IBTimes

Forward Deployed Engineer job postings in India surged 1,807% year-on-year in June 2026, reflecting a shift driven by AI adoption.

NPCI postpones MDR implementation on select UPI merchant transactions until after Diwali, offering festive relief. The revised implementation date will be notified separately.

CBDT revises Form 161 for penalty waiver, requiring detailed tax disclosures, payment proof and additional tax of 100 percent or 120 percent, depending on the nature of income misreporting cases.

E-commerce companies in India sold about Rs 24,000 crore in the first two days of festive sales. Mobile phones accounted for the largest share of sales, representing nearly 40 per cent of total revenue. Fashion and electronics also saw significant growth.

India's mutual fund equity inflow surged 30.61% to Rs 38,306.55 crore in September, with industry AUM reaching Rs 82.64 lakh crore.

Robert E. Hall and Michael Woodford won the 2026 Nobel in Economics for building models that aid economic policy decisions during booms and recessions.

24-carat gold was priced at Rs 1,51,720 per 10 grams, while 22-carat gold stood at Rs 1,39,077. Silver was quoted at Rs 2,26,140 per kg. International gold prices edged higher amid a weaker US dollar and easing crude oil prices, while investors awaited key US inflation data for further cues on interest rates.

As of Monday, October 12, 2026, the Indian rupee opened at 95.76 against US $1, strengthening by nearly 1% after the RBI announced measures to support the currency. The latest reported trading levels were around 95.85 per dollar. Rates fluctuate throughout the day

E-commerce deliveries across transport modes will attract a proposed 5 per cent GST without input tax credit, according to government sources. GST Council's recommendations seek to standardise tax treatment for deliveries linked to online orders and withdraw certain exemptions for goods transport agencies.

The 57th GST Council approved reforms to ease registration, expedite refunds, and simplify dispute resolution for taxpayers.

Government's proposed 0.4 per cent MDR on UPI merchant transactions above Rs 2,000, scheduled to begin from October 15, 2026, may be delayed until January 2027. The possible postponement is being considered to avoid disruption during the festive season and give banks.

Ladakh has taken a major step towards promoting commercial floriculture as Lieutenant Governor Vinai Kumar Saxena flagged off the first air consignment of 15,000 A-grade Lilium stems from Leh to national markets. Cultivated at an altitude of 10,600 feet, the flowers will be marketed in Delhi, Mumbai and Chandigarh, with the initiative aimed at creating sustainable livelihoods and new economic opportunities in the region.