A Delhi court has rejected the CBI's plea to alter charges against former DHFL CMD Kapil Wadhawan, former director Dheeraj Wadhawan, and businessman Ajay Ramesh Nawandar in the Rs 34,000 crore bank fraud case. The court stated it cannot review its own order of framing charges except for clerical errors and found no evidence for certain IPC sections.
Indian stock markets witnessed a significant rally, with the Sensex soaring 905 points and the Nifty topping 22,900, primarily driven by strong buying in banking and FMCG shares, coupled with easing crude oil prices and a US Fed rate pause.
Directorate of Revenue Intelligence (DRI) officers seized over 9 kg of methamphetamine in Bhopal and arrested one person. The seizure occurred after intercepting a bus passenger travelling from Delhi to Bengaluru.
Finance Minister Nirmala Sitharaman clarified that the Merchant Discount Rate (MDR) on digital transactions applies to merchants, not customers, and aims to support banks and fintech in infrastructure investment. She countered Congress leader Jairam Ramesh's claims, stating that a committee will decide on MDR only after Parliament passes the Taxation and Other Laws (Amendment) Bill, 2026, a process currently stalled by parliamentary disruptions.
A 27-year-old financial content creator, V Harish, known as 'Finance With Harish,' died by suicide in Chennai, prompting police to investigate allegations of cyberbullying related to his investment advisory credentials.
Union Home Minister Amit Shah visited Punjab to meet families of individuals who died in incidents linked to the state's drug menace. He assured justice to the families of Gulzar Singh, Bikramjit Singh, and anti-drug activist Parvinder Singh Jhota, who were victims of drug-related issues. The visit comes amidst a political slugfest ahead of upcoming Assembly elections, with opposition parties criticising the AAP government over the drug problem.
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 simplified GST registration facility for small e-commerce sellers, allowing them to register in other states by declaring the e-commerce platform's warehouse as their principal place of business, will be enabled from November 1. This move aims to encourage small businesses to expand beyond their home states.
Workday, a global HR tech major, has unveiled its new AI platform, Sana, designed to automate human resources and finance functions. Chairman and CEO Aneel Bhusri stated that AI is likely to replace low-cost, outsourced jobs due to increased productivity, rather than leading to jobs moving out of first-world countries. The platform uses AI agents for tasks like payroll and compliance, and Workday has acquired C1.ai to manage access rights for these agents. Bhusri emphasised that AI should augment humans, redefining roles rather than replacing them entirely.
'Murugan did not come back voluntarily. He was asked to leave. He had a lucky run as a minister.'
Indian benchmark equity indices, Sensex and Nifty, ended sharply lower, with the Sensex tumbling 876.37 points and the Nifty dropping below 22,900, primarily due to a decline in private bank stocks like HDFC Bank and Axis Bank, alongside weak global market trends.
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.
HSBC has emerged as the leading international bank in facilitating fundraising for Indian companies through bonds, syndicated loans, and IPOs during January-September 2026, according to Hitendra Dave, CEO of HSBC India.
The Economic Offences Wing (EOW) of the Crime Branch Jammu has filed a chargesheet against two individuals, Manoj Kumar and Vikram Singh, in a financial fraud case involving over Rs 1.22 crore collected from investors in Samba district. The accused allegedly induced residents to invest in schemes from unregistered or de-registered NBFCs, promising high returns but failing to deliver.
The judges questioned the government's position on arbitration, underscoring the contradiction between its resistance to enforcement and its efforts to promote India as an arbitration-friendly jurisdiction.
Defence Minister Rajnath Singh on Tuesday called for dialogue and diplomacy to resolve global conflicts, stating, "war can never be the answer to war," while addressing the Shanghai Cooperation Organisation (SCO) Council of Heads of Government meeting in Dushanbe, Tajikistan.
The Bharatiya Janata Party received nearly Rs 1,473 crore at its central headquarters alone during the last five state assembly elections, more than seven times the Rs 207 crore in net receipts reported by the Congress across its central and state units, according to expenditure statements filed with the Election Commission.
US President Donald Trump has defended a controversial diesel deal with Russia, stating it aims to stabilise the global market despite bipartisan criticism from US lawmakers. The deal, which eases sanctions on Russian diesel shipments until April 2027, has been criticised as a "gift to our adversary" that finances Russia's war efforts and offers little relief to Americans.
Union Home Minister Amit Shah on Tuesday met the families of individuals who lost their lives due to drug-related issues in Punjab, saying he had never felt so deeply saddened in life as he did while meeting them and also called out the AAP government for failing to curb the menace.
RBI Deputy Governor Poonam Gupta stated that India's economic growth momentum remains strong despite various global and domestic shocks, attributing this resilience to a diversified growth base and improved policy responses. She highlighted the economy's 7.8 per cent growth in Q1 and continued momentum into Q2, suggesting potential upgrades to growth forecasts.
