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Sollfege Smart Electronics shares fall to lower circuit after debut
Sollfege Smart Electronics shares listed at a 90% premium but hit a 5% lower circuit on the BSE, following their initial public offering success.
Sriram Krishnan assembling $500 million fund for US security AI
Sriram Krishnan, ex-White House AI advisor, aims to raise $500 million for a venture fund targeting growth-stage AI companies aligned with US national security.
Bitcoin drops to $82,227 amid stronger dollar and rising yields
Bitcoin fell to a nearly 3-week low of $82,227 on October 8, as heightened selling pressure and a stronger dollar impacted investor sentiment.
Groww adds 101,000 clients in September, gains 29.16% NSE share
Groww accounted for 48% of NSE's net active client additions in Q2 FY27, adding 324,000 clients and solidifying its position as the largest digital brokerage platform.
Motilal Oswal recommends Tata Consumer Products at ₹1,230 target
Motilal Oswal recommends a buy rating for Tata Consumer Products, setting a target price of Rs 1230, citing strong growth prospects and strategic portfolio expansion.
EverestIMS shares open at ₹126 on BSE SME, up 48.23%
EverestIMS Technologies shares opened at Rs 126 on the BSE SME platform, marking a 48.23% premium over the IPO price of Rs 85 per share.
Finance Minister Nirmala Sitharaman leads GST Council to simplify compliance
The 57th GST Council meeting in New Delhi focuses on procedural reforms, aiming to simplify the tax system for businesses and taxpayers without altering broad-based tax rates.
Rupee inches up to 96.65 amid likely RBI intervention
The rupee gained 10 paise to trade at 96.65 against the US dollar, supported by likely Reserve Bank of India intervention amid global and domestic pressures.
Rupee opens at 96.71, gains 10 paise as banks intervene
The rupee appreciated by 10 paise to reach 96.65 against the US dollar, opening at 96.71 amid global dollar strength and elevated crude prices.
Elon Musk loses over $21 billion after SpaceX shares drop
Elon Musk's net worth dropped by over $21 billion as SpaceX shares fell following reports of a $40-billion financing plan to purchase Nvidia AI chips.
Nityas Gems and Jewellery shares open, market cap ₹472.26 cr
Nityas Gems and Jewellery shares listed at a 9.33% premium on the BSE, outperforming grey market expectations, with strong retail investor interest driving demand.
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.
AMD's Lisa Su visits South Korea, teams with AI companies
AMD CEO Lisa Su met with Korean AI companies to explore partnerships, aiming to integrate Korean AI chips with AMD processors and expand their global market presence.
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.
Sensex down 249.87, Nifty down 82.20 as Asian markets slip
The domestic equity market indices opened lower, with the BSE Sensex down 249.87 points and Nifty trading below 22,550 amid weak global cues and sectoral declines.
TCS shares jump 2.57% after $1.45B deal ahead of earnings
TCS shares increased by 2.57% as investors anticipate the company's Q2 results, with a focus on margin stability and its expanding AI initiatives.
Paytm, Pine Labs, MobiKwik shares fall amid MDR delay fears
Shares of Paytm, Pine Labs, and MobiKwik fell up to 10% after news of a possible deferment in the Merchant Discount Rate (MDR) rollout emerged.
SBI Research predicts 6% RBI repo rate by December
The Reserve Bank of India could raise the repo rate by 50 basis points to 6% by December, according to SBI Research, amid rising inflation and capital outflows.
RBI likely sold US dollars to strengthen rupee at 96.6825
The Reserve Bank of India reportedly sold dollars at market open on Thursday, strengthening the rupee to 96.6825 per dollar, as it approached its all-time low.
Indian rupee nudges 96.71 as dollar softens, European bonds calm
The Indian rupee opened slightly higher at 96.71 per dollar, while Asian currencies showed mixed performance against the US dollar, with the Indonesian rupiah leading gains.
Tata Steel quarterly sales slip despite India volume growth
Tata Steel's consolidated sales dipped slightly to 7.96 million tonnes in September, compared to 8.02 million tonnes last year, mainly due to weaker overseas performance.
Ellison family invests $17B in $110B Warner Paramount merger
David Ellison and his family invested approximately $17 billion to facilitate Paramount Skydance Corp.'s acquisition of Warner Bros. Discovery Inc., according to public filings.
