26 C 
IRDAI may roll out insurance commission caps from January, overhaul distribution rules
India's insurance regulator intends to implement reforms for insurance distribution starting in January 2024. The proposed changes include capping commissions paid by insurers to brokers, aiming to lower consumer fees. Insurers have until October 25 to provide feedback on the proposals before regulations are finalized. These reforms seek to widen insurance penetration especially in rural areas and new markets.
3 SME IPOs to list today: Acme India Industries, TNA Solutions, Paramount Syntex; check key details
On October 9, the BSE SME platform welcomes three new IPOs: Acme India Industries, TNA Solutions, and Paramount Syntex. These offerings collectively raised around Rs 241 crore, attracting various subscription levels. Acme stood out with an impressive 124.23 times subscription rate, while Paramount's drew in only 1.88 times. TNA Solutions also piqued interest with subscriptions reaching 55.20 times.
India IT set for fourth year of weak growth on geopolitics, AI risks
As HCL Technologies Ltd. and Tech Mahindra Ltd. unveil their latest reports, investors are keenly observing the situation, particularly given the looming threats posed by AI disruptions and restrained client expenditures. These factors are influencing growth forecasts for tech companies. Tata Consultancy Services Ltd. did exceed expectations in profit gains; however, revenue growth remained modest in terms of constant currency.
Negative Breakout: These 8 stocks cross below their 200 DMAs
The 200 DMA is a widely used technical indicator that helps traders assess the overall trend of a stock.
United Airlines CEO Scott Kirby, 59, says he sleeps for 8.5 hours, reads for three hours daily and limits meetings to four hours. The airline executive also averages more than 20,000 steps a day and prioritises family time despite frequent travel.
Rising oil, weak rupee and rate fears hammer Dalal Street; VIX jumps 10%
On Thursday, Indian equities faced a significant sell-off, leading to declines in both Sensex and Nifty. The Sensex dropped by 1,045.46 points, while Nifty fell by 371.25 points. The decline resulted in a market capitalisation loss of nearly 10 lakh crore. Global concerns such as elevated oil prices and interest rate increases are impacting investor sentiment. Overall, the Indian stock market continues to struggle amid challenging economic factors.
Weak rains clouds recovery in Rs 3.3 lakh crore microfinance sector
India's microfinance sector, with a market worth 3.30 lakh crore, is encountering credit risk hurdles. Key factors include inconsistent rainfall and drought in critical states such as Karnataka and Maharashtra, which deeply influence the agricultural economy tied to rural borrowers. In response, some institutions are exercising caution by closely monitoring high-risk areas, yet the lack of loan protection further exacerbates the financial risks involved.
Vedanta announces Rs 5 per share dividend, sets October 14 as record date
Vedanta has announced a dividend of 5 per share for the current fiscal, which will amount to a total payout of 1,955 crore from the company. Record date for the dividend is October 14. This is the first dividend announced by the company this fiscal, and effectively, the first after its mega demerger in June.
Jane Street hits back at Sebis allegations, says regulator changed the goal posts
Jane Street's counsel challenged the Securities and Exchange Board of India's claims regarding its trading strategy and actions. The firm has paid the amount requested by SEBI, even before a hearing took place. Jane Street halted its trading in India and questioned the regulator's focus on large trade volumes. Complaints received by SEBI were discussed, emphasizing the right to know the complainants' identities.
India plans Exim Bank credit lines to rescue solar exports after US tariff blow
New Delhi will offer credit lines to African and Latin American nations to help domestic manufacturers find new buyers as steep US tariffs stall exports and trigger a factory capacity glut, new and renewable energy secretary Santosh Kumar Sarangi told Mint.
US tries to dig up Indians' green card journey, but few are on that path
Data shows Indian IT companies collectively received fewer than 1,400, or less than 2%, of the 117,849 permanent labour requests filed between October 2024 and September 2025.
India overhauls medical device safety rules, expands digital surveillance
New guidelines widen monitoring of AI-enabled devices, software glitches and cybersecurity risks while extending reporting to primary health centres.
