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Tata Sons chairman Natarajan Chandrasekaran says semiconductors key for India
India's semiconductor industry expansion hinges on effective demand assessment and management, according to Tata Sons Chairman Natarajan Chandrasekaran.
Indian fintechs raised $2.2B through September 2026, up 14%
Indian fintech companies raised USD 2.2 billion from January to September 2026, marking a 14% increase, despite a 41% drop in the number of funding rounds, according to Tracxn.
Sensex falls 250 points as more stocks decline midmorning Tuesday
Sensex fell 250 points from the day's high, while Nifty hovered near 22,500 due to profit booking, elevated crude prices, and higher-than-expected CPI inflation.
US and European regulators scrutinize banks' AI over stability fears
Banking regulators are intensifying their focus on AI risks, with concerns over potential cyberattacks and the impact of autonomous systems on financial stability, sources say.
Rupee jumps to 94.96 against US dollar after Monday surge
The rupee continued its upward trend, reaching 94.96 against the US dollar, as the Reserve Bank of India implemented tighter foreign exchange rules to curb speculation.
Indian markets rally despite 5.54% retail inflation in September
Nifty surged 170 points, driven by gains in technology stocks, while South Korea's KOSPI plummeted 6.5% amid global semiconductor concerns and rising inflation pressures.
India and European Commission agree continued cooperation on carbon markets
India and the European Commission held discussions on carbon pricing mechanisms and MRV systems, focusing on cooperation in carbon markets and CBAM methodologies.
Sensex jumps over 650 points as Nifty crosses 22,550
Sensex surged over 650 points and Nifty climbed above 22,550 due to a rally in IT stocks and a strengthening rupee, boosting investor sentiment despite global uncertainties.
HCLTech stock up 4.7% after Q2 results, lifts FY27 guidance
HCLTech shares rose 5% following Q2 results that exceeded margin expectations, prompting EPS upgrades and boosting other Indian IT stocks in the market.
Ex OpenAI Shyamal Hitesh Anadkat seeks $15 million for Empirical Machines
Shyamal Hitesh Anadkat, formerly of OpenAI, is negotiating a $15 million funding round for his new venture, Empirical Machines, with Peak XV Partners and Bessemer Venture Partners.
Jio Platforms IPO sees ₹170-180 gray market premium signaling 15-16%
Reliance Jio Platforms' upcoming IPO is generating significant investor interest, with grey market premiums indicating a potential 15-16% rise over the anticipated price range.
Indian stocks rise as Sensex jumps 561.62 points to 72,486.30
Sensex rose by 561.62 points, reaching 72,486.30, while Nifty reclaimed 22,538.65 on October 13 due to value buying and reduced market volatility.
Silvana Tenreyro says AI bolsters global trade for China, India
The IMF reports that strong demand for AI has significantly accelerated growth in global trade, particularly benefiting China, India, and other Asian countries.
CFTC proposes clearer US digital asset rules to protect investors
The proposed CFTC regulations could set a global standard for digital asset oversight, driving institutional adoption and innovation while ensuring investor protection.
Swarovski credits rising self purchases for India market growth
Swarovski experiences significant growth in India as self-purchases increase, with the market evolving from a gifting focus to a balanced mix of personal and gift buying.
Rupee gains after RBI intervention to 95.17 against US dollar
The Indian rupee appreciated 60 paise to 95.17 against the US dollar after the RBI announced measures to curb dollar demand and tighten derivative rules.
Indian Sensex climbs 312.17 points and Nifty gains 74.30 points
The Sensex rose over 300 points, while the Nifty opened above 22,400, driven by gains in IT stocks. HCL Technologies and TCS were among the top gainers.
Canada sends nearly 300 to India pushing for CEPA deal
Canada is sending its largest trade delegation to India in over 30 years, focusing on sectors like aerospace and clean energy as CEPA negotiations progress.
WTO model: FTAs could add $140 billion to India's GDP
India's expanding free-trade agreements, driven by PM Modi's strategy, could boost GDP by $140 billion by 2035, as estimated using a World Trade Organization-based model.
