'We see a lot of cases of bank deposits getting lost, especially when people die, so this will help address that because you have one consolidated view.'
Several political parties in Tamil Nadu, including the ruling TVK and opposition DMK, walked out of an all-party meeting convened by the Election Commission. They demanded the resignation of Chief Election Commissioner Gyanesh Kumar, citing alleged irregularities and a lack of transparency in the previous Special Intensive Revision of electoral rolls, where millions of voters were reportedly removed or flagged. The AIADMK and BJP attended the meeting, with AIADMK also raising concerns about the large number of affected voters.
India's retail inflation surged to 5.54 per cent in September, primarily due to a significant increase in onion and other food prices, remaining just within the Reserve Bank of India's tolerance band. This marks the highest inflation since the new series with base year 2024 took effect in January.
Customer experience firm Fusion CX is significantly investing in AI-enabled services and data infrastructure, aiming to increase its share in total turnover to 25% within 12-18 months. The company, which reported a turnover of Rs 1,818.13 crore in FY26, is preparing for an IPO of Rs 800-1,000 crore in October, driven by organic growth, acquisitions, and its AI strategy.
India's government has implemented stringent new regulations under the Telecommunications Act 2023, mandating that all communication infrastructure providers, including those utilising cloud-based networks, must store telecommunication data exclusively within the country, a move expected to significantly impact domestic data centre demand.
Zoho Corporation has paused annual pay hikes and reduced marketing expenditure, citing a four-fold increase in server prices for AI infrastructure and an uncertain software sector outlook, according to founder Sridhar Vembu.
Infosys CEO Salil Parekh stated on Tuesday that the company's AI services, currently contributing over 8% of revenue, are growing rapidly and could account for almost half of its work within two to three years. He highlighted the strong demand for AI services, the company's hiring and training efforts for graduates in AI, and discussed potential risks like infrastructure challenges and societal backlash.
The proposal caught auto makers by surprise.
The 200-DMA is a closely watched indicator of a stock's long-term trend and can serve as an early warning of trouble.
Indian equity benchmarks Sensex and Nifty rallied up to 1 per cent in early trade, driven by strong performance in IT stocks, Reliance Industries, and favourable global market sentiment, rebounding from previous losses.
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.
Data infrastructure company NetApp has introduced Novus, a new storage architecture designed for large-scale AI factories, alongside significant enhancements to its AI Data Engine, hybrid multi-cloud operations, and strategic partnerships with Nutanix and SAP. These initiatives aim to improve data management, security, and efficiency for AI workloads and enterprise cloud infrastructure.
Delhi Police have dismantled a sophisticated cyber fraud network that allegedly used 37 mule bank accounts to siphon off Rs 7.36 crore from 99 complaints nationwide. Six individuals, including two bank branch managers and four sales staff, have been arrested for their alleged involvement in opening accounts with forged documents and converting illicit funds into cryptocurrency.
Indian benchmark equity indices, Sensex and Nifty, closed higher on Monday, driven by softer-than-expected US jobs data which reduced expectations of aggressive monetary tightening by the US Federal Reserve, boosting risk appetite across emerging markets.
Indian equity benchmark indices extended losses for a second consecutive session, with the Sensex dropping 143 points, driven by a sell-off in power, banking, and financial stocks, coupled with elevated crude oil prices and persistent FII selling.
NetApp CEO George Kurian announced that India is the company's fastest-growing market in Asia, driven by strong performance in BFSI, manufacturing, IT services, and public sectors. The company's Bengaluru global capability centre is its largest, housing 4,000 engineers and leading global R&D. NetApp also unveiled new AI-focused storage solutions and cloud partnerships at its Insight event.
An assistant professor at a Jodhpur university was sacked and arrested following multiple allegations of sexual harassment, including sending obscene messages, pressuring students for personal relationships, and using academic performance to coerce them. The university terminated his services, and police arrested him on Monday, securing two-day custody for questioning.
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.
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.
India's sedan market is experiencing a notable divergence: affordable entry-level sedans are gaining market share, while midsize sedans are seeing a significant decline as buyers increasingly opt for SUVs in higher price brackets.
