26 C 
Gold and silver prices today, 9 October: Check the latest 24K, 22K gold and 999 silver retail rates across Delhi, Mumbai, Kolkata and other major Indian cities, along with MCX market updates.
Mumbai heatwave alert widens across Maharashtra as IMD warns of hot conditions
Mumbai and nearby districts are currently under a yellow alert for potential heat-wave conditions. The India Meteorological Department forecasts dry weather following the retreat of the southwest monsoon. Economic analysts are monitoring agricultural impacts due to rising temperatures and potential food inflation risks. Weather patterns in the region will influence future policy decisions regarding economic conditions. Normal weather conditions are anticipated to return by October 12, 2026.
SpaceX to acquire spectrum that enables Starlink Mobile services
SpaceX has reached an agreement to acquire a nationwide low-band spectrum license portfolio for Starlink Mobile. This acquisition will enhance Starlink Mobile's capabilities as a telecom operator in the United States. The existing global 2 GHz mid-band spectrum will ensure high-bandwidth capacity for users. Additionally, the new low-band spectrum will help their signal penetrate through obstacles effectively.
'Will not stand by while ICE agents terrorize our communities': Mamdani as anti-ICE protests erupt
New York City Mayor Zohran Kwame Mamdon called for an immediate end to ICE operations following a shooting incident. An ICE agent shot a man in the Bronx while he was in a car with a five-year-old child. Hundreds of protesters gathered outside the hospital, demanding that ICE leave their neighborhoods and streets. The man is recovering, and the incident is under investigation by multiple agencies.
CJP protest on October 10: Delhi Police warns against gathering, calls it 'illegal'
Delhi Police has warned against the upcoming Cockroach Janata Party protest scheduled for October 10. Deputy Commissioner Shrishti Pandey stated that Section 163 is in effect, making any gathering illegal. She urged individuals not to participate in such unauthorized protests for their own safety and the safety of their families. Ongoing investigations into previous violence during the CJP protest are also being conducted by the Delhi Police Crime Branch.
PFRDA chief on the next phase of NPS: more competition, assured income and wider access
PFRDA chief S. Ramann discusses the future of NPS, a proposed retirement income scheme, greater competition in annuities, NPS Swasthya, gig workers and grievance redressal.
Karnataka CM Shivakumar hints at good news on pending central grants after GST Council meet
Karnataka Chief Minister DK Shivakumar addressed media after the GST Council meeting concerning pending central grants. He mentioned that Union Finance Minister Nirmala Sitharaman provided some encouraging updates on this matter. Shivakumar opposed the proposal for criminal cases against those not paying GST, advocating for a more constructive approach. The meeting also confirmed that significant procedural reforms were approved and the existing GST rates will remain unchanged.
In a dramatic display of discord, two Congress leaders were seen exchanging slaps during a protest in Faridabad, emphasizing internal strife within the party. This incident occurred amid demands for Chief Election Commissioner Gyanesh Kumar's resignation, linked to allegations of electoral misconduct. Meanwhile, Opposition leaders convened in Delhi to plan their next moves as FIRs against several members were filed following previous protests, raising alarms about pertinent voter deletion issues.
The television adaptation of Crazy Rich Asians is in development for Max, with plans to begin production in 2027. Adele Lim, who co-wrote the film, will serve as writer and showrunner for the series. While details about the cast are not confirmed, Jon M. Chu and Kevin Kwan will return as executive producers. Read on to know more about it in details.
Want to watch Below on Netflix? Heres a guide to Josh Hartnetts new sea-creature thriller
Below is a new thriller series released on Netflix on October 8, 2026, featuring Josh Hartnett. The plot follows Calvin Penney, a fisherman with an unknown sea creature. Calvin teams up with marine researcher Fonda Howander. The series explores community bonds, struggles, and hidden secrets amid the chaos.
Ankur Warikoo recently shared an email from a woman with a Rs 25 lakh investment corpus who wanted to reach Rs 1 crore within three to four years. While acknowledging her progress, he called the goal an example of chasing quick wealth. Warikoo explained that compounding requires time and warned that impatience can push investors towards risky shortcuts and scams promising instant returns.
