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In the US, a record government shutdown is finally set to end as the House passed a temporary funding bill, while American CEOs remain upbeat about their India plans despite trade deal uncertainty.
On the corporate front, Mahindra & Mahindra announced a 50:50 life insurance joint venture with Manulife, and Emirates NBD continues to stay in the race for IDBI Bank even after its big RBL deal. Meanwhile, in a key development, the Mumbai Police EOW found no evidence of wrongdoing by former IndusInd Bank executives in the ₹1,950 crore accounting case.
Elsewhere, DNA tests confirmed Dr Umar Un Nabi’s role in the Red Fort explosion, and all eyes now turn to Bihar as results of the closely contested state elections are due Friday.
Stay with us for all the latest updates and expert takes—there’s plenty to unpack!
One entrepreneur per family: Chandrababu Naidu’s new economic vision for Andhra Pradesh
Andhra Pradesh Chief Minister N Chandrababu Naidu has an ambitious plan to make every household in the state part of India’s digital and entrepreneurial transformation. His new mantra — “one entrepreneur per family” — is designed to democratise opportunity and turn Andhra Pradesh into a hub for Artificial Intelligence (AI) adoption and innovation.
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US House passes spending bill to end record government shutdown
A six-week clash between President Donald Trump and congressional Democrats that disrupted flights across the country and delayed food aid for millions is set to end within hours after the House passed a temporary funding bill.
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American CEOs aren’t slowing India plans despite deal uncertainty, says US–India industry group chief
Even as uncertainty lingers around the India-US trade deal, the mood among American businesses remains upbeat. According to John Chambers, Chairman of the US-India Strategic Partnership Forum (USISPF), and Mukesh Aghi, President and CEO of USISPF, companies are looking well beyond short-term policy developments and continuing to expand their presence in India.
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Mahindra & Mahindra, Manulife sign agreement for 50:50 life insurance JV; Stock in focus
Passenger and Commercial vehicle manufacturer Mahindra & Mahindra (M&M) Ltd. has informed the exchanges on Thursday, November 13, that it has entered into an agreement with Manulife to establish a 50:50 life insurance joint venture (JV).
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Emirates NBD in race for IDBI Bank acquisition despite RBL Bank deal
Emirates NBD remains in the race to acquire IDBI Bank even after announcing a $3 billion deal to purchase a 60% stake in RBL Bank, sources told CNBC-TV18. The Dubai-based lender has not withdrawn from the IDBI Bank acquisition process, the sources said.
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Homebuyers' Money Scam: After ED arrest, Jaypee Infratech MD Manoj Gaur sent to 5-day police custody
The Patiala House Court on Thursday, November 13, sent Jaypee Infratech MD Manoj Gaur to five days in police custody in the homebuyers' money laundering case. The Enforcement Directorate (ED) had arrested Gaur in the morning of November 13, alleging funds misappropriation, and presented him before the Patiala House Court in the evening seeking a seven-day police custody.
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IndusInd Bank case: EOW finds no evidence of criminal conduct by former executives, likely to close probe soon
The Mumbai Police Economic Offences Wing (EOW) has found no evidence of any criminal conduct by former executives of IndusInd Bank in connection with the ₹1,950 crore and ₹258 crore accounting discrepancies that were under scrutiny. EOW sources told CNBC-TV18 that the investigation so far has revealed that the initial ₹1,950 crore figure, which triggered a sharp fall in the bank’s stock earlier this year, was a genuine accounting error and not a case of fund diversion or manipulation.
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Delhi blast: DNA test confirms Dr Umar Un Nabi carried out Red Fort explosion
The DNA test of samples collected from the Red Fort blast site has confirmed that Dr Umar Un Nabi carried out the blast in Delhi on November 10. After the blast, Dr Nabi's leg was stuck between the steering wheel and accelerator. His DNA sample matched with his mother, news agency ANI reported.
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Bihar election results on Nov 14 — Will Nitish secure a record fifth term or Tejashwi steer the wheel
The people of Bihar are awaiting with bated breath the counting of votes on Friday (November 14) for the recently concluded Assembly elections. The result will determine whether JD(U) supremo and Chief Minister Nitish Kumar, the state’s longest-serving leader, secures a record fifth term or if the state is set for a change in government.
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