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terrorism and extremism are unlikely to encourage trade, energy flows, and connectivity, said External Affairs Minister S Jaishankar, while speaking at the Shanghai Cooperation Organisation (SCO) summit, on Wednesday. Speaking against the backdrop of heightened tensions and global challenges, Jaishankar pointed out that terrorism and extremism, particularly along the India-Pakistan borders, continue to hinder progress in trade, energy exchanges, and regional connectivity. «Cooperation must be based on mutual respect, sovereign equality, and it should recognise territorial integrity and sovereignty,» he stated. He also noted the ongoing global conflicts, saying, «We meet at a difficult time in world affairs; two major conflicts underway, each with global repercussions.»

Malaysia Airlines and IndiGo entered a strategic codeshare partnership following the Memorandum of Understanding (MoU) signed in April 2024. The partnership aims to boost connectivity and elevate the traveller experience across its key hubs within Malaysia and India.

ASML's deep cuts to its 2025 sales forecast sparked a sell-off in chip stocks on Tuesday over worries that global chip demand may be faltering. The weaker outlook could, instead, reflect some overcapacity at chip factories that had already stocked up on ASML's pricey tools during the pandemic and have become better at using them to produce a larger numbers of chips, analysts said. ASML's stock plummeted to its biggest single-day loss in a quarter century on its downgraded forecast. In results that the company inadvertently posted a day ahead of schedule, ASML said it expects 2025 total net sales of 30 billion-35 billion euros, near the bottom of its previous forecast.

Jio's Akash Ambani and Airtel's Sunil Mittal recently voiced concerns about market access for multinational corporations in the presence of Prime Minister Narendra Modi, the report by (Pankaj Doval) said. During the India Mobile Congress, Ambani emphasised the need for the local storage of data and expressed worries about data being moved abroad.

National Conference leader Sheikh Bashir Ahmad on Wednesday said that the new government in Jammu and Kashmir will fulfill people's expectations. He stated that unemployment and inflation are major issues in the valley and that Article 370 must be restored. «After ten years, a government that will represent Jammu and Kashmir is being formed. There has been presidential rule for five years. People were suppressed by bureaucracy. J-K has witnessed a lot. We hope that we fulfill all the expectations of the people. Unemployment will be the top priority. The youth has no opportunities. Prices have been skyrocketing. Along with that, there are so many issues. It is a border state. Peace must be established here. We will work together for it,» said the NC leader. Speaking on the demand for restoring statehood, he said, «The day BJP took away the statehood, they mentioned that it will be restored. If they empathise with people, then, it must be done. We will push for this demand. J-K's land and jobs were secure under Article 370. We will fight for it.»

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

Vishnu Deo Sai on Wednesday announced a 4 per cent hike in the dearness allowance (DA) for state government employees, bringing the total DA to 50 per cent. Speaking to reporters in Raipur, CM Sai said, «There is a cabinet meeting today at 11:30 am… Our government has decided that all state employees are currently getting 46 per cent DA, we are increasing their DA by 4 per cent. From now on, they will get 50 per cent DA.» The Chhattisgarh Chief Minister's Office added that the revised 50 per cent dearness allowance will be effective from October 1.

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Dipan Mehta, Director, Elixir Equities, says Hyundai compares very well with Maruti. It may trade at a slight premium to Maruti also because of its product profile and the kind of distribution expansion opportunity which is there for the company and its superior EV strategy as well. If you are a long-term investor with a two, three, five-year view and prefer consumer-oriented stocks, then Hyundai fits that criteria. But, it is for the long haul and one should not expect a quick buck on listing. What are your thoughts on the Hyundai IPO? There was a steady response on day one. But it lacks that zing or that X factor that makes investors excited when it comes to the prospects on listing. Do you concur? Dipan Mehta: That is a good IPO to apply for and that’s how we are advising and a disclosure, we ourselves will be applying in the IPO. But you should not expect an amazing listing like what we have seen with other IPOs. It may be a more tepid listing because of its size and because of the sentiment in the auto industry as well. Even post-listing, you may have a situation where two-three quarters may be quite weak because we are seeing a transient slowdown in the auto sales and that may impact the profitability of all auto companies, Hyundai included.

swearing-in ceremony, Jammu and Kashmir CM-designate Omar Abdullah on Wednesday offered floral tributes at the Mazar-e-Anwar of «Sher-e-Kashmir» Sheikh Mohammad Abdullah, in Srinagar. Omar Abdullah's grandfather, Sheikh Mohammad Abdullah, was the first Prime Minister of JK after its accession to India and later served as Chief Minister. Omar's father Farooq Abdullah has been the CM of the erstwhile state thrice. Speaking after he offered prayers Omar Abdullah said his government has a lot to do for the people of the region.

World Anaesthesia Day is celebrated annually on October 16 to mark the significance of plays in modern medical care. It also serves as a reminder to recognise the work of anesthesiologists, who are essential for hassle-free surgeries. This day not only acknowledges their vital role but also credits them for promoting advancements in anaesthesia practice. Diethyl ether anaesthesia was successfully demonstrated for the first time in history in 1846.

Registrar General of India and Census Commissioner Mritunjay Kumar Narayan, and appointed IPS officer Praveen Vashista as Special Secretary (Internal Security) in the Ministry of Home Affairs. The Appointments Committee of the Cabinet has approved the extension of Narayan, and the appointment of Vashista as Special Secretary, mentions a Ministry of Personnel order. The Committee has extended the tenure of 1995-batch Uttar Pradesh cadre Indian Administrative Service officer Narayan beyond December 6, 2024, for a period up to August 4, 2026, or until further orders, whichever is earlier.

