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RBI raises CRR daily maintenance to 99% amid $133bn inflows
The Reserve Bank of India will increase the minimum daily maintenance of the cash reserve ratio from 90% to 99% starting October 16, 2026, to manage liquidity surplus.
Banks' 1 to 2 year FD rates 6.5% to 6.65%
Fixed deposits offer a secure way to earn assured returns, with interest rates varying across banks. This article provides an updated look at current rates.
Home loan rates among banks span 7.15% to 14%
Explore the current home loan interest rates offered by banks and housing finance companies, with floating rates starting as low as 7.0% and fixed rates reaching up to 14.0%.
Kay Beauty hits ₹300cr sales run rate in Q1 FY27
Kay Beauty, co-founded by Nykaa and Katrina Kaif, achieved a ₹300 crore annualised revenue run rate in Q1 FY27, marking significant growth as it expands globally.
Essencore, Syrma SGS partner to increase electronics manufacturing in India
Essencore has teamed up with Syrma SGS Technology to enhance local manufacturing in India, supporting its strategic expansion and commitment to Make-in-India initiatives.
Blue Dart Express joins India Post to reach smaller towns
Blue Dart Express and India Post have signed an MoU to expand their delivery network, combining logistics capabilities to reach more Tier III and IV towns across India.
US futures rise as tech rebound eases OpenAI revenue fears
US stock futures increased as technology shares recovered following a previous sell-off, driven by easing concerns over OpenAI's revenue and declining oil prices.
US pauses PERM program, affecting Indian IT workers' green cards
The Trump administration's suspension of the PERM programme for major Indian IT firms raises concerns about retaining experienced technology professionals in the U.S.
Moneycontrol Mutual Fund Summit 2026: Delhi spotlights 700+ passive products
Industry leaders at the summit discussed opportunities, technological impacts on investment research, and strategies to reach more investors amidst rising mutual fund inflows.
United Nations report: India captures 5.7% of greenfield investments 2020-25
India captured 5.7% of global greenfield investments from 2020 to 2025, more than doubling China's share of 2.8%, according to a UNCTAD report.
Jio plans IPO October 21 amid push into digital ecosystem
Reliance Jio is leveraging its 524 million users to expand beyond telecom into AI, cloud computing, and enterprise technology as it prepares for its upcoming IPO.
Supreme Court declines immediate clean chit for Venu Srinivasan
The Supreme Court has declined to grant relief to Venu Srinivasan in the ongoing case concerning allegations of idol theft at Chennai’s Sri Kapaleeswarar Temple.
China and EU intensify trade talks, agree company price undertakings
China and the European Union have agreed to intensify trade dialogue, with Beijing pledging to facilitate rare earth supplies to the EU amid ongoing trade tensions.
OpenAI cuts revenue forecast from $70B to $50B, investors worried
OpenAI's revenue projections fell $20 billion short, signaling weaker-than-expected demand for AI and causing significant market ripples, impacting tech stocks like Nvidia.
Bitcoin slid to $82,000 amid OpenAI revenue worries and tensions
Bitcoin fell to $82,000 due to geopolitical tensions and OpenAI revenue concerns, triggering nearly $1 billion in crypto liquidations as risk assets faced increased pressure.
Marc Benioff warns AI risks comparable to early social media
Salesforce CEO Marc Benioff warns of AI's societal risks, drawing parallels to past social media harms he likened to cigarettes.
Shriram Finance raises FD rates for deposits up to ₹10cr
Shriram Finance will increase interest rates on fixed deposits across various tenures, effective October 11, 2026, with rates rising up to 0.35 percentage points.
India to roll out critical minerals policy next month
India plans to announce a critical minerals stockpiling policy within a month, aiming to bolster strategic sectors like defence, electronics, and renewable energy.
Blockchain.com seeks CFTC approval for prediction markets, crypto derivatives
Blockchain.com has applied for CFTC licenses to offer event contracts and cryptocurrency derivatives, aiming to streamline digital asset management and trading in the U.S. market.
Lupin secures FDA approval for generic vitamin K single-dose syringe
Lupin has secured USFDA approval for its generic phytonadione injectable emulsion, used to treat bleeding disorders due to vitamin K deficiency.
Policybazaar finds 13% of customers use health EMIs, average ₹17,500
Policybazaar reports that 13% of its health insurance customers choose to pay premiums in instalments, reflecting a growing demand for flexible payment options.
Jio Platforms sets IPO price band and potential ₹10.3L/cr valuation
Jio Platforms is pricing its IPO shares between Rs 1,065 and Rs 1,119, aiming for a valuation of up to Rs 10.3 lakh crore and raising approximately Rs 30,200 crore.
