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Tech Mahindra Q2 profit up 32.74% to ₹1,585.6 cr
Tech Mahindra reported a 32.7% increase in net profit to ₹1,586 crore and a 15.6% rise in revenue to ₹16,180.2 crore for Q2 FY27.
SEBI adds bank-deposit demat-holdings and mutual-fund units to eCAS
SEBI plans to expand the electronic consolidated account statement (eCAS) by including more detailed mutual fund information, enhancing portfolio tracking for retail investors.
Premarket selloff hits CoreWeave, Rocket Lab and SK Hynix
CoreWeave shares fell 6% amid AI build-out concerns, while Rocket Lab dropped nearly 10% after delaying its Neutron rocket launch to 2027.
Ralph Lauren links executive bonuses to AI in 2026
Ralph Lauren has replaced sustainability metrics with AI goals in its executive incentive plan for 2026, reflecting a growing trend in the retail sector.
Jio Platforms claims world's lowest mobile data rates, plans IPO
Akash Ambani highlights Jio's globally lowest pricing per GB as a key factor in its growth strategy ahead of the company's mega IPO.
NVIDIA's Jensen Huang urges US UK China dialogue on AI
Nvidia CEO Jensen Huang emphasized the necessity of collaborating with Chinese AI companies to ensure the safe advancement of potentially dangerous technology.
Jio Platforms plans ₹30,213cr IPO to repay Reliance Jio borrowings
Jio Platforms plans to become net debt-free by using proceeds from its Rs 30,213 crore IPO to repay borrowings, according to Chairman Akash Ambani.
AstraZeneca signs deal worth up to $1.5 billion with insitro
AstraZeneca partners with insitro, investing up to $1.5 billion, to leverage the "Virtual Human" AI platform in developing treatments for liver and heart diseases.
Persistent Systems posts 5% Q2 profit rise to ₹495.15 cr
Persistent Systems reported a 5% year-on-year increase in profit after tax to ₹495.15 crore, excluding exceptional expenses related to the Nagarro acquisition.
Carnelian Small Cap Fund NFO opens October 16 capped ₹5,000cr
Carnelian Mutual Fund will introduce its open-ended Carnelian Small Cap Fund on October 16, with a new fund offer capped at ₹5,000 crore.
How Jio IPO will change stakes of Meta, Google
Jio Platforms, a subsidiary of Reliance Industries, is set to launch India's largest-ever public issue with an initial public offering (IPO) worth over ₹30,000 crore.
India's gold imports fall over 27% to $19.27bn H1 FY2027
India's gold imports fell by over 27% to $19.27 billion in April–September 2026, following an increase in customs duty from 6% to 15%, impacting domestic demand.
Akash Ambani announces Jio Platforms 100 million home broadband plan
Jio Platforms aims to connect 100 million homes with broadband services and plans to monetize its technology stack through international partnerships, according to Akash Ambani.
Flipkart Group posts 18% FY2026 revenue rise to ₹1.46L/cr
Flipkart Group's revenue increased by 18% to ₹1.46 lakh crore in FY26, while operating losses narrowed by ₹1,600 crore, reflecting improved margins and reduced overheads.
Jio Platforms readies $3.2bn IPO seeking ₹8,000cr anchor backing
BlackRock, ADIA, and Norges Bank are among global investors seeking allocations in Jio Platforms Ltd’s ₹8,000 crore anchor book for its $3.2 billion IPO.
Jio Platforms files 7,220 patent applications, enters WIPO top 20
Jio Platforms has filed 7,220 patent applications, making it the only Indian company in the global top 20 of WIPO's Patent Cooperation Treaty rankings.
TSMC Q3 profit jumps 69% to record $23.6 billion
Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, has reported a record third-quarter profit, beating estimates.
Indian rupee advances 4th straight day to 95.0550 per dollar
The Indian rupee appreciated by 0.1% against the dollar, marking its fourth consecutive gain, driven by lower oil prices and a surge in Indian stock performance.
Wipro makes biggest workforce cut in 3 years, 6,716 employees
Wipro's workforce decreased by 6,716 in the September quarter, marking the largest decline in 12 quarters as the company aligns its staffing with IT service demand.
HSBC warns AI could trade bonds prompting 10% job cuts
HSBC's Michael Roberts predicts that AI agents could soon trade bonds using quantum computing, transforming financial market trading within the next two to four years.
Myntra posts ₹579cr FY26 loss, reversing ₹548cr profit from FY25
Myntra reported a net loss of Rs 579 crore in fiscal 2026, reversing its Rs 548 crore profit from FY25, as operating revenue declined by 13% to Rs 5,243 crore.
India's merchandise exports jump 23.04% to $44.40 billion in September
India's merchandise exports increased by 23.04% in September 2026, while the trade deficit narrowed as shipments to the US rose by 11.1%.
AstraZeneca partners with insitro in $40 million AI drug development deal
AstraZeneca has partnered with insitro, investing $40 million upfront to leverage AI in discovering treatments for liver and heart diseases.
Bitcoin near $81,200, Ethereum $2,415 after nearly $944 million liquidations
Bitcoin remains near $81,200 and Ethereum at $2,415 as institutional inflows provide support against global market pressures from rising inflation and Treasury yields.