Stocks in news: TCS, ITC, Infosys, Cochin Shipyard and RIL
On Thursday, the financial markets took a hit, plummeting by almost 1.5% due to robust selling pressure. The Nifty index wavered near its April 2026 low, suggesting ongoing vulnerabilities. In a positive twist, TCS announced a notable 15% rise in its consolidated net profit for the second quarter. Meanwhile, ITC engaged in a substantial block trade, while shares of Infosys and Wipro faced declines during US market hours.
Anup Bagchi set to become India's highest-paid bank CEO, may earn Rs 35.9 crore a year
HDFC Bank has proposed a substantial annual remuneration package of
Cochin Shipyard gets order to build 40 ships from U.S., Germany, Norway, other nations: Sonowal
A senior Shipping Ministry official said that some Russian entities have also shown interest in building ships in India
PwCs Pratik Jain said the GST Councils latest measures mark the third phase of the tax reform, shifting focus to bolder policy changes and ease of doing business. He said wider refunds for input services and capital goods, along with ITC on employee insurance, could ease working-capital stress and lower costs.
Deloitte Indias MS Mani said the latest GST reforms reflect growing trust between government and industry, with technology enabling simpler compliance and more targeted enforcement. He said easier registration, annual returns with quarterly payments, return corrections and removal of arrest provisions could reduce compliance fears and bring more businesses onto the GST platform.
EY partner Bipin Sapra said the GST Councils latest reforms address input tax credit blockages, expand refunds, support exporters and streamline tax administration. He said rationalising Section 17(5) could reduce tax cascading and costs for businesses, while decriminalisation and removal of arrest powers should create a more conducive business environment.
ET Graphics: The GST playbook milestones over 9 years
From its rollout in 2017 to GST 2.0, Indias goods and services tax has evolved into a more digitised and predictable tax regime. Over nine years, the system has seen changes in tax rates, slabs, compliance and technology, reshaping how businesses manage indirect taxes and interact with the tax administration.
Apple is set to unveil several smart home products at its upcoming event on October 13, including a smart home hub. This new hub is expected to have a 6-inch display and will combine various functionalities. Updates to the HomePod mini and Apple TV 4K are also anticipated, featuring improved technology and capabilities. The event will take place in New York and may include a hands-on experience for media members.
New Delhi [India], October 8: Rocket Learning, one of India's largest early learning non-profits, hosted Udaan 2026 in New Delhi - India's largest convening on Early Childhood Care and Education (ECCE). The event brought together a diverse line-up of speakers and experts from government and policymaking, research and academia, education, civil society and technology. The theme for this edition was 'From Surviving to Thriving', and the event saw discussions on enhancing Anganwadis, investing in early childhood development, the role of technology in supporting India's youngest children and the resulting impact, through speaker sessions and panel discussion.
Surging bond yields likely to slash banks' treasury income
Banks are expected to report a nearly 60% decline in treasury income for the July-September quarter. Analysts predict treasury gains to decrease from 13,100 crore last year to 5,500 crore this year. Rising government bond yields have negatively impacted investment portfolios, leading to lower gains. Public sector banks will feel a more pronounced effect due to their larger government securities portfolios.
OpenAIs Revenue Run Rate Nears $50 Billion, Less Than Reported
OpenAI is on track to generate annualized revenue of roughly $50 billion based on its current performance, according to people familiar with the matter, an uptick from the prior year but less than some recently reported estimates for the ChatGPT maker.
TCS onboards 10,000 freshers in Q2 FY27; plans to hire on demand
India's largest IT services firm says hiring will track client demand as it invests in AI skills, workforce training and niche talent, while subcontractor expenses rise in Q2
TCS Q2 profit rises 15% to Rs 13,884 crore as AI revenue doubles; growth remains subdued
TCS reported a 15% year-on-year rise in September-quarter net profit to Rs 13,884 crore, while revenue grew 11.2% to Rs 73,188 crore. AI services revenue doubled to $3.1 billion annually, but constant-currency growth was just 0.5%. Margins narrowed to 24% as hiring and operating costs increased.
