The Trump administration may not impose tariffs on generic medicines, a move that would benefit India as the US is a major market for their exports. However, there is a debate within the administration over the potential effects of tariffs on affordable generics, with concerns over higher drug prices and shortages.
Indian-American entrepreneur and Ohio governor candidate Vivek Ramaswamy recently spoke at a Turning Point USA event in Montana, addressing questions about his Hindu faith and its alignment with the Christian-dominated organization. He confidently defended his beliefs and highlighted the shared values of the country, citing the US Constitution's stance on religious eligibility for office.
India's Defence Minister Rajnath Singh met with Australia's Deputy Prime Minister and Defence Minister Richard Marles to discuss defence cooperation, industry partnerships, cyber defence, and maritime security. They signed important defence agreements, with Marles praising the partnership. Singh also thanked Australia for their support against cross-border terrorism.
The INDIA bloc is likely to name RJD leader Tejashwi Yadav as the CM's face for the Bihar election and appoint three deputy CMs from various groups - one Muslim, Dalit and extremely backward classes. The seat-sharing formula is almost finalised, with RJD contesting on 130 seats. This decision has been praised by alliance members for promoting inclusivity.
Tata Consultancy Services (TCS) will release its Q2FY26 earnings today, with a focus on performance indicators, dividend announcements, and market reactions. Despite a recent 5% surge in share price, TCS has seen a negative return of 6% in the last six months. The company may also declare a second interim dividend for FY2025-26, with October 15 as the record date for eligible shareholders.
SEBI has made changes to block deal regulations, increasing the minimum order size to Rs 25 crore and expanding the price band to 3%. The block deal windows have also been extended, with a morning window from 08:45 AM to 09:00 AM and an afternoon window from 02:05 PM to 2:20 PM. This is aimed at increasing market liquidity and encouraging smaller deals in the cash market.
British PM Keir Starmer is committed to implementing the FTA with India quickly, despite a potential year-long ratification process in the UK. The CETA will eliminate tariffs on 99% of Indian exports and aims to double trade to $120 billion by 2030. Starmer's visit to India is the largest trade mission ever sent by the UK.
Indian equity indices opened higher, with Nifty 50 and Sensex rising 0.09% and 0.11% respectively. Bank Nifty opened lower, while small and midcap stocks opened higher. Early gainers include Dr Reddy’s Lab, Zomato, and Infosys, while Tata Motors and HDFC Bank were among the laggards. JSW Cement commissioned a new unit, Lupin, to set up a manufacturing facility in Florida, and Senco Gold.
Startups are sacrificing a significant portion of their ownership to rapidly expand and gain market dominance, but this could have negative effects in the future. This is due to the pressure to grow quickly and the unpredictable fundraising market. Dilution can limit a founder's control and make future funding rounds more challenging.
Country music icon Dolly Parton assures fans of her good health after her sister's plea for prayers. She thanks fans for their support and jokes about her appearance while working on a set. Parton also opens up about her struggles this year, including her husband's passing and a kidney stone. She debunks fake AI-generated images of her and another artist.
The owner of the company behind the contaminated Coldrif cough syrup has been arrested by Madhya Pradesh police after a reward was announced for his capture. The doctor who prescribed the syrup has also been arrested, sparking criticism from the Indian Medical Association. The syrup has been banned in multiple states, and investigations are ongoing.
SBI Securities has identified top stocks for Diwali 2025, including HDFC Bank and Apollo Hospitals, with expected returns of 14% and 13.2%, respectively. They also recommend TVS Motor Company and NSDL, which have potential upside of 13.2% and 15.2%. The brokerage firm believes that FY27 will see double-digit earnings growth and comfortable valuations, with triggers like rate cuts and GST 2.0.
Elon Musk's X Corp has reached a settlement with former Twitter executives, including ex-CEO Parag Agrawal, in a $128 million severance pay lawsuit. The terms of the agreement remain undisclosed. The executives had sued Musk after they were laid off following his takeover. In a separate case, 6,000 former Twitter employees have also sued for compensation.
President Trump vowed to take aggressive action against antifa and called for assistance in identifying their supporters. He also threatened to take action against left-wing groups and donors, despite lack of evidence connecting them to recent violence. Trump met with right-wing media figures to discuss violence against conservatives.
IMF Managing Director Kristalina Georgieva says the world economy is showing resilience despite multiple shocks, with global growth only slightly slowing this year and next. However, there are still risks and uncertainties, such as trade tensions and a potential market bubble around artificial intelligence. Georgieva urges countries to boost productivity, consolidate spending, and reduce debt.
US President Donald Trump has claimed credit for ending seven wars and says he is close to settling an eighth. He said that he deserves a Nobel Peace Prize, but says the committee may find a reason not to award it to him. The Nobel Prizes, including the Peace Prize, will be announced this week, recognising contributions to science, medicine, literature, and peace.
President Trump announced that Israel and Hamas have agreed to the first phase of a peace plan to release all hostages and withdraw troops from Gaza. The timing of the agreement coincides with the 2-year anniversary of a deadly Hamas attack. The plan was praised by Israeli Prime Minister Netanyahu and welcomed by the United Nations.
