ANTI COMPETITIVE
Budget 2027–28: ASSOCHAM calls for tax reforms to boost investment, manufacturing, ease of doing business and tax certainty
ASSOCHAM has called for a series of Direct and Indirect Tax reforms in the Union Budget 2027–28 to boost investment, strengthen domestic manufacturing, attract foreign capital and improve ease of doing business.
India’s solar components market to more than double to $7.8 billion by March 2028: CEEW
India's market for solar module components is projected to exceed $7.8 billion by March 2028. This growth is primarily driven by increased domestic manufacturing capacity and rising demand. Planned expansions of production facilities are crucial for meeting anticipated requirements. Additionally, ensuring consistent quality and reliable supply chains will enhance competitiveness against imports. The study emphasizes the importance of clear standards and regulations for the solar components industry.
Bangladesh deploys additional paramilitary forces as garment workers' protests continue
Protests by garment workers in Bangladesh have persisted for five days due to demands for higher wages. Authorities have deployed additional paramilitary forces to manage the ongoing unrest in various industrial areas. BNP activists are actively attempting to maintain order while claiming infiltrators from the disbanded Awami League are causing chaos. A special tribunal has established a Wage Board to address worker concerns regarding compensation.
CCI clears KKR's Rs 6,000 crore investment in PETRONAS-backed Gentari Renewables
Global investment firm KKR has received approval from India's Competition Commission to invest in Gentari Renewables India. This clean energy platform is part of Malaysia's PETRONAS group, which focuses on renewable energy projects. KKR plans to invest approximately Rs 6,000 crore in the Indian renewable energy sector. The firm already holds investments in various Indian clean energy companies.
Who is winning Ohio governor race? Can Vivek Ramaswamy win the race amid past controversies and backlash over Amy Acton ad?
Who is winning the Ohio governor race? Republican Vivek Ramaswamy and Democrat Amy Acton are competing in the November 3 election to succeed Governor Mike DeWine. As votes are counted, the contest has also drawn attention over a controversial Ramaswamy campaign advertisement featuring Acton's estranged mother, Donna Arthur, who calls her daughter a liar and urges voters not to support her.
Prediction markets face US midterms test as election bets soar
In the race towards the US midterm elections, over $1.48 billion has been wagered through prediction markets such as Kalshi and Polymarket, highlighting their role in shaping political discourse. Experts raise alarms about the potential fallout if market outcomes deviate from real election results, which could undermine credibility. Notably, key Senate contests are intensifying market activity, indicating favorable odds for Democratic gains in Congress.
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Meta halts new business terms after backlash over data scraping and AI use
Meta has postponed the rollout of new terms affecting its business accounts due to significant backlash. Critics claimed these changes could lead to unauthorized data scraping and unfair competition against news publishers. A Norwegian court granted an injunction on the terms, highlighting concerns over Meta's market dominance. The U.K. competition authority has also initiated an investigation into these new business conditions.
Why Indian Navy is spending Rs 53,000 crore to buy 8 corvettes? How It will help India to defend India's 7000 km coastline from Pakistan to Bangladesh
Indian Navy will spend Rs 53,866 crore to acquire eight next-generation corvettes part of a wider effort to strengthen coastal defence and maritime security. With stealth features, multi-role warfare capabilities and over 70% indigenous content, the warships will add to India's expanding naval fleet.
Defence Ministry inks Rs 53,886 crore deals for new indigenous warships
The Defence Ministry signed contracts worth ₹53,866.50 crore for constructing next-generation corvettes with public shipyards. Garden Reach Shipbuilders & Engineers Limited will build five corvettes while Goa Shipyard Limited will construct three. The ships are designed for multi-domain warfare, including anti-surface and anti-submarine operations. This project is expected to create significant employment opportunities in shipyards and ancillary industries over the next decade.
What BJP is doing to blunt Opposition's 'vote chori' charge
SIR news: BJP has initiated a nationwide campaign called 'Loktantra Bachao, Arajakta Hatao' to counter opposition protests. Senior leaders will conduct padyatras in various states and challenge the opposition's claims. The campaign addresses the Special Intensive Revision of electoral rolls, which is currently under scrutiny. BJP intends to engage with the public through targeted programs, social media, and public meetings.
