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Subscribe to enjoy similar stories. Israel’s airstrikes early Saturday didn’t just destroy critical Iranian military infrastructure. They also battered the reputation of Russian military equipment, which has already been pummeled by poor performance during Moscow’s invasion of Ukraine.

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Russia wholeheartedly welcomes that the first meeting between the Indian PM and Chinese President has happened in Kazan on the sidelines of the BRICS Summit as dialogue and stable relations between India and China is important for the security of Eurasia. “We are happy that the first meeting between PM Narendra Modi and President Xi Jinping in five years have happened in Kazan. A dialogue and stable relations between India and China is important for the security of Eurasia,” Russian Ambassador to India Denis Alipov said in response to a question by ET at a special briefing on the BRICS Summit. «We are hopeful that India and China, as major civilisations possessing unique political wisdom, will find ways to achieve progress in the border issue and a normalisation of bilateral ties based on mutual respect of sensitive interests,” Alipov noted.

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Eastern Ladakh sector, defence sources said on Monday. According to the defence sources, the process is expected to be completed soon. Earlier, the Chinese Foreign Ministry said on Friday that the frontier troops of both India and China are engaged in «relevant work» in accordance with the agreement reached between the two nations on issues concerning the border.

Suzlon Energy on Monday reported a 96% jump in its September quarter consolidated net profit at Rs 201 crore versus Rs 102 crore in the year ago period. Company's revenue from operations during the quarter stood at Rs 2,093 crore, up 48% over Rs 1,417 crore reported in the corresponding quarter of the previous financial year. Company's Earnings, Before Interest, Taxes, Depreciation and Amortisation (EBITDA) in the reported quarter stood at Rs 294 crore versus Rs 225 crore in the year ago period. It was 31% higher on a YoY basis. Meanwhile, EBITDA margin in Q2FY25 was down to 14.1% from 15.9% in the year ago period.

Subscribe to enjoy similar stories. InterGlobe Aviation Ltd’s shares lost about 7% on Monday after higher costs marred the airline's September quarter (Q2FY25) results, leading to a worse-than-estimated net loss of ₹990 crore. Naturally, the poor show has triggered a cut in earnings estimates for FY25 and FY26.

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Subscribe to enjoy similar stories. With every restaurant opening, there seems to be a renewed focus on aesthetics, signifying they’re catering to diners who eat with their camera first. This month, one of the pioneers of the Instagram café phenomenon unveiled its first outlet in India.

Subscribe to enjoy similar stories. Although the US dollar remains the world’s dominant currency, many countries are diversifying their currency reserves to reduce over-reliance on it, mitigate risks associated with changes in US monetary policy and lessen the impact of global economic shocks. Reduced reliance on the dollar in financial transactions is clear in the decline of dollar-denominated deposits and loans, and the dollar’s share in global foreign exchange reserves.

Meta’s Build with AI summit in Bengaluru, Nilekani stressed that India's AI trajectory should be less about competing in LLM development and more about building an infrastructure to gather and utilise data, driving meaningful innovation across various sectors, highlighted the publication."Our aim is not to build yet another LLM," Nilekani remarked, referencing the significant investments by Silicon Valley giants in creating vast language models. “Let the big players handle that.

Congress on Monday sought an all-party meeting to get clarity on whether the next census would include a detailed enumeration of all castes and whether the census will be used for determining the strength of each state in the Lok Sabha. Congress general secretary in-charge communications Jairam Ramesh said the extension of the tenure of the Registrar General and Census Commissioner has been notified and it means that the long-delayed Census that was due in 2021 will finally be conducted soon. «But there is still absolutely no clarity on two crucial issues. Will this new Census include a detailed enumeration of ALL castes in the country, in addition to that of scheduled castes and scheduled tribes that has been done in every Census since 1951? According to the Constitution of India, such a Caste Census is the sole responsibility of the Union Government,» Ramesh said in a post on X. «Will this Census be used for determining the strength of each state in the Lok Sabha as provided for in Article 82 of the Constitution of India (which says that the first Census taken after the year 2026 and the publication of its results will the basis of any such reconstitution)? Will this work to the disadvantage of states that have been pioneers in family planning?» the Congress leader said.

