HCLTech announced a robust 21.18 per cent increase in its Q2 FY27 consolidated net profit, reaching Rs 5,132 crore, largely propelled by the strong performance and higher margins from its advanced AI operations and a reduced tax burden.
A year after GST rates were rationalised, retail growth in automobiles has sustained beyond the initial festival surge, led by two-wheelers and passenger vehicles (PVs), with the Fada data showing rural markets emerging as a key driver of the post-GST demand recovery.
Keralam-based Genrobotics Innovations, known for its Bandicoot robots used in hazardous underground environments, has secured a project from ISRO's U R Rao Satellite Centre. The company will develop a high-precision articulated boom arm system for satellite missions, marking its entry into advanced aerospace engineering and contributing to India's commercial space programme.
Bharti Airtel Chairman Sunil Bharti Mittal stated that his satcom venture, Eutelsat OneWeb, is 'significantly ahead' of Elon Musk's Starlink in the Indian satcom queue, having applied for a licence five years ago, and expressed a desire to receive regulatory approval before Starlink.
The rise in loan sizes reflects both higher vehicle prices and a shift from entry-level cars to SUVs.
The Directorate of Revenue Intelligence (DRI) has seized over 5.8 kg of foreign-origin gold, valued at Rs 8.98 crores, following a high-speed highway chase near Visakhapatnam, Andhra Pradesh. Two individuals transporting the gold from Kolkata to Hyderabad, which was smuggled via the India-Bangladesh border, have been arrested and remanded to judicial custody.
Karnataka authorities conducted a three-day statewide crackdown on illegal diversion of subsidised Public Distribution System (PDS) foodgrain, seizing 5.65 lakh kg of rice and 24 transport vehicles worth a total of Rs 4.76 crore. Six criminal cases have been registered against nine individuals, and two officials have been suspended for dereliction of duty.
Following the murder of anti-drug activist Parvinder Singh Jhota in Mansa, police have suspended a station house officer and arrested the alleged shooter's wife. The shooter, Ashwani Kumar, and an associate are in police remand. Investigations are ongoing into Kumar's arms licence and drug network, while Jhota's family and activists demand further action and a CBI probe, leading to a 'Punjab bandh' on Thursday.
'The most effective investment approach is one that aligns with an investor's temperament, risk tolerance, and decision-making style.'
The combined market valuation of four of India's top-10 most valued firms eroded by Rs 87,960.29 crore last week, with Bharti Airtel experiencing the largest decline, amidst a bearish trend in the equities market.
The Cockroach Janta Party (CJP) founder Abhijeet Dipke called for a 'Lehra do Tiranga' march in Central Park, Connaught Place, on Friday, despite the NDMC announcing the park's closure and Delhi Police citing prohibitory orders against mass gatherings. The march is part of an ongoing protest against Chief Election Commissioner Gyanesh Kumar over alleged irregularities in electoral rolls. Police have urged people to stay away, while Dipke questioned the authorities' stance on waving the national flag and alleged surveillance. The agitation follows the arrest of CJP leaders and the denotification of Jantar Mantar as a protest site.
Alpine managing director Steve Nielsen, a veteran of Formula 1 since 1985, shares insights into his four-decade career, the sport's evolution from a niche interest to a global powerhouse, and the roles of Bernie Ecclestone and Liberty Media in its growth. He also discusses the potential return of the Indian Grand Prix, highlighting India's significant F1 fanbase.
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.
Indian equity benchmark indices, Sensex and Nifty, extended their losses for a second consecutive day, driven by elevated crude oil prices, persistent foreign institutional investor (FII) outflows, and high US Treasury yields.
The US government has suspended eight major IT firms, including Microsoft, Tata, Infosys, and Wipro, from the Permanent Labour Certification Programme, which allows companies to apply for green cards for foreign workers. This action, announced by Vice President J D Vance, Labour Secretary Keith Sonderling, and Attorney General Todd Blanche, is part of an effort to prevent American workers from being shut out of the job market. The Department of Labour cited abuse of the system, particularly by Microsoft, and also initiated an investigation into the J-1 visa programme used by several universities.
American singer Mary Millben has become a prominent figure in Indian political discourse due to her outspoken support for Prime Minister Narendra Modi, using social media to defend him against critics and appeal to young Indians, despite her musical career being less known in the country.
Cisco Chairman and CEO Chuck Robbins stated that attempts to slow down AI development are futile. He emphasised that the primary focus should be on enhancing security and defensive measures to match AI's rapid advancement. Robbins also discussed the need for guardrails in AI model releases, the importance of cyber hygiene, and the balancing act between innovation and regulation, particularly for countries like India. He believes AI will not be a net job disruptor but will move people up the value chain.
New Zealand Cricket will don a special limited-edition 'Kotahitanga' jersey, featuring lotus flowers and mandala art, during their upcoming ODI series against India to commemorate 100 years of sporting ties between the two nations.
Economic think tank GTRI has urged the Indian government to withdraw the proposed UPI charges, set to begin on October 15, arguing that the digital payment system should remain free for merchants and consumers. GTRI warns that these charges could lead to higher prices, reduced earnings for small businesses, and weakened household demand, while also benefiting international card networks by eroding UPI's price advantage. The think tank also called for an independent audit of UPI's running costs.
