The Economic Times

German companies no longer see India only as a market, but as partner: Piyush Goyal

Gilt funds are back in focus among investors with interest rates rising and bond yields across the world moving up sharply, as reported by ETBureau.

The issue set records across fundraising, anchor investor demand and applications, while attracting the highest qualified institutional buyer (QIB) subscription among Indias five largest IPOs. It was fully subscribed within 100 minutes of opening and received nearly 1.4 crore applications, according to figures compiled for the issue.

The Ministry of Home Affairs (MHA) has invited public opinion and stakeholder inputs on the proposed network architecture for a dedicated pan-India Broadband Public Protection and Disaster Relief (BB-PPDR) communication system aimed at strengthening communication capabilities among police forces and other public safety agencies across the country.

A foreign traveller has praised India's road network, saying the country now has some of the best roads in the world after completing a journey of more than 2,500 km from Tamil Nadu towards the Himalayas. The drive took him through several states, including Karnataka, Maharashtra, Gujarat and Rajasthan, as India continues to expand its National Highway network.

Kerala Governor Om Prakash Mathur's decision to ban non-vegetarian meals in the Lok Bhavan kitchen has stirred controversy. Congress leader K.C. Venugopal criticized this directive, claiming it violates individual dietary rights. He highlighted Kerala's diverse culinary customs and emphasized the people's freedom to choose their diet. Sources from the Governor's office clarified that the kitchen's restrictions only apply to Mathur's personal meals.

Bodhana Sivanandan has achieved a significant milestone by becoming the youngest female International Master at 11 years. She surpassed Judit Polgar's long-standing record by earning her title during the European Women's Chess Club Cup. Sivanandan performed exceptionally, scoring 5.5 out of 7 points in her matches. She secured her victory against notable opponents, raising her rating to 2399.4.

Anthropic is on track for an IPO expected in mid-November, reporting impressive revenues of $16.3 billion. However, the company faces a staggering net loss of over $80 billion for the year. Valuation expert Aswath Damodaran warns that IPO investor metrics can be erratic and heavily influenced by market sentiment. As Anthropic navigates an evolving business model, investors are advised to look beyond venture capital evaluations for a clearer understanding.

A Special NIA Court has ordered a trial against Yasin Malik and six others for money laundering. This case is related to allegations of foreign funding received from the Pakistani establishment through Hawala channels. Allegedly, proceeds of crime amounting to Rs. 8.94 crores were generated and received by the accused. Yasin Malik denied the charges and stated he would contest the case in court.

North Korean leader Kim Jong Un urged his military to train to become the strongest in the world at a two-day meeting of company commanders in Pyongyang, state media said Saturday. The Pyongyang event, held Thursday and Friday, was aimed at developing a plan o train the strongest armed forces in the world, Kim said, according to the official Korea Central News Agency (KCNA).

IND vs NZ 2nd T20I live streaming: India will face New Zealand in the second T20I on October 24, 2026, at Hagley Oval in Christchurch. Check the match start time, live telecast on Sony Sports Network, online streaming on SonyLIV and possible free viewing options in India.

Five equity mutual funds have offered over 18% annualised return on SIP investments in 10 years, as reported by ETWealth. (As of October 14, 2026)

A Hyderabad consumer commission has directed Amazon Prime Video to pay Rs 9,499 to a subscriber after advertisements appeared during his paid annual membership and the platform sought an additional Rs 699 for ad-free viewing. The commission held the platform guilty of deficiency in service and unfair trade practice, ordering a full subscription refund, Rs 5,000 in compensation and Rs 3,000 towards litigation costs.

Haryana gangster Himanshu Bhau has been arrested by US Immigration and Customs Enforcement in Nevada. His associate Neeraj Faridpuria was also detained after removing an ankle monitor. Both men are wanted in multiple criminal cases in India, including murder and extortion. India is seeking to expedite deportation proceedings for the detained fugitives. Their immigration cases will determine the next steps in their return to India.

Mumbai Indians have appointed Kieron Pollard as head coach for IPL 2027 after Mahela Jayawardene stepped down, ending his decade-long association with the franchise. Co-owner Nita M. Ambani said Pollard, who joined MI as a 22-year-old 16 years ago, understands the teams culture and brings deep experience, passion and commitment to the role.

Five mid cap mutual funds have offered upto 21% return in the last three years. Here is a detailed breakup, as reported by ETWealth. (As of October 14, 2026)

Congress leaders are organizing a significant rally at Ramlila Maidan on November 1 to oppose electoral fraud. The rally is part of a larger mobilization aiming to gather one million participants from across the country. Key leaders from Uttar Pradesh and Haryana convened to strategize for the event and emphasize unity among opposition parties. The event aims to put pressure on the government regarding the alleged vote chori issue.

