The Economic Times

BJP leader Ram Madhav responded to Rahul Gandhi's comments regarding Elon Musk's Starlink and spectrum allocation. He emphasized that spectrum allocation in India will follow legal protocols without discrimination. The BJP criticized Congress for their previous stance claiming Starlink was a national security threat and questioned their sudden support of Musk.

Rahul Gandhi underscored the importance of a level playing field for businesses in India while addressing crony capitalism. His remarks followed an online exchange with Elon Musk regarding Starlink's licensing issues. Gandhi argued for an economy driven by innovation and hard work instead of political connections. The Indian government refuted allegations by Musk about blocking Starlink's services, clarifying compliance requirements.

Robert Kennedy Jr. has said US children receive too many vaccines, falsely claiming repeatedly that kids get up to 90 doses before age 18, which has been echoed by President Donald Trump.

Arvind Kejriwal announced his participation in a protest at Jantar Mantar organized by the Cockroach Janata Party. This protest is set for October 10, demanding the resignation of Chief Election Commissioner Gyanesh Kumar. Kejriwal accused the central government of tampering with voter lists and manipulating elections. He urged citizens across the country to join this peaceful demonstration for national integrity.

Dhruv Rathee's wife, Juli Lbr-Rathee, is a German national and healthcare professional. Here's what to know about their first meeting in Germany, relationship, 2021 wedding and family life. As per reports, they met on a tram when they were going for studies.

The 57th GST Council meeting has introduced measures to simplify compliance and expedite refunds for businesses. Recommendations include increasing the prosecution threshold and reducing penalties for non-compliance. The proposed framework features faster acknowledgement timelines for claims and provisional refunds for taxpayers. Changes to the inverted-duty structure are set to unlock credits in various sectors including textiles and manufacturing.

Indian Cricketer Ravindra Jadeja is set to play for Saurashtra against Chhattisgarh in the upcoming Ranji Trophy season. Jaydev Unadkat will continue as captain following his successful stint with Sussex. Saurashtra has retained 14 players from this season's squad and made two new additions. The team aims to improve after their early exit in the previous tournament. Their opening match will take place at the NIranjan Shah Stadium in Rajkot.

Zetwerk is preparing to launch an IPO as early as October 15, seeking to raise up to $525 million at a targeted valuation of $2.8 billion. The offering will include a fresh issue and a secondary sale by existing shareholders.

SEPC shares jumped nearly 11% to Rs 5.47 on Friday after securing an Rs 854.57-crore contract from SAIL for its IISCO Steel Plant expansion in Burnpur. The deal pushes SEPC's consolidated order book past Rs 10,000 crore, nearly 10 times its market capitalisation, providing multi-year revenue visibility.

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V Anantha Nageswaran emphasized the need to revise non-performing asset classification norms for micro, small and medium enterprises. He highlighted that existing norms do not consider diverse cash flow cycles and working capital requirements. The Chief Economic Advisor pointed out that a uniform global framework is unsuitable for Indias business practices. Additionally, he suggested reducing compliance costs for MSMEs to improve their operational efficiency.

Ace investor Ashish Kacholia trimmed his stake in Carysil by over 2 lakh shares during the July-September quarter of FY27, reducing his holding to 2.72%. The kitchen sink makers stock has corrected sharply from its July peak after a strong rally earlier this year. Heres a look at Carysils recent share price performance, long-term returns and analyst outlook.

The Nifty India Defence index rallied 25% in H1 FY27 despite broader market volatility, with 10 defence stocks gaining 50% to 600%. Six stocks, led by Sigma Advanced Systems, Unimech Aerospace, and MTAR Technologies, turned multibaggers by more than doubling investor wealth over six months, ACE Equity data showed.

Pidilite Industries shares rose on Friday after the company appointed Amit Agarwal as CFO-designate and Senior Management Personnel, effective October 9, 2026. Agarwal brings over 22 years of finance experience and has previously worked with Pfizer, Hindustan Unilever and Vedanta Resources. He is a Chartered Accountant, Cost Accountant and Company Secretary.

IT stocks rallied up to 4% on Friday, adding Rs 70,000 crore in market capitalisation, despite the US suspension of a labour certification programme. Strong Q2 results from TCS, easing oil prices and bond yields, and developments around OpenAI also supported sentiment. TCS gained after reporting 15% profit growth, while brokerages flagged near-term margin pressures and evolving AI-related risks.

Vedanta shares rose on Friday after the mining major announced its first interim dividend of Rs 5 per share for FY27, with a total payout of Rs 1,955 crore. The dividend marks the company's first since its demerger into five entities, which could reshape its future dividend payouts.

Vivriti Asset Management has completed and exited its Vintage II credit funds, returning over Rs 2,260 crore in capital and income. The funds invested across more than 45 companies, delivering gross IRRs of around 12% to 15%.

