25 C 
'Great discredit to them': Trump renews push for Nobel Peace Prize, says he saved millions of lives
Iranian official says 'illegal routes' in Strait of Hormuz to soon be blocked
Iran's Revolutionary Guards have announced intentions to close illegal transit routes in the Strait of Hormuz. These routes allegedly facilitate oil smuggling operations and affect regional oil exports. Iranian officials maintain that the Islamic Republic has full control over this vital waterway. The situation will persist until Iran's demands are met, according to military advisers.
US puts military in ready mode for possible new strikes on Iran: Report
Trump has instructed the Pentagon to prepare for possible military strikes against Iran, but no final decision has been made. The US military is focusing on possible targets in Iranian infrastructure and nuclear capabilities. Discussions about the situation are ongoing with Israeli officials, emphasizing the potential for renewed combat operations. Timeframe for operations may be influenced by upcoming elections in both the US and Israel.
Delhi building collapse in Seemapuri: 1 more body found under debris, taking death toll to 4
A four-storey building collapsed in Delhi's New Seemapuri area, leading to the deaths of four individuals. Eight injured people were rescued from the wreckage and transported to the hospital for treatment. Rescue operations are still taking place, with teams from various agencies actively searching for more potential victims. Witnesses reported that nearby demolition work may have contributed to the building's collapse.
Saudi airports attacks by Houthi rebels kill 3
Indias diesel exports hit 1-year high in September as record margins drive Europe shipments
Indias diesel exports rose to a one-year high of about 620,000 barrels per day in September as record refining margins encouraged refiners to maximise production and overseas shipments. Europe absorbed nearly half the volumes at 280,000 bpd, up 80% from August, as refinery disruptions tightened regional diesel supplies.
Property taxation needs structural reform
The property tax performance of Indias municipal bodies has been poor Indias cumulative property tax was 0.15-0.2% of its GDP
What will happen to economy if India-US FTA doesn't happen? RBI Governor reveals
The impact depends on to what extent tariffs are going to be applied. So, it's premature to answer. But obviously it will have some negative impact, Malhotra said during the post-monetary policy press conference in response to a query on the impact on the economy if the trade deal with the US fails to materialise. However, India has concluded or implemented a series of trade agreements in recent months, which could help diversify its export markets.
IATA backs carriers against unilateral capacity reduction at Mumbai airport
The global airlines body's comments follow the civil aviation ministry asking Adani Airports to defer a planned transfer of more than a third of Mumbai airport's international departures to the new Navi Mumbai airport during the redevelopment of Terminal 1 and submit a fresh roadmap after reengaging with airlines and other stakeholders.
Pernod Ricard India begins operational steps ahead of potential IPO
Pernod Ricard India is actively working on transforming its legal structure from a private entity to a public one. This maneuver positions the company for a potential initial public offering in the coming months. The CEO has highlighted India's importance as a growth hub for Pernod Ricard, while supply chain enhancements are being made to avoid any disruptions during this significant transition phase.
RBI MPC meet: 'Pressure on current account is a temporary problem'
The FCNR(B) deposit flows of $135 billion was made possible by the strong macroeconomic fundamentals of India, says Malhotra
Sharjah eyes $3 billion Indian investment as ports shift amid Hormuz disruption
Sharjah is anticipating significant investment from India, targeting $3 billion between 2026 and 2027. The expansion of Khorfakkan port is crucial for attracting Indian manufacturers and logistics companies. With the current disruptions in shipping routes, Sharjah presents a strategic location for trade. The Khorfakkan port is also set to increase its container handling capacity significantly. Indian companies are showing heightened interest in Sharjah as a business gateway to the region.
Electricity subsidy for existing businesses is taxable, Supreme Court rules
The Supreme Court recently ruled that electricity subsidies granted under the Income Tax Act are subject to taxation as revenue receipts. This ruling aligns with past decisions related to Mepco Industries and its claims from 1997-98. The court clarified that, although these subsidies aim to support operational costs, they are not intended to generate capital assets.
