President Droupadi Murmu and Vice-President C P Radhakrishnan expressed their condolences for the 20 passengers who lost their lives in a tragic bus fire in Rajasthan. The bus, carrying 57 passengers, caught fire on the Jaisalmer-Jodhpur highway, leaving 16 critically injured. Prime Minister Narendra Modi announced an ex gratia of Rs 2 lakh and rescue efforts were underway.
Former Republican presidential candidate Vivek Ramaswamy started an ‘AI vs Human’ debate on October 14 with a tweet cautioning against Artificial intelligence that masters in mimicking human emotions too closely.
The Trump administration's plan to use the government shutdown to cut jobs has only resulted in a fraction of the expected number of dismissals. The President is using the shutdown as a bargaining tool but is facing legal challenges and criticism from lawmakers and unions. A federal judge will hear the case on October 15.
A massive explosion in an autobody shop sparked a five-alarm fire in Hillside, New Jersey, causing multiple businesses and homes to be consumed. One firefighter was injured and 20 residents were displaced. The fire chief warned of toxic smoke and the mayor called it one of the worst fires in the area in 18 years. The cause of the explosion is still under investigation.
Mishra Dhatu Nigam (MIDHANI) has secured a new order worth Rs 306 crore, bringing its total open order position to around Rs 2,212 crore. The Hyderabad-based defence PSU plays a crucial role in strengthening India's defence and space sectors. It has formed a joint venture with NALCO to set up a high-end aluminium alloy production plant.
President Trump honored the late conservative activist Charlie Kirk with the Presidential Medal of Freedom, praised for his dedication to truth and freedom. Kirk's widow accepted the award and thanked Trump for prioritizing the event. Trump commended Kirk for inspiring young voters and condemned violence from the "far-left."
A 59-year-old Arab American businessman, Eddie Jawad, was shot outside his $1.9 million mansion in Michigan on Tuesday morning. He owns over 20 gas stations and the shooting was believed to be a targeted attack. Detectives are looking for a dark SUV seen fleeing the scene. Jawad's wife reported that the shooter jumped out from behind bushes and it may involve more than one person.
Bank of Maharashtra, a public sector lender, saw a 23.09% increase in net profit for the September quarter due to higher net interest income and improved asset quality. The bank's operating income and return on assets also showed significant growth. The CEO praised the bank's strong performance, particularly in low-cost deposits and various segments.
India's retail inflation reached an eight-year low in September, but UBS predicts that the full impact of the GST rate cut will be seen in October. The global brokerage expects inflation to average at 2.4% in FY26, thanks to factors like good monsoons, low energy prices, and the GST rate cut. However, core inflation, which excludes food and fuel, rose to 4.5% due to higher gold prices.
Sanjeev Prasad, MD of Kotak Institutional Equities, expects a decline in consumer demand due to slow private investment and job scarcity. He foresees a stable market with limited growth potential and high valuations, but is optimistic about earnings and future growth. However, foreign investors may not return until conditions improve.
India Post will resume postal services to the US on October 15, after being suspended since August 25 due to duty exemption removal by the Trump administration. The new DDP system will collect customs duties upfront in India and remit them to US Customs, providing cost advantages for small exporters. The system has been tested and ensures compliance and faster customs clearance.
Former Goa CM Ravi Naik, a respected leader known for his humility and dedication to public welfare, passed away at 79 due to a cardiac arrest. He had a long and successful political career, serving as MLA and CM multiple times. Thousands paid tribute to him as his mortal remains were brought to his residence.
US President Donald Trump has once again accused the BRICS bloc and its members of undermining the strength of the US dollar. During a meeting with Argentine President Javier Milei at the White House on Tuesday, Trump said the United States would impose new tariffs on countries choosing to work alongside BRICS.
Despite US attempts to cut trade with Russia due to the Ukraine crisis, India remains the largest supplier of oil to the country, accounting for 34% of imports in September. While there has been a 10% decrease in imports in the first eight months of 2025, overall crude shipments from Russia have reached a 28-month high.
The US Department of State revoked visas of 6 foreigners who celebrated the assassination of right-wing activist Charlie Kirk, after he was awarded the Presidential Medal of Freedom. President Trump and Secretary of State Marco Rubio promised to protect the country's borders and remove any foreigners who wish harm upon Americans. The State Department shared screenshots of social media posts.
Goldman Sachs Group Inc. has told employees to be ready for another round of job cuts this year, even as the Wall Street giant posts record profits. The bank is said to be going through a major internal transformation, looking to cut costs across its businesses while using artificial intelligence to make operations smoother and boost long-term growth, Bloomberg reported.
