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IEA expects global oil demand to fall 2.6mbd in 2026
The International Energy Agency forecasts a decline in global oil demand by 2.6 million barrels per day in 2026 due to disrupted fuel supplies and rising prices.
Bengaluru based Aaahara sets sights on Australia and US markets
Bengaluru-based Infini Agrotek LLP, under the brand Aaahara, is innovating with botanicals-infused ready-to-eat foods and cryogenically processed spices for international markets.
Kumar Mangalam Birla plans $30bn global expansion including Alabama plant
Kumar Mangalam Birla plans to invest $30 billion globally over the next two to three years, despite geopolitical challenges and global crises impacting his diverse business empire.
Jio Platforms announces IPO via red herring, opens October 21
Jio Platforms Ltd's IPO, anticipated as India's largest, opens for subscription on October 21, with anchor investor bidding scheduled for October 19.
Wall Street opens lower Wednesday after higher than expected inflation
US stocks opened lower as a hotter-than-expected inflation report increased speculation of an interest rate hike, with major indices like the Dow and S&P 500 experiencing declines.
Reliance Jio reserves up to ₹2,500 cr for RIL shareholders
Reliance Jio has allocated Rs 2,500 crore worth of shares for eligible Reliance Industries shareholders in its upcoming IPO, providing a special investment opportunity.
Gartner warns $3.5T AI infrastructure investment might fail by 2030
Gartner reports that over $3.5 trillion in AI infrastructure spending could face impairment by 2030 due to unsustainable returns on investment and rapid asset depreciation.
Gold falls over 1% to $4,086.06 after US CPI 0.6%
Gold prices fell over 1% as stronger-than-expected US inflation data increased expectations of an interest rate hike by the Federal Reserve.
RBI upgrades CAS to consolidate deposits with investments December 31
The Reserve Bank of India's latest initiative on Consolidated Account Statement (CAS) aims to streamline tracking of fixed deposits, shares, and mutual funds in one unified view.
Netflix cuts about 1,000 jobs in biggest layoff since 2022
Netflix is set to lay off about 6% of its workforce, approximately 1,000 jobs, as it grapples with fierce competition in the media market.
S&P Global predicts India electricity needs nearly ninefold by 2035
India's electricity demand is projected to grow faster than overall energy demand by 2035, driven by data centres and green hydrogen production.
Airbus to raise A350 production capacity as Boeing rivalry intensifies
Airbus plans to decide soon on increasing A350 production capacity, as market demand rises and competition with Boeing intensifies, according to commercial CEO Lars Wagner.
Enforcement Directorate seizes ₹2,032.81cr assets from Reliance Power under FEMA
The Enforcement Directorate has seized assets worth ₹2,032.81 crore from Reliance Power Ltd. under FEMA for alleged foreign exchange violations involving overseas investments.
Parallel Loop raises $6.6 million seed led by 3one4 Capital
Enterprise AI startup Parallel Loop has raised $6.6 million in seed funding led by 3one4 Capital to enhance AI integration with forward-deployed engineers.
World Bank Group raises $36B to boost jobs in India
The World Bank Group has mobilised $36 billion in private capital since FY22 to support job creation and boost investment across various sectors in India.
Bajaj Broking launches algorithmic trading platform for retail investors
Bajaj Broking has introduced an algorithmic trading platform, offering retail investors strategy creation and automated execution through a user-friendly web and app interface.
Air India and Air India Express consolidate HR and finance
Air India and Air India Express are merging key departments to streamline operations and reduce costs as part of the Tata Group's One Air India integration plan.
Jio Platforms IPO valued at ₹11T price band Oct 15
Jio Platforms Ltd seeks a ₹11 trillion valuation in its upcoming IPO, aiming to prove the worth of its digital ventures alongside its telecom operations.
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.
Zerodha Fund House launches ETF for India's top 10 banks
Zerodha Fund House has introduced an open-ended ETF tracking India's ten largest banks, offering investors exposure to major lenders with a minimum investment of ₹1,000.
Cisco chairman and CEO Chuck Robbins says slowing AI unrealistic
Cisco CEO Chuck Robbins argues that attempts to decelerate AI are futile and emphasizes the need for robust security measures to keep pace with its rapid advancement.
Bonfiglioli Transmissions India GMP rises to 31% ahead of IPO
Bonfiglioli Transmissions India's grey market premium has surged to 31% ahead of its Rs 2,533.6-crore IPO opening on October 15.
