Aman Mehta, husband of Sharmin Segal, comes from a billionaire family with a net worth of Rs 50,939 crore. He is the Executive Director of Torrent Pharmaceuticals, a company founded by his grandfather in 1959. Aman has played a crucial role in shaping the company's direction and evaluating potential acquisitions.
The Centre has issued guidelines for central government employees' contributions to the NPS, including a 10% monthly salary requirement. Suspended employees can still contribute with interest, while those on probation must also contribute within set timelines. Ministries and departments have been advised to inform employees of these changes for efficient management of retirement savings.
Alkem Laboratories Ltd. has partnered with Sonnet BioTherapeutics Holdings, Inc to develop and commercialise "SON-080", a drug candidate for diabetic peripheral neuropathy in India. The drug has shown promising results in phase 1b clinical trials and has the potential to improve symptoms and quality of life. Alkem will handle clinical development and regulatory filings in India.
KTM is set to launch the new 390 SMC R Supermoto in Europe and possibly in India. This entry-level offering in KTM's SMC R range will share the same engine as the Duke and feature long travel suspension, 17-inch wheels, and advanced electronics. With no direct rivals in India, the 390 SMC R is expected to be a popular choice among Supermoto enthusiasts.
Adani Green Energy Limited (AGEL) has seen a significant growth in operational capacity, with a 34% increase in the first half of FY25. This was driven by the addition of solar and wind power plants, with strong performance and high availability rates. The company has also received a major contract from MSEDCL and formed a JV with TotalEnergies.
Dacia Bigster, rebranded as Renault in India, has been revealed globally as a three-row version of the popular Duster. Its debut at the Paris Motor Show is highly anticipated, especially for the Indian market where Renault plans to launch four SUVs in the near future. The Bigster boasts a modern and durable interior, and is expected to have similar engine options and terrain modes as the Duster.
Hurricane Milton's impact on fuel consumption in the US has caused a 4% increase in crude oil prices, leading to a rise in petrol and diesel prices. The Middle East's oil supply disruption concerns continue, resulting in a 3.7% increase in Brent crude futures and a 3.6% increase in US West Texas Intermediate crude. Stay updated on the latest prices in major
Argentina and India mark 75 years of diplomatic relations as their recent meeting in New Delhi strengthens their ties. Discussions on agriculture, energy, and defence cooperation were held, with a focus on increasing trade, lithium and energy collaboration, and defence and nuclear partnerships.
Garena Free Fire MAX, the upgraded version of the popular battle royale game, has become a sensation despite the ban of the original in India. Its impressive graphics, seamless gameplay, and regular updates have earned it a huge fan base. The daily redeem codes, offering exclusive rewards, are a major hit among players, but with limited availability and short expiration.
Gold and silver rates in India were stable on October 11, with 24-carat gold costing Rs 75,250 per 10 grams and silver priced at Rs 90,230 per kilogram. Despite a recent decrease in gold prices, stable rates are expected due to geopolitical tensions and a strong US economy. In major cities like Mumbai, Kolkata, Delhi, and Chennai, gold prices ranged from Rs 75,120 to Rs 75,470 per 10 grams.
The Piramal, Mehta, and Merchant families are linked through marriage to the Ambani children, adding interest to their financial status. The Piramal family, headed by billionaire Ajay Piramal, is the richest among the in-laws with a wide-ranging business portfolio. The Mehta family, led by diamond mogul Russell Mehta, is a major player in the diamond industry.
Kunal Bahl, co-founder of Snapdeal, joins Shark Tank India's fourth season with a net worth of Rs 3,500 crore and a successful entrepreneurial journey. With connections to prominent business figures like Mukesh Ambani and an impressive educational background, Bahl brings valuable expertise and insights to the judges' panel.
This Dussehra, the silver screen is set to dazzle audiences with a lineup of captivating films, including the highly anticipated Vettaiyan featuring Rajinikanth and Amitabh Bachchan, Jigra starring Alia Bhatt, Vicky Vidya Ka Woh Wala Video with Rajkummar Rao and Triptii Dimri, and Devara Part 1 featuring Jr NTR, Saif Ali Khan, and Janhvi Kapoor.
Ratan Tata, an architect and aviator, fulfilled his dream of bringing Air India back to the Tata Group after years of struggle. His vision led to the launch of AirAsia India and Vistara, with a partnership with Singapore Airlines. Tata's passion for aviation was evident in his efforts to revive Air India.
TCS reports 1.1% decrease in net profit for Q2, missing estimates due to higher expenses. Revenues beat estimates at Rs 64,259 crore, with CEO citing clients' cautious investment approach. Operating margin falls to 24.1%, offset by strategic investments in talent and infrastructure. Total contract value rises to $8.6 billion, with strong traction in AI and GenAI space.
Delhi Police has made another major drug bust, seizing 200 kilogram of cocaine worth Rs 2,000 crore from west Delhi. This is the second big haul in a week, following the recovery of 562 kilogram of drugs worth over Rs 5,000 crore in southwest Delhi. A raid is currently underway in Ramesh Nagar, with more updates to come.
