India’s finance ministry has asked banks to begin preparing for a sector-wide transition to post-quantum security, while also developing an artificial intelligence resilience framework, according to an official familiar with the matter. The move reflects growing concern that encrypted banking data could be harvested now and decrypted later as quantum computing advances, exposing long-term financial records and sensitive customer information.
Amazon has reportedly laid off at least 100 employees in India as part of a wider global round of job cuts, underscoring the company’s continued push to streamline costs and sharpen operational focus. The reductions add to a broader wave of technology-sector retrenchment that has persisted even as parts of the digital economy stabilize.
Tanush Kotian is once again strengthening his case for higher honours after another productive Ranji Trophy campaign for Mumbai. The 27-year-old all-rounder, who earned a maiden India call-up as R. Ashwin’s replacement during the Border-Gavaskar Trophy in Australia, is using domestic consistency to keep himself in the national conversation.
Veteran actor Nana Patekar was laid to rest at his Pune farmhouse with full State honours after his death at his Goa home in the early hours of Thursday, October 8, 2026. The farewell drew attention to a career that helped define a certain strain of Indian realism, from the intensity of Krantiveer to the restraint of Khamoshi: The Musical.
Union Health Minister J. P. Nadda will lay the foundation stone on October 12 in Keylong for the Indian Council of Medical Research’s Centre for High-Altitude Medicine and Public Health Research. The project is positioned as a strategic addition to India’s mountain-health research capacity, with implications for clinical preparedness, public health surveillance, and evidence-based care in extreme-altitude regions.
The initiative underscores New Delhi’s growing focus on health infrastructure tailored to geographically difficult and medically underserved areas, especially in the Himalayas where altitude-related illness, access constraints, and climate-linked vulnerabilities complicate routine healthcare delivery.
Across Chennai, an expanding circle of amateur singers is gathering regularly for informal singalongs powered by a shared love of Tamil film music and memory. The community, organised under Paadarivom Padipparivom and coordinated through an app, has turned private nostalgia into a public cultural network that now spans the city.
Indian banks are headed for a sharp drop in treasury income in the July-September quarter as rising government bond yields erode gains on investment portfolios. Analysts expect treasury profits to fall to about ₹5,500 crore from ₹13,100 crore a year earlier, with public sector lenders likely to bear the heaviest impact.
The pressure reflects a difficult rate environment in which mark-to-market losses and weaker trading gains are offsetting the benefits of higher yields on fresh investments. Banks with larger government securities books are especially exposed, making the quarter a test of balance-sheet resilience rather than loan growth alone.
Razorpay-backed POP has launched POPchop, a buy-now-pay-later product that lets eligible shoppers split purchases into three interest-free instalments over three months. The move marks a strategic shift for the UPI-led rewards platform as fintech firms look beyond payments and into credit to deepen engagement and unlock new revenue streams.
Four passenger services from the Jammu division have been cancelled after congestion in the Delhi rail corridor disrupted operations on one of India’s busiest intercity routes. The affected trains include three services between Shri Mata Vaishno Devi Katra and New Delhi, along with the Jammu Tawi–New Delhi Rajdhani Express, underscoring the operational strain on the capital’s rail network during peak movement periods.
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. The decision, which also aligns valuation of the NBFC’s service with Reserve Bank of India methodology, is expected to bring greater tax clarity to a fast-growing credit distribution model.
Most listed new-age technology stocks advanced this week as Indian benchmark indices ended an eight-week losing streak, even as a midweek sell-off briefly tested sentiment. MobiKwik and PhysicsWallah led the pack with sharp gains, underscoring renewed investor appetite for selective growth names after a prolonged period of volatility.
YourStory has launched ShuruKar in Patna as a nationwide initiative designed to help aspiring founders move from spotting a problem to winning their first customer. Developed with support from DPIIT and Startup India, the programme combines AI tools, mentorship and local networks to lower the barriers to entrepreneurship outside India’s major startup hubs.