TCS posts slowest quarterly growth in three years as demand stays muted
TCS reported 0.2% sequential revenue growth in the JulySeptember quarter, beating analyst expectations but marking its slowest second-quarter growth in three years.
Texprocil to focus on Kasturi Cotton, benefits of FTAs for textile sector
Currently, less than 50% of the cotton that is brought for branding meets the mandatory specifications and tests to be branded as Kasturi Cotton
Amazon India expects its Great Indian Festival 2026 to set new records, after early deals grew 3540%. The company expanded Amazon Now to 120 cities, increased fulfilment capacity by nearly 50%, added logistics facilities and created 160,000 seasonal jobs, its top executive in India said.
Amazon Great Indian Festival opens with record 100% growth in orders
Customers from every pin code placed orders as premium smartphones, home entertainment, fashion and beauty drove demand, with Amazon reporting its biggest-ever opening day
Announcing the venture on social media, Navya said she had been working on the initiative for some time before making it public.
Micro units await details on SME Growth Fund
FSSAI issues notices to Dr Reddy's, Nestle, Flipkart over misleading ads
The regulator also suspended Shreyash Retail's licence over expired and rotten food products and sanctioned prosecution against Nex International over excessive pesticide residues
Bank of Baroda becomes only PSU bank after SBI to enter pension fund business: What it means
Bank of Baroda has entered the pension fund business, becoming the second PSU bank after SBI to do so. The move comes as PFRDA seeks to expand NPS, targeting up to 4 crore new subscribers over the next 2-3 years.
bp chief meets PM, Oil Minister; to bid in OALP rounds
bp discusses technical collaboration with ONGC to enhance production from Mumbai High and Western offshore
Life insurers new business premium rose 21% in Sept to 48,780 crore
In the non-life insurance segment, gross direct premium underwritten rose 6.12% for September to 32,951.16 crore
FSSAI issues notice to Dr. Reddys, Nestle Health Science, e-comm players over misleading claims
The notice was issued regarding non-compliant advertising and claims for Celevida GLP+ on e-commerce platforms
UPI MDR decision likely today; industry expects deferral to January 2027
The panel comprises the Indian Banks Association (IBA), the Payments Council of India (PCI), and representatives of banks, payment service providers (PSPs) and various associations
Copper prices seen staying above $14,000; Hindustan Copper banks on cost discipline for expansion
The Hindustan Copper CMD stated the gap between global demand and supply could mean copper prices stay above the $14,000 per tonne-mark
GST Council allows employers to claim ITC on group insurance coverage
The GST Council's decision to allow input tax credit on employee group health and life insurance is expected to reduce coverage costs for employers, particularly MSMEs
RBI's first big liquidity mop-up after rate hike falls short as banks park less than half the target
In a bid to manage liquidity, the Reserve Bank of India executed a 29-day variable rate reverse repo auction, yet banks only stashed away Rs 79,655 crore instead of the anticipated Rs 2 lakh crore. Early fund withdrawal was permitted, but participation remained tepid, mostly because of the daily VRRR options available. The existing inter-bank surplus liquidity sits at Rs 4.24 lakh crore, highlighting ongoing hurdles in monetary transmission.
Djokovic plans to reach out to Sinner after injury ended the No. 1 player's season
Novak Djokovic plans to reach out to Jannik Sinner after his injury led to season cancellation. Sinner has been suffering from knee inflammation, causing him to withdraw from major tournaments. Djokovic understands the difficulties of recovery, having faced his own injury challenges in the past. He expressed that Sinner's absence will be felt in the tennis world and praised his achievements this year.
Indri launches Ruby Port Cask Diwali Collectors Edition 2026, limited to 600 bottles
The expression will be available from mid-October across Gurugram, Chandigarh and Bengaluru, priced as a premium collectible
Karnataka: Kumaraswamy challenges Shivakumar to probe sting operation
Union Heavy Industries and Steel Minister HD Kumaraswamy has challenged Chief Minister DK Shivakumar regarding an alleged sting operation. Kumaraswamy stated that if evidence exists, it should be presented to the public. He questioned why individuals involved in the sting operation were not arrested if they were known to the police. Additionally, he suggested the establishment of a Special Investigation Team to probe the matter.
