BUSINESS
Elon Musk's business empire braces for Democratic wave as Texas flips blue
Elon Musk's nearly $500 million campaign to support Republicans failed as Democrats reclaimed both chambers of Congress and flipped Texas' governorship. The results could expose his businesses, including SpaceX and Tesla, to greater congressional scrutiny, tighter data-centre regulations and potential hurdles for expansion plans under incoming Texas Governor Gina Hinojosa.
AI shopping agents could threaten Amazon and Walmart's ad business
Retail powerhouses Walmart and Amazon are also the world's two largest retail media businesses, dominating the estimated $74.4 billion in US retail media spending with a combined 88% share of that market, according to projections from data firm Emarketer. But digital assistants could soon disrupt that business.
AMD shares jump as AI-driven data-center strength fuels growth outlook
AMD, which recently joined the ranks of trillion-dollar companies, has gained about 126% this year and is poised to add about $58 billion in market value if premarket gains hold. The company's strong outlook highlighted growing momentum in its server processor business, signaling that spending on AI computing was extending beyond Nvidia's accelerators, which dominate the market.
Danny Denzongpa's ₹40 crore business move: How the Agneepath actor expanded his Sikkim brewery empire to Assam to beat multi-millionaire Vijay Mallya's United Breweries in Northeast India
Danny Denzongpa, a renowned veteran of Bollywood known for his iconic villain roles, founded Yuksom Breweries in 1987 to generate local jobs in Sikkim. His venture into the brewing industry significantly grew, making him a well-respected entrepreneur. Balancing his career in film with his passion for Sikkim, Danny has chosen selective roles, with his latest being in the 2022 film Uunchai.
How businesses are using generative AI to create content at scale
The integration of generative AI into creative workflows is revolutionizing content production and innovation. Many Indian creators are witnessing enhanced business success and operational efficiency through these tools. Nonetheless, human intervention is vital to uphold brand consistency and quality in the final results. At the ET AI Awards 2027, outstanding organizations leveraging generative AI in their creative practices will be celebrated.
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Motilal Oswal Financial Services announces leadership rejig; appoints new heads across businesses
Motilal Oswal Financial Services announced major leadership changes across alternatives, retail broking and private wealth businesses. The reshuffle coincides with strong Q2 performance, with operating PAT rising 29% year-on-year to Rs 718 crore.
ETtech Explainer: Why SIM-binding is a concern for consumers and businesses
A new study raises alarms about the Department of Telecommunications' proposed SIM-binding requirement for messaging applications. The mandate could severely disrupt operations for consumers and businesses alike, especially impacting international travelers who depend on local SIMs or Wi-Fi. Businesses are bracing for heightened costs and difficulties tied to limited device accessibility.
Tata Motors-Iveco will focus on building a global CV business: N Chandrasekaran
Tata Motors announced its acquisition of Iveco Group to enhance its global commercial vehicle operations. The $4.32 billion deal aims to improve growth and diversification rather than consolidation. This merger combines their strengths across different markets and technologies to increase revenue and sales volume. Both companies will collaborate on electric vehicles and components, leveraging Tata's extensive distribution network.
Make urban legend real: Our cities must become far more business-friendly for India to achieve high per-capita income
India's urban population has grown slowly, with a significant portion living in small rural habitations. The country requires substantial rural-urban migration to boost urbanisation and economic productivity. Urban centres must create favorable business environments to attract new and expanding enterprises. State governments should implement measures to alleviate urban land scarcity and improve labor regulations.
CCI approves Kotak Mahindra Bank's acquisition of Deutsche Bank's India retail banking business
Kotak Mahindra Bank Limited has received approval from the Competition Commission of India for its acquisition. This acquisition involves Deutsche Bank AG's retail, private banking, and wealth management businesses in India. The deal includes significant assets like loans and deposits, benefiting around 150,000 customers. Additionally, a referral arrangement will be established between both banks through their affiliates.
Emcure Pharma shares jump 7% after Q2 profit rises 29% YoY to Rs 325 crore
Emcure Pharmaceuticals shares rose up to 7.3% after the company reported a 29.3% year-on-year increase in Q2 FY27 profit to Rs 325.1 crore. Revenue grew 24.3%, while EBITDA rose 30.9%, supported by strong international business growth.
As HR takes on a larger business role, are organisations recognising the teams driving that change?
The Economic Times HR Excellence Awards 2027 spotlight the transformative nature of HR within organizations, underlining their crucial role in shaping business strategy, fostering talent development, and enhancing employee experiences. With six distinct award categories such as Talent Acquisition and Employee Experience, this initiative serves to honor HR teams that significantly boost organizational performance and drive workforce change.
The changing C-suite: How finance and HR leaders are driving business transformation
CFOs and CHROs are moving beyond traditional responsibilities to become strategic business partners. The discussion explores how finance and HR leaders are navigating uncertainty, driving technology adoption, building organisational resilience and aligning financial and people strategies with sustainable growth.
IndiGo to introduce business, premium economy and economy cabins on A350 aircraft from 2028
IndiGo Airlines will introduce business class, premium economy, and economy cabins with its Airbus A350-900 aircraft. The first A350-900s are expected to join IndiGo's fleet in the second quarter of 2028. This marks a significant expansion in IndiGo's long-haul international operations, offering passengers more travel options. The airline currently operates in the domestic market and aims to strengthen its international presence.
