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India and New Zealand launch FTA as NZ pledges $20B
The India-New Zealand Free Trade Agreement will commence on October 20, granting zero-duty market access for all Indian exports to New Zealand.
Anand Rathi calls Nykaa a buy, aims for ₹400 target
Anand Rathi recommends a buy rating for Nykaa, setting a target price of Rs 400, citing its strong revenue growth and strategic improvements in beauty and fashion segments.
India launches ₹62,500cr scheme to design and build phones
India's competitive edge lies in creating tailored devices for specific needs, fostering a self-reliant semiconductor ecosystem by focusing on domestic design and demand.
PC Jeweller stock surges 26% after Aditya Kumar Halwasiya buys
PC Jeweller shares surged 26% after Cupid promoter Aditya Kumar Halwasiya purchased 5.10 crore shares, and the company achieved debt-free status.
Rupee posts 3rd straight gain to 94.80 after RBI support
The Indian rupee strengthened to 94.80 against the US dollar, but elevated crude oil prices pose a significant risk to its ongoing recovery.
Motilal Oswal recommends buying ICICI Bank with ₹1,750 target
Motilal Oswal recommends a buy rating for ICICI Bank, setting a target price of Rs 1,750, citing strong core performance and improved earnings quality.
Bitcoin rebounds near $82,500 as altcoins rise amid US inflation
Bitcoin surged back to $82,500 on October 19, driven by a broader market recovery despite ongoing concerns over US inflation and weak institutional investment flows.
Motilal Oswal rates DLF buy with ₹780 target, presales 3,800cr
Motilal Oswal recommends a buy rating on DLF with a target price of Rs 780, citing strong presales driven by successful project launches and a robust future launch pipeline.
Ixigo stock rises 13% after best-ever Q2 FY27 ₹63.42cr profit
Ixigo shares surged 13% after the company reported a record quarterly profit of ₹63.42 crore, bolstered by the partial sale of its stake in Freshbus.
Motilal Oswal rates Axis Bank Neutral, sets ₹1,475 target
Motilal Oswal maintains a Neutral rating on Axis Bank, setting a target price of Rs 1,475, following its Q2 FY27 performance with a net profit of INR70.0 billion.
PhonePe rebrands Share. Market as PhonePe Invest to simplify stock investing
PhonePe's stockbroking platform, Share.Market, is now PhonePe Invest, aiming to attract a wider range of investors interested in building substantial equity portfolios.
Sensex falls over 200 points, private banks drag Indian market
The Indian stock market experienced a downturn on Monday, with Sensex dropping over 200 points and Nifty slipping below the 23,100 mark amid losses in private banking stocks.
Sensex and Nifty slip after HDFC Bank 2nd-quarter FY27 results
Sensex dropped 400 points from its day's high, while Nifty hovered near 23,050 as selling in bank shares and elevated crude prices pressured the markets.
Gold ₹1.48L, silver ₹2.12L rise on MCX after global rally
Gold and silver prices rose on the MCX due to international gains and lower oil prices, but US interest rate expectations and currency movements remain crucial for future trends.
Oil prices fall to $108 after hitting 5-month high
Oil prices fell slightly on Monday, after hitting a five-month high.
SBI sets EBLR 8.15% and RLLR 7.75% from October 15
State Bank of India has increased its lending rates following the Reserve Bank of India's 25-basis-point hike in the repo rate, potentially raising EMIs for borrowers.
Mumbai-based LTM expects FY2028 revenue growth and higher AI margins
LTM anticipates accelerated revenue growth in FY28, driven by AI investments and the Randstad acquisition, with expectations of materially higher margins from AI-native services.
Weak rupee to delay India's $5T goal to 2029: IMF
India's ambition of becoming a $5-trillion economy has been pushed back by a year, owing to the depreciation of its currency.
Indian bonds hit by rising oil, yields 7.37% to 7.42%
Indian government bonds are expected to weaken as rising oil prices stoke inflation concerns, compounded by a hawkish central bank and anticipated rate hikes.
South Korea's NPS loses $137 billion on Samsung, SK Hynix
South Korea's National Pension Service suffered a 182 trillion won loss due to declines in its stakes in Samsung Electronics and SK Hynix, highlighting market vulnerabilities.
Samsung, SK Hynix fall over 4% as DeepSeek spooks markets
South Korean stocks have resumed their downward trend, with the benchmark Kospi index falling as much as 3.2%.