Market Trading Guide: Deepa Jewellers among 2 stock recommendations for Friday
Indian markets remained under pressure as hawkish RBI policy, persistent FII outflows, rising bond yields and rupee weakness weighed on sentiment. Amid the sell-off, analysts identified Brooks Laboratories and Deepa Jewellers as medium-term opportunities based on bullish technical breakouts.
Smirnoff Ice enters India as United Spirits bets on ready-to-drink market
The company has introduced two variants - Smirnoff Ice and Smirnoff Ice Max - with alcohol by volume (ABV) of 4% and 8%, respectively, in flavours including Jamun, Cranberry and Citrus. To begin with, the company has started sales in Goa, Bengaluru and Mumbai.
Old dupattas can be transformed into various functional items, encouraging sustainability and creativity. Cushion covers can highlight the embroidered sections of dupattas for a decorative touch. Additionally, sturdy cotton dupattas can be made into storage baskets for organizing household items. Decorative wall hangings can add vibrant colors and patterns to living spaces using old dupattas. Finally, converting dupattas into reusable gift bags promotes eco-friendly practices during special occasions.
Gaikwad, Padikkal, Sudharsan need to raise their games in second ''A'' One Dayer
Skipper Ruturaj Gaikwad and key players aim to improve their performance in the upcoming match. After a significant loss, the team looks to recover against Australia A in the second ODI. In the first game, India A struggled with batting, as nine players failed to score more than 20 runs. Suryansh Shedge's impressive bowling performance offers selectors an additional option for upcoming matches.
India, Singapore explore 3,000-km power transmission corridor via Southeast Asia
The proposed 2,000 MW interconnection could link Imphal with Singapore through Myanmar, Thailand and Malaysia, boosting cross-border electricity trade and regional energy security.
Trump trust bought millions in Meta, SpaceX in August
In August, the trust that oversees Donald Trump's assets embarked on a notable investment campaign, acquiring shares in Meta and bonds from SpaceX. Managed by Donald Jr., this trust executed a remarkable 517 trades during the month. Among these transactions, Meta shares were purchased, valued between $5 million and $25 million, while SpaceX bonds were acquired for $1 million to $5 million, raising concerns over potential conflicts of interest.
Delhi has been put on high alert ahead of the CJP protest scheduled for October 10, with extensive security arrangements being put in place across the national capital, sources said.
India Inc's Q2 revenue growth to moderate to 16-16.5%: Report
India Incs revenue growth is estimated to moderate to 16-16.5% year-on-year in the September quarter from 17.4% in Q1, while aggregate Ebitda margins are expected to remain broadly stable at 18.2-18.6%, Crisil Intelligence said. Domestic demand remained supportive, led by automobiles, power, metals and consumer staples, despite divergent sectoral trends.
The forum was held under the theme 'Anchoring Maritime Decarbonisation' and saw participation from representatives of 62 Hydrogen Council member companies.
HCLTech rolls out a bouquet of industry AI solutions
The solutions combine deep domain expertise with AI capabilities to address high-value, industry-specific use cases across banking, healthcare and life sciences, aerospace, retail, telecom, mobility, energy and manufacturing.
Harness buys select assets of Augment Code to automate software coding
The acquisition brings Augment Code's Cosmos and Auggie CLI products into Harness, strengthening its push towards autonomous coding, testing, security and software deployment
Rolls-Royce eyes deeper India partnerships across defence, aerospace and energy
Holds first board meeting in India; CEO meets PM Modi to discuss long-term ambitions
Centre plans 30% trade-margin cap on non-scheduled cancer drugs
The proposed cap could cut retail prices by up to 70%, with the government moving ahead of a broader crackdown on steep mark-ups in cancer medicines.