DHL Express appoints Sandeep Juneja to lead business in South Asia and India
DHL Express has appointed Sandeep Juneja as senior vice-president for South Asia and managing director for India, effective November 1. He succeeds R S Subramanian, who will move to Blue Dart as managing director.
Shah Rukh Khan's Rs 10,000 crore business empire: How the actor makes money beyond films
Shah Rukh Khan Net Worth on Birthday: Shah Rukh Khan's, also known as King Khan, turns 61 on his birthday today Novermber 2. Shah Rukh Khan's wealth extends beyond Bollywood. From Red Chillies Entertainment and Kolkata Knight Riders to brand endorsements, international cricket and investments, here's how the actor has built his business empire.
Global business school applications fall 10%; Indian students increasingly turn to Europe, Asia: GMAC report
Global applications for graduate management education programmes declined by 10% for the 2026-27 class. Europe and Asia reported growth, while the US, UK, and Canada saw decreases. Indian applicants are increasingly favoring Europe and Asia for education opportunities. Domestic applications also fell in the US and Canada, primarily due to changes in visa and immigration policies. The report suggests a realignment in candidate preferences and study destinations.
Clementine's Ice Cream: How Tamara Keefe turned her love for ice cream into a multimillion-dollar business
After feeling drained and unfulfilled in her corporate career, Tamara Keefe created Clementine’s Ice Cream, driven by the joy of her childhood where she made ice cream with family. Pouring her savings into building this brand helped her establish credibility with local chefs. Joining the Goldman Sachs program gave her a boost, and now, Keefe shares her journey to inspire others to venture into the ice cream business.
Odoo 20 strengthens business operations with deeper India-specific compliance features
Odoo 20 has launched several updates designed specifically for Indian businesses. These updates focus on enhancing GST compliance, payroll processing, and accounting workflows to meet local demands. The integration of AI facilitates improved data handling and analysis in everyday operations, ultimately boosting productivity.
ET AI Business Transformation Masterclass & Awards: Inside the future of agentic payments
Synopsis: AI tools are all set to perform tasks that go beyond answering questions or making recommendations. A live demonstration at the ET AI Business Transformation Masterclass and Awards 2026 will show how AI agents can make UPI payments through P3P without manual intervention, and what this could mean for the way people make digital payments and business transactions in the future.
Indian fathers in business want their Gen Z sons to take charge but won't let them sign a Rs 50,000 cheque
Financial advisor Prem Soni has identified three traps preventing Gen Z sons from leading Indian family businesses: limited financial authority, public criticism and delayed succession planning. He argues that fathers often blame their sons for lacking initiative while refusing to relinquish control. The post sparked debate over generational conflict and business succession.
From Rs 3,000 to Rs 6 lakh a month: Ahmedabad couple started their cold coco business from the back of their car
Ahmedabad couple Darshan and Shruti Zinzuvadiya started The Coco Station in July 2025 with Rs 2,000 to Rs 3,000. Selling cold coco and coffee from their car after office hours, they now sell around 150 bottles daily and generate Rs 6 lakh in monthly revenue. Shruti quit her job to focus on the business, which has crossed Rs 36 lakh in total revenue.
Layoffs pushed Renee Rubens to rethink her career. She turned tea gifts into a business bringing in up to $30,000 a month
Renee Rubens turned her interest in premium loose-leaf tea into Symphony of Leaves Tea Company after years in corporate media sales and three career layoffs. She started by gifting tea to friends and built the business without loans. The company now brings in a reported $15,000 to $30,000 a month, though tariffs and supplier challenges continue to put pressure on the business.
From inheritance to wealth stewardship: How Indian families can protect generational wealth and prevent family business conflicts
As Indian business families navigate the intricate landscape of wealth transfers, they confront significant hurdles in succession planning. Establishing flexible frameworks for responsible wealth management across generations is imperative. Engaging younger members in conversations about values and governance fosters unity. Ultimately, preparing future heirs to effectively manage and amplify their inherited wealth is the primary objective.
AWL Agri Business experiences 2% profit drop, emphasises growth in packaged food and exports
AWL Agri Business has reported a 2% decline in consolidated net profit for the September quarter. Revenue from operations, however, increased by 26.1%, reaching ₹22,270 crore. The company's food and FMCG business saw significant growth, with a 32% year-on-year rise in revenue. AWL plans to focus on expanding its packaged food offerings and entering new markets. Additionally, the company aims to develop the pulses category, which presents attractive profit margins.
In 2026, 5 US businesses reached a $1 million pitch competition judged by Nicki Minaj; meet the entrepreneurs behind them
The US Small Business Administration (SBA) organised the Million Dollar Pitch Competition as part of its Freedom 250 initiative marking America's 250th anniversary. Five businesses reached the final after being selected from 1,182 businesses representing all 50 US states. The final was held before a live audience in Washington, DC, on September 18, 2026.
Bengaluru techie wants to start side business with Rs 3-5 lakh capital. Garbage recycling or courier franchises, tea, pani puri, momos stalls?
An engineer recently revealed how he was torn between enthusiasm to open a business and pragmatism, as he did not have enough capital. Taking to Reddit, the techie who was based in Bengaluru asked the commenters to suggest business ideas which did not require a great deal of money to invest, that involved low risk, yet had a demand in the market. The comment section ranged from serious opinions to downright hilarious.
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