SEBI has sent show cause notices to Reliance Infrastructure and Reliance Power, led by Anil Ambani, for violating regulations and acts. This comes after Reliance Infrastructure settled a dispute with CLE Private Limited. Reliance Power has clarified that it has no exposure to CLE.
South California resident and cardiologist Dr. Asoka Jayaweera passed away in 2023 after choking on a meal on a Qatar Airways flight. His family has filed a lawsuit against the airline, claiming negligence and wrongful death. The flight was unable to divert and provide proper medical assistance, resulting in Jayaweera's death. His son is seeking damages for the tragic incident.
Billionaire investor Ken Griffin has warned that some of the brightest students from countries like India might never make it to the US and that this could hurt the country’s future. The Citadel CEO said the real loss isn’t the $100,000 cost of an H-1B visa, but it’s when a talented student in India or a math and physics prodigy in China chooses to stay home instead of coming to the US.
Anantam Highways Trust is launching its IPO with a target of raising Rs 400 crore through a fresh issue of 4 crore units priced at Rs 98-100 each. The trust has already secured Rs 180 crore from 11 investors through its anchor book. The funds will be utilized to improve its portfolio and manage debts of its highway projects. The IPO is set to be allotted on October 14 and listed on October 17.
Fabtech Technologies, a biopharma engineering company, debuted on the National Stock Exchange with an IPO that raised Rs 230.35 crore. The issue opened on September 29 and closed on October 1, with allotment finalised on October 3. The IPO included a reservation for employees and had a lot size, with a premium of 0.05% to the issue price.
Indian equity indices opened higher on Tuesday, with the NSE Nifty 50 and BSE Sensex rising by 0.12% and 0.15% respectively. The Bank Nifty also opened higher, along with small and midcap stocks. On Monday, the Nifty 50 closed above 25,000 and is likely to test 25,200-25,250 in the near term. The Banknifty index witnessed a bullish breakout.
India's Permanent Representative to the UN, Parvathaneni Harish, slammed Pakistan at the UNSC Open Debate on Women Peace and Security. He called out Pakistan's "delusional tirade" against India and highlighted their own atrocities, including the 1971 Operation Searchlight, which resulted in the mass rape of 400,000 women.
West Bengal Chief Minister Mamata Banerjee on Monday criticised Prime Minister Narendra Modi for what she called, politicising the recent floods and landslides in North Bengal. She described the Prime Minister’s remarks as "unfortunate and deeply concerning."
The number of international student arrivals in the US has been declining, with a 19% drop in August 2025 compared to the previous year. Asian students, including those from India and China, saw the biggest decline. European arrivals remained relatively stable, with the UK even seeing a 7% increase.
Deloitte will return part of its payment from the federal government over a $440,000 report that contained multiple errors. The tech firm has admitted it had used generative artificial intelligence (AI) to help produce the report.
Jefferies has maintained its ‘Buy’ rating on several banking sector stocks, predicting a potential 30% upside in select stocks. Kotak Mahindra Bank showed the strongest momentum, while IndusInd Bank witnessed significant consolidation and Bandhan Bank registered softer growth. Jefferies has a ‘Buy’ rating on all three stocks, with target prices of Rs 2,550, Rs 920, and Rs 215, respectively.
Indian equity markets opened flat to negative on Tuesday, impacted by global factors like crude oil, gold, and currency fluctuations. Sectors like banking, automobiles, metals, infrastructure, and IT may see activity as investors watch regulatory developments. The Nifty and Sensex closed higher on October 6, with mixed trends in Asian markets and a mixed performance in US markets.
Nearly 200 activists, including Greta Thunberg, were deported from Israel after their Gaza-bound humanitarian mission was intercepted by Israeli authorities. The activists livestreamed their journey and accused Israel of breaking international law, while Israel claimed the activists were trying to breach the legal blockade of Gaza.
US President Donald Trump has once again claimed that he “ended” the India-Pakistan conflict that followed Operation Sindoor — a statement India has already dismissed multiple times as factually incorrect.
Indian markets closed on a positive note on October 6. Today, IT, telecom, real estate, banking, and pharma sectors will see major corporate developments. LTIMindtree secures a big deal, Jio gains, and Vodafone Idea faces a setback in the telecom sector. Brigade Enterprises signs a JDA for a project in Chennai, while Bank of India reports strong earnings.
Flipkart, owned by Walmart, sold its 6% stake in Aditya Birla Lifestyle for Rs 998 crore. This is the second exit by the company after selling Rs 582 crore in June. The shares were received after ABLBL's demerger from ABFRL. Key buyers included ICICI Prudential Mutual Fund, Nippon India Mutual Fund, and SBI Life Insurance. Aditya Birla Fashion's shares rose 7.5
“Bundling AI solutions with existing products may further consolidate market power, making it harder for independent providers to survive. Personalised pricing may raise competition concerns, especially when transparency is lacking,” the report said.
