The Economic Times

Indias IT-BPM sector is set to revive fresher hiring after a sharp contraction, but the recovery is rewiring the skills companies seek in graduates.Fresher hiring in the sector is projected to rise to up to 2.1 lakh in FY27, after falling to an estimated 1.75 lakh in FY26 from 4 lakh in FY22, according to technology consulting and talent advisory firm HAN Digitals IT-BPM Graduate Hiring Outlook 2027.However, demand is increasingly shifting towards artificial intelligence (AI), machine learning (

Property owner inherits mothers land, converts it into freehold, DDA grants mutation, redevelops it, gets Rs 75 lakh from builder, pays no tax, gets tax notice, wins case in ITAT Delhi.

Indian government bonds faced a downturn, attributed to soaring oil prices and statements from the Reserve Bank of India. The yield on the benchmark 6.94% 2036 bond rose following the central bank's recent rate hike. Geopolitical tensions involving Yemen and Saudi Arabia also pushed oil prices higher. With consumer inflation expected to exceed the central bank's upper tolerance limit in October, traders are keenly awaiting U.S.

Bank of Baroda shares fell over 3% to Rs 230.40 on Wednesday following reports that NMC Healthcare founder BR Shetty filed a $15 billion lawsuit against the lender in the Bombay High Court alleging fraud. Bank of Baroda clarified to exchanges that it has not yet been served.

Chinese stocks edged lower as AI-related shares weakened and mixed inflation data heightened concerns over domestic demand. The CSI300 declined, while energy and consumer staples stocks advanced amid rising oil prices. Technology shares remained under pressure, and HSBC cut year-end targets for major Chinese indexes, reflecting persistent market uncertainty.

AST SpaceMobile shares tumbled 8.5% on October 13 to close near $46.80 following a Piper Sandler downgrade triggered by intensifying competition from SpaceXs satellite network. Weak technical indicators and concerns over satellite launch constraints weigh on sentiment, making $46.47 a critical pivot level for a potential recovery.

Indian equities traded nearly flat after a sharp rally in the previous session, with IT stocks extending gains while pharma shares declined. Analysts flagged elevated US bond yields and crude oil prices as headwinds, even as short-covering and hopes of tax relief supported sentiment.

Indian IT stocks rallied as concerns over AI-driven disruption eased, triggering an anti-AI trade. The Nifty IT index surged over 2,000 points in two sessions to cross 30,000, its first move above the mark in nearly a month. HCL Tech gained nearly 11% in two days following its Q2 results, while TCS and Infosys rose 610%.

Barclays plans to restart its equity capital markets business in India after nearly a decade, targeting the countrys booming IPO market. Strong fundraising demand, robust retail investment flows and startup growth offer opportunities. With hundreds of companies awaiting IPO approvals, the bank aims to expand its equity advisory and underwriting services.

Wipro is anticipated to report limited earnings growth for the September quarter due to various pressures. The focus will likely shift to guidance for the future quarter and profit margins. Analysts expect IT revenue to decline slightly despite inorganic contributions from recent acquisitions. The upcoming Q3 guidance is expected to reflect seasonality and economic conditions affecting discretionary spending. Management's commentary on deal activity will be crucial for understanding future perfo

Jio Platforms is set to file its RHP for a potential Rs 30,000-crore IPO, which could become Indias largest-ever share sale. The Reliance Industries subsidiary is expected to open the issue for subscription from October 21 to 23. The IPO may value Jio at up to Rs 10.3 lakh crore, with a likely price band of Rs 1,0651,119 per share. Existing investors are not expected to sell their stakes.

Husband and wife both of them put their name on houses title deed, but wifes father paid for it and even he gave 5000 Saudi Rials to him but marriage broke; Kerala HC orders him to vacate the house

Polycab India shares dropped 6% in two sessions after NSE announced its exclusion from the equity derivatives segment effective December 30. The move follows an insolvency petition admitted by NCLT over alleged dues of Rs 2.79 crore, which has since been stayed by NCLAT pending an October 26 hearing.