Eighth Pay Commission to recommend changes for central government employees
The 8th Pay Commission, formed on November 3, 2025, is expected to submit its report by May-June 2027, potentially impacting central government employees' salaries and allowances.
India's foreign exchange reserves fall $12.95 billion to $734.60 billion
India's foreign exchange reserves decreased by $12.95 billion to $734.60 billion as of October 2, primarily due to reductions in foreign currency assets and gold reserves.
De Beers plans 100 Forevermark stores in India by 2030
De Beers plans to open 100 Forevermark stores across India by 2030, targeting top cities to capitalize on the country's rapidly growing diamond market.
Alexa veteran Rohit Prasad named Boston Dynamics CEO October 7
Rohit Prasad, an Indian-origin AI expert, formerly led Amazon's Alexa development and now serves as CEO of Boston Dynamics, focusing on integrating AI into advanced robotics.
Indian rupee ends 3-day slide at ₹96.73 per dollar
The Indian rupee appreciated by 5 paise to close at ₹96.73 against the US dollar, driven by softer crude oil prices and a weaker dollar.
Netflix reportedly to cut about 850 employees amid stock dip
Netflix is reportedly planning to cut around 850 jobs as part of a restructuring effort amid slowing audience engagement and pressure on its stock.
Airtel Money debuts on London Stock Exchange with $7B valuation
Airtel Money, the digital financial services arm operating across Africa, has made its debut on the London Stock Exchange (LSE) with a valuation of £5.3 billion (nearly $7 billion).
OpenAI, Anthropic hire former Trump officials to strengthen Washington ties
Anthropic and OpenAI are hiring former Trump administration officials to strengthen their Washington connections, as AI becomes a critical national security concern.
NVIDIA-backed data center firm cancels $5B IPO amid market volatility
Firmus, an artificial intelligence (AI) data center company backed by NVIDIA, has called off its initial public offering (IPO) plans on the Australian Securities Exchange (ASX).
Tribunal limits Chanda Kochhar's access to ICICI Bank's internal data
The Securities Appellate Tribunal (SAT) has partly accepted ICICI Bank's review plea, overturning a part of its earlier order in the case of former MD and CEO Chanda Kochhar.
IRDAI's proposed commission and management costs rules risk insurer profits
The insurance sector may experience margin pressures in the September quarter due to proposed changes in commission and expense-of-management norms by IRDAI.
Indian Sensex rebounds 879.09 points as it lifts Nifty
Indian stock markets rebounded sharply as the BSE Sensex surged 879 points and the Nifty crossed 22,500, driven by a strong rally in IT stocks.
Gold rises over 1% to $4,189.99 as dollar weakens
Gold prices rose over 1% on Friday due to cooling oil prices and a softer US dollar, making bullion more attractive for international investors.
ICICI Prudential Mutual Fund launches Nifty Pharma ETF ₹1,000 minimum
ICICI Prudential Mutual Fund's Nifty Pharma ETF NFO opens on October 12, closing on October 19, with a minimum investment of ₹1,000.
TCS 4% profit jump raises Q2 FY27 India IT expectations
Following TCS's earnings announcement, HCLTech, Tech Mahindra, and Wipro are set to release their Q2 FY27 results between October 12 and 15.
Airtel Money begins conditional LSE trading at $7 billion valuation
Airtel Money has begun conditional trading on the London Stock Exchange with a valuation of £5.3 billion ($7 billion), marking a significant milestone for the company.
Apple appoints new head for mergers and acquisitions
Apple CEO John Ternus is shaking up the company's leadership team, according to a Bloomberg report.
POP rolls out POPchop pay later for Gen Z shoppers
POP has introduced POPchop, a 'pay-in-instalments' feature, in collaboration with LazyPay, allowing eligible users to split purchases into three payments over three months.
Reliance Jio may use SpaceX rockets to launch 1,600 satellites
Jio aims to challenge Starlink with its own satellite broadband network, but may need to rely on SpaceX's launch capabilities to deploy its 1,600-satellite constellation.
GitLab to open its 1st India office in Bengaluru
GitLab, a leading provider of AI-powered software development tools, has announced plans to open its first office in India.
U.N. forecasts 2.6% growth in 2026 amid energy price shocks
Global economic growth is projected to decelerate to 2.6% in 2026, impacted by energy shocks from the Middle East crisis, according to a UN trade and development report.
Meta portrays AI data centers differently to investors and IRS
Mark Zuckerberg assures investors of Meta's AI-driven success, while the company tells the IRS its AI data centers are experimental and potentially unsuccessful.
