CreditAccess Grameen is in the process of arranging a $175 million overseas loan from a group of international lenders, including DBS and Standard Chartered, as it works to improve its liability profile and diversify funding sources. The microfinance lender plans to meet a substantial share of its annual borrowing needs through external commercial borrowings, even as hedging costs rise but remain manageable.
Airlines have not yet agreed to move operations to the upcoming Navi Mumbai airport, with carriers insisting on a prior discussion over the refurbishment of Mumbai’s Terminal 1, according to a committee involved in the process. The airlines want clarity on the scope of the upgrade, the timeline for completion, and terminal-wise capacity and utilisation data before committing to any shift.
The Centre’s draft proposal for a new Union Territory-level body in Ladakh places the Lieutenant Governor at the apex of decision-making, according to a document accessed by The Hindu. The draft also raises unresolved questions over how constituencies would be delimited and whether women would be guaranteed one-third or up to half of the seats.
Urban Company shares slumped sharply after the home-services platform reported a wider second-quarter loss and its board approved a fundraise of up to ₹2,500 crore. The stock ended the session 9.92% lower at ₹142.6 on the BSE, reflecting investor concern over profitability even as the company prepares to strengthen its balance sheet.
Karur Vysya Bank is aiming for 18% to 20% growth in total advances in fiscal 2027, underscoring a strategy built around retail, agriculture and MSME lending. The lender said corporate credit will continue to expand, but high-value loans will be capped at 20% as it leans on a more granular, lower-risk portfolio mix and expects gold loans to accelerate on softer borrowing costs.
West Bengal Chief Minister Mamata Banerjee met the families of those killed in the Kolkata puja pandal stampede, offering condolences and signalling immediate state support for the bereaved. In a parallel political gesture, Suvendu Adhikari handed over a cheque of ₹25 lakh to relatives and said one member from each affected family would be assured a government job.
Composer Deva’s collaboration with Rajinikanth helped shape the sonic identity of the superstar’s mass-market films, giving their action, swagger and emotional beats a distinctive popular force. His music did not merely accompany the films; it amplified Rajinikanth’s screen persona and became central to the audience experience.
The Madras Players will present Slaves on October 24, a stage adaptation of Sujatha’s earlier work Adimaigal, bringing one of Tamil literature’s most widely read modern voices back to the theatre. The production revisits themes of fortune, love and loss, underscoring how Sujatha’s writing continues to travel across formats and generations.
Federal Bank has appointed Rajesh Varrier, president of global operations at Cognizant, as a non-executive independent director on its board, adding a senior technology and operations leader to its governance structure. The move comes shortly after the lender reported a sharp rise in September-quarter profit and net interest income, underscoring a period of operational strength and strategic momentum.
Around 20 financial institutions were hit by cyberattacks earlier this month after hackers allegedly used stolen partner-bank credentials and weaknesses in payment APIs to divert funds, according to the emerging details. India’s CERT-In has since warned banks, NBFCs and fintech firms to suspend compromised interfaces, harden transaction controls and tighten customer verification to reduce further exposure.
India’s Supreme Court has upheld the Bombay High Court’s ruling that Yes Bank’s administrator lacked the authority to write down Rs 8,415 crore of additional tier-1 bonds during the lender’s 2020 restructuring. The decision strengthens bondholders’ claims that the securities were improperly extinguished and obliges Yes Bank to repay the instruments with accrued interest.
Interest rates on two-wheeler loans are shaped by more than the sticker price of a bike, with lenders typically pricing risk based on the borrower’s credit profile, income stability, down payment and repayment tenure. For buyers in India, especially first-time borrowers and EV adopters, understanding these variables can materially reduce financing costs and improve monthly affordability.
YES Bank’s long-running reconstruction has been jolted by a Supreme Court-backed ruling that upheld the quashing of its ₹8,415-crore additional tier-1 bond write-off, reviving a dispute that had been treated as largely settled. The outcome could affect the lender’s capital position, earnings trajectory and bondholder claims, with the eventual financial impact hinging on how the decision is implemented.
