Sports Minister Mansukh Mandaviya met World Aquatics president Husain Al-Musallam to discuss strengthening cooperation, developing aquatic sports in India, and exploring India's readiness to host Asian-level championships. India is also targeting to host the 2038 Asian Games and 2036 Olympics.
Indian mutual funds experienced a nearly 5 per cent growth in average quarterly assets under management (QAAUM) in the second quarter of FY27, reaching approximately ~87.2 trillion, despite significant equity market turbulence and corrections in largecap and some debt segments.
Former world number one Justin Rose believes more golfers are considering leaving LIV Golf to play on the DP World Tour, aiming for eligibility in next year's Ryder Cup. He also shared his evolving career goals, prioritising creating lasting memories over solely winning Major championships, and expressed his excitement about returning to India for the DP World India Championship after 22 years. Rose highlighted India's growing importance in global golf.
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.
Union Finance Minister Nirmala Sitharaman expressed strong confidence in India achieving over 10 per cent economic growth, advocating for increased technology adoption and innovation. She urged overcoming scepticism and highlighted technology's transformative role in agriculture and public sector reforms, while also launching a new fund and book at an IIT Madras event.
India's private sector capital expenditure is projected to reach approximately 3.2 trillion in the financial year 2026-27, up from 2.6 trillion in FY26, according to a Reserve Bank of India bulletin report, indicating sustained confidence despite global uncertainties.
India's cybersecurity agency, CERT-In, has issued a critical advisory warning about autonomous AI agents accessing sensitive data of Indian organisations without authorisation. Government sources on Friday emphasised the need for companies to bolster cybersecurity measures and monitor system activity, noting that while no major compromise occurred, the incident serves as an early warning. Future AI regulation is expected to address the risks posed by these agents.
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.
'Existing borrowers who have surplus cash should make partial loan prepayments to offset the impact of rising EMIs and reduce the overall interest burden.'
Digital services major Jio Platforms is anticipated to list on the stock exchange by the end of October, with an estimated enterprise valuation of USD 143-146 billion, making it India's largest public offer at around USD 3.8 billion.
Wadhwani AI is working on a 'vulnerability mapping' project which determines the probability of a disease breaking out in a particular area during a particular season or time.
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 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.
Geopolitical disruptions have made shipping times unpredictable and raised costs for Volvo Car India, which may have to increase vehicle prices if the situation persists, its Managing Director Jyoti Malhotra said on Monday.
Jio Platforms (JPL) is preparing a capex-light strategy to commercially launch 6G services in the early 2030s through software upgrades, rather than fresh infrastructure investments, according to Akash Ambani, managing director of JPL.
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.
Microsoft has inaugurated its India South Central datacenter region in Telangana, marking its fourth cloud region in the country. This expansion aims to bolster India's cloud and AI infrastructure, with Telangana targeting 5 GW of datacenter capacity by 2029 and attracting significant investment in the digital ecosystem.
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.
Moody's Ratings has sharply increased India's GDP growth forecast for fiscal 2026-27 to 7 per cent, making it the fastest among G20 economies, driven by economic resilience despite the Middle East conflict. However, the agency flagged significant inflation risks stemming from elevated oil prices and potential El Nino disruptions.
J R D Tata, chairman of the Tata group from 1938 to 1991, said that whenever he had to make a difficult decision, he would ask himself, what will be good for India, and what will be good for the Tatas. If he had a doubt, he would decide in favour of India. In the long run, it would turn out well for the Tatas too, he said, points out Arun Maira.
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.
If India does get $100 billion a year in FDI, it would be a game-changer in every possible way. FPIs would come rushing back, AI or no AI, points out Debashis Basu.
Prime Minister Narendra Modi emphasised the democratisation of technology to ensure no section of society is left behind, advocating for affordable and accessible digital services, especially for the Global South. He highlighted the potential of Digital Public Infrastructure (DPI) and called for solutions to cyber fraud, global standards for emerging tech, and mechanisms to identify AI-generated content during his interaction with GSMA board members.
Bajaj Finserv, a leading Indian non-banking financial services company, has announced its support for 16-year-old Olympic swimmer Dhinidhi Desinghu. The company plans to invest in swimming, tennis, badminton, and running to foster emerging sports talent in India, aiming to elevate the sports landscape and careers of many athletes.
As the rupee weakens, wealthy families are accelerating investments in global assets.
Compare premiums, claim settlement ratios, exclusions, waiting periods and surrender provisions.
India's largest retirement fund manager, the Employees' Provident Fund Organisation (EPFO), is enhancing its investment governance and fund management practices, following the Reserve Bank of India's recommendations.
The University of Melbourne and the Indian Institute of Science Education and Research (IISER) Tirupati have launched a new 2+2 Bachelor of Science Integrated (Honours) dual degree. This programme offers Indian students a globally connected, research-intensive science education, allowing them to study two years at IISER-Tirupati and two years in Melbourne, graduating with two honours degrees.
President Droupadi Murmu hosted Swiss President Guy Parmelin at a banquet featuring exquisite delicacies from Jammu and Kashmir and Ladakh. The curated menu highlighted unique regional ingredients and culinary traditions, serving as a cultural exchange alongside significant bilateral discussions on trade, migration, nuclear energy, and defence.
Finance Minister Nirmala Sitharaman announced that the Goods and Services Tax (GST) Council's October 7 meeting will focus on 'GST 2.0' process reforms, including e-invoicing and input tax credit rules, while also addressing complex issues surrounding the taxation of the digital economy and cryptocurrency.
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.
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.
Holding-company discounts and losses at key unlisted ventures could weigh on Tata Sons' IPO valuation, though its diversified portfolio may still command a premium.
The US Citizenship and Immigration Services (USCIS) has announced a significant increase in fees for the EB-5 Immigrant Investor Programme, effective November 30. This programme allows foreign investors, including many from India, to obtain permanent residency by investing in US commercial enterprises and creating jobs. The fee hikes, some more than doubling, are intended to fund USCIS operations, which are largely supported by fees rather than taxes.
Legendary Uruguayan striker Diego Forlan, now coaching Uruguay, believes India can significantly improve its football standing despite cricket's dominance. He emphasizes the importance of grassroots development, strong domestic leagues, and consistent exposure to high-level international competition to nurture young talent and elevate the sport in the country. Forlan also shared his positive experiences with Indian football passion during his ISL stint.
'In fact, when monetary policy has been deployed, it does not distinguish between types of shocks. It goes straight for the kill.'
Former Bangladesh Prime Minister Sheikh Hasina has strongly criticised Prime Minister Tarique Rahman's decision to skip the BRICS summit in India, calling it "immature" and detrimental to Bangladesh's national interest. She argued that the absence lost opportunities for economic development and that foreign policy should not be driven by personal considerations. Hasina also highlighted the current "grave national crisis" in Bangladesh and her intention to return to restore democracy.
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 CBI has filed a closure report in the 2002 disinvestment of Hindustan Zinc Ltd, stating that allegations of irregularities could not be substantiated. This comes despite a 2022 Supreme Court directive by then-CJI D Y Chandrachud to register a regular case, citing sufficient material and concerns over undervaluation and the role of a global advisor. The special court will now decide on the report.
India's Rudrankksh Patil, Himanshu Dhillon, and Parth Mane secured a silver medal in the men's 10m air rifle team event at the Asian Games. The young trio displayed composure, with debutant Parth Mane's performance being particularly noteworthy, contributing to India's growing medal tally in shooting.