NTPC plans 30GW nuclear capacity by 2047 across 14 states
NTPC has selected three locations in Madhya Pradesh, Bihar, and Odisha for new nuclear power plants, aiming to add 30GW of capacity across 14 states by 2047.
Jeff Bezos says Blue Origin likely to pursue IPO
Jeff Bezos announced that Blue Origin is likely to pursue an initial public offering in the coming years, following a $10 billion funding round from outside investors.
Oil and gold climb on Middle East supply worries
Oil prices increased due to Middle East supply concerns, while gold edged higher as the dollar eased from its recent peak.
Maharashtra Seamless announces split into 2 companies pending approvals
Maharashtra Seamless Ltd. shares gained attention after the board approved the demerger into MSL Seamless Tubes Ltd. and United Seamless Ltd., pending necessary approvals.
DHL Globalization Tracker: AI products boost global trade 4.6% 2026
Global goods trade is projected to grow 4.6% this year, driven by AI demand, despite challenges from Trump-era tariffs and geopolitical tensions, according to the DHL-Stern report.
Gold rises 0.4% amid Fed scrutiny, recovers 2 month low
Gold prices rose by 0.4% after reaching their lowest since August, as investors await US Federal Reserve interest rate decisions amid geopolitical tensions and economic challenges.
Ola Electric to raise ₹1,000cr with rights issue at ₹27
Ola Electric has approved a ₹1,000 crore rights issue at ₹27 per share, with shareholders eligible for two rights shares per 25 shares held as of October 13.
Amazon cuts under 1,000 white-collar roles as Prime-Big-Deal-Days sale starts
Amazon has confirmed new job cuts in its Stores unit during a major sales event, aligning with ongoing workforce reductions due to overhiring during the pandemic.
U.S.-Iran tensions, White House military options lift Brent to $101
Oil prices surged as Brent crude exceeded $101 a barrel following reports that the White House requested military strike options against Iran ahead of the US midterm elections.
GST Council proposes court order before arrests and expanded ITC
The GST Council's 57th meeting in New Delhi will propose reforms targeting input tax credits, refund processes, and arrest powers to streamline tax administration under GST 2.0.
Mecka AI raises $60 million to train robots with human motion
Mecka AI, founded in 2024, raised a $60 million Series B round led by Sequoia to enhance its human motion data collection for training humanoid and other robots.
India's clean energy plans hit by battery storage project cancelations
India's transition to green energy faces challenges as aggressive bidding and contract cancellations threaten the viability of battery energy storage projects.
Samsung posts biggest-ever quarterly 107.4 trillion won profit on AI
Samsung Electronics anticipates a record third-quarter operating profit of $80.2 billion, driven by soaring demand for memory chips used in artificial intelligence infrastructure.
Anthropic seeks $2 trillion IPO valuation, New Constructs criticizes
Research firm New Constructs labels Anthropic's upcoming IPO as "the most ridiculous of 2026," citing its $2 trillion valuation target and significant operating losses.
S&P 500, Nasdaq retreat after records as yields, oil surge
Wall Street closed lower as long-dated US Treasury yields climbed, reviving inflation fears and snapping the S&P 500 and Nasdaq's record highs from the previous day.
Pernod Ricard India applies for public limited status, asks vendors
Pernod Ricard India is transitioning from a private to a public entity, positioning itself for a potential IPO while enhancing supply chains to prevent disruptions.
Sharjah targets $3B Indian investment by 2027 via Khorfakkan port
Sharjah aims to attract $3 billion from Indian investors by 2027, leveraging the strategic expansion of Khorfakkan port amid disruptions in traditional shipping routes.
Federal Reserve signals possible 2026 rate hike to curb inflation
Most Federal Reserve officials anticipate another interest rate increase in 2026 to combat persistent inflation, according to minutes from the latest central bank meeting.
Volkswagen, JSW Group propose JV to launch 2 locally-assembled EVs
Volkswagen Group, in partnership with JSW Group, is set to revamp its India strategy, focusing on local production and electric vehicle launches to enhance competitiveness.
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.
Jio plans India's biggest IPO at ₹37,700cr
Jio Platforms, the Reliance Group-owned telecom giant, is gearing up for India's biggest initial public offering (IPO) yet.