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CoreWeaves slump spotlights growing burden of debt behind AI boom

COREWEAVE-STOCKS-MAIN:CoreWeave's slump spotlights growing burden of debt behind AI boom

Livemint 16 Oct 2026 1:28 am

Mistry Objection Not Valid, say two Tata Trusts

Two Tata trusts, Sir Dorabji Tata Trust and Bai Hirabai Jamsetji Tata Navsari Charitable Institution, challenge Mehli Mistry's objections. Mistry claims irregularities in trustee appointments, while the trusts deny any illegal actions. Both trusts assert that his term expired and he no longer qualifies as a trustee. Additionally, the BHJTNCI seeks to replace its reporting trustee, leading to further legal disputes. Proceedings on these matters are set for November 5.

The Economic Times 16 Oct 2026 1:23 am

SC ruling deals a heavy blow to Yes Bank's risk equity capital

Yes Bank is facing a significant reduction in its Common Equity Tier-1 capital buffer following a recent Supreme Court ruling. The court reversed the earlier write-down of over $800 million related to additional Tier-1 bonds. Analysts suggest that this verdict could lower Yes Bank's CET1 ratio to approximately 11-11.5%. The bank is currently analyzing the judgment to assess the final impacts on its financial standing.

The Economic Times 16 Oct 2026 1:18 am

Russian diesel wont help US, it shows double standards on India: Margarita M. Balmaceda, Professor at Seton Hall University

Margarita M. Balmaceda examines the hidden dynamics of energy dependency between Russia and other nations. The discussion highlights Russia's role as a 'Trojan horse' in energy politics. Recent diesel deals between the US and Russia may have limited short-term benefits for American consumers. Additionally, the implications of these deals could adversely impact Ukraine's situation. This situation reflects a troubling double standard in international energy relations.

The Economic Times 16 Oct 2026 1:07 am

Mortgage rates: Why has long term US home loan rate hit highest level in 3 years. Check impact on home loan borrowers

US Home Loan rate: The recent string of mortgage rate increases snapped as the 10-year Treasury yield pulled back from its highest level since 2002.

The Economic Times 16 Oct 2026 1:04 am

Blinkit delivery partner rescue injured puppy after road accident, give it a home at warehouse and take it along on deliveries

A puppy, seriously hurt in a road accident, found a second chance thanks to the compassionate Blinkit delivery partners. After being nursed back to health, the puppy now enjoys life in their local warehouse, frequently joining in on delivery runs. This heartwarming tale was shared by a professional on LinkedIn, capturing the attention of many social media users who praised the generosity of the delivery team.

The Economic Times 16 Oct 2026 12:56 am

PSG brings embattled Man City down to earth after pre-match show of defiance in the Champions League

Manchester City showcased a celebratory pre-match fireworks display before facing Paris Saint-Germain in the Champions League. The first half saw PSG dominate, taking a commanding lead with three goals. City managed a spirited second-half comeback, scoring two goals but ultimately fell 4-2. Former City manager Pep Guardiola witnessed the match from the stands as the team faced serious challenges.

The Economic Times 16 Oct 2026 12:54 am

Canadas Joly Threatens to Force Cleveland-Cliffs Asset Sale

Canadas industry minister said the government has the power to try to force Cleveland-Cliffs Inc. to sell its assets the country, escalating a dispute over job cuts at the companys steel operations in Ontario.

Livemint 16 Oct 2026 12:48 am

SIBM Bengaluru Opens Applications for 2027-29 M.B.A. and M.B.A. (Business Analytics) via SNAP 2026

Bengaluru (Karnataka) [India], October 15: Symbiosis Institute of Business Management (SIBM) Bengaluru, a constituent institute of Symbiosis International (Deemed University), has officially opened applications for its M.B.A. and M.B.A. (Business Analytics) Programmes for Batch 2027-29 through the Symbiosis National Aptitude (SNAP) Test 2026. Both full-time Programmes admit students exclusively through SNAP 2026.

