31 C 
RBI rate hike will not stem outflows, leaving central bank in a bind
Indias first RBI rate hike in four years may not stop record capital outflows or ease pressure on the rupee, which has fallen 7% this year. Foreign investors have withdrawn $30 billion from Indian equities, while rising hedging costs and narrowing India-US rate differentials threaten the appeal of Indian stocks and bonds amid higher global yields, oil prices and inflation.
Bullet train milestone: 480m Sabarmati river bridge completed in Ahmedabad
Delhis monuments are becoming stages for a new cultural economy
Ticketed concerts are bringing new audiences into Delhis monuments. But as heritage becomes part of the experience economy, questions about permissions, conservation and commercial use remain
Nana Patekar, Bollywood veteran actor, died on October 8 at his home in Goa. His son confirmed the news, stating that Nana suffered a cardiac arrest. Medical personnel were unable to revive him despite efforts at Manipal Hospital. An old video of Nana's humorous interaction at a Housefull 5 event has resurfaced online.
PM Modi urges global telecom industry to build system to stop cyber fraud before it reaches users
Prime Minister Narendra Modi emphasized the need for a global effort against cross-border cybercrime during the India Mobile Congress. He also outlined India's ambitions in telecom by advancing product design, technology, and intellectual property ownership. India has made significant progress in 5G connectivity and mobile internet speeds. The government aims to connect millions of students through digital learning platforms.
India apparel market set to reach $146 billion by 2029: Report
Indias apparel market is set to grow from $95.7 billion in 2025 to $146.3 billion by 2029, a 9% CAGR, driven by rural and smaller-town consumption. Casualwear is gaining share, while kidswear and womenswear are expected to outpace menswear.
At Rs 35.9 crore, HDFC Bank's incoming boss Anup Bagchi set to be India's highest-paid bank CEO
HDFC Bank has proposed an annual compensation package of up to Rs 35.90 crore for Anup Bagchi. This remuneration could increase to Rs 43.24 crore with performance-based stock bonuses. Bagchi's package is significantly higher compared to previous CEO Sashidhar Jagdishan's total remuneration. HDFC Bank is seeking shareholder approval for this proposed compensation and Bagchi's appointment. His leadership aims to improve retail loan growth and strengthen investor confidence.
Indian Food Ministry finds discrepancies in GST filings by sugar mills
Government initiates action against erring units, asks them to furnish further details from August 20-31
Motilal Oswal Alternates makes full exit from Rs 1,155 cr realty fund
Motilal Oswal Alternates has successfully closed India Realty Excellence Fund IV after exiting all 37 investments. This fund, launched in 2020, generated a portfolio IRR of 20.4 percent despite sector challenges. The firm emphasised capital protection and active asset management throughout the investment period. Their focus has shifted towards structured credit as traditional funding sources remain selective. This marks a significant milestone for Motilal Oswal's real estate investment platform.
Air India To Offer Travel SIM Cards To Passengers For Overseas Trips
NEW DELHI, Oct 8: Air India will offer travel SIM cards to passengers for their overseas trips. EasyRoam, an Air India-branded travel SIM card that offers international roaming services, has been developed in partnership with Tata Communications. The ancillary product will be available for purchase as a physical SIM card as well as [] The post Air India To Offer Travel SIM Cards To Passengers For Overseas Trips appeared first on Northlines .
GST Council to decriminalise offences, scrap arrest powers, ease compliance
The GST Council, chaired by Finance Minister Nirmala Sitharaman, has begun deliberations on significant reforms, including decriminalising nine offences, softening provisions for 24, and raising the threshold for criminal prosecution to Rs 5 crore. The proposed changes also include scrapping the arrest powers of GST officers and introducing an 'invoice matching system' to combat fake input tax credit claims, aiming for a trust-based taxation approach and enhanced ease of doing business.
Nana Patekar, the legendary Bollywood actor, passed away at the age of 75 due to cardiac arrest on October 8. Anupam Kher, deeply affected by Patekar's loss, shared his tribute, noting how Patekar would have preferred to focus on his work rather than receiving accolades. A funeral is planned at Patekar's Pune farmhouse at 5 pm, where Kher hopes to honor his legacy with heartfelt condolences to his loved ones.
