Hindalco Industries, a part of Aditya Birla Group, will invest $10 billion in its global operations from FY25-FY30. The company is focusing on expanding its upstream capacities in aluminium and copper, investing in speciality alumina and energy supply. Its subsidiary Novelis is also advancing its global expansion and sustainability goals by increasing recycled content.
Indian IT sector set for steadier quarter with TCS, HCL Technologies, Persistent Systems, and Tech Mahindra announcing results. Kotak Institutional Equities expects 0.2-6% sequential growth and steady margins. Concerns include H-1B visa rules and impact of weak rupee. Focus on TCS's planned layoff of 12,000 employees and Infosys's expected 1.8% growth.
GRSE and Centum Electronics have signed an MoU to jointly develop Advanced Naval Navigation Systems, with a focus on modernization and upgrades. This partnership aligns with the Indian government's push for public-private partnerships in the defence sector and supports the 'Aatmanirbhar Bharat' initiative.
Saatvik Solar Industries' stock price rose by 7% after securing two major orders worth Rs 707.62 crore from well-known IPPs and EPC companies. These orders will be executed in FY26 and are repeat orders from domestic entities. The company clarified that there are no related-party transactions involved and its promoters have no interest in the entities awarding the contracts.
PM Modi welcomed UK Prime Minister Kier Starmer in Mumbai and the two visited the Yash Raj Film Studio in Film City. Starmer enjoyed a movie screening with CEO Akshaye Widhani and was seen sharing a candid moment with actress Rani Mukherjee. The visuals show Mukherjee stunning in a bright yellow suit as Starmer made his YRF debut. More details to follow.
In 2025, Akshay Kumar recreated his viral moment by asking Maharashtra CM Devendra Fadnavis how he likes to eat oranges. Fadnavis shared a unique 'Nagpur trick' of eating oranges, similar to how people eat mangoes. The exchange happened at a FICCI Frames event in Mumbai, leaving netizens ROFL.
Motilal Oswal has maintained a Buy rating on Kalyan Jewellers with a target price of Rs 650, expecting a 34% upside. The company is experiencing strong footfalls and double-digit same-store sales growth in Q2 FY26, driven by weddings and festivities. Kalyan Jewellers has launched 15 showrooms before Diwali and added 15 more during the quarter. The company's consolidated sales grew by 30% YoY.
Indian benchmarks closed lower on Wednesday after a volatile session, breaking a five-day winning streak. The Nifty 50 closed 0.12% higher while the Sensex ended 0.17% higher. The Nifty Bank settled 0.39% lower, while midcap stocks surged. The BSE Midcap declined 0.74%, and the BSE Smallcap finished 0.42% lower. The market was driven by profit booking and caution ahead of the Q2 earnings.
The coal ministry plans to introduce a new law to replace the outdated Coal Mines Provident Fund and Miscellaneous Provisions Act, 1948. The proposed legislation aims to improve social security and pensionary benefits for coal workers, considering factors such as industrial disputes resolution, working conditions, and digitalisation. The draft bill seeks to replace the current Board of Trustees
Businessman Robert Kiyosaki advises on how to become a "winner" in the current situation of the US dollar's decline. He suggests investing in alternatives such as gold, silver, Bitcoin, and Ethereum. Kiyosaki's past tweets highlight his belief in the impending stock market crash and the importance of investing in these assets.
According to an Ambit report, festive spending is expected to slow down this year due to low wage growth and subdued consumption in urban regions. Despite GST cuts, overall demand may not increase due to brand substitution and stagnant disposable income. Rural areas are expected to outpace urban demand, with tier 2 and tier 3 cities showing more robust growth due to higher wage increments.
Kerala CM Pinarayi Vijayan has announced that the government will not protect any wrongdoers in the Sabarimala gold plating controversy and a special investigation team has been appointed. The opposition is demanding the resignation of the state's Devaswom minister and has halted Assembly proceedings.
