KPMG in India CEO Yezdi Nagporewalla expressed concern over the high valuations of global AI companies, deeming them unsustainable. He believes India, despite a late start, has a strong chance to develop its own unique Local Language Models due to its robust tech ecosystem and global capability centres.
India's Goods and Services Tax (GST) receipts, after accounting for refunds, surged by 18.1 per cent annually to approximately 1.77 trillion in September, marking its fastest growth in six months. This increase was primarily driven by a significant rise in tax revenue from imports, which grew 26 per cent annually.
World No. 4 recurve archer Dhiraj Bommadevara has advocated for a mix of daytime and night matches in the Archery Premier League (APL) to better prepare Indian archers for diverse international competition conditions. He highlighted the importance of adapting to varying factors like wind, especially with the APL's shift to Hyderabad, and praised the league for fostering stronger relationships and learning opportunities with international archers.
Indian equity markets, led by the Nifty 50, saw gains following a pullback in Brent crude prices towards $101-102 a barrel and weaker-than-anticipated US jobs data, which eased concerns about a Fed rate hike. However, analysts caution that markets are likely to remain volatile in the near term.
Reliance Industries Ltd (RIL) has successfully raised a total of Rs 25,000 crore through domestic bond issues in September, including a recent Rs 13,000 crore 10-year bond at 7.90 per cent, as it prioritises funding certainty amidst expectations of a possible RBI rate hike and rising borrowing costs.
'Indian IT firms must hire and train more Americans while reducing dependence on sending employees from India to the US.'
American singer Mary Millben has become a prominent figure in Indian political discourse due to her outspoken support for Prime Minister Narendra Modi, using social media to defend him against critics and appeal to young Indians, despite her musical career being less known in the country.
'The most effective investment approach is one that aligns with an investor's temperament, risk tolerance, and decision-making style.'
'The larger lesson for India Inc is that promoter oversight and professional management are not inherently contradictory. The difficulty arises when the boundaries between the two are unclear.'
The Reserve Bank of India's Monetary Policy Committee (MPC) has commenced its three-day meeting, with a majority of economists and bankers anticipating a 25 basis point rate hike to counter escalating inflation risks, particularly from West Asia conflicts.
Industry experts advocate for India to develop its own artificial intelligence (AI) safety framework, distinct from US or EU models, to address unique challenges like deepfakes and cyberattacks. They call for a comprehensive commitment involving all stakeholders and a hybrid regulatory approach combining voluntary and binding measures, as the Indian government also considers new AI regulations.
Five Indian nationals aboard a Kuwait-flagged tanker were safely shifted ashore after the vessel was struck by a projectile in the Strait of Hormuz, the Embassy of India in Oman said.
The Indian IPO market recorded its highest monthly fundraising in September, with 34 mainboard companies raising 39,309 crore, despite a significant decline in the Nifty 50 index.
Indian archers returned from the Asian Games with a historic haul of 5 gold medals, 2 Olympic quotas, and other medals, celebrating their success and triumphs over global powerhouse South Korea. Coaches and athletes expressed elation, crediting rigorous training, teamwork, and a supportive ecosystem for their unprecedented performance.
Elon Musk, CEO of SpaceX, stated that Starlink's services in India must be affordable for widespread adoption and that competition would benefit consumers, despite potentially reducing Reliance Jio's profits. He criticised Reliance Jio as a 'de facto monopoly' in India, alleging that certain business conglomerates were blocking Starlink's entry.
Indian archers, fresh from their stellar performance at the Asian Games, are set to compete in the second season of the Archery Premier League (APL) starting October 8 in Hyderabad. The league will feature 48 archers across six franchises, including Asian Games medallists like Kumkum Anil Mohod, Jyothi Surekha Vennam, and Sahil Rajesh Jadhav, alongside international stars.
Indian benchmark indices, Sensex and Nifty, experienced a sharp decline, with the Sensex tumbling 1,247.71 points and the Nifty settling below 23,100, primarily driven by a significant spike in crude oil prices and weak global market trends.
Pune, India, has been selected to host the UCI Road World Championships in 2032, marking the first time the prestigious cycling event will come to the country. This historic achievement is the result of a collaborative bid by the Government of Maharashtra and the Cycling Federation of India, supported by the Government of India, aiming to establish Pune as a premier global cycling destination. The decision was announced at the UCI Congress in Montreal after Pune's successful presentation, highlighting India's growing potential in the sport.
