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FM Sitharaman ready to hear out stock market tax debate
Finance Minister Nirmala Sitharaman expressed interest in the discussions surrounding stock investment taxes and their implications. She mentioned that changes to these taxes are highly anticipated ahead of the Union Budget. Additionally, Sitharaman noted that the Reserve Bank of India is working to manage rupee volatility through specific measures. She emphasized the importance of maintaining strong economic fundamentals during these discussions.
Flights to Saudi Arabia suspended until Oct 17
Mumbai: Airlines have suspended flights to Saudi Arabia until October 17 after the kingdom's aviation regulator suspended operations at Riyadh's King Khalid International Airport, disrupting travel across the region and leaving passengers seeking alternative routes.Air India, Air India Express and IndiGo have suspended services to Riyadh, Dammam and Jeddah, with IndiGo also suspending flights to Medina, according to an advisory issued by the Indian Embassy in Riyadh on Tuesday. Akasa Air has also suspended flights to Riyadh and Jeddah until the same date.The disruption has spread to international carriers. Emirates cancelled multiple services to Riyadh, Dammam, Jeddah and Medina on October 12 and 13, while Etihad Airways cancelled Abu Dhabi-Riyadh flights through October 19 and services to Jeddah and Dammam through October 14. Flydubai has reported cancellations affecting Riyadh, Dammam and Abha through October 19. Qatar Airways has suspended flights to Riyadh and Dammam without announcing a resumption date. Gulf Air has cancelled Riyadh services through October 17.European carriers have also extended disruptions. Lufthansa Group has cancelled Riyadh flights through October 16, while Air France-KLM has suspended services to the Saudi capital through the end of October. Philippine Airlines has extended its Riyadh suspension until November 29.The suspensions come after an attack at Riyadh airport on October 10 killed Indian national Mohammed Yousef Ali and injured 11 others. Four of the injured Indians remain in intensive care, four are receiving treatment in hospital wards and three have been discharged, the embassy said.While operations at Riyadh airport have been suspended, flights at other major Saudi airports, including Dammam, Jeddah and Medina, continue, though they face disruptions. Saudi carriers Saudia and Flynas are operating some scheduled services, according to the embassy.The disruption is forcing passengers to check alternative travel options as airlines adjust their schedules. Indian nationals needing to leave Saudi Arabia in an emergency can consider flights from neighbouring Gulf countries, particularly Qatar and Bahrain, subject to obtaining the required visas, the embassy said.It advised Indian nationals to remain in contact with their airlines to verify flight status. It also said Saudi authorities would allow visitors, tourists, Umrah pilgrims and business travellers who overstayed their visas because flights were unavailable to leave without paying fines.The Indian Embassy in Riyadh and the Consulate in Jeddah continue to operate normally. The embassy has opened a 24-hour control room to assist Indian nationals as the situation evolves.
Ircon International has placed four highway assets for sale in a government-led monetisation programme. These assets include toll-road and hybrid annuity model projects located in Madhya Pradesh, Rajasthan, Karnataka, and Gujarat. The enterprise value of the assets is estimated to be around 3,000 crore, as advised by Axis Capital. Currently, Ircon is a Navratna company primarily earning from its railway segment.
States asked to expedite capex loans utilisation
The Department of Expenditure has urged states to expedite their use of interest-free loans for capital investment. With only a quarter of funds allocated utilized, swift action is necessary to meet spending targets. The central government released around 51,000 crore under the Scheme for Special Assistance to States for Capital Investment by October 1. The department is actively working with states to resolve delays and identify projects.
'Whisky shortage, cheaper imports to weigh on Amrut's sales through 2030'
Amrut Distilleries is facing an inventory shortage as whisky demand continues to exceed production capabilities. The company's managing director Rakshit Jagdale indicated sales may remain flat leading to 2030. Rising imports of cheaper Scotch are also impacting sales of domestic whisky brands, particularly newer blends. Amrut plans to introduce a more affordable single malt and expand its portfolio with blended malt whisky.
