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.
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.
US President Donald Trump and First Lady Melania Trump hosted a lavish state dinner for Chinese President Xi Jinping and his wife Peng Liyuan at the White House on September 24, 2026. The guest list featured a who's who of American tech and business leaders, including Jensen Huang, Tim Cook, Sundar Pichai, Elon Musk, Satya Nadella, Sam Altman, Mark Zuckerberg, Jamie Dimon and Jeff Bezos, alongside senior US officials.
Choose a car loan that fits your budget, keeps EMIs manageable and saves you money on interest, not just one with attractive festive offers.
Manappuram Finance has announced the appointment of Ashish Singh as its new managing director and chief executive officer, effective January 1, 2027, marking a significant shift from its family-led governance structure.
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.
NITI Aayog has recommended treating data centres as strategic infrastructure rather than mere investment projects, releasing a report titled 'Data Centre Evaluation Framework to Help States Plan for Sustainable Growth'. The report advocates for common standards, central government guidance, and a structured approach for states to manage data centre growth, considering resource requirements and economic benefits.
Wipro reported a marginal 1.40 per cent decline in consolidated net profit to Rs 3,200.6 crore for the July-September quarter of FY27, despite a 9.1 per cent increase in revenue from operations to Rs 24,752.7 crore.
The BCCI has postponed a crucial meeting with IPL stakeholders, originally set for October 15, 2026, in Mumbai, due to BCCI officials needing to attend a felicitation ceremony by Prime Minister Narendra Modi for the Asian Games gold medallists. The meeting, vital for the upcoming 20th IPL season, will be rescheduled.
McLaren Racing is selling five fully-functioning Formula One cars, including those driven by champions Lewis Hamilton and Ayrton Senna, and one tested by Hollywood actor Brad Pitt, with prices expected to reach tens of millions of dollars.
Indian benchmark indices, Sensex and Nifty, extended their rally in early trade, driven by strong buying in bank stocks, Reliance Industries, and positive global cues, despite foreign institutional investors offloading equities.
Mercedes-Benz India's Managing Director & CEO Santosh Iyer stated that demand continues to outstrip supply, particularly for the CLA electric vehicle, with over 1,000 orders and deliveries extending to March-April 2027. The company could have sold an additional 1,000 vehicles if supply had been adequate.
Equity mutual fund schemes recorded a net inflow of Rs 38,306 crore in September, a 31 per cent increase from the previous month, driven by strong investor interest in mid-cap and small-cap funds despite stock market volatility and foreign portfolio investor (FPI) sell-offs.
The Goods and Services Tax (GST) Council has announced that Input Tax Credit (ITC) will now be available on health and life insurance policies provided by employers to their employees, a move expected to significantly reduce costs for businesses, especially MSMEs.
Indian benchmark indices Sensex and Nifty experienced declines in early trade, influenced by the Reserve Bank of India's (RBI) recent repo rate hike and its signal for continued monetary tightening, coupled with rising crude oil prices and foreign fund outflows. Track Sensex, Nifty on October 8.
Uttarakhand's final electoral roll, released after the Special Intensive Revision, shows a significant reduction of approximately 8 lakh voters compared to the start of the process, with the total now standing at 71.58 lakh. The opposition Congress, however, claims the decline is much steeper, citing a 14 lakh reduction from an earlier figure. The Chief Electoral Officer's office detailed the revision process, including additions and removals, and outlined ongoing efforts to ensure all eligible citizens are included.
Over a dozen mutual fund houses in India have temporarily suspended fresh subscriptions in their gold fund of funds (FoFs) and gold-silver FoFs, a move believed to be influenced by directions from the Securities and Exchange Board of India (Sebi) ahead of the festive season.
Kapil Dev, president of the Professional Golf Tour of India, praised Pranavi Urs for her historic individual gold and the women's team for their silver medal at the Asian Games, highlighting the growing strength of women's golf in India.
Elon Musk's Tesla has unveiled a new Roadster capable of 'kickflipping' in mid-air using aerospace-inspired technology, showcasing a vision of flying cars and extraordinary acceleration.
Elon Musk, CEO of SpaceX, stated that Starlink's services in India must be affordable for widespread adoption and that competition would benefit consumers, despite potentially reducing Reliance Jio's profits. He criticised Reliance Jio as a 'de facto monopoly' in India, alleging that certain business conglomerates were blocking Starlink's entry.
'This is a very dangerous situation where the chances of your getting hurt are almost 100 per cent,' warns rediffGURU Ravi Mittal, a dating coach and CEO of online dating website Quack Quack and Rebounce, a matrimony platform.