Trump ordered 500 National Guard troops to Chicago, despite objections from the mayor and governor. He criticized them for opposing his immigration policies and called for their jailing. The administration claims the protests are violent, but they have been mostly peaceful. Trump has threatened to send troops to other cities to protect federal personnel and stop crime.
Indian authorities have issued a warning against two cough syrup brands following the death of 17 children who consumed it. The World Health Organization has expressed concern over the lack of regulation in screening locally-sold syrup medicines. The toxic ingredient, diethylene glycol, was found in excessive amounts, leading to the shutdown of the responsible companies.
Stocks to watch on October 9, 2025: TCS, Tata Elxsi, Coal India, Solar Industries, IRB InvIT, UGRO Capital, Lupin, GR Infraprojects, and Senco Gold. Indian benchmark indices ended slightly lower on October 8, with TCS in the spotlight for its Q2 FY26 results and Tata Elxsi's Board of Directors meeting to review financial results.
President Trump announced that Israel and Hamas have reached an agreement for the first phase of their peace plan, including the release of hostages and withdrawal of Israeli troops. He thanked mediators from Qatar, Egypt, and Turkey and plans to travel to the Middle East to finalize a ceasefire. Palestine has accused Israel of a "genocidal war" in Gaza, affecting over 237,000 Palestinians.
India's outward foreign direct investment decreased to $4.41 billion in September, with equity commitments seeing a significant rise. Loan-based FDI and guarantees extended to overseas subsidiaries dropped, while outbound flows jumped from $2.59 billion in August. Major outbound deals in September included investments in Luxembourg, the Netherlands, and the UK.
Navi Mumbai's new international airport has sparked a frenzy for land and housing in neighboring areas, causing real estate prices to skyrocket even before its official opening. The airport, inaugurated by Prime Minister Narendra Modi, is set to begin commercial operations in December. According to experts, land rates have increased by 50-60% and residential prices by 20-40%.
Driverless cars are becoming a reality in Silicon Valley, with robotaxis in San Francisco and shuttles in Shenzhen. India is slowly adopting this technology, with companies like Tata Motors, Mahindra, and Ashok Leyland incorporating smart driver-assist features. Start-ups like Minus Zero, Swaayatt Robots, Flux Auto, and Flo Mobility are also working towards full autonomy in India's traffic.
Digital twins are virtual replicas of physical infrastructure that are becoming crucial for cities and industries to plan, build, and operate efficiently. With India's infrastructure push, smarter tools like digital twins are necessary to provide visibility, scenario modeling, and predictive insights to avoid cost overruns and accelerate development.
Tata-owned CaratLane sees high demand for 9-carat gold collections, particularly in gifting. Affordable options starting at ₹5,000 now available in retail stores alongside online. Despite gold price hike, success of diamond and lighter gold jewellery maintains growth. Aiming for 20% growth this fiscal and expanding to UK market.
Revolut, a UK-based fintech company valued at $75 billion and backed by Tiger Global, is launching in India after four years. They offer prepaid products like a UPI-integrated wallet, domestic prepaid card, and prepaid forex card on Visa. Their target market is the 'Next 200 Million' Indians, focusing on aspirational youth and credit-averse individuals.
Gnani.ai has launched a lifelike digital human avatar that can converse in 14 Indian languages. The avatar, created using the HumanOS platform, mimics a person's appearance and speech style, making it more natural and expressive. It has potential applications in banking, telecom, and retail, including video KYC and customer support.
JioStar CEO predicts kabaddi and football to drive India's sports economy alongside men's cricket and IPL. Technology, fandom, and inclusivity will be crucial factors in this growth, with initiatives like Women's Premier League and AI-driven highlights shaping the future of sports consumption.
PFRDA Chairman S Ramann announced plans to launch new pension schemes targeting gig workers, MSMEs, FPOs, and SHGs. The body is also considering including commodities in investment guidelines. The focus is on deepening penetration, and addressing customer feedback by proposing alternatives to forced annuity. Incentives have been introduced to encourage enrollment in underpenetrated territories.
Sebi chief emphasizes collaboration between fintech and regulations at Global Fintech Fest 2025 for a secure and thriving financial ecosystem. Indian securities market transformed by innovation and intent, with technology as a key driver. Investor participation at 134 million and Sebi implements measures like Validative UPI Handles and Sebi Check to safeguard against fraud.
Nandan Nilekani, co-founder of Infosys, introduced Finternet at the Global Fintech Fest, a new innovation set to launch next year. Finternet's goal is to connect financial ecosystems worldwide, unlocking trillions in assets, using tokenisation and AI. Nilekani announced 20 ecosystem partners and plans to showcase live examples in different sectors.
Honda Motor Company's Indian subsidiaries, HMSI and HCIL, had contrasting financial results in FY25. While HMSI experienced growth in revenue and net profit, HCIL saw a decline in net profit despite an increase in revenue. HMSI's success was attributed to higher production volumes, leading to a strong market position and improved efficiency.
