Indian IT companies have significantly reduced their fresh H-1B visa applications for US FY27, a direct consequence of soaring fees imposed by the Trump administration and new lottery system changes that prioritise higher-salaried employees, leading to a seven-year low in registrations.
Indian benchmark stock indices, Sensex and Nifty, experienced a significant drop on Monday, with the Sensex falling by nearly 548 points, primarily due to a fresh spike in crude oil prices, persistent foreign fund outflows, and rising bond yields.
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".
Bengaluru FC secured a 2-0 victory over Chennaiyin FC in a rain-soaked Indian Super League match on Saturday. Ryan Williams opened the scoring in the 24th minute, and Mihailo Perovic sealed the win with a goal in the 52nd minute, earning three points for the hosts.
Tata Consultancy Services (TCS) has stated that the recent suspension of eight IT firms, including itself, from a US green card programme will not impact its workforce strategy or customer engagements, citing its low number of applications and focus on local hiring.
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.
A special CBI court in Mumbai denied bail to Sandeep Mistry, an associate of fugitive businessman Nirav Modi, in the multi-million-dollar Punjab National Bank (PNB) scam. The court cited Mistry's history of destroying evidence and his absconding for seven years as reasons for the denial, expressing concerns about securing his presence during the trial if released.
Indian benchmark stock indices, Sensex and Nifty, rallied significantly, with Sensex jumping over 1,500 points and Nifty reaching a nearly three-week high, driven by strong buying in banking, IT, and Reliance Industries stocks, alongside easing crude oil prices.
Gold prices in India have fallen for the third consecutive day, shedding Rs 1,800 to Rs 1.5 lakh per 10 grams, primarily due to a strengthening rupee and weak global cues. Silver also saw a significant decline, tumbling Rs 5,000 to Rs 2.21 lakh per 10 grams.
India's 10 largest pharmaceutical companies have consistently maintained positive average volume growth throughout 2026, while smaller rivals have experienced more erratic performance, driven by a market shift towards chronic and sub-chronic therapies.
Elon Musk has escalated his criticism of Indian industrialist Mukesh Ambani, sharing media reports that alleged Reliance-funded firms helped boost BJP campaigns on social media and made large political donations. This comes amidst a persistent delay in the launch of Starlink satellite broadband services in India, with Musk accusing Ambani of protecting a monopoly. The Indian government maintains its telecom framework is fair and non-discriminatory, while Reliance has not publicly responded to Musk's allegations.
India's net direct tax collection witnessed a robust 13.21 per cent increase, reaching approximately Rs 13.38 lakh crore between April 1 and October 14, primarily fuelled by a strong performance in corporate tax mop-up.
Indian benchmark indices Sensex and Nifty saw a rebound in early trade, primarily driven by a more than 4 per cent surge in Tata Consultancy Services (TCS) shares following its robust Q2 net profit announcement. Track Sensex, nifty on October 9.
Reliance Industries Ltd (RIL) has publicly welcomed competition from Elon Musk's Starlink in the satellite communications sector, asserting that all players, including Jio, must abide by Indian laws and policies.
Isha Ambani, a director on the board of Jio Platforms, revealed that a failed attempt to upload a college assignment in 2009-10 due to poor internet connectivity in Mumbai sparked the idea and subsequent conversations that led to the creation of Jio.
French Prime Minister Sbastien Lecornu said police arrested 1,200 protesters on Saturday, and 150 personnel were injured as demonstrations across the country over the rising cost of living turned violent.
Olympic and world champion javelin thrower Neeraj Chopra is focused on making a strong comeback next year after sustaining an ankle ligament injury, with his sights set on the 2028 Olympic Games.
Elon Musk has renewed his criticism of Mukesh Ambani regarding Starlink's entry into India, accusing Ambani's supporters of hypocrisy for simultaneously claiming Starlink can't compete with low prices and that it poses a strong competitive threat. Musk argues that competition would benefit Indian consumers and that Starlink would adjust pricing if too expensive. He also shared reports alleging Reliance-funded political donations. Communications Minister Jyotiraditya Scindia stated India does not permit monopolies and that multiple players, including Starlink, have received satcom licences.
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.
The Punjab government has intensified its crackdown on illegal mining across Pathankot, Kapurthala, and Sri Anandpur Sahib. Operations led to the seizure of heavy machinery and vehicles, registration of cases, and one arrest. Mines and Geology Minister Barinder Kumar Goyal affirmed the government's commitment to eliminating illegal mining and ensuring strict legal action against violators.
