The Economic Times

The FIR has been registered under Sections 196, 353 and 356 of the Bharatiya Nyaya Sanhita (BNS), 2023, which deal with promoting enmity, statements capable of causing public mischief and defamation, respectively.

India records $90 bn exports in Oct, on track for $1 trillion target: Piyush Goyal

Mahanadi Coalfields, a subsidiary of Coal India, is set to launch its initial public offering next week. The IPO will open on November 19 and close on November 23, with an expected size of

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.

General insurance companies in India saw a 10.5% increase in gross direct premium income in October. Standalone health insurers also reported significant growth, outperforming general insurers in several areas. HDFC ERGO and SBI General led the performance among private insurers with impressive increases in premium income. Public sector insurers like National Insurance also experienced growth, though some faced declines.

Elon Musk has publicly endorsed a petition to reinstate Jensen Huang as CEO of Nvidia. Huang recently resigned amid controversy regarding his alleged extramarital relationships. These relationships have included a woman who is suspected of having ties to Chinese intelligence services. Musk's support joins that of other prominent figures advocating for Huang's return. The situation raises significant questions about Huang's leadership and personal conduct at Nvidia.

FAA flights grounded due to communications issues, affecting multiple sports teams nationwide. College football teams faced delays, with some opting to travel by bus rather than wait for flights. Professional basketball and hockey teams also scrambled to alter travel plans ahead of their scheduled games. Many teams were forced to seek accommodations, with uncertainty lingering about flight availability.

Unauthorized drone activity at RAF Lakenheath resulted in a security response by US Air Force personnel. The incident was resolved without impacting personnel or aircraft according to US and UK defense officials. Recently, other US bases in the UK faced similar threats, prompting a heightened alert status. Earlier incidents involved suspicious vehicles near RAF Fairford, leading to arrests linked to a potential attack.

FAA flights grounded: After a nationwide groundstop halted thousands of flights, the Trump administration increased its air traffic control funding request. The official request has risen from $30.1 billion to $50 billion due to ongoing issues. Funding aims to modernize aging airports and enhance air traffic systems across the United States. Major airlines have shown support for this funding request during this critical safety period.

The corporate bond market in Mumbai was abuzz with activity on Friday, pulling in an impressive

Democratic senators have urged Elon Musk to maintain records pertaining to SpaceX's restrictions on services in Ukraine. These services are crucial for Ukraine's military communication and operations amid ongoing conflicts. The restrictions raised questions about SpaceX's influence on national security communications and decision-making processes. Reports indicated that the service limitations originated within the White House but were later disputed by officials.

In the latest transaction, SVF II Meerkat (DE) LLC, an affiliate of SoftBank, offloaded 7.64 crore shares in Bengaluru-based Meesho, according to the block deal data on the National Stock Exchange (NSE).

A group of nonprofits has filed a lawsuit against OpenAI, Anthropic, and other tech companies. They seek to prevent further development of advanced AI models citing potential harm to humanity. Company leaders have raised concerns about the dangers associated with artificial intelligence technologies. The lawsuit relies on California's laws regarding unfair business practices for its basis. If successful, this could significantly impact the future of AI development in these companies.

US President Donald Trump will travel to the Philippines and China with Elon Musk for important diplomatic meetings. In Manila, he intends to sign a trade deal with Thailand and meet with Southeast Asian leaders. Trump's agenda includes discussions about trade measures and export controls related to advanced computer chips. A trilateral meeting with Xi Jinping and Vladimir Putin is also scheduled during this trip.

The Indian stock indices experienced a retreat as increasing crude oil costs negatively impacted market sentiment. Retail inflation hit 6.09% in October, breaching the tolerance threshold set by the Reserve Bank of India. This spike raised alarms about possible future rate adjustments. Sectors like realty, auto, and cement faced considerable selling activity due to these economic dynamics. However, the benchmarks concluded the week with minor gains.

A tanker struck the American Heritage paddleboat while it was docked on the Mississippi River in New Orleans. The collision caused the paddleboat to partially submerge, with 129 passengers aboard at the time. Rescuers, including nearby workers and police, promptly responded to assist those in distress. At least 32 individuals required hospitalization, though none suffered critical injuries.