IAS officer Durga Shakti Nagapal has been asked to pay Rs 1.63 crore as compensation for "unauthorised occupation" of an official bungalow on IARI's Delhi campus. Nagpal, who served as OSD to the Agriculture Minister in 2015, continued to occupy the residence after her deputation ended in 2019 due to her parents' health conditions.
The average cost of a vegetarian thali fell by 10% and non-vegetarian thali by 6% year-on-year in September, according to a report by Crisil Intelligence. This was due to a sharp drop in prices of vegetables and pulses. However, vegetable oil and LPG prices limited the overall decline. On a monthly basis, the cost of a vegetarian thali fell by 3%, while the non-vegetarian thali rose by 3%.
Nineteen people have died in Madhya Pradesh after consuming a 'toxic' cough syrup called Coldrif, which contained a dangerous level of diethylene glycol. The victims included 17 children from Madhya Pradesh and Rajasthan. Cough syrups are not advised for children under 5 years old and may not be effective, according to recent research.
Heavy rains in Bihar have led to flooding on National Highway 19, leaving hundreds of vehicles stranded and causing traffic jams up to 65 km from Rohtas. The road is waterlogged and filled with potholes, causing slow and dangerous progress. Despite the severity, no action has been taken by the NHAI or the road contractor.
The Indian Agricultural Research Institute (IARI) has issued a demand notice to IAS officer Durga Shakti Nagpal for ₹1.63 crore. Currently serving as a District Magistrate at Lakhimpur Kheri, Uttar Pradesh, Nagpal has been accused of “unauthorised occupation” of an official Type VI-A bungalow on its Pusa campus in Delhi long after her deputation ended, between May 2022 and February 2025.
IRS officer Sameer Wankhede has filed a defamation lawsuit against Netflix, Meta, XCorp, and Google for their series Ba***ds of Bollywood, which portrays him in a false and malicious manner. The Delhi High Court has summoned the defendants to respond and issued notice on the application for interim relief. Wankhede's amended plaint seeks Rs 2 crore in damages.
SIT arrests APS officer Sandipan Garg in Zubeen Garg death probe. Five others, including event organiser and band members, also arrested. SIT chief Munna Prasad Gupta confirms the news.
Jefferies remains positive on the cement sector despite sluggish demand, predicting a 52% YoY growth in EBITDA due to better pricing and a soft base. The brokerage expects companies to increase prices in November due to rising fuel costs. Their top stock picks are UltraTech Cement, Ambuja Cements, and JK Cement. Grasim Industries, however, is expected to have a weak performance in the near term.
India Inc prepares for Q2 earnings as top Nifty companies like TCS, HCL Technologies, Tech Mahindra, and Axis Bank announce results. Nuvama forecasts 6% topline and 8% profit growth, marking the tenth consecutive quarter of muted earnings. US tariffs to affect Indian corporates, but strong performance expected in electronics, telecom, and cement sectors, while IT and banks face challenges.
President Trump appoints Indian-origin scholar S Paul Kapur as new Assistant Secretary of State for South and Central Asian Affairs. Kapur, a strong advocate for India-US relations and a critic of Pakistan, was confirmed by the Senate. He has extensive knowledge of South Asian politics and international relations, and has written books on nuclear weapons and conflict in the region.
British PM Keir Starmer, during his maiden trip to India, believes that the India-UK free trade agreement has great potential and will act as a catalyst for growth. India's expected rise to the third largest global economy by 2028 makes it a lucrative market for British businesses. Starmer, accompanied by 125 business leaders, aims to enhance bilateral relations.
Dolly Parton's sister, Freida, has asked fans to pray for her recovery as the singer has been dealing with health challenges and had to postpone concerts due to medical procedures. Dolly explained that she had a kidney stone and infection, and also lost her husband earlier this year. She joked about needing a "100,000-mile check-up" and assured fans that she is rehearsing for upcoming shows.
