Anup Kumar Saha is set to take over as chief executive of Kotak Mahindra Bank in January 2027, marking a planned leadership transition at one of India’s most closely watched private lenders. Known for concise meetings, direct communication and a strong command of finance, Saha will inherit the task of accelerating loan growth while broadening the bank’s deposit base.
Reliance Jio’s Rs 30,000 crore initial public offering is set to close on October 23, the same day Akash and Isha Ambani mark their birthday, adding a symbolic layer to one of India’s most closely watched market events. The listing would represent a major milestone for Jio’s transition from a high-growth telecom and digital platform into a public-market story with broad implications for India’s equity markets and the country’s digital economy.
Filmmaker Mike Flanagan has offered a fresh reading of Stephen King's 'Carrie', arguing that the story's true antagonist is cruelty itself rather than Carrie White or Chris Hargensen. In his view, the two teenagers could have been friends under different circumstances, a comment that reframes one of horror's most enduring rivalries through the lens of social damage and adolescent isolation.
Sculptor G. Sooriyamoorthy is bringing an unusual body of work to Chennai, championing what he calls “art made difficult” and treating constraint as a creative method rather than a limitation. His exhibition will be on view at the Lalit Kala Akademi from October 10 to 15, offering audiences a close look at a practice built on experimentation, discipline and material risk.
Canara Bank reported an 8.4% year-on-year rise in second-quarter net profit to Rs 5,175 crore, aided by robust growth in net interest income and lower provisions. The state-owned lender also posted faster loan growth than deposit expansion, underscoring continued credit demand even as the banking system competes for stable funding.
Bengaluru’s Bengali and Gujarati communities are preparing for large-scale Durga Puja and Dandiya festivities, underscoring how the city’s migrant cultures continue to shape its public calendar and civic life. The celebrations are expected to draw wide participation, blending religious observance, cultural performance, and community fundraising in one of India’s most diverse urban centres.
The Enforcement Directorate has completed the registration of seven Heera Group properties that were auctioned for ₹15.03 crore, marking a further step in the agency’s efforts to monetise attached assets in a long-running financial enforcement case. The development underscores the government’s continued push to convert seized or attached property into recoverable value for affected stakeholders and the exchequer.
The High Court has granted bail to Jayapal, an accused in the Kavin caste killing case, after he challenged a Tirunelveli court order that had refused him release. The ruling marks a significant procedural development in one of Tamil Nadu’s closely watched caste-violence cases, even as the broader criminal proceedings continue.
Automation could threaten as many as 69% of jobs in India, according to research cited from World Bank data, underscoring the scale of disruption facing the country’s labour market. The warning comes as investors, policymakers and employers weigh how quickly artificial intelligence, robotics and software-led efficiencies may reshape hiring, wages and productivity across sectors.
Kapra Lake is set for a major ecological revival after local farmers voluntarily agreed to surrender 70 acres within the wetland’s Full Tank Level area for restoration. The Hyderabad Disaster Response and Asset Protection Agency, or HYDRAA, is investing ₹35 crore in the project to restore the 112.80-acre lake, a vital habitat for migratory birds and a key urban water body.
India’s arabica coffee crop is likely to come under pressure this year as deficit rainfall and borer infestation weigh on yields, even as the Coffee Board has projected a higher overall national output for 2026-27. The Board’s initial estimate pegs total coffee production at 4.04 lakh tonnes, up from 3.73 lakh tonnes in the previous year, but the crop mix and weather risks suggest uneven performance across varieties and growing regions.
Agentic AI startup RevRag.AI has raised $2.5 million, or about ₹24 crore, in a seed round led by Accion Ventures, as it targets financial institutions seeking automation in customer engagement and relationship management. The Bengaluru-based company is positioning its software as an AI layer for lenders and insurers that can handle repetitive, high-volume interactions while improving conversion, service quality and operating efficiency.