Reliance Jio is developing an indigenous satellite technology stack and has already filed pre-6G patents, chairman Akash Ambani said. The company is also working on AI-enabled voice and data services and plans to contribute significantly to Indias target of becoming a global leader in 6G.
What is the impact of 25 basis points repo rate hike on borrowers? | Explained
In the rate cut cycle the MPC had cut the rate by 125 basis points in phases from 6.5% to 5.25% before increasing it on Wednesday (October 7, 2026)
A Surat ITAT ruling has quashed reassessment proceedings involving a 50 lakh IDS disclosure after finding the tax departments section 148 notice was time-barred. The case also involved a bank error that delayed part of the taxpayers tax payment.
HDFC Capital, Godwitt Group to develop 100,000-bed workforce housing platform
HDFC Capital and Godwitt Group have partnered to create a workforce housing platform across India. This platform will develop and manage over 100,000 beds for frontline industrial workers. The aim is to enhance living standards and improve workforce mobility within the manufacturing sector. The Government of India's National Manufacturing Mission intends to significantly increase manufacturing's GDP contribution.
Modi: Global Framework Needed For Cyber Frauds, Deepfakes
Prime Minister Narendra Modi has called for a global framework to address cross-border cyber frauds and the growing menace of deepfakes. Speaking at the India Mobile Congress 2026, Modi emphasised that cyber crimes transcend borders and require a collaborative mechanism involving governments, technology companies, and financial institutions. He highlighted India's experience in digital governance and its readiness to share learnings, stressing the need for enhanced security in telecom and digital technologies.
PNB, BoB & others increase lending rates
How Navratri Fuels Gujarat's Seasonal Event Economy
India's graduate labour participation rate fell to a five-year low in September as the educated population grew faster than employment, while fewer graduates actively sought jobs
At the age of 75, renowned actor Nana Patekar passed away today due to a sudden cardiac arrest at his home in Dona Paula, Goa. Known for his captivating performances, Patekar once shared his dreams of a simpler life, contemplating opening a hotel if acting didn't pan out. His love for his village life and dedication to cinema will be cherished by many.
India joins US-led excess capacity initiative amid US Section 301 scrutiny
Experts highlight need for balancing cooperation with manufacturing ambitions; caution against legitimising pressure on Indian industry
GST Council meet: Scrapping tax officers' arrest powers, decriminalisation among reforms on agenda
The proposed changes to the GST law would be implemented in a staggered manner beginning early next year
Jennifer Lopez and Keith Urban dating rumors explained: Are they really together?
Lopez and Urban are recently facing fresh dating rumors after a RadarOnline report claimed the two have remained in frequent contact and may have met privately. The singers previously worked together as judges on American Idol. Heres what the latest report actually claims, what is known about their past connection and why the alleged romance remains unconfirmed.
GST: Tax officers' arrest powers may go away
India-US Trade Talks Hit Roadblock
While India and the US have narrowed their differences, the remaining issues will be the hardest to resolve
Yami Gautam has revealed that her simple skincare routine includes haldi, which she calls magic for her sensitive skin. During Haqs haldi ceremony, she mixed turmeric with multani mitti and said the combination worked remarkably well. Healthline notes turmeric contains antioxidant and anti-inflammatory components that may support skin glow. A simple face pack can be made using multani mitti, turmeric and water or rose water.
Nana Patekar, the veteran Bollywood actor, died at the age of 75 on October 8 after suffering a cardiac arrest. His friend and fellow actor Smriti Irani shared an emotional tribute, talking about their close bond and personal memories. She recalled his unexpected phone calls and their treasured moments together, including Nana cooking for her. Read on!
