28 C 
Vande Bharat Sleeper: Flight-like comforts, fares from 960 Take a look at what 2AC offers
Key features within the berths prioritize individual comfort and personal space. Each passenger gets direct control over an automotive-inspired air-ventilation unit, an adjustable reading lamp, and full-length privacy drapes
India initiates anti-dumping probe on Pen-G, salts from China
The DGTR, which agreed to the companys suggestion for 2025-26 as the period of investigation, said there is sufficient prima facie evidence that the PUC is being dumped into the domestic market by exporters from China.
India initiates anti-dumping probe on Pen-G, salts from China
The DGTR, which agreed to the companys suggestion for 2025-26 as the period of investigation, said there is sufficient prima facie evidence that the PUC is being dumped into the domestic market by exporters from China.
Gurugram tops residential launches at 1.38 lakh cr in 2025; NCR sees 450% post-Covid appreciation
Only four citiesGurugram, Bengaluru, Mumbai and Hyderabadcrossed the 1 lakh crore mark in residential launch and sales value
Gurugram tops residential launches at 1.38 lakh cr in 2025; NCR sees 450% post-Covid appreciation
Only four citiesGurugram, Bengaluru, Mumbai and Hyderabadcrossed the 1 lakh crore mark in residential launch and sales value
Sebis CAS guidelines likely within a week, says chief Tuhin Kanta Pandey
Sebi chairman Tuhin Kanta Pandey said the regulator expects to issue guidelines on the settlement-price mechanism for derivatives on expiry days within a week. The move follows a review of the Closing Auction Session. Sebi is also working on simpler regulations, easier market access, lower compliance costs and stronger technological resilience.
AI data-centre boom puts Indias power grid under pressure, drives up upgrade costs
Electricity officials around India are grappling with the many ways Artificial Intelligence infrastructure is reshaping power transmission dynamics.
AI data-centre boom puts Indias power grid under pressure, drives up upgrade costs
Electricity officials around India are grappling with the many ways Artificial Intelligence infrastructure is reshaping power transmission dynamics.
Why are people's voices being suppressed?: Actor Imran Khan detained in Mumbai amid CJP protests
Bollywood actor Imran Khan participated in a protest at August Kranti Maidan organized by CJP. After his detention, he shared a humorous photo from inside a police van on social media. He clarified that he attended the event as a concerned citizen rather than representing any organization. More than 400 people have been detained at this protest, along with nearly 1,000 others in Delhi.
Milky Mist denies FSSAI inquiry on its paneer products
The clarification follows reports that the Central Food Safety Department asked Tamil Nadus Food Safety Department to submit Milky Mist paneer samples for lab testing
FMCG players expect emerging distribution channels to post strong growth for Q2 FY27
AWL Agribusiness indicated that alternate channel, consisting of modern trade, quick-commerce and e-commerce, delivered double-digit growth
Adani Defence & Aerospace wins SIDM Champion Award 2026 for defence export performance
Adani Defence & Aerospace manufactures small-calibre ammunition for defence and law enforcement customers in international markets
Mathura (Uttar Pradesh) [India], October 10: Sanskriti University, a NAAC Accredited institution recognised for its commitment to academic excellence, industry-oriented education, research and innovation, is set to host its 7th Convocation Ceremony on 12 October 2026. The occasion will celebrate the academic achievements of its graduating students and recognise their transition into professional careers, research, entrepreneurship and other avenues of service to society.
DMarts Q2 profit growth trails revenue as expenses rise
DMart posted strong revenue growth in the September quarter, helped by better sales at mature stores and continued network expansion.
