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The Latest Breaking News from The Economic Times

IMF edges up 2026 global growth forecast to 3.1% but warns economy is ‘vulnerable to setbacks from both directions’

The International Monetary Fund has updated its global growth forecast for 2026 to 3.1 percent. Concerns remain about the economy's resilience amidst geopolitical tensions and depleting oil inventories. Advanced economies are projected to grow more slowly, while emerging markets may face slowdowns. Inflation is expected to remain high, impacting consumer…

The Economic Times · Oct 13

HD Fire Protect IPO opens for subscription; GMP signals 30% listing gains, key details inside

The Rs 712.31-crore HD Fire Protect IPO is entirely an offer for sale (OFS) of 2.63 crore equity shares. As the issue comprises only an OFS, the company will not receive any proceeds from the offering. Instead, the entire amount raised will go to the selling shareholders.

The Economic Times · Oct 13

Trump says Houthis 'misbehaving very badly' amid attacks on Saudi Arabia

US President Donald Trump condemned the Houthi rebels for their recent attacks on Saudi Arabian targets. He stated that the Houthis are misbehaving, and Washington may consider military actions alongside Saudi Arabia. The Houthi militia has targeted key airports, leading to deadly incidents in the past week. Regional diplomatic efforts…

The Economic Times · Oct 13

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RJ Mitte cause of death: Breaking Bad actor who played Walter White’s son dies at 34; reason behind his death

RJ Mitte death reason: Breaking Bad actor RJ Mitte, who played Walter White Jr., has died in Texas at the age of 34. A county official told TMZ the death was a suicide, and law enforcement said the investigation is ongoing. His representatives called him a beloved actor and disability…

The Economic Times · Oct 13

Oil Price Today (October 13): Crude oil falls to $105 as traders assess Russian supply, Mideast attacks. What’s next?

Brent crude futures fell 61 cents, or 1.05%, to $105 a barrel, while US West Texas Intermediate crude futures declined 92 cents, or 1.05%, to $93 a barrel. Brent settled at $106.65 a barrel on Monday, its highest level since September 15. Oil prices have surged more than 70% this…

The Economic Times · Oct 13

Sarvam plans big fundraise; HCLTech's Q2 profit jumps

Happy Tuesday! Sarvam is in talks for a big round that could double its valuation to $3 billion. This and more in today’s ETtech Morning Dispatch.

The Economic Times · Oct 13

Dollar holds near 18-month high as geopolitical risks rise

The US dollar index remains at a steady 102.56, influenced by a holiday impacting some markets. Tensions escalate amid fresh assaults on energy facilities in the Middle East and Ukraine, enhancing the dollar's strength against major currencies. The euro and British pound show resilience despite shifting market dynamics, while cryptocurrencies…

The Economic Times · Oct 13

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Gold subdued with spotlight on US inflation data

Gold prices have seen a slight retreat as investors brace for key US inflation figures that could sway interest rates. The robust US dollar further complicates matters, making gold pricier for overseas buyers. While the Federal Reserve is poised to maintain current rates this month, market watchers are speculating on…

The Economic Times · Oct 13

IMF sees India bucking global slowdown, raises 2026 growth forecast to 7%

IMF has increased India's growth forecast for 2026 due to stronger-than-expected economic momentum. Resilient domestic demand and robust services activity have contributed significantly to this revision. Higher global oil prices have impacted several economies, but India remains an exception. Other major agencies like the World Bank have also raised their…

The Economic Times · Oct 13

Oil ticks lower as Russia diesel supply prospects counter Gulf supply risks

Oil prices dipped following a prior rise, with Brent crude futures down by 61 cents per barrel. Traders weighed supply risks stemming from recent assaults in Saudi Arabia and the potential increase of Russian diesel imports. Ongoing concerns about the robustness of Gulf energy infrastructure arose after strikes near vital…

The Economic Times · Oct 13

Actor Selma Blair arrested in New York after an alleged assault on a Delta flight

Selma Blair was arrested after being accused of injuring two flight attendants on a Delta Air Lines flight. The incident occurred while the flight was landing at John F. Kennedy International Airport in New York. Blair reportedly suffered a medical emergency that contributed to her conduct during the flight. Following…

The Economic Times · Oct 13

President Murmu appoints six Governors in major reshuffle

President Droupadi Murmu appointed four new Governors for the states of Karnataka, Uttarakhand, Odisha, and Sikkim. Om Prakash Mathur has been reassigned as Governor of Keralam while Rajendra Vishwanath Arlekar is now Governor of Tamil Nadu. Sudha Yadav, an OBC leader, will head Karnataka after her tenure in the Lok…

The Economic Times · Oct 13

'We are going to see': Trump on Iran's alleged link in UK's RAF Fairford incident

Donald Trump stated that the United States is evaluating potential actions against Iran amid recent allegations. The UK government and allied nations condemned Iran's purported hostile activities and attributed involvement in an incident. Joint statements emphasized the need to address Iran's use of covert networks and proxy actors for destabilization.…

The Economic Times · Oct 13

Saudi warning system stayed silent before deadly airport attacks

Saudi Arabia stopped issuing public warnings of incoming attacks days before a series of strikes on Riyadh airport killed at least 18 people and injured more than 300, raising concerns about public safety and the kingdom’s ability to defend key sites.