Indian benchmark indices, Sensex and Nifty, experienced a significant drop in early trade, with the Sensex falling over 600 points, primarily due to crude oil prices surging past the USD 100 per barrel mark and weak global market trends. Track Sensex, Nifty on September 24.
The Reserve Bank of India's 25-basis point increase in the repo rate to 5.5 per cent is expected to exert pressure on housing affordability and buyer sentiment, particularly affecting interest rate-sensitive segments and potentially moderating sales during the crucial festival season.
West Bengal Chief Minister Suvendu Adhikari will attend the India-Brazil international football friendly in Kolkata on October 3. The city is preparing for the historic match, with Brazil's five-time world champions having arrived and security measures stepped up.
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.
Fraser Stewart, Head of Cricket at MCC, expressed concern over cricketers retiring early from Tests for franchise T20 leagues but acknowledged players' desire for higher earnings with less play. He also welcomed the ICC's decision to trial pink balls in day-time Tests to mitigate fading light issues and boost spectator interest.
'India should hold several high-level chess tournaments that would attract the world's top players so that the country will have a say in the game.'
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.
'We are ready to help Prime Minister Modi achieve his vision of 100 per cent connectivity throughout India -- a vision all of our company, including Elon, shares,' Lauren Dreyer, vice-president of Starlink business operations at SpaceX, said at the pre-business day of the India Mobile Congress in New Delhi.
Anthropic has formally warned investors that its technology may pose "existential risks to humanity" in a long-awaited initial public offering prospectus circulated with a small group of partners in recent days.
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.
India's Chief Economic Advisor V Anantha Nageswaran stated that the country's balance of payments (BoP) pressure is expected to remain a continuous challenge due to rising imports, commodity dependence, high global interest rates, and intense competition for capital.
Harmanpreet Kaur ended her India captaincy after a historic nine-year tenure, highlighted by the 2025 Women's World Cup triumph, two Asian Games gold medals and record 155 T20I appearances.
Meta's global team met with top Indian IT Ministry officials following government summons regarding the temporary restriction of Prime Minister Narendra Modi's Facebook post and ongoing concerns about child sexual abuse material (CSAM) on its platforms.
India achieved a respectable fourth-place finish in the Asian Games medals tally, securing 85 medals including 21 gold, driven by a significant late surge in boxing, archery, wrestling, and hockey, despite initial setbacks in shooting and athletics.
'Something has to be new for the audience every time. It has to be a new experience while the emotions remain the same.'
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 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.
Indian golfer Shubhankar Sharma is looking to regain his form at the upcoming DP World India Championship at the Delhi Golf Club. The 30-year-old, who has faced a challenging season, is optimistic about his game trending upwards. The prestigious USD 4 million event will feature several top international players, including reigning Major champions, making it a blockbuster tournament.
Nasscom President Rajesh Nambiar stated that artificial intelligence is not making India's Business Process Management (BPM) industry obsolete but is instead driving its significant reinvention. He highlighted that the sector has an opportunity to become the world's "intelligent operations and transformation hub" by leveraging AI, analytics, and cloud-based operations, moving beyond traditional call centres. Nambiar outlined three key priorities for the industry, including reimagining processes, building hybrid human-AI operating models, and redefining India's global BPM representation.
New Zealand head coach Rob Walter has revealed plans to utilise explosive batter Finn Allen in a middle-order role during the upcoming ODI series against India.
Olympic gold medalist Abhinav Bindra congratulated Indian athletes for their Asian Games performance but stressed the critical need to enhance the country's high-performance sports ecosystem. He highlighted the urgency required for preparations, with the Los Angeles Olympics less than two years away, advocating for robust systems that support athletes from early stages to build resilience and ensure timely expert intervention.
Ukrainian President Volodymyr Zelenskyy addressed the UN General Assembly, accusing Russia of using citizens from over 40 countries, including India, to fight in its war against Ukraine. He urged these nations to prevent their citizens from being drawn into the conflict, highlighting that Ukraine has taken prisoners of war from these countries and that many have perished. Zelenskyy also called for limiting trade with Russia to cut off its war funding and criticised the weakening of sanctions.