South Korea's KOSPI plunges 7% after Broadcom CEO AI warning
A global semiconductor stock decline led to a 7% drop in South Korea's equity benchmark, fueled by AI concerns and Chinese competition. Samsung and SK Hynix shares fell over 8%.
IMF warns 110 banks would hold 22% global banking assets
The IMF's stress test reveals an increase in weak banks, with 22% of global banking assets at risk due to AI challenges and economic pressures.
NTT Data Group and Anthropic nearing Osaka data center deal
Japan's NTT Data Group is nearing an agreement to construct a data centre in Osaka for US AI firm Anthropic, with costs potentially reaching 1 trillion yen, according to Nikkei.
IMF warns AI stock crash could threaten global financial stability
The IMF warns that inflated valuations and rising debt in the AI sector pose a significant risk to global financial stability, potentially triggering widespread market turmoil.
Tencent could raise $4.5 billion via bond sale for AI
Tencent Holdings is raising at least $4.5 billion through US dollar and offshore yuan bonds to fund increased AI investments, with significant interest from joint lead managers.
BMW HR portal crashes as 40,000 employees check severance offers
BMW's internal HR portal crashed due to high traffic after granting access to over 40,000 employees for its voluntary severance programme, causing frustration among staff.
IMF raises India's GDP outlook to 7% for 2026-27, 2027-28
The IMF projects India's GDP growth at 7% for 2026-27 and 2027-28, driven by strong domestic demand and robust services.
Narnolia's Shailendra Kumar warns US 10-year Treasury may hit 6%
Shailendra Kumar, CIO at Narnolia Financial Services, anticipates the 10-year US Treasury yield could approach 6% as inflation expectations rise.
IMF cuts 2026 forecast, Middle East, Central Asia shrink 0.3%
The IMF has significantly reduced its 2026 growth forecasts for the Middle East and Central Asia, citing economic disruptions from the ongoing war and Strait of Hormuz closure.
Brent crude eases to $106.04, WTI $93.27, gold near $4,160
Oil prices dipped following a previous surge, while gold remained pressured by inflation concerns amid escalating Middle East tensions impacting energy supply.
Zoho founder Sridhar Vembu pauses raises and trims marketing budget
Zoho founder Sridhar Vembu announced that AI has quadrupled server costs, leading to a pause in annual salary increases and a reduced marketing budget.
IMF raises 2026 growth outlook to 3.1% citing AI investments
The IMF has revised its 2026 global growth forecast to 3.1%, up from July's estimate, as AI investment offsets the impact of rising energy costs and geopolitical tensions.
Oil at Brent $105.60 WTI $92.84 amid Russian diesel debate
Oil prices hovered around $105 as President Trump temporarily eased US sanctions on Russian fuel, potentially alleviating global supply concerns amid ongoing Middle East tensions.
IMF warns oil reserves and government debt threaten global economy
The IMF cautions that depleted emergency oil stocks and high global debt levels could soon challenge the global economy's resilience.
IMF raises India FY27 growth forecast from 6.4% to 7%
The IMF has increased India's FY27 growth projection to 7% from 6.4%, attributing the upgrade to resilient domestic demand and robust services activity despite global challenges.
IMF forecasts India's 2026-27 fiscal year growth at 7%
The International Monetary Fund has increased India's FY27 growth projection to 7%, citing resilient domestic demand and robust services activity as key drivers.
Asian stocks slide as investors pull back from AI shares
Asian equities declined on October 13, led by significant drops in South Korea's Kospi and Japan's Nikkei, as investors reacted to fresh selling in artificial intelligence stocks.
SBI Mutual Fund launches ETF tracking BSE India Defence Index
SBI Mutual Fund introduces an ETF tracking the BSE India Defence Index, with the new fund offer open for subscription from October 13 to October 19.
FSSAI preparing rules requiring dates batch numbers on delivery apps
India's Food Safety and Standards Authority (FSSAI) is intensifying regulations on e-commerce platforms, targeting unsafe practices in the $80 billion online retail sector.
