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UPI sees Diwali boom; AI cracks Captcha
Diwali spending fuelled a surge in UPI transactions, with both payment volumes and values rising. This and more in today’s ETtech Top 5.
Pakistan farmers in long fight to make German firms pay for flood damage
Farmers from Pakistan's Sindh province are pursuing legal action against German firms RWE and Heidelberg Materials. They claim these companies' emissions contributed to severe flooding that devastated their livelihoods in 2022. This case marks a significant attempt to hold major polluters accountable for climate change impacts.
Rs 84,084 crore incentive on offer, but India's deepsea oil exploration bids delayed again
Introduced in 2016 under the Hydrocarbon Exploration and Licensing Policy, OALP sought to replace the government-driven identification of exploration blocks with an investor-led system that allows companies to nominate acreage they wish to explore.
Indian sector of Southern Ocean sees rising oxygen levels, contrary to global trend: Study
Research reveals that oxygen levels in the Indian sector of the Southern Ocean increased significantly from 1993 to 2025. This rise is attributed to enhanced ocean ventilation processes affecting the deeper water layers. Results indicate that the Antarctic Zone experienced notable increases in dissolved oxygen concentration. Observations show a retreat of winter water layers, indicating changes in ocean structure.
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.
Eurozone bond yields set for biggest weekly fall since September as investors seek safety
Eurozone government bond yields are heading for their steepest weekly decline since late September as investors seek safe-haven assets amid a global technology selloff. Easing expectations of further ECB rate hikes have added to the decline, while Germany's 10-year yield touched a multi-month low.
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Kentucky company paid $800,000 for Ohio river land, but why was its compensation lawsuit over floodplain rules ruled premature
A Kentucky company that bought four acres along the Ohio River for $800,000 sued local authorities, claiming floodplain rules had stripped the property of its economic value. But an appeals court rejected the claim, saying the company had never applied for a variance or obtained a final decision on what it could build.
In 1830, chinaberry was introduced to the US as an ornamental tree; it later spread into forests across the South
Chinaberry trees, initially brought to the Southern U.S. in the 1830s for their beauty, have proliferated extensively. These invasive species create dense thickets that block sunlight, hindering the growth of native plants in ecosystems across Georgia and South Carolina. This situation underscores the urgency of managing ornamental plants wisely, emphasizing the need for vigilant monitoring and prompt removal to protect the health of our forests.
Budget 2027–28: ASSOCHAM calls for tax reforms to boost investment, manufacturing, ease of doing business and tax certainty
ASSOCHAM has called for a series of Direct and Indirect Tax reforms in the Union Budget 2027–28 to boost investment, strengthen domestic manufacturing, attract foreign capital and improve ease of doing business.
India opens special deepwater oil, gas bidding round, offers to fund up to 50% of well costs
India is launching a special licensing round for deepwater and ultra-deepwater oil and gas blocks under its ₹84,084 crore Samudra Manthan offshore exploration scheme. The government will offer monthly bidding windows and fund up to 50% of eligible exploratory drilling costs, aiming to attract investors, accelerate offshore exploration, unlock hydrocarbon reserves and reduce India's dependence on imported oil and gas.
Centre proposes 10 new entry points for drug imports into India, Noida airport included
The Centre has proposed expanding India's authorised import network for pharmaceuticals and medical devices by adding ten new locations. These include Noida International Airport and several inland container depots across industrial hubs in India. This expansion aims to simplify the import process and reduce transportation costs for companies. The health ministry has invited public feedback on the draft amendment to Drugs Rules, 1945.
D-Street poised for a gap-up start as GIFT Nifty trades firmly higher
Indian equity benchmarks experienced gains as they extended their winning streak to five consecutive sessions. The Nifty 50 increased by 150 points while the BSE Sensex advanced by 383 points. Easing crude oil prices and optimism over US-Iran negotiations led to a broad-based buying in domestic equities. Additionally, foreign portfolio investors were net buyers, contributing to positive market sentiment.
Manu Bhaker to contest elections for ISSF Athletes Committee for 2026-2030 term
Manu Bhaker, a celebrated Indian shooter, has been nominated for the ISSF Athletes Committee. Her vision includes enhancing athlete representation and welfare, while ensuring financial security for shooters. Manu aims to address key issues like competition formats and mental health support within the sport. The elections for the committee will occur during two ISSF World Championships in 2026.
Stocks in news: ITC, Marico, SBI, Yatra Online, NSE, Container Corp and Sun Pharma
Indian equity benchmarks experienced gains, with Nifty nearing the 23,500 resistance level and strong corporate earnings reported. ITC faced a decline in consolidated net profit, impacted by the cigarette business, despite revenue growth. Marico saw a significant rise in net profit and expanding EBITDA margins during the quarter. Container Corporation of India reported a subdued performance with a slight decline in net profit compared to last year.
US midterm elections: Key Senate, House races investors are tracking
This year's U.S. midterm elections are anticipated to influence important policies in the financial sector. Key Senate races include Sherrod Brown and Jon Husted in Ohio, indicative of cryptocurrency regulation. Additionally, gubernatorial elections in states like Texas and Georgia will shape artificial intelligence infrastructure investment.