UCO Bank Q2 FY2026-27 net profit rises 26.77% to ₹786cr
UCO Bank's net profit surged 27% year-on-year to ₹786 crore in Q2 FY2026, driven by a 24.7% increase in gross advances and improved asset quality.
Andreessen Horowitz lays off most of its 34-person recruiting team
Andreessen Horowitz has downsized its 34-member recruiting team, with most members laid off, as remaining staff transition to specialized investment groups.
Air India begins Delhi Osaka nonstop flights Feb 2, 2027
Air India will introduce non-stop flights between Delhi and Osaka starting February 2, 2027, enhancing connectivity with four weekly services using Boeing 787-8 aircraft.
India and the US finish 1st phase of trade deal
Indian trade secretary Rajesh Agrawal announced that the first phase of a trade deal with the United States has been finalised and is currently undergoing legal drafting.
Reliance Industries backed Jio Platforms to launch IPO October 21
Jio Platforms, a unit of Reliance Industries, seeks valuation as a tech company and plans to sell its proprietary network technology internationally.
SEBI projects 26cr mutual fund investors in 10 years
SEBI Chairman Tuhin Kanta Pandey forecasts India's mutual fund investor base to expand from 6.6 crore to 24-26 crore over the next decade, driven by a 14-15% annual growth rate.
European stocks fall as tech worries follow US inflation data
European shares dropped as technology stocks led losses, driven by global selloffs and rising borrowing costs, while some corporate earnings provided limited support to the market.
Logitech starts making webcams and mice in Manesar, Haryana
Logitech has started assembling webcams and pointing devices in Manesar, Haryana, to enhance its supply chain and reduce delivery times in the growing Indian market.
Air India launches PRABHAV cost saving program under Tata Group
Air India aims to strengthen its financial position by renegotiating contracts and insourcing services as part of a cost-saving initiative.
IMF praises India's statistics ministry after approving GDP measurement update
The International Monetary Fund (IMF) has endorsed India's updated GDP calculation method, aligning it with global statistical standards and previous recommendations.
IMF projects India will be 4th largest economy by 2027
India is projected to become the world's fourth-largest economy in 2027, overtaking Japan, with its GDP expected to reach $4.52 trillion, according to the IMF.
'Energy drink' ban could lead to nationwide stock-out: PepsiCo
PepsiCo has warned that a continued ban on the "energy drink" label could lead to a nationwide stock-out of its top-selling products, Sting and others, in two months.
Cohere signs letter of intent to buy AISLE AI startup
Cohere has signed a letter of intent to acquire AISLE, a San Francisco-based AI-driven cybersecurity startup, following its $20 billion merger with Aleph Alpha.
SK Hynix requests US approval to export gear to Dalian
SK Hynix seeks US approval to expand its China operations, linking this condition to its plans for building a new NAND factory in America.
TSMC seeks control in TerraFab talks amid $23.6B Q3 profit
TSMC is considering a collaboration with Elon Musk's Terafab project, while reporting a record Q3 net profit of $23.6 billion amid strong AI chip demand.
Organizations increased AI spending 31% yet struggle to show results
A new HTEC Global study reveals that while 79% of organizations have increased AI investment, 77% of executives find value constrained by people and processes.
India's September trade deficit drops to $13.3 billion, exports soar
India's trade deficit decreased to $13.3 billion in September, with merchandise exports rising to $80.75 billion and imports totaling $94.05 billion for the month.
Reserve Bank of India has used $75-80 billion defending rupee
India's foreign-exchange reserves dropped to $734.6 billion, with the Reserve Bank of India deploying about $75-$80 billion to support the rupee amid economic pressures.
SEBI advisory committee recommends 30-minute VWAP, considers 3:45pm trading extension
SEBI's advisory panel recommends maintaining the 30-minute VWAP method for derivatives expiry settlement, while proposing to extend trading hours until 3:45 pm.
Air India implements cost-saving measures amid $2B losses
Air India has formed a dedicated team to identify cost-saving opportunities across its operations, Reuters reported.
Bonfiglioli IPO opens with 30% GMP: Should you subscribe?
Bonfiglioli Transmissions, a leading player in the mechanical and electromechanical power transmission space, has opened its initial public offering (IPO) for subscription today.
Piyush Goyal says AI will open opportunities not take jobs
Union Minister Piyush Goyal asserts that artificial intelligence may create more jobs than it replaces in India, emphasizing the need for workers to acquire new skills.
Indian Bank reports 15% Q2 net profit rise to ₹3,462cr
Indian Bank reported a 15% rise in net profit to Rs 3,462 crore for the second quarter, with total income increasing to Rs 23,059 crore.
Piyush Goyal says India US trade deal phase nearly complete
Commerce and Industry Minister Piyush Goyal announced that the first phase of the India-US trade pact is finalised and pending operationalisation for competitive advantage.
Supreme Court backs Bombay HC in Yes Bank AT-1 ₹8,415cr
The Supreme Court upheld the Bombay High Court's decision to quash Yes Bank's ₹8,415 crore AT-1 bond write-off, impacting banks' use of these instruments during financial crises.