Urban Company stock drops over 7.5% after ₹182.48cr loss
Urban Company shares dropped over 7.5% after reporting a wider quarterly loss, driven by increased investments in its struggling InstaHelp division despite overall revenue growth.
Sensex opens down 103.56 points to 74,625.71 as VIX jumps
The BSE Sensex fell over 100 points to 74,625.71, while the Nifty opened near 23,150. India VIX rose by 2.6%, indicating increased market volatility.
HDFC Bank shares slide 2% to ₹714 after Q2 results
HDFC Bank shares fell 2% to Rs 714 after Q2 results, with brokerages highlighting margin pressure despite maintaining bullish ratings. The stock was among the top Nifty losers.
Ed Yardeni says investors reassess AI's role in Indian IT
Ed Yardeni suggests India's IT sector could thrive as investors view AI as part of a broader technology ecosystem, rather than a replacement for traditional services.
Rupee gains to ₹94.88 as RBI sells dollars to steady
The Indian rupee opened at 94.88 against the US dollar, gaining 8 paise, driven by RBI interventions amid pressures from high crude oil prices and foreign capital outflows.
Gold edges higher as oil price drop calms inflation worries
Gold prices rose modestly as softer oil prices provided support, while market participants focused on the Federal Reserve's upcoming interest rate decisions.
Excess liquidity, easy exits hurting India's equity market: Nirmala Sitharaman
India's Finance Minister Nirmala Sitharaman has attributed the underperformance of the country's equity market to excess liquidity and easy exits.
Indian rupee opens 94.86 per US$, central bank support expected
The Indian rupee opened higher by 9 paise at 94.86 per dollar, marking its seventh consecutive day of gains, supported by central bank dollar sales.
IMF warns AI-enabled cyberattacks could threaten global financial stability
Cyberattacks on critical financial infrastructure could disrupt payments and credit, undermining market confidence, the IMF warns in its latest report on systemic risks.
Indonesia stock index drops over 5% after MSCI suggested downgrade
Indonesia's benchmark stock index fell over 5% on Monday, reaching its lowest level in six years, as fears of an MSCI downgrade spurred concerns about foreign investor outflows.
BlackRock seeks to use tokenized funds to reshape Wall Street
BlackRock Inc. is exploring the use of tokenized assets as collateral, aiming to integrate them into traditional financial systems despite regulatory and infrastructure challenges.
Sensex drops 1,200 points as market value hits 4,72,62,167 cr
Indian equity benchmarks are likely to open in a cautious mood, as global market volatility and elevated energy prices continue to influence investor sentiment.
Anthropic puts 5% of its shares into public benefit fund
Anthropic, a leading artificial intelligence (AI) company, will allocate 5% of its shares to a new public benefit fund.
Amazon, Flipkart festive shipments down 10%-12% as gadgets cost more
Ecommerce festive sales have seen a decline due to rising prices, while Snowflake's CEO highlights AI's transformative impact on enterprise software and the need for regulation.
China's economy grows 4.5% in 3rd quarter, easing policy pressure
China's economy grew 4.5% year-on-year in the third quarter, surpassing expectations and easing pressure on policymakers for additional stimulus measures.
Kospi dropped as DeepSeek AI model may reduce memory demand
Korean stocks declined as DeepSeek's latest AI model raised concerns over memory chip demand, while uncertainties about US AI project funding added to market jitters.
GIFT Nifty up 35 points as Indian market remains cautious
GIFT Nifty indicates a cautiously positive opening for Indian indices amid Asian market weakness and AI-related selloffs, despite softer crude oil prices providing some support.
China's GDP grows 4.5% in Q3 2026 on AI exports
China's economy grew by 4.5% in Q3, driven by rising exports fueled by the AI sector, despite domestic challenges and global trade tensions.
Fundamentum closes ₹3,000 cr for Indian AI and deep-tech startups
Nandan Nilekani-backed Fundamentum's third fund has raised Rs 3,000 crore, with plans to increase the ceiling to Rs 3,500 crore due to strong investor demand.
Indian IT firms increase subcontracting amid US visa, AI demand
Indian IT firms face rising subcontractor costs due to visa challenges and increased AI demand, impacting margins as they seek quick project turnarounds with specialized resources.
