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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.
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.
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.
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.
World Bank raises India's FY27 growth forecast to 7.1%
The World Bank has revised its growth forecast for India's economy in FY27, predicting a 7.1% expansion. This is 50 basis points higher than its previous estimate of 6.6%.
China's DeepSeek set to raise $12B
DeepSeek, a leading Chinese artificial intelligence (AI) company, is on the verge of raising at least 80 billion yuan ($12 billion) in its latest funding round.
Indian rupee hits 2-month low
The Indian rupee has hit its lowest level in over two months, falling to 96.43 against the US dollar on Tuesday.
OpenAI seeks $30B at $1.4 trillion valuation
OpenAI, the company behind ChatGPT, is in talks with several United Arab Emirates (UAE) investment funds. The Abu Dhabi-based MGX is one of them.
India's own civilian aircraft to be manufactured by 2028
India is gearing up to make its own civilian aircraft within the next two years, Union Civil Aviation Minister Ram Mohan Naidu announced.
This McDonald's, KFC supplier is planning $208M IPO in India
HyFun Foods, a supplier for global fast-food giants McDonald's and KFC, is planning an initial public offering (IPO) to raise up to $207.7 million.
Modi government to review ₹10,000cr ATF price stabilization scheme
The Indian government is considering a review of its aviation turbine fuel (ATF) price stabilization scheme, as per CNBC-TV18.
Indian government bonds witness decline today: What's the reason?
Indian government bonds witnessed a decline in early trading today.
China's Moonshot AI is targeting $5B IPO in 2027
Moonshot AI, a leading Chinese artificial intelligence (AI) company, has completed its final private funding round at a whopping valuation of around $50 billion.
McDonald's, KFC supplier HyFun plans ₹2,000cr IPO
HyFun Foods, a supplier for global fast-food giants like McDonald's and KFC, has announced its plans to raise up to ₹2,000 crore through an initial public offering (IPO) by late 2028.