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Onion prices rose nearly 75% in the first week of November compared with the previous month. “Alongside a rise in broader vegetable prices in October, we expect CPI inflation to rise to 5.3% y-o-y from 5.0% in September, with headline inflation tracking 6% in November/December, before moderating next year,” said Sonal Varma and Aurodeep Nandi, economist, Nomura. While economists contend that falling tomato prices are expected to keep inflation in check in October, they say the situation may worsen going ahead. “Daily food prices from the National Horticulture Board is indicating a 10.9% MoM rise in onion prices in October, which is being countered by a 9.3% decline in tomato prices. Potato prices are also showing a mild decline in October.

Growth in personal income tax (PIT) collections may slow a bit in the second half of the current financial year from the impressive 31% seen in the first, as the income tax ((I-T) department aims to make tax refunds to the tune of Rs 2 trillion in the remainder of the year, an official source told FE. “The second-half refunds are likely to be higher than in the year-ago period by around Rs 50,000 crore. This would mean that the refunds in the whole of FY24 would be above Rs 3.5 trillion, as against a little over Rs 3 trillion last year,” the source added.

China is owed more than a trillion dollars through its Belt and Road project, making it the biggest debt collector in the world, a report said this week, with an estimated 80 percent of the loans supporting countries in financial distress. Beijing says upwards of 150 countries stretching from Uruguay to Sri Lanka have signed up to the BRI, a vast global infrastructure push unveiled by President Xi Jinping a decade ago. The first decade of the initiative saw China distribute huge loans to fund the construction of bridges, ports and highways in low and middle-income countries. But much more than half of those loans have now entered their principal repayment period, said a report released Monday by AidData, a research institute tracking development finance at Virginia's College of William and Mary. That figure is set to hit 75 percent by the end of the decade, it added. Crunching data compiled on Chinese financing of almost 21,000 projects across 165 countries, AidData said Beijing had now committed aid and credit «hovering around $80 billion a year» to low and middle-income nations. The United States, in contrast, has provided $60 billion to such countries a year. «Beijing is navigating an unfamiliar and uncomfortable role — as the world's largest official debt collector,» the report said.

Cutting ties with last year’s Melbourne Cup winner Gold Trip was agonising for jockey Mark Zahra.

Sanjiv Bhasin, Director, IIFL Securities, says “Lupin is my dark horse play. The stock has given a smart run up, but I still think Lupin is headed higher. You can add a basket of maybe Cipla and given that it is a takeover target, given a Cipla, Dr Reddy and Sun Pharma. Divi’s yes, on decline would be a buy because in contract farming in the API distribution, they are one of the largest players.” Let us begin by discussing the pharma sector. The earnings this time have managed to show an improvement with the exception of Divi’s which of course was a big miss on the margin front. The commentary is something that the Street likes. Even Gland after many quarters has managed to deliver an okay set. Which are the stocks that you like? You are right, Divi’s did disappoint but the management sounded very confident on the second half and that is the commentary from a lot of players on the second half of the calendar year and that I think is going to be instrumental. In pharma, we have seen blockbuster numbers from Cipla, Sun Pharma and Dr Reddy. The dark horse play which will come out with superb numbers is Lupin.

Anuj Poddar, MD & CEO, Bajaj Electricals, says «Q3 is definitely looking better. It has started on a stronger note and the two factors that have impacted Q2 one is just a general weak environment for consumer demand that we saw particularly in September but also there was also a shifting of the festive season this year from Q2 to Q3, which is why the base effect kicked in. I do see a better start to Q3 and hopefully a better end to Q3 as well.» In your commentary after Q2 results, you have mentioned a weak consumer demand sentiment which might have impacted your consumer products and lighting solutions revenues in the quarter gone by. Has the demand recovered from those low levels or are you still seeing it impact in this quarter as well? Yes Q3 is definitely looking better. It has started on a stronger note and the two factors that have impacted Q2 one is just a general weak environment for consumer demand that we saw particularly in September but also there was also a shifting of the festive season this year from Q2 to Q3, which is why the base effect kicked in. I do see a better start to Q3 and hopefully a better end to Q3 as well.