IBM's Sandip Patel urges digital swaraj to control data access
IBM India chief Sandip Patel emphasizes the need for "digital swaraj," highlighting businesses' and governments' growing demand for greater control over data and technology assets.
Asian stocks slip amid US tech slump, China growth worries
Asian equities declined on Monday, with Japan's Nikkei 225 dropping over 2%, as investors reacted to Wall Street's tech-led slump and anticipated key Chinese economic data.
PFRDA to onboard gig and platform workers to NPS instantly
PFRDA is set to open National Pension System accounts for gig workers using the e-shram database, enabling flexible retirement savings through the NPS Tatkal option.
Jio Platforms opens ₹30,213 cr IPO as GMP suggests 22.25%
Jio Platforms' ₹30,213 crore IPO opens October 21, with a grey market premium suggesting potential listing gains of 22.25% ahead of its October 28 debut on NSE and BSE.
Incoming CEO Anup Bagchi will outline HDFC Bank growth strategy
Anup Bagchi, incoming CEO of HDFC Bank, plans to unveil a strategic roadmap focusing on growth and productivity, following consultations with key stakeholders.
LTM shifts to short-term AI deals to lift H2 revenue
LTM's CEO, Venu Lambu, highlights a strategic focus on short-tenure AI deals that promise faster revenue generation as the company enters a new growth phase.
KKR to invest over ₹6,000cr in Gentari Renewable India
KKR plans to invest over ₹6,000 crore in Gentari Renewable India Pte Ltd, Petronas's renewable energy arm, to support its expansion and reduce debt.
Crude oil near $109 amid Ukraine drone strikes and conflict
Brent crude prices hover near $109 as Ukraine resumes strikes on Russian energy facilities and tankers face attacks in the Persian Gulf, escalating regional tensions.
Anthropic puts 5% of shares into new public benefit fund
Anthropic announced it will allocate 5% of its shares to a public benefit fund, aiming to support societal projects and address AI's impact on the job market.
Delhi to roll out ₹50cr startup plan and Go-Delhi Foundation
The Delhi government has sanctioned a ₹50-crore budget to establish the Go-Delhi Foundation, aimed at fostering startups and innovation in the capital.
Haier India to invest ₹7,000cr in Andhra Pradesh appliance factory
Haier India plans to invest ₹7,000 crore in a new manufacturing facility in Andhra Pradesh, marking its largest investment in the country and creating 21,000 jobs by 2032.
Tata Sons revises rules, may curb Tata trusts' board influence
Tata Sons is revising its Articles of Association to align with Sebi listing regulations, potentially affecting Tata Trusts' influence on board appointments.
Patrick Witt leaves White House advisory post for private sector
Patrick Witt, the White House's Executive Director for Digital Assets, has left his position, leaving a vacancy in the administration's crypto advisory role.
Engie to invest €3 billion in India to expand renewables
Engie plans to invest €3 billion in India by 2030, aiming to expand its renewable energy capacity from 2 GW to 7 GW, focusing on projects like battery storage and data centres.
Microsoft pulls out of data center deal in UK: Report
Microsoft has pulled out of a data center deal with British cloud provider Nscale, The Telegraph reported.
Go-Delhi Foundation approved: How it will help start-ups
The Delhi Cabinet has approved the establishment of the Go-Delhi Foundation, a new initiative aimed at promoting innovation and entrepreneurship in the national capital.
Eating out in Mumbai is about to become costlier
The Indian Hotel and Restaurant Association (AHAR) has announced that restaurant menu prices in Mumbai are likely to increase by 10-15% during the festive season.
DLF plans ₹58,000cr in housing launches over next 2-3 years
India's largest real estate company DLF Ltd has announced plans to launch housing properties worth ₹58,000 crore over the next two to three years.
SoftBank in talks to acquire security giant Allied Universal
SoftBank Group is in early-stage talks to acquire Allied Universal, one of the world's largest private-security firms.
Accenture mulls $1.5B sale of its China operations
Accenture, the world's largest publicly traded IT consultancy, is considering a potential $1.5 billion sale of its Chinese operations, Financial Times reported.
Centre caps margins on cancer drugs, prices to fall 70%
The National Pharmaceutical Pricing Authority (NPPA) has announced a major move to make cancer treatment more affordable in India.
Pakistan's global financial leadership claim debunked by ex-IMF director
Krishnamurthy V Subramanian, India's former executive director at the International Monetary Fund (IMF), has dismissed Pakistan's claim of returning to global financial leadership as a "historic milestone."
