The Economic Times

Arunachal Pradesh Congress chief Bosiram Siram has claimed that Chinese troops advanced 40 to 50 km into Indian territory in Upper Subansiri district, an allegation rejected by Chief Minister Pema Khandu. The claim comes after the Indian Army debunked a separate allegation by Bihar Congress communication chief Ritu Choudhary involving troop movements. Siram has called for an impartial investigation into reports from border residents.

On Tuesday, Jammu and Kashmir Chief Minister Omar Abdullah expanded his council by swearing in four new ministers. The new ministers include Ali Mohammad Sagar, Mir Saifullah, Shameema Firdous, and Altaf Ahmad Wani. Sagar, a seven-time MLA, has consistently won elections since his first in 1983. Firdous is the second woman to join the Abdullah-led council, enhancing representation.

UP Warriorz is preparing for the upcoming auction with the largest purse available this time around. They have retained key players like Deepti Sharma, Meg Lanning, and Phoebe Litchfield. The team has released several big names in hopes of rebuilding their squad for better performance. Management faces the challenge of filling vital roles while ensuring a balanced roster.

Mumbai's Pratibha building, where legendary singer Lata Mangeshkar owned a flat, became infamous after a 1984 construction scam involving an inflated plot-area declaration. Eight illegal floors were demolished in the 1990s, and the remaining structure was razed in 2019. A 179.4-metre, 33-floor skyscraper is now planned for the site.

Walter Koenig, celebrated for his role as Pavel Chekov in Star Trek, has sadly passed away at the age of 90. He left the world at his home in North Hollywood, surrounded by loved ones. His illustrious career kicked off in 1962 when he joined the iconic Star Trek series in its second season.

Japans Nikkei surged nearly 2%, snapping a three-session losing streak, as Anthropics US IPO plans and gains in American semiconductor stocks boosted AI-linked shares such as Advantest, SoftBank and Tokyo Electron.

AI stocks rallied after Anthropic disclosed IPO paperwork, with Nvidia gaining nearly 3% and the Philadelphia Semiconductor Index climbing over 3%. Chipmakers, data centre operators and AI infrastructure firms also advanced. The potential listings of Anthropic and OpenAI could offer new valuation benchmarks, even as concerns over AI spending and financing costs persist.

In early trade, Indian government bonds improved as oil prices found stability after last week's surge. Traders remained cautious ahead of a significant policy decision by the US Federal Reserve on Wednesday. India's bond yields decreased slightly, although overall demand for longer maturities has declined amid inflation concerns. The Indian rupee remained stable as fears of further rate hikes from the Reserve Bank of India persisted.

India imported $44.9 billion of Russian goods during the period, including $36 billion in crude oil. Indian exports to Russia totaled $2.8 billion, with Moscow increasing purchases of chemicals, electrical goods, medical equipment, seafood, tea, and spices.

BIG FM has submitted a request to the Ministry of Information and Broadcasting for launching six news channels. This expansion aims to create a national news network combining traditional and digital broadcasting. The new channels will focus on timely reporting and hyperlocal content tailored for digital consumption. BIG FM's initiative is part of the broader ONE BIG WORLD media ecosystem.

Indian IT stocks fell amid reports that Anthropic, the maker of Claude, is preparing for an IPO that could value it at around $1.5 trillion. While the listing would open up investment opportunities in a leading AI developer, rising infrastructure costs, mounting losses and concerns over growth sustainability remain key risks.

Polls have opened across Israel, with more than 7.3 million eligible voters set to choose their representatives amid a heated contest over Prime Minister Benjamin Netanyahus leadership. Opposition leaders, including Gadi Eisenkot, Avigdor Liberman and Yair Golan, have called for a change of government and accountability for the October 7, 2023, Hamas attack. Netanyahu, meanwhile, has urged voters to back his Likud party, warning against an opposition-led government.

Sona Comstar shares surged nearly 6% after the company reported record Q2FY27 revenue and profit, driven by robust growth in its electric-vehicle business, new orders and product launches.

Sigma Advanced Systems shares rallied after the defence manufacturer secured a Rs 973-crore order from a NATO customer for Base Bleed Units used in 155 mm artillery ammunition. The contract strengthens its push towards vertical integration and expanded manufacturing capabilities.

Jio Platforms Rs 30,188-crore IPO was subscribed 22.19 times, with the final issue price set at Rs 1,119 per share. As the stock prepares to list on the NSE and BSE on October 28, investors who missed the allotment are weighing whether to buy on debut or wait for a potential correction.