Tata Steel launches pre-painted steel Colorcoat in India
The product will be manufactured in Jamshedpur and sold both in India and abroad
David Zaslavs payout includes $381.7 million in stock options; he sold nearly $200 million worth of WBD shares after the acquisition deal was announced
Festive sales kick off with strong demand from smaller towns, premium buys gain traction
Electronics, fashion, beauty and home most popular categories among shoppers
Phones, ACs, fridges in demand as festive shoppers plan big-ticket upgrades on Flipkart's TBBD
Large appliances rose 30% y-o-y in the first hour, led by ACs, refrigerators and washers; Tablets up 73%, signaling demand for personal tech upgrades
Nat Habit secures Rs 142 cr funding to fuel expansion; eyes 60-70% revenue growth in FY27
Nat Habit has secured Rs 142 crore in Series C funding led by Trident Growth Partners. The investment aims to enhance its product offerings and improve distribution channels in retail and quick commerce. The company plans to increase production capacity significantly over the next two years to meet rising demand. Additionally, Nat Habit will explore new product segments like body wash and hair colour.
Persistent to squeeze out existing Nagarro shareholders en route to become seventh-largest
Persistent Systems has crossed the 90% ownership threshold in Nagarro, giving it the right to squeeze out minority shareholders and complete a full takeover of the German IT firm.
Premier Energies secures orders worth 4,000 crore in Q2
These orders from major power producers, module manufacturers, EPCs, and others total 2,308 MW for solar cells, modules, and EPC projects, the company said
Nat Habit raises 142 crore in a Series C funding round led by Trident Growth Partners
The all-primary funding round also included new investors, Physis Capital and Hero Family Office
D-Mart profit rises 8.5% to 743 crore in Q2
Its revenue from operations grew 17.8% to 19,644 crore in the quarter, up from 16,676.30 crore a year earlier
Adani Green Energy H1 Update: Operational capacity rises 24% YoY to 20,763 MW, energy sales jump 32%
Adani Green Energy reported a 24% year-on-year rise in operational capacity to 20,763 MW in H1FY27, while energy sales jumped 32% to 25,747 million units. The company added 4,083 MW of greenfield capacity and expanded its battery storage portfolio. Its board will consider Q2FY27 financial results on October 21.
D-Mart Q2FY27 result: Net profit rises 8.5% to 743 cr, revenue grows 17.8%
Avenue Supermarts Ltd, which owns and operates the retail chain D-Mart, has reported an increase of 8.5 per cent in consolidated net profit at Rs 742.98 crore for the September quarter, on a year-on-year basis. The company had posted a net profit of Rs 684.85 crore in the July-September quarter a year ago, according to a regulatory filing from Avenue Supermarts. Its revenue from operations was up 17.8 per cent to Rs 19,644 crore during the quarter under review. It was at Rs 16,676.30 crore in the corresponding quarter in the last fiscal year. Total expenses of Avenue Supermarts during the September quarter were up 18.3 per cent to Rs 18,632.70 crore. Avenue Supermarts' total income, which includes other income, was at Rs 19,657.54 crore, up 17.73 per cent in the September quarter. In the first half (H1/FY27) Avenue Supermarts' total income was at Rs 38,477.85 crore, up 16.47 per cent. Promoted by Radhakishan Damani and his family, DMart retails basic home and personal products ac
TRIGGR Brings Its Design-Led Audio and Consumer-Tech Portfolio to Flipkart's Big Billion Days 2026
New Delhi [India], October 10: TRIGGR, the design-led audio and consumer-tech brand, is bringing its festive portfolio to Flipkart's Big Billion Days 2026, with general access beginning on 9 October and early access starting a day earlier.
DMart Q2 Results: Cons profit rises nearly 9% YoY to Rs 743 crore, revenue jumps 18%
DMart operator Avenue Supermarts reported an 8.5% year-on-year rise in consolidated net profit to Rs 743 crore in Q2FY27, while revenue grew 17.8% to Rs 19,644 crore. However, EBITDA and profit after tax margins declined amid entry-level wage inflation. The company opened 15 new stores during the quarter, taking its total to 518.
FIIs dump Indian stocks for eight straight weeks: Is a reversal on the cards or more pain ahead?
