The Indian government has revised its windfall tax on fuel exports, increasing the levy on petrol exports to Rs 2.5 per litre while cutting the duty on diesel exports to Rs 8.5 per litre, effective October 16.
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.
Maharashtra Deputy Chief Minister Eknath Shinde concluded a two-day visit to the UK, focusing on attracting foreign direct investment and promoting the state's economic potential. His engagements included receiving leadership awards, meeting with sports figures like Virat Kohli to discuss Olympic aspirations, and appealing to British investors to bring technology and capital to Maharashtra, leveraging the India-UK FTA.
India's Sports Minister Mansukh Mandaviya has announced the formation of a 10-member Task Force, chaired by Niti Aayog's Yugal Kishore Joshi, to assess the feasibility and challenges of reviving Formula 1 in the country. The committee aims to develop a roadmap for India to host a Grand Prix by 2028, focusing on sustainable growth, policy interventions, and addressing past issues like taxation. The Adani group, owners of the Buddh International Circuit, will also be involved.
Finance Minister Nirmala Sitharaman stated that India is likely to sustain economic growth of 7 per cent or more in 2026-27, continuing the pace recorded since the Covid-19 pandemic, despite geopolitical uncertainties and supply-chain disruptions.
Bharti Airtel Chairman Sunil Mittal has called for proactive regulation of Artificial Intelligence, stating that waiting for an "accident" before implementing safeguards would be "foolish." Speaking at the Bloomberg New Economy Forum 2026, Mittal highlighted the struggle of governments to keep pace with AI's rapid growth and emphasised the need for a global regulatory framework, similar to the aviation sector, to ensure national security and responsible development.
India has exhausted 58.04 per cent of its FY27 fertiliser subsidy budget in under five months, primarily due to a significant surge in global urea prices following the conflict in West Asia, necessitating potential additional government expenditure.
BJP MP Raghav Chadha addressed the 12th IPU Global Conference of Young Parliamentarians in Samarkand, Uzbekistan, highlighting India's digital transformation journey. He emphasised how technology is widening access and promoting inclusion, citing UPI's success, affordable data, and robust data protection laws. Chadha also discussed India's digital cooperation with Uzbekistan and the importance of digital rights, safety, and skill development for all citizens.
Indian digital certification authority eMudhra has reported a compromise of private keys for some of its global TLS and code-signing certificates, according to Cert-In. This incident, while eMudhra states it has limited impact on its Indian operations, could allow cybercriminals to impersonate websites. Separately, SBI has disclosed a suspected exposure of nearly 4,000 customer records on the dark web.
US Secretary of State Marco Rubio's visit to India this week underscores the complex dynamics of global energy policy, as Washington re-evaluates sanctions on Russian oil buyers amidst India's continued reliance on Russian crude.
'... but runs with the rigour and discipline of a large enterprise.'
The Ministry of External Affairs (MEA) has issued a warning against 'malicious' and 'misleading' social media posts concerning the health of world leaders, specifically Chinese President Xi Jinping and South African President Cyril Ramaphosa, who attended the recent BRICS Summit in New Delhi. The warning comes amidst unverified claims about Xi's health and an official statement from Ramaphosa's office confirming his withdrawal from public engagements due to ill health.
Olympic medallist Swapnil Kusale highlights the growing respect and "fear factor" Indian shooters command internationally due to their consistent performances. He expresses confidence in the Indian contingent for the upcoming Asian Games, despite some notable absences, and discusses challenges like range maintenance.
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.
External Affairs Minister S Jaishankar will host US Secretary of State Marco Rubio in Mumbai on October 20 for talks aimed at strengthening the Comprehensive Global Strategic Partnership. Discussions will cover energy, trade, defence, and critical technologies. The visit also includes celebrations for the 250th anniversary of US Independence. This meeting follows earlier confusion regarding Rubio's visit and will also touch upon the India-US bilateral trade agreement, which both sides are close to concluding. The MEA clarified that hosting foreign dignitaries outside Delhi is a common practice.
Indian equities, particularly the Nifty 50, have significantly underperformed their Asian and global counterparts over the past year, with the index down 10.6 per cent. This lag is attributed to factors like rising global oil prices, rupee depreciation, and a lack of participation in the global chipmaker rally that boosted markets like South Korea and Taiwan.
IBM India and South Asia MD Sandip Patel states that technology, especially AI, should not be "artificially paused." He advocates for vigilance and proactive governance to foster innovation while addressing potential risks. Patel also highlights IBM's India-specific initiatives like Bharat Core and a sovereign AI stack, and discusses the impact of AI on jobs and global supply chains.
BRICS leaders, in their New Delhi Declaration 2026, have called for wider access to Artificial Intelligence resources and stronger international cooperation to ensure the technology is safe, secure, inclusive, and reliable. The declaration outlines a broad technology agenda covering AI, cybersecurity, digital public infrastructure, telecom, quantum technologies, and advanced manufacturing, committing to implement the grouping's statement on 'Global Governance of Artificial Intelligence'.
S&P Global Ratings has affirmed India's sovereign credit rating at 'BBB' with a stable outlook, citing the country's dynamic and fast-growing economy, strong external balance sheet, and stable institutions that ensure policy predictability.
