Thachat Viswanath Narendran, MD and CEO of Tata Steel, has been elected as the chairman of the World Steel Association. He is the second Indian to hold this position, following JSW Group Chairman Sajjan Jindal. The association also elected Ugur Dalbeler and Leon Topalian as Vice Chairs.
Mike Tyson, aged 58, is set to come out of retirement to fight Jake Paul next month. The match will stream on Netflix. However, health issues, including an ulcer flareup and age-related back problems, may affect Tyson's ability to participate. The fight will be eight rounds with both fighters wearing 14-ounce gloves.
The Nifty IT index closed 0.33 per cent down at 42731.3.
A team at IIT Guwahati led by Prof. Supradip Das has designed a space-saving, multifunctional piece of furniture capable of transforming into eight different configurations. Developed using a 'Prototype-Driven Innovation' approach, this flat-packed, easily assemblable furniture aims to cater to the increasing demand for adaptable furniture in small urban and rural homes.
BEML has received a contract to design, manufacture, and commission India's first indigenous bullet trains. Each trainset will consist of eight cars. The project is part of India's high-speed rail initiative, aimed at enhancing train travel experience with modern amenities. The trains will be delivered by the end of 2026.
The Nifty Bank index closed 0.17 per cent up at 51906.0.
Prime Minister Narendra Modi revealed plans to build a national maritime heritage complex in Lothal, Gujarat. This development aims to boost tourism and enhance people's understanding of India's civilisational history. Lothal's historical significance as an ancient maritime center will be highlighted, with immersive experiences for visitors. This initiative also seeks to strengthen India's economy.
As the holiday season approaches, several major U.S. retailers, including Amazon, Target, and Macy’s, have begun announcing their seasonal hiring plans for 2024. While the number of seasonal jobs may be slightly lower compared to last year, companies like Amazon are still offering competitive wages and benefits. Seasonal roles provide opportunities for short-term income and, in many cases, serve as stepping stones to long-term employment.
Top 5 winter getaways in India for unforgettable family time
The 30-share BSE Sensex closed down 152.93 points at 81820.12
A reasonable negative candle was formed on the daily chart, indicating crucial resistance around 25,200 and short-term range-bound movement. The short-term trend of Nifty remains choppy, with support at 24,900 and resistance at 25,200. A decisive move above 25,200 could open the next upside of around 25,500-25,600 levels in the near term.
The Tamil Nadu government has declared a public holiday on October 16 due to forecasts of extremely heavy rainfall linked to a low-pressure area over the Bay of Bengal. The Indian Meteorological Department indicates that isolated heavy rainfall is expected in the state on that date.
Job postings for cybersecurity professionals have risen 14% over the past year as companies prioritize data safety. Bengaluru leads with nearly 10% of listings, followed by Delhi-NCR, remote jobs, Hyderabad, and Mumbai, reflecting the growing demand for cybersecurity expertise due to enhanced digital operations.
Citigroup is facing difficulty in training employees in risk, compliance, and data roles, which is delaying the resolution of regulatory issues. Despite spending billions on the overhaul, the bank has not made significant progress. Layoffs and organizational changes have further complicated the situation. Citi claims it is investing heavily in talent and training.
RS India is enhancing supplier relationships and leveraging new technologies to address supply chain challenges. With investments in digital solutions and new facilities, RS India aims to support the growing demand in the electronics industry. The company is also committed to sustainability and improving logistics transparency and efficiency.
Premier Poly, Motilal Oswal, SIL Investments, Nalwa Sons Invst and Neuland Labs, hit their fresh 52-week highs during the day.
The southwest monsoon has fully withdrawn from India, making way for the northeast monsoon over southeast peninsular regions. India recorded 8 percent more rainfall than usual during the 2024 monsoon season due to intense low-pressure systems in August and September, according to the India Meteorological Department.
Women artisans in Manipur are learning e-commerce and digital skills through workshops. This helps preserve traditional crafts and aims at global markets. A project led by Soubam Luxmibai Devi supports this initiative, ensuring economic independence and the survival of these unique crafts, which form a part of Manipur's cultural heritage.
Coal India Ltd has introduced online signing of fuel supply agreements for power and non-regulated sectors. This move replaces the physical document submission with an easier digital process. The shift aims to simplify operations and improve efficiency for clients. Nearly 700 FSAs for non-regulated sectors and 262 FSAs for the power sector have already been signed digitally.
Maharashtra's assembly polls on November 20 will see a contest amid political splits, Maratha quota agitation, and a vibrant opposition. The ruling Mahayuti government is banking on the Ladki Bahin Yojana to gain voter support, while the opposition highlights issues like agrarian distress and law and order concerns.
HDFC Life, Bajaj Auto, Wipro, Bajaj Finance and Hindalco were among the top losers on NSE in today's trade.
There are several budget-friendly international destinations that offer a great experience without straining your finances.
Capital market regulator Securities and Exchange Board of India (Sebi) has raised the position limits for trading members in index Futures & Options contracts to 15% of the total open interest (OI) in the market or above Rs 7,500 crore.
