The Economic Times

Nine people died after a Learjet 60 crashed in Florida while travelling from Austin, Texas, to the Bahamas. Here's what is known about the victims, flight details and ongoing investigation.

Cyclone Murasu was located around 200 km east-northeast of Chennai at 5:30 am on November 2, as it moved towards the Andhra Pradesh coast. The IMD has forecast landfall between Nellore and Narsapur, near Ongole, from late Monday night into Tuesday morning, with winds reaching 110 kmph and gusts up to 120 kmph.

China is tightening export controls on tunnel-boring machines and other specialised construction equipment, raising concerns that the restrictions could disrupt India's infrastructure projects, particularly along the disputed Himalayan border.

Polls show Democrats gaining strength in key Senate races ahead of the November 3 midterm elections. The New York Times/Siena University surveys indicate leads for Democrats in Texas, Kansas, Maine, and Ohio. Voter dissatisfaction with President Trump and economic concerns are influencing these trends. Overall, Democrats need to flip at least four Republican-held seats for control of the Senate. Final voter decisions will greatly impact these midterm election outcomes.

Odisha's Chief Minister Mohan Charan Majhi has unveiled a comprehensive relief strategy for families ravaged by Cyclone Arnab. Affected households will receive 50 kg of rice and Rs 2,500 in financial aid. The assistance framework includes compensation for losses in crops, property, and housing, alongside support for small businesses and street vendors, reflecting the government's commitment to restore community stability in the wake of the cyclone.

Shah Rukh Khan Net Worth on Birthday: Shah Rukh Khan's, also known as King Khan, turns 61 on his birthday today Novermber 2. Shah Rukh Khan's wealth extends beyond Bollywood. From Red Chillies Entertainment and Kolkata Knight Riders to brand endorsements, international cricket and investments, here's how the actor has built his business empire.

Around 20 National Conference (NC) MLAs are seeking changes in the party structure and the removal of some office-bearers, triggering an internal crisis following Chief Minister Omar Abdullahs recent cabinet expansion. Senior MLA Abdul Majid Larmi said the party needs a cleansing process to remove people who have hijacked it, adding that the move is aimed at strengthening the organisation and is not a rebellion.

BJP national president Nitin Nabin will lead major marches in Bihar and West Bengal on Monday. This is part of the party's ongoing 'Loktantra Bachao, Arajakta Hatao' campaign against the opposition's claims. Nabin's marches aim to counter alleged misinformation and anarchy disseminated by the opposition bloc. The BJP believes that every party worker will help clarify the opposition's false narratives.

The Winter Action Plan kicked off successfully in Delhi, with enforcement teams collecting fines of Rs 68.4 lakh on day one. A total of 14,930 vehicles underwent inspection, with 1,539 turned back and 566 challans issued for pollution discrepancies. In their efforts to mitigate dust pollution, officials examined 300 construction sites, resulting in Rs 9.8 lakh levied for infractions.

Delhi is facing poor air quality with the Air Quality Index ranging from hazardous to severe. Several areas, including Akshardham Temple and ITO, recorded AQI values in the 'Very Poor' category. Enforcement teams are actively checking vehicles and inspecting construction sites to mitigate pollution. The Delhi Traffic Police have intensified restrictions under the Graded Response Action Plan to control the situation.

The Centre appears on track to meet the fiscal deficit target set for FY27. Strong corporate tax collections are offsetting some revenue pressures observed in the first half of the fiscal year. The government's fiscal position improved significantly in September compared to August, aided by higher direct tax revenues. Focused expenditure reallocation will be crucial in achieving the deficit goals.

China's central bank has implemented a major alteration to its monetary policy by establishing an overnight lending rate, which injects substantial liquidity into the banking sector. This initiative seeks to alleviate costs for financial entities and stimulate economic growth in light of increased credit risks. Experts estimate this change could lower interest rates by 15 basis points, thereby maintaining profitability among financial institutions.

Iran's Islamic Revolutionary Guard Corps reported that two oil tankers exploded in the Strait of Hormuz after striking naval mines. Both vessels allegedly ignored warnings about using restricted routes and had switched off their navigation systems. The UK Maritime Trade Operations issued a warning about an incident in the same area involving a merchant vessel.

In the Nifty500 pack, six stocks' closing prices crossed above their 200-day moving averages (DMA) on October 30, 2026, according to StockEdge's technical scan data. The 200-day moving average (DMA) is used by traders as a key indicator for determining the overall trend of a stock. As long as a stock's price remains above its 200-day moving average on the daily timeframe, it is generally interpreted as being in an overall uptrend.