Ashley Tellis, a US policy expert of Indian origin, has been arrested for allegedly keeping secret government documents and meeting with Chinese officials. The 64-year-old is accused of unlawfully holding information pertaining to national defence, including over a thousand pages of top-secret and classified documents.
IMF raises India's growth forecast for 2025/26 by 0.2%, citing strong first-quarter carryover and offsetting impact of high U.S. tariffs. India remains fastest growing major economy with 7.8% GDP growth in April-June, thanks to strong private consumption. However, IMF lowers growth forecast for next fiscal year by 0.2%.
Nomura sets a target price of Rs 365/share for Tata Motors' CV entity and Rs 367/share for PV entity post-demerger. The PV entity includes domestic PV business, Jaguar Land Rover, and other investments, while the CV entity comprises domestic CV business, Iveco, and Tata Capital.
The US labor market is stagnant, with low hiring and firing rates. However, Federal Reserve Chair Jerome Powell believes the economy may be stronger than expected. Policymakers are struggling with balancing job market weakness and high inflation. Despite tension between spending and job creation, Powell urges a balanced approach to interest rate cuts.
Mutual funds allocated Rs 400 crore from cash balances in September, led by Kotak MF, Nippon India MF, and Quant MF. Some schemes increased cash buffers, while others showed a tilt towards equity.
HCLTech and TCS have different approaches to AI, with TCS investing in infrastructure while HCLTech focuses on partnerships and proprietary IP. TCS aims to be the world's largest AI-led tech company, while HCLTech targets service transformation. HCLTech's AI revenue hit $100 million in September, but wage hikes may affect margins.
Indian Railways introduces three new freight projects to enhance logistics and connectivity: a container train service between Delhi and Kolkata, a parcel service between Mumbai and Kolkata, and an integrated logistics hub at Sonik.
Indian renewable company ReNew Energy Global has received a revised non-binding proposal from key shareholders to acquire shares at $8.15 per share, a 15.3% increase from the initial offer. A special committee has been formed by the board to consider the 28.5% premium to the undisturbed share price. Active discussions are ongoing with the consortium and a potential transaction is being evaluated.
Two Brothers Organic Farms receives ₹110 crore in Series B funding, led by 360 ONE Asset and joined by Rainmatter Investments, Narotam Sekhsaria Family Office, and IGNITE Growth LLP. The investment will drive growth and global expansion, including investments in manufacturing, farmer training, technology, and new markets.
India and Saudi Arabia held discussions on investing in India's apparel and textiles industry, focusing on government initiatives. The dialogue emphasized opportunities for Saudi investment in ready-made garments and strategies to increase production and market presence.
LT Foods, the owner of Daawat rice brand, is acquiring Global Green Europe Kft for 25 million euros to expand in the European packaged food market. The deal includes an upfront payment of 6 million euros and an additional 1.8 million euros over two years. The company will also take on the target company's debt.
Brookfield Asset Management and Blackstone Group are competing to buy ESR-Allianz's 10-million-square-foot warehousing portfolio for around Rs 4,000 crore. The joint venture between ESR and Allianz Real Estate had previously called off a deal due to valuation mismatch. If Brookfield wins, it will be their first foray into warehousing, while Blackstone already owns ventures in the country.
Tech Mahindra's net profit grew by 4.7% in the second quarter, but fell short of Bloomberg's estimates. However, the company exceeded expectations in revenue and Ebitda, with margins increasing to 15.5%. This growth was attributed to operational efficiency and successful deals. Employee metrics showed steady growth and dependence on US H-1B visas was limited.
BSE is making changes to its options segment, switching from weekly to monthly expiries for index contracts. This has boosted their premium turnover market share and is expected to increase trading activity. However, regulatory changes in the F&O segment may pose a risk, causing a decline in stock prices. BSE maintains a Neutral rating with a target price of Rs 2,250.
A report reveals that India's frequent revisions in import tariffs for edible oils have caused market distortion, complicated import planning, and increased transaction costs. Duty hikes immediately raise retail prices, while cuts do not always benefit consumers.
Tata Consultancy Services aims to retrain 100,000 employees every year, a sixth of its global workforce, to keep up with advancements in AI. CTO Harrick Vin emphasizes the need for new testing and quality assurance methods due to the rise of generative AI.
Silver ETFs have seen a surge in premiums, forcing fund managers to halt investments. The metal's prices have hit an all-time high in the domestic market, with a 105% increase since January. The shortage of physical silver and high lease rates have caused this distortion.
