AFRICA
Kerten Hospitality aims to operate 5000-7000 keys in India over the next five years: CEO
Introducing its first hotel in Shimla, Kerten Hospitality, an innovative Irish lifestyle brand, has officially launched in India. The company's ambitious expansion plan aims for management of 5000 to 7000 hotel keys over the next five years. Operating in 12 countries, Kerten is devoted to lifestyle-driven hospitality and engaging with local communities.
Zerodha co-founders Nithin and Nikhil Kamath’s mother, Revathi, goes viral for her ragi mudde. This yummy dish is made of a millet Indians have been eating for 4,000 years, has more calcium than milk
Revathi Kamath, mum to entrepreneurs Nithin and Nikhil Kamath, was recently thanked by a Facebook user from Bengaluru for treating her to a delicious meal consisting of ragi mudde. According to Sadhguru, ragi is a nutritional powerhouse that can lower blood sugar and also improve digestive system.
NAN GreenMet, Chile's Enaex collaborate to set up Rs 750-cr explosives manufacturing facility
NAN GreenMet has partnered with Enaex to create an integrated explosives manufacturing plant in India. This venture involves an investment of Rs 750 crore and aims to begin commercial operations in 2027. The facility will cater to the rising demand in India's explosives market, projected to grow significantly in the coming years. The joint venture plans to provide a range of advanced blasting solutions for mining and infrastructure projects.
India’s ‘dear friend’ is back in power in Brazil, and a $30 billion trade opportunity is on the table
Prime Minister Narendra Modi congratulated Brazilian President-elect Luiz Inácio Lula da Silva on his re-election, pledging to deepen the India-Brazil Strategic Partnership. Bilateral trade rose 25% to $15.21 billion in 2025, with Lula setting a target of $30 billion.
Holcim lifts guidance again on strong demand
Holcim has increased its full-year guidance due to robust demand for sustainable building materials. The company reported a 17% jump in recurring Ebit in the third quarter, surpassing expectations. Increased customer demand and cost discipline contributed significantly to this profit increase. The firm aims to announce around 15 acquisitions by the end of this year. Holcim is focusing on alternative fuels to mitigate rising energy costs.
Cricket: Newlands to provide test of more than bat and ball for Australia
Australia will compete against South Africa in a crucial test match at Newlands, with both teams level in the series. Former captain Steve Smith, under scrutiny for past actions during the Sandpapergate scandal, aims to improve his performance. Current skipper Pat Cummins and teammates stand by Smith as they prepare for the match. South Africa will miss fast bowler Anrich Nortje due to injury and must select a suitable replacement.
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US courting Reliance's refining muscle to keep oil flowing, not curb Russian crude, analyst says
Marco Rubio's recent visit to Jamnagar emphasizes strengthening energy ties between the US and Reliance Industries. With a capacity of 1.4 million barrels per day, Jamnagar plays a crucial role in global diesel exports. The US seeks to stabilize energy flows while urging India to diversify away from Russian oil. Reliance is also positioned to process Venezuelan crude, enhancing Washington's interests in the region.
IndiGo, Air India Group to shift flights to Navi Mumbai airport ahead of Mumbai T1 redevelopment
IndiGo and Air India Group will gradually transition their flight operations to Navi Mumbai International Airport. This shift is scheduled to begin in December 2026 and will continue until mid-2027. The airlines aim to free up capacity at Chhatrapati Shivaji Maharaj International Airport for new international routes. IndiGo plans to connect passengers between domestic and international services at NMIA.
Bigger than RRR: SS Rajamouli reveals how he saved 40 days of shooting for Mahesh Babu, Priyanka Chopra’s Varanasi
SS Rajamouli’s much-awaited film, Varanasi, starring Mahesh Babu and Priyanka Chopra, seeks to outdo the grand scale of his earlier blockbuster RRR. The film brings together a diverse range of cinematic elements, with each unfolding like a separate storyline. Rajamouli is carefully navigating the challenge of connecting different sequences shot across multiple locations. Having completed nearly 275 days of filming, the director’s detailed preparation and strategic approach are evident.
