AFFORDABILITY
Michael Burry's top 10 life lessons for GenZ: 'Buy half the house you can afford'
Michael Burry provides life advice and personal finance tips to a 26-year-old in a Substack post. He emphasizes the importance of exercising, learning, and relationships while advising against gambling. Burry suggests that individuals should invest wisely, specifically recommending to buy half a house they can afford. He warns about the potential for an AI market crash, predicting possible disappointments in revenue.
Jeep Compass gets new 9-speed automatic diesel variant; check price, features, delivery date
Jeep India has announced the launch of the Compass Sport FWD equipped with a 9-speed automatic transmission. This new variant is priced at ₹21.99 lakh and is the most affordable automatic version of the Jeep Compass. Customers will benefit from additional features like six airbags, cruise control, and a touchscreen infotainment system. The availability of optional accessory packs enhances customization for buyers.
Hermes, try a scarf around just China
Hermes is facing a decline in revenue growth driven by decreasing demand in its Chinese market. The brand recognizes the importance of maintaining its unique selling proposition in luxury offerings. Given the rise of high-end local brands, Hermes plans to introduce a 'China-only' line for affluent consumers. This strategy aims to appeal to China's wealthy individuals while promoting European luxury.
Europe protests spread to Rome’s Colosseum as demonstrators try to force entry
Italy protests intensified as demonstrators sought to enter the Colosseum amid heightened security measures across public areas. Thousands participated in various rallies across cities such as Milan and Rome, leading to clashes with police. Authorities deployed additional security personnel to maintain order and prevent further violence. Similar demonstrations occurred in other European countries, addressing concerns about public pensions and affordable housing.
NITI Aayog member Rajiv Gauba calls for urban reforms
Addressing the valedictory session of the 2nd National Urban Conclave on Sunday, Gauba called for removal of restrictive floor-area ratios (FARs) and building norms that constrain land supply and drive-up costs for residential and commercial users.
Cities cannot be governed from state capitals, need empowered local governments: NITI Aayog's Rajiv Gauba
Rajiv Gauba emphasized the need for reforms in urban governance during the National Urban Conclave. He highlighted the importance of empowering city governments and proposed directly elected mayors for better governance. The projected increase in India's urban population demands significant infrastructure and service management changes. Gauba called for improved municipal revenues and the adoption of the Model Tenancy Act to support affordable housing.
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Global luxury goods industry set for recovery in 2027, US to remain bright spot: Goldman Sachs
The global luxury goods industry is expected to witness a recovery after several years of sluggish sales performance, with revenues of major listed luxury brands projected to grow by 7 per cent in 2027, with the US likely remaining the "bright spot," according to a report by Goldman Sachs.
Rs 1 lakh to Rs 30,000: Cancer immunotherapy gets cheaper, but will patients get the price benefit?
Cheaper nivolumab biosimilars are expanding access to cancer immunotherapy in India, with one Mumbai oncologist reporting a more than 50% rise in prescriptions over six months. Prices have fallen from over Rs 1 lakh to around Rs 30,000 per cycle, but hospital stocking practices could determine whether patients benefit from lower costs.
3 am walks, clean public toilets, freedom to dress: Indian woman shares 6 culture shocks in Singapore
During Yukta's trip to Singapore, she was captivated by the vibrant culture and the inviting atmosphere of the city. Her nighttime strolls and cycling adventures were marked by a remarkable sense of security. The pristine public restrooms reinforced Singapore's hygiene standards, while friendly locals enhanced her exploration of diverse neighborhoods. Additionally, the affordability of fresh orange juice was a delightful surprise, complemented by the residents' strict adherence to traffic regulations.
Divided over Israel, Detroit Democrats unite on rising costs for midterm elections
As Detroit voters prepare for the November midterm elections, many emphasize the importance of affordability and economic concerns. Various groups, including Jewish, Muslim, and Black voters, express worries about rising costs impacting their daily lives. Abdul El-Sayed's Senate campaign faces challenges as he seeks support amidst reservations regarding his stance on certain issues. While some voters lean towards economic issues and community safety, they remain hesitant about their voting choices.
Commerce minister Piyush Goyal discusses investment avenues with German companies
Piyush Goyal engaged with major German firms like Siemens Healthineers, Bayer, and Fresenius to discuss investments. He highlighted Bayer's plans for expansion and collaboration in India's healthcare ecosystem. Goyal also addressed opportunities for Fresenius to leverage India's talent for healthcare solutions. Furthermore, he explored ways to strengthen Siemens Healthineers' presence in the country. These discussions reflect India's growing relevance in the global healthcare market.
Bengaluru dad shares his son's school is taking him to Malaysia for a trip, recalls when he used to travel on train and stay in tents; son to stay in Marriot hotel
A Bengaluru dad’s post about his son’s school trip to Malaysia has sparked nostalgia online. While his son will explore Kuala Lumpur and Langkawi with a stay at a Marriott hotel, the father recalls his childhood school trips involving sleeper-class train journeys, Himalayan treks and nights spent in tents.
GLP-1 boom in China, India, Brazil could create $22 billion market by 2035, J.P. Morgan says
The China-India-Brazil market for GLP-1 weight-loss drugs could expand to $22 billion by 2035 from $6.6 billion currently, J.P. Morgan estimates. Improving affordability, generic launches and wider access could drive adoption, though penetration remains low, particularly in India, where cost concerns and cultural resistance to injectable treatments remain key barriers.
NHB appoints forensic auditor for SRG Housing Finance
The National Housing Bank (NHB) has appointed ASA & Associates LLP to conduct a forensic audit of SRG Housing Finance amid allegations of fictitious loan accounts worth ₹300–400 crore, repayment record manipulation and possible fund diversion. The investigation will examine loan disbursements, borrower identities, asset classifications and fund usage, with findings potentially shaping regulatory action and the lender’s financial outlook.