GitLab setting up 1st India office joining US tech push
GitLab plans to open its first office in India, likely in Bengaluru, as part of its strategy to strengthen its presence in the growing developer market.
SoftBank CEO seeks $100B from Gulf investors for AI investments
Masayoshi Son, CEO of SoftBank Group, is reportedly looking to raise up to $100 billion from Gulf investors.
Zetwerk aiming to raise $525 million in IPO, targets ₹27,000cr valuation
Zetwerk Pvt., an Indian manufacturing platform, is reportedly set to launch an initial public offering next week, aiming to raise up to $525 million.
France's borrowing costs at 2002 levels amid debt, student protests
French bond yields have reached their highest level in over two decades, as rising interest payments heighten fears about the government's growing debt and financial stability.
Marathon Digital moves $81.13 million to Galaxy Digital, signaling AI shift
MARA has transferred 996 BTC to Galaxy Digital, aligning with its strategic pivot from bitcoin mining to artificial intelligence and high-performance computing infrastructure.
Meanwhile raises $37.5 million to expand bitcoin life insurance outside US.
Meanwhile, a life insurer focused on bitcoin, secured $37.5 million in a funding round led by Bain Capital Crypto as it expands internationally.
US Labor Department temporarily pauses PERM processing for tech firms
The US government has halted PERM applications for companies like Infosys and TCS, potentially delaying Green Card processes for thousands of H-1B visa holders.
Juspay revenue up 29% to ₹664cr, posts ₹90cr loss
Juspay's revenue rose 29% to Rs 664 crore in FY26, but the company reported a Rs 90 crore net loss due to accelerated AI investments.
SAP contests Delhi High Court order restoring Nayara Energy services
SAP India has approached the Delhi High Court to contest a ruling that mandates the restoration of software support services to Nayara Energy.
Airtel Business scaling to 1GW data center capacity by 2030
Airtel Business aims to scale its data centre capacity to 1 gigawatt by 2030, focusing on AI inference and GPU-as-a-service to meet growing demand.
Daron Acemoglu: AI could replace 5% of work next decade
Nobel Prize-winning economist Daron Acemoglu estimates that artificial intelligence will replace only about 5 percent of human work over the next decade.
IRDAI to cap broker and distributor commissions from early 2027
The Insurance Regulatory and Development Authority of India (IRDAI) is considering implementing insurance distribution reforms by January or April 2027 to cap commissions.
HCLTech is only Indian company on Forbes list for women
HCLTech, an Indian IT services giant, is the only Indian company to feature in Forbes' 2026 list of the World’s Top Companies For Women, securing the 40th position.
Indian markets bounce back as IT and banking lead gains
Nifty surged to 22,493.15, driven by gains in IT and consumption stocks, reversing most of Thursday's losses with a strong advance-decline ratio of 46:4.
SEBI investigates Ola Electric over orders counted as sales
Ola Electric has alerted investors to potential inaccuracies in its sales data following regulatory scrutiny over its February 2025 disclosure of 25,000 electric vehicle orders.
India gold buying slows as prices jump to ₹150,900
Gold demand in India weakened this week as domestic prices rose to ₹150,900 per 10 grams, prompting price-sensitive consumers to pause purchases.
Former Labour deputy Tom Watson accuses 'mob rule' over Palantir
Tom Watson, former Labour deputy leader and now with Palantir, warns against "mob rule" influencing UK government contract decisions, emphasizing adherence to the rule of law.
Kerala rolls out Tech Keralam and IT parks affiliation scheme
Kerala has introduced the Tech Keralam brand and IT Parks Affiliation Scheme to unify technology infrastructure and attract global investments, focusing on emerging technologies.
IIT Madras opens applications for 2-year EMBA starting January 2027
IIT Madras has commenced the application process for its Executive MBA program, designed for mid-career professionals, with registrations closing on October 26, 2026.
Apple cuts iPhone 18 Pro and Pro Max orders
Apple has reportedly asked suppliers to cut production of iPhone 18 Pro components due to concerns over demand, as rising costs impact consumer interest in the premium models.
Pimco CIO Dan Ivascyn sees US 10-Year yield hitting 6%
The US 10-year Treasury yield may reach 6% for the first time since 2000, driven by rising oil prices and persistent inflation concerns, warns Pimco's CIO.
GST Council recommends limited ITC for hotels up to ₹7,500
The GST Council has proposed limited input tax credit for hotel rooms, restaurants, and fitness services, aiming to simplify compliance and enhance operational efficiency.