Diversification plan: NMDC scouts for mining assets across four continents
NMDC is actively seeking mining assets worldwide, including critical minerals to support various industries. The company aims to earn 20 percent of revenues from minerals other than iron ore. This expansion aligns with government initiatives to secure raw material supplies and decrease import dependency. NMDC's strategy is expected to enhance its role in India's manufacturing sectors. Industries such as automotive, renewable energy, and electronics will benefit from these efforts.
L'Oreal bets on quick commerce, local products to accelerate India growth
L'Oreal is seeing substantial growth in its Indian market, supported by enhanced team capabilities and localization strategies. The company's consumer products division reported double-digit growth, particularly in haircare and skincare. L'Oreal is expanding its skincare brands CeraVe and La Roche-Posay into new cities to meet rising consumer demand. Additionally, L'Oreal has acquired a majority stake in Innovist to boost its digital-first marketing approach in India.
When noise is high, separate short-term headwinds from long-term business. 5 large-cap stocks with upside potential of up to 23%
For any decision you make in this market over the next three to six months, the first question should be about the business and the company. Is it hard to replace? If the answer is yes, you can ignore the short-term headwinds.
Meet Mahmoud Felfel and Hammad Syed, two Egyptian founders who built a text-to-speech tool; their voice AI startup was later acquired by Meta
Mahmoud Felfel and Hammad Syed are the founders of PlayAI. Both of them Egyptian entrepreneurs who had previously worked at Dubai-based classifieds platform Dubizzle. The idea for starting the company came when they got frustrated by limited access to regional content in audio formats. The aim was to make written content more available through speech technology.
Netflix’s India push lifts Asia-Pacific revenue to $1.54 billion, with record subscriber additions
In its third-quarter shareholder letter dated October 20, Netflix said revenue in India grew about 18% year on year on a foreign-exchange-neutral basis. View hours in India rose 24%, while view hours per member grew in the low-to-mid single digits. The company credited a slate led by “Lock Upp,” its first daily reality series, along with the scripted show “Musafir Cafe” and “Operation Safed Sagar.”
Centre beats March 2027 target, issues 11 crore unique farmer IDs under AgriStack
The Indian government has successfully created 11 crore unique Farmer IDs under the AgriStack framework. This achievement was completed ahead of the scheduled deadline, enhancing transparency and efficiency for farmers. Farmers will only need their unique ID to access various government schemes and benefits. Union Agriculture Minister Shivraj Singh Chouhan highlighted the significance of this milestone for Indian agriculture.
Teenager from South Africa turned orange peels into cheap, biodegradable product that can help plants survive drought by 84%. She used just ‘electricity and time’
Typically, orange peels are thrown directly in the trash. Nonetheless, a girl from South Africa transformed kitchen waste into a solution for water shortages that could spell disaster for farmers. As reported by the BBC, Kiara Nirghin, a South African girl, tested kitchen waste to assess how well it can absorb and hold water.
Mozambique eyes India partnership to boost agro-processing, expand rice trade across Southern Africa
Mozambique is set to elevate its agricultural collaboration with India, tapping into mutual strengths in agro-processing. Secretary Antonio Do Rosario Grispos emphasized that India's rice imports are crucial for ensuring food security in Mozambique. This partnership aims to enhance trade routes via Mozambique's ports, fostering regional commerce and agricultural growth while strengthening historical ties with India as a strategic ally.
Nestle sees strong growth potential for Maggi noodles in India; eyes expansion in Europe, Americas
The company, which sells noodles under the Maggi brand in India and other Asian markets, also has ambitious plans to expand the category in Europe and the Americas, its top leadership said during the earnings call for the September quarter of 2026.
Algebra Ventures closed a $54 million fund; 4 years later, six portfolio companies were valued at over $350 million
Its first fund invested in reportedly 21 startups across Egypt and the wider Middle East and North Africa region. The portfolio included businesses working in financial technology, healthcare, logistics and online services. Halan was one of its notable investments. The portfolio also included Brimore, a social commerce company.