FIIs sold Indian equities for an eighth consecutive week, offloading Rs 30,294 crore, while DIIs bought Rs 30,313 crore to cushion the outflows. The Nifty 50 ended marginally higher, snapping its losing streak. Elevated crude oil prices, rupee weakness and global bond yields remain key factors shaping the outlook for a sustained recovery.
Who is Ajinkya Shinde? CJP leader takes charge of Delhi protest after Dipkes detention
Ajinkya Shinde, the Cockroach Janta Partys national organisation in-charge, is leading the partys proposed Delhi protest after founder Abhijeet Dipke and two other leaders were detained at the airport on October 10.
Enforced silence: Mehbooba attacks BJP over curbs amid CJP stir in Delhi, compares with Kashmir
PDP president Mehbooba Mufti compared current restrictions in Delhi to those experienced in Kashmir after Article 370's abrogation. She accused the BJP government of manipulating public perception by claiming there were no protests. Mufti stated that the government crushes dissent and then denies its existence to portray false consent. The heightened security measures and route closures in Delhi evoke similar sentiments from Kashmir's past.
Canara HSBC Life Q2 profit rises 5% YoY to Rs 43 crore
Canara HSBC Life Insurance Company's September quarter has marked a significant growth, with a 5 percent rise in net profit, totaling Rs 43 crore from Rs 41 crore last year. This quarter also saw total income climb to Rs 2,511 crore, a rise in net premium collections reaching Rs 2,553 crore, and an increase in first-year premiums to Rs 642 crore, showcasing the company
8 midcap stocks rally up to 135% in a year; 2 turn multibaggers
Over the past year, the benchmark Nifty has remained largely flat, while the Nifty Midcap 150 index has gained around 11%. Within the midcap universe, 32 stocks have delivered double-digit returns. We spotlight eight standout performers that have surged anywhere between 50%-135% over the past year, including two multibaggers that have more than doubled investors
From Celebrity Collaboration to a Scaled Beauty Business: The Rise of Kay Beauty
Mumbai (Maharashtra) [India], October 10: Kay Beauty, co-founded by Nykaa, and actor Katrina Kaif, has evolved into a scaled and profitable beauty business. Since its launch in 2019, the brand has built a strong and growing consumer franchise, with nearly 3 million consumers choosing Kay Beauty till date, reflecting the resonance it has built through its focus on quality, innovation and accessible premium beauty.
Concurrent Gainers: 14 smallcap stocks that gain for 5 days in a row
Fourteen smallcap stocks rose in each of the five trading sessions from October 5 to 9, outperforming the broader market. Alok Industries and Modern Insulators led the gainers with 28% advances each.
Jio Platforms
Nifty bulls regain momentum, but can bears strike back? 5 factors to decide D-Streets fate next week
Indian equities snapped an eight-week losing streak as the Nifty 50 and Sensex rebounded on Friday. However, elevated crude prices, foreign investor outflows, inflation data, bond yields and the September-quarter earnings season could shape the market
New Delhi [India], October 10: Author Pavan Kaushik's 'The Fifth Estate: Corporate Communication' makes a clear case for recognising Corporate Communication as an institution rather than a function-one that increasingly influences trust, reputation, leadership credibility, stakeholder confidence and organisational resilience.
Elon Musk renewed his criticism of Ambani over delays to Starlinks India launch, sharing old reports alleging political links. Jyotiraditya Scindia rejected monopoly claims, saying licensed operators can begin services once spectrum is assigned and security conditions are met.
