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INC42 News
Nov 1, 2025, 06:31 AM
Indian Startups Raise $371 Mn Across 30 Deals, PhonePe Secures $600 Mn Secondary Investment

Indian Startups Raise $371 Mn Across 30 Deals, PhonePe Secures $600 Mn Secondary Investment

Funding momentum continued to remain strong in the Indian startup ecosystem towards the end of October. Between October 27 and 31, Indian startups cumulatively raised $371 Mn across 30 deals, marking a 19% uptick from the $312.5 Mn secured over a mere three deals in the preceding week. Important to mention that the week also saw a$600 Mn secondary deal at PhonePe, with its investor General Atlantic doubling down on the fintech major in the run up to its IPO.
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INC42 News
Nov 1, 2025, 06:30 AM
Pine Labs Files Revised RHP for INR 2,080 Cr Initial Public Offering

Pine Labs Files Revised RHP for INR 2,080 Cr Initial Public Offering

Fintech major Pine Labs has filed its RHP for its initial public offering (IPO) which will comprise a fresh issue of up to INR 2,080 Cr and an offer for sale (OFS) of up to 8.23 Cr shares. Notably, the company has cut the size of the public issue. As per its DRHP, the IPO was to comprise a fresh issue of up to INR 2,600 Cr and an OFS of up to 14.78 Cr shares Peak XV Partners, Actis Pine Labs Investment Holdings, Macritchie Investments, PayPal, Mastercard, AIM Investment FundPis (Invesco Developing Markets Fund), Madison India Opportunities IV, Lone Cascade, Sofina Ventures, and cofounder Lokvir Kapoor are among the investors looking to offload their shares via the OFS. The IPO will open on November 7 and close on November 11. Anchor bidding will take place on November 6. The shares are expected to list on the exchanges on November 14. The company receivedSEBI’s nod for its IPO in September. (The story will be updated soon)
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Times of India
Nov 1, 2025, 06:27 AM
Tejashwi Yadav Outlines Vision for Inclusive Development in Bihar

Tejashwi Yadav Outlines Vision for Inclusive Development in Bihar

Tejashwi Yadav (ANI)As the Bihar assembly election campaign intensifies, INDIA bloc’s chief ministerial candidate, Tejashwi Prasad Yadav, lays out his vision for development, employment and economic justice while taking aim at his political rivals.He shares his plans to create jobs, strengthen the economy and build an inclusive Bihar with TOI’s AlokKNMishra. Excerpts:You are the chief ministerial candidate of the INDIA bloc and have been campaigning extensively across Bihar for the past several weeks. What promises are you making to people, and what feedback are you getting?Battle for Bihar: Raghopur Voters Ask Tough Questions to RJD's Tejashwi Yadav Ahead of Key ContestWe have taken an oath to make Bihar the number one state in the country and that is our ultimate objective.Our vision is to build a Bihar where no Bihari brother or sister has to migrate in search of work or opportunities. Every facility and opportunity should be available right here, in our own state. Bihar should have factories and job opportunities, as well as quality hospitals, colleges and universities.Factories should be set up, jute mills reopened, food processing units established and new IT parks and SEZs developed.Our goal is to make Bihar an educational hub so that students do not have to go to places like Kota to prepare for exams and we want to build good hospitals so that people do not have to travel outside the state for treatment. Bihar today is one of the poorest states with the lowest per capita income. We are determined to change that by ensuring that every citizen has access to education, healthcare, income, opportunities and justice – and that the govt is truly action-oriented.Bihar also has immense potential in the tourism sector – whether it is religious tourism, heritage tourism or general tourism. We want to develop this potential and promote Bihar as a major tourism destination. We want to make such a Bihar that moves ahead on the path of progress. We are getting a great response from the people who want a change in Bihar.You have pledged to provide a govt job for every family. Critics argue that this may not be financially feasible for Bihar, which does not have the financial resources to fund this. How do you plan to implement this promise?Let the people say what they want to say. The last time, they were saying that giving 10 lakh jobs was impossible.Now, the same people – the BJP and JD(U) – have been forced to talk about jobs, and they are saying they will give one crore jobs. We have done and shown what we promised.We gave five lakh jobs – about 3.5 lakh every year during the 17 months from Aug 2022 to Jan 2024, when I served as deputy chief minister in the Grand Alliance govt. We also gave the status of Bihar govt employees to over four lakh contractual teachers in the state in Dec 2023.So, we have already done it, and soon we will turn this task – which looks impossible – into a possible one. My age may be young, but my promise is mature.Have you consulted experts, carried out any study or prepared a blueprint for this?We do not make any announcements without consulting the experts and without conducting the required research and study. We only make announcements that are feasible and practical. We have prepared the blueprint for it.Also read- Tejashwi Yadav vows to make Bihar India’s number one stateThe INDIA bloc and the NDA are both contesting the election on the development plank. How is the RJD-led alliance’s development plank different from the NDA's?The NDA has no development plank and no vision for Bihar. The BJP wants factories to be set up only in Gujarat – the semiconductor factory is in Gujarat, investor meetings are held there, SEZs are established there, and even the international stadium is built there.Everything is being done in Gujarat, while nothing is being done for Bihar. They have no road map or vision for Bihar. Amit Shah (union home minister) himself said that there is a dearth of land in Bihar, which is why factories and industries cannot be set up here. So, they have made it clear that they have no development plan for Bihar.Having served as deputy chief minister under Nitish Kumar, what do you think about Nitish Kumar's style of leadership and the way he runs the Government?At present, Nitish Kumar has been reduced to just a puppet. BJP is running the govt while Nitish Kumar is merely a figurehead – the real power lies withNarendra Modiand Amit Shah. We even have sympathy for Nitish Kumar, considering his current condition.This is the same Nitish Kumar who once snapped ties with the NDA after Narendra Modi was announced the chief of the BJP’s campaign committee for the 2014 Lok Sabha elections. He had even cancelled a dinner planned for Modi in Patna. In the past, the same Nitish Kumar returned the Rs 5 crore Koshi flood relief donation from the Narendra Modi-led Gujarat govt in 2010 when the Gujarat govt issued advertisements for it.And now, Nitish ji has, unfortunately, become a puppet and his health condition also does not allow him to run the govt effectivelyRJD has traditionally relied on support from the Muslim-Yadav vote base. This time, you have fielded more candidates from women, Dalits, and EBC communities. How is the RJD attempting to broaden its appeal beyond the MuslimYadav combination?The RJD has always been a party for everyone – inclusive since the very beginning.No govt has given as much representation in the state cabinet to upper castes as the one led by Laluji. Similarly, no other govt has matched the number of leaders from the EBC category who were made MLAs, MLCs, and given various opportunities under the govt of Laluji.It was Laluji who made Bhagwati Devi, the daughter of the Musahar community, an MP. He ensured that every section of society received respect and representation in governance.Yes, some people may have left us at times, but eventually, all of them have come back — because they know that the RJD truly belongs to everyone.Also read- 'Should release sorry patra': Tejashwi Yadav, Congress tear into NDA's Bihar manifesto; mock press eventThe voting patterns in recent Bihar elections indicate that a larger share of EBC, upper-caste and several groups within the Dalit community voters have favoured the NDA over the RJDIn the 2020 election, the difference between the NDA and the Mahagathbandhan was only 12,000 votes, which was less than 1%.It shows that we got votes from all sections of society.Women in Bihar have traditionally been seen as strong supporters of Nitish Kumar. What strategies is the RJD adopting to attract more women voters in this election?The women have woken up now. The truth has come out in the open – that women were often exploited and were denied the respect and rights they truly deserved. This is why there is a growing sense of dissatisfaction among women with the Nitish govt.Do you think the women of Bihar are going to support the INDIA bloc this time?See, due to growing dissatisfaction among women, the Nitish govt had to give a Rs 10,000 bribe to each woman just before the elections. They realised that their support base among women was drifting away, especially after we announced the ‘Mai Bahin Maan Yojana’ for the women of Bihar, under which women in Bihar will receive Rs 2,500 per month as financial assistance to make them financially independent, and we spoke about making Jeevika Didis permanent.This has clearly panicked the NDA. That is why they are giving out Rs 10,000 in the middle of the election, and yet the Election Commission is not stopping them. What is the emergency that justifies this?The NDA is contesting the election under the leadership of Nitish Kumar, but it has not yet categorically announced that Nitish will be the CM if the NDA wins. What is your view on this?Amit Shah ji and the BJP are clear that Nitish Kumar will not become the chief minister again.It is totally clear. He will meet the same fate as Shinde ji (Eknath Shinde was not reinstated as CM after the BJP won a majority in the 2024 Maharashtra assembly elections).Why will the NDA not make Nitish Kumar the CM?His situation is not the same. The BJP wants to have its own chief minister in Bihar because, until now, they have never had one. They aspire for it, but that ambition will never be fulfilled.Follow Live UpdatesRJD rule in Bihar ended 20 years ago. Even now, many people say that a return of the RJD to power could bring back the ‘jungle raj’ of the past. Why do such perceptions persist even after so many years since the RJD last governed Bihar?See, this is nothing but complete propaganda and a wrong perception fuelled by those opposed to the RJD.Lalu ji always gave respect to everyone and worked to ensure equality in society. Those who considered themselves superior by birth had to sit at the same level as Dalits and backward communities. This created resentment among such people. True superiority comes from one’s actions, not from birth. Lalu ji made everyone equal and upheld this principle consistently.You have been saying that Lalu Yadav gave social justice to the people of Bihar, and you will deliver economic justice. Can you elaborate?We are living in an economic age, and people deserve economic justice.Inflation is soaring, jobs are scarce, and household expenses are rising rapidly. How are people supposed to manage their daily lives? Since Modi came to power, under the NDA govt, everything has become more expensive.Modi ji had promised to bring down inflation, but prices have risen fivefold since he took office – fuel, food, and almost everything has become costlier, while people’s incomes remain stagnant. Small and medium-scale factories are shutting down, businesses are struggling and the economy is not growing as it should.The situation worsened further after Trump imposed tariffs. Now is the time to ensure true economic justice for the people.There have been reports of internal differences within the INDIA bloc. How have you addressed or...
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Times of India
Nov 1, 2025, 06:26 AM
BlackRock Accuses Indian-Origin CEO Bankim Brahmbhatt of Multi-Million-Dollar Fraud

BlackRock Accuses Indian-Origin CEO Bankim Brahmbhatt of Multi-Million-Dollar Fraud

Bankim Brahmbhatt (Industry Chronicle)American investment giant BlackRock has accused Bankim Brahmbhatt, the Indian-origin CEO of US-based telecom companies Broadband Telecom and Bridgevoice, of multi-million-dollar fraud, The Wall Street Journal reported.Lenders, including HPS Investment Partners - the private credit arm of BlackRock - have accused Brahmbhatt’s firms of fabricating accounts receivable that were used as collateral for loans. The lenders now claim to be owed over $500 million. Brahmbhatt’s lawyer told WSJ that his client disputed the fraud allegations.'American Dream Stolen': India in the Spotlight as Trump’s H-1B Visa Misuse Ad Sparks ControversyWho is Bankim BrahmbhattBankim Brahmbhatt is the founder, president and CEO of Bankai Group, a US-headquartered telecommunications and fintech company.In interviews with Entrepreneur Middle East and Industry Chronicle, Brahmbhatt described himself as a telecom engineer turned entrepreneur, who began his journey in 1989 by setting up a push-button telephone manufacturing unit in India. Over the years, his ventures expanded into satellite dishes, telecom billing, and digital financial solutions.Bankai Group’s flagship product, MobiFin Elite, provides digital financial services and has been implemented by clients across several countries, particularly in Africa.Brahmbhatt often spoke about his vision to create a self-sustaining ecosystem for carriers, operators, and financial institutions, combining “technical skills and people skills.”His LinkedIn profile which earlier has sizable followers appears to have deactivated.What is the case against himAccording to WSJ, HPS began lending to a financing arm linked to Brahmbhatt’s companies in September 2020, later expanding its exposure to about $430 million by August 2024, with BNP Paribas helping finance the loans.Trouble surfaced in July 2024, when an HPS employee discovered that some customer emails appeared to come from fake domains imitating real telecom firms. When questioned, Brahmbhatt reportedly assured HPS officials there was nothing to worry about, before stopping all communication.Subsequent checks by accounting firm CBIZ and law firm Quinn Emanuel, hired by the lenders, found that emails and invoices provided as proof of receivables were falsified, the report said.A Belgian telecom company, BICS, confirmed to investigators that it had no connection to the emails used by Brahmbhatt’s firms, calling it a “confirmed fraud attempt.”Court filings allege that fraudulent customer contracts dated back to 2018 and that assets pledged as collateral were transferred to offshore accounts in India and Mauritius.Brahmbhatt’s companies - Broadband Telecom, Bridgevoice, Carriox Capital II, and BB Capital SPV - filed for bankruptcy in August, the same month lenders sued.BNP Paribas also reported adding €190 million (around $220 million) in loan-loss provisions linked to a “specific credit situation,” though it did not name the borrower.Where is Bankim Brahmbhatt nowHPS has told clients it believes Brahmbhatt is currently in India. A person who visited the New York offices of his companies in July found them closed and vacant, the WSJ report said.Brahmbhatt also filed for personal bankruptcy on August 12, the same day his companies sought Chapter 11 protection.Despite the scale of the alleged fraud, sources told WSJ that the incident represents only a small portion of HPS’s $179 billion in assets under management and is unlikely to materially affect BlackRock’s overall performance.What nextWhile the US courts are now handling the bankruptcy proceedings and civil lawsuits, Brahmbhatt has denied these allegagtions and is missing. The full scope of the alleged fraud and its potential impact on BlackRock’s private credit arm and BNP Paribas remains under investigation.
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Times of India
Nov 1, 2025, 06:24 AM
True Crime Series: Uncovering the Dark Secrets Within Notorious Homes

