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Vietnam GDP growth hits 9.95% as exports and investment surge

Wed, 07 Oct 2026 00:45:29 GMT

HANOI, Vietnam: Vietnam's economy expanded at its fastest quarterly pace since the COVID pandemic as booming exports and infrastructure investment helped drive growth to nearly 10%, government data showed on Saturday.

Gross domestic product grew 9.95% in the third quarter from a year earlier, accelerating from a revised 8.81% expansion in the April-June period.

Despite the rapid growth, the July-September

US to lend Vistra $4.2 billion to expand nuclear output

Wed, 07 Oct 2026 00:44:28 GMT

WASHINGTON, D.C.: The US Government is preparing to lend Vistra Corp about US$4.2 billion to increase electricity generation from its nuclear plants as power demand rises across the country, a person familiar with the matter said.

Energy Secretary Chris Wright is expected to announce the loan on October 5 at Vistra's nuclear plant along Lake Erie in Ohio, according to the pers

Wall Street jubilant despite worsening trade deficit

Tue, 06 Oct 2026 20:05:34 GMT

NEW YORK, New York - U.S. stocks surged into record territory on Tuesday, despite the country registering its worst trade deficit since President Trump launched his flurry of tariffs, which have disrupted trade worldwide.

The trade deficit surged to $105.6 billion on the back of a 4.3 per cent rise in imports for August; analysts had forecast $102 billion.

Bond yields rem

Tesla deliveries top forecasts as European sales recover

Tue, 06 Oct 2026 13:43:29 GMT

AUSTIN, Texas: Tesla delivered more vehicles than Wall Street expected in the third quarter, putting the electric-vehicle maker within reach of ending two consecutive years of falling annual sales as its European business recovers.

The company delivered 486,532 vehicles in the July-September period, compared with analysts' average estimate of 456,896 vehicles, according to data compiled by Visible Alpha.

US job growth slows sharply, dims chances of October Fed hike

Tue, 06 Oct 2026 13:42:23 GMT

WASHINGTON, D.C.: A sharp slowdown in U.S. hiring in September and hefty downward revisions to previous months pushed the prospect of another Federal Reserve interest rate increase in October further out of view, even as economists cautioned against reading the report as a sudden deterioration in the labor market.

Nonfarm payrolls increased by just 29,000 jobs last month, well below the 90,000 gain economists po

G7 to release diesel, oil reserves as fuel prices surge

Tue, 06 Oct 2026 04:12:11 GMT

BRUSSELS, Belgium: The Group of Seven will release 100 million barrels of diesel and crude oil from emergency reserves over four months, with a substantial diesel release planned within 20 days as countries respond to surging fuel prices linked to the Iran war.

"Taking into account commitments that have already been fulfilled, we will implement our commitments with a coordinat

China pauses October fuel exports as domestic stocks decline

Tue, 06 Oct 2026 04:11:02 GMT

SINGAPORE: Chinese refiners have halted oil product exports for October as Beijing focuses on rebuilding domestic fuel inventories, four people briefed on the matter said, potentially tightening global markets already constrained by supply disruptions.

China began a week-long holiday on October 1 without giving major refiners approval to export fuel products in October to destinations other th

US targets aircraft-part exports for leverage in China talks

Mon, 05 Oct 2026 11:02:11 GMT

NEW YORK CITY, New York: The U.S. has slowed export licensing for aircraft parts bound for China and is considering measures that could make it easier to restrict additional aviation supplies, as the Trump administration seeks leverage in trade negotiations with Beijing, people familiar with the matter said.

The Commerce Department has slowed licensing for airplane-part exports to China in rec

Broadcom offers Anthropic up to $42 billion in financing

Mon, 05 Oct 2026 03:21:35 GMT

NEW YORK CITY, New York: Broadcom has agreed to provide Anthropic with up to US$42 billion in financing for infrastructure spending, deepening a relationship that spans chip supply, equipment leasing, and financing, according to the AI company's IPO prospectus.

The arrangement could help finance about a third of Anthropic's $125.2 billion commitment for a five-year lease of tensor processing u

Global bond selloff drives borrowing costs to multi-decade highs

Sun, 04 Oct 2026 20:55:30 GMT

LONDON, UK: Borrowing costs across major economies climbed to levels not seen in decades last week as another wave of selling swept global bond markets, although bargain buying later helped U.S. Treasuries recover some losses.

The benchmark U.S. 10-year Treasury yield, a key reference point for global borrowing costs and asset prices, climbed to 5.34 percent, its highest since 2002. It later retreated to around

US inflation undershoots forecasts, lowering Fed hike odds

Sun, 04 Oct 2026 20:52:58 GMT

WASHINGTON, D.C.: U.S. consumer spending surged in August while inflation rose less than economists expected, a combination that could give the Federal Reserve more time before raising interest rates again.

The Personal Consumption Expenditures Price Index increased 0.3 percent in August after a downwardly revised 0.1 percent rise in July, the Commerce Department's Bureau of Economic Analysis said on September 3

South Korea investment plan targets US energy projects

Sun, 04 Oct 2026 14:51:59 GMT

WASHINGTON, D.C.: South Korea plans to invest US$200 billion in U.S. projects spanning liquefied natural gas, nuclear power and electricity generation, with $54 billion earmarked for the long-planned Alaska LNG project, a White House official said.

The investments represent the first major projects under a broader $350 billion strategic investment package South Korea agreed to as part of a trade deal with Washin

Lilly's EloraTZP tops Zepbound in mid-stage obesity trial

Sun, 04 Oct 2026 10:08:25 GMT

INDIANAPOLIS, Indiana: Eli Lilly's experimental combination obesity treatment helped patients with diabetes lose substantially more weight than its blockbuster Zepbound in a head-to-head mid-stage trial, the drugmaker said September 30.

Patients receiving the highest tested dose of EloraTZP lost an average of 23.3 percent of their body weight over 48 weeks, compared with 14.8 percent for those receiving the high

Trump announces $15 billion steel project in Iowa

Sat, 03 Oct 2026 23:52:49 GMT

WASHINGTON, D.C.: Mesabi Metallics, a Minnesota company owned by India's Essar Group, plans to build a $15 billion steel plant in Iowa using iron ore from its Minnesota mine, U.S. President Donald Trump announced.

The project is expected to produce 7.5 million tons of steel annually in its first phase, eventually increasing to 10 million tons, according to the White House. First production is expected in 2030.