E-commerce enablement platform Shiprocket Ltd saw its shares list with a 35 per cent premium on its market debut, trading at Rs 129.50 on the BSE and Rs 131 on the NSE against an issue price of Rs 97, achieving a market valuation of Rs 9,901.60 crore.
While AI can help automate routine, repetitive tasks, jobs that require high emotional intelligence, communication skills, creativity and the ability to work in unpredictable situations are likely to withstand the rise of AI, says Kumar Rajagopalan, vice president (strategic initiatives) and country head (India), at Dexian, a global provider of IT consulting, digital transformation and workforce solutions.
The Enforcement Directorate (ED) has claimed that Rs 860-Rs 880 crore generated from an alleged liquor scam in Chhattisgarh during the previous Congress regime was delivered to the Pradesh Congress Committee office in Raipur. The agency filed a supplementary chargesheet against former PCC treasurer Ramgopal Agrawal and provisionally attached his properties worth Rs 9.06 crore. The ED alleges a liquor syndicate controlled the state excise department, generating over Rs 2,883 crore in illegal proceeds.
Four members of the Hindu Raksha Dal were arrested in Delhi for allegedly assaulting students and women during a protest on October 10. The arrests came after a video of the incident went viral, prompting police to take suo motu cognisance despite no formal complaint. The incident occurred amidst broader protests and detentions.
The Cockroach Janta Party has pledged to continue its protests, demanding Chief Election Commissioner Gyanesh Kumar's resignation and the rollback of the Special Intensive Revision (SIR) of electoral rolls.
'The larger lesson for India Inc is that promoter oversight and professional management are not inherently contradictory. The difficulty arises when the boundaries between the two are unclear.'
Meesho, a value-commerce platform targeting middle- and lower-income geographies, is poised for significant growth driven by its asset-light model and low fulfilment costs, but faces intense competition from e-commerce giants and high valuations.
US President Donald Trump has announced an immediate "energy ceasefire" between Russia and Ukraine, noting that both the warring nations have agreed to the truce.
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.
Indian benchmark equity indices, Sensex and Nifty, experienced declines in early trade due to a surge in Brent crude oil prices, which rose above USD 90 per barrel, coupled with subdued global cues and ongoing US-Iran skirmishes. Track Sensex, Nifty on Auigust 12.
Citron, a brand under Stellantis, anticipates that three-fourths of its sales in India will originate from Tier-II, Tier-III, and smaller cities within the next five years, a significant increase from its current 55 per cent, as it expands its retail network beyond major urban centres.
Ramlila Maidan, recently designated as one of Delhi's new protest sites, is proving to be a costly and difficult option for demonstrators. With no free dates for the next two and a half months and booking fees exceeding Rs 1 lakh, it contrasts sharply with the previously free Jantar Mantar. The ground, rich in political history, also poses logistical challenges due to its busy commercial location and impact on traffic.
Large office leases in Mumbai and Delhi-NCR are commanding premium rentals in key micro-locations, driven by a scarcity of quality Grade-A space and sustained occupier demand, according to real estate consultants.
IBM India and South Asia MD Sandip Patel states that technology, especially AI, should not be "artificially paused." He advocates for vigilance and proactive governance to foster innovation while addressing potential risks. Patel also highlights IBM's India-specific initiatives like Bharat Core and a sovereign AI stack, and discusses the impact of AI on jobs and global supply chains.
A planned protest by the Cockroach Janta Party (CJP) at Jantar Mantar, demanding the resignation of Chief Election Commissioner Gyanesh Kumar over alleged voter-list manipulation, was thwarted by a massive security deployment in Delhi on Saturday. Thousands of protesters were detained as they attempted to gather at various alternative locations across the city, with metro services suspended and mobile internet blocked in some areas.
An Assistant Sub-Inspector (ASI) of Punjab Police, Iqbal Singh, was shot dead by two unidentified motorcycle-borne assailants in Tarn Taran on Sunday evening. This incident follows two other recent attacks on ASIs in Punjab, drawing strong criticism from opposition parties regarding the state's law and order situation.
As India's festive season approaches, passenger vehicle dealers are seeing a notable increase in inventories, yet discounts remain surprisingly moderate compared to previous years, signalling a tighter demand-supply balance in the automotive market.
Try this Bengali dish of tender bottle gourd cooked with golden urad dal badis and a handful of spices,
Opposition parties in Punjab have strongly criticised the Aam Aadmi Party (AAP) government following the murder of anti-drug activist Parminder Singh Jhota in Mansa. They allege a breakdown of law and order and "jungle raj," demanding accountability from Chief Minister Bhagwant Mann and a CBI probe into the killing. The incident has raised serious concerns about the safety of those fighting the drug menace in the state.
Domestic air passenger traffic in India decreased by 4.80 per cent in July 2026 compared to the previous year, reaching 1.20 crore, with major airlines experiencing a drop in load factor, according to DGCA data. Despite the overall dip, IndiGo and Air India Group increased their market share.
Delhi Police have dismantled an inter-state truck theft and dismantling racket, arresting three individuals including the alleged mastermind. The operation led to the recovery of dismantled parts of a stolen truck from a Punjab godown. The investigation involved technical surveillance, CCTV footage, and digital payment tracking, revealing the accused's involvement in multiple truck thefts across Delhi.
