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New Foreign Car Companies Favor Assembly Over Local Manufacturing in India

VinFast and other new foreign automakers in India are shifting from deep local manufacturing to assembling imported parts. Unlike earlier entrants like Hyundai and Toyota, these companies prefer importing completely knocked-down (CKD) or semi-knocked-down (SKD) kits for assembly to reduce customs duties. This trend reflects changing economics in entering the Indian market rather than a weaker manufacturing commitment.

NDTV Business·2h ago

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Politics

New SNAP Benefits and Eligibility Rules Begin October 2026 in US

Starting October 1, 2026, millions of Americans receiving SNAP benefits will experience updated benefit amounts and changes to eligibility rules. The updates include new income thresholds, deductions, maximum monthly benefits, and asset rules. Additionally, separate Medicaid changes will affect some lawful immigrants, altering their access to benefits under the program.

Economic Times·1h ago

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Politics

Pentagon Boosts Cyber Defense Against Foreign Election Interference

US Defense Secretary Pete Hegseth has ordered Pentagon personnel to use advanced intelligence, cyber, and AI tools to detect and disrupt foreign interference in upcoming US elections. The directive, issued on September 22, includes prioritizing Cyber Command efforts, enhancing intelligence collection on foreign threats, and operating within legal frameworks to protect US democratic systems from ongoing election interference risks.

Mint·54m ago

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Politics

SBI Raises Concerns on FCRA Bill at Parliamentary Committee

The State Bank of India addressed the Joint Parliamentary Committee on the Foreign Contribution (Regulation) Amendment Bill, highlighting issues in handling foreign donations when registrations lapse. SBI officials recommended clear banking procedures for affected organizations. The bill proposes shifting compliance duties to a government authority. Opposition parties criticized it for potentially harming minority groups and NGO foreign funding.

Economic Times·1h ago

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Business

Adani Ports and Rashi Peripherals Among 6 Stock Picks for Wednesday

Domestic equities face correction pressures due to volatile crude prices, US Treasury yields near two-decade highs, and ongoing foreign institutional investor outflows weakening the rupee. Additionally, a record pace of IPO fundraising is absorbing liquidity. Investor risk appetite remains low amid a hawkish global environment and rising chances of further rate hikes later this year. Six stock recommendations for Wednesday include Adani Ports and Rashi Peripherals.

ET Markets·1h ago

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Politics

Man Charged After Remains of Missing Woman Found in Pennsylvania

David Snyder, 39, has been charged with first-degree murder and strangulation after the remains of Kimberly Gsell, missing since September 2019, were found near a creek in Cumberland County, Pennsylvania. Gsell was reported missing in Middlesex Township. Snyder confessed to the killing following the discovery on September 25. Forensic tests confirmed the identity using dental records and Rapid DNA technology.

HT World·59m ago·Middlesex Township

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