FINANCIAL CAPITAL
Reverse AI trade drives foreign inflows back to India but rising US inflation poses challenge: Ajay Bagga
Foreign investors are returning to Indian equity markets as global funds shift away from the artificial intelligence infrastructure trade in markets such as the US, Japan, South Korea and Taiwan, while India's relatively attractive valuations and falling crude oil prices are improving its investment appeal, banking and market expert Ajay Bagga said.
Pills are paying off! Pharma stocks lead 2026 rally with up to 112% return
In 2026, India's pharmaceutical stocks are making headlines with impressive year-to-date gains. This surge is driven by strong domestic demand alongside enhanced profitability from new product launches. Notable players like Laurus Labs and Gland Pharma have recorded remarkable returns, topping 100%. Amid challenges faced by other sectors, the pharmaceutical field demonstrates resilience. Analysts are optimistic but advise exercising caution regarding potential market volatility and the durability of this sector's performance.
Delhi air turns hazardous; AQI touches 605, GRAP-II vehicle curb enforced at Gurgaon border
Delhi AQI: Among the worst-affected locations, Punjabi Bagh recorded an AQI of 452, followed by Dhaula Kuan at 417, ITO at 418, RK Puram at 423 and Ghazipur at 410. The air quality around India Gate stood at 414, with all these locations falling in the severe category.
Mumbai, India's financial hub is losing its coastal edge as pollution surges
Mumbai has faced unusually poor air quality throughout October as the average air quality index has sharply increased. According to data, this month has seen significant concentrations of PM2.5 particles that pose health risks. The ongoing El Niño effect is causing slower coastal winds that usually help disperse pollution. Factors such as construction activity and urban development further contribute to the deteriorating air quality.
Donald Trump-Republicans or Democrats -- Who will win US Midterm elections 2026? Here's what survey polls say with 10 days to go
US midterm elections 2026: Out of 435 seats in the House of Representatives, Republicans have 218 seats, Democrats have 214, Independents have 1 and there are two vacancies.
Silver dividends: How investing in ageing societies can boost growth and cut healthcare costs
As populations age and people work longer, governments can turn longevity into an economic opportunity by investing in accessible infrastructure, reskilling and flexible employment. The proposed “silver multiplier” captures how keeping older people socially and economically engaged can raise output, support entrepreneurship, improve public health and reduce healthcare spending.
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DP World PGTI, Essar Foundation launch Shri Shashi Ruia Memorial Golf Championship
DP World PGTI and Essar Foundation have launched the Shri Shashi Ruia Memorial Golf Championship, an annual tournament to honour the late Essar Group co-founder and promote professional golf in India. The five-year partnership will run through 2031, with the inaugural edition scheduled at Mumbai’s Willingdon Sports Club from January 12 to 15, 2027.
Trump's diesel price relief efforts grow costlier as election nears
With the midterm elections approaching, President Trump is implementing various strategies to combat high diesel prices. These measures include financial aid for farmers and adjustments to regulations for truckers. However, criticisms arise regarding the effectiveness of these solutions and their geopolitical implications. Many voters attribute rising costs to Trump's policies, posing a challenge for Republican candidates. Ultimately, the pressure to lower diesel prices remains as the elections draw near.
Marco Rubio lands in Mumbai as New Delhi, Washington push to close trade deal
US Secretary of State Marco Rubio is in India to enhance cooperation in energy, trade, and defense matters. His visit focuses on advancing the India-US Comprehensive Global Strategic Partnership and includes discussions on economic engagement. Rubio's earlier trip in May involved meetings with Prime Minister Narendra Modi and External Affairs Minister S Jaishankar. The anticipated bilateral trade deal aims to address tariff issues and boost market access.
Adani starts Dharavi rehabilitation work on 22-acre Matunga land parcel
Adani Navbharat Developers Pvt Ltd has initiated construction of rehabilitation homes at the 22-acre Matunga railway site. This project will include 10,432 apartments along with commercial and industrial units for eligible Dharavi residents. The first five towers are projected for handover by March 2029, followed by additional towers in 2029 and 2030. A portion of commercial space will be reserved for revenue generation to maintain infrastructure.
ET Business Growth Summit in Mumbai showcases ideas and innovations driving business growth
Key discussions focused on MSME growth, investment opportunities in Maharashtra, and innovative strategies for scaling businesses. Entrepreneurs and industry leaders shared insights on market adaptation, technological advancement, and overcoming traditional barriers, while recognizing outstanding contributions to the ecosystem.
‘Every country has good and bad sides’: Japanese woman living in Mumbai questions negative posts about India
Hikaru-san, a Japanese content creator who moved to Mumbai eight months ago, says living in India has challenged her perception of the country and prompted her to question social media content focused on poverty and unclean surroundings. Her Instagram video drew appreciative responses, with users sharing their own views on India's image online. One commenter also made unverified allegations about a coordinated campaign to spread negative content about India.
Mumbai heatwave alert widens across Maharashtra as IMD warns of hot conditions
Mumbai and nearby districts are currently under a yellow alert for potential heat-wave conditions. The India Meteorological Department forecasts dry weather following the retreat of the southwest monsoon. Economic analysts are monitoring agricultural impacts due to rising temperatures and potential food inflation risks. Weather patterns in the region will influence future policy decisions regarding economic conditions. Normal weather conditions are anticipated to return by October 12, 2026.
