The Economic Times

Given the current market dynamics, investors are encouraged to reassess their asset allocation strategies. The evolving US AI landscape combined with heightened geopolitical tensions presents challenges to global markets. While the short-term earnings outlook is promising, the future growth trajectory will largely depend on how the US AI cycle evolves. Gold continues to be a recommended investment choice, yet caution is advised regarding international investments.

Yemen's government has launched a military operation against the Iran-backed Houthi rebels near Taiz city. An Israeli airstrike in Gaza killed one Palestinian while wounding several others, amid an increase in such strikes. The Houthis have reportedly targeted Saudi oil facilities in recent conflicts, claiming significant strikes. Meanwhile, Iran has expressed openness to diplomatic solutions to ongoing tensions. The situation remains volatile as regional conflicts continue to escalate.

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Accenture's latest financial performance has sparked renewed optimism among investors in the Indian IT sector. The strong results hint at a revival in client discretionary spending. Analysts underscore the need for Indian IT firms to enhance their artificial intelligence capabilities to successfully tackle upcoming challenges. Accenture's forecast suggests improved market conditions and steady margins, painting a picture of a resilient industry.

The Indian stock market is facing notable turmoil, with a pronounced selloff impacting major players like Tata Motors and Infosys. Currently, a staggering 84% of Nifty 50 stocks are underperforming their 200-day moving averages. In contrast, smaller stocks are showing notable strength, as many in the Nifty 500 outstrip established blue-chip firms.

Taylor Swift-Travis Kelce wedding: Paul McCartney confirmed he performed his group's 1963 track I Want to Hold Your Hand after the Shake It Off hitmaker tied the knot with Travis Kelce at New York's Madison Square Garden in July.

India is set to implement significant reforms to the goods and services tax system, which will ease compliance. Changes may include the release of accumulated input tax credit that benefits various industries and supports growth. The GST Council plans to reconsider tax treatment for certain supplier defaults to protect genuine buyers.

In September, Foreign Portfolio Investors actively participated in the Indian primary market by investing $1 billion. Simultaneously, they offloaded $4.8 billion worth of equities from the secondary market. A total of 96 IPOs have launched in 2026, with 34 occurring in September alone. The expected future launch of the Jio Platforms IPO may influence upcoming primary market dynamics.

Brazil elections results 2026: If no presidential candidate -- Flavio Bolsonaro and Luiz Inacio Lula da Silva -- secures more than 50 per cent of valid votes, the top two candidates will advance to a run-off on October 25, according to multiple reports.

On Monday, the Reserve Bank of India's Monetary Policy Committee will hold important meetings. Analysts are anticipating a 25 basis points increase in the key interest rate, raising it to 5.50%. The surge in inflation is attributed to elevated crude oil costs and subpar agricultural production. Many economists advocate for a rate hike as a crucial measure to tackle ongoing inflation issues, with outcomes to be revealed on October 7.

Plague outbreak was particularly deadly for the young, judging from the burial sites, and attributed this to genetic traits in these strains that no longer are present in today's iteration of the pathogen.

The Goods and Services Tax Council meeting is set to discuss proposals benefitting small ecommerce sellers. If approved, these sellers could operate nationwide with one registered address rather than multiple. This would allow online sellers to utilize warehouse locations for registration. Additionally, the council will address the ambiguities regarding tax liability for services booked through ecommerce platforms. Changes aim to standardize tax collections and reporting requirements for all pla

India's economic growth remains strong, with foreign direct investment continuing to show promising figures. Arvind Panagariya emphasizes the need for deeper trade liberalization, increased privatization, and judicial reforms. He highlights the importance of attracting long-term productive investments, especially from private equity. Trade agreements with the UK and European Union are expected to further bolster India's economy.

Max Verstappen achieved his first victory of the season at the Bahrain Grand Prix in Malaysia. A retirement of George Russell during the race significantly benefited Kimi Antonelli in the championship standings. Antonelli's lead over Russell increased as a result of this retirement, putting him in a strong position. Verstappen expressed relief after overcoming a challenging start to the year with his Red Bull team.

The Aichi-Nagoya Asian Games ended with a vibrant closing ceremony attended by athletes from 45 countries. India secured fourth place with a total of 85 medals, including 21 gold medals. China topped the medal table, followed by Japan and South Korea, showcasing the competitive spirit. The Olympic Council of Asia President declared the Games closed, emphasizing the significance of the event for Asian sports.

After the pandemic, former HGV driver Lee Bodell made a life-changing decision to travel globally with his family. Moving from a career-focused routine to embracing remote work and family adventures, they sold their house for 330,000. With an online business funding their travels, they've explored several European countries and aim to journey into Southeast Asia, hoping to settle abroad after their expeditious travels.