PepsiCos India biz witnessed broad-based growth in Q3 CY2026
The snacks and beverage major said that international organic revenue growth accelerated to 8 per cent in Q3 CY2026
Rs 9,395 crore block deal! GQG exits ITC shares after a sharp 30% crash this year
ITC witnessed a nearly Rs 9,437 crore block deal as a GQG-linked fund sold 36.51 crore shares, while Fidelity and major Indian mutual funds bought stakes. The transaction comes as ITC shares remain under pressure from taxation concerns and weak volume recovery.
Citi helps Indian companies raise nearly $16 billion so far in 2026
Citi has helped Indian companies raise nearly $16 billion through debt and equity markets in 2026 and advised on M&A transactions worth over $36 billion amid strong deal activity
'Is Ambani the real boss of India?': Musk questions Starlink licence delay
Elon Musk questioned why Starlink still lacks an India licence despite five years of compliance, asking: Is Ambani the real boss of India?
New Delhi [India], October 8: In a first-of-its-kind rural initiative at a national scale, In-Dot Sports Pvt. Ltd. and Prasar Bharati today announced the launch of the Kisan Cricket League (KCL), a nationwide sports and entertainment platform designed to create a unique opportunity through an organized pathway for cricket and singing talent from rural and semi-urban India to reach the global stage.
Chief Economic Advisor V Anantha Nageswaran indicated that India's absence of AI focus might become an advantage. He believes that if the AI boom falters, foreign investors will seek alternative growth opportunities in India. Despite currency depreciation and external challenges, India maintains strong economic fundamentals and growth. Nageswaran highlighted the manageable current account deficit and well-capitalized banking system as positive factors.
Amazon Great India Festival opens with 100 per cent y-o-y growth in order volume
In over 120 cities served by Amazon Now, one out of every two products were delivered within minutes
Dr. Reddys facility in Andhra Pradesh gets 2 U.S. FDA observations
The company will address the observations within the stipulated timeline.
Dr. Reddys facility in Andhra Pradesh gets 2 U.S. FDA observations
The company will address the observations within the stipulated timeline.
DoT refutes bias in Starlink authorisation, says all licensees approvals pending
SpaceX founder and CEO Elon Musk had accused certain oligarchs in India of blocking the satellite internet service here. On Thursday, he asked if Ambani [was] the real boss of India.
DoT refutes bias in Starlink authorisation, says all licensees approvals pending
SpaceX founder and CEO Elon Musk had accused certain oligarchs in India of blocking the satellite internet service here. On Thursday, he asked if Ambani [was] the real boss of India.
Samsung sees record $80 bn quarterly profit as AI chip demand surges
Samsung forecasts record Q3 profit of 107.4 trillion won as AI-driven memory chip demand fuels earnings, while tight supply and rising chip costs pressure its smartphone business.
DailyObjects raises 332 crore led by Xponentia, others at 1,050 crore valuation
The fundraise marks a new phase in DailyObjectss growth journey, enabling it to scale its retail presence, deepen its product and R&D capabilities, strengthen brand building and evaluate opportunities in global markets
Honeywell to accelerate engine deliveries to HAL for trainer aircraft
Honeywell will deliver 16 engines to HAL by mid-2027, potentially easing a key bottleneck that has delayed production of the Indian Air Forces HTT-40 trainer aircraft.
This Indian company ranks among Forbes top 50 companies for women: See who else made the list
Companies needed to have a significant international presence to be considered for the ranking. For example, they had to operate in at least two of six continental regions.
National Payments Corporation of India chief Dilip Asbe joins Swift board
Swift's 15-member board will oversee strategy, management, risk and controls under a revised governance structure approved by shareholders.
Amazon lays off nearly 1,000 employees globally; 106 affected in India
The affected employees in India are from the customer care services and retail segments
The ePlane Company signs MoU with Noida airport to develop ground infra for eVTOLS
This collaboration paves the way for e200X-powered airport-to-airport transit, intra-city commutes, and emergency air ambulance services across the region
Centrum Capital allots 1.17 crore shares to promoter entity as warrant conversion continues
Shares issued at 28.52 each, comprising a face value of 1 and a premium of 27.52; JBCG pays 24.99 crore balance
TCS announced 13 key initiatives in Q2, including partnerships with Porsche, Best Buy, Honeywell, Aareal Bank and Vodafone. It also launched Google Gemini centres, AI labs, an agentic AI platform for drug development and custom SoC design services.
