Air Chief Marshal AP Singh has voiced concerns over significant delays in inducting new combat jets, including the Tejas aircraft, which are impacting the Indian Air Force's depleting fighter squadron strength. He stressed the need for annual induction of 36-40 jets to address the gaps and discussed ongoing procurement plans like the MRFA deal and future strategies for combat aircraft and theatre commands.
Marco Rubio will visit Mumbai and Jamnagar to discuss energy cooperation as S Jaishankar says India-US trade talks are nearing a landing point, with a few issues unresolved.
South African jurist Navanethem 'Navi' Pillay, of Indian origin, has been awarded the 2026 Nobel Peace Prize for her lifelong dedication to advancing human rights, peace, and international law, including her significant contributions to shaping international law on genocide and sexual violence.
The Indian Army has launched 'Bharat Rice', a superior-quality rice for defence forces, aimed at improving ration quality and logistics. This initiative, spearheaded by the Directorate General of Supplies and Transport, involves direct supply to Army Supply Depots, including remote areas, and an MoU with FCI for infrastructure utilisation during contingencies. Defence Minister Rajnath Singh highlighted its significance for soldier welfare, operational readiness, and national security, emphasising logistics as combat power.
US Vice President J D Vance has labelled the H-1B visa programme as "completely broken" and expressed support for its total abolition. He argues that corporations exploit the system to replace American workers with cheaper international staff, rather than bringing in elite talent. Vance also defended the controversial $100,000 levy on certain H-1B petitions, viewing it as a deterrent against cost-cutting exploitation.
Prime Minister Narendra Modi has urged for a global framework to combat cross-border cyber frauds and deepfakes, highlighting the need for governments, tech companies, telecom operators, and financial institutions to collaborate. Speaking at the India Mobile Congress 2026, Modi stressed that technology thrives on trust and that India is ready to share its expertise in tackling cyber threats. He also noted the rapid expansion of 5G and the success of digital governance initiatives like Direct Benefit Transfer.
Kazakh businessman Timur Turlov has been elected the new president of the world chess governing body FIDE, succeeding Arkady Dvorkovich. Turlov won a closely contested election against German entrepreneurs Wadim Rosenstein and Jan Henric Buettner, securing a four-year term. His victory comes amidst scrutiny over Russian influence and FIDE's financial independence, with Turlov campaigning on expanding digital reach and supporting smaller federations. He also addressed concerns about his ties to the outgoing administration and FIDE's commercial partner, Freedom Holding Corp.
Chief Election Commissioner Gyanesh Kumar is facing significant scrutiny after an investigation revealed objections from his fellow election commissioners, Sukhbir Singh Sandhu and Vivek Joshi, regarding decisions made during the Special Intensive Revision of voter lists. The objections, reportedly made at least 14 times, concerned issues like changes to voter registration forms and centralised control over electoral roll databases, intensifying criticism of Kumar's tenure and the EC's impartiality.
Indian automobile retail sales reached a record 25,36,920 units in September, marking a 31.82 per cent year-on-year growth, with passenger vehicles recording their highest-ever September sales at 4,27,213 units, according to the Federation of Indian Automobile Dealers (FADA).
The Supreme Court has dismissed a plea by the Mamata Banerjee-led TMC faction to operate four debit-frozen bank accounts, upholding a Calcutta High Court order. The accounts, holding around Rs 804 crore, are under investigation due to alleged cash deposits and a factional dispute within the party. The court noted the Election Commission's symbol freeze and requested the High Court to expedite the larger adjudication.
Kumkum Mohod, a 17-year-old archer from Amravati, has achieved significant success at the Asian Games, securing a gold and a silver medal. Her father and coach highlight her journey from a bamboo bow to international competitions, overcoming financial challenges, and her ultimate dream of representing India at the Olympics. Her performance, particularly against South Korea, has brought pride to her family, hometown, and the nation.
Citron, a brand under Stellantis, anticipates that three-fourths of its sales in India will originate from Tier-II, Tier-III, and smaller cities within the next five years, a significant increase from its current 55 per cent, as it expands its retail network beyond major urban centres.