The RBI's same-day cheque clearance system faced challenges during its test run, revealing gaps in staff training and execution. The auto process failed due to scanning errors and insufficient training, causing delays and rejections. This highlights the importance of aligning people, processes, and habits in digital transformation.
Bank of India's domestic gross advances are expected to rise 14.6% to Rs 5.9 lakh crore, with domestic deposits increasing 8.5% to Rs 3.45 lakh crore. Jammu & Kashmir Bank's business grew 8.77%, while Bank of Maharashtra saw a 16.9% rise in global advances. The share of CASA deposits fell for both banks. Bank of India's shares closed 0.2% higher, while Jammu
The CCI’s study on AI warns that dominant firms could use algorithms for anti-competitive practices like price discrimination and self-preferencing. It proposes industry-led self-regulation and transparency standards to balance innovation with oversight. The report also flags risks of tacit algorithmic collusion and urges proactive regulatory vigilance in India.
Airtel Business, the enterprise solutions arm of Bharti Airtel, has been awarded a multi-year contract by the Indian Railways Security Operations Centre (IRSOC) to establish a centralised cybersecurity system for 26 locations and 190,000 devices.
The Vodafone Idea AGR case has been postponed for a week as the DoT requested more time. The telco argues that the additional AGR dues for FY17 are illegal, based on a writ petition filed in September. The DoT is open to finding a solution due to the government's stake in the company and has raised additional concerns.
India's top companies are expected to see a modest increase in profits in the September quarter, with consumer-oriented companies reporting ordinary results due to weak demand. The monsoon and rupee depreciation have affected sales and exports. Sectors like oil & gas, metals, and cement are expected to perform well, while banks may see a decline.
Canara Robeco AMC has announced its IPO with a price band of Rs 256-263, valuing the company at Rs 5,302 crore. The issue is an offer for sale by promoters Canara Bank and ORIX Corporation Europe. CEO Rajnish Narula stated that the company has shown 40% growth in the last 5 years, outperforming the industry's 20% growth. Canara Bank currently contributes 8% to the company's AUM and Nar
The Navi Mumbai International Airport, shaped like a lotus, blends tradition and modernity. The first phase, to be opened by PM Modi, has digital screens showing flight info and promoting Maharashtra and India's culture. It aims to reduce passenger anxiety with technology, pre-booked parking, digital art, and a unique "Bombay Bond" food hall.
Qatar has become the eighth country to adopt UPI, a digital payment platform developed by NPCI. The system is being used in collaboration with QNB and LuLu Hypermarket is the first retail chain to use it. UPI is already in use in Bhutan, France, and the UAE. Piyush Goyal believes this launch will revolutionize trade between Qatar and India, benefiting both nations.
India and Qatar are working towards a Comprehensive Economic Partnership Agreement (CEPA) to boost bilateral trade to $30 billion by 2030. The negotiations will start soon and the deal is expected to be finalized by mid or third quarter of next year.
Zoho Corporation is venturing into hardware with the launch of in-person payment devices, signaling its aim to create a unified financial ecosystem. The company plans to explore local manufacturing and has introduced virtual accounts and automated salary disbursements. Zoho's ultimate goal is to break down barriers between banking, business finance, and payments through its software suite.
IndusInd International Holdings (IIHL) has acquired the remaining 49% equity in Sterling Bank, Bahamas, through its subsidiary, IIHL (Capital), Mauritius. The bank will be renamed as "IIHL Bank & Trust Limited." This is a part of IIHL's strategy to become a global financial powerhouse and introduce advanced financial technologies.
Mercedes-Benz India had a successful September, selling a car every six minutes during Navratri at an average price of Rs 1 crore. The July-September quarter saw a surge in sales, with over 2,500 units sold in the final nine days. MD and CEO Santosh Iyer credited this to GST rate correction and attractive offers. The company also introduced the all-electric G580 Edition One at Rs 3 crore.
M&M is determined to increase its EV share in passenger vehicles by 2024, focusing on smaller and cheaper models to comply with CAFE norms. They aim for a high teens EV penetration and will produce the Nu.IQ platform. India's electric passenger vehicle sales rose by 156% in August. A more affordable EV was also recently launched by M&M.
LG Electronics India's IPO has raised Rs 3,475 crore with major investors like ADIA, Fidelity, Blackrock, and Goldman Sachs. Domestic mutual funds hold 49% of the anchor book, including top fund managers like SBI Mutual Fund and ICICI Prudential Asset Management. The IPO is valued at Rs 77,500 crore and will be listed on October 14, with advisors leading the share sale.
Kalyan Jewellers experienced slower sales growth in Q2 due to high gold prices, but festive season sales helped mitigate the impact. Despite this, consolidated revenue still rose by 30%, with India and international operations seeing significant growth. The company plans to further expand its retail presence before Diwali.
According to the latest foundit Insights Tracker, India's white-collar job market saw a 17% year-on-year and 4% month-on-month growth in September 2025, driven by festive season demand and continued market resilience. Tier-2 and tier-3 cities led the uptrend with a 21% increase in hiring activity, supported by business expansion into emerging hubs.