With uncertainty clouding equity markets, investors looking to deploy a lumpsum face the challenge of allocating their money across asset classes. Four wealth management experts recommend a mix of equities, debt and gold, with the allocation depending on an investor

Karnataka Minister Priyank Kharge has questioned the BJP's claims about Rahul Gandhi's foreign visits and alleged meetings. He emphasized the capability of intelligence agencies in monitoring such interactions and criticized the BJP's narrative. Kharge challenged the BJP's spokespersons to provide concrete evidence of any anti-national activities linked to Gandhi. This remarks followed broader allegations from BJP spokesperson Sudhanshu Trivedi regarding Gandhi's leadership and actions abroad.

Rolling returns serve as a valuable tool for investors to assess mutual fund performance by averaging annualized returns over several timeframes. Unlike trailing returns that might reflect a distorted perspective, rolling returns utilize daily NAV data to provide a holistic view. By applying a CAGR formula, investors can evaluate consistency and adaptability of funds across diverse market conditions, making informed decisions easier and more precise.

S&P Dow Jones Indices will soon change its rules for classifying growth and value shares. The new criteria will incorporate intangible assets, forward earnings, and free cash flow instead of relying on 12-month price momentum. These changes are expected to affect approximately $375 billion of passive funds linked to the index. FTSE Russell is also considering adjustments due to the dominance of technology companies.

A gunman carried out a racially motivated shooting spree in the suburbs of Paris, killing one person. The incident also resulted in injuries to at least five others, including a young girl. Authorities swiftly apprehended the suspect, who had premeditated intentions based on racial discrimination. Investigators found his vehicle was armed and his apartment was booby-trapped. France's government expressed determination to combat racist crimes in the wake of this attack.

US Treasury Secretary Scott Bessent announced that oil exports from the Persian Gulf have exceeded pre-conflict levels. This development occurred despite ongoing Iranian threats to disrupt energy shipments to global markets. Iranian state media reported two supertankers struck a naval mine near the crucial Strait of Hormuz. The situation escalated with US Ambassador Tom Barrack indicating a potential military strike against Iran.

Damanis other top stock holdings in terms of holding value are United Breweries, TSF Investments, Horizon Industrial Parks, Blue Dart Express and Bhagiradha Chemicals.

Ukraine officially joined the NATO Support and Procurement Agency's Security Cooperation Support Partnership to strengthen defense collaboration. This partnership allows Ukrainian defense companies to access NATO contracts and resources for their operations. A recent Industry Day in Kyiv gathered around 150 Ukrainian companies to discuss procurement trends and opportunities. Ukrainian Deputy Defence Minister highlighted the unique access this partnership grants to the NSPA's services.

In the lead-up to the Israeli elections, candidates engage in personal and inflammatory attacks against each other. AI-generated content amplifies these attacks, creating intense negative portrayals of opponents. Campaigns show desperation as even bereavement becomes fodder for criticism and smear tactics. Targeted candidates report harassment and public pressure to withdraw from the race due to their personal losses.

Delhi Police have registered an FIR against unidentified people after two posters questioning the government's performance and raising various issues were found inside a train on the Delhi Metro's Airport Express Line. The posters, which included political slogans and a QR code inviting people to join an online group, were seized. The Special Cell is also involved in the investigation.

Fitch Ratings has kept Ukraine's long-term foreign-currency rating at 'CCC', indicating significant credit risk amid the ongoing war. The agency predicts that the conflict with Russia may extend into 2027, affecting the country's economy. Ukraine will continue to depend on foreign financial aid to address budget deficits while facing rising fiscal challenges. Growth is projected to resume in 2027 after a slight economic contraction in 2026 due to war-induced pressures.

Adani Power has reported a 142% increase in net profit for the July-September quarter. This profit was driven by strong electricity demand and exceptional prior-period income. Operating revenue for the company saw a nearly 30% increase compared to the previous year. The company also recognized significant revenue due to adjustments in historic energy charges under its power purchase agreements.

In October, consumer sentiment in the U.S. plummeted to a concerning 48.0, driven by rising prices and economic worries amid the ongoing Middle East conflict. Survey results suggest that independents show the steepest drop in confidence, approaching historical lows. Additionally, inflation expectations have risen, marking a continuation of trends from earlier this year. Federal Reserve officials are attentively observing these shifts as they plan future interest rate adjustments.

US stock investors are on the edge of their seats as they anticipate quarterly earnings from tech giants like Alphabet, Microsoft, and Amazon. This week is pivotal, with the Federal Reserve meeting also in sight, likely to shape how investors feel about the AI sector. After disappointing earnings from firms such as Meta and Lam Research, mixed sentiment looms over the market, especially with the midterm elections on the horizon.