Bihar joins Maharashtra, UP in curbing sale of non-subsidised fertiliser
Bihar has imposed restrictions on the sale of non-subsidised fertilisers to control access for farmers. These restrictions could limit the availability of advanced crop nutrition products through existing distribution networks. Industry executives warn that this move may lead to significant losses and hinder investment in new technologies. Concerns have been raised about potential impacts on soil health and crop productivity.
NMC Healthcare founder BR Shetty files $15 billion lawsuit against Bank of Baroda
The suit, filed in the Bombay High Court, seeks $5 billion in direct damages for alleged fraud and negligence, $5 billion in consequential damages and $5 billion in compensation for reputational harm arising from various actions taken by the bank, including a lookout circular issued against him.
MSMEs need to focus on quality, cost to gain from new FTAs: Secy
India's expanding network of free trade agreements is creating new opportunities for MSMEs to grow. The MSME ministry emphasizes the need for improved quality and cost competitiveness to access these opportunities. Moreover, government support for first-time exporters through practical assistance is crucial for success. It is essential to enhance certification participation and upgrade testing infrastructure to meet international standards.
'Advertising spends may keep growing in high single digits'
The festive season is a major business driver for automobiles, electronics and gadgets, beauty and personal care, and home decor. India's annual advertising expenditure (adex) is estimated at Rs 1.5 lakh crore to Rs 2 lakh crore, with an ad-to-GDP ratio of 0.5%.
Bitter truth: Surge in sugar prices to push up festival budgets
Sweets and desserts are experiencing higher prices this festive season due to increasing sugar costs and rising demand. Sugar prices have surged significantly year-on-year, contributing to overall food inflation. The festive calendar is expected to drive further demand for sweets and confectionery items. Manufacturers may react by adjusting prices while trying to maintain consumer affordability. Concerns about production due to uneven rainfall could complicate future price trends.
More thermal capacity needed to meet power demand, says CEA chief
India's electricity demand has grown significantly this year, with peak demand reaching record levels in recent months. The Central Electricity Authority now estimates an increase in coal-fired power capacity requirements to 115 GW by FY32-FY34. Renewable energy growth is also expected to continue at more than 50 GW annually. Factors influencing demand include economic growth and climatic conditions like El Nio.
Jyotiraditya M. Scindia discussed significant banking developments at the North East Bankers Conclave 2.0 in Agartala. He outlined future targets including opening new bank branches and increasing ATM installations in unbanked areas. Collaborative efforts between banks and government were emphasized to enhance development in the Northeast region. The Chief Minister of Mizoram, Lalduhoma, highlighted the importance of banks in creating economic opportunities for citizens.
Saudi issues advisory before potential danger
Saudi Civil Defence alerted citizens of a potential danger in the Eastern Province on Tuesday, which was soon reiterated by the Indian Embassy in Saudi Arabia.The Embassy urged citizens to take note of official instructions and follow the same as the Saudi authorities released an advisory for citizens.It requested citizens to remain calm and follow official instructions if they receive warning messages from the National Early Warning Platform for Emergencies.— SaudiDCD (@SaudiDCD) Immediately proceed to the nearest safe place (inside a building or an interior room away from windows) and stay there until the danger has passed, it said, asking citizens not to leave their homes or building until the danger has passed.Other instructions included:Stay away from open areas, windows, and glass, and do not stand on balconies or roofs.If you are outdoors, enter the nearest building or take shelter behind a solid barrier.Avoid crowds or going to dangerous areas, and refrain from taking photos.If you receive the warning message while driving. pull over to the side of the road away from bridges and high-rise buildings.The authorities issued emergency number 911 for regions of Makkah, Madinah, Riyadh, and