The Economic Times

The Congress party is not participating in the Cockroach Janata Party's agitation, choosing to conduct its own protests. Several allies from the INDIA bloc, however, support the CJP's demands and will join their agitation. Congress has planned a 'jan andolan' in Delhi for October 12, urging allies to participate. Rahul Gandhi is reaching out to students through events coinciding with the CJP's emergence.

A person recently posted an engaging video showcasing his unforgettable journey from Goa to Mumbai aboard the Duronto Express in First AC. Highlighting the delectable meals ranging from breakfast to dinner, he captured the breathtaking views along the Konkan Railway.

India's food industry is alerting to a potential supply shock projected for the year 2027. Experts indicate that a Super El Nino may disrupt crop production and elevate food inflation. Growing concerns arise over the impact on sugar and oilseed production, particularly in states with severe drought conditions. The livestock sector is also preparing for increased feed costs due to these challenges.

The proposed levy covers plastic waste, discarded tyres, electrical and electronic scrap, and used cooking oil. Under the framework, registered buyers will have to deduct TDS when purchasing from registered suppliers and pay GST under RCM on purchases from unregistered sellers, even when the latter fall below the GST registration threshold.

Supreme Court Justice Sheel Nagu recused himself from hearing the Punjab government's appeal against a high court order. The Punjab and Haryana High Court had directed a CBI probe into corruption allegations involving Chief Minister Bhagwant Mann's office. Justice Dipankar Datta noted the current challenging circumstances facing the judiciary. The case will be reassigned to a different bench by Chief Justice of India Surya Kant.

EY has reported a data breach that exposed sensitive client information and prompted regulatory notifications in multiple jurisdictions. This incident has raised concerns among top professional services firms regarding the protection of client data. Experts emphasize the need for tighter controls amid increasing cyberattacks and the complexity of technology used by these firms. Most communications between firms and clients are conducted over email, which poses additional risks.

Selja, who had earlier written to Rawat to stop his parallel show, is learnt to have urged the former chief minister to cancel his independent yatra and join official Uttarakhand Congress campaigns, stressing that party unity is essential to defeating the BJP in the upcoming election. She is also learnt to have made it clear that being part of collective work is the norm for all senior Uttarakhand state Congress leaders. ETs calls to Seljas office evoked no response.

Portsmouth Technologies LLC executed a block deal selling 30 lakh shares of Anthem Biosciences on October 9. The shares were sold at Rs 833 each, totaling Rs 249.90 crore. Following this transaction, Portsmouth's estimated stake in the company would decrease significantly. Anthem Biosciences reported a decline in total income and profit after tax for the first quarter of FY27.

Poonawalla Fincorp reported a substantial increase in net profit for the second quarter, rising over fivefold. The company's net interest income and fee income grew significantly, contributing to the profit surge. New loan products accounted for a notable percentage of disbursements during this period, demonstrating the diversification of their offerings. Additionally, improvements in the gross non-performing asset ratio reflect better asset quality management.

Members of Parliament belonging to the opposition INDIA bloc on Friday began a march from the Parliament House towards Rashtrapati Bhavan to submit a memorandum to President Droupadi Murmu, raising concerns over the functioning of the Election Commission of India (ECI).

Montana's National Weather Office has announced a winter weather advisory affecting Interstate 90 and nearby regions. Anticipated snowfall could reach 3 inches accompanied by wind gusts up to 35 mph. This advisory will be active from 6 p.m. Saturday until 6 p.m. Sunday local time. Motorists in western Montana should prepare for slippery conditions on various highways.

Newly reported documents have led to the reopening of the criminal investigation regarding Jane Doe's sexual assault allegations. She claims to have been drugged and assaulted by members of the Chi Phi fraternity. Investigators previously received differing versions of her account, affecting how the case was initially handled. The ongoing inquiry will examine the discrepancies in the evidence provided to prosecutors.

Several trains from Mumbai to New Delhi have been rescheduled or cancelled ahead of planned protests in the capital. The Central and Western Railways announced these changes due to expected traffic disruptions on October 10. Refunds will be provided for affected passengers, who voiced concerns over these abrupt cancellations. The protests aim to address allegations against Chief Election Commissioner Gyanesh Kumar regarding electoral roll tampering.

Weather Tomorrow: The India Meteorological Department has issued a weather alert predicting heavy rainfall and thunderstorms for several regions. Delhi-NCR is expected to have partly cloudy skies along with light rain and potential strong winds. In Haryana, isolated rainfall and thunderstorms are possible on Saturday, while Uttar Pradesh may experience scattered rainfall. Additionally, Punjab and Bihar are likely to see light rain or thundershowers throughout the day.

Donald Trump approval rating: Concerns about the economy and the war have driven Trump's public approval to record lows and have been weighing on support for his party ahead of the November 3 election that will determine control of Congress for the next two years.