A potential Reserve Bank of India rate hike is unlikely to cause broad-based asset quality stress for non-banking financial companies, according to a Nuvama Institutional Equities report. The note argues that past tightening cycles have not, by themselves, led to widespread deterioration, while healthy capital buffers and ample systemic liquidity should help absorb any pressure.
VIT Vice-President G. V. Selvam underscored the growing importance of upskilling for employability and long-term career growth at a job fair organised to mark his birthday. The event highlighted how academic institutions are increasingly positioning career readiness, practical training and industry alignment at the centre of student development. The remarks come at a time when India’s labour market is being reshaped by automation, digital adoption and rapidly changing employer expectations.
Bank lending in India strengthened in August, with personal loans rising 16.9% year-on-year to ₹72.9 lakh crore, according to Reserve Bank of India data. The acceleration from 11.9% a year earlier points to resilient household borrowing demand even as lenders remain watchful of asset quality and regulatory scrutiny in unsecured credit.
The finance ministry is set to meet heads of banks on Tuesday to assess the pace and reach of key financial inclusion programmes, including Jan Dhan, Mudra and government-backed insurance schemes. The review is expected to focus on coverage, account activity, credit delivery and the effectiveness of last-mile implementation across the banking system.
The Department of Ex-Servicemen Welfare has stepped up efforts under Special Campaign 6.0 to make cleanliness a permanent administrative practice while accelerating disposal of pending matters. The initiative reflects a broader push within the Union government to improve workplace discipline, reduce administrative backlog, and strengthen service delivery across public institutions.
India’s finance ministry has asked banks to begin preparing for a sector-wide transition to post-quantum security while also developing an artificial intelligence resilience framework, according to an official familiar with the matter. The move reflects growing concern that encrypted banking data could be harvested now and decrypted later by future quantum computers, creating a long-tail threat to financial stability and customer trust.
The Governor inaugurated the Navaratri Golu display at Lok Bhavan, turning the official residence into a site of cultural observance and public symbolism. The event underscored how state institutions continue to use festival traditions to project continuity, inclusiveness, and civic legitimacy.
JSW MG Motors India has announced eight startup winners from its MG Developer Program 2026, underscoring the automaker’s push to deepen collaboration with early-stage technology companies. The initiative reflects a broader industry shift toward open innovation, where automakers increasingly tap startups for software, mobility, and customer-experience capabilities.
The Indian rupee recovered modestly on Friday after the Reserve Bank of India stepped in through state-owned banks, but the rebound proved fragile as sustained dollar demand from companies capped gains. The currency closed at 96.73 against the U.S. dollar, with traders saying the central bank is seeking to smooth volatility rather than engineer a sharp reversal.
Cadres of the Tamilaga Vettri Kazhagam briefly interrupted Prime Minister Narendra Modi's speech by blowing whistles and displaying placards projecting actor-politician Vijay as the country's next prime minister. Police warned the group for causing a disturbance, prompting a short lull before the protest resumed, underscoring the party's willingness to use high-profile national stages for political signalling.
The GST Council has recommended rationalising the e-way bill framework to reduce friction in the movement of goods, a step aimed at improving logistics efficiency and lowering compliance burdens. The move also includes a specific tax treatment for supplies made by e-commerce platforms to unregistered persons through any delivery mechanism, which will attract a flat 5% rate.
Sri Lankan President Anura Kumara Dissanayake has pointed to India’s stated position before its Supreme Court that Katchatheevu belongs to Sri Lanka, using the issue to underscore what he described as generally good relations between the two neighbours. His remarks come after India’s Attorney General told the court last week that New Delhi did not intend to reopen the 1974 and 1976 agreements that settled the island’s status.
Indian equities ended the week on a firmer note, with the Sensex and Nifty snapping an eight-week losing streak as IT shares led a broad-based rebound and crude oil prices softened. The recovery, which added more than Rs 4 lakh crore to BSE-listed market value, sets up Monday’s session around a delicate mix of global cues, oil, yields, currency moves and domestic risk appetite.
