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PoliticsPhoto: News18 World

Russia Strikes Kharkiv Power Plant After Trump Announces Energy Ceasefire

Russian forces struck Kharkiv’s Thermal Power Plant No. 5 shortly after US President Donald Trump announced an immediate energy ceasefire between Russia and Ukraine on October 11. Ukrainian President Volodymyr Zelenskyy confirmed the strike, emphasizing that any de-escalation must be mutual and backed by credible guarantees. The plant, vital to Kharkiv’s energy system, has been repeatedly targeted in Russia’s campaign against Ukraine’s power grid.

News18 World··Kharkiv

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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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