ADVISORY DEVELOPMENT
Deepinder Goyal's $900 Temple wearable faces scrutiny over brain blood-flow claims
Temple, a new wearable device, claims to track blood flow to the brain and other health metrics. Indian doctors express concerns over the validity of these claims, asking for regulatory scrutiny. Some sportspersons promote the device, while critics label it a gimmick without formal medical approvals. Developer Deepinder Goyal states the device is a wellness tracker, not a medical one.
AQI differences with private apps due to different methodology, not data under-reporting: CPCB
The Central Pollution Control Board clarified the differences in Air Quality Index readings from private applications and its platform. It emphasized that the variations stem from differing measurement methodologies rather than under-reporting. The CPCB noted that during extreme episodes, data gaps may appear due to calibration limits of monitoring instruments. Since 2015, improvements in monitoring technology have been ongoing to enhance air quality reporting.
AI could eliminate up to 70% of manual risk tasks in banks, free capacity for strategic roles: McKinsey
McKinsey said banks could reinvest half of the capacity released through automation into stronger analytical capabilities, strategic risk advisory and faster portfolio decisions. The remaining capacity could be directed towards specialised AI engineering, data governance and platform development.
From lab to farm: How Proximal Soilsens is developing a ‘glucometer’ for soil testing
Developed over nearly a decade of research at IIT Bombay, Proximal Soilsens’s patented NutriSense X aims to make laboratory-grade soil testing portable, faster and accessible. The device tests multiple soil parameters in seconds, without requiring electricity or elaborate laboratory infrastructure.
US market remains tied to tech stocks despite sharp AI sell-off
The US stock market is currently experiencing a significant pullback in technology and AI-related stocks. Investors are concerned that Democratic victories in the midterm elections may result in reduced data center spending. Despite recent declines, the technology sector remains dominant within the S&P 500 index. Upcoming technology earnings reports and the potential IPO of AI lab Anthropic are closely watched by investors.
Trump administration's embrace of "perp" futures sets off risk alarms for Wall Street stalwarts
The decision by the Trump administration to launch perpetual futures has sparked significant worry among market stakeholders. Leaders from established exchanges contend that these offerings might disrupt existing market dynamics and risk assessment practices. They claim that perpetual futures ought to be categorized as swaps due to their unique trading characteristics. Moreover, ongoing trading raises alarm about liquidity and counterparty risk, especially in turbulent market conditions.
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Smaller deals become big revenue driver for India’s top IT firms
The number of customers generating $1-10 million in annual revenue increased at most of these companies in the first half of fiscal 2027 from a year earlier, even as that of their big clients remained largely flat or grew at a slower pace.
Power outage in Seattle: Nearly 83,000 customers lose power amid windstorm; check affected areas, weather advisory and more
Seattle power outage news: A severe windstorm impacted Western Washington, resulting in wide-scale power outages for over 83,000 customers. Seattle City Light reported significant outages in different areas, including West and South Seattle. Puget Sound Energy also faced outages disrupting service to numerous customers across the region. Winds reached high speeds, with some gusts recorded at 69 mph in Hoquiam.
Wind advisory issued for Seattle, Bellingham, San Juan Islands as Washington braces for heavy rains, 50 mph gusts and power outages
A wind advisory has been issued for Seattle, Bellingham, San Juan Islands and several other parts of western Washington as strong winds and heavy rain threaten the region. Forecasters warn that wind gusts could reach 45 to 50 mph, potentially bringing down tree branches and triggering power outages. A High Wind Warning has also been issued for parts of the Washington coast, where gusts could reach 60 mph.
Shriti Vadera appointed adviser to Britain's finance minister
Shriti Vadera has been appointed as an adviser to Britain's finance minister John Healey. She will focus on the government's role in the G20 international forum next year. Vadera will provide guidance on development finance and policy implementation from now until July 2027. Her previous experience includes serving as an international development minister and advising Britain's Treasury. Vadera also holds leadership positions with the Royal Shakespeare Company and Prudential.
