26 C 
Indian Gas Exchange secures Sebi's nod to float IPO
Indian Gas Exchange Ltd has received approval from Sebi to launch an initial public offering. The proposed IPO is exclusively an offer for sale of equity shares by promoter Indian Energy Exchange Ltd. IGX aims to enhance its visibility and strengthen its brand image through this public listing. The company has been operational since June 2020 and reported increasing revenue in recent years.
Festive online sales trail last year by up to 10% as shoppers opt for smaller baskets
The research firm estimates that mobile phones will account for 30% of festive sales this year, compared with 35% last year
Banks seek clarity on RBI's new forex curbs, flag operational challenges
The measures, announced over the weekend, have raised questions about maintaining the Foreign Exchange Risk Reserve, recovering the associated costs from customers and calculating the notional value of transactions involving multiple options strategies.
The new deadline is October 19
Singularity AMC pays over Rs 40 lakh to settle AIF rule violation case with Sebi
Singularity AMC, a company rooted in Mumbai, has successfully resolved two significant matters with the Securities and Exchange Board of India (Sebi) concerning violations related to alternative investment funds. As part of the settlement, the firm has paid Rs 40.5 lakh. The infractions included not maintaining the required interest in the Singularity Equity Fund and excessive drawdowns in three of its schemes.
Quant Mutual Fund sold 20.81 lakh shares of Jubilant Pharmova worth Rs 190.47 crore in bulk deals, while Abakkus Four2Eight Opportunities Fund bought 11 lakh shares. The transactions came as the pharmaceutical company approved plans to raise up to Rs 800 crore through non-convertible debentures and seek broader debt issuance authorisation.
Indian Railways is advancing projects in Uttar Pradesh, including a proposed AligarhMathura rail link and track upgrades in Gonda district. Land acquisition and forest-clearance steps are underway for the MankapurTikri doubling and a new JhilahiTikri line.
Why did Japanese chain 7-Eleven shut 31 stores in India despite its long-term ambitions?
At the end of September, Reliance Retail, which operates 7-Eleven stores in India under a master franchise agreement, shut all 31 outlets across the country.
Elon Musk quietly becomes biggest known donor in midterm contests as he tries to save Republicans
The numbers, first reported by the New York Times ahead of this week's federal filing deadline, were confirmed by Andrew Romeo, a spokesperson for Musk's super PAC. The money includes $158 million given to the Senate Leadership Fund, the main super PAC supporting Republican Senate candidates, one of the largest known political donations in American history.
Kerala Congress fires person responsible for post asking CJI Surya Kant to resign
Kerala Pradesh Congress Committee President Sunny Joseph confirmed the removal of an individual responsible for an offensive social media post. This decision followed a lack of consent from the KPCC leadership regarding the controversial remarks against CJI Surya Kant. The KPCC reaffirmed its support for the judiciary's impartiality and clarified that opposing views do not reflect its stance.
GE to double India sourcing to $400 mn by 2030; GE-CFM engines set to power 9 in 10 aircraft
GE Aerospaces plans to increase sourcing and deepen its engineering capabilities could further integrate Indian suppliers into global aerospace manufacturing while supporting the growing demand for engine maintenance and servicing.
If he resigns from his seat, Im ready for: Assam CM Himanta Sarma dares Rahul Gandhi
Market Trading Guide: Astra Microwave, Manappuram among 5 stock recommendations for Tuesday
Analysts recommend five stocks for Tuesday, including Astra Microwave, Manappuram and Laurus Labs, citing bullish chart patterns, improving momentum and breakout signals. Here are the targets and stop-loss levels.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian benchmark indices reversed early gains on Monday, with the Sensex falling 548 points and the Nifty closing below 22,400 amid persistent FII selling, rising bond yields and geopolitical concerns. Investors will track key stocks, global cues, crude oil prices, inflation data and earnings expectations for Tuesdays market direction.
