TERMINAL
Rupee slips with traders clinging to equity cues, awaiting inflation data
The Indian rupee faced a setback on Thursday, dipping to 94.0425 against the dollar amidst rising oil prices and escalating inflation fears. Previously, it had seen a peak of 93.62 thanks to foreign portfolio inflows. Investors are now holding their breath for October's consumer inflation figures, as they could significantly influence upcoming policy decisions and market sentiment surrounding the rupee.
Tata Projects bags Dhaka Metro underground works contract with Japanese partners
Tata Projects, in collaboration with Nishimatsu and Toda, has obtained a contract for the Dhaka Metro project. This contract involves constructing a 5.2-km underground metro line with three stations. The project aims to modernize public transport, improve connectivity, and reduce congestion in Dhaka. Funding for the project is provided by the Japan International Cooperation Agency (JICA). Tata Projects emphasizes its expertise in executing complex metro infrastructure alongside global partners.
Namo Bharat crosses 5-crore passenger mark, adds latest crore in record 93 days
The Namo Bharat corridor has recorded over five crore passenger journeys since its inception in October 2023. The latest journey milestone was reached in just 93 days, marking rapid ridership growth. Significant increases in daily journeys were noted, with August witnessing 35.25 lakh passenger journeys alone. The corridor provides efficient connectivity between Delhi, Ghaziabad, and Meerut, enhancing urban transport services.
Provisional registration framework proposed for allied healthcare professionals
The National Commission for Allied and Healthcare Professions has proposed a provisional registration framework for eligible professionals, with provisions for bridge courses, supervised clinical training and competency assessments before regular registration. The draft regulations also propose an online registration system and invite public and stakeholder feedback until December 4.
Western Union terminates Intermex deal after approval snag
Western Union has scrapped its agreement to acquire US-based money transfer firm Intermex for about $500 million after failing to secure regulatory approval from California. The company termed the state's final merger conditions unacceptable, saying they would have required material changes to its business model. Neither company will pay a termination fee.
91% of Mumbai airport's international traffic to remain unaffected by Terminal 1 redevelopment
Mumbai's Terminal 1 redevelopment will leave around 91% of international passenger traffic unaffected, with 39 of 50 international airlines continuing operations at CSMIA. Eleven carriers may shift select services to Navi Mumbai International Airport from March 2027, as the revamp aims to address structural concerns and raise Terminal 1's annual passenger-handling capacity by 33% to 20 million by March 2029.
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CM Devendra Fadnavis says no flights will shift from Mumbai to Navi Mumbai airport; opposes proposed relocation of international services and suggests an alternative plan for Terminal 1 redevelopment
Mumbai airport news: Chief Minister Devendra Fadnavis is opposing plans to shift international flights from Mumbai airport to Navi Mumbai airport. He communicated with the union civil aviation minister regarding an alternative redevelopment proposal for Terminal 1. This plan aims to keep the existing terminal operational during its replacement construction. The Airports Authority of India holds a minority stake in Mumbai airport, while Adani Airport Holdings Ltd is the majority stakeholder.
Terminator: Rise of the AI sceptics
The Republican Party’s midterm defeat could reshape America’s AI policy, giving Democrats greater influence over regulation and safety standards. While Trump has backed a unified federal framework to accelerate AI development, Democratic lawmakers favour stronger safeguards. The shift may create unexpected political allies for major AI companies seeking tighter rules.
Adani Group to invest more than $120 billion in capex over five years: Report
The Adani Group is poised to infuse over $120 billion into capital projects within the next five years, predominantly channeling funds into the energy sector, transport, and logistics. With about 70% allocated to energy, and 20% to transport and logistics, this substantial investment aims to double the group's asset base and generate core earnings ranging from 2.6 to 3 trillion rupees.
How intelligent commerce is shaping the next frontier of merchant payments
For a decade, the task in India’s merchant payments was to get every shop and website to accept digital money. The value, leaders argued, at GFF 2026, is now moving to identity, risk, credit and growth, and to preparing the checkout for AI agents that may soon shop on consumers’ behalf.