TCS receives buy rating from Anand Rathi with ₹2,430 target
Anand Rathi maintains a buy rating on Tata Consultancy Services, setting a target price of Rs 2,430, citing strong Q2FY27 performance and promising medium-term growth prospects.
Maas Group Holdings falls nearly 11% after Firmus cancels IPO
Maas Group shares fell nearly 11% after Firmus, backed by Nvidia, canceled its $5 billion IPO, raising concerns about the value of Maas's investment in the data-centre operator.
Nomura keeps buy on Alibaba $178 target, expects EBITA beat
Nomura maintains its 'Buy' rating on Alibaba, with a $178 target price, as robust AI cloud growth offsets challenges in ecommerce earnings.
Mirae Asset links 24.6% gold slide to rising US yield
Gold prices have fallen 24.6% from their 2026 peak, driven by rising US Treasury yields and monetary tightening expectations, according to Mirae Asset Mutual Fund.
SpaceX buys spectrum to make Starlink major US mobile carrier
SpaceX has announced a major development in its telecommunications strategy.
Tata Communications described Factory 360 AI at India Mobile Congress
Tata Communications’ Praveen Arora highlights how AI integrates data from sensors and systems to identify bottlenecks, enhancing factory efficiency and preventing production halts.
TCS to hire 15,000 people in US despite green-card curbs
Tata Consultancy Services (TCS) has announced its plan to hire 15,000 people in the US over the next five years to further strengthen its local workforce.
Sensex 72,447.61 up 854, Nifty 22,515.95 up 284, over ₹3L/cr
Sensex surged over 850 points and Nifty reached 22,515 as easing oil prices, positive IT sector performance, and geopolitical developments improved investor sentiment on October 9.
Why are markets rallying despite US green-card restrictions?
The Indian stock market witnessed a major recovery on Friday, with the BSE Sensex jumping over 800 points and the Nifty nearing the 22,500 mark.
JSW MG Motor India selects 8 startups for developer program
JSW MG Motor India selected eight startups, including Nayan Technologies, Cautio, and Fitsol, to pilot AI and EV technologies as part of its MG Developer Program Season 6.0.
Colgate-Palmolive India shares jump 8% after GST credits proposal
Colgate-Palmolive India's shares rose over 7% after the GST Council recommended expanding input tax credit eligibility, easing business expenditures and reducing cascading taxes.
IRDAI may cap insurance commissions to lower costs for policyholders
The Insurance Regulatory and Development Authority of India (IRDAI) is planning to implement major reforms in insurance distribution.
Fujitsu's 1Finity to expand in India amid AI boom
Fujitsu's subsidiary, 1Finity, aims to expand in India, driven by increasing demand for optical networks due to AI and data centre growth.
Sensex jumps over 800 points after US suspends IT firms
The Sensex surged over 800 points as investors bought beaten-down stocks, driven by IT sector gains despite US green-card restrictions impacting major technology companies.
Airtel Money aims for £529 million London IPO October 9
Airtel Money aims to raise $700 million in a major London IPO, marking the city's largest offering in five years, with shares priced at £1.96 each.
PC Jeweller debt free with 14 PSU banks stock ₹14.72
PC Jeweller's share price has surged by 55% year-to-date, driven by its strategic debt repayment and recent bullish momentum in the stock market.
WazirX posts 236% rise in futures volume July to September
WazirX's futures trading volume increased by 236% in Q3, driven by expanded derivatives offerings and the introduction of AI-powered trading tools.
Motilal Oswal sets ₹510 target, Delhivery posts 55% volume jump
Motilal Oswal recommends a buy rating for Delhivery, setting a target price of Rs 510, driven by robust growth in its Express segment and diversified customer base.
Motilal Oswal maintains buy on TCS at ₹2,400, $7.6B Q2
Motilal Oswal maintains a bullish stance on TCS, recommending a buy with a target price of Rs 2400, citing strong growth in key sectors despite some regional declines.
Acme India Industries opens at ₹221, 12.76% above IPO price
Acme India Industries shares listed at a 12.76% premium over the IPO price on the BSE SME platform, opening at Rs 221 per share against an issue price of Rs 196.
Paytm and MobiKwik rise as NPCI weighs UPI MDR delay
Paytm and MobiKwik shares increased over 2% as investors anticipate NPCI's decision on deferring UPI MDR charges, while Pine Labs experienced a decline.
Bitcoin dips to $81,561 amid higher real yields, U.S.-Iran tensions
Bitcoin's price dropped to $81,561 due to $487 million in ETF outflows, with heightened selling pressure and macroeconomic factors contributing to the decline.
Indian markets up nearly 0.5% as TCS jumps after earnings
The Sensex climbed 600 points, and the Nifty surpassed 22,400, driven by strong buying in IT shares and a technical rebound from oversold conditions.
