The Telangana High Court has put a hold on the state government's decision to reserve 42% seats for Backward Classes in the upcoming local body elections. The Supreme Court has dismissed the state's plea, causing a setback for Chief Minister Revanth Reddy. The HC has given four weeks to file a counter-affidavit and two weeks for the government to respond.
Markets are in a festive mood with Nifty and Sensex soaring over 1% and 800 points respectively. Banks, including Kotak Mahindra Bank and Axis Bank, have seen a sharp rally, while small and midcaps see brisk buying ahead of Diwali week. The possibility of a US-India trade deal, strong rebound of the rupee, and positive Q2 earnings outlook are driving the market surge.
The Indian government has partnered with the meat industry to create a fund that will aid in expanding market access for frozen buffalo meat. Exporters will contribute to the fund, which will be used for global market expansion and trade promotion. India is the second largest exporter of buffalo meat, with demand rising due to its high quality and nutritional value.
RBI sold $3 billion to $5 billion in spot and non-deliverable forward markets to support the rupee, its largest intervention in months. The rupee had come under pressure due to U.S. tariffs, weak equity flows, and gold imports. The interventions helped it post its biggest single-day advance in four months. Experts predict further appreciation following the RBI's move.
Hyundai Motor India is making major moves in the auto industry, with plans for a total investment of Rs 45,000 crore and 26 new models by 2030. Brokerages are optimistic, with potential for 20%+ stock growth. The company aims for 100% localization in EV manufacturing by 2027 and 30% of production to be exported by 2030.
JM Financial has initiated coverage on Zaggle Prepaid Ocean Services with a 'Buy' rating and a target price of Rs 520 per share, citing strong fundamentals and a potential upside of 44%. They note that India's corporate spending market is underpenetrated, providing a long runway for growth. Zaggle's customer stickiness and scalable SaaS-fintech platform give them an advantage in the industry.
Nestle CEO Philipp Navratil plans to cut 16,000 jobs in an effort to boost sales volumes, including 12,000 white-collar roles and 4,000 positions in manufacturing and supply chain, under its ongoing efficiency and growth initiatives. The company employs about 2.7 lakh people across the world.
India will host the 2030 Commonwealth Games in Ahmedabad, Gujarat, External Affairs Minister S Jaishankar confirmed on Thursday. He said that it is a proud moment for both India - the host country - and Gujarat - the host state. India previously hosted the 2010 edition in New Delhi.
Ola Electric has launched its first residential BESS solution, Ola Shakti, marking its entry into India's Rs 1 lakh crore market. The company aims to expand beyond two-wheelers and revolutionize energy consumption in Indian households, farms, and businesses. Ola Shakti uses advanced 4680 Bharat Cell and offers modular design, easy installation, and fast charging.
Pawan Kalyan's 'They Call Him OG' to premiere on Netflix on October 23, just four weeks after theatrical release. Mixed reviews from audience despite impressive box office collections. Budget of Rs 250 crore, but only earned 190.1 crore net at Indian box office, hinting at unmet expectations.
A 29-year-old woman has been arrested and charged for anti-India vandalism in Mississauga, Canada. The incident, which occurred on September 22, 2025, involved derogatory remarks towards the Muslim and Indian community spray-painted on a telecommunications utility box. The woman, Freda Looker-Rilloraza, has been released on conditions and is yet to appear in court.
Colliers India's latest data shows a 6% increase in new supply of industrial and warehousing spaces in the top eight cities during January-September. Delhi-Mumbai leads with nearly two-thirds of the total new supply, while 3PL players, engineering firms, and e-commerce companies are the major demand drivers. However, new supply fell in Ahmedabad, Bengaluru, Kolkata, and Pune.
IAS officer Maheshwar Rao held a review meeting with chief engineers to identify 100 critical roads in Bengaluru, addressing issues such as potholes, poor footpaths, inadequate lighting, flooding, and accident-prone black spots. This move follows Biocon founder Kiran Mazumdar-Shaw's criticism of the city's deteriorating infrastructure and aims to find long-term solutions.
Thamma, the latest horror-comedy from Maddock Films, is the only Bollywood release this Diwali, hitting theaters on October 21. The trailer has received mixed responses, while the Thamma team shared their filming experiences at a sneak-peak event. Ayushmann Khurrana, in his first time playing such a role, faced challenges and intense action scenes but added his signature humor.
Sunil Mittal, founder and chairman of Bharti Enterprises, is a telecom pioneer and one of India's first-generation billionaires. His group is famous for Airtel, with 600 million customers, and also has global ventures and investments. Mittal also leads Bharti Real Estate and Hospitality, with 5.5 million square feet of premium projects. He is India's fourth-richest person.
Infosys founder Narayana Murthy and wife Sudha Murthy have refused to take part in Karnataka government's caste survey, citing personal reasons. They believe their participation will not benefit the government. Only 25% of questions have been answered in Bengaluru, possibly leading to an extension of the census deadline.
