Morgan Stanley has upgraded One 97 Communications Ltd (Paytm) to Overweight, significantly raising its price target to Rs 1,950. This upgrade is driven by expectations of stronger execution in payments and financial services, leading to faster growth and improved profitability. The brokerage anticipates substantial revenue and EBITDA growth, further bolstered by potential changes to the UPI merchant discount rate framework.
A three-day 'AI Champions for Digital Governance' programme has commenced in New Delhi, hosted by ITDC, SCOPE, and LBSNAA. The initiative aims to train senior leadership and operational teams in applying artificial intelligence within public sector organisations, aligning with the IndiaAI Mission. Experts highlighted AI's role in improving efficiency, productivity, and public service delivery, while also emphasising responsible adoption and data quality. The programme seeks to build an AI-ready nation and contribute to India's vision of future-ready governance systems.
A three-day 'AI Champions for Digital Governance' programme has commenced in New Delhi, hosted by ITDC, SCOPE, and LBSNAA. The initiative aims to train senior leadership and operational teams in applying artificial intelligence within public sector organisations, aligning with the IndiaAI Mission. Experts highlighted AI's role in improving efficiency, productivity, and public service delivery, while also emphasising responsible adoption and data quality. The programme seeks to build an AI-ready nation and contribute to India's vision of future-ready governance systems.
Adani Enterprises and US-based Jabil have signed a non-binding agreement to establish a 50:50 joint venture in India. This JV will manufacture artificial intelligence and data centre equipment, including AI racks, servers, storage, networking gear, and cooling systems, targeting both Indian and global markets. The collaboration aims to capitalise on India's accelerating data centre demand and the surging global investment in AI compute infrastructure.
IndiGo and Air India Group will progressively shift flights from Mumbai's Chhatrapati Shivaji Maharaj International Airport (CSMIA) to the newly built Navi Mumbai International Airport (NMIA) starting from December. This phased transition, expected to complete by the 2027 summer aviation season, aims to ease capacity constraints at CSMIA, facilitate its Terminal 1 redevelopment, and establish a dual-airport system for Mumbai, enhancing connectivity and future growth.
Delhi Police have busted a cyber fraud network in Greater Noida, arresting seven individuals involved in supplying bank accounts opened through fake firms to cybercriminals. The network facilitated over Rs 30 crore in credit transactions and is linked to 27 cyber fraud complaints across various states. The investigation began after a Delhi University student was defrauded of Rs 6,450.
A new EY India report highlights how young professionals, women wealth creators, entrepreneurs, ESOP beneficiaries, and digitally active consumers from Tier-2 and Tier-3 cities are fundamentally changing India's wealth ecosystem. This shift is evidenced by increased participation of young and women investors, a rise in disciplined investing via SIPs, and the crucial role of Digital Public Infrastructure in democratizing access to long-term wealth creation. The report predicts over 100 million new investors by 2035.
Most of the companies AI models and AI agents targeted had no idea their networks had been breached.
Becoming wealthier isn't only about earning more money. Sometimes, it starts with stopping the money you already earn from quietly disappearing.
Samajwadi Party president Akhilesh Yadav has criticised the BJP government, posing 12 questions regarding the banking sector. He highlighted issues such as recurring bank charges, reduced interest rates, demonetisation's impact, missing locker valuables, and poor working conditions for bank employees, accusing the government of weakening banks and exploiting vulnerable communities.
Protesters associated with the Cockroach Janta Party (CJP) in Delhi, many of whom participated in a July demonstration, adapted their strategies for a recent protest on Saturday. They used digital artwork, prepared for potential police action like lathi charges, and advised newcomers on safety measures such as carrying multiple masks and goggles. The protest, called to demand the resignation of Chief Election Commissioner Gyanesh Kumar over alleged voter-list manipulation, faced heavy security deployment, barricades, and mass detentions, preventing a large-scale gathering at Jantar Mantar.
'If you ask Prime Minister Modi prove you are Indian, as per the Election Commission's criteria, he may not be able to prove that he is an Indian.'
Across all 10 schemes from FY24 to FY26, print media captured 58.8 per cent of the total ad spending, followed by electronic media at 19.5 per cent, digital media at 14.6 per cent, and outdoor media at 7.2 per cent.
African digital financial services platform, Airtel Money, has successfully debuted on the London Stock Exchange, marking the exchange's largest initial public offering (IPO) in several years with an implied market capitalisation of about USD 7 billion.
An IIT Madras study reveals that financial cybercrime victims in India are often highly educated professionals, challenging the notion that only careless or financially unaware individuals are targeted. The research highlights that digital literacy doesn't guarantee protection, as fraudsters exploit stress and emotional vulnerabilities.
India's manufacturing and services sectors are set to create over 35 crore new jobs by 2030, necessitating urgent skilling and industry-academia collaboration. Key sectors like automotive, logistics, telecom, clean energy, and textiles will drive this growth, highlighting the need for competency-driven learning to prepare the workforce.
Police sources reveal that the three shooters involved in the attack on actor Tiger Shroff on October 18 received real-time updates on the police investigation via news channel coverage from their handlers, allowing them to alter their escape routes. They were apprehended from a train in Kota on October 19. The investigation also points to gangster Anil Pandit, an alleged associate of the Lawrence Bishnoi gang, claiming responsibility.
India A were bundled for a lowly 113 as five of their batters perished for ducks before captain Rhys Marius's half-century helped New Zealand A take the lead on Day 1 of the 1st unofficial Test.
