The Economic Times

A BJP worker in Bihar has filed a police complaint against Congress president Mallikarjun Kharge over his controversial remarks targeting Prime Minister Narendra Modi at an event in Patna. The complainant has sought an apology within 24 hours.

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Congress president Mallikarjun Kharge said the INDIA bloc would consider a traders request to postpone its November 1 rally at Delhis Ramlila Maidan over concerns about festive-season business disruptions. The Chamber of Trade and Industry has urged Rahul Gandhi to defer the demonstration until after November 10, citing potential losses.

Thousands of Brazilians celebrated Luiz Inacio Lula da Silvas presidential election victory over right-wing rival Flavio Bolsonaro in Sao Paulo, waving national flags and chanting slogans. Lula secured 51.8% of the vote against Bolsonaros 48.2%, with supporters hailing the result as a victory for democracy, workers and minorities.

The Ballon dOr 2026 ceremony is scheduled for October 26, 2026, at the prestigious London Palladium Theatre in England. This highly anticipated event will honor the elite in football, featuring awards for both men and women across various categories. Fans in India can tune in live on DAZN India. Overall, 13 accolades will be awarded, celebrating extraordinary achievements in the world of football.

The Ballon d'Or 2026 ceremony is scheduled for October 26 at the London Palladium, with the men's winner expected to be announced during the event. Harry Kane, Lamine Yamal, Kylian Mbappe, Erling Haaland and Lionel Messi are among the 30 nominees. The winner will succeed 2025 recipient Ousmane Dembele. Indian viewers can follow the ceremony from 1:30 am IST on October 27.

US President Donald Trump accused Canada of exploiting the United States through trade imbalances, claiming Ottawa had made $90 billion annually at Washington's expense for years. Speaking ahead of a Michigan rally, Trump said negotiations were progressing towards a deal, but stressed he wanted a long-term agreement favourable to the American economy.

Karnataka Deputy Chief Minister DK Shivakumar said the state would revamp the Karnataka Public Service Commission (KPSC) to prevent recruitment irregularities and ensure fair examinations. The government has authorised the interrogation of an accused in the case, while prosecution sanction has been issued against suspended IAS officer Gyanendra Kumar Gangwar over alleged question paper leaks.

Indian tennis stars Mahesh Bhupathi and Sania Mirza have filed nominations for the All India Tennis Association (AITA) Sportsperson of Outstanding Merit (SOM) elections on November 7, while Leander Paes has opted out of the race.

The Election Commission has refused to disclose the software and algorithm details used to detect errors in voter rolls during the Special Intensive Revision, citing commercial confidence, trade secrets and intellectual property rights. Responding to an RTI application, the poll body said no new software was developed or procured for the exercise.

The IPO allotment is expected to be finalised today, allowing applicants to check whether they have been allotted shares through the registrar

Trump critic Brazil's Lula da Silva wins historic fourth term in dramatic comeback

US crude futures declined $1.82, or 2%, to $101.48 a barrel, while Brent crude futures dropped $1.50, or 1.72%, to $115 a barrel. Both benchmarks had settled nearly $3 higher on Friday following Houthi attacks in Saudi Arabia that heightened concerns over energy supplies. Brent gained 6% over the week, while US West Texas Intermediate (WTI) rose 2.3%.

Donald Trump mentioned possible candidates JD Vance and Marco Rubio for the Republican presidential nomination in 2028. He asserted that the GOP has a strong lineup compared to the Democrats. While addressing the media, he reiterated concerns over global energy security amid the Russia-Ukraine war. The upcoming midterm elections will significantly influence political power in Congress. Trump's declining approval ratings pose challenges for his legislative agenda as the elections approach.

Yemeni Armed Forces executed 753 targeted strikes against Houthi militia over the last 24 hours. These operations led to significant losses, including approximately 218 Houthi fighters and commanders. The offensive, part of the 'Dawn of Yemen' campaign, aimed at disrupting Houthi military logistics and operations. Officials emphasized commitment to humanitarian law, ensuring protection of civilians during the conflict.

The India Meteorological Department forecasts turbulent weather across several Indian states starting October 26. A developing cyclonic storm will bring heavy rainfall, thunderstorms, and lightning, with Andhra Pradesh and Odisha likely facing the worst of it. Meanwhile, Karnataka and Chhattisgarh will see fluctuating weather patterns, and although Uttar Pradesh is set for dry conditions at first, storms are expected to emerge by the week's conclusion.

