Robert E. Hall and Michael Woodford have won the Nobel Prize in Economics for research that helped build the theoretical foundations of modern models used to understand and respond to economic shocks. Their work has shaped how policymakers and central banks assess disruptions, stabilise activity, and design responses in periods of stress.
Polycab India will exit the National Stock Exchange’s equity derivatives segment from December 30, 2026, though existing contracts will continue until expiry, the exchange said. In a separate but closely watched legal development, the NCLAT has stayed an NCLT order admitting insolvency proceedings against the company over an alleged Rs 2.79 crore operational debt, pending further orders.
RBL Bank said it has received a show-cause notice from Maharashtra GST authorities proposing a demand of more than Rs 173.08 crore, including interest and penalty, over alleged wrongful input tax credit availment in FY23. The lender said it will contest the notice and does not expect a material financial impact, citing favourable orders on an identical issue.
HSBC has hired Paras Jain, the former Cantor Fitzgerald banker who built the firm’s technology investment banking franchise, to lead its global technology, media and telecoms banking business, according to sources familiar with the matter. Jain is expected to join in November as HSBC sharpens its focus on businesses where it believes it can win share and deepen relationships in Asia and the Middle East.
Tanush Kotian is strengthening his case for a sustained place in India’s red-ball conversation after another productive Ranji Trophy campaign. The Mumbai all-rounder, who earned a maiden India call-up during the Border-Gavaskar Trophy in Australia after starring in Mumbai’s 2023-24 title run, is once again underlining his value with consistent domestic performances.
The Supreme Court has directed the Union government and Delhi Police to stop illegal detentions and ensure the free movement of people, traffic, Metro services and rail operations, while stressing that all action remains subject to law and public order. The order comes amid protests in Delhi and sharp scrutiny of preventive detention powers, raising fresh questions about the legal limits of police action during demonstrations.
BJP leader Subramanian Swamy has called for a ban on cement imports from Pakistan, arguing that such trade could be used as a cover for smuggling contraband, weapons and ammunition into India. His remarks place a security lens on a narrow but politically sensitive trade issue, with implications for border enforcement and import policy.
India’s retail inflation accelerated to a 21-month high of 5.54% in September, underscoring renewed price pressures in food and other essentials. Economists say persistent food inflation and unfavourable base effects could keep consumer prices elevated, increasing the likelihood of further monetary tightening if the trend persists.
The rupee staged a sharp rebound on Monday, rising nearly 100 paise, or about 1%, to 95.77 against the US dollar after the Reserve Bank of India moved to curb speculative currency trading. The recovery came after the currency opened at 95.76, compared with the previous close of 96.73, and strengthened further to 95.5850 during the session, easing pressure after a near-record slide.
Sahajanand Medical Technologies has fixed a price band of Rs 327-344 per share for its Rs 475.48 crore initial public offering, which will open on October 15 and close on October 19. The issue is entirely an offer for sale, meaning the company will not receive fresh proceeds, and the shares are scheduled to list on the BSE and NSE on October 22.
India’s National Human Rights Commission marked its 33rd Foundation Day in New Delhi by convening a national conference on water as a source of life, dignity, and rights. The event placed access to safe and adequate water within the broader framework of human dignity, underscoring the growing policy relevance of water security in a rapidly urbanising and climate-stressed country.
Kotak Mahindra Bank has appointed Executive Director Anup Kumar Saha as its next Managing Director and Chief Executive Officer for a three-year term beginning January 1, 2027. The move signals continuity at one of India’s most closely watched private lenders, with the bank elevating a long-serving financial services executive who has already been handling multiple responsibilities within the institution.
Harmanpreet Kaur, the batter and leader widely credited with helping transform the visibility of women’s cricket in India, has stepped down as captain of the national side. She will continue to play for India, preserving her influence on a team that has grown in stature during her tenure. The move marks a significant leadership transition, but not an exit from the sport’s front line.
The passing of Agra gharana maestro Pt. Indudhar Nirody has prompted an outpouring of remembrance from the Indian classical music community, which is reflecting on both his artistry and his role as a teacher. Among those paying tribute is a disciple who says Nirody shaped not only technique but also the discipline and sensibility that defined his musical journey.
A fund associated with the late Rakesh Jhunjhunwala has acquired a stake in Tourism Finance Corporation of India, drawing market attention to the small-cap lender at a time when investors are reassessing exposure to travel, hospitality and project finance. In an interview with CNBC-TV18, TFCI Managing Director Satpal Arora said business conditions remain steady and the outlook is constructive, reinforcing the view that the company is positioned to benefit from a sustained recovery in tourism-linked lending.
Karnataka begin their Ranji Trophy campaign against Andhra in a fixture that immediately tests a side in transition. Smaran makes his captaincy debut while Vinay Kumar takes charge of the team for the first time as coach, leaving the former champions with little margin for error in a demanding opening assignment.