Outward remittances under the Liberalised Remittance Scheme (LRS) stood at $2.7 billion, with travel accounting for the largest chunk. Indians spent $1.6 billion on travel in August, from $1.7 billion in July, while $275 million were spent on maintenan-ce of relatives. Indian citizen spent $321 million on investments in equity and debt, while $191 million on studies abroad.

Gross foreign direct investment (FDI) to India decreased to $11 billion in August, from $14 billion a month ago. Net FDI to India slows $3 billion in August, from $7 billion in July. Financial services, communication services, computer services and manufacturing accounted for around 73% of total FDI equity inflows during April-August 2026.

BSE has initiated the search for its next managing director and chief executive officer. Sundararaman Ramamurthy is scheduled to retire in June 2027 after reaching the age limit. The exchange is looking for candidates with at least 20 years of experience, which includes senior leadership roles. Applicants need to be under 62 years old as of July 1, 2027.

IndusInd Bank reported an impressive consolidated net profit of

Piyush Goyal emphasized the importance of collaboration between Indian and German research institutes during his visit. He highlighted the potential for co-development and co-innovation under the India-EU free trade agreement. Goyal encouraged the institutes to connect research with industry in order to support manufacturing in India. The minister also mentioned India's extensive trade agreements that will boost global market access.

Infosys released its quarterly results, showing good revenue growth and stable operating margins. However, the management reduced the annual revenue guidance due to competitive pressures. The company secured a significant $2 billion deal, boosting its total contract value to $5.2 billion. Despite positive performance from some sectors, weaknesses in others contributed to the cautious outlook. The market response led to a rise in the stock price, affecting valuation metrics.

Jio Platforms has experienced a surge in demand for its initial public offering, garnering roughly

Mid-cap and small-cap stocks in India have faced major declines, indicating a shift in market sentiment. The Nifty MidCap 150 and Small-cap 250 indices reported their worst weekly falls in two years. Domestic retail investors initially supported these segments by increasing mutual fund contributions. However, concerns over rising oil prices and fiscal deficits are adding to market uncertainties.

Security forces in Italy are preparing for protests set to occur in eight cities. While the demonstrations are expected to address budget cuts and cost of living concerns, heightened security measures are being enforced. Authorities aim to balance public safety with the right to protest, especially after recent violent incidents. The government is also implementing new regulations regarding protest participation and minors.

The Reserve Bank of India recorded a net purchase of $43.26 billion in August's foreign exchange market. This was done to manage significant dollar inflows from the FCNR(B) scheme and overseas borrowings. Despite the net purchase, foreign exchange reserves did not increase due to large forex sell/buy swaps. By August 31, measures attracted over $127 billion, aiding the RBI's operations.

President Luiz Inacio Lula da Silva is campaigning against Flavio Bolsonaro in Brazil's upcoming presidential runoff election. Lula is proposing various populist promises aimed at securing voter support and winning the election. These promises include reducing the workweek and expanding welfare benefits through Bolsa Familia. Additionally, Lula's plans involve debt relief for low-income Brazilians and measures to reduce transportation costs.

MCC has released the provisional NEET PG 2026 Round 1 seat allotment result. Candidates can download the allotment PDF from mcc.nic.in. The grievance deadline is October 24 at 11:30 am, while college reporting for allotted candidates is scheduled from October 26 to November 2.

Israel Defense Forces initiated a counterterrorism operation in Hebron after two soldiers were killed in a shooting. Israeli Prime Minister Benjamin Netanyahu ordered a lockdown of the area due to increased violence. The operation seeks to dismantle terrorist infrastructure and involves targeted searches and resident screenings. Two terrorists involved in the original attack have already been killed during the operations.

Bengaluru Weather Today: The IMD has forecast rain and thunderstorms across parts of Karnataka on October 24, including Bengaluru, Dakshina Kannada, Udupi and Chikkamagaluru. Check the latest district-wise rain alerts, temperature forecast and weather precautions.

Sangeeta Kumari Singh Deo reaffirmed India's dedication to safe nuclear practices during her address at the UN. She highlighted the IAEA's significant contributions to member states in developing nuclear capabilities for peaceful use. Several nations expressed gratitude towards India's developmental assistance at the India-UN Development Partnership Fund Event. Ambassadors from various countries acknowledged India's role in promoting South-South cooperation and supporting national priorities.

The U.S. State Department is currently reducing the number of staff at four embassies in the Middle East. This decision follows intelligence reports indicating increased efforts by Iran to target American personnel. While the embassies remain operational, staffing changes are described as related to threats from Iranian-backed Houthi rebels. Unlike in Saudi Arabia, U.S. personnel in these embassies are not compelled to leave.