The festive season has brought exciting discounts for two-wheeler electric vehicles, with e-commerce platforms and two-wheeler companies offering deals. Bajaj Auto's Chetak has gained popularity in the EV market, and Amazon is currently offering discounts on the Chetak Brooklyn Black and Chetak 2903 models. Customers can save up to Rs 7,000 with various payment and EMI options.
Bandhan Bank has received approval from RBI for the appointment of Partha Pratim Sengupta as MD & CEO. Sengupta will step down from his other engagements and his appointment is for a period of 3 years. He has nearly 40 years of experience in banking and has worked in various roles at SBI and Indian Overseas Bank. Sengupta has also received training in leadership development.
MSME-focused non-banking financial company (NBFC) UGRO Capital on Thursday announced its second quarter performance for the financial year 2024-25 with assets under management (
Ola Electric's Big Boss Sale, with only 72 hours left, offers discounts of up to Rs 30,000 on electric scooters. The sale includes a price cut of Rs 20,000 on the Ola S1 X 2 kWh and additional rebates worth Rs 30,000. Ola also plans to expand its service network to 1,000 centres by December and 10,000 by 2025, along with training 1 lakh mechanics to be
Ather Energy is offering festive benefits up to Rs 25,000 on the 450X and 450 Apex, with additional discounts and extended warranty options. The 450X has two battery pack options and a top speed of 90 kmph, while the 450 Apex boasts a top speed of 100 kmph and a range of 157 km. Both models come with advanced features and multiple ride modes.
Tata Motors introduces the Tata Nexon iCNG, their fourth CNG car, featuring a turbocharged petrol engine and the highest power and torque output in India. The design remains the same as the regular Nexon, with minor changes and an iCNG badge. The interior also remains unchanged.
TCS cancels press conference and interviews for Q2FY2025 due to the demise of Ratan Tata, chairman of Tata Sons. The 86-year-old passed away on Wednesday and was in a critical condition. TCS posts second quarter earnings with profit at Rs 11,909 crore and revenue at Rs 64,259 crore. Industry leaders pay tribute to Ratan Tata.
Air India has ordered 85 Airbus jets, including 75 A320-family and 10 A350 aircraft, as part of its plan to modernize its fleet and stay competitive in the market. This is in addition to a previous historic order and is expected to be matched by a similar order from Boeing. Tata Group has made significant investments in Air India since acquiring it.
Sustainability is a key challenge faced by women micro businesses as nearly half of them (49 per cent) said they would not be able to survive at all in case of a sudden loss of revenue.
Sun Mobility and IOCL have joined forces to launch a battery-swapping network, Indofast Swap Energy, with Anant Badjatya as the CEO. The venture aims to provide affordable mobility solutions for two and three-wheeler owners by 2030, using Sun Mobility's technology and Indian Oil's fuel stations.
Rafael Nadal, 22-time Grand Slam singles champion and iconic Spanish tennis player, announced retirement on October 10. In a heartfelt video, he spoke about his struggles with injuries and thanked his supporters. As he prepares to retire after the Davis Cup final, the tennis world bids farewell to a legend.
Garuda Construction and Engineering's IPO saw strong demand, with the retail and NII categories being subscribed 9.9 and 6.8 times respectively. Despite being fully subscribed on the first day, the company's shares did not see any premium or discount in the grey market, suggesting low interest. The IPO will close on October 10 and is set to be listed on October 15.
Nifty October futures are trading at a 200-point premium, with the index entering a profit-taking phase due to significant FII selling. The 24,800 level is crucial support, and Nifty's PCR suggests a potential for a bounce. The trend will remain negative if Nifty trades below 25,500. For the banking sector, 50,000-49,800 is a critical support zone, and initiating fresh shorts is not recommended.
Suzlon Group secures a significant 400 MW order from JSP Green Wind 1 Pvt Ltd, a subsidiary of Jindal Renewables Power Private Limited. This is the largest Commercial & Industrial (C&I) win in the industry. The order includes 127 state-of-the-art wind turbine generators to be used for captive consumption in steel plants in Chhattisgarh and Odisha.
Tata Motors has launched the highly anticipated Nexon CNG, which offers a powerful turbocharged petrol engine and impressive features. The CNG market has seen a significant increase in demand, with a 46% surge this year. The Nexon CNG is available in eight variants, while the Maruti Suzuki Fronx CNG only comes in two.
The ongoing protests in Kolkata have greatly affected the food and beverage industry, with a sharp decline in sales reported by many restaurant owners. However, with the start of Durga Puja, there is hope for a recovery, though on a smaller scale. Despite the challenges, restaurant owners are optimistic about the festival period bringing in relief and increased revenue.
Social media has popularized mental health discussions, leading to self-diagnosis, especially for ADHD. This trend is concerning as it can lead to misinformation. While ADHD is common and can affect people of all ages, professional diagnosis is crucial. Awareness about the disorder is increasing in India, but more education and better treatment options are needed, especially in rural areas.
