NITES, an IT employees union, has written to the Maharashtra CM seeking intervention in illegal mass layoffs at TCS. TCS refutes allegations, stating only a limited number of employees were affected by their realignment. However, NITES claims over 2,500 employees in Pune have been forced to resign or terminated, violating the Industrial Disputes Act and causing financial and emotional distress.
Indian benchmark equity indices ended their eight-session fall on Wednesday, emerging as the second-best performing market in Asia after the Philippines. The Reserve Bank of India's measures, including removing the cap on overlap in bank and group entity businesses, boosting IPO financing limit, and licensing new UCBs, fueled a rally in banking stocks.
The FIU IND has taken action against 25 offshore VDA SPs for non-compliance with the PML Act, 2002. These include well-known companies like Huione, Paxful, and Changelly. Non-registration may result in takedown of their apps/URLs. Currently, only 50 VDA SPs are registered with FIU IND, and unregistered entities catering to Indian users will face consequences. VDA SPs were brought under the AML-CFT
RBI takes steps to promote internationalisation of rupee, plans to introduce reference rates for major trading partner currencies. Deepening forex market with new rates, rupee rises 10 paise. Governor Malhotra monitoring rupee movements, will take appropriate steps. Considering Indonesian rupiah and UAE dirham, more to follow.
LG Electronics India is expanding its manufacturing capacity by setting up a new plant in Andhra Pradesh and expanding existing plants in Noida and Pune. The company aims to make India a global manufacturing hub and cater to both domestic and export markets. With a strong financial position and increasing demand for premium products LG is confident in its ability to tap into more developed market.
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LG Electronics' Indian unit is launching an IPO on October 7-9 to raise up to Rs 11,605 crore through an offer for sale. The company will offer 101.8 million shares at a price range of Rs 1,080-1,140 apiece, making it the top appliance maker listed on Indian bourses with a valuation of Rs 77.2K. No fresh issue component is included in the IPO.
The IBBI is developing new regulations to address practical challenges and incorporate previous Supreme Court rulings in the resolution process. A solution to the clash between IBC and PMLA is expected to be released within a month. The IBC Amendment Bill 2025 is being prepared for Parliament's approval.
Dussehra, a festival symbolizing the victory of good over evil, is being celebrated on October 2 this year. It marks the end of Navratri and is observed with various rituals across India. In North India, Ravana's effigy is burnt, while in the East, goddess Durga's idols are immersed in water. This festival is linked to the epic story of Ramayana and is followed by Diwali.
Passenger vehicle sales in September saw a rise due to GST rate cuts and Navratri, with Maruti Suzuki being the only major manufacturer to decline. Tata Motors regained second spot and Mahindra & Mahindra saw high demand for SUVs. Hyundai slipped to fourth, while Toyota saw a 16% increase. The industry expects a strong festive season and positive outlook for growth.
The Cabinet has approved a six-year plan with a budget of Rs 11,440 crore to boost production of pulses and reduce import dependence. The Mission for Aatmanirbharta in Pulses will be implemented through a cluster-based approach across 416 districts, with a target to increase production to 35 million tonnes by 2030-31.
Bvlgari's iconic Serpenti Infinito exhibition has arrived in India, showcasing at the Nita Mukesh Ambani Cultural Centre in Mumbai. The exhibition, which coincides with the Year of the Snake, features works by 23 acclaimed Indian and international artists, including a large-scale AI-powered installation by renowned artist Refik Anadol.
Shah Rukh Khan, the popular Bollywood actor, has become a billionaire for the first time with a net worth of Rs 12,490 crore. This is a 71% increase from last year, thanks to the success of his production house and IPL team. He also owns lavish properties in India and Dubai, including his famous bungalow Mannat.
Tesla's debut in India has been modest but steady, with 60 units of its Model Y sold in September. This is in line with other luxury carmakers in India, outpacing new entrants and competing with established European players. However, challenges like high prices and lack of local manufacturing could hinder its growth.
Government announces 4-10% hike in MSP for winter-sown crops, with wheat seeing a 6.6% increase for the 2026-27 season. The target for wheat production has been set at 119 MT for the 2025-26 crop year, and the MSP for gram has been increased by 4%. However, pulse growers face challenges from cheap imports. The highest increase of over 10% has been approved for safflower seed.
The MPC has maintained the policy rate, but is considering future rate cuts. The RBI Governor believes there is room for growth support and has revised the inflation and growth targets. Analysts predict more cuts may be needed, considering trade deals and fiscal measures. The stock market reacted positively, with the Sensex rising.
PE-VC firms invested $5.67 billion in Indian companies in the July-September quarter, a 26% decline from last year. The number of deals also decreased to 299. However, compared to the previous quarter, deal value increased by 6%, while volume rose by 15%. The drop in deal value is due to fewer mega deals, with only 15 deals above $100 million.
