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outer space. Two prototype low-Earth orbit satellites made by Hon Hai Precision Industry Co., better known as Foxconn, took off aboard a SpaceX rocket from Vandenberg Space Force Base in southern California on Saturday. The launch of the LEO satellites marks a key moment for the Taiwanese electronics manufacturer as it diversifies into new sectors, a shift that is taking greater urgency as some of its established businesses such as smartphones and laptops struggle. Foxconn is aiming to demonstrate that it has satellite technology to tap growing demand for communications from space. While Elon Musk’s Space Exploration Technologies Corp. has made and launched more than 5,000 LEO satellites for its Starlink constellation, Foxconn is betting it will be able to make satellites primarily for corporate and government clients. The satellites, co-developed with Taiwan’s National Central University, are the size of a backpack, weigh about 9 kilograms (20 pounds) each and carry cameras, communication devices and other equipment. They are designed to orbit Earth every 96 minutes at an altitude of 520 kilometers (323 miles).

When embattled Tritium chief executive Jane Hunter approached National Reconstruction Fund (NRF) chairman Martijn Wilder in September about the possibility of accessing capital, there was hope the Brisbane fast-charger company could be the “first cab off the rank” from the Albanese government’s $15 billion manufacturing fund.

women apprentices on their shop floors, prompted by a biting shortage of skilled manpower as well as their drive to address the gender imbalance in their factories. There is a 4-5x surge in demand for young women who have completed Class 10/12 to be appointed as apprentices in the last six months, shows data shared by TeamLease Degree Apprenticeship with ET. “Factories are becoming increasingly gender agnostic as they are facing a big talent shortage,” said Sumit Kumar, chief business officer of TeamLease Degree Apprenticeship. “India has a skill shortage of approximately 130-150 million people across various sectors,” he said.

The slowdown in placements is forcing these institutes to rework their plans, said officials at some of the private engineering institutes ET spoke with.

FBI sleuths seized the electronic devices of NYC Mayor Eric Adams earlier this week. This marked a significant development in the criminal investigation, focusing on whether his 2021 campaign engaged in a conspiracy with the Turkish government to funnel money illicitly. The FBI agents approached Mayor Adams after an event in Manhattan on Monday, requesting his security detail to step aside. Pursuant to a court-authorized warrant, they confiscated at least two cellphones and an iPad, which were later returned to the mayor within days. In response to the seizure, a statement from Adams's lawyer, Boyd Johnson, emphasized the mayor's cooperation with federal authorities. Johnson clarified that Adams, despite not being accused of wrongdoing, had proactively reported instances of improper behavior. Eric Adams, a former member of law enforcement, asserted his commitment to upholding the law and full cooperation with any investigation. Adams stated that he has nothing to hide, positioning himself as an advocate for lawful conduct. The federal investigation into Adams's campaign became public on November 2, marked by the FBI's search of the chief fund-raiser's home. The fund-raiser, Brianna Suggs, had her residence raided, leading to the seizure of laptops, iPhones, and a folder labeled «Eric Adams.» The investigation revolves around a potential conspiracy involving campaign finance violations, Turkish government connections, and a Brooklyn-based construction company.

how to decide between bonds or funds: Bond investors often share a sentiment credited to Mark Twain, that the return of their money is more important than the return on their money. For that reason, many prefer buying individual bonds and holding them until they mature. That way, it doesn’t matter what happens to the price of the bond in the meantime—investors can lock in today’s rate and generally expect to get back what they put in.

Gold sales on Dhanteras surged to a record on Friday amid a revival in growth across consumer products such as smartphones, televisions, home appliances and apparel, as well as restaurants, after more than a year during the ongoing festive season. Demand for gold in the country increased about 7.7% by volume to an estimated 42 tonnes and 10% by value to ₹22,000 crore, according to the India Bullion and Jewellers Association (IBJA).