the Eastern Province and 998 for the rest of the Kingdom.Soon after the advisory, Reuters reported loud booms in Dhahran, in the vicinity of Aramco headquarters.International airlines were warned by the Houthi-controlled Foreign Ministry that flights to Saudi airports were unsafe except those serving the holy sites of Mecca and Medina.The ministry, as quoted by AP, said the kingdom must realize that security, stability, and sovereignty must belong to everyone otherwise, no one will enjoy them.The rebels also warned that oil facilities of the Saudi oil giant Aramco are legitimate targets and asked people, including workers, to avoid the sites.An attack on Riyadhs international airport on Saturday killed at least 13 people and wounded more than 300 others.Airlines cancel flights to Riyadh and Dammam airportSeveral airlines have suspended or curtailed flights to Saudi Arabia following the deadly weekend attacks on Riyadh's King Khalid International Airport by Yemens Iran-aligned Houthis, disrupting air travel across the region. The airport is scheduled to remain closed until October 17, according to a Notice to Airmen issued on Monday.Air France-KLM has extended its previous suspension of services to and from Riyadh until the end of October.Air India and Air India Express have extended the suspension of flights to and from Riyadh, Dammam and Jeddah until October 17. Akasa Air has also suspended flights to and from Jeddah and Riyadh until October 17. IndiGo has also cancelled flights to and from Riyadh, Jeddah, Dammam and Madinah until October 17.Cathay Pacific has postponed the resumption of its Hong Kong-Dubai and Hong Kong-Riyadh routes until January 31, 2027. Delta Air Lines has delayed its planned flights from Atlanta to Riyadh until March 2027.Etihad Airways has cancelled all flights between Abu Dhabi and Riyadh, along with 10 flights to Dammam and Jeddah, until October 19. Gulf Air, Bahrains flag carrier, has cancelled flights to and from Riyadh from October 12 to October 17.Airlines owned by Lufthansa Group have cancelled all flights to Riyadh until October 16.Malaysia Airlines has cancelled flights to and from Jeddah and Madinah until October 17 as a precautionary measure. Philippine Airlines has extended the suspension of flights to and from Riyadh until November 29.Qatar Airways has temporarily suspended flights to and from Riyadh and Dammam.
LIC to launch three insurance plans on 19 October: Benefits, features and eligibility explained
LIC will offer three new insurance plans from 19 October 2026. New Jeevan Dhara-II provides deferred annuity income, Health Shield offers fixed health benefits, and New Cancer Cover provides financial payouts for specified cancer diagnoses.
Partial shifting of international ops from Mumbai airport deferred till March 2027
Adani Airports has decided to delay the transition of international flights to Navi Mumbai airport until March 2027. This decision comes after discussions with airline representatives regarding the partial shifting plan. Previously, airlines were instructed to reduce international flights by 33 percent starting from October 2025. A working group will develop a plan for the redevelopment of Terminal 1 at Mumbai airport.
Does sound sell? Dolbys Javier Foncillas on taking audio from phones and cars to smart glasses
Meta has announced its AI glasses that enable audio capture in Dolby Atmos for sharing on social media, enhancing user experiences. Dolby is expanding its reach from playback technologies to content capture with a focus on creators and social media. Research indicates that audio quality influences smartphone purchases, particularly in India, where mobile media consumption is high.
The house is a spotless white shade with a navy blue roof. A report by Magic Bricks states that the home has a clearly defined layout, balanced dimensions, and an appealing blend of colonial style and contemporary design.
GST must become an economic partnership, not just tax collection tool: CBIC chief Vivek Chaturvedi
Vivek Chaturvedi, Chairman of CBIC, emphasized the importance of reducing compliance burdens for GST taxpayers. During a recent meeting, various stakeholders discussed upcoming reforms focused on simplifying tax administration processes. Proposed changes include decriminalisation of certain offences and a higher threshold for prosecutions. The introduction of automated refunds and centralised administration aims to improve taxpayer experiences.