Why Airfares Are Rising: The War, Costlier Fuel and Fewer Flights | The Morning Brief Decode
Why Airfares Are Rising: The War, Costlier Fuel and Fewer Flights | The Morning Brief Decode
Putin offers help to Iran to end Middle East war
Indian rice export prices hold near one-year high as rupee weakens
Asian rice markets showed mixed trends this week, with currency movements, weather risks, freight costs and subdued buying shaping export prices.
8th Pay Commission salary: How 3.833x vs 4x fitment factors could mean 3,006 monthly basic-pay gap
8th Pay Commission has yet to finalize fitment factor. Unions have sought 3.833x and 4x. For Level 1 employees with 18,000 basic pay, these imply revised basic salaries of 68,994 and 72,000, increases of 50,994 and 54,000, respectively, with a difference of 3,006 between the two estimates.
Paying rent for yourself and parents? Know if you can claim HRA for more than one property
HRA tax exemption is available only under the old tax regime and applies to rent paid for the residential home an employee actually occupies. Here's whether you can claim HRA for two properties.
IRDAI may roll out insurance commission caps from January, overhaul distribution rules
India's insurance regulator intends to implement reforms for insurance distribution starting in January 2024. The proposed changes include capping commissions paid by insurers to brokers, aiming to lower consumer fees. Insurers have until October 25 to provide feedback on the proposals before regulations are finalized. These reforms seek to widen insurance penetration especially in rural areas and new markets.
Nadella honoured while Microsoft under scrutiny
Andhra Pradesh tops India in egg production with 2,739 crore eggs in FY25
The State government plans to strengthen poultry farming, expand markets for poultry products and encourage greater egg consumption to support farmers.
Andhra Pradesh tops India in egg production with 2,739 crore eggs in FY25
The State government plans to strengthen poultry farming, expand markets for poultry products and encourage greater egg consumption to support farmers.
This weeks OTT releases bring a mix of crime, suspense and family drama. Pradhama Drishtiya Kuttakkar and Eyes explore police investigations and the minds of people involved in crime. Reporting Live follows a journalist who risks her life while investigating an illegal sand mining racket. Meanwhile, Animals revolves around on a couple whose lives change after their son is kidnapped and family secrets begin to emerge. Read on to know when and where to watch these releases on OTT.
Food firms scramble for experienced safety professionals as demand soars
India's food industry is currently experiencing a significant shortage of experienced food-safety professionals. Employers have reported a 94.4% increase in job postings for these roles this quarter. Many applicants lack the required operational experience, which has created a major gap in the market. The demand for food-safety professionals is expected to rise further during the festive season. This situation is causing longer hiring timelines and higher salaries in the industry.
Succession battle breaks out at TVS as camps disagree over business division, family MoU
Deep disagreements over inheritance have emerged between Venu and Mallika Srinivasan's children, leading to potential legal action. While Venu and son Sudarshan believe a family asset division occurred, Mallika and daughter Lakshmi disagree. The conflict centers around a memorandum of understanding related to asset management versus ownership. Significant differences in the market value of their respective companies have intensified the dispute.
Trump's words on Iran's LA 'take out' misinterpreted
GST Council eases tax rules for IT exports
Govt fast-tracks safer AI blueprint
NeoGrowth raises Rs 85 crore from FMO, LeapFrog
Winners of The ET Startup Awards to be feted today
SEBI has introduced a new mutual fund-like Credit Risk-o-Meter to help investors understand the credit risk of corporate bonds and other debt instruments. The meter classifies them into six credit-risk levels, ranging from the lowest to very high risk of default. Heres what investors should know.
Adequate response: on the RBI and inflation
The RBI policy review will need Central assistance to effectively fight inflation
PwCs Pratik Jain said the GST Councils latest measures mark the third phase of the tax reform, shifting focus to bolder policy changes and ease of doing business. He said wider refunds for input services and capital goods, along with ITC on employee insurance, could ease working-capital stress and lower costs.
Deloitte Indias MS Mani said the latest GST reforms reflect growing trust between government and industry, with technology enabling simpler compliance and more targeted enforcement. He said easier registration, annual returns with quarterly payments, return corrections and removal of arrest provisions could reduce compliance fears and bring more businesses onto the GST platform.
