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Adani, Jabil sign MoU for AI & data centre equipment JV
Adani Enterprises and Jabil are forming a joint venture to manufacture artificial intelligence and data centre equipment in India. This venture aims to produce AI racks, servers, storage, and networking equipment for data centres. Furthermore, it will include equipment needed for power supply and cooling systems. The companies anticipate meeting both domestic demand and supporting exports in the market.
'D2C brands need distribution shift to scale up to 500 crore revenue'
In India, emerging direct-to-consumer (D2C) brands have the potential to generate Rs 100 crore in revenue within a span of two to four years. To escalate this figure to Rs 500 crore, these brands must broaden their distribution networks and engage with new customer segments. Growth opportunities lie in refining brand positioning and activating media strategies.
States asked to expedite capex loans utilisation
The Department of Expenditure has urged states to expedite their use of interest-free loans for capital investment. With only a quarter of funds allocated utilized, swift action is necessary to meet spending targets. The central government released around 51,000 crore under the Scheme for Special Assistance to States for Capital Investment by October 1. The department is actively working with states to resolve delays and identify projects.
Jaipur (Rajasthan)/ New Delhi/ Mumbai (Maharashtra)/ Kolkata (West Bengal)/ Hyderabad (Telangana) [India], October 13: This Diwali, Bvlgari, the Magnificent Roman High Jeweler, unveiled a new expression of the festival with Passing the Light. Marking the Maison's first-ever global Diwali campaign, it was an intimate evening celebrating art, craftsmanship, and shared ritual. Conceived as an ode to India and to light in its most authentic form, the event invited guests to experience a beloved tradition through the lens of contemporary art, transforming the familiar glow of the diya into something deeply rooted yet strikingly unexpected. Conceived as a profound ode to India, the intimate evening brought together cultural luminaries to unveil a monumental, artisan-crafted tribute to the festival of lights.
Blackstones AI Data Center Deals Are Looking Shaky
In a capital-intensive industry where money is the weapon that catapults startups to scale and overwhelms rivals, financiers can have a lot of sway.
Jyotiraditya M. Scindia discussed significant banking developments at the North East Bankers Conclave 2.0 in Agartala. He outlined future targets including opening new bank branches and increasing ATM installations in unbanked areas. Collaborative efforts between banks and government were emphasized to enhance development in the Northeast region. The Chief Minister of Mizoram, Lalduhoma, highlighted the importance of banks in creating economic opportunities for citizens.
Hyundai commits $15.5 billion to India, eyes global export hub expansion
Hyundai Motor Group plans to invest $15.5 billion in India by 2032, funding research and development, expanded Hyundai and Kia production capacity, a vehicle testing facility and a dedicated investment entity. The company expects the programme to create jobs.
India should let rupee find its own level: Uday Kotak calls for focus on competitiveness, innovation
Uday Kotak stated that the rupee should be allowed to find its own level without government interference. He noted that the strength of the Indian economy will eventually reflect in the currency. Recent pressure on the rupee was largely due to portfolio investment outflows rather than the current account deficit. The Reserve Bank of India implemented measures to support the rupee, resulting in a consecutive appreciation.
US bank earnings: How did JPMorgan, Goldman Sachs, Citigroup, Wells Fargo perform in Q3?
The results came after a turbulent quarter marked by the conflict in Iran, elevated oil prices and a global bond-market selloff, which affected dealmaking and trading activity across financial markets
Toothsi parent MakeO raises 90 crore to expand dental care operations
The company, operating across India and Southeast Asia, has crossed 500 crore in revenue and turned Ebitda profitable. It aims to double revenue in the next two to three years
Noel Tata, son Neville file caveat against SDTT trustees amid Tata Trusts dispute: Report
The development comes amid a wider dispute over the governance and functioning of Tata Trusts. Moreover, Tata Trusts entities other than SDTT have filed 84 caveats before the Maharashtra Charity Commissioner under Sections 41D, 41E and 67 of the Maharashtra Public Trusts Act.
