The benchmark Sensex plummeted 813 points to a three-month low, with the Nifty settling below 23,450, as escalating tensions in West Asia drove crude oil prices above USD 100 per barrel, leading to widespread selling in IT, FMCG, financial services, and oil & gas shares.
Sashidhar Jagdishan, the managing director and CEO of HDFC Bank, has announced his decision not to seek reappointment and will retire at the end of his current term on October 26, concluding a six-year tenure marked by significant regulatory and governance challenges, including RBI restrictions, a major merger, and scrutiny over alleged illegal payments.
The US senate last week passed a bill that would allow Washington to impose tariffs on major buyers of Russian energy.
Jammu and Kashmir Chief Minister Omar Abdullah has renewed his call for the restoration of special status and statehood to the region, asserting that the decision to accede to India 80 years ago was correct. He highlighted the importance of upholding India's federal structure and suggested that if Article 370 hadn't been revoked, PoK residents might be seeking reunification. Abdullah also criticised centralised governance models, arguing they erode state autonomy.
US Secretary of State Marco Rubio stated he does not believe India and Iran are pursuing a trade deal, despite a recent meeting between their leaders. He acknowledged that many countries engage with the Iranian regime but reiterated President Trump's warning against helping Iran evade sanctions, threatening penalties for nations that do so.
The Congress party has criticised the government's new 0.4% charge on UPI transactions above Rs 2,000 for merchants, terming it a "Modi tax". Opposition leaders, including Rahul Gandhi and Mallikarjun Kharge, allege that this move will ultimately burden consumers through price hikes and accuse the government of succumbing to American pressure to dilute India's zero-MDR policy. The government states the charge will support banks and fintechs.
Australia's head coach Andrew McDonald has announced that the team will forgo traditional practice matches before their upcoming Border Gavaskar Trophy Test series in India, opting instead for a short preparatory camp in sub-continental conditions. This strategic decision aims to better acclimatise players for the challenging Indian pitches.
'Value is not where you make money in India. It never has been.' 'You have to buy momentum.' 'Momentum is in technology, and I don't see that slowing down because I believe the AI infrastructure boom is going to last for a while.'
Indian football team head coach Khalid Jamil has strongly defended his decision to drop several established players for upcoming high-profile friendlies against Brazil, Uruguay, and Panama. Jamil stated that selections were based purely on merit and performance, part of a long-term strategy to build a team for the 2027 Asian Cup qualification. He also praised former captain Sunil Chhetri but ruled out his return.
A think tank, GTRI, has urged India to resist US pressure regarding its UPI policies, advocating for competition, policy autonomy, and a sustainable payments ecosystem. This comes as the Lok Sabha passed a bill allowing charges on UPI, and the US has criticised India's digital payment systems, raising concerns about the future of India's digital payment landscape.
To select the best from the abundance of talent in India is no easy task. Talent can win matches, but it is the right selection that will herald a golden era, points out K R Nayar.
Reliance Industries and Rolls-Royce on Friday said they intend to jointly develop a sovereign combat engine for the Advanced Medium Combat Aircraft (AMCA) programme, marking a bid by India's largest private-sector company and Britain's storied aero-engine maker to build indigenous fighter-jet propulsion capability in the country.
Reliance Industries and Rolls-Royce on Friday said they intend to jointly develop a sovereign combat engine for the Advanced Medium Combat Aircraft (AMCA) programme, marking a bid by India's largest private-sector company and Britain's storied aero-engine maker to build indigenous fighter-jet propulsion capability in the country.
The Sports Ministry has suspended the Table Tennis Federation of India's recognition due to governance issues, including delayed elections, and has directed the Indian Olympic Association to form an ad-hoc committee to manage the sport.
Dabur India reported a steady performance in Q1 FY27 with 10.6 per cent year-on-year revenue growth, a 12-quarter high, driven by broad-based gains across India and international businesses. However, volume growth, particularly in beverages due to unseasonal rains, and concerns over monsoon impact on rural demand remain key challenges.
A Goldman Sachs report indicates that US and Indian equity markets are becoming less attractive due to lower free cash flow (FCF) yields as valuations rise, while European markets offer significantly higher yields. Concurrently, India's top-listed residential real estate developers experienced a moderation in pre-sales in Q1FY27, attributed to delayed project approvals, limited launches, and high year-ago bases, though underlying housing demand remains healthy.
Economists highlight that resolving domestic policy bottlenecks, particularly through land reforms and improving the ease of doing business, will be critical for Prime Minister Narendra Modi's 'next-generation reforms' and India's economic transformation towards its 'Viksit Bharat' vision for 2047.