Business Standard 16 Oct 2026 12:40 am

COLORFUL Launches the iGame X870E VULCAN W OC Motherboard

New Delhi [India], October 15: Colorful Technology Company Limited, a leading brand in gaming PC components, gaming laptops, and HiFi audio products, announces the iGame X870E VULCAN W OC, an all-white flagship overclocking motherboard designed for enthusiasts seeking uncompromising performance, advanced tuning capabilities, and distinctive aesthetics. Building on the success of the iGame X870E VULCAN OC launched earlier this year, the new white edition is built for AMD Ryzen processors on the AM5 platform and is specifically adapted for the latest flagship Ryzen 9 9950X3D2.

Business Standard 16 Oct 2026 12:00 am

Will Jio raise tariffs? Here's what Akash Ambani said ahead of IPO rollout

Ambani also identified home broadband as a major growth opportunity.

Livemint 15 Oct 2026 11:56 pm

Prosus Ventures leads $1.5 million funding in space startup Cosmochute

Cosmochute is developing its LEAP lunar mobility platform to support payload transportation and deployment on the Moon, with funding aimed at accelerating development and hiring.

Business Standard 15 Oct 2026 11:48 pm

ADB, govt of Japan sign financing pact with AM Green Ammonia

The deal includes a $100 million JICA-financed loan to help build a 1.1-million-tonne renewable-powered green ammonia facility in Kakinada, Andhra Pradesh.

Livemint 15 Oct 2026 11:42 pm

Pernod Ricard India sales grow 19% in Sep quarter; IPO plan awaits approval

French spirits maker Pernod Ricard, which on Thursday reported a 19 per cent sales growth in India for the September quarter, said its proposed initial public offering (IPO) in the country remains under discussion and is awaiting board approval. Pernod Ricard said double-digit sales growth in the first quarter of financial year 2027 in the India market, its second largest globally after the US, is driven by strong demand and continuing premiumisation as he market continues to enjoy dynamic consumer fundamentals. Pernod Ricard's financial year runs from July 1 to June 30. Growth is broad-based across the portfolio, with imported spirits in very strong double-digit growth, including Jameson, Absolut and Ballantine's, and with strong double-digit growth from Seagram's whiskies Royal Stag and Blenders Pride, said the company's earnings statement. Pernod Ricard said preparatory steps for a potential IPO in India had resulted in a favourable pipeline-filling effect, contributing

Business Standard 15 Oct 2026 11:42 pm

UCO Bank net profit rises 27% to 786 crore in July-September quarter

Public sector UCO Bank on Thursday reported a 27 per cent rise in net profit to Rs 786 crore for the second quarter ended September 30. The Kolkata-based lender earned a net profit of Rs 620 crore in the same period last fiscal year. Total income increased to Rs 8,170 crore in the second quarter from Rs 7,421 crore a year ago, UCO Bank said in a regulatory filing. Interest income improved to Rs 7,286 crore in the September quarter of FY27 from Rs 6,537 crore in the year-ago period. Operating profit also increased to Rs 1,872 crore against Rs 1,613 crore in the same quarter a year ago. On the asset quality front, the bank's gross non-performing assets (NPAs) moderated to 1.96 per cent of gross advances at the end of September 2026 compared to 2.56 per cent a year ago. Net NPAs or bad loans came down to 0.18 per cent at the end of September 2026 compared to 0.43 per cent at the end of September 2025. However, provisioning against bad loans rose marginally to Rs 444 crore during th

Business Standard 15 Oct 2026 11:31 pm

India sourced more than two-thirds of its August oil imports from just three countries

While Russias share in Indias oil imports fell to 44%, from a historic high in July, the shares of both the U.S. and the UAE surged, resulting in the cumulative shares of the three countries reached an all-time high

The Hindu 15 Oct 2026 10:57 pm

Construction-robot startup Origin raises $20 mn to automate interior work

Accel and Zacua Ventures co-led the funding round, which will help Origin scale deployment of its OG-1 robot, expand its fleet and run customer pilots in overseas markets

Business Standard 15 Oct 2026 10:49 pm

Nandan Nilekani calls for expanding Account Aggregators to reach street vendors for access credit

Nandan Nilekani emphasizes the importance of expanding the Account Aggregator framework to include self-employed individuals. He highlights the need for access to formal credit for gig workers and street vendors. By incorporating diverse financial information sources, the framework could better assess creditworthiness. Nilekani also stresses a sustainable business model for Account Aggregators to ensure sustainability. This expansion aims to create a more inclusive digital financial infrastructure in India.

