Waaree Energies, a top solar module manufacturer, is committed to expanding in the US despite a trade probe. CEO Amit Paithankar emphasized the importance of the US market and their cooperation with authorities. The investigation centers on potential tariff evasion through mislabeling Chinese products as Indian. Waaree Energies is investing in increasing production capacity
Former national security advisor to Trump, John Bolton, faces 8 counts of sharing classified information and 10 counts of retaining it at his home. He denies any wrongdoing and believes the charges are an attempt by Trump to intimidate his opponents. Bolton is expected to surrender to authorities on Friday.
Tamil rom-com 'Dude' released to mixed reviews on social media. While some praise the film's Gen Z vibe and lead pair's chemistry, others criticize its slow pace in the second half. The movie, written and directed by Keerthiswaran, has collected Rs 3.89 crore from advance booking.
Paytm founder Vijay Shekhar Sharma showcased the company's Made-in-India Paytm AI Soundbox to Union Minister for Commerce and Industry Piyush Goyal, reaffirming their commitment to PM Narendra Modi's Atmanirbhar Bharat vision. The device aims to make technology and AI more inclusive for small and micro businesses.
A star-studded breast cancer charity event in South Korea hosted by W Korea and attended by top celebrities like BTS and Jay Park faced backlash for focusing more on glamour than raising awareness and funds. Despite the criticism, the 20th annual Breast Cancer Awareness Campaign Charity Event drew a large crowd of K-pop idols and actors to a hotel in Seoul on October 15 KST.
NYC mayoral debate saw heated exchanges between Zohran Mamdani and Andrew Cuomo as they clashed over Mamdani's connection with the Muslim community and his past support of the "globalise the intifada" slogan. Cuomo accused Mamdani of being antisemitic, while Mamdani clarified that he no longer stands by the slogan.
Congress releases first list of 48 candidates for Bihar Assembly elections, with state unit chief Rajesh Ram and CLP leader Shakeel Ahmad Khan among them. Party still negotiating with allies for seat-sharing. Nomination deadline for first phase is October 17 and for second phase is October 20. Youth chief Prakash Garib Das also selected.
Ace Frehley, original lead guitarist of Kiss, died at 74 from a head injury. His family mourns his loss and remembers his iconic 'Space Ace' persona and guitar solos. Despite financial struggles, his love for music never wavered. He leaves behind a lasting legacy.
Wipro's share price dropped by 4.56% after the company posted its quarterly earnings for Q2 FY26. Jefferies predicts more downside for the stock, citing limited earnings growth and low dividend yields. Wipro's Q2FY26 results showed a slight increase in profit and revenue, with a positive outlook for Q3. The company also reported significant deal wins.
Infosys' Q2FY26 earnings saw a 2.2% QoQ revenue growth in constant currency terms, with some brokerage firms remaining positive on the stock's long-term prospects and others staying cautious. Nomura maintained a 'Buy' rating with a 16.8% upside potential, while Nuvama trimmed its target price to Rs 1,800 but still retained a 'Buy' rating.
UP CM Yogi Adityanath has increased DA and DR for state employees and pensioners by 3 per cent. This move would benefit 28 lakh people. The revised DA will increase from 55% to 58% of basic pay, effective from July 2025, resulting in an additional expenditure of Rs 1,960 crore for the state. This, the CM said, will improve the standard of living for workers and pensioners.
Indian equity indices opened lower on Friday, with the NSE Nifty 50 and BSE Sensex falling 0.11% and 0.09% respectively. The Bank Nifty, small and midcap stocks also opened weak. The market is resilient and technically strong, with short covering in leading stocks. Good results from HDFC and ICICI, along with RIL joining the rally, can sustain the momentum.
Israeli Ambassador to India thanks PM Modi for supporting Israel's right to self-defence and US's peace plan. Hopes for peace in the region. Family member of hostages praises strong India-Israel ties. After 2+ years, last of 20 hostages return home to Israel.
The first fiery NYC mayoral debate took place with candidates Mamdani, Cuomo, and Sliwa answering bombshell questions on rent, Israel's war, immigration, and marijuana use. Mamdani admitted to buying marijuana, while Cuomo denied it and Sliwa used it for medical reasons. The second debate is scheduled for October 22, with focus on Mamdani and attacks on Cuomo's sexual harassment allegations.
The Trump administration is against the global carbon tax proposed by the IMO and is urging other nations to support its stance. The US has issued a joint statement warning of economic impacts and consequences for countries that support the tax. It has also threatened penalties on nations that support it to protect its economic interests.
Amit Shah defends electoral roll cleanup, stating it aims to remove ineligible voters and prevent fraud. He criticises Congress for protesting, saying it would affect their vote bank in border areas with infiltrators. SIR process necessary for integrity of democracy.
A cyber attack on F5, a US cybersecurity company, is believed to be carried out by state-backed hackers from China. The US government has issued a warning about a cyber threat actor targeting federal networks through vulnerabilities in F5 products. China denies involvement and condemns hacking. The identity of the hackers has not been confirmed.