In light of Cyclone Arnab, Air India has issued a travel warning about anticipated disruptions to flights serving Visakhapatnam and Vijayawada. Forecasts indicate severe weather, prompting authorities to undertake significant disaster response efforts, including the evacuation of 2,107 units for the safety of at-risk populations. Travelers are encouraged to check flight updates regularly and to plan for additional time when proceeding to the airport.

Shah Rukh Khan's much-awaited film King is set to hit theatres on December 24. Directed by Siddharth Anand, this romantic drama features a stellar cast. A new poster has recently been unveiled, featuring SRK in a new look. As it gears up for a box office showdown with other big releases, fans eagerly count down the days to its launch. Read on!

Small cap mutual funds have proven to be the top performers in the market, offering impressive returns as high as 16%. The Bank of India Small Cap Fund took the lead with a notable return of 15.51%. However, investment experts emphasize a cautious approach to valuations, despite an optimistic long-term outlook for small caps.

Ather Energy shares extended their rally on Tuesday after the electric two-wheeler maker reported its first quarterly profit of Rs 1.26 crore in Q2 FY27. Revenue surged 63% year-on-year to Rs 1,464 crore, while EBITDA turned positive. Nomura raised its target price to Rs 2,070 and retained its Buy rating.

Jio Platforms is gearing up for a groundbreaking debut on October 28, following a remarkable Rs 30,188 crore IPO. Historical insights indicate a varied trajectory for past mega IPOs in India. The overwhelming demand is evident from Jio's impressive 22.19 times oversubscription. Analysts are weighing Jio's market dynamics and valuation as they predict potential listing advantages, with investor strategies hinging on both immediate valuations and sustained business growth.

In Maharashtra, the countrys largest sugar-producing state, close to 87 mills have commenced operations. More mills are expected to start in the coming week as cane harvesting gathers pace.

India is making progress on free trade agreements (FTAs) with several countries, with negotiations with Chile nearing conclusion and talks with Canada advancing, Commerce and Industry Minister Piyush Goyal has said. Discussions with the Southern African Customs Union have recently begun, while efforts to expand trade arrangements with Mercosur continue. Talks with the Gulf Cooperation Council and Israel remain slow amid the West Asia crisis.

L&T has secured design-and-build orders worth 5,000 crore to 10,000 crore for two systems packages of Bangladeshs Dhaka Metro Line 1, the countrys first underground metro project. The contracts cover track works, electrical systems, signalling, telecommunications and platform screen doors.

An Indian office boy based in Bahrain is among four Indian expatriates who have each won a 200-gram, 24-carat gold bar in Abu Dhabis Big Ticket October e-draw. Aruna Krishnappa Kidiyoor, Jijoy Viswan, Sadathulla Sharief and Manisha Harshal Kasat are the winners. Here is what they plan to do with their prizes, how much the gold bars are worth and how eligible participants can buy Big Ticket tickets from India.

Students at Jamia Millia Islamia remain on the 16th day of protests demanding their student union elections. The university announced elections will occur within 15 days after approving the constitution. Protesting students insist on a defined timeline for the constitution's approval and election dates. Various alumni and student organizations express solidarity with the protesters and urge for dialogue.

The Indian stock market nudged upward on Tuesday, with Sensex and Nifty making modest gains despite lingering challenges. Investors remained cautious due to high oil prices, which are currently at $115 per barrel. However, a notable surge in smallcap stocks is enhancing investor confidence. Analysts attribute this positive momentum to better corporate fundamentals and increased domestic fund inflows.

India flags UNSC veto misuse, calls for restraint by Permanent Members

Anthropics planned IPO could test public-market appetite for AI companies as the Claude maker draws backing from major technology firms and global investors. Its listing may influence AI stock valuations, infrastructure spending expectations and investor confidence in the sector.

The backlash against Kylian Mbappe has escalated as two prominent Chinese companies, Dongpeng and Mengniu, have severed their partnerships with him. This reaction comes in response to his remarks about Mao Zedong, which surfaced in a viral video that sparked outrage among Chinese internet users.

Anthropics planned IPO is set to test public-market appetite for artificial intelligence companies. Backed by Amazon, Google, leading venture capital firms, global institutions and prominent individual investors, the Claude maker has seen its valuation surge through successive funding rounds.

Wheat sowing in India has reached 11,000 hectares as of October 23, against 27,000 hectares a year earlier, as a deficient southwest monsoon raises concerns over soil moisture and irrigation availability. Punjab and Rajasthan face particular risks, while overall rabi crop coverage has also fallen, Agriculture Ministry data showed.

