Iranian fishermen searching for fish find floating iPhones, luxury perfumes in Hormuz

Economic Times - Oct 17, 2026

A cargo vessel’s sinking in the Strait of Hormuz has left questions over maritime safety after Iranian fishermen recovered goods from the surrounding waters. All 21 crew members of the GFS Pride escaped, but competing explanations for the incident, including a mine or a possible missile or drone strike, remain unconfirmed.

Read full article
More News
DPCC floats tenders for pollution-control technologies at 40 Delhi sites
Oct 17, 2026
DPCC floats tenders for pollution-control technologies at 40 Delhi sites

The Delhi Pollution Control Committee has invited e-tenders to address air pollution at 40 identified sites. This initiative includes a budget of Rs 104 crore to monitor outdoor air quality effectively. The contract will be divided into 40 separate schedules, and bids will open on October 6. Eligible bidders must meet specific financial and experience criteria, with relaxed rules for registered startups.

Cockroach Janta Party chief Abhijit Dipke granted bail subject to conditions, says Delhi Police
Oct 17, 2026
Cockroach Janta Party chief Abhijit Dipke granted bail subject to conditions, says Delhi Police

Cockroach Janta Party (CJP) founder Abhijit Dipke has been granted bail subject to certain conditions, Delhi Police said on Saturday. He was arrested on Friday ahead of the party’s proposed ‘Lehra Do Tiranga’ rally at Central Park in Connaught Place, Delhi. Dipke will be released after signing a peace bond.

Former NHB chairman Raj Vikash Verma passes away at 72; pioneered mortgage guarantee in India
Oct 17, 2026
Former NHB chairman Raj Vikash Verma passes away at 72; pioneered mortgage guarantee in India

Raj Vikash Verma, a leading figure in the financial sector, passed away at the age of 72. He played a crucial role in advancing housing finance and mortgage markets in India. Verma served as the chairman of the National Housing Bank and oversaw many key initiatives in the sector. His work laid the foundation for mortgage-backed securitization and affordable housing programs.

Former NHB chairman Raj Vikash Verma passes away at 72; pioneered mortgage guarantee in India
Oct 17, 2026
Former NHB chairman Raj Vikash Verma passes away at 72; pioneered mortgage guarantee in India

Raj Vikash Verma, a leading figure in the financial sector, passed away at the age of 72. He played a crucial role in advancing housing finance and mortgage markets in India. Verma served as the chairman of the National Housing Bank and oversaw many key initiatives in the sector. His work laid the foundation for mortgage-backed securitization and affordable housing programs.

'External forces created uncertainty': CJI Surya Kant says NLSIU Convocation might not have happened
Oct 17, 2026
'External forces created uncertainty': CJI Surya Kant says NLSIU Convocation might not have happened

Chief Justice of India (CJI) and Chancellor of the National Law School of India University (NLSIU), Justice Surya Kant, on Saturday said that “unexpected and unfortunate circumstances” driven by “certain external forces” had created uncertainty over the 34th annual convocation, adding that for a while, it seemed the occasion might not take place as hoped.

'External forces created uncertainty': CJI Surya Kant says NLSIU Convocation might not have happened
Oct 17, 2026
'External forces created uncertainty': CJI Surya Kant says NLSIU Convocation might not have happened

Chief Justice of India (CJI) and Chancellor of the National Law School of India University (NLSIU), Justice Surya Kant, on Saturday said that “unexpected and unfortunate circumstances” driven by “certain external forces” had created uncertainty over the 34th annual convocation, adding that for a while, it seemed the occasion might not take place as hoped.

DMK MPs meet demands for CEC's removal over SIR row
Oct 17, 2026
DMK MPs meet demands for CEC's removal over SIR row

The DMK parliamentary party meeting under M K Stalin adopted resolutions against Chief Election Commissioner Gyanesh Kumar. The party claims the Special Intensive Revision process disenfranchised genuine voters and demanded a thorough inquiry. MPs will submit a memorandum to the President of India for scrapping the SIR process. They support ongoing youth movements protesting election discrepancies and criticize Congress and TVK for their double standards.

Expired food probe: Maharashtra suspends five Reliance, Eternal entities; Blinkit CEO named
Oct 17, 2026
Expired food probe: Maharashtra suspends five Reliance, Eternal entities; Blinkit CEO named

Maharashtra’s food safety agency has intensified scrutiny of food disposal practices after finding alleged gaps in contractors’ handling of expired products.

Rising borrowing costs signal funding risks for global AI expansion: Jefferies report
Oct 17, 2026
Rising borrowing costs signal funding risks for global AI expansion: Jefferies report

As the financial markets grapple with emerging pressures, substantial investments in artificial intelligence infrastructure are evident. Companies like Oracle and CoreWeave are facing heightened credit risk, indicating struggles with borrowing amidst rising financing costs. Investors need to keep a close eye on credit spreads to gauge the viability of AI project funding.

AI race may depend more on access to power, infrastructure than chip supply: Morgan Stanley
Oct 17, 2026
AI race may depend more on access to power, infrastructure than chip supply: Morgan Stanley

According to Morgan Stanley's latest analysis, the burgeoning AI infrastructure market is on track to experience a dire electricity shortfall by 2028. This impending shortage poses a serious risk for smaller enterprises striving to keep pace with their larger counterparts. A predicted 32-gigawatt power deficit threatens data-center development and chip deployment. While global strategies might be an option for some, the internal power dilemmas in the U.S. will persist.

Haryana: Farmers block highway at Ambala over paddy-procurement restrictions
Oct 17, 2026
Haryana: Farmers block highway at Ambala over paddy-procurement restrictions

Farmers organized a protest on the Ambala-Hisar highway regarding paddy procurement issues on Saturday. They demanded an increase in the procurement limit from 26.26 quintals to 32 quintals per acre. Farmers also requested expedited verification of their crops through the required online portal, which affects their sales. Police diverted traffic as farmers maintained their blockade to voice these concerns.

Haryana: Farmers block highway at Ambala over paddy-procurement restrictions
Oct 17, 2026
Haryana: Farmers block highway at Ambala over paddy-procurement restrictions

Farmers organized a protest on the Ambala-Hisar highway regarding paddy procurement issues on Saturday. They demanded an increase in the procurement limit from 26.26 quintals to 32 quintals per acre. Farmers also requested expedited verification of their crops through the required online portal, which affects their sales. Police diverted traffic as farmers maintained their blockade to voice these concerns.

Recommended
Copyright © 2015 - 2026 The Financial Capital.

All Rights Reserved.

Subscribe Now!

About Us

The Financial Capital is your independent source for finance information and advice. We provide insights and offer advice from financial experts so you can make the best decisions.