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.
NIIF plans up to $800 million for AI data centers
India's NIIF plans to invest up to $800 million in data centers, aiming to expand its assets under management to $10 billion within 12 to 18 months.
Lightstorm investing nearly $500 million to upgrade India's fiber for AI
Lightstorm Telecom Connectivity has invested $500 million in fibre networks and subsea cables to enhance connectivity for India's burgeoning AI data centre market.
Scimplify raises $25 million to cut reliance on Chinese suppliers
Indian startup Scimplify secured $25 million to expand its AI-driven production of specialty chemicals, aiming to reduce reliance on Chinese suppliers in critical markets.
Google.org invests $15 million with The/Nudge to aid India's MSMEs
Google.org has announced a $15 million investment to partner with The/Nudge, aiming to enhance digital capabilities and growth for India's micro, small, and medium enterprises.
Reliance Consumer Products launches Joyland flavored milk in Tamil Nadu
Reliance Consumer Products Limited has introduced Joyland flavoured milk in Strawberry and Vanilla at ₹20, marking its entry into the ready-to-drink dairy market.
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.
Nirmala Sitharaman to attend IMF World Bank meetings in Bangkok
Union Finance Minister Nirmala Sitharaman embarks on a five-day official tour to Bangkok to attend the IMF and World Bank annual meetings.
India's gem and jewelry exports climb to $2.95bn in September
India's gem and jewellery exports increased by 9.43% year-on-year in September, reaching $2.95 billion, driven by strong demand for studded gold jewellery and lab-grown diamonds.
High 30-year mortgage rate 7.5% drives ARMs up, applications fall
As interest rates reach their highest levels in nearly three years, more borrowers are turning to adjustable-rate mortgages to manage monthly payments despite the increased risk.
BCG: AI could free up-to-40% banks' middle and back-office capacity
Artificial intelligence could free up 40% of workforce capacity in banks' middle- and back-office functions by 2030, according to a Boston Consulting Group report.
AON survey finds India's attrition at 18% amid AI disruption
Employee attrition in India increased to 18% in 2026 as companies adapt to AI adoption and demand for specialized skills, according to AON Plc's latest survey.
India's holiday rentals surged 26% to over 200,000 units
India's holiday-home market is rapidly expanding, with alternative accommodations growing 26% in FY26, outpacing the slower growth of branded hotel rooms.
India approves Fairfax Financial purchase of 60.72% IDBI stake ₹52,877cr
The Union Cabinet approved selling a 60.72% stake in IDBI Bank to Fairfax Financial Holdings for ₹52,877 crore, marking a significant disinvestment move by the government.
Eswari Global Metal Industries gains SEBI nod for ₹500cr IPO
Eswari Global Metal Industries has received SEBI approval to launch a Rs 500 crore IPO, aiming to expand its manufacturing capabilities and repay debt.
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.
IIM Ahmedabad accepts applications for 2-year blended MBA BA&AI program
IIM Ahmedabad has launched a two-year blended MBA in Business Analytics and AI for working professionals, integrating management education with advanced analytics and AI.
Larsen & Toubro partners with TuTr Hyperloop on Indian transport
Larsen & Toubro collaborates with IIT Madras-incubated TuTr Hyperloop to explore advanced mobility technologies and infrastructure opportunities in India.
India T-bill yields rise to 18-month high as investors brace
India's ultra-short-term borrowing costs soared at a recent treasury bill auction, with the premium over the benchmark policy rate reaching its highest level in four years.
Wall Street firms link raises and promotions to AI skills
A survey by Selby Jennings reveals that nearly a quarter of financial firms on Wall Street now tie raises, bonuses, or promotions to employees' proficiency with AI technology.
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.
BCG's Mayank Jha says AIFs poised to reshape India's economy
India's AIF industry is poised for significant growth, while AI presents major opportunities, according to BCG's Mayank Jha.
BHEL net profit soars to ₹820.94cr in September quarter
State-owned BHEL reported a two-fold increase in net profit to ₹820.94 crore for the September quarter, driven by higher income from its power and industry segments.
Cisco ramps up India investments despite pending US-India trade deal
Cisco plans to increase its investments in India, focusing on manufacturing and engineering, as the country becomes a key hub, even with a pending US trade agreement.
Space startups pulled in $20.8B in Q3, a record
Space startups secured a record $20.8 billion in the third quarter, driven by investments in launch providers and infrastructure, according to a Seraphim report.
