Weekly News Platter
The Economic Times

Weekly News Platter

11 Oct, 2025, 05:28PM IST, PTI
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In case you had a busy week, these are the top stories you need to get caught up to speed...
India declares three cough syrups toxic after child deathsIndia declares three cough syrups toxic after child deaths
India has declared three cough syrups toxic. Seventeen children have died in the past month. All deaths are linked to Coldrif. Regulators also advise avoiding Respifresh TR and ReLife. None of the syrups were exported. The World Health Organization warned of risks through unregulated channels. Coldrif contained high levels of diethylene glycol. The owner of Sresan Pharmaceutical Manufacturer was arrested. Read more
A year after Ratan Tata’s death: Legacy, leadership & turmoil at Tata groupA year after Ratan Tata’s death: Legacy, leadership & turmoil at Tata group
One year after Ratan Tata's passing, his legacy as a visionary leader and philanthropist is celebrated. However, the Tata Group faces internal turmoil within Tata Trusts, impacting the $180 billion conglomerate. Tata's leadership transformed the group, venturing into new sectors and expanding globally. Read more
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Cheap crude likely to unearth jackpot for govt next yearCheap crude likely to unearth jackpot for govt next year
A projected crude oil price drop in 2026 offers India a fiscal opportunity. Experts suggest the government could raise fuel taxes for revenue or lower pump prices to curb inflation, following significant savings on imports. This potential windfall supports the government's fiscal correction and development agenda. Read more
Trump threatens China with 'massive hike in tariffs' over Beijing's recent export policy, rare earth controlsTrump threatens China with 'massive hike in tariffs' over Beijing's recent export policy, rare earth controls
President Trump denounced China's new export policy, which imposes additional port fees on US shipments, as "trade hostility." He stated that China's actions, including potential export controls on rare earths, aim to "clog" global markets and harm other nations. Trump indicated the US possesses stronger monopoly positions and is considering significant tariff increases on Chinese products in response. Read more
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US SEC says India yet to serve summons to Gautam Adani and Sagar Adani in bribery indictmentUS SEC says India yet to serve summons to Gautam Adani and Sagar Adani in bribery indictment
American regulators are facing delays in serving legal papers to Adani Group executives. The U.S. Securities and Exchange Commission has informed a New York court that Indian authorities have not yet acted on its requests. These documents relate to allegations of securities fraud and a bribery scheme. The SEC continues to pursue service through international channels. Read more
Trump announces Israel-Hamas ceasefire deal, hails 'historic' step towards Gaza peaceTrump announces Israel-Hamas ceasefire deal, hails 'historic' step towards Gaza peace
A significant ceasefire and hostage release deal for Gaza has been announced by U.S. President Donald Trump, marking a potential end to the two-year conflict. Both Israel and Hamas have reportedly agreed to the initial phase of Trump's peace plan, which includes the release of all hostages and Israeli troop withdrawal. Read more
$100,000 H-1B visa fees are a distraction from real reform$100,000 H-1B visa fees are a distraction from real reform
The U.S. faces rising global competition in science and technology, but a new White House plan to impose a $100,000 fee on H-1B visas has drawn criticism for discouraging skilled immigration and investment. The administration says the fee targets program abuse, yet experts warn it risks harming innovation. Read more
RBI unveils four digital payments initiativesRBI unveils four digital payments initiatives
The RBI has launched four digital payment initiatives at the Global Fintech Fest to enhance customer convenience. These include AI-based UPI HELP for payment assistance and dispute resolution, and IoT Payments for transactions from connected devices. Additionally, 'Banking Connect' offers interoperable net banking, and 'UPI Reserve Pay' allows users to manage credit limits for specific purposes. Read more
India proposes to open up power retail sector to private cos, draft bill showsIndia proposes to open up power retail sector to private cos, draft bill shows
The move will allow private companies such as Adani Power, Tata Power, Torrent Power and CESC to strengthen their presence in the country. Read more
UK PM Keir Starmer announces opening of nine British university campuses in IndiaUK PM Keir Starmer announces opening of nine British university campuses in India
British universities will soon open nine campuses in India. This initiative aims to boost educational collaboration between the UK and India. Prime Minister Keir Starmer announced the plans during his visit to Mumbai. The move supports the UK-India Free Trade Agreement. It will foster research and academic exchange. This strengthens the partnership between the two nations. Read more
China seeks India's assurance on no heavy rare earths diversion to USChina seeks India's assurance on no heavy rare earths diversion to US