Jubilant FoodWorks, the parent company of Domino's Pizza and Dunkin' Donuts, reported a 20% increase in consolidated revenue to Rs 2,340.4 crore in Q2 of FY26. Its standalone revenue from operations also grew by 16% to Rs 1,698.7 crore. The company's like-for-like growth in India was 9.1%, while its stores reached a total of 3,480 with a net addition of
PFRDA aims to increase NPS subscriber base to 250 million in 5 years through reforms and targeting sectors like FPOs, SHGs, and MSMEs. Reforms include revised investment norms, increased commissions for distributors, and new options for subscribers. AUM for NPS grew by 23% in FY25, with 29% growth in non-government sector. Returns have been around 9.3%.
Trent, a Tata Group-owned retailer, saw a 17% increase in revenue for the September quarter, its slowest growth since March 2021. Struggling flagship format Westside and strong performer Zudio highlight the company's mixed performance. Trent is expanding its lifestyle concepts, like Burnt Toast and Zudio Beauty, to better compete with other retail giants.
On Monday, Indian benchmark indices rose up to 0.74% following positive cues from Asian markets. The Sensex closed at 81,790.12, led by IT and banking shares, while the Nifty ended above the 25,000 mark at 25,077.65. This was the third consecutive session of gains for both indices, with a total increase of 1.90%.
Valmiki Jayanti is celebrated every year on Ashwin Purnima or the full moon day of the Hindu calendar month of Ashwin. On this day, the birth anniversary of Maharshi Valmiki, the writer of Ramayana - one of the most important epics is observed.
The first Vibrant Gujarat Regional Conference (VGRC) will take place in Mehsana on October 9, focusing on agriculture, renewable energy, MSMEs, and FMCG. The conference will be attended by Gujarat CM Bhupendra Patel, Union Minister Ashwini Vaishnav, and ISRO chairman Dr V Narayanan.
India's pulses imports are expected to decrease by 39% to 4.5 MT this fiscal due to carry forward stocks and higher domestic production. Imports have already declined by 47% in April-August 2025-26. With abundant buffer stocks and good crop prospects, yellow peas and Bengal gram imports are projected to be less than 5 MT this year.
Tata Capital's IPO received a 39% subscription on day one, with bids for 128.61 million shares against the total issue size of 333.43 million shares. The IPO is priced at Rs 310-Rs 326 per share, with a minimum lot size of 46 shares. The proceeds will be used to augment the company's capital base. On day two, WeWork India's IPO was subscribed 0.13 times, with bids for 3.42
Auto manufacturers are pushing for a single, achievable target for the proposed CAFE 3 norms instead of yearly reductions. The staggered approach makes planning difficult and raises costs. Uncertainty around fuel blending policies and the need to change long-term supply contracts annually are also concerns.
India's recent GST rate rationalisation has reduced the four-tier structure to two tiers, a major step in tax reform. However, this has resulted in an inverted duty structure and a buildup of Input Tax Credit. A comprehensive refund process for input services and capital goods is crucial, along with a move towards a unified rate.
India's NITI Aayog CEO BVR Subrahmanyam emphasized the need for lowering tariffs and dismantling non-tariff barriers to improve competitiveness in manufacturing. The National Manufacturing Policy (NMP) is expected to address these issues and focus on creating world-class trade ecosystems. Major reforms are also expected before Diwali, with a trade agreement between India and the US in the works.
Experts predict a decrease in government's green bond issuances due to lack of investor interest. In the first half of the financial year, only half of the targeted Rs 10,000 crore was raised. This trend is similar to 2025 when only Rs 21,697 crore was raised despite a target of Rs 32,000 crore. Low green premium and macroeconomic factors are also contributing to this decline.
Bihar Assembly Elections 2025: CEC Gyanesh Kumar announced the dates for the polls and addressed questions about the number of illegal foreigners identified during the Special Intensive Revision (SIR). The ECI does not have the data, which can be found with the EROs and AEROs. The SIR has become the main issue, with the opposition accusing it of being a ploy to remove opposition voters.
Gujarat International Finance Tec (GIFT) City's two international stock exchanges, NSE IX and India INX, have seen a rise in fundraising through foreign currency bonds (FCBs) with several large issuances worth over $4 billion in 2025. This includes FCBs from ICICI Bank, Muthoot Finance, Tata Capital, and IIFL Finance. Other companies, such as ECGC, NaBFID, and SMFG India, are also planning
Cooperative banks are becoming more popular among retail depositors due to lower deposit rates at commercial banks. In the recent fortnight, term deposits at cooperative banks increased by Rs 2,866 crore, while commercial banks saw a decrease of Rs 78,888 crore. However, credit growth for cooperative banks remained low.
India's oil demand is set to rise and account for 12% of the world's energy demand by 2050. BP's chief economist emphasizes the importance of boosting domestic production and promoting electrification to enhance the country's resilience. India's economy is expected to grow at a rate of 5% per year, making it the third largest importer of oil and fourth largest importer of LNG.