BCCI's meeting with IPL body postponed
Mumbai, A meeting between the BCCI and IPL stakeholders scheduled for Thursday here has been postponed, Board Secretary Devajit Saikia said on Tuesday.The BCCI had called a joint stakeholders' meeting here on October 15, as the Indian Premier League (IPL) prepares to enter its landmark 20th season next year.The postponement comes as BCCI officials are required to attend a felicitation ceremony for the Indian men's and women's teams by Prime Minister Narendra Modi in New Delhi on October 15, following their gold-medal-winning performances at the recently concluded Asian Games.... the meeting with the IPL Franchise Owners, CEOs, IPL Hosting State Associations and Broadcasters, scheduled to be held on October 15, 2026, in Mumbai, has been postponed, Saikia said in a BCCI statement.The Hon'ble Prime Minister of India is scheduled to felicitate the Indian men's and women's teams for their outstanding performances at the recently concluded 20th Asian Games on October 15, 2026, in New Delhi. Accordingly, BCCI officials will be required to attend the felicitation ceremony.Saikia said the Board had also received requests from various stakeholders seeking a postponement of the meeting.In view of the above, and with a view to facilitating maximum participation in person, it has been decided to postpone the meeting.He said the revised date and venue will be communicated in due course.
CBDT nudges 12,000 tax professionals to file audit reports by October 21
Under its SAKSHAM NUDGE initiative, the Income Tax Department has contacted professionals who have filed fewer than half the audit reports they submitted in the previous year
Madhya Pradesh collects 44,711 crore in revenue in first half of FY27
Revenue rose 11.37 per cent year-on-year, with the Excise Department coming closest to meeting its target and Commercial Tax contributing the largest share of collections
The Karnataka High Court ruled that postal authorities could not deny PPF interest after allowing an irregular HUF account to operate for 12 years. The decision highlights the authorities' responsibility for irregularities they permitted.
Hyundai Motor Group to invest $15.5 billion in India in seven years
Hyundai Motor Group will invest $15.5 billion in India by 2032 to expand manufacturing operations and R&D capabilities. This investment aims to strengthen the local automotive ecosystem while fostering partnerships with local suppliers. Additionally, the group will establish a dedicated investment entity in India to coordinate these efforts. The comprehensive investment is expected to create numerous job opportunities across various sectors.
Virat Kohli made his LinkedIn debut to discuss his business interests beyond cricket. He highlighted his investment in Agilitas Sports and co-founding one8world, emphasizing global aspirations for Indian sports brands. Kohli's profile indicates his involvement with various sports-related ventures, showcasing his entrepreneurial ambitions. This platform serves a purpose beyond job searching and recruitment for public figures. As LinkedIn grows in India, celebrity presence may attract more users towards professional networking.
Mumbai airport holds off on winter flight cuts
J&K poultry farmers lose control as big companies expand
Before 2019, the government levied a charge of around 9 per kg on poultry brought into the region, which farmers say provided some protection against supplies from larger producers in other States
OPEC cuts Indias 2026 oil demand growth forecast to 40,000 barrels per day
Gasoline and diesel to drive consumption amid strong vehicle sales, manufacturing and agricultural activity.
NCC Ltd founder AVS Raju passes away
AVS Raju, the Founder and Chairman Emeritus of NCC Limited, passed away on October 13, 2026. His contributions to the construction industry are widely recognized across India and beyond. The announcement was made by NCC Limited in a statement issued on that day. Final respects for Raju will be paid at his residence in Jubilee Hills, Hyderabad. The public can pay their tributes starting from 10:00 a.m.
FIR filed on CJP leaders after Jantar Mantar breach
Rajinikanths mansion in Chennais Poes Gardens is a marvellous home. It is luxurious but is also known for minimalistic decor with neutral shades. However, the home is also famous for being a green haven as well.
RITES dispatches 18-coach rake to Bangladesh; first after Hasina's removal
RITES Limited recently dispatched the first rake of passenger coaches to Bangladesh Railway for a contract. This shipment is part of a larger agreement to supply 200 passenger coaches. The contract was awarded in May 2024, funded by the European Investment Bank, amounting to Rs 915 crore. The dispatched rake includes various types of coaches manufactured by Rail Coach Factory in Punjab.