Malabar Gold & Diamonds is facing backlash for collaborating with Pakistani influencer Alishba Khalid, who made anti-India comments during Operation Sindoor and supported Pakistan's actions. This led to massive social media backlash, with some even giving boycott calls, saying that they would never buy gold from the Kerala-based company.
Three people died in a plane crash in Bath Township, Michigan. The victims' identities are unknown, and the cause of the crash is being investigated. Videos of the incident have surfaced on social media, and the plane is believed to be a Mexican-registered Hawker 800XP. The Federal Aviation Administration is looking into the matter and a press conference is scheduled for updates.
U.S. President Donald Trump and Germany's Merck KGaA have struck a deal to cut the cost of in-vitro fertilization drugs in exchange for protection from tariffs. The agreement also includes Merck offering new drugs at the same prices as in other developed countries, and expanding insurance coverage for fertility care.
Motilal Oswal has chosen 10 stocks this Diwali with potential growth of up to 38%. These include State Bank of India, Bharat Electronics, Mahindra & Mahindra, Swiggy, Indian Hotels, Max Financial, Radico Khaitan, Delhivery, LT Foods, and VIP Industries. The brokerage sees strong growth potential in these stocks due to factors such as government reforms, product launches, and market share gains.
"Kantara: A Legend - Chapter 1" has been a blockbuster hit, earning high praise for its stunning visuals and gripping storyline. However, the film's success was questioned when its second week saw a decline in collections. Director-actor Rishab Shetty faced immense challenges in creating the film, with a massive budget and shooting in real forests with a large crew.
Reliance Industries to announce second quarterly results for FY 2026 today, expected to show 13-14% year-on-year EBITDA growth. JPMorgan predicts 14% rise in consolidated EBITDA, driven by improved O2C margins and telecom tariff hikes. ICICI Securities expects 8% y-o-y increase in PAT, with retail segment earnings up 10%. Axis Capital estimates 10% y-o-y revenue growth and 14% y-o-y EBIT
Economists estimate that the number of Americans filing for jobless benefits dropped last week, despite lackluster hiring and the ongoing government shutdown. The labor market remains stagnant, with low layoffs and hiring, and small businesses showing signs of a slowdown. The unemployment rate remains high at 4.3%, and the number of people receiving benefits after initial claims has not improved.
Trump warns of potential military action against Hamas if it continues targeting civilians in Gaza. This comes after his comments on the humanitarian situation in Gaza and the need for Hamas to comply with the US-brokered peace agreement. He stresses that the group must surrender its weapons and warns of decisive action if they fail to do so.
India and the US are discussing strengthening their energy relationship, but the Ministry of External Affairs did not confirm or deny Trump's statement about India stopping Russian oil imports. Russia is now India's main oil supplier due to discounts after their invasion of Ukraine. India aims to double energy purchases and diversify sourcing, despite Trump's tariffs.
PM Narendra Modi inaugurated two greenfield industrial parks in Andhra Pradesh, with an investment of Rs 4,920 crore, to establish the state as a major industrial hub. He emphasized India's ambition to become a "Viksit Bharat" by 2047, driven by its growing manufacturing prowess. These parks, along with 12 others, aim to attract Rs 21,000 crore in investment and create 1,00,000 jobs.
India is experiencing a transformative shift with the emergence of Global Legal and Compliance Centres (GLCCs), which serve as both support systems and drivers of legal innovation and governance excellence. These centres, with a workforce of 6,000 lawyers across sectors, have become crucial hubs in guiding global business decisions.
Tarun Garg, the new MD and CEO of Hyundai Motor India, has a successful history of turning the company around during a tough time. He aims to tackle challenges such as competition and the need for diversification and focus on alternative fuels. His goal is to improve profitability, not just market share.
OpenAI CEO Sam Altman addressed concerns about the upcoming Adult mode for ChatGPT, stating that they will prioritise the safety of teenagers over their freedom. The policy will have varying restrictions for different users, including those with mental health issues. Altman also announced that more adult content, such as erotica, will be allowed for verified adults in December.
L&T Finance aims for growth in two-wheeler, personal, and gold loans in H2FY26, driven by GST demand and branch expansion. CEO Sudipta Roy talks about their digital push and plans to become a fully retail-focused lender in 3 quarters.
Titagarh Rail Systems (TRSL) plans to increase production of passenger coaches from 12 to 240 coaches in FY27, driven by orders for Vande Bharat sleeper trains and metro projects. By 2028, the company aims to produce 850 coaches per annum. The PRS division constitutes 62% of the company's order book, and is expected to contribute 50% to total business in 4-5 years.
Rolls-Royce and Bharat Forge have joined forces to produce fan blades for the Pearl 700 and Pearl 10X engines, in line with Rolls-Royce's plan to increase its sourcing from India by 2030. This partnership will enhance India's manufacturing capabilities and provide precision aerospace components for the global supply chain.
