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FSSAI seizes food products worth Rs 81.8 crore, suspends over 1,100 licences in nationwide drive
FSSAI seized 3,279.57 metric tonnes of food products worth an estimated Rs 81.80 crore and suspended 1,133 licences during a nationwide inspection drive covering 56,431 establishments between September 1 and November 5. The regulator also cancelled 52 licences, sealed 314 establishments and initiated 410 prosecutions over food safety violations.
Charting the global economy: Job growth in US tops all forecasts
US employment rose significantly last month, with the jobless rate declining to 4.1%, indicating robust economic activity. Labor productivity increased sharply in the third quarter, reflecting business adaptation to rising costs and greater efficiency.
Sweet trouble this Diwali: Rs 82 crore worth of food, 1,185 licences come under FSSAI scanner
FSSAI conducted a nationwide inspection drive from September 1 to November 5 to check food adulteration. During this period, more than 3,000 tonnes of non-compliant food products were seized across India. The regulator canceled 52 licenses and suspended over 1,000 licenses in response to violations. Additionally, 10,047 improvement notices were issued to food business operators across various establishments.
Tesla to add Cybertruck shift to clear orders before dismantling line next year
Tesla plans to add an additional production shift to fulfill outstanding Cybertruck orders by next year. CEO Elon Musk stated that production would then transition to the Cybercab, a new robotaxi model. Despite initial expectations, Cybertruck sales fell significantly, affecting its market performance. Quality concerns and recalls have also impacted the Cybertruck since its launch in late 2023.
India on right track in AI; firms moving from pilots to production: Oracle's Shailender Kumar
Indian businesses have shifted from AI pilot projects to widespread deployment, discovering tangible benefits. Cost, skills, and infrastructure remain obstacles that companies face in this transition. Oracle India is actively engaging with educational institutions to improve data science training and address skill gaps. Growing data centers are enhancing the country’s AI infrastructure and supporting business needs.
LIC to step up focus on non-par savings, protection products
Life Insurance Corporation of India is enhancing its focus on non-participating savings and protection products. This strategy aims to continue improving profitability amid weak equity market sentiment impacting ULIP sales. The non-participating savings segment saw a significant margin increase, contributing to overall growth.
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USDA to launch AI tool to check crop production data after errors
After the USDA discovered errors in its corn data from September, officials determined the AI tool would have flagged the problem and decided to use it on the crop production report due on November 10, USDA Under Secretary Scott Hutchins said in an interview.
Eyewear regulation Bill may come up in Parliament's winter session; MP Gopchade seeks national vision-care board
Rajya Sabha member Ajeet Gopchade has proposed a private member's Bill for regulating eyewear products and vision-care services. He has urged the Prime Minister to direct the Ministry of Health and Family Welfare to assess creating a National Optical/Vision Care Board. The proposal aims to ensure consumer protection and quality standards in vision-care. The existing Medical Devices Rules, 2017, may need strengthening for better oversight.
1 dead after fire breaks out at Leamak Company plant on Bavla Road in Ahmedabad
A significant fire occurred at the Leamak Company plant on Bavla-Ahmedabad Road, leading to one confirmed death. The fire reportedly started on the third floor where chocolate production takes place. Firefighters from Sanand, Bavla, and Ahmedabad responded promptly to douse the flames. After battling the blaze for nearly three hours, they managed to bring it under control.
Nicki Minaj’s own lawyers want to quit her case, and a process server at her $10 million penthouse was told the couple tend not to answer their phones
Nicki Minaj is locked in a legal battle with 24/7 Productions over unpaid expenses. Her legal team, Kurzman Eisenberg Corbin & Lever, has sought to withdraw from representing her, citing serious communication hurdles and irreconcilable differences. Serving legal documents has proven difficult due to Minaj's limited responsiveness. A decision from the judge on the law firm’s withdrawal is still pending.
What went wrong with Tesla Cybertruck? Elon Musk says production will wind down in mid-2027
Tesla Cybertruck production: Tesla plans to wind down Cybertruck production at its Texas factory around mid-2027 as Elon Musk shifts manufacturing capacity towards the Cybercab. The decision follows years of production delays, repeated recalls, steep price increases and sales that fell short of the company's original ambitions.
India's apparel production falls 5.6% in H1 FY27 as weak US demand, high costs hit manufacturers
India's apparel production contracted 5.6% year on year in April-September, extending its decline to nine consecutive months as subdued US demand and rising cotton and polyester prices weighed on manufacturers. Textile production, however, grew 13.1% during the period, supported by stronger demand for yarn, fabric and home textiles.
Tesla Cybertruck discontinued: Elon Musk suffers big setback after spending $446 million backing Republicans who lost in midterm
Cybertruck cancelled: Tech billionaire Elon Musk is facing new business challenges as Tesla plans to wind down Cybertruck production. After spending at least $446 million backing Republicans in the 2026 elections, Musk saw Democrats make major gains. House Democrats have also called for investigations into his work at DOGE and promised to scrutinize federal funding for his companies.
Govt working on telecom PLI with focus on higher local value addition
The Ministry of Communications is preparing to propose a second edition of the telecom production-linked incentive scheme. This new scheme will emphasize design-led higher value addition in the telecom sector. The first edition of the telecom PLI scheme attracted significant investments and involved approvals from numerous companies. Additionally, incentives under design-led manufacturing have been applied for by several firms. The proposal will undergo inter-ministerial consultation before seeking Union Cabinet approval.
