Elon Musk, a legal immigrant in the US, criticized the UK government for not deporting a Pakistani asylum seeker accused of raping an 8-year-old girl twice and forcing her to watch sex acts. This adds to Musk's previous criticism of UK Prime Minister Keir Starmer over a decade-old child rape scandal. The accused, Karman Khan, denies all charges and is awaiting trial in January 2026.
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.
Bollywood celebrities are facing a growing threat of AI-generated content misusing their name, image, and voice. This has raised concerns about the need to update Indian laws on personality and publicity rights to address deepfakes.
Google and TCS will build data centres in India for AI and data infrastructure. Other companies like Reliance, AdaniConneX, and Bharti Airtel are also investing in data centres to meet demand for computing power and data localisation. The government's draft rules for data protection could boost investor confidence and lead to a data centre boom in the country.
Zepto, a quick commerce platform, has closed a $450-million financing round led by CalPERS, valuing the company at $7 billion. The CEO and co-founder, Aadit Palicha, stated that the company now has $900 million in net cash and is well-capitalized for the future. Existing investors also participated in the round, bringing the total funding raised to $2.4 billion.
Indian Overseas Bank has achieved a profit of ₹1,000 crore for the third consecutive quarter, thanks to their focus on high-margin loans. They are prepared for expected credit loss norms and are borrowing from the market to balance credit and deposit growth.
SpiceJet announced special flights to Bihar for Diwali and Chhath Puja, including routes from Ahmedabad, Bengaluru, and Hyderabad to Patna. This will improve Patna's air connectivity with major cities like Delhi and Mumbai during the festive season. Air India and Air India Express also added 166 flights to Bihar, providing more options and convenience for passengers travelling home for holidays.
Canara Robeco AMC, owned by Orix Corporation, aims for a 40% annual growth in the next 5 years and is open to acquisitions. Its NSE listing saw a 5% premium and a 12% intraday jump in share price. Investment bankers have high hopes for the company due to its strong parentage and positive industry trends. The firm offers diverse fund management and advisory services.
The Indian stock market experienced a robust surge on Thursday, driven by strong buying in index heavyweights and private banking stocks. Four banks contributed to nearly half of the Sensex's gain. Investor confidence was boosted by positive Q2 results and progress in India-US trade talks. All sectors on the BSE closed in the green, with a positive market breadth.
Infosys reports 13.19% YoY profit growth in Q2 FY26, with consolidated net profit reaching Rs 7,364 crore and revenue growing by 8.55% YoY to Rs 44,990 crore. The company announces an interim dividend of Rs 23 per equity share and revises its revenue guidance for FY26 to 2-3%. Infosys also reports a stable operating margin of 21%
Overindulging in Diwali foods can spike blood sugar, especially for those with diabetes. However, walking after meals, known as Shatapavali, can effectively manage post-meal spikes. A 2022 study found that walking for just 2-5 minutes can control blood sugar. Dr. Sudhir Kumar, a neurologist, suggests waiting 10-15 minutes after a meal before walking.
Indian Railway Minister Ashwini Vaishnaw revealed a 30-year plan to create a Dedicated Passenger Corridor (DPC) to meet the increasing demand for passenger trains. The high-speed rail network, with speeds up to 350 kmph, will be exclusively for passengers and is inspired by the success of the Dedicated Freight Corridors (DFC). The DPC will also prioritize modernization and expansion efforts.
In September, India's top five mutual funds invested in only five of the seventeen companies that debuted in IPOs. The sizes of these investments ranged from Rs 560 crore to Rs 1,900 crore. Despite this, the mutual fund allotment has fallen in the 50% of the issue size reserved for QIBs. This is due to a rise in the number of AMCs and a decrease in average issue size.
RBI to maintain 12 paise/Rs 100 cap on deposit insurance premiums while transitioning to a risk-based model. Stronger banks to benefit with lower premiums, weaker banks spared from additional burden. New framework to promote fair contributions based on risk, effective from FY2027. Bankers welcome move to prevent unnecessary funds with DICGC.
Indian Overseas Bank (IOB) reported a 58% rise in net profit for the September quarter, reaching ₹1,226 crore. Interest income increased by 15%, while expenses grew by 11%. The bank's total business crossed the ₹6-lakh-crore milestone, with retail, agriculture, and MSME loans accounting for 81% of the loan book.
Indian cricketer Virat Kohli has given his brother Vikas Kohli the power of attorney for his Rs 80 crore bungalow in Gurugram to avoid legal complications while he is in London with his family. This legal document allows Vikas to handle matters related to property, finance, and legal affairs on Virat's behalf, making it easier for Indian citizens.
Cyient's net profit declined by 23.42% YoY in Q2 FY26, with a consolidated net profit of Rs 142.9 crore. Revenue also saw a 3.68% YoY decline, with consolidated revenue of Rs 1,781 crore. Despite this, the company's board declared an interim dividend of Rs 16 per equity share, to be paid by November 12, 2025.
Get ready to celebrate Diwali with lights, friends, food, and shopping! Delhi-NCR has some of the best markets to capture the festive energy, from Dilli Haat for home decorations to Chandni Chowk for clothes and jewellery. Noida Haat is hosting a two-week Diwali event, while Greater Kailash M-Block Market offers festive discounts.
The 2025 MAMA Awards nominees have been announced for the two-day musical event in Hong Kong on November 28 and 29. Fans can vote for the Fans' Choice nominees starting October 26, with 20 artists in each category. Categories include Best Dance Performance, Best New Artist, and Best Vocal Performance. Save the date and vote for your top picks!
US Senator reveals Trump's love for McDonald's, with custom-made orders of burgers and an orange soda. Despite health concerns, Trump has been associated with the fast food franchise for years, consuming multiple burgers and fries on plane trips. Some joke that McDonald's should pay him for the publicity, but others raise concerns about the health implications.
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.