TCS posts 5th straight quarter international growth with AI contribution
Tata Consultancy Services (TCS) is optimistic about international growth, with new AI projects expected to counteract contract deflation and drive positive business outcomes.
Hexaware shares jump more than 10.20% after multi-year Anthropic partnership
Hexaware Technologies shares jumped over 10.20% after announcing a multi-year partnership with Anthropic to expand the adoption of Claude AI models among enterprise clients.
Flock Safety to cut 18% of workforce amid surveillance backlash
Flock Safety, a leading provider of AI-powered surveillance cameras and license-plate readers, is planning to lay off around 18% of its workforce, according to Reuters.
Indian rupee opens 96.78 per USD, RBI sets 5.5% rate
The Indian rupee opened steady at 96.78 against the US dollar, as RBI intervention helped limit losses amid ongoing market pressures.
India's RDI 1L/cr fund to pick over a dozen VCs
The Rs 1 lakh crore RDI Fund is set to shortlist over a dozen venture capital firms by the end of October, according to NITI Aayog member Abhay Karandikar.
PNB to raise $500m-$1bn via 1st U.S.-dollar 5-year bonds
Punjab National Bank plans to raise at least $500 million through a 5-year bond issue, leveraging the Reserve Bank of India's discounted swap window for cost-effective fundraising.
Daron Acemoglu warns AI could triple unemployment within 10 years
Nobel economist Daron Acemoglu warns that rapid AI adoption could triple unemployment within a decade, threatening wages, taxes, and consumer spending as entry-level jobs diminish.
Southwest Airlines considers Boeing 787 for long haul international flights
Southwest Airlines is evaluating the Boeing 787 Dreamliner for potential long-haul international routes, marking a shift from its all-Boeing 737 fleet.
Nikkei 225 down 1.06% after OpenAI revenue miss, investors wary
Japan's Nikkei 225 dropped 1.06% due to AI-sector worries and global borrowing cost pressures, with rising oil prices further impacting investor sentiment, according to Reuters.
Why OpenAI's annualized revenue is $20B lower than previously reported
OpenAI's annualized revenue has been revised to $50 billion, a figure that is about $20 billion lower than previously reported.
Bitcoin climbs to $82,000 after Trump says no Iran strike
Bitcoin surged to $82,000 after President Trump announced no U.S. attack on Iran before midterms, easing geopolitical tensions and reversing Thursday's crypto market losses.
Trump suspends Microsoft, Adobe from green card program
The Trump administration has suspended tech giants Microsoft and Adobe, along with others from a program that facilitates permanent residency for skilled foreign workers in the US.
Oil prices slide after President Trump said Iran talks productive
Brent crude futures fell 0.7% to $103.53 a barrel after President Trump announced no immediate military action against Iran, easing concerns over Middle East supply disruptions.
GST Council recommends simplified registrations and faster automated approvals
India's GST Council introduces reforms to simplify multi-state registrations, reducing compliance barriers and fostering growth for MSMEs and e-commerce sellers across the nation.
Gold rises as dollar weakens and US Treasury yields fall
Gold prices increased as a softer US dollar and easing Treasury yields enhanced bullion's appeal, while traders assessed Federal Reserve rate prospects.
OpenAI projects $70B revenue by 2026, seeks over $30B funding
OpenAI anticipates reaching $70 billion in annualized revenue by the end of 2026, up from $50 billion in September, driven by its expanding enterprise business.
India rice export prices near 1-year high amid poor rainfall
Indian rice export prices remain near a one-year high as the rupee's depreciation offsets rising paddy costs, with supply concerns due to below-normal rainfall.
Indian companies pull record $12.5B from IPOs as fundraising drops
Indian companies raised a record $12.5 billion through IPOs in the first nine months of 2026, even as the Nifty 50 index fell by about 14 percent.
Flock Safety cutting about 270 jobs amid buyout and backlash
Flock Safety plans to lay off about 18% of its workforce, affecting roughly 270 employees, amid growing opposition and scrutiny over its AI-powered surveillance products.
GIFT Nifty jumps 125 points suggesting positive market start
The GIFT Nifty climbed 125 points to 22,380, indicating a positive opening for Indian markets despite recent sell-offs and ongoing macroeconomic concerns.
Colaba travel agency owner loses ₹4.92cr to WhatsApp trading scam
A 56-year-old travel agency owner from Colaba lost ₹4.92 crore in an online share-trading scam after initially withdrawing ₹2.97 lakh in purported profits to gain his trust.