Salary hikes in India to average 9% in FY27: Survey
India's salary growth is expected to remain strong at 9.1% in the fiscal year 2026-27, according to a survey by global professional services firm Aon.
Ankit Jain's Foundry raises ₹12cr pre-seed for H2 2027 launch
Consumer appliances start-up Foundry has raised ₹12 crore in pre-seed funding led by BEENEXT and Kettleborough VC, aiming to launch its first kitchen appliances in H2 2027.
Train passengers buying tickets at counters to get insurance cover
The Supreme Court of India has directed the Indian Railways to provide insurance coverage for counter tickets from October 27.
Canara Bank unveils ₹47,000cr corporate loan pipeline, ₹30,000cr cleared
Canara Bank has a robust corporate loan pipeline of Rs 47,000 crore, driven by strong demand from Indian companies amid rising bond yields.
IRDAI chair Ajay Seth urges doubling insurance to 30%
Insurance coverage in India needs to increase from 15% to 30% within five years, according to Ajay Seth, Chairperson of the IRDAI, at the SAMVAAD Summit.
Jio Platforms launching India's biggest IPO, raising over ₹30,000 cr
Jio Platforms' Rs 30,213 crore IPO will dilute existing investors' percentage stakes, including Reliance Industries, Meta, and Google, while their share counts remain unchanged.
India's direct tax collections ₹13.37L/cr after refunds, up 13.2%
India's net direct tax collections reached Rs 13.37 lakh crore by October 14, marking a 13.2 percent increase year-on-year, according to the Income Tax Department's latest data.
Netweb Technologies and ESDS Software fall amid semiconductor slump
Netweb, ESDS Software, and Hitachi Energy India stocks fell up to 6% on October 15 as a global selloff in semiconductor stocks impacted AI-related equities.
IMF warns war hurts regional growth, forecasts 1.3% 2026
The IMF warns that a prolonged Middle East war poses significant risks to Asia's economies, with energy disruptions threatening regional stability and growth.
Tonbo Imaging IPO opens with 71% GMP: Apply or avoid?
Tonbo Imaging India, a leading defense technology company, has opened its Initial Public Offering (IPO) for subscription today.
Jio Platforms IPO priced ₹1,065-₹1,119 aims to raise over ₹30,000cr
Telecom stocks surged as investors anticipated Jio Platforms' IPO, with Bharti Airtel and Vodafone Idea shares rising up to 4% on Thursday.
PepsiCo warns Sting may vanish from India in 2 months
PepsiCo has warned an Indian court that its popular energy drink, Sting, could run out of stock nationwide in two months due to a ban on the "energy drink" label.
McKinsey & Company pilots AI avatar client interviews for undergraduates
McKinsey & Company is integrating AI into its hiring process, requiring entry-level applicants to engage with an AI-generated client avatar during interviews.
Gold futures jump ₹1,353 to ₹1,47,201 per 10gm
Gold futures increased by ₹1,353 to reach ₹1,47,201 per 10 gm as speculators created fresh positions amid strong spot demand.
SEBI explores AI sandbox to test tech safely, protect investors
SEBI Chairman Tuhin Kanta Pandey announced plans to simplify listing rules and expand bond market access while exploring an AI sandbox for regulatory innovation.
Nandan Nilekani seeks AA coverage for half of India's adults
Nandan Nilekani emphasizes the need to extend the Account Aggregator ecosystem to street vendors, gig workers, and MSMEs to enhance financial inclusion and access to credit.
Own RIL shares? You get separate quota in Jio IPO
Reliance Jio's upcoming initial public offering (IPO) will have a separate category for existing shareholders of its parent company, Reliance Industries Limited (RIL).
Groww captures 43.6% of new mutual fund SIPs July-September quarter
Groww reported that it accounted for 43.6% of new SIP registrations in the July-September quarter, with direct mutual fund assets rising to Rs 2.06 lakh crore by September's end.
Sensex shoots up 1,400 points as Nifty tops 23,000
Indian equities soared on Thursday, with the Sensex jumping 1,400 points and the Nifty reclaiming 23,000, driven by cooling US bond yields and easing crude oil prices.
HDFC Bank shares rise 1.6% to ₹722.10 before Oct 17
HDFC Bank shares rose 1.60% to ₹722.10 on Thursday, driven by heightened pre-result activity and elevated trading volumes ahead of the upcoming Q2FY27 results announcement.
Geojit recommends buy for Tata Consultancy Services ₹2,530 target
Geojit Financial Services recommends buying Tata Consultancy Services, citing strong international growth and profitability, with a target price set at Rs 2,530.
Air India posts over $2bn loss, CEO Gebremariam forms team
Air India is implementing stricter spending controls and forming a team to identify cost-saving opportunities as it battles significant financial losses and high jet fuel costs.
Indian bonds edge up after Fed pause amid RBI concerns
Indian government bonds saw slight gains Thursday, influenced by a rally in US Treasuries, although concerns over liquidity and rising interest rates limited the increases.
Neysa targets IPO by end of 2027, expands GPU count
Neysa, an AI cloud unicorn, plans a 2027-end IPO while expanding its Nvidia and AMD GPU capacity and exploring the construction of its own data centers.