Delhi Police has transferred a second case involving CJP leaders Das and Ranka to its Crime Branch, expanding the specialised unit’s role in the investigation. The matter is linked to allegations that the two entered the Jantar Mantar area, following an earlier case already handed over for probe.
SpaceX reported a 161% year-on-year surge in third-quarter revenue, comfortably beating estimates as demand tied to its artificial intelligence business accelerated and Starlink continued to expand. The results underscore how Elon Musk’s private rocket company is increasingly benefiting from the convergence of satellite connectivity, launch services and AI-linked infrastructure demand.
Uttar Pradesh was among the lowest-ranked states in September’s sugar inflation table, underscoring sharp regional divergence in a commodity that remains central to household consumption and food-price tracking. Tamil Nadu recorded the highest sugar inflation, according to an analysis based on three months of inputs from esSankhyiki, the Ministry of Statistics and Programme Implementation’s data platform.
Canara Bank and Indian Bank said they are seeing steady corporate credit demand even as hardening bond yields make market borrowing less attractive. Together, the two state-run lenders have a corporate loan pipeline of ₹1.10 lakh crore, underscoring resilient appetite for bank funding despite a tighter rate environment.
Analysts say Fairfax Financial Holdings’ premium for IDBI Bank is being justified less by near-term earnings optics and more by the strategic value of scale, branch reach and a large low-cost deposit base in India. The deal, they argue, could give Fairfax a stronger platform to build a diversified financial ecosystem across banking and adjacent financial services.
Listed coworking operator IndiQube Spaces has secured board approval to invest up to ₹35 crore in SaiEdge Realty, marking a notable move beyond its core flexible workspace business. The transaction signals a broader real estate strategy as the company looks to deepen control over property-linked opportunities while navigating a competitive office market.
Hilton Worldwide Holdings plans to move its stock listing from the New York Stock Exchange to Nasdaq, with shares expected to begin trading under the HLT ticker on November 5. The hotel operator said the switch reflects Nasdaq’s emphasis on technology and innovation, aligning with Hilton’s own push to deepen its digital capabilities and growth strategy.
The Hindu’s Sunday crossword No. 78 has once again placed the newspaper’s long-running puzzle tradition at the centre of India’s weekend reading culture. For many solvers, the crossword remains a rare analogue ritual in a digital-first media environment, blending language, memory, and general knowledge into a disciplined form of leisure.
India’s Directorate of Revenue Intelligence has intercepted a major narcotics shipment and seized 591 kilograms of cannabis that was allegedly smuggled into the country from Nepal. The operation underscores the continuing use of cross-border routes for illicit drug movement and the growing pressure on enforcement agencies to disrupt trafficking networks before consignments reach domestic markets.
Hockey India has announced free spectator entry for the Asian Champions Trophy, a move designed to boost attendance and create a stronger home atmosphere for the tournament. Fans can secure passes by registering through Hockey India's online ticketing partner, TicketGenie, at www.ticketgenie.in.
Private credit is facing a sharper competitive squeeze as banks expand back into acquisition financing and regulatory changes widen borrowers’ funding choices. In the first half of 2026, a substantial share of private credit deals priced below 18%, underscoring how quickly the market’s once-rich yields are compressing. Lenders are now being forced to hunt for higher returns in narrower, more selective pockets of the market.
Syama Prasad Mookerjee Port in Kolkata is expanding its cargo-handling capacity as infrastructure upgrades begin to translate into stronger operational throughput. The development underscores how targeted port modernisation is becoming a key lever for trade efficiency, logistics competitiveness and eastern India’s industrial connectivity.
The 57th meeting of the Goods and Services Tax Council has been postponed by one day and will now be held on October 8 at 11 a.m. at the Summit Room, Bharat Mandapam, in New Delhi. An Office Memorandum attributed the change to unavoidable circumstances, while notifying members and expressing regret for the inconvenience caused.