India IT enters 4th year of slow growth before earnings
India's IT sector faces a fourth consecutive year of weak growth due to geopolitical tensions and AI disruptions, with cautious client spending impacting revenue forecasts.
Raytheon lands up to $6.3B US military SM-3 interceptor contract
Raytheon has won a multi-year US military contract worth up to $6.3 billion to produce and sustain Standard Missile-3 Block IB interceptors, enhancing missile defense capabilities.
Walmart pours billions into automating US warehouses with robots
Walmart's decade-long automation effort faces technical hurdles and high costs as it seeks to replace warehouse workers with robots in its supply-chain operations.
Japan's household spending falls for 9th month, down 3.1% year-on-year
Japan's household spending dropped for the ninth consecutive month in August, despite rising wages, as inflation continued to erode purchasing power and dampen consumer demand.
European industry groups urge EU to challenge Chinese trade practices
Forty-four European industry associations are urging the EU to combat unfair Chinese trade practices, warning of threats to European manufacturing and potential job losses.
Fusion CX opens IPO October 14 seeking ₹702 cr
Fusion CX has set its IPO price band at ₹275-₹289 per share, with the public issue opening on October 14 and closing on October 16.
Indian AI-native startups log 167% annual revenue growth, outpacing peers
India's AI-native startup ecosystem is experiencing rapid growth due to decreasing AI model costs and enhanced infrastructure, according to AWS's Jason Bennett.
Asian stocks slip as AI spending doubts follow Wall Street
Asian equities fell on Friday following Wall Street's sell-off due to doubts over AI spending sustainability, with the MSCI Asia Pacific index slipping 0.1% in early trade.
Meta blocks all ByteDance ads including 3rd-party TikTok-linked ads
Meta has implemented an immediate ban on ByteDance advertisements, including TikTok, across its platforms in the US and several other countries, intensifying their ongoing rivalry.
Jane Street rebuts SEBI manipulative trading accusations, says funds deposited
Jane Street has contested SEBI's claims of manipulative trading, arguing that the regulator altered its criteria post facto and questioning the focus on large trade volumes.
Sudarshan Venu and sister Lakshmi disagree over TVS family agreement
A succession battle has erupted within the Srinivasan family, with disputes over a family MoU and business division between Venu and Mallika's children.
SEBI considers allowing individual mutual fund distributors to become RIAs
Sebi is evaluating whether individual mutual fund distributors should be allowed to hold registered investment advisor licences, potentially expanding their advisory roles.
Tim Cook hands Apple CEO role to John Ternus
Tim Cook, now Apple's executive chairman, emphasizes his non-interference in new CEO John Ternus' work, focusing instead on global policy and government relations.
USA Today Co. sues OpenAI, local papers seek over $250 million
USA Today Co. is suing OpenAI for over $250 million, alleging unauthorized use of its articles to train AI models, joining other publishers in similar copyright lawsuits.
Microsoft suspended from PERM program, denies wrongdoing over H-1B filings
Microsoft refuted allegations of H-1B visa system abuse, stating that 80% of its 6,000 applications last fiscal year were for existing employees, not new hires.
Microsoft suspended from US green card program amid misuse claims
Microsoft has defended its use of H-1B visas, stating that 80% of applications were for existing employees, following the US suspension of its green card filings.
Apple moves M&A under finance and names Steve Smith
Apple is reorganizing its leadership, with Steve Smith replacing Adrian Perica as the head of Mergers and Acquisitions, aiming for a more streamlined structure.
India revises GST rules to count contract manufacturing as exports
Treating contract manufacturing as exports under GST reforms could enhance India's attractiveness for supply-chain shifts, unlocking working capital and supporting investment.
Big tech pushes India renewable capacity to double by 2030
Google, Amazon, Meta, and Apple are significantly boosting India's renewable energy sector as their data center expansions increase the demand for clean electricity.
Jeff Bezos becomes 2nd richest after $140B Blue Origin valuation
Jeff Bezos' wealth surged to $368.5 billion after Blue Origin's valuation hit $140 billion, placing him as the world's second-richest person behind Elon Musk.
OpenAI reports annualized revenue near $50B excluding cloud partner sales
OpenAI's annualized revenue is reportedly $20 billion less than initially projected, now approaching $50 billion instead of the previously estimated $70 billion.
Lumio raises $12 million led by Blume Ventures, posts ₹100cr GMV
Lumio, a consumer electronics brand, has raised $12 million in a Series A round led by Blume Ventures to enhance its smart TV, projector, and speaker offerings.
GST Council proposes quarterly GST for ₹5cr consumer-facing firms
The GST Council has approved a concept note for an optional quarterly tax payment scheme, targeting small businesses with an annual turnover of up to ₹5 crore.