The Economic Times 15 Oct 2026 10:45 pm

Air India CEO Tewolde Gebremariam sets up committee to explore cost cuts, team mergers and lower office lease expenses

Air India CEO Tewolde Gebremariam has formed a committee to explore cost cuts, including merging teams and reducing office lease expenses. The move comes as the airline's consolidated loss widened to 22,238.23 crore in 2025-26.

Livemint 15 Oct 2026 10:28 pm

IDBI Bank employees' service conditions, pension benefits fully protected: Dipam secretary

The IDBI Bank would continue to operate under the existing framework of company and labour laws, says Arunish Chawla, secretary, DIPAM. 

Livemint 15 Oct 2026 10:27 pm

Sebi writes to IRDAI to include investors' insurance policy details in consolidated account statement

Sebi Chairman Tuhin Kanta Pandey announced efforts to include insurance information in the Consolidated Account Statement. The initiative aims to provide investors with a comprehensive financial overview of their investments. Additionally, RBI's support for integrating bank deposits into the framework is also underway. A comprehensive review of existing regulations is being conducted to improve transparency and ease compliance for businesses.

The Economic Times 15 Oct 2026 10:21 pm

Tata Trusts question Mehli Mistry's locus standi for raising objections

Two Tata Trusts entities have questioned Mehli Mistry's locus standi to raise governance concerns, arguing that his tenure as trustee ended in October 2025.

Business Standard 15 Oct 2026 10:19 pm

IIFL Finance Q2 profit nearly doubles to Rs 805 crore; AUM rises 38%

IIFL Finance reported a significant increase in profit after tax for the quarter, rising to Rs 805 crore. This growth was attributed to stronger operating leverage and reduced loan losses during the period. The company's assets under management also rose substantially to Rs 1.24 lakh crore, primarily due to growth in gold loans.

The Economic Times 15 Oct 2026 10:06 pm

Mistry contends SRTT is delaying reply; trust cites charity commissioners order

Mehli Mistry alleges that failing to reply even after four months was deliberate and intended to delay the proceedings.

Livemint 15 Oct 2026 10:04 pm

New York's Central Park horses work up to 9 hours a day and get 5 weeks of vacation. The city now wants to abolish the iconic carriages

New York City has announced plans to abolish the horse-drawn carriage industry by June 1, 2028. Ongoing criticisms from animal rights activists regarding the welfare of these horses have escalated following the death of a tourist. Although current regulations are in place to protect the horses' well-being, this decision highlights an increasing acknowledgement of animal rights and safety concerns in urban environments.

The Economic Times 15 Oct 2026 10:03 pm

Insurance commission norms not intended to disrupt business models: Irdai chief

Insurance Regulatory and Development Authority of India chairman Ajay Seth also hinted that Irdai is unlikely to extend the deadline for submitting feedback.

Livemint 15 Oct 2026 10:03 pm

South Indian Bank to enter credit card market with proprietary tech platform by FY28 Q1

South Indian Bank is developing a proprietary tech platform to launch its credit card business next fiscal year. The bank aims to increase the share of retail, agriculture, and MSME loans to 65% from 61% in three years. A significant focus will be placed on growing income from RAM loans rather than lower-yielding corporate loans.

The Economic Times 15 Oct 2026 10:02 pm

Tech Mahindra Q2 profit jumps 33%

Companys business model was resilient against H-IB visa tightening due to itslow dependency on foreign labour pools and focus on local (US) hiring, says Mohit Joshi

The Hindu 15 Oct 2026 10:01 pm

Punam Raut retires from all formats of international cricket

Indian women's batter Punam Raut announced her retirement from all formats of international cricket on Thursday.

The Economic Times 15 Oct 2026 9:57 pm

L&T Finance Q2 net profit rises 33% to Rs 975 crore

L&T Finance reported a 33% increase in consolidated net profit for the quarter ending September 30, 2026. The company's consolidated loan book rose 28% year-on-year to reach Rs 1.36 lakh crore. Net interest margin improved to 10.48%, while total income increased by 26% to Rs 5,484 crore. Asset quality also showed improvement, with gross non-performing loans declining to 2.7%.

