Jio Platforms Limited (JPL) believes satellite broadband services are unlikely to achieve significant scale or compete effectively on price in India's highly connected and affordable market, despite developing its own satellite constellation solutions and flagging it as a potential disruptor.
The Nifty 50 experienced significant volatility during its closing auction session, leading to losses for both long and short retail options traders due to thin liquidity and rapid price swings, particularly in private-sector banks.
Life Insurance Corporation of India (LIC) is facing a thinning of its top management as Managing Director Dinesh Pant exits to join Irdai, leaving one of four MD posts vacant. This comes amidst broader staffing challenges across several public sector insurers and a headless Financial Services Institutions Bureau (FSIB).
Coal India Ltd (CIL) has refuted claims by NTPC Ltd regarding critically low coal stocks, stating it has met and exceeded its contractual supply commitments to the power producer. CIL reported supplying 97 million tonnes to NTPC and its joint ventures during April-September of FY27, a 5% increase year-on-year.
Union Minister Ashwini Vaishnaw announced that the Indian government will release a draft consultation paper on Artificial Intelligence (AI) regulations within the next 30 days, focusing on safety, a human-first approach, skilling, inclusivity, and harm restriction.
Cathy Li, Head of the Centre for AI Excellence at the World Economic Forum, advocates for integrating AI literacy into India's education curriculum and incentivising AI companies to prioritise child safety. She stresses the need for localised solutions that account for India's linguistic and cultural diversity, as well as varying levels of connectivity and digital literacy, to ensure AI systems are safe and beneficial for children.
Artificial intelligence major Anthropic has launched AI inference capabilities in India through Amazon Bedrock, allowing its Claude AI models to process data within the country's jurisdiction. This strategic move addresses the growing demand from Indian entities, particularly in regulated sectors, for compliance with local data processing norms as per the Digital Personal Data Protection Act. The initiative strengthens Anthropic's commitment to the Indian market, enabling secure and compliant AI deployment for sensitive workloads and fostering trust among major enterprises like Reliance, CRED, and NPCI.
Dedicated Ayush dispensaries increased from 26,130 in 2013-2014 to 37,804 in 2024-2025, while hospitals rose much more slowly, from 3,605 to 3,885.
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.
The National Stock Exchange's (NSE) initial public offering (IPO) is expected to shrink in size to Rs 25,000-27,000 crore, down from an earlier estimate of Rs 30,000 crore, as some shareholders are reducing their offer for sale (OFS) stake.
IT Minister Ashwini Vaishnaw announced that the Indian government will release a consultation paper on AI regulations within a month. This framework will address critical aspects like AI safety, deepfakes, and a human-first approach, emphasising the industry's primary responsibility in ensuring safe AI deployment. The move comes amidst growing global concerns over AI risks and the need for robust safeguards.
The CBI has filed its 21st chargesheet in an alleged homebuyer fraud case related to the 'Acme Boulevard' housing project in Mumbai. Five former promoters/directors of Acme Realties Private Limited and Acme Housing India Private Limited are accused of inducing homebuyers through false assurances and fraudulent representations. The agency is also investigating 32 other similar cases involving various builder companies and financial institutions.
India needs to move beyond ease and cost of doing business and focus on the "speed of doing business" as the next leg of reforms to sustain economic growth and private investment, Confederation of Indian Industry (CII) President R Mukundan said.
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.
The Indian government has approved the sale of a 60.72 per cent stake in IDBI Bank Ltd to Canadian billionaire Prem Watsa's Fairfax Financial Holdings Ltd for approximately 52,878 crore, a move that reflects improving India-Canada ties and marks a significant turning point for the bank.
Boxing Federation of India president Ajay Singh has suspended secretary general Pramod Kumar with immediate effect. The suspension is pending an inquiry into alleged financial irregularities, non-cooperation with investigations, and misuse of authority. Allegations include unauthorised work orders for broadcasting and failure to cooperate with inquiries into championship cancellations.
Tata Trusts, the majority shareholders of Tata Sons, have proposed merging two operating companies, Tata Electronics Systems Solutions Pvt Ltd (TESS) and Tata Consulting Engineers (TCE), with Tata Sons. This restructuring aims to shed Tata Sons' classification as a non-banking financial company (NBFC) and a core investment company (CIC), thereby allowing it to retain its status as an unlisted private company and resolve ongoing disputes regarding its future ownership.
The National Stock Exchange of India Ltd (NSE) has received regulatory approval from SEBI for its long-awaited Rs 30,000-crore initial public offering (IPO), positioning it to potentially become the country's largest-ever public issue.
A new report by CIEL HR indicates a massive 260 per cent year-on-year surge in demand for Agentic AI engineers in India by 2026. This growth highlights AI's increasing role in automating routine tech functions and the evolving landscape of technology skills, prompting organisations to invest in reskilling and talent development to meet the rising demand for AI, cloud, and cybersecurity expertise.
