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.
Indian benchmark equity indices, Sensex and Nifty, significantly recovered from sharp early losses, driven by buying in State Bank of India and Reliance Industries, alongside fresh foreign fund inflows, despite declines in Axis Bank and HDFC Bank.
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.
Jio Platforms Ltd's Rs 30,213-crore initial public offering was subscribed 3.01 times, attracting approximately Rs 66,500 crore in public bids, with qualified institutional buyers oversubscribing their portion by 9.02 times, while retail investor demand remained under-subscribed at 0.68 times.
The Sports Ministry has revised its Scheme of Assistance to National Sports Federations (ANSF), significantly increasing financial support for organising international events in India, with up to Rs 50 crore available. The new guidelines also maintain funding for National Championships, introduce assistance for National Games, and outline plans for Olympic Training Centres, aligning with India's 2036 Olympic bid and 2030 Commonwealth Games aspirations.
Prime Minister Narendra Modi and US President Donald Trump held a telephone conversation to review progress in bilateral ties, covering trade, defence, and energy, against the backdrop of heightened trade friction due to the 'Lindsey O. Graham Sanctioning Russia and Iran Act of 2026'.
Microsoft has officially launched its fourth cloud region in India, located in Hyderabad, as part of its USD 20.5 billion investment in the country's digital and AI infrastructure. This new facility, which became available on August 6, features zero-water cooling technology and aims to enhance capacity and resilience for organisations in India and Asia, supporting the nation's rapid digital growth and projected increase in data centre capacity.
Sports Minister Mansukh Mandaviya inaugurated the BRICS Traditional and Indigenous Sports Demonstration Games, emphasising India's commitment to placing sport at the core of nation-building through significant investment in infrastructure and grassroots development. He highlighted India's indigenous sports like Mallakhamb, Yogasana, and Kalaripayattu, and discussed the country's ambition to host major international events, including the 2036 Olympic Games.
The Delhi Golf Club is set to host the star-studded DP World India Championship from October 15 to 18, featuring top golfers like Rory McIlroy, Tommy Fleetwood, and other Major winners. The USD 4 million event, held at the historic venue, aims to boost golf's profile in India and offer young Indian players a chance to learn from the best.
Indian benchmark indices, Sensex and Nifty, recovered early losses on Wednesday, driven by strong buying in IT stocks and HDFC Bank, sustaining the previous session's recovery despite FII outflows. Track Sensex, Nifty on October 14.
Apple's highly anticipated and most expensive foldable smartphone, the iPhone Duo, has completely sold out its first week's stock in India through pre-bookings, ahead of its official sale date of October 23. This strong demand, particularly at Apple Stores in Mumbai and New Delhi, signals a significant entry into the premium foldable market.
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.
Two-time Olympic medallist PV Sindhu advanced to the second round of the Arctic Open Super 500 tournament in Finland. While Sindhu secured a comfortable win, other Indian shuttlers like Unnati Hooda, Ashmita Chaliha, and Malvika Bansod faced defeats, marking a mixed day for the contingent. Tharun Mannepalli and Rounak Chouhan, however, successfully entered the men's singles main draw.
Aditya Birla Group Chairman Kumar Mangalam Birla stated on Tuesday that investments in artificial intelligence should be driven by potential returns, not by a "fear of missing out." Speaking at the 2026 Bloomberg New Economy Forum, Birla indicated that his group would adopt AI more gradually than previously planned, moving away from an "AI arms race" mentality. He also discussed the varied applications of AI across different business sectors, the challenges of capital allocation, and the impact of geopolitical events on global companies.
The Victoria's Secret Fashion Show returned to the spotlight in Los Angeles on October 18, bringing together some of the world's biggest models and music stars for a night of high-octane glamour.
P V Sindhu and Lakshya Sen faced early exits at the Denmark Open badminton tournament on Tuesday, while Kidambi Srikanth and Tanvi Sharma secured hard-fought victories to advance to the second round. Sindhu lost to Yvonne Li, and Sen was defeated by Chou Tien Chen. Srikanth will face Alex Lanier, and Tanvi Sharma will play Yvonne Li next.
Indian stock markets closed lower, with the Sensex falling 429 points, after the Reserve Bank of India raised its benchmark interest rate for the first time in nearly four years, coupled with rising crude oil prices and persistent foreign fund outflows.
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.
Two-time Olympic medallist P V Sindhu was defeated by top seed Ratchanok Intanon in the quarterfinals of the Arctic Open Super 500 tournament. The match went to three games, with Intanon securing a 21-11, 19-21, 21-18 victory. This loss extends Intanon's head-to-head lead over Sindhu to 10-4. Earlier, Sindhu had advanced by beating Riko Gunji. India's men's doubles pair also exited the tournament in the quarterfinals.
The DP World India Championship, co-sanctioned by the DP World Tour and DP World PGTI, is set to begin at the Delhi Golf Club on Thursday. The event features top international golfers like Rory McIlroy and Tommy Fleetwood, alongside a strong Indian contingent including Saptak Talwar, Khalin Joshi, and Veer Ahlawat, who are vying for the DP World PGTI Order of Merit title and a spot on the DP World Tour.
