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Cotton Association of India (CAI) has pegged India‘s 2024-25 year-on-year cotton production lower by 7% due to fall in acreage and crop loss due to excess rainfall. The trade body also expects India's cotton imports to jump by 42% and the exports to fall by 37%. The CAI has pegged the all India total cotton pressing for the 2024-25 season at 302 lakh bales of 170 kgs each as against 325 lakh bales produced last year. «There are reports of crop damage due to excessive rainfalls in several cotton growing states. The Ministry of Agriculture has reported acreage under cotton to be lower by 10% than last year,» said CAI in a media release.

Zomato is acquiring an 8% equity stake in kitchen appliances startup Byondnxt Smart Home Pvt Limited, for Rs 6,000, the company said in an exchange filing on Tuesday. “Board of directors of Zomato has considered and approved the subscription of up to 600 equity shares of Byondnxt Smart Home Pvt Limited (“Byondnxt”), for a total purchase consideration of Rs 6,000/ at a price of Rs 10 per share. Byondnxt, a business-to-consumer (B2C) firm which designs and manufactures kitchen appliances was founded by Eshwar Vikas who is also the founder of Mukunda Food Pvt Ltd.

mpox strain that has spread from Democratic Republic of Congo to neighboring countries may affect girls and young women, a new study has revealed. Girls and young women may be more susceptible to an infectious subvariant of the virus that causes mpox, reported Bloomberg. Hundreds of children have already died of this deadly strain in eastern Congo. The details of the subvariant of the virus were published in the scientific journal Eurosurveillance, according to which 154 people have tested positive for mpox in Burundi, an area in eastern Congo. Of 154 mpox cases that were reported from July 3 to September 9, the median age was 9.5 years. ALSO READ: New Mpox variant detected in Germany: Health authority

Angelina Jolie and British rapper Akala are allegedly getting closer. Angelina Jolie, 49, and her alleged boyfriend Akala, 40, spend two nights together in her London hotel. According to a report by Page Six, the 49-year-old ‘Maleficent’ star secretly brought the 40-year-old musician to her hotel suite at The Corinthia in London last week. Akala joined the actress two hours after her arrival. The pair spent Wednesday and Thursday nights together inside the hotel and did not leave.

Overburden (OB), the by product from mining operations, and process it to produce Manufactured-Sand (M-Sand), which can be used in construction projects. This move will reduce dependency on river sand and preventing environmental degradation, a Coal Ministry statement said. To make this possible, public-sector undertakings (PSUs) have commissioned four OB processing plants and five OB-to-M-sand pilot plants. Additionally, six more OB processing and OB-to-M-sand plants are currently in various stages of installation within the Coal/Lignite PSUs, the statement added. These plans have been listed in a report by a High-Powered Expert Committee (HPEC) of the Coal Ministry. The report has recommended that coal companies can be mandated to practice mining of other minerals present in OB strata or gainful utilization of OB for economic value rather than mining of just coal.

UBS Wealth Management senior vice president Brenda OConnor Juanas and Strategic Wealth Partners Mark Tepper look ahead to the elections impact on markets and notable earnings out this week.

Honda is recalling more than 700,000 vehicles because the high-pressure fuel pump may crack and leak fuel, which could increase the risk of a fire

Ajit Pawar on Tuesday said the ruling Mahayuti alliance, led by CM Eknath Shinde, has almost finalised its seat sharing deal for the November 20 Maharashtra assembly elections. «Some seats have been finalised, while a decision on the remaining seats is expected today,» the NCP president told reporters. «There is no reason for me to be present at the meeting when the decision on some seats is to be taken between the BJP and Shiv Sena,» Pawar said, on his absence at the talks between leaders of BJP and Shiv Sena in Mumbai on Monday. The three (party leaders) are present when discussions concern all the three constituents of the Mahayuti alliance, he added. «As some candidates had to keep up with the „muhurat“ for filing of nominations, they have been allotted our party's A and B forms,» Pawar said. The A and B forms are important documents, which denote that a certain candidate has been approved by a political party and should be allotted the election symbol of that party.

