The Lok Sabha Select Committee has dedicated 25,000 hours to reviewing the Income Tax Bill 2025, with the goal of replacing the current Income Tax Act. They have recommended 330 changes to make the bill more taxpayer-friendly, focusing on clarity rather than brevity. These changes are expected to widen the tax net and alleviate fears surrounding taxes.
Adani Ports and Special Economic Zone (APSEZ) experienced a remarkable rise in cargo volume, primarily due to a 14% increase in container volumes. The first half of FY26 marked the company's highest-ever port cargo volume, with containers leading the growth.
Film.Ca Cinemas in Toronto have stopped showing Indian and South Asian films, like Kantara: Chapter 1 and OG, due to recent violent incidents. These may be linked to conflicts within the industry, as distributors believe it is an attempt to block successful films from being released in Canada. The cinema has increased security and is working with authorities.
Paras Anti-Drone Technologies, a subsidiary of Paras Defence and Space Technologies, has received a major order worth Rs 45.19 crore from the Ministry of Defence. The order includes advanced Anti-Drone Systems to counter and neutralise drone threats, with an execution timeline of March 2026.
India dominates day 2 of the test match against West Indies as KL Rahul scores a century and Shubman Gill impresses, but his partnership with Rahul ends when he is caught out. The team aims for a victory after their previous loss to New Zealand and favorable weather forecast gives them an advantage. Mohammad Siraj and Jasprit Bumrah's bowling skills could secure a win, possibly by an innings.
Finance Minister Nirmala Sitharaman emphasized India's role in stabilizing the global economy and the need to address imbalances and volatility. She also discussed the structural transformation of the international order and the challenges faced by developing nations. The minister highlighted India's economic stability and the importance of actively shaping global outcomes.
JNUSU accuses ABVP of spreading Islamophobia by burning effigies of Umar Khalid and Sharjeel Imam during Ravan Dahan, calls it a communal act. A clash broke out between two groups during a 'Visarjan Shobha Yatra' on Vijayadashami. JNUSU denies opposing Durga Puja and challenges ABVP to provide evidence. JNUSU Joint Secretary claims effigies of individuals with alleged Naxal
Dhanush's Idli Kadai has received a positive response from the audience and has collected a total of Rs 21 crore in its first two days of release. The family entertainer, directed by Dhanush, stars Dhanush, Nithya Menen, Arun Vijay, Sathyaraj, Shalini Pandey, and Rajkiran. While some fans are thrilled with the box office success, others have mixed reactions about the film's storyline. Despite
Britain is set to announce a new Archbishop of Canterbury on Friday, with the possibility of a woman being chosen for the first time in history. This follows previous reforms by former leader Justin Welby, allowing women to become bishops. The top contenders for the position are three female bishops, and their appointment would be a significant moment for Christians globally.
Amara Raja Energy & Mobility's stock price has decreased by 17% in 2025, but Nuvama Institutional Equities still recommends buying with a target price of Rs 1,120, suggesting a potential 12.6% increase. The company anticipates growth in aftermarket auto replacement demand and improved margins due to various factors. The lead-acid battery business is expected to outperform the industry.
American rapper and music mogul, Diddy, is facing sentencing for prostitution charges under the Mann Act. Despite being acquitted of serious charges, he may still face up to 20 years in prison. Diddy has expressed remorse and has been teaching a course to inmates. The Mann Act has been used in the case.
Trualt Bioenergy's IPO debuts at a 10% premium on the NSE and 10.88% on the BSE. The company raised Rs 839.28 crore through the issue, with a price range of Rs 472-496 per share. Retail investors had to apply for a minimum of 30 shares, while small and large non-institutional investors had to apply for 14 and 68 lots, respectively.
Asaduddin Owaisi, AIMIM chief, criticises the BJP and unrest in Bareilly, where saying "I love Muhammad" is banned. He questions the nation's direction and the media's bias towards expressions of love for Modi over Muhammad. He condemns violence and internet shutdown, urging a peaceful return after Friday prayers.
Pakistan Journalists Union declared a "black day" after an alleged assault on journalists at the Islamabad National Press Club. Police attacked peaceful protesters and journalists, sparking nationwide protests and calls for action. The Interior Minister ordered a probe, but journalist unions rejected it and vowed for a stronger response.
Jinkushal Industries, a construction machinery export trading company, had a successful IPO with shares listed at a 3% premium and oversubscription of 65.10 times. Non-institutional investors showed strong demand and successful bidders received shares by October 1.
Assamese singer Zubeen Garg's death has sparked a probe, with four arrests made so far, including his bandmate and co-singer. The singer's wife demands a thorough investigation into the matter. While the cause of death is still unclear, the Assam Chief Minister revealed that Garg jumped into the water without a life jacket. Further arrests, including eight NRIs present on the yacht, are expected.
Indian indices opened lower, with NSE Nifty 50 and BSE Sensex opening 0.03% and 0.07% lower, respectively. However, small and midcap stocks outperformed, with Nifty Midcap rising 0.26%. The central bank's initiatives to boost credit growth may sustain market momentum, but FII selling and short positions may keep bulls on the defensive. Early gainers include Tata Steel, Tata Motors, and Axis Bank.
