The Economic Times

The US and India are reportedly close to finalizing a new trade deal. President Donald Trump indicated that this deal would be significantly different from prior agreements. Secretary of State Marco Rubio's visit to India aims to strengthen various bilateral relations. Commerce Minister Piyush Goyal recently engaged with US Trade Representative Jamieson Greer to discuss the trade deal. The discussions follow the recent framework finalization of the bilateral trade agreement.

France is grappling with significant economic challenges as public debt continues to rise, exceeding 119% of GDP. Government spending represents a substantial portion of the economy, reaching 57.2%, which constrains fiscal options. The country has recently reported low growth predictions, with only 0.4% expected for the upcoming period. Comparatively, borrowing costs for France are higher than those for Germany, impacting public service funding.

The IMD has forecast heavy to very heavy rainfall in Tamil Nadu, Puducherry and Karaikal until October 26, with Kerala, Karnataka and parts of Andhra Pradesh also likely to receive heavy rain. Chennai and neighbouring districts have declared school holidays on October 21 following heavy rainfall. A low-pressure area is expected to develop over the southwest Bay of Bengal, bringing further rain to southern India.

Ukrainian President Volodymyr Zelenskyy stated that his country is now receiving crucial early warning intelligence from partners. Recent Russian missile attacks caused significant civilian casualties, prompting Zelenskyy to seek more American assistance. Although U.S. officials deny any political directives to slow support, Zelenskyy expressed concerns over military supplies and restrictions. European countries continue to allocate substantial funding to support Ukraine amid these challenges.

The United Nations is set to launch a new initiative focusing on military applications of artificial intelligence. This forum will aim to address the potential threats posed by rapidly advancing AI technology. Discussions are anticipated to include various stakeholders, including defense companies and governments. The initiative also aims to create guidelines for responsible AI use in military contexts. Concerns from global leaders highlight the urgency of addressing these emerging challenges.

Workers in Karachi's garment factories face extreme heat and unsafe conditions while producing clothing for international brands. Many report health issues due to the high temperatures and lack of adequate protections from their employers. Complaints about working conditions often go ignored, leading to serious health repercussions for workers. Some companies have pledged to improve safety measures, but implementation remains insufficient.

A drone strike targeted Amiet Market in Abyei, killing at least 153 people and injuring many others. The act was attributed to Sudan's military, which claimed it aimed at fuel smugglers. Local officials reported extensive civilian casualties and significant property damage from the attack. Doctors Without Borders responded by providing medical aid to those injured. The ongoing conflict raises concerns for the safety of civilians in the region.

Donald Trump urged Ukrainian President Volodymyr Zelenskyy to pursue peace negotiations with Russia, warning of dire consequences. He criticized the lack of return on American financial support for Ukraine amid ongoing economic struggles. Trump indicated that Russia is interested in negotiating while making territorial gains. He proposed a potential trilateral meeting with Russian President Vladimir Putin and Chinese President Xi Jinping.

Iranian Foreign Minister Abbas Araghchi insists the Strait of Hormuz will stay closed until the United States complies. He emphasizes that Washington must first adhere to the Islamabad Memorandum of Understanding for any negotiations to proceed. Indirect communications with the US continue through regional intermediaries, reflecting ongoing diplomatic efforts. The proposed 'Seven-Day Plan' outlines a timeline for reopening the vital waterway.

Iran's Foreign Minister Abbas Araqchi stated there has been no response to Iran's mediation offer. This offer comes after intensified Houthi strikes against Saudi Arabia earlier this month. Egypt's involvement in the conflict could escalate tensions, but it has reassured Tehran of non-intervention. A vote in the Egyptian parliament regarding military action against the Houthis has been delayed until later in October.

Delhi's Food Safety Department conducted inspections at sweet manufacturing units and shops before the festive season. They identified significant hygiene and food-handling issues while collecting various food samples for testing. The inspections revealed problems such as pest activity, improper handling, and lack of safety compliance. Chief Minister Rekha Gupta emphasized the importance of public health and stringent food safety standards in food businesses.

The Indian rupee has depreciated significantly this year and is expected to weaken further due to global conditions. Despite improvements in the current account deficit, ongoing foreign portfolio outflows create pressure on the currency. High crude oil prices continue to inflate the import bill, exacerbating the rupee's depreciation. Recent interventions by the Reserve Bank of India aim to stabilize the currency amidst these pressures.

The United States plans to increase bilateral trade with India to over USD 500 billion in three years. This trade target comes after reaching a record USD 240 billion, highlighting growing economic ties. Collaboration will focus on sectors like semiconductors, energy, and defense to foster mutual interests. Recent diplomatic engagements have already begun shaping a strategic alignment for both nations.