FSSAI bans use of "ORS" in food products not following WHO formula to prevent sale of misleading products posing health threat to diarrhoea patients. Order mandates strict compliance with labelling and advertising rules. Paediatrician supports ban, urges avoidance of high-sugar drinks during diarrhoea. WHO recommends ORS for affordable and effective dehydration treatment.
Biocon founder Kiran Mazumdar-Shaw brought attention to Bengaluru's garbage and pothole issues after a visitor from China expressed disappointment over the condition of the city. Her post sparked a debate with the state administration, with some criticising her for selective outrage. Shaw defended herself, stating her vested interest in Bengaluru and her state - Karanataka - as she lives there.
California authorities have identified the victim and shooter in a targeted murder-suicide at a Korean restaurant. The victim, Jacqueline Medrano, and the shooter, Jonathan Wang, were previously romantically involved and had a recent criminal protective order against Wang. The incident, witnessed by several people, took place at Gui Gui Korean BBQ and resulted in the death of both individuals.
Infosys, a major tech company, will reveal its Q2 results for FY26 today. With concerns about AI and subdued demand, all eyes will be on the company's revenue, profit, and margin. In Q1, Infosys outperformed its peers with a 7.5% YoY revenue growth and 8.7% YoY profit growth. Investors will also be watching for the impact of H-1B visa cancellations and tariffs on the company's performance.
President Trump signed an order to ensure active-duty military personnel are paid during the government shutdown, using funds from the Department of Defense. The standoff between Republicans and Democrats continues, with Democrats refusing to agree to a spending plan without healthcare subsidies.
G7 officials, including Bessent and Greer, will discuss China's rare earth export restrictions. They condemn it as a "global supply-chain power grab." G7, along with allies like Australia and India, plan to respond jointly. Germany's Finance Minister warns against drastic measures, while Japan's urges caution to avoid retaliation.
Indices opened higher, with NSE Nifty 50 and BSE Sensex rising 0.29% and 0.33%, respectively. Bank Nifty also opened higher, along with small and midcap stocks. The US administration's comments hint at a possible trade deal with India, given China's actions. Indian macros remain strong, but exports and jobs in labour-intensive areas have been hit. Technical analysis suggests a bullish momentum.
President Trump has given the CIA the green light to carry out covert operations in Venezuela in order to remove President Maduro from power. This decision comes with a $50 million reward for Maduro's arrest on drug trafficking charges. Venezuela has condemned the move as a violation of international law, while Trump has also ordered a military buildup.
Former UK officials have raised concerns about a Chinese hack on highly classified information, including intelligence services and government secrets. Dominic Cummings, former advisor to Boris Johnson, accuses the British state of prioritizing Chinese money over security for years. The breach was allegedly covered up and officials were warned against discussing it with the media.
Asaduddin Owaisi has criticised the Centre for changing EPFO withdrawal rules, accusing the government of misusing public funds and neglecting unemployed citizens. EPFO explains that changes were made to benefit members' pension eligibility. Owaisi argues that hardworking citizens are being deprived of their own savings.
US military plane carrying Secretary of War Pete Hegseth made an emergency landing in the UK due to a cracked windscreen. All passengers, including Hegseth, were unharmed. The incident happened while returning from a NATO meeting in Brussels where security assistance for Ukraine was discussed. The plane transmitted an emergency signal before landing safely at RAF Mildenhall.
Axis Bank's Q2 results have caused a decline in its shares, with a decrease in margins compared to last year. Nuvama Wealth Management maintains a 'Hold' rating, attributing the miss to RBI inspection-driven standard and one-time provision for crop loans. The bank's net profit has dropped by 26% YoY due to higher provisions for bad loans and a decrease in net interest.
India is looking to buy more energy from the US, potentially worth $12-15 billion, to address the trade deficit and diversify its energy imports. Negotiations are currently underway between the two countries to find a mutually beneficial solution.
A judge has ordered the Trump administration to stop mass layoffs of federal workers during the government shutdown, citing political motives. The White House Budget Director warns that over 10,000 workers could lose their jobs. A legal group representing unions argues that targeting federal workers is illegal and harmful to the country. The judge demands information on the layoffs.
Diane Keaton, known for her iconic role in 'Annie Hall', died at 79. The film industry mourned her death, but the cause was unknown. It was later revealed that she passed away due to pneumonia, according to a family member.
The Trump administration is withholding $40.6 million in federal transportation funding from California for not enforcing English proficiency rules for truck drivers. Trump has taken steps to address concerns about foreign drivers, including pausing worker visas and enforcing an executive order. California has 30 days to comply or risk losing federal highway funds.
US Treasury Secretary Scott Bessent has suggested imposing 500% tariffs on China, with support from 85 US senators. He accused China of aiding Russian military efforts and limiting rare earth exports. However, he remains optimistic about a potential meeting between US President Donald Trump and Chinese President Xi Jinping.
