Samajwadi Party president Akhilesh Yadav has criticised the BJP government, posing 12 questions regarding the banking sector. He highlighted issues such as recurring bank charges, reduced interest rates, demonetisation's impact, missing locker valuables, and poor working conditions for bank employees, accusing the government of weakening banks and exploiting vulnerable communities.
L&T Technology Services (LTTS) has inaugurated an NVIDIA-powered Engineering Intelligence (EI) lab in Bengaluru, designed to showcase AI-native manufacturing, digital twins, and autonomous systems. The facility offers clients a comprehensive view of the manufacturing journey, from virtual validation to autonomous operations, and plans to expand to the US.
Infosys co-founder Nandan Nilekani has dismissed fears that artificial intelligence will lead to job losses in India's IT services sector, calling such concerns "hogwash" and "disaster marketing." Speaking at the Bloomberg New Economy Forum 2026, Nilekani argued that AI will actually increase demand for IT firms as it necessitates complex business transformations and creates new types of jobs, particularly in small businesses.
The Supreme Court on Sunday directed that people gathering peacefully should not be illegally detained and issued a notice to the Centre regarding alleged violations of its earlier order during a CJP protest in Delhi. The court also asked the Solicitor General to ensure normal metro services and no internet disruption, while addressing concerns about widespread detentions and transport closures.
Lokayukta Police in Indore raided a head constable and his associates, uncovering properties worth approximately Rs 29.73 crore. The head constable, Firoz Khan, is accused of using his position to acquire disproportionate assets, significantly exceeding his legitimate income over 24 years of service. The investigation has identified 33 immovable properties, vehicles, bank accounts, and links to private companies.
A graphic designer, Pankaj Gupta, was arrested by Mumbai Crime Branch for creating malicious Android Package Kit (APK) files that enabled cyber fraudsters to cheat over 9,600 people of Rs 150 crore. Gupta, who previously escaped a digital arrest scam, developed APKs disguised as government services, selling them to cybercriminal networks in Bihar and Jharkhand.
A high-level committee, formed after a deadly stampede at a Durga Puja pandal in Kolkata, reviewed safety arrangements at several community puja pandals. The committee announced new measures, including prohibiting food stalls near entry/exit points and eliminating separate VIP entries, to enhance crowd management and safety during the festival.
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.
Indian benchmark indices Sensex and Nifty saw a rebound in early trade, primarily driven by a more than 4 per cent surge in Tata Consultancy Services (TCS) shares following its robust Q2 net profit announcement. Track Sensex, nifty on October 9.
Airtel Business CEO Sharat Sinha stated that evolving architecture and methodologies for safely deploying Artificial Intelligence, coupled with adequate guardrails, are essential to unlock productivity gains. He welcomed the government's upcoming consultation paper on AI regulation, focusing on safety, deepfakes, and a human-first approach. Sinha also highlighted AI's role in driving demand for digital infrastructure and Airtel's growth in cybersecurity and fraud prevention.
'We see a lot of cases of bank deposits getting lost, especially when people die, so this will help address that because you have one consolidated view.'
'Indian IT firms must hire and train more Americans while reducing dependence on sending employees from India to the US.'
Punjab's Finance, Excise and Taxation Minister Harpal Singh Cheema announced the unearthing of a Rs 429.30 crore GST fraud, leading to an FIR in Ludhiana. The investigation, initiated after intercepting a vehicle on September 30, revealed a syndicate of 62 interconnected firms across multiple states using non-genuine documents to evade taxes.
An Indian-origin Metropolitan Police officer, PC Harman Singh, has been charged with one count of attempted rape, three counts of sexual assault, and one count of intentional strangulation. The charges relate to alleged offences against a woman in her 20s in January 2026. Singh was arrested on January 10, suspended from duty, and is due to appear in court on Monday.
Penguin India has announced the English translation of "Tukaram," a Marathi biography of Maharashtra FDA Commissioner Tukaram Mundhe. The book, originally by Shafi Pathan and translated by Vikrant Pande, details Mundhe's life from a challenging childhood to his impactful civil service career, known for his strict enforcement of food safety regulations.
Security has been intensified at the Noida-Delhi borders ahead of a major protest by the Cockroach Janata Party (CJP) in Delhi on Saturday, demanding the Chief Election Commissioner's resignation. Police and BSF personnel are deployed, conducting checks, and placing barriers. Commuters from Noida and Greater Noida are concerned about potential traffic disruptions, though Noida Metro services are confirmed to run as usual. Some activists allege house arrest.
Jio Platforms Ltd's initial public offering (IPO), anticipated to be India's largest, is scheduled to open for subscription on October 21 and close on October 23, with reservations for employees and Reliance Industries Ltd shareholders.