Indian Bank reported an 11% increase in net profit for the second quarter, driven by higher interest income and lower provisioning for bad loans. The bank's net interest income grew 6% and operating profit edged higher. Non-interest income remained flat due to a decline in bad debt recoveries and fee income.
SBI and Nabard to raise Rs 14,500 crore through bonds on Friday, with SBI offering a coupon rate of 6.90-6.95% for 10-year Tier 2 bonds. This is the first major bond issuance by a bank this financial year, as banks have stayed away from the market due to ample liquidity and muted credit growth. Nabard will also raise Rs 7,000 crore through a bond, encouraging other players to follow suit.
The Indian pharma sector is not impacted by the US's 100% tariffs on branded and patented products, as it primarily exports generics. However, there are concerns about potential future changes to the tariff policy.
Infosys, India's second-largest IT services firm, exceeded expectations in the second quarter of the current financial year. It revised its revenue growth guidance for FY26 to 2%, citing improved visibility and strong deal wins, even as the macroeconomic situation remained unstable.
Amazon India's Great Indian Festival 2025 has seen a massive response with 2.76 billion customer visits, majority from tier 2 and 3 cities. The sale has already saved customers over Rs 1,000 crore and has shown significant growth for sellers and brand partners. The platform also saw a rise in seller registrations, Prime memberships, and Amazon Pay transactions.
India's commerce and industry minister Piyush Goyal highlights the country's appeal as a trade and investment destination through its free trade agreements with developed nations. Agreements have been signed with Australia, UAE, EFTA, and the UK, and talks are ongoing with the US, EU, Chile, Peru, New Zealand, Oman, Brazil, MERCOSUR, and Chile for expanded trade agreements.
Eternal's Q2 FY26 profit decreased by 63% due to higher expenses from investments in quick-commerce. Revenue from operations grew by 2.8 times, but this was mainly due to a change in Blinkit's business model. Material costs accounted for 56% of expenses. The food delivery business showed improvement, but Hyperpure's revenue declined.
RBI governor Sanjay Malhotra highlights India's dedication to global cooperation in digital infrastructure for inclusive economic growth. This includes the use of DPPs and open & interoperable systems, with India being a successful example. The country is also collaborating with other nations in digital identity and payments, with 27 countries adopting the MOSIP.
IT services companies, including TCS, Infosys, HCLTech, and Wipro, saw a return to growth in the July-September quarter. This was due to improved client decision-making and increased deal execution, as well as a focus on AI-driven productivity and automation. Infosys stood out as the top performer, but management remains cautious with spending.
Ola Electric has launched Ola Shakti, a portable device powered by its own 4680 Bharat Cells, for the battery energy storage systems market. The company aims to scale up its annual Gigafactory consumption to 5 GWh in the next few years. The system boasts industry-leading efficiency, zero maintenance costs, and smart capabilities. Introductory prices range from Rs 29,999 to Rs 1,59,999.
Wipro, India's fourth-largest IT firm, saw a slight increase in revenue and net profit for the September quarter due to large deal wins. However, net profit fell short of expectations due to one-time costs and margin pressure. Despite a tough economy, Wipro secured $4.7 billion in deals by focusing on vendor consolidation and cost optimization. IT services business is expected to grow at -0.5%.
India and MERCOSUR have agreed to expand their trade agreement within a year, aiming to boost bilateral trade and resolve tariff and non-tariff issues. The current agreement, signed in 2004, covers hundreds of products and involves private sector and other stakeholders. The new joint declaration emphasizes the importance of collaboration for a successful negotiation process.
Madhya Pradesh to launch Bhavantar scheme to protect soyabean farmers from falling mandi prices. Government to compensate farmers for price difference between market price and MSP. Scheme to benefit 0.6 million farmers, starting October 24. Model rate based on market average, transferred through DBT to farmers' bank accounts. Digital platforms to be used for efficient implementation.
Zee Entertainment reported a 63% drop in net profit to Rs 76.5 crore in Q2 of FY26, with a 2% decrease in revenue. Zee5 achieved its highest-ever topline of Rs 300 crore, with a 32% increase YoY. EBITDA losses for Zee5 reduced by 80% and the company is on track to achieve profitability in its digital business. Advertising revenue fell due to a slowdown in FMCG spending, but
Nestle India's Q2 profits dropped by 23.6% due to rising input costs, but its stock rose by 5% and revenue increased by 10.6%. The company remains positive about the future and reported strong growth in its pet food business. It plans to prioritize volume growth and invest in brands and manufacturing capacity for future growth.
The Centre plans to introduce a credit guarantee scheme for MSME exporters to counter the effects of US tariffs and facilitate expansion into new markets. This scheme, similar to MCGS, will have simplified terms and lower upfront deposits.
The stagnant National Floor Level Minimum Wage (NFLMW) since 2017 has exacerbated the income crisis for daily-wage workers. Despite the Centre's power to revise it every two years, no action has been taken, resulting in unequal wages across states and industries. The NDA government has passed the Wage Code, but its implementation is pending.