The Trump administration is reviewing SpaceX's government contracts, but initial results suggest they are too important to cancel. The tension between Trump and Musk started when Musk spoke out against Trump's policies, prompting a closer look at SpaceX's contracts. Despite pressure, SpaceX's unmatched capabilities are crucial for national security and space operations.
Value retailers V2 Retail and V-Mart Retail reported strong revenue and same-store sales growth in the September quarter, driven by festive buying and resilient consumer demand. Both companies primarily target consumers in tier 2 and 3 cities, indicating a pick-up in demand in smaller centres.
During the festive season, gifts from friends and family above Rs 50,000 must be declared in your ITR to avoid penalties. Gifts from employers up to Rs 5,000 are exempt, but exceeding this amount is taxable. Property or shares received as gifts are also taxable if their value exceeds Rs 50,000. Proper documentation and disclosure in the ITR is crucial to avoid scrutiny.
The Indian government has ended a two-year ban on the export of de-oiled rice bran, benefiting the rice industry and farmers. Restrictions on dairy and farm products to Bhutan have also been lifted, and a certificate of inspection is no longer required for rice exports to most European countries.
NITI Aayog recommends introducing optional presumptive taxation with sector-specific benchmarks to reduce uncertainty for foreign investors in India. This, along with legislative clarity and alignment with international practices, could reduce litigation and boost investor confidence. The report emphasizes efficient dispute resolution mechanisms and expanding APA and MAP programs.
India's consumer economy experienced a boost in Navratri sales due to GST reforms, resulting in lower tax rates and increased affordability of products. The automobile sector, led by Maruti Suzuki, saw a doubling of car sales and record-breaking numbers. Mahindra & Mahindra and Hyundai also reported significant sales increases.
India's petroleum product exports reached a one-year high of 2.2 million barrels per day in September, driven by demand from UAE, Netherlands, and Brazil. However, annual exports declined by 4%, with private refineries, particularly Reliance Industries' Jamnagar refinery, leading the growth. India plans to boost exports to Latin America, as domestic consumption remains low.
The Ministry of Electronics and IT has introduced a draft of the Promotion and Regulation of Online Gaming Rules, 2025, which may increase compliance costs for gaming startups. While the framework aims to bring regulatory clarity, smaller firms may face higher expenses for registration, reporting, and in-house grievance systems.
RBI Governor Sanjay Malhotra praised India's flexible inflation-targeting framework, stating that it has worked well. He also emphasized the importance of balancing central bank independence with accountability. Despite geopolitical tensions, India's macroeconomic fundamentals remain strong and the central bank is confident of long-term GDP growth of 7-8%.
RBI proposes framework to link corporate fundraising limits from abroad to financial strength, removes cost caps and eases end-use restrictions. Under the new guidelines, companies can raise ECBs up to $1 billion or 300% of net worth, with simplified reporting requirements and eligibility for entities under restructuring or investigation.
The shift from a lottery to a merit-based H-1B visa system in the US will benefit Indian STEM professionals with advanced degrees and specialized skills. Lawmakers are pushing for reforms to raise wages and end the current lottery system, which favors Indian professionals. This change presents opportunities and challenges for Indian IT companies and professionals.
Saumitra P Srivastava, an IIT Roorkee and SP Jain Institute graduate, has been named Director (Marketing) at Indian Oil. With a strong background in downstream operations, marketing, and strategy, he aims to modernize the Marketing Division and drive the country towards sustainable and advanced fuels. He has a track record of successfully leading transformation projects.
Indian Finance Minister Nirmala Sitharaman warns against complacency in India's economic growth, citing shifting global order and contested dominance. She emphasizes the importance of domestic factors in anchoring growth and the need for self-reliance. The minister also discusses India's twin-track approach to prosperity and the erosion of confidence in multilateral institutions.
WeWork India's IPO received a 4% subscription on the first day, with bids for 11,10,440 shares against 2,54,89,748 shares on offer. The company has collected over Rs 1,348 crore from anchor investors and its Rs 3,000-crore issue will conclude on October 7. The price band has been set at Rs 615-648 per share, valuing the company at Rs 8,685 crore. The
Indian Army Chief General Upendra Dwivedi issued a stern warning to Pakistan, urging them to stop supporting terrorism on their soil if they want to remain on the world map. He emphasized that India is fully prepared and will not hold back like during Operation Sindoor. He also urged soldiers to be ready for future conflicts.
Bombay High Court dismisses Anil Ambani's plea against SBI's decision to classify his and Reliance Communications' accounts as fraud. Ambani argued that the bank did not follow principles of natural justice and documents were not provided initially. SBI also filed a complaint with CBI, alleging a loss of Rs 2,929 crore due to misappropriation by Reliance Communications and Ambani.