Indian precision engineering firm Aequs has signed long-term supply agreements with French aerospace major Safran. These contracts will support Safran's supply chain and expand Aequs' role in manufacturing critical aerospace components, including fully assembled A320 family aircraft wheels and landing gear components for various Airbus and Boeing programmes, with significant in-country value addition in India.
A 29-year-old software employee from Bengaluru allegedly died by suicide in Hyderabad after jumping from the 30th floor of an apartment complex. Police found a suicide note where he apologised to his parents, but the reason for his death was not specified.
Indian benchmark indices, Sensex and Nifty, extended their rally in early trade, driven by strong buying in bank stocks, Reliance Industries, and positive global cues, despite foreign institutional investors offloading equities.
Palghar police have appealed to victims of a ponzi scheme run by Rich 2 Money Private Limited to register complaints. The Economic Offences Wing has identified 48 defrauded investors, losing Rs 5.91 crore, with the company promising high returns on investments in share markets and F&O trading.
Australian fast bowler Josh Hazlewood believes reverse swing will be a crucial factor in the ongoing three-test series against South Africa, attributing its resurgence to the abrasive pitches. He successfully utilised this technique in the first test, which Australia won, and expects similar conditions for the second test in Gqeberha. Hazlewood also reflected on his recent performance and career longevity.
Chief of Army Staff General Dhiraj Seth lauded the Indian Army's Mission Olympic Wing for its role in developing talented sportspersons, citing their strong performance at the recent Asian Games as a precursor to success at the 2028 Los Angeles Olympics. The Army felicitated its 20 medal winners from the Asian Games, reaffirming its commitment to nurturing future athletes.
'Indian IT firms must hire and train more Americans while reducing dependence on sending employees from India to the US.'
Indian equities, particularly the Nifty 50, have significantly underperformed their Asian and global counterparts over the past year, with the index down 10.6 per cent. This lag is attributed to factors like rising global oil prices, rupee depreciation, and a lack of participation in the global chipmaker rally that boosted markets like South Korea and Taiwan.
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.
Indian benchmark indices, Sensex and Nifty, surged over 1 per cent, recovering from two days of losses, driven by a strong rally in IT stocks, particularly TCS, and a moderation in global crude oil prices.
Tata Trusts, the majority shareholder of Tata Sons, has stated its firm opposition to the holding company's public listing, revealing that the Tata Sons board will meet again to explore all available alternatives to listing.
Kanpur police have uncovered a Rs 2.66-crore cyber fraud operation, leading to the arrest of two individuals and the identification of 89 bank accounts nationwide. The investigation began after a bank manager reported alleged fake complaints filed by one of the accused, Akhil Singh Chauhan, who was denied banking facilities. The fraud involved a fake investment scheme that targeted an exporter, with money routed through numerous mule accounts.
Indian benchmark indices Sensex and Nifty extended their rally for a second consecutive session, driven by a decline in Brent crude oil prices below USD 100 per barrel and strong buying in banking stocks and Reliance Industries.
Nasscom said while the visa programme has been used by companies to address the skill gap in the US by bringing in foreign employees, the number of H-1B employees from Indian companies have come down substantially over the last decade.
India's exports saw a significant 23 per cent increase, reaching USD 44.4 billion in September, while the trade deficit narrowed to USD 30.21 billion, according to recent government data.
Indian benchmark indices Sensex and Nifty experienced declines in early trade, ending a two-day rally, driven by a spike in Brent crude oil prices above USD 101 per barrel and investor caution ahead of the Reserve Bank of India's monetary policy decision. Track Sensex, Nifty on October 7.
Om Prakash Chouhan is the best-placed Indian golfer, tied fifth, after carding a four-under 68 on the rain-affected opening day of the USD 4 million DP World India Championship at Delhi Golf Club. Play was suspended due to darkness, with Denmark's Niklas Nrgaard leading.
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.
The CBI has arrested Anil Kumar, a senior executive at Munitions India Limited (MIL), for allegedly taking bribes and disclosing sensitive defence information related to a Rs 500 crore supply contract. The FIR also names SMPP CEO Ashish Kansal. Kumar is accused of routing illicit proceeds through family members, compromising national security.
Uttarakhand Minister Rekha Arya has vehemently denied corruption allegations made by her husband, Girdhari Lal Sahu, calling them "100 per cent baseless." Sahu accused her of possessing illegal assets worth Rs 210 crore after Arya filed a complaint against him for domestic violence, harassment, and caste-based slurs. Arya asserted her life is transparent and welcomed any investigation, while also defending her decision to speak out against domestic violence.