Patrice Caine, Chairman and CEO of Thales, highlighted Artificial Intelligence as both a major cybersecurity challenge, accelerating attack speed and autonomy, and a crucial tool for defenders. He also warned about quantum computing's future threat to encrypted data. Thales introduced new AI-powered solutions like Luna 8 and CipherTrust DSPM at its Cyber Summit 2026 to combat these evolving threats.
The Supreme Court has strongly criticised actor Rajpal Yadav for his failure to deposit money as per an undertaking in a long-running cheque-bounce case. The court expressed displeasure over the non-compliance despite previous directives and warned of serious consequences, including potential jail time, if the payment is not made promptly.
A football team from Karachi, en route to a tournament in Quetta, was robbed at gunpoint by insurgents on a Balochistan highway. The incident occurred despite official warnings about the region's security situation, highlighting the dangers faced by travellers.
Hyundai Motor India Ltd reported a 35 per cent decline in consolidated profit after tax to Rs 888.62 crore in the first quarter ended June 30, impacted by lower revenue and higher expenses, with MD & CEO Tarun Garg noting it was a "challenging quarter".
Prime Minister Narendra Modi, speaking at the UPSC centenary, urged a fundamental shift in civil services recruitment and governance. He highlighted the need for services to adapt to an "instant-delivery world" powered by AI, focusing on citizen-centricity and evaluating candidates' motivation beyond academic knowledge. The PM also praised Captain Smit Machchhar's bravery during his address.
Meesho, a value-commerce platform targeting middle- and lower-income geographies, is poised for significant growth driven by its asset-light model and low fulfilment costs, but faces intense competition from e-commerce giants and high valuations.
Suchika Tariyal has made history by becoming India's first Asian Games medal winner in Mixed Martial Arts, securing a bronze in the women's traditional 60kg event. The 36-year-old fighter, who hails from Haryana, expressed immense joy and dedicated her medal to her family, acknowledging the financial struggles and personal sacrifices made throughout her career. Despite initially considering retirement, her performance has inspired her to continue her professional fighting journey.
India is set to host five-time world champions Brazil in a historic invitational football friendly in Kolkata. The match, while offering invaluable exposure for the Indian team, has also drawn criticism over its cost and the decision to withdraw from the FIFA ASEAN Cup. The event carries political significance and marks a key step in Brazil's rebuilding process.
India is actively integrating payment system harmonisation into its Free Trade Agreement (FTA) negotiations, especially with countries hosting a large Indian diaspora. This strategy aims to leverage India's growing fintech ecosystem, facilitate cross-border financial services, and position India as a global hub for financial services exports, particularly through platforms like GIFT City.
Festival shoppers are increasingly turning to EMIs and other affordability options for high-value purchases, especially beyond metro cities.
Queen Maxima of the Netherlands, the UN Secretary-General's Special Advocate for Financial Health, visited Mumbai to understand India's digital public infrastructure, including UPI and AI, in improving financial health for salaried individuals. She interacted with healthcare professionals and SalarySe leaders, praising India's advancements in financial inclusion and technology's role in empowering individuals.
For generations, women in Bishkhor, Uttar Pradesh, have lived with stigma and limited choices. Designer Anurag Gupta hopes to help change that narrative, one livelihood at a time.
The Finance Ministry is set to commence its pre-budget meetings on October 12, initiating preparations for the Union Budget 2027-28, which will be the fourth budget of the Modi 3.0 government and the tenth for Finance Minister Nirmala Sitharaman.
Kumkum Mohod, 17, made history by becoming the first Indian to win an individual recurve gold at the Asian Games in Aichi-Nagoya, also securing an Olympic quota for LA 2028. Her victory over South Korea's Oh Yejin in a tense shoot-off has boosted India's confidence to challenge the long-standing Korean dominance in recurve archery. Mohod attributes her success to mental preparation, visualisation, and family sacrifices, and is now focused on securing her individual spot for the 2028 Olympics.
India's Sports Minister Mansukh Mandaviya has announced the formation of a 10-member Task Force, chaired by Niti Aayog's Yugal Kishore Joshi, to assess the feasibility and challenges of reviving Formula 1 in the country. The committee aims to develop a roadmap for India to host a Grand Prix by 2028, focusing on sustainable growth, policy interventions, and addressing past issues like taxation. The Adani group, owners of the Buddh International Circuit, will also be involved.
