The Mumbai civic body has initiated demolition of unauthorised constructions in a posh Prabhadevi high-rise, Rustomjee Crown, following complaints from an RTI activist. The action targets illegal alterations, amalgamation of flats, and conversion of common spaces into habitable areas, with the drive expected to continue over several days.
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 indices Sensex and Nifty saw an early rebound, driven by strong performances from blue-chip HDFC Bank and major IT firms like HCL Tech, which reported a significant rise in net profit. Track Sensex, Nifty on October 13.
India's exports saw a significant 23 per cent increase, reaching USD 44.4 billion in September, while the trade deficit narrowed to USD 30.21 billion, according to recent government data.
Sustained selling by foreign investors is weighing on domestic equities, with the benchmark Sensex and Nifty 50 down 15.60 per cent and 14.4 per cent, respectively, this year.
Cricket legend Kapil Dev has cautioned against creating 'excessive hype' around 15-year-old Indian cricketer Vaibhav Sooryavanshi, drawing parallels with Vinod Kambli's career, and urged the media to give the young talent time to develop.
'Existing borrowers who have surplus cash should make partial loan prepayments to offset the impact of rising EMIs and reduce the overall interest burden.'
Domestic passenger vehicle dispatches in India increased by 21.8 per cent year-on-year to 4,54,574 units in September, while two-wheeler sales rose 13.5 per cent to 24.63 lakh units, according to SIAM data.
Tanvi Patri overcame compatriot Shaina Manimuthu in a three-game final to clinch the Asian U-17 title, adding another major trophy to her breakthrough 2026 season.
Indian Olympic Association president PT Usha has called for a stronger, athlete-centric sporting ecosystem, emphasising the need for robust federations, committed coaches, quality infrastructure, and effective sports science support. She highlighted that sporting excellence requires institutions that prioritise athletes and provide fair opportunities, while also congratulating recent Asian Games gold medallists.
ICICI Bank announced a significant 22.28 per cent increase in its consolidated net profit, reaching Rs 16,333.18 crore for the September quarter, primarily fuelled by a 30 per cent jump in its loan portfolio.
'The ethanol blended with petrol programme should not be halted or reconsidered.' 'India is not experiencing a structural sugar shortage, and the ethanol blending roadmap does not compete with food security or drive domestic price increases.'
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.
Indian stock markets closed lower, with the Sensex falling 429 points, after the Reserve Bank of India raised its benchmark interest rate for the first time in nearly four years, coupled with rising crude oil prices and persistent foreign fund outflows.
Two-time Olympic medallist Neeraj Chopra, recovering from an ankle injury sustained in August, expressed optimism about a strong comeback next year. He missed the Aichi-Nagoya Asian Games and Diamond League final due to the injury but is now feeling much better. Chopra also lauded the performance of young Indian javelin throwers at the Asian Games.
India's entry-level passenger vehicle market is experiencing a significant recovery, with mini car wholesales surging 86.3 per cent year-on-year in the first half of FY27, driven by improved affordability and stronger overall demand.
The rise in loan sizes reflects both higher vehicle prices and a shift from entry-level cars to SUVs.
Haryana's Khushi Kadian, partnering with Tamil Nadu's Sanmitha Harini, secured the girls U-16 doubles title at the Fenesta Open National Tennis Championship. Kadian, 13, also advanced to the singles finals in both the U-16 and U-14 categories, setting herself up for a potential triple triumph. Chandigarh's Ribhav Saroha also reached the Boys U-16 singles final, aiming for a double.
US missions across West Asia have issued a security alert advising American nationals to "exercise heightened vigilance" due to Houthi attacks against Saudi Arabia and the potential for Iran and its allies to target US interests. The advisory warns of potential travel disruptions and escalating hostilities, linking the Houthi actions to Iran's regional network and the ongoing US-Iran conflict.
Around 600 children are unaccounted for in Nepal's Rasuwa and Nuwakot districts following devastating flash floods, which have raised the death toll to 1,282 with over 4,700 people still missing.
Punjab BJP chief Kewal Singh Dhillon met the family of slain anti-drug activist Parvinder Singh Jhota, demanding a CBI investigation into his murder. Dhillon appealed to Punjab residents to protest the AAP government by wearing black, alleging its failure to curb the drug menace and protect activists. Jhota was shot dead on October 13, and his family refuses cremation until justice is served.
