HISTORIC TRADE DEAL
Samvat 2083 outlook: 8 triggers that could turn Sensex, Nifty correction into a rally by next Diwali
Indian equities enter Samvat 2083 after a correction that has made valuations more attractive, but a sustained rally will depend on several triggers. Falling crude oil prices, easing inflation, an earnings recovery, FII buying, an India-US trade deal and continued domestic liquidity could shape the market's trajectory over the next year.
Winning at Diwali gifting: Ditch the mithai, bring on the bling
Diwali is celebrated with vibrant decorations, festive gatherings, and traditional rituals in India this year. Businesses are experiencing a significant increase in online sales leading up to the holidays. Families gather to enjoy rich cultural customs and unique gifting practices during this festive season. Various products, ranging from gold coins to luxury home items, are popular during this time.
Investors in other markets would be envious of India multiples: Rich Handler, chief executive of Jefferies
Jefferies CEO Rich Handler believes Indian equities remain reasonably valued despite the market correction and says easing long-term capital gains taxes could attract foreign investors. He sees opportunities in India's AI and data centre sectors, argues that global capital outflows reflect external pressures, and believes concerns about an AI bubble warrant a healthy pause rather than alarm.
Rs. 400 crore of ‘cash’ that existed only on paper: Not for the first time, nor will it be the last
When something is wrong inside a company, the people running it know first. The auditors may sense it next. A regulator might confirm it years later, in an order the public finally gets to read. The ordinary shareholder sits at the very end of that queue, usually learning the truth only after the share price has already delivered its verdict. The value of reading the accounts closely is simple: It is the one way to move a little higher up that queue, while there is still time to act.
Indian-born Nithya Raman elected Mayor of Los Angeles, scripts history as first South Asian mayor of the city
Nithya Raman has made history by becoming the first South Asian mayor of Los Angeles. She won the election against incumbent Karen Bass during the recent mid-term elections. Raman, an urban planner with degrees from Harvard and MIT, aims to address housing and transit issues. The Indian-American community has achieved significant political gains across the country in these elections.
Trump's midterm election setback may fast-track India-US trade deal within two months says founder, GTRI
Ajay Srivastava, Founder of the Global Trade Research Initiative (GTRI) said the election results could push Trump to focus more on trade negotiations and expedite the proposed agreement with India.
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US midterm elections 2026: Democrats sweep House and Senate, deal Trump major blow; vow investigations, cost-of-living relief
Democrats have swept both chambers of the US Congress in the 2026 midterm elections, dealing a major blow to Donald Trump and the Republican Party. The victory gives Democrats control over the legislative agenda, powers to investigate the administration and an opportunity to push affordability measures as Republicans face a leadership reckoning.
Glittering Prospects: Why Gold is the ultimate sweet spot this Dhanteras
Gold is trading over 20% below its peak ahead of Dhanteras, offering long-term investors a potential staggered buying opportunity. Central-bank demand, ETF inflows and rupee weakness could support prices, with analysts projecting returns of 15–20% by next Dhanteras.
US Midterm Elections 2026: Georgia Sen. Jon Ossoff wins reelection, defeating Rep. Mike Collins to hold a key Democratic seat
Democratic Senator Jon Ossoff won a second term in Georgia, defeating Republican Representative Mike Collins and retaining a key seat for his party. The 39-year-old, the youngest member of the Senate, ran an aggressive campaign against President Donald Trump and raised more than $100 million.
Is Donald Trump just a 'lame duck' president as Democrats sweep US midterm elections and take control of the House of Representatives?
With midterm election results coming out, President Trump finds himself in the challenging position of being labeled a "lame duck". Indicating a readiness to counter Democratic probes, he may unleash a more combative strategy during this period. Despite the hurdles ahead, Trump's substantial impact on foreign affairs and trade remains. His relentless ambition ensures he will stay in the spotlight, refusing to let others dominate the narrative.
