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INDIA NEWS | Tue, 13 Oct 2026, 11:08PM IST Indian rupee should be allowed to find its own level, Uday Kotak, Founder & Director, Kotak Mahindra Bank said on Tuesday, asserting that the underlying strength of the Indian economy will reflect in the currency over time.Speaking at theBloomberg New Economy Forum 2026, he said, "My personal view is we should let the rupee find its own level, and over time, the true strength of the economy will play out."The billionaire also emphasised the importance of allowing market forces to determine currency levels without creating expectations about a particular rate that policymakers might seek to defend.Also read: 'If you can't beat them, join them': Uday Kotak backs Chinese investment in IndiaKotak said the situation should serve as an important signal for India to strengthen its competitiveness, improve efficiency and self-reliance, and invest more in research and innovation.A market practitioner, Kotak said, understands what works in financial markets. "Keeping investors uncertain about the level policymakers may be trying to justify can help prevent markets from anticipating official interventions.""My view is a practitioner has the ability of speaking what is going to be effective in markets," he said, adding that policymakers should avoid giving markets a specific level to speculate on.The recent pressure on the rupee was driven more by portfolio investment outflows than by the current account. The Reserve Bank of India (RBI) over the weekend announced a slew of measures to stem rupee fall.In a latest move, the central bank announced the creation of a special window for oil marketing companies, which is set to take the dollar demand away from the spot market and tightened rules governing forex derivatives trades to curb speculative bets against the rupee.Following the RBI measures, the Indian rupee strengthened for the third straight session on Tuesday and appreciated 40 paise to close at 95.38 (provisional) against the US dollar.(With inputs from agencies)

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INDIA BUSINESS | Tue, 13 Oct 2026, 10:59PM IST Adani Airports has decided to delay the transition of international flights to Navi Mumbai airport until March 2027. This decision comes after discussions with airline representatives regarding the partial shifting plan. Previously, airlines were instructed to reduce international flights by 33 percent starting from October 2025. A working group will develop a plan for the redevelopment of Terminal 1 at Mumbai airport.

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INDIA MARKET | Tue, 13 Oct 2026, 10:56PM IST Shares in US chip manufacturers tumbled, primarily influenced by memory and data storage firms, following competitive moves from China's CXMT. The sector faced significant pressure, stemming from concerns over escalating rivalry and demands for AI investments. Key players like Micron Technology, Seagate Technology, SanDisk, and Western Digital saw notable declines in their stock prices.

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INDIA BUSINESS | Tue, 13 Oct 2026, 10:41PM IST The company, operating across India and Southeast Asia, has crossed 500 crore in revenue and turned Ebitda profitable. It aims to double revenue in the next two to three years

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INDIA MARKET | Tue, 13 Oct 2026, 10:38PM IST Fusion CX raised Rs 315 crore from anchor investors ahead of its Rs 702-crore IPO, with Ashish Kacholia and Kotak Mahindra Life Insurance among the participants. The issue opens on October 14 and closes on October 16. Swastika Investmart has assigned a Neutral rating, citing valuations and limited scope for re-rating.

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INDIA NEWS | Tue, 13 Oct 2026, 10:33PM IST Mumbai, A meeting between the BCCI and IPL stakeholders scheduled for Thursday here has been postponed, Board Secretary Devajit Saikia said on Tuesday.The BCCI had called a joint stakeholders' meeting here on October 15, as the Indian Premier League (IPL) prepares to enter its landmark 20th season next year.The postponement comes as BCCI officials are required to attend a felicitation ceremony for the Indian men's and women's teams by Prime Minister Narendra Modi in New Delhi on October 15, following their gold-medal-winning performances at the recently concluded Asian Games."... the meeting with the IPL Franchise Owners, CEOs, IPL Hosting State Associations and Broadcasters, scheduled to be held on October 15, 2026, in Mumbai, has been postponed," Saikia said in a BCCI statement."The Hon'ble Prime Minister of India is scheduled to felicitate the Indian men's and women's teams for their outstanding performances at the recently concluded 20th Asian Games on October 15, 2026, in New Delhi. Accordingly, BCCI officials will be required to attend the felicitation ceremony."Saikia said the Board had also received requests from various stakeholders seeking a postponement of the meeting."In view of the above, and with a view to facilitating maximum participation in person, it has been decided to postpone the meeting."He said the revised date and venue will be communicated in due course.

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INDIA MARKET | Tue, 13 Oct 2026, 10:30PM IST NSE IFSC and the London Stock Exchange have signed an MoU to explore dual listings, cross-listings, new financial products and cross-border trading connectivity between GIFT City and London. The proposed collaboration could expand global investor access for Indian issuers, improve market connectivity and strengthen GIFT IFSCs role as an international financial hub.

