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Tea industry groups back panel's proposal for minimum sustainable price as costs outpace prices
Five tea industry associations have welcomed the government committee's recommendation for a minimum sustainable price for tea. This recommendation aims to address rising production costs that are exceeding the prices received by producers. The proposed benchmark price is linked to wage movements and consumer price indices, which will be reviewed periodically. Producers believe this pricing mechanism will help absorb wage increases and support investment in tea production.
China app bets Rs 28,000 on your love life, promises refund if you don't marry in 3 years
A Chinese matchmaking start-up is offering users a full refund if they remain unmarried after three years, while using AI conversations and one-to-one matching to identify compatible partners. Founded by a former Kimi AI developer, Liangpei AI has attracted more than 35,000 users, but its ability to turn matches into marriages remains untested.
FIIs are back with a bang but why are stocks from only 2 sectors their favourites?
Recently, foreign institutional investors have rekindled their enthusiasm for Indian equities, with significant investments particularly in technology and telecom sectors. Since mid-October, they've pumped $8.2 billion into the market, reversing prior selling trends. However, the financial services sector continues to struggle with considerable outflows, highlighting a trend of selective investments, while sectors like financials and FMCG are still under pressure.
Will Americans finally pay less on credit card debt? Elizabeth Warren backs Trump's 10% interest rate cap after midterm wins
For Americans carrying credit card debt, the difference between a 22% interest rate and a 10% rate could mean hundreds of dollars in savings every year. Now, Senator Elizabeth Warren says she is ready to work with President Donald Trump to make that lower rate a reality. The proposal has failed to gain traction before, but the Democrats’ strong midterm performance has brought the issue back into focus.
Resolven mobilises USD 900 million financing this year
Resolven has successfully mobilised USD 900 million in financing from 15 diverse lenders this year. The funds consist of USD 700 million in debt financing and USD 200 million in non-fund lines. Earlier this year, the company became an independent renewable energy entity focusing on growth projects. It aims to expand renewable capacity significantly, targeting more than 1.5 GW annually by 2030.
Samir Arora-backed Helios Flexi Cap Fund increases stake in Eternal, ICICI Bank, MCX, and 7 others in October
Samir Arora-backed Helios Flexi Cap Fund increased exposure to 10 stocks, including Eternal, ICICI Bank and MCX, in October. The fund also added Zetwerk Manufacturing Businesses as a new entrant, taking its portfolio to 72 stocks
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Ode to a compassionate algorithm: Philanthropists are backing AI for public good
From Flipkart’s Binny Bansal to Chrys Capital’s Ashish Dhawan and Karishma Sanghvi of Sun Pharma, a growing number of entrepreneurs are writing cheques for AI that can diagnose diseases, empower teachers, modernise courts and strengthen public services, betting that the technology can create social returns as significant as commercial ones.
US lawmakers introduce bill to make Diwali a federal holiday, 19 representatives back proposal
US lawmakers have reintroduced the Diwali Day Act in the House of Representatives, seeking to designate the festival as a federal holiday. Spearheaded by Congresswoman Grace Meng, the bill has secured the backing of 19 lawmakers, including five Indian-origin representatives. Its passage would make Diwali the 12th federally recognised US holiday.
Australia's Qantas Airways to cut 850 jobs as AI takes off, back-office work shifts to India
Australia's largest airline Qantas will cut 850 jobs from mid-2027 as it shifts some corporate functions to India and accelerates the adoption of artificial intelligence. A partnership with Accenture will overhaul its back-end systems, even as the airline embarks on the largest fleet renewal programme in its history.
Nvidia scandal: The AI arms race puts human spies back into the game
The Nvidia controversy involving CEO Jensen Huang and a woman suspected by US intelligence of having links to Beijing has renewed concerns over corporate espionage in the AI industry. Recent cases involving OpenAI and Google have also highlighted risks from insiders and traditional spying methods.
How will Democrats reduce your grocery bill once they take over Congress? Will rolling back Donald Trump's tariffs make food cheaper?
Democrats won both chambers of Congress after campaigning on the cost of living. Their grocery proposals range from rolling back tariffs to protecting food assistance. Some measures could help families pay for food even if the prices on the shelves stay the same.
Trump, Elon Musk and Bill Ackman back Nvidia CEO Jensen Huang after affair admission amid Chinese spy probe
Donald Trump, Bill Ackman and Elon Musk have backed Nvidia CEO Jensen Huang after he admitted to being unfaithful to his wife. Their reactions come as the company's board investigates reports that Huang was targeted by a foreign intelligence operation involving a Chinese businesswoman.
Tech firms claw back some losses after midterms rout, eyes on Nvidia
Tech firms rose Monday to claw back some of last week's painful losses fuelled by AI regulation worries, though traders were keeping a wary eye on a probe into Nvidia boss Jensen Huang amid claims of an affair with a Chinese spy. The executive, Alice Huang -- also known as Huang Le, and no relation to 63-year-old Taiwanese-born Jensen -- developed a close relationship with the Nvidia boss, the Times said.
