Tue Oct 29 03:32:01 UTC 2024: ## Economic Times Highlights: From Auto Glut to AI and Political Tensions

The Economic Times, a leading business publication, reports on a range of topics this week, including:

**Business:**

* **Auto Industry Struggles:** Dealers are facing an unprecedented inventory glut, estimated at INR 79,000 crore, with brands like Maruti and Hyundai being affected.
* **The Power of APIs:** Sam Altman, CEO of OpenAI, and Elon Musk emphasize the crucial role of Application Programming Interfaces (APIs) in driving innovation.
* **Indian Banking Boom:** Despite attractive prospects, investors are hesitant to invest in Indian banks, despite their potential for growth.

**Technology:**

* **Metaverse Success:** Three years after failing with the metaverse, Mark Zuckerberg finds success in a new direction.
* **AI Infrastructure:** India should focus on owning its data and AI infrastructure to stay competitive in the digital age.

**Global News:**

* **Israel’s “Iron Beam”:** Israel unveils a new weapon, “Iron Beam,” aimed at countering Iranian threats.
* **US Election Countdown:** The article explores five key issues that will define the upcoming US election.
* **Elon Musk Controversy:** Reports surface about Elon Musk potentially working illegally in the US.

**Politics and International Relations:**

* **Political Tensions:** A Khalistani separatist claims an Indian “spy network” is operating in the US and Canada.
* **Trump’s Popularity:** Former US President Donald Trump enjoys unprecedented support at a recent rally.

**Other News:**

* **Anti-Drone Technology:** The article delves into the features and capabilities of the handheld anti-drone gun, “Vajra Shot.”
* **Environmental Crisis:** The report highlights the alarming situation of a floating island of garbage in Puerto Rico.

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