EMotorad has launched the T-Rex Pro, an e-cycle with a fully integrated handlebar featuring essential accessories and a sleek LCD display. Priced at Rs.52,999 and Rs.53,999 for the 27.5” and 29” versions respectively, it can be pre-booked on the company's website and on various online and offline retail stores.
Salt-to-software Tata Group’s patriarch had started his personal investment vehicle RNT Associates after his retirement as Chairman in 2012 to manage his angel investments in startups and new ventures.
RBI has announced a bank holiday on October 10 for Durga Puja celebrations in certain states. Maha Saptami, the seventh day of the festival, will see the closure of public and private banks in Bengal, Assam, and Odisha. However, online banking and other services will continue to function. Several other bank holidays are also scheduled for the month of October, including Dussehra and Diwali.
Ratan Tata, former chairman of Tata Sons, passed away at 86. His visionary leadership and commitment to social responsibility left a lasting impact on society. Born into wealth, he graduated from Cornell University and oversaw milestones like the Tata Indica launch and Tetley Tea acquisition. Though retired in 2012, he remained active in philanthropy and investing.
Mamata Banerjee mourns the death of Ratan Tata, praising him as a leader and philanthropist. Her anti-land acquisition movement in Singur, which caused Tata to withdraw from the Nano car plant, played a crucial role in her political success. The failed project had a significant impact on Bengal's industrial future and raised questions about the trade-off between development and displacement.
SBI has extended the deadline for its popular fixed deposit schemes, Amrit Kalash and Amrit Vrishti, until March 31, 2025. These schemes offer interest rates of 7.1% and 7.25% to general customers and 7.6% and 7.75% to senior citizens, respectively. The bank also offers special rates for bulk deposits and senior citizens under its Green Rupee Term Deposit scheme.
Xiaomi, a Chinese smartphone brand, was transformed into a household name in India after a meeting with Ratan Tata, who invested in the company and mentored its leader. With Tata's support, Xiaomi became the top smartphone company in India and his legacy will continue through the companies he backed, including Xiaomi.
Patanjali Foods has been given the green light by the CCI to acquire Patanjali Ayurved's HPC business for Rs 1,100 crore. This move will allow for expansion of their FMCG product range and solidify their position as a top FMCG company. The HPC business has a devoted customer following and a reputable brand, making the acquisition a strategic and beneficial decision.
Ratan Tata was a key supporter of India's startup ecosystem, offering investments, mentorship, and guidance. He emphasized innovation, risk-taking, and ethical business practices, inspiring young entrepreneurs to build impactful ventures.
Ratan Tata, a renowned businessman and philanthropist, passed away at the age of 86 due to age-related health issues. His love for automobiles played a significant role in the growth of Tata Motors, earning him global respect. As the auto industry mourns his loss, his legacy in the field is celebrated. Stay tuned for live updates on Ratan Tata's passing.
The Indian mutual fund industry has seen a significant growth in assets under management in the past five years and is expected to continue this momentum in the coming year. Rising retail participation and inflows into equity funds are driving this growth, with large-cap funds and sectoral/thematic funds expected to perform well.
The passing of Ratan Tata, a visionary leader and Harvard-educated son of Naval Tata, is a huge loss. His influence can be seen in the success of Tata Group and Tata Sons. Several iconic cars, such as Tata Estate, Tata Indica, Tata Nano, and Tata Nexon EV, have been produced by Tata Motors, redefining the Indian auto industry.
Two corporate employee deaths due to work stress in India have brought attention to the mental health crisis in the country's workplace culture. The pressure to meet high demands often neglects employee well-being, highlighting the need for a healthier work-life balance. Companies must address this issue by acknowledging it, raising awareness, and providing mental health support.
Maharashtra has declared a day of mourning for the passing of industrialist Ratan Tata. His funeral will be attended by influential figures from business, politics, and entertainment, showcasing his contributions to the Indian economy and his connections across communities.
INS Talwar, a stealth frigate of the Indian Navy, has arrived in South Africa to participate in the IBSAMAR exercise with the navies of Brazil and South Africa. The drill, focused on Blue Water Naval Warfare, aims to deepen cooperation and enhance operational capabilities.
India's CCS has approved two projects to boost defence capabilities: buying 31 armed drones from the US for $3.99 billion and developing two nuclear-powered attack submarines. These drones can fly for 40 hours and conduct precise strikes, greatly improving India's ISR capabilities.
Ratan Tata, the legendary chairman emeritus of the Tata Group, passed away at 86, leaving a global legacy. His trusted assistant, Shantanu Naidu, shared a heartfelt tribute, describing their unique bond and the profound impact Tata had on his life.
Ratan Tata, the iconic industrialist and former chairman of the Tata Group, passed away at 86. His impressive legacy of ethical leadership, philanthropy, and notable achievements in the automotive and telecommunications industries are remembered. He was deeply dedicated to social welfare and received numerous awards for his contributions.