Boeing India President Salil Gupte highlighted India's potential to innovate through engineering and manufacturing during a symposium organized by the India Foundation for Quality Management. He emphasized the importance of enhancing the global supply chain position and urged aerospace suppliers to move up the value chain. Gupte also shared Boeing's growth in India, with employee numbers increasing from 1,500 to 7,000 and sourcing rising to Rs 10,000 crores annually, indicating a bright future for India's engineering sector.
The Indian rupee mildly appreciated on Tuesday, and closed at 84.03 against the US dollar, as falling crude oil prices balanced out some pressure from the local currency due to portfolio outflows from Indian stocks and bonds. The Reserve Bank of India was also likely present, and did not allow the rupee to go past the 84.08/$1 mark, dealers said.
Family offices are now betting big on Gen AI with substantial investments in local and overseas startups. This and more in today’s ETtech Top 5.
UK Business and Trade Secretary Jonathan Reynolds emphasizes the priority of a trade deal with India at the International Investment Summit in London. The UK is negotiating a Free Trade Agreement with India, aiming to enhance the GBP 38-billion annual bilateral trade partnership while fostering significant economic growth and job creation across the country.
Goldman Sachs' third-quarter profit beat estimates, fueled by a rebound in bond sales, stock offerings and mergers, sending its shares up more than 3% in premarket trading.
Robert Roberson, a 57-year-old from Texas, faces execution for the 2003 death of his 2-year-old daughter despite claims of innocence and arguments that flawed scientific evidence and undiagnosed health issues were the real culprits. Shaken Baby Syndrome diagnosis continues to stir controversy in forensic science.
India will allocate spectrum for satellite internet through an administrative process rather than an auction, according to Telecommunications Minister Jyotiraditya Scindia. This decision follows requests from major telecom operators, Reliance Jio and Bharti Airtel, who advocated for an auction approach similar to that used in the telecom sector.
Citigroup posted a smaller-than-expected drop in profit for the third quarter thanks to gains in investment banking, sending its shares more than 2% higher in premarket trading on Tuesday.
Taylor Swift will release a special edition of her album 'The Tortured Poets Department: The Anthology' on CD and vinyl with four additional acoustic tracks. The album and a commemorative Eras Tour book will be available exclusively at Target on Nov 29. The Eras Tour, ending in December, has been a special experience for Swift.
Union Defence Minister Rajnath Singh laid the foundation stone for a new Very Low Frequency (VLF) station of the Indian Navy in Telangana, emphasizing the need to empower the Navy to protect India's interests in the Indian Ocean Region. The project highlights India's role as a net security provider in the region.
Jaguar Land Rover reported a 36% year-on-year increase in retail sales to 3,214 units for the first half of the current fiscal. This growth, led by the Range Rover and Defender models, was supported by improved supplies and local manufacturing. Orders surged by 60% due to strategic manufacturing decisions.
The Supreme Court has asked the government and the Central Board of Direct Taxes to respond to Serum Institute of India's appeal. This appeal challenges a 2015 amendment to the Income Tax Act, which made various subsidies and incentives taxable. The Serum Institute argues that taxing these capital receipts is constitutionally impermissible.
Blinkit CEO Albinder Dhindsa said that the Zomato-owned platform has been testing the return feature in Delhi NCR for a few weeks and has now enabled it for Mumbai, Bangalore, Hyderabad and Pune, with plans to expand to more cities soon.
Housing price rise in Delhi-NCR area: Indian real estate prices have skyrocketed in recent years. These two regions in Delhi-NCR saw the most significant increases, with prices rising over 140% since 2019. Between 2019 and 2024, approximately 15,000 projects, including apartments, floors, and villas, were launched in these top 10 cities, which include Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, Thane, Navi Mumbai, Pune, Noida, and Gurugram.
Indian authorities are scrutinizing imports of dates from the UAE due to concerns that third countries, especially Pakistan, might be exploiting the India-UAE CEPA to avoid high import duties. The investigation focuses on ensuring compliance with rules of origin to prevent transshipment abuses.
Kylian Mbappe has slammed a Swedish newspaper for claiming that a complaint has been filed against him that includes rape charges. The report claimed that Mbappe is being investigated by the cops and that they visited the hotel Mbappe was staying in, where the incident happened.
Residents in Delhi’s Outer North district face an 18-hour water disruption starting 10 am on Wednesday due to maintenance on the Bawana water main. Affected areas include Bawana Village and nearby regions. Residents are urged to store water in advance, and water tankers will be available upon request.
IndiGo Ventures, the corporate venture capital arm of IndiGo, is set to start investing in aviation and related startups by FY 2024-25. The fund, having SEBI approval as an AIF, will offer funding from pre-Series A to Series B stages, targeting innovations in aviation, travel, lifestyle, hospitality, and transportation.
Sean Diddy Combs is facing serious accusations from six new claimants who allege sexual abuse, assault, and rape spanning two decades. These allegations add to existing legal issues, such as human trafficking charges.
The Kuki Inpi Jiribam, Tamenglong & Noney (KIJTN) has demanded the withdrawal of Manipur State Police from Mongbung and Sejang Villages, citing dissatisfaction with the police's actions, including ransacking food provisions and involvement in violent incidents. KIJTN noted that tribal organizations have requested that any police deployment be limited to Meetei areas and that Central forces, if necessary, should be from the Assam Rifles.
Decreased days of receivables indicate improved efficiency in the collections process. We have identified the top 5 Nifty500 stocks with decreased days of receivables. This trend reflects better customer payment behavior.
Indian shooter Manu Bhaker, who made history with two bronze medals at the 2024 Paris Olympics, recently walked the ramp at Lakme Fashion Week, sparking both admiration and criticism on social media. Unfazed by negative comments, Bhaker remains focused on her goals, confirming a return to shooting training in November.