Indian stocks are expected to recover in the financial year due to strong earnings and economic growth. The Nifty 50 index has decreased significantly after years of gains, partly due to global issues. The fund manager emphasizes that foreign fund outflows do not indicate a decline in India's growth prospects. Certain sectors like AI, energy, and domestic manufacturing are highlighted for potential investment.

Gold prices experienced a minor uptick in early trading across Asia; however, they linger near a one-year low. Persistent worries about inflation are bolstering expectations for an impending Federal Reserve rate increase this year. The recent drop in tech stocks has placed additional strain on bullion prices, prompting a sell-off in safe-haven investments. Buyers in major Asian markets, especially India and China, remain hesitant amid expectations of further price declines.

Oil prices witnessed a decline of more than 1% as Iranian and Qatari diplomats engaged in discussions regarding the US-Israeli conflict. Brent crude futures fell to $111.84 per barrel, alongside a drop in US West Texas Intermediate crude. Analysts express optimism about potential advancements in these negotiations, which have eased short-term pricing worries.

India and France are advancing their defence relationship with proposals for new fighter aircraft and submarines. The two nations are collaborating on advanced technologies and strategic partnerships essential for regional security. As the global security landscape evolves, India aims to enhance ties with trusted allies like France. The Horizon 2047 Roadmap outlines a vision for future cooperation across various sectors.

Binance has officially restarted withdrawals for select cryptocurrencies such as bitcoin and ether, following successful recovery of a substantial amount of stolen funds linked to a massive North Korean heist. Notably, last year saw $2.9 billion in cryptocurrency stolen through multiple incidents. The crypto exchange intends to further restore withdrawal capabilities for more assets in subsequent phases.

Weather today, November 2: IMD has warned of heavy to extremely heavy rainfall in Andhra Pradesh, Telangana and Tamil Nadu on November 2 as Cyclone Murasu intensifies and approaches the coast. While several states face rain and strong winds, Delhi-NCR is expected to remain dry, even as air quality readings across the region remain in the hazardous category.

A trade investigation into Vietnam's intellectual property practices is nearing a conclusion with a November 29 deadline. Various industries have conflicting views on whether new tariffs should be imposed on Vietnamese goods. Tesla and Samsung are against additional tariffs, while steel and wood sectors advocate for penalties. Vietnam has faced escalating exports to the US, surpassing its previous trade standings.

During a recent campaign rally in Iowa, Trump emphasized that the US also spies on China and Russia. He reassured attendees that the US performs these operations more effectively than its adversaries. This statement coincided with recent scrutiny of Chinese intelligence efforts targeting US military personnel. Two Chinese nationals had recently received prison sentences for acting as agents of the Chinese government in the US.

Israeli Prime Minister Benjamin Netanyahu urged US President Donald Trump to conduct military strikes against Iran after the elections. The two leaders recently discussed US negotiations with Iran during a phone call described differently by their respective sources. Trump indicated a desire to continue pursuing diplomatic solutions while being prepared for potential military action. US Vice President JD Vance reached out to Iran's national security chief regarding restarting negotiations.

Sun Pharmaceutical achieved notable revenue growth in the September quarter, driven by strong performance in India and specialty medicines. The company anticipates medium-term growth from therapies like Ilumya and ongoing innovative projects. Although profitability was affected by acquisition and litigation costs, the domestic market share increased to 8.6% from last year. R&D investments are expected to rise in the second half of FY27 as development accelerates.

Reliance Industries has reported a significant growth in revenue and profits for the September quarter. The oil-to-chemicals segment has led this growth while retail segment profitability faced pressures from digital commerce investments. Jio Platforms also reported double digit revenue and profit growth, aided by increased average revenue per user and subscriber additions. Rising inflation and a shift in festive demand to the December quarter may impact future retail earnings.

Canadian Prime Minister Mark Carney reported a productive discussion regarding a potential trade deal with U.S. President Donald Trump. The conversation aimed to create jobs, lower family costs, and protect Canadian sovereignty. Negotiators from both sides will continue working over the coming weeks toward an agreement. Trade relations remain tense as discussions include U.S. tariffs on Canadian steel and automobiles.

Cutting through money jargon, one topic at a time. This week, Preeti Kulkarni explains how the MWP Act can ensure greater protection for your family.

A recent study reveals that India's $900-billion asset management sector lacks climate scenario analysis disclosures. Twelve mutual funds, representing over 80% of assets, scored zero in stress testing. This gap contrasts with findings from Asian peers who share some level of climate analysis. Rising climate risks in India could threaten up to $250 billion in annual output by 2030.