In September, the gross GST collections reached Rs 1.89 lakh crore, a 9.1% increase from the previous year. However, the net receipts grew at a slower pace of 5% due to a 40% rise in refunds. This is the ninth consecutive month with revenues above Rs 1.8 lakh crore. The GST rate cut and festive demand are expected to maintain a positive trajectory for future collections.
India's new project value declined by 46% in September quarter, with private sector leading in announcements and government investments limited due to fiscal constraints. However, completed projects show potential for increased activity. Weak investments attributed to global and urban demand uncertainties, according to economists.
The CEA plans to outsource geological investigations for hydro power projects in order to accelerate approval and meet energy transition targets. External experts will evaluate geological reports, reducing evaluation time and expediting project approval. India has a potential of 133.4 GW for large hydro development, with 50.1 GW installed and 13.2 GW under construction.
IMDb, is the go-to source for film, celebrity, and TV content. They released a report on the evolution of Indian cinema from 2000-2025, based on data from over 250 million monthly users. Deepika Padukone emerged as the most viewed Indian star of the last decade, challenging the status quo in a primarily male-dominated industry.
The government has raised the minimum support price (MSP) for wheat to Rs 2,585 per quintal for the 2026-27 marketing year, along with increased MSP for other rabi crops. This move is expected to incentivize farmers and promote crop diversification, with a record wheat production target of 119 million tonnes.
M3M and Hurun India have released the M3M Hurun India Rich List 2025, their 14th edition, featuring the richest Indians across the world. This year, 1,687 individuals across 91 cities made it to the list with wealth above ₹1,000 crore.
The M3M Hurun India Rich List 2025 was released, with Mukesh Ambani and family at the top with a wealth of Rs 9.5 lakh crore. Thirteen new billionaires, including Roshni Nadar Malhotra from HCL, joined the list. Women-driven wealth and the number of billionaires in the capital city also saw a significant increase.
ICICI Securities has upgraded Kalyan Jewellers to 'Buy' from 'Add' with a target price of Rs 670, citing steady demand trends and accelerating store rollout. The brokerage believes that Kalyan Jewellers may continue to outperform peers due to its aggressive store expansion, omnichannel format, and improving balance sheet health.
Despite a 30% decline in his net worth, Gautam Adani remains India's second-richest man, with a 1.7 times growth in his wealth over the past five years. This decline in billionaire wealth is a result of market corrections, high borrowing costs, and valuation pressures, while Reliance Industries chairman Mukesh Ambani has reclaimed the top spot with a 6% decline in his net worth.
L&T Technology Services has signed a $100 million deal with a US-based industrial equipment manufacturer to aid in new product development, engineering, and automation. A Centre of Excellence will be established to drive innovation and digital transformation. This highlights LTTS's AI-driven expertise and dedication to empowering clients in growing industries.
Indian Railways has launched a new container train service between Delhi and Kolkata, operated by CONCOR and connecting four ICDs. With a bi-weekly schedule and a hub-and-spoke cargo facility, it offers cost-effectiveness and reliability, promoting a modal shift from road to rail. This move supports the logistics sector and marks a significant milestone for Indian Railways.
India's billionaire count has reached 358, with 58 new billionaires added in 2025. The total net worth of these billionaires is Rs 167 lakh crore, which is greater than Spain's GDP and half of India's GDP. Mukesh Ambani remains the richest with a net worth of Rs 9.55 lakh crore, followed by Gautam Adani with Rs 8.15 lakh crore. The list also includes Roshni Nadar Malhotra, the first woman
Nicole Kidman and Keith Urban's 19-year marriage is ending, raising questions about the fate of their impressive real estate holdings in cities like New York, Nashville, Los Angeles, and Sydney. With properties including a sprawling estate in Nashville, a mansion in Beverly Hills, and a 100-acre farm in Australia along with holdings in New York.
October is set to be a major month for IPOs, with the launch of two of the year's biggest IPOs - Tata Capital and LG Electronics India. These highly-anticipated offerings are expected to raise a combined total of over Rs 25,000 crore. Investors are faced with the decision of which one to support, as both companies have their own strengths and potential for growth.
Cassie Ventura, ex-partner of Sean 'Diddy' Combs, pleads for judge to keep him in prison, citing physical and sexual abuse during their relationship. Prosecutors seek 11-year sentence, while defense hopes for shorter term. Judge denies Combs' motion to toss convictions and he remains in federal detention.
Bang Si Hyuk, founder and chairman of HYBE and the man credited with turning BTS into a global sensation, is under a travel ban in South Korea as part of an ongoing police investigation.
Kantara: Chapter 1, the sequel to the hit Telugu film, is predicted to be a box office hit this Dussehra weekend. It has already beaten the advance booking collections of a popular Bollywood movie and is expected to surpass its own record of Rs 400 crore. With 11,000 shows across the country, it is set to become a nationwide sensation.
India's manufacturing sector saw a decline in activity in September, with slow growth in new orders, output, and input buying. Job creation also decreased to a one-year low. However, business optimism remains high due to tax relief and increased international demand for Indian goods. Input and output prices are on the rise, and companies expect stronger output in the future.