The MSCI Asia Pacific Index climbed 0.6% with shares gaining in South Korea and Japan. The Kospi Index rose 1.9%, rebounding after one of the country

JPMorgan Asset Management has introduced Bitcoin into its long-term capital market assumptions for the first time. The firm forecasts annualized returns of 10% over the next decade, alongside significant volatility of 55%. This volatility may undermine Bitcoin's attractiveness on a risk-adjusted basis compared to traditional investments. Despite the potential returns, JPMorgan has not incorporated Bitcoin into its main portfolio models due to instability.

Following the National Stock Exchange's recent listing, the unlisted share market has encountered a substantial reduction in trading activity, with brokers reporting nearly a 50% drop in average daily transactions. Despite a rise in interest for companies like API Holdings and PPFAS, none compare to the NSE's allure. Still, investor curiosity persists, hinting at bright possibilities ahead in the market.

Jio Platforms, leading India's largest IPO, presents a compelling investment avenue for everyday investors. Despite its massive telecom customer base of 533 million, revenue per user still trails behind Bharti Airtel. However, with a promising growth trajectory in digital services and telecom, this IPO is set to fortify the company's financial standing while decreasing the promoter's stake. Analysts believe Jio Platforms holds strong potential for success in upcoming market conditions.

Gilt funds are back in focus among investors with interest rates rising and bond yields across the world moving up sharply. A look at what these developments mean for this debt fund category.WHAT ARE GILT FUNDS? Gilt funds are debt mutual funds that invest in government securities issued by the central and state governments. Long-duration gilt funds typically invest in government bonds with maturities of 10 years or more. Since these securities are backed by the government, the credit risk is ex

Investors are facing challenges in allocating a lump sum investment due to uncertainty in equity markets. Wealth managers suggest a combination of equities, debt, and gold for varying risk appetites. For conservative investors, a safer asset mix is recommended, while moderate and aggressive strategies differ significantly. Allocation strategies are tailored according to individual investor profiles and market conditions.

'Wait, shh... no, no, no': Trump loses his cool as White House reporter keeps shouting questions

'Somalis were stealing': Trump praises Nick Shirley, announces $25m fraud whistleblower program

Elon Musk's SpaceX on Tuesday reported a 161% rise in revenue for the third quarter, beating estimates, buoyed by a surge in its AI business and steady growth at its Starlink

RSS chief Mohan Bhagwat highlighted the inefficacy of protests in solving problems during his Vijayadashami speech. He cautioned against international forces that may exploit local issues to destabilize India. Bhagwat emphasized the importance of unity, stating that social issues can lead to division and conflict. He proposed that the government consider restricting information through OTT platforms to address substance abuse.

Mumbai Crime Branch teams are arriving in Kota to apprehend three shooters involved in a firing incident. The shooters are expected to be brought to Mumbai for court proceedings on Wednesday. Investigators are focusing on uncovering the details of the conspiracy, including the motive behind the attack. The Bishnoi gang has reportedly claimed responsibility for the incident through a social media post.

Mirwaiz Umar Farooq expressed concern regarding the eviction notice issued to the Race Course mosque in Delhi. The mosque has been a gazetted Waqf property since 1977 but may face demolition within six days. Asaduddin Owaisi called on the Union Minority Affairs Minister to intervene in this matter. The current absence of the Delhi Waqf Board raises significant issues regarding the defense of such properties.

India made a remarkable mark at the Asian Para Games, particularly excelling in athletics, which was the source of the bulk of its gold medals. Nishad Kumar stole the spotlight with stellar performances, winning gold in both long jump and high jump. Deepthi Jeevanji triumphed in the women's 400m T20 race, while a trio of athletes also secured victories in their respective disciplines.

The SP Group has not withdrawn the proposal, which was placed before the Tata Sons board by Noel Tata at its last meeting, the people said. The subsequent Reserve Bank of India (RBI) directive requiring Tata Sons to pursue a listing has not altered the group's need for funds, even as it has welcomed the regulatory move, they said.

Prime Minister Narendra Modi emphasized the concept of Ram-rajya during Dussehra celebrations in New Delhi. He mentioned the importance of justice and equal opportunity for all citizens without discrimination. Modi recalled Lord Ram's values, stating that crisis should not lead to dependency on others. He reiterated the government's commitment to the welfare of the poor and weak in society.

