FEDERATION OF AUTOMOBILE DEALERS ASSOCIATIONS
Longtime fan Rafael Nadal offered role on Real Madrid's board of directors
"I want to thank president Florentino Perez and the board," Nadal said on social media, next to a photo of him wearing a full Madrid kit as a kid. "I have accepted this proposal with great excitement, a desire to learn, and a willingness to contribute everything I can."
Virginia Election Results 2026: Democrat Mark Warner defeats Bert Mizusawa to win a fourth Senate term-here's how Virginia's House candidates perform
Democratic Senator Mark Warner triumphantly secured re-election in Virginia, achieving a noteworthy win against Republican contender Bert Mizusawa. Garnering roughly 61% of the votes, Warners's performance eclipsed Mizusawa's 38.8%. Additionally, the Democratic Party enjoyed victories in numerous congressional districts across Virginia, showcasing a promising landscape. Meanwhile, the state legislature remains intact, with Democrats maintaining a stronghold in both chambers.
Auto sales growth to cool post-festive season, says Monarch; bets on Minda Corp, RK Forgings and Sundram Fasteners
Auto sales growth is expected to moderate in the second half of FY27 after strong festive demand, while tractor sales may remain weak. Monarch Networth Capital prefers diversified ancillary players Minda Corporation, RK Forgings and Sundram Fasteners, with potential upside of up to 44%.
California could become the first state to tax billionaires' wealth
The state of California is deliberating on a proposed one-off 5% tax on the net worth of billionaires via Proposition 40. The initiative encounters significant pushback from wealthy opponents and considerable financial resources aimed at defeating it. Governor Gavin Newsom warns that it might trigger a tax flight among the richest residents.
Who is Gautam Hathiramani? Kanika Kapoor announces split from husband after four years of marriage. Singer asks for 'kindness and privacy'
Kanika Kapoor has publicly announced her separation from businessman Gautam Hathiramani through a social media post. In her message, she expressed gratitude for their time together and wished him well in the future. Kanika also emphasised the importance of kindness and respect for their privacy during this transition.
Washington's next chapter: A democratic socialist mayor and a looming Trump showdown
Janeese Lewis George won the recent mayoral election and will take office on January 2. She will face significant challenges, including local governance issues and financial difficulties. After a period of job losses, the city anticipates potential revenue drops, prompting tax consideration discussions. Lewis George emphasizes addressing the city's affordability crisis amid Trump's ongoing influence. She has a unique opportunity to reshape policies within the city's limited autonomy.
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India's palm oil imports hit 14-month high, soyoil purchases set record
In October, India experienced a surge in palm oil imports to 866,000 metric tons. Soyoil imports reached a record high of 653,000 tons, reflecting increased demand. The overall edible oil imports rose by 13%, reaching 1.74 million tons during the festive season. This demand is driven by concerns about limited domestic supplies and El Nino-related crop damage.
Democrats score Georgia governor's win as Trump unpopularity reshapes midterm contests
Democrats captured Georgia's governor's office for the first time since 1998 in the midterm elections. Keisha Lance Bottoms defeated Republican Rich Jackson, marking a historic win. Meanwhile, Republicans retained their hold in Florida as Byron Donalds won the gubernatorial race. Other closely watched contests were reported in Texas and Ohio, with vote counting still ongoing. The outcomes of these elections could significantly impact future political dynamics in the United States.
Who is Morgan McGarvey? Democrat wins reelection in Kentucky’s 3rd District: What to know about the congressman
Morgan McGarvey secured reelection to the US House representing Kentucky’s 3rd Congressional District against Maria Teresa Rodriguez. McGarvey received 122,912 votes, accounting for 73.4% of the total votes cast. During his campaign, he emphasized lowering health care costs and supporting public education. He highlighted his efforts in bringing over $245 million in federal grants to Louisville.