EY partner Bipin Sapra said the GST Councils latest reforms address input tax credit blockages, expand refunds, support exporters and streamline tax administration. He said rationalising Section 17(5) could reduce tax cascading and costs for businesses, while decriminalisation and removal of arrest powers should create a more conducive business environment.
Milind Soman is a perfect example of being in great shape at the age of 60. His strong, well-built body at this age will set a great example for anyone looking to achieve fitness goals. The actor recently did something amazing - he finished two full Ironman triathlons in just six days. Each tough event includes swimming 3.8 kilometers, cycling 180 kilometers, and running a full marathon that is 42.2 kilometers long.
ET Graphics: The GST playbook milestones over 9 years
From its rollout in 2017 to GST 2.0, Indias goods and services tax has evolved into a more digitised and predictable tax regime. Over nine years, the system has seen changes in tax rates, slabs, compliance and technology, reshaping how businesses manage indirect taxes and interact with the tax administration.
Apple is set to unveil several smart home products at its upcoming event on October 13, including a smart home hub. This new hub is expected to have a 6-inch display and will combine various functionalities. Updates to the HomePod mini and Apple TV 4K are also anticipated, featuring improved technology and capabilities. The event will take place in New York and may include a hands-on experience for media members.
GST reforms: 16 lakh small businesses may get annual return option, easier e-commerce selling
More than 16 lakh small businesses with turnover up to Rs 5 crore could benefit from a simplified GST compliance regime, under which they would pay tax quarterly but file one return annually. The overhaul also rationalises penalties, waives late fees and simplifies registration for eligible small e-commerce sellers.
The GST Council has clarified that highway concessionaires collecting exempt tolls will face no GST liability on the toll collection right, regardless of whether concession payments are made upfront or over time. It also said GST on road maintenance services will arise when funds are actually drawn against expenditure, not merely parked in escrow.
Thermax scouts for a partner to charge up its green energy unit
Thermax has set its sights on attracting external investors to its renewable energy subsidiary, First Energy. By contemplating a major stake sale, the company aims to overcome operational challenges and elevate its performance levels. First Energy, with its 800 MW capacity, is looking to enhance service delivery, reflecting a growing inclination in the renewable energy domain for partnerships that facilitate expansion and development.
GST overhaul: Export status for contract manufacturing to boost supply-chain shifts to India
GST reforms treating contract manufacturing for foreign principals as exports could boost Indias appeal as companies relocate parts of their supply chains. Expanded refunds covering input services and capital goods, faster 90% refunds and measures to release blocked tax credits are also expected to unlock working capital and support investment.
FSSAI pulls up Dr Reddy's, Nestle Health Science over Celevida claims
The Food Safety and Standards Authority of India (FSSAI) said the product was advertised as providing high-protein support for preserving lean muscle during GLP-1/GIP therapies, commonly used in weight-loss treatment.
MD of real estate firm named in FIR after former HR executive accuses him of rape
A quick guide to GST Council's key decisions on tax and compliance
From easier input tax credit claims to automated registration and a 40-crore cap on penalty-only appeals, the proposed changes seek to reduce compliance friction.
GST reforms 2026: Employers get ITC on employee health, life insurance premiums
The GST Council has recommended allowing employers to claim input tax credit on GST paid for health and life insurance policies taken for employees. The move could reduce the effective cost of employer-sponsored coverage, particularly benefiting small businesses, while making group health insurance more affordable and improving employee benefits.
Surging bond yields likely to slash banks' treasury income
Banks are expected to report a nearly 60% decline in treasury income for the July-September quarter. Analysts predict treasury gains to decrease from 13,100 crore last year to 5,500 crore this year. Rising government bond yields have negatively impacted investment portfolios, leading to lower gains. Public sector banks will feel a more pronounced effect due to their larger government securities portfolios.
Elon Musk is pushing for Starlink's approval in India while alleging that oligarchs are blocking its entry. He emphasizes that Starlink has complied with all regulations for five years without receiving a license. The government has stated that all involved parties are at the same regulatory stage awaiting security approvals. The ministry insists that compliance with security conditions is mandatory before moving forward.