Bajaj Finance on Tuesday reported a 13% jump in its net profit for the quarter ended September 2024 to Rs 4,000 crore versus Rs 3,551 crore posted in the year-ago period. The profit is attributable to the owners of the company. It was below ET Now poll estimates of Rs 4,070 crore.

South Korea has warned that it might consider supplying weapons to Ukraine following allegations that North Korea has sent troops to Russia to bolster Moscow's military efforts in Ukraine. South Korean officials view these developments as a serious security threat, as they fear that Russia may reciprocate by providing North Korea with advanced weapons technologies that could enhance its nuclear and missile capabilities aimed at South Korea.

Supreme Court on Tuesday extended the interim protection from arrest till further orders granted to Malayalam film actor Siddique in an alleged rape case. A bench of Justices Bela M Trivedi and Satish Chandra Sharma allowed Siddique to file his rejoinder affidavit to the status report filed by Kerala police, which alleged lack of cooperation in the investigation on his part. Senior advocate V Giri, appearing for Siddique sought time to file a rejoinder affidavit to the status report but claimed that his client had been cooperating with the police's investigation. Senior advocate Ranjit Kumar, appearing for the Kerala police, said Siddique was hindering the investigation and had destroyed electronic devices besides deleting social media accounts.

Hindustan Unilever (HUL) is expected to report a 2-4% increase in its Q2FY25 revenue partly offset by pricing cuts undertaken by the company in the reporting quarter. The top-line is expected to be in the range between Rs 15,621 crore and Rs 15,728 crore, according to estimates given by four brokerages. The net profit for the reporting quarter is estimated at Rs 2,592 — Rs 2,714 crore.

Adani Green Energy on Tuesday reported a 39% jump in its consolidated net profit for the quarter ended September 2024 to Rs 515 crore as against Rs 371 crore posted in the year-ago period. The revenue from operations for the reported quarter stood at Rs 3,376 crore, up 30% over Rs 2,589 crore posted by the company in the corresponding quarter of the previous financial year.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Persistent Systems today announced its second quarter earnings, reporting a 23.4% jump in its profit after tax (PAT) at Rs 325 crore on a year-on-year (YoY) basis, while its revenue increased by 20% YoY. The company’s revenue for the second quarter ended September 2024 stands at Rs 2,897.15 crore.

U.S. sales are down and a once-profitable joint venture in China is losing money, but General Motors still managed to post $3 billion in net profits last quarter

The Indian government is working on a new law to punish those spreading the menace of hoax bomb threat calls, which disrupt the flight schedules of airlines and cause massive inconvenience to thousands of passengers

Subscribe to enjoy similar stories. New Delhi: State-run NLC India Ltd is looking to raise about ₹4,500 crore through the initial public offering (IPO) of its subsidiary NLC India Renewables Ltd (NLCIRL) in April-June 2025, according to its top executive. NLC will offload 51% shares of the renewable energy arm, Prasanna Kumar Motupalli, chairman and managing director (CMD) at the public sector lignite miner, told Mint.

New York magazine says the publication and star political reporter Olivia Nuzzi have decided jointly to “part ways."

Global shares are mostly lower in cautious trading ahead of earnings reports around the globe

gold loan growth. The lenders will have to revisit policies and processes to ensure compliance, it said. The Reserve Bank of India (RBI) recently flagged certain irregular practices in the loan against the gold jewellery space and asked lenders to comprehensively review their policies, processes and practices to identify gaps and initiate remedial measures in a timebound manner. This could potentially impact gold loan disbursements during the transition phase and curb growth in the business. The circular is addressed to the supervised entities (SEs) of the RBI — all commercial banks, including small finance banks, primary (urban) co-operative banks and non-banking financial companies (NBFCs). Some areas highlighted in the circular of deficiencies in the monitoring of the loan-to-value (LTV) ratio, asset classification norms for overdue loan accounts, and inadequate due diligence in monitoring the end-use of gold loans among others.