A farmer who borrowed Rs 10,000 was found dead in a private finance firm's office in Nanded. Police have registered a murder and kidnapping case against the firm's owner and two others. The family alleges the farmer was assaulted and then hanged, with the company demanding Rs 70,000 for the original loan.
AI-managed services firm RapidCanvas, with a significant employee base in India, announced on Friday that it has raised USD 29 million (approximately Rs 275 crore) in Series B funding. The round was led by Vertex Ventures SEA and India, with participation from Hitachi Ventures and existing investors. The company plans to use the funds to expand its go-to-market teams, partner network, and grow its employee base and engineering teams in India, the US, and Brazil, while also investing in product development.
A Kolkata-based lottery firm, Tiger Associates, donated Rs 260 crore to Tamil Nadu's DMK and AIADMK in 2025-26, significantly increasing its contributions from the previous financial year. The firm accounted for nearly 74% of the combined contributions reported by the two parties, highlighting a concentration of political funding. The disclosures also revealed contributions from electoral trusts and a link between Tiger Associates' partner and lottery magnate Santiago Martin, whose other firm was a major electoral bond purchaser.
UPI processed an average 802 million transactions a day in September, about 1 per cent more than the 792 million a day over the same period in August.
TCS chief executive and managing director K Krithivasan stated that the US is unlikely to target tech companies based on their domicile, with actions like the recent green card application programme suspension being driven by local sensitivities around jobs.
Indian stock markets witnessed a significant rebound, with the Sensex rallying 1,109 points and the Nifty closing above 22,720, driven by strong performances in IT and financial sectors, a recovering rupee, and Finance Minister Nirmala Sitharaman's comments on long-term capital gains (LTCG) tax.
A new HCLTech study reveals that 84% of global wealth management firms recognise the need to redesign their operating models for AI, yet less than 10% are prepared for the transition. The report identifies "blind spots" in ambition, execution, and strategy, hindering effective AI implementation and measurable business outcomes.
Parvathy Maya Shaji, CEO of Amster Overseas Private Limited, has been detained at Thiruvananthapuram airport in connection with two cheating cases registered in Kochi. She is accused of defrauding individuals by promising high-paying jobs abroad in Armenia and Poland, with complainants paying significant sums. Her husband and other employees are also named in the cases, and police anticipate more complaints.
An 81-year-old man, Asgarali Vohra, who claims to be a schoolmate of Prime Minister Narendra Modi, has found relief in a long-standing land dispute. After Vohra met PM Modi to appeal for a CBI probe, a firm linked to a BJP MLA, Seven Eleven Construction, backed down, surrendering its construction permit and withdrawing a police complaint against Vohra. The dispute involved a prime plot in Palghar district that Vohra bought in 1989, which he alleged was encroached upon by two firms.
India's IT services industry is witnessing a surge in mergers and acquisitions, particularly among mid-cap companies, as AI-led pricing pressure and macroeconomic uncertainty compel firms to seek scale, capabilities, and broader market reach. This trend is exemplified by the recent merger of Happiest Minds Technologies and ITC Infotech, aiming to offer end-to-end solutions and compete for larger transformation programmes.
A clerk at a private construction firm in Jharkhand's Giridih district was allegedly abducted and murdered after he refused to prepare inflated fuel bills, leading to the arrest of four individuals, including two company employees.
Global payments solution major Mastercard has fully exited Indian fintech firm Pine Labs, selling its entire 4.31 per cent stake for Rs 933 crore through block deals on the BSE.
Fast-moving consumer goods (FMCG) companies in India are committed to maintaining current prices through the festive season, despite facing increased commodity costs and geopolitical disruptions. This strategy aims to protect consumer demand and sustain volume growth, even as margins remain under pressure.
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.
Most of the companies AI models and AI agents targeted had no idea their networks had been breached.
Faridabad police have arrested six individuals in connection with a cyber-fraud case where Rs 50 lakh was swindled using a company CMD's photograph on WhatsApp. The police managed to freeze Rs 29 lakh of the defrauded amount. The accused, from Mumbai and Gujarat, were produced in court and sent to judicial custody.
Jacob Coxon, an AI researcher formerly with OpenAI and Anthropic, has resigned, accusing leading tech firms of an irresponsible and unchecked race towards developing superintelligence. He warns that this competitive rush, lacking adequate safeguards, poses an existential threat, potentially leading to catastrophic harm and "gambling with our lives."
SpaceX CEO Elon Musk on Saturday (local time) said that the Ukrainian military violated Starlink's terms of service and was using it for offensive drone strikes to "kill people".
ISRO Chairman V Narayanan announced India's plan to significantly expand its space operations with four functional launch pads by 2029, including a new SSLV complex at Kulasekarapattinam. He stressed the importance of private sector partnerships to meet global demand and foster economic growth. Narayanan also detailed upcoming Gaganyaan uncrewed tests within the next two months and revealed plans for a collaborative Chandrayaan-5 lunar mission with Japan.
A Goods and Services Tax inspector in Gurugram was caught red-handed by the Haryana State Vigilance and Anti-Corruption Bureau while accepting a bribe of Rs 7,000 from a businessman for issuing a GST registration number. The inspector, Shruti Rani, had allegedly withheld the businessman's file, prompting him to complain to the ACB.
Indian stock markets are set to be influenced this week by a confluence of factors including quarterly corporate earnings, the US Federal Reserve's interest rate decision, fluctuations in crude oil prices, and ongoing geopolitical developments in West Asia.