The Economic Times 15 Oct 2026 9:53 pm

Jio to focus on technology monetisation, targets debt-free status

Almost the entire proceeds will be used to make JPL net debt-free, with future expansion funded through internal cash flows, Mr. Ambani said.

The Hindu 15 Oct 2026 9:46 pm

Sebi revises CAS rules, changes derivatives expiry settlement methodology

Sebi has announced changes to the closing auction session for the equity cash market, which will begin in December 2026. The revised session will run from 3.30 pm to 3.40 pm, with specific phases for order entry. Moreover, the methodology for calculating settlement prices for derivatives contracts has been updated. Unexecuted orders will transition under new rules while maintaining time priority differences.

The Economic Times 15 Oct 2026 9:45 pm

Persistent Systems Q2 profit falls 25.4% to 351 crore; revenue up 30.3%

Persistent Systems reported a 25.4% fall in Q2 profit to Rs 351 crore, even as revenue rose 30.3% to Rs 4,664 crore; operating margin narrowed to 15% from 16.3%

Business Standard 15 Oct 2026 9:44 pm

Why Bajaj Finance shares jump 3% amid 17,500-cr capital raise plans

The stock opened at 962.55, touched an intraday high of 995.80, and was trading well above its previous close of 948.30

The Hindu Businessline 15 Oct 2026 9:27 pm

Mankind Pharma to acquire 70% stake in Belgiums ACTx for 48 million

The deal gives the Indian drugmaker access to experimental treatments targeting blood and lung cancers, strengthening its ambitions in global pharmaceutical research

The Hindu Businessline 15 Oct 2026 9:26 pm

Tech Mahindra maintains edge over Wipro in September quarter

While Wipro reported its slowest second-quarter growth in three years, Tech Mahindra reported its fastest second-quarter growth in the same period.

Livemint 15 Oct 2026 9:16 pm

Airfloa Rail secures 34.85 crore contract for Vande Bharat sleeper interiors; details here

Airfloa Rail Technology has won a 34.85 crore contract from Integral Coach Factory, Chennai, to design interiors and carry out development work for a Vande Bharat sleeper trainset. Details.

Livemint 15 Oct 2026 9:01 pm

Market Trading Guide: Adani Power among 2 stock recommendations for Friday

Indian equities rallied as global technology stocks weakened amid AI valuation concerns and US inflation worries. Analysts recommend Bajaj Holdings and Adani Power for Friday, citing improving technical momentum, key support levels and potential upside, subject to market conditions.

The Economic Times 15 Oct 2026 9:00 pm

Tata Trusts rejectsMehli Mistrys objections, calls them extraneous

The dispute centres on governance and remuneration allegations against trustees of Bai Hirabai Trust and related Tata Group affairs, with Mistry planning a rejoinder as hearings resume November 5 in Mumbai.

The Hindu Businessline 15 Oct 2026 8:54 pm

Jio's 30,213-cr IPO priced at 34x earnings, below Bharti Airtel's 39x

Jio Platforms' 30,213-crore IPO opens on October 21 at a price band of 1,065-1,119 a share, valuing the firm at 10.3 trillion, with proceeds earmarked for debt repayment

Business Standard 15 Oct 2026 8:54 pm

Navi Mumbai airport not ready for international flights? Emirates flags infrastructure gaps

Emirates has said Navi Mumbai International Airport lacks essential facilities, including catering and cargo warehousing, to support international flights.

Livemint 15 Oct 2026 8:48 pm

From 228 in 2016 to 4.9 per GB: Akash Ambani says Jio data prices are lowest globally

Speaking at Jio Platforms' IPO media meet on 15 October, Ambani said that the company helped transform India from a data-scarce market to a data-abundant nation by making mobile data services affordable.

Livemint 15 Oct 2026 8:40 pm

Tata Trusts challenges Mehli Mistrys right to contest trustee changes, cites expiry of tenure: Report

The dispute over trustee appointments and the administration of the philanthropic institutions was heard before the Maharashtra Charity Commissioner on Thursday.