Jailed Malaysian ex-PM Najib pays fine, meeting condition for house arrest
Jailed Malaysian former prime minister Najib Razak paid a $12 million fine Friday, allowing him to serve the rest of his sentence under house arrest, his party said. Malaysian King Sultan Ibrahim had granted Najib the conditional pardon in September, allowing him to serve out the rest of his prison sentence under house arrest provided he pay the fine.
Scripbox shareholders approve conversion into public company ahead of IPO
At an extraordinary general meeting on October 19, shareholders approved the change of the Accel-backed startup's name from Scripbox Wealth Managers Private Limited to Scripbox Wealth Managers Limited, along with amendments to its constitutional documents, according to regulatory filings reviewed by ET.
Centre identifies 22 works to boost fodder security, livestock infrastructure under VB-G RAM G Act
The Centre has asked states and Union Territories to strengthen fodder security, pasture development and livestock infrastructure under the VB-G RAM G Act, identifying 22 permissible works. These include fodder banks, silage units, grazing lands and livestock shelters, aimed at addressing shortages and supporting rural households dependent on animal husbandry.
Bengalureans, for the next 18 months, no KSRTC buses or goods vehicles on this key airport road. Check new traffic rules and diversions from November 6
Traffic movement on Bengaluru’s Ballari Road will be affected for 18 months from November 6 as the BDA begins construction of a four-lane elevated corridor between UAS Staff Quarters and Mekhri Circle. The traffic police has banned goods vehicles, KSRTC and private buses on the affected stretch and issued alternative routes for commuters travelling to and from Kempegowda International Airport and central Bengaluru.
Iran war, doubling fuel prices knock 66% off Emirates' first-half profit
Emirates Group's first-half net profit plunged 66% to $1 billion as the Iran war disrupted flights across the Gulf and doubled jet fuel prices. Passenger numbers at Emirates airline fell 22%, while cargo revenue rose 52%. The Dubai-based group is relying on cash reserves as geopolitical uncertainty clouds its outlook.
Centre issues advisory to states to boost fodder production, livestock infra under VB-G RAM G
The Centre has issued an advisory to states and Union territories to improve fodder security and livestock infrastructure. This advisory promotes convergence under the Viksit Bharat-Guarantee for Rozgar and Ajeevika Mission Act, 2025. It identifies 22 permissible works supporting fodder cultivation, livestock shelters, and veterinary health facilities. States are encouraged to increase expenditure on these works while aligning with local development priorities.
India flags Chinese-linked AI tools in hacking campaign against financial firms
India's cybersecurity agency named the hacking group behind a wave of AI-driven attacks on financial firms and identified its tools, at least two of them linked to China, adding India to a growing list of countries where
Richville Infra to develop senior-living focused project in Ludhiana
Richville Infra Private Limited plans to invest around ₹500 crore to develop a 100-unit senior-living and NRI-focused residential project on five acres at Hambran Road in Ludhiana, Punjab. The project, named Tirthankar Abode, is expected to generate revenue of around ₹1,000 crore.
Global Market Today: Asian stocks rise as oil slides after US midterm elections
Benchmark indexes rose in Japan and Australia, pushing the MSCI Asia Pacific Index up by 0.3%. That was after the S&P 500 Index jumped 1.6%, its biggest gain in three months, and the tech-heavy Nasdaq 100 climbed 0.9%. South Korea was the outlier, with the Kospi Index dropping 2.7%, reflecting investor concerns over the future of data-center development and losses in US chip stocks.
SC notices to Centre, Assam on Oil India plea on rejection of drilling proposal at national park
The Supreme Court has requested responses from the Ministry of Petroleum and Natural Gas regarding Oil India's proposal. This proposal involves hydrocarbon extraction through Extended Reach Drilling beneath Dibru-Saikhowa National Park. Oil India claims that the drilling will not harm the park's ecosystem while addressing energy needs.