I-T dept moves appellate tribunal against Rs 32.66-cr tax relief to Dr Lal PathLabs
Dr Lal PathLabs, in a regulatory filing, said that it received an intimation on Wednesday regarding an appeal filed by the I-T Department before the Income Tax Appellate Tribunal (ITAT), New Delhi.
GST reforms 2026 will move around 2 lakh businesses operating across multiple CGST jurisdictions towards a centralised, faceless tax administration, Finance Minister Nirmala Sitharaman said. The framework will cover scrutiny, audits, adjudication, appeals and taxpayer services, with public consultation planned before Budget 2027 and implementation targeted for FY28.
Jio IPO a great responsibility: Akash Ambani
SC backs disposal of Goa iron ore dumps without fresh auction
The Supreme Court has made a significant ruling in favor of the Goa government's approach to managing iron ore dumps. This decision allows former mining leaseholders to clear their inventory mine dumps without conducting a public auction. The court stressed the critical need for environmental protection in this context, cautioning against dire outcomes.
The Reserve Bank of India is engaged in dollar sell-buy swaps to stabilize the rupee's value. However, this has resulted in higher forward premiums, making it expensive for foreign investors to hedge. As a consequence, some foreign investments in rupee-denominated assets may decline. Additionally, companies are opting to borrow in rupees and exchange for dollars due to favorable local rates.
Dr Reddys Laboratories receives two observations for Andhra Pradesh facility
The US health regulator completed a Pre-Approval Inspection (PAI) at the company's FTO-11 manufacturing unit from October 5-7, Dr Reddy's Laboratories said in a regulatory filing on Thursday.
Festive rush: Airlines hike fuel surcharge as ATF prices soar
Airlines like Air India and Akasa Air have announced increased fuel surcharges for both domestic and international flights. The rise in aviation turbine fuel prices has significantly impacted operational costs for carriers. Domestic surcharges will be effective on new bookings from October 9, as the festive season approaches. International surcharges vary depending on destination, reflecting additional costs incurred by airlines.
Airlines suspend, cut Riyadh flights amid security concerns
Airlines such as Air India Express and IndiGo are cancelling flights to and from Riyadh due to security issues. Several airlines have cited evolving conditions affecting civilian air travel in the region. Passengers affected by these cancellations are being offered options for refunds or rescheduling. India's Ministry of External Affairs condemned attacks on airports, affirming the unacceptable targeting of civilian infrastructure.
Long before Amitabh Bachchan became a superstar, he formed a lasting friendship with fellow actor, Libra, and Bollywood heartthrob Vinod Khanna. After Khanna passed away in 2017, the superstar took to his blog to recall his bond with the Amar Akbar Anthony actor and spoke at length about his generosity.
Black Sea attacks hit yellow peas, sunflower oil supplies to India
Russia's exports of yellow peas and sunflower oil to India have been disrupted by ongoing conflicts. As a result, prices for yellow peas have risen from 40 to 46 per kg in the last two months. Importers report that shipments from Russia have not occurred recently, affecting the availability of yellow peas. Meanwhile, sunflower oil shipments are also hindered, causing expectations of higher prices in the near future.
Home-cooked meals get 10% dearer in Sep on higher onion, oil, LPG prices
The cost of a home-cooked vegetarian thali rose 10 per cent year-on-year in September, driven by higher prices of onion, vegetable oil, rice and LPG, according to a report released on Thursday. Non-vegetarian thali increased 6 per cent as broiler prices increased slower, according to Crisil's monthly Roti Rice Rate report. The cost of preparing a vegetarian thali increased to Rs 30.8 in September from Rs 28.1 a year ago, while non-vegetarian thali cost rose to Rs 59.5 from Rs 56, the report said. On a month-on-month basis, the cost of vegetarian and non-vegetarian thalis increased 4 per cent and 3 per cent, respectively, in September. Onion prices surged 89 per cent year-on-year to Rs 53 per kg in September from Rs 28 a year ago amid tight rabi stocks following a 5-6 per cent decline in production, Crisil said. Availability is expected to remain constrained in the near term as June rainfall was 40 per cent below the long-period average, delaying kharif transplanting and pushing ba
HC bars Rohtak courts from hearing bail pleas in multi-crore real estate fraud case
Form panel to curb pharma freebies: SC
Experiments on animals set to become easier
The Centre plans to significantly change the regulations governing animal experimentation. The proposed rules aim to allow institutional ethics panels to approve most experiments. Currently, only small animal experiments can be approved at the institutional level while larger ones require central oversight.
