INDIAN ISLAND
IMD warns fisherman as low-pressure area forms over Southeast Bay of Bengal from November 13
A low-pressure area is set to develop over the Southeast Bay of Bengal starting on November 13. This system is anticipated to move northwest and strengthen into a depression by November 15. Fishermen in the affected regions are advised to refrain from fishing activities until November 17. Warnings have been issued for those operating in the Andaman Sea and adjacent areas.
Tata Power says no provision needed for $650 million Kleros Award
Tata Power Company is currently not planning any financial provisions despite an adverse ruling from a Singapore court. The company believes they have a strong appeal against Kleros Capital Partners, who were awarded over $650 million. In the most recent quarter, Tata Power reported an all-time high consolidated net profit of ₹1,652 crore. Additionally, Tata Power's board has appointed Sanjay Banga as CEO-designate for the upcoming five years.
Vanishing vessels and missing sailors: The Iran war's human cost at sea
Naveen Kumar's mother, V. Pandiselvi, has not heard from her son for over six months. Kumar and five other crew members disappeared while onboard Iran-linked cargo vessels in May. Families face emotional turmoil and financial stress amid the ongoing conflict affecting shipping routes. The Indian recruitment agency has failed to provide information about sailors’ repatriation or safety.
Russia, US extend Diwali wishes to people in India
"Warm Diwali greetings to all our dear friends in India. light never diminishes by sharing; rather, it only increases. I believe that this very spirit of mutual respect, goodwill, and trust will continue to strengthen the friendship between India and Russia. May this auspicious festival of Diwali bring new hope, happiness, peace, and prosperity into your lives. Happy Diwali to you all," he said.
ED probes $1.5 million foreign funding trail across six countries over alleged meddling in India's domestic affairs
In a significant investigation, the Enforcement Directorate is examining the financial transactions of foreign companies that are tied to India's domestic issues. Investigators have followed $1 million in payments through various jurisdictions before pinpointing a firm in the UK. Of particular interest is the $500,000 that originated from a Canadian source.
Pralay missile test: How India's new weapon, twice as fast as BrahMos, could counter China-Pakistan threats and strengthen its upcoming Rocket Force
India's indigenous Pralay missile recently underwent a successful user evaluation trial, moving closer to deployment. With a range of 150 to 500 km, it is designed for precision strikes on military targets. The missile is expected to play a critical role in India's planned Rocket Force, enhancing conventional deterrence capabilities. Additionally, the Pralay missile will complement the BrahMos system, adding operational flexibility to the armed forces.
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Garden Reach Shipbuilders deliver INS Amini to the Indian Navy, bolstering anti-submarine capabilities
Garden Reach Shipbuilders and Engineers delivered the Anti-submarine Warfare Shallow Water Craft INS Amini to the Indian Navy on November 5. The vessel is named after Amini Island in Lakshadweep and carries a legacy from a decommissioned ship. This craft features over 80% indigenous content, enhancing India's defense manufacturing capabilities. The Indian Navy aims to strengthen its anti-submarine warfare capabilities with this delivery.
US Midterm Elections 2026: Mixed results for Indian-Americans as Subramanyam, Miller, Dandiya win, Ramaswamy loses
Indian-American Democrats Suhas Subramanyam and Aruna Miller have successfully won re-election in their respective states. Pia Dandiya secured a victory in Florida's 22nd Congressional District as well. Meanwhile, Amy Acton emerged victorious in Ohio's governor's race against Republican Vivek Ramaswamy. Early findings indicate Americans expressed concerns regarding the economy and the state of democracy.
US election results 2026 winners full list: Who is winning the midterm elections? Here's who is leading in House, Senate and Governor races
2026 us election results: Midterm elections were held recently, influencing the control of Congress for President Donald Trump's remaining term. Republicans faced notable declines among Black men, Latinos, and young voters, according to early exit poll data. The House currently has a slight Republican majority, while the Senate is 53-47 in favor of Republicans. Democrats needed a net gain of four seats to gain Senate control.