Indian telecom gear maker Signaltron and semiconductor firm Signalchip have partnered with Indonesia's sovereign research body PRT BRIN to develop and deploy advanced telecom technologies, including 4G, 5G, and future 6G, specifically tailored for Indonesia's unique archipelagic geography to connect underserved regions.
Karnataka Health Minister U T Khader announced the busting of a major interstate counterfeit drug racket, leading to an arrest and an ongoing investigation into the suspected supply of fake medicines to hospitals. The racket involved procuring cheap drugs, refilling them, and relabelling them as premium brands, with seizures worth Rs 5 crore. A Special Investigation Team (SIT) has been formed to probe the widespread network.
The Indian government has confirmed there will be no rollback of the 0.4 per cent Merchant Discount Rate (MDR) charges on Unified Payments Interface (UPI) transactions exceeding Rs 2,000, effective from October 15. Despite opposition, officials state the decision aims to make the UPI ecosystem self-sustainable and secure, with charges applying only to merchant payments, not person-to-person transactions.
Haryana Chief Minister Nayab Singh Saini announced the state government's firm support for power employees, pledging to challenge the Haryana Electricity Regulatory Commission's (HERC) decision to grant a parallel electricity distribution licence to a private company for Gurugram and Nuh districts before the Appellate Tribunal for Electricity (APTEL). The government is appealing to unions to defer their planned three-day strike while making arrangements to ensure uninterrupted power supply.
Godrej Properties reported a significant 62 per cent decline in consolidated net profit to Rs 154.15 crore for the September quarter, primarily due to higher expenses, while its sales bookings also fell by 6 per cent to Rs 8,008 crore.
The Aam Aadmi Party's latest financial disclosures reveal a substantial 68% decline in contributions for 2025-26.
Indian equity benchmarks Sensex and Nifty experienced a decline in early trade, primarily due to a sell-off in power and metal stocks, mirroring a broader downturn across Asian markets. Elevated crude oil prices and firm US bond yields further dampened investor sentiment, while an expert warned of an impending correction in overvalued mid and small-cap segments. Track Sensex, Nifty on October 22.
A 30-year-old private firm employee in Gurugram allegedly strangled his 28-year-old wife to death before taking his own life by hanging. The man had sent an email to his employer requesting them to inform his family and landlord. Police are investigating the murder-suicide, and no suicide note was found.
Indian equity benchmarks Sensex and Nifty rallied up to 1 per cent in early trade, driven by strong performance in IT stocks, Reliance Industries, and favourable global market sentiment, rebounding from previous losses.
Punjab's Finance, Excise and Taxation Minister Harpal Singh Cheema announced the unearthing of a Rs 429.30 crore GST fraud, leading to an FIR in Ludhiana. The investigation, initiated after intercepting a vehicle on September 30, revealed a syndicate of 62 interconnected firms across multiple states using non-genuine documents to evade taxes.
The move is meant to enhance the operational capability of the armed forces, reduce import dependence and increase domestic value addition.
A working paper by the Economic Advisory Council to the Prime Minister (EAC-PM) reveals a continuous decline in the rate at which foreign-owned firms invest in fixed assets in India since the FY20 peak, contrasting with a steady increase from Indian business groups.
Indian Railways zones are implementing measures to curb the nuisance of passengers playing loud music or videos on mobile phones in trains and railway premises. Violators could face fines up to Rs 1,000 or imprisonment for up to six months. This move comes after numerous complaints and recent amendments to railway laws, though some passenger bodies express concerns about enforcement manpower.
East Bengal FC delivered a powerful performance, defeating Inter Kashi 5-1 in an Indian Super League match. Ake Loba scored a brace, supported by goals from Dani Ramirez, PV Vishnu, and Lukasz Zwolinski, securing a comprehensive victory for the Torchbearers.
Indian benchmark indices Sensex and Nifty closed higher for the second consecutive day, primarily driven by robust buying in IT stocks following strong quarterly results and positive global trends. Tech Mahindra notably surged over 8% after reporting a significant jump in net profit.
India vice-captain Tilak Varma expressed immense pride after his unbeaten 51 off 26 balls guided India to a thrilling four-wicket victory over New Zealand in the second T20I, securing a 2-0 series lead. Varma credited head coach Gautam Gambhir and batting coach Sitanshu Kotak for their belief in his ability to finish the game.
Infosys co-founder Nandan Nilekani has dismissed fears that artificial intelligence will lead to job losses in India's IT services sector, calling such concerns "hogwash" and "disaster marketing." Speaking at the Bloomberg New Economy Forum 2026, Nilekani argued that AI will actually increase demand for IT firms as it necessitates complex business transformations and creates new types of jobs, particularly in small businesses.
IT services firm Tech Mahindra has announced a collaboration with AI coding platform SpaceXSI to help global enterprises modernise legacy applications, accelerate software delivery, and improve developer productivity through AI-assisted engineering across the software lifecycle. The partnership aims to embed AI intelligence across the software development lifecycle for better business outcomes, focusing on sectors like technology, telecommunications, and banking.
Indian benchmark indices Sensex and Nifty traded lower in early sessions due to profit-taking and significant foreign institutional investor (FII) outflows, despite strong performance from IT stocks like Tech Mahindra. Track Sensex, Nifty on October 16.