True Crime Series: Uncovering the Dark Secrets Within Notorious Homes

True crime series became one of the popular genres of content in the last couple of years. But more interestingly, these series gave us a glimpse of the most notorious houses that conceal nuances of mystery, power, and unsettling horror within every wall.Yes, you read that right, these are real horror houses that stood witness to some real dark chapters.Here are 5Netflix true crime seriesthat took us inside the mostnotorious homes‘Fred And Rose West: A British Horror Story’; Home - 25 Cromwell Street, Gloucester, UKBased on Britain’s sinister couple, ‘Fred and Rose West: A British Horror Story’ featured their home at 25 Cromwell Street in Gloucester. This seemingly ordinary mid-terraced house, often referred to as the ‘House of Horrors,’ silently witnessed the gruesome acts of crime done by the Wests. With small rooms and hidden spaces, the design became an accomplice.‘Monsters:The Lyle and Erik Menendez Story’; Home - 722 North Elm Drive, Beverly Hills, California‘Monsters: The Lyle and Erik Menendez’ is about Lyle and Erik Menendez. These two were convicted of murdering their parents in 1989. The construction that stood bare witness to the crime was 722 North Elm Drive in Beverly Hills. This mansion had a red-tiled roof, ornate interiors, and all things that reeked of grandeur. Nothing that would scream horror inside, beware. Yet, it was the one that masked all the tragedy in its grand design.‘The Watcher’; Home - 657 Boulevard, Westfield, New JerseyEvery house has a tale to tell, and 657 Boulevard, Westfield, New Jersey, holds the story of a family whose life turned upside down courtesy of an anonymous stalker. ‘The Watchers’ narrated the whole story of challenges, horror, and suspense that unfolded in a classic Dutch Colonial Revival home.It was built in 1905 with shuttered windows and a broad front porch. This house had its own secrets, and those secrets whispered unsettling truths and secrets.‘A Deadly American Marriage’; Home - Winston-Salem, North Carolina‘A Deadly American Marriage,’ the drama shows the blurred lines between justice and revenge, examining the case of Jason Corbett’s death. It happened at Winston-Salem, North Carolina, at the family home. This house had traditional American architecture, open spaces perfect for a fun family life, but it eventually stood as a silent witness to a domestic life turning tragic.‘Curry & Cyanide: TheJolly Joseph Case’; Home - Ponnamattam House, Koodathayi, KeralaDeaths in Koodathayi, Kerala, sent chills down the spine, and the same horror was relived when the show ‘Curry & Cyanide: The Jolly Joseph Case’ came out. The horrific event took place at the ancestral home. A traditional Kerala-style residence, this house of horror was embracing the most beautiful cultural heritage. The dark secrets and the design of the house didn’t align with one another.
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Times of India
Nov 1, 2025, 06:24 AM
Delhi MP Calls for Renaming of National Capital to 'Indraprastha' Citing Ancient Heritage

Delhi MP Calls for Renaming of National Capital to 'Indraprastha' Citing Ancient Heritage

MP Praveen KhandelwalNEW DELHI: Delhi BJP MP Praveen Khandelwal has written to Union home minister Amit Shah urging that the national capital be renamed “Indraprastha,” citing the city’s connection to India's ancient heritage.He also suggested renaming the Old Delhi Railway Station as “Indraprastha Junction” and the Indira Gandhi International Airport as “Indraprastha Airport.”Amit Shah Takes 'Italy' Jibe at Rahul Gandhi After Cong MP Targets PM Modi Over Chhath 'Nautanki'You Can Also Check:Delhi AQI|Weather in Delhi|Gold Rate Today in Delhi|Silver Rate Today in DelhiIn his letter to the Union home minister, Khandelwal said, "We all know that Delhi’s history is directly connected to the era of the Pandavas, and therefore, the glorious culture, civilisation, heritage, and traditions of our Delhi are associated with the name Indraprastha.If Delhi is renamed Indraprastha, it will undoubtedly mark the revival of our proud traditions. In my letter, I have also requested that statues of the Pandavas be installed at locations in Delhi so that the younger generation can learn about them."He further elaborated on the historical significance of the city, "Delhi holds a very special place among India’s oldest cultural heritages. It is not merely a metropolis, but has been the center of Indian civilisation, embodying the traditions of religion, governance, and democracy.History bears witness that during the Mahabharata era, the Pandavas established their capital, 'Indraprastha,' on the banks of the Yamuna — a prosperous, well-planned city symbolising a governance based on principles and ethics."Khandelwal outlined his specific proposals in the letter, "On the basis of this historical and cultural background, I would like to draw your attention to the following suggestions.The name of India’s capital, 'Delhi,' should be changed to 'Indraprastha.' The Old Delhi Railway Station should be renamed 'Indraprastha Junction.' The Indira Gandhi International Airport should be renamed 'Indraprastha Airport.' Grand statues of the Pandavas should be installed at a prominent location in Delhi."He argued that the move would restore historical justice and strengthen cultural identity, "This proposal would restore historical justice to Delhi.The city’s true identity has always been 'Indraprastha.' Renaming it would reconnect us with our roots and mark the beginning of a new chapter in cultural revival. The name 'Indraprastha' symbolises our glorious heritage, righteous governance, and the spirit of Indian culture.This change would enrich national pride."Khandelwal also cited the example of other Indian cities that have reclaimed their historical names, "Just as cities like Ayodhya, Kashi, and Prayagraj have regained their proper historical identities, Delhi too should reclaim its original name to strengthen cultural heritage. This step would boost tourism and the economy. The name 'Indraprastha' would promote religious, cultural, and historical tourism, creating business and employment opportunities.Statues of the Pandavas would serve as symbols of sacrifice, courage, righteousness, and justice, connecting the younger generation with Indian ideals and inspiring them for the future."
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Financial Express logo
Financial Express
Nov 1, 2025, 06:07 AM
India's Primary Market to See Busy Week with Multiple IPOs and Listings

India's Primary Market to See Busy Week with Multiple IPOs and Listings

As the primary market gears up for another action-packed week, investors have a full plate ahead with one mainboard IPO and three SME offerings set to open, alongside five new listings lined up for debut on the bourses. Let’s take a look at what is coming up in theIPOlane from November 3-8. Mainboard IPOs The headline act of next week’s IPO calendar is undoubtedly theGroww IPO, launched by Billionbrains Garage Ventures, the parent company behind one of India’s most popular investing platforms. The Rs 6,632.30 crore public issue will open for bidding on November 4 and close on November 7. The price band has been fixed at Rs 95–100 per share, with a lot size of 150 shares. The issue comprises a fresh share sale of Rs 1,060 crore and an offer for sale (OFS) worth Rs 5,572.30 crore, where promoters and several key investors including Peak XV Partners, Ribbit Capital, and YC Holdings will partially offload their stakes. SME IPOs The SME space continues to stay buzzing, with three companies – Shreeji Global FMCG, Finbud Financial Services, and Curis Lifesciences hitting the market next week. Shreeji Global FMCG will open its Rs 85 crore issue on November 4, closing on November 7. The IPO, entirely a fresh issue, has a price band of Rs 120–125 per share. Retail investors can apply in lots of 2,000 shares. The shares are scheduled to list on NSE SME on November 12. The Rs 71.68 crore public issue of Finbud Financial Services will open on November 6 and close on November 10. Priced between Rs 140–142 per share, the IPO is also a fresh issue, with shares expected to debut on NSE SME on November 13. Curis Lifesciences’ Rs 27.52 crore issue will open on November 7 and run till November 11, with a price band of Rs 120–Rs 128 per share. The listing is likely on November 14 on NSE SME. Each lot for retail investors comprises 2,000 shares. While fresh IPOs open for subscription, the secondary market will also see five new listings making their way to the exchanges. Jayesh Logistics will list on November 3 Game Changers Texfab on November 4 Orkla Indiaand Safecure Services on November 6 Studds Accessorieson November 7
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Times of India
Nov 1, 2025, 06:02 AM
Nepal's Living Goddess: A Tradition of Divine Wonder

Nepal's Living Goddess: A Tradition of Divine Wonder

In the heart of Kathmandu’s old city, amid the chaos of ringing temple bells, swirling incense, and prayer flags fluttering in the breeze, lives a little girl who is no ordinary child.She is the Kumari, the only living goddess in the world. Chosen from a Buddhist community and worshipped by both Hindus and Buddhists, she is believed to be the earthly manifestation of Goddess Taleju (a form of Durga). In Nepal, where spirituality seeps into every corner of daily life, the idea of a living goddess isn’t a story from mythology, it’s a living, breathing tradition.Dressed in red silk and gold ornaments, with a painted third eye on her forehead, she is the Kumari, Nepal’s living goddess.Every day, hundreds of visitors stand silently in the courtyard of Kumari Ghar, a historic red-brick palace in Kathmandu. They wait for a fleeting moment when the child-goddess appears at the window, a brief glance that many believe can bring luck, health, and protection from misfortune. For a few seconds, the chaotic city stands still.Who is the Kumari?The word Kumari comes from the Sanskrit Kaumarya, meaning “princess” or “virgin.”She is considered the earthly embodiment of Goddess Taleju, a form of the powerful Hindu goddess Durga. What makes this tradition even more extraordinary is that the Kumari is chosen from a Buddhist family but worshipped by both Hindus and Buddhists.A 2-year old becomes a goddessIn September 2025, Nepal welcomed a new Royal Kumari, two-year-old Aryatara Shakya, who replaced Trishna Shakya, the living goddess since 2017. On the eighth day of Dashain, Nepal’s biggest Hindu festival, Aryatara was carried to the Kumari Ghar by her family in a grand ceremony filled with music, rituals, and blessings.From that moment on, her divine journey began.How the Kumari tradition beganThe custom is said to have originated under King Jaya Prakash Malla in the seventeenth century. According to legend, the king and Goddess Taleju used to secretly play dice. However, the goddess disappeared in rage one evening after the queen unintentionally noticed them. She promised the king that she would return in the form of a young Newar girl before departing. Nepal has been worshipping the goddess in her living form ever since.The selection processBecoming the Kumari is no small feat. A group of senior Buddhist priests chooses the child after an intense and symbolic process:She must belong to the Shakya or Bajracharya family of the Newar community.She must be in perfect health, no scars, wounds, or lost teeth.She must possess the Battis Lakshanas, the 32 divine perfections believed to mark the body of a goddess.Her horoscope must align with that of the King. In an ancient ritual of courage, she must show no fear during symbolic trials involving blood and masked dancers, representing the fearlessness of Goddess Durga.Once chosen, she is ritually purified, believed to be possessed by Goddess Taleju, and officially declared the Living Goddess of Nepal.Life inside the Kumari GharThe Kumari lives in near-seclusion inside the ornate Kumari Ghar of Kathmandu Durbar Square. She is either transported or carried in her golden palanquin if she ever leaves this compound. She spends her days taking part in ceremonial rites, studying with private tutors, and giving brief blessings to guests.When visitors come to seek blessings, even her smallest gestures, a smile, blink, or tear, are believed to predict their fortune.During major festivals like Indra Jatra, she is carried through the streets of Kathmandu in a golden chariot. Thousands gather to catch a glimpse of her — a moment believed to bring divine luck and protection.What happens after her reign endsA Kumari’s divinity ends when she experiences her first menstruation or sheds blood from an injury.She then returns to her family, attends school, and lives an ordinary life. Contrary to old myths, former Kumaris can marry, study, and work, many go on to lead successful, independent lives.Over the years, Nepal has also introduced reforms to ensure her education and well-being, balancing modern child rights with ancient cultural reverence.How to meet the Living Goddess in NepalIf you’re visiting Kathmandu, you can meet or see the Royal Kumari at her residence:Location: Kumari Ghar, Basantapur, Kathmandu Durbar SquareBest time to visit: Late morning to early afternoon (usually between 10 AM and 12 PM)Etiquette: Wait quietly in the courtyard.Remove your shoes and remain respectful.If the Kumari appears at the window, consider it a blessing — avoid shouting or clapping.You may also see her during public festivals like Indra Jatra (August–September), when she is carried in procession through the city.Even a brief sight of her is said to bring spiritual blessings and good fortune.Why the tradition still mattersIn a modern world where myths fade fast, the Kumari tradition stands as a living link between the divine and the human, between faith and identity. It’s a reminder that Nepal’s beauty isn’t just in its mountains and temples, it’s in the way it keeps ancient beliefs alive till this date.
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The Hawk logo
The Hawk
Nov 1, 2025, 05:45 AM
BJP MP Urges Renaming Delhi to 'Indraprastha' to Honor Ancient Heritage