Chief Election Commissioner (CEC) Rajiv Kumar said Electronic Voting Machines are totally «safe and robust,» and have batteries like a calculator, not like a mobile which will be charged everyday. CEC Kumar explained that EVMs had three-layered security including the batteries and in each level signatures of political party representatives were taken to ensure transparency. «People also ask, if pagers can be hacked then why can't EVMs be hacked? Pagers are connected but EVMs are not,» he said during a press conference while announcing the poll dates for Maharashtra and Jharkhand assembly elections on Tuesday.

Donald Trump has vowed that if voters return him to the White House, "inflation will vanish completely." It's a message tailored for Americans who are still exasperated by the jump in consumer prices that began 3 1/2 years ago. Yet most mainstream economists say Trump's policy proposals wouldn't vanquish inflation. They'd make it worse. They warn that his plans to impose huge tariffs on imported goods, deport millions of migrant workers and demand a voice in the Federal Reserve's interest rate policies would likely send prices surging.

Aditya Birla Sun Life AMC will roll out a new $300 million India Yield Advantage fund in the private credit space to attract offshore capital from global investors in Singapore and Dubai. The fund will generate a return of around 20% by mirroring the company's domestic private credit fund strategy. In India, Aditya Birla Sun Life AMC has launched the fundraising exercise for its maiden ₹2,500 crore performing credit fund. «The offshore fund will offer global investors the opportunity to invest in India's growing private credit space, expanding beyond traditional equity investments that have been the primary focus so far,» said A Balasubramanian, managing director of Aditya Birla Sun Life AMC.

HCLTech garnered about a third of incremental demand from data and artificial intelligence (AI) verticals, helping India’s third largest software services provider post better-than-expected revenue — 6.7% higher from a year earlier — in the fiscal second quarter. Speaking to ET, CEO and managing director C Vijayakumar declined to elaborate on revenues earned from data and AI businesses. “It (data and AI revenues) is spread across different verticals, and every client situation is different, so I'm not able to quantify it. But I think at least a third of the (incremental) demand seems to be coming from AI and data, roughly,” he said. Announcing the September quarter results on Monday, the Noida-based company reported revenue of Rs 28,862 crore, up 6.7% from a year ago and 2.6% sequentially. Revenue surpassed the Rs 28,710 crore ET estimate for Q2. The company also raised its lower-end guidance for revenue growth to 3.5-5.0% from the earlier 3.0-5.0% for FY25.

Eldercare startup Primus Senior Living has raised $20 million in a seed funding round led by General Catalyst, with participation from Zerodha cofounder Nikhil Kamath and Gruhas, the investment firm co-founded by Kamath and Abhijeet Pai of Puzzolana Group. General Catalyst contributed $7 million to the round, while Kamath and Gruhas invested the remaining $13 million, according to Adarsh Narahari, founder and managing director of Primus. Led by Narahari, Bengaluru-based Primus is developing a comprehensive eldercare platform offering various services, including healthcare, wellness, lifestyle, and social engagement—all delivered to elders in their homes.

credit marketplace Paisabazaar, a part of listed PB Fintech, is taking a leaf out of sister concern Policybazaar’s playbook and building its own offline distribution channel. Paisabazaar is one of the largest credit marketplaces in India. It allows consumers to access unsecured personal loans, credit cards and similar products from banks and non-bank lenders through online channels. As it builds out its secured credit distribution play, Paisabazaar wants to create a physical presence to help in fulfilment of such loan delivery. Speaking with ET, Naveen Kukreja, chief executive officer of Paisabazaar, said it has set up a field team of around 100 people in Delhi, Mumbai and Bengaluru, targeting secured credit products like home loans and loans against property. It is also testing other products like loans against cars and securities, but those are still in the beta stages. By the end of this fiscal, it intends to scale up this team to 500.

mutual funds now hold stocks worth more than $8 billion, or almost Rs 69,000 crore, in a dozen new-age companies including Zomato, Paytm, PB Fintech, Nykaa, Delhivery and Mamaearth on account of the rising valuations of some of these companies and many of them having gone public in recent years. The value of startup holdings by mutual fund companies such as ICICI Prudential, Axis Mutual Fund, Kotak Mutual Fund, HDFC Mutual Fund, Nippon Mutual Fund, Invesco India and Mirae Asset Mutual Fund was $2.7 billion a year ago, but only with six companies versus 12 now, calculations made by ET show. Besides the steady climb in stock prices that companies such as Gurgaon-based Zomato and Policybazaar-parent PB Fintech have witnessed in the last year, a clutch of new-age companies doing their initial public offerings (IPO) has led to the increased exposure by domestic mutual funds to this asset class.

Electric two-wheeler market leader Ola Electric has engaged EY India for a “service transformation” amid mounting after-sales service issues, a barrage of consumer complaints and declining sales volumes, multiple people aware of the development said. The global consulting services firm is likely to advise the Bhavesh Aggarwal-run startup on a whole host of service-related aspects of the business, from streamlining business processes to stocking and inventory management of spare parts, they said. An email sent to an Ola Electric spokesperson remained unanswered until press time Tuesday.

These 'non-major' ports will supplement India's plans to increase total handling capacity by four times to 10,000 million tonnes per annum (mtpa) by 2047. Gujarat aims to develop integrated port cities with an estimated investment of Rs 1.5 lakh crore, said the people cited above. Andhra Pradesh envisages an investment of Rs 50,000 crore in the ports sector till 2050.