The Economic Times

Indian IT stocks have rebounded sharply. The Nifty IT index has risen 8%, adding Rs 82,500 crore to the sector

IDBI Bank shares plunged as investors booked profits after a nearly 13% rally in the previous session following the Cabinet

Brent crude futures declined $1.50, or 1.41%, to $104.55 a barrel, while US West Texas Intermediate (WTI) crude futures dropped $1.02, or 1.07%, to $94.07. Both benchmarks reversed gains made in the previous session.

Zetwerk Manufacturing is planning to raise

Canara Bank experienced an 8.4% year-on-year increase in net profit, reaching

The Indian rupee closed at 95.15 against the US dollar, marking the fourth consecutive day of gains. It reached an intra-day peak of 94.77, which is a one-month high. This appreciation was aided by central bank measures and the unwinding of long dollar positions. Despite the gains, strong dollar demand from importers limited its daily increase. Overall, the rupee's rise presents opportunities for companies engaged in purchasing.

Securities and Exchange Board of India is proposing changes to initial public offering regulations for small and medium enterprises. The changes aim to reduce the overall costs associated with raising capital through IPOs. Proposed improvements include lowering the minimum application amount and easing underwriting requirements. Companies with certain market capitalisation thresholds could benefit from these new regulations.

Insurance companies and NPS funds have decreased their combined investments in Indian equities by 45%. They invested

Jio Platforms has filed the red herring prospectus for its initial public offering, aiming to raise

Jio Platforms is experiencing a rise in grey market premium ahead of its initial public offering. The IPO is set to open on October 21 and will close on October 23. Reliance Industries has established a price band between

Sebi has imposed interim restrictions on Rajesh Exports and its promoter Rajesh Mehta for alleged financial misrepresentation. The regulator found issues regarding the reported consolidated revenue of

Amid rising inflation, major AI firms like CoreWeave and Dell Technologies experienced significant stock price drops, losing around $80 billion in market value. Increased US interest rates have investors worried about the borrowing hurdles faced by less profitable firms within the sector. Even with the strong performance of giants like Nvidia and Microsoft, skepticism remains high, reminiscent of the dot-com era's cautionary tales.

India's Nifty 50 index faces considerable challenges this year, with a significant drop since January. In contrast, stocks linked to artificial intelligence have thrived, attracting investor interest and increased foreign ownership. Companies are investing in the foundational infrastructure for AI, anticipating a fourfold rise in data center capacity by 2029. However, experts warn that lofty valuations could pose risks for future earnings.

India is preparing a dedicated data centre policy to address concerns over electricity consumption and protect consumers from higher power bills, Minister of State for IT Jitin Prasada said on Wednesday. The move comes amid local protests against planned Amazon and Google projects over water, electricity and environmental concerns.

Despite Nifty and Sensex tumbling over 6% in September, small-cap and SME-focused PMS strategies delivered robust positive returns. Hem Securities' India Rising SME Stars scheme led gains at 7.23%, according to PMS Bazaar data, while broad mid-cap and thematic strategies suffered losses of up to 10.16%.

ECB President Christine Lagarde stated on Wednesday that France must tackle its ballooning debt and deficit through domestic fiscal consolidation rather than relying on central bank bond intervention. Speaking in Bangkok, Lagarde noted that while elevated Eurozone inflation persists due to energy costs, growth projections remain modestly resilient.

European companies appear better equipped to withstand rising oil and gas prices than during the 2022 energy crisis, supported by changing stock market composition, AI-related spending, global operations and stronger risk management. However, a prolonged energy shock could still pressure earnings and consumer demand.

Vijay Deverakonda and Rashmika Mandanna are preparing for the release of their film Ranabaali in theaters. They recently visited Tirumala to pray before the film's premiere on October 16. The couple resides in a luxurious home located in Jubilee Hills, Hyderabad, valued at around Rs 20 crore. Scroll down and let's take a look.

Groww Q2 Results: The companys revenue from operations came in at Rs 1,501 crore, marking a 47% increase from Rs 1,019 crore posted in the corresponding quarter of the previous financial year.

Jairam Ramesh stepped into the fray by accusing Union Home Minister Amit Shah of using infiltrator rhetoric to divert attention from widespread voter disenfranchisement. He raised vital queries about the integrity of the Special Intensive Revision process. In solidarity, Akhilesh Yadav, head of the Samajwadi Party, called for unity against alleged electoral fraud, championing the need for social equality and safeguarding the rights of marginalized communities.

Canara Bank has announced a standalone net profit of approximately Rs 5,175 crore for the second quarter of FY27, reflecting a growth of over 8% from the previous year. The bank also experienced a substantial increase in net interest income, surpassing Rs 11,005 crore, along with notable improvements in asset quality through a reduction in non-performing assets.

Johnson & Johnson shares fell as much as 6.8% despite an improved full-year earnings outlook. A sharp decline in reported quarterly profit, weaker-than-expected MedTech performance and litigation-related charges weighed on investor sentiment despite revenue growth and adjusted earnings beating estimates.

Global brokerage firm UBS maintained a Buy rating on CarTrade Tech with a target price of Rs 4,000, citing strong monetisation potential in its OLX India business. UBS expects OLX

Japans five-year government bond yield held steady at 2.34% on Wednesday after strong demand at a Ministry of Finance auction. Solid bid-to-cover ratios, easing French bond yields, and growing market expectations that the Bank of Japan is nearing the end of its rate hike cycle buoyed investor appetite.

Global semiconductor stocks tumbled as Chinese chipmaker CXMTs reported progress on a new memory chip design raised concerns about intensifying competition. Samsung, SK Hynix and Micron face potential pricing pressure as Chinese manufacturers seek to narrow the technology gap. The selloff also reflects growing scrutiny of AI valuations and whether heavy investment in AI infrastructure will deliver sustainable returns.

Wholesale prices in India rose significantly to 11.39% in September, driven by rising fuel and food costs. Retail inflation also increased to 5.54%, attributed largely to higher vegetable prices. Concerns remain over food inflation maintaining elevated levels due to factors like uneven monsoon rainfall and El Nino risks. Increased global commodity prices are further affecting food production costs and transportation expenses.

Donald Trump stated plans for extensive resource exploration in Greenland without providing specific details. The US, Denmark, and Greenland recently signed an agreement to ease previous tensions. This deal includes expanding the US military's presence in Greenland, which will involve new military bases. Trump's announcement emphasized the strategic significance of Greenland in terms of national defense. The agreement also recognizes Danish sovereignty and supports the self-determination of Gree

IDBI Bank shares surged nearly 13%, adding over Rs 11,460 crore to its market capitalisation amid progress in the privatisation process. The bank reported strong Q2FY27 business growth, while JM Financial highlighted loan growth, deposit mobilisation and margin pressures across the banking sector.

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.