RBI rate hike: Your home loan EMI just went up
Mizoram's three autonomous councils are facing a salary shortfall of 159.59-crore salary shortfall and appealed seeking intervention from the state government. They said successive pay revisions, DA, annual increments and promotions had increased the financial strain.
Government to review fixed costs for urea plants, subsidy payouts may change
In response to rising production costs, the government is launching a sub-committee to assess fixed-cost payments for urea producers. This initiative may lead to changes in the payment framework, directly impacting government subsidy allocations. The current fixed-cost formula has been stagnant since the financial year 2002-03, prompting industry advocates to request that heightened costs be factored into forthcoming reviews.
Annual pass takes a toll, transactions dip 5.2% in H1
Government data shows toll volume fell 5.2% to 2.13 billion in April-September from 2.25 billion in the year-ago period. Toll revenue rose 6.27% to Rs 42,971.82 crore from Rs 40,433.53 crore in the same period of 2025-26, a much slower pace of growth than in previous years.
Volkswagen joins forces with JSW for India expansion
Mia Goth has filed for divorce from Shia LaBeouf, marking the end of their complicated relationship. They first met in 2012 while working together on a film and later married in 2016. After separating in 2018, they reconciled and welcomed their daughter in 2022. Goth is seeking primary custody of their child as they navigate their separation.
Lakhpati Didi scheme boosts household income: IIM Study
The Lakhpati Didi initiative, launched in 2023, aims to enhance women's income and savings in India. Recent studies indicate that household income has increased by 61% since the program's inception. Notably, the number of women-led enterprises has surged by 48% within a year.
Growth hinges on local reforms, not protectionism: Indermit Gill
The country has strong domestic consumption, relatively low private-sector debt and favourable demographics, along with rapidly expanding digital and physical infrastructure. But the growth opportunity is conditional: The transition should be driven by domestic reforms rather than protectionism, Gill, a former chief economist and senior vice president for development economics at the World Bank Group, said in an interview with ET in New Delhi.
India's rural economy decoupling from monsoon shocks, says RBI report
Rural incomes are becoming less dependent on monsoons as allied activities, irrigation and diversification cushion the impact of rainfall shortfalls.
Railways plans recast of freight wagon operations
Besides addressing commercial concerns, the national transporter also expects to improve the reliability of its network through predictive maintenance. The aim is to find emerging defects before components fail, an official said, noting that sensor readings and inspection data help maintenance teams identify unusual heat, impact, loading or wear patterns.
Nurturing a tiger economy, literally
The reintroduction of a tigress in Buxa Tiger Reserve marks a significant step in conservation efforts. This initiative aims to create a sustainable ecosystem that supports the local economy and tiger population. Enhancing tourism through tea cultivation and integrating timber industries will promote economic growth. The success of this project relies on strict adherence to conservation practices within the reserve.
NBFC services to banks will attract 18% GST
The interest on the underlying loan will remain exempt from GST. The 18% levy will apply to the taxable service supplied by the NBFC to the bank in the co-lending arrangement. The committee also decided to align the valuation of the NBFC's service with the methodology prescribed by the Reserve Bank of India.
Govt asks banks to develop a sector-wide quantum transition along with an AI resilience framework
According to the industry, major concerns in this segment include 'harvest now, decrypt later' threats, where cyber adversaries stockpile encrypted banking data for future quantum decryption. The finance ministry has also asked banks to assess post-quantum vulnerabilities and initiate mitigation measures, said an official, who did not wish to be identified. Each bank can prepare its internal strategy, but there has to be some common industry parameters, he added.
Datanomics: Tax collections dip in August as direct tax receipts fall
Central tax collections rose 6.5% in April-August, trailing the 9% FY27 Budget target, as major tax receipts declined sharply in August.
India, UK seek deeper investment ties
The agreement was part of the joint statement adopted after the fourth UK-India Financial Markets Dialogue, held in London on September 29 , the finance ministry said.