EPFO has made it easier for subscribers to withdraw funds by merging 13 complex provisions into one streamlined rule. Three types of withdrawals are available for essential needs, housing needs, and special circumstances. Education and marriage withdrawals have been increased to 10 and 5 times respectively.
Silver prices have increased sharply, causing scarcity in the Indian market. Six fund houses have stopped new investments due to supply constraints and high premiums. Existing SIPs and STPs are still operational. While international silver prices have fallen, India's prices have reached an all-time high.
Uttar Pradesh government's tax waiver for electric and hybrid vehicles, introduced in 2022, has ended on October 13. The government has decided not to extend the relief, resulting in higher on-road prices for these vehicles. This temporary exemption had led to a surge in demand, making Uttar Pradesh a major market for hybrid vehicles.
The sugar industry is pushing for an increase in ethanol blending with petrol from 20% to 27%. They are prepared to support blending beyond E20 and are calling for a clear, time-bound national ethanol mobility roadmap. The industry has excess capacities and is ready to support E27 blending. They have also requested for GST rationalisation and consumer incentives to sustain the progress.
GE Aerospace's Pune facility is investing $30 million to increase production of jet engine components to meet post-pandemic aviation demand and global supply chain challenges. The facility, which serves as GE's $200 million manufacturing hub for aviation, energy, and healthcare, has doubled its output in the past five years and plays a crucial role in the company's global supply chain.
Analysts predict near-term pressure for lenders with high exposure to MSMEs or unsecured segment due to draft ECL framework. Private banks well-positioned, while public sector banks may see limited impact. RBI gives 5-year transition period, with higher provisions for credit-impaired loans. Cooling-off period may delay upgrades and recoveries.
LG Electronics India made a dream debut on the stock market, with a 50% premium over its issue price and a valuation of Rs 1.2 lakh crore. This puts the company ahead of its local competitors and even its South Korean parent's market cap. .
Mia by Tanishq, a part of Titan, plans to achieve a turnover of Rs 2,000 crore by the end of the current financial year. Its studded jewellery collection, including brands like Mia and Zoya, saw a high growth rate in Q2 of FY26, surpassing plain gold jewellery.
LG is ramping up its operations in India by increasing manufacturing, exports, and launching tailored products. It will also expand its portfolio with a new line of affordable and India-specific consumer appliances. The company is also focusing on expanding into new areas and reaching more customers in tier 2 and 3 markets.
Google announced a $15-billion investment in Visakhapatnam, Andhra Pradesh to set up its largest AI hub outside the US. The project, in partnership with Adani Group and Airtel, includes a data centre, subsea landing infrastructure, and clean energy generation. The hub will accelerate AI innovation, create sustainable digital infrastructure, and generate thousands of jobs.
Indian Railways will soon integrate MapmyIndia's Mappls technology for various railway applications, enhancing efficiency, real-time tracking, and passenger services. The co-founder of MapmyIndia, Rakesh Verma, discusses the company's collaborations with the government and expansion plans.
Infosys has won a £1.2 billion contract from the UK's NHS to build and manage a next-generation workforce management platform. The project, called the Future NHS Workforce Solution, will use AI and analytics to support the NHS's 10-year health plan.
The CEA has proposed a plan to increase India's nuclear power capacity to 100 GW through investments of Rs 19.28 lakh crore and allowing 49% FDI. The Budget FY26 has announced a Nuclear Energy Mission for SMR research with an outlay of Rs 20,000 crore. Amendments to the Atomic Energy Act and Civil Liability for Nuclear Damage Act will facilitate private sector entry.
Hero MotoCorp's electric vehicle arm, Vida, has overtaken Ola Electric to become the fourth-largest electric two-wheeler maker in India. This signals the return of traditional gasoline-powered manufacturers in the electric market. Ola Electric's decline is due to product quality and after-sales service problems.
BlackRock, the world's largest asset manager, is pushing for financial netting in Indian equity markets to make them more appealing to foreign investors. The Securities and Exchange Board of India (Sebi) is considering this and other reforms, such as securities lending and borrowing (SLB), to align with global standards.
Bengaluru-based drone delivery provider, Airbound, secured $8.65 million in seed funding from investors including Lachy Groom and Humba Ventures. The company plans to use the funds to expand its drone manufacturing and offer affordable delivery services, with a focus on medical deliveries.
India's wholesale price inflation and retail inflation have both decreased in September, with the former reaching a 99-month low and the latter an eight-year low. This is due to a decrease in food prices, including vegetables, pulses, cereals, and fuels. The cut in GST and rise in the manufacturing products index suggest that retail prices will continue to remain low in the coming months.