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Kunj Bansal ofInvestment-illiteracy.com, says “when both domestics and FIIs buy, the market keeps going up. When domestics continue to remain buyers and FIIs turn sellers, the domestics absorb them and the market becomes flat. And when the net selling is higher, obviously the market falls and that is happening for the last few days. So, let us see but still if one has to take a view, now we should gradually get into a range-bound movement of the market for multiple reasons.” Should we be reading at all into today's recovery because it is coming in from an extremely oversold zone? Are we out of the woods or not? These are always difficult calls to take. Having said that, if we analyse the overall scenario, for six days, except Friday, we were continuously falling and after that at some point of time partly a sentimental correction, partly a technical correction, partly a breather was to come, which has come today, which could be due to multiple reasons. One, of course, was yesterday was the futures expiring monthly which is over now.

VinFast Auto is evaluating potential sites for its planned manufacturing facility and has already reviewed two locations in Tamil Nadu, people aware of the developments told ET. Touted as a rival to iconic EV maker Tesla, the auto company has been shown land in the Manalur region north of Chennai as well as in one of the state’s southernmost districts Tuticorin, according to sources who said that VinFast was also set to evaluate plots in Gujarat shortly.

In many ways, Elon Musk is the world’s biggest doomsday prepper. The billionaire entrepreneur has made his fortune and reputation chasing a future bettered by technology. The flip side of his optimism is a fixation on worst-case scenarios he is determined to avoid.

The UAE’s Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications Office has published a whitepaper on a «Responsible Metaverse Self-Governance Framework» with contributions from OKX, a notable player in the Web3 technology domain. This initiative is an answer to the burgeoning influence of the metaverse across diverse sectors and the consequential demand for a standardized operational paradigm.

Latin America is carving a unique narrative in the global cryptocurrency landscape, with Venezuela and Argentina standing out due to their distinct socio-economic and political contexts. According to a report by Chainalysis, Latin America ranks seventh in the global crypto economy hierarchy, just ahead of Sub-Saharan Africa. The region's preference for centralized exchanges (CEXs) over decentralized exchanges (DEXs) is notable, contrasting with global trends. However, the core attraction lies in how cryptocurrency is morphing into a tool against economic adversities in Argentina and a shield against authoritarianism in Venezuela.

₹7,153 per bbl, having swung between ₹6,932 and ₹7,154 per bbl during the session so far, against a previous close of ₹6,945 per barrel. Also Read: Crude oil deficit to high inflation: How can the Israel-Hamas war impact Indian economy? — Explained -Israeli air and ground forces were stepping up operations in the Gaza Strip amid reports of heavy bombing of the besieged enclave. Several countries, including many Arab states, have urged Israel to delay a planned ground invasion that would multiply civilian casualties and might ignite a wider conflict.

₹20,356 crore worth of Indian equities and offloaded a total of ₹14,561 crore as of October 27, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. The ₹20,356 crore-figure also includes bulk deals and investment in primary market. The selling by FPIs through exchanges has been higher at ₹25,575 crore, according to NSDL data.

₹145 crore in Q2. Operating profit after tax came in at ₹240 crore for the first half of FY24, a 63% increase year-on-year. The company reported revenues of ₹492 crore in Q2, up 29% yoy, and ₹909 crore in H1, up 24% yoy.

«defaulter kaal» jibe at the government, saying it is fascinating that the very architects of India's NPA crisis have the audacity to question the resolution of a disaster they engineered. Congress president Mallikarjun Kharge had earlier taken a swipe at Prime Minister Narendra Modi over the reported rise in dues from wilful defaulters, alleging that his government is taking India's economy to «defaulter kaal».

The ten-year US yields, which made a fresh 16-year high of 5.02%, shrugged off strong US data released in the week on expectations that the US Federal Reserve will keep the interest rates unchanged at its FOMC monetary policy meeting due next week. A decent auction of seven-year US bonds also helped the yields to grind lower.

FII DII data: Despite trend reversal on Dalal Street during Friday deals, foreign institutional investors (FIIs) continued to remain net sellers on Friday last week. The FIIs sold out Indian stocks worth near ₹1500 crore on last session of the week gone by. On 27th October 2023, FIIs sold out Indian stocks to the tune of ₹10,860 crore whereas they bought shares worth ₹9,360 crore on Friday.