Ashish Kacholia, Kotak Life lead Fusion CXs Rs 315-crore anchor book ahead of Rs 702-crore IPO
Fusion CX raised Rs 315 crore from anchor investors ahead of its Rs 702-crore IPO, with Ashish Kacholia and Kotak Mahindra Life Insurance among the participants. The issue opens on October 14 and closes on October 16. Swastika Investmart has assigned a Neutral rating, citing valuations and limited scope for re-rating.
NSEIX, London Stock Exchange sign pact to deepen India-UK market links
NSE IFSC and the London Stock Exchange have signed an MoU to explore dual listings, cross-listings, new financial products and cross-border trading connectivity between GIFT City and London. The proposed collaboration could expand global investor access for Indian issuers, improve market connectivity and strengthen GIFT IFSCs role as an international financial hub.
Titan partners with Squarespace to offer custom-domain email to users
Bhavin Turakhia-founded Titan will offer its Essential Email service to Squarespace customers at $3 per user per month, initially across the US, UK, Australia and Canada
Sebi proposes review of framework for monitoring utilization of issue proceeds
Sebi has invited public comments on recommendations to review rules governing the monitoring and disclosure of issue proceeds by listed companies. The consultation paper, based on a working groups report, also covers penalties for non-compliance and related-party transaction provisions. Stakeholders can submit comments and supporting rationale by November 3, 2026.
Adani Airport delays Mumbai international flight shift by at least five months
Mumbai airport had planned to begin rebuilding Terminal 1B in January 2027. Under the original proposal, domestic flights from Terminal 1 would move to Terminal 2, while some international operations would shift to Navi Mumbai airport.
Noel Tata and his son Neville filed a caveat petition in the Mumbai City Civil Court. This action is aimed at protecting their interests against other trustees of the Sir Dorabjee Tata Trust. Concerns have been raised regarding Noel's role in the trust structure by trustees Venu Srinivasan and Vijay Singh. They have sought scrutiny and restrictions on Noel's authority within the trust.
LIC launches three new plans for retirement income, health and cancer cover
The offerings include a deferred annuity for post-retirement income and two health plans providing fixed financial benefits under specified conditions.
OPEC cuts Indias 2026 oil demand growth forecast to 40,000 barrels per day
Gasoline and diesel to drive consumption amid strong vehicle sales, manufacturing and agricultural activity.
AI arms race giving way to AI returns race: Aditya Birla Group chairman
Aditya Birla Group chairman Kumar Mangalam Birla says businesses are taking a measured approach to AI investments, focusing on tangible returns, productivity and capital allocation
B.R. Shetty seeks $15 bn from Bank of Baroda over alleged role in NMC fraud in Bombay HC
B.R. Shetty has sought $5 billion in direct damages, $5 billion for consequential losses, including lost business opportunities, and another $5 billion for reputational damage.
Hyundai Motor Group commits $15.5 billion to India over seven years
The outlay across Hyundai Motor India and Kia will fund capacity expansion, local supplier networks, and a $700 million R&D boost to help reclaim market share from domestic rivals.
NTPC eyes green hydrogen exports, targets Asian and European markets
CMD Gurdeep Singh added that green hydrogen could become a viable business but the priority is for it move from a pilot to commercial scale.
From 201 crore invested in 2017 to 550 crore realised: WSIB-backed investor exits DASNAC
The exit comes in FY26 after generating aggregate cash proceeds of around 550 crore in FY26, as per a report. DASNAC is known for Noida projects like The Jewel of Noida and Burj Noida.
Hyundai Motor Group to invest 1.47 lakh crore till 2032
Investment includes last years commitment of 45,000 crore till 2030 spans around capacity expansion, R&D, future mobility for both Hyundai and Kia
Eastern Railway has replaced standard blankets with floral comforters in First AC coaches of the Howrah-New Delhi Rajdhani Express from 11 October. The new bedding will be washed and sanitised after every round trip to improve hygiene.