Govt inks Rs 53,866.50 crore contracts with GRSE & GSL for 8 Next Generation Corvettes for Indian Navy
The Ministry of Defence has signed contracts worth ₹53,866.50 crore with Garden Reach Shipbuilders & Engineers (GRSE) and Goa Shipyard (GSL) for the construction of eight Next Generation Corvettes for the Indian Navy. Under the deal, GRSE will build five warships and GSL the remaining three.
Most wanted stocks 2026: 6 stocks mutual funds are buying even as markets slump
Stock market investors are growing wary as prices continue to drop amid broader economic issues. Nevertheless, mutual fund managers are optimistic, identifying many investment opportunities during this downturn. The article identifies six stocks that have seen a rise in mutual fund investments, showcasing their resilience and growth potential during tough times. This analysis offers investors valuable insights to enhance their future strategies.
AI agent Instinct back on WhatsApp after technical issues: Here’s what we know
Instinct, a leading AI firm, faced a brief disruption in its WhatsApp services due to a technical glitch linked to its configuration. This led to confusion among users and sparked rumors regarding Meta's restrictions. Following the resolution of the billing issue, founder Noah Shinn reassured everyone that the services were once again operational. To mitigate future disruptions, Instinct is implementing proactive measures to enhance service reliability.
Good intentions, unintended consequences: The cost of regulation
Regulation is vital for protecting consumers and building trust, but unpredictable or poorly calibrated policy changes can disrupt business economics, valuations and investment.
Doubles deserves better than the ATP’s proposed cull
Bob and Mike Bryan, legendary tennis doubles players, are strongly opposing ATP's proposed changes to the doubles circuit. The changes, which will be voted on next month, intend to reduce tournament draws and prize money for doubles competitions. Many players and tennis legends argue that these changes threaten the viability of professional doubles. They claim that interest in doubles has declined due to poor promotion rather than the format itself.
ET Wealth Expo | Only 6 of 1990's Sensex stocks survive: S Naren's case for smarter asset allocation
S Naren of ICICI Prudential Mutual Fund highlights how only six companies from the 1990 Sensex remain in the benchmark today. At ET Wealth Expo, he explained why beaten-down stocks may never recover and urged investors to distinguish between asset allocation and stock selection, while cautioning against chasing strong past returns.
India's ESOP tax rules need reform to ease employee burden
India’s ESOP tax rules impose tax on unrealised gains before employees receive cash, creating liquidity pressures. Reforming taxation through deferrals or concessional rates could encourage employee ownership and ease the burden.
French billionaire Xavier Niel gets CCI approval to acquire 16.2% stake in Vodafone
Xavier Niel's investment vehicle, Vega SAS, has obtained approval from the Competition Commission of India to purchase a 16.2 percent stake in Vodafone Group for approximately 4.4 billion pounds. Post-acquisition, Vega SAS will become Vodafone's primary shareholder, a pivotal step as Vodafone continues to concentrate on its core markets following earlier restructuring efforts. This decision also complies with India's fair competition regulations, promoting healthy market dynamics.
Adani Energy Solutions gets CCI approval for Rs 3,050-crore IntelliSmart acquisition
The Competition Commission of India (CCI) has approved Adani Energy Solutions' Rs 3,050-crore acquisition of IntelliSmart Infrastructure. The transaction involves acquiring 100% of IntelliSmart's equity from NIIF and EESL, along with the redemption of optionally convertible debentures held by NIIF, expanding AESL's presence in the smart metering business.
China's secret reusable spaceship spotted in US intelligence report: What we know about this mysterious plane and its mission
A recently declassified US intelligence report has revealed a satellite image that confirms China's reusable spaceplane is currently orbiting. This significant development has sparked concerns about China's expanding capabilities in space and the potential military implications. The spacecraft is noted for its ability to interact with smaller objects during missions, amplifying worries about the competitive landscape of space exploration, as tensions between nations continue to rise.