Cochin Shipyard cuts steel for 70 T Bollard Pull tugs for Svitzer A/S, Denmark
Designed to handle demanding close-quarter operations, the TRAnsverse tugs can operate across a wide range of vessel types and sizes, including in challenging weather and tidal conditions
Indias apparel market set to cross $146 billion by 2029, ranks fourth globally
Rising demand for comfort, casualwear and functionality is reshaping apparel choices, while smaller towns are emerging as important consumption centres
'Fed wants US economy to do badly...': Trump targets Federal Reserve over Mortgage rates
Amazon India layoffs: Retail, customer teams hit
Mental-health interventions rise across IIT campuses
IIT campuses across India are witnessing a significant rise in students seeking mental health intervention. According to YourDost, the demand for therapy among IIT students has notably increased in recent years. Issues like academic pressure, social isolation, and parental expectations are contributing to mental health concerns. Experts emphasize that institutions should enhance student support mechanisms as enrollment grows.
IICT, YouTube unveil four AI-enabled short films under Create with AI programme
The Indian Institute of Creative Technologies and YouTube introduced AI-enabled short films under their Create with AI programme. These films were produced in collaboration with various creative studios and showcased at the IICT Theatre in Mumbai. The initiative, launched in November 2025, aims to support AI-led projects in India. Generative media tools are expected to boost productivity for creative professionals, saving significant amounts of time.
Barapulla Traffic Jam: Delhi Traffic Police issued an advisory after heavy congestion was reported on the Barapulla Phase-III Elevated Road towards Barapulla and Ring Road. The traffic police said the congestion was not reflected on Google Maps, leading more commuters to use the affected route and worsening the bottleneck at Barapulla Junction. Commuters were advised to avoid the stretch and take the NH-24/DND route.
India, 13 nations call for global action to curb excess industrial capacity
India and 13 other countries have called for coordinated global action to curb excess industrial production that distorts markets, hurts domestic industries and contributes to an imbalance between supply and demand. The countries issued a joint statement on Wednesday after meeting on the sidelines of the Organisation for Economic Co-operation and Development (OECD) Trade Committee deliberations in Washington. We call on all countries to take steps to eliminate structural excess capacity and production in their economies, including by ending the use of non-market policies and practices that distort markets and contribute to the problem, the joint statement said. Building on discussions at the G20 Trade Ministerial in Milwaukee, the economies joined the US in signing a Joint Ministerial Statement to work together through new, dedicated sectoral platforms to examine and take effective action against structural excess capacity and production in several key sectors of concern, the offi
The 57th GST Council meeting is set to consider major GST 2.0 reforms, including wider input tax credit eligibility, protection for genuine buyers from supplier defaults, faster refunds, simpler GST registration and MSME compliance relief. Proposed changes also include removing GST arrest provisions, raising the prosecution threshold, easing export rules and targeted rate tweaks across sectors.
Nana Patekar, a veteran actor in Hindi and Marathi cinema, died at the age of 75. The doctor recently revealed that after feeling uncomfortable, he contacted a friend around 2.30 am. Despite efforts from medical staff during transport, he was declared dead shortly after reaching the hospital.
Saudi to investigate flydubai cockpit stabbing
Building the route to India: Russian oil and mineral water producers expand overseas
Ecooil and Akva-Kristall are strategically enhancing export ties with Indian buyers. Leveraging their strong infrastructure for production, quality assurance, and logistics, Ecooil is set to boost sunflower oil exports, while Akva-Kristall is launching its premium mineral water to Indian consumers. The success of these ventures hinges on reliable delivery and maintaining high-quality standards, emphasizing the rising demand for Russian products in India.
IMD Update: Thunderstorms likely in coastal AP, Rayalaseema, Karnataka for a week
South Peninsula turns stormy and rainy as easterly flow gathers pace across Bay of Bengal, signalling seasonal transition from south-west monsoon to north-east monsoon
India targets 1 billion 5G users by 2030, aims to lead world in 6G: Scindia at IMC 2026
India is set to increase its 5G user base from 550 million to one billion by 2030. Communications Minister Jyotiraditya Scindia stated that India is now leading in 5G technology adoption. The Bharat 6G Alliance has established 7,700 patents, including 4,400 international ones. Scindia emphasized India's commitment to leading the world in 6G technology.
When Nana Patekar told Amitabh Bachchan to come and stay in a village: 'Why do you work so much?'
Nana Patekar passed away on October 8, 2023, succumbing to a cardiac arrest at his home in Goa. Renowned for his remarkable performances, he embraced a humble lifestyle in a quaint village near Pune. His passion for farming brought him true happiness, as he cherished the tranquility away from bustling city life.