India commercial insurance rates fall as capacity, competition rise
Commercial insurance rates in India decreased significantly in 2026 due to increased competition among insurers. Property and financial liability insurance rates fell for the fourth consecutive quarter, providing businesses with better terms. Cyber insurance also witnessed a decline, marking the twelfth consecutive quarter of reduced rates in the IMEA region. Insurers became more competitive, allowing businesses to negotiate premiums and coverage more effectively.
First recorded human case of Shamonda virus reported in France: Health officials
The first case of Shamonda virus infecting a human being has been reported in France, causing the death of an infected individual. Health authorities have indicated there is currently no threat to public health overall. The virus primarily affects livestock, especially cattle, and is transmitted by biting midges. Previously, it was believed to be non-transmissible to humans until this incident.
What to know about the Ebola outbreak that has spread from Congo to 4 other countries
The Ebola outbreak from Congo has now spread to Nigeria, Uganda, and Kenya, raising urgent health concerns. Nigeria confirmed a case involving a woman who arrived from Uganda, and contact tracing is ongoing. Uganda previously reported an outbreak after Congolese patients crossed the border for treatment, but this is now declared over. Kenya has identified nine cases linked to a traveler from Congo, with health workers also affected.
BL Agro heads to Africa with Rs 7,000 crore Tanzania bet; targets edible oil, dairy
BL Agro plans to invest Rs 7000 crore in Tanzania over the next ten years for international expansion. The company will focus on edible oils, dairy, animal husbandry, agriculture, and manufacturing. This investment aims to build an integrated ecosystem, leveraging Tanzania’s agricultural resources with Indian technology.
ArcelorMittal & SA's IDC close in on $610 m deal
South Africa's Industrial Development Corporation has agreed to acquire ArcelorMittal SA's local unit for about $610 million. This anticipated deal marks a significant intervention by the government in the industrial sector. The transaction aims to complete by the end of this year, pending a shareholder vote. Shares in ArcelorMittal SA saw a substantial increase following this announcement.
Islamic State-linked militants kill at least 48 civilians in eastern Mali, sources say
Islamic State-linked militants conducted attacks in the Menaka region of Mali, resulting in at least 48 deaths. These attacks were reportedly in retaliation for prior abuses committed by pro-government forces against suspected informants. Civilians were forced to flee as attackers set homes ablaze and stole livestock. Mali has faced ongoing violence from Islamic State and al Qaeda affiliates, further destabilis ing the region.
HSBC CEO says alternative routes could make Strait of Hormuz 'redundant' in five years
HSBC Group CEO Georges Elhedery on Tuesday said the Gulf region would recover from the impact of the Iran war through investments in alternative logistics routes, potentially making the Strait of Hormuz "redundant" within five years. Speaking in Dubai, he reaffirmed the bank's commitment to the GCC region.
ET Exclusive: India weighs security checkpoint for Starlink, global satcom firms
The Indian government is in discussions to create a hardware device for monitoring satellite communications from foreign providers. This device aims to ensure national security by controlling internet traffic from companies like Starlink. Officials state that this security layer will prevent potential risks associated with untrusted transport carriers. Notably, Starlink has faced regulatory challenges for not complying with local infrastructure regulations.
Vedanta doubles South Africa zinc capacity to 500,000 tonnes with $600 million investment
Vedanta Ltd has doubled its zinc production capacity at Gamsberg in South Africa with a significant investment. The expansion was inaugurated by South African President Cyril Ramaphosa and Vedanta officials, emphasizing the company's commitment to the region. Vedanta aims to achieve a total zinc production of 3 million tonnes annually, contributing to industrial growth and job creation.
NATCO Pharma subsidiary launches Carboplatin in US market to address shortages
Indian pharmaceutical company NATCO Pharma annouced the launch of Carboplatin Injection, a generic version of Paraplatin in the US market by its American subsidiary. The subsidiary would collaborate in manufacturing with Chennai-based Tero Labs Pvt Ltd. The launch is aimed at meeting the shortage of the drug. Carboplatin is directed towards the treatment of advanced ovarian carcinoma, including first-line combination therapy and palliative treatment of recurrent disease after prior chemotherapy.
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