US Midterm elections results: Indian-American Democrat Pramila Jayapal wins against Nirav Sheth from Washington; continues fight for immigrant rights
Pramila Jayapal, the Indian-American Democrat, secures her re-election in Washington's 7th Congressional District with a commanding 87.5 per cent of the vote. A prominent advocate for immigration reform and healthcare, Jayapal's journey from immigrant rights activist to Congress showcases her commitment to progressive issues. Read about her impact on immigration policies and her wide-ranging legislative focus beyond just her district.
What time do voting polls close today? When will polls close in Georgia, Florida, Texas, California, Ohio and when can Indians expect results?
On November 3, polling stations across the United States will have varied closing times. The first to shut down will be in certain regions of Indiana and Kentucky at 6 pm ET, followed by many states, including Georgia and Virginia, closing at 7 pm ET. Although election results might start rolling in shortly after, final counts could be delayed, particularly in close races where state vote-counting procedures vary. The first results are expected early Wednesday morning in India.
Forget solar and wind: India bets on heat buried deep underground for round-the-clock clean electricity; here's the big plan
India is stepping up efforts to tap its estimated 10.6 GW geothermal energy potential, with its first two geothermal wells commissioned in Ladakh's Puga Valley in July 2026. The government is also supporting pilot projects across Gujarat, Arunachal Pradesh and Telangana, while its 2025 National Geothermal Energy Policy aims to promote research, technology development and private investment in the sector.
For investors with a 3- to 5-year horizon: 5 mid-cap stocks from different sectors with upside potential of more than 19%
A development worth noting is that there was net FII buying in five of the last six trading sessions. But it is still tentative, and cannot be declared as a reversal of the selling trend of the past few months. While indications are that they are favouring large-cap stocks, there are bargains to be had in the mid-cap space for the discerning investor.
India bonds end tad higher on softer oil
Indian government bonds experienced a modest rise as the 10-year bond yield neared a one-month peak. Investor optimism was bolstered by decreasing oil prices, although caution was still prevalent ahead of the upcoming US midterm elections. The benchmark bond yield displayed its lowest point since early October after notable drops in earlier trading sessions.
Rupee nudges higher, forward premiums dip with focus on US midterm, oil moves
On Tuesday, the Indian rupee gained slightly against the dollar, closing at 94.74 per dollar. This change occurred as investors awaited the results of the US midterm elections and developments in the Iran war. Oil prices rebounded, raising concerns about potential impacts on energy supplies. Analysts suggest that potential outcomes from the elections could influence the dollar's short-term position.
Why did market rally today? Sensex jumps 1,225 pts, Nifty closes above 23,800. 6 key factors behind today's surge
The Indian stock market witnessed a notable uptick on Tuesday, with Sensex and Nifty showing substantial growth. This surge was primarily driven by declining oil prices and favorable sentiments around the long-term capital gains tax. Enthusiasm among investors surged, particularly following significant net buying from foreign institutional investors. Though sectors such as Nifty Auto and Financial Services rallied, Nifty Pharma lagged behind.
US Midterm elections 2026: The Indian American vote may be small, but the political weight isn’t
As we approach the 2026 midterm elections, the influence of Indian Americans on electoral decisions could be significant. A striking 66 per cent favour Democratic candidates, while just 19 per cent support Republicans. Their economic presence is marked, contributing 6 per cent of total US income tax revenues, although they constitute only 1.5 per cent of the populace.
India bonds wipe out early gains as oil rebounds
Indian government bond yields have seen a slight uptick, predominantly influenced by the volatile crude oil market and geopolitical tensions. The market reacted sharply to recent US-Iran conflict reports. Traders are now closely watching the upcoming US midterm elections, which could impact Congressional dominance. As economic conditions evolve, the demand for state-debt auctions remains a key focus, with investors showing caution amid global uncertainties.
IndiGo, Indian Oil and other crude-sensitive stocks rally up to 4% as oil dips below $105/bbl. Where are prices headed?
Crude-sensitive stocks such as IndiGo, BPCL, HPCL and Indian Oil rallied up to 4% as oil prices declined for a second consecutive session amid US-Iran peace talks. Upstream stocks ONGC and Oil India, however, fell up to 2%. Lower crude prices typically benefit downstream companies by easing input costs and supporting refining and marketing margins.
