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East Coast Railway (ECoR) has announced the cancellation of 197 trains starting from October 23 due to the anticipated cyclone 'Dana.' The cyclone is expected to impact Odisha by October 25. According to the Indian Meteorological Department (IMD), a low-pressure area over the East-central Bay of Bengal has strengthened and is predicted to turn into a cyclonic storm by October 23, 2024. The storm will likely intensify further into a severe cyclonic storm and is expected to cross the north Odisha and West Bengal coasts between Puri and Sagar Island from late night on October 24 to early morning on October 25.

Silver prices have touched the Rs 1 lakh per kg mark in Delhi-NCR’s bullion markets, rising by over 3% or Rs 8,200 in just three weeks. Commodity experts expect a 3-5% increase in prices in the run-up to Dhanteras. Meanwhile, on the MCX, the December Silver contracts hit a new lifetime high of Rs 99,475, gaining by Rs 2019 or over 2%. The March 2025 futures were trading at Rs 1,01,688, gaining by Rs 1,847 or 1.85%.

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BJP leader CP Yogeshwar was welcome to the Congress if he had faith in the party’s ideology, adding fuel to the speculations that the former minister would contest on a Congress ticket from Channapatna, the assembly seat vacated by Union Heavy Industries & Steel Minister HD Kumaraswamy. The CM, replying to queries from the media, said DK Suresh, who lost the recent Lok Sabha polls from Bengaluru Rural, was also a strong contender for the seat. A clear picture will emerge in two days, he added. Suresh, a three-time MP, is the brother of Dy CM DK Shivakumar. Kumaraswamy told media that BJP national president JP Nadda and union minister Pralhad Joshi had requested him to give the JDS ticket to Yogeshwar, but he found Congress leaders queuing up to welcome him. The union minister defeated Yogeshwar in last year’s assembly polls. Yogeshwar’s unexpected resignation as BJP MLC on Monday has raised the temperature in the BJP and JDS camps.

Reliance Infrastructure on Tuesday said it will set up the largest integrated project for manufacturing of explosives, ammunition and small arms in Ratnagiri, Maharashtra at an investment over Rs 10,000 crore in the project over the next 10 years. Reliance Infrastructure through its subsidiaries has exported defence equipment worth more than Rs 1,000 crore over a period of time, it added. «The company has been allotted 1000 acres of Land in Watad Industrial Area of Ratnagiri, Maharashtra to develop Dhirubhai Ambani Defence City (DADC). DADC will be the largest GREENFIELD project in the Defence Sector in India by any private sector company,» the company said in a statement.

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.

Subscribe to enjoy similar stories. NEW DELHI—India and China have reached a breakthrough in discussions over their disputed Himalayan border, signaling room for improved ties after a high-altitude skirmish froze relations between the Asian giants. The two countries have arrived at an arrangement to resume patrolling along their de facto border, said India’s Foreign Secretary Vikram Misri on Monday.

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Subscribe to enjoy similar stories. Thiruvananthapuram/Chennai: After decades of planning and years of delay, the Vizhinjam International Transhipment Deepwater Multipurpose Seaport, India’s deepest natural port and its only container transshipment hub, located 25 kilometres from Kerala’s capital Thiruvananthapuram, is ready for operation. Developed by Adani Ports and Logistics, the port’s trial run began in July this year.

IMF) has maintained India’s growth forecast at 7% for FY25, consistent with its July prediction, highlighting that the "pent-up demand" during the pandemic is diminishing as the economy returns to its potential. It is 0.2 percentage points up from the April outlook. For FY26, the forecast stands at 6.5%. The projection is higher compared to both advanced and emerging economies. The global economy is expected to slow to 3.2% in 2024 from 3.3% in the year before.

Third Bridge global head of analysts Peter McNally discusses how the Boeing factory workers strike is impacting business on The Big Money Show.

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.

Railroad Norfolk Southern’s streamlined operations delivered strong earnings last quarter, even excluding boosts from insurance payouts related to the disastrous derailment in East Palestine and the sale of two rail lines

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.

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polymer production capacity could double by 2030, according to government estimates, exceeding 15 million tonnes. The largest new project in the country will be SIBUR’s Amur Gas Chemical Complex, with a production capacity of 2.7 million tonnes of polyethylene and polypropylene per year. Setto launch in 2027, the complex is well positioned to tap into thegrowing potential offered by Asian markets.

Reliance Infrastructure on Tuesday announced the setting up of the largest Integrated project for Manufacturing of Explosives, Ammunition and Small Arms in Ratnagiri, Maharashtra. The company has been allotted 1000 acres of Land in Watad Industrial Area of Ratnagiri, Maharashtra to develop Dhirubhai Ambani Defence City (DADC). DADC will be the largest Greenfield project in the Defence Sector in India by any Private Sector company, Reliance said in a statement.