All the three are non-par, non-linked, individual plans and will be available for purchase from October 19
Urban Company considers fundraise as instant-services battle heats up
The Gurugram-based companys board will meet on 16 October to evaluate equity dilution routes as rivals Snabbit and Pronto step up pressure in on-demand household help.
NuSynth Technologies raises 36.5 crore in seed funding led by two VCs
Avaana Capital and Shastra VC co-led the funding round, which will help NuSynth expand R&D, develop proprietary chemical processes and build AI-enabled scale-up capabilities
Hyundai Motor Group to invest $15.5 billion in India by 2032
Focus on manufacturing, R&D and future technologies; India to emerge as a global export hub
Market Trading Guide: Balrampur Chini Mills among 4 stock recommendations for Wednesday
Balrampur Chini Mills, Cyient, Aditya Infotech and eClerx Services feature among four stock recommendations for Wednesday, with analysts outlining entry levels, stop losses and upside targets based on technical indicators.
The company said the announcement concerns a specific pathway to permanent residency in the US and is distinct from broader skilled talent mobility programmes, such as the H-1B visa.
CCI clears GRT Jewellers acquisition of Tribhovandas Bhimji Zaveri
The regulator said the proposed transaction raises no competition concerns, clearing the way for the jewellers planned acquisition and public offer.
ICICI Life defends credit cover as Irdai weighs steep commission cut
Management highlighted loan-linked protection as a vital safety net for low-income borrowers as the insurer awaits final rules on Irdais proposal to cap lender commissions at 2%.
Co-working overtakes IT/ITeS as India's top office occupier: Anarock report
Co-working accounted for 26 per cent of India's office demand in January-September 2026, ahead of IT/ITeS at 25 per cent, as enterprises increasingly embraced flexible workspaces
Former financial services secretary Nagaraju Maddirala appointed IL&FS CMD for two years
Nagaraju Maddirala, previously a financial services secretary, has been appointed Chairman and Managing Director of IL&FS. His appointment was confirmed by the Ministry of Corporate Affairs on October 12 following Nand Kishore's tenure. Maddirala will receive a monthly remuneration of Rs 5.5 lakh along with a company car. IL&FS is currently under a government-appointed board due to previous financial issues.
Hyundai Motor Group to invest $15.5 billion in India over seven years
Hyundai Motor Group will invest $15.5 billion in India between 2026 and 2032 to expand manufacturing, R&D, local sourcing and future mobility, and create more jobs
Political resistance will triumph: Rahul Gandhi hints at oppositions surprise move
Bengaluru court restrains media from linking Siddaramaiah to honey-trap videos
A Bengaluru court granted an injunction to Siddaramaiah, restraining media from publishing videos linking him to a honey trap. He claims these allegations are intended to tarnish his reputation and character for political reasons. Siddaramaiah has stated he has no connection to the alleged sting operation circulating on social media. He supports freedom of expression but sought legal action due to misuse by certain media sections.
Singapore President Tharman Shanmugaratnam on how India can become an export manufacturing powerhous
Tata Power, Imperial College London join hands on energy transition
The partnership will focus on grid flexibility, energy storage, artificial intelligence (AI) and machine learning (ML) applications, and advanced energy systems
IBM and MeitY Startup Hub sign MoU to accelerate deep-tech ecosystem from Tier 2&3 cities
Start-ups will get access to IBMs portfolio of enterprise technologies and innovation platforms to solve business use cases
Hubhawks' NuVoice Classics Showcases Timeless Literature at Frankfurt Book Fair 2026
Frankfurt [Germany], October 13: Hubhawks presented its NuVoice Classics collection at Frankfurt Book Fair 2026, introducing visitors to a range of literary works across distinctive formats and editions. The collection attracted interest from visitors, with some purchasing titles during the fair, offering an opportunity to bring these enduring works to new readers in an international setting.
The Maharashtra Charity Commissioner has given the Sir Dorabji Tata Trust until October 19 to respond to governance complaints by trustees Venu Srinivasan and Vijay Singh, who allege the trust interfered in Tata Sons commercial decisions and sought to restrict Srinivasans role in proposed listing.