Pavel Durov, the founder and CEO of Telegram, is a wealthy and influential figure known for his escape from Russian intelligence and his innovative contributions to social networking. In a recent interview, he discussed various topics, including literature and AI. Durov has anonymously donated sperm in 12 countries, to normalize and assist in fertility treatments.
PM Modi urges investment in India, citing government's reforms and welcoming approach. He highlights opportunities in manufacturing of semiconductors, mobiles, and electronics. Digital connectivity is now a crucial part of every Indian's life, with India having the world's fastest-growing developer population. India has also achieved a major indigenous feat with its Made in India 4G Stack.
Vruj Patel, a 26-year-old Indian-origin man, was sentenced to 22 years in jail for rape, sexual assault, and other indecent acts against minors and women. His brother, Kishan Patel, was also sentenced to 15 months for possessing indecent images of children. The Metropolitan Police is appealing for more victims to come forward.
Popular Punjabi singer Rajvir Jawanda, 35, died on October 8, 2025, due to a severe road accident in Himachal Pradesh. He was hospitalized for 12 days at Fortis Hospital, Mohali, but succumbed to brain and spinal injuries. His sudden demise has left the industry and his fans devastated, with many mourning and honoring his talent.
Kyiv reported on Tuesday that an Indian national has been captured by Ukrainian forces after allegedly fighting alongside the Russian army. The Indian Ministry of External Affairs said it is verifying the reports and has not yet received any formal update from Ukrainian authorities regarding the detention.
The Ministry of Education's decision to make Zoho Office Suite mandatory for official use has sparked a debate on the Swadeshi movement and promoting homegrown innovation in India. While there is criticism for the delay in implementation, others support Zoho and its founder for their potential in creating jobs and developing skills in rural areas.
Lloyds Metals and Energy has received approval from the CCI to acquire a 49.99% stake in Thriveni Pellets. The deal has been deemed to have no competition concerns in the market. Lloyds Metals' share price has seen a 4.42% increase this year. Lloyds Metals and Energy operates in various segments including iron ore mining, DRI production, and pellet trading.
British Airways is expanding its services to India by adding a third daily flight between London and Delhi in 2026. This follows the signing of a Free Trade Agreement between the UK and India. The airline also plans to bring back its First cabin on flights to Mumbai and introduce its latest business class Club Suite on all five Indian routes by 2026.
Gita Gopinath, former IMF Chief Economist, criticizes the "Liberation Day" tariffs imposed by the US, stating they have not benefited the economy and have instead burdened domestic firms and consumers. The tariffs have increased government revenue but also led to higher prices and inflation, with no improvement in trade balance or manufacturing sector.
Titan's share price saw a 4% jump in early trade following their second-quarter business update. The domestic jewellery segment reported 19% year-on-year growth, with strong performances from Tanishq, CaratLane. Brokerages like Motilal Oswal and Nomura have maintained a buy rating on the stock, with target prices of Rs 4,150 and Rs 4,275 respectively.
The ED conducted a sweep against Malayalam superstars, including Mammootty, Prithviraj, Dulquer Salman, and Amit Chakkalackal, in connection to the Kerala luxury car smuggling case. The raids were conducted at 17 locations, revealing a syndicate involved in illegal activities. The investigation also uncovered the use of forged documents, shell entities, and launder foreign currency.
A study in Australia shows that younger generations, especially Gen Z, are choosing to not drink alcohol due to changing norms and health concerns. This could have positive long-term health effects and is changing the perception of celebration in society. However, binge-drinking is still a concern among older adults.
Two companies, Advance Agrolife and Om Freight Forwarder, had their IPOs listed on Day 1. Advance Agrolife's IPO was subscribed 56.90 times, while Om Freight Forwarder's IPO received an overall subscription of 3.87 times. The companies raised Rs 192.86 crore and Rs 122.31 crore, respectively, through their IPOs.
Prime Minister Modi will inaugurate the Phase 2B of Mumbai Metro Aqua Line 3, which will run from Acharya Atre Chowk to Cuffe Parade. This is a significant step that is being taken to improve Mumbai’s city transport. This phase, once complete, will also complete the Aqua Line project which will make daily travel easier for millions of people.