India's IT sector is set to perform well in the second quarter, with TCS, HCLTech, and Infosys announcing their results. The focus will be on management commentary regarding the H-1B visa fee hike and tariff tensions. Nuvama predicts modest growth for large-cap firms and expects mid-tier players to outperform. TCS may see flat revenue growth
The 6th edition of Condé Nast's Traveller magazine's Best Restaurants list for India 2025, in partnership with Zomato's District, has been revealed with Mumbai securing the most spots. However, the announcement has sparked controversy on Reddit's r/bangalore subreddit, with doubts raised about the credibility and criteria used for the rankings.
HSBC Mutual Fund India CEO Kailash Kulkarni predicts strong growth in the next two decades, driven by consumption, financialization, and infrastructure. He highlights the importance of India's regulatory framework, product innovation, and underpenetrated regions for international investors.
Reserve Bank Governor Sanjay Malhotra praises India's strong macroeconomic fundamentals and its role as an anchor of stability in a volatile world. He credits the combined efforts of the government, regulators, and regulated entities for maintaining low inflation, good foreign exchange reserves, and a strong banking and corporate sector.
Salaried partners in legal firms are struggling to advance in their careers due to the absence of their own clients, resulting in low profitability and limited job opportunities. Firms are now expecting partners to bring in business, manage client relationships, and contribute to strategic decisions.
Bollywood superstar Shah Rukh Khan has officially become a billionaire, as reported by the Hurun Rich List 2025. His net worth of Rs 12,500 crore includes earnings from his production house, Red Chillies Entertainment, and his son Aryan Khan's directorial debut. Khan also owns luxurious properties in Mumbai and Dubai, and is the co-owner of Kolkata Knight Riders and a private jet.
The Reserve Bank of India has proposed new rules to facilitate foreign currency fundraising for companies. These changes include expanding eligible borrowers and lenders, linking borrowing limits to a company's financial strength, and simplifying restrictions and reporting. The central bank is seeking feedback before finalizing the rules and plans to implement ECL Framework
Taylor Swift's new album 'Life of a Showgirl' has sparked curiosity among fans due to its hit song 'Ruin The Friendship'. The emotional track has led to various theories about its meaning, with some thinking it could be about her late friend Jeff Lang, while others believe it could be about her ex Matty Healy or friend Blake Lively.
Popular UPSC coaching institute Drishti IAS has been fined Rs 5 lakh for publishing misleading advertisements and making false claims about the results of the 2022 CSE. The institute was found to have violated consumer protection norms and concealed important information about successful candidates' course choices. This is not the first time Drishti IAS has faced penalties for such practices.
Blake Lively shares a rare glimpse of her $6 billion Pound Ridge retreat on Instagram while baking a bunny-shaped cake for her daughter. The picture reveals the beautiful decor of her home and her love for her family, as seen through the artwork, chandelier, and furniture filled with her children's toys.
HDFC Securities has increased the target price for Metro Brands to Rs 1,050, but maintains a 'Sell' rating due to high valuation. However, management sees potential for growth in the Walkaway segment with the reintroduction of Rs 500 price points and store additions. This could be a game-changer for the company.
Madras High Court rejects anticipatory bail plea of TVK leader in Karur stampede case, questions party's inability to control crowd and condemns unruly behavior during party chief Vijay's roadshow. HC also rejects BJP leader's plea for CBI probe and asks her to approach Madurai bench. DMK accuses TVK of causing deaths, while Vijay blames Stalin.
TCS is expected to announce stable Q2FY26 results on October 9, after a weak start to the year. Attention will be on workforce restructuring and policies for those on the bench, amid rumors of layoffs. Large deals secured globally, but India business to remain flat. Updates on US market and stock also awaited by investors.
A pharmaceutical distributor in Madhya Pradesh is being investigated after nine children died from consuming contaminated cough syrup from a Chennai-based company. Over 30 children fell ill and six died, sparking a probe and sample collection for testing. The cause of the kidney failures that led to the deaths is being determined.
Taylor Swift's new album 'Life of a Showgirl' is a departure from her previous work, inspired by her relationship with Travis Kelce and featuring a track called 'Fate of Ophelia' dedicated to him. Fans are loving the song, which is now available for purchase.
Indian-American Congressman Ro Khanna acknowledges H-1B visa abuse by IT outsourcing firms and calls for reform. He opposes the $100,000 fee and suggests a prevailing wage standard. Khanna emphasizes the importance of high-skilled talent and warns against limiting H-1B visas. He agrees with Trump's goal of reform but not his methods.