Economic Survey by the Ministry of Finance. However, global geopolitical tensions, particularly escalating conflicts and growing geo-economic fragmentation, could pose significant risks to this outlook, the FinMin said on Monday. The potential for disruptions in global trade and finance stemming from unpredictable trade policies of major economies may affect India’s external sector, despite its current stability. «Risks stem from global factors such as geopolitical conflicts, rising geo-economic fragmentation, uncertainties about the trade policies of major economies and consequent financial market reactions,» said the report, adding, «Their spillover effects on India could cause negative wealth effects, impacting household sentiments and altering spending intentions on durable goods.»

Hitesh Doshi, Chairman & MD, Waaree Energies, says ALMM is one of the non-tariff barriers which is helping to promote Make in India. Just by bringing ALMM in for a short span, Indian module manufacturing capacity has increased and our exports have also increased. Doshi believes that this will not be restricted only to the module and in the coming days, we will see that more such things are coming for the entire value chain where the Waaree is also planning to expand in all these areas. You did this fundraiser to support the capex, but you are not alone in that. A lot of conglomerates right from Tatas to Adanis have announced their capex in this sector. Do you anticipate a threat of a supply glut if not immediately, maybe three to five years out? Hitesh Doshi: Of course, there is a huge demand which we had discussed in the last interview and this demand we also discussed right from 500 gigawatt of the present mission, as well as hydrogen, batteries, so all this we will need a huge supply chain. So, Waaree is going as per the plan, but it is not going to meet the entire requirement of the country. Apart from this, globally people are looking for India as a second supply chain. So, personally, I do not see there is going to be a glut or all that. This is the need of the hour and we will need this.

power sector expansion plans, think tank GTRI said on Monday. The Global Trade Research Initiative (GTRI) said that India's power sector is facing a 30 per cent shortage of CRGO steel, essential for electric motors and transformers. With domestic production meeting only about 10-12 per cent of demand, India relies heavily on imports, it added. It said the immediate cause of the CRGO steel shortage is import uncertainty caused by the delayed license renewals by the Bureau of Indian Standards (BIS) for many foreign suppliers from Japan, South Korea and China.

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top seven cities underscoring the sustained appeal of prime locations to retailers led by rising consumption and is expected to continue the momentum until the end of this calendar year. Gross leasing of retail spaces across these cities, including Mumbai, Delhi NCR, Bengaluru, Kolkata, Chennai, Pune, and Hyderabad is projected to exceed 6.5 — 7 million sq ft by the end of 2024 after topping 5.3 million sq ft in the first three quarters ending September, showed a JLL India study. “Despite limited new retail space additions of slightly over 1 million sq. ft, the top seven cities’ robust gross leasing activity indicates retailers' strong appetite for prime retail locations. Fashion and apparel remained the top category with a 37% share, followed by food & beverage and entertainment at 18% and 12% respectively,” said Samantak Das, Chief Economist and Head of Research & REIS, India, JLL.

Subscribe to enjoy similar stories. For India’s growing tribe of digital nomads, the lines between work and leisure are blurring, and remote co-living spaces are becoming the offices of choice. From the green farms of Goa to the Dhauladhar peaks of Dharamshala, these professionals are redefining work-life balance.

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new iPad Air and the iPhone SE 4, which has been awaited by many Apple enthusiasts.Reports suggest that the forthcoming 11th-generation iPad may retain the design features of its predecessor, the 10th-generation model. However, while specific details of the processor are yet to be confirmed, it is widely expected that the latest iPad will offer enhanced performance, furthering its appeal in the entry-level tablet segment.