NSE IX and LSE sign MoU to explore ETFs
A recent MoU between NSE International Exchange and the London Stock Exchange could enable Indian investors to access LSE-listed ETFs through GIFT City's NSE IX platform.
BlackRock's GIP reveals $100 trillion infrastructure opportunity in 10-15 years
Global Infrastructure Partners, a BlackRock unit, identifies a $100 trillion infrastructure investment opportunity over the next 10-15 years, focusing on energy and power projects.
India's Technology Development Board invests ₹151cr in YETI drone
The Technology Development Board has allocated ₹151 crore to ideaForge Technology Limited for developing YETI, an autonomous aerial vehicle designed for heavy-lift logistics.
Aon survey: Spending, investment keep Indian pay rising 9.1% 2027
Salaries in India are projected to increase by 9.1% in 2027, driven by strong domestic consumption and export growth, according to Aon's Annual Salary Increase and Turnover Survey.
Kerala's Genrobotics wins ISRO contract for high precision boom arm
Genrobotics Innovations, known for its hazardous environment robots, has secured a project with ISRO to develop high-precision robotic systems for satellite missions.
Chinese workers paid to train household robots through repetitive tasks
In China, workers earn up to Rs 85,000 a month by performing repetitive tasks like washing dishes and folding clothes to help robots learn human movements.
Sunil Bharti Mittal urges governments to set clear AI rules
Sunil Bharti Mittal urges governments to establish AI safeguards, highlighting the difficulty policymakers face in keeping pace with rapid technological advancements.
Bailey, Georgieva warn Bangkok meeting cyberattacks risk undermining public trust
The heads of the Bank of England and IMF have warned that rising cyber-attacks threaten trust in the financial system, urging action to prevent widespread societal impacts.
IMF warns US and France over short term debt risks
The International Monetary Fund cautions that advanced economies' reliance on short-term debt increases vulnerability to rising borrowing costs amid frequent inflation shocks.
IEA supply warning, Aramco attack add uncertainty to oil futures
Oil prices fluctuated as the IEA warned of ongoing diesel market constraints, while Saudi officials reported attacks on Aramco facilities amid escalating regional tensions.
Nielsen leans on India to lead AI ad measurement
Nielsen is transforming its India operations into a global innovation hub, with Bengaluru leading AI advancements in advertising intelligence and audience measurement.
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%.
Anand Rathi rates Bonfiglioli Transmissions IPO 'Subscribe for long term'
Anand Rathi recommends subscribing to Bonfiglioli Transmissions Ltd's IPO, highlighting its strong position in power transmission and industrial drive solutions.
Indian markets fall with Sensex down 172.82 points, VIX up
Indian equity benchmarks fell in afternoon trade, with the BSE Sensex down 173 points and the NSE Nifty below 22,700, as volatility increased by 4%.
Chinese stocks hit lowest since August 2025 amid AI selloff
Chinese stocks hit a one-year low as AI-related supply chain shares faced a deepening selloff, with the CSI300 Index dropping 1.4% and the Shanghai Composite falling 0.9%.
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.
Jeff Bezos aims December 2026 Moon mission backed by $28B
Jeff Bezos aims to establish a sustainable lunar base, investing $28 billion in Blue Origin since 2000, with plans for a mission as early as December 2026.
Canara Bank posts 8% September quarter net profit ₹5,175cr
State-owned Canara Bank reported an 8% increase in net profit for the September quarter, reaching ₹5,175 crore, with total income rising to ₹40,931 crore.
India rolls out data center policy to curb power use
India is developing a dedicated data centre policy to address electricity consumption issues and protect consumers from rising power bills, according to IT Minister Jitin Prasada.
IMF and World Bank launch 'Bangkok Blueprint' against cyber fraud
The IMF and World Bank unveiled the Bangkok Blueprint to combat cyber-enabled fraud, addressing the global economic impact of digital scams costing $1 trillion annually.
Blue Cloud completes architecture phase for $150 million SpaceX International
Blue Cloud Softech Solutions saw a 7% intraday rise before retracing, following news of its ₹147 crore AI order with SpaceX International.
Aditya Birla Capital adopts hybrid internal and external AI
Aditya Birla Capital's Pankaj Gadgil emphasizes a hybrid approach to AI, combining in-house tools with external solutions while avoiding platform dependency.
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.
Sterlite Technologies soars 804% as AI stocks buck 13% slide
Despite a 13% decline in the Nifty 50 index in 2026, Indian stocks linked to artificial intelligence have surged, driven by strong demand and foreign investor interest.
