The Economic Times

Mumbai's Pratibha building, where legendary singer Lata Mangeshkar owned a flat, became infamous after a 1984 construction scam involving an inflated plot-area declaration. Eight illegal floors were demolished in the 1990s, and the remaining structure was razed in 2019. A 179.4-metre, 33-floor skyscraper is now planned for the site.

India imported $44.9 billion of Russian goods during the period, including $36 billion in crude oil. Indian exports to Russia totaled $2.8 billion, with Moscow increasing purchases of chemicals, electrical goods, medical equipment, seafood, tea, and spices.

Indian IT stocks fell amid reports that Anthropic, the maker of Claude, is preparing for an IPO that could value it at around $1.5 trillion. While the listing would open up investment opportunities in a leading AI developer, rising infrastructure costs, mounting losses and concerns over growth sustainability remain key risks.

Polls have opened across Israel, with more than 7.3 million eligible voters set to choose their representatives amid a heated contest over Prime Minister Benjamin Netanyahus leadership. Opposition leaders, including Gadi Eisenkot, Avigdor Liberman and Yair Golan, have called for a change of government and accountability for the October 7, 2023, Hamas attack. Netanyahu, meanwhile, has urged voters to back his Likud party, warning against an opposition-led government.

Sigma Advanced Systems shares rallied after the defence manufacturer secured a Rs 973-crore order from a NATO customer for Base Bleed Units used in 155 mm artillery ammunition. The contract strengthens its push towards vertical integration and expanded manufacturing capabilities.

Small cap mutual funds have proven to be the top performers in the market, offering impressive returns as high as 16%. The Bank of India Small Cap Fund took the lead with a notable return of 15.51%. However, investment experts emphasize a cautious approach to valuations, despite an optimistic long-term outlook for small caps.

Ather Energy shares extended their rally on Tuesday after the electric two-wheeler maker reported its first quarterly profit of Rs 1.26 crore in Q2 FY27. Revenue surged 63% year-on-year to Rs 1,464 crore, while EBITDA turned positive. Nomura raised its target price to Rs 2,070 and retained its Buy rating.

Jio Platforms is gearing up for a groundbreaking debut on October 28, following a remarkable Rs 30,188 crore IPO. Historical insights indicate a varied trajectory for past mega IPOs in India. The overwhelming demand is evident from Jio's impressive 22.19 times oversubscription. Analysts are weighing Jio's market dynamics and valuation as they predict potential listing advantages, with investor strategies hinging on both immediate valuations and sustained business growth.

In Maharashtra, the countrys largest sugar-producing state, close to 87 mills have commenced operations. More mills are expected to start in the coming week as cane harvesting gathers pace.

India is making progress on free trade agreements (FTAs) with several countries, with negotiations with Chile nearing conclusion and talks with Canada advancing, Commerce and Industry Minister Piyush Goyal has said. Discussions with the Southern African Customs Union have recently begun, while efforts to expand trade arrangements with Mercosur continue. Talks with the Gulf Cooperation Council and Israel remain slow amid the West Asia crisis.

An Indian office boy based in Bahrain is among four Indian expatriates who have each won a 200-gram, 24-carat gold bar in Abu Dhabis Big Ticket October e-draw. Aruna Krishnappa Kidiyoor, Jijoy Viswan, Sadathulla Sharief and Manisha Harshal Kasat are the winners. Here is what they plan to do with their prizes, how much the gold bars are worth and how eligible participants can buy Big Ticket tickets from India.

Students at Jamia Millia Islamia remain on the 16th day of protests demanding their student union elections. The university announced elections will occur within 15 days after approving the constitution. Protesting students insist on a defined timeline for the constitution's approval and election dates. Various alumni and student organizations express solidarity with the protesters and urge for dialogue.

The Indian stock market nudged upward on Tuesday, with Sensex and Nifty making modest gains despite lingering challenges. Investors remained cautious due to high oil prices, which are currently at $115 per barrel. However, a notable surge in smallcap stocks is enhancing investor confidence. Analysts attribute this positive momentum to better corporate fundamentals and increased domestic fund inflows.

India flags UNSC veto misuse, calls for restraint by Permanent Members

The backlash against Kylian Mbappe has escalated as two prominent Chinese companies, Dongpeng and Mengniu, have severed their partnerships with him. This reaction comes in response to his remarks about Mao Zedong, which surfaced in a viral video that sparked outrage among Chinese internet users.

Anthropics planned IPO is set to test public-market appetite for artificial intelligence companies. Backed by Amazon, Google, leading venture capital firms, global institutions and prominent individual investors, the Claude maker has seen its valuation surge through successive funding rounds.

Wheat sowing in India has reached 11,000 hectares as of October 23, against 27,000 hectares a year earlier, as a deficient southwest monsoon raises concerns over soil moisture and irrigation availability. Punjab and Rajasthan face particular risks, while overall rabi crop coverage has also fallen, Agriculture Ministry data showed.