The ethanol industry is struggling with overproduction and limited demand from state-run oil companies. While the government's blending program has brought savings, there is a freeze on new investments. To address this, the industry is looking for ways to utilize its excess production. Expansion in the grain-based sector is needed, as only 250 units currently exist.
"Ministry of Finance approves Rs 7,300 crore scheme to boost domestic production of rare earth magnets, expected to be approved by Cabinet. Seven-year plan aims to create self-sustaining ecosystem for magnets used in electric vehicles, wind turbines, and defence systems. Production target increased to 6,000 metric tonnes per year to meet demand by 2030."
India's 6G ambitions, through the Bharat 6G Alliance, aim to contribute $1.2 trillion to GDP by 2035 and own 10% of global 6G patents. The country is also rapidly growing in satellite communications, with the market expected to triple to $15 billion by 2033. The government is focused on expanding physical and digital infrastructure and India's digitally skilled workforce.
CPSEs and central agencies like railways and NHAI recorded a 60% growth in capital expenditure in September, indicating a strong focus on infrastructure development. Cumulative capex for April-September 2025 stood at Rs 3.85 lakh crore, showing a strong momentum in government-led economic initiatives. Indian Railways and NHAI are leading the infrastructure push with a target of economic growth.
The death toll of children who consumed contaminated cough syrup in Madhya Pradesh has risen to 20. The CDSCO found that drug companies did not follow testing rules. The WHO is seeking clarification on exportation. The government plans to improve supply chain and reduce risks by disincentivising the use of propylene glycol, believed to be the cause of deaths.
At the India Mobile Congress, Reliance Jio chairman Akash Ambani highlighted India's strength in the technology value chain and Jio's commitment to driving innovation. COAI director general SP Kochhar praised the event for showcasing India's progress in innovation and stressed the importance of a balanced ecosystem for sustained and inclusive growth in the technology sector.
Bharti Airtel's Gopal Vittal stresses the importance of a new global framework to combat cybercrime and digital fraud. He emphasizes the need for collaboration among companies and the creation of international institutions, while urging regulators to adapt to the evolving risks in the digital era. This comes after a retired citizen lost his life savings to an online scam.
India has become the third-largest solar energy producer with a capacity of 125 GW. It aims to achieve 500 GW of renewable energy by 2030, with a major focus on solar energy. The International Solar Alliance, a joint effort with France, plans to attract $1 trillion in solar investments by 2030. India is also looking to increase domestic manufacturing and collaborate with other nations.
0 technologies
PM Modi urges investment and innovation in India, highlighting its democratic setup, investor-friendly policies, and digital capabilities. Government efforts to accelerate reforms and promote manufacturing and innovation were emphasized. India's potential as a semiconductor hub and progress in telecom and digital sectors, making it a leader in 4.0 technologies, were also praised.
NITI Aayog proposes a national mission, Digital ShramSetu, to make AI accessible and impactful for India's 490 million informal workforce. The aim is to achieve high-income status by 2047 by bridging the income gap and transforming low-productivity jobs. The mission suggests creating a trust ecosystem and incentivizing adoption of frontier technologies, with apex body chaired by the government.
The Indian government plans to allow e-commerce companies with foreign holdings to create their own inventory for exports, in order to boost e-commerce exports without harming small retailers. The global e-commerce market is projected to reach $2 trillion by 2034, with India aiming for $200-300 billion by 2030. Policies like e-commerce export hubs and incentives like RoDTEP.
Indian Railways sets new record in infrastructure spending, utilizing 56.5% of annual capital expenditure in first half of FY26. Total budgetary grants of Rs 2.52 lakh crore, with Rs 1.42 lakh crore invested in April-September. Focus on modernizing rail network, with investments in capacity, safety, rolling stock, and customer amenities.
The Indian government has allocated Rs 900 crore for a National Satcom Monitoring facility to protect the country's data resources and spectrum assets. The Indian Satcom market is expected to triple by 2033. The government has granted licenses for satellite broadband services and aims to provide 5G connectivity to 99.9% of the population.
At the Global Fintech Fest, Commerce and Industry Minister Piyush Goyal praised India's trust as its greatest asset in global finance. He credited PM Modi's leadership and Viksit Bharat 2047 vision for the country's success in digital infrastructure, fintech innovation, and trade resilience. Despite challenges, India's exports and IT services have grown, aided by GST.
LG Electronics India Ltd's IPO received 3.32 times subscription on the second day of bidding, with bids for 23,70,85,836 shares against 7,13,34,320 shares on offer. The IPO is valued at Rs 11,607 crore and will conclude on Thursday, with the price band set at Rs 1,080 to Rs 1,140 per share. The company, which collected Rs 3,475 crore from anchor investors, is expected
The first death anniversary of Ratan Tata, former chairman of Tata Group, is being commemorated with remembrance events. However, the Tata family is facing discord within Tata Trusts, leading to government intervention. The SP Group, owning a significant stake in Tata Sons, is seeking a listing to reduce debt. A truce between the two factions is being sought.
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.