Bengaluru’s Bengali and Gujarati communities are gearing up for large-scale Durga Puja and Dandiya festivities, underscoring how the city’s migrant populations continue to shape its cultural calendar. The preparations reflect both the resilience of community institutions and the growing demand for organised, public-facing celebrations in India’s technology capital.
The Union Cabinet has approved a productivity-linked bonus equivalent to 78 days’ wages for 11.4 lakh railway employees, recognising their role in a year of record freight loading and passenger traffic. The annual payout underscores the government’s effort to reward operational performance while reinforcing the railways’ central role in India’s logistics and mobility network.
Kotak Mahindra Bank has named Anup Kumar Saha, currently a whole-time director, as its next managing director and chief executive officer, with the appointment set to take effect on January 1, 2027, subject to shareholder approval. The move, made after Reserve Bank of India approval, signals continuity at one of India’s most closely watched private lenders as it prepares for a leadership transition.
Adani Enterprises and US manufacturing company Jabil Inc have signed a memorandum of understanding to explore an artificial intelligence-focused joint venture, marking a notable cross-border industrial tie-up in India’s fast-evolving technology manufacturing landscape. The proposed partnership signals Adani’s continued push into advanced infrastructure and electronics-linked businesses, while giving Jabil a route to deepen its manufacturing footprint in one of the world’s fastest-growing digital markets.
PNB Housing Finance expects a modest 5-8 basis point improvement in net interest margin following the Reserve Bank of India’s recent rate hike, according to CEO Ajai Shukla. The company said the move should also support cheaper loans for customers, while housing finance demand remains healthy and Crisil has upgraded the lender to AAA/Stable.
Prime Video has announced the release date for its upcoming crime-drama series 'Chaar Yaar,' positioning the title as another notable addition to its growing Indian originals portfolio. The series brings together a broad ensemble led by Purav Jha, Naman Jain, Saqib Ayyub, and Prayrak Mehta, alongside Sai Tamhankar, Sikander Kher, Dibyendu Bhattacharya, Rajesh Tailang, Chunky Panday, and Bhagavathi Perumal.
The mini-series ‘Below’ stands out by anchoring its monster story in a specific place and social reality, transforming a familiar creature feature into something sharper and more resonant. Its terror is not only visceral but political, using the idea of something lurking beneath the surface to reflect exploitation, displacement, and the fear of being erased.
Mobile gaming studio Spill Games has raised $10.5 million, or about ₹100 crore, in a Series A round led by Elevation Capital, underscoring investor appetite for AI-native consumer entertainment businesses in India. The funding is expected to help the studio expand its product pipeline, strengthen its technology stack, and accelerate the use of artificial intelligence across game development and live operations.
An Air India flight from Frankfurt to Delhi was diverted to Jaipur on Monday after authorities received a bomb threat, prompting an emergency landing and immediate security protocols. Flight AI2030, operated by a Boeing 787-9 aircraft, was moved to an isolation bay at Jaipur International Airport for detailed checks, underscoring the continuing operational and security burden such threats place on India’s aviation system.
Vijayawada will host the National Saras Mela as part of its Dasara festivities, positioning the city as a major cultural and commercial draw during one of Andhra Pradesh’s busiest festival periods. The event is expected to showcase rural artisans, self-help groups and traditional products while adding momentum to local tourism and small-enterprise sales.
Many investors are drawn to products that appear to offer the best returns at any given moment, but that instinct can lead to poor timing, higher risk, and disappointing outcomes. In wealth management, the more durable approach is often to match investments to goals, time horizon, and risk tolerance rather than to chase whatever has recently outperformed.
The Finance Ministry has asked private sector banks to step up participation in the government’s financial inclusion drive, with a particular focus on flagship schemes such as PMMY and Stand Up India. Financial Services Secretary Sanjay Lohiya called for stronger digital outreach, faster loan processing, better insurance awareness and more responsive grievance handling as the government prepares a saturation campaign.
PSB Bank Chairman Petr Fradkov has outlined how alternative payment infrastructure is emerging inside one of the most tightly controlled corners of the global economy: cross-border settlements. In an interview with RBC, he described the A7 international payment system as operating in a space where conventional international payments are effectively absent, underscoring a broader shift in financial architecture.