Paytm's One 97 Communications reports Indian ownership tops 56%
Indian investors now hold over 56% of Paytm, with domestic institutional ownership reaching a record 29.5% in Q2 FY 2027, reflecting increased local equity involvement.
Fusion CX opens subscription, plans debt paydown and acquisitions
Fusion CX plans to use IPO proceeds to repay over 90% of its debt and invest in AI products, while targeting acquisitions for balanced growth.
Tata Power announces infrastructure enhancement under ₹15,000cr Mumbai plan
Tata Power is expanding its role beyond power supply, building a 2.8 GW diversified energy pipeline to support India's growing data centre ecosystem.
Groww posts 54% Q2 FY27 profit rise to ₹725.60cr
Groww parent Billionbrains Garage Ventures reported a 54% year-on-year increase in net profit to Rs 725.60 crore, with revenue rising 47% to Rs 1,501 crore in Q2 FY27.
'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.
Oil holds above $105 as U.S.-Iran tensions slow Hormuz shipping
Crude oil prices remain above $105 per barrel due to disruptions in the Strait of Hormuz, while coal futures approach three-year highs as LNG prices soar.
SEBI proposes fines for listed companies blocking fund checks
SEBI has suggested stricter penalties, including fines and freezing promoters' demat accounts, for companies obstructing monitoring of funds raised through public issues.
Technology leaders urge stronger sovereign cloud with Indian operational control
Industry experts emphasize that sovereign cloud regulations should extend beyond data localisation, advocating for graded controls based on data sensitivity.
Kumar Mangalam Birla says Aditya Birla will slow AI investments
Kumar Mangalam Birla discusses a cautious approach to AI investments, emphasizing potential returns over fear of missing out.
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.
Tata Power commits ₹15,000cr upgrading Mumbai grid for data centers
Tata Power unveils a ₹15,000 crore plan to upgrade its Mumbai transmission network, addressing the rising energy demands of AI-driven data centres and hyperscalers.
India's wholesale inflation at 11.39% in September above Reuters poll
Wholesale Price Index (WPI) inflation in India accelerated to 11.39% in September from 9.92% in August, driven by rising fuel, food, and manufactured product prices.
Why Getty Images is heading for bankruptcy
Getty Images, a leading visual media company, is preparing to file for Chapter 11 bankruptcy.
Kerala's ABAD Group unifies brands, eyes IPO and ₹3,000cr turnover
ABAD Group aims to double its turnover to ₹3,000 crore in three years and is considering an IPO as part of its expansion strategy across South India.
Indian rupee strengthens after RBI action, Governor Sanjay Malhotra reassures
The Indian rupee rose 0.4% to 94.9125 against the US dollar, supported by RBI measures and Governor Malhotra's remarks on currency stability.
India's trade deficit with China reaches $105.93 billion after Q3
India's trade deficit with China has exceeded $100 billion in 2026, driven by rising imports and limited market access for Indian exports, despite a 40% growth in exports.
India's IT-BPM seeks freshers with AI, ML, data engineering, cybersecurity
As India's IT-BPM sector revives fresher hiring, demand shifts towards AI and specialised roles, with companies paying premiums for graduates skilled in these areas.
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.
Sunil Bharti Mittal: Bharti's satellite approvals outpace Starlink in India
Sunil Bharti Mittal announced that his company is ahead of Starlink in securing satellite communications approvals in India, having obtained necessary permissions five years ago.
Indian government bonds fall as oil jumps, Sanjay Malhotra signals
Indian government bonds declined as surging oil prices and hawkish remarks from the Reserve Bank of India governor prompted traders to reduce their positions.
Gold steadies at $4,165.25 as markets await US inflation
Spot gold remained steady at $4,165.25 per ounce as markets await key US inflation data, which could influence expectations for future Federal Reserve rate hikes.
Coinbase warns quantum computers could crack bitcoin private keys
Coinbase, holding 5% of all bitcoin, emphasizes the urgent need for quantum-resistant measures to protect against potential future threats from quantum computers.
ASML profits surge to €5bn as AI boosts chip demand
ASML, a leading Dutch tech firm, reported unprecedented profits due to soaring demand for semiconductor manufacturing driven by artificial intelligence advancements.
Jio Platforms to file ₹30,000cr IPO, India's largest ever
Jio Platforms is set to file its red herring prospectus today, aiming for a record Rs 30,000 crore IPO, marking India's largest-ever share sale.