Anthropic’s AI spending plan includes binding commitments

Sat, 03 Oct 2026 10:42:50 GMT

NEW YORK CITY, New York: Anthropic expects to spend at least US$518 billion on artificial intelligence infrastructure over the next decade, with most of its planned commitments requiring payment even if the company does not use the computing capacity, according to a confidential IPO prospectus seen by Reuters.

The AI company said about 80 percent of the commitments across six

OpenAI shelves new AI model after internal safety tests

Sat, 03 Oct 2026 03:22:38 GMT

SAN FRANCISCO, California: OpenAI has canceled the planned October release of its next-generation GPT-6.1 Astra model after internal testing found that it fell short of the company's safety and alignment standards.

The ChatGPT maker confirmed the decision. The model was expected to launch in October and was designed to perform more complex tasks without human assistance.

U.S. stocks rally despite unemployment rate advancing to 4.2 percent

Fri, 02 Oct 2026 20:04:15 GMT

NEW YORK, New York - A weaker-than-expected jobs report pushed U.S. stocks sharply higher Friday. The Nasdaq Composite led the way, hitting an intra-day new all-time high.

Nonfarm payrolls crept up 29,000 in September, well below the 84,000 expected, the Bureau of Labor Statistics said in a statement Friday. The unemployment rate increased

US cuts fuel economy targets for cars and trucks

Fri, 02 Oct 2026 19:16:47 GMT

WASHINGTON, D.C.: New vehicles sold in the United States will face lower fuel-efficiency requirements under standards finalized by the Trump administration on September 28, a change the Transportation Department estimates will reduce vehicle costs but increase fuel consumption and carbon dioxide emissions for decades.

The new rules set a fleetwide average of 34.9 miles per gallon (14.7 km per liter) by 2031, dow

RBI flags elevated AI-related asset valuations among key downside risks to global economy

Wed, 07 Oct 2026 06:04:53 GMT

Mumbai (Maharashtra) [India], October 7 (ANI): The Reserve Bank of India has flagged elevated valuations of artificial intelligence-related assets as one of the key downside risks to the global economic outlook, alongside geopolitical tensions, tighter global financial conditions and high public debt.

In its Monetary Policy Statement for 2026-27, the RBI said the global economy has remained resilient, but the re-

RBI projects CPI inflation at 5.2% for FY27, sees Q3 inflation rising to 6% due to rising food and fuel costs

Wed, 07 Oct 2026 06:04:28 GMT

Mumbai (Maharashtra) [India], October 7 (ANI): The Reserve Bank of India (RBI) projected Consumer Price Index (CPI) inflation at 5.2 per cent for FY27, with inflation expected to rise to 6 per cent in the third quarter, mainly due to broadening food and fuel price pressures and elevated supply-side risks.

RBI Governor Sanjay Malhotra, while speaking at the Monetary Policy Committee (MPC) meeting, said, "Consideri

Infinite Uptime Included in 2026 Gartner Magic Quadrant for Global Industrial AIoT Platforms Report

Wed, 07 Oct 2026 06:03:03 GMT

BusinessWire India

Atlanta (Georgia) [US], October 7: Infinite Uptime, the Production Outcomes Partner for Heavy Industries, today announced that it has been included in the 2026 Gartner Magic Quadrant for Global Industrial AIoT Platforms.

Infinite Uptime is one of 16 vendors evaluated in the Gartner Magic Quadrant. We believe that the recognition comes as manufacturers seek to turn growing volumes of indus

Opsio Sees Rising Demand From Indian Enterprises for NIS2 Compliance Services As EU Cybersecurity Enforcement Gathers Pace

Wed, 07 Oct 2026 06:02:30 GMT

BusinessWire India

Bengaluru (Karnataka) [India], October 7: Opsio, the Sweden-headquartered managed cloud, cybersecurity and AI services company, today announced a marked increase in demand for its NIS2 compliance services from organisations in India. The demand is led by IT and managed service providers, SaaS companies, Global Capability Centres (GCCs) and manufacturers whose customers in the European Union are

RBI raises FY27 GDP growth forecast by 40 bps to 7.1%, says India resilience amidst global headwinds

Wed, 07 Oct 2026 06:01:59 GMT

New Delhi [India], October 7 (ANI): Reserve Bank of India Governor Sanjay Malhotra on Wednesday raised the country's real GDP growth projection for the current financial year 2026-27 by 40 basis points to 7.1 per cent, citing the strength of economic activity despite global headwinds.

Announcing the outcome of the RBI Monetary Policy Committee meeting, Malhotra said geopolitical tensions, elevated international c

RBI raises repo rate by 25 bps to 5.50% as per market expectations as inflation risks strengthen

Wed, 07 Oct 2026 05:32:03 GMT

Mumbai (Maharashtra) [India], October 7 (ANI): The Reserve Bank of India on Wednesday raised its policy repo rate by 25 basis points to 5.50 per cent, beginning a rate-hike cycle as rising inflation risks, elevated global yields and resilient domestic growth strengthened the case for tighter monetary policy.

The decision by the Monetary Policy Committee marks a shift from its August policy, when it kept the repo

AI may replace only 5% of human work over next decade, says Nobel laureate Acemoglu

Wed, 07 Oct 2026 05:31:27 GMT

New Delhi [India], October 7 (ANI): Artificial intelligence may replace only about 5 per cent of the work currently done by humans over the next decade, Nobel laureate Daron Acemoglu has predicted, arguing that AI development should focus more on improving workers' capabilities than replacing them.

Microsoft AI CEO Mustafa Suleyman shared the assessment in a post on X while introducing the first issue of The Huma

RBI may begin 75-bps rate hike cycle as inflation pressures broaden: UBI report

Wed, 07 Oct 2026 05:31:09 GMT

New Delhi [India], October 7 (ANI): The Reserve Bank of India (RBI) may begin a rate hike cycle totalling 75 basis points in October as prolonged supply shocks spread across the inflation basket, with retail inflation expected to remain above 6 per cent throughout the second half of FY27, according to a Union Bank of India research report.

Ahead of the RBI's monetary policy announcement later today, the report da

Iran-Backed Houthi Rebels Target Aden Airport

Wed, 07 Oct 2026 05:03:00 GMT

New posts

07:04

Yemen's Iran-Backed Houthi Rebels Target Aden Airport, Missile Lands Near Runway

Iran-backed Houthi rebels targeted Aden International Airport, Yemen's main international gateway for areas outside Houthi control, with drones and ballistic missiles, the country's Transport Ministry said early on October 7.