Former Army chief General Manoj Naravane asserted that while India's immediate attention is on Pakistan due to terrorism, China will be New Delhi's primary long-term competitor across political, economic, trade, and military domains, necessitating a strong military deterrence alongside dialogue.
There is no answer to the question of how IN-SPACe invited EOIs for ISRO's mature rockets and whether it was based on any government policy decision.
Sashidhar Jagdishan, the managing director and chief executive of HDFC Bank, has opted out of being considered for reappointment after his current term ends on October 26, choosing to retire after nearly three decades with the lender.
Bangladesh achieved a historic milestone by defeating Australia by nine wickets in Darwin, marking their first-ever Test victory on Australian soil and becoming the fastest Asian team to do so.
Indian information technology (IT) stocks, led by Infosys, experienced a significant selloff, dragging the Nifty to a two-month low, primarily due to escalating West Asian tensions pushing crude oil prices higher, and concerns over upcoming large IPOs diverting funds from secondary markets. The sector is also grappling with the long-term implications of AI disruption.
India pacer Mohammad Siraj has attributed his drop in pace and rhythm since the recent tour of Sri Lanka to an extended two-month break.
The reforms, undertaken by the Department of Defence Production, remove stakeholder consultation for exports of non-lethal defence items to most destinations, while retaining safeguards for sensitive countries.
'It's a no-brainer that in the next Test in New Zealand, your first choice has to be Devdutt.'
The National Anti-Doping Act will be modified to criminalise trafficking and distribution of prohibited substances to athletes, with jail terms of up to five years for suppliers.
Five-time Guinness World Records holder Sufiya Sufi is preparing to defend her Ladakh Silk Route Ultra Marathon title, aiming for a record-breaking performance. She shares her journey into ultra-running, which began in 2017 as an escape from a monotonous routine, and her ultimate dream of a 30,000-km circumnavigation run.
The Supreme Court has directed the Indian Coast Guard (ICG) to consider granting permanent commission to Short Service Appointee (SSA) officer Priyanka Tyagi and other similarly placed women, pending vigilance clearance. This follows earlier strong remarks from the court against the ICG's "vague" and "arbitrary" policy regarding women officers, emphasising gender equality in the armed forces.
'Now the institutions which have the might of law invested in them think that whatever they do is right.'
Bowling coach Morne Morkel has indicated that India might field three left-arm spinners - Kuldeep Yadav, Ravindra Jadeja, and Manav Suthar - in the first Test against Sri Lanka in Galle.
A five-storey boys' hostel in Satya Niketan, Delhi, collapsed, killing three students and trapping others, leading to widespread condemnation from opposition parties. Leaders from Congress and AAP criticised both the central and Delhi governments, highlighting inadequate hostel facilities and demanding accountability for student safety.
"When you have more liquidity than good investment opportunities, there is no reason for MFs to sell a winning trade."
India Inc's first-quarter earnings season was significantly impacted by the West Asia conflict, leading to rising costs, calibrated price increases, and margin pressures across various sectors including FMCG, automotive, steel, and cement. Companies are implementing price hikes to protect profitability, with many anticipating further escalations if input costs remain elevated.
The Sports Ministry has suspended the recognition of the Table Tennis Federation of India (TTFI) due to significant governance deficiencies, including delayed elections and failure to ensure athlete welfare. The Indian Olympic Association (IOA) has been directed to form an ad-hoc committee to manage the sport until a proper governance structure is re-established.
Hangors are effectively 'dead-on-arrival' with Pakistanis saddled with deadweights that displace around 3,000 tons. Last time it was near Vishakhapatnam. This time, barnacles will clog the Hangors in Karachi port itself, points out Dr Abhishek Puri.
India's under-21 men's and women's hockey teams are set to begin their AHF Junior Asia Cup campaigns in Moqi, China. The men's team aims for a record-extending sixth title, while the women's team seeks a hat-trick of trophies, both having undergone extensive preparations and exposure tours.
The search for N Chandrasekaran's successor as Tata Sons Chairman has reportedly narrowed to Tata Steel CEO T V Narendran, Tata Sons Executive Director Saurabh Agrawal, and NSE MD & CEO Ashish Chauhan, with Chauhan emerging as a potential 'dark horse' candidate.
Why should the Hitman of Indian cricket walk into every ODI carrying a retirement question on his shoulders? He should be carrying only his bat to the crease, not a suitcase full of speculation about his future, asserts K R Nayar.
The Supreme Court has ruled that an appellate court cannot unilaterally enhance a convict's sentence unless an appeal for enhancement is filed by the State, victim, or complainant. This significant observation came in a triple-murder case where the Madras High Court had enhanced a co-convict's life sentence to imprisonment for the remainder of his life without such an appeal.
