The National Stock Exchange of India's initial public offering (IPO) was subscribed 5.69 times, with qualified institutional buyers (QIBs) showing the strongest demand, as the Rs 22,561-crore issue moves towards allotment and a planned listing on the BSE.
Finance Minister Nirmala Sitharaman has called for enhanced accountability and safeguards for artificial intelligence, particularly as it integrates into critical sectors like finance. Speaking at the Global Fintech Fest, she highlighted the dual nature of AI, capable of accelerating transactions but also amplifying fraud and cyberattacks. Sitharaman stressed the need for human and institutional responsibility in AI-driven decisions, urging regulators and companies to scrutinise high-risk AI applications. She also proposed a federated industry platform for Indian tech companies to navigate international regulations and ensure tax compliance globally.
Weak verbs and poor language can make even impressive achievements seem ordinary, points out Nayagam PP, a career coach and founder of EduJob360.
A Delhi court has criticised Gurugram Police for a "botched" investigation into the murder of real estate professional Yuvraj Singh Manchanda, particularly for cremating his body without identification. The court noted discrepancies between the post-mortem report and Delhi Police's findings regarding the cause of death, highlighting significant delays in uploading details to the ZIPNET database.
'This rise in foreign exchange reserves was expected given the amount of FCNR(B) flow.'
RBI Deputy Governor Shirish Chandra Murmu has dismissed concerns that the new Merchant Discount Rate (MDR) on UPI payments above Rs 2,000 will increase cash transactions. He also clarified the 'cash paradox' of rising digital payments alongside cash in circulation, explaining cash's dual role. Murmu further detailed the RBI's extensive regulatory changes aimed at reducing compliance burdens and emphasised that accountability for AI-driven decisions in finance will remain with institutional boards.
The BJP spent Rs 286.99 crore on the West Bengal elections, surpassing the Congress's total expenditure of Rs 248.55 crore across five states and a Union territory. The report details spending by major parties in West Bengal, Kerala, Assam, Tamil Nadu, and Puducherry, highlighting significant financial disparities and campaign outlays.
The Enforcement Directorate conducted two-day searches across Chandigarh, Punjab, and Maharashtra, seizing mobile phones, laptops, and cash. This action is part of a money laundering investigation into a "fake" call centre accused of defrauding US citizens through spam emails.
A senior Geological Survey of India official warns that the Himalayas are vulnerable to cascading disasters, where one high-altitude event can trigger a chain of destructive events downstream, as evidenced by Nepal's recent floods. He stresses the need for integrated monitoring using satellite data and ground investigations to identify high-risk areas and improve preparedness in the Indian Himalayas.
Analysts predict that developments in US-Iran negotiations, fluctuations in crude oil prices, and key global economic data will be the primary drivers of gold and silver prices in the coming week, with a strong focus on talks in Switzerland.
The Indian government is pressing all states and Union Territories (UTs) to publish their rules under the four new labour Codes by October 31, aiming to fully operationalise the new labour law framework. This move is crucial as labour falls under the concurrent list, requiring state-level rule-making for effective implementation.
The Delhi Chief Electoral Officer's office has issued notices to over 33 lakh voters, including former deputy prime minister LK Advani, External Affairs Minister S Jaishankar, and former vice-president Jagdeep Dhankhar, over discrepancies in their electoral roll details. These notices are part of the Special Intensive Revision (SIR) exercise, primarily due to details not matching with the 2002 SIR. Despite concerns raised by some politicians, officials assure that no names will be deleted without due verification and an opportunity for voters to respond.
Jindal Supreme (India) Ltd's initial public offering, a manufacturer of plastic piping solutions, was subscribed an astounding 181.07 times on its final day, reflecting robust investor demand across all categories.
India's passenger vehicle (PV) exports saw a 17 per cent year-on-year decline in August, contrasting sharply with a 36.5 per cent surge in domestic dispatches, which reached a record high for the month as automakers prepared for the festive season.
Investors are keenly awaiting clarity on Reliance Jio Infocomm's IPO, the company's AI and data centre strategies, and next-generation leadership structure at Reliance Industries Ltd's (RIL's) 49th annual general meeting (AGM).
The Enforcement Directorate has arrested Deepesh Bajoria, a principal bookie from Guwahati, in connection with a large-scale money-laundering investigation linked to an illegal T20 cricket-betting syndicate operating during IPL seasons across the Northeast. Bajoria allegedly used online platforms and encrypted channels to facilitate betting, routing over Rs 28 crore through a non-operational firm's bank account.
The Maharashtra government has declared 265 out of 358 talukas as drought-affected, covering 74% of the state, due to significant rainfall deficit. This declaration activates 'Trigger-1' of the state's drought management framework, leading to the announcement of various relief measures for farmers and residents, including loan restructuring, revenue concessions, and provisions for water and fodder.
Barcelona forward Lamine Yamal revealed he has experienced racism thousands of times, highlighting both overt abuse and unconscious bias while maintaining that such disrespect will not disrupt his focus during matches.
New research from the University of Sheffield indicates that greenhouse gas emissions from petrochemical production could increase by 50 per cent by 2050 under a business-as-usual scenario. The study, published in Nature Sustainability, provides the first detailed global map of these emissions, identifying key sources and highlighting the challenge of decarbonising the sector.