The ministry added that one of the missiles landed near a runway minutes

Nifty, Sensex open in pressure ahead of RBI policy as investors cautious on growth-inflation dynamics

Wed, 07 Oct 2026 04:59:11 GMT

Mumbai (Maharashtra) [India], October 7 (ANI): The domestic equity markets opened under pressure on Wednesday as investors turned cautious ahead of the Reserve Bank of India's Monetary Policy Committee (MPC) decision and awaited the central bank's view on the emerging growth-inflation dynamics.

The Nifty 50 index opened at 22,690.45, down 85.65 points or 0.38 per cent, while the BSE Sensex opened at 72,965.38, lo

Global bond sell-off likely to continue near term as AI debt, deficits keep yields elevated: ICICI Bank

Wed, 07 Oct 2026 04:58:31 GMT

New Delhi [India], October 7 (ANI): The global bond sell-off is likely to continue in the near term as elevated fiscal deficits, rising government debt, heavy borrowing for artificial intelligence infrastructure and expectations of tighter monetary policy continue to push up long-term yields, according to a report by ICICI Bank Research.

The report said yields could rise further before potentially peaking in earl

RBI MPC set to decide rate path as economists weigh immediate hike amid inflation risks, global uncertainty

Wed, 07 Oct 2026 03:03:33 GMT

New Delhi [India], October 7 (ANI): The Reserve Bank of India is set to announce its monetary policy decision on Wednesday, with economists divided over whether the Monetary Policy Committee will raise the repo rate immediately or wait until December, even as most expectations point to a tightening cycle of up to 75 basis points amid rising inflation risks and global uncertainty.

The MPC's three-day meeting, bein

Swiss President Guy Parmelin visits Noida International Airport, calls it a "Swiss touch in India"

Tue, 06 Oct 2026 21:23:33 GMT

Noida (Uttar Pradesh) [India], October 7 (ANI): Swiss Confederation President Guy Parmelin visited Noida International Airport, describing the facility as a "Swiss touch in India" and highlighting its operation by a subsidiary of Flughafen Zrich, the company behind Zurich Airport.

Parmelin, who was accompanied by Switzerland's Ambassador to India Maya Tissafi, Uttar Pradesh Minister for Electronics and IT Sunil K

India better off risking US market access than abandoning Russian oil: Political Economist

Tue, 06 Oct 2026 15:16:11 GMT

London [UK], October 6 (ANI): India would be better off accepting the risk of losing some access to the US market than abandoning Russian oil purchases if forced to choose between the two, political economist Gautam Sen said, arguing that a disruption to energy supplies could impose a much higher cost on the Indian economy.

The assessment highlights the difficult trade-off facing India as energy security becomes

Indian market decline reflects deeper growth concerns beyond crude shock: Nomura

Tue, 06 Oct 2026 15:15:51 GMT

New Delhi [India], October 6 (ANI): The recent decline in Indian equities is increasingly reflecting concerns over the country's longer-term growth outlook rather than merely the impact of higher crude oil prices and geopolitical tensions, according to a Nomura India Equity Strategy report.

"The correction, in our view, reflects deeper structural concerns," Nomura said in its equity strategy report, pointing to g

State of Corruption: Zelensky crosses tipping point in new poll

Tue, 06 Oct 2026 14:21:44 GMT

Unending scandals have disintegrated trust in his legitimacy and inner circle while putting foreign funding for Kiev into question

Ukrainians are increasingly disappointed with serving officials and ashamed of their actions, a recent opinion poll indicates. A majority now insists that Vladimir Zelensky must not seek a second term as president, as he once pledged.

Mounting disillusionment wi

Franco-German leaders demand EU readies China kill switch

Tue, 06 Oct 2026 13:46:04 GMT

Paris and Berlin want Brussels to toughen its trade stance as negotiations with Beijing approach

France and Germany are pressing Brussels to take a tougher line on China by creating new powers that could rapidly shut foreign countries out of the EU market.

The proposal effectively tells Brussels to beef up its position as it prepares for negotiations with Beijing. It also marks a shift for

Why AI Platforms Recommend Your Competitors Instead of You: Qoulomb's AI SEO Experts Explain

Tue, 06 Oct 2026 13:31:51 GMT

PNN

New Delhi [India], October 6: A company can have a strong website, rank for important keywords, and still watch competitors dominate recommendations across ChatGPT, Perplexity, Gemini, and other AI platforms.

For B2B marketing teams, the obvious question is: why them and not us?

According to Qoulomb, one of the best AI SEO agencies for B2B brands, the answer is r

NBFC retail loan growth accelerates to 22% in August; gold loans rise 69%: RBI

Tue, 06 Oct 2026 12:57:36 GMT

Mumbai (Maharashtra) [India], October 6 (ANI): Retail lending by non-banking financial companies (NBFCs) accelerated sharply in August, growing 22 per cent year-on-year compared with 13.6 per cent a year earlier, driven by stronger growth in housing and gold loans, Reserve Bank of India (RBI) data showed on Tuesday.

Loans against gold jewellery remained one of the fastest-growing retail credit segments, rising 69

GST rates to remain unchanged at Oct 8 Council meeting, procedural reforms on agenda

Tue, 06 Oct 2026 12:57:22 GMT

By Shailesh Yadav

New Delhi [India], October 6 (ANI): GST rates are set to remain unchanged at the Council's October 8 meeting, with the 57th GST Council instead expected to focus on a package of procedural and structural reforms covering registration, refunds, input tax credit and enforcement, Finance Ministry sources said.

The meeting is not expected to consider any broad rate changes, with only a limited

IFQM Symposium 2026: Quality Must Move from Understanding to Adoption to Become a Force Multiplier for MSMEs

Tue, 06 Oct 2026 12:43:37 GMT

NewsVoir

New Delhi [India], October 6: MSMEs must move faster in adopting quality processes and build quality into every stage of their operations, from design and manufacturing to delivery, to become stronger contributors to India's global competitiveness, emerged as a key message on Day 2 of the third edition of the IFQM Symposium 2026 in New Delhi.