Sebi extends easier IPO rules till March 2027, bankers body says
The Securities and Exchange Board of India (SEBI) on Tuesday extended a temporary relaxation that allows companies planning to launch initial public offerings (IPOs) to revise the size of their fresh issues without filing fresh draft documents, providing greater flexibility to issuers navigating volatile market conditions.
US PERM suspension unlikely to have material business impact: Wipro
Wipro said the suspension relates to a specific pathway to permanent residency and is distinct from broader skilled talent mobility programmes such as the H-1B visa
Vantrock unveils 4,200-crore warehousing and industrial parks plan
Vantrock Real Assets plans 11.5 million sq. ft. development across key markets, with construction of the first phase starting in 2027
Hyundai replicating India learnings across global markets: CEO Jose Muoz
Hyundai Motor CEO Jose Muoz says the company's India operations offer a blueprint for global markets, with long-term investments, localisation and electrification driving growth
CSM Tech wins $174,000 deal to digitise Mozambique's Beira trade corridor
The company will develop a digital observatory for Mozambique's Beira Corridor to monitor cargo movement, transport delays and trade bottlenecks across Southern Africa
PTC Industries among 4 stocks hitting 52-week highs; rally up to 15% in a month
Four BSE 500 stocks, including PTC Industries and Aditya Infotech, hit fresh 52-week highs as the Sensex rallied 1,109 points on Tuesday. The stocks have gained up to 14% over the past month, reflecting continued buying interest across select counters.
Car loans rise 49% as premiumisation spreads beyond metros: TransUnion CIBIL
Average passenger vehicle loan rises to 8.2 lakh; NBFCs lead financing as two-wheeler credit expands
Car loans rise 49% as premiumisation spreads beyond metros: TransUnion CIBIL
Average passenger vehicle loan rises to 8.2 lakh; NBFCs lead financing as two-wheeler credit expands
OnMeta accelerates global expansion; signs MoU with Kazakhstan's QazPost
OnMeta has signed a memorandum of understanding with QazPost to explore digital financial solutions. This collaboration aims to integrate OnMeta's digital infrastructure with QazPost's extensive distribution network.
Tata Group's semiconductor push a long-term bet on India: Chandrasekaran
Tata Sons Chairman N Chandrasekaran says chip investments must be judged over the long term, while businesses need to build resilience amid geopolitical and technology disruptions
Fashion brand Libas steps up retail expansion, plans 50-plus store additions in FY27
The brand plans to scale the jewellery catalogue to 600700 SKUs by March
RERA Needs a More Balanced Approach to Protect Homebuyers and Enable Responsible Development
New Delhi [India], October 13: Dhanuka Infra Realty Ltd CEO Yogesh Dhanuka calls for greater accountability of approving authorities, practical reforms in escrow provisions and safeguards for commercial confidentiality
Q2 Results Today, 13th October 2026 Highlights: Several companies are scheduled to announce their results for the quarter ended September 30, 2026, on Tuesday. Hero Motors, ICICI Pru, Tata Elxsi, SS Retail, Anand Rathi Share are among the companies in focus as the September-quarter earnings season progresses. Follow this live blog for the latest results, key financial highlights and stock movements as companies announce their earnings.
BR Shetty sues Bank of Baroda for $15 billion, alleges lender enabled NMC fraud
In the suit, valued at $15 billion (approximately 1.44 lakh crore), Shetty, acting through his constituted attorney Dr Shishir Shetty, has alleged that Bank of Baroda served as an instrument of fraud
His remarks have drawn criticism from social media users, who questioned the job prospects for Indians returning from overseas amid challenges facing the domestic technology industry.
Amazon expands delivery network in Tamil Nadu as festive season purchases soar
The expansions are part of the e-commerce giants larger Indian ramp up for the festive period with investment of over 2,800 crore
Radisson Hotel Group recalibrates India expansion, eyes bigger push into metros and premium hotels
The Jin Jiang-owned hotel group expects 60% of its next 250 properties to be in tier-one and tier-two cities, while expanding franchising to accelerate growth.