D-Street poised for positive start as GIFT Nifty signals gains
Indian equity markets enjoyed a rally, spurred by robust buying in major stocks such as Reliance Industries. Analysts pegged immediate support for Nifty at 23,200, with resistance encountered at 23,500 and 23,700. Foreign portfolio investors were active buyers, netting Rs 3,115 crore, while domestic institutional investors offloaded shares worth Rs 392 crore. Meanwhile, the rupee dipped by 10 paise to close at 94.
Once upon a time: How India went from local clocks to one standard time
Who gets to set India’s clock? From railway crashes to Bombay’s rebellion,standardising time meant more than synchronising watches. Vikram Doctor delves into the tock of the town to find what made India tick
Bali's petrol queues offer a reality check for India's holidaymakers
Bali is currently facing a fuel supply crisis that is causing significant disruption for travelers. Traffic jams and fuel shortages have led to longer wait times for airport transfers and local commutes. Authorities have implemented measures to improve fuel distribution and manage demand effectively. Despite challenges, tourist arrivals remain steady, contributing to the local economy. Travelers are advised to check fuel availability before visiting popular attractions in Bali.
Marshall Islands-flagged LNG carrier with six Indians targeted in Persian Gulf attack; all crew safe
On October 30, an LNG carrier named M/T AL MAYEDA was targeted in a projectile attack. The vessel carried six Indian seafarers along with a crew of 25 members. Fortunately, all crew members, including the Indian nationals, are safe following the incident. Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal confirmed the safety of the crew.
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.
ETtech Deals Digest: Even Healthcare, Different lead October funding to $694 million, down 51% on-year
Even Healthcare led deal activity during the month with $50 million, followed by Different at $48 million, Boldfit at $41.5 million, Baba Care at $40 million and GreenCell Mobility at $34.5 million. Early-stage deals accounted for 61.9% of the capital raised during October, while late-stage transactions made up 19.4%. Seed-stage companies comprised the remaining 18.7%.
Weather today, October 30: IMD forecasts hailstorms and thunderstorms in Delhi-NCR, heavy rain in Andhra Pradesh and other regions due to Cyclone Arnab; check the state-wise forecast
Weather today, October 30: The India Meteorological Department has predicted thunderstorms and hailstorms in Delhi NCR on October 30. A low-pressure area has formed in the South Andaman Sea, expected to intensify into a depression. Heavy rainfall warnings have been issued for multiple states across India, highlighting severe weather conditions. Rescue operations are underway in Odisha due to floods and landslides related to Cyclone Arnab.
Who is Dr M. V. Ramana Murthy? An IIT Madras alumnus honoured after a new electric ray species discovered deep in the Arabian Sea has been named after him
New electric ray species found: Dr M. V. Ramana Murthy, Mission Director of India's Deep Ocean Mission, has been honoured by the naming of a newly discovered electric ray after him. An IIT Madras-trained ocean engineer, he has worked in coastal research, desalination, marine technology and hazard management, including as director of the National Centre for Coastal Research.
Japan eyes Indian live firing ranges for missile and drone training as defence cooperation deepens
Japan is collaborating with India to enhance defense capabilities, particularly in anti-ship missile training and drone operations. Japanese Self-Defense Forces have dispatched officials to inspect India's test facilities and live firing ranges. Past military cooperation has included similar training support extended by India to other friendly nations like Singapore. The focus on joint exercises comes amid increasing military tensions in the region, especially concerning China.
Diwali travel 2026: Bangkok, Phuket and Tokyo top Indian searches for overseas holidays: Agoda data
As the festive season approaches, Indian travellers are exploring exciting destinations both locally and abroad. With a marked interest in getaways to Bangkok, Phuket, and Tokyo, their domestic searches also highlight Goa, Puri, and Udaipur as favourites. Puri stands out with a remarkable 318 per cent increase in searches, showcasing the allure of its heritage and spiritual offerings.
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