The second day of the symposium focused on translating t

Dharmendra Pradhan seeks six-laning of NH-55, four underpasses and NH-53 flyover in Odisha

Tue, 06 Oct 2026 12:43:21 GMT

Sambalpur (Odisha) [India], October 6 (ANI): Sambalpur MP Dharmendra Pradhan has written to Union Minister for Road Transport and Highways Nitin Gadkari seeking urgent intervention for key National Highway infrastructure and road-safety projects in his constituency and adjoining regions of Odisha.

In his letter, Pradhan highlighted the need to strengthen regional connectivity and improve road safety in view of th

Pramerica Life Insurance Recognised Among the Top 50 India's Best Workplaces for Women 2026 by Great Place To Work

Tue, 06 Oct 2026 11:57:24 GMT

NewsVoir

Gurugram (Haryana) [India], October 6: Pramerica Life Insurance has been recognised among the Top 50 India's Best Workplaces for Women 2026 by Great Place To Work, building on its recognition among the Top 100 India's Best Workplaces for Women 2025 last year. The recognition represents an important milestone in the company's ongoing journey to build an equitable, inclusive and people-first workplace wher

NBFCs set for strong Q2, but higher rates, monsoon stress may weigh on outlook: Report

Tue, 06 Oct 2026 11:41:35 GMT

New Delhi [India], October 6 (ANI): Non-banking financial companies (NBFCs) are expected to report another strong quarter in Q2FY27, supported by healthy loan growth and benign credit costs, but rising borrowing costs, monsoon-related stress and regulatory changes could make the outlook more challenging, according to a Kotak Institutional Equities sector report.

The report said most NBFCs could see 12-43 per cent

Sensex surges 685 points, Nifty settles above 22,700 as markets extend recovery

Tue, 06 Oct 2026 11:40:36 GMT

Mumbai (Maharashtra) [India], October 6 (ANI): The Indian stock market ended on a positive note with Sensex gaining over 680 points and Nifty settling above 22,700 level as easing selling pressure offered some relief to investors.

Sensex settled higher at 73,067.81, up 685.34 points or 0.95 per cent against the previous close of 72,382.47. Nifty also ended in the green at 22,776.10, up 220.35 points or 0.98

Iran conflict may hit Indian producers before consumers as oil shock pushes WPI higher: World Bank economist

Tue, 06 Oct 2026 10:58:03 GMT

New Delhi [India], October 6 (ANI): The economic impact of the Iran conflict could hit Indian producers before consumers as higher oil prices feed into wholesale prices, with the pressure eventually passing through to consumption, Ran Li, Senior Economist at the World Bank, told ANI in an exclusive conversation in Delhi on Tuesday.

Li said the main channel through which the conflict could affect India's economy i

India may average 7.2% growth this fiscal despite H2 slowdown, potential seen at 8%: Madan Sabnavis

Tue, 06 Oct 2026 10:10:22 GMT

Mumbai (Maharashtra) [India], October 6 (ANI): India's economic growth is likely to moderate below 7 per cent in the second half of the financial year, but the economy could still grow around 7.2 per cent for the full year, while its longer-term potential remains around 8 per cent, economist Madan Sabnavis said.

Speaking to ANI, Sabnavis said he expects growth of around 7.5-7.6 per cent in the second quarter, fol

Large-caps preferred as market faces pressure; BFSI, healthcare among favoured sectors: Kotak Securities' Shrikant Chouhan

Tue, 06 Oct 2026 10:09:26 GMT

Mumbai (Maharashtra) [India], October 6 (ANI): Large-cap stocks are better positioned to withstand further market pressure and could rebound sharply if market sentiment improves, while BFSI, defence, healthcare and hotels remain among the preferred sectors for the medium to long term, said Shrikant Chouhan, Head of Equity Research at Kotak Securities.

Chouhan said the market has remained under pressure for nearly

India-US bond yield gap near 20-year low as inflation differential narrows: Report

Tue, 06 Oct 2026 10:08:56 GMT

New Delhi [India], October 6 (ANI): The gap between Indian and US 10-year government bond yields has narrowed to around two percentage points, near its lowest level in about two decades. However, a sharp reduction in the inflation differential between the two economies suggests India may be able to sustain a lower yield premium over US Treasuries, according to a Jefferies India Equity Strategy report.

"India's ra

RBI may defer rate hike to December, deliver 75 bps of tightening this cycle: Madan Sabnavis

Tue, 06 Oct 2026 10:08:28 GMT

Mumbai (Maharashtra) [India], October 6 (ANI): The Reserve Bank of India may keep the repo rate unchanged in its ongoing policy review and start raising rates from December, with a total increase of 75 basis points, Bank of Baroda Chief Economist Madan Sabnavis said. He said the RBI may wait for more clarity on inflation, the kharif harvest and the impact of surplus liquidity before raising rates.

Speaking to ANI

Adobe CEO Shantanu Narayen Unveils Adobe Was My MBA, Authored by Abhishek Talwar, CEO Of Hexaview Technologies

Tue, 06 Oct 2026 10:08:23 GMT

HT Syndication

New York [US], October 6: In a significant moment that underscores the lasting influence of corporate leadership on entrepreneurship, Adobe Chairman and CEO Shantanu Narayen recently met with Abhishek Talwar, Founder and CEO of Hexaview Technologies, and unveiled his newly released book, Adobe Was My MBA.

The meeting took place at Adobe's headquarters following a personal invitation from Nara

Indian banks' 2QFY27 earnings seen gaining momentum on strong credit growth: Systematix

Tue, 06 Oct 2026 10:08:08 GMT

New Delhi [India], October 6 (ANI): Indian banks are likely to see a pickup in earnings momentum during the second quarter of FY27, supported by strong credit growth and stable or lower provisioning costs, even as elevated liquidity and a changing deposit mix are expected to keep pressure on net interest margins (NIMs), according to a Systematix Research report.