The Reserve Bank of India's recent measures, including a dedicated dollar window for state-run oil marketing companies and tightened foreign exchange derivative rules, are expected to provide near-term relief to the rupee's depreciation, but market participants believe global factors and balance of payment dynamics will continue to exert pressure in the medium term.
Two-time Olympic medallist P V Sindhu has advanced to the quarterfinals of the Arctic Open Super 500 tournament after defeating Japan's Riko Gunji. However, it was a disappointing day for Indian men's singles players, with Tharun Mannepalli, Tanvi Sharma, and Kidambi Srikanth all bowing out of the competition.
US President Donald Trump has extended the USD 100,000 fee on employers for H-1B foreign workers for another year, citing a significant decrease in registrations from large IT outsourcing firms. This move, aimed at protecting American jobs and ensuring highly-skilled workers, also includes a separate proclamation for enhanced scrutiny of H-1B applications, particularly concerning potential layoffs of US workers.
President Donald Trump has announced a promise to issue a USD 5,000 dividend to every adult US citizen if Republicans secure victory in both the House and the Senate in the upcoming midterm elections, citing the nation's economic success under his administration.
Paytm founder Vijay Shekhar Sharma has pledged personal funds, ranging from Rs 1 crore to Rs 2 crore, to Indian entrepreneurs developing their own artificial intelligence models. This initiative aims to foster indigenous AI capabilities and reduce reliance on foreign models, echoing Sharma's past success in mobile payments.
Indian golfer Shubhankar Sharma is looking to regain his form at the upcoming DP World India Championship at the Delhi Golf Club. The 30-year-old, who has faced a challenging season, is optimistic about his game trending upwards. The prestigious USD 4 million event will feature several top international players, including reigning Major champions, making it a blockbuster tournament.
Eugenio Chacarra of Spain holds a two-shot lead at the DP World India Championship after a strong third round was suspended due to fading light at the Delhi Golf Club on Saturday. Chacarra reached 14-under par, with compatriots Angel Hidalgo and Joost Luiten trailing at 12-under. The tournament has faced schedule disruptions due to earlier weather delays, setting up a demanding final day for players, including top contenders like Patrick Reed and Rory McIlroy, and Indian golfers led by Om Prakash Chouhan.
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.
Spain's Eugenio Chacarra holds a one-shot lead at the DP World India Championship after the second round, with six Indian golfers successfully making the cut. Om Prakash Chouhan is the best-placed Indian, while Yuvraj Sandhu made a remarkable comeback. Several major champions also qualified, but some prominent Indian names missed the cut, leaving a tightly packed leaderboard.
The 2026 Hero Women's Indian Open will see the return of three past champions Shannon Tan, Liz Young, and Olivia Cowan at the DLF Golf & Country Club from October 22-25. The prestigious Ladies European Tour event, offering a USD 500,000 prize, will also feature other top international golfers and the Indian contingent vying for the title after a decade.
Microsoft has inaugurated its India South Central data centre region in Telangana, marking its fourth cloud region in the country and significantly expanding its cloud and AI infrastructure. This strategic investment supports Telangana's ambitious goal of achieving 5 GW of data centre capacity by 2029 and attracting USD 30 billion in digital infrastructure investments, further solidifying Hyderabad's role as a global technology hub.
Microsoft has inaugurated its India South Central data centre region in Telangana, marking its fourth cloud region in the country and significantly expanding its cloud and AI infrastructure. This strategic investment supports Telangana's ambitious goal of achieving 5 GW of data centre capacity by 2029 and attracting USD 30 billion in digital infrastructure investments, further solidifying Hyderabad's role as a global technology hub.
Microsoft has inaugurated its India South Central datacenter region in Telangana, marking its fourth cloud region in the country. This expansion aims to bolster India's cloud and AI infrastructure, with Telangana targeting 5 GW of datacenter capacity by 2029 and attracting significant investment in the digital ecosystem.
Amazon CEO Andy Jassy announced an additional USD 13 billion investment in India, bringing the company's total capital commitment to USD 48 billion by 2030. This significant investment will primarily focus on expanding AI and cloud infrastructure, supporting job creation, boosting e-commerce exports, and digitising small businesses, aligning with India's growing digital economy.
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.
A country that makes the isotope sets the timetable for everyone who needs it.
The FBI has placed gangster Satinderjeet Singh, known as Goldy Brar, on its Ten Most Wanted Fugitives list, offering a USD 1 million reward for his alleged involvement in the Lawrence Bishnoi Organized Crime Group's violent activities across North America.
The International Cricket Council (ICC) is actively pursuing a strategy to expand cricket in China, leveraging the sport's recent inclusion in the Olympics. Plans include establishing a Centre of Excellence, supporting a Tier 2 event, and promoting women's cricket, with significant investment and collaboration with the Chinese Cricket Association to embed the sport deeper into the country's sporting system.
Reserve Bank of India Governor Sanjay Malhotra has stated that the rupee may be 'undervalued' by many estimates and assured that the RBI will work to ensure its stability and help it find its 'correct value' amidst recent depreciation.
The US Citizenship and Immigration Services (USCIS) has announced a significant increase in fees for the EB-5 Immigrant Investor Programme, effective November 30. This programme allows foreign investors, including many from India, to obtain permanent residency by investing in US commercial enterprises and creating jobs. The fee hikes, some more than doubling, are intended to fund USCIS operations, which are largely supported by fees rather than taxes.
