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National News

The Economic Times

National / The Economic Times

Ind AS 118: India Inc gears up for big changes to financial reporting

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.

26 Oct 2026 1:38 am
Manipur CM visits designated camp of militants in Kangpokpi district

Manipur chief minister Y Khemchand Singh visited Sinai Camp to address issues related to the Suspension of Operations agreement. The camp was recently disarmed following joint operations by security agencies in response to a troubling incident. During this operation, 17 individuals were found impersonating registered SoO cadres with false identities. The chief minister expressed that lasting peace cannot be achieved while a culture of violence continues.

26 Oct 2026 1:05 am
IKEA sells Indian steel thali for Rs 760; Harsh Goenka jokes next they will call belan a aerodynamic dough-flattening wand and price it at Rs 4,500

From Kolhapuri chappals and dupattas to stainless-steel plates, Harsh Goenka has taken a satirical swipe at the trend of presenting familiar Indian essentials as premium lifestyle products. The latest discussion began after US influencer Amanda Monsen showcased IKEA plates as chic chrome plates, with the products reportedly priced at around Rs 760 each.

26 Oct 2026 1:01 am
Competition Commission of India to hire 41 across departments

Individuals will be hired for positions at both CCI and its investigation arm, the director general (DG) office, according to public notices.

26 Oct 2026 12:58 am
Dhanush fan club and political buzz

Actor Dhanush recently interacted with members of his newly restructured fan club at a private college. He posed for photographs and gave silver lamps as return gifts to supporters. The fan network was reorganized into a welfare movement named 'Dhanush Narpani Iyakkam'. Although he has not announced political ambitions, speculation regarding his entry into politics has increased. The changes are further highlighted by the introduction of a new official logo.

26 Oct 2026 12:55 am
Lindt misjudged consumer appetite for price hikes, admits chairman after CEO ouster

Lindt & Sprungli's executive chairman announced that the company misjudged customer reactions to recent price hikes. After increasing prices due to high cocoa costs, sales have reportedly declined in Germany. The company has since begun reducing prices to stimulate sales and plans to maintain growth in the Americas and the Far East. Ernst Tanner, the long-serving chairman, expressed confidence in the firm's future performance despite this setback.

26 Oct 2026 12:49 am
Accused escapes from Raj police lock-up, 2 cops suspended

A dramatic escape unfolded in Dholpur district, Rajasthan, as 45-year-old Srinivasan T eluded police custody while facing serious charges related to narcotics worth 1.30 crore. The incident took place between 3 am and 6 am on Sunday morning. Police constables Vishnu and Jogesh were overseeing the lock-up, and it was Constable Manoj who discovered Srinivasan was missing during an early morning check.

26 Oct 2026 12:49 am
Buy local and indigenous products: PMs appeal

During his monthly 'Mann ki Baat' address, Prime Minister Narendra Modi urged citizens to buy local products. He emphasized the importance of supporting the MSME sector and artisans during the festive season. Modi also paid tribute to Rishi Valmiki on his Jayanti, which follows the address. Additionally, he encouraged cleanliness during festivals such as Diwali and Chhath. The Prime Minister believes these efforts will accelerate the dream of 'Aatmanirbhar Bharat'.

26 Oct 2026 12:40 am
Centre rushes RAF cos to violence-hit Arunachal

Protests erupted in Pasighat over the proposed Siang Upper Multipurpose Project, leading to significant violence and unrest. Houses of political figures were vandalised, and several government properties were set on fire. The state government imposed prohibitory orders to restore public order and investigate the unrest. Police reported numerous injuries among security personnel and arrests were made during the chaos.

26 Oct 2026 12:18 am
Cricket: Newlands to provide test of more than bat and ball for Australia

Australia will compete against South Africa in a crucial test match at Newlands, with both teams level in the series. Former captain Steve Smith, under scrutiny for past actions during the Sandpapergate scandal, aims to improve his performance. Current skipper Pat Cummins and teammates stand by Smith as they prepare for the match. South Africa will miss fast bowler Anrich Nortje due to injury and must select a suitable replacement.

26 Oct 2026 12:14 am
Special NIA court in Jammu & Kashmir acquits five booked & jailed under UAPA

The case pertains to a low intensity blast near Sir Syed gate of Kashmir University in November 2019, in which four civilians sustained injuries. The accused, who have been acquitted now are Naseer Ahmad Mir, Umer Hamid Sheikh, Ajaz Ahmad Sheikh, Imtiyaz Ahmad Chikla and Sahil Farooq Gojri - all residents of Srinagar.