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INDIA NEWS | Tue, 13 Oct 2026, 10:29PM IST Under its SAKSHAM NUDGE initiative, the Income Tax Department has contacted professionals who have filed fewer than half the audit reports they submitted in the previous year

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INDIA NEWS | Tue, 13 Oct 2026, 10:26PM IST Revenue rose 11.37 per cent year-on-year, with the Excise Department coming closest to meeting its target and Commercial Tax contributing the largest share of collections

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INDIA BUSINESS | Tue, 13 Oct 2026, 10:21PM IST Bhavin Turakhia-founded Titan will offer its Essential Email service to Squarespace customers at $3 per user per month, initially across the US, UK, Australia and Canada

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INDIA BUSINESS | Tue, 13 Oct 2026, 10:14PM IST Hyundai Motor Group will invest $15.5 billion in India by 2032 to expand manufacturing operations and R&D capabilities. This investment aims to strengthen the local automotive ecosystem while fostering partnerships with local suppliers. Additionally, the group will establish a dedicated investment entity in India to coordinate these efforts. The comprehensive investment is expected to create numerous job opportunities across various sectors.

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INDIA MARKET | Tue, 13 Oct 2026, 10:06PM IST Technology billionaires added a record $845 billion to their combined fortunes in the first nine months of 2026, driven by the artificial intelligence boom, according to figures from the Bloomberg Billionaires Index cited by The Kobeissi Letter. Their wealth reached $4.6 trillion, while billionaires in other sectors collectively lost $62 billion.

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INDIA MARKET | Tue, 13 Oct 2026, 10:05PM IST Sebi has invited public comments on recommendations to review rules governing the monitoring and disclosure of issue proceeds by listed companies. The consultation paper, based on a working groups report, also covers penalties for non-compliance and related-party transaction provisions. Stakeholders can submit comments and supporting rationale by November 3, 2026.

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INDIA MARKET | Tue, 13 Oct 2026, 10:00PM IST S Jaishankar flags China's uneven economic playing field, says India-US trade talks are progressing.

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INDIA BUSINESS | Tue, 13 Oct 2026, 9:49PM IST Adani's Mumbai airport will not change any airline slots during the upcoming winter schedule. This decision comes after airlines expressed concerns regarding proposed international flight cuts. A meeting between Adani Airports and the Airline Operators Committee of Mumbai addressed these ongoing issues. A joint working group is set to create an implementation plan in the next two weeks.

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GLOBAL NEWS | Tue, 13 Oct 2026, 9:40PM IST JPMorgan released surprisingly spotty earnings results for the third quarter, while Goldman Sachs and Citi posted better-than-expected results, reflecting a choppy trading environment.

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INDIA BUSINESS | Tue, 13 Oct 2026, 9:32PM IST AVS Raju, the Founder and Chairman Emeritus of NCC Limited, passed away on October 13, 2026. His contributions to the construction industry are widely recognized across India and beyond. The announcement was made by NCC Limited in a statement issued on that day. Final respects for Raju will be paid at his residence in Jubilee Hills, Hyderabad.

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INDIA MARKET | Tue, 13 Oct 2026, 9:30PM IST Galatasaray host Barcelona in the UEFA Champions League group stage on Oct. 13, 2026.

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INDIA MARKET | Tue, 13 Oct 2026, 9:30PM IST Atletico Madrid host Manchester United in the UEFA Champions League group stage on Oct. 13, 2026.

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INDIA MARKET | Tue, 13 Oct 2026, 9:30PM IST Arsenal host Lille in the UEFA Champions League group stage on Oct. 13, 2026.

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GLOBAL NEWS | Tue, 13 Oct 2026, 9:27PM IST The police identified the 42-year-old man who died at Six Flags Over Georgia on Monday. The company said it was temporarily closing multiple rides in the U.S. and Canada as a precaution.

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GLOBAL NEWS | Tue, 13 Oct 2026, 9:27PM IST The police identified the 42-year-old man who died at Six Flags Over Georgia on Monday. The company said it was temporarily closing multiple rides in the U.S. and Canada as a precaution.

Continue reading at The New York Times

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INDIA BUSINESS | Tue, 13 Oct 2026, 9:23PM IST Aditya Birla Group chairman Kumar Mangalam Birla says businesses are taking a measured approach to AI investments, focusing on tangible returns, productivity and capital allocation

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INDIA MARKET | Tue, 13 Oct 2026, 9:20PM IST The appointment marks Yuvraj Singh's first official coaching role in the IPL.