China’s high-tech ports push raises global trade ambitions, sparks security concerns
China is expanding its global maritime influence through AI-powered automated ports, smart shipping technologies and digital infrastructure. While these innovations promise greater efficiency, Western governments fear growing dependence on Chinese systems could create security vulnerabilities, geopolitical leverage and risks to critical global supply chains and international trade networks
Kerala to launch digital dashboard for real-time monitoring of projects
Kerala plans to introduce a digital dashboard at the Chief Minister's Office for project monitoring. This initiative aims to track infrastructure project progress and accelerate implementation. The Saral Keralam Act simplifies investment approval processes by unifying existing laws. Additionally, the government will promote major developments such as an international convention centre in Kochi.
‘When will we learn?’: Harsh Goenka questions civic sense of Indian tourists after they turn Vietnam airport into picnic spot
Recent footage shows Indian travellers enjoying meals on the floor of a Vietnam airport, triggering scrutiny from billionaire Harsh Goenka. He criticizes this behavior for damaging the global image of Indian tourists, sparking a heated discussion on social media about the lack of decorum displayed by some travellers. This incident raises ongoing concerns regarding the respect for local traditions and public spaces by Indian tourists abroad.
Kishore Kumar's 'Nazrana Bheja Kisi Ne Pyar Ka' celebrates the sheer joy of being in love
Rajesh Roshan's composition 'Nazrana Bheja Kisi Ne Pyar Ka' from the 1978 film Des Pardes captures love as a source of unrestrained happiness. Kishore Kumar's playful, warm vocals and Amit Khanna's light-hearted lyrics make the song a celebration of romance without cynicism, anguish or emotional baggage.
Diwali 2026: Delhi Metro to commence services at 6 am on select routes; check new timings here
Delhi Metro has announced earlier train services on select lines for Diwali festivities. Trains on the Pink Line, Magenta Line, and Grey Line will begin operations at 6 am. Regular services will continue according to the Sunday timetable after the early start. Last trains from all terminal stations will depart at 10 pm on Sunday. This revised schedule aims to accommodate commuters during the festive occasion.
Mumbai airport slot row: AOC questions ministry approval to deny slots to 12 international airlines
Airline Operators Committee has raised concerns regarding the slot allocation for twelve international carriers. The carriers have not received their requested slots for the summer 2027 season. Mumbai International Airport is planning to temporarily relocate operations to Navi Mumbai International Airport. This move is due to the redevelopment of Terminal 1. Clarity on the approval from the civil aviation ministry is being sought by the committee.
Delhi Metro revises Diwali schedule; select lines to start at 6 am, last train at 10 pm
Delhi Metro services will begin an hour earlier than usual on Diwali, November 8. The Pink, Magenta, and Grey lines will start operations at 6 am from terminal stations. Additionally, the last trains on all lines will depart at 10 pm instead of the regular 11 pm schedule. Passengers are advised to plan their journeys accordingly for the festive day.
Chef fired after refusing to add pineapple topping on pizza in an Australian restaurant, says it is an 'insult to culture'
Italian chef Davide Tamburella was dismissed from La Costa Restaurant and Bar in Brisbane for refusing to add pineapple to pizzas. This refusal was part of a broader disciplinary context involving previous similar incidents and workplace conduct. The Fair Work Commission rejected his dismissal challenge due to a missed filing deadline. While the disagreement regarding the pizza topping was significant, it was not the sole reason for his termination.
Diwali Delhi police traffic advisory: Check which roads will face restrictions and diversions? Alternate routes to avoid festive jams during Dhanteras, Bhai Dooj and Chhath
Delhi traffic advisory: Delhi police issued traffic advisory ahead of Diwali season. Delhi Traffic Police has introduced special traffic arrangements around Anand Vihar ISBT from November 5 to 15 ahead of Dhanteras, Diwali, Bhai Dooj and Chhath Puja. Road restrictions, diversions and parking prohibitions will affect commuters, with alternative routes and designated parking areas announced.
