The Economic Times

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

Fabindia's managing director William Bissell highlighted the need for continuous relevance to attract customers. The retailer's revenue grew by 6.3% in the latest fiscal year while net profit fell significantly. Changes are being implemented, including expanding into Western wear and revising operations. The company is also reviewing store performance and making necessary adjustments to its outlets. The goal is to become more agile and responsive without losing core values.

India is considering methanol as the primary fuel option for ships to support a green transition. The government plans to implement tax concessions and flexible compliance to encourage this shift. Officials are analyzing various suggestions to enhance the infrastructure and regulatory environment for methanol usage. Work is already in progress to improve local availability and establish refueling facilities.

BioWare games shutdown: EA also said it was restructuring the team behind skateboarding simulation skate. into a smaller, more focused studio

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.

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.

John Barths quote, The story of your life is not your life; its your story, explores how people interpret their experiences and reshape their memories over time. Featured in his 1968 collection Lost in the Funhouse, the quote of the day reflects the American writers fascination with storytelling, self-reflection and the difference between lived experiences and the narratives people create about them.

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.

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.

Tesla recently unveiled their new Roadster, which features innovative thrusters inspired by SpaceX technology. This vehicle can perform aerial stunts, such as jumping and flipping mid-air, while returning to the ground safely. However, many question the practicality of such features for everyday driving situations. The Roadster highlights advancements in automotive technology that seem more suited to entertainment than utility.

The Supreme Court has upheld insolvency proceedings against Gstaad Hotels and Neo Capricorn Plaza. This decision arises while clarifying that disputes over outstanding debt do not prevent corporate insolvency resolution. The National Company Law Tribunal approved resolution plans exceeding the companies' admitted liabilities. Challenges to these proceedings were rejected, emphasizing that historical defaults occurred despite arguments on financial management. The ruling maintains the legality of

The United States continues to finance its national debt more effectively compared to France. While both countries face rising borrowing costs, the US dollar's global status provides crucial advantages. Increased federal interest costs are currently impacting public funding for services in America. France's debt challenges are worsened by political divisions and economic stagnation, which restrict fiscal reforms.

Pakistan won the last edition of the tournament held in Sri Lanka last year, but this time the board has informed the Pakistan Veterans Cricket Association that they are not permitted to travel and play in India.

India's para-athletics team achieved remarkable success on the third day of the Asian Para Games. Athletes won a total of 10 more medals, including three gold medals in various events. Notable performances came from Ayush Verma, Praveen Kumar, and Sachin Khilari, who all won gold. Additionally, four silver and three bronze medals were earned, further elevating India's medal tally.

India Women secured a 92-run victory over Zimbabwe in the final T20 match. They scored 216 runs with significant contributions from Shafali Verma and Harmanpreet Kaur. Zimbabwe struggled in their innings and managed only 124 runs in response. Nandani Sharma's impressive bowling performance helped restrict the opposition significantly. This win solidified India's dominance in the three-match T20 series.

On the second day of the Asian Para Games, Indian para athletes won five gold medals among 14 total medals. Nishad Kumar secured two golds, while Deepthi Jeevanji also claimed gold in the women's 400m T20 event. Simran set a new Games record to earn her first gold medal in women's 200m T12. In men's discus throw combined events, Pranav Soorma and Ram Ratan Singh achieved gold and silver respectively.

Public sector banks have revealed a corporate loan pipeline of approximately 7.8 lakh crore signaling increased credit demand. Companies are stepping up their investment, particularly in sectors like renewable energy and semiconductor manufacturing. Banks report varied corporate credit growth, with some institutions witnessing over 50% increase year-on-year. Mid-sized and large companies are leading the way in capital expenditure, while smaller suppliers are also finding opportunities.

Tiger Shroffs first photos after the firing incident in Mumbais Juhu area have come out, showing the actor with bandages on his arm, shoulder and chest. Maharashtra Deputy Chief Minister Eknath Shinde visited his residence and said Tiger suffered injuries from gunpowder and glass shards. Police are investigating the incident, while an alleged claim of taking responsibility for this firing has been circulating on social media but remains unverified.

Fairfax Financial's subsidiary has acquired a 60.7% stake in IDBI Bank for 52,878 crore, leading to potential operational changes. The new management faces challenges such as employee resistance and asset quality improvement. Despite having a higher profitability compared to peers, IDBI Bank's gross non-performing asset ratio remains concerning. The bank's success will rely on its ability to enhance asset quality while maintaining earnings growth.

D Subbarao advocates for allowing the rupee to find its level based on economic fundamentals. He criticizes costly short-term measures that do not address structural issues behind capital outflows. The rupee's recent recovery followed the Reserve Bank of India's measures to reduce dollar demand. Subbarao highlights the importance of tax reforms to attract foreign investment in India.