The Reserve Bank of India has directed banks to identify the systemic, process and operational failures behind recurring customer complaints and to carry out root-cause analysis to prevent repeat grievances. The central bank also pressed lenders to build stronger complaint-handling capacity, as more than 1.33 million complaints were received under the ombudsman scheme in FY25.
A judge has ordered Paramount and Warner to halt their planned merger for at least two weeks, escalating a fast-moving antitrust fight over one of Hollywood’s most consequential deal proposals. The pause comes after 12 states sued last week to block the buyout, arguing the combination would extinguish competition and leave consumers with fewer choices.
A powerful rally in gold and silver has turned precious metals trading into one of the most lucrative corners of Wall Street this year, with major banks on track to generate about $5 billion in revenue by the end of 2026. JPMorgan Chase has led the pack with roughly $700 million in first-half profits from metals trading, while Deutsche Bank has re-entered bullion trading and booked more than $200 million.
Janakiram Marella’s Telugu film ‘Comrade Kalyan’ is a knowingly absurd comedy that leans into its own silliness rather than pretending to be anything else. Powered by Sree Vishnu’s deadpan timing, a stream of catchy one-liners and a capable ensemble, the film delivers intermittent but genuine laughs even when its comic energy runs unevenly.
Ticketed concerts and curated performances are drawing fresh audiences into Delhi’s historic monuments, recasting heritage sites as premium cultural venues. The shift is creating new revenue and visibility for the city’s built legacy, while also intensifying debate over permissions, conservation safeguards and the commercial use of protected spaces.
The passing of Agra gharana maestro Pt. Indudhar Nirody has prompted an outpouring of grief across India’s classical music community, with disciples and admirers remembering him as a rigorous teacher and a custodian of tradition. One of his students has recalled how Nirody’s discipline, patience, and exacting ear shaped an artistic journey that extended far beyond the classroom.
Punjab National Bank has launched a 2026 festive campaign aimed at retail borrowers, offering concessions on home, car and other consumer loans. The bank is waiving upfront and processing fees on home loans and car loans, while home loan borrowers will also receive a 5-basis-point interest rate concession.
Mumbai Police detained a large number of people near Shivaji Park late into the night as they moved to prevent a planned protest against the Chief Election Commissioner. Witnesses and local accounts said some of those taken into custody appeared to be merely standing or walking in the area, raising questions about the breadth of the police action.
BPTP Ltd has sold 150 apartments in its new Faridabad housing project, SkyNest, generating about Rs 150 crore in revenue at an average ticket size of roughly Rs 5 crore per unit. The strong early response lifts total sales in the development to around Rs 750 crore and underscores continued demand for premium housing in the National Capital Region.
Foreign portfolio investors sold Indian equities worth Rs 45,125 crore in the first six trading sessions of October, extending a sharp risk-off streak that has nearly matched September’s outflows. Elevated US bond yields, firm crude oil prices and a stronger dollar are keeping pressure on emerging markets, while upcoming inflation data and geopolitical developments may determine whether the selling eases or deepens.
The passing of Agra gharana maestro Pt. Indudhar Nirody has prompted a wave of remembrance across India’s classical music community, with disciples and admirers reflecting on his role as a rigorous guru and a custodian of tradition. One of his students has recalled how Nirody shaped not only technique and discipline, but also the artistic temperament required to sustain a life in music.
VIT Vice-President G. Viswanathan Selvam said upskilling has become indispensable for students and job seekers aiming to remain competitive in a rapidly changing labour market. He was speaking at a job fair organised to mark the birthday of G.V. Selvam, where the emphasis was on employability, industry readiness and the need for continuous learning.
Mike Flanagan has argued that the true villain of Stephen King’s 'Carrie' is cruelty itself, not Carrie White or Chris Hargensen, and suggested that the two teenagers might have become friends under different circumstances. His remarks add a fresh interpretive layer to one of horror’s most enduring stories, shifting attention from individual malice to the social conditions that produce it.
