The Economic Times

'40 charged in $42M fraud': Vance's task force unveils major SNAP investigation findings in Ohio

Meta posted diluted earnings per share of $3.83 in the quarter, a figure that would have been $7.40, had it not been for a $9.89 billion charge related to the August settlement.

US midterms polls 2026 prediction: The US Constitution says that states have the primary authority for the administration of elections. Voter rolls cannot be changed on a major scale less than 90 days before an election.

RBI's Monetary Policy Committee raised the benchmark repo rate by 25 basis points to address rising inflation concerns. Governor Sanjay Malhotra indicated a generalisation of inflation, with many commodities exceeding 4% inflation. Deputy Governor Poonam Gupta highlighted the influence of external supply-side shocks on inflation projections. External members expressed concerns about the implications of an aggressive rate hike on economic growth.

India's Niti Aayog is preparing a list of critical technologies for enhancing self-reliance and investment. This initiative aims to protect against disruptions due to limited access to essential technologies. Potential technologies include 6G, defence equipment, and electric vehicle powertrains. The government seeks to encourage innovation through the Anusandhan National Research Foundation and other funds. A comprehensive roadmap is expected to be finalized and released next month.

BlackRock has launched a new robotics focused ETF as investors become more selective about AI investments. The fund targets companies using intelligent machines across industries such as manufacturing and transportation, adding to a rapidly expanding market of ETFs built around different parts of the AI theme.

The US Justice Department chose not to investigate allegations against prosecutors in David Hearn's case. Hearn faced felony charges for damaging the Lincoln Memorial Reflecting Pool, which were later dismissed. His lawyers claim serious allegations including witness tampering and suggested an independent investigation is necessary. The allegation details were referred to the Office of Professional Responsibility for review. The outcome remains uncertain as the prosecutors' conduct faces scrutin

Recently, a bizarre creature has surfaced in Mexico's Valley of Jurez, allegedly linked to mysterious poultry deaths. UFO researcher Jaime Maussan showcased images of this large, pale beast seen pilfering chickens and adeptly scaling walls. Despite numerous resident sightings, no independent validation exists. Theories about the creature's origins, whether from outer space or a parallel dimension, swirl without scientific backing.

Russia lifted its self-imposed ban on diesel exports on October 9, introduced to tackle domestic shortages triggered by Ukrainian drone attacks on refineries, after reaching the deal with Trump to supply diesel to global markets.

Twenty rebel TMC MPs have asked for additional time until November 3 to respond to a disqualification petition. This request marks the fourth extension sought by the MPs since the original deadline was October 20. Their request cites the Durga Puja holidays in West Bengal as a reason for the delay. They submitted individual letters to the Lok Sabha Secretariat regarding their response.

The Mumbai Police Crime Branch has apprehended three additional suspects connected to the shooting of Tiger Shroff. Investigators are examining the roles of the newly arrested suspects, who have been identified as Sameer, Jatin, and Ankit Khatak. Allegedly, Sameer coordinated between the main suspect and the shooters, providing funds and weapons. After the incident, the Lawrence Bishnoi gang claimed responsibility through a social media post.

A butter chicken-stuffed idli introduced by food delivery startup Swish has sparked a debate on social media, with many users criticising the fusion dish while others have defended it. The creation went viral after a user shared it on X, prompting jokes about the unusual combination and comparisons with other stuffed foods.

The government has extended the deadline for duty-free imports of 10 lakh tonnes of raw sugar to December 31, as domestic imports have lagged at just 3 lakh tonnes due to price control measures. This decision aims to mitigate supply constraints following record high sugar prices linked to reduced domestic production and exports.

Iran is prepared to give diplomacy another chance if we see strong evidence of a sincere desire on the part of the US to achieve a just and honourable solution to permanently end this conflict, Foreign Minister Abbas Araghchi wrote in an op-ed in the Financial Times.

Indian cricket team is preparing for a challenging series against New Zealand after a demanding travel schedule. Players will need to adjust to New Zealand's conditions ahead of five T20Is. Team captain Shreyas Iyer is optimistic about their adaptability despite travel fatigue and acclimatization. Bowlers like Bhuvneshwar Kumar are returning to the squad, seeking to make significant impacts. The series will test the team's performance dynamics across various playing conditions.

