SUEZ CANAL ECONOMIC ZONE
Goyal in Egypt: Both sides to discuss increasing cooperation in infra, mnfg, logistics
Commerce and Industry Minister Piyush Goyal will visit Egypt for two days to enhance trade relations. He will engage in discussions to facilitate business participation in each other's markets and review the progress of bilateral trade. Over 140 Indian business leaders will accompany him to explore opportunities in various sectors. Meetings with Egyptian officials and business representatives are scheduled to reinforce economic cooperation.
FICCI calls for comprehensive India-Africa trade framework
India and Africa are encouraged to develop a comprehensive trade arrangement to enhance economic cooperation. Ficci emphasizes the importance of a predictable framework to address trade barriers and promote investment. With the upcoming visit of Commerce Minister Piyush Goyal to Egypt, both regions aim to strengthen ties. Egypt's strategic location provides opportunities for Indian companies in various sectors.
Peoria bomb threat: What to know about the police warning and one-mile evacuation zone
Police in Peoria, Illinois issued a mandatory evacuation order due to a bomb threat at BioUrja Renewables. Residents and workers within a one-mile radius are urged to evacuate immediately, remaining away until further notice. The Peoria Police Department is conducting an investigation to determine the credibility of the threat. Citizens are advised to avoid the affected area as most streets have been closed.
Adani Group rejects allegations of lowering Tarali PSP project costs to cut statutory obligations
The group spokesperson in a statement said the online proposal was submitted solely for site investigation purposes, while the State Board for Wildlife (SBWL) had considered the project's total cost at Rs 5,675 crore.
Delhi govt plans 5-acre 'world-class' Chhath ghat at ITO featuring sculptures, fountains and a plaza
The Delhi government is set to develop a 5-acre Chhath ghat along the Yamuna near ITO. This project aims to create an aesthetically appealing and environmentally sustainable site for Chhath puja. It will include various artistic features, landscaping, and amenities for public comfort. A consultant will prepare a detailed report and plans for construction based on the public works department's guidelines.
AI accounts for quarter of euro zone credit growth, ECB says
The influence of artificial intelligence on bank lending in the euro zone is becoming increasingly pronounced, with European Central Bank chief economist Philip Lane noting that AI-related finance accounts for nearly 25% of credit growth. Even amid the obstacles posed by soaring interest rates and inflation, overall lending remains strong.
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NSE International Exchange opens UK, France, 5 more European markets to Indian investors
NSE International Exchange has expanded its global investment platform to seven European markets, giving Indian investors access to over 11,500 securities, including 8,200-plus UCITS ETFs, through its GIFT City-based entity.
Dinaz Vervatwala x The Economic Times
Dinaz Vervatwala established Dinaz's Fitness, a unique women's fitness studio in Hyderabad, back in 1993. Transitioning from a career as a chartered accountant, she emerged as a prominent fitness trainer and wellness coach. Dinaz advocates for a holistic view of wellness, blending mental health and sustainable practices, drawing on her personal journey after overcoming a traumatic accident that instilled in her the values of resilience and consistency.
CleanMax to invest Rs 50,000 crore in AI compute, renewable energy projects in Andhra Pradesh
CleanMax will allocate Rs 50,000 crore towards establishing a renewable energy and AI compute facility in Andhra Pradesh. Partnering with Neysa, a 2 GW AI computing center will rise in Kurnool district, set to provide 1,000 jobs by March 2028. This ambitious plan also includes generating 3 GW of wind, 2 GW of solar, and 1 GW of hydro storage energy, transforming Andhra Pradesh's technological landscape.
Indian Navy conducts fifth edition of pan-India coastal defence exercise 'Sea Vigil-26'
The Indian Navy is set to execute the fifth iteration of the Coastal Defence Exercise 'Sea Vigil-26' this month. This crucial exercise aims to assess the effectiveness of coastal security measures while pinpointing weaknesses in the current defence systems. It brings together personnel from various maritime agencies to evaluate readiness along the coast. Later, a tactical simulation will mirror possible security attacks, reinforcing India's maritime security against emerging threats.