Why did market rally today? Sensex soars 1,233 pts, Nifty ends above 23,400. 7 factors behind Rs 8 lakh crore gains
On Monday, a remarkable surge in the Indian stock market was observed, with the Sensex soaring by 1,233 points. This uplift was driven by plummeting oil prices and robust earnings reports from key players like Reliance Industries. The return of foreign institutional investors as net buyers after a recent retreat, along with the anticipation of potential relief in long-term capital gains tax, spurred a wave of optimism.
INDIA bloc rally ends peacefully amid heavy security deployment in Delhi: Police
The INDIA bloc rally at Ramlila Maidan in Delhi concluded without any noticeable law and order issues. Over 4,000 police personnel were deployed to ensure the safety of participants throughout the event. Surveillance was enhanced through 200 CCTV cameras and the usage of drones to monitor the gathering. Police implemented traffic regulations and ensured ambulances could access local hospitals without interruption.
INDIA bloc anti-SIR rally march kicks off as thousands gather at Ramlila Maidan; 4,000 cops, 200 cameras deployed
Opposition leaders gathered at Ramlila Maidan for a protest against alleged electoral irregularities in Delhi. Rahul Gandhi criticized the BJP for shutting down shops in Connaught Place on the day of the rally. The INDIA bloc accused the Election Commission of large-scale voter deletions during the electoral roll revision. Security measures included over 4,000 police personnel and extensive surveillance for the event.
Over 4,000 cops, CAPF companies to be deployed for INDIA bloc rally at Ramlila Maidan
Delhi Police will deploy more than 4,000 personnel, backed by Central Armed Police Forces, for the INDIA bloc rally at Ramlila Maidan on Sunday. The venue will be divided into 14 security zones, with over 200 CCTV cameras, drone surveillance and traffic diversions in place to manage an expected gathering of 30,000-40,000 people.
Bengal warns of strict action for firecracker norms violations, urges people to exercise restraint
The West Bengal government is initiating strict measures against firecracker violations during Kali Puja and Diwali. Authorities emphasize the importance of self-awareness and adherence to pollution-control guidelines this festive season. Residents are urged to respect silence zones near sensitive locations like hospitals and old-age homes. Vigilance will be heightened for illegal firecracker sales and safety inspections at firecracker markets.
It's taxing to be a Delhi woman
Women in Delhi are disadvantaged by high transport costs tied to safety concerns during late-night commutes. Urban planning must be reformed to better accommodate the unique travel patterns of women in the city. Successful initiatives in cities like Vienna and Seoul illustrate how safety can be integrated into public spaces. Implementing gender-disaggregated data and safety audits is essential for equitable urban planning.
London’s Oxford Street goes traffic-free ahead of Christmas: What changes for shoppers and tourists
Oxford Street has become traffic-free across a one-kilometre stretch, impacting various vehicles in the area. The restricted zone will allow mobility scooters and servicing vehicles during designated hours. Changes aim to enhance pedestrian experience in a busy shopping region, especially during the festive season. Future plans include raising sections of the road to pavement level by 2027 for better continuity.
Stocks in news: Jio Platforms, RIL, Infosys, L&T, Tata Capital, Waaree Energies and Vedanta Iron
Indian benchmark indices saw a volatile session amid the Nifty and Bank Nifty monthly expiry. Stocks like Jio Platforms made headlines following its IPO debut after raising significant funds. Reliance Industries remained a focus as its financial results and fundraising plans were announced. Infosys successfully implemented a transformation project for Syngenta, enhancing operations and governance. Tata Capital reported a substantial profit increase, driven by loan growth and higher interest income.
Karjat project sparks Maharashtra political faceoff as thousands of trees are cut for 3,000 MW plant
A significant controversy emerged in Maharashtra due to tree cutting for Torrent Power's energy project. Locals and activists oppose the project due to environmental concerns and tree felling. Shiv Sena leader Aaditya Thackeray questioned the project's need while citing its ties to Gujarat. The Maharashtra government claims the project is essential for energy needs and has followed regulations.
Why does the prostate enlarge with age? Scientists discover unusual cells hiding in one key region
Researchers at Johns Hopkins University have uncovered a significant presence of WIF1-positive basal cells in the prostate, particularly within the transition zone linked to benign prostatic hyperplasia. Their findings suggest these cells may play a role in prostate growth processes, though the limited sample size of the study calls for more extensive research to confirm their impact.
Mumbai Port invites global bids for Rs 922.67 crore marina at Victoria Dock
Mumbai Port Authority has initiated a global bidding process for the Viksit Bharat Mumbai Marina project. This project, estimated to cost Rs 922.67 crore, will be developed using the DBFOT model. It encompasses a water area of 37.3 hectares and aims to accommodate 604 yachts at full build-out. Marine works such as breakwater construction and dredging are already underway as per the submitted plans.
Rupee rises 46 paise to 94.45 on India-US trade deal hopes; oil prices cap gains
The rupee gained 46 paise to 94.45 against the dollar on optimism over a potential India-US trade deal and RBI measures. However, elevated crude prices, foreign outflows and global financial pressures continue to threaten the currency's recovery.
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.
Pakistan's factory workers swelter in extreme heat as global brands fail on safety pledges
Workers in Karachi's garment factories face extreme heat and unsafe conditions while producing clothing for international brands. Many report health issues due to the high temperatures and lack of adequate protections from their employers. Complaints about working conditions often go ignored, leading to serious health repercussions for workers. Some companies have pledged to improve safety measures, but implementation remains insufficient.
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