US Midterm Elections 2026: Georgia Sen. Jon Ossoff wins reelection, defeating Rep. Mike Collins to hold a key Democratic seat
Jon Ossoff successfully secured a second Senate term by defeating Mike Collins in Georgia's recent election. Ossoff campaigned vigorously against Trump's influence and his policies during the election cycle. The senator raised substantial funds, surpassing $100 million, in support of his campaign efforts. His aggressive criticism of Collins highlighted issues of racism and extremism. Ossoff’s victory signals a continuing Democratic presence in a state that has trended increasingly blue.
India’s illegal gold imports surge 1,500% after tax hike
India's illegal gold imports surged dramatically in the third quarter of 2023, reaching 50 metric tons. This rise is attributed to the government's recent duty hike on gold and silver imports. The increase in informal shipments is linked to previous tax increases that incentivized smuggling and cash sales. Gold demand typically rises during major festivals, though year-on-year metrics indicate a decline.
Oil Price Today (November 3): Crude oil rebounds to $105 as fresh attacks outweigh peace talks. What are experts saying?
Crude oil price : Oil prices experienced a slight increase following reports of a US strike on Iran's Qeshm Island. Concerns have risen regarding the potential escalation of the ongoing conflict in the Middle East. Goldman Sachs has revised its oil price forecasts upward, contemplating a possible future increase to $140 per barrel. Meanwhile, Tehran continues discussions with the US to seek peace despite ongoing military tensions.
Global Market Today: Asian stocks slide as US chip selloff deepens
The MSCI Asia Pacific gauge dropped 0.4% with South Korea’s Kospi Index sliding almost 3%. In the US, a gauge of chipmakers extended a three-day rout to 12% and the Nasdaq 100 sank 10% from its peak, entering a technical correction. In a sign some investors are looking to buy on dips, US stock futures gained. Japan is closed for a holiday.
FPI holding hits multi-year lows in 70% of top 100 Indian companies
Foreign investors have significantly reduced their holdings in nearly 70% of India's leading companies in recent years. Major firms, including banks and IT sectors, are seeing foreign ownership decline to multi-decade lows. This decrease in foreign investments mirrors diminished expectations for growth in India relative to other global markets. Although some companies experience slight increases in foreign ownership, they still remain at historical lows.
Why is India's probe of Scotch imports from Britain rattling liquor majors?
India's investigation into bulk Scotch whisky imports has triggered the first major trade dispute under the India-UK free trade agreement. The government argues bulk Scotch does not qualify for reduced import tariffs, potentially restoring duties to 150% from 75%. The dispute threatens a $65 billion global whisky market, putting Diageo, Pernod Ricard and Indian liquor makers at odds with customs officials.
Besides the bubble, a big AI risk could be growing in the shadows
Investors are worried about potential financial risks linked to Big Tech's investments in AI infrastructure. The technology sector recently experienced a significant sell-off, indicating growing nervousness among shareholders. S&P Global predicts considerable expenses on data centres for major companies like Amazon and Microsoft through 2030.
Govt to meet liquor firms as domestic giants join foreign peers in Scotch dispute
India's government is holding talks with liquor companies regarding tariff reductions on bulk Scotch imports. Major firms, including Diageo and Pernod, are expressing alarm about the investigation. Approximately 80% of Scotch imports from Britain arrive in bulk for local manufacturing. The Confederation of Indian Alcoholic Beverage Companies has warned of adverse effects on domestic production. Companies seek urgent intervention from the government to avoid disruption caused by the tariff issue.
US IPO Process: How companies navigate the road to Wall Street listing
Anthropic's potential US stock market listing has brought the IPO process into focus, from regulatory filings and confidential reviews to investor roadshows, pricing and share allocation. The process typically takes three to six months, with market conditions and investor demand influencing the outcome.