China demands assurances from India regarding heavy rare earth magnets. These critical components will only be shipped if India guarantees they will not be sent to US. Indian firms have provided end-user certificates. China controls a vast majority of global production and seeks leverage in trade talks. This situation impacts India's electric vehicle and high-tech industries. Read more
Heyday to dry days at Bira? The bitter brew behind India’s beloved craft beerHeyday to dry days at Bira? The bitter brew behind India’s beloved craft beer
Bira 91, a popular Indian craft beer brand, is navigating a difficult period. A name change led to regulatory issues, halting sales and causing financial strain. Employees have raised concerns about delayed payments and corporate governance. The company is now seeking new funding to stabilize operations and rebuild trust. Read more
US sanctions over 50 entities, including Indian nationals, for facilitating Iranian energy exportsUS sanctions over 50 entities, including Indian nationals, for facilitating Iranian energy exports
The US Treasury sanctioned over 50 individuals, entities, and vessels for facilitating Iranian oil and LPG sales, including Indian nationals. These actions aim to disrupt Iran's energy export revenue, which funds terrorist groups. The sanctions freeze assets and prohibit transactions involving designated parties. Read more
Nobel Prize 2025 Winners: Here's the full list across all categoriesNobel Prize 2025 Winners: Here's the full list across all categories
The 2025 Nobel Prize announcements began Monday with the medicine award going to Mary Brunkow, Fred Ramsdell, and Shimon Sakaguchi for their discoveries related to the immune system. The prize, officially called the Nobel Prize in Physiology or Medicine, has been presented 115 times to 229 laureates since 1901. Read more
Jaish-e-Mohammed forms women's wing 'Jamaat-ul-Mominaat', appoints Masood Azhar's sister Sadiya as chief: ReportJaish-e-Mohammed forms women's wing 'Jamaat-ul-Mominaat', appoints Masood Azhar's sister Sadiya as chief: Report
Jaish-e-Mohammed has formed a women's wing, Jamaat-ul-Mominaat, led by Sadiya Azhar, to join the Kashmir "freedom struggle." The unit includes a fidayeen squad for suicide missions. The terror outfit is intensifying recruitment, enlisting wives of commanders and economically vulnerable women, and spreading false claims to attract new members. Read more
Mahindra Group weighs major restructuring; may spin off tractors, PVs & trucks into separate entitiesMahindra Group weighs major restructuring; may spin off tractors, PVs & trucks into separate entities
Mahindra & Mahindra is reportedly exploring a significant restructuring, potentially separating its core tractor, passenger vehicle, and truck businesses into independent entities. This move aims to unlock business potential, enhance scalability, and allow for more focused strategies, reflecting a growing emphasis on the automotive segment's stable growth trajectory. Read more
Andhra govt allots 6,000 acres to Bharat Petroleum for ₹1 lakh cr-refinery, gives back 75% capex as sopsAndhra govt allots 6,000 acres to Bharat Petroleum for ₹1 lakh cr-refinery, gives back 75% capex as sops
Andhra Pradesh has allocated 6,000 acres near Ramayyapatnam Port for BPCL's massive Rs 1 lakh crore refinery and petrochemical complex. The state offers significant financial incentives, including a 75% capital expenditure subsidy over 20 years. BPCL plans substantial investments over the next few years, aiming for commercial operations by January 2029. Read more
Venezuela’s Maria Corina Machado dedicates her Nobel Peace Prize to Trump, says 'he supported our cause'Venezuela’s Maria Corina Machado dedicates her Nobel Peace Prize to Trump, says 'he supported our cause'
Venezuelan opposition leader María Corina Machado dedicated her Nobel Peace Prize to Donald Trump, citing his "decisive support" for Venezuela's fight for democracy. Machado expressed confidence in Trump and the US to help achieve freedom. The Nobel Committee honored Machado for her tireless work promoting democratic rights and a peaceful transition from dictatorship. Read more
Deepika Padukone appointed as the first Mental Health Ambassador of the Health MinistryDeepika Padukone appointed as the first Mental Health Ambassador of the Health Ministry
Bollywood actress Deepika Padukone has been appointed as the first-ever Mental Health Ambassador by the Union Ministry of Health & Family Welfare. She expressed her honor and commitment to supporting India's mental well-being initiatives under Prime Minister Narendra Modi's leadership. This appointment aims to strengthen the nation's mental health framework, raise awareness, and reduce stigma. Read more
Will bring Act to ensure every family in Bihar has a member with government job: Tejashwi YadavWill bring Act to ensure every family in Bihar has a member with government job: Tejashwi Yadav
RJD leader Tejashwi Yadav has pledged that if the INDIA bloc wins the Bihar Assembly elections, they will enact a law within 20 days of forming the government to guarantee at least one government job per family. He highlighted the NDA's failure to provide jobs over two decades and claimed his previous tenure saw five lakh jobs created. Read more

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