Reliance Industries (RIL) is in talks to acquire a stake in Bollywood producer and director Karan Johar's Dharma Productions, said people familiar with the matter.
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1Front Page
2Pure Politics
BJP parliamentary board on Sunday appointed Union home minister Amit Shah and Madhya Pradesh chief minister Mohan Yadav as central observers for the election of the state legislature party leader in Haryana.
The murder of NCP leader and former Maharashtra minister Baba Siddique has brought back the spotlight on jailed gangster Lawrence Bishnoi and his syndicate.
BJP is planning to organise joint rallies of UP CM Yogi Adityanath and deputy CMs Keshav Maurya and Brajesh Pathak ahead of bypolls to 10 assembly seats in the state to clear the air around ‘differences’ in the state unit and also recover the ground lost during the Lok Sabha polls.
Jammu and Kashmir lieutenant governor Manoj Sinha has reached New Delhi to complete the formalities of government formation in the Union Territory. Officials informed that LG has recommended an end to central rule in J&K. Sinha is expected to return to Srinagar on Monday afternoon.
The Ministry of External Affairs is in regular consultation with the Ministry of Defence over the welfare of Indian troops deployed in the UNIFIL mission in Lebanon that recently came under Israeli attack.
The Opposition Maha Vikas Aghadi on Sunday issued a ‘gaddarancha panchnama’ (traitors record), labelling the ruling Mahayuti in Maharashtra as a government of the rich that ignores the poor.
Ahead of the upcoming October 15-16 SCO summit, in a bizarre statement Pakistan has accused India of backing Imran Khan-led PTI to disrupt the meeting in Islamabad.
Delhi Police’s special cell and Gujarat Police have seized 518 kg of cocaine worth ₹5,000 crore in Ankleshwar, Gujarat, during a search of Avkar Drugs Ltd Company.
Describing the accidental firing of a Brahmos missile that landed in Pakistan in March 2022 as an “unfaithful accident”, sacked wing commander Abhinav Sharma has claimed that the operations officer did not consult him before the launch.
3Companies: Pursuit of Profit
Indian pharmaceutical company bosses gathered at Milan this week for the Convention on Pharmaceutical Ingredients (CPHI). Attendance at the all-important global trade fair is essential for those seeking to win new contracts.
Air passengers might have a reason to smile this Diwali as average airfares on many domestic routes have dropped 20-25% compared to the year-ago period, according to an analysis. Increased capacity and the recent fall in oil prices are considered to be among the factors for the fall in air ticket prices.
Many wealthy Indians were rankled amid festivities by a regulatory communique which could ruffle their plans of parking money with overseas banks. The directive is linked to the issue of resident individuals (RIs) opening fixed deposits (FDs) with banks abroad–a subject that the Reserve Bank of India (RBI) has so far left ambiguous.
Kinetic Engineering Ltd will invest ₹30 crore in its subsidiary Kinetic Watts and Volts as it looks to focus on expanding research, development, and manufacturing capabilities of the new venture, the company said.
Realty firm Gaurs Group will invest about ₹4,000 crore to develop a 17-acre commercial project in Noida as part of its strategy to build rental assets, a top company official said.
Upping the ante, Reliance Jio has written to communications minister Jyotiraditya Scindia, seeking auction of satellite spectrum and reissuance of the regulator’s consultation paper on the matter to ensure a level playing field between satcom and terrestrial, or mobility, networks.
Realty firm ATS Homekraft has sold the entire 334 units launched in phase 1 of its new project on Dwarka Expressway, Gurugram, for ₹825 crore on strong demand from end-user customers.
Realty firm Macrotech Developers Ltd’s net debt rose 14% to ₹4,920 crore during the second quarter of this fiscal year as it looks to invest more on land acquisition and construction. Mumbai-based Macrotech Developers, which sells its projects under the Lodha brand, is one of the leading developers in the country.
Amazon is bolstering its e-commerce empire while continuing a march deeper into people’s lives, from robots to healthcare and entertainment.
4Disruption: Startups & Tech
Indonesia has asked Google and Apple to block Chinese fast fashion ecommerce firm Temu in their application stores, a minister said.
