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.
ITC reported a 16.2 per cent year-on-year drop in consolidated net profit to 4,394.13 crore in Q1 FY27, primarily due to a significant increase in taxes on its cigarette business. Consolidated net revenues also declined by 11.1 per cent to 19,114 crore, missing analyst estimates.
India remains one of the Hyundai Motor group's most important and strategic markets globally. The initiative positions India as a strategic core market for the group's growth, emerging market expansion, and next-generation automotive innovation.
Indian stock markets witnessed a significant rebound, with the Sensex rallying 1,109 points and the Nifty closing above 22,720, driven by strong performances in IT and financial sectors, a recovering rupee, and Finance Minister Nirmala Sitharaman's comments on long-term capital gains (LTCG) tax.
NorthEast United FC secured a dramatic 1-0 victory over Mohun Bagan Super Giant in their Indian Super League season opener. Substitute Jithin M S scored in the 90+2nd minute, clinching all three points for the Highlanders in a closely fought home encounter against the defending champions.
Mirra Andreeva crushed Nikola Bartunkova 6-2, 6-2 to reach the China Open final, setting up a title showdown with home favourite and Olympic champion Zheng Qinwen.
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.
A report by IIT-Bombay professors recommends reducing the Merchant Discount Rate (MDR) on UPI transactions from 0.40 per cent to 0.08 per cent. It suggests that banks should fund the UPI ecosystem using their net interest margins from CASA deposits, rather than relying on MDR. The report also addresses transaction costs, credit card MDR, and ATM withdrawal allowances, aiming to ensure UPI's long-term sustainability and public trust by proposing remuneration only from large merchants.
Brazil, with eight changes to their starting line-up, defeated India 4-0 in a football friendly, with Samuel Lino scoring a brace and Estevao and Pedro also finding the net.
'India is a large source of Spotify's future audience growth because it is the largest market in the world.'
The Indian women's football team suffered a heavy 0-8 defeat against Russia in their second international friendly in Kolkata. Russia displayed clinical finishing and exploited India's defensive weaknesses, scoring five goals in the first half and adding three more after the break, with multiple players bagging braces.
Paris St Germain defeated Manchester City 4-2 in a thrilling Champions League encounter, with a dominant first-half performance. The match took place amidst scrutiny over City's financial breaches. Erling Haaland set a new record as the fastest player to reach 60 Champions League goals. Other notable results included Liverpool's 6-3 win over LASK, Aston Villa's 6-0 victory against Fenerbahce, and Real Madrid's dramatic 4-3 comeback against AS Roma.
The India U17 Women's football team is set for a decisive AFC U17 Women's Asian Cup qualifier against hosts Malaysia on Sunday. With both teams tied on points, India holds a significant goal difference advantage, meaning a draw will secure their qualification. Coach Joakim Alexandersson's Young Tigresses are aiming for a win to make history with back-to-back Asian Cup appearances.
The Sports Ministry has removed para-shooting coach Jai Prakash Nautiyal from India's Para Asian Games contingent following allegations of kickbacks and protests from athletes. The contingent of 166 athletes and 109 support staff is set to compete in Aichi-Nagoya, Japan, starting October 18, with several prominent Paralympians included despite selection controversies.
The Supreme Court has questioned the Centre's decision to cap trade margins on anti-cancer drugs at 30 per cent, asking why similar restrictions could not be extended to other medicines and medical consumables, citing glaring disparities between procurement costs and maximum retail prices (MRPs).
Foreign Portfolio Investors (FPIs) have withdrawn Rs 44,166 crore from Indian equities in October, pushing the total outflows for the year past Rs 3 lakh crore, driven by elevated crude oil prices, a stronger US dollar, higher US bond yields, and the allure of AI-led rallies in North Asian markets.
India's leading private-sector banks, including HDFC Bank, Axis Bank, and Kotak Mahindra Bank, reported robust deposit growth in the July-September quarter (Q2FY27), significantly aided by the Reserve Bank of India's concessional FCNR(B) swap window.
Mahieka Sharma penned a heartfelt note for Hardik Pandya's 33rd birthday, detailing his journey from a struggling young cricketer in Baroda to one of India's leading all-rounders, highlighting his early struggles, unexpected turn to bowling, and unwavering work ethic.
Guyanese batter Quentin Sampson, known for his aggressive power-hitting, is attracting attention from IPL franchises, with Chennai Super Kings reportedly among those watching him ahead of the 2027 auction, following his impressive cameo against India.
Uruguay defeated India 6-1 in an international friendly, marking another heavy loss for the Indian team against a two-time world champion. Despite an early equalizer from Anirudh Thapa, Uruguay dominated the second half with goals from Maximiliano Araujo, Rodrigo Zalazar, Juan Manuel Sanabria, and Rodrigo Aguirre, following an initial penalty by Darwin Nunez. This defeat concludes a challenging international window for India, which also included a 0-4 loss to Brazil.
India opener Yashasvi Jaiswal is reportedly adding wicketkeeping to his cricketing repertoire, alongside his batting and leg-spin. Mumbai captain Siddhesh Lad confirmed Jaiswal's practice sessions, noting his intention to enhance his game. Jaiswal will be available for Mumbai's Ranji Trophy opener but will miss subsequent matches due to national commitments.
ArcelorMittal reported a significant 62 per cent year-on-year decline in its net income, reaching USD 683 million in the June 2026 quarter, despite a quarter-on-quarter increase in sales and improved performance from its Indian joint venture, AMNS India.