BJP MP Urges Renaming Delhi to 'Indraprastha' to Honor Ancient Heritage

New Delhi, Nov 1 (IANS) BJP MP Praveen Khandelwal, on Saturday, wrote to Union Home Minister Amit Shah, urging that the national capital Delhi be renamed “Indraprastha”, linking it to its ancient civilizational, historical, and cultural heritage. In his letter, Khandelwal said Delhi’s legacy dates back thousands of years and represents the spirit of Indian civilization. He stated that the city was originally established as Indraprastha by the Pandavas during the Mahabharata era — a symbol of dharma (righteousness), justice, and governance based on moral principles. He also requested that Old Delhi Railway Station be renamed “Indraprastha Junction”, and Indira Gandhi International Airport be renamed “Indraprastha Airport”. Khandelwal further proposed that grand statues of the Pandavas be installed at a prominent location in the capital to honor their role in establishing Indraprastha as the seat of power and moral governance. Copies of his letter have also been sent to Union Ministers Ashwini Vaishnaw, Ram Mohan Naidu, Gajendra Singh Shekhawat, and Delhi Chief Minister Rekha Gupta. Khandelwal emphasised that renaming Delhi would restore its ancient identity and serve as an act of historical justice and cultural revival. He cited examples of other historic Indian cities such as Ayodhya, Prayagraj, Ujjain, and Varanasi, which have reconnected with their traditional identities. “When other ancient cities are being restored to their original names, Delhi too deserves to reclaim its glorious identity as Indraprastha,” he wrote. Tracing Delhi’s evolution from Indraprastha to the modern metropolis, Khandelwal noted that the region has been continuously inhabited since the Mahabharata period and remained a hub of trade and governance through the Mauryan, Gupta, Rajput, Sultanate, Mughal, and British eras. He added that renaming Delhi would also promote spiritual and cultural tourism, boosting trade, employment, and the local economy, while reinforcing India’s global identity as a civilization rooted in its cultural pride. In his letter to Home Minister Shah, Khandelwal wrote: “Delhi is not merely a modern capital but the living legacy of the great city of ‘Indraprastha’ from the Mahabharata era, where governance based on dharma and ethics was first established. The time has come to restore to our national capital its true name and identity. When every other city is reconnecting with its cultural roots, Delhi too deserves to be called by its glorious name, ‘Indraprastha.’” “Renaming Delhi as ‘Indraprastha’ will restore history and symbolize our civilizational pride. The name represents India’s ancient values of righteousness, governance, and culture. It will enrich national pride, inspire future generations, and open new avenues for tourism, employment, and economic growth,” he added. --IANS rs/
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Economic Times logo
Economic Times
Nov 1, 2025, 05:31 AM
India Urged to Reassess Oil Imports, Tariffs Amid US Trade Talks

India Urged to Reassess Oil Imports, Tariffs Amid US Trade Talks

SynopsisThe Global Trade Research Initiative (GTRI) has urged India to stop importing oil from sanctioned Russian firms, demand a rollback of U.S. tariffs, and resume trade talks with Washington only on fair terms. The think tank proposed a three-step plan to safeguard India’s trade interests amid ongoing negotiations for a Bilateral Trade Agreement (BTA) with the United States.
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Financial Express logo
Financial Express
Nov 1, 2025, 05:23 AM
AI-Driven Wealth Boom: Tech Titans Dominate Billionaire Rankings

AI-Driven Wealth Boom: Tech Titans Dominate Billionaire Rankings

The impossible $100 billion threshold is no longer the gantry to the world’s fascinating class of super wealthy. The emergence of artificial intelligence has redefined ultra-rich status, making $200 billion the new benchmark. According to theBloomberg Billionaires Index,six tech titans have each crossed the $200 billion milestone. Their combined wealth now stands at a jaw-dropping $1.7 trillion, showing how AI has supercharged tech valuations in 2025. Elon Musk, Larry Ellison, Jeff Bezos,Mark Zuckerberg, Larry Page, andSergey Brinare now each worth as much as or even more than some of America’s biggest corporations, according to Bloomberg. PepsiCo, Uber, Walt Disney, and Intel were each valued at around $200 billion at Thursday’s market close, roughly equal to the fortune of one of these tech titans. Tesla CEO Elon Musk, aiming at a $1 trillion pay package, sits comfortably at the top of the world’s wealth rankings. His fortune is now at a staggering $457 billion. Right behind him is Oracle’s Larry Ellison, whose wealth has climbed to $317 billion amid the ongoing tech and AI boom. Jeff Bezos is now at number three with $265 billion, while Larry Page is not far behind with $244 billion. Mark Zuckerberg and Sergey Brin round off the list with $229 billion and $228 billion, respectively, both seeing huge gains this year as tech stocks continue to soar. French luxury boss Bernard Arnault, who runs LVMH, has also had a good year. His net worth is up nearly $18 billion, touching $194 billion, putting him close to rejoining the elite $200 billion club. Steve Ballmer and Jensen Huang are steadily approaching the $200 billion club, sitting above $175 billion mark. After the top tech names, the list features some other familiar names from different sectors. Michael Dell sits at number nine with a net worth of $164 billion, after a massive $40 billion jump this year. Warren Buffett at $144 billion, while the Walton siblings, Jim, Rob, and Alice, keep their retail crown with fortunes between $123-126 billion. Bill Gates, who once topped this list, now stands at $118 billion after a dramatic drop in his wealth this year. From India, Mukesh Ambani remains the richest with $104 billion, and Gautam Adani at $91.5 billion. Together, the six billionaires have made a profit of around $330 billion in 2025, with Ellison up $124 billion, Page up $76 billion, and Brin up $70 billion. At the beginning of this year, only Musk, Bezos, and Zuckerberg had crossed $200 billion, but the AI rally made this possible in just ten months. Meanwhile, Nvidia, the chipmaker, briefly touched a $5 trillion valuation this week after a 51% surge in its stock. Microsoft, whose shares are up 25% this year, recently crossed the $4 trillion mark before a brief setback. Big Tech firms are carrying out mass layoffs, citing a shift towards AI and investing more in the sector while reducing headcounts. The AI boom hasn’t just made the rich richer, it’s expanded the billionaire universe. The world now counts a record 3,508 billionaires with a total wealth of $13.4 trillion, up over 10% from last year, according to wealth intelligence firm Altrata.
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Times of India logo
Times of India
Nov 1, 2025, 05:17 AM
US Government Shutdown Enters Second Month, Disrupting Air Travel Industry

US Government Shutdown Enters Second Month, Disrupting Air Travel Industry

The US government shutdown has entered its second month, disrupting several sectors and heavily impacting the nation’s air travel industry. Airports across the country continue to face massive delays amid a growing shortage of air traffic controllers, many of whom have now missed their first full paycheck.The Federal Aviation Administration (FAA) said Friday that nearly half of the 30 busiest US airports are struggling with staffing shortages, according to Reuters.'Pilots CAN'T FLY Planes Safely': U.S. Airport Chaos Explodes; Vance Issues Airlines Shutdown AlertThe shortage has caused significant delays at major hubs including Boston, Phoenix, San Francisco, Nashville, Houston, Dallas, and airports in the Washington D.C. area. In New York, JFK, LaGuardia, and Newark Liberty airports are facing average delays of around two hours.Disruptions follow chaotic night of flight cancellationsThe crisis deepened Thursday after the FAA reported that no certified controllers were available for the evening shift at Orlando International Airport, forcing the agency to activate contingency measures. That decision created a chain reaction of delays along the East Coast, leading to a chaotic night of travel for passengers.“Currently, half of our Core 30 facilities are experiencing staffing shortages, and nearly 80 percent of air traffic controllers are absent at New York–area facilities,” the FAA said in a statement posted on X.Urgent calls for Congress to end the shutdownTransportation officials and aviation unions have renewed calls for Congress to resolve the funding deadlock. Reuters, citing Fox News’ America Newsroom, reported that US Transportation Secretary Sean Duffy warned of worsening flight disruptions.“Coming into this weekend and then the week after, I think you are going to see even more disruptions in the airspace,” Reuters quoted Duffy as saying.Nick Daniels, president of the National Air Traffic Controllers Association, urged lawmakers to end the impasse immediately.“Congress must pass a clean continuing resolution to immediately end the government shutdown, ensure that all individuals who have not been paid during this prolonged closure receive their compensation, and then engage in bipartisan negotiations on other pressing issues facing our nation,” he said.Industry fears holiday chaosThe prolonged shutdown has raised fears of a “holiday meltdown” if the standoff continues into the Thanksgiving rush. Vice President JD Vance warned, “It could be a disaster. At that point, you’re talking about people have missed three paychecks. How many of them are not going to show up for work?”United Airlines CEO Scott Kirby said the impact is already being felt across the economy.“It’s putting stress on the economy,” he said.“It is time to pass a clean CR.”According to Reuters, more than 13,000 air traffic controllers and 50,000 Transportation Security Administration officers continue to work without pay.Budget deadlock continuesA government shutdown occurs when Congress fails to pass a budget to fund federal agencies and programs. The current closure stems from a standoff between Republicans, who want a clean continuing resolution to reopen the government, and Democrats, who are pushing to include an extension of health insurance subsidies to prevent consumer cost hikes.As the shutdown stretches into its second month, travel disruptions are mounting — with no resolution yet in sight.
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Economic Times
Nov 1, 2025, 04:55 AM
Global Tech Leaders Fuel India's AI Infrastructure Boom

Global Tech Leaders Fuel India's AI Infrastructure Boom

SynopsisGlobal tech leaders are investing heavily in India's artificial intelligence infrastructure. This surge in funding is creating significant opportunities for local companies. Investors are identifying firms that will benefit from the build-out of essential facilities. Data center investments are projected to exceed $100 billion by 2027. This development is expected to boost the power sector and related equipment manufacturers.
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The Hawk logo
The Hawk
Nov 1, 2025, 04:45 AM
India Disputes UN Report on Threats to Traditional Cultural Expressions

India Disputes UN Report on Threats to Traditional Cultural Expressions

United Nations, Nov 1 (IANS) India has criticised as "inaccurate" a UN report that made several far-fetched claims to assert "traditional cultural expressions" are under threat in the country, and pointed out that traditional arts, crafts and performances are thriving. India possesses a rich and diverse cultural heritage of artistic, literary, musical, and craft traditions spanning millennia... they continue to flourish across the country," Lok Sabha member Indra Hang Subba said on Friday, India’s "cultural economy, including traditional arts, crafts, and performances, continues to thrive with the robust popular and government support", the MP from the Sikkim Krantikari Morcha said. "We find no empirical data that substantiates the claim of declining demand for India's traditional cultural expressions," he said. "Recognising the immense value of this heritage, India has established comprehensive legal and institutional frameworks to protect and promote traditional knowledge and cultural expressions and the geographical indications of goods," he said. Subba was responding to claims by Alexandra Xanthaki, the UN’s Special Rapporteur for Cultural Rights, in her report that was being discussed at the General Assembly’s Third Committee, which deals with cultural issues. The Sikkim Krantikari Morcha lawmaker is among the MPs in India’s delegation to the General Assembly. Xanthaki, a professor at Britain’s Brunel University, is one of the special rapporteurs, who are unpaid independent experts appointed by the UN Human Rights Council to monitor what it asserts are human rights issues and do not necessarily reflect the views of the Secretary-General or the UN. She said in her report that "cultural expressions" in India were facing decreasing demand and were further threatened by middlemen and copyright laws. Her report also made a strange claim that the Indian Copyright Act was of a "communal nature" and, therefore, did not adequately protect the "form of traditional knowledge and art". Subba said: "The characterisation of protection under India's copyright law as superficial is inaccurate and unwarranted." The Copyright Act and the Information Technology Act "provide robust mechanisms to regulate intermediaries, and protect creators’ rights, including provisions for licensing, royalty collection and enforcement against infringement", he said. Footnotes in Xanthaki's report indicate that these observations were based on submissions from the Centre for Advanced Studies in Cyber Law and Artificial Intelligence at Rajiv Gandhi National University of Law in Punjab. She said that threats to traditional art were "exacerbated" by AI-generated art, which imitates traditional art without crediting or compensating the creators. Subba, however, said that "technology and new digital platforms have further enhanced the outreach of and the demand for traditional cultural expressions”. While focusing on AI, Xanthaki mentioned that a group of major newspaper and book publishers has brought a case before the Delhi High Court, claiming that OpenAI is using their content without authorisation to train ChatGPT. She criticised the use of AI, citing its inadequacies in creating Indian classical music and dance. Indian classical music’s "microtonal variations known as shruti and raga cannot be reproduced by AI tools", she said, and, therefore, do not “capture the emotional essence and depth of what artists are trying to convey through the art form”. "The widely popular dance form from Tamil Nadu has its own set of codified gestures and rhythmic sequences that become a struggle for AI", and "robs the dance form of its emotional expression", she said. --IANS al/vd
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The Hawk logo
The Hawk
Nov 1, 2025, 04:45 AM
India's UPI Transactions Surge Amid GST Reforms

India's UPI Transactions Surge Amid GST Reforms

New Delhi, Nov 1 (IANS) Amid the GST 2.0 reforms, the unified payments interface (UPI) witnessed 25 per cent transaction count growth (year-on-year) at 20.70 billion in the month of October — along with registering 16 per cent annual growth in transaction amount at Rs 27.28 lakh crore, the National Payments Corporation of India (NPCI) data showed on Saturday. Month-wise too, UPI witnessed a growth in transaction amount, from Rs 24.90 lakh crore in September. Average daily transaction amount in October stood at Rs 87,993 crore, a significant rise from Rs 82,991 crore in September, the NPCI data showed. The month of October recorded 668 million average daily transaction counts, up from 654 million registered in September. In September, the UPI saw 31 per cent transaction count growth (year-on-year) at 19.63 billion — with 21 per cent month-on-month growth in transaction amount at Rs 24.90 lakh crore (in August). Monthly transactions via instant money transfer (IMPS) went up 2 per cent in October at 6.42 lakh crore (on-year), and up 6 per cent (on-month) from Rs 5.97 lakh crore in September, the data showed. Daily transaction amount via IMPS stood at Rs 20,709 crore, up from Rs 19,895 crore in September. Meanwhile, UPI continues to dominate the country’s digital payments landscape, with transactions surging 35 per cent year-on-year (YoY) to reach 106.36 billion in the first half of 2025, data showed this week. The total value of these transactions stood at a massive Rs 143.34 lakh crore -- highlighting how deeply digital payments have become a part of everyday life in India, according to Worldline’s India Digital Payments Report (1H 2025). Person-to-merchant (P2M) transactions grew 37 per cent to 67.01 billion, driven by the “Kirana Effect,” where small and micro businesses have become the backbone of India’s digital economy. India’s QR-based payment network also saw tremendous growth, more than doubling to 678 million by June 2025 -- a 111 per cent rise from January 2024. --IANS na/
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The Hawk logo
The Hawk
Nov 1, 2025, 04:40 AM
India's Digital Payments Landscape Sees Significant Growth Amid GST Reforms

