The Cabinet has approved the merger of the ELI scheme with PMIS to boost job creation. Discussions are also underway to integrate NAPS and NATS with ELI. Experts predict an increase in participation in PMIS, which has had a lukewarm response. The ELI scheme aims to promote employment opportunities.
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.
Tata Motors' demerger of its commercial and passenger vehicle businesses into two listed firms from October 1. The company aims to capitalise on growth by sharpening its focus. The plan includes renaming both entities and transferring assets, liabilities, and employees accordingly. Shareholders will have identical shareholding in the de-merged entity with a share entitlement ratio of 1:1.
President Trump and Pfizer have reached an agreement to lower drug prices for Medicaid and ensure that the U.S. pays the same price as other high-income nations. A new website, TrumpRx, will be launched for consumers to buy directly from the manufacturer. Pfizer also promised to decrease prices for Medicaid and launch new drugs at the same price as other countries.
Students in Delhi government schools will soon learn about the Rashtriya Swayamsevak Sangh (RSS) as part of a new programme called ‘Rashtraneeti’, which also includes lessons on freedom fighters and democratic values.
Police in Karnataka's Hassan are investigating a blast at a house that left a couple with major burn injuries. The blast occurred near the washroom area, and the police are considering various possibilities, including involvement in carpentry work or a faulty cylinder. A team of experts is examining the site to determine the exact cause of the explosion.
Robert Kiyosaki, author of 'Rich Dad Poor Dad', predicts a surge in silver investment by September 2025, potentially turning $100 into $500 in one year. Despite a mixed track record for predictions, Kiyosaki remains a vocal advocate for silver, believing it has been manipulated for too long.
Ladakh administration denies victimisation allegations against Sonam Wangchuk, citing credible evidence for actions taken. Ongoing investigations into financial irregularities and foreign currency violations by HIAL. SECMOL's FCRA registration cancelled due to Wangchuk's provocative remarks and incitement of youth.
Trump plans to sign trade deals with Asian countries during his trip, says US Trade Representative, after talks with India have been positive. Trump's visit is expected to lead to more agreements, with progress seen in discussions and plans to resolve issues.
President Trump announces near completion of deal with Harvard University, including $500 million payment and trade schools for AI and engine building. Disputes with prestigious universities over pro-Palestinian protests, campus diversity, and transgender policies have led to legal battles, with Harvard winning a recent ruling.
Investment banks are keen to establish themselves in GIFT City, promoted by IFSCA as the preferred destination for the Global South. Indian firms with international operations and NRIs seeking to list their businesses here are likely to consider IPOs at GIFT. Foreign currency-denominated listings are also gaining traction, with XED's IPO postponed to November.
A 6.9-magnitude earthquake strikes off the coast of Cebu City, Philippines, leading to power outages and damaged buildings. At least 22 people have been reported killed, with 37 injured and multiple aftershocks recorded. The country's seismology agency warns of potential damage and advises the public to be on alert for unusual waves.
A recent Sebi investor survey found that only 10% of Indian households invest in securities, with a majority preferring capital preservation over higher returns. However, 22% of non-investors intend to invest within the next year, with a preference for simple digital platforms. The survey also highlighted the importance of financial education, especially in regional languages.
RBI data for August reveals a rise in bank credit to non-banking finance companies and micro, small, and medium enterprises. Loans to micro and small businesses saw a 1.8% increase month-on-month and 21% year-on-year, while credit to large businesses and medium businesses also saw growth.
Tata Capital's IPO price of Rs 310-326 per share, 27% lower than the unlisted share price, has caused a buzz. Despite this, the unlisted share price remains high, potentially causing losses for investors. However, the company's focus on cleantech, EVs, and SMEs makes it an attractive investment opportunity.
SpiceJet plans to triple its active fleet and double its daily flights by mid-November. The airline aims to expand its daily flights to 300, up from the current 125, and bring back 10 grounded aircraft by April. This comes as SpiceJet's net worth turned positive in FY25 and it reached a settlement with its largest lessor, Carlyle.
Tata Trusts and SP group are discussing an exit plan for SP's 18.6% stake in Tata Sons. The SP group wants a public share sale, but the Tatas have refused. The talks have gained momentum after the RBI's approval for Tata Sons' request to deregister as an NBFC, as long as both parties agree to keep it private.
In August, the weighted average lending rate (WALR) for fresh rupee loans of scheduled commercial banks (SCBs) decreased to 8.75% from 8.81% in July, while the WALR for outstanding rupee loans also dropped to 9.32% from 9.38%. The share of external benchmark-linked loans in total floating rate rupee loans increased to 62.9% in June 2025. The one-year median marginal cost of
Adar Poonawalla, owner of Serum Institute, is considering acquiring Royal Challengers Bangalore (RCB) of the Indian Premier League. The billionaire is evaluating the deal, but negotiations are ongoing and no decision has been made. RCB has been valued at $269 million, making it the top team in the league.
The Asian Development Bank (ADB) maintains India's growth forecast at 6.5% for FY26, but reduces FY27 projection due to US tariffs. Despite this, strong domestic consumption and service exports will mitigate the effects. ADB's India director is positive about long-term growth. Favorable policies and monsoon expected to support consumption and economic growth.
The NSEIX has introduced daily expiry options for Nifty 50 index at GIFT city, making it the first Indian exchange to do so. These contracts cater to high-frequency trading and quantitative strategy desks, and provide new opportunities for retail investors. However, Indian residents are not allowed to trade these contracts due to Sebi's measures to safeguard retail investors.
Trai has revised its recommendations for PMRTS spectrum allocation, limiting it to five years instead of 20. This reflects the shift from narrowband to broadband critical communications. Trai also supports DoT's preference for annual royalty payments and aligning with telecom reforms.
Nifty 50 has recorded a 5% fall in the past 12 months, leading to a decrease in SIP momentum among retail investors. The current macro backdrop of tariff uncertainty and geopolitical tensions has made investors cautious, with a preference for household spending over financial investments.
RBI proposes shift to weekly credit reporting, introduces CKYC number reporting and monthly data quality index scores. This move is expected to pave the way for daily credit reporting, which has gained support from bankers and policymakers. While some banks have already started with daily reporting, others face challenges such as technological limitations and cost implications.