Tanishq brings Rahul Mishra couture jewellery to India
The limited-edition collection was first presented at Paris Couture Week
SUN Mobility names new CEOs for battery swapping and energy businesses
Satish Sundaresan to lead SUN Mobility, while Kamaldeep Singh heads Indofast Energy
Honeywell targets early completion of engine deliveries for HALs HTT-40
As per the company, some supply-chain challenges have been addressed, strengthening its confidence in completing deliveries ahead of schedule
Bio-Synergy targets 3-5 million in India sales with DNA testing kit
UK health science firm partners with Kynora Life Sciences to launch DNA and epigenetics testing kits priced between 25,000 and 85,000, targeting personalised wellness in India
Chef Gomes has received a major honour - Lifelong Excellence in Culinary Leadership from EICA
Kolkata (West Bengal) [India], October 8: Everything else should explain why this honour matters and why he deserves it.
JSW Steel Q2 crude steel production rises 5% to 7.27 million tonnes
JSW Steel on Thursday said that its consolidated crude steel production increased by 5 per cent to 7.27 million tonnes (MT) in the second quarter of the current financial year. The company's crude steel output was 6.95 MT in the year-ago period. The production at the company's Indian operations rose by 5 per cent year-on-year to 7.07 million tonnes during the second quarter, over the corresponding quarter. In a regulatory filing to BSE, the company said that the capacity utilisation of its Indian operations stood at 88 per cent during the July-September quarter of FY27. It improved to about 90 per cent in September 2026, as Blast Furnace 3 at the Vijayanagar plant gradually ramped up production following its shutdown for capacity upgradation. The company's consolidated production in the first half of the current fiscal year rose by 4 per cent to 13.86 MT, over 13.32 MT in the year-ago period, the filing said. JSW Steel is the flagship business of the diversified, USD 25-billion JS
TCS announced a five-year partnership with Porsche, including an AI Mobility Centre of Excellence and MHP acquisition. It will also transition Best Buys India GCC into an AI Capability Center, expanding its AI-led business.
M&M, Maruti Suzuki among 6 Sensex stocks that hit 52-week lows and slipped up to 12% in a month
Seven Sensex stocks touched fresh 52-week lows as Indian equities suffered a sharp sell-off on Thursday. Mahindra & Mahindra and Maruti Suzuki fell around 12% each over the past month, while Bharat Electronics, Power Grid, NTPC and ITC also hit yearly lows.
DailyObjects raises 332 cr in Series C funding round
The Series C funding round was led by Xponentia Capital Partners, Anicut Capital and Axiom Asia Private Capital
Judge says Paramount and Warner must halt merger for at least two weeks
Twelve States sued to block Paramount's pending buyout of Warner last week, alleging that such a combination would extinguish competition in Hollywood and lead to fewer choices for consumers
Ex-Flipkart Executives press Walmart to buy out their stock options
With no timing for a Flipkart IPO, eight former C-suite and senior executives said Walmart buying their shares would let them liquidate holdings
In a recent vlog, Farah Khan explored the Ashiana Senior Living Resort, where Mandira Bedi showcasing the facilities available. Residents can enjoy everything from a vibrant gaming room to a dynamic clubhouse filled with activities. Watch as elegant three-bedroom flats are highlighted, exemplifying a senior community that promotes an active, engaging lifestyle, making it a wonderful option for leisure-driven seniors.
SIR protest day 3: Rahul Gandhi says 300 MPs stopped, vows action against Modi, Shah, CEC, Bhagwat
The National Human Rights Commission is currently investigating serious allegations of sexual harassment involving three women journalists during a protest at Jantar Mantar on October 3. The Delhi Police have filed complaints and routed the case to their Crime Branch. Tensions escalated when demonstrators were detained for demanding an FIR, drawing significant attention from human rights groups concerned with the implications of these events.
