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.
The Supreme Court has stayed the Bombay High Court's order granting bail to Shiv Sena corporator Ramesh Mhatre, who is accused of assaulting doctors at a Thane hospital. The apex court emphasised that the medical fraternity must not be attacked, directing Mhatre to surrender within three days.
Shiv Sena corporator Ramesh Mhatre and three others have surrendered to a Thane trial court after the Supreme Court cancelled their bail in a doctor assault case. The Supreme Court overturned a Bombay High Court order, emphasizing the importance of doctor safety and noting Mhatre's extensive criminal history.
India's deposit growth has reached a 15-year high of 17.8 per cent, primarily driven by a surge in foreign currency non-resident (bank), or FCNR(B), deposits. This influx of funds is expected to lead to a softening of corporate loan rates as banks seek to deploy their excess liquidity.
India's markets regulator Sebi has launched 'Demat 2.0', a pilot project for tokenisation of corporate bonds, enabling atomic settlement through integration with RBI's wholesale CBDC. This new market infrastructure uses Distributed Ledger Technology (DLT) to make bond issuance, trading, and settlement faster and more efficient. India is the first country to issue corporate bonds natively on a distributed ledger with central bank digital currency settlement. Additionally, RBI Governor announced new UPI innovations: 'Tap & Pay' for faster POS transactions and MyUPI, an AI-powered customer support solution.
India's net direct tax collection witnessed a robust 13.21 per cent increase, reaching approximately Rs 13.38 lakh crore between April 1 and October 14, primarily fuelled by a strong performance in corporate tax mop-up.
Senior BJP leader R Ashoka has accused the Karnataka Congress government of a Rs 14.95 crore fraud in the Dr B R Ambedkar Development Corporation, following a previous alleged scam in the Maharshi Valmiki Scheduled Tribes Development Corporation. Ashoka cited an ED press release detailing the siphoning of funds through fake accounts and forged documents, demanding accountability from the Congress leadership.
The Central Bureau of Investigation (CBI) has arrested a ward officer of the Srinagar Municipal Corporation for allegedly demanding and accepting a bribe of Rs 10,000 to allow renovation work. The arrest followed a complaint and a successful trap operation.
The Sports Authority of India (SAI) and Indian Oil Corporation have signed an MoU for Rs 40 crore over two years to bolster boxing in India. This partnership, leveraging CSR funds and SAI's expertise, aims to enhance talent identification, athlete development, coaching, and international exposure for boxers, aligning with the revamped Khelo India Scheme.
Zoho Corporation has paused annual pay hikes and reduced marketing expenditure, citing a four-fold increase in server prices for AI infrastructure and an uncertain software sector outlook, according to founder Sridhar Vembu.
The Reserve Bank of India has opened a special dollar window for three public sector oil marketing companies (OMCs) to meet their daily dollar requirements, aiming to curb the rupee's depreciation amidst global economic uncertainty. Additionally, the RBI has introduced new regulatory measures for the foreign exchange market, including reducing the threshold for derivative transactions without underlying exposure and introducing a Foreign Exchange Risk Reserve (FERR).
The National Payments Corporation of India (NPCI) has deferred the implementation of a 0.4 per cent Merchant Discount Rate (MDR) on Person-to-Merchant UPI transactions above Rs 2,000. Originally set for October 15, the new date will be announced after Diwali, providing relief to users and merchants, especially during the festive season. The decision came amidst opposition concerns about the levy burdening consumers.
The National Payments Corporation of India (NPCI) has deferred the implementation of a 0.4 per cent Merchant Discount Rate (MDR) on Person-to-Merchant (P2M) UPI payments above Rs 2,000, originally set for October 15, until after Diwali.
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.
For the first time, co-working spaces have surpassed the IT/ITeS sector as the largest occupier of office space in India during the January-September period, indicating a significant shift towards flexible workspaces, according to Anarock Research & Advisory.
The CPI(M) has initiated an internal inquiry into allegations that one of its councillors in the Thiruvananthapuram Corporation, Ajin S, demanded a Rs 10 lakh bribe to resolve a land dispute. The complainant, Sanju, provided audio and video clips, while Ajin S denies the claims, calling them fabricated. The party's state secretary confirmed the probe, and the Thiruvananthapuram Mayor also acknowledged the seriousness of the allegations.
The Indian Cabinet has approved Fairfax Financial Holdings' Rs 52,878 crore bid to acquire a 60.72 per cent stake in IDBI Bank, marking the country's largest foreign direct investment in the financial sector.
Home Minister Amit Shah on Tuesday criticised Congress leader Rahul Gandhi and the opposition amidst ongoing protests for the resignation of CEC Gyanesh Kumar and scrapping of SIR. Shah predicted a "crushing defeat" for the Congress in the 2029 general elections, citing the BJP's and NDA's strong public support and the Congress's dismal performance in recent bypolls and local body elections across several states, including West Bengal, Tamil Nadu, Puducherry, Rajasthan, Gujarat, and Tripura. He urged the Congress to introspect instead of engaging in "negative politics" and "fabricated media events."
