'Indian IT firms must hire and train more Americans while reducing dependence on sending employees from India to the US.'
Punjab's Finance, Excise and Taxation Minister Harpal Singh Cheema announced the unearthing of a Rs 429.30 crore GST fraud, leading to an FIR in Ludhiana. The investigation, initiated after intercepting a vehicle on September 30, revealed a syndicate of 62 interconnected firms across multiple states using non-genuine documents to evade taxes.
An Indian-origin Metropolitan Police officer, PC Harman Singh, has been charged with one count of attempted rape, three counts of sexual assault, and one count of intentional strangulation. The charges relate to alleged offences against a woman in her 20s in January 2026. Singh was arrested on January 10, suspended from duty, and is due to appear in court on Monday.
Security has been intensified at the Noida-Delhi borders ahead of a major protest by the Cockroach Janata Party (CJP) in Delhi on Saturday, demanding the Chief Election Commissioner's resignation. Police and BSF personnel are deployed, conducting checks, and placing barriers. Commuters from Noida and Greater Noida are concerned about potential traffic disruptions, though Noida Metro services are confirmed to run as usual. Some activists allege house arrest.
Penguin India has announced the English translation of "Tukaram," a Marathi biography of Maharashtra FDA Commissioner Tukaram Mundhe. The book, originally by Shafi Pathan and translated by Vikrant Pande, details Mundhe's life from a challenging childhood to his impactful civil service career, known for his strict enforcement of food safety regulations.
Jio Platforms Ltd's initial public offering (IPO), anticipated to be India's largest, is scheduled to open for subscription on October 21 and close on October 23, with reservations for employees and Reliance Industries Ltd shareholders.
India's GST Council has approved changes allowing small online sellers to register in states without physical premises by using an e-commerce operator's warehouse as their principal place of business, aiming to boost national sales for small businesses.
A priest from St Vincent Ferrer Church in Mangaluru, Father Cyprian Pinto, has been arrested on charges of sexually abusing minor boys. The arrest followed intervention by Mysuru-based NGO Odanadi, after initial complaints to the diocese and child protection authorities reportedly did not lead to immediate action. Police inquiries suggest at least five children were victims.
The Jammu and Kashmir government has initiated a thorough inquiry into allegations of misconduct against IAS officer Kumar Rajeev Ranjan, who is accused of using abusive language towards a female JKAS officer during a recent virtual review meeting, an incident that has sparked widespread condemnation and calls for strict action.
Mohammed Shami's impressive 4/30 led Bengal's strong start against Delhi in the Ranji Trophy. Other matches saw centuries from Shikhar Mohan (Jharkhand), Ankit Bawne (Maharashtra), and Gaurav Choudhary (Odisha) on the opening day of Group C fixtures.
Sunil Gavaskar launched 'Rag Rag Mein Cricket', chronicling Sanjay Jagdale's journey from cricketer to coach, selector and administrator, while praising his lifelong, invaluable contribution to Indian cricket.
Pragya Misra, OpenAI's head of public policy and strategy for India, stated that the next phase of AI will concentrate on driving measurable outcomes rather than mere experiments. She highlighted examples like Cars24 using AI for customer retention and a healthcare company building its CRM with OpenAI's Codex, demonstrating AI's tangible business impact and cost-saving potential. OpenAI aims for artificial general intelligence (AGI) to benefit all humanity by making AI accessible and addressing enterprise concerns like data residency.
The Kerala Legislative Assembly has passed a motion urging the central government to completely withdraw the proposed Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000. Chief Minister V D Satheesan and CPI MLA K Rajan highlighted concerns that the MDR would increase business costs, harm small businesses, and reduce the appeal of digital payments, while the BJP argued it would not affect general public or small merchants.
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India's leading IT companies are anticipated to report subdued revenue growth and largely stable margins for the July-September quarter, as clients maintain tight discretionary budgets, with analysts closely watching the conversion of strong bookings into revenue and the impact of AI on traditional services.
The Centre has announced a major bureaucratic reshuffle, appointing Prakash Rajpurohit as Deputy Election Commissioner and approving appointments for 27 civil servants at joint secretary and equivalent levels across various ministries and departments.
Delhi is under an unprecedented security clampdown with 25,000 police and paramilitary personnel deployed, 45 metro stations shut, and mobile internet suspended in parts of the city, as authorities deny permission for a protest by the Cockroach Janta Party against Chief Election Commissioner Gyanesh Kumar.
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.
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.
African digital financial services platform, Airtel Money, has successfully debuted on the London Stock Exchange, marking the exchange's largest initial public offering (IPO) in several years with an implied market capitalisation of about USD 7 billion.
India has issued an advisory for its nationals in Saudi Arabia to remain vigilant and stay indoors due to an escalating security situation involving Houthi attacks on civilian infrastructure, including airports. The advisory also cautions against circulating related news and confirms the normal functioning of Indian diplomatic missions. Flight services from India to Riyadh have been cancelled by Air India and Air India Express until October 10 following the attacks.