India's Digital Payments Landscape Sees Significant Growth Amid GST Reforms

New Delhi, Nov 1 (IANS) Amid the GST 2.0 reforms, the unified payments interface (UPI) witnessed 25 per cent transaction count growth (year-on-year) at 20.70 billion in the month of October — along with registering 16 per cent annual growth in transaction amount at Rs 27.28 lakh crore, the National Payments Corporation of India (NPCI) data showed on Saturday. Month-wise too, UPI witnessed a growth in transaction amount, from Rs 24.90 lakh crore in September. Average daily transaction amount in October stood at Rs 87,993 crore, a significant rise from Rs 82,991 crore in September, the NPCI data showed. The month of October recorded 668 million average daily transaction counts, up from 654 million registered in September. In September, the UPI saw 31 per cent transaction count growth (year-on-year) at 19.63 billion — with 21 per cent month-on-month growth in transaction amount at Rs 24.90 lakh crore (in August). Monthly transactions via instant money transfer (IMPS) went up 2 per cent in October at 6.42 lakh crore (on-year), and up 6 per cent (on-month) from Rs 5.97 lakh crore in September, the data showed. Daily transaction amount via IMPS stood at Rs 20,709 crore, up from Rs 19,895 crore in September. Meanwhile, UPI continues to dominate the country’s digital payments landscape, with transactions surging 35 per cent year-on-year (YoY) to reach 106.36 billion in the first half of 2025, data showed this week. The total value of these transactions stood at a massive Rs 143.34 lakh crore -- highlighting how deeply digital payments have become a part of everyday life in India, according to Worldline’s India Digital Payments Report (1H 2025). Person-to-merchant (P2M) transactions grew 37 per cent to 67.01 billion, driven by the “Kirana Effect,” where small and micro businesses have become the backbone of India’s digital economy. India’s QR-based payment network also saw tremendous growth, more than doubling to 678 million by June 2025 -- a 111 per cent rise from January 2024. --IANS na/
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Times of India logo
Times of India
Nov 1, 2025, 04:12 AM
Indian Homemaker Dies by Suicide Amid Fears of SIR-NRC, Leaving Behind a Haunting Note

Indian Homemaker Dies by Suicide Amid Fears of SIR-NRC, Leaving Behind a Haunting Note

Kakoli Sarkar’s family members at their Titagarh homeKOLKATA: A 32-year-old Titagarh homemaker,Kakoli Sarkar,originally from Dhaka, died by suicide early on Friday bysetting herself on fire. She had come to India 15 years ago after marrying a Titagarh businessman.The mother of two daughters, she reportedly took the extreme step over fears related to SIR-NRC, her mother-in-law alleged.Police are questioning her husband and in-laws to find out the exact cause of her death.This is the fourth such suicide or suicide attempt in Bengal in the past four days in which the victims’ families have cited SIR and NRC fears as the reason. She was now an Indian citizen, having voted in several elections.Police said Kakoli left behind a suicide note blaming no one for her death but expressing a deep yearning for her family in Dhaka, where she lived before her marriage to Titagarh garment trader Sabuj Sarkar in 2011. Originally from Nababganj in Dhaka, she had been living in India for the past 15 years. Family members told police that Kakoli had all valid Indian documents, including Aadhaar and PAN cards, and regularly voted in elections.You Can Also Check:Kolkata AQI|Weather in Kolkata|Gold Rate Today in Kolkata|Silver Rate Today in Kolkata“But she often feared she would be sent back to Bangladesh because her name was not on the 2002 voters’ list. After SIR was declared, her anxiety grew,” said her mother-inlaw, Shibani Sarkar.Police said the suicide note read: “No one is responsible for my death… I don’t feel well here. I love my parents, brothers, sisters, and everyone there... so I feel sad. My husband’s family here say this Bangladesh is not good. They ask how Muslims conduct themselves.No one is responsible for my death… I am leaving everyone… Please take care of my two daughters…” Cops said while the woman is Indian, her parents are Bangladeshis.She never visited Bangladesh in the 15 years since her wedding, they said. Locals said Kakoli had argued with her husband on Thursday night after expressing her desire to visit Bangladesh for her brother’s wedding.“Her husband and in-laws reportedly stopped her, citing documentation risks under NRCand SIR.She hadn’t even been able to visit her mother before she passed away a few months ago,” said a neighbour.Police have detained Kakoli’s husband Sabuj, father-inlaw Suresh, and brother-inlaw Shanti for questioning. “They are being interrogated to ascertain the reason behind the death. The suicide note will be examined by forensic experts,” said a Barrackpore Commissionerate officer.Police said Kakoli set herself on fire on the terrace of the two-storey house on KG School Road while other family members were asleep.Her charred body was recovered in the morning and taken to hospital, where she was declared dead.“The note reflected her emotional distress as she could not visit her parents for several years despite repeated attempts,” Barrackpore commissioner of police Murlidhar Sharma toldTOI. He said her in-laws provided documents supporting her Indian citizenship. “We are verifying the documents and statements of the family members,” he said.
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DD News logo
DD News
Nov 1, 2025, 04:08 AM
Hurricane Melissa Wreaks Havoc Across Caribbean, Leaving Trail of Destruction and Death

Hurricane Melissa Wreaks Havoc Across Caribbean, Leaving Trail of Destruction and Death

Melissa, one of the strongest storms on record to make landfall in the Caribbean, began to dissipate on Friday after sowing devastation across much of Jamaica, cutting off communities in Cuba, drenching Haiti and leaving at least 50 dead. Melissa was the most powerful storm ever to directly hit Jamaica, and the first major hurricane to do so since 1988. U.S. forecaster AccuWeather estimated $48 billion to $52 billion in damage and economic loss across the western Caribbean. Melissa pounded southwestern Jamaica on Tuesday as a powerful Category 5 hurricane, well above minimum wind speeds for the strongest hurricane classification, and devastated many areas already battered by last year’s Hurricane Beryl. Jamaica’s information minister confirmed at least 19 deaths on Friday but said there were indications more bodies would be recovered. Some 462,000 people remain without power and emergency food distributions have started, she said. In Haiti, which was not directly hit but suffered days of torrential rains from the slow-moving storm, authorities reported at least 31 deaths and 20 more missing. At least 23 people, including 10 children, died in Haiti’s southern town of Petit-Goave when a river burst its banks. Roads, houses and farmland were also damaged by the rains. “It is a sad moment for the country,” the head of Haiti’s transitional presidential council said. “In addition to the deaths and missing people, there is a lot of material damage: houses have been destroyed, fields flooded, livestock lost and roads cut off.” Authorities also warned of the risk of cholera, which re-emerged in Haiti in 2022 and spreads through contaminated water. In Cuba, which Melissa struck as a Category 3 hurricane, no deaths were reported as of Friday, though it caused extensive damage to homes, roads and crops. Hundreds of thousands were evacuated from eastern Cuba and around the island’s second-biggest city, Santiago de Cuba. ‘AS IF A BOMB HAS GONE OFF’ Melissa knocked out communications in five of Jamaica’s 14 parishes, local government minister Desmond McKenzie told a briefing, as he presented an initial assessment of the damage. “It is not a pretty reading,” he said of the north-western port town of Falmouth: “The municipal building has been destroyed. The infirmary: destroyed. The roads and works department: destroyed. The courthouse: destroyed.” Flights carrying humanitarian aid began to land in Jamaica on Thursday, while the country’s military called on reserves to help in relief and rescue efforts. “The situation on the ground is what can only be described as apocalyptic,” World Food Programme Caribbean director Brian Bogart told a press briefing after visiting Black River, near where Melissa made landfall in Jamaica. “It appears as if a bomb has gone off in that community and people are still in shock.” Pamella Foster, a Black River resident, said she was trying to be strong for her grandchildren after she returned to find her home destroyed, its roof, windows and doors torn away and kitchen swept out to sea. “We will survive,” she said. “But the pain, it’s like your heart, your stomach just bursts. It’s just too much.” U.S. forecaster AccuWeather said Melissa was the third most-intense hurricane observed in the Caribbean, as well as its slowest-moving, compounding the damages across affected areas. Scientists say hurricanes are intensifying faster, and with greater frequency, as a result of warming ocean waters caused by greenhouse gas emissions. Many Caribbean leaders have called on wealthy, heavy-polluting nations to provide reparations in the form of aid or debt relief. As of 11 a.m. (1500 GMT) on Friday, Melissa was a post-tropical cyclone with maximum sustained winds of 85 mph (137 kph), heading northeast towards Iceland and the Faroe Islands. (Reuters)
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The Hawk logo
The Hawk
Nov 1, 2025, 04:05 AM
India's Commerce Minister Emphasizes Scaling Domestic Capital for Aatmanirbhar Bharat

India's Commerce Minister Emphasizes Scaling Domestic Capital for Aatmanirbhar Bharat

Bengaluru, Nov 1 (IANS) There is a need to scale domestic capital, nurture homegrown funds, and encourage startups to contribute to ‘Aatmanirbhar Bharat’ by developing frontier technologies in India, according to Commerce and Industry Minister, Piyush Goyal. He said that the government remains committed to strengthening India’s DeepTech ecosystem, enhancing ease of doing business, reducing compliance burden, and promoting innovation and entrepreneurship. More than 35 DeepTech and semiconductor startups and over 30 leading venture capital firms interacted with Goyal, at a roundtable held in Bengaluru. “Aligned with the vision of Prime Minister Narendra Modi, for a Viksit Bharat at 2047, efforts are underway to build a future-ready, innovation-led economy,” he mentioned. The session was hosted by 3one4 Capital Chairman T.V. Mohandas Pai, and Prashanth Prakash, Partner, Accel Partners, in the presence of Startup India, Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, and in association with TiE Bangalore and IVCA. The discussions focused on strengthening India’s DeepTech ecosystem and identifying policy measures to support innovation-driven growth. The interaction included discussions with DeepTech and semiconductor startups working in areas such as semiconductor design, artificial intelligence, quantum computing, robotics, advanced materials, and machine learning infrastructure. According to a ministry statement, startups including Agnit Semiconductors, QpiAI, Nabhdrishti Aerospace, EtherealX, Fabheads, Ethereal Machines, Dozee, Exponent Energy, SignalChip Innovations, and QNu Labs shared their experiences and outlined challenges related to long development cycles, patient capital access, and technology commercialisation. Investors representing leading funds such as Celesta Capital, Blume Ventures, Avaana Capital, Peak XV, Creagis, and 3one4 Capital shared perspectives on supporting long-term DeepTech innovation, developing sustainable exit pathways, and exploring opportunities for co-investment. They also discussed policy frameworks that could help strengthen India’s position in global technology value chains. The discussions concluded with an agreement to continue structured engagement between DPIIT, TiE Bangalore, and the DeepTech ecosystem to identify and address policy priorities. —IANS na/
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The Free Press Journal
Nov 1, 2025, 03:54 AM
Bank of Baroda Reports Mixed Q2 Results, Asset Quality Improves

Bank of Baroda Reports Mixed Q2 Results, Asset Quality Improves

Mumbai: State-run Bank of Baroda on Friday reported an 8 per cent decline in its net profit for the September quarter to Rs 4,809 crore, due to softer core income growth and a high base impact. 🟡BANKBARODA - Q2FY26 - WEAK PROFITABILITY NOS BUT ASSET QUALITY IMPROVINGBank of Baroda reported mixed Q2 FY26 results with a YoY decline in Net Profit and Operating Profit due to lower non-interest income.However, asset quality improvement, a reduction in provisions, and…pic.twitter.com/zyASnjrfYb The public sector bank's core net interest income grew 2.7 per cent to Rs 11,954 crore on the back of a nearly 12 per cent growth in advances and a compression in the net interest margin to 2.96 per cent as against 3.11 per cent in the year-ago period.Total income also declined to Rs 35,026 crore in the second quarter from Rs 35,445 crore in the same period of the previous fiscal. Its managing director and chief executive Debadatta Chand told reporters that it was able to increase the NIMs from a sequential perspective from the 2.91 per cent in the June quarter, and added that the number will remain "range-bound" in Q3 and widen in Q4. The FY26 NIM will be between 2.85-3 per cent, he added. The bank is maintaining its FY26 credit growth target at 11-13 per cent, he said, listing out ambitious plans to accelerate corporate lending in the second half of the fiscal.The corporate loan book grew by 3 per cent in the reporting quarter, making it the second consecutive three-month period of a softer growth in the large-value advances. Chand attributed the softer growth to the demands of lower rates from the segment and added that the bank prioritised its NIMs. The bank has a pipeline consisting of loan sanctions of Rs 40,000 crore yet to be disbursed and another Rs 25,000 crore under various stages of discussion, and exuded confidence about it meeting the 10-11 per cent corporate loan target.He hinted that the accelerated corporate loan growth in the second half will not come at the cost of NIMs. Retail advances growth drove the overall loan growth in Q2, and Chand said the retail, agriculture and MSME segments now constitute 62 per cent of the overall book. Without sharing a timeline, he said the bank aspires to take it up to 65 per cent.From an asset quality perspective, the fresh slippages came down to Rs 2,669 crore from Rs 2,788 crore, and the micro, small and medium enterprises segment led with Rs 986 crore contribution to the number during the reporting quarter. The gross non-performing assets ratio improved to 2.16 per cent at end-September from 2.28 per cent three months ago.Overall provisions declined by 47 per cent to Rs 883 crore, driven by a halving in money set aside for bad debt, but the bank decided to keep an additional Rs 400 crore on standard assets as floating provisions keeping in mind the systemic transition to the expected credit loss (ECL) method. Chand said the overall floating provision buffer has now gone up to Rs 1,000 crore, and added that in the run-up to the adoption of the new system from April 2027 whenever it gets the space. However, he did not specify the quantum of money required to be set aside or the bank's exact provisioning plans. The non-interest income dipped 32 per cent on-year to Rs 3,515 crore, majorly on a high base. Chand said last year, it had a Rs 900 crore gain coming on account of recovery from a written-off account, which was non-existent in the reporting quarter.The bank's auto loan disbursements have grown 25 per cent since the September 22 cut in GST, as vehicle sales go up, Chand said.Overall capital adequacy for the lender stood at 16.54 per cent as on September 30, with the core tier-I at 13.36 per cent.BoB shares closed 2.05 per cent up at Rs 278.30 apiece on the BSE on Friday, as against a 0.55 per cent correction on the benchmark Sensex. Disclaimer: This story is from the syndicated feed. Nothing has changed except the headline.
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Deccan Herald logo
Deccan Herald
Nov 1, 2025, 03:40 AM
Trump Renovates White House Bathroom in His Own Style