RBI keeps repo rate unchanged at 5.5% but announces key measures to strengthen banking system and raises FY26 GDP estimates to 6.8%. CPI inflation projected at 2.6% for FY26, down from 3.1% in August. Real-time GDP growth for FY26 upgraded to 6.8%. Structural reforms expected to offset external headwinds. ECL Framework and Basel III norms to be implemented from April 2027.
October will see a surge of mega IPOs on Dalal Street, including Tata Capital, LG Electronics India, and WeWork India, aiming to raise Rs 30,000 crore. The focus is on which IPO will stand out, with WeWork's being a complete offer for sale, Tata Capital's being the largest from the Tata Group, and LG Electronics India's being a bet on the company's market dominance.
Biochemist Jessie Inchauspé reveals a science-based trick to manage post-meal blood sugar spikes: a 20-minute activity after a high-carb meal. This simple hack involves muscles acting as sponges, reducing the need for insulin. It is crucial for everyone to control blood sugar fluctuations to avoid health risks like heart disease and Type 2 diabetes.
US Rep Ro Khanna, an Indian-origin politician, denies allegations of accepting large campaign donations from his father-in-law's investment firm. Critics accuse him of being a hypocrite for accepting these donations despite his stance against lobbyist funding. The controversy also involves Khanna's children, who are accused of trading millions in stock.
PM Modi to release stamp and coin for RSS' centenary celebrations, founded in 1925 to promote cultural awareness, discipline, and social responsibility. Emphasis on patriotism and national character-formation. RSS has made significant contributions in education, health, social welfare, and disaster relief. Affiliated organizations empower youth, women, and farmers.
GE Aerospace has handed over the fourth F404-IN20 fighter jet engine to HAL, as part of a deal for 113 engines worth over USD 1 billion. The contract is expected to be signed in October, with deliveries starting in 2027-28. HAL also aims to deliver the first aircraft by October, with plans to complete 180 by 2032-33.
Epack Prefab Technologies IPO listed at a discount on NSE and BSE, with a price of Rs 183.85 and Rs 186.10 respectively. The company raised Rs 504 crore from the primary markets, with a price band of Rs 194-204 per equity share. The allotment was finalised on September 29, and the lot size for retail investors was 73 shares. Monarch Networth Capital was the BRLM.
TVS Motor continues to dominate the electric two-wheeler market, selling 21,052 units in September and capturing a 22% share. Bajaj Auto reclaimed the second spot with 17,972 units sold, while Ather Energy overtook Ola Electric to secure third place with 16,558 units sold. Hero MotoCorp also saw a sharp increase in sales, selling 11,856 units.
The United States has officially shut down after the Senate failed to pass a spending deal by 12:01 am on Wednesday, October 1. The last shutdown in 2018–2019 lasted 35 days, costing the economy around $3 billion in lost GDP. This time, a shutdown could affect federal agencies involved in immigration in varying ways.
India and EFTA have signed a trade agreement that will result in reduced tariffs on Swiss wine and medicines. The reduction will happen gradually over the next decade, with final duties of 50% on wines under $5 and 25% on wines over $15. Other food products like tuna, olive oil, and coffee will also see reduced or eliminated duties in the next 7-10 years.
Indian indices opened higher as RBI announced its decision on key lending rates. NSE Nifty 50 and BSE Sensex opened higher, with Bank Nifty, small and midcap stocks also seeing gains. The market hovered between 24,600 and 24,730 zones with non-directional intraday activity. Early gainers included Shriram Finance, Sun Pharma, and Mahindra & Mahindra.
Benchmark indices Sensex and Nifty recorded their worst H1 returns in three years, gaining only 3.68% and 4.64% respectively in April-September 2025. This was due to US tariff concerns impacting the equity markets. In comparison, the first half of FY24 and FY25 saw much higher gains of up to 13.13% and 15.6%. The BSE Midcap and BSE Smallcap indices also saw a significant drop in gains
Jain Resource Recycling made a successful debut on the stock exchanges today, with shares listing at a 14% premium over the issue price. The IPO was subscribed 16.76 times overall, with retail investors putting in 3.81 times more bids than the shares reserved for them.
Gitanjali Angmo, wife of education reformer Sonam Wangchuk, denies allegations of anti-national activities and challenges authorities to an open debate. She claims the charges are baseless and accuses a witch-hunt to weaken the movement for Ladakh's Sixth Schedule protections. She questions the sudden portrayal of Wangchuk as anti-national and highlights his numerous honours and innovations.
Assamese singer Zubeen Garg died in a water accident in Singapore. His manager and NEIF chief organiser have been detained and arrested, and the SIT is investigating their involvement. Notices have been issued to members of the Singapore Assam Association, and they have been urged to record their statements with the authorities. Financial aspects are also being probed.
Zerodha, one of the leading brokerage houses in the country, experienced a significant decline in its brokerage revenue for the first quarter of FY26. Founder Nithin Kamath acknowledged the hit in a blog post and hinted at the need to pivot the business.