ET Wealth Expo: In uncertain markets, investors can control only consistency and quality of their inputs, says Swarup Mohanty, Mirae Asset MF
Swarup Mohanty of Mirae Asset urged investors to focus on the consistency and quality of their investment decisions rather than market movements. At the ET Wealth Expo, he stressed that financial goals should drive asset allocation, cautioned against chasing past returns and highlighted the importance of buying good businesses at reasonable valuations.
Asian Paints shares see target price cuts by Jefferies, Goldman Sachs, other brokerages after Q2 results. Buy, sell or hold?
Asian Paints has reported a year-on-year profit growth of 7% for the second quarter of FY 2027. Revenue surged by around 17%, although expenses climbed by 19%, underscoring the challenges posed by inflation. Despite brokerages adjusting their target prices, the company declared an interim dividend of Rs 5.75 per share and hinted at upcoming price hikes.
India’s drug pricing policy must balance affordability, medicine availability and pharma industry growth
The Government of India has recently capped trade margins on anti-cancer medicines at 30%. This decision has reignited the ongoing discussion about drug pricing and accessibility. The existing regulatory framework aims to provide affordable medicines while supporting the pharmaceutical industry. Ensuring pricing transparency and targeted interventions can help address excessive margins in the supply chain. The ultimate goal remains to enhance patients' access to quality medicines at reasonable prices.
Neeraj Yadav death: 3-time Asian Para Games gold medallist found dead at 42 amid doping suspension
Neeraj Yadav, a prominent Indian para-athlete, was found dead at his flat with suspicions of suicide. His death is under investigation, and it remains unclear what led to it. Yadav was suspended from competition due to a positive doping test, which may have affected him emotionally. He had achieved significant success at the Asian Para Games, winning three gold medals.
Soccer star Kylian Mbappe apologizes for apparent reference to Mao as a ''dictator''
Kylian Mbappe faced backlash for comments referring to Mao Zedong as a dictator during an interview. The controversy led to several Chinese companies terminating sponsorship agreements with the soccer player. Following the backlash, Mbappe issued an apology expressing his respect for the Chinese people and their history. Various media organizations and the China Football Association have condemned his remarks and demanded accountability.
Centre working on integrated tax framework for textile sector to ease duty burden on raw materials and machinery
An integrated tax framework for India's textile sector is being developed to improve competitiveness in global markets. This framework will potentially encompass various duties affecting production stages from raw materials to finished products. The government's focus is on enhancing textile manufacturing, especially in technical textiles and traditional clusters. Industry representatives are advocating for duty exemptions on specific raw materials to support domestic manufacturing viability.
Defence Minister clears Rs 2.12 lakh crore defence proposals: What will the Army, Navy and Air Force get?
India's Defense Ministry has approved defense procurement proposals amounting to Rs 2.12 lakh crore for various services. Approximately 82% of the purchases will be sourced from domestic industry, promoting local manufacturing. The Indian Army will acquire advanced vehicles, guns, surveillance systems, and drones to enhance its capabilities. The Navy is set to receive innovative platforms for modern warfare, including an Active Offboard Decoy System.
Trump invokes 9/11 in urging Michigan voters to oppose Muslim Senate candidate El-Sayed
During a campaign rally in Michigan, President Donald Trump linked Abdul El-Sayed to Muslim extremists and 9/11 attackers. He warned voters that choosing El-Sayed would allow a jihadist into the Senate. Trump's comments were met with applause from supporters, while some attendees shouted insults at El-Sayed. Former US Representative Mike Rogers accused El-Sayed of having ties to the Muslim Brotherhood without providing evidence.
China faces fresh Indian duties on titanium dioxide imports: Anti-dumping levy of $460-$681 per tonne reimposed for five years
India has reimposed anti-dumping duties of $460 to $681 per tonne on specified titanium dioxide imports from China for five years, following a fresh investigation into injury to domestic manufacturers. The Finance Ministry notified the levy on Saturday. The move could raise input costs for paint makers and other industries, potentially affecting prices, while certain pharmaceutical, cosmetic, food and textile applications remain excluded.
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