IMD has issued alerts for several states, including Bihar and West Bengal, as a deep depression is forecasted over Odisha and another over the northeast Arabian Sea. After days of heavy rainfall, Mumbai woke up to clear skies, but light to moderate rain is expected with gusty winds in isolated locations. Some regions in Bihar are on red alert, while others are on orange alert.
Google warns of extortion emails targeting executives, with hackers claiming to have stolen sensitive data from Oracle. The ransomware gang cl0p takes responsibility, but Google cannot verify. Extortion demands range from millions to $50 million, with potential ties to cl0p. Cybersecurity experts are investigating.
103 Maoists surrendered in Chhattisgarh's Bijapur district, with weapons worth over Rs 1 crore, and were given a Rs 50,000 incentive. In a separate incident, three Maoists were killed in a gun battle in Kanker district. This is part of intensified counter-insurgency measures in the Bastar division, with several high-profile Maoists being neutralised.
A 35-year-old British-Syrian man, Jihad Al-Shamie, was identified as the suspect in the deadly attack at a Manchester synagogue. He rammed his vehicle into people and stabbed a security guard on the holiest day for Jews. Al-Shamie was shot and killed by police, and was not previously known to anti-terrorism or police officials.
Sana Mir clarifies her "Azad Kashmir" remark during the ICC Women's World Cup 2025 match between Bangladesh and Pakistan. Her words were misinterpreted on social media, but she explained that her research from ESPN showed Natalia Pervaiz as being from "Azad Jammu and Kashmir". She stated there was no malice in her heart towards the player.
Russian President Vladimir Putin praised India and its Prime Minister Narendra Modi, while also criticizing US President Donald Trump's trade policies. He emphasized the special relationship between Russia and India, dating back to the Soviet Union, and expressed his excitement for his upcoming visit to India in December.
Putin warns the US against supplying Tomahawk missiles to Ukraine, saying it would trigger a dangerous escalation. He also responds to Trump's remark calling Russia a "paper tiger" by questioning NATO's strength and mocking European claims of Russian airspace violations. Putin portrays the war in Ukraine as a watershed moment in Russia's relations with the West and urges NATO to "cool down".
President Trump has declared the US to be in a non-international armed conflict with drug cartels, allowing for deadly strikes on boats near Venezuela. Critics question the legality and lack of new rationale, raising concerns about future military strikes and the use of the term "unlawful combatants."
11 people, including 5 girls and 2 boys, died in a tragic incident in Madhya Pradesh's Khandwa area. A tractor trolley carrying 14 people submerged in the Abna river, leaving 3 rescued and 1 in critical condition. The Chief Minister has announced Rs 4 lakh ex gratia for the deceased families and instructed for proper treatment of the injured.
Government orders inquiry into bribery allegations against Chennai customs officials by Wintrack, a Chennai-based firm. The company announced it will cease import/export activities in India due to harassment by customs officials. Government promises to take appropriate action and is committed to improving ease of doing business.
Nayara Energy, owned by Rosneft, faces challenges due to international sanctions but is gradually recovering with a shift to Russian crude. The company's imports are now entirely from Russia, stabilizing its operations. Compliance and shipping issues have caused a decline in exports, but they are expected to improve in Q4.
The National Stock Exchange (NSE) saw a significant increase in market share and average daily turnover in September, while the Bombay Stock Exchange (BSE) experienced a decline for the first time in three months. This can be attributed to changes in the derivatives market.
Abu Dhabi's International Holding Company PJSC to acquire 41.2% stake in Sammaan Capital for Rs 8,850 crore, marking the largest investment in a non-banking financial company in India. The deal includes a preferential allotment of equity shares and warrants at Rs 139 per share, with an open offer for an additional 26% stake.
The recent GST rate cuts have resulted in a 20-40% increase in sales for durable, fashion, and footwear sectors in the past ten days, including the festive season of Dussehra. This trend is expected to continue until Diwali in mid-October, with major retailers and companies reporting a surge in sales for large-panel TVs, dishwashers, air conditioners, and apparel and footwear.
The Indian gaming industry is shifting away from real money gaming due to a new law, leading developers and investors to focus on casual titles, mid-core games, and esports. India's large gamer base of 400 million is driving in-app purchases, with revenues projected to hit $1 billion by 2024. Mobile gaming is the main source of revenue, with young male gamers being the top spenders.
FMCG companies, like HUL, are facing a slowdown in growth due to trade disruptions caused by the GST reforms. Q2 saw flat growth due to destocking by trade and delayed consumer buying. Prices are expected to stabilize in November, but retailers are slow to pass on the benefits. Other companies, like Dabur and Marico, are also expected to report the impact of stock adjustments on Q2 performance.
September saw a sharp increase in new car sales, thanks to GST rate cuts and dealer discounts. Registrations rose by 45%, contributing to a 6% growth in the first half of the year compared to last year. Maruti Suzuki, Mahindra & Mahindra, and Tata Motors all experienced a surge in sales, fueled by the festive season and attractive pricing.
