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.
'...but could demotivate employees seeking US residency.'
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.
Rahul Gandhi met the parents of Ankita Bhandari, who were protesting at India Gate, demanding justice for their daughter's murder.
China has deployed 72 "robot employees" across Beijing's municipal parks to perform various tasks like cleaning, patrolling, guiding visitors, and pest control. This initiative is part of China's "Robot Plus" strategy, driven by an ageing population and labour shortages, and showcases the growing domestic service robot market. These AI-powered robots enhance efficiency and visitor experience in popular attractions like the Summer Palace and Zizhuyuan Park.
Ahmedabad Cyber Crime Branch has uncovered a Rs 1.5 crore WhatsApp fraud, leading to the arrest of two key SIM and OTP suppliers in West Bengal. The investigation revealed a sophisticated international cybercrime network spanning China, Pakistan, India, and Hong Kong, operating a "boss scam" and utilizing a "Cybercrime as a Service" model. Police recovered a significant portion of the defrauded amount and secured thousands of devices.
'These attempts to intimidate people will not be tolerated, and we will put an end to this hooliganism.'
A suspect in a Rs 1.53-crore gold robbery and murder case in Rajkot was shot in the leg by police after he opened fire on officers during evidence recovery. The accused, Anurag Singh Rajput, was among 10 arrested for the October 14 robbery where an employee was killed.
'Get people young, train them, assimilate them, and grow them adequately.'
A farmer was found dead inside a private finance company's office in Nanded, Maharashtra, with his family alleging he was forcibly taken, confined, and assaulted over a disputed loan amount. Police have detained three individuals and registered a case of murder, kidnapping, and wrongful confinement. A similar case of loan recovery harassment has also emerged in the area, prompting the Nanded Superintendent of Police to urge farmers to report such incidents.
Axios has reported that a new US intelligence report has found that Iran has "substantially increased" its efforts to target American diplomats and officials in the Middle East. The intel memo which Axios cited also said that plots against American diplomats were reaching "advanced stages."
Coursera found that nearly 94 per cent of employers of professionals who took micro-credential courses on the platform said these professionals could command higher salaries than their peers.
Marchers would walk four or five abreast through one side of the main Mahatma Gandhi Road, holding red or white banners that stretched from one end to the other, shouting slogans, calling upon passers by, including employees watching from the offices that line the road, to join (Dekhta kya/Shaamil ho), recalls Jyoti Punwani.
The Supreme Court has ordered the reinstatement of R Saravanan, a deputy registrar of Periyar University, who was dismissed for alleged disproportionate assets. The court observed that dismissal is akin to a "death penalty" for a government servant and criticised the university's inquiry for lacking evidence, upholding the single-judge bench's decision.
The Rajasthan Police's Special Operations Group (SOG) has arrested two men for allegedly securing registration with the Rajasthan Medical Council (RMC) using forged educational qualifications. One accused, Pankaj Yadav, failed a foreign medical exam six times and allegedly used fake MBBS degrees, while Nanji Ram Choudhary, who only studied up to Class 8, allegedly used forged degrees to own and operate a hospital. The SOG is investigating potential involvement of RMC officials.
The Indian rupee depreciated by 43 paise to close at 94.81 against the US dollar, influenced by a negative trend in domestic equity markets, surging crude oil prices, and significant foreign institutional investor outflows.
India has strongly criticised the US decision to suspend the Permanent Labor Certification (PERM) program for eight major IT firms, including Indian giants like TCS and Wipro. New Delhi also condemned US Vice President JD Vance's description of foreign professionals as "indentured servants," calling it "unwarranted and deeply offensive." The move is expected to impact thousands of Indian tech professionals seeking permanent residency in the US and further strains bilateral ties.
Jio Platforms' initial public offering has shattered global records by receiving over one crore applications, underscoring immense investor confidence in the company's ambitious plans for technology, AI, and cloud services, with the IPO subscribed almost seven times overall.
Nida Khan, an accused in the alleged sexual harassment and religious conversion case at TCS Nashik, appeared before a family court on Friday for a divorce petition filed by her husband, Moin Khan. Both parties attended a counselling session, and the next hearing is set for November 20.
Nandan Nilekani, co-founder of Infosys, has urged for the expanded adoption of the Account Aggregator (AA) framework to facilitate formal credit access for self-employed individuals and gig workers. He highlighted its potential to enable cash-flow-based lending by leveraging diverse data streams, moving beyond traditional asset-based lending, and fostering a more inclusive digital financial infrastructure in India.
Parents of Ankita Bhandari, the 19-year-old resort receptionist murdered in 2022, met senior CBI officials in Delhi to discuss the ongoing probe into an alleged "VIP" involvement. The CBI has registered a case against unknown persons regarding this VIP role. The parents also requested narco tests for former BJP MLA Suresh Rathore and Urmila Sanawar, whose audio clips purportedly mentioned a VIP.
A two-day weekend would help employees recover physically and mentally. They would return better prepared for branch work that demands patience, judgment, and accuracy, asserts Tamal Bandyopadhyay.