MSCI Asia Pacific ex-Japan falls 2% on Middle East tensions
Asian equities plunged, led by technology shares, as Middle East conflicts elevated oil prices and investors braced for the upcoming earnings season.
Airtel Money London listing closes 6% below IPO price
Airtel Money's shares fell 6% below their IPO price on the London Stock Exchange, reflecting challenges in the UK's IPO market amid global volatility and rising interest rates.
RBI curbs speculation and hikes cash reserve for rupee hedges
The Reserve Bank of India has restricted overseas clients to using rupee non-deliverable derivative contracts solely for hedging and expanded a 20% cash reserve requirement.
AI companies face compressed valuations despite analysts' expected earnings growth
AI stocks face intense scrutiny this earnings season as valuation declines and high yields challenge their growth prospects, demanding strong results to justify premium valuations.
Zoho's Sridhar Vembu tells staff no pay hikes this year
Zoho founder Sridhar Vembu announced no salary increases due to rising AI expenses and server costs, apologizing for the decision amid an uncertain software industry outlook.
Crude oil spike and Iran-aligned Houthis push Sensex, Nifty lower
Indian equities declined on Monday as a surge in crude oil prices, following attacks on Saudi Arabia, erased early gains and led to significant foreign investor selling.
DHL to open 1st-ever semiconductor logistics hub in Dholera ₹50Cr
DHL plans to establish its first dedicated semiconductor warehouse in India, joining NX Group's efforts to enhance semiconductor logistics infrastructure.
Sarvam in talks for $250-300 million to hit $3B valuation
Sarvam, an AI model startup specializing in Indian languages, is negotiating a $250-300 million funding round, potentially doubling its valuation to $3 billion.
Tonbo Imaging launches IPO to raise ₹852cr, existing shareholders selling
Tonbo Imaging India has announced a price band of ₹665-700 per share for its ₹852 crore IPO, aiming for a valuation of approximately ₹4,010 crore.
Elon Musk becomes top US midterm donor with $366 million
Elon Musk has contributed $276 million to right-wing groups for the US midterm elections, becoming the largest single donor after reconciling with former President Trump.
Houthi attacks Saudi airport push WTI near $93 Brent $107
Oil prices remain elevated as escalating Middle East tensions threaten supply, while doubts persist over Trump's claimed "energy ceasefire" between Russia and Ukraine.
HCLTech Q2 revenue rises 2.2% to $3.7 billion, margins up
HCLTech's Q2 dollar revenue increased by 2.2% year-on-year to $3.7 billion, while the company narrowed its FY27 revenue growth guidance amid a volatile business environment.
India to cap cancer medicine margins at 30% saving ₹2,500cr
An expert group is set to finalise the list of cancer medicines for a 30% trade margin cap, potentially saving patients ₹2,500 crore annually by reducing drug prices.
India's Power Ministry seeks Cabinet extension of PSDF through 2031
The power ministry seeks Cabinet approval to continue the Power System Development Fund from FY27-FY31, with ₹1,103 crore earmarked in the union budget for FY27.
Old Monk pulled from Maharashtra after FSSAI orders 'rum-like' label
Old Monk's sales in Maharashtra are halted, causing Rs 500 crore losses, as FSSAI demands a label change from "rum" to "rum-like."
Fitch Solutions's BMI raises India's 2026-27 growth forecast to 7.5%
BMI, a unit of Fitch Solutions, increased India's 2026-27 growth forecast to 7.5% due to strong momentum and AI investments, despite risks from oil prices and El Nino disruptions.
IKEA to quadruple India revenue by 2030, invest ₹21,000 cr
IKEA plans to quadruple its revenue in India by 2030, expanding its store network from eight to thirty locations and doubling investments to Rs 21,000 crore.
India attracted $351 billion FDI 2021-2025, more than double China
India attracted $351 billion in greenfield FDI from 2021-25, more than doubling China's $159 billion during the same period, according to Boston Consulting Group.