IT stocks surge despite US immigration curbs
On Friday, Indian IT stocks experienced an impressive surge, spearheaded by a remarkable 4.2% jump in Tata Consultancy Services shares. This unexpected rally took analysts by surprise, as it unfolded amidst ongoing concerns surrounding US regulations impacting technology firms. Additionally, OpenAI
Poonawalla Fincorp Q2 profit soars five-fold YoY to Rs 375 crore
Poonawalla Fincorp reported a remarkable net profit of 375 crore for the second quarter, marking impressive year-on-year growth. The company's loan portfolio expansion contributed to a stellar 75.6% rise in net interest income. Notably, new disbursements made up 28% of the total, exceeding 4,400 crore. The gross non-performing asset ratio improved to 1.2%, reflecting enhanced asset quality, while the capital adequacy ratio stood strong at 18.7%, indicating robust financial health.
Sebi notifies new settlement rule; unveils formula, fast-track route. Check details
The Securities and Exchange Board of India (SEBI) has rolled out fresh regulations that modify how settlement amounts for securities violations are calculated. This revamped formula curtails the double counting of unjust gains in settlement assessments. Moreover, it introduces a fast-track process for cases where settlement amounts are less than 10 lakh, aiming for quicker resolutions while ensuring regulatory efficiency in handling securities issues.
D-Street breaks 8-week losing run, outlook stays cautious though
After an eight-week slump, Indian equities experienced a robust rebound, highlighted by a notable rise in the BSE Sensex. This recovery was buoyed by declining crude oil prices, which eased from their recent peaks. While foreign portfolio investors remained in a selling mood, local institutional investors stepped in with strong buying activity.
TCS withholds quarterly bonuses for senior staff after missing targets
Employees in C3A grade and above will receive no quarterly variable allowance this quarter, while junior-level staff will get 100 per cent of their eligible pay, an internal memo said
Delhi protest: In New Delhi, traffic restrictions and heightened security measures have been implemented due to a planned protest. This demonstration is organized by the CJP, demanding the resignation of Chief Election Commissioner Gyanesh Kumar. Numerous key intersections in the city will experience diversions and restrictions, prompting police to maintain a heavy presence. Commuters are advised to avoid non-essential travel and to factor in additional time for their journeys.
Zetwerk eyes 27,000 crore IPO valuation as over 30 investors weigh anchor book
Abu Dhabi Investment Authority (ADIA), Norway's central bank, and the asset management arms of Goldman Sachs, SBI and HDFC are among more than 30 foreign and domestic investors considering participation in Zetwerk's anchor book ahead of its IPO.
Indias TCS senior staff will miss out on variable pay for September quarter, memo shows
TCS-BONUS/ (PIX):India's TCS senior staff will miss out on variable pay for September quarter, memo shows
ISDM Hosts DoDM 2026 to Explore What Makes Social Change Last
New Delhi [India], October 9: The Indian School of Development Management (ISDM) hosted the fourth edition of Dialogues on Development Management (DoDM) 2026 today at the Dr. Ambedkar International Centre, New Delhi. Centred on the theme What Makes Social Change Last?, the convening brought together leaders with experience across business and technology, grassroots development, financial inclusion, public policy, governance, philanthropy and social-sector institution-building to examine what enables social change to endure over time.
Private-Jet Broker Faces Customer Lawsuits Over Halted Flights
A private-jet broker that set out to revolutionize luxury travel faces several lawsuits from customers who say their prepaid cash is stuck at the grounded company.
Congress keeps distance from CJP stir, allies back it
The Congress party is not participating in the Cockroach Janata Party's agitation, choosing to conduct its own protests. Several allies from the INDIA bloc, however, support the CJP's demands and will join their agitation. Congress has planned a 'jan andolan' in Delhi for October 12, urging allies to participate. Rahul Gandhi is reaching out to students through events coinciding with the CJP's emergence.
A person recently posted an engaging video showcasing his unforgettable journey from Goa to Mumbai aboard the Duronto Express in First AC. Highlighting the delectable meals ranging from breakfast to dinner, he captured the breathtaking views along the Konkan Railway.