Defence Minister Rajnath Singh has departed for Cebu, Philippines, to attend the 13th ASEAN Defence Ministers' Meeting-Plus. He will address regional and international security topics during the event on October 28 and 29. Singh plans to hold bilateral discussions with defence ministers from various countries to enhance strategic partnerships. India remains committed to ASEAN centrality and security in the Indo-Pacific region under the Act East Policy.

The Congress intensified its criticism of the Modi government regarding the alleged theft of Ram temple donations. Congress leaders seek transparency and accountability, emphasizing that faith does not justify evading responsibility. They question the investigation process and warn about the mishandling of funds, urging an independent probe under the Supreme Court's supervision. Allegations also include improper audits and missing receipts for significant donations made by devotees.

India's aviation landscape is set to soar with the introduction of eVTOL aircraft developed by Nalwa Aero, based in Punjab. This cutting-edge electric transport system will facilitate air taxis, streamline medical evacuations, and enhance cargo delivery. Early flight trials have delivered encouraging outcomes, leading to regulatory movements from the Directorate General of Civil Aviation.

Brahma Muhurta is not just a spiritual tradition. From cortisol regulation and better air quality to improved memory and disease prevention, waking up 96 minutes before sunrise has measurable health benefits backed by both Ayurvedic texts and peer reviewed research. It is one of the oldest wellness habits India has.

Gold and silver prices fell on the MCX as a stronger US dollar weighed on bullion, with investors awaiting the Federal Reserves policy decision on Wednesday and US PCE inflation data on Thursday. Although the Fed is widely expected to hold rates steady, persistent inflation concerns have raised questions about the outlook for monetary policy.

The incident occurred on Monday due to a technical glitch in the pulley system at the Kumardihi A underground mine of Eastern Coalfields Ltd, a subsidiary of state-run Coal India Ltd.

US President Donald Trump and Secretary of State Marco Rubio plan to visit Port Arthur, Texas, on Tuesday to showcase a tanker carrying Venezuelan crude for processing at Texas refineries. The visit coincides with Trump's midterm campaigning in Texas and marks Rubio's first reported campaign trail outing with the president.

Aequs shares fell sharply on Tuesday after the aerospace manufacturers Q2 FY27 net loss more than doubled to Rs 52 crore. Revenue rose 45% year-on-year, but EBITDA fell 45% and margins narrowed. Brokerages flagged weakness in the consumer business and delayed breakeven expectations, even as the aerospace order book remained strong.

EAAA India Alternatives Rs 1,200-crore IPO entered its second day with 11% subscription on Day 1 and a grey market premium of around 1%. The offer is entirely an offer for sale. FY26 income rose 23% to Rs 964 crore, while profit increased 15% to Rs 265 crore, reflecting financial growth.

The artificial intelligence industry has attracted significant investments, reaching unprecedented valuation levels amid concerns. Discussions among technology founders revealed a gap between AI spending and revenue generated. Experts highlighted the need for improved computing infrastructure to support AI growth in India. There are opportunities for AI businesses to develop globally competitive models addressing local needs. The future economic benefits of AI must match substantial investments

Wiscon Industries Rs 110-crore IPO opened on October 27 and will close on October 29. The BSE SME issue, priced at Rs 194204 per share, includes a fresh issue and an offer for sale. Proceeds will support machinery purchases, working capital, marketing and other corporate expenses.

Microsoft has introduced a voluntary exit offer for eligible employees in India, the US, the UK and Canada, covering around 60,000 workers globally. The programme offers financial support and career transition services, but India's share remains unclear. The announcement comes amid US scrutiny of Microsoft's foreign-worker visa practices.

The Iran war, which Trump often describes as a little detour, has emerged as an unforced liability for the president, who once promised to keep the U.S. out of foreign wars. Republican strategists privately acknowledge that the war is severely damaging the party's push to retain control of Congress for the final two years of Trump's presidency.

India's largest corporations are experiencing a notable drop in foreign institutional investor stakes, raising concerns about their growth trajectory. This trend has adversely affected numerous large-cap stocks over recent months. Analysts suggest a shift in focus towards emerging sectors is critical for revitalizing foreign investments, as many companies now appear more like consistent cash flow generators than true growth catalysts.

Private banks delivered mixed Q2 FY27 earnings, prompting analysts to identify lenders with attractive valuations and flag those investors may want to avoid. HDFC Bank reported a 5% YoY rise in net profit to Rs 19,510 crore, largely in line with expectations, but its shares have fallen 6% since the results.