Power ministry issues compensation guidelines for transmission line right of way
New guidelines issued by the power ministry will help establish compensation for landowners affected by interstate transmission lines. States that have not set their own rates must now follow these central guidelines. The guidelines emphasize the importance of timely completion of transmission line construction and effective resolution of right of way issues. Compensation will be based on market values rather than outdated circle rates as previously practiced.
IndiGo flight struck by lightning, lands safely at Lucknow airport
Flight 6E925, operating from Patna to Lucknow, took the lightning strike while approaching Chaudhary Charan Singh International Airport. Despite the incident, the Airbus A320-251N completed the landing safely.
'Political dynamics in South Korea': Vance explains uncertainty over Trumps $54B Alaska LNG project
Sunny Deol will reprise his role as Arjun Mehra in the upcoming sequel 'Ikka 2'. Akshaye Khanna will not return, indicating a significant change in the franchise. The sequel will focus on a new storyline rather than continuing the first film's plot. Production is expected to start next year after finalizing the screenplay and theme. Both actors have busy schedules with several upcoming projects on the horizon.
KTR hits out at Rahul Gandhi over arrest of BRS leader; calls him 'coward,' 'undemocratic'
K T Rama Rao took a stand against Rahul Gandhi, condemning his undemocratic behavior during a protest in Delhi. He pointed out Gandhi's involvement in the political chaos in Telangana through ties with Revanth Reddy. The situation worsened with the arrest of BRS leader Krishank Manne, who is linked to allegations concerning Reddy.
EPFO shares security advisory: Here's how to safeguard your account, in simple steps
The EPFO issued a security advisory urging members to protect personal and financial information. It warned against sharing sensitive data and warned of phishing attempts, emphasizing the use of official portals only while remaining vigilant about suspicious links.
Elon Musk accuses oligarchs of blocking Starlink India entry; calls it 'crime against people
Elon Musk has accused unnamed oligarchs of blocking Starlinks India entry to protect their monopolistic business interests, calling it a crime against the people of India. His comments came after SpaceX executive Lauren Dreyer said Starlink is ready to launch once it secures the remaining government approvals, including security clearance.
India's GST Revolution: GST has transformed India's indirect taxation system, eliminating many previous levies to streamline compliance and taxation. Following its introduction in 2017, businesses adjusted to new frameworks and updated regulations. Key changes included the phased introduction of e-invoicing and the removal of border checkposts enhancing logistics.
Vijay Deverakonda and Rashmika Mandanna emphasise the importance of keeping relationships private despite public attention. They believe that privacy helps protect what belongs to the couple and does not signify secrecy. Regular communication and small efforts are essential in maintaining a healthy relationship over time. Vijay appreciates how Rashmika expresses her feelings daily, encouraging him to do the same.
103-year-old veterans bar you cant copy today
RBI hikes repo rate by 25bps: What it means and how it impacts you | All FAQs answered
The RBI's 25-basis-point repo rate hike on 7 October is aimed at curbing inflation. This increase could raise borrowing costs for loans, affecting monthly repayments, while potential adjustments to deposit rates may also occur.
Karnataka Calls For BFSI, FinTech Collaboration Ahead Of Tech Summit
The Government of Karnataka has called for enhanced collaboration with the BFSI and FinTech sectors to bolster its technology ecosystem and accelerate the adoption of innovative solutions. This initiative, discussed at an Industry Meet, aims to foster partnerships between government, industry, and academia, particularly through programmes like 'Government First', in preparation for the Bengaluru Tech Summit 2026.
IATA urges transparency in Mumbai airport flight cut plan
IATA issued the statement after the Civil Aviation Ministry put on hold Mumbai airports proposal to reduce one-third of all international flights from October 26
New RBI data reveals a recast of India's overnight money market numbers
During the first half of the fiscal year 2026-27, private sector banks saw their share in the tri-party repo market come down, while public sector banks boosted their position in the collateralised overnight money market. Notably, mutual funds maintained a strong presence in the tri-party repo market.