'You want the main man, and you cannot even bring him to Mumbai, where he has allegedly carried out a high-profile shootout.'
The Congress party has questioned the Modi government's decision to defer the Merchant Discount Rate (MDR) on UPI transactions, alleging a potential "U-turn on the U-turn." Congress general secretary Jairam Ramesh highlighted previous denials by the finance minister regarding MDR imposition, only for it to be announced later and now deferred. He expressed concerns about future charges on UPI transactions.
Indian benchmark equity indices, Sensex and Nifty, closed lower for the fourth consecutive session, driven by a surge in crude oil prices above USD 114 per barrel due to escalating tensions in West Asia, coupled with broad-based selling and FII outflows.
Indian equity benchmarks Sensex and Nifty extended their losses for a third consecutive session, with the Sensex declining 460.30 points and the Nifty dropping 123.70 points, primarily due to surging crude oil prices driven by escalating tensions in West Asia and weak global cues.
'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.'
The Supreme Court has directed the Central Bureau of Investigation (CBI) to examine all six allegations of financial irregularities levelled by the Enforcement Directorate against Sameer Gehlaut, former chairperson of Indiabulls Housing Finance (IHFL), and five corporate groups, following repeated criticism of investigating agencies for lack of progress.
The US announced a 60-day pause on sanctions against Russia and tariffs on other countries, including India, to analyse the global economic impact. This decision, made via an executive order by Trump, has drawn significant criticism from both Republicans and Democrats, who had previously passed the Lindsey O. Graham Sanctioning Russia and Iran Act. US officials stated the waiver allows for assessment of global energy pressures and European allies' refusal to impose secondary sanctions on Russian oil buyers.
The Directorate of Revenue Intelligence (DRI) has made a significant seizure of 137 kg of crystal methamphetamine, valued at over Rs 100 crore, from a coastal village in Nagapattinam district, Tamil Nadu. This operation, conducted during October 16-17, targeted a drug-trafficking network attempting to smuggle the banned synthetic drug to Sri Lanka via mid-sea transfer. Four individuals have been arrested, and cash and vehicles linked to the operation were also seized.
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.
Andhra Pradesh and Punjab National Bank (PNB) have signed an MoU to establish the PNB Quantum Finance Hub at Amaravati Quantum Valley. This initiative aims to foster innovation and adopt next-generation technologies like AI and Quantum Computing in the banking sector, focusing on cybersecurity, fraud detection, and customer experience.
The Union Sports Ministry has committed a grant-in-aid of Rs 2000 crore to the Gujarat Government for hosting the 2030 Commonwealth Games in Ahmedabad. This funding, based on 2025 rates and expected to reach Rs 2500 crore by 2030, will be disbursed from the Assistance to National Sports Federations (ANSF) scheme. Ahmedabad won the bid last year to host the centenary edition, which is anticipated to be a grand event featuring 15 to 17 disciplines, unlike the scaled-down Glasgow Games.
Dedicated Ayush dispensaries increased from 26,130 in 2013-2014 to 37,804 in 2024-2025, while hospitals rose much more slowly, from 3,605 to 3,885.
75% of India's 60 million digital-payment merchants have never recorded a transaction above 2,000.
Indian equity benchmark indices extended losses for a second consecutive session, with the Sensex dropping 143 points, driven by a sell-off in power, banking, and financial stocks, coupled with elevated crude oil prices and persistent FII selling.
It is too early to judge whether the CJP will become a consequential political movement or remain a moment of protest. Its significance will depend less on the size of crowds or the reach of online campaigns than on what follows when the initial excitement subsides, notes Manoj Mohanka.
India's Next-Gen GST reforms are proving instrumental in driving robust economic growth, simplifying tax compliance, and fostering a more inclusive business environment across the nation, aligning with the vision of a 'Viksit Bharat', writes Finance Minister Nirmala Sitharaman.
The Supreme Court has appointed former Delhi High Court judge Justice Najmi Waziri as a mediator to resolve the cheque-dishonour dispute involving actor Rajpal Yadav. The legal battle originated from a 2010 financial agreement for his directorial debut, 'Ata Pata Laapata', where Yadav allegedly issued dishonoured cheques. The actor has deposited Rs 2 crore with the SC registry, and the court has allowed his passport release for professional commitments.
Finance Minister Nirmala Sitharaman stated that negotiations for the India-US trade agreement have reached a 'plateau', indicating limited scope for further concessions from either side, while also highlighting the US's aim to reduce its trade deficit with India.
'They allow people to enter and exit. And there is transparency. There is market infrastructure. There is technology. There is cyber security. And then there are enough enablers.'
'Read the prospectus as a capital allocator deciding whether the business deserves your capital at the offered price.'
