US Senate votes to end longest government shutdown
The US Senate, the upper house of the United States Congress, has now voted to end the US government shutdown. As a result of a bipartisan effort, the Senate voted with a 60-40 majority to break the gridlock.
BBC boss and head of news quit after criticism of Trump documentary edit
The BBC’s boss and its head of news quit on Sunday following accusations of bias at the British broadcaster, including in the way it edited a speech by US President Donald Trump. The BBC had been under mounting pressure after an internal report by a former standards adviser was leaked to the Daily Telegraph newspaper which cited failings in its coverage of the Israel-Hamas war, transgender issues and a speech made by Trump.
Goldman Sachs upgrades India to ‘overweight’, sets Nifty 50 target at 29,000
Brokerage firm Goldman Sachs has upgraded India to “overweight” on Monday, November 10, over a year after downgrading its view to “neutral” back in October 2024. The brokerage has set the Nifty 50 target at 29,000 by the end of December 2026, which implies a potential upside of 14% from Friday’s closing levels.
India’s trade odyssey: Navigating FTAs and charting future waters
When considering India’s free trade agreements, it is evident that although the country’s exports have grown by about 31%, its imports have soared by over 82%, and even the FTA usage rate is quite low, at only 25%, compared to the 70–80% range in wealthy countries, experts say.
Lenskart shares make a quiet debut, list at a 3% discount to issue price
Shares of Lenskart Solutions made their much-anticipated debut on Dalal Street at a discount of 3% to the issue price on Monday, November 10, marking a subdued market debut for the eyewear retailer amid concerns over stretched valuations. The stock opened at ₹395 on the National Stock Exchange (NSE).
Trent shares fall over 6% after Q2 results trigger downgrades, target cuts
Shares of Tata Group company Trent Ltd. are trading with losses of over 6% on Monday, November 10, after the company reported its September quarter results. Trent’s revenue growth remained soft in the quarter, as per its second quarter update. Trent’s reported EBITDA rose 26.5%, while operating EBITDA grew 14% year-on-year.
Gold to remain in corrective phase ahead of crucial US, China macrodata: Analysts
Gold prices are expected to remain in a corrective phase in the coming week ahead of the crucial US inflation data, continuing uncertainties over trade tariffs and key economic numbers from China, analysts said. Traders will also closely watch comments from US Federal Reserve officials for clarity on the monetary policy outlook.
CBDT issues new rules for income tax refund corrections: What it means for you
The Central Board of Direct Taxes (CBDT) has notified a new framework to streamline the rectification of tax return errors and issuance of refunds under the Income Tax Act, 1961. The move is expected to simplify the correction of mistakes related to tax computation, prepaid tax credit, or refund processing for individual taxpayers.
Govt earned nearly ₹4100 crore by disposing of scrap from offices in five years
Union Minister Jitendra Singh shared that the government has earned nearly ₹4100 crore in the last five years from the disposal of scrap, including electronic items, from various central government offices as part of its cleanliness campaign.
Heavy rains predicted in Tamil Nadu, Kerala; cold wave conditions in central and eastern India
The India Meteorological Department (IMD) has predicted a cold wave in the northern and central parts of the country and rainfall and thunderstorms in southern states. According to the latest bulletin, Tamil Nadu and Kerala are expected to witness rain and thunderstorms on Monday.
CII proposes India Development and Strategic Fund to boost long-term growth and economic resilience
The Confederation of Indian Industry (CII) has proposed the creation of a sovereign-backed, professionally managed India Development and Strategic Fund (IDSF) to finance India’s long-term growth and global economic security. Conceived as a twin-arm national fund, the proposed institution is aimed at mobilising patient, long-horizon capital to build India’s productive capacity at home and secure critical economic interests abroad.