Mayank Yadav delivered another reminder of why India’s fast-bowling conversation has shifted sharply in his direction, using raw pace and a stripped-down approach to make an impact in the second T20I against West Indies. The speedster looked like a quick learner at the highest level, understanding that his greatest weapon is also his simplest one: bowl fast, bowl straight, and let the pitch and pressure do the rest.
Punjab begin their Ranji Trophy season against Assam in a fixture that offers both opportunity and warning. With the domestic calendar demanding immediate rhythm, Punjab will want to convert home conditions and squad depth into a strong opening statement rather than allow an underdog opponent to settle into the contest.
Nasscom has said that only a small share of H-1B workers ultimately transition to permanent residency through the PERM process, underscoring the limited role the U.S. employment-based green card pipeline plays in the broader mobility of Indian technology talent. The industry body also stressed that Indian IT companies operate across more than 80 countries and have consistently complied with local laws and regulations.
Bruno Guimaraes scored a decisive late winner as Arsenal came from behind to defeat Leeds in a Premier League restart marked by the wider shockwave from Manchester City’s financial charges. The result delivered a hard-earned three points for Arsenal, but the match was framed by the league’s most serious governance crisis in years, with the competition returning under intense scrutiny.
Mohammed Shami spearheaded a disciplined Bengal bowling effort as Delhi were dismissed for 240 in a Ranji Trophy contest that underlined the value of control, seam movement and sustained pressure. Bengal’s attack, led by Shami’s incisive spell, kept Delhi from converting starts into a commanding total.
Police in Kerala’s Adoor have registered three cases after clashes involving youth and student activists linked to the Congress and the CPI(M) erupted in the wake of college union elections at the College of Engineering, Adoor. Former MLA Mamkootathil has also been booked, underscoring how quickly campus politics spilled into a wider street confrontation. Authorities say activists from the Kerala Students Union, Youth Congress, Students Federation of India, and Democratic Youth Federation of India were among those named in the cases.
A narrow set of midcap stocks has delivered outsized gains over the past year, with eight names rising between 50% and 135% and outperforming the broader market by a wide margin. Laurus Labs and Apar Industries stood out as multibaggers, more than doubling investor wealth during the period, underscoring the market’s preference for earnings visibility and sector-specific strength.
The Global Trade Research Initiative has called on the government to withdraw proposed charges on UPI transactions scheduled for October 15, arguing that any move to monetise India’s most widely used digital payment rail could hurt small businesses, raise consumer costs and slow digital adoption. The group said keeping UPI free is essential to sustaining low-cost payments, merchant acceptance and broader financial inclusion.
Poonawalla Fincorp posted a sharp turnaround in the second quarter, reporting a 407% year-on-year rise in profit to Rs 375 crore, driven by strong business expansion, better asset quality and a wider gold loan footprint. Net interest income climbed 81%, while operating profit more than doubled, underscoring the lender’s improving scale and operating leverage.
Union Health Minister Jagat Prakash Nadda will lay the foundation stone on October 12 for the Indian Council of Medical Research’s High Altitude Medical and Public Health Research Centre in Keylong, marking a significant expansion of India’s scientific footprint in the Himalayas. The project is expected to strengthen research on altitude-related illness, public health challenges, and healthcare delivery in remote mountain regions.
Union Minister for Development of North Eastern Region Jyotiraditya Scindia is set to lead a series of development-oriented engagements in Mizoram, underscoring New Delhi’s continued focus on infrastructure, connectivity, and public-service delivery in the Northeast. The visit is expected to reinforce the Centre’s political and administrative push to accelerate project execution in a strategically important border state.
The euro weakened further on Friday and was on track for a fifth consecutive weekly decline, as persistent concern over France’s public finances continued to weigh on investor confidence. Broader market sentiment was also shaped by firmer oil prices, stabilizing bond markets after remarks from US President Donald Trump on Iran, and deteriorating US consumer sentiment amid higher living costs.