Google’s latest Pixel launch underscores a broader shift in consumer technology: artificial intelligence is no longer a background feature, but the core product pitch. That shift is sharpening scrutiny over how much personal data must be collected, processed and retained for AI assistants to work effectively. For users, investors and regulators alike, the central question is whether convenience is being bought at the cost of control.
The National Housing Bank has initiated a forensic audit of SRG Housing Finance after concerns surfaced over possible fictitious lending, unsupported borrower accounts and irregularities in repayment records. The probe is expected to examine consumer data, loan origination practices and account-level documentation, following earlier indications that questionable loans may total between ₹300 crore and ₹400 crore.
India and the West Indies head into the third T20 with the series finely poised and both sides searching for a decisive advantage in a format increasingly shaped by power-hitting. India’s biggest concern remains a home attack that has conceded sixes at an alarming rate, while the visitors have shown greater batting intent but still need their bowlers to deliver under pressure.
An inter-ministerial assessment has flagged drought conditions in parts of Karnataka and Andhra Pradesh after the southwest monsoon underperformed, sharpening pressure on the Union government to extend relief once the team submits its formal findings. The report is expected to shape the Centre’s response on assistance, water management and farm support in two states already exposed to repeated rainfall stress.
Kannur Corporation, in partnership with the KSRTC Budget Tourism Cell, has introduced a double-decker bus service for sightseeing during the Dasara season. The 10-day initiative is designed to let residents and visitors experience the city’s illuminated streets and festival decorations, with its continuation to be decided by public response.
Jammu and Kashmir’s medium-pacers Rohit and Sunil produced a decisive new-ball and middle-overs assault to bowl Madhya Pradesh out for 196 in their Ranji Trophy encounter. Captain Shubham’s battling half-century was the lone resistance for the visitors, who were otherwise undone by disciplined seam bowling and sustained pressure.
Nominations have opened for the 25th edition of the CavinKare Ability Awards 2027, with entries invited under two categories that recognise achievement and inclusion. The announcement underscores the growing place of disability-led recognition in India’s broader governance and social policy landscape, where awards increasingly serve as platforms for visibility, opportunity and institutional accountability.
Seven stocks have moved above their 200-day moving averages, a technical development that often signals a shift toward sustained upward momentum. The breakout comes as investors continue to assess the durability of India’s market advance amid macroeconomic resilience, fiscal discipline and selective sector rotation.
A land rights body in Kerala has opposed a private estate group’s offer of land for the proposed Wayanad medical college, arguing that the government should instead reclaim plantations allegedly acquired through forged documents. M. Geethanandan, general convener of the Bhoo Avakasha Samithi, said the land should be distributed to landless families rather than used to regularise disputed private holdings.
Keralam has told the 57th GST Council meeting that arrest powers for tax officers should not be fully removed, arguing that strong deterrence remains essential to curb large-scale and organised tax evasion. Chief Minister V.D. Satheesan said the state supports safeguards against misuse, but warned that weakening enforcement could embolden sophisticated fraud networks.
India’s manufacturing push is moving beyond capacity expansion toward stronger domestic supply chains, technology development and tighter integration with global markets, the Confederation of Indian Industry said as the Make in India initiative marks 12 years. The shift, CII argued, is essential if India is to convert industrial ambition into durable competitiveness in automotive, EV and broader mobility manufacturing.
The Boxing Federation of India is once again confronting signs of deep internal factionalism, reviving concerns over governance, continuity and the sport’s administrative stability. The latest flare-up underscores how recurring power struggles inside the federation risk distracting from athlete preparation and India’s competitive priorities.
Manchester City delivered a commanding 3-0 victory over Liverpool at Anfield, with goals from Erling Haaland, Jeremy Doku and Rayan Cherki underlining the champions’ ruthless efficiency. The result preserved City’s perfect start to the season and silenced a hostile home crowd in one of the Premier League’s most closely watched fixtures.
Aamir Khan Productions has launched an open mic initiative under its Aamir Khan Talkies channel in collaboration with Kommune, the spoken word and storytelling platform. The project is designed to create a wider public stage for grassroots performers, adding a new digital avenue for emerging voices in India’s live performance and creator economy.
Asset-backed borrowing is emerging as a more visible pillar of India’s credit ecosystem, with gold-backed loans leading the shift. As households and small businesses seek short-term liquidity without liquidating investments, digital lending platforms are making these products faster, clearer and easier to access.
India’s GST framework will levy 18% tax on the service supplied by an NBFC to a bank in co-lending arrangements, while the interest on the underlying loan will remain exempt, according to the latest decision. The move clarifies the tax treatment of a fast-growing credit channel and aligns the valuation of the NBFC’s service with the Reserve Bank of India’s prescribed methodology.
The Supreme Court has held that a product’s tax classification must be determined by its physical form at the point of sale, not by how it may ultimately be used. In a setback for the revenue department, the court dismissed appeals seeking to tax Cadila Healthcare’s GRD Powder and GRD Mix as non-alcoholic beverages at 10%.