Established non-fiction shows such as Bigg Boss and Kaun Banega Crorepati have continued to attract advertisers despite the blackout. Bigg Boss has roped in 95 sponsors across its language editions, while KBC has secured 25 sponsors. Cricket is also drawing advertiser interest, with India matches providing an opportunity to reach large audiences in a second half of the year largely devoid of marquee events such as the IPL or ICC tournaments. The India-West Indies series has drawn a strong respon

In the second quarter, leading private sector banks in India reported a drop in net interest margins. This decline was primarily caused by the costs associated with foreign currency non-resident deposits. Analysts noted that the leveraged nature of these deposits significantly impacted profitability. Additionally, banks faced pressure from faster repricing of assets as interest rates declined.

The Indian government is engaging in discussions about measuring Scope 3 emissions for exporters. This consideration arises as trade partners impose tighter green requirements globally. Current frameworks focus on direct emissions and exclude indirect ones, making compliance more complex. As a result, industries, especially MSMEs, may face compliance burdens if new requirements are implemented. Ultimately, the aim is to ensure that Indian exporters remain competitive in international markets.

Anup Bagchi is set to take charge as MD and CEO of HDFC Bank starting October 27. He is currently familiarizing himself with the bank's balance sheet and profitability structure. Bagchi aims to engage with regulators, customers, and stakeholders to gather insights before implementing changes. His focus is on understanding the organization's operations rather than rushing into strategic alterations.

ED's investigation centres on allegations that CMRL paid Exalogic Rs 2.78 crore under the guise of IT consultancy and related services despite allegedly receiving no corresponding services. The agency has alleged that the payments formed part of a wider arrangement involving illegal gratification to Vijayan during his tenure as chief minister. The allegations have not been established in court.

India's government has clarified that it will not regulate ticket prices for airlines under new rules. The new air fare regulations will allow the government to set limits during extraordinary situations like natural calamities. Airlines will need to get their fares approved by the Directorate General of Civil Aviation a month in advance. Recent data indicates that average airfares this festive season have increased significantly due to higher fuel costs.

Jammu and Kashmir Police has registered a case against the wife of an Army officer. She is accused of sharing sensitive information with foreign intelligence operatives. Sources indicate that she unknowingly engaged with individuals linked to China. The investigation is focused on the degree of information exchanged during her research activities. The accused has not yet been arrested, and the inquiry is ongoing.

Karan Veer Mehra recalls the moments after gunmen opened fire at Tiger Shroffs car in Mumbais Juhu area, revealing that his vehicle was right behind the actors. The Bigg Boss 18 winner described hearing gunshots, initially mistaking them for firecrackers and later seeing blood at the scene. While Shroff escaped unhurt, his driver and another person were injured.

Opener Shafali Verma scored 55 runs in just 25 balls to lead India to victory over Zimbabwe. After choosing to bat first, Zimbabwe struggled and managed to score only 102 runs in their innings. India's bowlers performed well, restricting the opposition and taking key wickets at crucial moments. Shafali and Smriti Mandhana had a partnership of 96 runs for the first wicket, making the chase easier.

Anand Mahindra recently reflected on his trips to Rishikesh in the early days of filmmaking, remembering Bankhandi Baba and meals at the Chotiwala restaurant. Responding to the transformation of the holy city, which features new riverfront promenades and improved public areas, he voiced optimism that modernisation would maintain Rishikeshs spiritual allure and cultural essence.

In the heart of Galicia lies A Barca, a deserted village now available for just 0. While its enchanting stone houses whisper tales of history, the reality is that significant funds perhaps over 2 million are needed for restoration and essential infrastructure upgrades. The future hangs in the balance as the town looks for an investor willing to invest in reviving this lost gem.

The Para Asian Games opening ceremony featured the Indian contingent wearing ceremonial blazers reflecting 5,000 years of heritage. Athletes Simran Sharma and Pramod Bhagat led the team while proudly carrying the national flag. The blazers incorporated motifs from the Indus Valley civilization and highlighted the historical significance of SaptSindhu. India has fielded a 281-member contingent to compete across various disciplines in the Games.

Travel vlogger Debajit Das has praised the Vande Bharat Sleeper train after travelling from Howrah to Kamakhya, comparing its facilities to a five-star property. In his Instagram review, he highlighted the spacious, clean washroom, premium seating and onboard meals, while revealing that his AC 3 Tier ticket cost Rs 2,450.

Former Chorbagan Sarbojanin Durga Puja Committee general secretary Jayanta Banerjee has expressed anguish over the stampede that killed 19 people in north Kolkata, saying this year's shift in the idol's position went against long-followed community practices. He said he had repeatedly cautioned organisers against the change but did not link it to the tragedy.

Delhi Police successfully intervened to stop significant financial losses from digital arrest scams in various states. The Financial Monitoring Cell traced suspicious transactions and contacted victims to prevent further payments. Several elderly people were targeted, with some initially transferring large sums of money out of fear. Intervention efforts included counseling and assisting victims in filing complaints with local cybercrime helplines.

Namo Bharat's premium coach ridership has tripled to nearly 6,000 passengers daily from around 2,000 before the full corridor opened. Offering reclining seats, separate lounge access and additional amenities, the premium service charges about 20% more than standard coaches, with commuters citing seat availability and comfort during peak-hour journeys.