Defence Minister Rajnath Singh has departed for Cebu, Philippines, to attend the 13th ASEAN Defence Ministers' Meeting-Plus. He will address regional and international security topics during the event on October 28 and 29. Singh plans to hold bilateral discussions with defence ministers from various countries to enhance strategic partnerships. India remains committed to ASEAN centrality and security in the Indo-Pacific region under the Act East Policy.

The Congress intensified its criticism of the Modi government regarding the alleged theft of Ram temple donations. Congress leaders seek transparency and accountability, emphasizing that faith does not justify evading responsibility. They question the investigation process and warn about the mishandling of funds, urging an independent probe under the Supreme Court's supervision. Allegations also include improper audits and missing receipts for significant donations made by devotees.

Brahma Muhurta is not just a spiritual tradition. From cortisol regulation and better air quality to improved memory and disease prevention, waking up 96 minutes before sunrise has measurable health benefits backed by both Ayurvedic texts and peer reviewed research. It is one of the oldest wellness habits India has.

Gold and silver prices fell on the MCX as a stronger US dollar weighed on bullion, with investors awaiting the Federal Reserves policy decision on Wednesday and US PCE inflation data on Thursday. Although the Fed is widely expected to hold rates steady, persistent inflation concerns have raised questions about the outlook for monetary policy.

The incident occurred on Monday due to a technical glitch in the pulley system at the Kumardihi A underground mine of Eastern Coalfields Ltd, a subsidiary of state-run Coal India Ltd.

US President Donald Trump and Secretary of State Marco Rubio plan to visit Port Arthur, Texas, on Tuesday to showcase a tanker carrying Venezuelan crude for processing at Texas refineries. The visit coincides with Trump's midterm campaigning in Texas and marks Rubio's first reported campaign trail outing with the president.

Aequs shares fell sharply on Tuesday after the aerospace manufacturers Q2 FY27 net loss more than doubled to Rs 52 crore. Revenue rose 45% year-on-year, but EBITDA fell 45% and margins narrowed. Brokerages flagged weakness in the consumer business and delayed breakeven expectations, even as the aerospace order book remained strong.

EAAA India Alternatives Rs 1,200-crore IPO entered its second day with 11% subscription on Day 1 and a grey market premium of around 1%. The offer is entirely an offer for sale. FY26 income rose 23% to Rs 964 crore, while profit increased 15% to Rs 265 crore, reflecting financial growth.

The artificial intelligence industry has attracted significant investments, reaching unprecedented valuation levels amid concerns. Discussions among technology founders revealed a gap between AI spending and revenue generated. Experts highlighted the need for improved computing infrastructure to support AI growth in India. There are opportunities for AI businesses to develop globally competitive models addressing local needs. The future economic benefits of AI must match substantial investments

Wiscon Industries Rs 110-crore IPO opened on October 27 and will close on October 29. The BSE SME issue, priced at Rs 194204 per share, includes a fresh issue and an offer for sale. Proceeds will support machinery purchases, working capital, marketing and other corporate expenses.

Microsoft has introduced a voluntary exit offer for eligible employees in India, the US, the UK and Canada, covering around 60,000 workers globally. The programme offers financial support and career transition services, but India's share remains unclear. The announcement comes amid US scrutiny of Microsoft's foreign-worker visa practices.

The Iran war, which Trump often describes as a little detour, has emerged as an unforced liability for the president, who once promised to keep the U.S. out of foreign wars. Republican strategists privately acknowledge that the war is severely damaging the party's push to retain control of Congress for the final two years of Trump's presidency.

India's largest corporations are experiencing a notable drop in foreign institutional investor stakes, raising concerns about their growth trajectory. This trend has adversely affected numerous large-cap stocks over recent months. Analysts suggest a shift in focus towards emerging sectors is critical for revitalizing foreign investments, as many companies now appear more like consistent cash flow generators than true growth catalysts.

Private banks delivered mixed Q2 FY27 earnings, prompting analysts to identify lenders with attractive valuations and flag those investors may want to avoid. HDFC Bank reported a 5% YoY rise in net profit to Rs 19,510 crore, largely in line with expectations, but its shares have fallen 6% since the results.

Jio Platforms' recent IPO generated considerable public enthusiasm, showcasing a notable appetite for large-scale offerings among investors. This wave of interest could prompt other firms to accelerate their IPO plans. Experts suggest that the viability of future IPOs will hinge on prevailing market trends and investor mood. Additionally, the significant funds from Jio's IPO will soon be redirected into various investment avenues, potentially bolstering upcoming offerings and shaping pricing str

Cyclone Arnab landfall: The IMD expects the very severe cyclonic storm to cross the Andhra Pradesh-Yanam coast between Bapatla and Visakhapatnam, near Yanam, by the forenoon of October 28. Winds could reach 125 kmph, with gusts up to 140 kmph. Odisha is preparing for evacuations, while Uttar Pradesh has issued weather-related precautionary guidelines.