Several diversified equity funds have delivered negative returns so far in 2026, but the picture changes sharply over longer periods. Heres a look at funds in the red on a YTD, three-year and five-year basis, and what investors should consider.
India, Singapore eye 2,000 MW power corridor
India and Singapore are considering plans for a 2,000 MW cross-border power interconnection that could enhance energy security. The proposed land-based transmission corridor would connect Imphal in India to Singapore via Myanmar, Thailand, and Malaysia.
Venezuela's economy to grow in 6.5% in third quarter, says acting president
Venezuela's economy is projected to expand 6.5% in the third quarter this year, acting President Delcy Rodriguez said on Thursday at an event with business leaders. She added that the country expects to receive $12 billion in public and private financing ove
Exports to hit $1 trillion this fiscal: Piyush Goyal
Goyal said that the nine free trade agreements finalised by India in recent years provide huge business opportunities for exporters. He urged industry chamber CII to set up FTA utilisation cells in states.
Sugar stock checks to intensify after GST discrepancies
Beginning October 9, the government will implement a rigorous verification process of sugar stocks due to discrepancies discovered in both sales and GST data from sugar mills. With festival season approaching, the demand for sugar is increasing, putting pressure on mills to meet their sales quotas. Any mills failing to comply with these requirements may face legal actions for record discrepancies.
The complainant bought a Kia Sonet HTX Diesel in March 2022 for around 13.69 lakh, including on-road costs. He later purchased an extended warranty that remained valid until March 2027.
India, 14 others ink joint ministerial statement to curb structural excess capacity
India has joined the US, EU, UK and 12 other economies in a joint statement to tackle structural excess capacity and production, despite facing a US trade probe over alleged overcapacity. The signatories will examine key sectors including EVs, batteries, chemicals, semiconductors and solar panels through dedicated sectoral platforms.
Personal loans are growing much faster than home loans, but home finance remains the much larger credit category. Consumer durable and two-wheeler loans are also expanding. Heres what the latest credit trends reveal about how Indians are borrowing and what consumers should watch.
Prime Minister Narendra Modis call for a global framework to tackle cyber fraud and deepfakes, alongside his push for India-made products and innovation, has drawn support from telecom industry leaders. At India Mobile Congress 2026, executives said the sectors next phase must focus on secure connectivity, AI, trust and global technology leadership.
In Kilrush, County Clare, retired wind turbine blades are transformed into public infrastructure such as a pedestrian bridge. This project, led by Clare Local Development Company and BladeBridge, emphasizes the concept of a circular economy. Sections of the blades are also used to create benches and picnic tables for public spaces. Approximately 11,000 tonnes of wind turbine blades are expected to be decommissioned in Ireland by 2026.
India sugar production view slashed as El Nino hits, USDA says
The USDA has slashed its expectations for Indian sugar production in the 2026/27 season to 29.5 million metric tons due to a forecasted rainfall shortfall. This predicted deficit is set to impact sugarcane's sucrose level and decrease the area available for effective harvesting. Moreover, looming drought conditions are likely to disrupt milling operations by early 2027.
TDS and TCS compliance has moved to an online filing setup from Tax Year 2026-27 onwards, changing how deductors submit quarterly statements. The process brings fresh forms, a separate compliance environment, and updated filing steps. Heres what deductors need to know.
Higher interest rates could push up EMIs on floating-rate home loans for NRIs.
$22-bn visa fraud claim blow to Infy, TCS, Wipro
The RBIs 25-bps repo rate hike has reshaped the outlook for debt-fund investors as bond yields rise and markets assess further rate moves. Heres what investors should consider based on their 3-month, 12-month and 18-month investment horizons.
US spacecraft accidently found ice on moon in 1994
Infosys, Wipro among 8 hit by US green card curbs
'Faster decisions, lower compliance costs': PM Modi welcomes new round of GST reforms
Prime Minister Narendra Modi on Thursday welcomed the new round of GST reforms approved by the Goods and Services Tax (GST) Council, saying the measures will enable faster decisions, lower compliance costs, automated refunds and a trust-based administration.