SS Retail shares jump 19.5% after ₹23.8cr Q1 profit
SS Retail shares soared over 19% today, now up 95% from their IPO price, following the announcement of robust Q1FY27 results with a 61% profit increase.
CETA deal to boost UK and India trade by £25.5bn
The UK-India bilateral trade is projected to increase by £25.5 billion annually, driven by the Comprehensive Economic and Trade Agreement (CETA), enhancing cross-border commerce.
Barclays to re-enter India IPO market after nearly 10 years
Barclays Plc is set to re-enter India's equity capital markets, aiming to capitalize on the robust IPO pipeline after a decade-long hiatus.
Sudarshan secures 90-second AI pitch with Modi on Chennai Metro
Tejas Parthasarathi Sudarshan, founder of Winsen Labs, recently presented AI ideas to Prime Minister Narendra Modi during a Chennai Metro journey.
Vietnam sent final text to US as trade agreement nears
Vietnam's Deputy Prime Minister Pham Gia Tuc announced that negotiations on a trade agreement with the United States are nearly complete, with the final text sent to the US.
IMF urges spending cuts as global debt nears 100% GDP
The IMF has called on governments to cut spending and reduce debt as global public debt nears 100% of GDP, with rising borrowing costs adding fiscal pressure.
India opens bidding for 2 Andaman Sea mineral blocks
The Union ministry of mines has opened bidding for two offshore mineral blocks in the Andaman Sea, covering 1,632 square kilometres, to enhance access to critical minerals.
Biocon, Genentech settle legal issues to launch Pebrilzo by 2028
Biocon Ltd. has reached a global settlement with Genentech, allowing it to launch its biosimilar cancer treatment drug, Pebrilzo, in various markets starting in 2026.
Bengaluru startup NuSynth raises 36.5cr seed for AI chemical production
NuSynth Technologies secured ₹36.5 crore to enhance AI-driven chemical process redesign, focusing on pharmaceuticals and electronics chemicals for improved efficiency.
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.
Anthropic hosts San Francisco investor day ahead of November IPO
Anthropic PBC is organizing a pre-IPO investor meeting on October 14, as it prepares for a potential November stock market debut amidst AI safety concerns.
Bitcoin nears $83,900 after John Williams signals no 2027 hikes
Bitcoin rose 1.5% to nearly $83,900 after New York Fed President John Williams indicated no need for rate hikes in 2027, weakening the dollar and boosting Asian markets.
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.
China's September exports surge 36.3%, on course for $1T
China's exports rose 36.3% in September, intensifying India's trade deficit to $112.16 billion and highlighting its reliance on Chinese industrial supplies.
Maharashtra and Uttar Pradesh sugar prices rise on Diwali demand
Sugar prices have surged up to 17% in six days due to tight supplies and increased festive demand, prompting government measures to curb hoarding and allow duty-free imports.
Indian rupee slips under 95 after RBI measures today
The Indian Rupee opened stronger on Wednesday, falling below 95 per US dollar for the first time since September 8, 2026, driven by recent RBI measures.
Indian markets to open cautiously amid crude rise, foreign outflows
Indian benchmark indices are poised for a muted start on Wednesday, as rising oil prices and foreign fund outflows impact sentiment following Tuesday's strong rally.
Umang Garg at India Mobile Congress: AI drives predictive maintenance
At IMC 2026, Nagarro's MD Umang Garg discusses how AI is transforming industrial operations, shifting manufacturers from reactive to predictive maintenance strategies.
China factory prices rise 5% in September amid cost pressures
China's producer prices surged 5% in September, driven by rising oil and commodity costs, marking the highest increase since June 2022 amid supply chain disruptions.
Oil prices rise as Houthis strike Saudi Aramco in Dhahran
Crude oil prices approach $110 per barrel as attacks on Saudi Arabia and uncertainties in the Strait of Hormuz heighten fears of supply disruptions.
Six Flags stock falls 16% after fatal Goliath coaster accident
Six Flags Entertainment's stock fell 16% to its lowest since 2009 after a fatal accident on the Goliath roller coaster in Georgia, prompting safety concerns and ride closures.
SoftBank's $11 billion junk bond supports Masayoshi Son's AI push
SoftBank's record $11 billion junk-bond offering, with yields up to 9.75%, underscores CEO Son's high-stakes commitment to AI investments amid market concerns.