IndiGo announced the resumption of flights to mainland China with the launch of daily, non-stop flights between Kolkata and Guangzhou from October 26. The airline will also introduce direct services between Delhi and Guangzhou in the near future. This move aims to boost bilateral ties, cross-border commerce, and tourism between the two nations.
Despite positive outlook from government and rating agencies, high-frequency indicators for India's economy in the first half of the fiscal year show challenges. While inflation has decreased and GST reforms have helped consumption, indicators like industrial production, exports, and new projects show a gloomy scenario. However, GST collections and GDP growth remain stable.
TCS has completed majority of the layoffs it previously announced, with only a few remaining. The company had announced a 2% reduction in workforce, with severance payouts ranging from six months to two years of salary. Employees on bench for over eight months will receive three months' notice pay. Early retirement option and career assistance are also being provided.
Celebrated Indian artist M.F. Husain's life and legacy will be honored with the opening of the Lawh Wa Qalam: M. F. Husain Museum in Doha, Qatar. The 3,000 square meter museum will showcase his diverse body of work, including his final masterpiece "Seeroo fi al ardh." The museum's design, based on Husain's own sketch, will serve as an extension of his artistic imagination.
Multi-asset funds have surpassed debt and equity schemes this year, with a 10% average return and ranking fourth among all categories. Gold and silver have played a significant role, with some fund houses seeing returns of 14.2%-15.2%. Other successful strategies include dynamic allocation and model-driven investing, but maintaining gold allocation should be done with caution.
US government shutdown begins as last-ditch Senate vote fails. Anvitii Rai explains impact within and outside US, and why bipartisan resolution is only way forward. US federal spending governed by 12 Appropriation Bills, each handled by sub-committees under Appropriations Committees. Shutdowns more frequent in US due to divided power structure.
Indian dating apps are gaining popularity due to their ability to address cultural stigma, gender imbalance, and low user willingness to pay. These homegrown platforms offer unique features like income verification and vernacular options to cater to Indian users. With a focus on gender balance and technology, they are experiencing steady growth and profitability.
The government's electronics component manufacturing scheme has exceeded expectations with investments worth Rs 1.15 lakh crore, double the expected production and 1.5 times more employment. This is due to global trust in India's manufacturing and the government's focus. A detailed breakdown of applications will be released and proposals will continue to be considered.
The Insolvency and Bankruptcy Code (IBC) has been successful in recovering Rs 3.96 lakh crore for creditors through resolution plans, which is 33% of total claims admitted. It has also led to the recouping of Rs 9,607 crore from closed liquidation cases. The IBC has resolved 1,258 cases and liquidated 2824 cases, with ongoing cases at 1905. The total number of cases admitted under IBC is 8492
Trade negotiators from India and ASEAN will meet in Jakarta to review their goods trade agreement. The slow progress has been a concern, but with a joint committee and eight sub-committees, both sides are determined to complete the review by the end of the year. India is pushing for a rebalancing of the pact, with deadline approaching and global uncertainty negotiations are expected to accelerate.
Google Cloud Security is focusing on partnerships with the public sector in the Asia-Pacific region, particularly in India, to strengthen security as the foundation for digital transformation. India's unique scale and diversity make it a key testbed for the company. With the acquisition of Mandiant, Google can provide insights and proactive defence for traditional sectors.
From studying under a tree in a remote Indian village to building one of the world’s biggest cybersecurity firms, his journey is nothing short of extraordinary. Today, with a fortune of around $17.9 billion, he holds the title of the richest Indian in America — Jay Chaudhry.
The CACP has suggested raising import taxes on pulses and banning yellow peas imports to aid local farmers. Government's duty-free imports have caused low prices, contradicting self-sufficiency goals. A new report emphasizes the need for better seeds and varieties. Despite a mission for self-sufficiency by 2030-31, import dependency has increased significantly.
The Indian government is enforcing the use of AI agents in the insolvency process to enhance efficiency, transparency, and accuracy. The Insolvency and Bankruptcy Board of India (IBBI) sees AI as a solution to delayed resolutions, fraud, and data overload. The IBBI has identified several AI agents to detect fraud, predict outcomes, and simplify compliance.
The government plans to improve the National Pension System (NPS) by introducing new options for subscribers, such as wealth maximisation, assured benefits with inflation protection, and innovative mechanisms for predictable retirement income. The PFRDA has proposed three schemes to offer customised retirement income, along with allowing fund managers to offer schemes with 100% equity exposure.
Bengaluru's infrastructure issues and traffic congestion in the south have prompted an Andhra Pradesh minister to suggest companies shift to the north. Karnataka's IT-BT minister defends the city's projected GDP growth and urbanization rate, accusing the Andhra minister of "desperate scavenging" and being a "parasite".
Black raisins are a scientifically proven snack that can effectively lower high blood pressure. Consuming a small amount three times a day has been shown to have a significant impact due to their high levels of potassium, antioxidants, and soluble fiber. They also aid in weight loss and blood sugar control, making them a beneficial choice for heart health.