Avenue Supermarts (DMart) reported lower-than-expected Q2FY27 performance, with revenue growth of 18.4 per cent year-on-year but visible margin pressure, leading to a 4.5 per cent stock drop. The company faces challenges from lower-margin sales, operating cost pressures, and aggressive store expansion, impacting profitability despite improved same-store sales growth.
HCLTech has announced a global partnership with Anthropic to establish a dedicated business unit focused on developing agentic AI solutions for enterprise clients using Anthropic's Claude. The collaboration aims to help businesses adopt AI systems that operate with minimal human intervention, prioritising safety, cybersecurity, and governance. HCLSoftware will also integrate Claude into its enterprise products.
Telangana IT Minister D Sridhar Babu stated that Gen Z will be the driving force behind the next wave of AI and green innovation. He urged young innovators to use their skills to solve real-world challenges, particularly in sustainability. The launch of the Green Skills and Applied AI Centre of Excellence in Hyderabad, a partnership between Telangana's IT Ministry, Microsoft, 1M1B, and MeitY Startup Hub, aims to equip graduates with industry-relevant skills in AI, green pharma, solar energy, EVs, and wind energy, with 100 job offers already announced.
A special CBI court in Mumbai denied bail to Sandeep Mistry, an associate of fugitive businessman Nirav Modi, in the multi-million-dollar Punjab National Bank (PNB) scam. The court cited Mistry's history of destroying evidence and his absconding for seven years as reasons for the denial, expressing concerns about securing his presence during the trial if released.
Tata Consultancy Services (TCS) announced a 15 per cent increase in net profit, reaching Rs 13,884 crore for the September quarter, driven by an 11.22 per cent rise in revenue from operations.
Hindustan Copper Limited CMD Anupam Misra spoke at the 85th CSIR Foundation Day, advocating for workplace safety, employee welfare, and scientific excellence. He stressed the importance of continuous learning, innovation, and bridging research with industrial applications to support Viksit Bharat 2047. CSIR-NML Director Dr. Sandip Ghosh Chowdhury also highlighted CSIR's legacy and its role in India's technological self-reliance.
Schaeffler India CEO Harsha Kadam has been arrested in connection with a fatal gas leak at the company's Pune facility in June, which resulted in the deaths of two workers. Kadam is the eighth person arrested in the case, facing charges including culpable homicide. The incident occurred during unauthorised maintenance work on a CO2 fire suppression system.
By the time she finished her term as SBI chairman, she was overseeing over two lakh employees, 24,000 domestic branches, 100 international ones and a bank that had stepped into the technological age and become youth-friendly. Meet Arundhati Bhattacharya, the first woman chairman of the State Bank of India and president and CEO, Salesforce, South Asia.
The Enforcement Directorate (ED) has filed a chargesheet against FIITJEE and its directors, Dinesh Kumar Goel and Monila Goel, on money laundering charges. The case involves the alleged misappropriation of over Rs 85 crore collected from students for coaching programmes. The ED seeks their conviction under the PMLA and confiscation of properties worth Rs 71.88 crore.
HDFC Bank reported a 5.55 per cent increase in consolidated net profit to Rs 20,700 crore for the September quarter, with incoming MD and CEO Anup Bagchi indicating a focus on strengthening the balance sheet and addressing retail vertical concerns post-merger.
Jio Platforms Ltd's (JPL) public offer, valued at Rs 30,213 crore, was fully subscribed within 100 minutes of opening, making it the fastest-ever subscribed IPO in India, driven by strong institutional demand.
The Delhi Police's Financial Monitoring Cell prevented potential losses of Rs 1.53 crore in "digital arrest" scams across five states. Their Proactive Victim Identification and Protection Team intervened to save multiple victims, including senior citizens, from transferring additional money to fraudsters who impersonated officials and threatened arrest for fabricated crimes.
Some lessons about patience are taught not by monks or teachers, but by government offices, one slow afternoon at a time, reveals Binu Alex.
Jio Platforms, the digital arm of Reliance Industries Ltd (RIL), is launching its initial public offering (IPO) with a price band of 1,065-1,119 a share, aiming to make RIL a net-debt-free company and create long-term shareholder value.
EPF wage ceiling rising to Rs 25,000 could increase employer statutory contributions by Rs 1,200 monthly per employee.
Jio Platforms Ltd's Rs 30,213-crore initial public offering (IPO) has garnered bids worth Rs 3.73 lakh crore, achieving a subscription rate of 5.57 times the shares on offer, driven by robust institutional and anchor investor demand.
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.
Rajasthan Police's Special Operations Group has arrested four more foreign-trained medical graduates for allegedly using forged Foreign Medical Graduate (FMG) screening certificates to secure internships and registration. This brings the total arrests in the case to 33, including 28 medical graduates, former RMC officials, and middlemen. The accused reportedly paid between Rs 27 lakh and Rs 30 lakh for the fake documents and secured internships at government medical colleges. Investigators suspect over 100 beneficiaries in the racket.