People are now looking at killer applications in the AI PCs to add value to their day-to-day missions, due to the change in the working environment and lifestyle.
The Central Bureau of Indirect Taxes and Customs (CBIC) has called for a meeting of app-based ride hailing services in Delhi on Monday to resolve differences over applicability of goods and services tax (GST) on rides booked through ecommerce platforms, after Uber India raised concerns about a lack of uniformity and level playing field.
Furniture and electronics rental platform Rentomojo posted operating revenue of nearly ₹200 crore in the last fiscal year as the Bengaluru-based company benefited from people returning to workplaces after the pandemic.
Bengaluru-based gaming investment company Jetapult, backed by the likes of Accel and Fireside Ventures, has taken the majority stake in Saudi Arabia-based game developer UMX Studio through an all-cash transaction of $4.5 million (about ₹38 crore).
Early-stage startups are up against stronger filters for their next round of funding than before as the downturn in risk capital investing have investors taking a harder look at some of the ventures they funded.
The latest quarterly results of the largest software services provider Tata Consultancy Services (TCS) signal a delayed recovery outlook for the leader of the $250 billion IT services industry.
US IT engineering services provider EPAM Systems hired more than 2,000 employees in India so far this calendar year, expanding the local workforce to more than 9,000, said a senior executive.
“We’re not building AI for social media or a commerce site. Copilot is a trusted AI companion for human agency, both as an assistant or at work,” said Jha (51), who has been leading Office 365, Teams and Bing through his 18-year journey at Microsoft, and is a key member of the Satya Nadella clan.
5The Edit Page
If you’re a Hindi filmi music aficionado—if not, ask your more discerning nana-nani—you’ll know the sonic splendour of ‘Ai Mere Dil Kaheen Aur Chal,’ that nugget from the 1952 Dilip Kumar-starrer, Daag.
We spend half our health in trying to gain wealth and then we spend half our wealth to gain back our health. I don’t think that is smart economics. At work, stress can accumulate quickly.
The philanthropic Tata Trusts have been reassuringly quick to announce Noel Naval Tata as their chairman after the death of his half-brother Ratan Tata last week.
GN Saibaba, who passed away this weekend at 57 following post-operative complications, serves as a case study of how the state should not act out its concerns. The DU professor was first arrested in 2014, along with five others, under the Unlawful Activities (Prevention) Act 1967, for allegedly having connections with banned Maoist outfits.
Was the failure to win a single-party majority in the Lok Sabha election in June the end of the world for BJP? Similarly, is the unqualified victory of the party in Haryana the end of all problems?
6Economy: Macro, Micro & More
State-owned Oil and Natural Gas Corporation (ONGC) is looking to set up mini-LNG plants to evacuate natural gas from wells located in areas that are not connected with pipelines.
After remaining in the negative zone for several months, imported inflation or cost of imports has been slowly edging up since the beginning of this financial year.
The Centre will soon start evaluation of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) to assess its on-ground impact and further improve the effectiveness of the scheme.
The government is readying to put in place an inter-ministerial mechanism for robust monitoring of employment-linked incentive schemes which will focus on creation of new jobs across labour intensive sectors, said a senior government official.
7ET Markets
Emkay Global has initiated coverage on aluminium producers, highlighting that fi rm demand drivers are in place for the metal to head higher. The fi rm said the rapid growth in the solar sector, battery industry, and Chinese consumption have led to demand outstripping supply.
Hyundai Motor India (HMI), the country’s second-largest passenger vehicles (PV) maker after Maruti Suzuki India, plans to raise up to ₹27,870 crore through an offer for sale (OFS).
India’s third-largest software exporter, Wipro, announced on Sunday that its board will consider issuing bonus shares to investors alongside its financial results for the quarter ending September 2024.
8Smart Investing
National Pension System (NPS) helps you to save tax in several ways. There are only Eleven NPS fund managers at present and the table below compares their performance. The data has been provided exclusively to ET.
Increased cost of deposits is likely to keep bank margins under pressure in the second quarter though analysts will watch out for loan growth trends amid a weakness in the unsecured retail segment.