OpenAI's $50B run rate rattles AI stocks and investors
Shares of Nvidia, Oracle, CoreWeave, and other AI companies fell after OpenAI reported lower-than-expected annualized revenue of $50 billion, sparking investor concerns.
GST Council's new goods rules: Who can stop, check consignments?
The Goods and Services Tax (GST) Council has proposed stricter regulations for the inspection of goods in transit.
GST officers can no longer arrest taxpayers
The Goods and Services Tax (GST) Council has decided to revoke the arrest powers of GST officers. The decision was taken during a meeting on Thursday.
GST process reforms to be implemented from April 2027: FM
Union Finance Minister Nirmala Sitharaman has announced that all process reforms approved by the Goods and Services Tax (GST) Council on October 8 will come into effect from April 1, 2027.
GST Council limits rate changes to once a year
The Goods and Services Tax (GST) Council will now consider tax rate changes only once a year, Finance Minister Nirmala Sitharaman announced on Thursday.
GST Council approves reforms for registration, returns, refunds, and enforcement
The 57th Goods and Services Tax (GST) Council has approved a series of process reforms aimed at simplifying registration, returns, refunds, and enforcement.
OpenAI hires another SpaceX executive to lead sales
OpenAI has appointed Ismail Elmas to lead sales across Europe, the Middle East, and Africa as a vice president. The move comes as part of a broader strategy to strengthen its presence in these regions.
Musk lost $21B in hours: What hit his trillion-dollar fortune?
Elon Musk, the world's richest trillionaire, saw his net worth plummet by over $21 billion on Wednesday.
Tencent considers $5B bond sale to fund AI spending
Chinese tech giant Tencent is considering raising up to $5 billion through an offshore bond sale, Bloomberg reported.
Nifty hits 52-week low, Sensex crashes over 1,000 points
The Indian stock market witnessed a major downturn today, with the Nifty 50 index hitting its lowest point in 2026.
TCS Q2 profit rises 4% to ₹13,884 crore
Tata Consultancy Services (TCS), India's leading IT services firm, has reported a 4% sequential rise in its consolidated net profit for the second quarter of FY27.
Paytm, MobiKwik shares fall amid potential UPI MDR postponement
Shares of One97 Communications (Paytm's parent company) and One MobiKwik Systems fell sharply on Thursday, amid uncertainty over the potential postponement of the UPI Merchant Discount Rate (MDR).
Jio building indigenous satellite technology for India: Akash Ambani
Reliance Jio is working on an indigenous satellite technology stack and has filed patents for the same.
Air India to offer physical SIM, eSIM to international travelers
Air India has launched a new service called EasyRoam, specially designed for international travelers.
HDFC's Bagchi to become India's highest-paid bank CEO at ₹35.9cr
HDFC Bank has proposed an annual remuneration package of up to ₹35.9 crore for its incoming MD and CEO, Anup Bagchi.
US 30-year yield hits 24-year high
The US 30-year Treasury bond yield has hit its highest level in nearly a quarter of a century. The benchmark long-term yield touched 5.7041%, the highest level in 24 years.
JioHotstar brings Indian shows and films to Middle East
JioHotstar is expanding its global presence by partnering with STARZPLAY, a leading regional streaming platform.
Manus raises over $500M in 1st funding round post-Meta split
Manus, a leading artificial intelligence (AI) start-up, has raised over $500 million in its first funding round since its split from Meta Platforms.
Sensex falls nearly 800 points: What's behind today's decline?
India's benchmark indices, the Sensex and Nifty, witnessed a sharp decline on Thursday.
Samsung Q3 profit seen surging 782% to record $80B
Samsung Electronics has projected a staggering nine-fold increase in its quarterly profit year-on-year.
India rejects Musk's 'oligarchs' allegation over Starlink hurdles
The Indian government has refuted SpaceX CEO Elon Musk's allegations that "certain oligarchs" are hindering the launch of his satellite internet company, Starlink, in India.
Amazon cuts nearly 1,000 jobs, mainly in retail
Amazon has confirmed a fresh round of job cuts, mainly in its Stores unit that runs the main e-commerce website.
How InMobi is using AI to transform India's tourism
InMobi, a leading technology company and India's first unicorn, has announced its plan to leverage artificial intelligence (AI) to promote tourism in India.
Blue Origin could go public in coming years: Jeff Bezos
Jeff Bezos, the billionaire founder of Blue Origin, has hinted that the space company may go public in the coming years.