Trump Renovates White House Bathroom in His Own Style

Washington: PresidentDonald Trumpis not stopping with the East Wing. On Friday, Trump said he had renovated the bathroom in the Lincoln Bedroom, posting two dozen photos on social media as he continues to remodel theWhite Housein his own style. Trump said the new design of black and white marble with gold faucets and light fixtures was “very appropriate for the time of Abraham Lincoln.” The White House did not say, in response to questions, who paid for the renovation, how much it cost or which contractor built it. The bathroom is only the latest remodel that Trump has undertaken at the White House, including the demolition of the East Wing. He has wide latitude as president to make changes, although critics have raised questions about the funding and lack of transparency. President Harry Truman redid the bathroom in 1945, and Trump has repeatedly criticized its style. Speaking to donors this month, Trump called the bathroom’s style “not good.” “Art deco doesn’t go with, you know, 1850 and civil wars and all of the problems,” Trump said. “But what does is statuary marble. So I ripped it apart and we built the bathroom. It’s absolutely gorgeous and totally in keeping with that time.” Edward Lengel, who served as the chief historian of the White House Historical Association, said of the photos Trump posted: “It doesn’t look anything like 1860s interiors to me.” Michael Bishop, the former executive director of the Abraham Lincoln Bicentennial Commission, said the bathroom was a sitting room in the president’s day and was unlikely to have included marble. “The present-day bathroom only takes up a portion of the Lincoln sitting room,” Bishop said. “They created a bathroom in the corner of this room. Trump’s change to the bathroom is not remotely a crime against historical preservation or anything like that. It was just a fairly dated-looking bathroom.” Historian Harold Holzer, author of many books about Lincoln, said that when Lincoln moved into the White House in 1861, there were two water closets on the second floor, including one adjacent to the rooms where he lived with the family. When Mary Todd Lincoln complained about the overall poor condition of the White House, Holzer said, he reminded her that it was better than any other house they had ever lived in. “Lincoln had an outhouse in Springfield, and heaven knows what when he lived in log cabins with his parents, so the plain bathroom was fine with him,” Holzer said. “He thought it was a majestic step up.” During his second term, Trump has wasted no time making changes to historical elements of the White House, arguing that parts of it are dated or too small. He tore down the entire East Wing, which had stood for more than a century, to make way for a planned 90,000-square-foot, $300 million ballroom that he said was necessary for receiving dignitaries. His plans for the size of the ballroom continue to expand. Trump has said that he and a group of donors — not the taxpayers — are footing the bill for the ballroom. His staff has released a list of donors, but has not said how much each one has given. The money is being deposited in the Trust for the National Mall, a nonprofit, tax-exempt entity that is not subject to transparency laws. He also has added gold moldings and gold decorations throughout the Oval Office, and gold ornaments to the Cabinet Room. He cut down the White House’s historic magnolia tree, which President Andrew Jackson planted in 1829 in memory of his wife, Rachel. He removed a photo of Hillary Clinton and replaced it with an image of his own face colored with the American flag. He added marble floors and a chandelier to the Palm Room. He paved over the Rose Garden grass to add a patio. Along the West Wing colonnade, he added gold-framed photos of every American president except his predecessor, Joe Biden, whom he depicted as an autopen. Trump and White House staff members say the president is granted wide latitude to make renovations on the property. Trump has said he is not subject to zoning regulations or permitting requirements.
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Times of India logo
Times of India
Nov 1, 2025, 03:30 AM
Unlock the Magic of Walking: A Simple Solution for a Longer, Healthier Life

Unlock the Magic of Walking: A Simple Solution for a Longer, Healthier Life

credit: canvaIn an era of quick fixes, superfoods, and supplements that claim to reverse the clock, fitness trainer Dan Go proposes a rather straightforward solution. It is not found in a bottle, nor on a counter.It is something every human being was born to engage in. The nearest to a magic pill, he says, is walking.That may sound too good to be true. But Go asserts that the science of walking is far from mundane. In his view, a daily walking habit can rewind biological age, enhance memory, enhance mood, and enhance longevity. "The solution has been beneath your feet the whole time," he quotes.A simple habit with diverse effectsBeing one of the oldest and natural forms of physical exercise there is, in the modern world, it has practically become a rarity, in the era of fad diets and gym routines.Walking is the oldest and most natural form of exercise. However, in the modern world, it has practically become a rarity.Research published in the NIH indicates that our hunter-gatherer ancestors used to walk close to 17,000 steps a day. Nowadays, the average person manages only 4,000 steps at best, locked away in desks, screens, and sedentary work patterns, says Dan Go.Dan Go mentions that a mere 150 minutes of vigorous walking a week, or about 30 minutes a day for five days, can reverse your biological age by as much as 7.5 years.Walking, Go explains, affects several fronts. It is beneficial for heart health, promotes circulation, boosts immunity, and normalizes hormones. In contrast to high-intensity exercises that require discipline and recuperation, walking is low-impact on the joints and available to all regardless of age or fitness. It is an act of movement that heals rather than depletes.The science behind the strideWhat's the magic of walking? Dan Go reduces it to clear, quantifiable advantages:25% less depression: Walking stimulates the production of endorphins and serotonin, the feel-good neurotransmitters of the brain. It lessens symptoms of anxiety and stabilizes mood.4.2% larger hippocampus: Regular walking has been associated with a larger hippocampus, the area of the brain involved in memory and learning. It translates into better memory, more acute thinking, and slower cognitive aging.Lower blood pressure: Walking maintains vascular well-being by preventing the stiffening of arteries and lowering the risk of hypertension.Stable insulin levels: Post-meal walks cause the body to level out blood sugar, lowering the spikes and lowering the risk of insulin resistance.These effects contribute to what researchers term "healthy aging."Walking does not merely add years to life; it adds life to years.Nature walks: The added boostIf walking within the gym or on the local neighborhood street is good, walking outdoors is better. Go emphasizes that "nature walks are medicine." When you take a walk outside, particularly in green or natural environments, cortisol levels decrease, stress hormones decline, and the immune system is boosted. This relationship between the body and the outdoors has quantifiable psychological advantages.Individuals who take walks in parks, woods, or open spaces sleep better, maintain better concentration, and have increased emotional stability.Contemporary science has come to name this biophilic restoration—the natural capacity of the body to self-heal and rebalance itself by engaging with nature. Taking an easy walk under trees or beside a river can bring on physiological relaxation, which can aid the body in recuperating from stress and mental exhaustion.Zero cost, max impactUnlike wellness solutions generally, walking is low-cost. It doesn't involve having to pay for gym memberships, supplements, or costly equipment. It has zero side effects and zero cost. The only investment required is consistency.Dan Go terms it "the most accessible form of transformation." Most people underappreciate it because it appears far too idealistic. However, in simplicity lies its power. You don't have to master a technique, tally up macros, or force yourself through fatigue.All you have to do is move your feet.Walking also leaves room for contemplation and mental clarity. It is a walking meditation—a moment when the mind quiets and the nervous system reboots.Why walking beats any supplementGo thinks that the wellness industry has trained people to pursue complicated answers. "Get out of looking for supplements," he says. "The solution's been under your feet this whole time." Walking benefits almost all the body's systems—the cardiovascular system, the endocrine system, the brain, and even digestion.Unlike pills that affect individual symptoms, walking affects the whole physiology in a unified manner.Daily walking detoxifies the body by sweating and breathing, promotes lymphatic flow, and aids digestion. It can even contribute to improved sleep and hormonal balance. Essentially, it returns the body to the rhythm for which it was built.The path forwardDan Go's message is deceptively straightforward: begin modestly, be consistent, and have faith in the process.You do not have to monitor every step and seek perfection. Start at ten to fifteen minutes per day and build up to thirty. Select comfortable footwear, select a route that you find enjoyable, and employ that time to disconnect from screens and reconnect with your inner self.The sorcery of walking is not in intensity but in consistency. Every step reminds us that healing doesn't necessarily require complicating matters—it requires motion. It is the most natural, enduring means of feeling younger, stronger, and more vibrant.The next time, while considering a health fad, think again! The easiest answer lies at the doorstep. Step out, take a deep breath, and begin to walk! The future self will appreciate it.
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Times of India logo
Times of India
Nov 1, 2025, 03:30 AM
Hema Malini and Dimple Kapadia: An Unlikely Bond of Friendship and Love

Hema Malini and Dimple Kapadia: An Unlikely Bond of Friendship and Love

Hema MaliniandRajesh Khannaworked together in many memorable films like ‘Andaz’, ‘Mehbooba’, ‘Prem Nagar’ and ‘Babu’, becoming one of Bollywood’s most successful on-screen pairs. But more than him, Hema formed a lasting bond with his wife, the beautiful and talentedDimple Kapadia.The two actresses, despite their age gap, shared a deep friendship built on honesty, empathy and emotional understanding. Their connection, however, wasn’t without its moments of tension, one of them being when Dimple once told Hema, “Dharmendra will never marry you.”Hema Malini Says 'no Regrets' About Marrying Already-married DharmendraHema Malini and Dimple Kapadia’s unlikely bondAt that time, Hema Malini was already an established star, while Dimple Kapadia was just a teenager trying to adjust to her new life after marrying Rajesh Khanna at the age of 16.Hema, who was nine years older, felt a “warm feeling” towards Dimple and fondly called her a “kid sister.”In her biography ‘Hema Malini: Beyond the Dream Girl’ by Ram Kamal Mukherjee, the 'Sholay' actress recalled her first impression of the 'Bobby' actress. “This kid was all wrapped up in a big sari, with a jooda and bangles covering her arms. Then she had a baby soon after,” Hema shared as quoted by NDTV.The actress described how Dimple seemed lonely and out of place in the film world despite being married to a superstar.“During the outdoor locations, she would sit there smoking and drinking, but I never felt it looked wrong or indecent. I know she was going through a lot of tension, and she was such a lonely girl. Rajesh used to shoot all day, and in the evenings, he would sit with his friends and chat late into the night and drink. She had no company,” Hema recalled.Dimple Kapadia warned Hema Malini aboutDharmendraWhile Dimple was trying to find her space in her marriage, Hema Malini was facing her own emotional struggles.The actress had fallen in love with Dharmendra, a married man and father of four , Sunny, Bobby, Ajeita and Vijeta.In the biography, the 'Dil Chahta Hai' actress admitted she used to get very emotional about Hema’s situation. Her concern often came out in the form of blunt advice. “You see, I was such a hot-headed person in those days that I’d get all worked up about her problems. I’d tell her things like, ‘This man (Dharmendra) is never going to marry you. You better sit up and do something about it.’ And if she had listened to me…” Dimple confessed.Hema Malini and Dharmendra later tie the knotDespite Dimple’s firm words, fate had other plans. Hema Malini and Dharmendra married in 1980 and later welcomed two daughters,Esha Deoland Ahana Deol.
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Economic Times logo
Economic Times
Nov 1, 2025, 03:27 AM
US Faces Severe Penny Shortage After Trump's Halt in Production

US Faces Severe Penny Shortage After Trump's Halt in Production

SynopsisThe US is experiencing a severe penny shortage after President Trump's decision to halt production, leading businesses to round cash sales. Banks cannot obtain new pennies from the Federal Reserve, exacerbating the problem as the holiday shopping season approaches. This abrupt end to penny minting has created logistical issues and potential legal challenges for retailers.
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Times of India logo
Times of India
Nov 1, 2025, 03:26 AM
India Must Create Its Own Patient Capital for Startup Growth: Commerce Minister Piyush Goyal

India Must Create Its Own Patient Capital for Startup Growth: Commerce Minister Piyush Goyal

BENGALURU: India has the depth and savings to create its own pool of patient capital, commerce and industry ministerPiyush Goyalsaid on Friday, and called for greater use of domestic funds to accelerate the next phase of growth in the country’s startup ecosystem.“I asked my team to look at the regulatory framework so that long-term domestic funds—like pension and insurance—can participate in venture investments. We should not be overly dependent on foreign venture capital. India has the depth and savings to create its own pool of patient capital. The next decade will be about patient capital—investors who believe in India’s structural growth rather than chasing short-term returns,” he said at the eleventh edition of the ET Startup Awards 2025 held in Bengaluru on Friday.From Deep-Tech To Defence: Commerce Minister Piyush Goyal Urges End To India’s Foreign DependenceGoyal also emphasised the need for family offices to create larger pools of capital for startups and ensure that funds reach entrepreneurs even in smaller towns across India to strengthen the startup ecosystem. When asked about the FDI slowdown and whether the govt would revisit some norms to boost investments into India, Goyal said there is no slowdown, adding that recent figures show a significant uptick in FDI inflows.India, he said, continues to attract strong FDI inflows despite global uncertainties, with the world viewing the country as a “trusted partner and a stable investment destination.”He said investors appreciate India’s consistency in policy and the clarity of the economic direction . “We don’t make knee-jerk changes; we believe in stability and predictability,” Goyal said, adding that many global companies, now see India “not just as a market but as a manufacturing and innovation hub” and want to be part of the India growth story.Goyal also said India is in the final lap of negotiations with the US on the trade deal. “Wherever we get a good deal, a fair deal, an equitable deal, India will be ready to put a signature. We are at an advanced stage of discussions both with the European Union and the US.”
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Economic Times logo
Economic Times
Nov 1, 2025, 03:20 AM
Finding Happiness Through Simplification: 'Addition by Subtraction'