Lula’s Brazil election win: How he thwarted Trump’s Latin America ambitions
Luiz Inácio Lula da Silva won Brazil’s presidential election against Flávio Bolsonaro, stopping a conservative streak in Latin America. This victory challenges U.S. influence in the region and complicates President Trump's strategies. Lula's administration may seek collaboration with Washington while maintaining Brazil's independent foreign policy. Domestic congressional dynamics present challenges for Lula as he pursues reforms amidst conservative opposition.
Meta eyes record $95 billion equity raise to fund AI expansion
The Facebook parent has launched public offerings worth about $35 billion in common and preferred stock, and said it also plans to launch a separate at-the-market share sale program worth up to $60 billion.
Festive sales: Are discounts making you spend more? How to avoid the trap and shop smarter
Retailers use a bagful of psychological triggers and pricing tricks to sell more during sales. Here’s how you can avoid overspending.
'Trade becoming means of weaponisation, sea routes epicenter of geopolitical tension': PM Modi highlights India's role in changing world order
Prime Minister Narendra Modi underscored the evolving nature of international relations. He explained how trade is increasingly being used as a weapon among nations. Modi highlighted that technology has emerged as a new battleground for competition and conflict. Additionally, he pointed out the rising geopolitical tensions affecting global sea routes. These remarks reflect India's acknowledgment of current shifts in the global order.
‘It's never done till it's done’: Jaishankar on India-US trade deal
India's External Affairs Minister S. Jaishankar confirmed the progress towards a bilateral trade agreement with the US. Negotiating teams are working to finalize outstanding issues that could pose challenges ahead. US Secretary of State Marco Rubio also emphasized that both countries are very close to concluding the deal. Discussions have included various sectors such as trade, energy, and technology partnerships.
School assembly headlines October 23: Latest national, international, sports and business news
School assembly news headlines for October 23, 2026, cover major developments across India, international affairs, sports and business. Key updates include PM Modi’s diplomatic engagements, Sirpur’s UNESCO recognition, India’s medal-winning performances at the Asian Para Games, India’s T20 victory over New Zealand, and developments involving the Jio Platforms and OYO parent company IPOs. These concise headlines help students stay updated on current affairs and strengthen their general knowledge.
From Venezuela to Texas to Jamnagar: Marco Rubio’s dash for energy
US Secretary of State Marco Rubio is encouraging Reliance Industries to process more Venezuelan crude. His visit includes discussions with External Affairs Minister S. Jaishankar and plans for a refinery in Texas. The focus on Venezuelan oil aims at expanding reliance on alternative sources amidst geopolitical tensions. Washington is keen on tapping into Indian refining capacities for its energy strategies.
US targets $500 billion India trade in 3 years, up from record $240 billion, Sergio Gor says
The United States plans to increase bilateral trade with India to over USD 500 billion in three years. This trade target comes after reaching a record USD 240 billion, highlighting growing economic ties. Collaboration will focus on sectors like semiconductors, energy, and defense to foster mutual interests. Recent diplomatic engagements have already begun shaping a strategic alignment for both nations.
Rubio backs US-Russia-China talks on nuclear arms control, says it would be ‘positive’ for world
Marco Rubio expressed support for high-level arms control discussions among the US, Russia, and China. He highlighted the importance of communication among nuclear-armed nations, despite existing differences. Rubio noted that it is unclear if China will engage in these talks, referencing their historical stance. Reports indicate a potential meeting of the three leaders at the upcoming Asia-Pacific Economic Cooperation summit.
Marco Rubio to to commence three-day visit to India, calls India key ally, says its Russian energy purchases need to be understood
Marco Rubio's visit to Mumbai includes discussions on the pending US-India trade deal and bilateral relations. He will meet External Affairs Minister S Jaishankar to address economic cooperation and regional stability. After paying tribute to terror victims, he will attend the Freedom 250 Reception celebrating diplomatic ties between the nations. Following Mumbai, Rubio will travel to Jamnagar to engage further in energy discussions.
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