Stocks, mutual funds, gold and property: How LTCG tax differs across asset classes
LTCG tax rules differ across stocks, mutual funds, gold and property, with different holding periods, tax rates and exemptions. Here is what investors need to know about the tax treatment of their investments under the current framework.
Buying property in a relatives name? Key benami law and tax risks to know
Buying property in a spouses, childs or parents name can invite benami law and tax scrutiny if ownership and funding arrangements do not meet legal requirements. Know the statutory exemptions, potential penalties and documents buyers should maintain to establish legitimate ownership
NTPC eyes green hydrogen exports, targets Asian and European markets
CMD Gurdeep Singh added that green hydrogen could become a viable business but the priority is for it move from a pilot to commercial scale.
EPFO steps up drive for retrospective regularisation of exempt status of PF trusts
Provisions for amnesty scheme were introduced as a transitional measure in the Employees Provident Fund (EPF) Scheme 2026, notified on June 29 this year
Pesticides makers body CropLife issues advisory as Rabi sowing begins
The industry body has mentioned about judicious use of crop protection products to save on input costs without compromising yields, CropLife said in a statement
India EV penetration may cross 10% by year-end, says JSW MG Motor executive
Electric vehicles are expected to capture more than 10% of passenger vehicle sales in India by the year's end. Factors such as new models, improved battery ranges, and expanded charging infrastructure contribute to this growth. Recent sales trends indicate a significant increase in electric vehicle sales, nearly doubling compared to last year. JSW MG Motor anticipates a rise in demand during the festive season ahead.
New Delhi rejects Beijings claim that Ladakh was established unilaterally and illegally.
Government hopeful of meeting tax collection budget target
GST reforms, a wider taxpayer base and B2C e-invoicing to strengthen compliance and collections
Two-thirds of MSMEs use AI, but only 21% deploy business software: Study
A CII-ISB study finds 65.8 per cent of surveyed MSMEs use AI tools, but just 21 per cent deploy ERP or customised software, highlighting gaps in technology adoption and productivity.
Capital allocation, geopolitics key business challenges: KM Birla
Birla said the group had continued investing in both existing and new businesses despite the uncertain global environment
Selma Blair's Los Angeles residence is a true reflection of her vibrant personality, featuring an eclectic mix of design and bold color palettes. Partnering with designer Bryan Wark, the space embraces modern and vintage aesthetics, adorned with cherished items. The dining area is cleverly crafted for versatility, ensuring it serves both dining and social gatherings. This transformation showcases how personal flair can seamlessly coexist with a homes classic essence.
Former financial services secretary Nagaraju Maddirala appointed IL&FS CMD for two years
Nagaraju Maddirala, previously a financial services secretary, has been appointed Chairman and Managing Director of IL&FS. His appointment was confirmed by the Ministry of Corporate Affairs on October 12 following Nand Kishore's tenure. Maddirala will receive a monthly remuneration of Rs 5.5 lakh along with a company car. IL&FS is currently under a government-appointed board due to previous financial issues.
Sitharamans LTCG, STT remarks lift market sentiment; rupee gains for third straight session
Investors responded positively to the Finance Ministers comments at the Bloomberg New Economy Forum as the rupee extended its recovery
Indian govt allocates 16 lakh tonnes of sugar for sales during October 13-31 as prices surge
The next 25 days will be crucial to guard against further spurt in prices as traders anticipate negligible stock at mill levels
Have a 50 lakh home loan? Check how much your EMI could rise after the RBI rate hike
The RBI's 25-basis-point repo rate hike could increase the EMI on a 50 lakh home loan by 852 867 a month over 30 years, or 759 over 20 years under a separate interest-rate assumption. Borrowers with larger loans could face higher monthly increases.