Livemint 15 Oct 2026 8:36 pm

Bentley restructures India operations as UK trade deal could cut Bentayga price by 1.7 crore

The British luxury carmaker is expanding its Indian investor network as tariff changes create new opportunities for pricing and long-term growth

The Hindu Businessline 15 Oct 2026 8:36 pm

Mankind Pharma to acquire 70% in Belgian biotech firm for 48 million

Deal marks entry into next-generation CAR-T cancer therapies as company expands global innovation ambitions

Business Standard 15 Oct 2026 8:16 pm

Funskool eyes topline of 400 crore in FY27 driven by strong export business

Funskool exports private label brands as well as its own toys to over 63 countries

The Hindu Businessline 15 Oct 2026 8:10 pm

What Akash Ambani said on Jio tariff hikes ahead of record IPO launch

Akash Ambani said Jio can raise mobile tariffs but prefers growing revenue through digital services, broadband and enterprise solutions. Ahead of its Rs 30,213 crore IPO, Jio aims to expand margins and connect 100 million homes.

The Economic Times 15 Oct 2026 7:48 pm

Tech Mahindra Q2 profit rises 32.7% to 1,586 crore; revenue up 15.6%

Tech Mahindra reports a 32.7% rise in Q2 net profit to 1,586 crore and 15.6% revenue growth, supported by manufacturing and communications, while deal wins top $1 billion.

Business Standard 15 Oct 2026 7:47 pm

PPS Motors Inaugurates Pune's Largest Upcountry Automobile Service Center at Saswad for Mahindra; 151st PPS-Mahindra touchpoint in India

Pune (Maharashtra) [India], October 15: PPS Motors, a part of one of India's largest automobile retail conglomerates, inaugurated a new Mahindra service facility in Saswad, Pune, further strengthening its presence in Maharashtra and enhancing access to quality vehicle service for customers in the region. The facility was inaugurated by senior officials from Mahindra & Mahindra Ltd., including Pavan Kumar, SVP and Head Sales, Customer Care and CX, Sachin Gupta, VP & Head - Customer Care, Manoj Kumar - Zonal Head Customer Care - West Zone, Samira Mahapatra - RCCM - Pune Region, and PPS Group's Supreeth R, CEO, PPS-M & M (Maharashtra, Karnataka, Tamil Nadu and Kerala), Pakshal Shah, Chief of Staff, Insha Maseeh, COO, PPS-M & M Maharashtra along with other senior representatives from both organisations. The new workshop, PPS Group's 151st Mahindra touchpoint in India , takes its network to 9 Mahindra touchpoints in and around Pune .

Business Standard 15 Oct 2026 7:45 pm

Indian Bank, UCO Bank lead Q2 profit growth as treasury income slumps

Indian Bank, UCO Bank, South Indian Bank and Karur Vysya Bank reported double-digit Q2 profit growth, supported by core income and loan expansion. However, rising bond yields hurt treasury earnings, while improving asset quality and provisions shaped quarterly performance.

The Economic Times 15 Oct 2026 7:34 pm

Satya Nadella recalls employee he failed to help early in his career : I was an absent leader barking orders

Microsoft CEO Satya Nadella has reflected on an early management failure, recalling how he failed to recognise an employees struggles despite repeated requests for help. 

Livemint 15 Oct 2026 7:32 pm

Paras Healthcare fixes IPO price band at Rs 660-693; issue opens on Oct 21

Paras Healthcare has set its IPO price band at Rs 660-693 per share, targeting Rs 1,450 crore. Opening October 21, the issue will fund debt repayment and corporate needs, supporting expansion across its hospital network in India.

The Economic Times 15 Oct 2026 7:31 pm

Heritage Foods Q2 net slips 39% to 31 cr amid higher revenue

Milk procurement volumes increased 7% YoY in Q2 FY27 and 4% in H1 FY27 despite monsoon-related supply constraints.