The brokerage expects earnings growth across its ba

Earn More, Stay Flexible: AU Small Finance Bank Savings Account Emerges as a Smart Choice to Grow Your Money

Tue, 06 Oct 2026 10:06:41 GMT

BusinessWire India

Mumbai (Maharashtra) [India], October 6: When deciding where to allocate surplus funds, most individuals consider three primary options: a fixed deposit, a debt mutual fund or a savings account. AU Small Finance Bank is making a strong case for the third. Its savings account rewards customers with higher interest as their bal

Before Building a Business, They Built Investor Trust: The NJ Group Story

Tue, 06 Oct 2026 10:05:53 GMT

VMPL

New Delhi [India], October 6: In 1994, inside a modest home office in Surat, Gujarat, two fresh university graduates sat down with a vision that most people at the time found borderline absurd. The mutual fund industry in India was in its absolute infancy, and the general public viewed capital market investments with heavy skepticism. Yet, Mr. Neeraj Choksi and Mr. Jignesh Desai shared an unshakeable faith i

Wider Europe Briefing: The New EU Enlargement Strategy

Tue, 06 Oct 2026 10:01:08 GMT

Welcome to Wider Europe, RFE/RL's newsletter focusing on the key issues concerning the European Union, NATO, and other institutions and their relationships with the Western Balkans and Europe's Eastern neighborhoods.

I'm RFE/RL Europe Editor Rikard Jozwiak, and this week I'm drilling down on two issues: the EU's new enlargement strategy and the EU's game plan to keep Russia (and Belarus) out of sports.

Embe

New professions show China's industrial, livelihood progress

Tue, 06 Oct 2026 09:16:12 GMT

BEIJING, Oct. 6 (Xinhua) -- A stream of new occupations is emerging at the forefront of China's new technologies, industries and business models, mirroring industrial upgrading and improvements in people's livelihoods.

In the low-altitude economy sector alone, newly added positions such as drone swarm flight planners, low-altitude logistics specialists, and low-altitude intelligent connected system administrators

Mumbai airports restrict cargo shipments on Russian airlines

Tue, 06 Oct 2026 08:46:02 GMT

The curbs on cargo booked on Aeroflot and Volga-Dnepr come after owner Adani Groups $1 billion share sale to investors including US funds

Airports in India's financial capital, Mumbai, have stopped allowing cargoes booked on Russian airlines.

Cargoes booked with Russian carriers Aeroflot and Volga-Dnepr have been held up at Mumbai's main airport for nearly two weeks, while a Volga-Dnepr cha

Mumbai airports restrict cargo shipments on Russian airlines reports

Tue, 06 Oct 2026 08:46:02 GMT

The curbs on cargo booked on Aeroflot and Volga-Dnepr come after owner Adani Groups $1 billion share sale to investors including US funds

Airports in India's financial capital, Mumbai, have stopped allowing cargoes booked on Russian airlines, reports have said.

Cargoes booked with Russian carriers Aeroflot and Volga-Dnepr have been held up at Mumbai's main airport for nearly two weeks, whil

World Bank hikes India FY27 growth forecast to 7.1% from 6.6% on stronger-than-expected activity

Tue, 06 Oct 2026 07:04:52 GMT

New Delhi [India], October 6 (ANI): The World Bank has raised its forecast for India's economic growth in FY27 to 7.1 per cent from 6.6 per cent earlier, citing stronger-than-expected growth supported by robust domestic demand and exports, while warning that global risks remain elevated.

The World Bank, in its latest India Development Update released on Tuesday, said India's medium-term growth prospects remain st

Markets extend recovery; Sensex jumps over 100 points, Nifty above 22,500

Tue, 06 Oct 2026 07:04:46 GMT

Mumbai (Maharashtra) [India], October 6 (ANI): Indian equity markets extended their recovery on Tuesday but opened on a largely flat note, with the Sensex gaining over 100 points and the Nifty holding above the 22,500 level.

Both the indices opened with a gap-up. Sensex opened at 72,508.05 against the previous close of 72,382.47, up 126 points or 0.17 per cent. Likewise, Nifty opened at 22,603.25 against the prev

How to Calculate Interest Rate on a Loan When Comparing Borrowing Options

Tue, 06 Oct 2026 07:04:22 GMT

PNN

New Delhi [India], October 6: Knowing how to calculate the interest rate on a loan can make it easier to compare borrowing options and get a better sense of how much you are paying for access to the funds.

Two loans with similar interest rates may not cost the same overall. Differences in loan amounts, tenures, processing fees, and other applicable charges can change the total amount you eventually pay.

Indian banks' Q2FY27 earnings seen rising 11%; FCNR deposits may weigh on margins: Kotak

Tue, 06 Oct 2026 06:35:51 GMT

New Delhi [India], October 6 (ANI): Indian banks are expected to report around 11 per cent year-on-year growth in earnings in the second quarter of FY27, though foreign currency non-resident (FCNR) deposits could put temporary pressure on their net interest margins (NIMs), Kotak Institutional Equities said in a report.

The brokerage expects the September quarter to be broadly stable for banks, with net interest i

DayOne Files Registration Statement for Proposed Initial Public Offering

Tue, 06 Oct 2026 06:34:23 GMT

PRNewswire

Singapore, October 6: DayOne Data Centers Limited ('DayOne'), a Singapore-headquartered global digital infrastructure platform, today announced that it has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission relating to the proposed initial public offering ('IPO') of American Depositary Shares ('ADSs') representing its ordinary shares. DayOne has applied to list

US Withdraws Bombers From UK Base Amid Reports Of Iran Plot

Tue, 06 Oct 2026 05:03:00 GMT

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Featured entry

07:48

US Withdraws Bombers From UK Base Amid Reports Of Iran Plot

A US Air Force B-1 Lancer bomber is pictured on the tarmac at the RAF Fairford base in Fairford in southwest England late last month.

The United States withdrew about a dozen B-1 long-range bombers from a military base in Britain after intelligence pointed to a possible Iranian drone attack, US med

3 Iranians Accused Of Spying On UK Journalists For Iran

Tue, 06 Oct 2026 05:03:00 GMT

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14:39

British Prosecutors Say 3 Iranians Spied On Journalists

British prosecutors said on October 6 that three Iranian men on trial in London spied on dissident journalists on behalf of Iran's foreign intelligence service in preparation for a violent attack.

Mostafa Sepahvand, 41, Farhad Javadi Manesh, 46, and Shapoor Qalehali Khani Noori, 57, are accused of surveiling journalists wo

Markets extend recovery; Sensex up 140 points, Nifty above 22,500; bank stocks lead

Tue, 06 Oct 2026 05:00:09 GMT

Mumbai (Maharashtra) [India], October 6 (ANI): Indian equity markets extended their recovery on Tuesday but opened on a largely flat note, with the Sensex gaining over 140 points and the Nifty holding above the 22,500 level.

