Foreign Portfolio Investors (FPIs) withdrew Rs 13,138 crore from Indian equities in the first half of September, driven by heightened global uncertainty, rising crude oil prices, firm US bond yields, and a strong dollar, impacting risk appetite.
Nagaland United Sports Club is set to make its historic debut in the Indian Football League on October 30, ending a 78-year wait for the state to have a club at this level. The club, founded in 2024, secured its place through a goodwill agreement with Aizawl FC and aims to honour the legacy of Talimeren Ao, India's first national team captain. This entry marks a significant milestone for football in Nagaland, fostering local talent and reflecting the sport's deep grassroots presence.
The Anti-Corruption Bureau (ACB) in Rajasthan has arrested a home guard driver and a court reader in Banswara for allegedly accepting a bribe of Rs 40,000. The bribe was reportedly demanded to prevent a complainant's bail cancellation and ensure assistance in a pending court case. Both accused are currently being questioned.
The Mumbai Cricket Association (MCA) has significantly increased its subsidy corpus for affiliated clubs to Rs 500 crore over the next decade, aiming to bolster grassroots cricket infrastructure. Additionally, the MCA decided to name lounges at the iconic Wankhede Stadium after cricket legends Sachin Tendulkar, Ajinkya Rahane, and late Madhav Mantri.
HCLTech, India's third-largest IT services company, reported robust Q2 revenue growth of 2.3 per cent in constant currency, driven by services and ER&D segments, with strong new deal wins of $3.3 billion and significant traction in its AI business. Despite exceeding margin estimates and raising revenue guidance, some brokerages remain cautious due to the stock's premium valuation compared to peers.
Assam Police have formed a six-member Special Investigation Team (SIT) to probe a firing incident at Hotel Bilas Inn in Guwahati that claimed five lives on Monday night. The incident stemmed from a dispute between the hotel owners and leaseholder Ghanakanta Gogoi, who has been arrested. Four members of a family and a staffer were killed, while another person was injured. The bereaved family alleges the attack was planned.
A Delhi court has granted bail to a married man accused of deceiving a woman into sexual intercourse on a false promise of marriage. The court noted that the man had cooperated with the investigation before his arrest and no custodial interrogation was deemed necessary. The case involves BNS Section 69, which addresses sexual intercourse by deceitful means.
Four members of a Nepal-based international gang, including a domestic maid, have been arrested in connection with the murder of a retired IPS officer's wife in Hyderabad in May. The gang allegedly smothered the victim during a robbery, then fled to Nepal, and was apprehended after extensive police tracking across multiple states.
Indian benchmark equity indices, Sensex and Nifty, significantly recovered from sharp early losses, driven by buying in State Bank of India and Reliance Industries, alongside fresh foreign fund inflows, despite declines in Axis Bank and HDFC Bank.
Rashmika Mandanna, Kriti Sanon, Ranveer Singh, Gauri Khan and more stars celebrate Swadesh's first anniversary in style, dressed in stunning traditional ensembles.
Jio Platforms, the digital arm of Reliance Industries Ltd (RIL), is launching its initial public offering (IPO) with a price band of 1,065-1,119 a share, aiming to make RIL a net-debt-free company and create long-term shareholder value.
The National Company Law Tribunal (NCLT) has dismissed a plea by Jet Airways' liquidator seeking a Rs 500 crore refund from Boeing, ruling that the matter involves a complex contractual dispute requiring detailed adjudication and evidence beyond the tribunal's insolvency jurisdiction.
Television actress Urmila Sanawar faces a fresh First Information Report (FIR) in connection with the Ankita Bhandari murder case, a day after her arrest in Uttar Pradesh. The new FIR, filed by a Dehradun resident, alleges "objectionable and defamatory allegations" made by Sanawar against Sikkim Governor Dushyant Kumar Gautam and BJP national general secretary BL Santosh. Sanawar is scheduled to undergo a narco-analysis test as part of the CBI inquiry, while the Uttarakhand Congress has criticised her arrest, claiming it is an attempt to shield influential individuals involved in the murder case.
Indian banks are projected to achieve healthy profit growth in the second quarter of financial year 2027 (Q2FY27), driven by lower credit costs, robust advance growth, and fee income. However, net interest margins (NIMs) are expected to face pressure due to significant mobilisation of foreign currency non-resident (bank) FCNR(B) deposits.
Equity mutual fund schemes in India attracted a net inflow of Rs 29,329 crore in August, marking the highest in four months, primarily fuelled by strong investor interest in mid-cap and small-cap funds.
An Assistant Sub-Inspector (ASI) in Haryana's Nuh district was arrested on Monday by the State Vigilance and Anti-Corruption Bureau for allegedly accepting a bribe of Rs 20,000. The ASI, identified as Ashok, had reportedly demanded the money to remove a complainant and his wife's names from an ongoing case.
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 BCCI has announced new associate partnerships with Campa, SBI Life, and ChatGPT for India's home cricket matches. These deals are valued at over Rs 130 crore for two seasons, marking a 44% increase over the previous cycle and extending until March 2028. The partnerships highlight the growing commercial appeal and versatility of Indian cricket.
The Kabaddi Champions League (KCL) Season 2 auction is set to take place on Saturday in New Delhi, featuring over 300 players and a total player purse of Rs 5 crore. Prominent players like Naveen Goyat, Sunil Malik, and Ayan Lochab, along with other Asian Games squad members, are expected to be key attractions for the 10 franchises, including new additions Kurukshetra Knights and Jhajjar Jaguars.
