UNION BUDGET EXPECTATIONS
Budget 2027-28: PHDCCI urges govt to scrap LTCG tax on equities, cut STCG tax to 10%
PHD Chamber of Commerce and Industry has made recommendations for the Union Budget 2027-28. They have proposed abolishing long-term capital gains tax and reducing short-term capital gains tax rates. The chamber has also called for relaxed loan repayment norms and higher loan limits for MSMEs. They highlighted the economic significance of MSMEs in India's GDP and employment. Improved access to credit and equity support could enhance India's global manufacturing position.
When AI starts operating machines, the network becomes industrial infrastructure
As manufacturing and automation expand together, networks built to serve billions of people will increasingly serve tens of billions of machines and AI agents as well. Treating those connections as industrial infrastructure, and planning them for that scale, will determine how well physical AI works once deployments move from individual use cases to whole industrial environments.
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.
Care comes at a cost: India's ageing population exposes a broken caregiving system
India's rapidly ageing population is driving demand for caregivers, but the sector faces a shortage of trained workers, low wages, poor working conditions and uneven recruitment standards. High costs burden families, while inadequate training and job security undermine care quality. Experts call for professional recognition, better pay and structured training.
India-born Nithya Raman to take charge in LA amid homeless crisis, political division
Nithya Raman, an India-born democratic socialist, has been elected the new mayor of Los Angeles. She faces significant challenges, including homelessness, housing costs, and public safety issues. Raman ran as an outsider without endorsements from her colleagues and against a wounded incumbent. Her leadership will be scrutinized as she assesses city problems and works with a divided City Hall.
US Midterm Elections History: From 1866 to 1994 to 2018 – The polls that changed the course of American presidential power
The 2026 midterm elections have led to a significant shift in power dynamics within Congress. Democrats have secured control of both the House of Representatives and the Senate during this election. This change means increased scrutiny of the Trump administration and potential challenges to its legislative agenda. Historical precedents show how midterm elections reshape presidential power and influence national policy debates.
- Go To Page 1
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian markets extended their rally, with Sensex gaining 384 points to 77,301 and Nifty rising 150 points to 23,961, marking two-month highs. Positive sentiment, strong earnings, festive demand and buying across mid- and small-caps supported gains.
US allies see a chastened Trump but they’re wary of the backlash
US election results are viewed as a potential limit on Donald Trump's power regarding foreign policies. Foreign officials remain cautious, predicting that Trump may continue to act unpredictably despite the political changes. The president's approach toward Iran may signal his handling of Congress's constraints on his authority. European leaders express concern over the implications for international relations amid ongoing conflicts.
Washington's next chapter: A democratic socialist mayor and a looming Trump showdown
Janeese Lewis George won the recent mayoral election and will take office on January 2. She will face significant challenges, including local governance issues and financial difficulties. After a period of job losses, the city anticipates potential revenue drops, prompting tax consideration discussions. Lewis George emphasizes addressing the city's affordability crisis amid Trump's ongoing influence. She has a unique opportunity to reshape policies within the city's limited autonomy.
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.
UK Home Secretary Shabana Mahmood scraps 15-year settlement wait for migrant care workers earning £25,000
The UK government has revised its immigration settlement rules, particularly for foreign care workers. Eligible care workers can now qualify for permanent residency after five years instead of 15. In addition, changes will extend the standard settlement period for most migrants from five to ten years. Stricter eligibility conditions are also being introduced for all applicants and refugees.
The business of running a hospital: Balancing profitability, patient trust and scale
A hospital’s financial health depends on more than occupancy and revenue, requiring a careful balance of cost control, cash flow and patient trust.
ITC shares rise 2% after Q2 results. What are Jefferies, Nuvama and others saying?
ITC shares gained 2% despite an 18.5% year-on-year decline in Q2 net profit, as higher taxes and falling cigarette earnings weighed on profitability. However, its FMCG business delivered strong growth. Jefferies, Nuvama, Emkay and DAM Capital remain positive on the stock, with target prices ranging from Rs 300 to Rs 355.
How Indian investors’ portfolios are changing: From property and gold to SIPs and ETFs
Indian households are re-evaluating their asset allocations as gold holdings rise and equity investments remain stable. Recent data reveals a significant increase in household wealth, particularly in gold and real estate. Households are moving from traditional savings to market investments, notably through systematic investment plans. Meanwhile, financial behaviors are changing, with more monthly contributions being made to equities.
Delhi-Lucknow bullet train journey in 2 hours 12 minutes compared to 6 hours 25 minutes by Vande Bharat: What the Northern Corridor proposes
Delhi and Lucknow could be connected by a bullet train in 2 hours and 12 minutes under the proposed Northern Corridor approved by Prime Minister Narendra Modi. Railway Minister Ashwini Vaishnaw has also shared estimated travel times for Agra, Kanpur and Varanasi as the planned network is set to extend from Delhi to Guwahati.
Bullet train to Northeast: PM Modi approves Delhi-Guwahati bullet train corridor expansion, extending proposed route to Assam via Varanasi, Patna and Siliguri; CM Himanta thanks Centre
Assam Chief Minister Himanta Biswa Sarma has welcomed the extension of the Northern bullet train corridor from Siliguri to Guwahati, saying Delhi-Guwahati travel could take under eight hours. PM Narendra Modi has approved the Northern corridor, which will connect major cities across Uttar Pradesh, Bihar and West Bengal before reaching Assam.