Elon Musk says Starlink's entry in India 'blocked' by oligarchs, alleges 'monopolistic chokehold'
Elon Musk on Wednesday alleged that Starlinks entry into India is being blocked by certain oligarchs seeking to protect their monopolistic chokehold over Indian consumers. Without naming the individuals or companies, Musk accused them of preventing the satellite internet service from entering the Indian market and called it a crime against the people of India.
EMIs to increase as RBI kicks off rate-rise cycle, shifts policy stance
The MPC raises the repo rate by 25 basis points to 5.5 per cent and shifts to calibrated tightening, with economists expecting further increases as inflation risks persist
Actress Yami Gautams 100-year-old home in Mandi, reportedly priced at a whopping Rs 8 crore, reflects a traditional Himachali architectural heritage. Built primarily with wood and stone instead of concrete, the residence is believed to showcase the centuries-old Kath Kuni construction technique. This ancient, indigenous method combines stone and wood to create structures that can survive the harshest of weather and earthquakes.
Myntra will launch its Big Fashion Festival on October 8. This year, the festival will showcase over 21,000 brands and more than 8 million styles. Ethnic wear, beauty products, and luxury items will be highlighted during the event. New celebrity collaborations and emerging brands are also part of the offerings.
Bank margins set for near-term boost as EBLR loans reprice after MPC rise
Banks with more external benchmark-linked loans could benefit as lending rates reset faster than deposits, while festive and corporate demand may sustain credit growth
The Reserve Bank of India raised the repo rate by 25 basis points to 5.50%, marking its first increase since February 2023. Here's a look at whether this could impact fixed deposit rates and what any transmission would mean for your funds
GST Council to take up far reaching compliance reforms at Thursday meeting
The GST Council is expected to consider simpler compliance, faster refunds and changes to prosecution and arrest rules, with no major rate changes likely at the meeting
FTA utilisation cell set up to boost trade pact gains: Commerce Secretary
The argument that the latest FTAs would deliver better results as they are with complementary economies needs to be demonstrated through actual trade outcomes:
Retail prices of diesel & petrol will have to be raised at some point: Moodys Ratings
Moodys Ratings expects that the 2026 baseline crude oil price will be in the range of $90-110 per barrel,
YouTube to distribute ISL for free as Sony bags TV, digital rights for 2026-27 season
The Indian Super League has announced a partnership with YouTube for its 2026-27 season broadcasting. All 163 matches will be streamed live and free on YouTube, enhancing accessibility for fans. Sony Sports Network will broadcast the league on television, ensuring a comprehensive viewing experience.
India-EU FTA to drive German investment into India: Indo-German Chamber chief
India and the EU are set to strengthen trade relations and increase investments from German companies. The Indo-German Engineering Summit highlighted opportunities in advanced manufacturing and sustainability. Jan Noether emphasized the need for German companies to invest in local supply chains in India. Collaborations in technology sectors could enhance India's manufacturing capabilities and create engineering jobs. Greater engagement between Indian and German firms may foster long-term business partnerships.
NCLT approved 107 resolution plans worth Rs 11,000 crore in Q2
The National Company Law Tribunal has set a new benchmark by approving 107 Resolution Plans in the second quarter of FY 202627, a remarkable rise from 60 approved plans in the corresponding quarter of the previous year. Over the first half of the financial year, a total of 185 plans were sanctioned. To date, the Tribunal has approved 1,735 Resolution Plans since its beginning until the end of September 2026.
RBI to firm up views on Irdai's proposed insurance commission overhaul
Governor Sanjay Malhotra says the RBI will submit comments on Irdai's draft commission framework, which proposes product-level caps and lower management expense limits
RBI allows Account Aggregator interoperability, expanding customer choice
Move enables seamless consent-based data sharing, faster credit assessment and consolidated financial views
Personal service transactions need no reporting under new FEMA rules: RBI
To soon issue a frequently asked questions (FAQ) document to clarify the reporting requirements
Your financial life, one statement: RBI adds bank deposits to CAS soon
Demat account holders will get a consolidated view of investments and bank deposits from January 1, while RBI also plans interoperability among account aggregators
Property or mutual funds? Where should NRIs invest their India-linked wealth? Explained
For NRIs, investing in both property and mutual funds can diversify portfolios. Check where they should invest their India-linked wealth.
