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The head of Volkswagen's works council says the company has informed employee representatives that it wants to close at least three plants in Germany

India with rapt attention and seriousness, and everyone is looking at the country with new hope and discussing the vast possibilities it presents in different fields. Addressing a gathering at Lathi in Amreli district of Gujarat after launching development projects worth Rs 4,800 crore, he said countries that participated in the recent BRICS summit (held in the Russian city of Kazan) expressed their eagerness to join hands with India and become partners in its development journey. German Chancellor Olaf Scholz, during his visit to New Delhi last week, announced that his country will issue visas to 90,000 Indians every year, and it is now up to the country's youth to prepare themselves as per their requirements, said Modi.

The Republican ex-president, who is in a dead heat with Democrat Kamala Harris in the race for the White House, has never acknowledged the legitimacy of his election defeats — from the 2016 Iowa primary to his presidential contest in 2020. His denialism deeply polarized the country last time around, and his continued attempts to sow distrust in US democracy have sparked fears of a repeat of the violence seen during the 2021 storming of the US Capitol.

Eastern Ladakh. The process includes removal of all types of infrastructure and pulling back of troops by both sides, reported ANI quoting sources. The entire process is expected to be completed by Tuesday, October 29. Earlier on Friday, the Chinese Foreign Ministry said 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.

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.

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.

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.

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.

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.

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.

asthma cases reported in 2019 were related to prolonged exposure to pollution due to PM2.5 or fine particulate matter, a finding that researchers said provided «sufficient evidence» on the link between air pollution and asthma. The review of 68 studies conducted from 2019-2023 across 22 countries, including South Asian ones, showed that for every 10 micrograms per cubic metre increase in PM2.5, the risk of developing childhood or adult asthma increases by over 21 per cent. The respiratory condition is marked by recurring symptoms of wheezing, coughing and breathlessness and can severely impair quality of life. «We estimate that globally in 2019, almost a third of asthma cases are attributable to long-term PM2.5 exposure, corresponding to 63.5 million existing cases and 11.4 million new cases,» first author Ruijing Ni, from the Max Planck Institute for Chemistry, said.

Priyanka Gandhi Vadra on Monday commenced her by-election campaign in the Wayanad Lok Sabha seat by launching a scathing attack on the BJP-led Centre, alleging that the values of the Constitution are constantly being subverted under its rule. Speaking at a corner meeting organised in Meenangadi, the AICC general secretary referred to the violence in Manipur and alleged that «planned» attacks are taking place against minorities in the country. «You have seen again and again the spread of anger, the spread of hatred by this government...» she alleged. Priyanka also claimed that policy after policy is made to favour Prime Minister Narendra Modi's friends rather than the common people.

Ajmera Realty & Infra India Limited on Monday reported a 57 per cent increase in its consolidated net profit to Rs 35.35 crore in the September quarter. Its net profit stood at Rs 22.53 crore in the year-ago period. Total income rose to Rs 204.12 crore in the second quarter of the current fiscal from Rs 147.59 crore in the corresponding period a year ago, according to a regulatory filing.

«We exited a lot of the risk to outside the system, outside economic systems, I should add. So, in other words, it is much more in the politics, in polarisation, in geopolitics,» says Viktor Shvets, Macquarie Capital. Nikunj Dalmia: Let me start with a very basic question. What is your view of the world given that there are so many permutations and combinations which are there. US interest rates are likely to go down. China is stimulating their economy. There is a problem in Middle East and yet India seems to be slowing down. So, there are a lot of trends within trends when it comes to the global setup. Viktor Shvets: Well, my view of the world has not changed that much over the last four or five years. Effectively, the way I look at the world as in a twilight. We no longer have recessions. We no longer have recoveries. There is nothing to recover from. We live in a twilight somewhere between recessions and growth. Global growth rates are getting shallower and IMF is correctly highlighting that we are growing 50, 100 basis points less than we used to. But at the same time, we do not have the bad things. We do not have spikes in bankruptcies. We do not have spikes in bad debts.

Subscribe to enjoy similar stories. Recently, the government marked the occasion of one decade of ‘Make in India.’ It was a trigger for many commentators to bring out their knives (sorry, keyboards) and point out that India’s manufacturing gross value added (GVA) as a share of total GVA has not risen, etc, contending that the programme has failed. Some find a way to see silver linings around clouds and some are adept at the opposite.

In a speech set to be delivered today (28 October), the prime minister will say: «On competition, we are stripping out the needless regulation that holds back growth and private investment».  According to Starmer, «everyone in the country will benefit from this», given that the Budget will represent «an economic plan that will change the long-term trajectory on British growth for the better».  What to expect at the upcoming Autumn Budget While he will vow to focus the Budget on a three-word mantra of «stability, investment, reform», in order to fix the NHS and «protect working peop...

JSW Steel will cut down its capital expenditure in the current fiscal by ₹3,000-4,000 crore as it postpones the expansion planned for its blast furnace-3 at Vijayanagar to next year, and has transferred its slurry pipeline to JSW Infrastructure. India’s largest steel manufacturer will be spending ₹16,000 – 17,000 crore on capex this year as against ₹20,000 crore it had planned earlier, chief executive officer Jayant Acharya said. In July, JSW Steel transferred its slurry pipeline, which is currently under development, in Odisha to group company JSW Infra, effectively reducing its capex outgo, Acharya told ET in an interaction. JSW Infra will be purchasing the over 300 kilometre long slurry pipeline for ₹1,700 crore.

Subscribe to enjoy similar stories. KYIV, Ukraine—Ukraine is widening its dragnet in the search for troops to shore up its creaking front lines, conducting spot checks of men at upscale venues including a concert and a wine store in Kyiv and a street of hip eateries in Odesa. The stepped-up efforts show the difficulties Ukraine faces in raising new soldiers to backfill front-line losses as the war approaches the three-year mark.

h debt and escalating wars topped the official agenda at the International Monetary Fund and World Bank annual meetings, but finance leaders spent much of their energy worrying about the potential impacts of a return of Donald Trump to power in November's U.S. presidential election. Republican candidate Trump's gains in recent polls to erase much of the early advantage of his Democratic opponent, Vice President Kamala Harris, was part of nearly every conversation among finance officials, central bankers and civil society groups attending the meetings in Washington this past week. Among concerns were Trump's potential to upend the global finance system with massive tariff increases, trillions of dollars more in debt issuance and a reversal of work to fight climate change in favor of more fossil fuel energy production.

Artificial Intelligence is making computers an instrument for everyone and not just for the privileged few, believes Jensen Huang, the iconic founder and chief executive of chip maker Nvidia. He allayed the fears that AI could consume jobs or replace humans and said that the technology will make everything more efficient and productive, saving key resources and elevating human capabilities. In a free-wheeling conversation with Sruthijith KK at the ET Conversations event in Mumbai on Friday, Huang, 61, who steered the company out of turbulent early years and turned it into a $3.43 trillion behemoth that it is today, said that he still wakes up fearing that Nvidia could even now go out of business. No one in technology should get too comfortable or complacent, said the top boss helming the world’s second most valued company. His message to India’s IT services industry was unequivocal: Move from the back office to the front office and lead the AI revolution. Edited excerpts: I want to start with a core technical question. How is your leather jacket holding up in the Mumbai heat? (Laughs) It’s fine. Thank you! I enjoy the heat.