Fairfax merges Go Digit and IIFL Capital into IDBI Bank
Fairfax Financial Holdings plans to merge its stakes in Go Digit and IIFL Capital with IDBI Bank, aiming to transform the lender into a comprehensive financial services provider.
Reliance shares rise after Jio sets ₹1,065-₹1,119 IPO band, ₹30,213cr
Shares of Reliance Industries rose 3% after Jio Platforms set an IPO price band, aiming to raise up to ₹30,213 crore, marking India's largest IPO.
Axis MF launches Nifty EV and automotive index fund
Axis Mutual Fund is set to introduce an index fund on October 16, tracking the Nifty EV & New Age Automotive Index, offering exposure to the electric vehicle sector.
SBI raises EBLR and RLLR after RBI hikes repo 25bps
State Bank of India has increased its lending interest rates, including EBLR, RLLR, and select MCLR tenures, following a recent repo rate hike by the Reserve Bank of India.
AI start-up developing cancer drugs raises $150M in US IPO
Iambic Therapeutics, a clinical-stage cancer drugmaker and tech firm, has raised $150 million in its US initial public offering (IPO).
Larry Fink warns US data center pause could cause recession
BlackRock CEO Larry Fink cautions that halting U.S. data center construction could lead to a recession and highlights concerns over the $40 trillion national debt.
Jio IPO GMP hits 20% ahead of October 21 launch
The gray market has reacted positively to Jio Platforms' announcement of its initial public offering (IPO) price band and issue size.
Godavari Biorefineries shares jump after US patent for cancer-treatment compound
Godavari Biorefineries shares soared nearly 15% after securing a US patent for cancer-treatment compounds, with trading volumes skyrocketing over 132 times the weekly average.
Jio Platforms to launch IPO raising ₹37,700cr at ₹10.3Lcr
Jio Platforms' IPO sets a valuation of Rs 10.3 lakh crore, with existing investors like Meta and Google retaining their stakes as the offering introduces fresh capital.
HSBC now expects RBI rate to reach 6% by December
HSBC has increased its forecast for the RBI's tightening cycle, projecting a 75 basis point hike to bring the repo rate to 6% by December.
Canara Bank posts ₹5,175cr profit, ₹11,005cr NII, shares at ₹117
Canara Bank shares dropped over 6% despite an 8% rise in Q2 net profit, with brokerages divided on whether to buy, sell, or hold the stock.
Sensex surges over 1,100 points ahead of SEBI CAS review
Sensex surged over 1,100 points on October 15 as investors anticipate a crucial SEBI meeting to discuss feedback on the Closing Auction Session framework.
L&T Technology Services opens Bengaluru AI lab to boost services
LTTS CEO Amit Chadha highlights physical AI as a strategic growth area to offset pricing pressures in engineering services.
IDBI Bank shares fall 6% after nearly ₹53,000cr deal
IDBI Bank's shares plummeted by as much as 6.05% to ₹84.97 on Thursday, after the government approved the sale of a controlling stake in the lender to Canada's Fairfax Financial Holdings.
Paras Healthcare opens IPO October 21 to raise ₹1,450 cr
Paras Healthcare Ltd is set to launch its ₹1,450-crore initial public offering on October 21, with shares priced between ₹660 and ₹693 each.
Apple reaches $5 trillion market cap, 2nd company after NVIDIA
Apple has become the second publicly traded company in history to achieve a market capitalization of over $5 trillion, after NVIDIA, which officially became the world's first $5 trillion company in October last year.
TSMC profits expected to jump 65% to $23.4B this quarter
TSMC is poised for a sixth consecutive quarter of record earnings, driven by robust AI chip demand and significant technology investments.
Figma cuts profit margins to invest heavily in AI features
Figma's CFO, Praveer Melwani, emphasized the company's willingness to sacrifice margins to enhance AI capabilities and expand its user base amidst competitive pressures.
Figma CEO Dylan Field outlines plan to expand in India
Figma is rapidly scaling its presence in India, its second-largest user market, to support existing and new customers, according to CEO Dylan Field.
Sensex up 1,012.34 and Nifty up 295.55 after US inflation
The BSE Sensex surged over 1,000 points as Indian markets defied a global sell-off, driven by strong IT stocks and domestic earnings optimism.
IMF expects Asia growth to slow to 4.4% in 2027
The IMF cautions that Asia's growth may slow to 4.4% by 2027 due to energy price shocks, AI market correction risks, and rising bond yields.
International Data Corp: Smartphone shipments plunge 22% in September quarter
Smartphone shipments plummeted by 22% in the September quarter, marking the worst decline on record, driven by soaring memory costs, according to IDC.
South Korea halts trading as KOSPI plunges 8%
South Korea's benchmark KOSPI index witnessed a massive fall of nearly 8% on Thursday, prompting an automatic trading halt.
Aequs to make Safran landing gear parts at Hosur facility
Aequs, a precision manufacturing company in Belagavi, Karnataka, has signed long-term supply agreements with French aerospace giant Safran for critical components.
SK Hynix plunges nearly 60% since June, erasing over $660B
SK Hynix shares have plunged 57% from their June peak, erasing nearly $700 billion in value amid a global semiconductor sell-off and rising inflation fears.