A global job spinner for Indians is now turning into a death trap
India has emerged as the worlds second-largest supplier of seafarers, but its growing presence aboard global merchant ships has also left more Indians exposed to wars, piracy and unsafe working conditions. Recent attacks in the Black Sea and off Oman have put the spotlight on how India is trying to protect its maritime workforce through tighter regulation, repatriation efforts, real-time tracking and international cooperation.
Kenny Rogers party palace fell from $8.5M to $3.95M
EPFO is testing a UPI withdrawal facility. This will allow subscribers to withdraw their balance more conveniently. Here are 3 things you should know.
Russian crude deliveries to India crossed $43 billion in 2025 and rose 25% in the first half of 2026
Russia is strengthening its role as a key energy partner for India, supplying about half of its oil imports, with crude purchases exceeding $43 billion in 2025. A senior Russian diplomat said deliveries rose 25% in the first half of 2026, while both countries are exploring investments across oil, gas and nuclear energy.
'India-US trade breakthrough unlikely soon; narrow interim deal possible'
BMI says market access, agriculture and Russian oil remain obstacles to an India-US deal, with a narrow pact likely to offer modest gains and ease policy uncertainty
India, EU launch industry coalition for green shipping corridor
India and the European Union launched an industry coalition for a green shipping corridor to bring companies together to develop cleaner maritime trade routes and accelerate the shift to low-emission fuels. India also plans to raise renewable energy use at major ports above 60% by 2030 and over 90% by 2047.
India's green economy can support 1.3 crore jobs by 2035 but challenges remain: Report
The report says to build a green workforce at scale, India needs to revise the National Policy for Skill Development and Entrepreneurship, 2015, to integrate green jobs as a core focus and establish a National Green Jobs and Skilling Mission as the implementation mechanism.
The RBI on Wednesday clarified that individuals are not required to report imports or export earnings under the new foreign exchange regulations, and said FAQs will be issued shortly to address confusion. Governor Sanjay Malhotra said reporting on the RBI platform is handled by banks and authorised dealers, not traders.
Liquidity surplus expected to get drained out within the current financial year: RBI Guv
The RBI Governor emphasised that raising the cash reserve ratio (CRR) will be one of the least preferred ways of withdrawing liquidity
India has a 1% GDP opportunity. Its hiding in plain sight
India could unlock a 1% GDP opportunity by reducing productivity losses from equipment breakdowns, unplanned downtime and inefficient assets, industry leaders said at MRAM Expo 2026. With 88% of Indian industrial businesses reporting monthly unplanned outages, experts are pushing predictive, data-driven maintenance to improve output and extend asset life.
Tata Power Brings Norway's Floating Solar Tech To India
Tata Power has partnered with Norway's Ocean Sun to introduce innovative membrane-based floating solar technology to India. A 300 kWp pilot project will be undertaken at Tata Power's Mulshi reservoir in Maharashtra to evaluate the technology's performance, reliability, and cost-effectiveness under Indian conditions. This collaboration aims to leverage India's significant floating solar potential and contribute to its renewable energy goals.
Govt bond yields near three-year high after RBI's hawkish policy shift
The benchmark 10-year government bond yield rises to 7.24 per cent as the RBI shifts to withdrawal of accommodation, with foreign outflows and oil prices adding pressure
GST Council may clarify tax treatment of e-commerce logistics system
While the West Bengal Appellate Authority for Advance Ruling (WBAAAR) denied the exemption to Flipkarts logistics model, the Tamil Nadu AAR has ruled in favour of exemption.
Kenso Soai and Henri B. Kagan won the 2026 Nobel Prize in Chemistry for discoveries involving non-linear effects and autocatalysis. Heres what the Soai reaction is, how a tiny molecular imbalance can be amplified, and why the breakthrough matters for chemistry and the mystery of homochirality.