Mumbai airport will not reduce international flights in winter schedule
In a statement Mumbai International Airport Limited (MIAL) says that Adani and Bansal assured the airlinesof minimal disruption
India, Canada seek to advance trade pact talks, target year-end deal
Commerce ministers Piyush Goyal and Maninder Sidh discussed the proposed agreement following the latest round of negotiations held in Canada
Political resistance will triumph: Rahul Gandhi hints at oppositions surprise move
Jeevan Pramaan: How pensioners aged 80 and above can submit life certificate online
Pensioners aged 80 and above can submit their Jeevan Pramaan Digital Life Certificate from October 1, while others can do so from November 1 to 30. Heres how to generate a life certificate using Aadhaar-based face authentication, the documents required and alternative submission methods.
Moj crosses 500 million downloads, doubles daily user time spent
Moj, owned by Mohalla Tech, has surpassed 500 million downloads on the Google Play Store recently. It ranks fourth in Indias Social Media category, standing out as the only Indian app in the top four. The platform boasts over 1 billion daily video plays, with users spending nearly 300 minutes monthly. Additionally, creators on Moj are earning close to Rs 100 crore annually, demonstrating substantial growth.
RBI's new forex curbs unsettle banks even as rupee extends gains
Outperforms Asian peers on Tuesday to hit one-month high
Bengaluru court restrains media from linking Siddaramaiah to honey-trap videos
A Bengaluru court granted an injunction to Siddaramaiah, restraining media from publishing videos linking him to a honey trap. He claims these allegations are intended to tarnish his reputation and character for political reasons. Siddaramaiah has stated he has no connection to the alleged sting operation circulating on social media. He supports freedom of expression but sought legal action due to misuse by certain media sections.
Singapore President Tharman Shanmugaratnam on how India can become an export manufacturing powerhous
Hyundai Motor to plug $15.5 billion in India's automotive sector
Hyundai Motor Group intends to invest $15.5 billion in India between 2026 and 2032. This investment aims to position India as a key market for the company's growth and expansion. The discussions about this initiative occurred during a meeting with Prime Minister Narendra Modi Ji. Executive Chair Euisun Chung emphasized the importance of India for next-generation automotive innovation.
Prime Video has confirmed that Allie and Dean will be the main couple in Season 2. Their romance will build on the connection viewers saw in the first season. Creator Louisa Levy has said their love story will take centre stage, while the other characters will continue to have their own stories.
An American billionaire entrepreneur is reportedly building a modern-day Eden in Southwest America. Named Telosa, the city has received $500 billion in funding and will have jaw-dropping infrastructure such as self-driving cars, eco-friendly skyscrapers, etc. The city will be the perfect example of reformed capitalism.
A Anbarasu, Additional Secretary & DG (Acquisition) inMoD admitted the government is not happy with the time-consuming procedure of doing business and thats why acquisition reforms are being rolled out
Will Budget see axing of LTCG tax? Sitharaman says...
Finance Minister Nirmala Sitharaman stated that the Reserve Bank of India (RBI) will persist in its efforts to prevent excessive volatility in the rupee, which has significantly depreciated against the US dollar due to global uncertainties, despite India's strong macro-economic fundamentals.
India grows with the world, not at anyone's cost, says PM Narendra Modi
Addressing the Bloomberg New Economy Forum, PM Narendra Modi stressed global cooperation, democratisation of technology and India's commitment to reforms amid uncertainty
Chhattisgarh tribal farmers focusing on fruit orchards to boost income
Growers across Jashpur, Balrampur and Surajpur districts have turned to cashew, mango, pear, litchi, guava and apple orchards
Adani, Jabil Join Forces For AI Hardware Manufacturing
Adani Enterprises and US-based Jabil have signed a non-binding agreement to establish a 50:50 joint venture in India. This JV will manufacture artificial intelligence and data centre equipment, including AI racks, servers, storage, networking gear, and cooling systems, targeting both Indian and global markets. The collaboration aims to capitalise on India's accelerating data centre demand and the surging global investment in AI compute infrastructure.