26 Oct 2026 12:12 am
Ye hai bizness meri jaan!

Traders in Delhi have urged Rahul Gandhi to delay the November rally until after Bhai Dooj. This request is aimed at preventing business disruptions during the peak Diwali season. Gandhi's response could demonstrate his stance on being anti-monopoly, as he engages with local merchants. Exploring Chandni Chowk could offer valuable insights into the traders' concerns and marketplace dynamics. Understanding these factors may influence future political decisions and rally planning.

26 Oct 2026 12:08 am
India must bolster tech, economic resilience: Dean Grandy, KPMG's global head for government and public sector

India is encouraged to boost its domestic technology capabilities and economic resilience to face geopolitical tensions. Strengthening self-sufficiency in artificial intelligence and infrastructure is essential for national interests and security. Collaborative partnerships with like-minded governments are important for shared insights and investment opportunities. Developing independent AI regulations will safeguard India's data and business environment effectively. Addressing the emerging chal

26 Oct 2026 12:08 am
CMRL-Exalogic case: ED cites notebook seized from residence of Pinarayi Vijayan's daughter

The notebook was seized on May 27, 2026, from the residence of T Veena, daughter of former Kerala chief minister Pinarayi Vijayan, in the CMRL-Exalogic alleged money laundering case. One page records a otal deposit of AED 2,82,600 and a transfer of AED 1,46,600 to Faijaz VP, whom ED describes as a UAE-based associate.

26 Oct 2026 12:03 am
ECI's summary revision signals a shift from exclusion to inclusion

The Commission has ordered the SSR in 17 states with reference to January 1, 2027, including Assam and the five poll-bound states. Final rolls are scheduled for publication in first week of January, just ahead of National Voters' Day, which has come to symbolise voter participation in democracy. The announcement that remaining states will undergo the SSR once they fully close SIR process provides assurance that this annual revision under Section 21 of the Representation of the People Act will ha

25 Oct 2026 11:59 pm
US issues security alert, orders non-emergency staff to leave Saudi Arabia amid Houthi attacks

Non-emergency government employees and their families have been ordered to leave Saudi Arabia due to safety concerns. This decision comes in response to recent Iranian-backed Houthi attacks targeting critical infrastructure and airports. The US Embassy in Riyadh has advised citizens to exercise extreme caution while using airports amid escalating tensions. Several airports experienced operational disruptions, including delays and cancellations of flights.

25 Oct 2026 11:56 pm
Row over Mallikarjun Kharge's remark; BJP, allies hit back; Congress defends

Responding to Kharge's statement that the Congress will send those involved in carrying out alleged irregularities in the SIR process to jail, a person from the audience shouted, As long as there is no rebellion, (PM Narendra) Modi won't go anywhere. The Congress president shot back, saying, Modi ka baap bhi jayega (Let alone Modi, even his father would go).

25 Oct 2026 11:47 pm
BJP to hold nationwide protest on Monday against Mallikarjun Kharge's 'baap' remark for PM Modi

Kharge sparked a controversy on Sunday with his Modi ka baap bhi jayega remark in response to an audience member's comment that he prime minister would not go anywhere, during an event in Delhi marking the birth anniversary of Bihar's first chief minister, Shrikrishna Singh.

25 Oct 2026 11:43 pm
'Ukraine used Starlink in killing...': Musk admits SpaceX cut speeds; Zelenskyy confirms restoration

'Ukraine used Starlink in killing...': Musk admits SpaceX cut speeds; Zelenskyy confirms restoration

25 Oct 2026 11:41 pm
BJP plans nationwide push to counter campaign against SIR

The strategy is being worked out as INDIA bloc, including Congress, prepares to intensify their campaign against SIR and demand the removal of the CEC, including a proposed rally in Delhi on November 1. BJP is now looking to move beyond responding to Opposition's allegations and take the fight directly to the people, with senior leaders expected to lead the campaign across states.

25 Oct 2026 11:39 pm
UNESCO adds three Indian sites to Tentative List, from Andaman volcanoes to Chhattisgarhs Sirpur: What makes them significant?

UNESCO has added three Indian properties to its World Heritage Tentative List: the Karst-mud-volcano Complex of Baratang, the Andaman Subduction Volcanoes and the Sirpur Cultural and Archaeological Landscape. Located in the Andaman and Nicobar Islands and Chhattisgarh, the sites represent Indias geological diversity and archaeological heritage. Tentative-list inclusion is a preliminary step, not final World Heritage recognition.