The Economic Times · Oct 13

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The Economic Times · Oct 13

RBI tightens rules on rupee non-deliverable contracts, widens 20% cash reserve requirement

The Reserve Bank of India on Monday tightened rules on rupee non-deliverable derivative contracts, limiting overseas clients to using them only for hedging, and widened a 20% cash reserve requirement to banks' own rupee currency hedges.

The Economic Times · Oct 13

NYT, AFP, The Economist join 40+ publishers to stop AI firms monetising content without permission

Over 40 publishers have united in the SPUR coalition to protect their content from unauthorized AI usage. This initiative includes prominent outlets like The New York Times and the Financial Times. Recent legal actions have aimed at stopping AI companies from using copyrighted materials for training purposes. SPUR is also…

The Economic Times · Oct 13

'Breaking Bad' actor and disability rights activist RJ Mitte dead at 34

RJ Mitte, best known for portraying Walter White Jr. in 'Breaking Bad', has passed away at 34. His role drew from his personal experiences with cerebral palsy, which he advocated for extensively. Mitte also acted in the 2021 film 'Triumph', showcasing a high school wrestler with disabilities. His death, confirmed…

The Economic Times · Oct 13

Rahul Gandhi to host high tea for INDIA bloc MPs, civil society members, student organisations on Tuesday

Rahul Gandhi has invited INDIA bloc MPs, civil society members, and student organizations for high tea. This event is scheduled to take place at his residence on Tuesday, 13th October. A joint press conference of INDIA leaders will occur in the afternoon preceding the tea event. The invitation follows a…

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The Economic Times · Oct 13

Harvard Club of India clarifies on Delhi protest statement: ‘Personal expression is not institutional representation’

Harvard Club of India clarified its position regarding recent protests in New Delhi and related police actions. An Executive Committee member stated that any released statements do not reflect the Club's official views. The Club emphasized that its charter prohibits political statements on behalf of Harvard University alumni. Individual expressions…

The Economic Times · Oct 13

VRS offer in hand? Check these tax rules before you accept the package

Contemplating a Voluntary Retirement Scheme (VRS)? Prior to making your decision, it’s crucial to analyze the overall financial implications, including taxation aspects and the treatment of different package components. Be clear on the eligibility for tax breaks and ensure that your financial security after retirement is adequately planned.

The Economic Times · Oct 13

Indian, US and Chinese firms show interest in Peru's $844 million port project

Investors from the United States, China, and India have shown interest in a new port project in southern Peru. This port, expected to cost approximately $844 million, aims to accommodate large vessels for international shipping. Regional officials confirmed that multiple companies are exploring partnership opportunities for the project. A timeline…

The Economic Times · Oct 13

Global Market Today: Asian shares slide as chip stocks tumble; investors eye US earnings, CPI

The MSCI Asia Pacific Index declined 0.3% with equities in South Korea slipping over 3%. That came after a US gauge of chipmakers fell 2.7% Monday, while the Nasdaq 100 Index lost 0.7%.

The Economic Times · Oct 13

Stocks in news: HCL Tech, RBL Bank, Nazara Tech, Hero Motors, Power Grid and IRCON

Indian stock markets struggled on Monday, as the Nifty 50 saw a considerable drop. The falls were attributed to increasing bond yields, consistent outflows from foreign institutional investors, and pervasive global concerns. Attention now shifts to forthcoming announcements from major players like HCL Technologies and RBL Bank, with quarterly earnings…

The Economic Times · Oct 13

D-Street poised for positive start as GIFT Nifty signals gains

Benchmark Nifty encountered a decline of 0.7% on Monday, driven by growing geopolitical tensions. Market analysts foresee a cautious atmosphere in India, primarily due to volatile crude oil prices and the crisis in West Asia. Foreign portfolio investors exited the market, selling shares worth Rs 1,708 crore, whereas domestic institutional…

The Economic Times · Oct 13

US Stock Market today: Reasons behind S&P 500, Nasdaq fall in Wall Street, top, worst performing sectors, stocks

US Stock Market update: Micron Technology fell 3.9 per cent, Advanced Micro Devices dropped 2.3 per cent, Broadcom slid 1.9 per cent and Nvidia gave up 1.3 per cent.

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