Economic think tank GTRI has urged the Indian government to withdraw the proposed UPI charges, set to begin on October 15, arguing that the digital payment system should remain free for merchants and consumers. GTRI warns that these charges could lead to higher prices, reduced earnings for small businesses, and weakened household demand, while also benefiting international card networks by eroding UPI's price advantage. The think tank also called for an independent audit of UPI's running costs.
Maharashtra Cyber has arrested Phannendra Balkrishna Pamarti, a 34-year-old Bengaluru resident, for allegedly stalking and harassing a female stand-up comedian through multiple Instagram accounts. The comedian had lodged a complaint about persistent online harassment, leading to an FIR under Bharatiya Nyaya Sanhita and IT Act sections. Investigators used cyber-forensic tools to trace and arrest the accused.
Akash Ambani is leading Jio Platforms' initial public offering (IPO), set to be India's largest, with a strategy that includes appealing to regional investors and drawing parallels to his grandfather Dhirubhai Ambani's historic public listing of Reliance Industries.
Jio Platforms Ltd's initial public offering (IPO), anticipated to be India's largest, is scheduled to open for subscription on October 21 and close on October 23, with reservations for employees and Reliance Industries Ltd shareholders.
Delhi-based travel influencer Jatin Pratap Singh posted a cryptic picture with a caption hinting that he may be a potential wild card contestant for Bigg Boss 20.
Online video games are emerging that recreate scenes from the Jantar Mantar protests in Delhi. Games like 'Jantar Mantar Chalo', 'Bhaag Neha Bhaag', and 'Jantar Mantar to Jail' allow players to experience elements of the demonstrations, from gathering crowds and dodging police to collecting 'Accountability' and 'Democracy' coins. Creators, inspired by news and real-life events, developed these games rapidly using AI and coding, gaining significant traction online.
The Supreme Court has directed the Centre to explore a statutory framework to ensure social media intermediaries comply with Indian laws regarding minors, particularly concerning their inability to independently enter into contracts. The court highlighted the need for safeguards to protect children from potential harms on digital platforms, including exploitation and misuse of data, and asked the Solicitor General to examine incorporating these requirements into intermediary rules.
Television actress Urmila Sanawar faces a fresh First Information Report (FIR) in connection with the Ankita Bhandari murder case, a day after her arrest in Uttar Pradesh. The new FIR, filed by a Dehradun resident, alleges "objectionable and defamatory allegations" made by Sanawar against Sikkim Governor Dushyant Kumar Gautam and BJP national general secretary BL Santosh. Sanawar is scheduled to undergo a narco-analysis test as part of the CBI inquiry, while the Uttarakhand Congress has criticised her arrest, claiming it is an attempt to shield influential individuals involved in the murder case.
The Delhi High Court has ruled that a private company's provision of email services does not, by itself, make it amenable to writ jurisdiction, even if the account is crucial for a user's business. This decision came as the court dismissed a petition by a media company seeking restoration of access to its Gmail account.
India has secured a spot among the top 10 leading emerging-market performers in artificial intelligence (AI) readiness, with private investment in AI more than tripling to USD 4.1 billion in 2025, according to a new World Bank report.
The All India Mobile Retailers Association (AIMRA) has announced a nationwide 'No UPI Day' protest on October 2 against the proposed 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000. Retailers argue that this charge will burden small businesses and impact their already thin profit margins, urging policymakers to withdraw the proposal.
A new report by TeamLease Digital highlights a significant AI-ready talent gap in India's technology industry, with shortages of 53-60 per cent in Generative AI and cloud skills. The report indicates that only 16 per cent of IT professionals possess AI skills, leading to rising salary premiums for AI-core roles and a projected demand for over 10 lakh GenAI roles by 2026.
'The shooters have no idea who hired them, who their target is until the last moment and have little idea of being used as utility and disposable items.'
India's GST Council has approved changes allowing small online sellers to register in states without physical premises by using an e-commerce operator's warehouse as their principal place of business, aiming to boost national sales for small businesses.
The Maharashtra government has approved the deployment of sovereign artificial intelligence solutions from Sarvam AI for its departments, with a two-year outlay of Rs 11.26 crore. This initiative includes the Indus AI workspace for 2,500 users, ensuring government data remains within India, along with citizen outreach agents and speech models for the MahaAI platform.
The National Payments Corporation of India (NPCI) has deferred the implementation of a 0.4 per cent Merchant Discount Rate (MDR) on Person-to-Merchant (P2M) UPI payments above Rs 2,000, originally set for October 15, until after Diwali.
Delhi Police have arrested three individuals in two separate commercial fraud cases totalling Rs 62.68 lakh. Two accused allegedly defrauded garment suppliers of Rs 45 lakh, while a third cheated a medical supplies firm of Rs 17.68 lakh using fabricated bank transfer screenshots. Investigations are ongoing, with links to other cases being examined.
Indian benchmark stock indices, Sensex and Nifty, rallied significantly, with Sensex jumping over 1,500 points and Nifty reaching a nearly three-week high, driven by strong buying in banking, IT, and Reliance Industries stocks, alongside easing crude oil prices.
'In the past, when the Indian markets have been flat for two years, the next year's returns have ranged between 5 per cent and 55 per cent.'
Should the Tata Sons board heed the views of its majority shareholder? asks Laveesh Bhandari.
Unlimited health insurance plans offer a financial cushion against mounting medical bills, but buyers must look beyond the coverage amount and understand the fine print, including exclusions, waiting periods, and co-payments, before committing to the high premiums.
Himanshu 'Bhau', a notorious gangster from Haryana with 64 criminal cases, has been detained by US authorities for misrepresentation of facts. The kingpin of a global syndicate involved in murder and extortion, he operated from abroad after fleeing India in 2022. Haryana Police are coordinating with CBI for his deportation.
