The rise in loan sizes reflects both higher vehicle prices and a shift from entry-level cars to SUVs.
Analysts predict that the Reserve Bank of India's interest rate decision, crude oil prices, and global bond yields will be the primary factors influencing the Indian stock market this week, alongside macroeconomic data and foreign investor activity.
Tata Motors Passenger Vehicles (TMPV) Managing Director and CEO Shailesh Chandra stated that the ongoing tussle between Tata Sons and Tata Trusts is 'of no concern' to TMPV, as it is an independently listed company focused on its own strategy.
A CII white paper released Thursday outlines a strategy for India's media and entertainment sector to achieve a USD 100 billion valuation by the early 2030s, requiring an annual growth rate of 15 per cent and significant policy reforms. The paper identifies key areas for growth, including broadcasting reform, anti-piracy measures, and investment in regional markets.
Indian precision engineering firm Aequs has signed long-term supply agreements with French aerospace major Safran. These contracts will support Safran's supply chain and expand Aequs' role in manufacturing critical aerospace components, including fully assembled A320 family aircraft wheels and landing gear components for various Airbus and Boeing programmes, with significant in-country value addition in India.
The Olympic Council of Asia has signed a contract with Kuwait to host the inaugural Asian Esports and Mind Sports Games in 2027. This new continental event is expected to feature around 4,000 athletes, with discussions ongoing for the Philippines to host the second edition in 2029. Esports has evolved from a demonstration event to an official medal sport at the Asian Games, and this dedicated event offers Indian players more opportunities.
Tata Consultancy Services (TCS) plans for 80% of its new hires to possess digital and Artificial Intelligence (AI) skills, anticipating that the growing share of AI-led work will significantly boost its profit margins.
HDFC Bank's board is actively discussing the appointment of its new managing director and chief executive officer (MD & CEO) as incumbent Sashidhar Jagdishan's three-year term concludes in October, with the Governance, Nomination and Remuneration Committee (GNRC) expected to finalise the process soon.
Technopark-based space-tech startup HEX20 has been selected by the UAE Space Agency to develop a spacecraft for an asteroid probe, marking the first time an Indian private company has been chosen for a deep-space mission by the Gulf nation. HEX20 is contributing its expertise in developing the spacecraft bus and software for the Emirates Mission to the Asteroid Belt, which is scheduled for launch in March 2028 to study asteroid 269 Justitia.
The Sports Ministry conducted a review of India's Asian Games performance, scrutinising the lower-than-expected medal haul in athletics and badminton. Chaired by Sports Minister Mansukh Mandaviya, the meeting addressed issues like injured athletes and future planning for the 2028 Los Angeles Olympics, with a strong emphasis on federations delivering results and nurturing young talent.
GE Aerospace is set to significantly increase its supply chain spending in India, targeting USD 400 million by 2030, up from USD 200 million in 2025. This expansion reflects the company's commitment to India's burgeoning aviation market, driven by substantial aircraft orders and the strategic importance of its manufacturing and technology centres in Pune and Bengaluru.
The Pro Wrestling League (PWL) is set to kick off its sixth season from January 9 to 26 next year in New Delhi, featuring 86 grapplers, including 34 international medallists. Six franchises will compete across Olympic weight categories, with Indian Asian Games medallists and Japanese Olympic champion Yui Susaki among the participants.
The Election Commission of India has revised instructions for the Special Intensive Revision of voter rolls, allowing voters served notices for "No Mapping" or "Logical Discrepancy" categories to avoid physical appearance. Booth Level Officers will collect documents at residences, and submissions can also be made via WhatsApp or during special camps, ensuring a more accessible process for electors.
Indian benchmark indices Sensex and Nifty extended their rally for a second consecutive session, driven by a decline in Brent crude oil prices below USD 100 per barrel and strong buying in banking stocks and Reliance Industries.
Foreign Portfolio Investors (FPIs) have withdrawn Rs 44,166 crore from Indian equities in October, pushing the total outflows for the year past Rs 3 lakh crore, driven by elevated crude oil prices, a stronger US dollar, higher US bond yields, and the allure of AI-led rallies in North Asian markets.
The Shri Ram Janmabhoomi Teerth Kshetra Trust is set to hold crucial meetings to appoint a new general secretary, fill three vacant trustee posts, and deliberate on the appointment of the temple's first Chief Executive Officer (CEO), all while addressing the ongoing donation theft controversy and the Supreme Court's call for a fair investigation.
Formula One will return to Africa after 33 years, with Rwanda securing a 10-year deal to host a Grand Prix from the early 2030s, promising tourism, investment and jobs.
Indian benchmark indices Sensex and Nifty experienced declines in early trade, ending a two-day rally, driven by a spike in Brent crude oil prices above USD 101 per barrel and investor caution ahead of the Reserve Bank of India's monetary policy decision. Track Sensex, Nifty on October 7.
Korean auto major Hyundai plans to invest an additional Rs 4,000 crore in Maharashtra by 2030, aiming to nearly double capacity at its new Pune manufacturing plant to 320,000 units per annum in a phased manner, a top company executive said.
Adani Enterprises and US-based Jabil have signed a non-binding agreement to establish a 50:50 joint venture in India. This JV will manufacture artificial intelligence and data centre equipment, including AI racks, servers, storage, networking gear, and cooling systems, targeting both Indian and global markets. The collaboration aims to capitalise on India's accelerating data centre demand and the surging global investment in AI compute infrastructure.
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.