Larry Ellison's son invests $17B in Paramount-Warner Bros. merger
David Ellison, the son of Oracle co-founder Larry Ellison, has invested some $17 billion to help Paramount acquire Warner Bros. Discovery Inc.
What RBI's 'calibrated tightening' stance means
The Reserve Bank of India (RBI) has raised its key repo rate by 25 basis points to 5.5%.
Indian rupee slips to ₹96.78 as RBI turns more hawkish
The Indian rupee has weakened against the US dollar, closing at a five-month low of ₹96.78 per dollar. This is down from its previous close of 96.43 per dollar.
Jio IPO could trigger re-rating for Reliance
The proposed IPO of Jio Platforms could significantly benefit Reliance Industries Ltd (RIL), says Motilal Oswal Financial Services.
India's Venezuelan oil imports to hit 7-year high this October
India is set to boost its Venezuelan oil imports this month, with shipments expected to touch about 465,000 barrels a day. This would be the highest level since December 2019.
India's forex reserves drop for 4th consecutive week to $734.6B
India's foreign exchange reserves have witnessed a decline for the fourth consecutive week, now standing at $734.6 billion.
RBI hikes repo rate: What it means for your loans
The Reserve Bank of India's (RBI) decision to raise the repo rate by 25 basis points to 5.5% has a major impact on borrowers and savers.
Airtel's postpaid plans now offer free international roaming
Airtel has introduced a range of new postpaid plans, starting at ₹499. The highlight of these plans is the inclusion of one free international roaming trip per SIM every year.
RBI raises FY27 inflation forecast to 5.2%
The Reserve Bank of India (RBI) has revised its Consumer Price Index (CPI) inflation forecast for the fiscal year 2026-27 to 5.2%. This is an increase from the earlier estimate of 5%.
This Urban Company rival lets you set the price
DUTIBOOK is a Gurugram-based home services app that gives users more control over how they book and pay for everyday services.
Paramount and Warner merge to create new media giant Skydance
The merger between Paramount and Warner Bros. Discovery has been completed today, creating a new entertainment giant called Skydance.
Starlink data of Indian users will stay within the country
Elon Musk's satellite communication company Starlink has announced the establishment of 20 gateway sites in India.
Meet Amit Kumar, interim India head of Google Cloud
Google Cloud has appointed Amit Kumar as the interim head of its India operations.
ESOP crisis: Flipkart's former executives seek 'fair treatment' from Walmart
Over 30,000 current and former Flipkart employees are collectively owed around $4 billion (₹38,000 crore) in employee stock option (ESOP) buybacks that Walmart has yet to process.
RBI to include bank deposits in consolidated account statements
The Reserve Bank of India (RBI) is working to expand the scope of its Consolidated Account Statement (CAS).
Uber has acquired a catering business for $2.3B
Uber has announced the acquisition of leading US catering platform ezCater, in a deal worth $2.3 billion.
RBI greenlights interoperability between account aggregators: How it helps you
The Reserve Bank of India (RBI) has announced a major step toward simplifying the sharing of financial information among consumers.
RBI raises FY27 growth forecast to 7.1% from 6.7%
The Reserve Bank of India (RBI) has revised its real GDP growth projection for the fiscal year 2026-27 (FY27) from 6.7% to a higher 7.1%.
Alexa architect Rohit Prasad named CEO of Boston Dynamics
Boston Dynamics, the robotics arm of Hyundai Motor Group, has announced the appointment of Rohit Prasad as its new Chief Executive Officer (CEO).
RBI hikes repo rate to 5.5%, first increase since 2023
The Reserve Bank of India (RBI) has hiked its key repo rate by 25 basis points to 5.50%.
Why NYT thinks Tukaram Mundhe is a 'rockstar'
Maharashtra Food and Drug Administration (FDA) Commissioner Tukaram Mundhe has been hailed as a "rockstar" by The New York Times.
Meesho's creator-led commerce grows 152% in 12 months
E-commerce platform Meesho has witnessed a massive 152% year-on-year growth in its content commerce business.
Storage, warehousing of seeds might soon be exempt from GST
The Goods and Services Tax (GST) Council is likely to exempt storage and warehousing of sowing seeds from GST in its next meeting on October 8, as per Moneycontrol.
Union Cabinet clears ₹10,000cr fund to help SMEs grow
The Union Cabinet has approved a massive ₹10,000 crore SME Growth Fund.
You might be able to make UPI payments in Zimbabwe
Zimbabwe is considering the adoption of India's Unified Payments Interface (UPI) technology to build a real-time national payments network.
India might buy more crude oil, critical minerals from Ecuador
Ecuador is in talks with India to increase the supply of crude oil, copper, and critical minerals.