Crypto suffers nearly $483 million futures wipeout before Fed decision
Over the past 24 hours, nearly $1 billion in cryptocurrency futures positions were liquidated as bitcoin, ether, and XRP prices fell amid market uncertainty.
OpenAI names former xAI executive head of infrastructure and compute
OpenAI has announced the appointment of Uday Ruddarraju, a former xAI executive, as the new head of its infrastructure and compute businesses.
Nikkei 225 falls almost 5% on CoreWeave, US rate fears
Japan's Nikkei 225 fell nearly 5% as AI-linked stocks led a selloff, driven by CoreWeave debt concerns and fears of higher US interest rates.
IDBI Bank shares drop after government announces sale to Fairfax
IDBI Bank shares plummeted 6.05% after the government approved selling a controlling stake to Fairfax Financial Holdings at Rs 81 per share, below market expectations.
Sensex surges over 800 points: What's behind today's rally?
India's benchmark indices, Sensex and Nifty, witnessed a significant surge on October 15. The upward trend was largely attributed to a spike in IT shares.
Japan government bond yields fall with 10-year at 2.93%
Japanese government bond yields reached over one-month lows as investors turned to safe-haven assets amid a global equity selloff and concerns over US inflation and interest rates.
Sensex rises 600 points to 73,387.97 on HCLTech-led IT buying
Sensex surged by 606 points and Nifty approached 22,800 due to strong buying in IT shares and value buying at lower market levels.
Dave's Hot Chicken slider giveaway tops US iOS App Store
Meta's Muse AI app, once a top App Store contender, has been unexpectedly surpassed by Dave's Hot Chicken due to a popular free-slider promotion.
AI-managed ETFs debut with $30 million assets and early outperformance
AI-driven ETFs are gaining traction, with some outperforming the S&P 500, as they leverage rapid data analysis and eliminate human biases in stock selection.
Iron ore slips under $90 amid China's construction slowdown
Iron ore futures in Singapore have fallen below $90 a ton for the first time since 2024, driven by weak demand in China and an oversupply in the global market.
Anthropic Q3 revenue jumps 45% to nearly $17B
Anthropic, an artificial intelligence (AI) start-up founded by former OpenAI executives, has reported a 45% increase in its third-quarter revenue.
Bitcoin slips below $81,000 after US inflation sparks outflows
Bitcoin fell below $81,000 as U.S. inflation data heightened fears of a Federal Reserve rate hike, while South Korea's KOSPI index plunged 8%, triggering circuit breakers.
Individual and HUF RIL shareholders get reserved Jio IPO quota
Reliance Industries Limited (RIL) shareholders have a dedicated reservation in the upcoming Jio IPO, ensuring exclusive access and rewarding their loyalty.
Iambic Therapeutics raises $150 million in US IPO for cancer drugs
Iambic Therapeutics Inc., supported by Nvidia, raised $150 million in a US initial public offering, pricing shares at $16 each within its marketed range.
Indian rupee gains 5th straight day at 94.92 per dollar
The Indian rupee opened 25 paise stronger at 94.92 against the US dollar, continuing its upward trend amid easing US Treasury yields and shifting rate hike expectations.
Bitcoin near $81,011 as volatility spikes and US inflation 3.7%
Bitcoin approaches the critical $80,000 support level as rising US inflation and Treasury yields exert pressure on crypto markets, increasing volatility and uncertainty.
Oil prices dip after 3-week high amid Middle East tensions
Crude oil prices fell by over $1, with Brent crude dropping 1.30% to $104.70, following a three-week high after the Houthis attacked Saudi Aramco's headquarters.
Indian rupee opens at 94.92, eyes on September trade data
The Indian rupee appreciated by 23 paise to open at 94.92 per US dollar, buoyed by a decline in US Treasury yields and diminished expectations of a Federal Reserve rate hike.
Canada's Fairfax buys 60.7% of IDBI Bank for nearly $6bn
The $6 billion IDBI Bank stake sale to Fairfax highlights growing global interest in India's financial sector, signaling potential for future deals.
Infosys hiring 20,000 graduates to meet booming AI services demand
Infosys is hiring 20,000 graduates to meet growing AI demand, even as 80,000 employees already use AI coding tools in client and internal projects.
Tonbo Imaging secures ₹255.36cr from Goldman Sachs and BlackRock
Tonbo Imaging India Ltd raised ₹255.36 crore from anchor investors before its ₹852-crore IPO, allocating shares at the upper price band of ₹700 each.
Zoho CEO Sridhar Vembu vows no layoffs, backs retraining
Zoho chief Sridhar Vembu acknowledges rising costs but commits to no layoffs, contrasting with Airtable's recent job cuts amid industry-wide challenges.
AI infrastructure companies' shares tumble amid fresh Fed rate concerns
Shares of AI infrastructure companies fell sharply as rising interest-rate prospects raised concerns about financing costs, impacting firms like Nebius, CoreWeave, and Oracle.
Indian markets expected to open lower after US yield surge
Indian stock markets are poised for a weak opening on Thursday, as Korea's Kospi plunged over 7% and Japan's Nikkei dropped 4%, driven by global economic concerns.
