Mahindra & Mahindra (M&M) Ltd reported a significant 34 per cent year-on-year increase in Profit After Tax (PAT) to Rs 5,455 crore for the June quarter, driven by strong performance in its Auto and Farm segments despite challenging macro-economic conditions.
A special court in Latur, Maharashtra, has sentenced Chumbalya alias Ritesh Rajnand Kasbe to 20 years of rigorous imprisonment for sexually assaulting an eight-year-old girl last year. The verdict was delivered under the Bharatiya Nyaya Sanhita and POCSO Act, with the court also imposing a Rs 5,000 fine.
Marriage, childbirth, dependent parents and ageing increase the cover a person needs.
Punjab & Sind Bank MD and CEO Swarup Kumar Saha clarified that merchants cannot pass on Merchant Discount Rate (MDR) charges to customers for UPI payments, ensuring consumers only pay the displayed price. The new MDR structure, effective October 15, applies a 0.4% charge on P2M transactions above Rs 2,000, with specific flat rates for certain sectors, but small-value transactions remain free.
A 21-year-old man in Mumbai has been arrested for allegedly abetting his wife's suicide, just seven months after their marriage. The victim's mother accused him of dowry harassment and physical violence after her daughter discovered his extramarital affair. The wife died by suicide in September after being brought back to Mumbai for treatment of severe injuries.
The Supreme Court advised actor Rajpal Yadav to make good movies and entertain people to rebuild his image, as it acknowledged his payment of Rs 1.15 crore in a long-running cheque-bounce case. The court also noted a prospective buyer for his property willing to deposit Rs 85 lakh. Yadav expressed financial losses from his film 'Ata Pata Laapata' and the impact on his career.
India's banking system liquidity surplus has significantly narrowed due to tax outflows, including GST payments, and higher cash reserve ratio balances. This tightening liquidity has pushed the weighted average call rate closer to the RBI's marginal standing facility rate, with market participants anticipating a persistent deficit in the coming months.
The family of slain anti-drug activist Parvinder Singh Jhota in Mansa continues to refuse a post-mortem of his body, demanding the resignation of Punjab Chief Minister Bhagwant Mann and DGP Gaurav Yadav. Despite the government agreeing to a CBI probe, compensation, and other concessions, the family and a joint action committee insist their key demands, including the resignations, have not been met, prolonging the standoff.
Gold prices in India have fallen for the third consecutive day, shedding Rs 1,800 to Rs 1.5 lakh per 10 grams, primarily due to a strengthening rupee and weak global cues. Silver also saw a significant decline, tumbling Rs 5,000 to Rs 2.21 lakh per 10 grams.
For Navratri Day 9, master the vibrant peacock green hue by drawing inspiration from these celebrity-approved accessories.
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.
A stampede at a Durga Puja pandal in Kolkata on Saturday evening resulted in 19 deaths and 25 injuries. The Chief Minister announced compensation and a SIT probe, while officials have been detained and crowd-pulling pujas advised to close.
Two policemen in Maharashtra's Jalna district are under investigation after a viral audio recording purportedly showed them demanding a bribe from a person to avoid arrest in a diesel theft case. Superintendent of Police Tegbir Singh Sandhu confirmed on Wednesday that an inquiry would be conducted into the allegations.
The Uttarakhand Vigilance Department arrested Dr Ankur Thakur, an orthopaedic surgeon at Rudraprayag District Hospital, for allegedly accepting a bribe of Rs 5,000 to issue a disability certificate. The arrest followed a complaint and a trap laid by the department.
Hockey India has announced significant cash awards for the national women's team and support staff following their historic gold medal win at the Asian Games in Japan. The team defeated defending champions China 1-0, securing India's first women's hockey gold at the event in 44 years, with Lalremsiami scoring the winning goal.
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.
A panel supported by Congress MLC Satej Patil has won the election for the Kolhapur District Cooperative Milk Producers' Union (Gokul Dairy), defeating the Mahayuti-backed group led by NCP minister Hasan Mushrif. This victory marks a setback for the ruling Mahayuti alliance in western Maharashtra and gives the Patil-backed panel control of the influential cooperative's board.
Cockroach Janta Party (CJP) leaders Saurav Das and Ashutosh Ranka have approached the Delhi High Court for an urgent hearing to challenge the extension of their judicial custody. They were initially detained on October 13 for allegedly protesting at Jantar Mantar, a denotified site. The CJP claims bail proceedings are being deliberately delayed and argues that the special magistrate's order extending custody violates their 'Right to Liberty' and legal procedure, especially regarding surety acceptance.
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.
The Supreme Court has strongly criticised actor Rajpal Yadav for his failure to deposit money as per an undertaking in a long-running cheque-bounce case. The court expressed displeasure over the non-compliance despite previous directives and warned of serious consequences, including potential jail time, if the payment is not made promptly.
India's leading private-sector banks, including HDFC Bank, Axis Bank, and Kotak Mahindra Bank, reported robust deposit growth in the July-September quarter (Q2FY27), significantly aided by the Reserve Bank of India's concessional FCNR(B) swap window.
