Bloomberg

Bloomberg

Ambani taps Reliance's 420,000 employees to boost Jio IPO participation

The conglomerate has reached out to staff across its group companies and encouraged them to open trading accounts, as Mukesh Ambani seeks to build interest in the proposed $3.2 billion listing

Updated On: 16 Oct 2026 | 2:48 PM IST

Renewable energy demand could rise as data centres surge in India

CleanMax founder Kuldeep Jain estimated that 5 GW of data centre capacity could require 30-40 GW of renewable power, as US backlash and West Asia conflict risks boost India's appeal

Updated On: 16 Oct 2026 | 1:05 PM IST

Fund managers halt inflows after Supreme Court ruling on Yes Bank bonds

Kotak Mahindra Asset Management and Nippon Life India Asset Management have paused fresh investments as they review how SC's decision to overturn the 2020 AT1 bond write-off could affect valuations

Updated On: 16 Oct 2026 | 11:14 AM IST

Indian software stocks set to outperform AI peers by most margin in decades

India's top software exporters have surged over 10% this week as global chip stocks fall 7.4%, with analysts pointing to AI valuation concerns and signs of improving revenue growth in the IT sector

Updated On: 16 Oct 2026 | 10:30 AM IST

Bank deposits surge on FCNR inflows, but margin pressure looms for lenders

HDFC Bank, ICICI Bank and Axis Bank raised over $127 bn through the FCNR(B) deposit scheme, with analysts expecting margins to improve from October to December

Updated On: 16 Oct 2026 | 10:29 AM IST

RBI's rupee defence comes at a cost as liquidity dries up, yields rise

The RBI's measures have curbed speculative dollar demand but tightened forex liquidity and raised hedging costs, while high oil prices and capital outflows continue to weigh on the rupee

Updated On: 16 Oct 2026 | 10:00 AM IST

US says Trump didn't order curbs on Ukraine's access to SpaceX's Starshield

The statement pushes back against Ukrainian President Zelenskyy's claim that Trump and Elon Musk restricted access to the satellite technology, affecting Ukraine's ability to intercept Russian drones

Updated On: 16 Oct 2026 | 9:50 AM IST

China's trade barriers remain a hurdle to closer bilateral ties: Sitharaman

Finance Minister said that Chinese non-tariff barriers are restricting Indian exports of generic drugs, beef, and vegetables, complicating efforts to strengthen trade and improve bilateral relations

Updated On: 16 Oct 2026 | 9:40 AM IST

India's family offices bet on homegrown AI firms to catch up with US, China

Azim Premji's family office, QED Innovation Labs and Ranjan Pai's family office are backing homegrown AI firms, even as India's AI investment of over $15 bn between 2013 and 2025 trails US and China

Updated On: 16 Oct 2026 | 9:34 AM IST

Musk gives $158 mn to GOP super PAC for Texas Senate race, filings show

Musk has donated more than $330 mn in the current US election cycle, leading political donors from both parties, with the latest contributions appearing to target the very expensive Texas Senate race

Updated On: 16 Oct 2026 | 9:30 AM IST

Anthropic's Q3 revenue jumps to $16.8 billion ahead of planned IPO

Anthropic's third-quarter revenue reached $16.8 billion, up nearly 12-fold from a year earlier, as the Claude maker prepares for an IPO amid slowing growth and concerns over AI valuations.

Updated On: 15 Oct 2026 | 11:43 PM IST

EU-GCC summit in Saudi Arabia postponed amid Houthi missile attacks

The EU and Gulf Cooperation Council have postponed their October 24 summit in Riyadh amid Houthi attacks on Saudi Arabia, with a new date yet to be announced.

Updated On: 15 Oct 2026 | 11:36 PM IST

Marco Rubio to meet Mukesh Ambani in Jamnagar, says US envoy Sergio Gor

The visit is Rubio's second to India this year after a trip to New Delhi in May

Updated On: 15 Oct 2026 | 5:23 PM IST

Closer trade ties with India remain top priority: US envoy Sergio Gor

US Ambassador Sergio Gor said that US views sanctions as a means to end the Ukraine war, not to punish countries buying Russian oil, ahead of Marco Rubio's India visit next week

Updated On: 15 Oct 2026 | 12:12 PM IST

India may need rate hikes, tax relief to ease pressure on rupee: Analysts

The rupee's rebound after the RBI's latest measures may prove short-lived as energy import dependence and weak capital inflows weigh on the currency; further rate hikes could help address the pressure

Updated On: 15 Oct 2026 | 12:07 PM IST

Germany slams US move to bring Russia back to global stage, backs Ukraine

German Vice Chancellor Lars Klingbeil said talks with Moscow must not come at Ukraine's expense or bypass President Volodymyr Zelenskyy, amid Donald Trump's efforts to ease sanctions on Russia

Updated On: 15 Oct 2026 | 11:56 AM IST

Would halt chip supply to buyers who develop unsafe AI, says Nvidia CEO

Jensen Huang said Nvidia would first discuss concerns with an AI developer before considering a supply halt, as the chipmaker pledges $250 million over 5 years to support AI safety research in the UK

Updated On: 15 Oct 2026 | 9:29 AM IST

Apple prepares to debut first AI features in China in December after delay

Apple Intelligence is expected to arrive in China in December, but the rollout will exclude new Siri AI assistant and other recently announced features as the company awaits final regulatory clearance

Updated On: 15 Oct 2026 | 9:20 AM IST

North Korea tests submarine-launched missiles amid Trump-Kim meeting plans

The test comes as Donald Trump signals interest in meeting Kim Jong Un during his upcoming Asia trip, while Pyongyang steps up missile launches and seeks to strengthen its military capabilities

Updated On: 15 Oct 2026 | 9:17 AM IST

IDBI Bank's $6 billion Fairfax deal signals zest for Indian assets

Fairfax's acquisition of a 60.7% stake in IDBI Bank for nearly $6 billion comes as Blackstone explores IIFL Finance and Japan's MUFG studies options to gain majority control of Shriram Finance

Updated On: 15 Oct 2026 | 8:59 AM IST