Saudi Arabia has announced its intention to store crude oil in Singapore's Jurong Rock Caverns by 2027. This arrangement will enhance the resilience of the Saudi crude oil supply chain in Southeast Asia. Additionally, it will contribute to Singapore's energy security amid potential supply disruptions. A memorandum of understanding will be signed between Saudi Aramco and local authorities to formalize this agreement.

During a campaign rally in Michigan, President Donald Trump linked Abdul El-Sayed to Muslim extremists and 9/11 attackers. He warned voters that choosing El-Sayed would allow a jihadist into the Senate. Trump's comments were met with applause from supporters, while some attendees shouted insults at El-Sayed. Former US Representative Mike Rogers accused El-Sayed of having ties to the Muslim Brotherhood without providing evidence.

The 200 DMA is a widely used technical indicator that helps traders assess the overall trend of a stock.

Brazilian Senator Flavio Bolsonaro has refused to concede defeat to President Luiz Inacio Lula da Silva and said he would seek to annul the presidential runoff. Bolsonaro called a Supreme Court justices decision to extend voting by two hours unacceptable, challenging the conduct of an election that secured Lula a fourth non-consecutive term.

Gold prices dipped close to a three-month low, reflecting worries from investors as the Federal Reserve meeting approaches. While an interest rate hike appears more likely for December, this weeks chances remain low. In the oil market, prices fell back after a prior rise, amid ongoing supply worries linked to conflicts.

US President Donald Trump is weighing a deal with Iran against renewed military strikes, warning that a decision is approaching as Tehran escalates attacks on shipping near the Strait of Hormuz. Washington is reducing personnel in parts of the Middle East, while upcoming US midterm and Israeli elections add political uncertainty.

AI-generated political advertisements are becoming more prevalent as the November elections approach, raising concerns among voters. Researchers have identified over 220 ads made partly with AI, primarily sponsored by Republican groups, costing over $137 million. Only a small percentage of these advertisements carry disclaimers stating they were created with AI technology. Many voters express their disapproval of AI-generated content in political campaigns during recent surveys.

Chinese stocks are experiencing a significant selloff resulting in a loss of $3.5 trillion since May. Increased competition and declining demand have negatively impacted corporate profits across various industries. Many companies, including major technology firms, are under financial pressure, prompting them to seek additional funding. The third-quarter earnings reports have shown disappointing results, highlighting ongoing profitability concerns. Analysts remain cautious about the potential for

Reports indicate tension is brewing between Israeli Prime Minister Benjamin Netanyahu and IDF Chief General Eyal Zamir. This disagreement centers on military actions related to Iran ahead of upcoming elections. Netanyahu has sought political advantage from the situation, leading to concerns among military leaders. The impending elections may significantly impact the political landscape with projections showing a possible gridlock.

US President Donald Trump made controversial comments about Norway at a political rally in Port Huron, Michigan. He criticized Norwegian immigrants, citing the lack of a Nobel Peace Prize as his reason. Trump described Norway as a 'shit house country,' a term he has previously used for other nations. Norway, known for its high income, has been a topic of criticism from Trump recently.

A house under construction collapsed in Harsh Vihar, northeast Delhi, resulting in a rescue operation. The incident, which occurred on Sunday evening, involves efforts from NDRF and local police. Two men, ages 60 and 36, are believed to be trapped under the rubble. Family members expressed concern as their mobile phones were unreachable during the incident. Rescue teams continue to work to clear debris and check for trapped individuals.

Brazil's economy is encountering significant challenges as President Lula starts his fourth term in January. Soaring public debt and rising mandatory spending limit budget flexibility, complicating fiscal management. High interest rates and persistent inflation hinder economic growth, impacting household and business debt levels. Lula's ability to implement reforms may be constrained by a conservative Congress, complicating his agenda.

India's benchmark 10-year government bond yield is expected to reach 7.75% by December. This increase is influenced by high crude oil prices and tight liquidity conditions. Persistent bond supply and expectations of further monetary tightening are driving the yield higher. Foreign portfolio investors have sold significant amounts of Indian debt, contributing to market instability. Economic concerns are spreading across emerging markets due to the interplay of oil prices and yields.

Ukrainian President Volodymyr Zelenskiy stated that US warnings regarding Russian missile strikes have been restored. He also noted that SpaceX's Starshield internet is functioning at high speeds after previous throttling. Zelenskiy mentioned his discussions with US special envoy Steve Witkoff in Oslo, leading to these developments. As negotiations continue in November, Ukraine remains firm about its military and neutrality stance.