India's foreign exchange reserves experienced a notable decline of USD 8.578 billion, settling at USD 726.027 billion for the week ending October 9, marking a continued downward trend from their September peak.
The Election Commission of India has commenced preparations for the upcoming assembly elections in five states, with senior officers visiting Uttarakhand and scheduled to visit Manipur and Punjab soon.
A 56-year-old Uttar Pradesh Home Guard was arrested for allegedly strangling his wife and daughter to death in Lucknow. The accused, Ravindra Shankar, reportedly used a data cable while they were asleep. Preliminary investigations suggest a history of domestic disputes, including the wife leaving home with jewellery and the daughter having two failed marriages. In a separate incident, a painter was found dead after an alleged assault during a party in the same area.
Analysts predict that crude oil prices, geopolitical tensions in West Asia, and upcoming inflation data will be the primary drivers of the Indian stock market this week, alongside foreign investor activity and domestic quarterly earnings.
'It is to observe the Sun continuously that you have the Aditya L1 mission.' 'It is in a position from where it can observe the Sun continuously.'
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.
Jammu and Kashmir has begun the deportation process for Bangladeshi nationals allegedly staying illegally in the region, with 150 individuals already shifted to West Bengal. This action follows a survey identifying around 600 illegal immigrants and coincides with the Union Home Ministry's High-Level Committee on Demographic Change (HLCDC) investigating illegal immigration across India.
Indian telecom gear maker Signaltron and semiconductor firm Signalchip have partnered with Indonesia's sovereign research body PRT BRIN to develop and deploy advanced telecom technologies, including 4G, 5G, and future 6G, specifically tailored for Indonesia's unique archipelagic geography to connect underserved regions.
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.
West Indies spinner Akeal Hosein acknowledges India as a "very dangerous" side ahead of the upcoming five-match T20I series. He discusses the challenges of bowling in the powerplay against India's strong batting lineup and emphasizes the importance of planning, execution, and sticking to effective strategies, aided by data. Hosein asserts that the West Indies team is ready for the challenge and will not back down.
Mumbai Police revealed actor Tiger Shroff was allegedly fired upon at the behest of Lawrence Bishnoi gang member Anil Pandit. The probe has expanded, leading to the arrest of five more individuals, including two women who allegedly smuggled weapons. Three key accused were brought to Mumbai and remanded to police custody as investigators seek to uncover the full conspiracy and recover weapons.
Mid and smallcap mutual fund schemes in India have quadrupled their assets under management (AUM) to 10 trillion in five years, driven by strong investor inflows and market gains, with experts anticipating continued growth despite mixed valuations.
More than half of the bills introduced in the 18th Lok Sabha have been passed by both Houses in the same session, a significant acceleration compared to previous terms, raising concerns about the time available for legislative scrutiny and stakeholder consultations.
Indian benchmark indices Sensex and Nifty traded lower in early sessions due to profit-taking and significant foreign institutional investor (FII) outflows, despite strong performance from IT stocks like Tech Mahindra. Track Sensex, Nifty on October 16.
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.
Sustained selling by foreign investors is weighing on domestic equities, with the benchmark Sensex and Nifty 50 down 15.60 per cent and 14.4 per cent, respectively, this year.
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 new report by BinQle indicates India will face a significant demand-supply gap of artificial intelligence professionals by 2026, requiring 1.4 million AI experts against an available pool of 400,000. This shortage could hinder growth for enterprises and GCCs, driving up salaries and necessitating continuous reskilling and strategic talent development.
A Delhi court has denied anticipatory bail to a university professor accused of raping a former student and threatening to circulate her objectionable videos. The court cited WhatsApp chats indicating coercion and the risk of witness tampering and evidence destruction if bail were granted. The investigation has been assigned to a senior police officer.
Jio Platforms' initial public offering has garnered an overwhelming institutional demand of approximately Rs 2.5 lakh crore, significantly exceeding its Rs 8,110-crore anchor book, with global and domestic investors vying for a stake in the Reliance Industries subsidiary.