Beyond the managerial shuffle, the Board approved the infusion of funds aggregating up to $77 million or approximately 742.72 crore into Nazaras UK arm
Freshworks to acquire SaaS management platform Torii
The acquisition is expected to close in Freshworks fourth fiscal quarter of 2026, subject to customary closing conditions
Wealth Company Alternates invests 400 crore in sports brand Boldfit
The investment will support Boldfits next phase of expansion, with significant investments planned for nationwide retail expansion, product innovation and manufacturing
Powered by AI, HCLTech net profit rises 21% y-o-y to 5,132 crore in Q2FY27
Raises guidance to 2.5-4% from 1-4%, while EBIT margin guidance remains at 17.5-18.5% per cent
India's steel industry bucks global slowdown as demand and output rise: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman urged steelmakers to cut emissions and boost domestic specialty steel production to reduce import dependence. She highlighted rising domestic demand, a 6,300 crore PLI scheme and public investment as key growth drivers.
Agilisium eyes topline of $0.5 billion in 5-7 years
Babu suggested that the company plans to expand Indias share in the overall revenue mix to 20 per cent by 2030
Rajasthan pollution board orders closure of Carlsbergs manufacturing facility ahead of IPO
A regulatory inspection found particulate matter emissions nearly eight times the prescribed limit, along with inadequate transmission of emissions-monitoring data to the Central Pollution Control Board
Medical-device maker SMT seeks optimum pricing to balance access and quality
Company IPO to open this week, price band between 327 to 344 per equity share
Zetwerk sees AI infrastructure, energy orders driving growth as IPO opens on October 15
A key growth driver is demand for power equipment used by US data centres; Zetwerk has disclosed around 2,000 crore in orders linked to this segment
Agilisium aims to cut CS hire below 30%, eyes $500 mn revenue in next 5-7 years
Life sciences technology company plans to train over 700 forward-deployment experts, make Hyderabad its eastern hemisphere hub and target $500 million in revenue within five to seven years
GE Aerospace to nearly double India sourcing spend by 2030
Expansion backed by local supplier network, manufacturing investments and rising engine demand
CIEL HR eyes 2,600 crore revenue this fiscal, says K Pandiarajan
CIEL HR reported 27 per cent revenue growth to Rs 1,178 crore in H1FY27 and aims to consolidate 12 businesses into three clusters ahead of its planned IPO in FY28
No higher bid: Tata Motors final price faces crucial test as Iveco shareholders hold the key
The company remains confident of securing the deal, pointing out that takeover offers typically see a surge in acceptances during the final 48 hours before closing
Old Monk maker says Maharashtra lost 300 crore in excise revenue since plant shutdown in May
Mohan Rocky Springwater Pvt Ltd told the High Court that its standoff with the FSSAI has left its Khopoli factory shut since May, cutting off state tax revenues and leaving 300 workers idle.
Banks seek clarification on RBI forex measures
New Delhi [India], October 12: A mall was once primarily a place to shop. Today, the experience goes beyond the stores within it, with people looking for places to dine, unwind, be entertained, work, stay and spend time with family and friends. It is this shift in the way people experience commercial spaces that makes SMARR Realty's journey particularly noteworthy.
Private banks inoperative Jan Dhan accounts rise led by HDFC Bank, Kotak Mahindra Bank
Inoperative PMJDY accounts at private banks rose to 8.95 million, even as their share of total accounts fell to 36%; public sector banks reported a smaller increase.
Tax provision reversal boosts Swan Defences Q2 profit
The company reported a net profit of 566 crore in the quarter, compared to a 55 lakh loss in the year-ago period; revenue rises 72.5%
Shipping disruptions may make price hikes inevitable: Volvo Cars India MD
Volvo Cars India may raise vehicle prices as geopolitical disruptions push up shipping costs and delay components, even as the carmaker launches its flagship EX90 electric SUV.
HCLTech Q2 Results: Revenue up 11.5% but misses estimates, net profit up 21.2%
HCLTech Q2 Results 2026-27: Consolidated revenue rose 11.5% to 35,620 crore, net profit increased 21.2% to 5,132 crore.