An Indian techie shared her LinkedIn tips for securing interviews at top firms like Uber, Meta, and Amazon. She used keyword combinations and filters to apply to recent job postings and message recruiters. Despite not getting offers, she landed a job at Salesforce with a 40% salary hike. She suggests utilising your network and living in the Bay Area for career advancement in tech.
Indian government extends deadline for PLI Scheme for Textiles until December 31, 2025, following overwhelming response from industry stakeholders. The scheme aims to promote Man-Made Fibre apparel and Technical Textile products, with a budget of Rs 10,683 crore for five years. Companies must meet investment and turnover thresholds to qualify for incentives of up to 15 per cent.
The festive season in Mumbai has seen a spike in housing registrations, with September 2025 recording the highest number and value of registered homes. Nuvama brokerage house has identified listed developers like Lodha, Oberoi, Godrej Properties, Sunteck, and Rustomjee as potential beneficiaries.
Larsen & Toubro's Buildings & Factories vertical has won a Rs 5,000 - 10,000 crore order for an IT park in Bengaluru and a mixed-use development in Mumbai. The project includes six towers with Grade A office space and sustainable features. The company's share price has risen by 8.03% in the last six months.
Elon Musk has been facing backlash for amplifying a post denying colonisation and equating British colonisers to Indians. The post has been called out for ignoring the atrocities of British rule in India. Although he responded with a thinking face emoji, many are disappointed in Musk for promoting such a controversial viewpoint.
Tamil Nadu CM MK Stalin criticized FM Nirmala Sitharaman's visit to Karur stampede site, questioning BJP's neglect of other disaster sites in the state. He accused BJP of using tragedy for political gain and slammed AIADMK for supporting them. He vowed to protect state from divisive forces and called AIADMK a "washing machine" for escaping accountability.
South Africa and England will battle it out in the Women's ODI World Cup, with South Africa aiming for a third consecutive semifinal appearance. While their explosive top order is a strength, their inexperience in spin bowling is a concern. England, a four-time champion, has been struggling with batting and fielding, but their strong spin attack gives them an advantage.
Taylor Swift's new album 'Life of a Showgirl' has received both praise and criticism from fans and industry reviews. While her lyricism and vocal range have been praised, some fans have criticized the songwriting and collaborations. Despite this, many believe it has the potential to win Album of the Year.
Varun Dhawan and Janhvi Kapoor’s much-anticipated rom-com Sunny Sanskari Ki Tulsi Kumari opened at the box office with modest numbers on day one. Despite strong pre-release buzz and a star-studded cast, the film has underperformed compared to competitors like Kantara Chapter 1. While reviews remain mixed, the coming weekend will decide if the Dharma Productions venture can gain momentum.
Robbie Williams opened up about his struggles with Tourette syndrome and intrusive thoughts in his latest podcast. Tourette syndrome is a neurodevelopment disorder that causes involuntary movements and sounds. Tics, such as blinking and shoulder shrugging, can lead to injuries. Stress, anxiety, and fatigue can affect the intensity of tics.
Finance Minister Nirmala Sitharaman stressed on the significance of public-private partnerships to drive capital expenditure growth in the future. The government has raised its capital expenditure and is dedicated to its objectives. A target of Rs 11.21 lakh crore has been set for the fiscal year 2025-26. Sitharaman also highlighted the role of domestic factors and increased consumption i
The 2025 Seoul International Drama Awards, hosted by Jang Do Yeon and Taecyeon, saw A-listers such as IU, Ju Ji Hoon, and Sakaguchi Kentaro on the red carpet. The event received 276 submissions from 50 countries and recognized exceptional performances in Korean and international categories. Ben Stiller won the top award for his role in Severance Season.
Tata Motors has successfully demerged into two separate listed entities, TML Commercial Vehicles and Tata Motors Passenger Vehicles, resulting in a 3% increase in share price. The demerger, effective from October 1, has set record dates for shareholders and debenture holders with a 1:1 share swap ratio.
BJP MP Anurag Thakur has written to Tamil Nadu CM MK Stalin seeking details of the Karur stampede, including the primary reasons, crowd management measures, and plan to prevent future incidents. The NDA delegation also visited the site and met with the families of the deceased. The incident, which occurred during TVK chief Vijay's rally, has sparked a political uproar in the state.
"Kantara: Chapter 1, the latest installment in the Rishab Shetty franchise, has shattered box office records with a whopping opening day collection of Rs 60 crore. The 2022 debut film earned Rs 407 crore worldwide and the 2025 release has already surpassed its first week's collection. A must-watch action thriller that has taken the industry by storm."
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.