IND vs NZ 3rd T20I live streaming: India will face New Zealand in the third T20I on October 27, 2026, at Hnry Stadium in Wellington. The match is scheduled to begin at 12:30 PM IST, with the toss at 12 PM. Check where to watch IND vs NZ live streaming in India, the TV telecast details, online streaming options and how to watch the match for free on DD Sports through DD Free Dish.

Mochatrade has raised $5.5 million in funding to enhance its trading platform for Indian users. The platform allows users to trade US stocks without needing a US brokerage account. It also permits Indian traders to manage funds in rupees, simplifying the entire trading experience. Future plans include introducing contracts linked to pre-IPO companies and other features.

South Korean shares surged 4.39% as AI investment optimism, strong semiconductor demand and better-than-expected third-quarter economic growth boosted investor sentiment. Samsung Electronics and SK Hynix led gains, while foreign investors purchased shares worth 597.3 billion won. The Korean won strengthened slightly, reflecting positive market momentum and improving confidence in technology-driven growth prospects.

Paytm shares rose after the fintech major reported a 976% year-on-year jump in Q2 net profit and 28% revenue growth. Jefferies, Goldman Sachs and Citi retained Buy ratings, with target prices pointing to potential upside.

Tata Consumer Products reported 16% year-on-year profit growth in Q2FY27, while brokerages retained positive ratings but cut target prices amid inflationary pressures. Jefferies, Nuvama, Elara Capital and Systematix see varying upside potential in the stock.

Coven Academy has been renewed for Season 2 on Disney+ and Hulu after attracting 20.3 million global viewing hours in its first three weeks. According to Deadline, the supernatural teen drama also garnered over 30 million social media views. Set in New Orleans, the series follows three teenage witches at an elite magic boarding school.

Tamil Nadus state-run TASMAC will make digital payments mandatory for liquor purchases exceeding Rs 1,000 from November 1. Customers can pay through UPI, debit cards or credit cards, while cash payments will remain an option for purchases within the limit. The move aims to improve transaction transparency, address complaints of overcharging above the maximum retail price (MRP) and reduce risks associated with handling cash across the states 4,048 liquor outlets.

Jay-Z has been announced as the performer for the upcoming 2027 Apple Music Super Bowl LXI Halftime Show. The announcement was made during an ESPN broadcast featuring the Philadelphia Eagles and Dallas Cowboys. NFL Commissioner Roger Goodell also highlighted the excitement of having Jay-Z perform at the event.

BLS Polymers Rs 255-crore IPO opened for subscription on October 27 and will close on October 29. The issue, priced at Rs 142150 per share, commanded a 27% grey market premium. The company plans to use the proceeds for manufacturing expansion, working capital and general corporate purposes.

Indias Defence Acquisition Council approved defence procurement proposals worth Rs 2.12 lakh crore, with 82% expected from domestic industry. The clearances cover helicopters, drones, air-defence systems, artillery and naval platforms, supporting military modernisation. Defence stocks may gain investor attention, while indigenous manufacturing, rising capital expenditure and policy support strengthen long-term sector growth prospects.

Ind vs NZ 3rd T20 Wellington Weather Update: India will take on New Zealand in the third T20I at Hnry Stadium in Wellington on October 27, 2026, looking to secure the five-match series with a third consecutive victory. Check the predicted playing 11 for both teams, pitch report, Wellington weather forecast, toss prediction and key players to watch. New Zealand will aim to bounce back despite concerns over their pace attack, while India will look to maintain their winning momentum and improve the

Clean-label snacking brand Troovy has raised Rs 100 crore in a funding round led by Fireside Ventures and Sharrp Ventures, more than double the Rs 45.8 crore it secured in January. Founded in 2021, the company plans to use the fresh capital to expand research and development, manufacturing capacity and distribution across quick-commerce and offline channels. The fundraise comes amid growing demand for healthier snacks and proposed front-of-pack nutrition labelling rules in India.

Olympic medallist Mirabai Chanu will spearhead India's campaign at the 2026 World Weightlifting Championships, scheduled to take place at the Ningbo Olympic Sports Centre in China from October 27 to November 8.

Saudi Arabia has reportedly offered USD 1 billion to Yemens Houthi group through an Iran-brokered arrangement to secure a ceasefire and halt attacks on the kingdom, according to Israeli media reports citing Gulf diplomatic sources. Saudi Defence Minister Prince Khalid bin Salman reportedly travelled to Tehran for talks involving Iranian and regional officials. However, the alleged financial transfer has not been independently confirmed, and a Saudi official did not confirm that any money had bee