Fitch Solutions company BMI raises FY27 growth forecast for India to 7.5%
BMI expects India's economy to grow 7.5 per cent in FY27, driven by industrial activity, but has lowered its FY28 forecast amid elevated oil prices and inflation risks
Q2 Results Today, 12th October 2026 Highlights: Follow the latest announcements and developments on the company's September quarter earnings, revenue and profit, along with updates on Bright Outdoor Media, HCL Technologies, ICICI Prudential Asset Management Company and many others.
Bengaluru (Karnataka) [India], October 12: CreditAccess Grameen Limited (NSE: CREDITACC, BSE: 541770, 'CA Grameen' or the 'Company'), India's leading rural focused inclusive financing platform has signed USD 175 million syndicated social loan facility, qualifying as ECB ('External Commercial Borrowing') under the automatic route of the Reserve Bank of India (RBI). Standard Chartered Bank and DBS Bank acted as the Joint Mandated Lead Arrangers and Bookrunners.
CreditAccess Grameen raises $175 million via syndicated social loan
The microfinance lender secured funding from 10 financial institutions across Asia, the Middle East and Africa to diversify borrowing sources and optimise funding costs.
CreditAccess Grameen to raise $175 million overseas loans from DBS, Standard Chartered and others
CreditAccess Grameen is in the process of securing a $175 million loan from several international lenders. This funding will help enhance the company's liability profile and is essential for financial management. The company intends to raise a significant portion of its annual borrowing requirements through external commercial borrowings. Financial officials noted that current hedging costs are rising but manageable overall.
LinkedIn posts about women executives land McKinsey partner in trouble; leadership role taken away
McKinsey removed senior partner Chris Bradley from his leadership roles after reviewing his LinkedIn comments questioning the glass cliff phenomenon. Details of the post here.
Century Plyboards opens 215-crore greenfield plywood manufacturing facility in Punjabs Hoshiarpur
The facility will commence operations with an annual production capacity of 60,000 cubic metres (CBM), with the second phase planned to scale the capacity to 1 lakh CBM within the next six months
ICICI Prudential AMC reported a 6.1% year-on-year rise in Q2 FY27 net profit to Rs 889 crore, while revenue from operations grew 16.3% to Rs 1,674 crore. The company declared an interim dividend of Rs 30 per share, with October 21, 2026, set as the record date. Its quarterly average AUM rose 14.4% to Rs 11.61 lakh crore.
LTTS bets on manufacturing AI; eyes 80% revenue from six strategic areas in next 5 years
At the launch of its Bengaluru AI-Native Factory lab, CEO Amit Chadha says AI for manufacturing and operations is a new business area for the company
LTTS bets on manufacturing AI; eyes 80% revenue from six strategic areas in next 5 years
At the launch of its Bengaluru AI-Native Factory lab, CEO Amit Chadha says AI for manufacturing and operations is a new business area for the company
Stellantis and Tata Motors Passenger Vehicles broaden partnership to develop vehicles in Pune
This partnership builds on the Memorandum of Understanding (MoU) signed in February 2026 and marks an important expansion of the companies long-standing strategic partnership
TCS says 80% of future hires will have digital and AI skills, with 25-30% of its 4,500 Q2 hires specialising purely in AI. AI-led work reached 10% of revenue in the September quarter, and executives expect growth in AI deals to support profit margins.
HCLTech has declared an interim dividend of Rs 12 per share for FY27, with October 16 set as the record date and October 26 as the payment date. The IT major reported a 21% year-on-year rise in Q2 net profit to Rs 5,132 crore and announced a global partnership with Anthropic.
Sahajanand Medical Technologies sets IPO price band at Rs 327-344 per share; issue opens on Oct 15
Sahajanand Medical Technologies has set a price band of Rs 327-344 per share for its Rs 475.48 crore IPO, which opens on October 15 and closes on October 19. The issue is entirely an offer for sale, with shares scheduled to list on the BSE and NSE on October 22.