The remarks highlight a growing push to build parallel transaction channels as geopolitical frictions, sanctions pressure and banking restrictions reshape how money moves across borders. For sectors such as automotive, EVs and mobility, where supply chains and component sourcing depend on reliable settlement systems, the evolution of these rails could carry significant commercial consequences.
The Telecommunication Engineering Centre (TEC) marked World Standards Day 2026 in New Delhi with a strong emphasis on India’s growing influence in international telecom standard-setting. The event underscored how standards are shaping the next phase of digital infrastructure, from interoperability and security to the rollout of advanced networks and emerging technologies.
Indian credit card issuers are increasingly steering customers toward equated monthly instalments, personal loan-on-card products and fee-based offerings as revolving balances grow more slowly than card spending. The shift reflects a broader change in consumer behaviour: cards are being used more as payment instruments than as high-yield borrowing tools, pressuring issuer economics and forcing a rethink of the traditional revolver-led model.
YourStory’s flagship TechSparks 2026 conference is showcasing a broad cross-section of Indian innovators, underscoring how the country’s startup ecosystem is shifting from scale-at-all-costs to deeper product, technology and market fit. The photo essay highlights founders and builders using the summit as a launchpad for visibility, partnerships and investor attention.
BJP leader Subramanian Swamy has called for a ban on imports of cement from Pakistan, arguing that such trade could be misused as a cover for smuggling contraband, weapons and ammunition into India. His remarks add a security dimension to an otherwise commercial issue, with potential implications for trade policy, border enforcement and market sentiment in the cement sector.
Groww reported a sharp improvement in second-quarter performance, with consolidated net profit rising 54% year on year to Rs 726 crore. Revenue from operations climbed 47% to Rs 1,501 crore, underscoring strong momentum in the digital investing platform’s core business.
Former Delhi captain Mithun Manhas has argued that Indian cricket selection should be guided by fitness and current form rather than a player’s age, a view that speaks to a wider debate over merit, longevity and transparency in team building. His remarks come at a time when Indian cricket continues to balance generational transition with the demands of performance at the highest level.
The Supreme Court on Tuesday declined to grant an interim stay on the government’s new merchant discount rate framework that imposes a 0.4% charge on certain UPI transactions above Rs 2,000. The court issued notices to the Centre, the Reserve Bank of India, the National Payments Corporation of India and other respondents after a public interest litigation challenged the legality of the levy.
Assam weathered a sustained Punjab push for an outright victory to keep the contest alive in their Ranji Trophy meeting, resisting pressure across a tense final phase. The result underlined Assam’s discipline under duress and Punjab’s inability to convert control into a decisive finish.
Reliance Jio has reserved up to Rs 2,500 crore worth of shares for eligible Reliance Industries shareholders in its upcoming initial public offering, creating a direct participation route for one of India’s largest investor bases. The move, framed as a Diwali-linked benefit for RIL investors, comes ahead of anchor bidding on October 19 and the IPO opening on October 21.
Questions are mounting over the legality and transparency of protest-related detentions in Delhi after a petition in the Supreme Court alleged that police failed to upload a prohibitory order on their website, even as they enforced curbs on the ground. Delhi Police say public warnings were issued through hoardings and announcements, but the dispute has sharpened scrutiny of how restrictions are communicated to citizens before arrests are made.
Indian banks are likely to report a steep decline in treasury income for the July-September quarter as rising government bond yields erode mark-to-market gains on investment portfolios. Analysts expect treasury gains to fall to about ₹5,500 crore from ₹13,100 crore a year earlier, with public sector lenders facing the sharpest pressure because of their larger holdings of government securities.
Indian golfer Pranavi Urs says her build-up for the Olympics will not require a major overhaul after the confidence she gained from competing in Hangzhou and converting that experience into a gold-medal performance in Aichi-Nagoya. She said exposure on the Ladies European Tour has sharpened her game and helped her handle elite international pressure more effectively.