Food industry warns of supply shock over Super El Nino
India's food industry is alerting to a potential supply shock projected for the year 2027. Experts indicate that a Super El Nino may disrupt crop production and elevate food inflation. Growing concerns arise over the impact on sugar and oilseed production, particularly in states with severe drought conditions. The livestock sector is also preparing for increased feed costs due to these challenges.
India's Property Market Weighs Higher Rates Against Long-Term Growth Prospects
Delhi-NCR [India], October 9: India's real estate sector faces a fresh test as higher borrowing costs and inflationary pressures reshape the outlook for residential, commercial, retail and hospitality assets. The Reserve Bank of India's 25-basis-point repo rate increase to 5.5% has renewed questions around housing affordability, financing costs and investment decisions. The shift in the monetary policy stance from Neutral to Calibrated Tightening has also brought the trajectory of interest rates into sharper focus.
Netflix is reportedly preparing to cut about 5% of its workforce. The company has expanded into live events, podcasts and games while pursuing new revenue streams. It is scheduled to report quarterly earnings on October 20.
GST Council proposes 2% TDS on scrap deals
The proposed levy covers plastic waste, discarded tyres, electrical and electronic scrap, and used cooking oil. Under the framework, registered buyers will have to deduct TDS when purchasing from registered suppliers and pay GST under RCM on purchases from unregistered sellers, even when the latter fall below the GST registration threshold.
SC Justice Sheel Nagu recuses from Punjab plea against CBI probe
Supreme Court Justice Sheel Nagu recused himself from hearing the Punjab government's appeal against a high court order. The Punjab and Haryana High Court had directed a CBI probe into corruption allegations involving Chief Minister Bhagwant Mann's office. Justice Dipankar Datta noted the current challenging circumstances facing the judiciary. The case will be reassigned to a different bench by Chief Justice of India Surya Kant.
EY data breach puts spotlight on data security at Big Four as clients demand tighter controls
EY has reported a data breach that exposed sensitive client information and prompted regulatory notifications in multiple jurisdictions. This incident has raised concerns among top professional services firms regarding the protection of client data. Experts emphasize the need for tighter controls amid increasing cyberattacks and the complexity of technology used by these firms. Most communications between firms and clients are conducted over email, which poses additional risks.
Harish Rawat airs grouses, may pause his 'yatra' as Kumari Selja tells him to join teamwork
Selja, who had earlier written to Rawat to stop his parallel show, is learnt to have urged the former chief minister to cancel his independent yatra and join official Uttarakhand Congress campaigns, stressing that party unity is essential to defeating the BJP in the upcoming election. She is also learnt to have made it clear that being part of collective work is the norm for all senior Uttarakhand state Congress leaders. ETs calls to Seljas office evoked no response.
Airtel Money makes London Stock Exchange debut with $7 billion valuation
African digital financial services platform, Airtel Money, made its London Stock Exchange (LSE) debut on Friday, marking the exchange's largest initial public offering (IPO) in several years.. Sunil Mittal, Founder of Airtel and Founder and Chairman of Bharti Enterprises, said the listing builds on Bharti's significant record of long-term interests in the UK. I am delighted to welcome the successful listing of Airtel Money on the London Stock Exchange. This listing is a vote of confidence in the UK as an attractive global destination for investment, with a stable business and policy environment attractive for long-term investors, he said. The listing also builds on Bharti's significant record of long-term interests in the UK, including the strategic stake in BT announced in 2024, shareholding in Eutelsat (previously OneWeb) alongside the UK Government, and hospitality assets including the Scottish resort Gleneagles. In 2019, we listed Airtel Africa in London to leverage the UK's
Amazon Great Indian Festival logs record 440 million visits in early phase
First-time shoppers grew nearly 100 per cent, while more than 72 per cent of visits came from beyond the top nine metros; sellers saw units ordered more than double in 24 hours
Delta Air Lines cuts 2026 earnings forecast, Q3 profit misses analyst estimates, shares dip 1.72%
Delta Air Lines said that it expects adjusted earnings of $5.10 to $5.60 per share in 2026, sharply below the $6.50 to $7.50 range it reaffirmed in July
Tata Motors raises Iveco takeover offer to 14.40 per share
Tata Motors has revised its Iveco takeover bid, citing delays in regulatory authorisations, while the Italian truckmaker has welcomed the higher offer
Lakshmi Venu pushes for settlement along lines of TVS family partition
Lakshmi Venu seeks a fair, transparent settlement of TVS family wealth mirroring the 2020 partition through dialogue and mediation.
