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US probes alleged spy Alice Huang over suspected Super Micro chip smuggling to China: Report
The US Justice Department is investigating Alice Huang, suspected of potentially spying on ousted Nvidia CEO Jensen Huang, over whether entities linked to her helped smuggle Super Micro products into China. The probe, led by Manhattan prosecutors, adds another dimension to a widening semiconductor smuggling and espionage investigation involving Nvidia.
Karnataka's alcohol-content tax cuts consumption 2.4%, boosts revenue 13.4%
Karnataka's introduction of alcohol content-based taxation has led to a 2.4% reduction in per capita alcohol consumption. During this period, tax collections increased by 13.4%, indicating successful revenue generation. The shift resulted in a rise in beer and wine sales, which accounted for 45% of total alcoholic beverage sales. Furthermore, manufacturers of Indian-made foreign liquor have adjusted their products to lower alcohol content.
Iran unveils underground 'missile city', warns US bases in Europe could face strikes if war resumes
Iran has unveiled an underground facility displaying ballistic and cruise missiles as senior officials warn that any renewed US attack could trigger strikes on American military bases across the Middle East and Europe. Tehran has also claimed that its missile production capabilities remain protected underground and ruled out transferring its enriched nuclear material abroad.
NIA to probe online radicalisation of youths by Pakistan-based gangster
The National Investigation Agency is probing the online radicalisation of Indian youths linked to terrorist activities. This stems from a case registered by the Uttar Pradesh Anti-Terrorist Squad in April. Eight accused have been identified, including Shahzad Bhatti, who is associated with the ISI. The investigation revealed plans for major disruptive acts by Pakistani sleeper cells in India. Authorities aim to disrupt these operations to maintain internal peace and harmony.
Marco Rubio spends over $1.2m of taxpayer money to travel to his son's college football games. He is required to reimburse only around 3% of that amount
US Secretary of State Marco Rubio has incurred over $1.2 million in costs for his personal trips. These trips were primarily to watch the Florida Gators football games where his son is a player. He has utilized military aircraft for these travels, as commercial flights are not permitted for him. A requirement for reimbursement exists, though the exact amount that he has paid back remains undisclosed.
Qualcomm global recast may cost 1,000 jobs in India
The US chipmaker employs about 20,000 people in India, mainly at its engineering and design facilities in Bengaluru, Hyderabad, Chennai and the National Capital Region. ET first reported in October that its global restructuring could affect 600-1,000 jobs in India.
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Government approves Rs 62,370 cr fertiliser subsidy for Rabi 2026-27
The Union Cabinet has approved a nutrient-based subsidy of Rs.62,370 crore for RABI season 2026-27. This subsidy amount is significantly higher than the previous season's budget of Rs.37,952.29 crore. Global shortages and price escalations of fertilizers were influenced by the ongoing conflict in West Asia. The government aims to ensure affordable prices for fertilizers by rationalizing the subsidy on phosphatic and potassic fertilizers.
PM Modi says farmers remain top priority as Cabinet approves rabi fertiliser subsidy
Prime Minister Narendra Modi announced the approval of Nutrient-Based Subsidy rates for the upcoming rabi 2026-27 season. This decision aims to protect farmers from fluctuating international fertiliser prices, ensuring affordability. The budgetary requirement for this subsidy has increased significantly from the previous season. The government emphasizes that improving farmers' lives remains a top priority amidst global challenges. The total budget required is approximately Rs 62,370 crore for this season.
UK-based Tide to invest 250 million pounds in India in next four years
Tide, a UK-based financial platform, will invest 250 million pounds in India by 2030 to enhance operations. The investment focuses on technology centers supporting global business, particularly in the UK and Europe. Tide's significant presence in India includes approximately 800 employees, although it will exit the member-facing business, affecting around 400 employees. The decision follows a strategic review indicating profitability challenges in the Indian market.
US Treasury Secretary Scott Bessent moves to military base amid Iranian threats to his safety: Report
US Treasury Secretary Scott Bessent has relocated to a military base following reported safety threats linked to Iran. His relocation was prompted by escalating security concerns regarding potential Iranian threats to American officials. While the exact nature of these threats remains unclear, Bessent's move reflects serious security measures within the Trump administration. The transition was made for the safety of Bessent and his family, according to media reports.
Help NASA build a home on the Moon and get $1 million prize: Check competition rules, key dates, how and where to apply
NASA has announced a $1 million Moon Base Student Challenge, inviting eligible high school and college students in the US to develop innovative solutions for building a permanent human settlement near the Moon's South Pole. The competition will focus on six areas, including power generation, construction, life-support systems and astronaut safety.
US Air Force evacuates tankers from base in England due to Iran threat, Wall Street Journal reports
Two tankers stationed at RAF Mildenhall were diverted to Germany on Monday, and several other tankers were relocated to other bases in Europe later in the day, the newspaper reported, citing people familiar with the decision. U.S. officials decided to redeploy the aircraft after being alerted about the new threat on Monday, the Journal said.
Higher loan EMIs for these HDFC Bank borrowers: Bank increases lending rates by up to 15 bps; check new interest rates here
HDFC Bank has announced a rise in its Marginal Cost of Funds-based Lending Rates, set to take effect on November 7, 2026. This increase impacts all loan products tied to this rate, such as home and personal loans, with an increase ranging from 5 to 15 basis points based on loan duration.
US flags visa fraud involving sham staffing firms and fake student records, warns applicants
The US State Department has exposed multiple visa fraud schemes involving sham staffing companies, forged employment documents and fake academic records across several international jurisdictions. The cases include fraudulent recruitment of foreign workers, fabricated student exchange applications and falsified criminal records submitted by immigrant visa applicants.