The Karnataka government has significantly increased cash awards for Asian Games medallists, with gold winners now receiving Rs 1 crore. Additionally, all 20 participating athletes received a Rs 5 lakh incentive. The state also announced direct recruitment opportunities for Group-B posts and a 2% reservation in government jobs for accomplished sportspersons, alongside financial support for Olympic preparation under the 'Guri: Olympics' scheme.
Cockroach Janta Party founder Abhijeet Dipke has called for a 'tiranga march' in Delhi's Central Park on Friday, October 16, after two CJP members, Saurav Das and Ashutosh Ranka, were jailed for allegedly unfurling the national flag and protesting at Jantar Mantar. Dipke asserts that waving the tricolour is not a crime and encourages nationwide marches.
An 85-year-old woman was allegedly cheated of Rs 76.50 lakh by a bank manager and his family on the pretext of investing in shares. The manager, Jay Mukesh Mehta, was arrested after being on the run for six months, while his wife, father, mother, and brother remain absconding. The family reportedly duped others using the same method.
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.
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.
The CBI has revealed that Shivraj Raghunath Motegaonkar, a coaching centre owner arrested in the NEET paper leak case, allegedly paid Rs 5 lakh to an NTA panel member, P V Kulkarni, for leaked chemistry questions. The agency recovered handwritten notes matching NTA's master question sets from Motegaonkar's phone, taken days before the exam.
A Kolkata-based lottery firm, Tiger Associates, donated Rs 260 crore to Tamil Nadu's DMK and AIADMK in 2025-26, significantly increasing its contributions from the previous financial year. The firm accounted for nearly 74% of the combined contributions reported by the two parties, highlighting a concentration of political funding. The disclosures also revealed contributions from electoral trusts and a link between Tiger Associates' partner and lottery magnate Santiago Martin, whose other firm was a major electoral bond purchaser.
Avenue Supermarts (DMart) reported lower-than-expected Q2FY27 performance, with revenue growth of 18.4 per cent year-on-year but visible margin pressure, leading to a 4.5 per cent stock drop. The company faces challenges from lower-margin sales, operating cost pressures, and aggressive store expansion, impacting profitability despite improved same-store sales growth.
The GST Council, chaired by Finance Minister Nirmala Sitharaman, has begun deliberations on significant reforms, including decriminalising nine offences, softening provisions for 24, and raising the threshold for criminal prosecution to Rs 5 crore. The proposed changes also include scrapping the arrest powers of GST officers and introducing an 'invoice matching system' to combat fake input tax credit claims, aiming for a trust-based taxation approach and enhanced ease of doing business.
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.
A football friendly match between India and Brazil, featuring star player Vinicius Jr, saw a surprisingly low attendance at Kolkata's Salt Lake Stadium. High ticket prices and the ongoing Durga Puja festival are cited as the primary reasons for the subdued response, contrasting sharply with the usual fan frenzy for local derbies and past international events.
Foreign Portfolio Investors (FPIs) became net sellers in September, withdrawing Rs 35,860 crore from Indian equities due to global uncertainties, high US interest rates, and elevated crude oil prices, with outflows continuing into October.
Indian stock markets witnessed a significant rebound, with the Sensex rallying 1,109 points and the Nifty closing above 22,720, driven by strong performances in IT and financial sectors, a recovering rupee, and Finance Minister Nirmala Sitharaman's comments on long-term capital gains (LTCG) tax.
The Goods and Services Tax (GST) Council is set to discuss proposals aimed at transforming the complex indirect tax system into a more business-friendly regime, focusing on simplifying compliance, reducing administrative burdens, and potentially raising the prosecution threshold.
Indian equity benchmark indices, Sensex and Nifty, extended their losses for a second consecutive day, driven by elevated crude oil prices, persistent foreign institutional investor (FII) outflows, and high US Treasury yields.
Indian equity benchmark indices Sensex and Nifty experienced a significant tumble in early trade, primarily driven by elevated crude oil prices due to ongoing West Asia uncertainty and substantial foreign fund outflows. Track Sensex, Nifty on September 29.
The Aam Aadmi Party's latest financial disclosures reveal a substantial 68% decline in contributions for 2025-26.
A special PMLA court in Mumbai has allowed the monetisation of attached assets worth over Rs 3,400 crore in the National Spot Exchange Limited (NSEL)-linked payment default case. This decision paves the way for the restitution of funds to thousands of investors who have been awaiting recovery for 13 years since the 2013 payment default.
A special PMLA court in Mumbai has allowed the monetisation of attached assets worth over Rs 3,400 crore in the National Spot Exchange Limited (NSEL)-linked money laundering case. This decision paves the way for the restitution of funds to thousands of investors who have been awaiting recovery for 13 years since the 2013 payment default. Up to Rs 1,950 crore from the monetisation will be paid to 63 Moons Technologies Ltd for specified creditors.