Without naming them, Macron suggested that US President Donald Trump, whose party is struggling ahead of mid-terms elections, and Israeli Prime Minister Benjamin Netanyahu, who is facing a general election in the coming days, are campaigning at France's expense.

The opening ceremony took place onboard INS Nilgiri and INS Kamorta, attended by Rear Admiral Manoj Jha, VSM, Chief Staff Officer (Operations), Eastern Naval Command, Indian Navy; Colonel Bertram Ang, Fleet Commander of the Republic of Singapore Navy; and other senior officers from both navies.

The air show, organised to mark the 94th anniversary of the Indian Air Force (IAF), will showcase its operational capabilities, technological strength and aerial combat skills. Aircraft such as Rafale, Sukhoi-30MKI, MiG-29, Mirage 2000, Jaguar and indigenous light combat aircraft are expected to participate.

The Supreme Court has stayed the investigation into corruption FIRs against Pinarayi Vijayan, Veena T, and PA Mohammed Riyas. They are allowed to challenge a Kerala High Court order that prompted the registration of these FIRs. The court clarified that its observations do not reflect any opinion on the merits of the cases. It also expressed concern regarding the urgency with which the matter was taken to the high court.

BJP general secretary BL Santhosh emphasized connecting with the youth through a youthful approach. He stated that leaders do not need to be young to engage effectively with the younger generation. Santhosh highlighted the importance of evolving while maintaining the party's core ideology and organization. He noted that organic growth may not always suffice, hence the inclusion of leaders from outside the party.

Amitabh Bachchan has announced a temporary break from social media after being advised to rest and recover for a few days. The veteran actor shared an update on X and his official blog but did not disclose the reason behind the advice. His announcement comes as he continues hosting Kaun Banega Crorepati and works on Kalki 2898 AD.

While some social media users defended Rajnandgaon superintendent of police Ankita Sharma saying that she was merely following a tradition, others criticised her handling of the weapon. The viral video showed Sharma, dressed in a saree, firing several rounds from an AK-47.

Union home minister Amit Shah confirmed that peace has been established in Kashmir, the Northeast, and Naxal-affected areas. He highlighted the recent West Bengal elections where security personnel prevented any electoral violence. Shah set a target for India to become drugs-free by December 31, 2029. He also noted the sacrifices of martyred security personnel in the fight against Naxalism.

Kharge demanded clarity on the government's peace efforts and its response to the Supreme Court recommendations. He emphasised the need for justice and constitutional rights for the people of Manipur.

Tensions have escalated in Kamjong district, Manipur, following the burning of Khoikai Kuki village by suspected militants. More than 50 individuals have lost their lives due to ongoing ethnic clashes between the Kuki and Naga communities since early this year. Manipur's Director General of Police Mukesh Singh visited the district to enhance security coordination among forces addressing the unrest.

The worlds second largest economy is increasingly a study in contrasts: rising export strength that has found renewed global clout amid the AI boom, alongside weak domestic demand.

US Treasury yields slipped as investors weighed the impact of higher borrowing costs on AI stocks, with the 10 year yield heading for a second straight daily decline. The move came ahead of a $13 billion 20 year Treasury auction, while markets continued to price in a muted chance of a Fed rate hike.

A 13-year-old teen girl from Massachusetts, Kaia Minn, has developed biodegradable seed pods using discarded citrus peels and other plant-based materials after being inspired by wildfire reports from California and Canada. The pods are designed to protect seeds during early growth before decomposing naturally, with potential applications in forest restoration, agriculture and gardening. Further outdoor testing is needed to establish their effectiveness.

In light of critical vulnerabilities discovered in PHP, numerous websites have been taken offline. The FBI has strongly recommended that organizations either update their PHP installations or disconnect vulnerable systems. Cybersecurity experts warn that these flaws pose a significant risk of data theft and cyberattacks. In response, website administrators are implementing urgent maintenance. Users are encouraged to exercise caution and adhere to online safety protocols.