A male suspect was arrested for shooting two people at a Walmart in Evergreen Park, Chicago. The incident occurred on Wednesday afternoon and the alleged gunman was apprehended within 15 minutes of fleeing the scene. The suspect knew one of the victims who were injured. This is an ongoing investigation.
SEBI penalizes eight entities for insider trading in Indian Energy Exchange Ltd, confiscates illegal gains of Rs 173.14 crore. Entities had access to UPSI and their trades were influenced by it. Case dates back to July 23, 2025, when CERC implemented Market Coupling, causing negative impact. SEBI member Kamlesh Varshney confirms.
The S&P 500 closed higher on Wednesday due to strong earnings from Morgan Stanley and Bank of America, with the banking index and Philadelphia Semiconductor Index also rising. An investment consortium will purchase a major data center operator, while U.S. Treasury Secretary Scott Bessent assured that the U.S. does not want to escalate trade tensions with China. The Fed left unchanged.
RBI governor Sanjay Malhotra believes that although there is room for a repo rate cut, the current external uncertainties and ongoing transmission of previous measures make the timing unsuitable. The MPC decided to maintain a pause, but acknowledged India's strong economy.
Bharti Airtel and IBM have partnered to enhance Airtel Cloud with IBM's AI and hybrid cloud technologies, catering to regulated industries like banking, healthcare, and government. This collaboration will offer Airtel Cloud customers access to IBM Power systems and support for enterprise workloads, while establishing two new multizone regions in Mumbai.
Rapido's food delivery service, Ownly, will have a wider launch by November after Swiggy sold its stake for Rs 2,400 crore. Prosus and Westbridge Capital are leading a $350 million funding round, allowing for a unique flat delivery model and aggressive expansion into the market.
Reliance Industries (RIL) is expected to see a 13-14% year-on-year Ebitda growth in the second quarter, driven by retail, Jio, and O2C businesses. However, sequential growth is expected to be flat. JP Morgan predicts a 14% y-o-y growth in consolidated Ebitda, while ICICI Securities expects a 13% y-o-y rise. Axis Capital estimates a 4% q-o-q and 10% y-o
India's merchandise exports rose by 6.74% to $36.38 billion in September, despite a 50% tariff on exports to the US. This growth was fueled by increased exports to other markets, a weak base, and strong performance in electronics. Imports also saw growth, driven by gold, silver, electronics, and machinery. Services exports declined, but overall trade remained stable.
Waaree Renewable Technologies (WRTL), the EPC arm of Waaree Group, aims to diversify into data centres and battery energy storage systems. With an orderbook of 3.4 GW and a bidding pipeline of 27 GWp, the company has executed 1.6 GW of projects and generated a revenue of Rs 1,377.97 crore in the first half of this fiscal. It also plans to establish solar power plants in Maharashtra.
IIT Kanpur is promoting entrepreneurship by offering support and funding through C3iHub and SIIC. These initiatives focus on strategic areas like defence, aerospace, clean energy, healthcare, and cybersecurity. .
China has accused India of providing subsidies for electric vehicles and batteries that harm Chinese industries. India has various programs to boost its electric vehicle industry, including incentives for production and demand. The dispute has been filed at the WTO and if a resolution is not reached in 60 days, it will move to adjudication.
India's private-sector capital expenditure is expected to increase by 37%, with the power sector seeing a sharp rise due to government policies. This has ended a long period of investment stagnation in thermal power generation.
6%
Axis Bank's net profit for the September quarter saw a 26.4% decline due to a 61% increase in provisions and contingencies. The bank also made a one-time provision for two discontinued crop loan variants, which will be reversed upon loan recovery. Net interest income increased by 2% and the balance sheet grew by 11%.
Chalet Hotels, a brand under the K Raheja Group, has launched Athiva Hotels & Resorts to compete with premium hospitality brands like Taj, Marriott, and Hyatt. The first property, a rebranded property in Khandala with 147 rooms, will open on October 16. The company plans to add four more properties in Mumbai, Goa, and Thiruvananthapuram, with a total of 900 rooms and an investment of Rs 1,500
Thyrocare Technologies, under API Holdings, has experienced a successful turnaround with a 20% increase in revenue and 80% surge in profit after tax in Q2. This is thanks to strategic restructuring, including cost reduction, a new compensation model, and emphasis on sustainable growth. The franchise-led pathology segment has played a significant role with a 24.5% growth and revamped incentives.
Indian benchmark indices, Sensex and Nifty, bounced back on Wednesday with support from US Fed Chairman's comments, a strong rupee, and impressive quarterly earnings. Realty stocks performed well and major Asian markets closed in the green, except Indonesia.
DRDO's Military Combat Parachute System (MCPS) successfully underwent a combat free-fall jump from 32,000 feet, praised by Defence Minister Rajnath Singh. The system, developed by DRDO, is the only one currently in use by the Indian Armed Forces capable of deployment above 25,000 feet. It incorporates tactical features and has compatibility with Navigation with Indian Constellation.