Madhya Pradesh Lokayukta police raids have uncovered 46 immovable properties worth an estimated Rs 64 crore allegedly linked to head constable Firoz Khan, his family, and associates. The properties, including houses and land, far exceed his legitimate income over 24 years of service, prompting an ongoing investigation under the Prevention of Corruption Act.
The Supreme Court on Sunday issued a notice to the Centre and passed several directions regarding metro and train services, internet access, and peaceful assembly in Delhi, following a plea for contempt proceedings over alleged violations during the CJP protest. The court emphasised the protection of fundamental rights and the need for lawful conduct during protests.
A 'Punjab Bandh' was observed on Thursday, leading to widespread closures of shops and private schools and road blockades across several districts, following the murder of anti-drug activist Parvinder Singh Jhota in Mansa on Tuesday. Jhota was shot by a chemist owner for questioning the sale of addictive drugs. The incident has triggered significant political backlash against the Aam Aadmi Party government, with various organisations and opposition parties demanding accountability and a CBI probe.
A special CBI court in New Delhi has sentenced former government official Neeraj Khatri to four years' rigorous imprisonment in a corruption case. The court emphasised the need for strong deterrence against corruption but considered Khatri's age and dismissal from service when deciding the sentence, noting his prior convictions.
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.
Nandan Nilekani, co-founder of Infosys, has urged for the expanded adoption of the Account Aggregator (AA) framework to facilitate formal credit access for self-employed individuals and gig workers. He highlighted its potential to enable cash-flow-based lending by leveraging diverse data streams, moving beyond traditional asset-based lending, and fostering a more inclusive digital financial infrastructure in India.
Olympique de Marseille and Lille, two prominent French football clubs, reported that their official stores were looted during the widespread weekend unrest across France, which saw thousands arrested and significant property damage.
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.
A state-wide bandh was observed across Punjab on Thursday following the murder of anti-drug activist Parvinder Singh Jhota in Mansa. Markets and educational institutions remained shut, and roads were blocked by protesters, disrupting traffic. Jhota was shot on Tuesday for questioning the illegal sale of addictive drugs. His family, supported by various political parties and farmer unions, has refused to perform his last rites until justice is delivered, demanding resignations of top officials and a CBI probe. The incident has intensified the political debate on drug menace and law and order in Punjab.
Alejandro Davidovich Fokina rallied from a set down to defeat Rafael Jodar in three sets, capture his biggest career title at Shanghai and secure a projected career-high ranking.
Elon Musk has renewed his criticism of Mukesh Ambani regarding Starlink's entry into India, accusing Ambani's supporters of hypocrisy for simultaneously claiming Starlink can't compete with low prices and that it poses a strong competitive threat. Musk argues that competition would benefit Indian consumers and that Starlink would adjust pricing if too expensive. He also shared reports alleging Reliance-funded political donations. Communications Minister Jyotiraditya Scindia stated India does not permit monopolies and that multiple players, including Starlink, have received satcom licences.
L&T Technology Services (LTTS) CEO Amit Chadha announced that artificial intelligence is a net positive for the company, with six key focus areas expected to contribute 80% of revenue in five years. These areas, including digital manufacturing and AI infrastructure, are projected to deliver higher growth and margins, offsetting pricing pressures in traditional IT services. LTTS also inaugurated an NVIDIA-powered AI manufacturing lab in Bengaluru.
Coursera found that nearly 94 per cent of employers of professionals who took micro-credential courses on the platform said these professionals could command higher salaries than their peers.
The Indian government has strongly refuted Elon Musk's allegations that Starlink's satellite communication services are being blocked in the country, asserting that a fair and non-discriminatory regulatory framework is in place for all telecom providers. The government emphasised that compliance with security norms is mandatory for all licensees, including Starlink, Jio Satcom, and Eutelsat OneWeb, all of whom are currently undergoing security assessments.
Odisha Vigilance department arrested Superintending Engineer Prasanjit Das after seizing over Rs 21.88 lakh in unaccounted cash from him. Das, accused of demanding bribes, was intercepted on Friday night, and further cash was found during searches at his residences. He faces charges under the Prevention of Corruption Act, 2018.