IBM India pitches digital swaraj with country-specific tools for sovereign AI
Bharat Core is designed to connect IBMs Sovereign Core platform to Indian systems; the company says the approach will give enterprises greater control over their data, technology and AI operations
Air India board expected to review staff travel policy, cost-saving proposals
Earlier, Air India had revised its staff travel arrangements from April 1, 2025, requiring employees, including senior management, to travel in economy
ReNew secures $100 million from Dutch development bank FMO for projects
The 10-year financing facility from FMO will support ReNew's renewable energy projects under construction and help diversify its funding sources across domestic and international markets
Prestige Estates' sales bookings rise 20% to 7,225 crore in Q2FY27
Prestige Group reported Rs 13,804.3 crore in pre-sales during H1FY27, with Bengaluru contributing 41 per cent, followed by Hyderabad at 32 per cent and Mumbai at 12 per cent
Anand Rathi Share and Stock Brokers reported a 50% year-on-year rise in consolidated net profit to Rs 41.93 crore in Q2FY27, while revenue from operations grew 20.25% to Rs 273.21 crore. Growth was supported by higher MTF interest income, distribution revenue and continued client acquisition amid market volatility.
Indian equity markets rallied over 1.5% on Tuesday, with the Sensex rising 1,109 points and the Nifty 50 gaining 358 points. IT stocks led the advance, with HCL Tech and TCS topping the gainers lists. Kotak Mahindra Bank, Eternal and Maruti Suzuki were among the notable laggards.
ONGC weighs standalone, joint venture models for new greenfield refinery
The state-run oil major is evaluating standalone, subsidiary and foreign partnership models for its proposed refinery, with capacity, investment and location yet to be finalised
Tata Elxsi Q2 Results: Profit rises 10% YoY to Rs 170 crore; revenue grows 15%
Tata Elxsi reported a 10% year-on-year rise in net profit to Rs 170 crore in Q2, while revenue from operations grew 15% to Rs 1,056 crore. Higher employee and operating expenses, along with lower other income, weighed on margins. Net profit for the first half of FY27 rose 14%.
Adani Enterprises, Jabil sign pact for AI, data centre hardware joint venture
Adani Enterprises Limited and Jabil have signed a Memorandum of Understanding for a potential joint venture. This partnership aims to manufacture AI and data center equipment in India. The agreement includes the production of AI racks, servers, and cooling systems. Gautam Adani highlighted the necessity for new industrial frameworks to support the AI revolution. The joint venture is contingent on further agreements and necessary approvals before progressing.
Zoho freezes annual salary hikes as AI costs rise, software market slows
Founder Sridhar Vembu says a fourfold rise in server prices, higher AI expenses and an uncertain software market have forced Zoho to cut marketing spending and freeze annual pay hikes
Vedaanta Senior Living launches Vedaanta Dakshin in Trichy
It is investing 40 crore in the project spread across 12.9 acres with 179 homes
Fundamentum Frontier Advisors raises 3,000 crore for AI, deeptech bets
The Nandan Nilekani-backed growth-stage fund plans to invest 100-200 crore each in 12-15 AI and deeptech companies over the next two to three years, with a hard cap of 3,500 crore
A study by Equirus Wealth finds that 70% of women have the final say over their investment portfolios, yet none of the respondents received structured financial training. Four in ten assumed financial responsibilities after a major life event, highlighting gaps in financial preparedness and wealth succession among Indian families.
Mehli Mistry rules out reinstatement as Tata Trusts trustee, seeks final order on complaints: Report
Mehli Mistry has reportedly told Maharashtras charity commissioner he does not want to be reinstated as a trustee of the Sir Dorabji Tata Trust and Sir Ratan Tata Trust.
New Delh [India], October 13: 7 years, 4 African countries and 7 Indian states later, One Electric's KRIDN X now averages 117 km a day in commercial rental service, run on an AI platform built by two final-year B Tech engineering students.