Democrats press to win a majority of governors' offices in midterms after power struggles with Trump
Votes were counted in key gubernatorial races during the midterm elections across several states. Democrats attempted to gain a majority of gubernatorial offices, a goal not achieved in years. Competitive contests took place in various states, reflecting voter discontent over multiple issues. Notable races included those in Texas, Ohio, Georgia, and Iowa, where incumbent governors faced challenges. The outcomes could significantly influence future election administration and political dynamics.
US Midterm Elections 2026: Democrat Debbie Wasserman Schultz wins reelection to US House in Florida's 20th District
Wasserman Schultz's move to a new congressional district paid off as she won a 12th term in office. The first Jewish woman elected to Congress from Florida, she previously served in the state's House and Senate before entering federal politics.
US Midterm Elections 2026: Democrat Mark Warner wins reelection to Senate from Virginia
Democratic incumbent Mark Warner won a fourth term in the US Senate, defeating Republican Bert Mizusawa, a retired Army major general and Afghanistan war veteran. The Associated Press called the race for Warner at 7 pm EST on Tuesday.
RBI eases forex rules for services exports and imports
The changes form part of the Foreign Exchange Management (Export and Import of Goods and Services) which came into effect from October 1, 2026. Under the amended regulations, a resident individual exporting services will be deemed to have submitted the Export Declaration Form, or EDF, once the individual provides the authorised dealer bank with the information required to credit the payment to the exporter's account. No transaction-value threshold has been prescribed for resident individuals.
US midterm elections: Oklahoma man sends hundreds of letters containing powder to public officials
An Oklahoma man named Robin Martin has been arrested for mailing hundreds of letters with a white substance. The FBI confirmed that the substances were nonhazardous, being yeast or flour, and not dangerous. The letters were sent to election officials, Congress members, and news media ahead of the upcoming elections. An investigation revealed that more than 700 mailings had been traced back to the same sender.
Karnataka risks losing auto, EV testing centres as Mandya politics stalls project
Karnataka risks losing proposed automobile and electric vehicle testing centres in Mandya due to political tensions. HD Kumaraswamy advocates for these centres, which could significantly boost the local economy. The central government’s investment could develop an auto hub similar to those in other states. However, political rivalries complicate the project's progress, and local leaders are unable to unite.
Federal judge dismisses lawsuit against Harvard over federal demand for admissions data
The Justice Department said Harvard had "thwarted" efforts to investigate potential discrimination. It accused Harvard of refusing to comply with a federal investigation and asked a judge to order the university to turn over the records.
Health insurance marketplace 2027: Obamacare premiums set to rise 13% as subsidies expire - will you pay more?
Healthcare marketplace: Obamacare premiums are expected to rise in 2027 as enhanced federal subsidies expire and eligibility rules change. With benchmark silver plan premiums projected to increase by 13%, many Americans could face higher costs, switch to cheaper coverage or struggle to keep their health insurance.
Is Election Day 2026 a federal holiday in the US? These states give workers a day off on November 3
Is election day a federal holiday? Election Day 2026 falls on November 3, but Americans will not get a nationwide day off as it is not a federal holiday. Here's why Congress has never made it a federal holiday, which states observe it as a holiday and what workers need to know about voting leave.
Anakapalli OTT release date locked: When and where to watch the Telugu crime-drama starring starring Vikram Sahidev and Sandhya Vashishtha
Telugu crime drama Anakapalli, starring Vikram Sahidev and Sandhya Vashishtha in the lead roles, is set to make its OTT debut soon. Directed by Khagesh Tammineni, the film follows a young man who joins a feared gangster's gang but eventually turns against him. The story combines crime, gang rivalry, romance and family emotions.
Kashmiri apple supplies fall short of Diwali demand amid fungal outbreak
Supply of Kashmiri apples is currently inadequate due to a significant scab outbreak that has affected this year's crop. The primary concern is that a large percentage of apples arriving in markets are of lower grades. Growers are facing high production costs while receiving low returns on affected apples. Demand remains good ahead of Diwali, with higher-quality apples commanding good prices.