This October, Xbox Game Pass subscribers are in for a treat with the launch of several exhilarating games, including 'Gears of War: E Day'. Fans can also look forward to 'Battlefield 6', arriving later this month. However, players should keep an eye on the clock, as some titles will leave the service by October 15, prompting potential purchases.

Willy Naruenartwanich was sentenced to six years in prison for his role in an arms procurement conspiracy. The conspiracy involved the National Socialist Council of Nagaland (IM) seeking to acquire weapons. Naruenartwanich acted as a key conspirator and middleman in the arms network. The case reflects the efforts made by the National Investigation Agency to combat international arms smuggling.

The Reserve Bank of India will raise the minimum daily cash reserve ratio requirement to 99% from 90%. This change will take effect from mid-October, specifically the fortnight starting October 16, 2026. Banks will be required to maintain this increased percentage without the previous operational flexibility. The move aims to reduce the current surplus liquidity within the banking system.

Over a week, law enforcement registered 27 FIRs against protesters targeting the Chief Election Commissioner, Gyanesh Kumar. The police utilized provisions of the Bharatiya Nyaya Sanhita to enforce regulations and account for collective actions. Specific sections invoked included those addressing joint criminal liability, obstruction of public officials, and physical confrontation. Police established barricades and sealed roads around key protest locations to maintain order.

Poonawalla Fincorp reported a 407% year-on-year surge in Q2FY27 profit to Rs 375 crore, while net interest income rose 81%. Operating profit more than doubled, supported by business growth, improving asset quality and an expanded gold loan network.

Anand Rathi Wealth reported a 22% year-on-year rise in Q2 business profit to Rs 122 crore, with revenue increasing 16%. Assets under management reached Rs 1.08 lakh crore as quarterly net inflows hit a record Rs 4,186 crore.

Zerodha founder Nithin Kamath warned that small and microcap stocks account for a substantial share of Indias margin trading facility book. He highlighted liquidity risks during market downturns, when smaller stocks may face sharper selling pressure.

Essencore has partnered with Syrma SGS Technology to boost local manufacturing capabilities in India. The collaboration supports Essencore's strategic India expansion efforts and affirms its commitment to Make-in-India initiatives. Additionally, the companies aim to enhance engagement in the electronics and technology ecosystem within the country. Essencore introduced its consumer brand KLEVV, which focuses on high-performance memory and storage solutions.

GQG Partners entities sold 50.39 lakh Adani Power shares through on-market transactions, reducing their combined stake to 5.72% from 5.74%. The disclosure comes as the stock gains 27.05% in 2026 and the company expands into Bhutanese hydropower.

Tata Asset Management CEO Anand Vardarajan highlights how passive funds, SIFs and GIFT City are reshaping wealth management. He advocates combining active and passive strategies while monitoring global yields, inflation and valuations to build diversified portfolios.

The Indian equity markets saw a robust recovery as both the BSE Sensex and Nifty 50 registered remarkable gains. The Nifty 50 surged by 288.65 points, closing at 22,520.45, while the Sensex jumped 879.09 points. Notably, the Nifty IT index rose 3%, signaling a positive market sentiment. A total of 2,182 out of 3,684 stocks climbed higher, reflecting renewed investor interest in bargain opportunities.

Seven stocks from the BSE 1000 index hit fresh 52-week highs as the Sensex rallied 879 points. Cupid led the list with a 31% monthly gain, followed by Shreeji Shipping Global, Aditya Infotech and other stocks.

Jio Platforms has set a price band of Rs 1,065-1,119 for its upcoming IPO. The company plans to raise between Rs 28,755 crore and Rs 30,213 crore with the offer. Public subscription is scheduled to start on October 21, with shares potentially listing on October 28.

Nomura has cut PB Fintechs target price by 31% to Rs 1,100 after proposed IRDAI curbs on insurance website practices and commissions. The brokerage lowered earnings estimates, while alternative scenarios suggest fair values of Rs 1,335-1,366.

Nifty broke its eight-week losing streak, rising nearly 1.3% on Friday to close above 22,500 as IT, FMCG and auto stocks led a relief rally. However, persistent FII selling, elevated US bond yields, crude oil prices and the RBIs shift to calibrated tightening continue to cloud the market outlook.

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.

MV Electrosystems shares have surged over 100% from their IPO price, boosting Madhuri Kelas stake value to Rs 111.55 crore. However, declining FY26 revenue and a net loss raise concerns about the companys future profitability.

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.

Ageas Federal Life Insurance has launched its first GIFT City product, a multi-currency ULIP that lets customers invest in US dollars, euros or pounds while receiving life cover. The Aurum Advantage Plan is open to customers of any nationality, including NRIs, OCIs and PIOs, with a minimum investment of $3,000, 3,000 or 3,000.

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.

How Do Family Offices Hunt for Multibagger Startups?

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.