Executive Wrap: Festive cheer for consumers, US shutdown & more

Early Diwali: TVs, cars & consumer durables set to get cheaper The government will increase capital support to banks from the budgeted Rs 14,000 crore to help them lower interest rates on the category of goods identified. read more US government shuts down for the first time in 17 years A flurry of last-minute moves by the House, Senate & White House failed to break a bitter budget standoff over President Barack Obama’s health care law. Indian outsourcers see business booming as Obamacare kicks in The landmark overhaul nicknamed Obamacare, is already being targeted by Indian IT services frims, such as Cognizant, Infy & Wipro.

Editor's Pick Many engineers, but only 2.3% fit for software product firms "The problem is very real. While we have large quantity of engineers, there is a serious shortage of quality engineers," said Sharad Sharma of iSpirt. Frozen by shutdown, US warns of 'catastrophic' default The crisis rattled Wall Street where the Dow Jones Industrial Average dropped 136.66 points, amid ongoing jitters from the shutdown Confidence of 800 mn youth sinks as jobs dry up in economy Young Indians(800 mn citizens under the age of 35) - aren't feeling celebratory these days. Post-reforms, it's never been as bad for them as now. SFIO probe calls Rs 1,700 crore Tata-Unitech deal dubious These initial findings, which have been reviewed by ET are currently being analysed at the SFIO headquarters in Delhi.

Most Popular This Week India to top global remittances' chart with $71bn: World Bank Apple to enter smaller Indian towns with iPhones, iPads Shravan & Sanjay Kumaran: Chennai techies aged 12 and 14 develop apps ISI Kolkata student bags $100,000 offer from Google Ranbir Kapoor joins Shahrukh, inks Rs 100-crore deal with Disney UTV

Story of The Week Lalu Prasad Yadav gets 5 years in jail for fodder scam, fined Rs 25 lakh The sentencing by special CBI judge Pravas Kumar Singh disqualifies Prasad as an MP and renders him ineligible for contesting elections for 11 years. read more

Money Want to withdraw from your provident fund account? Here's how! PFs are primarily meant for retirement planning, and retirement planning is the most important goal in any person’s life. 8 ways to leverage your house Here are some ways in which you can tap into your house to generate cash, when needed.

Stock Round Up Volatile Sensex ends 14 pts up at nearly two-week high The gauge had gained 522 points in the last two trading sessions. For the entire week, Sensex gained 188.68 points or 0.96 per cent.

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