EAST AFRICA
Goyal in Egypt: Both sides to discuss increasing cooperation in infra, mnfg, logistics
Commerce and Industry Minister Piyush Goyal will visit Egypt for two days to enhance trade relations. He will engage in discussions to facilitate business participation in each other's markets and review the progress of bilateral trade. Over 140 Indian business leaders will accompany him to explore opportunities in various sectors. Meetings with Egyptian officials and business representatives are scheduled to reinforce economic cooperation.
Stock picks of the week: 6 stocks with consistent score improvement and upside potential of up to 28% in 1 year, according to analysts
It is not time yet to abandon the discipline that got you through the bad patch which the market has seen in the last over two years. So, get sound companies on a watchlist and keep a close eye on two key global factors.
Coca-Cola CEO to visit India ahead of HCCH $1-billion listing
Coca-Cola's CEO, Henrique Braun, is visiting India for three days to discuss the upcoming IPO of Hindustan Coca-Cola Holdings. His schedule includes meetings with various stakeholders including bottling partners and bankers. The IPO is expected to reduce Coca-Cola's holding in HCCH from 60% to 45%. Additionally, India is emerging as a pivotal market for Coca-Cola amid increasing competition. The company's valuation is projected at around $10 billion following the IPO.
The Microsoft trap: One outage can bring the business world tumbling down
Microsoft outage: The digital transformation that promised uninterrupted productivity has also created new points of systemic vulnerability. A world that has moved its offices, correspondence, records and increasingly its decision-making into the cloud cannot afford to discover that its business continuity depends on a single provider keeping its servers running.
Tata International appoints T V Narendran as Chairman and Noel N Tata as Chairman Emeritus effective November 12
Tata International Limited has appointed T V Narendran as the new Chairman and Noel N Tata as Chairman Emeritus. The transition will take effect on November 12, as stated in an announcement. Noel Tata expressed gratitude towards his colleagues for their commitment to the company and team. T V Narendran looks forward to building a strong foundation for the organisation's sustainable growth.
Climate crisis is outrunning world, UN chief Antonio Guterres warns leaders at COP31
UN Secretary-General Antonio Guterres addressed world leaders at the COP31 summit in Turkey regarding climate change action. He warned that the slow international response threatens the planet's future and urged countries to implement clean energy solutions. Negotiators from nearly 200 nations are currently seeking agreement on enhancing electricity's role in global energy consumption. The summit occurs amid significant geopolitical challenges and alarming climate data highlighting increasing global temperatures.
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Disaster warning systems race to keep pace with galloping climate risks
Twice a day during the rainy season, Raquel Izarra climbs to the roof of her home in the eastern Lima suburb of Santa Ines Bajo and measures how much rain has fallen using a homemade gauge, before
Heat-trapping carbon pollution drops, but scientists cite the Iran war rather than energy progress
This year, global carbon emissions fell by 0.4%, driven by oil supply disruptions from the conflict in Iran. While oil and natural gas emissions experienced notable declines, there was a small uptick in coal emissions. Experts caution that these improvements may not be guaranteed, attributing them primarily to external influences.
South Africa expands Electronic Travel Authorization to Indian travellers
South Africa's Electronic Travel Authorization system now allows online visa applications for 53 countries including India. The new ETA system simplifies the visa process for eligible travellers and their families. Minors can now apply online, enhancing accessibility for younger visitors. The expansion aims to support tourism growth ahead of the ICC Cricket World Cup 2027. The transition from the eVisa system to ETA will be completed by December 1, 2026.
Saudia's new Premium Economy seats to offer 43-inch pitch, wider space and added comfort from 2027
Saudia is poised to transform the travel experience with its upcoming Premium Economy Class, previewed at the World Travel Market London 2026. This innovative class promises enhanced comfort and privacy, serving as a bridge between the Economy and Business Class tiers.
‘Ocean freight rates will come down eventually, we have seen this before’: DP World COO
Global ocean freight rates are predicted to decrease after a surge due to logistical disruptions from the US-Iran conflict. DP World rerouted shipping routes through India to mitigate the impact on trade, showcasing the importance of Indian partnerships. Investment in Jebel Ali Free Zone increased significantly, with over 270 new Indian companies starting operations recently. Alternative routes were implemented for Indian cargo to bypass maritime bottlenecks, enhancing connectivity for trade.
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.
Global gas supplies could tighten in winter amid unprecedented Strait of Hormuz supply shock: IEA
Global natural gas supplies could tighten further during the 2026-27 winter heating season, as disruptions to trade flows through the Strait of Hormuz pose an unprecedented supply shock to the global liquefied natural gas (LNG) market, according to a report by the International Energy Agency (IEA).
India ends home World Armwrestling Championship with 59 medals; Russia tops standings
The 47th World Armwrestling and 28th World Para Armwrestling Championship concluded in New Delhi on November 6. India hosted the Championship for the first time, bringing together over 1,700 participants from more than 60 countries. Russia secured the overall championship title, with India finishing with a total of 59 medals. Various athletes from India excelled in different categories, showcasing their skills on home soil.
Mphasis posts 19.6% growth in Q2 profit at Rs 561.1 crore
The Bengaluru-headquartered company's revenue for the three months ended September 30 rose 17.4% from a year earlier and 4.5% sequentially to Rs 4,580.9 crore.