Indian benchmark indices Sensex and Nifty traded lower in early sessions due to profit-taking and significant foreign institutional investor (FII) outflows, despite strong performance from IT stocks like Tech Mahindra. Track Sensex, Nifty on October 16.
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.
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).
Lithium-ion battery recycling firm NAN Silox GreenMet Pvt Ltd has appointed Vijay Pasupathy as its Chief Executive Officer. The company is advancing plans to establish a Rs 1,400-crore critical metals recycling facility in Naidupeta, Andhra Pradesh, aiming to boost domestic capabilities in processing recovered critical metals and reduce reliance on imports.
Four inter-state drug peddlers were arrested in Chatra, Jharkhand, with 2.5 kg of opium valued at Rs 20 lakh and Rs 4 lakh in cash. The arrests followed a tip-off, and the seized opium was reportedly destined for Punjab. One of the accused has a criminal history.
Keralam Home Minister Ramesh Chennithala has assured a government job to the eldest of two girls whose parents and paternal grandmother were murdered by a neighbour. The minister met the girls and promised to take steps to secure the job, which was also recommended by the court that sentenced the killer to death.
Anup Bagchi, the incoming MD & CEO of HDFC Bank, is set to become India's highest-paid bank CEO with a proposed target annual compensation package of approximately 35.9 crore, including a significant variable pay component and a one-time joining bonus.
'Borrowers may stop EMIs if the loan or tripartite agreement expressly permits suspension, including where disbursements or repayments are linked to specified construction milestones.'
Pranav Adani's visit to the Singapore Grand Prix has intensified speculation about Formula 1's return to India. The Adani Group, which owns the Buddh International Circuit, is actively pursuing the revival of the Indian Grand Prix, with support from the Indian government. However, significant financial and logistical challenges, including tax clarity and substantial upgrade costs, must be overcome amidst increasing global competition for hosting races.
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.
Police in Shahdol district seized 735 kg of cannabis, valued at Rs 1.13 crore, from a suspicious truck during a night patrol on Monday. Two individuals from Uttar Pradesh and Jharkhand were arrested, and a case was registered under the NDPS Act.
The Vivo V80 brings together a high-resolution AMOLED display, Zeiss-powered cameras and a large 7,200 mAh battery, making it a feature-packed option in the premium smartphone segment.
Bengaluru police arrested two individuals for transporting 317 kg of ganja, worth Rs 1.78 crore, from Odisha to Kerala. The arrests were made on October 12 after intercepting a car in Bengaluru. The accused had travelled to Odisha to purchase the ganja at a low price, intending to sell it for a higher price in Kerala. A case has been registered under the NDPS Act, and investigations are ongoing to identify others involved.
Fashion model and social media influencer Shraddha Dubey, accused in the alleged murder of Lucknow cafe owner Shiva Sharma, claims Sharma committed suicide by jumping from her balcony due to heavy debt. Dubey has released videos denying her involvement and expressing her desire to cooperate with the police, while Sharma's family alleges torture and murder. Police are investigating and seeking to arrest Dubey and other absconders.
A panel supported by Congress MLC Satej Patil has won the election for the Kolhapur District Cooperative Milk Producers' Union (Gokul Dairy), defeating the Mahayuti-backed group led by NCP minister Hasan Mushrif. This victory marks a setback for the ruling Mahayuti alliance in western Maharashtra and gives the Patil-backed panel control of the influential cooperative's board.
The CBI has arrested Anil Kumar, a senior executive at Munitions India Limited (MIL), for allegedly taking bribes and disclosing sensitive defence information related to a Rs 500 crore supply contract. The FIR also names SMPP CEO Ashish Kansal. Kumar is accused of routing illicit proceeds through family members, compromising national security.
Palghar police have appealed to victims of a ponzi scheme run by Rich 2 Money Private Limited to register complaints. The Economic Offences Wing has identified 48 defrauded investors, losing Rs 5.91 crore, with the company promising high returns on investments in share markets and F&O trading.
A Kottayam Vigilance Court has sentenced former Kerala DGP Tomin J Thachankary to four years of rigorous imprisonment and imposed a fine of Rs 30.84 lakh in a disproportionate assets case. This marks the first time a DGP-rank officer in Kerala has been convicted for such an offence, with the court finding him guilty of amassing wealth 135.80 per cent in excess of his known income between 2003 and 2007.
A sub-inspector in Arunachal Pradesh was arrested for accepting a Rs 65,000 bribe to release documents related to a road accident case, after demanding Rs 1.5 lakh. The Anti-corruption Bureau caught him red-handed.
A report by IIT Bombay suggests that the proposed Merchant Discount Rate (MDR) framework for Unified Payments Interface (UPI) transactions needs rationalisation before implementation to safeguard public trust in the digital payments system, highlighting that UPI's long-term economic benefits outweigh potential incremental income from merchant fees.
Canadian billionaire Prem Watsa's Fairfax Financial Holdings will utilise the expertise of Deepak Parekh and Paresh Sukthankar, former HDFC leaders, as it moves to acquire a 60.72 per cent stake in IDBI Bank for 52,878 crore, with N S Kannan proposed as chairman.