Both the indices opened with a gap-up. Sensex opened at 61,935.45 and was trading at around 61,936.78, up 148.26 points or 0.24% against the previous close of 61,788.52 at the time of r

RBI seen beginning rate-hike cycle, repo rate may reach 6% by FY27 as inflation risks rise: Reports

Tue, 06 Oct 2026 04:58:57 GMT

New Delhi [India], October 6 (ANI): The Reserve Bank of India is seen beginning a rate-hike cycle that could take the repo rate to 6 per cent by the end of FY27, as rising inflation, elevated global yields and resilient domestic growth strengthen the case for tighter monetary policy, according to research reports by Union Bank of India and ICICI Bank.

The reports, released ahead of the second day of the RBI Monet

Piyush Goyal discusses fresh investment opportunities, deeper business ties with global firms in US

Tue, 06 Oct 2026 03:30:57 GMT

New York [US], October 6 (ANI): Commerce and Industry Minister Piyush Goyal held separate meetings with senior executives of AIA Group, General Atlantic and IBM in the US, with discussions focused on deepening investments, expanding business ties and strengthening collaboration in insurance, financial services and frontier technologies.

Goyal held talks with IBM Chairman and CEO Arvind Krishna on expanding the co

Govt reschedules GST Council 57th meeting to October 8, cites unavoidable circumstances

Tue, 06 Oct 2026 02:30:30 GMT

New Delhi [India], October 6 (ANI): The 57th meeting of the GST Council has been rescheduled to October 8 from October 7, with the Council expected to consider a series of proposed measures to ease GST compliance, including changes to arrest provisions and faster refunds.

According to an office memorandum issued by the GST Council Secretariat on Monday, the meeting will now be held on Thursday, October 8, from 11

Three risks weigh on Europe's growth

Mon, 05 Oct 2026 22:45:07 GMT

Emergency fuel releases may ease the immediate supply strain, but reliance on imports leaves Europe exposed to further disruptions.The ECB must balance inflation risks against weakening demand, while governments face pressure from rising costs as they seek to cushion the energy shock.

BRUSSELS, Oct. 5 (Xinhua) -- Costly energy, rising inflation and higher borrowing costs together threaten to weak

Mahayuti alliance faces internal tussle over Pune Teachers' MLC seat as BJP, Shiv Sena set to field candidates

Mon, 05 Oct 2026 19:31:36 GMT

Pune (Maharashtra) [India], October 6 (ANI): The ruling Mahayuti alliance in Maharashtra faces a fresh challenge ahead of the Legislative Council elections, with the BJP and Shiv Sena, led by Deputy Chief Minister Eknath Shinde, set for a direct contest in the Pune Teachers' constituency.

The BJP has announced candidates for three constituencies: Pune Graduates, Nagpur Graduates and Pune Teachers. While the

Munich Security Conference President Wolfgang Ischinger calls India-EU FTA "almost historic step"

Mon, 05 Oct 2026 18:16:44 GMT

New Delhi [India], October 5 (ANI): Calling India a trusted international partner whose foreign policy independence offers high reliability, Munich Security Conference (MSC) Foundation Council President Wolfgang Ischinger stated that India's strategic autonomy represents an 'enormously valuable asset' for Europe, while emphasising that New Delhi plays a central role in Europe's Indo-Pacific strategy.

Speaking wit

"Israel has restored security": Envoy Reuven Azar ahead of October 7 attacks anniversary

Mon, 05 Oct 2026 17:26:45 GMT

New Delhi [India], October 5 (ANI): Marking the third anniversary of the October 7 terror attacks, he stated that his country has successfully restored national security, brought displaced citizens back to their homes, and revived its economy, while establishing strategic buffer zones in Gaza, South Lebanon, and Syria.

Speaking with ANI ahead of the anniversary as Israel commemorates the victims, Ambassador Azar

How Technology Is Growing Rapidly in India

Mon, 05 Oct 2026 17:17:10 GMT

VMPL

New Delhi [India], October 5: Technology is growing rapidly in India, and the change is visible almost everywhere. From digital payments and artificial intelligence to online education, 5G, cloud computing, startups, and semiconductor manufacturing, India is moving deeper into a technology-driven economy.

A few decades ago, India was mainly known for IT services and software outsourcing. Today, the pic

Jackson Koivun joins Brooks Koepka's TGL-Detroit roster

Mon, 05 Oct 2026 16:25:09 GMT

(Photo credit: Jerod Ringwald)

Jackson Koivun's killer fall continued with the official announcement he would join Brooks Koepka's Motor City Golf Club roster for the team's inaugural season in the TGL.

'WE GOT THE KID,' Motor City Golf Club announced in a social media statement. 'Jackson Koivun is officially joining Motor City Golf Club for our inaugural TGL season. From rewriting the record books at Aubur

Multiple security failures to blame for FlyDubai attack WSJ

Mon, 05 Oct 2026 13:56:46 GMT

Oman, the UAE, and Israel all missed opportunities to stop Hamam Hammami, who had previously been deemed too radical to fly, the newspaper says

Multiple security and vetting failures across Oman, the UAE, and Israel allowed a pilot previously deemed too radical to fly to reach the cockpit of a Tel Aviv-bound FlyDubai passenger jet and attack its captain, the Wall Street Journal reported on Sunday

Raj Subramaniam, President and Chief Executive Officer of FedEx Corporation, Receives Appeal of Conscience Award

Mon, 05 Oct 2026 13:19:43 GMT

NewsVoir

Mumbai (Maharashtra) [India], October 5: The Appeal of Conscience Foundation presented Raj Subramaniam, president and chief executive officer of FedEx Corporation, with the Appeal of Conscience Award at the foundation's 61st Annual Gala, at The Pierre Hotel in New York City.