IBM India and South Asia MD Sandip Patel stated that India is at a defining moment with a unique opportunity to shape exponential technologies like artificial intelligence, emphasizing that "when India builds, it builds for billions," leading to scalable impact. Speaking at the IBM Think 2026 event, Patel highlighted that the AI revolution is still in its early stages, requiring enterprises to redesign their operations around agents, real-time data, automation, hybrid architecture, and trust. He also introduced the concept of "digital swaraj" or sovereignty in the Indian context, stressing the importance of control over operating environments, data, technology, and AI execution. IBM also announced an MoU with MeitY Startup Hub to accelerate India's deep tech innovation and startup ecosystem, providing startups access to IBM's technology expertise and platforms like watsonx and Sovereign Core.
The Shri Ram Janmabhoomi Teerth Kshetra Trust has invited applications for the first Chief Executive Officer (CEO) of the Ram temple in Ayodhya. This new position aims to strengthen administrative and financial management following alleged embezzlement concerns. The CEO will be appointed for a three-year term, overseeing various aspects from finance to pilgrim facilities, and must be an actively practising Hindu with specific managerial experience.
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.
Arsenal manager Mikel Arteta has signed a new contract until June 2030, extending his tenure after guiding the club to their first Premier League title in 22 years and restoring their status as a top European team.
The National Stock Exchange marked its stock market debut at the Bombay Stock Exchange on September 24, 2026, with a traditional gong-ringing ceremony.
Life Insurance Corporation of India (LIC) is facing a thinning of its top management as Managing Director Dinesh Pant exits to join Irdai, leaving one of four MD posts vacant. This comes amidst broader staffing challenges across several public sector insurers and a headless Financial Services Institutions Bureau (FSIB).
HCLTech announced a robust 21.18 per cent increase in its Q2 FY27 consolidated net profit, reaching Rs 5,132 crore, largely propelled by the strong performance and higher margins from its advanced AI operations and a reduced tax burden.
Legendary cricketer Kapil Dev has expressed his support for the Indian golf contingent heading to the Asian Games in Japan, encouraging them to play fearlessly and draw inspiration from representing the nation. He highlighted the talent and experience of the six-member team and urged them to compete with confidence and pride.
Hical Technologies and Safran Aerosystems have signed a Memorandum of Understanding to explore a joint venture for manufacturing complex systems, including fluid and fuel systems, for the Dassault Rafale program in India. This partnership aims to bolster the Make in India initiative, leveraging Hical's expanding manufacturing capabilities and Safran's technology leadership to produce critical aerospace components domestically and for global markets.
Union Minister Ashwini Vaishnaw warned of increased global turbulence from tech disruptions, AI, and financial risks in the coming years. He stated that India is strengthening its economic and technological resilience to protect its growth from external shocks. India is focusing on domestic manufacturing and design in critical tech areas while maintaining global integration, with trust becoming as crucial as cost in supply chains.
Civil Aviation Minister K Rammohan Naidu announced India's ambition to produce its first indigenous civilian aircraft within two years through a joint venture. He highlighted the rapid growth of the country's aviation sector, with significant aircraft orders, planned new airports, and potential for manufacturing jet engines and Sustainable Aviation Fuel, underscoring India's increasing role in global aviation.
The Election Commission of India has addressed reports of internal dissent among its commissioners and clarified that all Special Intensive Revision (SIR) orders and Form 6 updates for voter enrolment received unanimous consent and were upheld by the Supreme Court. The EC also announced measures to ease the process for voters issued notices, including doorstep document collection and extended deadlines in Delhi and Maharashtra, while affirming its commitment to transparent decision-making and meticulous compliance with directives.
Seven para-cyclists, recommended by the national federation for the Asian Para Games, were largely omitted by the Sports Ministry, with only one receiving approval. The excluded athletes are planning a protest, alleging discrimination, while the Sports Authority of India (SAI) maintains selections were based strictly on performance criteria.
Industry leaders at MRAM Expo 2026 highlighted that India's maintenance economy has the potential to unlock a 1 per cent GDP opportunity. This growth can be achieved by addressing productivity losses from equipment breakdowns, unplanned downtime, and inefficient assets through smarter asset management practices. The NITI Aayog also supports AI-based predictive maintenance for resilient infrastructure, while the Indian Asset Performance Management market is projected for substantial growth by 2033.
Elon Musk has escalated his criticism of Indian industrialist Mukesh Ambani, sharing media reports that alleged Reliance-funded firms helped boost BJP campaigns on social media and made large political donations. This comes amidst a persistent delay in the launch of Starlink satellite broadband services in India, with Musk accusing Ambani of protecting a monopoly. The Indian government maintains its telecom framework is fair and non-discriminatory, while Reliance has not publicly responded to Musk's allegations.
Former RBI Governor Bimal Jalan, ex-IAF Chief NAK Browne, and other prominent figures in Delhi have received notices regarding discrepancies in their voter details during the ongoing Special Summary Revision (SIR) of the electoral rolls. Over 33 lakh electors have been identified for such notices, with a deadline of September 30 for responses.
'The Rs 35,000 crore of capex every year, I don't get to sign 35 paise out of this.'
The Delhi poll body has issued notices to several prominent voters, including Chief Minister Rekha Gupta and AAP supremo Arvind Kejriwal, for discrepancies in their enumeration forms during the ongoing Special Intensive Revision (SIR) exercise. While Gupta's entry has been validated, millions of other voters, including other political figures, have received notices for issues like age-related mismatches or being unmapped with previous SIR records, requiring them to submit documents by October 29.
