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BusinessPhoto: Firstpost Business

Alphabet Shares Drop 10% After Missing Profit Estimates Due to AI Costs

Alphabet, Google's parent company, saw its shares fall over 10% after missing Wall Street's Q3 profit and revenue estimates. Heavy AI investments pushed free cash flow to a negative $9.07 billion, worsening from $5.9 billion last quarter. CEO Sundar Pichai highlighted a $500 billion annual revenue run rate and 25% year-on-year growth, with the highest Search query growth in five years. CFO Anat Ashkenazi indicated increased capital expenditure in 2027.

Firstpost Business·

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HealthPhoto: Mint

Screwworm Detected in Arizona for First Time Amid Outbreak

The New World screwworm parasite was detected for the first time in Arizona, found in a dog in Cochise County, according to the US Department of Agriculture. Since June, 71 cases have been reported in the US, mostly in Texas and New Mexico. The parasite, which burrows into animal wounds, poses a threat to livestock and wildlife, raising concerns among ranchers as cattle shipments from Mexico resume.

Mint··Cochise County

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PoliticsPhoto: News18 World

US Vice President Vance Seeks to Revive Iran Peace Talks Before Midterms

US Vice President JD Vance wrote to Iran’s security chief Mohsen Rezaei to revive peace talks and prevent a new US military offensive, directed by President Trump. The communication aimed to establish a negotiation framework amid stalled talks and concerns over renewed hostilities. The US also warned Gulf countries to prepare for a possible military campaign after November 3 midterms, though no final decision was made.

News18 World·

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BusinessPhoto: Amar Business

Jio IPO: Akash Ambani Outlines AI, Cloud, Space Tech Plans

At Jio Platforms' IPO listing, Managing Director Akash Ambani shared plans for the next decade focusing on AI, cloud computing, connected devices, and space-based connectivity. The IPO was fully subscribed in 95 minutes, the fastest for India, with demand exceeding ₹7.5 lakh crore and participation from over 13 crore Indians. Ambani emphasized creating value for customers and protecting investor wealth as the company grows.

Amar Business·

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PoliticsPhoto: Amar Ujala

Cabinet Approves PM Gram Swaraj Scheme with ₹7,395 Crore Funding

The Union Cabinet approved the Prime Minister's Developed Gram Swaraj Scheme (PMVGSY) with a budget of ₹7,395 crore to strengthen institutional capacity and governance at the local level. The scheme, chaired by PM Narendra Modi, will run from 2026-27 to 2030-31, benefiting over 2.55 lakh panchayats and around 32 lakh elected representatives and stakeholders. The central government will contribute ₹4,869 crore, and states ₹2,526 crore.

Amar Ujala·

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SportsPhoto: News18Hi Sports

Kashvi KandiKuppa Becomes Youngest WPL Contract Player

At the 2027 Women's Premier League auction, Uma Kashvi became the youngest female cricketer to secure a WPL contract when Delhi Capitals bid for her. She was bought at a base price of 10 lakh rupees. Kashvi's record-breaking contract highlights her early entry into professional women's cricket, surpassing Vaibhav Suryavanshi's age milestone.

News18Hi Sports·

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