The Hindu 15 Oct 2026 7:31 pm

Tata Power approaches West Bengal govt for land for solar projects, explores 2500-crore investment

Tata Power said the West Bengal government has shown a lot of keenness to promote rooftop solar adoption in the State under Ghar Ghar Solar initiative

The Hindu Businessline 15 Oct 2026 7:26 pm

Bajaj Consumer bets on Aarohan 2.0, targets 60,000 new retail outlets annually from FY28

For the quarter ended September, the company reports a profit of 70.2 crore on a revenue of 332.7 crore

The Hindu Businessline 15 Oct 2026 7:19 pm

Kiro Beauty looks beyond lips as face, skincare emerge as growth engines

Skincare also emerges as another key growth opportunity for the company, as it looks to broaden its portfolio beyond colour cosmetics

The Hindu Businessline 15 Oct 2026 7:19 pm

Myntra clocks over 30% order growth, targets 100 million monthly active users

The company has also reduced seller onboarding time from 10-15 days to under two days, while catalogue generation time has fallen from a day to four hours

The Hindu Businessline 15 Oct 2026 7:16 pm

Indian Bank Q2 profit grows 14% to 3,540 cr as asset quality improves

Indian Bank's consolidated net profit rose 14% to 3,540 crore in Q2FY27, while gross NPAs declined to 1.61% and deposits grew 12.5% year-on-year to 8.74 trillion

Business Standard 15 Oct 2026 7:13 pm

Q2 Results Highlights, 15 Oct: Wipro PAT rises 9% year-on-year; Tech Mahindra profit jumps 32.7%; Nestl shares tank after Q2 results; IIFL Finance, IRFC, Polycab, KVB and HDFC AMC report higher PAT; Heritage Foods posts decline

Q2 Results Highlights, 15th October 2026: Stay tuned to get real-time market, business and financial news updates

The Hindu Businessline 15 Oct 2026 7:13 pm

Zydus-Sunshine JV signs pact with Sri Lankas BOI for $20 mn pharma plant

The investment is expected to strengthen Zydus international presence while bolstering local pharmaceutical manufacturing capacity.

The Hindu 15 Oct 2026 7:11 pm

India's August balance of payments surplus swings to $45.4 billion from $5.6 billion deficit

India's balance of payments showed a surplus of $45.4 billion in August, despite a current account deficit. Net transfers, which include remittances, increased to $12.8 billion compared to the previous year. The capital account saw inflows of $50.6 billion, significantly higher than last year's $0.5 billion. Central bank measures to attract capital inflows have resulted in substantial foreign-exchange deposits.

The Economic Times 15 Oct 2026 7:08 pm

The US has $100 billion to break Chinas rare-earth grip. Can it stop Beijing from holding Americas supply chain hostage?

The United States can access up to $100 billion in loans for developing its critical minerals industry. Despite this financial resource, it struggles to compete with Chinas established dominance in rare earth processing and supply chains. Creating processing facilities and refining capacity requires long-term investments and strategic planning, which many private investors find unattractive.

The Economic Times 15 Oct 2026 7:05 pm

India's edible oil imports dip 7 pc to 15.44 lakh ton in Sep: SEA

India's edible oil imports fell by 7 percent in September, totaling 15.44 lakh tonnes. The decline was attributed to a sharp decrease in crude sunflower oil shipments, which dropped significantly. However, total edible oil imports increased by 3 percent for the first eleven months of the oil year. Refined oil imports saw a notable decline, while crude edible oil imports rose substantially during the same period.

The Economic Times 15 Oct 2026 7:05 pm

The Foundery Opens Cohort 2: The Search for India's Next Generation of Entrepreneurs Begins

Mumbai (Maharashtra) [India], October 15: The Foundery has opened applications for Cohort 2 of its 90-day residential venture build, sharpening its search for people who have already demonstrated the ability to build, whether teams, products, categories, communities or businesses and are now ready to create something of their own.

Business Standard 15 Oct 2026 7:00 pm

Nilesh Shah on PSU privatisation: How Hindustan Zinc offers a lesson for IDBI Bank

Kotak AMCs Nilesh Shah cited Hindustan Zinc as an example of how strategic divestment combined with a retained minority stake can create long-term national wealth. He said the governments remaining stake is now worth over Rs 62,000 crore and expressed hope that IDBI Banks divestment would deliver similar value.