How China's export controls affect India's solar manufacturing efforts
China has proposed export controls on 12 technologies used in the production of solar equipment.
Why Vedanta has invested $600M in South Africa
Vedanta has announced a major expansion of its zinc production capacity in South Africa.
Indian refiners' fuel exports to West up 43% in September
Refineries in India, Turkiye, and Brunei, including the Jamnagar facility owned by Reliance Industries, have witnessed a significant increase in fuel exports to Western countries.
India's top 9 firms add ₹3.65L crore in market cap
The combined market capitalization of nine out of the top 10 most valued companies in India jumped by ₹3.65 lakh crore last week.
How NTPC plans to boost India's nuclear power capacity
State-owned power giant NTPC is gearing up to conduct feasibility studies for proposed nuclear power projects in several Indian states, including Uttar Pradesh.
Upcoming IPOs: Jio Platforms, Paras Healthcare opening on October 21
India's primary market is gearing up for a major week, with two companies looking to raise a combined ₹31,663 crore through initial public offerings (IPOs).
Why Maharashtra FDA suspended licenses of Reliance, Blinkit, Zomato warehouses
The Maharashtra Food and Drug Administration (FDA) has suspended the licenses of five warehouses operated by Reliance Consumer Products, Reliance Retail, Zomato Hyperpure, and Blinkit.
IPO-bound Jio Platforms enters global top 20 patent filers
Jio Platforms has made a major leap in the World Intellectual Property Organization's (WIPO) ranking of international patent filers under the Patent Cooperation Treaty (PCT).
Airtel introduces 3 voice-only prepaid recharges ahead of TRAI deadline
Bharti Airtel has launched three new voice-only prepaid recharge plans, just days before the Telecom Regulatory Authority of India (TRAI) deadline.
Jio IPO to give investors peek into company's standalone business
Jio Platforms is gearing up for its Initial Public Offering (IPO), a move that could significantly boost its market presence.
FSSAI issues notices to Nestle, Hindustan Unilever over misleading claims
The Food Safety and Standards Authority of India (FSSAI) has issued notices to Nestle India and Hindustan Unilever over misleading claims.
Foreign investors withdraw ₹52,100cr from Indian equities in October
Foreign Portfolio Investors (FPIs) have pulled out ₹52,100 crore from Indian equities so far this month.
KFC ditches Pepsi after 40 years, partners with Coca-Cola
KFC is making a major change to its beverage lineup.
Trump wants 60-days to analyze impact of Russian sanctions waiver
US President Donald Trump recently announced a temporary suspension of sanctions and tariffs on Russian exports.
Yes Bank's Q2 FY27 profit jumps 65% to ₹1,080cr
Private sector lender Yes Bank has reported a massive 65% year-on-year jump in its standalone net profit for the second quarter of FY27.
ED raids 20 locations in online betting fraud case
The Enforcement Directorate (ED) has raided 20 locations across Mumbai, Pune, Mehsana, Surat and Hyderabad.
Musk agrees to settle lawsuits over controversial $1M voter lottery
Elon Musk has agreed to settle two lawsuits related to his controversial $1 million voter lottery scheme.
Axis Bank's Q2 net profit jumps 37.6% to ₹7,003cr
Axis Bank has reported a 37.6% year-on-year rise in net profit for the second quarter of FY27.
Modi government bans sugar diversion for ethanol amid record-high prices
The Indian government has banned the diversion of sugar for ethanol production during the 2026-27 supply year.
India's biggest-ever banking M&A deal involved no investment bankers
Fairfax Financial Holdings's $5.6 billion acquisition of a controlling stake in IDBI Bank is the largest foreign investment in India's banking sector.
Cattle feed used to make Priyagold biscuits, says FSSAI
The Food Safety and Standards Authority of India (FSSAI) has filed legal proceedings against Surya Food & Agro, the manufacturer of Priyagold biscuits.
FSSAI proposes ban on fructose and sucrose in infant food
The Food Safety and Standards Authority of India (FSSAI) has proposed a ban on the addition of fructose and sucrose in food products meant for infants up to six months old.
ICICI Bank's Q2 results: Net profit jumps 20.1% to ₹14,843cr
ICICI Bank has reported a 20.1% year-on-year increase in its standalone net profit for the second quarter of FY27.