Hyundai Motor Company is expanding its investment in India as it prepares to introduce 26 new vehicles. The company plans to electrify about 50 percent of its vehicles by 2030, including various electric options. Hyundai's global CEO emphasized the importance of consistent regulation to ensure long-term investments.

These policies include the Shipbuilding Project Credit Risk Insurance Policy for export projects and the Business Credit Shield Policy for domestic projects. The central government will subsidize insurance premiums and support insurers for shipyard claims. This initiative aims to alleviate financial stress and ensure smooth operations for shipyards.

Despite a cautious stance on the market outlook, PL Capital has pinpointed 8 largecap stocks poised for significant growth, with potential increases ranging from 13.4% to 41.3%. Among these, Bharat Electronics and GE Vernova T&D India stand out for their promising target prices surpassing current valuations. Revenue forecasts for these firms indicate an optimistic performance trajectory for the years ahead, suggesting a valuable opportunity for discerning investors.

Reliance Industries is gearing up for the highly anticipated Jio Platforms IPO, which is expected to generate significant capital. Despite this, recent declines in RIL shares reveal a cautious mood among investors about potential future gains. Analysts note that although the IPO could establish Jio's market valuation, immediate advantages for RIL shareholders remain unclear, given concerns about refining margins, capital needs, and core business performance affecting sentiment.

Transformers & Rectifiers shares surged over 18% after the company reported a 135% year-on-year rise in consolidated net profit and 61% revenue growth in Q2FY27. Order inflows nearly doubled to Rs 1,169 crore, while its unexecuted order book grew 32% year-on-year.

The Finance Ministry has unveiled an important amendment to the India-Mauritius Double Taxation Avoidance Agreement. Effective August 10, the new Principal Purpose Test seeks to curb potential abuses of tax treaty benefits. This allows tax authorities to examine claims more thoroughly, specifically targeting investment vehicles based in Mauritius, such as foreign portfolio investors and private equity funds, to maintain fair taxation practices.

During her recent statements, Sheikh Hasina expressed disapproval of Tarique Rahman's absence from the BRICS summit, indicating it was detrimental to Bangladeshs best interests. She contended that involvement in such platforms could have enhanced economic growth and social benefit. Hasina pointed out the crucial need for foreign policy to reflect national priorities over personal issues, and she plans to foster democracy and tackle ongoing national challenges upon her return.

At the Bloomberg New Economy Forum, Union Commerce and Industry Minister Piyush Goyal shed light on the promising future of India and the US's partnership. He expressed his belief in the strong bond that is expected to grow, while addressing fears regarding its effects on other nations. Goyal confirmed that this alliance is stable and poses no threats, fostering a hopeful view for the future of their relations.

Chinas yuan edged higher against the dollar as investors assessed mixed inflation data and awaited US consumer price figures. Rising producer prices contrasted with subdued consumer inflation amid weak domestic demand. Analysts expect gradual yuan appreciation through 2026, supported by trade surpluses and capital flows, while Federal Reserve policy remains a key driver.

Warm deviations of as much as 2C higher than usual are also set to gradually encompass most of China, except the heavily populated eastern coast, by January.

The IMF has urged governments worldwide to rein in spending, narrow budget deficits and reduce debt as global public debt approaches 100% of GDP. Rising bond yields and borrowing costs are adding to fiscal pressures and limiting room to tackle future economic shocks.

Anand Rathi Share and Stock Brokers shares fell 6% on Wednesday despite a 50% YoY jump in Q2FY27 net profit to Rs 41.94 crore. Investor sentiment was dented by margin compression as operating expenses rose 14% YoY, primarily driven by a 31% increase in employee benefit costs.

Drawing inspiration from Goddess Durgas ten arms this Navratri, Suranjana Borthakur of Mirae Asset explains why diversification is not dilution for investors. A thoughtfully allocated portfolio spread across equities, debt, and market caps provides the resilience needed to ride out volatility, prevent emotional exits, and achieve compounding growth.

This Saturday marks an important day as HDFC Bank, ICICI Bank, Axis Bank, and Yes Bank prepare to disclose their second-quarter earnings. Notably, HDFC Bank recently appointed a new CEO amidst lackluster previous earnings that failed to satisfy investors. Analysts highlight HDFC and ICICI's robust deposit growth and solid balance sheets as key focus areas.