Sony offers PS5 owners a trade-in deal before GTA 6 launch - here’s how much your used console could be worth
PS5 owners in the US are being offered up to $400 in cash for trading in their consoles through a promotion advertised in the PlayStation app. Back Market handles the trade-ins, with payouts depending on the console's model, condition and accessories. The offer comes weeks before GTA 6 launches on November 19.
Why did you come back? The Indian dream beyond India's borders
The trend of Indian emigration continues, driven by aspirations for better opportunities abroad. Despite improvements in India, many individuals still seek to leave the country. Historical patterns of migration are linked to economic conditions and personal ambitions. The allure of the United States remains significant for many professionals. However, immigration policies may restrict future movement and opportunities for those seeking success.
TPG invests ₹525 crore in Kirloskar-backed Arka Fincap
The Rise Funds of TPG is planning a significant investment of ₹525 crore into Arka Fincap, backed by the Kirloskar Group. This investment has the potential to be increased to ₹800 crore based on specific performance indicators and regulatory green lights. The funds will support Arka's expansion into secured retail lending and revamp its technological infrastructure.
Yemen's Houthis granting ships safe passage via email: Report
Yemen's Iran-backed Houthis have established a system for vessels to request safe passage through email. They declared a blockade against Saudi Arabia earlier this year and began targeting ships linked to certain countries. Some vessels are receiving timely responses within 24 hours regarding their safety requests. The Houthis have expanded their control over Yemen's Red Sea coast amid ongoing conflicts.
Trump discusses West Asia de-escalation with Qatar's emir; at least 30 killed in airstrikes in Yemen
US President Trump spoke with Qatar's Emir Sheikh Tamim about reducing tensions in West Asia. They focused on Qatar's mediation efforts to achieve security and stability in the region. In Yemen, airstrikes on a market resulted in the deaths of at least 30 people amidst ongoing conflict. Meanwhile, Italy's Foreign Ministry is seeking the release of detained Italians in the West Bank.
Gold gets its festive groove back in India as prices cool from record highs
India’s gold jewellery demand is picking up in the October-December quarter as lower prices and the wedding season draw buyers back to stores, with footfalls and purchase conversions improving, according to Crisil Ratings. However, consumers are favouring smaller purchases, including coins and bars.
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.
Shiprocket posts maiden profit on strong core business growth
The company swung to a profit of Rs 60 lakh ($63,487) in the quarter ended September 30, from a loss of Rs 20.29 crore a year ago
Democrats win both chambers of US Congress in midterm landslide, rebuke Trump over economy and Iran war
Democrats achieved significant victories in the midterm elections, resulting in control of both Congressional chambers. Many seats were flipped across previously Republican strongholds with stark voter dissatisfaction influencing results. Notably, Trump-backed candidates faced substantial defeats in multiple states like South Carolina and North Carolina. The outcomes revealed limitations in Trump's political influence and a shift toward Democratic representation.
Disney's Pixar names Jonathan Garson president as Jim Morris steps back
Jonathan Garson will assume the role of president at Pixar Animation Studios on January 4. He will replace Jim Morris, who has served as president for 12 years. Morris will remain involved with upcoming projects in a different capacity after stepping back. Garson has been with Pixar since 2010 and has extensive experience with Disney. Pixar's upcoming films include 'Gatto' and 'Incredibles 3', scheduled for release in 2027 and 2028.
Turkey's parliament set to ratify defence pact with Saudi Arabia, Pakistan as Houthi attacks mount
Turkey's parliament will ratify a defence pact with Saudi Arabia and Pakistan including mutual defence obligations. This agreement aims to boost military cooperation and enhance regional security in response to Iranian-backed threats. The pact allows for limited military support, focusing on equipment and intelligence sharing, rather than combat engagement. A mandate for deploying Turkish military personnel will also be submitted to the parliament.
Trump-backed Republican redistricting sought midterm edge; it didn't work
Republicans attempted extensive redistricting in multiple states to gain an electoral edge in the midterm elections. However, these strategies did not yield the expected results, especially in key states like Florida and Texas. Many targeted candidates lost their races, highlighting voter dissatisfaction with the Republican party's direction.
US Midterm Elections 2026: Trump's handpicked candidate bets backfire as Democrats capture key Senate seats
In the recent midterm elections, candidates endorsed by Donald Trump faced significant defeats in key races across several states. Voters in South Carolina, North Carolina, and Texas chose Democratic candidates over Trump-backed options. As a result, Democrats gained control of the Senate, highlighting Trump's declining influence among the electorate.
Adam Hamilton defeats Trump-backed Roger Marshall in Kansas, ending 94-year Democratic Senate drought
Adam Hamilton achieved a historic victory in Kansas, becoming the first Democrat elected to the US Senate in 94 years. He defeated Trump-backed Republican Roger Marshall in a contest initially deemed safely Republican. Hamilton, who emphasizes affordability and bipartisanship, campaigned effectively amidst a changing political landscape. The race gained attention from notable figures, including Donald Trump and Vice President JD Vance.
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