FSSAI moves to require manufacturing, expiry and batch details online
FSSAI is considering new regulations for ecommerce platforms, aiming to ensure consumers have access to manufacturing and expiry details of products before purchase.
JPMorgan, Goldman Sachs underwrite $1.3B of $5B Volta Infrastructure loan
JPMorgan Chase and Goldman Sachs are limiting their exposure on a $5 billion loan for AI startup Volta Infrastructure, as investors demand higher yields for risky AI-related debt.
Microsoft plans Azure Maia expansion while Meta launches Muse Wonder
Microsoft's Azure Maia expansion impacts Nvidia shares, Micron announces a $33 billion buyback plan, and Meta's new AI model showcases its investment in Scale AI.
IRDAI may offer insurers limited transition before commission caps
The Insurance Regulatory and Development Authority of India (IRDAI) is considering a reasonable transition period for implementing proposed caps on insurance commissions.
HD Fire Protect secures ₹213.11 cr from anchor investors
HD Fire Protect Ltd raised ₹213.11 crore from anchor investors before its ₹712-crore IPO, with shares allotted at the upper price band of ₹271 each.
PepsiCo cannot label new bottles of Sting as 'energy drink'
The Delhi High Court has refused to grant immediate relief to PepsiCo in its dispute over the labeling of new Sting stocks as "energy drinks."
India to get preferential-access to markets worth $85T: Piyush Goyal
India will soon gain preferential access to markets with a combined GDP of $85 trillion, Commerce and Industry Minister Piyush Goyal has announced.
AI could help solve Asia's aging problem, says IMF
The International Monetary Fund (IMF) has said that artificial intelligence (AI) could help solve the problem of an aging population in Asia.
India facing a power crisis as coal supplies dwindle
India is facing a major power crisis due to dwindling coal supplies and extreme weather conditions.
I-T department uncovers over ₹25,000cr tax evasion by restaurants
The Income Tax (I-T) Department has uncovered massive tax evasion by thousands of restaurants in India. The suspected tax evasion amounts to over ₹25,000 crore.
Jio Platforms's IPO: Who are the shareholders
Jio Platforms, the digital services subsidiary of Reliance Industries Ltd (RIL), is gearing up for an initial public offering (IPO) that could raise around ₹37,700 crore ($3.8 billion to $4 billion).
TSMC set to post sixth straight quarter of record earnings
Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest advanced artificial intelligence (AI) chipmaker, is set to announce its sixth consecutive quarter of record earnings.
Sunil Bharti Mittal to receive France's highest civilian honor
Sunil Bharti Mittal, the founder and chairman of Bharti Enterprises, has been named a Chevalier de l'Ordre national de la Legion d'Honneur (Knight of the National Order of the Legion of Honour) by French President Emmanuel Macron.
Carlsberg's $700M IPO at risk as brewery ordered to shut
Carlsberg India's Alwar brewery has been ordered to shut down by the Rajasthan State Pollution Control Board (RSPCB) after breaching pollution limits.
Indian rupee may recover to 94 against dollar soon
R. Govindan, Senior VP of Finance and Chief Risk Officer at Larsen & Toubro (L&T), has predicted that the Indian rupee will recover toward ₹94 against the US dollar in the near term.
TCS wants 80% of new employees to have AI skills
Tata Consultancy Services (TCS) plans to hire 80% of its new employees with digital and artificial intelligence (AI) skills.
Indian government bond yields hit 3-year high: What's the reason?
The yield on India's benchmark 10-year government bond has hit a three-year high, reflecting a significant market shift.
₹45,000cr gone in 6 sessions: Why FIIs are fleeing India
Foreign institutional investors (FIIs) have offloaded Indian equities worth over ₹45,000 crore in just six trading sessions in October.
Zetwerk's ₹5,012cr IPO opens on October 15
Bengaluru-based manufacturing platform Zetwerk will launch its initial public offering (IPO) on October 15.
India's festive e-commerce sales fall 10% as electronics get costlier
India's festive season has started on a subdued note this year, with e-commerce sales witnessing a major decline.