As president and CEO of FedEx Corporation, Subramaniam leads one of the world's largest transportation and logistics co

Make every festive pick a 10.10 with Tata CLiQ's flagship festive sale

Mon, 05 Oct 2026 13:17:14 GMT

BusinessWire India

Mumbai (Maharashtra) [India], October 5: Tata CLiQ is hosting its annual flagship 10.10 sale on Tata CLiQ Fashion and Tata CLiQ Luxury, from October 8 to October 18, 2026. With attractive offers across various categories, such as apparel, beauty, accessories, footwear, jewellery, watches, and more, it's indeed the best time to shop for everything one needs to celebrate in style this festi

Project Management Institute (PMI) Hosts 18th Annual Project Management South Asia Conference 2026, Spotlighting 'Future-Ready Leadership' in the Age of AI

Mon, 05 Oct 2026 13:16:51 GMT

NewsVoir

Bengaluru (Karnataka) [India], October 5: Project Management Institute (PMI), the global authority in project management, today announced the successful conclusion of the 18th Project Management South Asia Conference (PMSAC) 2026, held at Bhartiya City, Bengaluru. The flagship annual conference, themed 'MORE, Together Future-Ready In the Age Of AI', convened 850+ delegates and 20+ speakers, including ins

Samsung poised for historic USD 73.4 billion quarterly operating profit on memory demand surge

Mon, 05 Oct 2026 13:16:28 GMT

Seoul [South Korea], October 5 (ANI): Samsung Electronics is set for a record 100 trillion won (~USD 73.4 billion) quarterly profit on a memory boom, according to a news report by The Korea Herald. The South Korean tech giant is poised to cross the milestone in operating profit for the July-September period, driven by surging sales of memory semiconductors.

As per the news report, the company is expected to repor

US warships have fled Strait of Hormuz IRGC

Mon, 05 Oct 2026 12:48:28 GMT

A senior IRGC commander says US forces have retreated more than 1,000 km from Iranian waters, as the two countries remain locked in conflict

Iran has forced the US fleet to retreat more than 1,000 km from its borders, leaving no American warships in the Strait of Hormuz or surrounding waters, a senior Islamic Revolutionary Guard Corps (IRGC) commander claims.

Rear Admiral Ali Fadavi made th

President Guy Parmelin hails India's leadership at AI Impact Summit 2026, says "Switzerland will build on this"

Mon, 05 Oct 2026 12:10:58 GMT

New Delhi [India], October 5 (ANI): Describing India as an increasingly central force in international diplomacy, Swiss Confederation President Guy Parmelin praised New Delhi's role in global governance and technology leadership, calling for an equitable Artificial Intelligence framework as Switzerland prepares to host the next global AI summit in Geneva in 2027.

Delivering a joint press statement with Prime Mini

Foxhog Ventures Expands 'VC for Villages' Focus to Bring Capital Closer to Rural Entrepreneurs

Mon, 05 Oct 2026 12:09:59 GMT

VMPL

New Delhi [India], October 5: Foxhog Ventures is strengthening its focus on rural and non-metro entrepreneurship through its flagship "VC for Villages" initiative, as the investment firm looks to widen access to capital and business support for entrepreneurs operating beyond India's major startup hubs.

Led by founder and CEO Tarun Poddar, Foxhog Ventures has positioned the initiative around entrepreneu

Sensex ends 472 points higher, Nifty crosses 22,500; FMCG, energy and banking stocks lead

Mon, 05 Oct 2026 11:39:52 GMT

Mumbai (Maharashtra) [India], October 5 (ANI): Indian equity markets ended higher on Monday, with FMCG, energy and banking stocks driving the recovery. The market was also supported by positive global cues with Brent crude offering some relief on the inflation front.

Sensex closed at 72,382.47, up 472.77 points or 0.66 per cent against the previous close of 71,909.70. Nifty settled higher at 22,555.75, up 1

Trade talks with US are at an impasse India

Mon, 05 Oct 2026 10:31:01 GMT

Further concessions would be very difficult for both sides to make, although talks are ongoing, Finance Minister Nirmala Sitharaman says

India-US trade negotiations have hit a "plateau," making further concessions "very difficult," Indian Finance Minister Nirmala Sitharaman said on Monday, days after Washington said a deal is not imminent.

India and the US have been negotiating a Bilateral

RBI likely to hold repo rate in Oct policy, begin 50-75 bps hike cycle in Dec: BoB

Mon, 05 Oct 2026 10:29:52 GMT

New Delhi [India], October 5 (ANI): The Reserve Bank of India is expected to keep the repo rate unchanged at its October policy meeting despite rising inflation risks, before beginning a rate-hike cycle in December that could deliver a cumulative 50-75 basis points of tightening, according to a report by Bank of Baroda (BoB).

As per BoB, credit and deposit growth in India remains strong, with the gap narrow

GST Council may scrap arrest provisions, fast-track refunds with 90% automatic payout

Mon, 05 Oct 2026 10:08:07 GMT

New Delhi [India], October 5 (ANI): The 57th GST Council meeting is likely to consider major changes in tax compliance, including a proposal to remove arrest provisions under the Goods and Services Tax (GST) law and speed up refunds by allowing 90 per cent of eligible claims to be released automatically after a risk check, according to Finance Ministry sources.

The proposed reforms are aimed at making GST complia

Government of Maharashtra and Hindustan Coca-Cola Beverages Expand Maha r-PET Abhiyaan in Thane with Dedicated Collection Infrastructure for Used PET Bottles

Mon, 05 Oct 2026 10:07:54 GMT

PRNewswire

Thane (Maharashtra) [India], October 5: The Government of Maharashtra, Thane Municipal Corporation (TMC) and Hindustan Coca-Cola Beverages (HCCB) have expanded the Maha r-PET Abhiyaan in Thane with the inauguration of the Thane PET Collection Centre and the launch of a series of initiatives aimed at strengthening the collection, segregation and recycling of used PET bottles across the city.

Govt capex growth set to slow in 2H FY27, non-defence spending may fall 3%: Jefferies

Mon, 05 Oct 2026 10:06:31 GMT

New Delhi [India], October 5 (ANI): Government spending on non-defence capital projects could decline by around 3 per cent in the second half of FY27 as fiscal pressures increase, despite a strong start to the financial year, Jefferies said in a report.

The brokerage said higher energy costs, rising subsidy spending and a lower nominal GDP estimate could limit the government's ability to maintain the current pace

Trinidad and Tobago Celebrates 50th Republic Day in New Delhi; High Commissioner Chandradath Singh Unveils the Gagan Dhawan's book The New Me 2.0

Mon, 05 Oct 2026 09:13:23 GMT

BusinessWire India

New Delhi [India], October 5: The Embassy of the Republic of Trinidad and Tobago in India celebrated the 50th Republic Day of Trinidad and Tobago in New Delhi recently, bringing together the Additional Secretary, Ministry of External Affairs (MEA), members of the diplomatic corps, Ambassadors and representatives of GRULAC and other countries, entrepreneurs, business leaders, and other distingui

Finland hopes for more skilled Indian professionals, sees "huge possibilities" to double bilateral trade: Envoy Kivikoski

Mon, 05 Oct 2026 09:13:03 GMT

By Sahil Pandey

New Delhi [India], October 5 (ANI): Finland sees "huge possibilities" to double bilateral trade with India from the current level of around USD 3 billion, with Finnish Ambassador to India Mikko Kivikoski saying the upcoming India-EU Free Trade Agreement will provide a "political and economic framework" to translate growing bilateral engagement into concrete business opportunities.