US aircraft evacuated from second UK base due to Iran threat, WSJ reports
US military officials evacuated aircraft from RAF Mildenhall amid a threat linked to Iran. Two refueling tankers were diverted to Germany after security concerns arose. Several additional tankers were moved to various sites throughout the day. This action followed an incident involving five arrests near RAF Fairford that prompted the withdrawal of US bombers. The exact nature of the current threat remains under discussion among US officials.
Yamuna's first recreational cruise to begin Tuesday
A recreational cruise service will begin on the Sonia Vihar-Jagatpur stretch of the Yamuna river. This initiative aims to enhance river-based tourism within the National Capital Region. Electric-powered cruise vessels will showcase clean and sustainable mobility along the waterways. The cruise service development involves multiple authorities, including the Inland Waterways Authority of India and the Delhi Development Authority.
TRAI sets port charge ceilings for IP-based interconnection, effective Jan 2027
TRAI has capped annual charges for telecom IP interconnection ports at ₹5.6 lakh for 1 Gbps and ₹42.3 lakh for 10 Gbps, effective January 1, 2027. The ceilings apply across fixed-line, mobile and long-distance services, with operators free to negotiate lower rates.
US jobs market shows broad-based recovery in October as hiring beats estimates
US employers added 165,000 jobs in October, far exceeding expectations, while unemployment fell to 4.1%. However, a closer look reveals uneven labour market trends, with foreign-born workers driving gains, manufacturing recovering and job seekers facing longer unemployment spells.
NSE factor indices in 2026: Alpha holds firm as other factors falter in 2026 so far
Welcome to TrendMap, your guide to the performance of different investment segments. In this edition, we present a 10-year performance tracker of various factor-based investment strategies. This map shows that no single-factor strategy consistently outperforms, making a strong case for diversification. By Sameer Bhardwaj.
Amazon rolls out text-based shopping through Alexa
Amazon said the new text feature lets users research and compare products, track deals and price drops, and have Alexa for Shopping complete purchases on their behalf.
Vehicle registrations fall 24% in October on high base
Registrations of vehicles in October experienced a significant decline compared to the previous year's records. This drop was largely due to an earlier festive season that drove higher demand last year. Despite the decrease, certain vehicle segments like electric vehicles showed remarkable growth in registrations. The upcoming Dhanteras and Diwali festivities are expected to positively impact sales this month. Dealers remain cautiously optimistic about demand, especially in rural markets.
Offline Aadhaar verification to get easier for users as UIDAI onboards 300 entities to complete process
UIDAI has successfully onboarded 300 Offline Verification Seeking Entities since the launch in January 2026. This initiative aims to enhance Aadhaar-based offline verification across various sectors including healthcare, education, and hospitality. Users can now complete identity checks without submitting physical copies of their Aadhaar cards.
US green card backlog crosses 15.6 lakh, with over 2.68 lakh employment-based cases pending
The backlog of US green card applications has surged past 1.5 million, with family-based cases leading the way. Recent data reveals concerning trends in application approvals and processing times, particularly for employment-based and refugee categories. The significant delays highlight the challenges faced by many immigrants, especially those from India, navigating the complex path to permanent residency.
US sanctions India-based couple, companies over alleged support for Iran's Shadow oil fleet
The United States imposed sanctions on Suniel Kumar Sharma and Jaspreet Preeti Shahid for aiding Iran's shadow fleet. Their network allegedly provided fraudulent maritime registrations to help sanctioned vessels transport Iranian petroleum. Several companies linked to the couple also received sanctions under Executive Order 13902. Additionally, a Turkiye-based company was sanctioned for providing services to US-designated Iranian airlines.
Odisha signs MOU with J-PAL South Asia to strengthen evidence-based policymaking
The Government of Odisha has signed a three-year MoU with Abdul Latif Jameel Poverty Action Lab. This agreement aims to strengthen evidence-based policymaking through research and collaboration. J-PAL South Asia will support various governmental departments to address their policy priorities effectively. A Steering Committee will oversee the partnership and monitor project development every six months. The collaboration builds on ongoing efforts to improve areas such as education, sanitation, and governance.
AI-based cyber threat executing unauthorised fund transfers from banking firms: Cert-In
The Indian Computer Emergency Response Team (Cert-In) has named the incident "Crafty Falcon", which uses publicly available AI tools to execute complete attack chains autonomously at machine speed and generate and refine large numbers of tailored attack scripts in rapid succession.
CBI files FIR in $10 mn 'fraud' in Exim Bank involving UK-based company
The Central Bureau of Investigation has registered a case involving a USD 10 million fraud. This fraud is related to India Exim Bank and a UK-based company named Hanjer Biotech. Officials allege that the company diverted funds after requesting a loan for a recycling project. The loan was approved in 2012 but classified as a non-performing asset in 2014. The entire amount was reportedly siphoned off, leading to the investigation.
NEET panel proposes shift to rank-based merit: Govt to SC
An expert committee has recommended a shift to a rank-based system for NEET-PG admissions beginning in 2027. This proposal aims to replace the existing percentile-based qualifying criteria, with support from the National Medical Commission. The committee highlighted the necessity to reduce fees for non-clinical PG courses and exempt certain candidates from service bonds.
Watch: Two helicopters collide mid-air during landing near Everest Base Camp in Nepal, Indian traveller killed, another injured
On the morning of Tuesday, a tragic incident occurred near Everest Base Camp in Pheriche, Nepal, where two helicopters collided during landing. The unfortunate crash resulted in the death of one foreign national, while another person was injured. The helicopters were operated by Air Dynasty and Fishtail Air, and authorities have launched an investigation into the matter without yet revealing the identity of the victim.
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