Larsen & Toubro (L&T) is investing Rs 5,000 crore over five years to enter the automotive components sector, focusing on electric vehicle (EV) motors, safety systems, and connected-vehicle technologies, aiming to become a Tier-I auto supplier.
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.
The Anti-Corruption Bureau (ACB) in Navi Mumbai has arrested an inspector and a security guard from the Grocery Markets and Shops Board for allegedly accepting a bribe of Rs 43,000 to issue a Mathadi worker registration receipt. The arrest followed a complaint from an autorickshaw driver seeking a worker appointment.
India's government is set to release its draft National Steel Policy for public consultation, aiming for over 600 million tonnes of steelmaking capacity and 500 million tonnes of consumption by 2047. The policy will also introduce a ~5,000-crore scheme to incentivise small steel producers for carbon emission reduction and address challenges like raw material availability and technological dependence.
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).
The Fencing Association of India (FAI) has announced significant cash awards for its medallists at the upcoming Asian Games in Japan, aiming to motivate fencers to achieve glory for the nation. Gold medallists will receive Rs 10 lakh, silver medallists Rs 7.5 lakh, and bronze medallists Rs 5 lakh.
The Supreme Court has stayed an Allahabad High Court order that directed Gautam Buddh Nagar District Magistrate Medha Roopam to pay Rs 5 lakh compensation from her salary for the detention of student Akriti Chaudhary under the National Security Act (NSA). The High Court had quashed Chaudhary's detention, criticising the DM's conduct and ordering compensation. The Supreme Court issued notice on pleas from Roopam and the Uttar Pradesh government, also staying the High Court's observations against the DM, with further hearing scheduled for October 7.
The Supreme Court has modified its interim order, staying the strictures and compensation directive passed by the Allahabad High Court against Noida DM Medha Roopam. The High Court had ordered Roopam to pay Rs 5 lakh from her salary for the detention of student Akriti Chaudhary under the NSA, criticising the DM's conduct. The Supreme Court's interim order specifically stays paragraphs 27 to 33 of the High Court judgment, which contained the strictures and cost award, but does not stay the quashing of Chaudhary's detention.
Police in Bengaluru have arrested Balasubramanian, a partner in DM Pharma, in connection with an interstate counterfeit drug racket. This arrest follows the apprehension of alleged kingpin Prashanth Rajan Babu. The Special Investigation Team is probing the supply chain, financial transactions, and distribution channels of fake medicines worth nearly Rs 5 crore, which were being relabelled as premium brands.
Prashanth Rajan Babu, the alleged kingpin of an interstate counterfeit drug racket, has been arrested at Kempegowda International Airport in Bengaluru after absconding to Azerbaijan. He is accused of leading a network that refilled cheap bulk drugs into new vials and relabelled them as premium imported brands, with a previous raid seizing fake medicines worth Rs 5 crore.
Prashanth Rajan Babu, the alleged kingpin of an interstate counterfeit drug racket, has been arrested at Kempegowda International Airport in Bengaluru after absconding in Azerbaijan. He is accused of leading a network that refilled cheap drugs and relabelled them as premium brands, with drugs worth Rs 5 crore seized earlier.
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.
The Kerala Crime Branch has arrested Raveendran Nair, former caretaker of Jayamadhavan Nair, for his murder nine years ago. The investigation, initially treated as an unnatural death, gained momentum through forensic evidence, contradictory statements, and a forged will, leading to the unravelling of a property dispute motive.
Prashanth Rajan Babu, the alleged kingpin of an interstate counterfeit drug racket, has been arrested at Kempegowda International Airport in Bengaluru. He had been absconding and was reportedly hiding in Azerbaijan. The arrest follows a major raid in August where fake medicines worth Rs 5 crore were seized, and a Special Investigation Team was formed to probe the network.
Two employees in Nagpur lost Rs 5 lakh cash from their car after stopping for a tea break, with thieves swiftly taking advantage of the unattended vehicle. Police are investigating the theft and examining CCTV footage.
More than 40 per cent of Cars24's sales are now linked to rural registration and transport office (RTO) locations, although procurement remains concentrated in urban markets.
Two men from Jammu and Kashmir and Rajasthan have been arrested for allegedly duping a Delhi resident of Rs 6 lakh in a digital arrest cyber fraud. The accused impersonated law enforcement officials, threatened the victim, and induced him to transfer money. Investigations revealed links to multiple other cyber fraud complaints and a Cambodia-linked digital trail.
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.
Prime Minister Narendra Modi has urged for a global framework to combat cross-border cyber frauds and deepfakes, highlighting the need for governments, tech companies, telecom operators, and financial institutions to collaborate. Speaking at the India Mobile Congress 2026, Modi stressed that technology thrives on trust and that India is ready to share its expertise in tackling cyber threats. He also noted the rapid expansion of 5G and the success of digital governance initiatives like Direct Benefit Transfer.
Opposition leaders, including Rahul Gandhi and members of the INDIA bloc, have strongly condemned the arrest and jailing of Cockroach Janta Party (CJP) co-conveners Saurav Das and Ashutosh Ranka for protesting at Jantar Mantar, asserting that waving the national flag and peaceful protest are not crimes.