SC moves to curb pharma firms unethical marketing
Rahul Gandhi has 'anarchist' mindset: BJP president
Pressure on current account is a temporary problem, says RBI Governor
Pressure on the current account is a temporary problem. Sooner rather than later, our external sector will improve, said RBI Governor Sanjay Malhotra.
The Railway Board has selected 11 long-distance trains with journeys exceeding 40 hours for enhanced cleanliness and service monitoring. The move will focus on housekeeping, bio-toilets, waste management, en-route cleaning, petty repairs and passenger complaints. Zonal railway officials have been asked to conduct weekly reviews and ensure cleanliness and serviceability are maintained throughout the journey until the train reaches its destination.
Modi highlights biggest citizen dividend of tech
'Still cant believe': How Bollywood reacted to legendary actor Nana Patekars death at 75
Nana Patekar, a legendary icon in Hindi and Marathi films, passed away at 75. He breathed his last at his Goa home due to a cardiac arrest on Thursday morning. Bollywood celebs, including Riteish Deshmukh, Manisha Koirala, Paresh Rawal, Akshay Kumar and others, shared emotional tributes and memories of their time with him.
Nana Patekar was known for his powerful performances, but one incident from his theatre days showed a different side of the late actor. During a performance of Hamidabaichi Kothi, an angry crowd turned violent after many spectators could not see the stage properly. Patekar realised Ashok Saraf could be targeted, pulled him away from the crowd and drove him to safety.
Anand Mahindra announced the successful creation of an engine patented by his grandfather J.C. Mahindra 108 years ago. The engine prototype was unveiled and started on Founders Day, six months after the patent's discovery. This discovery was made by Vaidehi Mayekar while organizing the company's archives and emphasized the company's engineering roots. The Mahindra Research Valley team interpreted the patent and created a working version of the engine.
Indian Markets Decline as RBI Signals More Tightening
Indian benchmark indices Sensex and Nifty experienced declines in early trade, influenced by the Reserve Bank of India's (RBI) recent repo rate hike and its signal for continued monetary tightening, coupled with rising crude oil prices and foreign fund outflows. Track Sensex, Nifty on October 8.
Unfolding El Nio may be the strongest since 1950s, says WMO
Record Pacific warmth signals the rapidly strengthening warm weather event could push central and eastern tropical Pacific temperatures to record levels by late 2026; Indian Ocean Dipole could offer a twist
IAF has grown into exceptional, network-centric force: Air Chief Marshal A P Singh
Air Chief Marshal A P Singh highlighted the Indian Air Force's operational capabilities at the 94th Air Force Day celebrations. The event included a ceremonial parade showcasing various IAF combat assets and aircraft. Singh emphasized the importance of air power in protecting national interests and saluted fallen air warriors. He expressed pride in serving as IAF chief and mentioned his upcoming retirement.
'They are paid by enemies of our nation': Trump interrupted repeatedly by protesters at Texas rally
ElevanLabs Mati Staniszewski: India Ticks All Boxes for Voice AI
Live | PM Modi inaugurates the 10th edition of the India Mobile Congress
IRDAIs proposed changes to insurance distributor commissions could reshape how policies are sold in smaller towns. Intermediaries warn that lower payouts may make low-ticket policies less viable and affect access to local advisors for first-time buyers.
This feature phone can show content without the internet | Freestream | IMC 2026
The legendary actor Nana Patekar, aged 75, has died after cardiac arrest. Despite medical efforts, he could not be brought back. His extensive filmography contains numerous iconic roles that show his versatile acting prowess. Read on to know more about it.
Regular vs direct mutual funds: Regular plans incur higher fees due to agent commissions, while direct plans are managed by investors. But that should not be the only factor in choosing a plan. Here's what else you should know.
The primary focus of the SLBS is supposed to be on policy and strategic issues relating to the flow of priority sector credit and overall financial inclusion in the state, as per the RBI guidelines governing the functioning of the committees
Nana Patekar: Lights, camera, and a life lived beyond the silver screen
Veteran actor Nana Patekar passed away at the age of 75 after suffering a cardiac arrest. Attempts to revive him with CPR were unsuccessful, leading to his death at home in Goa. Known for his impactful performances, Patekar received multiple awards throughout his film career, including national honors. Beyond cinema, he engaged in significant social work, supporting farmers in Maharashtra through his foundation.