Tonbo Imaging’s Rs 852 crore initial public offering is structured entirely as an offer for sale, signalling a clean exit route for existing investors rather than fresh capital for expansion. The Bengaluru-based defence technology company is coming to market at a time when falling exports, weaker profits and negative operating cash flow are tempering enthusiasm, even as it retains a sizeable order book and a strategic position in a sensitive sector.
The 57th meeting of the Goods and Services Tax Council has been postponed by a day and will now convene on October 8 at 11 am at the Summit Room, Bharat Mandapam, New Delhi. An official memorandum attributed the change to unavoidable circumstances, with members of the Council informed of the revised schedule and an apology issued for the inconvenience.
India’s corrugated box manufacturers are confronting a sharp cost shock as kraft paper prices jump 25% to 35%, driven by imported fibre constraints, geopolitical disruptions and higher input and freight costs. Industry players say delayed customer price revisions are intensifying margin pressure, leaving packaging firms with limited room to absorb the increase.
The National Human Rights Commission of India marked its 33rd Foundation Day in New Delhi on Tuesday, underscoring the institution’s continuing role in safeguarding civil liberties and public accountability. The observance comes at a time when rights bodies are under pressure to respond to evolving concerns around due process, dignity, and state responsibility in a rapidly changing governance environment.
Karnataka begin their Ranji Trophy campaign against Andhra with a leadership transition adding intrigue to an already demanding opener. Smaran makes his captaincy debut while Vinay Kumar takes charge of the side for the first time as coach, leaving the former champions with little margin for error in a competitive start to the season.
Proposed US Commodity Futures Trading Commission rules on digital assets are being watched far beyond Washington, with market participants saying they could become a template for global crypto oversight. Bitget chief executive Gracy Chen said clearer federal rules would strengthen investor protection, accelerate institutional participation and support innovation in stablecoins, tokenised real-world assets and cross-border markets, including India.
For nearly two years, Ola Electric founder Bhavish Aggarwal has been navigating a difficult financing and control dilemma: how to support the company’s capital needs without materially weakening his own grip on the business. The result has been a recurring pattern of pledging shares, selling stock, and then re-pledging, underscoring the strain on a high-profile startup still trying to prove its long-term economics.
The Reserve Bank of India’s net short forward position rose sharply to $200 billion in August from $136 billion in July, underscoring the central bank’s growing exposure in the currency derivatives market. The increase, alongside a rise in long dollar positions, points to active intervention and ongoing balance-sheet adjustments as policymakers work to manage rupee volatility and liquidity conditions.
The India Meteorological Department has dedicated a new decision-support system to the nation, a move aimed at strengthening cyclone warning operations and improving marine weather services. The platform is designed to help officials translate complex meteorological data into faster, more reliable public safety decisions, especially for coastal and fishing communities.
An inter-ministerial central team has assessed drought conditions in parts of Karnataka and Andhra Pradesh after a weak southwest monsoon left large agricultural belts under stress. The Centre is expected to extend assistance once the team submits its findings, setting up a crucial test of federal relief coordination as farm losses and water scarcity deepen.
Global gold exchange-traded funds recorded their 12th consecutive week of net inflows, underscoring persistent investor demand for the metal as a defensive asset. The latest data showed U.S.-listed funds saw $132 million in redemptions, but stronger buying from China more than compensated, keeping the broader trend intact.
Jammu and Kashmir seized the initiative in their Ranji Trophy contest against Madhya Pradesh after medium pacers Rohit and Sunil shared nine wickets between them to dismiss the visitors for 196. Only captain Shubham offered sustained resistance, compiling a fighting half-century in an otherwise brittle batting effort.
Lance Oppenheim’s ‘Primetime’ turns the camera on the culture of televised morality, exposing how performance, spectacle and self-justification are packaged for public consumption. Robert Pattinson anchors the film with a feral, unnerving turn in a work that is as intellectually sharp as it is darkly entertaining.
Kozhikode has administered the HPV vaccine to 13,505 girls in a significant public health push aimed at preventing cervical cancer and strengthening adolescent immunisation coverage. The scale of the drive underscores the growing policy emphasis on preventive healthcare, school-linked outreach, and early intervention in women’s health.
Crunchyroll has expanded its manga offering to India, giving readers access to more than 250 titles from leading publishers on a single platform. The move strengthens the company’s strategy of linking manga discovery with anime streaming, creating a more integrated experience for fans in one of the world’s fastest-growing entertainment markets.
International Holding Company and First Abu Dhabi Bank are among the investors evaluating a stake in Bandhan Financial Services, the promoter entity of Bandhan Bank, as early backers GIC and IFC look to exit. The process could reshape the ownership structure of the Kolkata-based lender’s holding company and bring in new strategic capital at a time when promoter-level liquidity is drawing strong interest from global funds.
Canada’s trade minister is leading the country’s largest business delegation to India in 30 years, underscoring a renewed push to deepen commercial ties as free trade negotiations gather momentum. The mission, spanning aerospace, agri-food and other sectors, is aimed at matching Canadian firms with Indian partners and customers in Mumbai and Bengaluru.