As Indian financial markets begin to prepare for a new and comprehensive overnight benchmark interest rate, the process may finally culminate in the establishment of a new trading platform, similar to the one that ushered in reforms in local interest rate derivatives markets nine years ago.
India’s healthcare sector is seeing a new trend where hospitals are introducing charges from disinfection fees to “peak charges” for operation theatre time that works like surge pricing in ride hailing apps, leading the patients and insurers to bear bloated costs.
Amount raised via corporate bonds in the first half of this fiscal rose 6% to ₹4.98 lakh crore, from ₹4.7 lakh crore during the same time last year, data from Prime Database showed.
9Around the World
The United Nations said on Sunday Israeli tanks had burst through the gates of a base of its peacekeeping force in southern Lebanon, the latest accusation of violations and attacks that have been denounced by Israel’s own allies.
US officials believe Israel has narrowed down targets in its potential response to Iran’s attack this month to military and energy infrastructure, NBC reported on Saturday.
President Joe Biden announced $612 million in recovery aid for areas stricken by hurricanes Milton and Helene as he surveyed the aftermath of Milton in Florida.
Taiwan said it was “on alert” as it detected a Chinese aircraft carrier group to its south on Sunday, days after the US warned Beijing against taking “provocative” actions on the self-ruled island.
The United States will send a Terminal High Altitude Area Defense (THAAD) battery and troops to Israel, the Pentagon said Sunday, even as Iran warned Washington to keep American military forces out of Israel.
China’s deflationary problems became more entrenched in September, with consumer prices still weak and factory gate prices continuing to fall.
Kamala Harris and Tim Walz will spend the coming week criss-crossing Michigan, Pennsylvania and Wisconsin, the trio of battleground states that are key to most of their paths to the White House.
Russian glide bombs have struck a concentration of Ukrainian troops near the border of Russia’s western Kursk region, the Russian defence ministry said on Sunday.
Vietnamese Prime Minister Pham Minh Chinh and Chinese Premier Li Qiang held “frank” talks about controlling disagreements in the contested waters of the South China Sea during Li’s visit to Hanoi.
The European Central Bank will probably advance the global push for monetary easing in the coming week with an interest-rate cut that policymakers had all but ruled out just a month ago.
10Brands & Companies
India is set to become the largest revenue market for RCS (rich communication services) messaging by 2029, contributing $544 million, a figure which is expected to rival the combined revenues of Europe, Middle East and Africa.
Flexible workspace provider Smartworks has leased 450,000 square feet space with developer ASF in Gurugram.
Long-wheelbase or stretch luxury sedans of Mercedes-Benz, BMW and Audi among others are gaining traction among senior company executives and high net worth individuals, pushing automakers to increasingly roll out such vehicles.
11ET Panache
Teenage William Martin Joel had a tiring minimum-wage job dredging oysters. As that dredge crisscrossed the waters of Long Island Sound, facing some of the most expensive real estate in the United States, Joel could see a stately brick mansion.
12Sports World Play
India lost to defending champions Australia by nine runs in their last group match to find themselves in a difficult position to qualify for the semifinals of the women’s T20 World Cup on Sunday.
Maia Bouchier smashed 62 not out off 34 balls as England beat Scotland by 10 wickets in their group B clash on Sunday. England powered their way to 113-0 in 10 overs as Bouchier put on an unbeaten opening stand with Danielle Wyatt Hodge, who continued her splendid tournament form to score 51 not out off 26 balls.
Cristiano Ronaldo scored his record extending 133rd international goal to keep Portugal perfect in the Nations League (NL) with a 3-1 win over Poland on Saturday, and Spain struck late to edge Denmark 1-0.
Top-ranked Jannik Sinner beat Novak Djokovic i n straight sets to win the Shanghai Masters on Sunday, giving the Italian his tour-leading seventh title of the season.
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In today’s fast-paced world, reading a newspaper while having a cup of tea is a distant dream. Realising the hardship faced by newspaper lovers nowadays, Economic Times has come up with a unique initiative called ET Print Edition.
The ET Print Edition is a digital experience of the Economic Times newspaper, which is published daily. It helps you get the enormous amount of valuable information published in the newspaper daily in the digital form.
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