Jurors in September found Meta liable for over 43 million violations of New Mexico consumer protection laws when a political consulting firm, Cambridge Analytica, harvested Facebook user data to generate targeted political ads for the 2016 election.

The Rafale-Marine (Rafale-M) is a fighter jet designed to operate from aircraft carriers at sea. It is built by Dassault Aviation of France and is already being used by the French Navy.

Gen (retd.) Zubair Mahmood Hayat said South Asia remained short of lasting peace because it lacked an inclusive regional security framework, effective crisis management mechanisms and sustained political dialogue.

The Pentagon has authorized a temporary transfer of the Active Denial System to the Department of Homeland Security. This technology, known as a heat ray, is designed to disperse crowds without physical contact. Officials have yet to determine the specific testing locations or methods for its use. Previous military assessments have shown limited application in combat or crowd control situations.

Turkey's government has requested parliamentary approval for a defense agreement signed with Saudi Arabia and Pakistan. The agreement commits member states to mutual defense against external threats, similar to NATO's Article 5. Discussions between Turkey, Pakistan, and Saudi Arabia regarding military support and cooperation are currently ongoing. Assistance may include air defense and technical support, but not troop deployments into Yemen.

NaBFID has obtained approvals from the finance ministry and the Reserve Bank of India to establish a national repository. This repository will offer consolidated information on infrastructure projects for lenders and investors. The platform aims to facilitate access to data sourced from various government agencies like NHAI and others. NaBFID is considering partnerships with financial institutions to enhance the repository's effectiveness.

Weather tomorrow, October 22: The IMD has forecast heavy to very heavy rainfall in Tamil Nadu, Puducherry and Karaikal, and Kerala and Mahe on October 22. Heavy rain is also likely in parts of Andhra Pradesh and Lakshadweep, while Karnataka and other regions may experience rainfall, thunderstorms and gusty winds. Check the state-wise weather forecast, rainfall alerts and warnings for tomorrow.

Elon Musk is considering merging Tesla and SpaceX, with both companies forming committees to evaluate the proposal. This merger could enhance their collaboration in artificial intelligence and robotics, as both companies have overlapping interests. While Tesla may gain from SpaceXs rocket-launch capabilities, there are concerns about financial risks and governance issues. Investors are skeptical, particularly regarding the potential burden on Tesla's existing operations.

Bitcoin delivered nearly 234% returns over three years, outperforming silver, gold and equities. However, precious metals led over one year as cryptocurrencies declined. CoinDCX data also shows Bitcoin topping hypothetical one-year SIP values, highlighting the importance of investment horizons and risk management.

The prestigious annual prize, which also includes a Fiction category worth the same prize money, celebrates exceptional narrative non-fiction written by female thought-leaders, changemakers and experts.

The US Supreme Court is set to examine the contested admission policy in Montgomery County affecting Asian-American students. The court's ruling will address whether sufficient evidence of discrimination exists for the lawsuit to progress. Previously, lower courts dismissed the case due to a lack of proven discriminatory intent. This decision could influence how selective public schools assess students under race-neutral policies.

Microsoft's next-generation Xbox, codenamed Project Helix, could cost between $1,200 (approximately Rs 1.13 lakh) and $1,800 (approximately Rs 1.69 lakh), according to Fortune. The report says the range reflects internal projections, with the final price potentially lower if Microsoft subsidises the console. Project Helix will support Xbox and PC games, while alpha hardware is expected to reach developers in 2027.

Childcare costs have escalated significantly, impacting many households and their financial stability. This financial burden is influencing voter decisions, particularly among parents with young children. Candidates are increasingly addressing childcare issues in their campaigns to appeal to affected voters. While some propose substantial reforms, others prefer tax incentives as solutions. Parents are seeking representatives who genuinely support affordable childcare and early education initiati

Los Angeles and Southern California are bracing for a major storm from Wednesday to Thursday, with the National Weather Service warning of potential flooding from heavy rains expected to reach three inches. Coastal regions are also under tornado threat, increasing the need for caution. Communities recovering from wildfires should prepare for possible mud and debris flows.