Microsoft longtime VP retires to care for parents in India
Microsoft's Vice President of Engineering, Kesavan Shanmugam, has announced his retirement after a storied 23-year career with the tech giant. He worked on projects like Excel Copilot and agentic AI systems.
1,000 tons in 8-months: Why China is aggressively buying gold
China's central bank, the People's Bank of China (PBOC), has been on a gold-buying spree for 23 consecutive months.
Amazon in talks to acquire AI start-up Decart for $7B
Amazon is said to be in talks to acquire artificial intelligence (AI) start-up Decart for $7 billion.
Oil prices fall as Trump announces Russia-Ukraine 'energy ceasefire'
Oil prices witnessed a decline on Monday, owing to US President Donald Trump's announcement of an "energy ceasefire" between Russia and Ukraine.
Reduce SLR to promote job-intensive manufacturing in India: Amitabh Kant
Amitabh Kant, former CEO of NITI Aayog, has called for a reduction in the statutory liquidity ratio (SLR) to promote job-intensive manufacturing in India.
Alpha Wave might sell 1.6% stake in Lenskart for ₹1,691cr
Global investment firm Alpha Wave Ventures LP is planning to sell up to a 1.6% stake in omnichannel eyewear retailer Lenskart via a block deal, CNBC-TV18 reported citing sources.
India's e-commerce festive sales touch ₹24,000cr in first 2 days
India's e-commerce companies have raked in business worth around ₹24,000 crore in the first two days of the ongoing festive season sale.
World Bank in talks with 30-40 countries for crisis aid
The World Bank is currently engaged in discussions with 30 to 40 countries for potential crisis aid.
Japan becomes top FDI source for India in Q1 FY27
Japan has emerged as the biggest source of foreign direct investment (FDI) into India during the April-June quarter of FY27.
1 in 4 travelers booked multiple festive trips last year
According to a report by backpacker hostel chain Zostel, nearly one in four travelers booked multiple festive trips between October and December last year.
India to achieve $1 trillion exports this fiscal: Piyush Goyal
India is poised to achieve over $1 trillion in exports during the current financial year, Commerce and Industry Minister Piyush Goyal announced.
SBI warns of 'jumped deposit' scam: How to stay safe?
The State Bank of India (SBI) has issued a warning about a new form of fraud called the "jumped deposit" scam.
FPIs pull out ₹44,166cr from Indian equities in October
Foreign portfolio investors (FPIs) have pulled out ₹44,166 crore from Indian equities in October. The withdrawal takes the total outflows for the year to over ₹3 lakh crore.
Why Infosys isn't worried about suspension of US PERM program
Infosys has said that the recent suspension of new and pending applications under the Permanent Labor Certification (PERM) program by the US will not have a material impact on its operations.
Suzlon's new AI-powered wind blade factories to create 3,000 jobs
Suzlon Group is investing ₹550 crore to establish three AI-powered wind blade factories.
Green-Card suspension: What happens to investments on returning to India?
The Trump administration has suspended several tech giants including Microsoft, Infosys, Cognizant, Tata, Wipro, HCL Technologies, Capgemini and Adobe from the Permanent Labor Certification Program (PERM).
Developing countries facing energy crisis, El-Nino, high borrowing costs: UN
Developing countries are facing a major crisis due to rising energy costs, the El Nino weather phenomenon, and high borrowing costs.
India aims to boost steel-production capacity to 604MMT by 2047
India has unveiled a draft steel policy, aiming to ramp up the country's steel production capacity from the current 220 million metric tons (MMT) to an ambitious 604 MMT by 2047.
SEBI to release new closing auction guidelines
The Securities and Exchange Board of India (SEBI) is set to issue new guidelines for price settlement in the derivatives segment during the closing auction session.
Jeff Bezos invests $100M to turn neglected land into parks
Amazon founder Jeff Bezos is investing $100 million to transform neglected urban land into parks in eight US cities.
Russia has partially lifted a ban on diesel exports
Russia has announced the partial lifting of its diesel export ban, effective immediately.