Saudi airline flyadeal launches direct flights between Jeddah and Lucknow
In a new development plan, Flyadeal is expanding its services to India with new direct flights from Jeddah to Lucknow, scheduled to commence on November 4, 2026. With three flights a week, this new route reinforces ties between the two countries, satisfying the needs of travelers for business and family connections.
Pakistan's external debt nearly doubled in decade ending 2025: World Bank
Pakistan's external debt is projected to rise to USD 135.1 billion by 2025, according to a World Bank report. Public and publicly guaranteed debt accounts for a significant portion, totaling USD 107.076 billion. China remains the largest creditor of Pakistan, holding USD 22.4 billion. The International Monetary Fund is expected to provide additional financial support for economic stability.
After midterm loss, Trump is left to weigh his next move in Iran war that contributed to GOP debacle
After significant losses in the midterm elections, President Trump reevaluates his approach to the conflict with Iran. Voter dissatisfaction regarding the war emerged as a critical factor influencing election outcomes and party dynamics. Analysts suggest Trump may consider various military options, while regional officials remain concerned about escalating tensions. Despite the challenges, Trump maintains his original stance on the war's necessity and efficacy.
In 1927, the US brought in weeping lovegrass for cattle and erosion control; one strain was later planted across 2 million acres of Oklahoma and Texas
Initially introduced to the U.S. in the 1930s to alleviate soil erosion caused by the Dust Bowl, weeping lovegrass rapidly expanded across vast areas of Oklahoma and Texas, proving valuable to ranchers seeking forage. However, this once beneficial species turned invasive, jeopardizing the survival of native plants. This situation serves as a poignant reminder of how immediate solutions can inadvertently lead to sustainable ecological challenges over time.
Tata Sons Chairman Chandrasekaran meets Italian PM Meloni after Iveco acquisition
Tata Sons Chairman N Chandrasekaran and Italian Prime Minister Giorgia Meloni recently discussed the acquisition of Iveco Group. This meeting focused on the strategic industrial ties between Italy and India, enhancing their collaboration. The acquisition allows Tata Motors to become a significant player in the commercial vehicle market. Chandrasekaran expressed gratitude for the support received from the Italian government during the acquisition process.
Emomee calls for stronger regulation of children’s digital content
Emomee, a children's entertainment company, emphasises the need for better regulation of digital content for young viewers. The company's founders, motivated by their children's viewing experiences, focus on creating quality educational programming. Recently, Emomee launched a series on Netflix and is exploring global partnerships for distribution. They are also developing physical products and considering live events to engage audiences.
MRPL boosts delivered oil buying as Iran war raises shipping risks
Mangalore Refinery and Petrochemicals Ltd plans to increase crude oil purchases on a delivered basis. This strategy aims to reduce shipping risks related to the ongoing Iran war. The company is also looking to diversify its crude sourcing to maintain full refinery capacity. CFO Devendra Kumar expressed hope for annual supply deals with Middle Eastern oil producers. Additionally, MRPL's fuel exports may decline as local consumption is projected to rise.
Marico sees sustained growth momentum, raises FY27 margin outlook
Marico experienced significant revenue and profit growth in the September quarter due to robust demand. The company's foods and premium personal care segments led this growth, supported by reduced input costs. Marico raised its Ebitda margin outlook, anticipating continued strong demand in the future. International business performance is improving in markets such as Vietnam and the Middle East, contributing to overall growth.
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.
Tata-Iveco combine eyes significant growth in volumes, revenues over next 5 years: Chandrasekaran
Tata Motors and Iveco Group expect significant growth in vehicle volumes, revenues and margins over the next five years following their combination, Tata Sons Chairman N Chandrasekaran said. The combined entity will have annual revenues of around $24 billion, operations in over 130 countries and a portfolio spanning trucks, buses and specialised vehicles.
Corning operationalises Pune optical plant; capacity expansion planned by 2027
The company’s other plant in Chennai, has begun production of finishing glass for the first time in India. Inaugurated in December, 2025, it is currently undergoing validation by original equipment manufacturers (OEM), and will commence commercial production within the next few quarters, Pillai said.
Ascentium eyes India acquisitions to build Asia-focused global services platform
Singapore-headquartered Ascentium is looking to expand its India presence through acquisitions as it builds an Asia-focused global corporate services business. Backed by Hillhouse Investment, the firm has completed seven acquisitions in India since 2019 and is negotiating another, with plans to consolidate specialist firms and challenge established players in the market.
Reliance Industries expands fuel exports to Africa, Europe as West Asia conflict disrupts supplies
Reliance Industries has redirected fuel exports to Africa, the Mediterranean and other European markets to capitalise on supply disruptions caused by the West Asia conflict, lifting its market share in these regions by about 50%. The strategy helped drive record quarterly earnings for its oil-to-chemicals business as global refining margins surged.
Reliance looks to Latin America, North America and the Mediterranean as Middle East oil disruptions put supply chains under pressure
In response to global energy market turmoil, Reliance Industries revamped its crude oil sourcing strategy for the July-September quarter. The company pivoted its petroleum exports to international markets, optimizing profitability. With the Strait of Hormuz and Saudi Arabia's pipeline creating hurdles, Reliance sought crude oil from Latin America and North America.
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