The Economic Times

India's current account deficit narrowed to $5.2 billion in August, compared to $6.1 billion a year earlier. The capital account surplus increased substantially to $50.6 billion, influenced by non-resident deposits of $83 billion. The balance of payments showed a surplus of $45.4 billion, contrasting with a deficit of $5.6 billion in the previous year. External commercial borrowing saw a net outflow of $22.4 billion during this time.

Rahul Gandhi has written to President Droupadi Murmu urging her to reconsider Dushyant Gautam's recent appointment. He claims that appointing Gautam complicates the ongoing CBI investigation into Ankita Bhandari's murder. Gandhi emphasized the importance of the governor's trustworthiness and public perception during this turbulent time. The appointment of Gautam is viewed as undermining women's safety, according to Gandhi's letter.

Pakistan's parliament approved emergency and governor's rule in Khyber Pakhtunkhwa due to escalated violence and terrorism. This move follows weeks of political tensions and is seen as a federal intervention. The federal government's resolutions were passed after debates involving both treasury and opposition members. Amnesty International raised concerns over potential human rights abuses amid these emergency measures.

In an effort to address soaring shipping costs, the Trump administration is evaluating the possibility of easing restrictions on sanctioned vessels. These limitations have heavily influenced rising tanker freight rates, affecting the dynamics of global oil markets. The proposed changes aim to clarify the vessels eligible for transporting legally traded crude and refined products, though challenges may arise that could undermine the effectiveness of this initiative.

Central Park in Connaught Place will be closed for the general public on October 16 and 17. The New Delhi Municipal Council has issued a notice mentioning the closure due to administrative reasons. This decision precedes the CJP's planned 'Lehra do Tiranga' march in the area. Visitors planning to access the park on these dates should be aware of the closure.

Four workers lost their lives in a devastating explosion at Kovika Dyes & Intermediates factory in Gujarat. The tragic incident happened during pipe-fitting work near a boiler vessel, raising concerns about safety. Preliminary investigations suggest a pressure burst may have caused the explosion, with forensic teams now examining the site. Police are registering an accidental death case and conducting post mortem examinations of the victims.

CoreWeave's financial distress is highlighted by its $50 billion debt and significant default risks, causing stock prices to drop. Investors express concerns about how the AI industry's expansion is financed, especially with rising interest rates. The company's efforts to secure an investment-grade rating indicate attempts to access more capital. Analysts project a bleak future for many neoclouds, with potential shutdowns by 2030.

India's data-centre capacity may increase to 24-26 GW, which is substantially higher than the current capacity. However, this growth will still represent a limited portion of overall electricity demand. The Central Electricity Authority has accounted for this expected rise in future power projections. Alongside, the renewable energy capacity is aimed to reach approximately 800 GW by 2035-36.

Ahead of the fifth T20I match against West Indies, Sunil Gavaskar highlighted the need for India to improve their chase. He pointed out the lack of responsibility shown by various batters during the previous matches. Gavaskar noted that their new bowlers will learn only through experience despite conceding boundaries. India has struggled under Shreyas Iyers captaincy, especially when chasing totals.