Anthem Biosciences block deal: Portsmouth Technologies sells 30 lakh shares worth Rs 250 crore
Portsmouth Technologies LLC executed a block deal selling 30 lakh shares of Anthem Biosciences on October 9. The shares were sold at Rs 833 each, totaling Rs 249.90 crore. Following this transaction, Portsmouth's estimated stake in the company would decrease significantly. Anthem Biosciences reported a decline in total income and profit after tax for the first quarter of FY27.
Poonawalla Fincorp Q2 profit surges fivefold as income rises
Poonawalla Fincorp reported a substantial increase in net profit for the second quarter, rising over fivefold. The company's net interest income and fee income grew significantly, contributing to the profit surge. New loan products accounted for a notable percentage of disbursements during this period, demonstrating the diversification of their offerings. Additionally, improvements in the gross non-performing asset ratio reflect better asset quality management.
RBI tightens daily cash reserve rules as banking system liquidity stays elevated
Banks will have to maintain 99% of their required cash reserve ration (CRR) each day from 16 October 2026, up from 90%, though the overall ratio remains at 3%.
Microcredit is business credit, not personal loan: Bandhan Bank CEO Ghosh
Bandhan Group founder Chandra Shekhar Ghosh discusses microcredit, women entrepreneurs and digital lending, stressing relationship-based lending and expansion into insurance and technology
Mumbai airlines want T1 safety reports and T2 expansion clarity on 13 October agenda
The Airline Operators Committee has asked MIAL to share technical evidence behind T1's structural risks and the alternatives it considered before proposing to shift 265 weekly international flights to Navi Mumbai.
TCS earnings lift IT stocks as demand recovery hopes boost market mood
Better-than-expected Q2 earnings and attractive valuations boost IT stocks, even as AI headwinds and US labour curbs remain concerns
KONE inaugurates digital experience centre in Pune
New centre showcases how AI, connectivity, data and digital solutions are transforming customer experiences and enabling smarter, more connected buildings
Juspay swings to 90 crore FY26 loss amid AI investments, global expansion
The SoftBank-backed payments technology firm's revenue rose 30 per cent to 664 crore in FY26, while investments in AI and international expansion weighed on profitability
If a startup can reach orbit, India can build AI the world wants: Satyan Gajwani, Times Internet
Flipkart draws 6.3 million concurrent users as Big Billion Days sale opens
Nearly one in two visits in Flipkart's opening hour came from Tier 3 towns and beyond, while non-metro customers accounted for about 60 per cent of demand during the sale
Why AI data centres need a power rethink | Vertivs Greg Funk
Montana's National Weather Office has announced a winter weather advisory affecting Interstate 90 and nearby regions. Anticipated snowfall could reach 3 inches accompanied by wind gusts up to 35 mph. This advisory will be active from 6 p.m. Saturday until 6 p.m. Sunday local time. Motorists in western Montana should prepare for slippery conditions on various highways.
Newly reported documents have led to the reopening of the criminal investigation regarding Jane Doe's sexual assault allegations. She claims to have been drugged and assaulted by members of the Chi Phi fraternity. Investigators previously received differing versions of her account, affecting how the case was initially handled. The ongoing inquiry will examine the discrepancies in the evidence provided to prosecutors.