HDFC Bank's board is actively discussing the appointment of its new managing director and chief executive officer (MD & CEO) as incumbent Sashidhar Jagdishan's three-year term concludes in October, with the Governance, Nomination and Remuneration Committee (GNRC) expected to finalise the process soon.
Indian benchmark stock indices, Sensex and Nifty, closed lower due to profit-taking, a spike in wholesale price-based inflation, and firm crude oil prices, despite some support from easing intraday crude oil prices and rupee appreciation.
The Reserve Bank of India's 25-basis point increase in the repo rate to 5.5 per cent is expected to exert pressure on housing affordability and buyer sentiment, particularly affecting interest rate-sensitive segments and potentially moderating sales during the crucial festival season.
The International Cricket Council (ICC) has received over one million ticket applications for the ODI World Cup 2027, with the India vs. Pakistan match being the most sought-after, attracting over 100,000 applications. Other high-demand matches include South Africa vs. India and India vs. Australia. The tournament will be held in South Africa, Zimbabwe, and Namibia from October 2 to November 21 next year.
Dhananjaya de Silva has resigned as Sri Lanka's Test captain with immediate effect on Thursday, citing a desire to pass the leadership to the next generation. He will continue to be available for selection as a player. De Silva led Sri Lanka in 18 Tests, winning seven, and took over the captaincy in January 2024.
Indian benchmark stock indices, Sensex and Nifty, rallied significantly, with Sensex jumping over 1,500 points and Nifty reaching a nearly three-week high, driven by strong buying in banking, IT, and Reliance Industries stocks, alongside easing crude oil prices.
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 Indian cricket board (BCCI) has scheduled a joint stakeholder meeting in Mumbai on October 15 to review past seasons and plan for the Indian Premier League's landmark 20th season in 2027, inviting franchise owners, CEOs, state associations, and broadcasters.
The Shri Ram Janmabhoomi Teerth Kshetra Trust is set to hold crucial meetings to appoint a new general secretary, fill three vacant trustee posts, and deliberate on the appointment of the temple's first Chief Executive Officer (CEO), all while addressing the ongoing donation theft controversy and the Supreme Court's call for a fair investigation.
Prime Minister Narendra Modi, at the India Mobile Congress (IMC) 2026, articulated a vision for India's communications sector, emphasizing a global framework to combat cyber frauds and deepfakes. He called for India to become a hub for innovation and product development for the world. Industry leaders lauded his vision, highlighting India's robust digital infrastructure and its journey towards becoming a global technology leader, with a focus on trust, security, and responsible innovation.
Tata Power has partnered with Norway's Ocean Sun to introduce innovative membrane-based floating solar technology to India. A 300 kWp pilot project will be undertaken at Tata Power's Mulshi reservoir in Maharashtra to evaluate the technology's performance, reliability, and cost-effectiveness under Indian conditions. This collaboration aims to leverage India's significant floating solar potential and contribute to its renewable energy goals.
'Existing borrowers who have surplus cash should make partial loan prepayments to offset the impact of rising EMIs and reduce the overall interest burden.'
Tata Motors Passenger Vehicles (TMPV) Managing Director and CEO Shailesh Chandra stated that the ongoing tussle between Tata Sons and Tata Trusts is 'of no concern' to TMPV, as it is an independently listed company focused on its own strategy.
Keralam-based Genrobotics Innovations, known for its Bandicoot robots used in hazardous underground environments, has secured a project from ISRO's U R Rao Satellite Centre. The company will develop a high-precision articulated boom arm system for satellite missions, marking its entry into advanced aerospace engineering and contributing to India's commercial space programme.
The rise in loan sizes reflects both higher vehicle prices and a shift from entry-level cars to SUVs.
The Shri Ram Janmabhoomi Teerth Kshetra Trust has invited applications for the first Chief Executive Officer (CEO) of the Ram temple in Ayodhya. This new position aims to strengthen administrative and financial management following alleged embezzlement concerns. The CEO will be appointed for a three-year term, overseeing various aspects from finance to pilgrim facilities, and must be an actively practising Hindu with specific managerial experience.
Analysts predict that the Reserve Bank of India's interest rate decision, crude oil prices, and global bond yields will be the primary factors influencing the Indian stock market this week, alongside macroeconomic data and foreign investor activity.
Indian precision engineering firm Aequs has signed long-term supply agreements with French aerospace major Safran. These contracts will support Safran's supply chain and expand Aequs' role in manufacturing critical aerospace components, including fully assembled A320 family aircraft wheels and landing gear components for various Airbus and Boeing programmes, with significant in-country value addition in India.