Piyush Goyal says Assam's fragrant gold gets global gateway! Centre approves Guwahati airport as export point for agarwood; all about the 'scent of fortune'
Assam's agarwood industry has received an export boost after the Centre approved Guwahati airport as an export point for agarwood chips and oil. The move is expected to ease logistics for farmers, producers and exporters across the Northeast, helping them access international markets. Agarwood, also known as oud, is a fragrant resin-rich wood valued for its use in perfumes, incense and traditional fragrances.
France braces for fresh unrest as 70,000 police deploy for Halloween protests
France plans to deploy 70,000 police officers in response to anticipated nationwide protests on Saturday. These demonstrations are fueled by public dissatisfaction with living costs and President Emmanuel Macron's government. Following recent unrest involving riots and looting, authorities aim to ensure public safety during the protests. The situation has also impacted the economy, with significant losses reported among retailers.
From Patna to Kanpur, can an emerging market fix dirty, broken cities?
Patna is set to become the first municipality in Bihar to issue municipal bonds, raising Rs 200 crore for urban infrastructure. This move highlights the ongoing need for investment in India's urban infrastructure amid challenges like urban flooding and sanitation. Other cities like Kanpur are also expected to follow with their own bond issues soon. However, many municipalities still struggle with reliable revenue sources needed for debt repayment.
Cabinet approves Khelo India Sports Goods Manufacturing Scheme with outlay of over Rs 1800 crore
The Khelo India Sports Goods Manufacturing Scheme has been approved by the Union Cabinet to develop the sports goods industry. The initiative includes creating dedicated Sports Goods Manufacturing Zones to enhance production capabilities. Significant financial support is allocated to encourage innovation and research in sports equipment manufacturing. The scheme aims to generate new employment opportunities and reduce import dependency in this sector.
UK new minimum wage 2027: What will the new rates be, how much more will workers earn, and when does the new minimum wage start?
UK minimum wage 2027: The UK minimum wage will rise by 3.9% in April 2027, taking the hourly rate to £13.21 for workers aged 21 and over and £11.27 for those aged 18 to 20. Here's what to know about the new minimum wage 2027, how much more workers will earn and when the new rates take effect.
Cabinet approves Rs 10,000 crore container manufacturing scheme
The Indian government has approved a Container Manufacturing Assistance Scheme with a total budget of Rs 10,000 crore. This scheme aims to build domestic manufacturing capabilities and reduce reliance on container imports. It will promote facilities, testing, and skills development in the container manufacturing sector. The scheme is expected to create thousands of jobs and enhance competitiveness against global producers.
What time is UK budget today and where to watch it? Will income tax rise, fuel prices increase and pensioners get relief in John Healey’s big announcement?
When will UK budget be announced? UK Chancellor John Healey will deliver his first Budget today, with the key announcements expected on income tax, fuel duty, pension payments and household energy bills. John Healey is set to deliver his first Budget this afternoon, with the chancellor expected to outline the proposals at approximately 12.30pm.
After 79 years, Railways reaches this remote town for the first time since Independence; Rs 1,628 crore line opens, two new trains flagged off
Indian Railways has connected Chhattisgarh’s Rowghat to the national rail network for the first time since Independence, with the inauguration of the Tadoki-Rowghat railway line. The 17.5-km stretch completes the 95-km Dalli-Rajhara-Rowghat project. Two new passenger services, Rowghat-Raipur and Raipur-Kurud, were also flagged off, improving regional connectivity and access to industrial and economic opportunities.
West Asia crisis so far may cost govt Rs 1.35 lakh crore, spending cuts unlikely: ICRA Chief Economist Aditi Nayar
The West Asia crisis may impose a fiscal burden of approximately Rs 1.35 lakh crore on India. Government spending has generally remained below budget estimates, providing financial flexibility for these pressures. Higher customs duty collections from gold and silver imports might help offset some costs. ICRA anticipates GDP growth to remain robust, exceeding 7 percent in the second quarter of FY27.
Government plans to pare stakes in 4 PSU banks to 75%
The Union government announced in the 2021-22 budget that, besides IDBI Bank, it would take up two public sector banks and one general insurance company for privatisation.
Global Market: Eurozone banking crisis fears return as government borrowing costs surge
Rising euro zone borrowing costs have renewed fears of a sovereign debt crisis, particularly in France. European banks’ stronger capital buffers, diversified bond holdings and tighter regulation offer protection, but prolonged market volatility could increase funding costs, weaken profitability and revive investor concerns over banks’ exposure to government debt.
With France embroiled in protest, a look at the nation's economic standing by the numbers
France is grappling with significant economic challenges as public debt continues to rise, exceeding 119% of GDP. Government spending represents a substantial portion of the economy, reaching 57.2%, which constrains fiscal options. The country has recently reported low growth predictions, with only 0.4% expected for the upcoming period. Comparatively, borrowing costs for France are higher than those for Germany, impacting public service funding.
Middle East flights remain disrupted as airlines cancel routes despite airport reopenings and airspace warnings
As Riyadh’s King Khalid International Airport resumes operations, numerous airlines have still suspended flights and modified their schedules due to ongoing security tensions in the Middle East. A few carriers, including Air India and Emirates, have scrapped flights to significant Saudi destinations. Passengers are strongly encouraged to confirm their flight statuses with the respective airlines before making their way to the airport, as disruptions are anticipated to persist into November.
Load More