By Ann Saphir and David Lawder

Elon Musk in the US next week as the two sides look to advance the carmaker's plan to enter the South Asian market, news agency Reuters recently reported. In the US, Goyal will also participate in the investors' roundtable along with meetings with chief executives of top companies.

Refinitiv after a glitch on the electronic trading platform caused trading volumes in the foreign exchange market to dry up, causing volatility in the rupee, which marked new lows versus the US dollar on Friday. Market sources told ET that the trading outage, which occurred around mid-day, resulted in orders drying up, exacerbating volatility in the rupee’s exchange rate amid a global selloff in stocks and bonds due to hawkish comments by the US Federal Reserve chairman. The rupee closed at an all-time low of 83.34 per US dollar on Friday. Intraday, the rupee weakened to as much as 83.48/$1, also a fresh low.

Camlin Fine Sciences(CSFL): The brokerage has an ‘add’ call on the stock with a 1-year as well as 3-year (bull case) target price of ₹300, indicating an upside of 133 percent. "We bake in vanillin benefits in our FY24F estimates to arrive at an EPS of ₹15.1 for FY24F and ₹21.8 for FY25F. We valued the stock at 20x FY24F EPS to arrive at our higher target price of ₹300 from ₹180 earlier," it said.

Blinkit, the quick-commerce arm of food delivery major Zomato, on Friday reported a surge in sales of gold and silver coins along with other items associated with Dhanteras celebrations. Other quick-commerce platforms such as Swiggy Instamart and Zepto were also selling gold and silver coins on Dhanteras. Dhanteras, also known as Dhanatrayodashi, is the first day of the festival of Diwali across many regions in the country. On this day, purchasing items made of gold, silver and brass is considered to be auspicious, and doing so is perceived to usher in prosperity and success in people’s lives. This year Dhanteras is being celebrated on November 10.

1. Auspicious beginnings: Muhurat trading marks the commencement of the new year according to the Hindu calendar. It is believed that initiating any significant activity, including financial transactions, during this period brings good luck and prosperity for the upcoming year.

Dhateras business for traders: Traders’ body Confederation of All India Traders (CAIT) on Friday said more than Rs 50 crore business was expected across the country on Dhanteras festival which marked the beginning of the five-day Diwali celebrations including Choti Diwali or Narak Chaturdashi, Diwali and Govardhan Puja. The festive week will culminate with Bhai Dooj next week. In Delhi alone, Rs 5,000 crore trade was estimated on Dhanteras, CAIT said.

₹one lakh crore is a significant milestone for the listed companies. Since last Diwali nine companies have successfully achieved this, demonstrating their resilience in a volatile market. Bharat Electronics crossed the ₹one lakh crore market capitalisation on September 01.

Investing.com-- Most Asian stocks fell on Friday tracking hawkish signals on U.S. interest rates, while weak earnings from industry majors including  Softbank and SMIC weighed on broader technology stocks.

Investing.com-- Major Asian chipmaking stocks sank on Friday, tracking a steep decline in Semiconductor Manufacturing International Corp (HK:0981) after China’s biggest chipmaker logged a 80% slide in its quarterly profit amid worsening demand. 

If you're looking to make the most of this propitious occasion, we have curated a list of the best Dhanteras purchases that will not only add sparkle to your festivities but also ensure a prosperous year ahead. So, prepare your wallets and get ready to embark on a shopping spree that will leave you feeling lucky and blessed!

Diwali festival in India is known as Dhanteras or Dhanatrayodashi. It is commemorated on the thirteenth lunar day of Krishna Paksha. The Dhanteras puja muhurat will be observed from 5.47 pm to 7.43 pm on November 10.

Apple did not recruit U.S. citizens or permanent residents for jobs that were eligible for a federal program allowing employers to sponsor immigrant workers for green cards, in violation of a federal law that bars discrimination based on citizenship.

Sony has reported that its profit in the July-September quarter slipped 29% from a year earlier, as damage from a strike in the movie sector offset boosts from a favorable exchange rate