By 1909, copper had helped Swansea, Arizona, grow to about 500 people; financial trouble followed in 1911, and the last mine closed in 1937
Swansea, Arizona, once thrived as a mining community but became a ghost town after its abandonment in 1937. It flourished in the early 1900s due to copper discoveries, only to suffer economic decline later. Research highlights that boom-dependent communities often face economic hardships. Surprisingly, copper prices are soaring today, driven by the tech and electric vehicle sectors. Swansea's history reminds modern towns to tread carefully in the current copper market.
Chinese EVs win over some in South Korea, but Japan is proving to be a rougher road
Chinese electric vehicle makers such as BYD are making inroads into South Korea, challenging established domestic brands with competitively priced models and growing dealership networks. BYD has sold more than 20,000 vehicles in the country in the first nine months of the year, overtaking Toyota and Lexus combined. Japan, however, has proved a tougher market due to low EV adoption, consumer preference for hybrids and scepticism towards Chinese brands.
Hero MotoCorp to increase EV capacity to 80,000 units per month by Q2 FY28
By the end of March, Hero MotoCorp intends to enhance the production capacity of its Vida electric two-wheelers from 30,000 to 45,000 units monthly. Furthermore, forecasts suggest a potential increase to over 80,000 units by the second quarter of FY28. The surge in electric two-wheeler demand has led to reduced dealer stocks, prompting a wave of capacity expansions among major manufacturers to meet this growing need.
Finance ministry estimates India’s Q2 FY27 GDP growth at 7.35%
The finance ministry’s nowcasting model estimates India’s GDP will grow 7.35% in Q2 FY27, following 7.8% growth in the previous quarter, supported by stronger industrial output, energy consumption, port traffic, GST collections and automobile sales.
Tractor demand drying to likely 3-year low at arid farms
Tractor sales are projected to fall by up to 10% year-on-year, while vehicle dealers in some markets are also seeing sharp declines in sales of entry-level cars and two-wheelers. Tractor sales were up 8% to 610,000 units in the first half of the current year from a year-ago period, according to Tractor and Mechanisation Association. The pressure is also visible in entry-level motorcycles and cars, which have a large rural market.
Apache maker TVS Motor rides EV surge to record quarterly sales
TVS Motor Company achieved its highest quarterly sales in the September quarter, largely due to electric vehicle demand. The company’s electric two-wheeler sales rose by 133% to 1.86 lakh units. Overall two- and three-wheeler sales increased by 27%, totaling 1.9 million units. Revenue surged 44% to a record Rs 17,103 crore, while profit after tax grew by 52%.
Car registrations plunge 22% this Navratri despite strong deliveries
The fall largely reflects a high base. Last year's Navratri coincided with the rollout of GST 2.0, after sales had come to a standstill for half of August and almost all of September. This year, momentum continued even through Shradh, a period considered inauspicious.
Navratri vehicle sales hit a speed bump, but EVs race ahead 27%: FADA
Vehicle retail sales in India experienced a year-on-year decline of 6.52% during Navratri. Passenger vehicle and two-wheeler sales contributed to this decrease against a high base last year. However, retail sales were up 26.76% from the Navratri period in 2024, indicating overall recovery. Electric vehicle sales rose significantly, accounting for about 10.5% of total vehicle sales. Industry leaders remain cautiously optimistic for the upcoming Dhanteras-to-Diwali buying season.
Navratri shoppers splurge on clothes, appliances as gadgets get pricier
Sales of apparel, footwear, and cosnumer durables increased over 20% during the recent Navratri-Dussehra festive period. Car retail sales saw a slight increase of 2% despite last year's GST-driven rush. Appliance sales were particularly strong, with air conditioners experiencing a growth of more than 50%. However, smartphone and television sales faced challenges due to rising prices of memory chips.
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