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INDIA MARKET | Tue, 13 Oct 2026, 9:19PM IST Q2 Results Live Market Blog

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INDIA MARKET | Tue, 13 Oct 2026, 9:17PM IST YouTube has brought Ask YouTube, its conversational search feature, to mobile devices

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INDIA NEWS | Tue, 13 Oct 2026, 9:17PM IST Uday Kotak says the rupee should find its own level, urging India to boost competitiveness, innovation and manufacturing while keeping investment options open

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INDIA BUSINESS | Tue, 13 Oct 2026, 9:17PM IST RITES Limited recently dispatched the first rake of passenger coaches to Bangladesh Railway for a contract. This shipment is part of a larger agreement to supply 200 passenger coaches. The contract was awarded in May 2024, funded by the European Investment Bank, amounting to Rs 915 crore. The dispatched rake includes various types of coaches manufactured by Rail Coach Factory in Punjab.

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INDIA MARKET | Tue, 13 Oct 2026, 9:16PM IST Richa also questioned why the media pays attention to such comments.

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INDIA MARKET | Tue, 13 Oct 2026, 9:13PM IST Drishyam: The Conclusion stars Ajay Devgn, Shriya Saran, Tabu, Ishita Dutta among others.

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INDIA MARKET | Tue, 13 Oct 2026, 9:11PM IST Sebi proposes mandatory monitoring agencies for all issuances, with stock exchanges empowered to levy fines and freeze promoters' demat accounts for persistent non-cooperation

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INDIA MARKET | Tue, 13 Oct 2026, 9:10PM IST Infosys and Wipro shares rally over 4% on the NSE as US-listed ADRs surge amid IT optimism.

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INDIA MARKET | Tue, 13 Oct 2026, 9:08PM IST Lalit Modi shares details of Ramanand Sagar's meeting with Disney over Ramayana.

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INDIA MARKET | Tue, 13 Oct 2026, 9:06PM IST A joint working group will spend the next two weeks developing an implementation plan.

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INDIA MARKET | Tue, 13 Oct 2026, 8:54PM IST Gautam Adani and Mike Bloomberg discussed accelerating the global energy transition, resilient urban infrastructure, future of AI and sustainable growth.

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INDIA MARKET | Tue, 13 Oct 2026, 8:48PM IST Apple unveils HomeView with a 7-inch display, Siri AI, personalised profiles and smart home controls.

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INDIA MARKET | Tue, 13 Oct 2026, 8:48PM IST Apple's HomePod mini 2 adds Sound Glow lighting, smart home features and future Siri AI capabilities.

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INDIA MARKET | Tue, 13 Oct 2026, 8:48PM IST Harsh Goenka warned that the Tata Sons boardroom dispute could prompt family businesses to reduce independent directors, weakening corporate governance.

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INDIA MARKET | Tue, 13 Oct 2026, 8:45PM IST These allegations are claims made in the lawsuit and have not been established by the court.

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INDIA MARKET | Tue, 13 Oct 2026, 8:45PM IST Ranveer Singh in Dhurandhar: The Revenge song Phir Se

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INDIA BUSINESS | Tue, 13 Oct 2026, 8:40PM IST Avaana Capital and Shastra VC co-led the funding round, which will help NuSynth expand R&D, develop proprietary chemical processes and build AI-enabled scale-up capabilities

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INDIA BUSINESS | Tue, 13 Oct 2026, 8:38PM IST Electric vehicles are expected to capture more than 10% of passenger vehicle sales in India by the year's end. Factors such as new models, improved battery ranges, and expanded charging infrastructure contribute to this growth. Recent sales trends indicate a significant increase in electric vehicle sales, nearly doubling compared to last year. JSW MG Motor anticipates a rise in demand during the festive season ahead.

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INDIA MARKET | Tue, 13 Oct 2026, 8:37PM IST The preliminary examination was conducted on December 21, 2025, for recruitment to Constable posts.

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INDIA MARKET | Tue, 13 Oct 2026, 8:36PM IST Balrampur Chini Mills, Cyient, Aditya Infotech and eClerx Services feature among four stock recommendations for Wednesday, with analysts outlining entry levels, stop losses and upside targets based on technical indicators.

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GLOBAL NEWS | Tue, 13 Oct 2026, 8:34PM IST Police identified the 42-year-old man who died at Six Flags Over Georgia on Monday. The company said it was temporarily closing multiple rides in the U.S. and Canada as a precaution.

Continue reading at The New York Times

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GLOBAL NEWS | Tue, 13 Oct 2026, 8:32PM IST She and Kathy OMalley known as the Girlfriends were the rare female hosts in a major market. Their freewheeling segments included Sex Thursday.

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INDIA MARKET | Tue, 13 Oct 2026, 8:31PM IST Investors are now awaiting the company's Q2 FY27 results.

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