A committee from the Mecca defence pact involving Turkey, Saudi Arabia, and Pakistan will meet in Riyadh. Turkish officials attending include the Foreign Minister, Defence Minister, and Chief of General Staff. The meeting will address recent regional developments and plans for the alliance's institutionalisation. Additionally, discussions will consider Iran's suggestion for political engagement with Yemen's Houthis. This strategic meeting aims to reinforce collaborative efforts to stabilize the

Iraq's Oil Tankers Company has recently arranged for a Very Large Crude Carrier to transport oil. This shipment of 2 million barrels is significant as it travels beyond the Strait of Hormuz. Previously, buyers handled shipping from Basra in the Persian Gulf, but now the company is managing exports. This change aims to offer better access to refiners cautious about the strait.

A Flydubai flight headed for Israel was nearly compromised when an Omani co-pilot, previously banned from flying due to extremist views, attempted to seize control of the aircraft. UAE authorities are investigating significant security lapses, including how the co-pilot managed to operate the flight without prior detection or warning from Israeli security agencies.

The new GST framework in India aims to streamline compliance processes while lowering tax rates, contributing to enhanced economic stability. This initiative promises to improve taxpayer satisfaction and bolster revenue generation, encouraging growth across multiple industries. Early data shows a notable increase in taxable supplies after these reforms, positively impacting both businesses and consumers, with small and medium enterprises particularly benefiting from a cohesive national market.

FlyDubai co-pilot Hamam al-Hammami was involved in an attempted violent act during a flight, raising significant concerns. Previously employed in Oman, he was debarred due to his extremist online activities. Omani by nationality, al-Hammami lived outside of Oman for most of his life. Australian authorities are investigating his background, particularly his studies in Australia from 2015 to 2017. The UAE attorney general confirmed the attempted act was terrorist in nature.

External Affairs Minister S. Jaishankar emphasized the changing nature of global politics at the Munich Security Conference. He noted that the US has become a lonelier power due to its repositioning and China's emergence. Jaishankar highlighted the importance of India-Russia ties amid these developments, mentioning defense and economic collaboration. He also pointed out the need for cooperation among emerging powers while maintaining relations with the US and China.

A special NIA court in Kashmir acquitted Asif Bashir Khan of charges related to a grenade blast. The court found that the prosecution failed to prove the accusations against him beyond reasonable doubt. It stated that suspicion alone does not justify a conviction in serious terrorism cases. The judge noted that evidence presented was legally invalid and uncorroborated by independent witnesses.

Justice Ujjal Bhuyan expressed concerns about disenfranchising millions of citizens without voting rights. He stated such actions are intrinsically arbitrary and undermine constitutional values. His statements were made during the NALSAR BRS Moot Court Competition. This comes amid scrutiny of the Election Commission of India, particularly regarding the Special Intensive Revision of electoral rolls. The Supreme Court recently upheld the ECI's process, affirming its constitutional validity.

To counter Congress's allegations, the BJP has nominated Dinesh Arya, a candidate from Haldwani, for the Rajya Sabha seat in Uttarakhand, targeting Dalit voters. Meanwhile, in West Bengal, the party has announced the selection of actress Rukmini Mallick following her exit from TMC. These nominations reveal BJP's tactical efforts to strengthen its position in regional politics before the elections.

Janhvi Kapoor home tour: The actor's Mumbai home showcases her connection to the Kapoor family and her personal style. The duplex features modern interiors, elegant living spaces, and personal family touches throughout. Spacious areas and large windows bring in natural light while offering views of Mumbai. Outdoor spaces include a private garden and swimming pool for relaxation and gatherings. The home captures a balance between luxurious living and comfortable family moments.

Law and order conditions in Bangladesh are worsening eight months into Tareque Rahman's tenure as prime minister. Incidents of people taking the law into their own hands are rising, affecting vulnerable individuals and properties. Recent reports indicate a surge in vandalism, property takeovers, and attacks reminiscent of previous BNP rule. The economy is struggling amid supply chain challenges, with government leaders not currently seeking stronger economic ties with India.

A Hackney landlord has received a hefty 30,000 fine due to neglecting critical fire safety measures. The recent implementation of the Renters Rights Act by Hackney Council has added requirements aimed at protecting tenants, such as restricting evictions without sufficient cause and capping rent hikes to once annually. Mayor Zo Garbett stressed the need for secure living environments and urges tenants to report non-compliant landlords.