GST Council: No more arrest powers, no rate rejig
GST reforms shift focus towards faster refunds, simpler compliance and proportionate enforcement
Telangana advises farmers to opt for crops requiring less water in rabi
Water shortage likely due to the continued impact of El Nino, says State Agriculture Minister Tummala Nageswara Rao
PM Modi welcomes fresh GST reforms to ease compliance, speed up refunds
Prime Minister Narendra Modi on Thursday welcomed the new round of GST reforms approved by the GST Council and said its focus was to take faster decisions, lower compliance costs and automated refunds. The prime minister also said that the GST Council's recommendations on removal of arrest provisions, greater decriminalisation and simpler procedures will have a very positive impact. The GST Council on Thursday approved removing the arrest power of tax officials and raising the threshold for prosecution fivefold to Rs 5 crore, while introducing faster and largely automated refunds for taxpayers. I welcome the new round of GST reforms approved by the GST Council, Modi said in a post on X. The focus is clear: Faster decisions. Lower compliance costs. Automated refunds. Trust-based administration, he said. Modi said these are in line with the government's constant efforts to make GST more efficient, transparent and citizen-friendly. Announcing the decisions taken at the 57th meet
Salman Khan gives youths stiff competition when it comes to being fit, muscled, and robust without weight gain. However, the Hum Aapke Hain Kaun star revealed that, unlike many of his peers, he is a foodie. He balances his love for food with regular exercise, and his diet also includes a lot of lean protein.
Govt prepares to cap anti-cancer drugs' trade margins at 30% of MRP
The government is aiming to cap trade margins on anti-cancer medications at 30%. An expert committee has been tasked with compiling a report by October 14 on eligible drugs. The move targets the excessive mark-ups currently averaging 170% for various non-scheduled anti-cancer medicines, potentially saving around Rs 2,500 crore and enhancing affordability for patients.
UPI MDR charges from October 15: Will government delay new payment rules until January 2027?
Government's proposed 0.4 per cent MDR on UPI merchant transactions above Rs 2,000, scheduled to begin from October 15, 2026, may be delayed until January 2027. The possible postponement is being considered to avoid disruption during the festive season and give banks.
The Food Safety and Standards Authority of India has sent notices to multiple firms, such as Dr Reddy's and Nestle Health Science, regarding dubious product claims. The FSSAI pointed out potentially misleading information related to muscle strength, immunity boosting, and energy metabolism. This can mislead consumers about true health benefits. The implicated companies are mandated to justify their claims and may encounter future sanctions.
Jio to always stand for affordability: Akash Ambani on tariff hike by competitors
Jio Platforms MD Akash Ambani said the company will continue to focus on affordability while delivering quality services, even as rivals raise tariffs. His comments came after Bharti Airtel increased postpaid prices by Rs 50. Ambani also outlined Jios technology ambitions, including its satellite stack and planned low-Earth orbit constellation.
PM Modi Outlines Vision For India's Communications Sector
Prime Minister Narendra Modi, at the India Mobile Congress (IMC) 2026, articulated a vision for India's communications sector, emphasizing a global framework to combat cyber frauds and deepfakes. He called for India to become a hub for innovation and product development for the world. Industry leaders lauded his vision, highlighting India's robust digital infrastructure and its journey towards becoming a global technology leader, with a focus on trust, security, and responsible innovation.
GST Council allows small online sellers to use warehouses in other states
Small online sellers can now use e-commerce platform warehouses to register in other states, while the GST Council has clarified tax treatment for platforms and retained existing rates
Transporters welcome GST Council move to curb repeated checks on highways
Transport industry bodies say the GST Council's decision to limit highway inspections to intelligence-based checks will reduce unnecessary stoppages, delays and penalties
Manipur CM seeks highway, elevated road projects in meeting with Nitin Gadkari
Manipur Chief Minister Yumnam Khemchand Singh urged Union minister Nitin Gadkari to expedite key road projects, including construction of the Shangshak-Tengnoupal Highway and sanction of an elevated highway in Imphal. He also sought completion of ongoing works on National Highways 37 and 2 this working season to improve connectivity.