No longer just non-AC train: Indian Railways' first Amrit Bharat Express 3.0 with AC coaches hits tracks between Delhi and Patna to ease Chhath Puja rush
Indian Railways has introduced its first Amrit Bharat Express 3.0 featuring AC coaches on the New Delhi-Patna route to manage the Chhath Puja rush. The special train, which departed on November 11, has a 22-coach configuration comprising First AC, Second AC, Third AC, Sleeper and General coaches. The upgraded train features push-pull technology, improved suspension, modern toilets and mobile charging points.
Stock Radar: Breakout from symmetrical triangle pushes Adani Ports to fresh record highs; time to buy or book profits?
Adani Ports & Special Economic Zone Ltd has broken out from a symmetrical triangle pattern on daily charts. The stock has hit fresh record highs and is recommended for short-term buying opportunities. Experts suggest potential upside targets of Rs 2,000 to Rs 2,100 in the next few weeks. Additionally, the stock demonstrates a strong bullish setup, reflecting positive momentum. The critical stop-loss level for traders is advised at Rs 1,750.
In 2016, a Florida foundation backed a 53-acre waterfront park. Nine years later, its $10 million investment had helped catalyze $50 million in private donations
The Bay Sarasota: A former parking lot along Sarasota Bay is being transformed into a 53-acre public park, with a $10 million contribution from The Patterson Foundation helping catalyze $50 million in private donations. The first 10 acres are open, more than 1.2 million visits have been recorded, and construction continues on the next phase.
Indian Navy to conduct fifth Sea Vigil exercise from November 11, covering entire coastline and EEZ
The Indian Navy has launched the Sea Vigil-26 exercise to assess India's coastal defense preparedness. Scheduled from November 11 to 19, this exercise will cover the entire coastline and Exclusive Economic Zone. It involves multiple agencies, including the Coast Guard and local communities, to enhance maritime security. This exercise is crucial for identifying gaps and improving coordination among various security forces.
Market wrap: M&M, InterGlobe, Adani Ports SEZ, ICICI Bank top gainers and losers on Nifty and Sensex on Wednesday
Sensex surged 773 points and Nifty closed above 25,250 on Wednesday, extending their winning streak to nine consecutive regular sessions. M&M and InterGlobe led the Nifty and Sensex gainers, rising over 5% and 4%, respectively. Adani Ports SEZ and ICICI Bank featured among the top losers on both indices.
Adani Ports can absorb proposed Evos acquisition costs: S&P
Adani Ports and Special Economic Zone intends to acquire Evos BV, a Netherlands-based liquid storage operator. The all-cash transaction, valued at 2.56 billion euros, emphasizes strategic international expansion. The acquisition aims to enhance Adani Ports' liquid portfolio with new-age transition fuels, reflecting its growth strategy. S&P Global Ratings predicts Evos could contribute 9 percent of Adani Ports' total EBITDA by fiscal 2029.
Japan bond yields rise as US inflation fuels rate hike bets
Japanese government bond yields climbed for a third straight session, tracking a global debt selloff after stronger US inflation data and hawkish Fed commentary raised expectations of further rate hikes. Investors also assessed the Bank of Japan’s policy outlook ahead of key bond auctions.
Stock Radar: BSE stock up over 10% in a month, technical charts hint at a bottom?
BSE Ltd has recently broken out from an inverse head and shoulder pattern, indicating potential upward movement. The stock has previously experienced a correction but found support around Rs 3,000 levels. Experts predict a target above Rs 4,000 in the coming months if the stock sustains above crucial support levels. The daily MACD indicates bullish momentum, while the RSI shows it may still have room for growth.
Delhi Chhath Puja holiday announced for November 16: Schools, colleges, government offices to remain closed
The Delhi government has declared November 16, 2026, a public holiday on account of Chhath Puja. All government offices, autonomous bodies and public sector undertakings will remain closed on Monday. The four-day festival will be celebrated from November 13 to 16. Meanwhile, the Rekha Gupta-led government is preparing more than 1,400 ghats across Delhi, including an 11-km-long ghat along the Munak Canal.