The Indian IT sector has seen a rollercoaster of activity, where mid-sized companies have outperformed their larger peers recently. Increased deal bookings are promising, yet slow revenue growth due to client indecision lingers. The emergence of AI technology brings both new possibilities and pricing pressures for classic services. To sustain their margins in this shifting landscape, companies are honing their operational efficiency.

FAA flights grounded reason: US Transportation Secretary Sean Duffy reported that an overloaded air traffic control communications system led to a nationwide groundstop. This issue resulted in more than 10,000 flights being cancelled and delayed across the country. The system experienced inconsistent data due to overloaded switches and routers, prompting the decision to shut it down. Intermittent communication occurred along with intermittent radar problems which contributed to the disruption.

Donald Trump is set to meet with Xi Jinping next week during the Asia-Pacific Economic Cooperation forum in China. Recently, Jensen Huang resigned as CEO of Nvidia amid allegations involving Alice Huang and potential national security concerns. The US Justice Department has not concluded any investigation regarding Alice Huang's affiliations with the Chinese government. Trump is not expected to raise the allegations during his meeting with Xi.

Airlines including Air Canada and American Airlines issued passenger advisories after a nationwide ground stop imposed by the Federal Aviation Administration (FAA) disrupted flight operations across the United States, triggering cancellations and departure delays.Air Canada cancelled all flights to and from the US for the remainder of the evening, warning that services between Canada, the Caribbean and South America that transit US airspace could also be affected.Also Read: US flights remain sus

Anthropic chief executive Dario Amodei pitched investors on safety and a strict hiring culture on Friday, days before the AI company's stock market debut. Nvidia, the chip giant at the center of the AI buildout and an Anthropic investor, has been rocked by the resignation of chief executive Jensen Huang after he admitted to an affair with a woman US intelligence reportedly believes was a Chinese spy.

US Secretary of State Marco Rubio acknowledged the economic struggles faced by Americans during his speech to conservatives. He emphasized that economic health should be measured by people's ability to afford necessities, rather than stock market performance. Rubio defended controversial decisions made during the Trump administration regarding foreign policy and claimed international law has been weaponized against U.S. actions.

SpaceX successfully launched its Starship spacecraft on a mission that aimed for both orbit and return. Unfortunately, the lower-stage Super Heavy booster rocket failed to complete its return flight. Starship's upper-stage vessel reached orbit and deployed 26 satellites into space. This launch marks SpaceX's 15th Starship test flight, contributing to their satellite connectivity business. The company hopes to achieve a fully reusable rocket system for future missions.

Jensen Huang, who resigned as CEO of Nvidia following revelations about his affair with Alice Huang, misled company leaders regarding the nature of their relationship, which raised concerns. Internal communications revealed that Huang had described their interactions as standard business dealings. An investigation was launched by Nvidia's board after media reports surfaced about the affair. Nvidia's stock has significantly declined since the news broke, causing losses of over $1.8 trillion.

FAA Ground Stop: This is the first nationwide ground stop since January 2023 when a key FAA computer system malfunctioned. Before that the last time had been after the September 11, 2001 attacks.

S&P 500, Nasdaq's losses came ahead of AI company Anthropic's much-anticipated IPO next week. Nvidia is scheduled to announce earnings report on next Tuesday, November 17.

Iran US War: UN's International Maritime Organization said 25 seafarers died and many others were injured or remain missing following some 134 incidents in the Strait of Hormuz and the wider Middle East maritime area as of November 11.

Bitcoin price crash today: Bitcoin price has dropped to nearly $68,000, its lowest level since August, as more than $856 million in crypto positions were liquidated. ETF outflows and weak demand have added to the pressure, while Anthropic's upcoming IPO raises questions about investor interest in BTC USD and its chances of recovering to $90,000.

A software expert shared his story on the Developers India subreddit, explaining how, after months of failed attempts, he was able to eventually turn things around. He disclosed that he currently works as a software developer and has three years of industry experience, earning 22 lakh annually.

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Federal Reserve officials are signaling further interest-rate increases to combat persistent inflation pressures in the economy. San Francisco Fed President Mary Daly expressed concerns about services inflation and its implications for future policy. Both Boston Fed President Susan Collins and Dallas Fed President Lorie Logan emphasized the need for tighter monetary policies. They indicated the possibility of upcoming rate hikes to achieve price stability and mitigate inflation.