Why Indias factories struggle to keep up with the world
An Indian factory takes 23% longer to fill the same export order than a Vietnamese factory and pays for 18% more labour-hours to do it.
EIM advances 4,000 crore electric freight plan ahead of Ravindra Energy merger
Energy In Motion is combining vehicle manufacturing, battery subscriptions and charging infrastructure to make electric freight more affordable for fleet operators.
RBL Bank shares plunge 7.55% as higher provisions weigh on Q2 earnings
RBL Bank shares recorded their steepest fall in nearly two years as higher-than-expected provisions overshadowed a 2.7-fold rise in Q2FY27 net profit and improved margins
Citi and Credendo close $328 million deal to finance IndiGos 8 Airbus jets
The financing covers six Airbus A321 and two A320. Citi acted as the sole mandated arranger, ECA coordinator and sole lender, while Credendo provided credit insurance.
Jio Platforms may draw more than $20 billion in bids for IPO
Jio Platforms Ltd. is generating tremendous interest for its forthcoming initial public offering, with over $20 billion already attracted. The company targets a valuation around 10.3 trillion rupees, or $108 billion. Notable global investors such as Fidelity and Allianz are on board for this primary issue IPO. Expect the launch next week, as final anchor investor discussions are underway.
RBI to continue efforts to curb rupee volatility; external factors driving currency fall: FM
Finance Minister Nirmala Sitharaman mentioned the Reserve Bank of Indias ongoing efforts to stabilize the rupee's value. She noted that the rupee has significantly depreciated due to global uncertainties, despite India's strong economic fundamentals. Sitharaman highlighted recent measures by the RBI that helped the rupee appreciate temporarily in value. She also acknowledged the healthy debate around tax rationalization in the securities market.
Sebi notifies PMS rules; broadens investment avenue for portfolio managers, introduces PRIM route
Sebi has announced a new Portfolio Management Services framework effective from April 1, 2027. This framework permits portfolio managers to invest in IPOs, primary market debt, and various overseas securities. Portfolio managers can also offer advisory services related to unlisted securities for large investors. Furthermore, a Portfolio Managers Route for Investing in Mutual Fund units will facilitate investment in direct plans.
'If you can't beat them, join them': Uday Kotak backs China investment, manufacturing JVs in India
Speaking at the Bloomberg New Economy Forum 2026 in New Delhi on Tuesday, Kotak said Indian companies partnering with Chinese firms could help expand domestic manufacturing, drawing a parallel with China's earlier strategy of collaborating with American companies.
NTPC plans Rs 17 lakh crore investment over 10 years to meet rising power demand
Rising electricity consumption, longer peak-demand periods and emerging technologies are prompting the state-run utility to expand generation and storage capabilities
On Tuesday, members of the National Students' Union of India gathered at the Rajiv Chowk metro station. They demanded the resignation of Chief Election Commissioner Gyanesh Kumar due to electoral irregularities. Activist Vinod Jakhar was detained along with hundreds of other demonstrators during the protest. The police increased security measures in Connaught Place, which is near Jantar Mantar.
Volvo launches 1.26 crore EX90, undercuts Kia and Mercedes as BMW surge ahead
Volvo is betting on aggressive pricing to regain lost ground in Indias luxury EV market, where BMW and Mercedes-Benz remain formidable rivals, but delayed deliveries and shrinking market share threaten to slow its comeback.
Bank of America loses bankers, tells staff of big ambition, continued hiring
Recent high-profile exits at Bank of America, such as banker Amy Lissauer, have sparked concerns about the institution's future. Once a leader in investment banking fees, the bank now sits in fourth place. In response to staff unease, executives held a reassuring meeting focused on commitment to employees and recruitment plans.
Solar Defence and Aerospace Limited has announced the dispatch of 450 Nagastra-1R loitering munitions to the Indian Army in a single supply batch. The company said the order was placed under emergency procurement after technical trials, with the system configured for short-range operations and equipped with attack-abort and recovery capabilities.
Rahul Gandhi hitting own party workers: Ravi Kishan says Opposition unable to defeat Modi