Gujarat has announced a scheme to relocate Maldhari families from the Barda Wildlife Sanctuary. The scheme provides a one-time payment of Rs 15 lakh for families willing to move. Relocating families will receive a 100-square-yard housing plot and additional land for livestock. This initiative aims to create more space for Asiatic lions and reduce pressure on Gir National Park.

In a noteworthy decision, the Income Tax Appellate Tribunal has exempted Fireeye, an Irish company, from capital gains tax on an indirect transfer, setting it apart from a recent Supreme Court ruling involving Tiger Global. This ruling has stirred discussions about the effectiveness of tax residency certificates for foreign investors.

Maharashtra's Opposition parties staged a protest in Mumbai, demanding the resignation of Chief Election Commissioner Gyanesh Kumar. They claimed the Election Commission is rigging the electoral process to favor the BJP. The leaders voiced concerns about the removal of millions of voters during the State Identification Registration exercise. BJP representatives countered by highlighting previous demands for removing duplicate names from electoral rolls.

With global financial risks in the spotlight, the Reserve Bank of India is indicating a shift towards higher interest rates. Governor Sanjay Malhotra has highlighted emerging challenges, including significant global debt levels and surging asset prices. The rise in US treasury yields and crude oil costs suggests trials ahead for the Indian economy.

California-based think tank said there will be more demand for natural gas for electricity because the administration is canceling new wind, solar and hydrogen projects and there will be more gasoline demand for transportation because Trump and Congress are revoking policies that incentivized efficient and lower-emissions vehicles. Higher demand increases prices.

Carcasses have been washing ashore around the gulf city of Puerto Madryn, including near the central waterfront where they alarm residents and tourists.

Uttar Pradesh Congress in-charge Rajendra Pal Gautam said the party should receive equal respect and an equal share in seat-sharing talks for the 2027 Assembly polls. He said Congress was preparing across all 403 constituencies and wanted the alliance arrangement finalised in October to give candidates adequate time to campaign.

The Ambassador's statement came in response to a special prayer gathering organised at the BAPS Hindu Mandir in Abu Dhabi, where priests and devotees assembled to honour Captain Machchhar's heroic actions during the cockpit attack by his co-pilot on the flydubai flight from Dubai to Tel Aviv.

BJP leaders lambasted Congress president Mallikarjun Kharge for labeling Prime Minister Narendra Modi as illegal. Kharge's call for fresh elections highlighted his belief that the current polls lack authenticity, advocating for a return to the traditional ballot papers. Union Minister Kiren Rijiju and BJP spokesperson Sudhanshu Trivedi demanded an apology from Kharge, challenging the legitimacy of his own election due to Congress's controversial past elections.

In a shocking incident, a female researcher from the Irkutsk Anti-Plague Institute has died due to severe pneumonia of unknown cause. Close to 200 people who could have been exposed are being carefully observed by health officials. It appears she accidently broke a test tube filled with live plague bacteria while working on experiments.

Ukraine is ready for a proposed trilateral meeting with the US and Russia at the technical level by the end of October, President Volodymyr Zelenskyy said. The announcement came after fresh Russian drone and missile attacks across Ukraine, while India said it was separately engaging Moscow and Kyiv on issues including Black Sea shipping and exports.

Georgia shooting: A shooting occurred early Sunday at a homecoming block party in Vienna, Georgia, injuring up to 35 individuals. The gunfire led to the deaths of two men, aged 20 and 23, whose identities are not yet disclosed. Dooly County Sheriffs Office deputies were present during the incident as part of their patrols.

Iran's Oil Minister Mohsen Paknejad has resigned, with NIOC chief Hamid Bovard set to serve as acting minister.

Ankita Lokhande and Vicky Jains reported Rs 50 crore 8BHK Mumbai home offers a glimpse into their lavish lifestyle, with elegant white interiors, a pool table, dramatic red-and-gold room, spacious walk-in wardrobes, greenery-filled balconies and a beautifully decorated puja room.

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External Affairs Minister S Jaishankar said India's non-signatory status under the NPT gives it a different position from Iran, which is an NPT signatory, while stressing that India's immediate concern is the impact of the West Asia conflict on energy and trade. He called for restoring uninterrupted supply and trade flows.

Tom Cruise's latest film Digger may be one of the biggest flops of Hollywood, according to reports. However, the actor insists that he is proud of the film which was directed by Alejandro Gonzalez Inarritu who previously made Leonardo DiCaprio-starrer The Revenant in 2015.

Quote of the day by Kate Hudson: Actress Kate Hudson calls unmindful sugar intake he worst thing, but she refuses to give up her favorite treats. Instead of extreme elimination, her approach centers on conscious awareness and moderation, a strategy that aligns closely with global dietary guidelines for heart health and diabetes prevention.