Adani arm to buy near 47% in ITD Cementation from promoter, to make open offer: Adani Group unit Renew Exim DMCC has announced a definitive agreement to acquire a 46.64 percent equity stake in ITD Cementation India Ltd from Italian-Thai Development Public Company Ltd (ITD) for about Rs 3,204 crore, at Rs 400 per share. The transaction is set to boost Adani’s civil engineering capabilities as it scales up in sectors such as airports, highways, and metro projects.

Premiumisation driving 50% of incremental FMCG sales: Nielsen | The trend of premiumisation in India’s Fast-Moving Consumer Goods (FMCG) sector is far from new, yet it’s evolving at a pace that stands out, especially as urban consumption slows. A recent NielsenIQ report sheds light on the surprising resilience and rapid growth of premium and luxury FMCG products, which continue to expand at a significant rate despite the sector’s challenges.

Honda Cars India recalls over 90,000 cars over fuel pump issue: The top four-wheeler giant Honda has recalled more than 92,500 cars in India. The decision has been taken after witnessing a fault in the fuel pump. The company will kickstart the nationwide inspection drive in a phased manner, starting at the start of November. (AP Photo)

SC eyes AI leap, courts Nvidia for GPUs: NVIDIA, led by Jensen Huang and valued at over $3 trillion due to high demand, is now attracting interest from an unexpected source — the Supreme Court of India. Huang, during his visit to India, CNBC-TV18 learnt had even expressed interest in a tête-à-tête with the Chief Justice of India DY Chandrachud. Due to competing schedules, however, the meeting could not happen. Supreme Court’s interest in GPU is driven by its plans to commission its own fully integrated and intelligent data centre to support the court’s IT needs.

India-EU FTA: India no longer a pushover, says Piyush Goyal: Piyush Goyal, India’s commerce miniser, emphasized the potential for a deeper strategic partnership between India and the European Union (EU), at the 18th Asia Pacific Conference of German Business on Friday in New Delhi. He advocated for mutual respect and understanding in the negotiations of Free Trade Agreement (FTA) between the two sides.

India, Spain PMs to inaugurate Airbus-Tata aircraft unit in Gujarat: Prime Minister Narendra Modi and his Spanish counterpart Pedro Sanchez will inaugurate the Tata Advanced Systems Ltd’s (TASL’s) final assembly line facility for the C295 aircraft in Vadodara on Monday. The manufacturing facility will be inaugurated during Sanchez’s official visit to India from October 27 to 29. This will be the first private sector military aircraft manufacturing facility in India and has been described by the government as a “flagship” ‘Make in India’ initiative in the aerospace sector. (Image: Reuters)

Breakthrough in India, China border dispute, disengagement begins: The Indian and Chinese armies are scheduled to complete the disengagement process in eastern Ladakh’s Depsang and Demchok, by October 28-29. According to Indian Army sources, disengagement started on Tuesday, marking progress at the last two major friction points along the Line of Actual Control (LAC). The move is part of a mutual agreement to revert to the pre-April 2020 positions and prevent further escalation in these sensitive areas.

Maharashtra election seat allocation to see Deora square off with Aaditya Thackeray: Eknath Shinde-led Shiv Sena faction has fielded Milind Deora from Mumbai’s Worli constituency against Shiv Sena (UBT) leader Aaditya Thackeray in the upcoming Assembly election. Deora, who is a Rajya Sabha MP, quit the Congress and joined the Eknath Shinde-led Shiv Sena earlier this year.

The Chicago-based carrier has been trying to expand its profits by investing heavily in roomier seats and growing a network that will excite high-spending travelers, with routes going beyond vacation bread-and-butter destinations and into places like Greenland and Mongolia. (Image: Reuters)

Trump rally at Madison Square Garden begins with vulgar, racist remarks by allies: Republican presidential candidate Donald Trump headlined a rally at New York’s Madison Square Garden on Sunday that began with a series of vulgar and racist remarks by allies of the former president.

Jeff Bezos killed Washington Post endorsement of Kamala Harris: The Washington Post said Friday that it will not endorse a candidate in the presidential election this year — or ever again — breaking decades of tradition and sparking immediate criticism of the decision. But the newspaper also published an article by two staff reporters revealing that editorial page staffers had drafted an endorsement of Democratic nominee Kamala Harris over GOP nominee Donald Trump in the election.

Biden says Musk began career as an illegal worker: President Joe Biden called out Tesla and SpaceX CEO Elon Musk, now a Republican megadonor and Trump campaign surrogate, for hypocrisy on immigration on Saturday, saying Musk launched his long career in the U.S. as an “illegal worker” before becoming the world’s wealthiest man. (Image: Bloomberg)

German minister warns of retaliation if US kicks off trade war: German Finance Minister Christian Lindner on Friday warned that if the U.S. kicked off a trade war with the European Union, there could be retaliation. “Trade controversy sees never winners, only losers,” Lindner told CNBC’s Karen Tso on the sidelines of the International Monetary Fund’s annual meeting in Washington, D.C.

Yen slips as Japan’s ruling party loses snap elections, result clouds BoJ rate hike prospects: The yen touched a three-month low on Monday as Japan’s ruling coalition lost its parliamentary majority and investors figured that would likely slow future interest rate hikes, while the dollar headed for a monthly gain on rising U.S. yields. On the dollar, the yen hit its weakest since late July at 153.3 in early-morning trade and it touched the same milestone at 165.36 to the euro. (Image: Shutterstock)

Deadly Israel strike on journalists in Lebanon draws worldwide condemnation: Three journalists were killed in Lebanon by an Israeli strike on Friday morning, drawing condemnation from rights advocates about the number of reporters who have lost their lives in the region over the past year. The Committee to Protect Journalists (CPJ) said it “strongly condemned” the attack, urging the international community to “stop Israel’s long-standing pattern of impunity in journalist killings”.

Iran plays down Israel strikes, says they caused limited damage: Iran’s military said early Saturday that Israeli strikes on the country targeted military bases in Ilam, Khuzestan and Tehran provinces, causing “limited damage.” The statement from Iran’s armed forces was read aloud on state television, which showed no images of the damage described. Iran’s military claimed its air defences limited the damage done by the strikes, without providing additional evidence. Israel said it launched attacks targeting missile manufacturing plants and other sites in the country.