Golden Symphony of Jewels - A Celebration of Timeless Elegance
New Delhi [India], October 12: This festive season, Chandukaka Saraf Jewels takes centre stage with the festive campaign Golden Symphony of Jewels, an exclusive festive jewellery campaign designed to bring together timeless craftsmanship, contemporary design and extraordinary value in gold and diamond jewellery.
HDFC Bank launches annual festival offer
HCLTech signs pact with Anthropic to set up dedicated AI business unit
HCLTech will set up a dedicated business unit and centre to develop AI solutions using Anthropic's Claude models and support their enterprise adoption
Indian equity markets ended lower on Monday as rising bond yields and continued FII outflows weighed on sentiment. The Nifty fell 0.70% to 22,363, while the Sensex lost 0.76% to 71,925. FMCG stocks led sectoral losses, while auto stocks gained. Dr Reddys and Bajaj Auto topped Nifty gainers.
Reliances Jio convention centre construction delay: SC directs MMRDA to deposit 646 cr
The lease of the BKC land required Reliance to complete construction of the Jio World Convention Centre within four years, but the project was subsequently expanded and required additional approvals.
Stellantis, Tata Motors PV join hands for vehicle tech, product development
The expanded partnership will combine Tata Motors' vehicle technology with Stellantis' engineering capabilities to develop India-made vehicles for more than 50 global markets
Siddharth Nawal to succeed Dalip Sehgal as Nexus Select Trust CEO from 2027
Blackstone-backed Nexus Select Trust has appointed Siddarth Nawal as MD and CEO designate ahead of his takeover from Dalip Sehgal on January 1, 2027, marking a leadership transition
Tata Motors, Stellantis deepen partnership to develop global vehicles in India
Tata Motors to share vehicle architecture and advanced technology as partners; target exports to over 50 markets
Tata Motors, Stellantis deepen partnership to develop global vehicles in India
Tata Motors to share vehicle architecture and advanced technology as partners; target exports to over 50 markets
HCLTech Q2 net profit rises 21.2% to 5,132 cr, revenue climbs 11.5%
HCLTech Q2 net profit rises 21.2% to 5,132 cr, revenue climbs 11.5%
Is the US Stock Market Open on Columbus Day 2026? NYSE, Nasdaq, Dow Jones and S&P 500 trading hours - The New York Stock Exchange and Nasdaq remain open for regular trading sessions today, Monday, October 12, 2026. Normal trading hours run from 9:30 a.m. to 4:00 p.m. Eastern Time. Investors buying and selling equities, options, and exchange-traded funds can process transactions without interruption.
HCL Tech Q2 Results: Profit jumps 21% YoY to Rs 5,132 crore; co declares Rs 12/share dividend
HCL Tech Q2 Results: HCL Tech's board declared a second interim dividend of Rs 12 per share for the financial year 2026-27. The record date for the payment of the interim dividend will be October 16 and the payment date is October 26, 2026.
In October 2006, a remarkable event occurred when a Chinese Song-class submarine shadowed the USS Kitty Hawk without detection during naval drills. The submarine emerged surprisingly close to the carrier but refrained from engaging, prompting debates among military experts about whether this was intentional or an accident. Years later, the decommissioned USS Kitty Hawk was sold for just a cent, stirring concerns among veterans about its fate.
Rupee jumps 96 paise to close at 95.75 against U.S. dollar
At the interbank foreign exchange market, the rupee opened at 95.61 against the U.S. dollar; in intraday trade, the rupee touched a high of 95.57 and a low of 95.96 against the greenback
From Surats soaring viaducts to an undersea tunnel near Mumbai, Indias 2-trillion bullet train is breaking ground. Shaking off delays and Japanese supply snags, a homegrown high-speed ecosystem is taking shape. Can this massive gamble finally outrun its price tag?
Lawyers file Rahul Gandhi's plea in SC as INDIA bloc march stopped at barricaded Bhagwan Dass Road
Opposition leaders organized a protest march towards the Supreme Court to file a petition regarding alleged electoral fraud. The march, named March for Democracy, was led by prominent figures like Rahul Gandhi and Mallikarjun Kharge. Participants included supporters and activists who joined the protest against Chief Election Commissioner Gyanesh Kumar. Police stopped the march at barricades on Bhagwan Dass Road in Delhi.
