Manipur police have arrested two individuals, including a Myanmar national, and seized 900 grams of brown sugar in Churachandpur district following a tip-off. The arrests were made on Tuesday, leading to charges under the NDPS Act and immigration laws.
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.
Jio Platforms' initial public offering has shattered global records by receiving over one crore applications, underscoring immense investor confidence in the company's ambitious plans for technology, AI, and cloud services, with the IPO subscribed almost seven times overall.
A foreign national passed away at the Railway Protection Force post in Surat after being deboarded from a train following a fight with co-passengers. The Government Railway Police has launched a custodial death investigation into the incident, as the man's identity and nationality remain unknown.
Investors are set to monitor quarterly earnings, crude oil prices, the Jio Platforms initial public offering, and foreign investor activity in the upcoming holiday-shortened week, according to market analysts.
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.
The conversations on July 22 and 23, 1962, meetings in Geneva between V K Krishna Menon, India's defence minister at the time, and Chinese vice premier Chen Yi are important because, had they been followed up, the subsequent border war may perhaps have been avoided, notes former foreign secretary Shyam Saran.
Indian benchmark indices Sensex and Nifty experienced declines in early trade, influenced by the Reserve Bank of India's (RBI) recent repo rate hike and its signal for continued monetary tightening, coupled with rising crude oil prices and foreign fund outflows. Track Sensex, Nifty on October 8.
Leading private banks in India, including HDFC Bank, ICICI Bank, and Axis Bank, experienced a decline in net interest margins (NIMs) during the second quarter of the financial year due to significant deposit mobilisation under the Foreign Currency Non-Resident (Bank), or FCNR (B), scheme. However, banks anticipate a recovery in margins in the coming quarters as these funds are deployed and the interest-rate cycle supports lending yields.
Indian IT stocks have experienced their most significant weekly surge in 18 years, with the Nifty IT index climbing 11.72 per cent, as a global sell-off in AI-linked equities redirected investor attention towards India's IT services sector. This shift aligns with a JP Morgan report identifying India as a 'natural AI hedge' due to its large, liquid market and strong domestic institutional investor base.
Indian benchmark indices Sensex and Nifty saw an early rebound, driven by strong performances from blue-chip HDFC Bank and major IT firms like HCL Tech, which reported a significant rise in net profit. Track Sensex, Nifty on October 13.
Indian benchmark indices Sensex and Nifty saw a sharp rebound in early trade, driven primarily by a rally in IT stocks and a decline in crude oil prices, even as global markets faced selling pressure due to US inflation concerns. Track Sensex and Nifty on
Finance Minister Nirmala Sitharaman stated that the Reserve Bank of India (RBI) will persist in its efforts to prevent excessive volatility in the rupee, which has significantly depreciated against the US dollar due to global uncertainties, despite India's strong macro-economic fundamentals.
The US government has suspended eight major IT firms, including Microsoft, Tata, Infosys, and Wipro, from the Permanent Labour Certification Programme, which allows companies to apply for green cards for foreign workers. This action, announced by Vice President J D Vance, Labour Secretary Keith Sonderling, and Attorney General Todd Blanche, is part of an effort to prevent American workers from being shut out of the job market. The Department of Labour cited abuse of the system, particularly by Microsoft, and also initiated an investigation into the J-1 visa programme used by several universities.
The directive comes amid concerns over steep mark-ups on medicines and medical consumables sold at hospital pharmacies.
The Swadeshi Jagran Manch (SJM) has urged the Indian government to deny permission to Elon Musk's Starlink for commercial satellite broadband services, citing national security concerns. The RSS-affiliated organisation highlighted issues with data bypassing Indian gateways and the potential for misuse by hostile actors, advocating for indigenous solutions.
The Chhattisgarh Economic Offence Wing/Anti-Corruption Bureau (EOW/ACB) has filed its 10th supplementary charge sheet in the alleged liquor scam, accusing 20 individuals, including former state Congress treasurer Ramgopal Agrawal, and 22 firms. The 27,000-page document details illegal liquor production, hawala transactions, and investment of illicit proceeds. The scam, estimated by the ED to be between 2019 and 2022, involved a complex network of illegal liquor sales, duplicate holograms, and routing of funds.