Sugar output jumps to nearly 13 lakh tonnes so far in 2026-27 market year: ISMA
Indian Sugar & Bio-Energy Manufacturers Association (ISMA), in a statement on Friday, said the 184 sugar mills have commenced crushing operations across the country as of November 5, 2026, compared to 154 mills during the corresponding period of the preceding year.
Voltas names Noel Tata chairman emeritus; Q2 profit rises 53.5%
Voltas has announced the appointment of Sunil Alaric D’Souza as the new chairman. Noel Tata will step down as chairman on November 11, 2023. The company also designated Jayant Balan as managing director starting from May 25, 2027. Voltas recently reported significant financial growth with a 53.5% increase in quarterly profits. The leadership changes coincide with improved demand for the company's air conditioning products.
India targets 300 million tonnes of steel production by 2030, 500 million tonnes by 2047: G Kishan Reddy
India's Union Minister G Kishan Reddy announced plans to boost steel production significantly by 2047. The goal is to reach 300 million tonnes by 2030 and 500 million tonnes by 2047. Steel is essential for construction, linking to the aspirations of people for housing. The government also aims to increase iron ore production and improve raw material availability for the steel industry.
Sugar production rises to 12.85 lakh tonnes, 184 mills begin operations: ISMA
Sugar production during the current season has reached 12.85 lakh tonnes, against 3.20 lakh tonnes produced by the corresponding date last year.
Nicki Minaj’s lawyers want to drop her as a client amid $275,000 lawsuit; here's what you should know
Nicki Minaj is currently embroiled in a legal situation as her lawyers file to withdraw from representing her in a lawsuit tied to over $200,000 in expenses from her album Pink Friday 2. A production company alleges it is owed for costs related to promotional activities. The law firm cites communication breakdowns and significant differences as the grounds for their withdrawal.
Carl Pei teases Nothing’s first AI-native product; says it 'couldn't have been an app'
Nothing will launch its first AI-native product in December with a focus on productivity. The chief executive, Carl Pei, provided limited details about the product’s functions. It is suggested that the product may help users capture conversations and take notes. Other companies are also exploring wearable AI devices that focus on companionship or productivity.
Drought threatens India's 20% ethanol blending target as food takes priority
India faces a significant challenge in its ethanol production due to the lowest monsoon rainfall experienced in over a decade. This situation has prompted New Delhi to prioritize food security over its ethanol blending targets. Estimates suggest that the ethanol blending ratio may decrease this supply year from 20% to around 15%. Producers are being squeezed by increased corn prices and reduced purchasing prices for ethanol.
India has never allowed genetically modified products' import, won't do in future: Piyush Goyal
India continues to maintain a strict policy against the import of genetically modified products, as stated by Minister Piyush Goyal. He highlighted that the dairy sector remains particularly sensitive and has not been opened in trade agreements. Goyal emphasized India's commitment to protecting its agricultural and fisheries sectors while seeking preferential market access for textiles and pharmaceuticals.
India has never allowed import of GM products, will never open dairy sector: Piyush Goyal
Commerce and Industry Minister Piyush Goyal emphasized India’s commitment to safeguarding its dairy sector from free trade agreement pressures. He reiterated the nation's opposition to imports of genetically modified products, considering them sensitive. Goyal mentioned efforts to unlock new employment opportunities and promote domestic agriculture for competitive exports.
India aiming to achieve Rs 3 lakh crore defence production, Rs 50K crore defence exports by 2029: Rajnath Singh
India aims to build a self-reliant defence ecosystem to meet national security challenges effectively. Defence Minister Rajnath Singh highlighted budget increases and production goals during a recent meeting. The focus includes modernizing military capabilities and enhancing personnel preparedness for contemporary warfare. Strategic autonomy, technological advancements, and operational readiness are crucial for India's military future. The objective is a military that can handle various security challenges through continuous modernization efforts.
India’s professionals keen to sharpen AI skills, see productivity gains
Nearly 97% of Indian professionals are willing to develop their AI skills, while 88% expect the technology to improve productivity and efficiency, according to Michael Page India’s Candidate Pulse Report 2026, based on a survey of 3,401 professionals across 11 APAC markets, including 2,550 in India.
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.
ET Product of the Year Awards 2026: Categories recognising products driving market impact
The Economic Times Product of the Year Awards 2026 celebrate cutting-edge innovations that make a substantial difference in the market and attract customer loyalty across diverse industries. Categories feature Enterprise SaaS, FinTech, Cybersecurity, as well as consumer goods such as banking solutions and smartphones. Judging criteria prioritize market presence, adoption rates, creativity, and execution excellence, with an emphasis on quantifiable achievements.
Gen Z rewrites festive gifting with AI-assisted picks, artisanal hampers and self-gifting
Gen Zers are embracing self-gifting while shopping for family and friends. Personalised gifts reflecting interests and lifestyles are becoming the norm during festivals. There is an increasing focus on supporting small businesses and understanding product provenance.
OPEC+ set to keep December oil output targets unchanged, focus shifts to 2027 quotas
OPEC+ oil-producing countries have agreed to keep December production targets unchanged in a recent meeting. This decision is intended to pause output adjustments until next year, while focusing on future production quotas. Gulf producers are increasing exports that were previously disrupted due to the Iran war. The group also continues to maintain production cuts of approximately 2 million barrels per day until 2026.
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