OnMeta accelerates global expansion; signs MoU with Kazakhstan's QazPost
OnMeta has signed a memorandum of understanding with QazPost to explore digital financial solutions. This collaboration aims to integrate OnMeta's digital infrastructure with QazPost's extensive distribution network.
CEA chairman flags fuel supply concerns as electricity demand rises sharply
CEA Chairman Ghanshyam Prasad warns of depleting coal stocks at power plants amid rising demand, calling for more baseload capacity and a balanced mix of energy resources
RERA gives homebuyers legal protection against excessive advance payments, delayed possession, unauthorised changes to property plans, construction defects and false advertising. Here are five rights buyers should know before purchasing a home.
Kiran Mazumdar-Shaw emphasized the importance of building an innovation-driven pharmaceutical industry in India. She highlighted the need for continued investment in research and regulatory reforms to enhance drug development. The industry must focus on maintaining high-quality standards as it seeks to innovate. Closer cooperation between industry and regulators can help sustain momentum during this transition. India has the potential to participate actively in the global innovation ecosystem.
UK Economy Set for Slower Growth in 2027 as Energy Costs Rise
ORIGINAL ARTICLE: UK Economy Set for Slower Growth in 2027 as Energy Costs Rise The IMF upgrades the UK's 2026 growth forecast to 1.3%, but rising energy prices and interest rates could slow economic growth in 2027. The post UK Economy Set for Slower Growth in 2027 as Energy Costs Rise appeared first on DESIblitz .
Strong statistical systems key to achieving Viksit Bharat goal: P K Mishra
Principal Secretary to the PM P K Mishra calls for credible statistics, granular data, technology adoption and stronger Centre-state coordination to improve policy decisions and outcomes
In an exciting announcement, Apple has launched three innovative devices for enhancing smart home environments: the HomeView, HomePod mini 2, and Apple TV 4K. HomeView is the new smart home hub with a user-friendly 7-inch display. The HomePod mini 2 promises richer audio and forthcoming advanced Siri features, while the Apple TV 4K improves streaming options and enables hands-free Siri usage.
Prestige Estates records Rs 13,804 cr pre-sales in H1 FY27, lines up Rs 40,000 cr launches
The Bengaluru-based developer recorded residential pre-sales of Rs 7,225 crore in the July-September quarter, up 20% year-on-year. Sales volume stood at 5.84 million sq ft, with 3,910 units sold. For the first half of FY27, sales volume reached 11.88 million sq ft, with 7,247 units sold.
Tamil Nadu overtakes Telangana with highest retail inflation in September
Tamil Nadu's retail inflation rose to 6.81 per cent in September, while Telangana slipped to fourth place as all-India inflation climbed to 5.54 per cent amid rising food prices
IMF raises India growth forecast to 7% as oil shock, AI reshape global outlook
Goa Fresh to expand market reach for farm producers
The initiative gains significance against the backdrop of supply disruptions during the Covid-19 pandemic, which exposed Goas dependence on neighbouring States for daily food supplies
Air India board expected to review staff travel policy, cost-saving proposals
Earlier, Air India had revised its staff travel arrangements from April 1, 2025, requiring employees, including senior management, to travel in economy
Strong statistical systems key to achieving Viksit Bharat by 2047, says PM's principal secretary
India requires a reliable and technology-enabled statistical system to aid evidence-based policymaking. Principal Secretary to the Prime Minister P K Mishra emphasized the need for stronger state-level statistical institutions. He highlighted the importance of integrating data systems and using advanced technologies for accurate statistics. Mishra urged that more granular data is essential for assessing policy outcomes and addressing regional disparities.
Birla Advocates Gradual, Returns-Based AI Adoption
Aditya Birla Group Chairman Kumar Mangalam Birla stated on Tuesday that investments in artificial intelligence should be driven by potential returns, not by a fear of missing out. Speaking at the 2026 Bloomberg New Economy Forum, Birla indicated that his group would adopt AI more gradually than previously planned, moving away from an AI arms race mentality. He also discussed the varied applications of AI across different business sectors, the challenges of capital allocation, and the impact of geopolitical events on global companies.