Israel has implemented new aviation security directives, barring pilots and cabin crew from countries without diplomatic ties, including Pakistan, from entering its airspace. This follows a hijacking attempt last month on a flight to Israel, where Indian Captain Smit Machchhar was injured while thwarting the plot. The restrictions affect over two dozen nationalities and have prompted airlines like Air France and United Airlines to adjust crew assignments.
Equity mutual fund schemes recorded a net inflow of Rs 38,306 crore in September, a 31 per cent increase from the previous month, driven by strong investor interest in mid-cap and small-cap funds despite stock market volatility and foreign portfolio investor (FPI) sell-offs.
An 11-member Indian team, including medical personnel and tunnel rescue experts, has arrived in Nepal to assist with rescue operations following devastating flash floods that killed over 500 people and left nearly 2,000 missing. Nepal has requested international aid for specialised tasks and Bailey bridges to restore transport services in the affected areas.
They had bought Rs 29,631 crore worth of shares in August.
The Indian Cabinet has approved Fairfax Financial Holdings' Rs 52,878 crore bid to acquire a 60.72 per cent stake in IDBI Bank, marking the country's largest foreign direct investment in the financial sector.
India has rejected China's objection to New Delhi's standardisation of names for 28 places and features in Ladakh, reiterating that Ladakh is an "integral and inalienable" part of India. China had strongly opposed the move, calling India's establishment of the Union Territory and the naming "illegal and void".
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 stock indices, Sensex and Nifty, closed lower due to profit-taking, a spike in wholesale price-based inflation, and firm crude oil prices, despite some support from easing intraday crude oil prices and rupee appreciation.
United States special envoy Steve Witkoff engaged in high-stakes talks with Russian President Vladimir Putin on Wednesday in St. Petersburg. The aim of the meeting was to advance proposals to end the war in Ukraine and establish a pathway towards broader negotiations.
Glimpses of Indian Air Force aircraft flying in formation during Exercise Tarang Shakti 2026 in Jodhpur on Wednesday, October 7, 2026.
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.
A 27-year-old man was arrested by Kashigaon Police in Thane for allegedly calling the Delhi Police control room and threatening to destroy India's economy. The accused, Nikhil Sudarshan Sharma, who appeared mentally unstable, was apprehended after tracking his mobile number.
Xavi Hernandez has been appointed as the new head coach of the Netherlands national football team, signing a contract through the 2030 World Cup. The former Barcelona manager replaces Ronald Koeman and marks his first role as a national team coach.
Pakistan and Turkiye have agreed to deploy military forces in Saudi Arabia as part of the Makkah Alliance for Defence. This decision follows recent attacks by Houthi rebels and aims to strengthen collective deterrence against threats to Saudi Arabia. The alliance, formed in August, considers an attack on one member as an attack on all.
India has strongly criticised the US decision to suspend the Permanent Labor Certification (PERM) program for eight major IT firms, including Indian giants like TCS and Wipro. New Delhi also condemned US Vice President JD Vance's description of foreign professionals as "indentured servants," calling it "unwarranted and deeply offensive." The move is expected to impact thousands of Indian tech professionals seeking permanent residency in the US and further strains bilateral ties.
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.
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.
The National Investigation Agency (NIA) has filed its third chargesheet against Satyanarayan Meghwal and Sahil Godara in a case involving cross-border trafficking of arms and narcotics using drones. The accused, arrested in July this year, face charges under UAPA, Arms Act, NDPS Act, and BNS. The investigation reveals an organised syndicate using encrypted channels to smuggle weapons and drugs across northern India, targeting youth and fostering disaffection against India.
Actor Imran Khan, a US national and OCI cardholder, plans to challenge a Mumbai police notice in the Bombay High Court. The notice, issued after his participation in a protest against the Chief Election Commissioner, demands he leave India by October 28 for allegedly violating immigration laws. Khan's petition argues that no law prohibits OCI cardholders from protesting.
Asian Games gold medallist Aman Sherawat expresses strong confidence in winning an Olympic wrestling gold medal at the Los Angeles 2028 Games. Having defeated a world champion in the Asian Games, he believes he can achieve what no other Indian wrestler has done, despite the challenges of the competitive 57kg category and past weight issues. He plans to continue training with foreign coaches to fine-tune his techniques.
'Indian IT firms must hire and train more Americans while reducing dependence on sending employees from India to the US.'
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.
Microsoft has clarified that 80 per cent of its H1-B visa applications in the last fiscal year were for existing employees, not new hires, following its suspension from a US green card programme.