Veteran filmmaker P Sheshadri is preparing another politically charged satire with his latest feature, 'Panchayati', which is slated for release by the end of 2026. The film is expected to examine the layered realities of rural India through the director’s familiar blend of irony, social observation and political critique.
Hunar has raised ₹40 crore in fresh funding to scale its agentic AI platform for frontline hiring, targeting the operational bottlenecks that make mass recruitment across cities slow and costly. The startup is positioning automation as a way to help employers source, screen and coordinate workers more efficiently at a time when frontline hiring remains one of India’s most fragmented labour markets.
India’s Central Board of Direct Taxes has introduced Form 173A as a filing requirement for taxpayers seeking exemptions on specified government securities under Schedule IV of the Income-tax Act, 2025. The rule, notified through the Seventh Amendment Rules, 2026, adds a formal compliance layer for claims under Table entries 13D and 13E, signalling tighter documentation standards in the tax administration framework.
The Communist Party of India (Marxist) has sought the President’s intervention to stop amendments to Census rules that it says could compromise impartiality and confidentiality. Party general secretary M.A. Baby warned that an expanded pool of enumerators could turn the exercise into a tool for surveillance or citizenship scrutiny rather than a neutral statistical operation.
India’s shift from SGX Nifty to GIFT Nifty in July 2023 marked more than a change in trading nomenclature; it signalled a structural effort to anchor a key global equity indicator within India’s own regulatory and financial ecosystem. The move is designed to deepen market infrastructure, attract foreign capital through tax-efficient channels, and strengthen GIFT City’s standing as an international financial hub.
More than 100 Indian athletes made a striking ceremonial entry at the Para Asian Games, with Paralympic medallist sprinter Simran Sharma and shuttler Pramod Bhagat carrying the national flag as the Tricolour waved above the contingent. The procession projected both competitive ambition and cultural symbolism, presenting India’s para-sport movement as a blend of athletic excellence and civilisational pride.
Indian swimmer Himanshu Nandal delivered a composed and determined performance to claim bronze in the men’s 400m freestyle S11 event at the Asian Para Games 2026. The 22-year-old from Rohtak, who has been blind since birth due to optic nerve failure, clocked 5:10.91 in a four-swimmer field to secure a podium finish for India.
Foreign portfolio investors have withdrawn ₹52,100 crore from Indian equities so far in October, deepening the sell-off after a net outflow of ₹35,861 crore in September. The latest exodus reflects a cautious global risk mood, with investors reassessing emerging-market exposure amid external uncertainty and shifting capital flows.
Gallerist Sharan Apparao’s tour of some of Kolkata’s most celebrated Durga Puja pandals has highlighted what makes the city’s festival culture globally distinctive: a rare blend of artistic ambition, community labour and civic generosity. She described this year’s installations as a masterclass in collaboration, where craft, design and public participation come together at scale.
Syama Prasad Mookerjee Port in Kolkata is set to handle more cargo as fresh infrastructure upgrades improve operational capacity and efficiency across its terminals and connected logistics network. The development underscores the government’s wider push to strengthen eastern India’s trade infrastructure and reduce bottlenecks in a port system that remains central to regional commerce.
Small-trader groups have withdrawn their planned “No UPI Day” protest for October 2 after a meeting with Finance Minister Nirmala Sitharaman in New Delhi on Wednesday. The decision signals a temporary easing of tensions over digital payment costs, merchant charges and the broader push to protect small businesses as UPI becomes central to retail transactions across India.
Walmart-owned Flipkart is reportedly preparing to launch its food delivery service, Eat-in by Minutes, by the end of October, marking a fresh expansion beyond ecommerce into quick-commerce adjacent services. The move would place the company in direct competition with entrenched players in India’s crowded food delivery market, where scale, logistics efficiency, and customer acquisition costs remain decisive.
