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OCTOBER 2023 ECONOMIC NEWS
Myanmar overtakes Afghanistan as top illicit opium source; NCB flags India riskMyanmar has become the world's top source of illicit opium, surpassing Afghanistan due to its ongoing civil war and economic crisis. This s...- Ashok Vaswani to step down as Kotak Mahindra Bank MD & CEO; bank begins search for successorIn a surprising announcement, Ashok Vaswani, CEO and Managing Director at Kotak Mahindra Bank, has decided to step down on December 31, 202...
- Manipur CM says drug trafficking routes have changed after 2023 crisis, largely diverting through MizoramManipur Chief Minister Yumnam Khemchand Singh revealed that drug trafficking routes have shifted significantly post-2023 crisis, largely di...
- OpenAI weighs IPO in 2027 after expected Anthropic public debutAI giant OpenAI is reportedly eyeing a 2027 initial public offering, potentially after rival Anthropic. Both companies have confidentially ...
- Wawrinka announces farewell fete with Federer and MurrayTennis icon Stan Wawrinka is bidding farewell to the sport after a stellar two-decade career. The 41-year-old Swiss star announced a specia...
- This ‘dinosaur tree', which survived for 90 million years was found growing in a hidden canyon in AustraliaDinosaur tree found in Australia: A 'living fossil,' the Wollemi pine, once thought extinct, was rediscovered in Australia in 1994. This an...
- US-Iran agree to setup direct channel with IRGC to de-escalate conflict, says VP VanceUS Vice President JD Vance confirmed a direct deconfliction channel between US and Iran military representatives, including the IRGC and CE...
- Venezuela to tap IMF reserve assets for quake reconstruction, Bloomberg News reportsVenezuela is planning to utilize $200 million from its $4.5 billion IMF Special Drawing Rights (SDRs) to fund reconstruction efforts follow...
- How a Gujarat car owner claimed Rs 1.25 lakh insurance without any proof of accident?A Surat car owner received Rs 1.25 lakh from ICICI Lombard after a consumer commission ruled the undisputed car damage warranted compensati...
- Russia and India working on increasing bilateral trade volumes: Kremlin spokesmanRussia and India are actively boosting bilateral trade, aiming for a $100 billion target by 2030, up from the current $60 billion. Kremlin ...
- Premier says China's tech advancements an 'opportunity' for world, not threatChina's Premier Li Qiang has countered global concerns about the nation's technological surge, framing it as a worldwide opportunity, not a...
- MoSPI releases discussion paper to identify apt method to compile coal monetary asset accountsIndia's Ministry of Statistics has released a discussion paper on valuing coal assets monetarily, aligning with UN environmental accounting...
- AAP MLA Chaitar Vasava sentenced to seven years in assault, extortion case involving forest officialsA significant blow to the Aam Aadmi Party in Gujarat, Dediapada MLA Chaitar Vasava and eight others, including his wife, have been sentence...
- Banned Tennis player Vondrousova insists she has 'never doped'Former Wimbledon champion Marketa Vondrousova insisted she "never doped" after an anti-doping watchdog had banned her from tennis for four ...
- Gujarat: AAP MLA Vasava, 8 others get 7 years in jail for assaulting forest officials, extortionAam Aadmi Party MLA Chaitar Vasava and eight others, including his wife, have been sentenced to seven years in prison by a Rajpipla court. ...
- US opens probe into fatal Tesla crash into Texas homeA US agency is probing a fatal Tesla crash in Texas where an elderly woman died. The vehicle reportedly used advanced driver assistance sys...
- Alan Greenspan, longtime Fed chair who shaped US economic policy for nearly two decades, dies at 100Former Federal Reserve Chairman Alan Greenspan, a towering figure in American economic policy, has passed away at 100. He guided the nation...
- Israeli fire kills nine people in Gaza, including a child and journalist, medics sayIsraeli strikes in Gaza on Saturday claimed at least nine lives, including a child and Al Jazeera cameraman Ahmed Wishah. Health officials ...
- Meet Ginevra Giambruno, Italian Prime Minister Giorgia Meloni's daughter who stole the spotlight at the G7 SummitItalian Prime Minister Giorgia Meloni's daughter, Ginevra, garnered attention at the G7 Summit. The nine-year-old was seen accompanying her...
- Benjamin Netanyahu, Israel's arch-survivor, set to face voter fury over Iran dealBenjamin Netanyahu's grip on power is weakening. Facing corruption charges and criticism over security lapses, he now confronts voters' jud...
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