India’s next fashion movement could well come from the Northeast
A slew of homegrown labels are blending local craftsmanship and culture with the region's storied fashion sense -- and setting their sights on the mainland.
Ganpati Visarjan 2026: As Bappa bids Mumbai goodbye, a new product cycle begins
Ganpati Visarjan 2026: During Anant Chaturdashi, thousands of devotees participate in the Ganpati Visarjan, bidding farewell to the idols. After the immersion, the challenge of recycling and managing waste from the idols arises. The Brihanmumbai Municipal Corporation collects and stores the idols for future processing. Various organizations are exploring ways to convert recovered materials into usable products. The emerging ecosystem needs improved technology, predictable material flows, and a market for end products.
Mumbai’s infrastructure push reshapes housing demand, property prices
Mumbai’s rapid infrastructure expansion is reshaping residential demand and property prices across the city and MMR, with projects such as the MTHL, Navi Mumbai International Airport, Coastal Road, Metro network and Goregaon-Mulund Link Road improving connectivity and widening housing catchments. Areas including Chembur, Mulund, Bhandup, Thane, Kandivli, Malad and Borivali have seen property prices rise by around 10–12% over the past two years, experts said.
Canada optimistic about concluding trade talks with India by year-end, minister says
Canada anticipates finalizing a comprehensive economic partnership agreement with India by year's end. Trade Minister Maninder Sidhu expressed optimism regarding the upcoming negotiations and potential meetings. Discussions are focusing on the energy sector, including liquefied natural gas projects. Both nations are also exploring expanded cooperation in nuclear energy development. Indian firms are considering investments in Canada's critical mineral projects for supply chain security.
Blackstone came close to giving up on India; now it calls the country its best bet
Blackstone’s early India push struggled to gain traction, but a shift towards control stakes and sectors such as IT services, real estate and manufacturing has since made India its best-performing private equity market globally. President Jon Gray says the country is nearing a “tipping point” for faster growth, though trade and energy risks remain.
Manoj Jarange Patil to march to Mumbai from Sept 15 for indefinite Maratha quota hunger strike
Maratha reservation activist Manoj Jarange Patil on Saturday announced a march to Mumbai from September 15, where he plans to begin an indefinite hunger strike at Azad Maidan demanding OBC reservation for the Maratha community. He urged supporters to join in large numbers and warned the Maharashtra government against stopping them.
GFF 2026: Axis Bank CEO Amitabh Chaudhry sees credit growth slowing to 15-16%, flags rate hike risk
Axis Bank CEO Amitabh Chaudhry expects India’s bank credit growth to moderate to 15-16% this year from the current 18-19%, partly due to the base effect and FCNR(B) inflows. He also warned of possible rate hikes in October and December as the India-US interest-rate gap narrows.
Lucknow tops clean-air rankings; Delhi betters Mumbai and Bengaluru
Lucknow secured the top position in the Swachh Vayu Sarvekshan 2026 rankings. Madhya Pradesh cities like Indore, Jabalpur, and Bhopal also performed well. Odisha cities showed significant progress among smaller population categories. National capital Delhi improved its air quality ranking to 30th place. Overall, 108 out of 130 cities improved PM10 levels.
Amit Shah calls western states 'WEST' engine of India's economy
Union Home Minister Amit Shah highlighted the western region as India's economic growth engine. He defined 'WEST' as wealth, exports, startups, and tourism driving national progress. Goa significantly contributes to economic growth through tourism and its high per capita income. Maharashtra leads with numerous startups, while Dholera emerges as a semiconductor hub. Mumbai, the financial capital, is also becoming a global capital hub.
Maharashtra govt aims to make Mumbai slum free in 10 years: CM Fadnavis
Maharashtra aims to make Mumbai slum-free within the next decade. The state is pushing for 10,000 homes in Dharavi by January 2029. Redevelopment of BEST bus depots will create mixed-use urban spaces. Mumbai 3.0 expansion includes new smart cities and an offshore airport. These projects will reshape the region's economic landscape and growth.
Dharavi residents oppose plan to re-invite redevelopment bids
Residents of Dharavi have decided to oppose any plan by the government of Maharashtra to re-invite bids for its ambitious project to redevelop Asia’s largest slum, in the centre of India’s financial capital, Mumbai.
London overtakes India’s financial capital in rupee trading
Average daily volumes for rupee in the UK soared to $46.8 billion in April.
Financial capital disappoints with flat direct tax collection
Income tax department today conceded that it will not be able to meet the targeted 20 per cent growth in collections from Mumbai.
Meltdown weakens NYC as global financial capital
With US top investment houses shuttered, doubts have emerged over whether the city known for generations as World's financial capital can retain that title.
Meltdown weakens NYC as global financial capital
Places like London, Tokyo and Hong Kong have become global financial centers on a scale that some believe already rival New York. Countries in recession
Terrorist strike brings financial capital to a standstill
Worst ever terror strike brought India's financial capital to a stand still on Friday.
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