The GST Council has approved a proposal allowing pharmaceutical companies to claim Input Tax Credit (ITC) on free samples and goods destroyed or written off due to expiry, effective from the next fiscal year. This move aims to support manufacturing, liquidity, and exports within the sector.
A BJP-nominated councillor in Aheri Nagar Panchayat, Amol Vilasrao Gudeliwar, was arrested on Thursday by the Anti-Corruption Bureau for allegedly accepting a bribe of Rs 1.20 lakh from an electrical contractor. He had demanded a 15% commission for works under the 'Nagarotthan' scheme.
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.
The GST Council has approved significant reforms including removing the arrest power of tax officials, raising the prosecution threshold fivefold to Rs 5 crore, and introducing faster, largely automated refunds for taxpayers. These changes, aimed at fostering trust and easing business, will be implemented from April 1, 2027.
A 22-year-old man, Avdeep Singh, allegedly shot dead his 30-year-old stepfather, Navjot, at his car service centre in Rampur, Uttar Pradesh. The murder, which occurred on October 10, was reportedly motivated by Avdeep's resentment over his 49-year-old mother Kamal Kaur's decision to remarry after her first husband's death. Avdeep, who had returned from New Zealand, conspired with his cousin Rajandeep Singh, 23. Both accused were arrested within 48 hours, and police recovered the car and weapons used in the crime.
Punjab & Sind Bank MD and CEO Swarup Kumar Saha clarified that merchants cannot pass on Merchant Discount Rate (MDR) charges to customers for UPI payments, ensuring consumers only pay the displayed price. The new MDR structure, effective October 15, applies a 0.4% charge on P2M transactions above Rs 2,000, with specific flat rates for certain sectors, but small-value transactions remain free.
Sudip Kumar Gharami (122 not out) and Abhishek Porel (114 not out) struck unbeaten centuries, forging a 199-run partnership to put Bengal in a commanding position against Delhi in their Ranji Trophy Group C match.
The Centre has announced the awarding of 1057 Gallantry and Service Medals to personnel from Police, Fire Service, Home Guard & Civil Defence, and Correctional Services on Independence Day, recognising their exceptional bravery and distinguished service.
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Mumbai has announced its 16-member squad for the upcoming Ranji Trophy Elite Group D match against Himachal Pradesh, featuring Suryansh Shedge and Angkrish Raghuvanshi. The team will see significant changes in its top order and overall composition due to injuries to vice-captain Ayush Mhatre and Shardul Thakur, as well as Yashasvi Jaiswal's commitment to the India 'A' team. Raghuvanshi and Divyaansh Saxena are expected to form a new opening partnership.
The Supreme Court is set to hear a plea filed by Congress leader Rahul Gandhi and other opposition figures on Thursday regarding alleged large-scale voter deletions and irregularities in the Special Intensive Revision of electoral rolls. The petition seeks an independent audit of these deletions and modifications, and a direction to prevent further deletions without due process.
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.
Delhi Police have taken stringent measures to prevent the Cockroach Janta Party's 'Lehra Do Tiranga' march in Connaught Place, deploying thousands of personnel and citing prohibitory orders under Section 163 of the BNSS due to risks of traffic disruption, stampede, and threats to public safety.
Prithvi Shaw has been appointed captain of the Maharashtra Ranji Trophy squad for their opening match against Services, as regular skipper Ruturaj Gaikwad is unavailable due to India 'A' commitments.
The Enforcement Directorate has conducted searches across Keralam in connection with alleged irregularities amounting to Rs 92 crore in three cooperative societies: Urban Cooperative Society, Thennela Service Cooperative Society, and Kuttanellur Cooperative Bank.
The Kerala High Court on Tuesday questioned the state government's decision to order a preliminary enquiry into the alleged CMRL bribery case, despite information from the ED regarding corruption offences against former Chief Minister Pinarayi Vijayan and others. The court is hearing appeals from Vijayan, his daughter Veena T, and son-in-law P A Mohamed Riyas, who argue they were not heard before an FIR was directed to be lodged. The ED alleges fraudulent payments of Rs 2.78 crore were made to Veena's company.
Nana Patekar's death on Thursday prompted an outpouring of tributes from the cricket fraternity, with former India captain Ajinkya Rahane remembering the veteran actor as a "truly remarkable actor" who inspired and entertained generations.
A group of 124 former IAS, IFS, IPS, and allied services officers have issued an open letter defending the Election Commission (EC) and the Special Intensive Revision (SIR) process. They argue that the electoral system cannot be deemed rigged only when a party loses, citing instances where the ruling BJP lost elections under the same EC. The officers highlight the legitimacy and necessity of the SIR for cleaning voter rolls and underscore the robust safeguards within India's electoral system.
Tata Consultancy Services (TCS) plans for 80% of its new hires to possess digital and Artificial Intelligence (AI) skills, anticipating that the growing share of AI-led work will significantly boost its profit margins.