25 Oct 2026 11:38 pm
Ghost daycares in Minnesota: Nick Shirley, Dexter drop Somali fraud bombshell at House Hearing

Ghost daycares in Minnesota: Nick Shirley, Dexter drop Somali fraud bombshell at House Hearing

25 Oct 2026 11:35 pm
NRC logjam delays SIR in Assam, no clarity on timeline

Instead of SIR, a Special Revision (SR) was conducted. Illegal immigration from Bangladesh has long been a contentious issue in the state. On October 16 this year, the Assam's Chief Electoral Officer (CEO) announced the commencement of a Special Summary Revision (SSR) of electoral rolls. The draft electoral roll is scheduled to be published on November 12.

25 Oct 2026 11:31 pm
Punjabs champion buffalo Raja goes missing, owner offers Rs 1 lakh reward; won over 100 races, bagged tractor, car and 87 bikes

Raja Jhota, a 20-year-old buffalo celebrated for his success in traditional Punjabi racing competitions, has been missing for around 20 days. His owner, Jaskaran Singh, has announced a Rs 1 lakh reward for his recovery. The buffalo reportedly won more than 100 competitions, with police investigating his disappearance alongside that of two other animals.

25 Oct 2026 10:58 pm
NYC woman announced her death at 38, helped erase $44.9 million in medical debt for 51,000 people across 9 states

A 38-year-old New York City mother Casey Ryan McIntyre battling ovarian cancer arranged to erase $44.9 million in medical debt affecting 51,000 people across nine US states, turning her final wish into a lasting legacy of compassion. The fundraiser had initially set a goal of $20,000, but donations far exceeded that target.

25 Oct 2026 10:51 pm
Harmanpreet, Deepti hit centuries as India thrash Zimbabwe by 121 runs in second ODI

India secured a dominant victory over Zimbabwe in the second ODI, winning by 121 runs. Harmanpreet Kaur and Deepti Sharma each scored centuries, contributing significantly to India's total. The team set a challenging target of 328 runs for Zimbabwe to chase. Zimbabwe's batting effort was led by Modester Mupachikwa and Chipo Mugeri-Tiripano, who both made notable scores. Vaishnavi Sharma excelled with the ball, taking four wickets for India.

25 Oct 2026 10:41 pm
Delhi Police register FIR against MPs for trespassing at Jamia Millia Islamia amid student protests

Delhi Police have filed a FIR against Members of Parliament who visited Jamia Millia Islamia. This visit occurred amid ongoing protests by students demanding the restoration of their student union. The protests intensified following attempts to remove students from their designated protest site on campus. Faculty and staff held a meeting to discuss actions to restore normalcy and address vandalism issues.

25 Oct 2026 9:53 pm
BJP slams Mallikarjun Kharge's remarks against PM Modi, says Congress seems more like 'mafia'

The ruling party's strong reaction followed Kharge's outburst during a function on the 139th birth anniversary of Bihar's first chief minister, Shrikrishna Singh, in Patna, where he said that the Congress will send those involved in carrying out alleged irregularities in the SIR process to jail.

25 Oct 2026 9:36 pm
Asin lives in a palatial 3-acre farmhouse in Delhi's upscale Mehrauli with her husband Rahul Sharma estimated to be worth over Rs 80 crore

Asin turns 41 on October 26, bringing renewed interest in the life she shares with Micromax co-founder Rahul Sharma. The couple married in 2016 and have kept their private life largely out of the spotlight. Here is what has been reported about their Delhi residence, luxury car collection and the actors property connections in Kerala.

25 Oct 2026 9:36 pm
UK government's Be Ready campaign: Are Britons prepared to survive 3 days without power, water and internet?

The UK's new 'Be Ready' initiative aims to boost awareness about emergency preparedness among households for the next three years. Citizens are encouraged to ensure they have sufficient food and water on hand. Additionally, registering for the Priority Services Register is recommended for access to vital support. Over five hundred organizations will collaborate to spread essential emergency preparation tips and strategies.

25 Oct 2026 9:35 pm
Amit Shah to join 'Save Democracy, Remove Anarchy' padyatra in Karnal on November 5; Haryana BJP President confirms

Union Home Minister Amit Shah will partake in a foot march in Karnal on November 5. This initiative is part of the Bharatiya Janata Party's campaign to raise awareness about electoral processes and voter lists. The campaign will include public outreach programs and foot marches across various districts. Preparation for the event involves collaboration between party officials and supporters at the local level.