The Tata Sons board has voted to reappoint N Chandrasekaran as chairman for a third five-year term, a decision influenced by the Reserve Bank of India's rejection of the company's application to surrender its NBFC registration, which revives the prospect of a stock market listing.
Maruti Suzuki India has significantly increased its capital expenditure (capex) outlay to Rs 77,500 crore for the five-year period ending FY31, aiming to boost capacity, develop new models, and enhance R&D, as announced by MD and CEO Hisashi Takeuchi.
Buying a mature rocket technology gives companies the designs and hardware know-how, but not necessarily the decades of engineering wisdom needed to make it work.
Oriental Insurance has insured around 100 Ganesh pandals this year compared with only 20-30 last year.
The opposition has intensified its criticism of the government's decision to impose a 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000, effective October 15. Leaders like Rahul Gandhi and Jairam Ramesh allege the move is a result of US pressure, particularly from American card companies, and demand an immediate rollback, warning of increased costs for consumers.
Hospital chain Fortis Healthcare has filed a special leave petition in the Supreme Court against a Delhi High Court order directing a forensic audit into the alleged erosion of assets by its former promoters, Malvinder and Shivinder Singh, during enforcement proceedings initiated by Japanese drugmaker Daiichi Sankyo.
Opposition parties, including Congress, TMC, and RJD, have strongly criticised the government's decision to impose a 0.4% Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000 made to merchants. They allege the move is a result of "American imperialism" and will lead to increased commodity prices, while the government maintains the charge is on merchants and not consumers, with person-to-person transactions remaining free.
Their message is blunt: Public scientific wealth should not be transferred at what they describe as 'throwaway prices'.capability, recruitment, promotional avenues and the voice of its employees.
The National Stock Exchange (NSE) is reportedly planning to launch its much-anticipated initial public offering (IPO), estimated at around Rs 30,000 crore, in September, potentially valuing the exchange at over Rs 5 lakh crore.
'Giving up is very easy. But don't give up. Try out whatever you can. Something will happen.'
The Congress party has criticised the Modi government over a notification regarding UPI transactions, alleging it paves the way for imposing fees, especially on transactions above Rs 2,000. Rahul Gandhi claimed the government is surrendering to American pressure, while Mallikarjun Kharge highlighted the potential burden on common citizens amidst inflation. The government's notification prohibits charges on UPI transactions up to Rs 2,000 but remains silent on higher amounts, sparking fears of a "Digital Payments Tax."
United India Insurance chief G Srinivasan has taken up the additional charge of CMD.
The Supreme Court has directed the Central Bureau of Investigation (CBI) to examine all six allegations of financial irregularities levelled by the Enforcement Directorate against Sameer Gehlaut, former chairperson of Indiabulls Housing Finance (IHFL), and five corporate groups, following repeated criticism of investigating agencies for lack of progress.
With momentum building around the IPO, the NSE saw a surge in retail investors in the last two years, making it one of the widely traded stocks in the unlisted market.
Chief Election Commissioner Gyanesh Kumar has affirmed that Indian electronic voting machines (EVMs) are manufactured by public sector companies and operate without internet, Bluetooth, or Wi-Fi connectivity, ensuring their security and reliability.
India's largest IT firm, TCS, has received threat-intelligence alerts regarding a potential leak of 'basic' employee data, but the company asserts there is no indication of customer data or operational systems being affected.
Delhi Police are actively investigating the alleged gang-rape of a 16-year-old girl on a sleeper bus, mapping the vehicle's route using CCTV footage and mobile data, and uncovering multiple challans issued against the bus for violations, including operating without a permit. Forensic evidence is being processed, and the incident has drawn comparisons to the Nirbhaya case.
Leading state-run general insurer New India Assurance Company on Wednesday said it will soon launch a new premium mediclaim product as a part of its efforts to resolve the issue over the cashless health cover, which the state-run players had discontinued early July alleging inflated billing by hospitals.
'Ultimately, banks are a channel for people to get some long-term return, and this means banks need to adjust their asset-liability mismatch.' 'Customers also need long-term deposits, say those of three-five years. How would they get them if returns on those deposits do not climb?' 'Otherwise, on fixed deposits, a senior citizen doesn't get anything.'
Repeated increases in new luxury-car prices, driven partly by the rupee's depreciation against the euro, are expanding the market for certified pre-owned vehicles.
The Tamil Nadu government has mandated stringent quality testing across all distilleries in the state to ensure alcohol content compliance. This decision follows public concern over the temporary ban and swift clearance of products from a private manufacturer, Enrica Enterprises, by the state's liquor monopoly, TASMAC. The move aims to address suspicions and ensure public safety regarding alcoholic beverages.