The Bank of Canada says home price drops driven by the recent hikes to interest rates weren’t as steep as monetary policymakers would usually expect, thanks largely to a “structural” lack of supply.

These high-growth startups, often credited as category creators, have introduced entirely new industry segments, positioning them as critical players in India's ambitious goal of reaching a $5 trillion economy by 2025 and achieving full-fledged developed nation status by 2047. Startup20 Vision that aims to empower Indian startups as the catalyst for global economic advancement" and the rapidly growing deeptech startup prospects that are fosterting the emergence of future unicorns from sunrise sectors are among the central themes in this thriving ecosystem, propelling innovation, expansion, and global economic impact. At the Delhi-NCR edition of the ET Soonicorns Summit 2023 – an Economic Times initiative to track the next frontiers of growth for the Indian startup ecosystem – Startup20 Vision and the Deeptech sector will be in focus, with a Keynote Addresses by Jeet Vijay, CEO, MEITY Startup Hub and Geetika Dayal, Executive Director.

profiled banker and digital evangelist, Ashok Vaswani, who steps into the vacuum created by Uday Kotak's exit at Kotak Mahindra Bank (KMB) after nearly four decades at its helm. The key questions are: will Vaswani be able to settle the dust at KMB and compete in a fierce financial services market that is also tightly regulated? Read our Snapview for a sharp perspective on Vaswani's challenges at KMB. Meanwhile Subhash Narayan from our policy bureau in New Delhi reported that the Indian government is considering a clean up of public sector banks by drawing up a fresh list of which of those to privatise.

purchasing power. Separately, manufacturers have also shifted their attention to marketing premium products that offer better profit margins, industry experts said. Most budget models in electronics have moved to ecommerce platforms.

The US government is increasing its efforts to combat cryptocurrency criminal funding, especially in response to terrorist attacks in Israel.

US regulators are finally discussing the subject of fiat-backed digital assets, popularly known as stablecoins.

Italy, that day is long overdue.A 75-year-old Italian woman has won a court case declaring that her two adult sons — aged 40 and 42 — will be evicted from her home in the northern Italian city of Pavia, local media reported.The woman, who has not been named publicly, told the court she has long since tried to persuade her sons to move out on their own. She claimed all of her efforts were fruitless — and said her aggravation was only increased because both of her children are employed and able to financially support themselves.According to the Italian newspaper Avvenire, the mother also told the judge her children did not contribute to the household expenses or chores.Unsure what else to do, the mother decided to take her sons to court.Judge Simona Caterbi ultimately sided with the mother and agreed it was time for her sons to leave.

By Valentine Hilaire

(Corrects total assets under management figure to $1.35 trillion, not billion in paragraph 5)

Akash Ambani, chairman, Reliance Jio, Sunil Mittal, chairman, Bharti Enterprises, and Kumar Mangalam Birla, chairman, Aditya Birla Group (the co-parent of Vodafone Idea), also told delegates at Asia’s biggest technology event, the India Mobile Congress, that they will double down on investments to ensure broader rollout of 5G in the country. “Country after country as well as World Bank, United Nations, WTO, the Africa Union, the EU, G20, BRICS – everyone is chanting that the digital infrastructure model that India has built can accelerate the world economy, especially in those countries which have lack of infrastructure,” Mittal said. Echoing the sentiment, Jio’s Ambani said using the latest technology can improve the lives of people and the best example of it is India’s digital public infrastructure, purpose-built on an integrated technology backbone that helps the state achieve its stated objective of financial inclusion for the underprivileged. “Millions of youngsters like me are inspired by your work in making Digital India a means to build a more innovative, inclusive and sustainable world,” Ambani said, referring to Prime Minister Narendra Modi. Speaking at the inauguration of India Mobile Congress, Ambani and Mittal also underlined their readiness to offer broadband-from-space services. Kumar Mangalam Birla, additional director of Vodafone Idea, added that India has emerged as a champion of the global south, with many countries from the global south now eager to adopt “India’s path breaking digital public infrastructure assets across identity, payments, and data management.” Mittal also highlighted the success India has achieved in manufacturing in the last few years with players ranging from Apple to