The NCP (SP) has demanded a complete rollback of the 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000, effective October 15. The party termed the move a "direct assault" on small traders and shopkeepers, accusing the Modi government of "double standards" by burdening small merchants while large industrialists benefit from loan write-offs.
75% of India's 60 million digital-payment merchants have never recorded a transaction above 2,000.
Salesforce has entered a multi-year partnership with FIDE, becoming the title sponsor for the 2026 and 2028 World Championship Matches and the 2027 Women's World Championship Match, and integrating its AI solutions to enhance FIDE's operations, player rankings, and fan engagement.
'I don't think the government will sacrifice such a fine institution for monetary gains.'
Meta has partnered with Reliance Industries Ltd (RIL) to construct its first AI-powered data centre in India, a 168-megawatt facility located in Jamnagar, marking a significant milestone in Meta's global infrastructure expansion and deepening its strategic partnership with Reliance.
Police have recovered a motorcycle allegedly used in the killing of a 28-year-old gym trainer in Aya Nagar. Two suspects have been identified, and raids are underway to apprehend them. The investigation is delving into a long-running rivalry involving previous murders and potential organised crime links.
Indian track and field athletes, including Avinash Sable and Parul Chaudhary, are using a specialised 'smart track' at SAI NCOE Bengaluru to fine-tune their preparations for the upcoming Asian Games.
Delhi is experiencing heavy rainfall and strong winds, prompting the India Meteorological Department (IMD) to issue a red alert, which is impacting ongoing preparations for the crucial BRICS Summit.
India's derivatives market experienced a significant 23 per cent fall in average daily contracts traded in August, reaching a 13-month low of 224 million. This decline is primarily attributed to regulatory changes, including a higher securities transaction tax (STT) and enhanced collateral requirements, alongside the introduction of a closing auction session.
Google's Gemini reportedly hacked three companies in the first known breakout, after the model accessed the internet and breached external systems during an evaluation of its cybersecurity capabilities.
Trinamool Congress leader Saket Gokhale has accused the Election Commission of India (ECI) of withholding details about the software and algorithm used for the Special Intensive Revision (SIR) of electoral rolls. Citing an RTI response, Gokhale highlighted the ECI's claim that the information relates to "commercial confidence, trade secrets and intellectual property matters," raising concerns about transparency in the electoral process.
Shares will be allocated across different institutional investors, including domestic mutual funds, other domestic institutions and FPIs.
The Supreme Court has noted that the Special Investigation Team (SIT) probing alleged embezzlement at the Ram temple in Ayodhya identified 105 instances of unauthorised currency removal from the counting room. While no discrepancies were found in valuable articles like silver bricks, eight accused have been identified, and a chargesheet is expected soon. The investigation involved examining CCTV footage, financial records, and witness statements.
Private corporations in India invested approximately 30.3 trillion in fixed assets during FY25, marking a 7 per cent increase from the previous year, according to the statistics ministry. This growth in private capital expenditure contrasts with a slowdown in government capital spending.
Prime Minister Narendra Modi has called upon the fintech industry to expand the global footprint of the Unified Payments Interface (UPI), advocating for its integration with international payment systems to reduce remittance costs for the Indian diaspora. Speaking at the Global Fintech Fest, Modi highlighted UPI's current presence in 11 countries and its connection with Singapore's local system, urging further expansion into nations with significant Indian populations or trade ties. He also stressed the need for India to set its own global payment standards and for the fintech sector to innovate beyond payments, focusing on cybersecurity, ethical data protection, and regulatory frameworks.
Indian benchmark indices, Sensex and Nifty, closed higher on Thursday, breaking a three-day losing streak, driven by late buying in financial heavyweights like HDFC Bank and Axis Bank, despite persistent geopolitical tensions and crude oil prices exceeding USD 100 per barrel.
Shailesh Chandra, MD and CEO of Tata Motors Passenger Vehicles (TMPV), stated that the uncertainty surrounding how long commodity costs will remain elevated is a greater concern for the company than the actual price increases. He noted that commodity prices have risen significantly over the past five to six months, impacting margins and necessitating faster cost-reduction efforts, though no major production or supply-side issues are currently foreseen.
The Election Commission of India has defended its Special Intensive Revision (SIR) of voters' lists, asserting that differing views among Commissioners are a normal part of deliberations and all orders carry full legal sanction, following reports of two Commissioners red-flagging issues.
The Supreme Court has sought responses from the Union ministries of electronics and information technology and law and justice regarding a plea for safeguards for minors on social media. The NGO 'Just Rights for Children Alliance' filed the plea, arguing that social media platforms should not enter into contracts with children under 18, citing their statutory incapacity to contract and the risks of online harm.
State-run Oil and Natural Gas Corporation (ONGC) has made a significant gas discovery in the deep waters of the Mahanadi Basin off the Odisha coast, recording encouraging flow and sustained reservoir pressure, a breakthrough for India's deepwater exploration programme.
Indian benchmark indices, Sensex and Nifty, traded flat in early deals due to elevated crude oil prices exceeding USD 100 per barrel and persistent geopolitical tensions, which subdued investor risk appetite.