Washington DC power outage update: Pepco says power restored for all customers in Foggy Bottom after over 1100 hit, GWU classes canceled
On November 2, more than 1,100 customers were without power in Foggy Bottom due to an issue at Pepco's I Street Substation. D.C. Fire and EMS responded to reports of smoke from manholes in the area. George Washington University canceled most classes during the outage and monitored Pepco's restoration efforts closely. By 2:20 pm, power was fully restored, allowing classes to resume the following day.
US Embassy in Saudi Arabia warns citizens of possible Houthi attacks, airport disruptions amid rising tensions
A security alert was issued by the US Embassy in Saudi Arabia regarding potential attacks and disruptions. The alert highlights recent hostilities involving Iran-backed Houthi forces targeting civilian infrastructure. Airports in Riyadh, Jeddah, and Dammam are operational, though delays and cancellations have been reported. American citizens are advised to exercise caution, especially at airports, amid rising tensions. Regulatory restrictions prohibit sharing information about missile interceptions to avoid legal issues.
National Conference MLAs suggest 10 corrective measures to CM Omar Abdullah for accountability within the party
Eighteen ruling National Conference MLAs have submitted a 10-point memorandum to Chief Minister Omar Abdullah, seeking corrective measures, a review of ministerial performance and the removal of his advisor Nasir Aslam Wani. The memorandum, prepared after a meeting of disgruntled MLAs on October 30, also seeks the removal of Deputy Chief Minister Surinder Choudhary from the Public Works portfolio.
Wealthtech firm PowerUp Money raises $10 million led by Flourish Ventures
PowerUp Money was founded in 2024 by Jindal, who had previously cofounded Uni Cards. It offers mutual fund advisory services to retail investors, at time when the Indian mutual fund industry is seeing record SIP inflows. The company has more than 1.5 million customers tracking portfolios worth over Rs 2.5 lakh crore on its platform.
Cyclone Arnab aftermath disrupts IndiGo flights in Visakhapatnam, airline issues advisory
IndiGo has issued a travel advisory due to disrupted flight operations in Visakhapatnam caused by Cyclone Arnab. The airline warned passengers about potential extended waiting times both on the ground and onboard. Passengers are encouraged to visit the official website for the latest flight updates regarding their travel plans. Heavy rainfall is expected in Andhra Pradesh and neighboring states as the cyclone approaches the coast.
NCRTC explores transit-oriented development along Namo Bharat, proposed regional corridors
NCRTC is evaluating transit-oriented development to create planned urban centers along major corridors, including the Delhi-Ghaziabad-Meerut route. A recent workshop gathered key stakeholders to discuss policy support for private investment in these developments. Emerging urban centers such as Meerut and Ghaziabad are expected to benefit significantly from improved connectivity. The new framework aims to link transport infrastructure closely with land-use planning for organized urban growth.
Nearly 200 earthquakes recorded in Pacific Ring of Fire in 7 days: Should you be worried?
Seismic activity is on the rise around the Pacific Ring of Fire, prompting countries to issue emergency preparedness warnings. Within the last week, close to 200 earthquakes measuring 4.5 or greater have been reported. Authorities are advising households to gather essential supplies in anticipation of potential natural disasters. Although guidance is being updated, no direct correlation has been established between these advisories and recent seismic events.
SEBI chairman says market regulator keeping eye on Tata Group developments
The comments came amid differences over governance matters at Tata Sons, the group's holding company, including the reappointment of N Chandrasekaran as chairman and the question of its proposed listing.
UP looks beyond Lucknow to boost startups, MSMEs as Aavishkaar, Intellecap partner with Invest UP
With more than 11.5 million MSMEs across the state, Uttar Pradesh is looking beyond its established startup centres to build a wider enterprise ecosystem. A new Invest UP partnership with Aavishkaar Foundation and Intellecap aims to take capital, advisory support and market connections closer to entrepreneurs across its districts.
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