Finding Happiness Through Simplification: 'Addition by Subtraction'

SynopsisIndustrialist Harsh Goenka shared a perspective on happiness, suggesting genuine contentment comes from doing less and simplifying priorities. He advocated for "addition by subtraction," emphasizing that inner peace is often achieved by eliminating excess. While many chase productivity, those at ease pause to enjoy life, highlighting that busyness is a choice and true success lies in balance and presence.
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The Free Press Journal logo
The Free Press Journal
Nov 1, 2025, 02:56 AM
Mumbai Experiences Unseasonal Rainfall, Air Quality Improves Significantly

Mumbai Experiences Unseasonal Rainfall, Air Quality Improves Significantly

Mumbai:Mumbai woke up to cloudy skies and light haze on Saturday morning after a spell of moderate showers the previous evening. The India Meteorological Department (IMD) has forecast partly cloudy skies with a possibility of moderate rain or thunderstorms later in the day, as the city continues to experience intermittent unseasonal rainfall. Thunderstorm accompanied with lightning, light to moderate rainfall gusty winds with speed reaching 30-40 kmph, very likely to occur at isolated places in the districts of Marathwada. तपशीलवार जिल्हानिहाय हवामान अंदाज व चेतावणीसाठी कृपयाhttps://t.co/jw7yrf9chDभेट घ्या.pic.twitter.com/gE0dJ7csuM Today's Weather Update According to the IMD’s latest update, the maximum temperature in Mumbai is expected to hover around 33°C, while the minimum could drop to 24°C. The recent rainfall has brought temporary relief from the lingering heat and has also helped cleanse the air, leading to a significant improvement in the city’s air quality, which had deteriorated in recent weeks due to stagnant winds and rising pollution levels. Air Quality Imporves To Good Category Data from AQI.in on Saturday morning placed Mumbai’s overall Air Quality Index (AQI) at 50, categorised as good. This marks a sharp improvement from the unhealthy range recorded earlier in October. The improvement was visible across most parts of the city, with clearer skies, reduced haze and better visibility reported in several areas. Among the city’s monitoring stations, Jogeshwari recorded the highest AQI at 63 (Moderate), followed by Worli (60), Kurla (57), Wadala Truck Terminal (57), and Parel-Bhoiwada (55). In contrast, areas such as Kandivali East (35), Deonar (40), Mumbai Airport (45), Colaba (45), and Sion (45) reported much cleaner air, all falling in the Good category. As per AQI.in’s classification, AQI levels between 0–50 are considered “Good,” 51–100 “Moderate,” 101–150 “Poor,” 151–200 “Unhealthy,” and values above 200 range from “Severe” to “Hazardous.” Also Watch: Mercury Drops Below Normal Level On Friday, Mumbai’s Santacruz observatory recorded a maximum temperature of 30°C, which was 4.7°C below normal, following multiple spells of unseasonal rain and thunderstorms through the week. According to the IMD, the ongoing cyclonic circulation and low-pressure system over the Arabian Sea have kept the Konkan region, including Mumbai under a Yellow Alert for the past few days. Several districts across Maharashtra have experienced light to moderate rainfall accompanied by gusty winds and thunder activity. To get details on exclusive and budget-friendly property deals in Mumbai & surrounding regions, do visit:https://budgetproperties.in/
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The Hawk logo
The Hawk
Nov 1, 2025, 02:54 AM
South Korea's Lee and China's Xi to Hold First Summit Talks Amid Denuclearization Concerns

South Korea's Lee and China's Xi to Hold First Summit Talks Amid Denuclearization Concerns

Gyeongju, Nov 1 (IANS) South Korean President Lee Jae Myung and Chinese President Xi Jinping are set to hold their first summit talks on Saturday, with Seoul saying the denuclearisation of the Korean Peninsula is on the agenda. The two leaders will meet on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in the southeastern city of Gyeongju, marking Xi's first visit to South Korea in 11 years. The talks come as Seoul strives to maintain a careful balance by improving ties with China, its largest trading partner and a traditional ally of North Korea, while keeping close alignment with the United States amid deepening great-power competition. South Korean Presidential spokesperson Kang Yu-jung said on Friday that the summit agenda will include discussions on the denuclearisation of the Korean Peninsula, regional peace and stability, and economic issues affecting people's livelihoods. Under his "pragmatic diplomacy," Lee has pledged to pursue a more balanced and forward-looking framework for Seoul-Beijing relations, while emphasising China's importance as a regional partner, and its role in supporting peace and stability on the Korean Peninsula, Yonhap news agency reported. Lee is expected to ask Beijing to play a constructive role in advancing peace efforts as Seoul works to ease inter-Korean tensions and revive denuclearization talks stalled since 2019. Pyongyang has so far snubbed Lee's offers of dialogue and did not respond to US President Donald Trump's outreach for talks with North Korean leader Kim Jong-un during his visit to South Korea. Economic cooperation is also expected to feature prominently on the agenda. Tensions have flared after Beijing last month announced retaliatory measures against five US subsidiaries of Hanwha Ocean, accusing them of cooperating with a US investigation targeting China's maritime and shipbuilding industries. The move raised concerns in Seoul, as the affected companies are expected to play a key role in helping the US rebuild its shipbuilding sector under a trade agreement reached between Seoul and Washington. Saturday's talks follow Lee's summit with Trump on Wednesday, which resulted in the conclusion of a trade deal to lower US tariffs and led to US approval for nuclear fuel to be used in South Korea's nuclear-powered submarine project. --IANS int/jk/
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Financial Express logo
Financial Express
Nov 1, 2025, 02:30 AM
Indian Stock Market Sees Volatility Amid Promising Growth for Certain Stocks

Indian Stock Market Sees Volatility Amid Promising Growth for Certain Stocks

It’s been an interesting week for the markets. TheNiftybreached 26,000 for the first time in 2025 this week. After a long hiatus, one sawFIIsnet buy over Rs 10,000 crore in a single session, and then in the next two sessions they sold as much. TheDollar Indexis now back to 99 levels, and therupeeis struggling close to all-time lows. However, all of this represents the big picture. What matters for the average investor is knowing where to put the money and how to maximise the gains. Over the last one week, FinancialExpress.com covered a host of brokerage reports. Here is a quick recap of the top 10 ideas. We used the FinancialExpress.com screeners highlightingBSE top gainersandNSE top gainersand sorted the stocks as per market cap to decide on the stocks that made the maximum impact. The top 10 brokerage reports this week Theshare price of SBI Life Insurancedelivered 6% gains in last 1 week. Leading domestic brokerage houseMotilal Oswal has Buy on SBI Life Insurancewith a target of Rs 2,240 per share. This implies nearly 22% upside potential over the next 12 months. The VNB or value of new business margin expansion, is one of the key catalysts for the Buy rating. You can read the detailed report for further details on the top growth drivers for this insurance play. TheTata Steel share pricehas gained over 4% in the last 1 week.Motilal Oswal has upgraded Tata Steelto ‘Buy’ from ‘Neutral’ with a target price of Rs 210 per share. This implies nearly 19% upside from current levels. They expect one of the largest steel markers in the country to see improvement in realisations after the implementation of the safeguard duty.Operating efficiencies and the strong domestic demand outlook are the other factors supporting the recommendation. L&T was amongst the top stars of this week’s earnings action after the management guided for a strong FY26 and remained upbeat about the order pipeline. While many brokerages reiterated their Buy ratings,Nuvama’s target price for L&Tis one of the highest at Rs 4,680 per share. This implies nearly 16% upside for theL&T share pricefrom current levels. They expect the sale growth to exceed 15% through FY27-FY28 as more projects hit the margin milestones. Another big-bang earnings this week wasITC. But why didNuvama cut its target price for ITC? Nuvama reduced the target to Rs 534 from Rs 540 per share. However, even this level is significantly above the stock’s 52-week high of Rs 498 per share. Nuvama, however, retained the Buy rating, though numbers came in below street estimates. The miss on revenue was a result of the drag in the Agri business, high base effect and the impact on exports due to tariff uncertainty. TheUnited Spirits share pricezoomed over 4% intra-day in Friday’s trade and is among the top gainers this week. The record margin performance in Q2 led to hectic buying in the counter. However,Motilal Oswal flagged key valuation risks. The brokerage house now has a ‘Neutral’ recommendation with target price of Rs 1,399. Though the report mentioned Q2 as a strong quarter, by all operational standards, revenue, margins, and profitability, they believe the markets have already priced in most of the progress. TheHyundai Motors share pricealso saw brisk investor interest in the last few days.Nuvama has a Buy rating on Hyundai Motors Indiabut cut the target price to Rs 2,900 from Rs 3,200 per share. The cut in the target price is as a result of the brokerage house factoring in higher costs relating to the new Talegaon plant. Another big mover this week is Bandhan Bank. Theshare price of Bandhan Bankplunged 8% in the last 1 week. Though the bank reported rather soft numbers for Q2, international brokerage houseJefferies has a Buy rating on Bandhan Bankwith a target of Rs 200, implying 17% upside. They believe that the return on equity for the bank will recover to 12% by FY27, supported by a healthier loan mix and normalised credit costs. TheFederal Bank share pricewas another standout performer amongst the banking sector stocks.Motilal Oswal recommends Buy on Federal Bankand has a 12-month target of Rs 260 per share. This implies about 14% upside from current levels. The brokerage house believes that the bank’s pivot toward margin-accretive growth, strengthening liability profile “is now further strengthened by the proposed around Rs 6,200 crore preferential capital infusion from Blackstone.” TheDr Reddy’s share pricealso saw significant action this week.Nomura retained a Buy ratingon the stock. Though the international brokerage house cut the target price to Rs 1,580 from Rs 1,650 earlier, they believe that the valuations appear attractive. The stock has underperformed peers over the past five years. One stock that had an absolutely topsy-turvy week was undeniably Vodafone Idea. TheVodafone Idea share pricesee-sawed from 10% gains one day to 8% correction over next two days… ButMotilal Oswal has upgraded Vodafone Ideato Neutral from Sell. They have raised the target price to Rs 10/share from Rs 6.50 earlier. This still implies significant upside from current levels.
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INC42 News logo
INC42 News
Nov 1, 2025, 02:30 AM
Deeptech Startups Urge Tax Incentives and Regulatory Reforms in India

Deeptech Startups Urge Tax Incentives and Regulatory Reforms in India

Deeptech and semiconductor startups, along with top venture capitalists (VCs), yesterday urged commerce minister Piyush Goyal to introduce targeted tax incentives to spur investments in the deeptech sector. The demands came during a roundtable in Bengaluru, which saw representatives of 35 deeptech startups and over 30 leading VC firms interact with Goyal. The startups also underscored the need for extending Startup India recognition benefits for deeptech ventures beyond the current 10-year limit and bring further clarity around FCRA-related rules for R&D funding. They also emphasised the need for flexibility in fund regulations and reforms in Department of Scientific and Industrial Research (DSIR) registration norms to enable early-stage deeptech ventures to avail R&D-linked benefits. The roundtable saw participation from representatives of 35 deeptech startups, including QpiAI, Nabhdrishti Aerospace, EtherealX, Exponent Energy, SignalChip and QNu Labs. VCs such as Celesta Capital, Blume Ventures, Avaana Capital, Peak XV Partners , Creagis, and 3one4 Capital also attended the event. As per an official press release, the attendees shared perspectives on supporting long-term deeptech innovation and exploring avenues for co-investment. They also discussed policy frameworks that could help strengthen India’s position in global technology value chains. Meanwhile, Goyal said that the Centre was committed to strengthening India’s deeptech ecosystem, enhancing ease of doing business, reducing compliance burden, and promoting innovation and entrepreneurship. He also emphasised the importance of scaling domestic capital, nurturing homegrown funds, and encouraging startups to develop frontier technologies in India. The minister’s comments come amidgrowing clamour for building frontier technologies,such as large language models (LLMs) and quantum computing, indigenously. However, theseemerging technologies are fraught with challenges. For starters, these emerging sectors have long gestation periods, require multi-decadal capital and need regulatory push. While India-centric VCs have grown in scale, they still largely operate on conventional fund cycles and expect returns within a decade – something that is at odds with long R&D cycles. There is also a lack of testing infrastructure and a dearth of talent and trust, slowing adoption and collaboration. Due to these headwinds, homegrown advanced hardware and technology startups managed to raise a mere $311 Mn in the first six months of the ongoing calendar year. That said, the situation seems to be on the mend. TheCentre recently selected thirteen startupsto build indigenous AI models and has rolled out incentives to build semiconductor plants in the country. Earlier this year, the Union cabinet also approved INR 1 Lakh Cr R&D fund. On the capital front, eight prominent India and US-based VC firms recentlybanded together to launch ‘India Deep Tech Alliance’ (IDTA)to infuse more than $1 Bn in the country’s deeptech startups over the next decade.
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The Free Press Journal logo
The Free Press Journal
Nov 1, 2025, 02:26 AM
India's Fiscal Deficit Under Control, Paving Way for Stable Economic Growth