New Delhi [India], October 12: Lord's Mark Industries Limited has acquired Radio Electric Private Limited, the company behind the established Radiotone brand, as part of its strategic expansion into specialised electrical manufacturing and engineering.
Biotech startup PopVax begins human trials of fridge-stable covid vaccine
PopVax's PVX-001 is designed to remain stable at 2-8C for at least nine months and protect against a broad range of covid-19 variants
Tata Motors PV, Stellantis expand tie-up for global vehicle development
The expanded partnership adds advanced technology and vehicle architecture collaboration to the companies' existing manufacturing relationship
Bajaj Alts hits first close of maiden real estate fund at 950 crore
The fund will invest in commercial office development through equity joint ventures with established developers, targeting Grade A office assets in key Indian markets.
61% of jobseekers willing to disclose mental health leave, survey finds
Career-related fears persist, while respondents identify clearer work-life boundaries and stronger managerial support as key measures to improve workplace mental well-being.
Two wheeler loan interest rates: What can affect your financing cost
Grasping the nuances of bike loan interest rates is essential for effective repayment management throughout the loan duration. Elements such as your credit history and income level heavily dictate the rates provided by lenders. Its wise to factor in the complete borrowing expenses, including additional fees. Leveraging an EMI calculator can assist future borrowers in projecting their monthly installments and making informed comparisons.
The 1,000 crore question: What must change before a business can scale to the next level?
Building a 1,000 crore enterprise requires founders to reconsider how they lead, allocate capital and prepare their organisations for greater complexity. The Economic Times Founders Growth Retreat, taking place from December 4 to 7, 2026, will bring business leaders together to examine the decisions that shape sustainable growth.
India's retail inflation quickens to 5.54% in September from 4.83% in August
India's retail inflation accelerated to 5.54% in September 2026, a notable rise from August's 4.83%. This jump is particularly linked to rising food prices, predominantly in vegetables. Rural inflation hit 6.08%, outpacing urban inflation at 4.88%. In response, the Reserve Bank of India increased the benchmark repo rate by 25 basis points on October 7, 2026, and revised its inflation outlook for the fiscal year 2027.
Nepal Flash Floods Reason: Nepal has witnessed another flash flood after a landslide blocked the Budhi Gandaki River in Gorkha district. Here's why repeated floods are hitting the Himalayan country, how climate change and unstable mountain slopes contribute to the risk, and why India needs to monitor downstream rivers.
Jefferies sees 35% upside in Adani Green shares, flags demand and execution triggers
Jefferies has maintained its Buy rating on Adani Green Energy, setting a target price of Rs 1,695, implying 35% upside from the recent close of Rs 1,255. The brokerage sees the stocks 22% correction from its peak as an opportunity, citing attractive valuations, rising power demand, improving utilisation at Khavda and expansion in battery storage.
Tata Power Renewable Energy adds 419-MW capacity in Jul-Sept
TPREL's expanding renewable energy footprint continues to support India's clean energy transition while contributing to national energy security and sustainability
Plan to shackle Hope executed to perfection: Indian pacer Arshdeep Singh
India secured a 14-run victory in the third T20 International against West Indies, leading the series 2-1. Arshdeep Singh played a crucial role by taking three wickets, effectively resigning Shai Hope for just five runs. The bowlers executed their strategy successfully, limiting West Indies to 209 after batting first. Arshdeep also contributed with the bat, scoring 11 runs including a six.
Odisha's next tourism push must focus on investment and execution, says Dr. Souvagya Mohapatra
Bhubaneswar (Odisha) [India], October 12: Odisha's next phase of tourism development should focus on preparing viable hospitality projects, improving connectivity and building itineraries that encourage visitors to stay longer, according to Dr. Souvagya Mohapatra, Chairman, FICCI Eastern Region Tourism Committee, and Managing Director-India, Nepal, Bhutan & Sri Lanka, Atmosphere Core.