Adani Ports agrees to buy Dutch storage and terminal co Evos for $2.9 bn
All cash offer for Europe’s 2nd largest player is the company’s foray into Europe. The Iran war and supply disruptions across the hydrocarbons and chemicals value chain has forced countries and companies to seriously evaluate energy storage and logistics
Mumbai airport asks 12 international airlines to shift to Navi Mumbai
Mumbai airport has given slots to 38 out of 50 airlines for the upcoming summer schedule. Twelve remaining airlines may operate from Navi Mumbai airport during Terminal 1 redevelopment. Passengers traveling to 14 designated destinations will shift their operations accordingly.
Govt takes over 39.5-acre Air Force Sports Complex near PM's residence in Delhi
The Centre has taken possession of 39.5 acres housing the Indian Air Force's Sports Complex near the Prime Minister's residence at Lok Kalyan Marg in Delhi. The move is part of a wider land reclamation exercise that has also involved the Delhi Race Club, Jaipur Polo Ground and Delhi Gymkhana Club.
International airlines have choice to shift to Navi Mumbai airport or suspend operations temporarily: Adani Airports CEO
International airlines currently operating from Mumbai airport are given options to temporarily suspend operations or relocate. Discussions are ongoing with various international carriers regarding this transition. Indian airlines such as IndiGo and Air India have agreed to shift certain operations.
MIAL seeks to shift 14 international flights to Navi Mumbai Airport by Nov 3
Mumbai International Airport has proposed shifting flights to 14 international destinations to the new Navi Mumbai International Airport. This move aims to free up capacity for the redevelopment of Terminal 1 at the current airport. If airlines do not voluntarily surrender slots, the airport operator plans to execute the transition. Passengers flying to Gulf and Asian destinations may have to use the new airport instead.
Allcargo Terminals shares jump 12% after Q2 profit surges 86% YoY to Rs 21 crore
Allcargo Terminals showcased remarkable growth with an 85.8% rise in consolidated net profit for Q2FY27. Operational revenue grew by 22%, affirming its strong financial standing. The EBITDA margin improved to 23.6%, signaling enhanced operational efficacy. During trading, the company's shares surged by 11.71%, reflecting investor confidence. They also provided updates regarding their partly paid-up equity shares in a subsequent announcement.
Sebi imposes Rs 40 lakh penalty on two brokers in Axis Mutual Fund front-running case
Securities and Exchange Board of India has imposed penalties on two stockbroking firms over regulatory violations. Woodstock Broking and Marfatia Stock Broking allowed unauthorized access to their trading terminals. This access facilitated front-running trades by Prijesh Kurani, who operated from Dubai. The investigation revealed insider information was shared regarding Axis Mutual Fund's trades. The regulatory body emphasized the importance of stringent controls over terminal access and trading infrastructure.
Sarbananda Sonowal outlines plan to double coastal & waterway freight share to 12% by 2047
The Indian government is implementing initiatives to double the share of coastal and inland waterway shipping by 2047. The Coastal Cargo Promotion Scheme and the Cruise Bharat Mission are set to attract 1 million cruise passengers and create significant employment opportunities. Paradip Port Authority will develop the Puri International Cruise Terminal in collaboration with the Government of Odisha.
Jerry Fort, a terminally-ill 25-year-old who went viral for his wish to play GTA 6, dies of lung disease just days before the game's release
Jerry Fort, a passionate fan of Grand Theft Auto, died weeks before the long-awaited release of GTA 6. He courageously fought interstitial lung disease for eight years, hoping for a lung transplant. Tragically, complications arose after the transplant, resulting in his death on October 29. His family expressed heartfelt appreciation for the support received, bringing comfort during his final days.
Navi Mumbai airport presents big opportunity for IndiGo, says CEO Willie Walsh
IndiGo sets its sights on enhancing its international long haul network by shifting some flights to Navi Mumbai airport. Willie Walsh, the airline's CEO, sees this as a pivotal move for future growth. Despite opposition from other foreign carriers, IndiGo is undeterred, viewing Navi Mumbai as an essential opportunity as Terminal 1 of Mumbai airport undergoes renovations next year.
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