A prayer meet was held in Mumbai to honour Nana Patekar, with Rohini Hattangadi, Shivaji Satam and Maharashtra FDA Commissioner Tukaram Mundhe attending to pay their respects.
Nashik police have arrested an AIMIM corporator, Mateen Patel, for allegedly providing shelter to an accused, Nida Khan, in the ongoing TCS "sexual harassment and religious conversion" case. Patel's arrest is part of a larger investigation into nine cases related to alleged exploitation and forceful conversion at a TCS branch.
Raipur is set to host all three matches of the India-Zimbabwe women's T20I series from October 16 to 20 at the Shaheed Veer Narayan Singh International Cricket Stadium, with ticket sales opening on October 12.
Isha Ambani, a director on the board of Jio Platforms, revealed that a failed attempt to upload a college assignment in 2009-10 due to poor internet connectivity in Mumbai sparked the idea and subsequent conversations that led to the creation of Jio.
Jio Platforms Ltd, the digital and telecom arm of Reliance Industries, is poised to launch India's largest-ever initial public offering (IPO) at Rs 30,213 crore, surpassing Hyundai Motor India's Rs 27,870-crore offering.
The Bombay High Court has granted bail to Shiv Sena corporator Ramesh Mhatre and four others accused of assaulting doctors at a municipal hospital in Thane, ordering a fast-tracked, time-bound trial and imposing strict conditions including staying outside Maharashtra until the chargesheet is filed.
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.
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.
Mumbai Mayor Ritu Tawde has been fined Rs 1,000 by a city court for her repeated non-appearance in a 10-year-old assault case. The court warned that failure to appear at the next hearing on November 2 for framing of charges could lead to a warrant and cancellation of bail bonds. The case stems from a 2016 incident at a BMC school.
The Supreme Court of India has sought proposals for establishing a permanent financial corpus to support patients suffering from Spinal Muscular Atrophy (SMA), a rare genetic disorder requiring expensive treatment. This initiative follows an earlier case involving comedian Samay Raina, which led the court to examine broader systemic concerns for SMA patients.
Commonwealth Games gold medallist Soman Rana has highlighted the critical need for increased corporate support and permanent jobs for Indian para-athletes. He stressed that financial security is vital for athletes to focus on training and achieve consistent international success, including at events like the Paralympics and Para Asian Games. His views were echoed by PCI president Devendra Jhajharia and M3M Foundation chairperson Payal Kanodia, who noted the growing recognition and support for the Paralympic movement in India.
'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.'
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.
The Indian corporate sector demonstrated strong credit quality in the first half of FY27, driven by robust balance sheets and healthy liquidity, despite facing risks from elevated crude prices, inflation, and global interest rates.
Six Delhi Metro stations, including key hubs like Rajiv Chowk, will be closed till 4 pm on Monday due to a protest announced by the Congress party against Chief Election Commissioner Gyanesh Kumar over "vote chori" allegations. Interchange facilities will remain operational.
A dozen companies, including major players like Jio Platforms and Zetwerk Manufacturing Business, are poised to launch Initial Public Offerings (IPOs) in October, continuing India's strong fundraising momentum in the primary market. These offerings span diverse sectors, reflecting sustained investor interest in businesses with robust growth prospects.
Kanpur police have uncovered a Rs 2.66-crore cyber fraud operation, leading to the arrest of two individuals and the identification of 89 bank accounts nationwide. The investigation began after a bank manager reported alleged fake complaints filed by one of the accused, Akhil Singh Chauhan, who was denied banking facilities. The fraud involved a fake investment scheme that targeted an exporter, with money routed through numerous mule accounts.
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.
A Town Planning Supervisor with the Greater Hyderabad Municipal Corporation (GHMC) was caught red-handed by the Anti-Corruption Bureau (ACB) while allegedly accepting a Rs four lakh bribe. The officer had demanded Rs eight lakh to overlook building construction orders and avoid harassing a complainant. Unaccounted cash of Rs 2.5 lakh was also seized from her.
A Kolkata-based lottery firm, Tiger Associates, donated Rs 260 crore to Tamil Nadu's DMK and AIADMK in 2025-26, significantly increasing its contributions from the previous financial year. The firm accounted for nearly 74% of the combined contributions reported by the two parties, highlighting a concentration of political funding. The disclosures also revealed contributions from electoral trusts and a link between Tiger Associates' partner and lottery magnate Santiago Martin, whose other firm was a major electoral bond purchaser.
A fire broke out at ONGC's NQG oil platform off the Mumbai coast on Monday morning due to a ruptured gas cooler finger. The fire was brought under control by personnel from a nearby platform, with no injuries reported. Despite the incident, a company official confirmed that operations have not been impacted, preventing potential significant revenue losses from the crucial Mumbai High field.
State-run power major NTPC has partnered with the Mizoram government to establish an archery academy in Lengpui, Mamit district, at an estimated cost of Rs 13.28 crore. The project, part of NTPC's CSR initiatives, aims to provide professional training and infrastructure for aspiring archers over three years, with the Mizoram State Sports Council responsible for its operation.