The subtext here is that nobody else really matters to America today; only China, because nobody else can truly hurt them, points out Mihir S Sharma.
Chinese President Xi Jinping addressed the BRICS summit, urging the bloc to play a significant role in achieving peace and tranquillity in West Asia and the Gulf region. He highlighted BRICS' growth over two decades, its efforts in tackling global challenges, and its steadfastness in safeguarding the interests of the Global South. Xi called for opposing the Cold War mentality, strengthening multilateralism, and promoting cooperation in emerging domains like AI, as China prepares to chair the next summit.
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.
Cognizant and Google Cloud have announced an expanded partnership to accelerate the adoption of agentic AI, forming a new 'Gemini Frontier Capability Group'. This initiative combines Google's AI platform with Cognizant's expertise to help enterprises deploy resilient, production-grade AI agents and drive business value. The group will focus on areas like legacy modernisation and cyber defence, with Cognizant also scaling Gemini internally.
Jio Platforms Limited (JPL) believes satellite broadband services are unlikely to achieve significant scale or compete effectively on price in India's highly connected and affordable market, despite developing its own satellite constellation solutions and flagging it as a potential disruptor.
American singer Mary Millben has ignited a political debate by calling on 'young patriots' in India to protest the Cockroach Janata Party..
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.
Senior Congress leader Shashi Tharoor has strongly criticised the Bikaner House administration's decision to remove certain photographs from Raihan Vadra's exhibition before its opening. Tharoor termed the act as "petty" and "censorship," stating it casts a shadow on India's reputation as a democracy and a land of freedom of expression. He highlighted the removal of protest photographs and those featuring the tricolour, calling the decision "stupid" and counterproductive, as it has inadvertently boosted Raihan Vadra's profile.
Defence Minister Rajnath Singh felicitated armed forces sportspersons who won 27 medals at the recent Asian Games. He highlighted the role of the Mission Olympic Wing and stressed a focused approach for the 2028 Los Angeles Olympics, aiming to establish India as a leading sporting power.
India's wholesale price-based inflation surged to 11.39 per cent in September, up from 9.92 per cent in August, primarily driven by increasing prices of food, manufactured items, and fuel and power.
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.
Dedicated Ayush dispensaries increased from 26,130 in 2013-2014 to 37,804 in 2024-2025, while hospitals rose much more slowly, from 3,605 to 3,885.
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.
Finance Minister Nirmala Sitharaman stated that the Reserve Bank of India (RBI) will persist in its efforts to prevent excessive volatility in the rupee, which has significantly depreciated against the US dollar due to global uncertainties, despite India's strong macro-economic fundamentals.
Defence Minister Rajnath Singh on Tuesday called for dialogue and diplomacy to resolve global conflicts, stating, "war can never be the answer to war," while addressing the Shanghai Cooperation Organisation (SCO) Council of Heads of Government meeting in Dushanbe, Tajikistan.
RSS chief Mohan Bhagwat stated that regime-change agitations do not resolve fundamental problems and can become instruments of political interests, fuelling divisions rather than delivering solutions. He also called for discernment in consuming information, especially from OTT platforms, and stressed the importance of national unity based on emotional bonds.
The Karnataka government is collaborating with ElevenLabs to explore pilot projects using voice AI across various sectors including skilling, investment promotion, healthcare, culture, and citizen services. This initiative aims to leverage advanced AI to enhance accessibility and efficiency of government services, with a strong focus on responsible AI use and safeguards against misinformation.
Ministry of Information and Broadcasting Secretary Chanchal Kumar outlined the critical factors for the media and entertainment sector's next growth phase, including robust intellectual property, sustainable revenue models, and disciplined investments. Speaking at the CII Big Picture Summit, he emphasised the government's role in fostering an environment for creative enterprises and addressing challenges posed by digital platforms and AI. The CII White Paper also projected a USD 100 billion Indian M&E sector, advocating for stronger IP and regulatory reforms.
PGTI president Kapil Dev has called on authorities to facilitate fan access to the D P World India Championship amidst ongoing protests in Delhi. He also urged Gen Z to listen to others while acknowledging their intelligence, and advocated for shorter golf formats and improved infrastructure to boost the sport's popularity in India.
NetApp CEO George Kurian announced that India is the company's fastest-growing market in Asia, driven by strong performance in BFSI, manufacturing, IT services, and public sectors. The company's Bengaluru global capability centre is its largest, housing 4,000 engineers and leading global R&D. NetApp also unveiled new AI-focused storage solutions and cloud partnerships at its Insight event.
US Secretary of State Marco Rubio, during his visit to Mumbai, affirmed that the US policy on weapons aid and intelligence sharing for Ukraine remains unchanged. He stated that President Donald Trump is "frustrated and angry" over false accusations of deliberately harming Ukraine and is keen on a negotiated end to the conflict. Rubio also addressed concerns about missile interceptor supplies and intelligence sharing regarding recent air strikes, attributing any issues to technical matters rather than deliberate denial. He highlighted global concerns over fuel shortages and the risk of escalation, stressing the urgent need to end the war.