Ravita Engineering Services IPO opens Oct 14-16 raising ₹116.05cr
Ravita Engineering Services Ltd. launches its Rs 116.05 crore IPO today, with a price band of Rs 105–112 per share and a grey market premium of Rs 4 per share.
Blackstone President Jon Gray says India's upgrades boost global standing
Blackstone President Jon Gray sees India transitioning from an emerging market to a core global portfolio, driven by infrastructure growth, GST, and a $5 trillion stock market.
NVIDIA to take minority stake in French Doctolib for AI
Nvidia will acquire a minority stake in Doctolib, aiming to enhance healthcare AI models using its chips, as announced by CEO Jensen Huang.
CVS agrees $315 million settlement after DOJ cited unnecessary opioid prescriptions
CVS Pharmacy Inc. has agreed to pay $315 million to resolve allegations by the Justice Department that it unlawfully dispensed medically unnecessary opioid prescriptions.
Blackstone sees AI investment opportunities in India's data centers
Blackstone sees significant investment opportunities in India's AI infrastructure, with Indian IT firms poised to transform potential disruptions into growth opportunities.
IMF projects India will remain the world's fastest growing economy
India's economy is projected to grow at 7% in 2026-27 and 2027-28, outperforming its peers amid global economic challenges, according to the International Monetary Fund.
IBM's Hans Dekker says India's decentralized approach fuels AI growth
India's decentralised approach to AI innovation, involving enterprises, government, and academia, positions the country to leapfrog in the AI era, according to IBM's Hans Dekker.
China's September exports likely to grow 25.5% on AI demand
China's exports likely grew by 25.5% year-on-year in September, driven by demand for AI-related products and easing trade tensions with the U.S., according to a Reuters poll.
Microsoft denies layoffs in Azure amid new AI chip headlines
Microsoft spokesperson confirms no cost-cutting measures for Azure, despite reports of an AI-driven reorganization within the cloud unit.
Blackstone plans to double India investments to $100 billion
Blackstone plans to double its investment in India to $100 billion within five years, focusing on sectors like private equity, infrastructure, and credit.
Sensex jumps 1,109 as Nirmala Sitharaman signals LTCG tax openness
Finance Minister Nirmala Sitharaman's remarks on long-term capital gains tax sparked investor optimism, leading to a 1.5% surge in the Sensex, closing up by 1,109 points.
Strive launches SATS to raise $500 million and buy more Bitcoin
Strive ASST announced a new perpetual preferred stock, SATS, aiming to raise $500 million to purchase additional bitcoin and acquire income-producing assets.
Chicago Fed President Austan Goolsbee says AI boom worsens inflation
The Federal Reserve highlights that the rapid expansion of AI data centers is significantly contributing to inflation, making various goods and services more expensive.
Anthropic asks D.C. to rehear Pentagon's supply chain risk label
Anthropic has petitioned a federal appeals court in Washington, D.C. to rehear its case against the Pentagon's blacklisting of its AI models over national security concerns.
OpenAI engineer Abdulrahman Alfozan arrested for allegedly hiding recording device
An OpenAI engineer, Abdulrahman Alfozan, was arrested after a hidden recording device was discovered in a conference room, prompting an FBI investigation.
US Treasury fines Bank of America $1.2B for $5B lapses
The Treasury Department imposed over $1.2 billion in penalties on Bank of America for failing to report suspicious transactions and violating anti-money laundering laws.
Brent, WTI steady after 3-day spike amid Mideast, Russian tensions
Oil prices steadied after recent gains as traders took profits amid ongoing supply risks from the Middle East and fluctuating Russian crude shipments.
Oil prices swing amid Russian diesel and Middle East tensions
Crude oil prices fluctuated as traders evaluated the potential increase in Russian diesel supplies and the impact of escalating tensions from the Saudi-Houthi conflict.
Mike Bloomberg and Gautam Adani meet at New Delhi forum
Gautam Adani and Mike Bloomberg discussed accelerating global energy transition and the future of AI at the Bloomberg New Economy Forum in New Delhi.
India and Canada aim to double trade by 2030
India and Canada are committed to concluding a Comprehensive Economic Partnership Agreement, with leaders Modi and Carney discussing enhanced cooperation in trade and security.
Economists expect US inflation 3.6% YoY as Brent nears $105
Economists anticipate the consumer price index for September to rise 0.6% monthly and 3.6% annually, indicating accelerating price growth beyond the Federal Reserve's 2% target.
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.