India's GST Council has approved changes allowing small online sellers to register in states without physical premises by using an e-commerce operator's warehouse as their principal place of business, aiming to boost national sales for small businesses.
A priest from St Vincent Ferrer Church in Mangaluru, Father Cyprian Pinto, has been arrested on charges of sexually abusing minor boys. The arrest followed intervention by Mysuru-based NGO Odanadi, after initial complaints to the diocese and child protection authorities reportedly did not lead to immediate action. Police inquiries suggest at least five children were victims.
The Jammu and Kashmir government has initiated a thorough inquiry into allegations of misconduct against IAS officer Kumar Rajeev Ranjan, who is accused of using abusive language towards a female JKAS officer during a recent virtual review meeting, an incident that has sparked widespread condemnation and calls for strict action.
Mohammed Shami's impressive 4/30 led Bengal's strong start against Delhi in the Ranji Trophy. Other matches saw centuries from Shikhar Mohan (Jharkhand), Ankit Bawne (Maharashtra), and Gaurav Choudhary (Odisha) on the opening day of Group C fixtures.
Sunil Gavaskar launched 'Rag Rag Mein Cricket', chronicling Sanjay Jagdale's journey from cricketer to coach, selector and administrator, while praising his lifelong, invaluable contribution to Indian cricket.
Pragya Misra, OpenAI's head of public policy and strategy for India, stated that the next phase of AI will concentrate on driving measurable outcomes rather than mere experiments. She highlighted examples like Cars24 using AI for customer retention and a healthcare company building its CRM with OpenAI's Codex, demonstrating AI's tangible business impact and cost-saving potential. OpenAI aims for artificial general intelligence (AGI) to benefit all humanity by making AI accessible and addressing enterprise concerns like data residency.
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.
Active and passive funds offer different advantages across market-cap segments, making a mix of both a sensible portfolio strategy.
'It is possible that the attackers might have been ordered not to kill.'
India's leading IT companies are anticipated to report subdued revenue growth and largely stable margins for the July-September quarter, as clients maintain tight discretionary budgets, with analysts closely watching the conversion of strong bookings into revenue and the impact of AI on traditional services.
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.
US Secretary of State Marco Rubio is on a three-day visit to India to discuss bilateral ties in energy, trade, investment, defence, and critical technologies, as well as the West Asia crisis. His visit aims to strengthen the India-US Comprehensive Global Strategic Partnership amidst existing friction, with a focus on finalising a proposed bilateral trade deal.
Delhi is under an unprecedented security clampdown with 25,000 police and paramilitary personnel deployed, 45 metro stations shut, and mobile internet suspended in parts of the city, as authorities deny permission for a protest by the Cockroach Janta Party against Chief Election Commissioner Gyanesh Kumar.
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.
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.
African digital financial services platform, Airtel Money, has successfully debuted on the London Stock Exchange, marking the exchange's largest initial public offering (IPO) in several years with an implied market capitalisation of about USD 7 billion.
India has issued an advisory for its nationals in Saudi Arabia to remain vigilant and stay indoors due to an escalating security situation involving Houthi attacks on civilian infrastructure, including airports. The advisory also cautions against circulating related news and confirms the normal functioning of Indian diplomatic missions. Flight services from India to Riyadh have been cancelled by Air India and Air India Express until October 10 following the attacks.
The GST Council has approved a proposal allowing pharmaceutical companies to claim Input Tax Credit (ITC) on free samples and goods destroyed or written off due to expiry, effective from the next fiscal year. This move aims to support manufacturing, liquidity, and exports within the sector.
A BJP-nominated councillor in Aheri Nagar Panchayat, Amol Vilasrao Gudeliwar, was arrested on Thursday by the Anti-Corruption Bureau for allegedly accepting a bribe of Rs 1.20 lakh from an electrical contractor. He had demanded a 15% commission for works under the 'Nagarotthan' scheme.
The GST Council has approved significant reforms including removing the arrest power of tax officials, raising the prosecution threshold fivefold to Rs 5 crore, and introducing faster, largely automated refunds for taxpayers. These changes, aimed at fostering trust and easing business, will be implemented from April 1, 2027.
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.
The Centre has announced the awarding of 1057 Gallantry and Service Medals to personnel from Police, Fire Service, Home Guard & Civil Defence, and Correctional Services on Independence Day, recognising their exceptional bravery and distinguished service.
A 22-year-old man, Avdeep Singh, allegedly shot dead his 30-year-old stepfather, Navjot, at his car service centre in Rampur, Uttar Pradesh. The murder, which occurred on October 10, was reportedly motivated by Avdeep's resentment over his 49-year-old mother Kamal Kaur's decision to remarry after her first husband's death. Avdeep, who had returned from New Zealand, conspired with his cousin Rajandeep Singh, 23. Both accused were arrested within 48 hours, and police recovered the car and weapons used in the crime.