Eurozone bond yields fall as lower energy prices ease inflation concerns
On Tuesday, government bond yields in the Eurozone experienced a notable drop, particularly for French and Italian bonds. The easing of inflation worries, attributed to falling oil and natural gas prices, enhanced demand for bonds. Germany's 10-year bond yield fell to 3.25%, while France's decreased to 4.69%. Boosted by the US President's calming remarks, market sentiment improved, especially for nations that had faced challenges in their bond markets.
Bitcoin drops below $75,000 as strong US jobs data and ETF outflows weigh on crypto markets
The price of Bitcoin has recently fallen under $75,000, as strong US job data signals potential tightening of monetary policies. Trading at $74,796, Bitcoin is dealing with considerable strain from ETF outflows and liquidations. Analysts predict that regaining the $76,000 threshold could enhance its prospects. Additionally, Ethereum is under pressure, requiring a rise above $2,230 to gain any positive traction in the current volatile cryptocurrency market.
Waaree Energies to invest 15,000 cr in green ammonia project in Andhra
Waaree Energies will invest approximately ₹15,000 crore to establish a green ammonia project in Andhra Pradesh. The facility will have an annual production capacity of 1.2 million tonnes and will be positioned strategically near the Kakinada Gateway Port. An MoU will be signed at the Andhra Pradesh Investment Summit later this week to formalize the investment. The project has received approval under the Andhra Pradesh Integrated Clean Energy Policy, 2024.
Market wrap: SBI, Trent, Tata Steel, HCL Tech top gainers and losers on Nifty and Sensex on Monday
Sensex and Nifty ended higher on Monday, extending gains after a recent rally, although profit-booking capped the upside. PSU Bank and Pharma stocks led sectoral gains, while IT shares declined. Market breadth remained negative, with more stocks falling than rising. Nifty reclaimed 25,000, with 25,150–25,200 emerging as resistance.
Bitcoin trades near $75,000 as ETF outflows and US monetary tightening fears weigh on crypto sentiment
Bitcoin's value hovers around $75,000 as ETF outflows take a toll on investor confidence. Similarly, Ethereum struggles near $2,140 after falling past vital support thresholds. Emerging data shows a notable decline in institutional investment in both cryptocurrencies. Analysts stress that identifying the next pivotal support levels for Bitcoin and Ethereum is crucial for their potential rebound. Overall, the crypto market is now valued at $2.53 trillion, reflecting these shifts.
Eurozone bond yields edge lower as oil prices ease, investors await US inflation data
Eurozone government bond yields edged lower as easing crude oil prices and concerns over technology stocks supported demand for safer assets. Investors remained cautious ahead of US inflation data, which could influence Federal Reserve rate expectations and global bond market sentiment.
In 1793, England completed an inclined plane that carried canal boats 207 feet uphill on wheeled cradles before returning them to the water
Around 200 years ago, a brilliant team of engineers in England created the Hay Inclined Plane, revolutionizing canal boat transport. This ingenious design enabled boats to move between the River Severn and the Shropshire Canal bypassing locks. By harnessing gravity and the power of counterweights, the system enhanced transport efficiency. As railways became more prevalent in the 19th century, its importance waned.
AI rout, energy costs add to fears of slowing global growth
Global markets face mounting pressure from persistent inflation, rising borrowing costs and concerns over slowing economic growth. Elevated energy and food prices are fuelling inflation fears, while an AI stock selloff threatens investor confidence. Weakening European data and uncertainty over the Iran war are adding to concerns about the global economic outlook.
London once built a pedestrian bridge that twisted like a corkscrew to clear the canal for boats; the unusual crossing was later removed in 2013
The Helix Bridge, a marvel of engineering with its twisting and retracting design, became an iconic visual landmark connecting Paddington Basin. However, the intricate mechanisms posed operational issues, leading to its decommissioning by 2013. As urban demands evolved, authorities opted for a more straightforward pedestrian structure, shedding light on the persistent obstacles faced by innovative designs in today's urban landscapes.
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