A new study by IIT-Bombay professors has called for a steep reduction in the Merchant Discount Rate on UPI transactions, arguing that the current 0.40% charge should be cut to 0.08% for third-party application providers. The report also says banks should not rely on transaction fees as a primary revenue source and should instead support the digital payments ecosystem through CASA-linked funding and better service infrastructure.
HDFC Bank Deputy Managing Director Kaizad Bharucha has sought to step down on December 31, 2026, marking a significant moment in the lender’s senior leadership transition. The move comes as the Reserve Bank of India has approved Anup Bagchi’s appointment as chief executive officer for a three-year term beginning October 27, underscoring a carefully managed succession process at one of India’s largest private banks.
ICICI Bank has received a show cause notice from GST authorities seeking ₹229.14 crore in tax demand linked to services associated with customers maintaining minimum account balances. The notice, issued on September 30 by the Additional Commissioner at the CGST and Central Excise Division-IV, adds to the bank’s existing legal overhang on similar tax matters. The lender said it is reviewing the notice and assessing the appropriate course of action.
BPS Government Medical College for Women in Haryana has become the first Indian medical college to receive the IMU-Ron Harden Innovation in Medical Education Award, a global honour that recognises novel teaching practices in medicine. The award places the institution in a select international group and underscores growing Indian interest in education reforms that improve how future doctors are trained.
HSBC has already deployed more than half of its $1 billion India startup financing commitment within a year, underscoring strong demand for growth capital in one of the world’s most active venture markets. A top bank official said the lender is open to increasing the size of the programme as opportunities expand beyond consumer internet businesses into sectors such as space technology and biomedical innovation.
Central Bank of India reported a 21% year-on-year rise in net profit to Rs 1,469 crore for the quarter ended September 2026, supported by robust lending momentum and stronger core earnings. Net interest income climbed 26% to Rs 4,146 crore, while asset quality improved further as net non-performing assets fell to 0.31%.
Analysts say Fairfax Financial Holdings’ acquisition of a stake in IDBI Bank carries a premium that is defensible on strategic grounds, given the lender’s branch footprint, deposit base and potential to anchor a broader financial services platform in India. The deal is being viewed less as a near-term earnings play and more as a long-term bet on distribution, liability franchise and ecosystem expansion.
Richard Osman’s appeal as a mystery writer lies not only in plot mechanics but in his ability to frame crime fiction as a study of friendship, loneliness, ageing and the fragile comedy of ordinary life. Five of his most revealing ideas show why his work resonates well beyond the genre, especially with readers seeking character-driven storytelling in a crowded market.
UltraTech Cement reported a 21% year-on-year rise in consolidated net profit to ₹1,501 crore for the September quarter, supported by stronger domestic demand and higher sales volumes. The company’s consolidated revenue climbed nearly 19% to ₹23,295 crore, while operating profit rose more than 17% as grey cement volumes in India increased sharply.
IndusBridge Ventures has raised Rs 2,000 crore for a new defence-focused investment vehicle, marking one of the larger private equity commitments to India’s military supply chain in recent years. Co-founders Ravi Kapoor and Rahul Devjani said the capital will be deployed into Indian defence companies as global military spending rises and New Delhi intensifies its push for self-reliance.
Cloud kitchen operator Curefoods has begun piloting MegaBite, a new app aimed at the budget food delivery segment, marking a strategic move beyond its core restaurant and kitchen brands. The test underscores how Indian food-tech operators are seeking lower-ticket, value-led demand as consumers become more price-sensitive and competition intensifies across delivery platforms.
Spain’s Eugenio Chacarra produced a measured, two-shot victory at the DP World India Championship, a result that also propelled him past Patrick Reed to the top of the Race to Dubai standings. New Zealand’s Daniel Hillier surged late to finish second, while Rory McIlroy endured a subdued week and ended tied for 42nd after failing to convert early promise.