A Shimla consumer commission has ordered a lender to pay a borrower the market value of around 103 grams of pledged 22 carat gold, plus Rs 50,000 as compensation and costs. It found the lender did not follow RBI rules on consent and notice for surprise verification of pledged gold.
Amenhotep III's tomb has been reopened to the public after undergoing significant restoration in Egypt. Initially unearthed during Napoleons expedition in 1799 and thoroughly excavated in 1915, the tomb still showcases remarkable wall paintings and hieroglyphs, despite extensive looting. Amenhotep III, who ruled for an impressive 38 years, was responsible for erecting numerous grand monuments. His mummy is currently housed at the National Museum of Egyptian Civilisation in Cairo.
Owaisi Targets Akhilesh Ahead of UP Polls, Alleges Understanding With Yogi
US Midterm Elections 2026: The races that will decide control of the US Senate
Control of the US Senate will hinge on a small group of closely watched races, with Democrats defending seats in Georgia, Michigan and New Hampshire while targeting Republican-held contests in Maine, North Carolina, Ohio, Alaska, Iowa, Texas and Kansas. Democrats need a net gain of four seats for a 51-49 majority, making breakthroughs in several states Trump carried in 2024 crucial to their chances.
Ayodhya decked up for Navratri, Durga idols installed across the city
Germany faces a shadow war more far-reaching than Cold War, warns minister
Alexander Dobrindt emphasized the need for enhanced intelligence capabilities to address emerging threats facing Germany. He believes the current 'shadow war' surpasses the intensity of the Cold War. The German government is reviewing a reform bill to empower its intelligence agencies. This bill arises from concerns following a recent failed attack linked to Russia. Officials assert that Germany must not lag behind in intelligence development amidst these challenges.
Pidilite Industries appoints Amit Agarwal as CFO Designate
He has over 22 years of experience across finance, accounting, reporting, audit and controls; Agarwal has previously worked with Pfizer, Hindustan Unilever and Vedanta Resources
High Court seeks Delhi Police's stand on plea of 2020 riots case accused to travel to UK
The Delhi High Court sought the city police's stand on a plea by activist Natasha Narwal seeking permission to travel to the United Kindom for an academic conference. The plea follows Narwal's bail in connection to 2020 northeast Delhi riots. Her counsel sought an speedy decision to apply for her visa release, release her passport and purchase tickets.
Tata Power Renewable doubles capacity addition to 419 MW in Q2 FY27
Tata Power Renewable Energy on Monday said the company added 419 megawatt of utility-scale energy generation capacity during July-September 2026, more than double the 182 MW commissioned in the year-ago period. A utility-scale project refers to the installation of a large energy infrastructure designed to generate electricity. Tata Power Renewable Energy Limited (TPREL) also executed 131.2 MWhr (megawatt hour) of storage projects during the second quarter of FY27, the company said in a statement. During the first half of FY27, the company commissioned several key projects, including the 100.8-MW Jewali Wind Project, the Kalasar FDRE Project comprising 227.5 MW of solar capacity and a 101.2-MWhr Battery Energy Storage System (BESS), the 100 MW Kayathar Group Captive Project, and the 72.5-MW Tata Steel Captive Project. With these additions, the company's utility-scale operational portfolio has grown to 7.2 GW, comprising 5.8 GW of solar, 1.3 GW of wind, and 281.2 MWhr of Battery Stor
How Sidhu Moosewala is returning to the stage using hologram technology | explained | TechPulse
Technip Energies gets contract for modernisation of HPCLs Mumbai refinery
The contract covers the delivery of a 550 kilo tonnes per annum (KTA)Integrated Hydrocracker and Catalytic Dewaxing (IHCD) unit and an 850KTASolventDeasphalting(SDA) unit
Economists Robert E. Hall and Michael Woodford won the Economics Nobel, known formally as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, the prize committee announced on October 12.
Emcure Pharmaceuticals approves merger of two wholly-owned subsidiaries
The amalgamation aims to achieve entity rationalisation and operational efficiency within the group, the company said in a regulatory filing