The Economic Times 15 Oct 2026 6:57 pm

Food delivery platform Swiggy launches multi-restaurant ordering feature

Swiggy's new feature lets users combine food orders from up to five restaurants through a single checkout, eliminating multiple platform fees and simplifying payments across 720 cities

Business Standard 15 Oct 2026 6:56 pm

WEF could appoint Lagarde as early as November, sources say

Christine Lagarde is likely to be appointed as the chair of the World Economic Forum next month. This change would require her to step down from her position as European Central Bank chief. Following Lagarde's exit, there will be a reshuffle within the ECB due to upcoming political changes in France. The WEF board is scheduled to meet on November 2 to discuss her potential role.

The Economic Times 15 Oct 2026 6:52 pm

FASTag parking payments halted at Delhi airports T3 after misuse

FASTag-based parking payments at Indira Gandhi International Airport were temporarily halted after misuse was identified. Authorities found that the parking operator misused the smart tag for vehicle entry control instead of fee collection. Concerns were raised by former NITI Aayog Vice-Chairperson Rajiv Kumar, highlighting passenger inconvenience. The Indian Highway Management Company Limited mandated that such restrictive practices must be discontinued immediately.

The Economic Times 15 Oct 2026 6:47 pm

The number of Americans filing for jobless aid remain at historically low levels below 200,000

U.S. unemployment benefits applications slightly increased, with initial claims rising to 199,000 for the past week. Despite the increase, layoffs remain historically low, indicating job security for many workers. Hiring nonetheless showed sluggish trends, as evidenced by a disappointing 29,000 jobs added in September. While the unemployment rate ticked up to 4.2%, general confidence in the economy persists among employers.

The Economic Times 15 Oct 2026 6:46 pm

Origin raises $20 million from Accel, Zacua to scale construction robotics in the US, Europe

The deeptech startup plans to deploy 150 autonomous robots by next year on a subscription model, offering Western contractors up to 20% savings amid severe labour shortages.

Livemint 15 Oct 2026 6:46 pm

EC announces Special Summary Revision of voters' list in 17 states amid SIR controversy

The Election Commission of India recently announced a Special Summary Revision of electoral rolls in 17 states. This revision will implement Section 21 of the Representation of the People Act, with January 1, 2027, as the qualifying date. The move comes amid legal challenges and widespread protests from opposition leaders regarding the ongoing Special Intensive Revision process.

The Economic Times 15 Oct 2026 6:45 pm

Delhi's pollution battle could face another challenge: Punjab records more stubble fires than last year as paddy harvesting gathers pace

Punjab recorded 174 stubble-burning incidents between September 15 and October 13, 2026, up from 134 during the same period last year. Satellite monitoring detected 51 farm fire events on October 13 alone, with Amritsar and Tarn Taran accounting for most of the days cases. The rise comes as paddy harvesting accelerates, raising concerns over seasonal air pollution and Delhis winter air quality.

The Economic Times 15 Oct 2026 6:45 pm

Jimmy Carter net worth: Did the Nashville reporter who interviewed Dolly Parton and Clint Eastwood leave behind $1.5 million?

Jimmy Carter, the longtime Nashville entertainment reporter who interviewed stars such as Dolly Parton and Clint Eastwood, died on October 13 at the age of 73. Reports estimate his net worth at between $500,000 and $1.5 million, although his exact wealth has not been publicly confirmed. Here is a look at his earnings, career and legacy in entertainment journalism.

The Economic Times 15 Oct 2026 6:45 pm

Will form govt in Punjab 100 pc; no CM face, Congress fighting as team under 'unifying' Pargat: Sachin Pilot

Sachin Pilot asserted confidence in the Congress forming the next Punjab government, emphasizing the party's united front led by Pargat Singh. He highlighted the lack of a chief ministerial face while affirming that the party would decide leadership after elections, noting strong competition from AAP and the weakened position of SAD and BJP.

The Economic Times 15 Oct 2026 6:44 pm

Fairfax to bring IIFL Capital, Digit under IDBI Bank after 52,878 crore acquisition, build financial services group

Fairfax plans to transfer its stakes in IIFL Capital Services and Digit to IDBI Bank, creating a diversified financial services group after its 52,878 crore acquisition of a 60.72% stake in the lender. The restructuring will cover banking, insurance, investment banking and wealth management.