Indonesia export overhaul may tighten palm oil supplies, lift prices
Although current domestic biodiesel production capacity is considered sufficient to support the higher mandate, GAPKI expects rising domestic consumption to progressively reduce CPO available for exports
Nana Patekar funeral: Maharashtra has decided to accord veteran actor Nana Patekar a state-honours funeral following his death at 75 in Goa. Known for his work in Marathi theatre and both Marathi and Hindi cinema, Patekar also had a notable association with the Indian Army, including service during the 1999 Kargil conflict. Funeral arrangements and the last rites schedule are yet to be announced.
UPI MDR rollout may be deferred beyond festive season to Jan 1; shares fall: Report
A proposal to defer the implementation of merchant discount rates on Unified Payments Interface transactions is being considered. This decision is expected to provide relief for retailers during the festive season. The MDR rollout was initially set to occur on October 15, but stakeholders raised concerns about potential cost increases for businesses. A committee meeting was held to discuss the timing and possible exemptions for small businesses.
Indias economy could double to over $8 trillion in a decade: Report
Digital Desk | New Delhi, Oct 8 (IANS) Indias economy could double in size to more than $8 trillion over the next decade as structural reforms, infrastructure spending and formalisation support faster growth and global investment, according to a report. A report by KKR showed that the country has already crossed the $4 trillion mark and remains on track to double its economy again over the next 10 years. India remains one of the clearest examples of how patient, structural reform can pay off over a decade rather than a quarter, it said. The report further noted that reforms introduced since 2014, including the Goods and Services Tax (GST), Insolvency and Bankruptcy Code, labour-market formalisation and digitalisation, along with sustained infrastructure spending have raised Indias growth potential. It is expected that these changes will support up to 11 per cent nominal GDP growth path. There is still room for the reforms already implemented to deliver further economic gains, according to the report. We do not see this as a story that has run its course, KKR said. Moreover, there is meaningful upside from reforms already in place as well as those that may come in the future. The report also states that greater formalisation of the economy has reduced the risk premium attached to Indian cash flows and strengthened the outlook for sustained growth. On technology, the report noted that artificial intelligence (AI) is unlikely to necessarily hurt the domestic technology related services sector. Instead, domestic IT companies could increasingly use AI in their service delivery, making the technology a potential new source of growth for the industry. In addition, Global Capability Centres (GCCs) are increasingly becoming an important growth engine, alongside traditional IT services, it said. While services already account for more than half of India's real GDP growth contribution.
50L accident claim denied; why nominee won
Strait of Hormuz transits at lowest in over two months after attacks, data shows
Seven commodity vessels passed through the strait on Tuesday (October 6, 2026), for the lowest figure since July 23, data from analytics firm Kpler showed
442MW Solar Power Plant Being Built in Rampal
A 442-megawatt solar power plant is being constructed in Rampal of Bagerhat. An allocation of Tk 2,498.08 crore has been made for the project, which will be implemented by the Bangladesh Power Development Board (BPDB). The project was approved at a meeting of the Executive Committee of the National Economic Council (ECNEC) held at the Secretariat on Wednesday. Prime Minister and ECNEC Chairperson Tarique Rahman presided over the meeting. The Power Division said the plant is being developed to increase renewable energy-based power generation, diversify the countrys energy mix and reduce carbon emissions. The project is scheduled to be completed between September this year and March 2029. Of the total project cost, Tk 374.71 crore will come from BPDBs own funds, while Tk 2,123 crore will be provided from the Power Sector Development Fund. The loan from the Power Sector Development Fund will carry an annual interest rate of 2 percent. The repayment period will be 16 years, including a one-year grace period. No new land acquisition will be required to construct the solar power plant in Rampal. In 2012, BPDB acquired 1,834 acres of land in Rampal for the construction of a coal-fired power plant. A portion of the [] The post 442MW Solar Power Plant Being Built in Rampal appeared first on Energy Bangla .
