning systems. This incident raises tensions involving Iran, the United States, and Israel in the strategic waterway. The IRGC also claimed responsibility for targeting a US radar installation in Bahrain.

Carlsberg is preparing a potential $600 million IPO of its Indian business, targeting a $4 billion valuation. The offering could launch as early as January 2027, comprising a 15% stake sale by its Danish parent. Strong IPO demand in India supports the listing outlook, with Carlsberg India reporting robust revenue.

Raw sugar futures experienced a downturn as declining energy prices coupled with weak physical demand influenced production strategies. Brazil reported a reduction in sugar output due to heavy rainfall linked to the El Nio phenomenon, subsequently affecting global supply. On the contrary, Arabica coffee prices surged, rebounding from a recent dip despite consistent bean deliveries.

Eight killed in Brooklyn building collapse; rescue teams search through rubble

SBI Pension Fund plans to increase investments in state government bonds, expecting higher yields amid rising supply. The $64 billion fund is pursuing a carry-focused strategy, favouring state and corporate debt for steady income. It also plans to increase large-cap equity exposure while maintaining a cautious approach towards bond duration.

Jindal Power Ltd. has acquired a $470 million loan to fuel its ambitious power project in Botswana. The financing is backed by three Indian banks, alongside participation from international institutional lenders. This initiative aligns with Jindal's previous international expansion efforts and leverages Botswana's extensive coal resources, which are essential for catering to local electricity requirements.

The Trump administration is doubling down on immigration curbs, with the Department of States Birth Tourism Prevention Task Force revoking over 6,000 visas from foreigners who engaged in or facilitated birth tourism.We are identifying and holding accountable everyone involved in this illicit practice, the US State Department, in a post on X, said.— StateDept (@StateDept) Birth tourism refers to travelling to the US to give birth, often with the aim of securing US citizenship for the child.

More than half of airlines expect a slowdown in air travel over the next two to three years, as rising jet fuel prices, higher maintenance costs and aircraft delivery delays weigh on the aviation industry, according to a McKinsey report. The report also highlights the sector's financial challenges, profitability trends and the potential role of artificial intelligence in improving operational efficiency.

Godrej Properties Ltd has acquired a 31-acre land parcel in Indore for a residential development project. This acquisition will increase the company's presence in the booming Indore property market, where demand is high. The planned development is expected to have a saleable area of approximately 0.7 million square feet. Godrej Properties already has two projects in Indore at advanced stages of completion.

Indian government bonds experienced significant selling pressure ahead of a major auction for the benchmark paper. The yield on the 6.94% 2036 bond rose notably due to rising inflation in both India and the United States. The Reserve Bank of India is expected to raise interest rates again in early December due to persistent inflationary pressures. Moreover, US Treasury yields remained elevated as markets anticipate larger interest rate hikes.

In an interaction with Kshitij Anand of ETMarkets, Devang Shah, Head Fixed Income at Axis Mutual Fund, said investors should consider building their fixed-income allocation gradually and focus on high-quality instruments, as oil prices, global interest rates and liquidity conditions could continue to fuel volatility in the bond market.

In an interaction with Kshitij Anand of ETMarkets, Mayur Shah, PMS Fund Manager at Anand Rathi Advisors, explains how the strategy combines a long-term fundamental approach with a strong focus on mid- and small-cap companies, while using its proprietary Re-VIEW framework to manage valuations, earnings risks and portfolio exposures.

Ranbir Kapoor's Ramayana: Part One has collected Rs 676.12 crore gross and Rs 565.51 crore net in India in nine days, according to Sacnilk. While the film has received praise from filmmakers, Mukesh Khanna criticised Sai Pallavi's portrayal of Sita, while Nitish Bharadwaj called it a masala movie. The film has also been submitted for Oscars 2027 consideration.

Negotiations for a phase one trade agreement between the US and India are ongoing and complex. Both countries express a desire to conclude the deal by the upcoming G20 Summit in Florida. Former diplomat Nisha Biswal indicated that significant issues remain, particularly concerning India's comparative advantages. India's Commerce Minister Piyush Goyal stated that the country expects one of the best trade deals with the US.

Japan is facing potential deep cuts to its military spending as fiscal constraints limit future investments. Finance ministry officials propose allocating only 50 to 60 trillion yen for defence over five years. This proposal falls short of the desired 80 trillion yen advocated by some lawmakers and defense officials. The government's efforts to cut the sales tax on food could further hamper funding resources.

Congress has raised concerns regarding a significant cost reduction by Adani Green Energy for a hydropower project. The price dropped from Rs 5,675 crore to Rs 56.75 crore, attracting allegations of misconduct. Following complaints, environmental authorities are investigating the claim to ensure proper handling. Congress leaders demand a Joint Parliamentary Committee probe into Adani Group operations amid ongoing scrutiny.

Sonia Gandhi news: Sonia Gandhi discussed her journey of adapting to Indian cuisine after moving to India. Initially overwhelmed by variety and spices, she gradually developed a love for various dishes. She shared her favorite foods, including kebabs, tandoori chicken, and Gujarati khandvi. Sonia reflected on how food fostered bonds in her life, especially her relationship with Rajiv Gandhi.

Mukesh Khanna demands panel to vet films on Mythology

Prime Minister Narendra Modi is set to attend the Golden Jubilee Celebrations of Prashanti Kutiram on Friday. He will also participate in the Birth Centenary Commemoration of author H. V. Sheshadri during the event. Dattatreya Hosabale, the General Secretary of Rashtriya Swayamsevak Sangh, will be a distinguished guest at this occasion. Additionally, he will virtually lay the foundation stone for a new Compressed Bio-Gas plant in Bengaluru.

UN climate chief Simon Stiell has endorsed Prime Minister Narendra Modi's remarks that clean energy investments helped India withstand the oil price shock, calling them very salient. Stiell also welcomed India's Green Energy Corridor, emphasising the role of renewable energy, stronger electricity grids and battery storage in protecting economies.

US lawmakers from both parties are pushing tougher restrictions on China's access to advanced AI chips following reports about former Nvidia CEO Jensen Huang's affair with a suspected Chinese spy. Congress is weighing measures to tighten export oversight, track advanced processors, pressure US allies and close remote-access loopholes.

Household debt has passed 45.5% of GDP, and young Indians are borrowing fastest. See the numbers, the causes, and the way out.

For the first half of FY27, NHC Foods posted total income of Rs 821.45 crore, an increase of 282 per cent from Rs 214.68 crore a year earlier. Profit rose nearly 13-fold to Rs 38.68 crore, compared with Rs 3.01 crore in the year-ago period.

US President Donald Trump has urged Senate leadership to immediately advance a $350 billion defence funding bill, calling it essential to strengthening America's military capabilities. The push comes as Republicans seek to secure additional military spending through budget reconciliation before Democrats take control of Congress in January.

The Finance Ministry says UPI stays free for you. Heres what the new 0.4% MDR on merchant payments above 2,000 means, including for RuPay credit cards and cashback.

Power transmission developers have called on the Ministry of Power to implement key changes to enhance project completion efficiency. They highlighted the necessity for automatic financial and contractual relief when delays stem from interconnected infrastructure. The Electric Power Transmission Association suggested that the Central Transmission Utility of India Ltd assume a larger role in coordination efforts.

Anirudh Ravichander and Kavya Kalanithi Maran reportedly had a self-respect marriage in Greece, confirmed DMK leader Dr T R B Rajaa. The tradition involves no priest or elaborate rituals and allows couples to declare their marriage and exchange garlands, rings or a thali. Rooted in Periyar's Self-Respect Movement, it was legalised in Tamil Nadu in 1968.