India’s central government-backed Research, Development and Innovation (RDI) Fund has cleared its first cohort of 19 second-level fund managers, setting the stage for a large-scale capital pipeline aimed at deeptech startups. The approved managers are expected to help deploy ₹7,131 crore into companies working on advanced technologies, strengthening the country’s innovation financing stack beyond traditional venture capital.
The Indian government has prepared a major restructuring of the country’s tax administration machinery, including a revamp of the Central Board of Excise and Customs, to support the nationwide launch of the goods and services tax. The move is aimed at reducing implementation risk, improving coordination across tax authorities, and ensuring a smoother transition to the new indirect tax regime.
Paramount Syntex’s Rs 82-crore initial public offering on the BSE SME platform was subscribed 1.35 times by the end of the second day of bidding, driven overwhelmingly by institutional demand. The qualified institutional buyer portion was subscribed 119.29 times, while retail and non-institutional investor interest remained modest ahead of the issue’s October 6 close.
Karnataka were left reeling at 22 for four after Andhra struck early blows in their Ranji Trophy contest, but skipper Smaran produced a defiant, marathon innings to drag the visitors back into the match. Batting for nearly five-and-a-half hours, he anchored a vital fifth-wicket partnership with Shrijith that steadied a precarious innings under testing conditions.
Prime Minister Narendra Modi spoke by phone with Canadian Prime Minister Mark Carney as senior Canadian ministers were in New Delhi for talks, underscoring a cautious but visible reset in ties between the two countries. Modi said India and Canada can contribute to a stable and prosperous world, signalling a pragmatic emphasis on trade, diplomacy and middle-power cooperation.
India spinner Suthar has underlined the importance of adjusting quickly to varying balls and playing conditions, framing adaptability as a decisive skill in modern cricket. His remarks come as teams increasingly confront different surfaces, seam movement, and ball behavior across formats and venues.
Nagaraju Maddirala, the former financial services secretary, has been appointed Chairman and Managing Director of IL&FS for a two-year term, the Ministry of Corporate Affairs confirmed on October 12. His appointment comes as the infrastructure financier remains under government oversight following its earlier debt crisis and restructuring process.
Mumbai tightened its grip on the Ranji Trophy 2026-27 contest after seamer Deshpande produced a decisive hat-trick to dismantle Chandigarh, which was bundled out for 78 while chasing an imposing 429. The collapse left the visitors staring at a likely innings defeat, with Deshpande striking again in the only over of Chandigarh’s second innings to underline Mumbai’s dominance.
India’s quick commerce market is moving beyond emergency grocery runs and into a broader contest over habit, frequency, and basket expansion. Brands that are winning in the 10-minute delivery economy are doing so by combining sharper assortment, disciplined unit economics, and hyperlocal execution rather than relying on speed alone.
Indian equities staged a broad-based rally on Tuesday, with the Sensex surging 1,109 points and the Nifty 50 advancing 358 points as technology shares led the charge. HCL Technologies and Tata Consultancy Services topped the gainers’ lists, while Kotak Mahindra Bank, Eternal and Maruti Suzuki were among the notable laggards.
Hyderabad wrapped up an emphatic innings win over Tripura in swift fashion, with Tanay striking six times in the second innings to dismantle the visitors for just 120. The result gave Mohammed Siraj his maiden Ranji Trophy victory as captain and underlined Hyderabad’s control across both innings.
India captain Smriti Mandhana has retained her position at the top of the ICC ODI batting rankings with 790 points, underlining her consistency at a time of leadership transition in the national side. Australian players also made notable gains in the latest update, reflecting a competitive shake-up among the leading batters in women’s ODI cricket.
The National Payments Corporation of India has deferred the introduction of merchant discount rate charges on select UPI person-to-merchant transactions until after Diwali, pushing back a closely watched policy change in India’s digital payments ecosystem. The delay preserves the current zero-cost structure for merchants in the near term while giving stakeholders more time to assess the commercial and operational impact of any fee framework.