RBI brings new rule for banks to measure risks from derivatives, other such dealings
The Reserve Bank of India has set a Rs 25,000 crore threshold for banks to adopt new credit risk approaches. Banks with considerable derivative exposure or international presence will come under this rule. Lenders below this threshold can choose alternative risk measurement methods.
IMFL segment: Premium products share expected to hit 35-36 pc in 3-4 years, says industry
The India-UK Free Trade Agreement, which became effective from July this year, is supporting premiumisation in the domestic spirits market by making bulk Scotch imports more affordable for Indian manufacturers, ISWAI CEO Sanjit Padhi told.
Tamannaah Bhatia strikes the perfect balance in her fitness journey with a unique blend of strength and cardio exercises. Every morning, she energises herself with invigorating workouts like dance and yoga. Rather than adhering to rigid diets, she opts for moderation in her nutrition. Her trainer highlights the importance of precision in every movement. Ultimately, Tamannaahs approach reveals that consistency is key to fitness success.
Nandini milk prices: The prices of Nandini Milk are expected to rise by Rs 8 per litre, pending Election Commission clearance. This hike will mark the fifth increase since November 2022 and aims to support milk producers facing challenges. The government plans to implement the new prices by November 1, contingent on approval. Of the increase, Rs 6 will benefit milk producers while Rs 2 will go to milk unions.
Russia plague scare: What is pneumonic plague?
CPSEs achieve 51% of FY27 capital expenditure target in first half
Spending led by Railways and NHAI rises 12% YoY in April-September, though September outlays slide 17%
Tomato prices more than double in a month as El Nino impacts Sept weather
A warmer September, lack of ample rainfall, and below-normal night temperatures affect fruit-setting and leaf curl virus incidences, leading to a drop in arrivals
Individuals spared from new FEMA reporting requirement: RBI clarifies
The clarification is expected to ease concerns among small digital service providers and individuals receiving or making legitimate cross-border payments for personal or small-scale professional purposes.
Adani Energy Solutions acquires Satara Power Transmission from PFC arm
PFC Consulting received a consideration of 19.01 crore for the transfer of the SPV to Adani Energy Solutions
Repo-rate hike wont derail festive auto growth; protecting affordability could cost 1,000 crore
Small EMI increases for individual buyers could become sizeable when financing support is extended across millions of vehicles
FCNR-B deposits: Economic benefits outweigh hedging costs, says Sanjay Malhotra
The RBI had introduced the special USD-INR forex swap facility on June 8, 2026, as part of efforts to strengthen foreign exchange reserves and support balance of payments conditions. The facility allowed banks to offer higher interest rates on FCNR(B) deposits by transferring the currency hedging cost to the central bank.
RBI turns hawkish; ups repo rate by 25 bps to 5.5%
About-face: MPC changes stance from neutral to calibrated tightening; market expects another 50 bps hike in FY27
Govt unveils 2026-30 roadmap to measure value of India's natural wealth
Mospi's 2026-2030 strategy prioritises forests, water, minerals and pollination services, aiming to improve environmental accounts and their relevance to policymaking
The Cabinet increased the EPF wage ceiling to 25,000, expanding coverage for 51 lakh employees. This change, the first in 12 years, raises employer contributions and enhances pension benefits for long-term subscribers, impacting total accumulated corpus.
School holiday news: On October 8, 2026, most schools across India are set to operate normally and hold classes. Local disruptions, particularly due to weather, may lead to specific closures in certain areas. Parents are encouraged to verify school schedules and follow district notifications closely. Schools in states like Delhi, Uttar Pradesh, and West Bengal are expected to remain operational.
Sharma Offers Personal Funds For Indian AI Models
Paytm founder Vijay Shekhar Sharma has pledged personal funds, ranging from Rs 1 crore to Rs 2 crore, to Indian entrepreneurs developing their own artificial intelligence models. This initiative aims to foster indigenous AI capabilities and reduce reliance on foreign models, echoing Sharma's past success in mobile payments.
RBI ups real GDP, CPI inflation forecasts for FY27 amid repo rate hike
It also raised its CPI inflation projection for FY27 to 5.2 per cent from the earlier 5 per cent