Punjab petrol dealers seek permanent exemption from UPI payment charges
Petrol pump dealers in Punjab demand a 100% exemption from merchant discount rate charges on UPI payments, citing financial stress due to low margins and rising operational costs.
Gold steadies at $4,114.57 as US inflation raises Fed odds
Gold prices have stabilized at $4,114.57 per ounce following a dip, as rising US consumer prices spark discussions of potential interest rate hikes.
Whey isolate rises to ₹3,400 from ₹2,200 in India
Whey protein prices in India have surged due to increased global demand and import dependence, making daily consumption significantly more expensive for fitness enthusiasts.
Four IPOs open today nearly 9000cr Zetwerk mixes primary secondary
Four mainboard IPOs, including Zetwerk Manufacturing and Bonfiglioli Transmissions, aim to collectively raise nearly ₹9,000 crore starting October 15.
ET Product of the Year Awards 2026 spotlights insurance simplicity
The ET Product of the Year Awards 2026 highlights insurance innovations enhancing customer trust through improved accessibility, digital experiences, and effective distribution.
GST Council eases Indian farmers' taxes, psyllium 0%, tires 5%
The GST Council's recent decisions lower taxes on key agricultural activities, including seed storage and tractor maintenance, potentially reducing costs for India's farmers.
S&P 500 falls 1.1% amid AI worries and inflation
The S&P 500 Index fell 1.1%, ending a 53-session streak without a 1% decline, as concerns over AI trade sustainability and rising consumer prices emerged.
Tonbo Imaging plans ₹852Cr IPO as profits and revenues fall
Tonbo Imaging aims to raise ₹852 crore through an IPO amid strong defence sector demand, despite recent financial setbacks due to international order delays.
Zoho founder Sridhar Vembu retrains staff to avoid AI layoffs
Zoho's founder, Sridhar Vembu, emphasizes retraining employees for new roles as AI enables smaller teams, contrasting with Airtable's decision to lay off staff.
Australia jobless rate hits 4.7% highest in nearly 5 years
Australia's unemployment rate has climbed to 4.7%, its highest in nearly five years, as the economy shed 39,300 jobs in September amid rising living costs and interest rates.
Asian tech stocks slide as SK Hynix plunges over 8%
SK Hynix shares fell over 8% as Asian chipmakers faced losses, driven by fears of further Fed rate hikes and concerns over AI investment funding.
Cisco's Chuck Robbins says AI will surpass the internet's impact
Cisco CEO Chuck Robbins believes artificial intelligence will surpass the internet in impact, driven by large companies with robust financial resources leading the funding.
Hillhouse announces $12-15bn TeraNova DC to drive India's tech growth
Hillhouse Investments has introduced TeraNova DC, a data centre platform, planning to invest $12-15 billion to develop over 2GW capacity across key Indian markets by 2032.
NTPC to invest ₹150000cr with Rosatom for 6 reactors
NTPC Ltd plans to develop six nuclear reactors in collaboration with Russia's Rosatom, aiming for a 6,000 MW capacity at an estimated cost of ₹1.5 trillion.
Skyroot Aerospace seeks $300 million split between Indian and international investors
Skyroot Aerospace plans to raise $300 million in two tranches, targeting Indian family offices and global investors at valuations of up to $3 billion.
Sebi likely to adopt blended pricing to smooth expiration days
The Securities and Exchange Board of India (Sebi) plans to implement a blended pricing framework for derivatives settlement to reduce volatility on options expiry days.
Anthropic's Q3 2026 revenue jumps 45% to $16.8B, IPO speculation
Anthropic's revenue surged 45% to $16.8 billion in Q3, bolstering its case for a potential IPO with a planned valuation exceeding $2 trillion.
Jio Platforms IPO excitement as gray market premium hits ₹210-218
Jio Platforms' grey market premium has increased to ₹210-218 per share, as the company sets its IPO price band at ₹1,065-₹1,119 ahead of the October 21 launch.
BBC seeks US order forcing Trump testimony in $10B suit
The BBC has requested a judge to compel U.S. President Donald Trump to schedule his deposition in a $10-billion defamation lawsuit, citing delays by Trump's legal team.
McKinsey uses AI 'mayor' developed with Saleem Zafar for hiring
McKinsey & Co. introduces an AI simulation featuring a virtual mayor to test job applicants' problem-solving skills, adding a new twist to its already challenging hiring process.
Abdulrahman Alfozan accused of bugging OpenAI amid Raed Ventures ties
Prosecutors revealed that Abdulrahman Alfozan, a former OpenAI engineer accused of planting a recording device, booked a one-way flight to Saudi Arabia before his arrest.
Maharashtra sugar mills start early production to boost Diwali supplies
Maharashtra's sugar mills are starting cane crushing a month early to boost domestic supplies before Diwali amid rising prices and farmer protests.
Former OpenAI employee Abdulrahman Alfozan charged with intercepting oral communications
Abdulrahman Alfozan, an OpenAI engineer, faces charges for allegedly planting a recording device at the company and is also a venture partner at Saudi Arabia's Raed Ventures.
Rupee gains 4th day, closes 95.17 per dollar after RBI
The rupee appreciated by 19 paise to close at 95.17 against the US dollar, marking its fourth consecutive session of gains due to RBI interventions and a weaker dollar.
