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.
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.
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.
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 deep depression in the Bay of Bengal has intensified into Cyclone Arnab, expected to become a very severe cyclonic storm by October 27. It is forecast to cross the Andhra Pradesh and Yanam coasts on the morning of October 28, bringing heavy rainfall and strong winds. Authorities are urging residents to remain alert and take precautions.
'Starting late isn't a financial death sentence -- it's just a call to action. You can't change your starting line but you have full control over how hard you run to the finish'
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.
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.
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.
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.
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.
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.
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.
Mukesh Ambani fought back tears as his three children, Akash, Isha, and Anant Ambani, took the stage at the stock market listing of Jio Platforms Ltd, marking an emotional moment that signals the next generation's readiness to lead one of India's largest corporate empires.
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.
'There should have been more transparency in the process which even today we don't know.'
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.
The United Forum of IDBI Officers & Employees has voiced "profound concern" over the Centre's reported decision to proceed with the strategic disinvestment of its controlling stake in IDBI Bank to Fairfax Financial Holdings, urging a parliamentary review of the proposed sale.
The World Health Organisation (WHO) has confirmed that Russian authorities reported no recent plague cases in Irkutsk oblast following the death of a laboratory worker from severe pneumonia. Initial media reports had suggested pneumonic plague, but investigations found no high-threat pathogens among contacts, and the cause of death is still being clarified by WHO.
'Indian IT firms must hire and train more Americans while reducing dependence on sending employees from India to the US.'
Tewolde Gebremariam, Air India's CEO and MD-designate, has outlined passenger safety, operational reliability, and sustainable profitability as the airline's foremost priorities, emphasising a stronger safety-reporting culture and improved disruption recovery.
Delhi Police have taken stringent measures to prevent the Cockroach Janta Party's 'Lehra Do Tiranga' march in Connaught Place, deploying thousands of personnel and citing prohibitory orders under Section 163 of the BNSS due to risks of traffic disruption, stampede, and threats to public safety.
Punjab Chief Minister Bhagwant Mann has condemned the murder of anti-drug activist Parvinder Singh, alias Jhota, in Mansa, assuring strict action against all involved. He also criticised opposition parties for politicising the incident. The medical store owner accused of the shooting was arrested, and public outrage led to property damage.
Nuh Police have revealed that Shahid alias Advani, a wanted criminal killed in a recent encounter near Sohna, had 70 cases registered against him across Haryana, Rajasthan, and Uttar Pradesh. The cases include serious charges like murder, rape, kidnapping, and robbery. Police are now thoroughly reviewing his extensive criminal history.
Hyderabad cybercrime police have arrested two individuals involved in a 'digital arrest fraud' case where an elderly man was duped of Rs 29.17 lakh. The accused facilitated mule bank accounts and cryptocurrency transactions to conceal the money trail for an absconding third accused. The victim was threatened with arrest by fraudsters impersonating officials from Delhi Police, CBI, and ED.
West Bengal Chief Minister Suvendu Adhikari has initiated an investigation into the role of temporary home guards following a stampede at a Kolkata Durga Puja pandal that killed 19 people. Adhikari criticised the previous administration and highlighted issues with crowd management and the conduct of home guards during the incident. The probe will also include puja organisers and licensing authorities, while a Special Investigation Team (SIT) will be formed. Seven people, including organisers, have been arrested.
Gurugram police have arrested two individuals, Mukesh Mandal and Ganesh Kumar, in connection with the murder of auto-rickshaw driver Arvind. The motive appears to be a dispute over a transport contract and alleged abusive language, leading Mukesh to hold a grudge against Arvind. The victim's body was found on Saturday, and the arrests were made on Monday.
India's Code on Wages mandates strict payout deadlines, two-day full and final settlements, universal wage coverage and capped deductions to safeguard employees and enhance payroll transparency nationwide.
The owner of a medical store, Ashwani Kumar, accused of fatally shooting anti-drug activist Parvinder Singh Jhota in Punjab's Mansa, has been arrested from Rajasthan. Following his arrest, angry mobs set his medical store ablaze and authorities razed a portion of his house, while Jhota's father has called for a statewide bandh on October 15.
Uttarakhand Police have arrested Pramod Nautiyal, a suspended employee of the Shri Badrinath-Kedarnath Temple Committee (BKTC), in connection with alleged irregularities in the handling of donations at the Badrinath temple. Nautiyal, formerly PA to the BKTC chairman, faces questioning after an FIR was lodged and an inquiry committee found prima facie evidence against him.
'It seems the prime minister may not be given the real picture about the country's space sector and ISRO. So, we are having the seminar to bring the issues to his notice.'