UK Pension Income: how is it taxed for NRIs in India?
A returning NRIs UK workplace pension is tax-free in India while they qualify as RNOR, but becomes taxable as salary income once they become ROR, even if it remains in a UK bank account.
Investors building a mutual fund portfolio for a 10-year goal should balance large-cap stability with mid- and small-cap growth, while diversifying across debt, gold and international equities. Experts explain how valuations, risk appetite and rebalancing should shape portfolio allocation.
Uttarakhand bans gutkha, tobacco and nicotine-containing food products for one year
Uttarakhand has issued a ban on the manufacture, sale and distribution of tobacco products for one year. This decision emphasizes the importance of public health as stated by the Food Safety Commissioner. The ban affects all products containing tobacco or nicotine regardless of their branding. Previously, Odisha also implemented a similar prohibition, beginning in early 2026. Restrictions on these products have been in place in Odisha since 2013.
In 1997, Shakira established Fundacin Pies Descalzos to enhance educational opportunities for Colombian children. Since then, the foundation has positively impacted the lives of countless young learners by supporting over 300 schools and training many educators. Specifically, Shakira's initiatives now focus on aiding communities affected by natural disasters, ensuring that education remains accessible for all children, regardless of their circumstances.
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
Sameera Group forays in to industrial warehousing
Its first project will involve an investment of 150 crore to 170 crore to develop about 4.5 lakh sq ft of warehouse space on 16 acres
Average car loan size jumps 49% to 8.2 lakh as buyers shift to SUVs
TransUnion CIBIL data shows average passenger-vehicle loan sizes rose 49 per cent between H1 2019 and H1 2026, while repayment tenures increased by five months to 62 months
LIC to 3 new insurance plans on October 19
Tata Power, Imperial College London collaborate for opportunities in energy transition
Tata Power has signed an agreement with Imperial College London to explore collaboration in energy transition research. This partnership will focus on areas such as grid flexibility, energy storage, and AI applications. The cooperation aligns with the India-UK Vision 2035 initiative's goals for clean energy and climate action. The agreement aims to leverage Tata Power's operational experience alongside Imperials research expertise in digital technologies.
PM GatiShakti: over 400 infra projects worth Rs 20.23 lakh cr recommended for approval
Over 400 infrastructure projects worth approximately Rs 20.23 lakh crore have been approved under the PM GatiShakti initiative. The initiative aims to reduce logistics costs by developing integrated infrastructure across India. It integrates more than 1,800 data layers covering various sectors, including transportation and telecommunication. The Network Planning Group reviewed these projects for investments exceeding Rs 500 crore. This digital platform enhances data-driven infrastructure planning and management throughout the country.
BMW owner wins 14-year battle: Insurer told to pay 70 lakh after car gutted in fire
A consumer commission has directed United India Insurance Company to pay 70 lakh to a BMW owner whose car was gutted in a fire after a tyre puncture left him stranded on a Maharashtra highway.
Three things we've learnt about the UK economy from the IMF
The influential economics body has upgraded its UK growth forecast for this year, but risks remain.
Why LTCG tax is back in focus: What the 12.5% rate and 1.25 lakh exemption mean for investors
LTCG tax is back in focus after SBI Research proposed scrapping the tax on equity investments. Here are the latest LTCG tax rates, the 1.25 lakh exemption on eligible equity gains, property taxation rules and what investors need to know.
IBM India MD: AI Needs Vigilance, Not Artificial Pauses
IBM India and South Asia MD Sandip Patel states that technology, especially AI, should not be artificially paused. He advocates for vigilance and proactive governance to foster innovation while addressing potential risks. Patel also highlights IBM's India-specific initiatives like Bharat Core and a sovereign AI stack, and discusses the impact of AI on jobs and global supply chains.