Poland's Prime Minister Donald Tusk is visiting India to enhance strategic partnerships in trade and technology. The visit includes talks with Prime Minister Narendra Modi regarding security and economic collaborations. Business programs in New Delhi and Bengaluru are planned to stimulate investment and innovation. Both countries aim to develop a trade roadmap targeting $10 billion and address market barriers.

Tehran analyst Saeed Leylaz said that, by prolonging the talks, Iran is influencing the US election without taking any unlawful action. Trump has repeatedly said he expects oil prices to drop after the elections, but has not offered a detailed plan to end the war and reopen the Strait of Hormuz, a vital global energy shipping route effectively closed by Iran since the war began.

Uddhav Thackeray addressed the annual Dussehra rally at Shivaji Park and criticized the current central government. He accused the BJP of failing in various areas and acting against its citizens. Thackeray highlighted issues faced by people in obtaining justice from authorities and urged their right to protest. He expressed that the government's actions have left citizens feeling unjustly treated.

North Koreas leadership succession has come under renewed scrutiny following online rumours about Kim Jong-uns death, which were contradicted by his reported public appearance on October 19, 2026. His daughter Kim Ju-ae has emerged as a potential successor, while his sister Kim Yo-jong remains an influential political figure who could feature in a leadership transition. The report examines the Paektu bloodline, the possibility of female leadership, questions about generational succession and the

Trump and Vance are expected to unveil a new whistleblower initiative aimed at curbing federal fraud. This program encourages citizens to report any suspicious activity related to taxpayer funds, with the potential to earn rewards up to $30,000. However, tips must lead to verifiable prosecutions or plea agreements to qualify.

Zelenskiy and Witkoff clasped one another in a hug as they went into the talks hosted by the leaders of Norway and Finland in Oslo. Trump's son-in-law Jared Kushner was attending remotely. Zelenskiy held talks with Norwegian Prime Minister Jonas Gahr Stoere and Finnish President Alexander Stubb ahead of his meeting with the US delegation.

A civil society organization called for a 48-hour shutdown in Manipur's valley after the killing of three villagers. The shutdown resulted in the closure of various businesses, schools, and public transportation services. Despite protests and roadblocks in Imphal East and Imphal West, no violence has been reported during this period. Authorities arrested three suspects believed to be involved in the killings and recovered weapons.

Russian crude shipments have dropped to a month low due to maintenance work disrupting operations at the Primorsk port. Despite a reduction in Ukrainian attacks on refineries, oil production facilities are still under threat. Notably, shipments to Asia, including significant customers like China and India, are declining, mirrored by a substantial fall in export values, signaling a downturn in demand.

Addressing the 25th meeting of the Council of Heads of Government of the SCO in Dushanbe on Tuesday, Rajnath Singh said that terrorist activities not only result in the loss of innocent lives but also disrupt investments and commerce.

Drought conditions have caused a significant decrease in maize supply, leading to competition among industries for access. Poultry producers, starch manufacturers, and ethanol plants are all vying for limited maize resources, exacerbating the situation. As maize prices continue to rise, the poultry industry has expressed concerns about potential feed shortages. Industry bodies have urged the government to prioritize maize for food production over fuel use.

S Jaishankar met with Sheikh Abdullah bin Zayed Al Nahyan to discuss the concerning situation in West Asia. They discussed potential US actions against Iran and the Houthi attacks in Saudi Arabia. Jaishankar expressed India's commitment to promoting dialogue and diplomacy in the region. The two leaders highlighted the successful Comprehensive Economic Partnership Agreement between India and the UAE.

Congress responded to Kiran Rijiju's comments by questioning the government's plan for the delimitation bill. While other parties have held talks with the government, Congress has not set a date for discussion. Jairam Ramesh emphasized the need for an all-party meeting to address this issue. The party is seeking to clarify whether the government has a new proposal to consider.

Chinese astrologer consider October 21 as destruction day. The energy of this days means anything which was creating obstacles for you or was not working for you will be removed from your path.

The Central Board of Direct Taxes has introduced new disclosure requirements for taxpayers claiming exemptions. Taxpayers will need to provide detailed information on government securities to qualify for these exemptions. Newly inserted Form 173A will require specific data, including securities value and interest earned. Taxpayers are asked to confirm the accuracy of the information they submit. This change aims to enhance transparency and compliance under the Income-Tax Act.

House on the Rock in Wisconsin features an unusual collection of giant installations and mechanical displays. Visitors can explore a notable indoor carousel that showcases intricate craftsmanship and detail without the option to ride. The attraction also includes an Infinity Room that stretches dramatically over the valley, enhancing the viewing experience. Numerous miniature houses and model ships are also part of the extensive collections available to see.

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