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PoliticsPhoto: Times of India

Iran Says US Response to Hormuz Proposal Insufficient

Iran's Supreme National Security Council secretary Mohsen Rezaei stated that the US response to Tehran's seven-day plan to reopen the Strait of Hormuz and resume nuclear talks was insufficient. Foreign Minister Seyyed Abbas Araghchi confirmed ongoing negotiations with messages exchanged via mediators. Meanwhile, Washington is reportedly preparing military options amid rising tensions.

Times of India·

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BusinessPhoto: TOI Business

Foreign Investors Withdraw Rs 44,166 Crore in October

Foreign portfolio investors have pulled out Rs 44,166 crore from Indian equities in October, pushing total outflows in 2026 beyond Rs 3 lakh crore. Factors like high crude oil prices, a stronger US dollar, and rising US bond yields have dampened investor sentiment. Meanwhile, AI-driven rallies in North Asian markets are attracting increased foreign capital.

TOI Business·

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BusinessPhoto: TOI Business

India's Festive Smartphone Sales Volume to Decline 12%

India's smartphone market is expected to see a 12% decline in sales volume this festive season, while the overall market value is projected to grow by 5%. This trend reflects a shift towards more expensive devices and longer replacement cycles, according to Counterpoint Research.

TOI Business·

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PoliticsPhoto: Deccan Herald

Kumaraswamy Accuses CM Shivakumar of Meeting Sting Operation Figure

Union Minister H D Kumaraswamy accused Karnataka Chief Minister D K Shivakumar of holding a lengthy private meeting with a person allegedly involved in sting operations at a Bengaluru five-star hotel. Kumaraswamy demanded answers about the person's identity, their relationship with the CM, and the targets of these operations. He also said Shivakumar warned five Cabinet colleagues about being targeted.

Deccan Herald··Bengaluru

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PoliticsPhoto: Deccan Herald

Karnataka to Offer Paid Consultancy on Governance Models to Other States

Karnataka plans to provide consultancy services to other states for a fee, sharing its technology-based governance models to support less-developed regions. The state will offer seven innovations including FRUITS, ULMS, Kutumba Family ID, Bapuji Seva Kendra, Panchatantra 2.0, AI-enabled KEO PC, and the Elevate startup grants program. Minister Priyank Kharge emphasized Karnataka's advanced e-Governance systems and aims to help other states avoid the learning curve.

Deccan Herald··Bengaluru

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BusinessPhoto: TOI Business

Rupee Set for Sharp Gain Amid RBI's Forex Measures

Forex dealers predict the rupee will see its sharpest recent gain against the dollar due to RBI's aggressive anti-speculation measures. However, these actions may cause a market freeze by choking interbank liquidity and hindering legitimate market-making, which could inadvertently penalize genuine corporate hedgers and reduce forex liquidity.

TOI Business·

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