IDBI Bank's Q2 profit declines 39% YoY to ₹2,206cr
IDBI Bank has reported a 39.2% year-on-year decline in its net profit for the second quarter of FY27.
Central Bank's Q2 results: Net profit rises 21% to ₹1,469cr
The Central Bank of India has announced a 21% year-on-year increase in its standalone net profit for the second quarter of FY27.
HDFC Bank's Q2 profit up 4.7% to ₹19,510cr
HDFC Bank has reported a 4.7% year-on-year increase in its net profit for the second quarter of FY27.
Apple's smartphone shipments to rise despite overall market decline
Apple is poised to be the only major smartphone maker to increase shipments in 2026, according to a recent investor note by Jeff Pu and Henry Huang from GF Securities.
Apple appoints former Meta executive to lead global litigation
Apple has appointed Scott Tucker, a former Meta executive, as its new Vice President of Global Litigation and Financial Services.
Anthropic offers Blackstone over 10% yield for $60B chip-financing deal
Anthropic, an artificial intelligence (AI) research company, is offering Blackstone a yield of more than 10% to finance a $60 billion chip-financing deal.
This is how AI is affecting Anthropic's workforce
Anthropic, a leading artificial intelligence (AI) company, has released a case study detailing the impact of AI on its workforce.
AI risks could outweigh benefits, need ethical framework: IMF chief
International Monetary Fund (IMF) chief Kristalina Georgieva has warned that the risks posed by artificial intelligence (AI) could outweigh its benefits.
SpaceX sales lead Graham Seamans heads to OpenAI
OpenAI has hired Graham Seamans, a former SpaceX sales lead, to head sales for its cybersecurity business.
Cult.fit gets SEBI nod for IPO plans
Cult.fit, a leading player in the fitness services and active lifestyle sector, has received observations from the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO).
Vodafone Idea introduces India's 1st prepaid family plan: Check benefits
Vodafone Idea (Vi) has launched India's first-ever prepaid family plan, allowing users to share data among family members.
Why China's AI stocks are taking a beating
China's artificial intelligence (AI) stocks have taken a major hit, with the country's Nasdaq-style Star50 Index plunging nearly 40% in the current half-year.
California: Ultra-rich spending $1M per day to defeat billionaire tax
Silicon Valley's tech billionaires are pouring massive amounts of money into a campaign against California's proposed wealth tax.
Charles Schwab won't let unauthorized AI agents access client accounts
Charles Schwab is blocking unauthorized artificial intelligence (AI) agents from accessing its clients' accounts.
Reliance urges employees to invest in Jio Platforms' planned IPO
Mukesh Ambani, the billionaire chairman of Reliance Industries Ltd. is leveraging his company's massive workforce to generate interest in the upcoming initial public offering (IPO) of Jio Platforms Ltd.
Centre may hike fuel prices in November
India is likely to increase retail fuel prices in November, a move that could push the country's inflation above the Reserve Bank of India (RBI)'s target range.
Reliance welcomes Starlink, but insists all operators follow Indian laws
Reliance Industries Limited (RIL) has welcomed foreign competition, including Elon Musk's Starlink.
BigBasket, Flipkart among 6 firms penalized by Indian food regulator
The Food Safety and Standards Authority of India (FSSAI) has taken action against six food businesses, including BigBasket and Flipkart.
Rules to regulate airfares have been finalised, Centre tells SC
The Indian government has finalized rules to regulate airfares and will publish them in two weeks, Solicitor General Tushar Mehta told the Supreme Court on Friday.
Jio IPO could make Reliance India's largest conglomerate: Uday Kotak
Jio Platforms' upcoming listing could push Reliance Group past Tata Group to become India's most valuable conglomerate by market capitalization.
India signs ₹2,500cr deal for GSAT-7C military communications satellite
The Indian Ministry of Defence has signed a ₹2,563 crore deal with NewSpace India Limited (NSIL) for the design, development, and manufacture of GSAT-7C.
Ather Energy gets regulatory nod to sell insurance policies
Ather Insurance, a wholly-owned subsidiary of electric two-wheeler manufacturer Ather Energy, has received regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI).
Why Anthropic is being asked to postpone its planned IPO
New York City Comptroller Mark D. Levine has urged Anthropic, an artificial intelligence (AI) lab, to postpone its upcoming US initial public offering (IPO).