GST Council: Will Consumers Pay Less? | The Morning Brief
RBI rate hike: What it means for loans, deposits and markets
The Reserve Bank of India (RBI) opts for a precautionary rate hike to curb demand as inflation is set to inch up.
Nana Patekar had a successful Bollywood career, but over the years he grew increasingly drawn to village life and the struggles of Maharashtras farmers. A television report on farmer suicides changed how he wanted to use his money, eventually leading him to co-found the NAAM Foundation with Makarand Anaspure. From drought-hit villages to water conservation, the actor found a sense of purpose away from cinemas glamour.
Lionel Messis 21 years with Argentina in numbers
Gold and silver prices in India witnessed a slight increase during early trading hours on Thursday. Check retail rates of the precious metals in top metro cities of the country.
Economists see food, oil stoking Indias September inflation
India's consumer inflation is anticipated to rise as energy costs increased significantly during September. Brent crude surpassed $100 a barrel, contributing to higher inflation alongside rising food prices. The Reserve Bank of India raised its key repo rate for the first time in nearly four years to combat inflation. Economists predict consumer inflation reached 5.40%, marking four consecutive months above the RBI's target.
The RBIs 25 bps repo rate hike to 5.5% could keep bond yields elevated as the rate cycle turns tighter. Debt-fund investors may prefer 1-3 year high-quality corporate bonds now, while gradually adding duration as yields rise further.
Nana Patekar, the esteemed actor, sadly passed away at 75 following a cardiac arrest at his Dona Paula residence in Goa. His journey in cinema began through the encouragement of Smita Patil, leading him to filmmaker Ravi Chopra. Despite early financial challenges, his relentless pursuit to support his family helped refine his acting skills, preparing him for a remarkable career shaped by profound life experiences.
Nana Patekar, who died at 75 after a cardiac arrest, had faced severe financial hardship as a teenager. At an early age, he began working to support his family, painting movie posters for 35 a month while walking 8 km every day to reach work. His journey from those difficult years to becoming a three-time National Award-winning actor offers a glimpse into the life he lived before stardom.
Nana Patekar was a renowned actor known for his intense performances and distinct dialogue delivery. After purchasing a farmhouse in Khadakwasla near Pune, he found tranquility away from Mumbai's film industry. The 27-acre property served as a retreat where he engaged in farming while enjoying natural surroundings. He died at the age of 75.
'Pakistans Frankenstein has turned on its creator'
Nana Patekar dies at 75: 10 iconic dialogues of the Bollywood star
Celebrated actor Nana Patekar has sadly passed away at his home in Dona Paula, Goa, at the age of 75 due to a cardiac arrest. Despite attempts to revive him, he was declared dead. Renowned for his remarkable performances across various films, his legacy will continue through memorable dialogues cherished by fans. Authorities have initiated a medico-legal case, and a post-mortem is scheduled soon.
How did Ted Lassos dad die? Spoilers and everything you need to know about the Season 4 finale
Warning: This story contains major spoilers for the Season 4 finale. The episode goes back to Teds painful memories of his father when Henry asks about his grandfathers death. Heres what happens and why the moment matters to Teds relationship with his son.
Nana Patekar net worth: Veteran actor Nana Patekar has died at 75 after a cardiac arrest at his Goa residence, leaving behind a fortune built over decades in cinema. Here is a look at his Mumbai flat, his Goa property, his car collection and how much he actually earned.
Nana Patekar, the renowned veteran actor, has passed away at his residence due to a severe cardiac arrest. Found unconscious, he was rushed to a nearby hospital where medical professionals attempted to revive him with continuous CPR.
FD details soon to be included in consolidated account statement: What it means for investors
The RBI's new initiative will soon allow investors to receive a comprehensive view of their bank deposits and investments in one statement. The implementation is expected by 31 December 31 2026. Here's what it means for you.
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First-time mutual fund investors often struggle to choose from hundreds of schemes. Heres how to match funds with your goals, time horizon and risk appetite, assess past returns and shortlist schemes without getting overwhelmed.
Trump says he deserves Nobel, doubts hell get it