Rene Haas has 35 years of experience in semiconductors and systems. Jensen Huang stepped down on Thursday after revelations of extramarital affairs, including one involving a suspected Chinese spy.

Career growth tips: HPE CEO Antonio Neri shares career advice for employees hoping to get promoted, stressing the importance of keeping promises, communicating ambitions and taking responsibility for professional growth. His recommendations come as a 2026 study finds that only 40% of US employees have quality jobs, highlighting gaps in workplace development opportunities.

Social Security's funding crisis may have arrived decades earlier because a smaller share of American income is subject to payroll taxes. AARP estimates the programme could have paid full benefits until 2059 if taxable wages had maintained their 1980s share of the economy. The actual trust fund depletion projections remain 2032 and 2034.

United States has imposed sweeping travel restrictions affecting dozens of countries, many of them in Africa, under proclamations issued during Donald Trumps second administration.

GTA 6 online could launch in 2027, media reports said citing industry insiders. Rockstar Games have not officially confirmed any multiplayer launch window for Grand Theft Auto VI. The multiplayer may be launched a year after the base game, a Bloomberg video said. This is unconfirmed. A PlayStation database discovery has also suggested that there could be some multiplayer development.

Australia captain Pat Cummins strongly refuted Usman Khawaja's claims regarding widespread knowledge of the Sandpapergate incident. Cummins held a news conference addressing these allegations and insisted he was unaware of the ball-tampering plot. David Warner expressed disappointment in Cummins' comments and supported Khawaja's perspective on the investigation. The management and coaching staff have undergone significant changes since the scandal occurred in 2018.

Alice Huang received one Megaspeed share for just S$1 on the day she stepped down as managing director in 2023. The corporate filing has drawn attention as the Singapore-based firm faces scrutiny over alleged $7.5 billion Nvidia chip shipments to China, its financial growth and Huang's reported relationship with Jensen Huang.

New Zealand dominated the fourth ODI against India, winning by 244 runs and staying alive in the series. Will Young scored a century, while Matt Henry took six wickets to dismiss India for 89 runs. India faced a terrible start, losing three key wickets in the first over, resulting in a challenging chase. Henry's exceptional bowling performance highlighted India's struggle, leading to their sixth-lowest ODI total.

The IRS has raised the standard deduction, widened federal income tax brackets and increased key family tax credits for 2027. The changes, announced on November 5, cover nearly 70 provisions of the federal tax code. The standard deduction for single filers will rise to $16,600, while married couples filing jointly will get $33,200. The Child Tax Credit will also increase to $2,300 per qualifying child.

Mauricio Pochettino has been appointed as the new head coach of Manchester United following disappointing league results. The club decided to hire him after Michael Carrick was relieved of his duties. Pochettino, who previously managed Tottenham and Paris Saint-Germain, was the only candidate directly approached by United. He left a positive impression on the club during previous considerations for the role.

The tranquil and indescribably beautiful environs of Kamarpukur and Joyrambati, the birthplaces of Sri Ramkrishna Paramhansa and Maa Sarada Devi in the verdant plains of West Bengal, are truly balms for the soul. Green-gold vistas of ripening rice fields criss-crossed by a myriad of small rivers and dotted with distant sleepy hamlets greeted the eye as a friend and I headed there from Kolkata. And the early morning autumn sun cast a golden, almost divine glow.It was a world away from the polluti

Yemen's internationally recognized government is reinforcing its military positions around Aden against advancing Houthi forces. The recent conflict has escalated since a truce ended in July, leading to increased military actions. Houthi fighters have captured strategic areas in the Al-Madaribah wal Ara district, complicating government operations. The Houthis also maintain control over the Red Sea coast, impacting government access to vital routes.

SpaceX plans to launch its Starship rocket for the 15th time to test spacecraft recovery. The mission will attempt to catch the spacecraft at the Texas launch site rather than discarding it at sea. Elon Musk envisions regular Starship launches to expand the Starlink satellite network and future AI capabilities. NASA has provided significant funding for the Starship project under the Artemis moon program.

Three zodiac signs could find an opening they might normally pass up in the week ending November 22. Jupiter in Leo and the start of Sagittarius season set the backdrop for a horoscope about trying something different. A lucky break might begin with an invitation, an idea worth testing or a change to the usual routine.