The Women's Golf Association of India (WGAI) is advocating for increased government support and improved grassroots infrastructure to make golf more accessible to young players in India. WGAI president Kavita Singh and Hero MotoCorp executive vice-president Sanjay Bhan challenged the perception of golf as an elitist sport, highlighting the need for public facilities and resources to foster talent and change mindsets. They stressed that government intervention is crucial for developing the sport and creating career opportunities beyond playing.
The UK has successfully test-fired a US torpedo from an undersea drone, marking a significant advancement in submarine technology for the AUKUS partners (UK, US, Australia). This development coincides with Prime Minister Andy Burnham's visit to the UN General Assembly, where he is discussing global challenges like AI, the Ukraine conflict, and West Asia security with international leaders, and announced the UK will host the G20 Leaders' Summit in Manchester next November.
'The most effective investment approach is one that aligns with an investor's temperament, risk tolerance, and decision-making style.'
The challenge for India lies in navigating complex landscape to its best advantage. The BRICS Summit will test its navigation skills, asserts former foreign secretary Shyam Saran.
Neeru Dhanda made history by becoming the first Indian woman to win an individual shotgun gold at the Asian Games in women's trap. Her inspiring journey began with a borrowed gun and practice at a pond, overcoming financial hurdles and recent illness, culminating in a record-breaking triumph. She dedicated her medal to soldiers and late champion Raja Ranjit Singh.
Nikhil Singh, an Indian elite runner from Mumbai, unexpectedly won the high-altitude Ladakh Marathon, attributing his success to mental strength and strategy.
RBI Deputy Governor Rohit Jain highlighted that banks are well-positioned to deploy $133 billion mobilised through FCNR(B) deposits, especially with strong credit demand ahead of the festival season, while also stressing the importance of robust technology governance and cyber defences in the financial sector.
Sports Minister Mansukh Mandaviya is set to meet Hockey India League (HIL) franchise owners and federation officials to address the league's financial and administrative crisis. The HIL is struggling with unpaid player dues, rising costs, and franchise withdrawals, prompting the ministry to seek solutions for its survival, especially given its importance for Indian hockey development.
Iranian President Masoud Pezeshkian urged BRICS nations to expand trade in national currencies and build an inclusive global economic framework. He criticised "unilateral sanctions" by Western powers, stating they make emerging economies vulnerable and impact global food security. Pezeshkian emphasised BRICS' role in creating a balanced world order and highlighted Iran's geopolitical and energy capacities for cooperation.
Becoming a shareholder isn't about predicting markets perfectly. What matters more is recognising when you're financially and mentally prepared to participate in wealth creation. If you've been wondering when you should start investing, here are five signs that suggest you're already ready.
India's three-match ODI series against the West Indies, starting Sunday, is a vital preparatory stage for the ICC World Cup 2027. The series will focus on giving game time to young players like Yashasvi Jaiswal and assessing the form of key players like Rohit Sharma and Virat Kohli, who is nearing a significant ODI milestone. The development of all-rounder Nitish Kumar Reddy is also a priority. The West Indies team, grappling with recent losses and financial issues, will aim to overcome these challenges and deliver a competitive performance.
The Indian government has challenged Congress leader Rahul Gandhi's criticism of levying fees on UPI payments above Rs 2,000 to merchants. The government highlighted that a parliamentary standing committee, which included Congress MPs, had previously backed a tiered Merchant Discount Rate (MDR) framework for UPI. This move aims to ensure the financial sustainability of the UPI ecosystem and reduce its dependence on government subsidies, a concern raised by the committee due to the significant funding gap between allocations and operational costs.
Commerce Secretary Rajesh Agarwal highlighted the critical need for India to diversify its services exports beyond the dominant IT/ITeS and professional services sectors. Speaking at the Global Fintech Fest 2026, he emphasised the vast potential in the global financial services market, where India currently holds a small share, and stressed how fintech solutions, like UPI, can drive growth, reduce remittance costs, and support MSME trade finance, ultimately leading to sustainable economic expansion.