Livemint 15 Oct 2026 6:44 pm

Shreyas Iyer lives in a Rs 12 crore home in Mumbais Lower Parel, featuring a gaming room, customised sneaker room, private gym and scenic city views

Shreyas Iyer, currently the captain of Indian national T20 cricket team. His Mumbai home is located on the 48th floor in Lower Parel area. Reportedly the house costs approximately 12 crores. His luxurious home features a dedicated gym, gaming room and a seperate sneaker room.

The Economic Times 15 Oct 2026 6:40 pm

High nuclear power costs may hinder wider adoption in India: ReNew CEO

ReNew CEO Sumant Sinha said high nuclear power costs could limit adoption in India, while stressing the need for grid expansion, energy storage and domestic supply chains

Business Standard 15 Oct 2026 6:38 pm

Tech Mahindra announces 1:1 bonus issue, Rs 15 interim dividend; check record date

Tech Mahindra announced a 1:1 bonus share issue and Rs 15 interim dividend as it celebrated its 40th anniversary. The company expects bonus shares to be credited by December 15, 2026, subject to approvals, with October 23 as dividend record date.

The Economic Times 15 Oct 2026 6:37 pm

Despite price hike, appliance makers expect double-digit growth in festive sales

Some companies believe that it will have a minimal impact as dealers and distributors have already stocked inventory purchased at older prices through pre-buying schemes in August and September

The Hindu Businessline 15 Oct 2026 6:34 pm

Akash Ambani says Jio's 6G rollout is on the horizon, but it won't need a physical infrastructure build-out; details

Jio plans to offer 6G through a software upgrade rather than new infrastructure and is also targeting 340 million users in the mobility segment. Full details here. 

Livemint 15 Oct 2026 6:33 pm

US Iran war: Tehran says oil tanker on fire in Strait of Hormuz

Iran's army reported a fire on an oil tanker in the eastern Strait of Hormuz. The vessel was allegedly disabled its tracking systems before entering a restricted area. The situation arose in the Gulf of Oman, where such incidents can escalate tensions. Authorities have characterized the tanker as a rogue vessel.

The Economic Times 15 Oct 2026 6:32 pm

Jackie the celebrity bald eagle died of bird flu, California officials confirm

Jackie, a well-known bald eagle from Big Bear Lake, passed away due to bird flu. A necropsy revealed that bird flu caused severe complications and other overlapping health issues. While rodenticides were found, they were not the primary cause of her decline. Jackies remains were cremated to prevent the spread of avian influenza. Meanwhile, her longtime partner Shadow remains healthy and was recently seen with a new female.

The Economic Times 15 Oct 2026 6:32 pm

'Severe drought' declared in parts of UK

The UK government has declared a severe drought in southern England, impacting many counties. Extreme weather and a record-breaking summer have caused water shortages across the region. Reservoir levels have dropped significantly, which is concerning for local communities. Farmers and fire services are facing increased challenges due to the dry conditions. Monitoring and consumption restrictions are being implemented as the drought persists into autumn.

The Economic Times 15 Oct 2026 6:32 pm

Gen Z in US are more miserable than previous generations, 1 in 4 young adults seeking treatment for depression: Poll

Recent surveys reveal a troubling trend: Gen Z's mental health is deteriorating, with many grappling with depression. A mere 44% of young adults perceive themselves as thriving, a stark drop since 2010. Factors like economic strain and social media pressures intensify feelings of dissatisfaction. Moreover, this demographic struggles more than their older counterparts in achieving financial independence and personal aspirations, who are experiencing a boost in life satisfaction.

The Economic Times 15 Oct 2026 6:27 pm

Stellantis to invest 4,000 crore by 2030 to launch 12 new products of Citroen, Jeep

The company will leverage its partnership with Tata Motors to bring shared-platform technology to India and globally, said MD and CEO Shailesh Hazela

The Hindu Businessline 15 Oct 2026 6:26 pm

US Wholesale inflation jumped last month by most in four years as gas prices soared

Wholesale inflation rose unexpectedly in September due to significant increases in fuel costs and other goods. The Labor Department reported a 6.3% rise in the producer price index compared to last year. Month-to-month wholesale prices increased by 1.3%, marking the largest monthly jump since March 2022. Core prices also saw a notable rise, up to 5% from the previous year.

The Economic Times 15 Oct 2026 6:26 pm