Punjab FC's IFA Shield campaign concluded after a narrow 3-4 defeat on penalties to defending champions Mohun Bagan Super Giant in the semi-final. The match remained goalless after 120 minutes of competitive play, with both teams creating chances before the shootout decided the winner.
Barcelona secured a comfortable 3-0 victory over Getafe, extending their perfect LaLiga start and maintaining a five-point lead. Real Madrid also won 1-0 against Villarreal, despite Vinicius Jr receiving a red card, keeping them six points behind their arch-rivals.
The Reserve Bank of India's recent measures, including a dedicated dollar window for state-run oil marketing companies and tightened foreign exchange derivative rules, are expected to provide near-term relief to the rupee's depreciation, but market participants believe global factors and balance of payment dynamics will continue to exert pressure in the medium term.
The INDIA bloc, comprising 17 opposition parties and civil society members, met at Rahul Gandhi's residence to strategize against alleged "vote chori" and the denotification of Jantar Mantar as a protest site. Leaders, including Rahul Gandhi, Mallikarjun Kharge, and Tejashwi Yadav, vowed to continue their united political and people's resistance, demanding the resignation of Chief Election Commissioner Gyanesh Kumar and asserting that those responsible for undermining democracy would be held accountable.
The Reserve Bank of India (RBI) has increased its GDP growth forecast for the current fiscal year (FY27) by 40 basis points to 7.1 per cent, acknowledging the resilience of domestic economic activity despite global headwinds and geopolitical tensions.
Indian educational institutions are adopting physical modifications like "anti-suicide" fans and barriers to prevent student suicides, drawing parallels with measures taken by foreign universities such as Houston, Cornell, Harvard, and NYU. While these measures are seen as "bandaid solutions" by some, experts suggest restricting access to lethal means is a valid part of a comprehensive suicide prevention strategy, alongside crucial mental health support.
Title holders Portugal defeated Norway 2-1 in the Nations League, securing their place in the March quarter-finals with a perfect record. Goncalo Ramos scored the winning goal, further highlighting the team's success despite Cristiano Ronaldo's recent departure from the squad. Other Nations League results included Denmark beating Wales, the Netherlands overcoming Serbia, and Greece drawing with Germany.
Reserve Bank of India (RBI) Governor Sanjay Malhotra stated that surplus liquidity in the banking system is expected to drain within the current financial year, utilising tools like currency leakage, sell-buy swaps, open market operations (OMOs), and variable rate operations.
State-run Oil and Natural Gas Corporation (ONGC) Ltd reported a 112 per cent year-on-year increase in standalone net profit for Q1 FY27, reaching 17,034 crore, primarily due to higher crude oil prices and increased realisations from new well gas. Despite a consolidated net profit decline due to HPCL's losses, ONGC's core upstream business showed robust growth.
India's net direct tax collection has surged by 13 per cent to over Rs 12.12 lakh crore by September 17 in the current fiscal year, driven by a significant increase in advance tax payments from corporates, according to CBDT data.
Sourav Ganguly has confirmed his new role as head coach for Delhi Capitals for the 2027 IPL season, replacing Hemang Badani. He addressed potential conflict of interest concerns regarding his concurrent presidency of the Cricket Association of Bengal, citing a BCCI ombudsman order. Ganguly also commented on India's football performance and congratulated PM Narendra Modi.
Women Inspiring Network (WIN) has launched 'WIN Connect', an AI-powered platform designed to connect global women leaders and enhance opportunities across various sectors. Unveiled in New York, the platform aims to leverage AI to facilitate networking, access to capital, and business growth for its 10,000-strong network across 50 countries.
Food and grocery delivery giant Swiggy has reported a significant narrowing of its net loss in the first quarter, down 34 per cent year-on-year to approximately 791 crore, while revenue from operations surged by 37 per cent to 6,812 crore. The company also achieved contribution margin break-even in its quick commerce segment, Instamart.
Across all 10 schemes from FY24 to FY26, print media captured 58.8 per cent of the total ad spending, followed by electronic media at 19.5 per cent, digital media at 14.6 per cent, and outdoor media at 7.2 per cent.
Spain, led by a brace from Lamine Yamal, defeated Croatia 4-1 to extend their unbeaten run and maintain a perfect start in the Nations League. Meanwhile, England secured a 2-0 victory over 10-man Czech Republic with goals from Anthony Gordon and Harry Kane, also continuing their strong performance in the tournament.
External Affairs Minister S Jaishankar stated that the world is entering an age of flux marked by conflicts and tariff volatility, requiring India to respond effectively to these challenges. He reiterated India's consistent stance on the Russia-Ukraine conflict, advocating for dialogue and diplomacy, and highlighted India's efforts to engage with both sides. Jaishankar also emphasised India's role in championing the voice of the Global South and navigating complex strategic partnerships in a multi-aligned world.
Punjab Police, in a joint operation with Gujarat Police, arrested Parminder alias Kaka, the main shooter in the murder of social media influencer Mad Sandhu, after tracking him via a QR code. Five other individuals, including the shooter's brother, were also apprehended. The murder, which occurred on October 3, was claimed by foreign-based gangster Goldy Dhillon.
State Bank of India (SBI) reported a 13.73 per cent increase in its June quarter consolidated net profit, reaching Rs 24,113 crore, primarily due to improved core income and a decline in provisions for non-performing assets.