Fusion CXs Rs 702-crore IPO is open for subscription from October 14 to 16. The issue is priced at Rs 275-289 per share, with a minimum retail investment of Rs 14,739. The IPO commands a grey market premium of around 12%. The company raised Rs 315 crore from anchor investors, including Ashish Kacholia and Kotak Mahindra Life Insurance.

The HD Fire Protect IPO entered its second day of subscription with a grey market premium (GMP) of 34%, suggesting potential listing gains, though GMP is not a reliable guarantee. The Rs 712.31-crore issue was subscribed 4.62 times on Day 1, with the retail portion subscribed 3.78 times. The IPO is entirely an offer for sale (OFS) of 2.63 crore shares, meaning the company will receive no proceeds from the issue.

The Union Cabinet is likely set to take up a proposal on productivity-linked bonus for railway employees. Non-gazetted railway employees currently receive Rs 17,951, calculated using a wage ceiling of Rs 7,000 for 78 days. The move comes amid demands to raise the ceiling and increase the annual bonus payout.

Japans Nikkei rebounded 0.61% on Wednesday as chip-related stocks advanced, recovering from the previous sessions decline. Advantest, Tokyo Electron and SoftBank gained, while Taiyo Yuden surged. However, banking stocks weakened the broader Topix index, with Mitsubishi UFJ, Mizuho and Sumitomo Mitsui Financial Group posting losses amid broader financial-sector pressure.

Investors are witnessing notable losses in well-known blue-chip stocks such as TCS, Infosys, and Hindustan Unilever. These major players are encountering significant hurdles affecting their market position. Analysts believe that lowered expectations may allow for potential recovery if economic conditions improve. Currently, various sectors, especially IT and consumer goods, face cyclical and structural challenges, suggesting that large-cap stocks are becoming increasingly appealing as earnings g

South Koreas KOSPI rebounded 0.74% on Wednesday as investors bought semiconductor stocks after five consecutive sessions of losses. Samsung Electronics and SK Hynix advanced, supported by a recovery in US AI chipmakers. Despite positive market breadth, foreign investors remained net sellers, while the won strengthened slightly and bond yields mostly rose.

Tata Elxsi shares rallied up to 7% after the company reported 10% year-on-year profit growth and 15% revenue growth in the September quarter. Morgan Stanley, Motilal Oswal and JM Financial maintained cautious ratings, citing valuations, European automotive weakness and a gradual deal ramp-up.

Hero Motors shares jumped after the company reported a 115% YoY rise in Q2 FY27 net profit to Rs 10.2 crore. Revenue from operations grew 25% to Rs 319 crore, while total income rose 22% to Rs 322.64 crore. However, net profit fell 31% sequentially, while total expenses increased 19% YoY to Rs 307.06 crore.

RBI Governor Sanjay Malhotra said the central bank may take further steps to curb speculative forex trading and ensure orderly movement in the currency market. He said recent restrictions aim to support genuine hedging needs, not impose capital controls.

Saurav Das, Ashutosh Ranka Jail Reason: CJP leaders Saurav Das and Ashutosh Ranka have been sent to five days of judicial custody after Delhi Police detained them over their alleged entry into Jantar Mantar, which has been de-notified as a protest site. The action came days after their release on a one-year peace bond. Another CJP functionary, Ajinkya Shinde, has reportedly been released.

Five Nifty500 stocks that gained over 5% on October 13 featured in StockEdges White Marubozu scan, indicating strong buying momentum during the session.

A US federal judge has extended an order preventing the Trump administration from banning certain reporters from the White House. US District Judge Timothy Kelly ruled that CNN, MS NOW, and Politico have strong constitutional claims. The judge emphasized that concerns regarding the media's accuracy and fairness are valid. He ordered the restoration of the reporters' press credentials while the case continues.

Four NSE F&O stocks, including RBL Bank, Ujjivan Small Finance Bank, Tube Investments of India, and Hyundai Motor India, saw a surge of over 10% in futures open interest on October 13, according to StockEdge data. The rise signals fresh position building and increased trader activity in these counters.