Nomura maintains a Buy rating on IndusInd Bank and Neutral on Bank of Baroda and Kotak Mahindra Bank. Q2 FY26 saw mixed trends in loan and deposit growth, with one stock having potential for 29% upside. IndusInd Bank's loan growth was weak, while Bank of Baroda and Kotak Mahindra Bank showed strong growth.
The ANZAC Jawan Cenotaph, a memorial honoring Indian soldiers who fought alongside Australians in WWI, has been repeatedly vandalized. The Indian flag has been disrespected and thrown off its pole, causing community leaders to condemn the acts as hate-motivated. Complaints have been lodged and changes suggested, but the vandalism continues.
Indian indices opened flat on Wednesday with the Nifty 50 and Sensex showing no major movement. The Bank Nifty opened lower and small and midcap stocks saw a decline. Key factors to watch include early gainers and laggards, major movers, and stocks on radar such as Satin Finserv and Lodha Developers. JLR reported a significant drop in sales and is expected to have a weak financial performance.
ICICI Securities maintains 'Add' rating on Indegene with a target price of Rs 610 per share, citing recent acquisition of BioPharm as a key growth driver. The report highlights potential upside of 7% from current market price, with revenue estimates increased by 5-10% and EPS cut by 0.5% for FY26/27/28.
Elon Musk's AI startup xAI is raising $20 billion in a funding round, with an equity investment from Nvidia. The financing will be split between $7.5 billion of equity and $12.5 billion of debt, and will be used to purchase Nvidia processors. This investment comes after xAI's launch in 2023 as an alternative to OpenAI's ChatGPT. Musk denied previous reports of a $10 billion funding round.
Contaminated cough syrups have caused multiple deaths in Mumbai, Jammu, Gambia, Uzbekistan, Cameroon, and Madhya Pradesh due to the use of Diethylene glycol (DEG). Experts recommend a root cause analysis and setting standards for DEG use, along with joint inspections by regulators to prevent deviations. A proactive approach is necessary to prevent further tragedies.
President Donald Trump and Canadian Prime Minister Mark Carney met in Washington this week for a friendly round of talks. The meeting, held at the White House, was meant to ease growing trade tensions.
A tanker carrying chemicals collided with a truck loaded with LPG cylinders, causing a massive fire on the Jaipur-Ajmer highway in Rajasthan. No major injuries were reported, but measures will be taken to prevent similar accidents in the future. The Deputy CM visited the site and the truck driver and conductor were hospitalized.
California Gov Gavin Newsom signed a bill making Diwali an official statewide holiday, following Pennsylvania and Connecticut. Indian-origin and Hindu communities expressed gratitude on X. Starting from January 1, 2026, public schools and community colleges will be allowed to close on the festival day. The bill was co-authored by Indian-American assemblymembers Ash Kalra and Darshana Patel.
Nvidia CEO Jensen Huang has assured employees that the company will continue sponsoring H-1B visas and cover the full cost of the new $100,000 application fee as per US President Donald Trump’s recent executive order, Business Insider reported.
Indian equity benchmarks started slow due to global factors such as crude oil prices and currency trends. However, the Sensex and Nifty closed higher on October 7, with important global and domestic cues to monitor on October 8. The US dollar strengthened, crude oil prices rose, and FIIs became net buyers.
Kantara Chapter 1, directed by Rishab Shetty, has been a major success at the box office, surpassing Rs 400 crore worldwide and becoming the first Kannada film of 2025 to do so. The film has also gained popularity in Hindi, with a 20% increase in collections on Day 6 and an overall occupancy rate of 33%.
The government shutdown has caused air traffic control staffing issues, resulting in delays at major airports like Chicago O'Hare and Newark. The FAA is reducing flights at O'Hare due to staffing shortages, while other airports are also affected. Political parties are blaming each other, and severe weather and unpaid controllers have worsened the situation.