The Indian government has imposed stockholding limits on bulk sugar consumers, restricting them to a 15-day supply if they use over 10 tonnes monthly, effective September 1 to November 30, to stabilise prices ahead of the festival season.
Mizoram Excise and Narcotics Minister Lalnghinglova Hmar urged college students to avoid drugs, highlighting the growing concern over cannabis use among young people and the high demand for drugs in the Champhai district. Official data reveals a significant number of injecting drug users and drug-related deaths in the state, with a 2022 survey showing cannabis use among children as young as 10-14.
Investors are set to monitor quarterly earnings, crude oil prices, the Jio Platforms initial public offering, and foreign investor activity in the upcoming holiday-shortened week, according to market analysts.
Satya Chintagunta caused an upset by defeating top seed Aarav Challani in the boys U-14 quarterfinals at the Fenesta Open National Championship. Ribhav Saroha continued his strong performance, advancing to the boys U-16 semifinals, alongside other promising players in various categories, including Siddhi Pandey and Khushi Kadian in the girls' events.
A Crisil report indicates that India is the world's fastest-growing polymer compound market, contributing 13% to the global industry. Driven by increased manufacturing in automotive, electronics, and infrastructure, the domestic sector is projected to reach USD 16.5 billion by FY2031, with significant demand from various pipeline and cable segments.
Indian Hockey goalkeeper Savita Punia, known as the 'Wall of Indian hockey', expressed her desire for Priyanka Chopra Jonas to portray her in a biographical film. Punia, who recently led India to significant achievements, shared her inspiration from Priyanka's journey and her own life story, including early responsibilities and personal interests.
The Indian women's cricket team is set to complete a 3-0 T20I series sweep against Zimbabwe in the final match in Raipur, buoyed by strong performances from captain Smriti Mandhana, Shafali Verma, and debutant Niki Prasad.
The Reserve Bank of India on Wednesday raised its policy repo rate by 25 basis points to 5.50 per cent, beginning a rate-hike cycle as rising inflation risks, elevated global yields and resilient domestic growth strengthened the case for tighter monetary policy. The decision by the Monetary Policy Committee marks a shift from its August policy, when it kept the repo rate unchanged at 5.25 per cent and retained a neutral stance while seeking greater clarity on the inflation outlook and growth-inflation balance.
Commercial vehicle loans recorded the highest early-stage delinquency among vehicle finance products, with portfolio at risk (PAR) 31-90 at 4.1 per cent in June 2026, while used car loans emerged as the fastest-growing segment, according to a CRIF High Mark report.
A 25-basis-point increase would restore some real monetary restraint when expected inflation has risen, liquidity remains easy and growth is strong, points out Amarendu Nandy.
Ranabaali fails to deliver the highs matching the ambitious setup, notes Arjun Menon.
India has issued a fresh advisory for its nationals in Saudi Arabia, urging them to take precautions due to heightened security concerns following drone and missile attacks by Yemen's Houthi rebels. The advisory includes instructions on what to do during an aerial attack and notes flight disruptions, with Indian carriers suspending services until late October.
Indian benchmark indices, Sensex and Nifty, surged over 1 per cent, recovering from two days of losses, driven by a strong rally in IT stocks, particularly TCS, and a moderation in global crude oil prices.
'Ma would fiddle with the radio's knob until the static gave way to music; then, the voice would come on. I would be half-asleep still, understanding little of the Sanskrit words I heard but the words in chants, interspersed with songs, cast a spell. I still remember the goosebumps I felt as the epic tale of Goddess Durga's birth and battles unfolded,' says Radha Roy Biswas.
Bihar is facing a severe flood situation with the Central Water Commission issuing an 'Orange' bulletin as the Gandak and Ganga rivers flow above danger marks, leading to embankment breaches and inundation in Saran and other districts. Relief and rescue operations are intensifying with NDRF and SDRF teams deployed, and ration packets being air-dropped to affected areas.
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.
RBI Governor Sanjay Malhotra reiterated India's cautious stance on cryptocurrencies due to concerns over monetary sovereignty and capital flows, while actively promoting underlying technologies like distributed ledger technology and tokenisation. He also addressed the global rise in public debt and hardening bond yields, attributing it to increased government and private spending, including that driven by AI, and noted the implications of global interest rates on India's monetary policy.
Indian benchmark equity indices, Sensex and Nifty, experienced declines in early trade due to renewed tensions in West Asia, which led to a rebound in crude oil prices, coupled with weak global market trends and foreign fund outflows.