India's Fiscal Deficit Under Control, Paving Way for Stable Economic Growth

New Delhi: India's fiscal deficit for the first six months of the current financial year (April-September) stood at Rs 5.73 lakh crore, which constitutes 36.5 per cent of the annual estimate in the budget, government data released on Friday showed.The figures show that the fiscal deficit is well under control, which paves the way for stable growth of the economy.Total receipts stood at Rs 17.30 lakh crore, while overall expenditure during April to September was at 23.03 lakh crore rupees. These comprised 49.5 per cent and 45.5 per cent, respectively, of the target set in the budget for 2025-26.Revenue receipts stood at Rs 16.95 lakh crore, of which tax revenue comprised Rs 12.29 lakh crore and non-tax revenue worked out to Rs 4.66 lakh crore.Non-tax revenue jumped as the Reserve Bank of India approved a dividend of Rs 2.69 lakh crore to the central government, up from Rs 2.11 lakh crore transferred last year. This will help the central government reduce its fiscal deficit further.The total government expenditure during the April-Sept period went up to Rs 23 lakh crore compared with Rs 21.1 lakh crore during the same period of the previous year.This reflects higher Government expenditure on big-ticket infrastructure projects in the highways, ports and railways sectors, which play a key role in spurring economic growth in the country amid increasing economic uncertainties triggered by geopolitical developments and the US tariff turmoil. The central government has pegged its fiscal deficit target at 4.9 per cent of the gross domestic product (GDP) in its latest budget for FY25, compared with 5.6 per cent in the last fiscal year, which was lower than the revised estimates of 5.8 per cent.A declining fiscal deficit reflects the strengthening of the fundamentals of the economy and paves the way for growth with price stability. It leads to a reduction in borrowing by the government, thus leaving more funds in the banking sector for lending to corporates and consumers, which leads to higher economic growth.With the strong emerging fiscal position in 2025-26, the government is likely to have some additional headroom to meet unforeseen expenditure on account of defence, according to a recent Bank of Baroda report.The observation assumes importance in the backdrop of the tensions with Pakistan following the Pahalgam terror attack and Operation Sindoor. Disclaimer: This story is from the syndicated feed. Nothing has changed except the headline.
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Financial Express logo
Financial Express
Nov 1, 2025, 01:53 AM
US Federal Reserve Rate Cut Sparks Rift Among Top Officials

US Federal Reserve Rate Cut Sparks Rift Among Top Officials

The US Federal Reserve announced a rate cut this week, lowering its benchmark interest rate by a quarter percentage point to a range of 3.75% to 4.00%. But the decision has faced resistance from several top Federal Reserve official, Reuters reported. While some believe morerate cutsare needed to support a weakening job market, others feel inflation is still too high to justify further easing. The growing rift has made things complicated forFed Chair Jerome Powell, who has six months left in his term and is trying to hold the committee together on what should come next. Dallas Fed President Lorie Logan said on Friday that she didn’t think cutting rates this week was the right move. “I did not see a need to cut rates this week,” she told a banking event. “I’d find it difficult to cut rates again in December unless there is clear evidence that inflation will fall faster than expected or that the labor market will cool more rapidly.” Logan, who doesn’t have a policy vote this year but will get one next year, added that she supports holding rates steady until inflation moves lower, Reuters reported. Cleveland Fed President Beth Hammack also agreed that the central bank needs to stay cautious. “Given the move we just made, I think we’re right around neutral,” she said. “I think we’re barely restrictive, if at all. We still need some restrictions to bring inflation down.” Neither Logan nor Hammack was in favour of this week’s rate cut, even though they did not have a vote this year. Fed Governor Christopher Waller,who does have a vote, said the economy now needs more help because of signs of weakness in the labor market. “The biggest concern we have right now is the labor market,” Waller said in an interview with Fox Business Network. “We know inflation is going to come back down, so thisw is why I’m still advocating that we cut policy rates in December.” Waller is currently in the running to be named the next Fed chair after Jerome Powell, having been widely praised and favoured by US President Donald Trump. He said the data support another rate cut before the year ends. Both Waller and Logan said that Trump’s new tariffs are not likely to push inflation higher. But while Waller took that as a reason to cut rates, Logan believes prices for services were still too high. They also rejected the idea that the government shutdown is causing a “data fog.” Powell had earlier mentioned that the lack of official data could make it harder to decide on future policy. But both Logan and Waller said there’s still plenty of information available from private reports and state-level data. “The fog story has got to stop,” Waller said. “You may be careful, but it doesn’t mean to stop. The right thing to do is to keep cutting.” After the Fed’s 10-2 vote to cut the benchmark rate to a range of 3.75%–4.00%, Powell confirmed that members are strongly divided. “Given strongly differing views, a December cut is not a foregone conclusion, far from it,” he said during his press conference. Logan and Hammack both said they’re keeping a close eye on the job market and recent layoffs announced by large companies. But for now, they believe inflation is the bigger problem. “The risks to the labor market do lie mainly to the downside,” Logan said. “But the remaining risks are ones we can monitor closely, not ones that currently warrant further preemptive action.”
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Financial Express logo
Financial Express
Nov 1, 2025, 01:50 AM
Hindustan Unilever Receives Rs 1986 Crore Tax Notice from Income Tax Department

Hindustan Unilever Receives Rs 1986 Crore Tax Notice from Income Tax Department

Hindustan Unilever revealed on Friday that it had received a massive tax notice for Rs 1986 crore. The Indian arm of the UK-based company said the Income Tax Department had disputed the valuation of certain related-party transactions and raised questions about some of its depreciation claims for tax purposes. The company, which owns popular brands such as Rin, Surf Excel, Lux and Horlicks, has also indicated plans to appeal against the order which pertains to FY 2020-21. “The Tax authorities have made transfer pricing adjustments in the nature of disallowance of payments to related parties or challenged the valuation of such related party payments and corporate tax disallowances in the nature of depreciation claimed,” HUL said in a regulatory filing. Details uploaded on BSE also indicated that the company would “file necessary appeal with the appellate authority” within the permitted timeline. Hindustan Unilever also confirmed that the tax order had no impact on the its finances or operations. The missive was sent to the company on Thursday by the Assistant Commission of Income Tax in Mumbai. The report comes mere days after the company reported a 3.8% rise in consolidated net profit at Rs 2,694 crore. Sales were up 2.1% in the September quarter of FY’26 with a “flat underlying volume growth” due to the transitory impact of GST changes and prolonged monsoon in parts of the country. HUL had had logged a net profit of Rs 2,595 crore in the July-September quarter a year ago. The company’s revenue stood at Rs 16,034 crore in the July-September quarter of this financial year, up from Rs 15,703 crore in the corresponding period a year ag. An earning statement also noted that HUL had a “consolidated Underlying Sales Growth of 2% and a flat Underlying Volume Growth in the September Quarter of 2025. Performance for the quarter reflected a transitory impact of GST changes and prolonged monsoon conditions in parts of the country.” During the quarter, the EBITDA margin stood at 23.2%, which was lower by 90 bps year-on-year amidst higher investments in the business, said HUL, part of British multinational consumer goods company Unilever Plc. HUL’s profit before exceptional items and tax was down 4.8% to Rs 3,386 crore in the second quarter of FY’26, as against Rs 3,558 crore of the corresponding quarter a year ago. (With inputs from agencies)
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Economic Times logo
Economic Times
Nov 1, 2025, 01:34 AM
Xi Jinping Urges Asia-Pacific Nations to Boost Trade and Investment Amid Global Supply Chain Concerns

Xi Jinping Urges Asia-Pacific Nations to Boost Trade and Investment Amid Global Supply Chain Concerns

SynopsisAt an Asia-Pacific summit, China's Xi Jinping urged nations to boost trade and investment, implicitly cautioning against reducing reliance on Chinese supply chains. He championed "extending chains" over "breaking chains," while also condemning protectionism and "unilateral bullying." This comes after China's recent rare earth export control proposal, which raised global concerns.
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Business Standard logo
Business Standard
Nov 1, 2025, 01:26 AM
US Abandons Regime Change Strategy in Middle East Under Trump

US Abandons Regime Change Strategy in Middle East Under Trump

The US national intelligence director told officials Friday in the Mideast that America's former strategy of regime change or nation building had ended under President Donald Trump.Tulsi Gabbard 's comments before the Manama Dialogue, an annual security summit in Bahrain put on by the International Institute for Security Studies, underlines remarks Trump offered on a trip earlier this year to the Middle East.In Trump's second term, previous American goals of fostering human rights and democracy promotion in the region have been replaced by an emphasis on economic prosperity and regional stability.That includes securing a ceasefire that has halted the Israel-Hamas war in the Gaza Strip, as well as forcing an end to Israel's 12-day war on Iran after sending American bombers to attack Iranian nuclear sites.For decades, our foreign policy has been trapped in a counterproductive and endless cycle of regime change or nation building, said Gabbard, a former Congresswoman from Hawaii and US Army National Guard veteran.Also ReadI'd be 'very upset' over Chinese military in Argentina: Trump warns MileiMcNamara at War: Rare later regret over Vietnam worthy of admirationThe US has spent its alliance capital; its friends won't trust it againTrump sidelined India to do family business with Pakistan: Ex-Biden adviserAug 1 is hard tariff deadline, but US open to talks: Commerce Secy LutnickIt was a one-size-fits-all approach, of toppling regimes, trying to impose our system of governance on others, intervene in conflicts that were barely understood and walk away with more enemies than allies.She added: The results: Trillions spent, countless lives lost and in many cases, the creation of greater security threats.That assessment mirrors Trump's own thinking about the wars that followed the September 11, 2001, terror attacks on New York and Washington.He reached a deal in his first term to withdraw from Afghanistan, which in the Biden administration became a chaotic departure in 2021. Meanwhile, he's embraced Syria's interim President Ahmad al-Sharaa, a former al-Qaida fighter once held in an American prison in Iraq.But serious challenges remain, particularly in the Middle East. Gabbard noted in her brief remarks that the ceasefire in Gaza remained fragile. She also acknowledged Iran remained a concern as the head of the International Atomic Energy Agency said renewed movement has been detected recently at the country's nuclear sites.The road ahead will not be simple or easy but the president is very committed down this road, said Gabbard, who attended the event as a government shutdown grinds on back home.An Associated Press journalist had been accredited and issued a visa to cover the summit, but the Bahraini government late Wednesday said it had been rescinded as it was conducting a post-approval review of that permission.The government did not elaborate on why the visa was revoked. Earlier that day, the AP published a story on long-detained activist Abdulhadi al-Khawaja beginning an open-ended hunger strike in Bahrain over his internationally criticised imprisonment.
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Economic Times
Nov 1, 2025, 01:15 AM
Nexperia's China Facilities to Resume Shipments, Boosting Global Auto Manufacturers

Nexperia's China Facilities to Resume Shipments, Boosting Global Auto Manufacturers

SynopsisThe White House is set to announce that Dutch chipmaker Nexperia's facilities in China will resume shipments. This development offers a significant boost to global auto manufacturers. The Dutch government recently took control of Nexperia, which is owned by Chinese company Wingtech. This move had previously led Beijing to block Nexperia products from leaving China, impacting supply chains.
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Economic Times
Nov 1, 2025, 01:01 AM
Australia and Canada Sign Historic Agreement to Enhance Critical Minerals Cooperation

Australia and Canada Sign Historic Agreement to Enhance Critical Minerals Cooperation

SynopsisAustralia and Canada have signed a significant agreement to enhance cooperation and trade in critical minerals. This pact aims to build resilient supply chains and foster innovation. The move comes as G7 nations seek to reduce their reliance on China for essential materials. Australia's Resources Minister Madeleine King and Canada's counterpart Tim Hodgson finalized the joint declaration of intent.
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Times of India logo
Times of India
Nov 1, 2025, 12:53 AM
US States' Job Opportunities: A Tale of Two Americas