The envoy

India-EU trade deal to boost exports in labour-intensive sectors like textiles, footwear, says FM Nirmala Sitharaman

Mon, 05 Oct 2026 09:12:51 GMT

New Delhi [India], October 5 (ANI): Highlighting the potential of the India-EU trade agreement, Union Finance Minister Nirmala Sitharaman said the agreement could support employment in labour-intensive sectors such as footwear, textiles, toys and processed products, many of which are linked to micro and small enterprises.

"Those are all in the micro and small medium industry segment, which are labour-intensive,"

LTM Launches BlueVerse AgenTraceIQ

Mon, 05 Oct 2026 09:12:39 GMT

BusinessWire India

Mumbai (Maharashtra) [India], October 5: LTM, the Business Creativity partner to the world's largest enterprises, today announced the launch of BlueVerse AgenTraceIQ, an offering designed to help organizations securely adopt and scale agentic AI. Combining Rubrik Agent Cloud with LTM's AI governance and managed services expertise, the offering enables organiza

Indian Banking Enters Intelligent Scale as Banks, Fintechs and NBFCs Turn to AI to Expand Credit and Drive Financial Inclusion

Mon, 05 Oct 2026 09:08:37 GMT

VMPL

New Delhi [India], October 5: Four days after the Prime Minister's Red Fort pledge to train a crore Indians in AI, the country' s banking establishment gathered for the fourth CNBC-TV18 Banking Transformation Summit, presented by Nucleus Software, filled with an understanding that India's financial ecosystem had crossed a threshold. As the event theme 'Scaling Bharat: Powering Progress with Resp

USD 100/barrel crude on screen could cost nearly USD 145/barrel in physical market: Kotak Securities

Mon, 05 Oct 2026 07:02:50 GMT

Mumbai (Maharashtra) [India], October 5 (ANI): Physical crude oil prices could be significantly higher than benchmark rates as soaring shipping costs widen the gap between quoted and actual market prices, with a USD 100-a-barrel screen price potentially translating into nearly USD 145 per barrel, said Anindya Banerjee, Kotak Securities Head of Commodities Research.

In an interview with ANI, the analyst said the o

France to be 'big driver' of India-EU trade deal, push cooperation in AI, space, healthcare, energy: Benjamin Haddad

Mon, 05 Oct 2026 07:02:44 GMT

New Delhi [India], October 5 (ANI): France will be a "big driver" and supporter of the India-European Union trade deal and will push to deepen its economic content, including cooperation in energy, French Minister Delegate for European Affairs Benjamin Haddad said, highlighting the pact's potential to accelerate investment and strengthen supply chains.

"You will see France be a big driver and a big supporter of t

Philip Morris India and Litterati collaborate to address littering through evidence-based solutions

Mon, 05 Oct 2026 07:02:01 GMT

New Delhi [India], October 5 (ANI): Philip Morris India Trading Private Limited (PM India) partnered with Litterati, a global civic technology company, to launch the first phase of a 12-month anti-littering effort in Delhi. Implemented as part of PM India's CSR work under Project Unmesha, which focuses on environmental stewardship, circularity, and climate resilience, the collaboration seeks to generate a deeper unders

India-US trade negotiations reached 'plateau', further give-and-take difficult: FM Nirmala Sitharaman

Mon, 05 Oct 2026 06:31:08 GMT

New Delhi [India], October 5 (ANI): Negotiations on the India-US trade agreement have reached a "plateau" where further concessions from either side could be difficult, Union Finance Minister Nirmala Sitharaman said, indicating that the remaining discussions may hinge on finding limited room for compromise.

"The agreement negotiations are still ongoing, although we'd like to believe that both the sides have reach

Iran Executes 2 More Isfahan Protesters, Rights Groups Say

Mon, 05 Oct 2026 05:27:05 GMT

New posts

10:46

Iran Executes Two More Isfahan Protesters, Rights Group Announce

Alireza Sepahi and Alireza Reisi were both reportedly executed in Isfahan, Iran, early on October 5.

Two more defendants in the Alikhani Square case in Isfahan, were reportedly executed in the early morning of October 5 at Dastgerd Prison in Isfahan. Alireza Sepahi and Alireza Raisi had been arrested during the Ja

RBI MPC begins 3-day meeting today amid expectations of first rate hike since 2023

Mon, 05 Oct 2026 05:06:02 GMT

New Delhi [India], October 5 (ANI): The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) begins its 3-day meeting on Monday amid growing expectations of the first interest rate hike since 2023.

The RBI has kept the repo rate unchanged at 5.25 per cent for four consecutive policy meetings after cutting rates by a cumulative 125 basis points in 2025. However, mounting inflationary risks and elevated cr

Sensex jumps over 400 points, Nifty crosses 22,500 as markets snap 8-day losing streak

Mon, 05 Oct 2026 04:32:00 GMT

Mumbai (Maharashtra) [India], October 5 (ANI): The Indian equity markets rebounded on Monday with Sensex gaining over 400 points and Nifty hovering over 22,500. Both indices opened with a gap-up, snapping the 8-day losing streak, with Nifty PSU Bank emerging as a major gainer during the early morning trade.

Sensex opened at 72,340.95 and was trading at around 72,362.54, up 452.84 points or 0.63 per cent aga

Flydubai's Omani co-pilot surveyed Ben Gurion airport multiple times, planned to crash plane: Israeli media

Mon, 05 Oct 2026 04:31:48 GMT

Tel Aviv [Israel], October 5 (ANI): Hamam al-Hammami, the Omani co-pilot behind the September 30 terrorist attack aboard Flydubai Flight FZ1073 from Dubai to Tel Aviv, had planned to direct the airliner into Ben Gurion Airport, according to reports published on Sunday by The Times of Israel.

Currently detained and undergoing interrogation within the United Arab Emirates, al-Hammami informed investigators that his