Cupid shares jumped hit a fresh 52-week high of Rs 368 on Friday, extending their rally for a fourth straight session. Earlier this month, Cupid raised its FY27 revenue and profit guidance for the second time in less than two weeks, targeting revenue of Rs 800 crore and net profit of Rs 250 crore for the financial year.

Hospital stocks rose up to 5% after the government capped trade margins on non-scheduled anti-cancer drugs at 30%, potentially reducing medicine prices by 70%. Jefferies and Emkay expect manageable earnings impacts, despite near-term margin pressures. Jefferies favours Fortis, Manipal, Apollo, Max Healthcare and Medanta, citing strong demand and attractive valuations.

Higher crude oil prices and drought conditions in five states may impact Indian banks' asset quality outlook. This follows a stable credit cost scenario for private and public sector banks. The report suggests monitoring external factors affecting borrowers' repayment capacity. While deposit growth has improved, there are risks to profitability and net interest margins. Investors are advised to keep an eye on these developments in the coming quarters.

Hexaware Technologies shares surged after the IT services firm announced a multi-year partnership with Anthropic to integrate its Claude AI models into its platforms. The tie-up will focus on enterprise AI solutions and deployments across IT operations and software engineering.

The Indian stock market has undergone a significant downturn, with nearly Rs 30 lakh crore wiped off its market capitalisation. Contributing factors include surging oil prices and elevated bond yields. Experts predict that any potential rebound hinges on the health of the broader economy. Additionally, Foreign Institutional Investors have been notably offloading their equities, while technical indicators display a cautious outlook as Nifty struggles against ongoing bearish trends.

NCC shares rose on Friday after the company secured a Rs 1,286.03 crore road construction order in Telangana from Hyderabad Growth Corridor Limited. The order, dated October 8, 2026, involves the construction of Radial Road-2 from the Outer Ring Road (ORR) near Budwel to Nacharam on NH-167N, covering Package 1 from Budwel to Shabad.

In mid-September, foreign investors took a step back from Indian equities, causing significant shifts across multiple sectors. The financial services sector saw the largest impact, facing net outflows of Rs 6,943 crore. Concurrently, oil, gas, and fuel markets suffered a major withdrawal of Rs 4,469 crore amid increasing oil prices.

Indian equity markets are facing the prospect of a ninth consecutive weekly downturn amid multiple challenges. This week alone, the Nifty index has dropped by around 0.8% following a significant slide. Factors such as foreign selling, surging crude oil prices, and a depreciating rupee have dampened market sentiment. Technical analyses reveal bearish patterns, raising alarm among investors. Financial institution executives express concern over possible future market trends and investor reactions.

Fusion CX has set a price band of Rs 275289 per share for its Rs 702 crore IPO, which will open on October 14 and close on October 16. The issue comprises a fresh issue worth Rs 500 crore and an offer for sale (OFS) of Rs 202 crore. Allotment is expected on October 19, with shares scheduled to list on the BSE and NSE on October 22, 2026.

TCS shares surged after the IT major reported a 15% year-on-year rise in Q2 consolidated net profit to Rs 13,884 crore. Revenue in constant currency terms grew 0.5% quarter-on-quarter, while operating margin stood at 24%. The company declared a second interim dividend of Rs 12 per share for FY27.

According to a report by Emkay Research, Indian banks might report a 25.4 percent year-on-year increase in net profit. Higher foreign currency deposits could exert pressure on lending margins, impacting profitability. Loan growth remains healthy, contributing to income increases and reduced provisions for loan losses. Overall banking system growth is anticipated to moderate as FCNR-B funding normalizes.

The Indian stock market showed positive movement after oil prices cooled down significantly. Sensex climbed over 400 points reaching 72,000, while Nifty 50 surged above the 22,350 mark. This recovery followed a previous sharp decline that erased over Rs 10 lakh crore from Dalal Street. Broader markets exhibited mixed results with Nifty Midcap 100 gaining and Nifty Smallcap 100 showing losses.

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.

ITC shares will be in focus after Rajiv Jain-backed GQG sold shares worth Rs 9,395 crore, reducing its stake amid a sharp stock decline. Cigarette tax hikes, inflation and rising oil prices weighed on performance. Investors now await quarterly earnings, while brokerages remain divided on the stocks outlook and valuation prospects.

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.

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.

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.

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

Four NSE F&O stocks recorded over 10% growth in futures open interest on October 8, signalling increased trading positions and potential shifts in market sentiment among derivatives participants.

Indian IT stocks like TCS, Infosys, and Wipro are in focus on Friday following TCS's Q2 results, where net profit rose 15% to Rs 13,884 crore. Additional triggers include the US suspending the PERM green card programme for major tech firms and OpenAI revising its annualised revenue forecast down to $50 billion.

Four Nifty500 stocks featured in StockEdges RSI Trending Up scan on October 8, signalling strengthening price momentum as their Relative Strength Index (RSI) values crossed above 50 from below.

Four Nifty 500 stocks closed more than 2% below their respective VWAPs on October 8, indicating that they ended the session below their volume-weighted average traded prices, according to StockEdges technical scan data.