25 Oct 2026 8:54 pm
Delhi plans first-aid facilities in 1,086 government schools at Rs 48.87 crore annually

The Delhi government is proposing to set up first-aid facilities across all 1,086 government schools in the city. This initiative aims to provide immediate medical attention to students during school hours. Each school will have a trained health worker available for assistance with minor injuries and sudden illnesses. Facilities will be equipped for basic first aid and menstrual health support, ensuring privacy for girl students.

25 Oct 2026 8:41 pm
Farooq Abdullah's statement regarding Pakistani claims on Kashmir incorrect: Ghulam Nabi Azad

Ghulam Nabi Azad has responded to Farooq Abdullah's recent remarks on Pakistan's influence in Kashmir. Azad emphasized that Pakistan has historically been an enemy of India and the people of Jammu and Kashmir. He urged respect for the development efforts made by successive Indian governments since 1947. Shia leader Imran Ansari also criticized Abdullah, labeling him and his party as 'rebels on rent'.

25 Oct 2026 8:38 pm
Very high expectations from India-EU FTA, says Rotterdam port chief

Boudewijn Siemons, CEO of the Port of Rotterdam, expressed high expectations for the India-EU free trade agreement. He highlighted the importance of collaboration between ports and nations to facilitate global trade. Siemons conveyed his optimism about increased business opportunities between Europe and India. Negotiations for the free trade agreement have concluded, with hopes to sign it by year-end. The implementation of the agreement is anticipated for next year.

25 Oct 2026 8:34 pm
Trump & Melania vote in Florida: Presidents ballot comes amid mail-in voting controversy in Midterm

Trump & Melania vote in Florida: Presidents ballot comes amid mail-in voting controversy in Midterm

25 Oct 2026 8:29 pm
Gold price today: Gold rate, silver price predictions by experts are out. Check here

Gold rate: In international markets, Comex gold futures for the December delivery declined USD 173.2, or 4.14 per cent, over the past week, to close at USD 4,007.9 per ounce.

25 Oct 2026 8:16 pm
Beginning in 1974, North American conservationists released more than 6,000 captive-bred peregrine falcons; by the late 1990s, at least 1,650 breeding pairs had been restored

Once teetering on the brink of extinction in North America due to harmful pesticides and loss of natural habitats, the peregrine falcons have made a remarkable comeback. With dedicated conservationists implementing strategies such as captive breeding and urban nesting, these magnificent birds thrived, leading to their delisting as endangered in 1999. This inspiring success story underscores the crucial role of ongoing research and long-term conservation efforts in restoring wildlife communities.

25 Oct 2026 8:15 pm
J&K Cong distances itself from Farooq's Pak remarks; Kashmiri Pandit groups file complaint

The J&K Congress has distanced itself from Farooq Abdullah's remarks regarding Pakistan's involvement in Kashmir. This comes as some groups have filed a police complaint against him for these comments. Abdullah's statements reflect frustrations regarding the restoration of statehood in Jammu and Kashmir. BJP leaders criticized his reliance on Pakistan narratives while highlighting local issues facing the region.

25 Oct 2026 8:04 pm
NITI Aayog member Rajiv Gauba calls for urban reforms

Addressing the valedictory session of the 2nd National Urban Conclave on Sunday, Gauba called for removal of restrictive floor-area ratios (FARs) and building norms that constrain land supply and drive-up costs for residential and commercial users.

25 Oct 2026 7:57 pm
At least 1 lakh workers to participate in November 1 Delhi rally: Rajasthan Congress

The assurance was given by Rajasthan Congress president Govind Singh Dotasra during a meeting chaired by AICC general secretary (organisation) K C Venugopal at the Constitution Club in Jaipur to discuss preparations for the rally and ensure maximum participation from the state.

25 Oct 2026 7:56 pm
LPG cylinder costs Rs 10,000 in Pakistan as border closure triggers shortages, 6,000 dealer shops shut

Pakistan's LPG crisis has pushed prices to Rs 750 per kilogram in some areas, taking cylinder costs above Rs 10,000. The Gabd-Rimdan crossing with Iran has reopened after a week-long suspension, but dealers are protesting alleged harassment by enforcement agencies. With market rates far above the official price, households are struggling to secure affordable cooking fuel.

25 Oct 2026 7:56 pm