Why US is releasing 4M barrels from strategic oil reserves
The United States has authorized the release of up to four million barrels of crude oil from its Strategic Petroleum Reserve (SPR).
India-US trade deal will keep changed circumstances in mind: Goyal
Commerce and Industry Minister Piyush Goyal has said that the India-US trade pact will be finalized in line with changing circumstances.
Trump probes TV networks over White House coverage boycott
The US Justice Department is investigating five major television networks for potential violations of antitrust laws.
Air India offering big discounts for students: Check offers
Air India is offering a flat 10% discount on domestic base fares for eligible one-way and round-trip bookings made by October 20.
DMart parent's Q2 profit jumps 8.5% YoY to ₹743cr
Avenue Supermarts, the company behind popular supermarket chain DMart, has reported an 8.5% year-on-year (YoY) rise in its consolidated net profit for the second quarter of FY27.
Eternal supports livelihoods of over 1% of Indians: Deepinder Goyal
Deepinder Goyal, the founder of Zomato, has revealed that his company's parent firm, Eternal, supports over 1% of India's population.
RBI to sell government securities worth ₹25,000cr on October 13
The Reserve Bank of India (RBI) will conduct an open market operation (OMO) sale auction of government securities worth ₹25,000 crore on October 13.
India's office space leasing down 20% in Jan-Sep: Report
The net leasing of office spaces in India has witnessed a sharp decline of 20% during the January-September period, according to a report by real estate consultant Cushman & Wakefield.
Sridhar Vembu refutes Musk's claim of Starlink facing license issues
Sridhar Vembu, the co-founder and chief scientist of Zoho Corporation, has responded to Elon Musk's allegations about regulatory challenges for Starlink in India.
ED arrests Sadhna Group chairman in ₹168cr money laundering case
Rakesh Kumar Gupta, the Chairman of Delhi-based media and broadcast company Sadhna Group, was arrested by the Enforcement Directorate (ED) on Friday.
Euro hits 17-month low against dollar: What's the reason?
The euro has witnessed a major fall, with the currency hitting a 17-month low of $1.1161 on Monday.
India Post to expand drone delivery across 110 Himachal routes
In a major leap toward modernization, India Post has announced the expansion of its drone-based mail and parcel delivery service.
Automattic's interim finance chief departs weeks after boardroom shakeup
Automattic's interim Chief Financial Officer (CFO) Jeremy Klaperman has resigned from his position, just weeks after taking on the role.
India's AI sector lacks scale for IPOs, says Piyush Goyal
India's Commerce Minister, Piyush Goyal, has said that the country's artificial intelligence (AI) sector is not yet at a stage where it can support stock market listings.
Jev AI model creator TypeSafe raises $870M at $7.5B valuation
TypeSafe AI, the company behind the revolutionary Jev artificial intelligence (AI) model, has raised $870 million at a whopping $7.5 billion valuation.
Diet Coke cans have become costlier in India
Some Coca-Cola bottlers and retailers in India have increased the price of Diet Coke by a whopping 40%.
EU strikes a preliminary trade deal with China
The European Union (EU) and China have struck a preliminary trade deal aimed at addressing trade imbalances between the two economic giants.
Why TCS is withholding quarterly bonuses of senior employees
Tata Consultancy Services (TCS), India's largest IT services company, has decided to withhold quarterly performance bonuses for its senior employees in the C3A grade and above.
Amazon just reshuffled its Alexa leadership
Amazon has announced a major leadership reshuffle in its Alexa division.
How RBI plans to meet dollar needs of oil companies
The Reserve Bank of India (RBI) has announced a special facility to meet the daily dollar requirements of three state-owned oil marketing companies.
RBI revises foreign exchange rules: How they affect you
The Reserve Bank of India (RBI) has announced new regulations for the foreign exchange market.
OpenAI's Asia-Pacific public policy head departs after 6 months
Sanghyun Lee, OpenAI's top public policy executive for the Asia-Pacific region, is leaving his post after just six months, according to Bloomberg.