The directive comes amid concerns over steep mark-ups on medicines and medical consumables sold at hospital pharmacies.
Indian benchmark indices Sensex and Nifty closed higher for the second consecutive day, primarily driven by robust buying in IT stocks following strong quarterly results and positive global trends. Tech Mahindra notably surged over 8% after reporting a significant jump in net profit.
Reliance Industries Ltd (RIL) has publicly welcomed competition from Elon Musk's Starlink in the satellite communications sector, asserting that all players, including Jio, must abide by Indian laws and policies.
L&T Technology Services (LTTS) reported a 66.78 per cent increase in consolidated net profit to Rs 548.2 crore for the July-September quarter of FY27, largely due to a one-time gain from the sale of its Smart World and Communication business. Revenue also grew by 12.1 per cent to Rs 3,040.4 crore. The company secured over USD 200 million in large deal wins, with a significant portion in AI-related projects, and launched an Engineering Intelligence Lab in partnership with NVIDIA.
L&T Technology Services (LTTS) reported a 66.78 per cent increase in consolidated net profit to Rs 548.2 crore for the July-September quarter of FY27, largely due to a one-time gain from the sale of its Smart World and Communication business. Revenue also grew by 12.1 per cent to Rs 3,040.4 crore. The company secured over USD 200 million in large deal wins, with a significant portion in AI-related projects, and launched an Engineering Intelligence Lab in partnership with NVIDIA.
Eutelsat OneWeb, a satellite communications company, is awaiting approvals from the Indian central government to launch its services, as confirmed by Sunil Mittal, chairman of Bharti Enterprises, the largest shareholder in the Eutelsat group.
On the third day of the Ranji Trophy Elite Group C matches, Delhi trailed Bengal by 88 runs, with Bengal having posted 429. Kerala faced a significant deficit against Jharkhand, while Gujarat took a first-innings lead against Odisha, who now hold a slender four-run lead in their second innings. Maharashtra led Services by 172 runs despite a shaky start to their second innings.
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.
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.
TCS chief executive and managing director K Krithivasan stated that the US is unlikely to target tech companies based on their domicile, with actions like the recent green card application programme suspension being driven by local sensitivities around jobs.
Elon Musk has escalated his criticism of Indian industrialist Mukesh Ambani, sharing media reports that alleged Reliance-funded firms helped boost BJP campaigns on social media and made large political donations. This comes amidst a persistent delay in the launch of Starlink satellite broadband services in India, with Musk accusing Ambani of protecting a monopoly. The Indian government maintains its telecom framework is fair and non-discriminatory, while Reliance has not publicly responded to Musk's allegations.
Elon Musk questioned if Mukesh Ambani is India's "real boss" amidst Starlink's licensing issues, drawing a cryptic response from Rahul Gandhi. The Indian government clarified that security assessments are pending for all satcom licensees, not just Starlink, and the delay is due to the Ministry of Home Affairs.
They had bought Rs 29,631 crore worth of shares in August.
Former IAS officer Divya Mittal has launched her new political party, Jan Neeti Bharat, with the aim of contesting the 2027 Uttar Pradesh assembly elections and redefining governance by making people central to policymaking and ensuring government accountability.
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.
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.
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.
HCLTech has announced a global partnership with Anthropic to establish a dedicated business unit focused on developing agentic AI solutions for enterprise clients using Anthropic's Claude. The collaboration aims to help businesses adopt AI systems that operate with minimal human intervention, prioritising safety, cybersecurity, and governance. HCLSoftware will also integrate Claude into its enterprise products.
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.
Indian benchmark indices Sensex and Nifty saw a sharp rebound in early trade, driven primarily by a rally in IT stocks and a decline in crude oil prices, even as global markets faced selling pressure due to US inflation concerns. Track Sensex and Nifty on
The second round of the Ranji Trophy will see India's Test and ODI captain Shubman Gill return to action for Punjab, while Mumbai will be without key players Yashasvi Jaiswal and Ayush Mhatre due to India A duties and injury, respectively, setting the stage for crucial encounters across the country.
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.
Tata Consultancy Services (TCS) announced a 15 per cent increase in net profit, reaching Rs 13,884 crore for the September quarter, driven by an 11.22 per cent rise in revenue from operations.
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.