Welcome to TrendMap, your quick guide to investment performance. This edition tracks 10 years of global equity returns. Currency fluctuations impact the returns on foreign investments. To capture the real value from an Indian investors standpoint, these returns are adjusted to reflect their equivalent in Indian rupees. The key takeaway: no market dominatesdiversification matters. By Sameer Bhardwa

A young Messi relied on explosive speed and amazing dribbling to beat defenders. As he grew older, he used experience, positioning and passing to influence matches. He remained exceptional because he adapted. Investors must adopt a similar transition.

Bala is helping decorate for Diwali when he comes across his old football boots, a stack of comics hes outgrown and a torch that still works. His mother asks what he plans to do with them. Nothing, theyre taking up space, he says. Then he remembers Aisha next door, whos been asking her parents for a torch for weeks. Bala looks at the pile differently now.

What should the small investor do about this AI revolution in the making? The simple answer is nothing. No one can tell whether AI is a boon, a disaster, or a bubble. Its probably all of these, but its impossible to tell when, or in what order. The temptation to invest on the news is always there, but at this point, our job is to ignore the machine that will keep producing these stories

This Diwali, investment experts advise a strategic approach focused on asset allocation rather than luring high-growth stocks. Sectors like banking, financial services, and premium goods present promising opportunities. While gold should only occupy a small fraction of a diversified portfolio for risk management, short-duration debt funds gain favour as interest rates shift. Maintaining discipline and patience is essential for long-term investment success.

Gold prices have experienced a notable drop, creating favorable opportunities for those looking to buy during the festive and wedding seasons. Experts suggest that gold demand may rise in the near future. Nevertheless, market volatility driven by US Federal Reserve rate changes should prompt caution among investors. It is essential for buyers to evaluate their financial objectives and consult with financial advisors regarding suitable gold investment strategies.

As the festive season of Diwali nears, its wise for individuals to take a fresh look at their investment portfolios. This reflection can shed light on stagnant investments and empower improved financial planning. Financial experts advocate for a disciplined approach to asset distribution and routine portfolio assessments. Some investors may still cling to non-performing mutual funds and insurance that limit their potential growth.

An RBI officer, a Bengaluru retailer, a safari lodge owner and a 24-year-old money coach tell us how giving a little, steadily, lights someone elses life, long after Diwali.

Indian households are re-evaluating their asset allocations as gold holdings rise and equity investments remain stable. Recent data reveals a significant increase in household wealth, particularly in gold and real estate. Households are moving from traditional savings to market investments, notably through systematic investment plans. Meanwhile, financial behaviors are changing, with more monthly contributions being made to equities.

Stock market investors are growing wary as prices continue to drop amid broader economic issues. Nevertheless, mutual fund managers are optimistic, identifying many investment opportunities during this downturn. The article identifies six stocks that have seen a rise in mutual fund investments, showcasing their resilience and growth potential during tough times. This analysis offers investors valuable insights to enhance their future strategies.

In November, investors are optimistic about Indian equities due to ongoing festive celebrations and better-than-expected corporate earnings. While the Sensex and Nifty boasted gains in October, other market indices saw declines. However, potential threats such as rising crude oil prices and global uncertainties remain. A noticeable surge in purchases by foreign portfolio investors signals renewed interest in Indian stocks.

Shah Rukh Khan has released the first song from his upcoming movie King, celebrating his birthday. The song, featuring Deepika Padukone, is titled Tu Mil Jaaye and includes vocals by Arijit Singh and Ed Sheeran. Directed by Siddharth Anand, King is set to release in cinemas on December 24, 2026. Read on!

Concerns about negative cash flow and the sheer scale of AI capex saw the cost of insuring against corporate defaults blow out last week, while gold hit a one-year low amid talk stressed investors were selling to raise money for margin calls.

Foreign portfolio investors reduced their selling of Indian government securities and equities in October compared to September. Despite this, high oil prices and global yields pose challenges for sustained portfolio inflows. Economists caution that the slowdown may not indicate a definitive change in foreign investment trends. Political dynamics in other emerging markets might influence foreign capital movement toward India.

A business jet crashed in Greenacres, Florida, resulting in the deaths of all nine individuals on board. The aircraft was en route to the Bahamas from Austin-Bergstrom International Airport in Texas while encountering severe turbulence and icing conditions. Minutes before the crash, the pilot reported an emergency and rapid descent. Authorities have evacuated a nearby mobile home community as federal investigators begin their inquiries.