Finance ministry estimates India’s Q2 FY27 GDP growth at 7.35%

Economic Times - Oct 29, 2026

The finance ministry’s nowcasting model estimates India’s GDP will grow 7.35% in Q2 FY27, following 7.8% growth in the previous quarter, supported by stronger industrial output, energy consumption, port traffic, GST collections and automobile sales.

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Mumbai Indians part ways with Malinga, Mhambrey and Hopkinson; end of an era for Sri Lankan legend
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Mumbai Indians confirmed the exit of Lasith Malinga, Paras Mhambrey, and Carl Hopkinson from their coaching positions. Malinga, a key player and mentor, inspired many during his time with the franchise. Mhambrey contributed significantly to developing the team's bowling talent and understanding its culture. Hopkinson, who joined recently, helped improve the fielding standards of the team as well.

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Oct 29, 2026
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Army Lieutenant General Brett Sylvia has been relieved of his strategy and planning duties within the Joint Chiefs of Staff. This removal coincides with reports of President Donald Trump contemplating new military strikes against Iran. Defense Secretary Pete Hegseth previously announced significant cuts to military leadership, emphasizing accountability and a shift in military focus.

North Korea fires missile barrage toward the sea as tensions with South rise
Oct 29, 2026
North Korea fires missile barrage toward the sea as tensions with South rise

In a show of defiance, North Korea has test-fired nearly 10 short-range ballistic missiles into the sea off its eastern shores amid rising frictions with South Korea. This move follows North Korea's threats to revive propaganda efforts and introduce new military assets to the region. Kim Jong Un recently strengthened ties with China, highlighting their support amid escalating tensions linked to past border disputes.

Carbelim secures ₹10 crore from IIT Madras Unicorn Frontier Fund
Oct 29, 2026
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Scientists set up 45 artificial ponds near St. Louis and studied them for 7 years; even when ponds got the same species, the order they arrived changed the outcome
Oct 29, 2026
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A recent examination of 45 plastic cattle tanks has shed light on the significant role that species arrival order plays in biodiversity. Tanks with low nutrients exhibited similar communities irrespective of this order, while high nutrient tanks presented diverse variations. This phenomenon, termed the priority effect, has implications for community stability and ecosystem restoration efforts, cautioning restoration ecologists against presuming automatic self-repair in nutrient-rich habitats.

No UP govt job if you back organisations advocating violent 'regime change': New rules explain what could get candidates disqualified
Oct 29, 2026
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The Uttar Pradesh government has tightened character verification rules for direct recruitment to government jobs, making individuals associated with organisations that advocate changing the existing social system through violence ineligible for appointment. The order clarifies that political ideology alone, an FIR or a pending investigation cannot automatically disqualify a candidate.

IMF proposes China’s Min Liao as deputy managing director, Bo Li to exit in November
Oct 29, 2026
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Jensen Huang lists three countries that may lead manufacturing and advanced technology, and neither US or India are in that list
Oct 29, 2026
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Nvidia CEO Jensen Huang has named Germany, Japan and China as three countries with strong positions in advanced manufacturing, citing China’s integration of computing and industrial production. He also said US export restrictions had accelerated China’s semiconductor ambitions, while maintaining that American technology companies were prepared to compete globally.

Dean of valuation Aswath Damodaran pegs Anthropic's worth at $1.475 trillion ahead of mega IPO
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China promotes General Zhang Shengmin, a key player in PLA anti-graft drive, to Politburo
Oct 29, 2026
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Beijing has promoted General Zhang Shengmin, the key player in the anti-corruption campaign that has cut deep into the military’s top leadership, to its top decision-making body, the Politburo. Zhang, who was last year promoted to vice-chair of the Central Military Commission (CMC), the top command body, was the military’s anti-corruption chief from 2018 until July this year, and is the top enforcer in Beijing’s fight against corruption in the People’s Liberation Army (PLA). That drive left the...

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What are Southeast Asian nations doing to help the United States tackle its challenges? A reporter with the American right-wing organisation Turning Point USA put the question bluntly to US President Donald Trump’s defence chief this week in the Philippines. As US Defence Secretary Pete Hegseth pitched closer naval ties and maritime security cooperation at a gathering of defence ministers from the Association of Southeast Asian Nations (Asean) and other regional powers, the question injected...

Abolish LTCG, rationalise STCG, STT rates on equities: PHDCCI to Finance Ministry
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Abolish LTCG, rationalise STCG, STT rates on equities: PHDCCI to Finance Ministry

PHDCCI has recommended abolishing Long Term Capital Gains tax and modifying short-term capital gains taxes. The chamber suggests increasing the holding period for long-term investments to attract genuine investors. It emphasizes that current tax structures discourage investment due to double taxation on equities. Foreign Portfolio Investors have withdrawn significant funds from Indian equities, impacting investment levels. Government analysis of these recommendations may lead to changes in tax policy and structure.

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