Dell shares slide 11% after Barclays downgrades on AI concerns
Dell shares fell 11% on Wednesday, triggering a sell-off in data center stocks as analysts express concerns over the timing of enterprise AI investments.
India's wholesale inflation jumps to 11.4% in September from 9.9%
Factory gate inflation, measured by the wholesale price index (WPI), soared to 11.4% in September, driven by rising fuel and manufactured goods prices.
Anduril launches employee tender valuing company at about $90 billion
Defense tech startup Anduril offers employees a stock tender, valuing the company at approximately $90 billion, with shares priced at $94.80 each and a cap of $1.3 billion.
OpenAI paid London staff average £2,318,181 amid King's Cross expansion
OpenAI's London employees averaged £2.3m each in 2025, as the company distributed £87m in salaries and £168m in shares among 110 staff members.
Berkshire Hathaway Class A hits $786,000 amid 10th straight gains
Berkshire Hathaway's Class A shares are set for a 10-day rally, driven by strategic investments and favorable market conditions under new CEO Greg Abel.
Prem Watsa-backed Fairfax seeks IDBI Bank and CSB Bank merger
Fairfax Financial Holdings has proposed a plan to the Reserve Bank of India to address its overlapping ownership in IDBI Bank and CSB Bank, potentially through a merger.
Bank of America hires 1,000 contractors, pushing 3rd-quarter costs higher
Bank of America enlisted 1,000 third-party consultants to address software vulnerabilities revealed by Anthropic's Mythos, significantly increasing their third-quarter expenses.
China posts $938 billion trade surplus driven by tech exports
China's trade surplus hit $938 billion from January to September, driven by strong export growth, as international pressure mounts to rebalance trade dynamics.
Goldman Sachs leads Wall Street with $666 million Q3 share-sale surge
Goldman Sachs topped its major US equity underwriting rivals in Q3, with a 43% increase in equity capital markets revenue, driven by AI-related stock sales.
Bonfiglioli Transmissions IPO ₹558-₹586 opens Oct 15 and raised ₹759.26cr
Bonfiglioli Transmissions has raised Rs 759.26 crore from anchor investors, with its Rs 2,533.8-crore IPO set to open for public subscription on October 15.
Apple becomes 2nd company to reach $5 trillion market cap
Apple's market value surpassed $5 trillion after launching the HomeView smart-home hub, marking a significant milestone in its AI and smart-home strategy.
Jio Platforms IPO to open for subscription on October 21
Jio Platforms, the digital services giant, is gearing up for its much-anticipated initial public offering (IPO).
Why Netflix is cutting around 6% of its workforce
Netflix has announced a major round of layoffs, cutting around 1,000 jobs or nearly 6% of its global workforce.
Blackstone wants to double India investments to $100B by 2031
Blackstone, the global investment firm, plans to double its investments in India from the current $50 billion to a whopping $100 billion over the next five years.
Kumar Mangalam Birla plans investments up to $30B by 2029
Kumar Mangalam Birla, the Chairman of the Aditya Birla Group, has announced plans to invest up to $30 billion over the next two to three years.
JPMorgan reports rare profit miss
JPMorgan Chase, one of the leading global financial services firms, has reported its first quarterly profit miss in nearly three years.
Groww Q2 profit jumps 54% to ₹725 crore
Billionbrains Garage Ventures, the parent company of stock broking platform Groww, has reported a whopping 54% rise in its consolidated net profit for the September quarter of FY27.
Canada's Fairfax buys majority stake in IDBI Bank
Canada's Fairfax Financial Holdings is acquiring a controlling stake in IDBI Bank.
Indian rupee hits 1-month high as RBI steps support currency
The Indian rupee has hit its highest level in over a month, thanks to a series of measures taken by the Reserve Bank of India (RBI) and comments from RBI Governor Sanjay Malhotra.
Hyundai shares jump on $15.5B India investment
Hyundai Motor India's shares witnessed a surge of over 2% in early trade on Wednesday.
India's trade deficit with China crosses $100 billion
India's trade deficit with China has crossed the $100 billion mark this year, data from China's General Administration of Customs (GAC) revealed.
SEBI proposes stricter penalties against this type of listed companies
The Securities and Exchange Board of India (SEBI) has proposed stricter measures against listed companies that obstruct the monitoring of funds raised through public issues.
Sensex slips over 400 points: What's behind today's decline?
India's benchmark indices, the Sensex and Nifty, are trading in the red once again. The fall comes after a strong rally in the previous session when markets rose by 1.6%.
Bank of Baroda shares slide after $15B lawsuit
Bank of Baroda's shares plummeted by almost 4% to 229.80 in today's session, making it one of the biggest losers on the Nifty 100 index.
Sugar prices surge up to 17% in 6 days
Sugar prices have witnessed a major spike, surging over 13% in just six days. The rise is largely attributed to tight supplies and strong festive demand from households and sweetmakers ahead of Diwali.
'Significantly ahead' of Starlink in securing service approval: Sunil Mittal
Bharti Enterprises Chairman Sunil Bharti Mittal has claimed that his company is "significantly ahead" of Starlink in securing approvals for satellite communications services in India.