Devang Mehta, Director-Equity Advisory, Spark Private Wealth, says: “Most of this high-end discretionary luxury demand for cars, real estate, as well as capex, is bound to come in and most of these industries will do very well. So on the sector front, auto, auto components, a lot of building material/home improvement/capital good type of businesses is what we recommend to our clients in building the portfolios.” Why don’t you start by giving us one of your top Diwali recommendations given the fact that there are cheers all around with Nifty hitting that 19,400 mark. I would not be able to recommend any single specific idea but yes, as a theme, we clearly like something in the auto and auto component universe. We know that it is a part of discretionary consumption and India Inc., has been seeing sales of passenger cars over the last complete festive weekends, may it be Navratri or the start of Diwali season.

—Name withheld on request

As the famous quote goes, nothing is certain in life except death and taxes. Carolyn McClanahan, founder of Life Planning Partners, knows both intimately, having started out as an emergency room physician. “Now, nothing seems as challenging as that,” she says.  

Taylor Sheridan, creator of the successful Yellowstone spin-off shows, has made a name for himself. Sequels and spin-offs often fall short, but not in the case of the Yellowstone world. Yellowstone Season 5 Part 2, the series finale, faces a delay in its last six episodes. These episodes are set to premiere in November 2024, as per Variety. The season began in November 2022, with episode 8 airing in January 2023. The intended return in November 2023 was postponed due to Hollywood strikes and production issues involving Kevin Costner. There are even rumors that Costner may not return for the final episodes. While waiting for the flagship series to conclude, there are already five Yellowstone spin-off shows to keep track of. As of November 6, 2023, there are three prequels, titled 1883, 1923, and 1944, as well as two sequels, titled 2024 and 6666. Sheridan is an executive producer on the Paramount+ series Lawmen: Bass Reeves, originally thought to be part of the Yellowstone universe. However, it stands as a standalone series unrelated to the Montana-based Western series.

Cushman & Wakefield Chairman of Global Brokerage Bruce Mosler provides his real estate outlook and addresses New York Citys office vacancy problem on The Claman Countdown.

Market watchers are not expecting any further interest rate hikes from the Bank of Canada in the current tightening cycle, according to a survey released Monday.

The Washington Post has named veteran media executive Will Lewis to serve as its new CEO and publisher

The decades-old surgical drug ketamine has found a new use — as an alternative to opioids for patients with chronic pain

Climate change is increasing billion-dollar disasters, many of them from intensifying hurricanes

SundayGrids to revolutionize the solar industry. Mathew Samuel, one of the co-founders, captures the essence of their mission: "More than a luxury choice that only those with independent houses and sprawling roofs can make, solar energy should be accessible for everyone, regardless of where we are and the kind of places we live in. With digital solar, that is the leap we hope to make." SundayGrids is on a mission to democratize solar energy with ‘Digital Solar’.

ICDS programme to improve the nutritional and health status of children in the age group 0-6 years, laying the foundation for proper psychological, physical and social development of the child. India is also leveraging technology under an ambitious Poshan Tracker for dynamic identification of underweight children, as also of stunting and wasting among them, and for last-mile tracking of nutrition service delivery. Even as India is making rapid progress on health, paradoxically the Global Hunger Index (GHI) has placed India among the bottom 15 ranks, at No.

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Cello World listed with a healthy premium of 28% on the exchanges on Monday. On listing, the stock witnessed some profit booking and closed the day with a 22% gain over the issue price. Analysts believe the premium listing is justified on the back of reasonable IPO valuations, following a strong product demand, financial track record and reputed brand presence. The IPO received a positive response from investors with subscriptions of nearly 42 times at close. «After such a strong listing, investors may book profit.

Trehan Iris, one of India’s leading real estate developers, has recently launched OMEGA – a high-rise office tower. This tower is within “Iris Broadway Greno West”, a 1 million sq. ft. premium retail-led mixed-use development and entertainment destination.

builder from Bengaluru, who had residential projects in Virar, Mumbai, has been arrested for allegedly cheating 150 buyers and swindling them of over Rs 30 crore. As per a TOI report, the accused, Raju Sulire, the director of Mandar Housing, was apprehended by the crime branch of Mira Bhayander Vasai Virar police commissionerate for selling two flats to multiple buyers. The police are currently investigating if a third flat was sold in a similar manner.