Security forces shot and killed two terrorists in Anantnag, Jammu and Kashmir, during an encounter that followed an operation aimed at fighting terrorism. This is the fourth such incident in the Kashmir valley since Friday, which also saw two migrant workers getting injured in Budgam.
The financial promises made by the Congress party in Karnataka are causing worries about the state's finances. Chief Minister Siddaramaiah is under pressure as ambitious welfare programs put a strain on resources. Economic signs show a drop in growth rates, falling tax revenue, and decreasing central grants, leading to discussions about whether these commitments can be maintained.
Big tech companies are getting ready to spend more than $200 billion this year on artificial intelligence. Firms like Amazon, Microsoft, Meta, and Alphabet are ramping up their investments, showing they believe AI will be profitable in the long run, despite earlier concerns from Wall Street.
India will need about 10 million new jobs every year from FY25 to FY30 to keep a growth rate of 6.5%, according to a Goldman Sachs report. Key strategies include promoting affordable housing, creating IT hubs in smaller cities, and focusing on labour-intensive manufacturing.
A. O. Smith Corporation has bought Pureit, a water purification brand that was owned by HUL, for ₹601 crore ($72 million). This deal is not expected to affect earnings much in the first year. The acquisition aims to boost A. O. Smith's premium products and improve its online sales.
Diwali celebrations in the United States included President Joe Biden and Vice President Kamala Harris, who emphasized the festival's importance. Before the upcoming presidential elections, Harris shared a video that focused on good triumphing over evil and the value of knowledge. The White House also celebrated Indian-Americans for their contributions to US-India relations.
Amy Landino, a college dropout, now makes over Rs 15 lakh a month from passive income through social media and video creation. After leaving college with $50,000 in debt, she found her passion for creating content, started a successful business, and wrote books, which helped boost her earnings.
Japan's two-year government bond yield reached a 16-year high on Friday as expectations grew for an interest rate hike from the Bank of Japan. The yield rose to 0.47% after the central bank's chief hinted at a possible policy change as soon as December.
TCS has landed a 15-year contract with Ireland's Department of Social Protection to set up an Auto Enrolment Retirement Savings Scheme, helping 800,000 workers. This project will create a digital platform for automatically enrolling and managing pensions.
Bollywood actor Salman Khan received a death threat asking for Rs 2 crore. This threat was reported to the Mumbai Traffic Police, leading to an investigation. Police arrested a 20-year-old man in connection with this case, which is linked to the murder of Baba Siddique, a politician connected to Khan.