US States' Job Opportunities: A Tale of Two Americas

For job seekers across America, opportunity often depends not on ambition or skill—but on geography. While some states are flourishing with rising employment rates and worker-friendly laws, others continue to lag behind, weighed down by stagnant economies, limited job security, and outdated workplace structures.In these regions, the job hunt can feel less like a search and more like survival.A recent WalletHub (2025) study comparing all 50 US states across 34 key indicators—from employment growth and job security to income levels and commute times—reveals where workers face the toughest odds. While states like Massachusetts and Minnesota shine with opportunity, the other end of the list paints a sobering picture of economic stagnation and structural hurdles.Here are the five worst US states for finding a job in 2025, and what makes their employment landscape so challenging.Worst 5 US states for finding a job in 2025Checj the list that features the worst US states for job opportunities:RankStateTotal ScoreJob Market RankEconomic Environment Rank46Oregon44.39275047Alaska43.97483048Kentucky43.68354949Louisiana39.89494350West Virginia37.935044(Source: WalletHub, 2025)West VirginiaAt the bottom of WalletHub’s list, West Virginia continues to wrestle with chronic employment woes. A weak job market coupled with limited economic diversity makes it the toughest state in the nation for job seekers.Industries such as coal mining and manufacturing—once the backbone of its economy—have struggled to modernize, leading to stagnant growth and few emerging opportunities. The lack of robust worker protections, coupled with below-average wages and limited access to health benefits, compounds the difficulty for residents looking to build stable careers.In West Virginia, even qualified professionals often find that the opportunities simply don’t match their skills—a reality that forces many to relocate in search of sustainable employment.LouisianaLouisiana, ranking just above West Virginia, faces a complex blend of economic and social challenges that hinder job creation. The state’s reliance on oil and gas has long been its economic anchor, but global energy transitions and limited diversification have left many workers stranded between outdated skills and modern job demands.According to WalletHub’s 2025 analysis, Louisiana performs poorly both in job market strength and economic environment—ranking 49th and 43rd, respectively.Persistent poverty levels and limited job security make it difficult for workers to climb the economic ladder. Moreover, natural disasters and infrastructure weaknesses periodically disrupt industries, creating an unpredictable job climate that few can count on.KentuckyKentucky stands at 48th overall, caught between progress and persistent struggle. While the state has seen pockets of growth in logistics and manufacturing, it continues to face major hurdles such as low median wages and limited access to high-quality employment opportunities.WalletHub’s data shows Kentucky ranking 35th for job market strength but plummeting to 49th in economic environment—a stark indicator that while some jobs exist, the broader economic conditions remain unfavorable. With weaker worker protections and slower wage growth compared to national averages, Kentucky’s job market often offers quantity without quality.AlaskaIn Alaska, the problem isn’t a lack of jobs, it’s their volatility.The state’s economy is heavily tied to resource extraction, particularly oil, meaning employment rises and falls with the global commodity cycle. WalletHub ranks Alaska 47th overall, with one of the weakest job markets in the country.Geographical isolation and a high cost of living further discourage job seekers. For many residents, steady employment is hard to sustain, and career advancement is even rarer. Seasonal industries like fishing and tourism may provide short bursts of work, but they fail to create the long-term economic stability needed to retain talent.OregonOregon may surprise some by appearing in the bottom five—it’s known for its creative industries, green economy, and progressive culture. Yet, WalletHub’s data reveals a deeper imbalance. While Oregon ranks a middling 27th in job market strength, it falls to the bottom of the list (50th) for economic environment.The primary culprit is affordability. Skyrocketing housing costs, heavy taxation, and a high cost of living erode the value of even decent paychecks.Many residents find that while jobs are available, they simply don’t go far enough to sustain a comfortable standard of living. The result is a paradoxical labor market—rich in opportunity on paper, but strained in practice.A tale of two AmericasThe contrast between the best and worst states for employment highlights an evolving economic divide. On one side stand regions like Massachusetts and Minnesota, bolstered by innovation, policy foresight, and worker protections. On the other are states like West Virginia and Louisiana, where structural stagnation, lack of diversification, and uneven economic recovery keep workers struggling to find a footing.WalletHub’s 2025 findings suggest that the American job market is not one cohesive landscape but a patchwork of contrasting realities, where success often depends more on your state line than your skill set.Ready to navigate global policies? Secure your overseas future. Get expert guidance now!
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Times of India
Nov 1, 2025, 12:51 AM
US-India Ink New Defence Framework to Strengthen Strategic Partnership

US-India Ink New Defence Framework to Strengthen Strategic Partnership

India and the US inked on Friday an expansive new defence framework to strengthen their strategic partnership over the next 10 years. This comes amid indications that a trade deal is also in the works to douse the raging tariff tensions between the two countries.The 'Framework for the US-India Major Defence Partnership', inked during a meeting between defence minister Rajnath Singh and his American counterpart Pete Hegseth on the sidelines of the Asean meet in Kuala Lumpur, supplants and builds on the one inked in June 2015.Rajnath Singh, Pete Hegseth Sign 10-Year India-US Defence Pact To Strengthen Indo-Pacific SecurityThe 2025 framework aims to further transform the defence partnership by providing "a unified vision and policy direction" to deepen cooperation in all domains, including defence-industrial collaboration, military interoperability across land, air, sea, space and cyberspace, as well as maritime domain awareness, over the next 10 years.Officials told TOI that the intent is to "recalibrate" the partnership in line with "a renewed consensus to effectively address the emerging security challenges and priorities in the region, including imperatives for deterrence, stability and safeguarding a free and open Indo-Pacific".Defence and military cooperation over the last two decades has been the cornerstone of the overall bilateral ties, which have taken a major hit since President Donald Trump imposed 50% tariffs on New Delhi earlier this year and due to his continuing insistence that he had brokered the ceasefire between India and Pakistan by leveraging trade deals.Defence to remain major pillar of relations with US: RajnathThe upward trajectory of the defence ties, however, was evident at the Singh-Hegseth meeting. "The framework will usher in a new era in our already strong defence partnership. It is a signal of our growing strategic convergence and will herald a new decade of partnership. Defence will remain the major pillar of our bilateral relations," Singh said.Hegseth, in turn, said, "The framework advances our defence partnership, a cornerstone for regional stability and deterrence.We're enhancing our coordination, information-sharing and tech cooperation. Our defence ties have never been stronger."India, of course, remains concerned about the signalling by the Trump administration that its Indo-Pacific strategy to counter an aggressive China is no longer a top priority, even as de-escalation in the US-China trade war took place on Thursday.Both Singh and Hegseth, however, reiterated their commitment to a free, open and rules-bound Indo-Pacific at the meeting.While Singh said the bilateral partnership was "critical" to ensure the region remains free from coercion, Hegseth said the US was committed to working closely with India to ensure the same.At a separate meeting with Chinese defence minister Admiral Dong Jun, Hegseth stressed the importance of "maintaining a balance of power in the Indo-Pacific" while voicing concerns about China's activities in the South China Sea, around Taiwan, and vis-a-vis allies and partners of the US in the Indo-Pacific."US does not seek conflict. It will continue to stoutly defend its interests and ensure it has the capabilities in the region to do so," he posted on X.The US, of course, is eyeing more lucrative Indian defence deals, having bagged contracts worth over $25 billion since just 2007. India, for instance, is slated to receive 31 armed MQ-9B Predator high-altitude long-endurance drones, ordered from the US for $3.8 billion in Oct last year, in the 2029-30 timeframe. India is also set to order another 113 GE-F404 turbofan jet engines from US firm General Electric for $1 billion to power the indigenous Tejas Mark-1A fighters.The delivery of 99 such engines, ordered in Aug 2021 by Hindustan Aeronautics for $716 million, recently began after a two-year delay.
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Financial Express logo
Financial Express
Nov 1, 2025, 12:44 AM
US Stocks Rise Led by Amazon's Strong Earnings Forecast

US Stocks Rise Led by Amazon's Strong Earnings Forecast

Wall Street‘s main stock indexes closed higher on Friday, with their biggest boost coming fromAmazon‘s upbeat earnings forecast, but sentiment was dampened by worries that theFederal Reserveis becoming more cautious about cutting rates. The S&P 500, theNasdaq Compositeand the Dow boasted weekly gains and their longest monthly winning streaks in years. Amazon shares rallied sharply, closing up 9.6% after hitting an all-time high following its forecast for quarterly sales above estimates. The online retailer and cloud services giant helped the consumer discretionary sector close up 4% for its biggest one-day gain since May 12. But elsewhere in megacap companies, Apple’s shares closed down 0.4% after its forecast for iPhone holiday quarter sales surpassed Wall Street expectations was clouded by CEO Tim Cook’s flagging of supply constraints. And in remarks that cooled investor hopes for policy easing, Federal Reserve Bank of Atlanta President Raphael Bostic said on Friday that a December rate cut was not locked in despite market expectations for a cut. And Federal Reserve Bank of Cleveland President Beth Hammack said she had opposed Wednesday’s rate cut because inflation is too high. On Friday, traders were pricing in a 65% probability of a December rate cut, down from 72.8% on Thursday and 91.7% a week ago, according to CME Group’s FedWatch tool. “The theme today is pretty similar to what we saw yesterday. It’s earnings coming in a little better than expected but tempered by a little more hawkish commentary from the Fed,” said James Ragan, co-CIO and director of investment management research at D.A. Davidson. Jake Seltz, portfolio manager for the Empiric LT Equity team at Allspring, said investors “may have gotten in front of their skis” in their bets for lower rates. Some grocery stocks traded lower on Friday on worries about a dip in November sales if federal food aid benefits, known as the Supplemental Nutrition Assistance Program or SNAP, lapse in the ongoing government shutdown. Two federal judges ruled on Friday that President Donald Trump’s administration cannot suspend food aid for millions of Americans during the shutdown, saying the government must use contingency funds to pay for the benefits. But shares of grocer Kroger ended down 2.8% while food supplier Conagra Brands lost 1.3% and Walmart ended down 1% even after the rulings. The Dow Jones Industrial Average rose 40.75 points, or 0.09%, to 47,562.87, the S&P 500 gained 17.86 points, or 0.26%, to 6,840.20 and the Nasdaq Composite gained 143.81 points, or 0.61%, to 23,724.96. For the month, the S&P 500 added 2.27%, for a sixth consecutive monthly gain, which was its longest such streak since August 2021. The Nasdaq Composite added 4.7% for October, capping a 7-month winning streak, its longest since early 2018. The Dow rose 2.5% for the month, for its sixth straight monthly gain and its longest monthly advance since January 2018. For the week, the S&P 500 rose 0.7% while the Nasdaq added 2.24% and the Dow climbed 0.75%. Of the 315 S&P 500 companies that have reported third-quarter results so far, 83.2% have surpassed analysts’ estimates, according to LSEG data. That is well above the historical average, where roughly 67% of firms beat forecasts. With a lack of economic data from the government due to the month-long shutdown, Kim Forrest, chief investment officer at Bokeh Capital, said investors were keenly focused on earnings reports. “The government isn’t giving us the data that we have become dependent on, so we’re using companies as we should by the way for guidance about how the economy is going,” she said. In other moves, Warner Bros Discovery jumped 8.7% following a Reuters report that Netflix was actively exploring a bid for the company’s studio and streaming business. Netflix rose 2.7% after it unveiled plans for a 10-for-1 stock split. Western Digital closed up 8.7% after rallying to an all-time high following its forecast of quarterly earnings above Wall Street estimates. Shares of Solar panel maker First Solar surged 14.3% after surpassing expectations for third-quarter sales. Advancing issues outnumbered decliners by a 1.28-to-1 ratio on the NYSE, where there were 159 new highs and 131 new lows. On the Nasdaq, 2,773 stocks rose and 1,958 fell as advancing issues outnumbered decliners by a 1.42-to-1 ratio. The S&P 500 posted 17 new 52-week highs and 34 new lows while the Nasdaq Composite recorded 71 new highs and 159 new lows. On U.S. exchanges, 21.03 billion shares changed hands compared with the 21.13 billion average for the last 20 sessions.
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Times of India logo
Times of India
Nov 1, 2025, 12:27 AM
Mumbai Filmmaker Holds 17 Children Hostage in Fake Web Series Scene

Mumbai Filmmaker Holds 17 Children Hostage in Fake Web Series Scene

Mumbai: The hostage crisis' ‘script' was apparently readied over a month. The 17 children had their hands tied and mouths taped at the Powai recording studio on Thursday, but everyone went along with it for hours believing that a "hostage scene" for a web series was being shot.Panic set in only after the captor, Rohit Aarrya, pulled out a gun and a rod and threatened to kill them, reveal chilling accounts from victims.Police said he came prepared—rags sprayed with some chemical were placed randomly around the duplex studio and on the floor to start a fire in case things went south, motion detectors were installed on the main door and moving cameras set up on all floors.A Powai police officer said Aarrya had read out his web series script to 23 selected children and their parents during the audition of 36 hopefuls and had convinced the participants that a hostage scene was to be filmed on the last day of the five-day shoot."Only 17 of the 23 children attended preparations at the studio for four days," he said. These "preparations" lulled the eight boys and the nine girls aged 10-15 who walked into the studio at 8am on Thursday into a false sense of safety.You Can Also Check:Mumbai AQI|Weather in Mumbai|Gold Rate Today in Mumbai|Silver Rate Today in MumbaiA few hours later, some children sensed something amiss and began screaming. That, said a senior police officer, annoyed Aarrya. "He began waving an airgun and an iron rod at us, screaming that he would kill us all," said one of the girls."It was only then that we realised this was no longer fiction."A senior police officer said the children were found with their mouths taped and some with their hands tied at the time of rescue. They were also denied food for hours since Aarrya kept moving them from room to room. "While negotiating over the phone, we could hear the children in his custody screaming and crying out in fear. He was watching us from behind the closed sliding glasses that had dark curtains.In between, he would run back into the room and drag five children out," said another officer.He reportedly brought out children in various batches. "This continued for almost two hours," said the officer.At least 15 victims were confined to one room on the upper floor. "The studio consists of two floors—sort of a duplex flat. There are two rooms with a narrow passage and a small hall on below floor while on the upper floor there are two rooms, a small hall, a narrow passage and a toilet," said the officer.It is alleged that Aarrya walked around with a petrol can to threaten children kept in one room. One of the girls' 75-year-old grandmother was also trapped inside.Aarrya's production assistant, Rohan Aher, was kept in one room and threatened at gunpoint, said police. Aher told police that was unaware of the real hostage plan. Aarrya was listed as the producer, scriptwriter and planner of the web series.Aher said he communicated with some of the police officers through a window while Aarrya was in a different room talking with police and the children's parents."We didn't know that he was carrying a weapon and inflammable materials till Thursday."Aarrya had recorded a video in which he said he had abandoned thoughts of suicide and planned the hostage situation to have "demands" fulfilled. Police's probe shows that the video was sent via WhatsApp to two acquaintances he had befriended during the auditions. Another Powai police officer said the two acquaintances received the video around 1.45pm on Thursday and informed police.A team reached the hostage site by 2.15pm.The entire rescue operation that began with negotiations culminated in Aarrya's death by 4pm. Additional commissioner of police Paramjit Dahiya, DCP Datta Nalawade and senior inspector Jitendra Sonawane interacted with Aarrya throughout the ordeal."Initially, Aarrya spoke with a Powai police senior inspector over the window and asked him to share his number. He then made a video call to the senior inspector for discussions. He wanted police to come to the spot and kept a watch on the movement through the moving cameras," said an officer.Police also made Aarrya speak to some parents, including those of two kids who had a history of seizures and another who was ill, in the hopes that he would see reason and end the siege. "But that made no difference. He stayed adamant."
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