Kimi Antonelli secured a significant win at the US Grand Prix, maintaining his championship lead. His Mercedes team boss, Toto Wolff, praised Antonelli's performance, considering it exceptional. Antonelli's teammate, George Russell, finished eighth, making the championship race still competitive. The race showcased Antonelli's strategic capabilities and execution throughout the weekend. With a historic championship opportunity coming up in Mexico, expectations for Antonelli remain high.

September quarter earnings exhibited significant revenue and profit growth for various companies in key sectors. Revenue rose by 22.1% with net profit increasing by 27.5%, surpassing the previous quarter. However, banking, IT, and pharmaceuticals sectors experienced a slow down in growth rates. Excluding lending, operating margins improved, indicating stronger performance in non-banking sectors. Analysts expect 13 out of 18 sectors to deliver double-digit sales growth in the coming quarters.

Congress president Mallikarjun Kharge's remarks about Prime Minister Narendra Modi during an event in Patna sparked controversy. After responding to an audience comment, Kharge said that Modi's father would also go away. This statement prompted strong reactions and condemnation from multiple political leaders across different parties. BJP leaders criticized Kharge's language and demanded apologies from him and the Congress party. The incident reflects ongoing tensions and disagreements in Indian

Brazil's President Luiz Inacio Lula da Silva secured his fourth term in a close election against Flavio Bolsonaro. The election was marked by confusion at polling places due to a last-minute decision to extend voting. Lula's victory represents a significant moment for leftist leadership in Latin America. Challenges related to the cost of living and security were crucial in the election.

MSCI Inc.

India's equity valuations have reached their lowest levels in six years after a recent market decline. Factors contributing to this decline include foreign selling, a weaker rupee, and rising crude prices. Despite lower valuations, overseas investors remain hesitant to invest in Indian equities due to comparative valuations. The MSCI India Index trades at a premium compared to other emerging markets, influencing foreign investor sentiment.

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BlackRock Investment Institute has not yet adopted a bullish stance on Indian equities due to ongoing uncertainties. The firm anticipates greater clarity on corporate earnings and energy prices before changing its outlook. Despite elevated energy costs, India's economic resilience remains noteworthy amidst geopolitical tensions. Foreign investors have been net sellers of Indian equities for several months, impacting market performance.

In the upcoming week, the market gears up for an exciting round of initial public offerings, featuring five mainboard IPOs and four small and medium enterprise (SME) IPOs, with a target of raising

The Nifty index fell over 2% amid sustained selling pressures with technical indicators signaling support levels. Analysts have identified crucial resistance levels and potential near-term recovery points for the index. Several stocks have shown strength and recommendations have been made for buying opportunities. Additionally, bearish momentum remains evident in specific sectors while futures strategies are advised. Overall, investors are encouraged to adopt a cautious approach during this vola

Private equity firms 360 ONE and TR Capital are in discussions to acquire a stake in Hector Beverages. Existing investors A91 Partners and Sofina are considering partial exits before the planned IPO in 2027. Other early investors including Sequoia Capital and Footprint Ventures are looking to sell their entire stakes. The deal aims to clean up the company's cap table and consolidate shareholding among major investors.

Thales Group intends to expand its sourcing from India, which has already exceeded 1.2 billion over five years. The company is exploring partnerships with Indian space launch firms due to anticipated global launch shortages by 2029. Indian suppliers are seen as integral to Thales' strategy for developing advanced radars and missile systems. The company aims to transfer not only production but also design authority for defense equipment.

US Stock Market today: Investors also have their focus trained on the US midterm elections on November 3, with growing bets that the Democrats will wrest control of the US Congress away from President Donald Trump's Republican party.

US midterm elections 2026 are set to be held in less than 10 days and there are apprehensions that war between Iran and the United States of America may escalate further.

Milwaukee Archbishop Jeffrey Grob and bishop of Des Moines, Iowa, William Joensen have issued separate statements over meetng with US President Donald Trump at White House.

Ammonia is a colorless gas with a sharp odor. High levels of exposure can cause skin, eye and throat irritation, according to the Centers for Disease Control and Prevention.

Indias largest companies are preparing for the implementation of Ind AS 118, which may impact financial reporting. Changes include new classifications for income and expenses, and new operating profit reporting methods. Companies face challenges due to complex requirements and the need for system adjustments. Audit committees are discussing transition plans while awaiting final rules and guidance from regulatory bodies.