India smartphone shipments fall to decadal low as prices squeeze demand
India's smartphone market experienced significant declines in shipments during the July-September 2026 quarter. Shipments fell by 20% year-on-year, marking the lowest levels in a decade. Demand for smartphones priced under Rs 20,000 saw a drastic 47% decline due to rising prices. Major brands such as Samsung and OPPO adapted by optimizing their product offerings to improve market performance.
Smartphone shipments fall 20% YoY in Q3 as price hikes mute demand
In the third quarter of this year, India saw a staggering 20% drop in smartphone shipments, largely due to rising memory costs impacting overall device pricing and consumer desire. Notably, the mass-market segment, particularly phones under Rs 20,000, witnessed a 47% decline. The sluggish demand was evident during the festive sales, with ecommerce platforms recording lower figures.
Parliamentary panel selects 25 subjects for review of urban development, Delhi projects
Under the Department of Urban Development, the committee will examine rainwater harvesting initiatives, legacy waste remediation, functioning of Smart City Integrated Command and Control Centres, and affordable rental housing projects.
Building India’s future food system
The future of India’s food system must be examined through three interconnected pillars: availability, accessibility, and affordability.
India Inc eyes a festive boom, but the bottom line holds a twist
Festive shopping is currently gaining momentum with significant sales in both online and offline markets. Companies are experiencing increased demand but are also facing rising costs that impact profitability. Many consumers are driven by discounts and affordable payment options during this festive season. Businesses are adapting pricing strategies to balance consumer affordability with input cost pressures.
This California city’s mayor declared rental emergency as rents soared 25% in 2026. Is AI to blame?
San Francisco rents have jumped 25% in a year, with two-bedroom apartments topping $6,000 a month. As the mayor declares a rental emergency, scientists, nurses and teachers are struggling to find affordable homes amid intense competition and concerns over the AI boom.
WinnDevelopment began a $21.5 million overhaul of an 83-year-old vacant high school in 2019, it later reopened with 70 senior apartments, here's how
The former East Haven School had been vacant for about 20 years. The building had served as the town's high school since 1936. WinnDevelopment made the decision to preserve the building rather than replace it with a new structure. The redevelopment covered a 104,871-square-foot property and involved big changes to its interiors, and facilities.
'Can't tell you whether to apply for Jio IPO': Nitin Kamath on Jio's rise, Zerodha's growth & what changed India's stock market
Nithin Kamath (Google Trends): Zerodha co-founder Nitin Kamath has credited Reliance Jio and Bharti Airtel for helping transform India’s digital economy and expand participation in the stock market. As Jio Platforms’ $3.2 billion IPO draws investor interest, Kamath said affordable mobile data, Aadhaar and UPI helped create the digital infrastructure that enabled businesses such as Zerodha to grow.
From France to Italy, Belgium and Spain: Housing crisis, rising costs, education fuel wave of protests across Europe
Protests against living costs and housing affordability have escalated across Europe, particularly affecting youth and workers. Countries such as Italy and Belgium have seen violent demonstrations, with numerous arrests reported. Spain is facing a housing crisis, prompting protests ahead of an upcoming election, while Portugal's demonstrations have echoed similar grievances. In France, public unrest began with students but has expanded to broader economic issues.
Jio IPO: Nithin Kamath explains how Jio played an important role in making what Zerodha is today
Zerodha CEO Nithin Kamath has credited Reliance Jio and Airtel with helping build India’s digital ecosystem and expand capital markets. Reflecting on Jio’s decade-long journey, Kamath said affordable data, along with Aadhaar and UPI, enabled online-first businesses like Zerodha to grow and helped drive a surge in retail investing.
2,516 DDA Narela flats open for booking at Rs 14.95 lakh starting price after 25% discount; over 2,500 homes booked within two hours; check eligibility, payment deadline here
DDA Narela flats: Delhi Development Authority's Awaas Nivesh Yojana 2026 received a strong response, with more than 2,500 low-income group flats in Narela booked within two hours of online bookings opening on October 20. The scheme offered 2,516 flats at a 25% discount, with tentative prices starting at Rs 14.95 lakh.
72-year-old Pennsylvania woman's 100-year-old house was at a risk of collapse. She could not afford repairs. How she got a grant to fix her home
Maureen Bird, a 72-year-old Pennsylvania resident, feared her nearly 100-year-old home could collapse because of a cracked basement wall. Unable to afford repairs, she received a grant and low-interest loan through the USDA Section 504 Home Repair programme. Local contractors repaired the damage, restoring her home’s safety while creating work opportunities for the surrounding community.
Alabama farmer secretly used retirement savings to pay pharmacy bills of strangers. After his death, the town discovered how much he had donated
An Alabama farmer quietly donated $100 every month for nearly a decade to help people who could not afford their medicines. Hody Childress, an Air Force veteran, kept his contributions secret and asked the local pharmacist not to reveal his identity or tell him who received the money. After his death at 80, his daughter revealed the story, bringing to light the extent of his generosity and the people his donations had helped.
World Bank seeks to boost connectivity in developing countries
The World Bank announced a new strategy to improve connectivity and digital access in developing nations. This initiative aims to lower the cost of smartphones and broadband services while expanding digital service accessibility. As developing countries face a job creation shortfall, enhanced digital infrastructure is necessary for economic growth. The bank emphasizes the disparity of internet usage between low-income and high-income countries.
Semiconductor ecosystem: Made in India and designed for India
India’s competitive advantage will not come from manufacturing at China’s scale or cost. It lies in building customised devices for specific users and applications.
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