Meet Tejas Sudarshan, entrepreneur who pitched to Modi in 90-seconds
Tejas Parthasarathi Sudarshan, the founder of Winsen Labs, an applied artificial intelligence start-up, recently got a chance to pitch two ideas on AI application in India to Prime Minister Narendra Modi.
Why ATF will not come under GST anytime soon
Aviation turbine fuel (ATF) is unlikely to come under the Goods and Services Tax (GST) regime anytime soon.
India's wholesale inflation spikes to over 11% in September
India's wholesale inflation has surged to 11.39% in September, compared to 9.92% in August, official data from the Ministry of Commerce and Industry showed today.
Why Getty Images is heading for bankruptcy
Getty Images, a leading visual media company, is preparing to file for Chapter 11 bankruptcy.
Bumble sells for $1.3B
Bumble, the innovative dating app that revolutionized online matchmaking by letting women take the lead, has agreed to a $1.3 billion buyout by Ithaca Holdings.
China's factory inflation hits 4-year high
China's producer prices surged by 5% in September, the highest increase since June 2022. The rise is mainly due to higher energy and raw material costs amid supply disruptions from the Middle East conflict.
Crude oil prices near $110
Crude oil prices are nearing $110 per barrel amid fresh attacks on Saudi Arabia and fears of supply disruptions in the Middle East.
Carlsberg ordered to shutdown Rajasthan brewery: Will customers be affected?
Rajasthan's pollution control board has ordered the closure of Carlsberg India's Alwar brewery, citing a pollution breach.
Indian companies can now revise IPO size till March 2027
The Securities and Exchange Board of India (SEBI) has extended its relaxation policy for revising the size of initial public offerings (IPOs) until March 31, 2027, as per Moneycontrol.
Dating app Bumble might be sold for $1B
Bumble, one of the world's most downloaded dating apps, is reportedly in advanced talks for a takeover deal valuing the company at $1 billion.
Zuckerberg reveals why he chose Kunal Shah to lead WhatsApp
Meta CEO Mark Zuckerberg has revealed why he appointed CRED founder Kunal Shah as the head of WhatsApp.
Inside TVS family feud over billions in wealth and ownership
A succession dispute has erupted in the TVS family, one of India's oldest business dynasties.
IndiGo cancels flights to Saudi Arabia until October 17
In light of the ongoing conflict in Saudi Arabia, IndiGo has canceled all flights to and from Riyadh, Jeddah, Dammam, and Madinah.
NTPC might export green ammonia to Japan, South Korea, Germany
India's top power producer, NTPC, is in talks with potential customers in Japan, South Korea, and Germany for the export of green ammonia and other low-carbon fuels.
Why Zoho won't offer pay hikes to employees this year
Zoho, the software giant founded by Sridhar Vembu, has announced that it will not be giving its usual annual pay hikes this year.
IMF flags 3 risks that could crash global financial markets
The International Monetary Fund (IMF) has warned of "elevated" risks to the global financial system.
Paytm, Pine Labs, MobiKwik fall as UPI-MDR rollout is delayed
Paytm's stock price plummeted by as much as 6.5% after the National Payments Corporation of India (NPCI) announced a delay in the implementation of Merchant Discount Rate (MDR) for select Person-to-Merchant (P2M) Unified Payments Interface (UPI) transactions.
MDR on UPI payments in India deferred to after Diwali
The National Payments Corporation of India (NPCI) has postponed the rollout of merchant discount rate (MDR), on select person-to-merchant (P2M) unified payments interface (UPI) transactions, to immediately after Diwali.
SpiceJet denied more time to pay ₹144.51cr to Kalanithi Maran
The Delhi High Court has rejected a plea from SpiceJet, seeking more time to deposit ₹144.51 crore in its ongoing dispute with Kalanithi Maran and KAL Airways.
You can soon use Visa cards for payments in China
Visa, the leading US credit card company, has received the green light from China's central bank, the People's Bank of China (PBOC), to establish a bank card clearing business in the country.
Gold, silver prices rise today: Here we decode why
Gold and silver prices have opened higher on the Multi Commodity Exchange (MCX) today, despite the US dollar remaining firm.
Ex-OpenAI researcher wants to raise $15M for new AI start-up
Shyamal Hitesh Anadkat, a former OpenAI researcher, is in talks to raise around $15 million for his new artificial intelligence (AI) start-up Empirical Machines, as per Moneycontrol.
IMF raises India's growth forecast to 7% for 2026
The International Monetary Fund (IMF) has raised India's growth forecast for 2026 to 7%, up from the previous estimate of 6.4% made in July.
Character. AI files for bankruptcy in the US
Character.AI, a leading player in the generative AI space, has filed for bankruptcy in the US.
Sensex gains over 650 points, Nifty crosses 22,550 mark
The Indian equity benchmarks, Sensex and Nifty, witnessed a strong recovery on Tuesday morning.
Oil hovers near $105 as Trump eases Russian fuel sanctions
Oil prices witnessed a slight dip on Tuesday, following a nearly $2 per barrel increase in the previous session.
Will Tata Sons be listed soon?
Tata Sons has begun preliminary discussions with several banks to explore a potential share listing, as per ET Now.