The Future of 6G, Agentic AI, and On-Device Processing
Several trains from Mumbai to New Delhi have been rescheduled or cancelled ahead of planned protests in the capital. The Central and Western Railways announced these changes due to expected traffic disruptions on October 10. Refunds will be provided for affected passengers, who voiced concerns over these abrupt cancellations. The protests aim to address allegations against Chief Election Commissioner Gyanesh Kumar regarding electoral roll tampering.
Indian IT firms filed few PERM applications compared with US tech majors
Indian IT firms have sharply reduced PERM filings and expanded local hiring in the US, with analysts expecting a limited industry impact from the programme's suspension
Weather Tomorrow: The India Meteorological Department has issued a weather alert predicting heavy rainfall and thunderstorms for several regions. Delhi-NCR is expected to have partly cloudy skies along with light rain and potential strong winds. In Haryana, isolated rainfall and thunderstorms are possible on Saturday, while Uttar Pradesh may experience scattered rainfall. Additionally, Punjab and Bihar are likely to see light rain or thundershowers throughout the day.
Donald Trump approval rating: Concerns about the economy and the war have driven Trump's public approval to record lows and have been weighing on support for his party ahead of the November 3 election that will determine control of Congress for the next two years.
This October, Xbox Game Pass subscribers are in for a treat with the launch of several exhilarating games, including 'Gears of War: E Day'. Fans can also look forward to 'Battlefield 6', arriving later this month. However, players should keep an eye on the clock, as some titles will leave the service by October 15, prompting potential purchases.
Coal supplies to power plants rise 36% from September lows; rail loading hits 465 rakes a day
The Coal Ministry stated that rail loading has also improved, stock depletion and power demand are also expected to moderate mid-October citing historical trends.
Prolonged food inflation risk to microfinance budgets: Muthoot Microfin CEO
Muthoot Microfin plans to launch consumer durable loans and expand digital lending as it targets 30,000 crore in assets under management by 2030
PepsiCo India sharpens focus on zero-sugar, low-sugar portfolio in beverages
Bhandaru believes that over the next one and a half years, low-sugar and zero-sugar products will account for nearly 90 per cent of the portfolio volumes
Quest Global shifts domicile to India ahead of IPO
India currently contributes approx single-digit share of revenue, Prabhu said.
Thai arms smuggler gets six years in jail for role in NSCN (IM) arms procurement conspiracy
Willy Naruenartwanich was sentenced to six years in prison for his role in an arms procurement conspiracy. The conspiracy involved the National Socialist Council of Nagaland (IM) seeking to acquire weapons. Naruenartwanich acted as a key conspirator and middleman in the arms network. The case reflects the efforts made by the National Investigation Agency to combat international arms smuggling.
RBI raises average CRR maintenance requirement for banks
The Reserve Bank of India will raise the minimum daily cash reserve ratio requirement to 99% from 90%. This change will take effect from mid-October, specifically the fortnight starting October 16, 2026. Banks will be required to maintain this increased percentage without the previous operational flexibility. The move aims to reduce the current surplus liquidity within the banking system.
27 FIRs in 7 days: Legal crackdown ensues over protests against CEC Gyanesh Kumar
Over a week, law enforcement registered 27 FIRs against protesters targeting the Chief Election Commissioner, Gyanesh Kumar. The police utilized provisions of the Bharatiya Nyaya Sanhita to enforce regulations and account for collective actions. Specific sections invoked included those addressing joint criminal liability, obstruction of public officials, and physical confrontation. Police established barricades and sealed roads around key protest locations to maintain order.
Investment tourism could be GIFT Citys next big growth driver
Poonawalla Fincorp Q2 Results: Profit skyrockets 407% YoY to Rs 375 crore, NII rises 81%
Poonawalla Fincorp reported a 407% year-on-year surge in Q2FY27 profit to Rs 375 crore, while net interest income rose 81%. Operating profit more than doubled, supported by business growth, improving asset quality and an expanded gold loan network.