Keralam police have issued a public caution against cyber fraudsters who use fake customer care numbers of banks and e-commerce platforms to deceive individuals and steal their personal and financial information. Fraudsters post fake numbers online, then contact victims posing as support agents, asking them to install remote access apps or make small payments to gain access to sensitive data.
The Supreme Court expressed dissatisfaction with the Centre's cap on anti-cancer drug trade margins, questioning why similar controls aren't applied to other medicines. The court highlighted significant markups on common drugs and medical devices, urging the government to expand its price regulation efforts and present modalities by October 27.
Indian benchmark indices Sensex and Nifty experienced volatile trading, influenced by elevated crude oil prices, high US bond yields, and selling pressure in IT stocks, despite an early rebound.
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.
Punjab Police, in a joint operation with Gujarat Police, arrested Parminder alias Kaka, the main shooter in the murder of social media influencer Mad Sandhu, after tracking him via a QR code. Five other individuals, including the shooter's brother, were also apprehended. The murder, which occurred on October 3, was claimed by foreign-based gangster Goldy Dhillon.
A 52-year-old labourer, Santosh Kumar Gupta, has been arrested in New Delhi for allegedly facilitating an online investment fraud by lending his bank account to route Rs 5 lakh of defrauded money. He is suspected of acting as an India-based facilitator for an international cyber fraud network.
The National Testing Agency (NTA) has debarred Aditya Motegaonkar, son of Shivraj Motegaonkar, an accused in the NEET-UG paper leak case, from appearing in the examination for two years. He is also ineligible for the NEET-UG 2027 exam. The CBI alleges his father paid Rs 5 lakh for chemistry questions, which Aditya reportedly received in coaching classes. Aditya denies any wrongdoing, questioning the withholding of his retest results.
Minerva Public School CISCE from Mohali defeated Maqdoomiya Islamic Cultural English Medium Higher Secondary School from Kerala 3-2 to win the Junior Boys (U-17) title at the 65th Subroto Cup International Football Tournament. Other winners included Saint Patrick's High School in Junior Girls and Manik Para Vivekanand Vidyapeeth in Sub Junior Boys.
Delhi Police have busted a major interstate racket involved in forging disability certificates to facilitate admissions under the Persons with Disabilities (PwD) category. Nine individuals have been apprehended, and 27 fake certificates were recovered. The network allegedly manipulated Aadhaar addresses using AI tools and involved education consultants and government employees across Uttar Pradesh.
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.
The Enforcement Directorate (ED) conducted searches in Jaisalmer, Rajasthan, investigating the alleged misuse of Rs 5.10 crore in foreign donations from a non-FCRA registered Belgian entity for proselytisation activities. Two local residents are accused of receiving funds without proper registration, disguising them as educational or cultural services, and using them to influence vulnerable communities.
The National Testing Agency (NTA) has debarred Aditya Motegaonkar, son of NEET-UG paper leak accused Shivraj Motegaonkar, from the examination for two years and withheld his result, following alleged irregularities in the May 3 exam and a retest.
A Delhi court has permitted seven foreign nationals, including American mercenary Matthew Aaron Van Dyke and six Ukrainians, arrested in an alleged drone-warfare training camp case probed by the NIA, to travel to their home countries for a month after being granted default bail.
A 76-year-old man, Abdul Samad, has been sentenced to 13 years in prison and fined Rs 16,000 for his involvement in a 1988 bank robbery at the Nallurnad Service Cooperative Bank in Wayanad, Kerala. This sentencing concludes a decades-long legal process for the six-member gang.
Bengaluru customs arrested a passenger arriving from Bangkok at Kempegowda International Airport with 14.93 kg of hydroponic ganja worth Rs 5.23 crore, concealed in check-in baggage. The arrest was made under the NDPS Act.
The Directorate of Revenue Intelligence (DRI) has dismantled a major gold-smuggling syndicate at Chhatrapati Shivaji Maharaj International Airport, seizing 3.2 kg of gold worth Rs 5 crore. Seven individuals, including Bangladeshi and Sri Lankan nationals and three airport staff, have been arrested in connection with "Operation Golden Nexus."
IndiGo, India's largest airline, has recently increased charges for several ancillary services, including infant travel and unaccompanied minors, citing rising operational costs and higher fuel prices. Domestic infant travel charges have risen to Rs 3,000, while unaccompanied minor services are now Rs 5,999 for domestic and Rs 12,999 for international flights.
India's net direct tax collection has surged by 13 per cent to over Rs 12.12 lakh crore by September 17 in the current fiscal year, driven by a significant increase in advance tax payments from corporates, according to CBDT data.
Delhi Police have registered three FIRs and detained nearly 1,000 individuals, including prominent political leaders and activists, following protests at Jantar Mantar demanding the resignation of Chief Election Commissioner Gyanesh Kumar. The protests, which violated prohibitory orders, were in response to allegations concerning the Special Intensive Revision of electoral rolls.
A Fast-Track Special Court in Hoshiarpur has sentenced a 33-year-old migrant labourer, Nanke Yadav alias Radhe Sham, to death for the aggravated sexual assault and murder of a five-year-old boy. The court termed it a 'rarest of rare' case, with the death sentence subject to confirmation by the Punjab and Haryana High Court.
