Everest Cumin Powder Recalled By FSSAI Over Excess Pesticide Residues Check Batch Details
INDIA MARKET | Sun, 4 Oct 2026, 5:09PM IST
The FSSAI recalled the 'Everest' brand of cumin powder.
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AIBE 22 Registration 2026: Check Last Date To Apply, Fees, Eligibility-Key Details
INDIA MARKET | Sun, 4 Oct 2026, 4:46PM IST
The AIBE XXII exam is scheduled for November 29, while admit cards are expected to be released on November 14.
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Ecommerce platform Flipkart doubles active seller base in 15 months
INDIA BUSINESS | Sun, 4 Oct 2026, 4:44PM IST
Flipkart attributed the growth in sellers to its zero-commission model, simplified onboarding and AI-led tools aimed at improving selection, pricing and catalogues
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DLF sells entire 172 senior living homes in new project at Gurugram for Rs 1,985 cr
INDIA BUSINESS | Sun, 4 Oct 2026, 4:41PM IST
DLF Ltd announced the complete sell-out of its senior living project 'The Aureva' located in Gurugram. The project consists of 172 luxury residences, achieving total sales of Rs 1,985 crore. The average price per apartment has been noted at Rs 11.5 crore. The company emphasizes the growing demand for premium residential offerings catering to senior citizens and their needs.
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Max Verstappen Wins Rain-Hit Bahrain GP; Hamilton Recovers From P18 To Finish Third
INDIA MARKET | Sun, 4 Oct 2026, 4:40PM IST
Lewis Hamilton recovered from 18th after a tyre gamble to secure a dramatic podium finish.
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38m
Iran Warns Strait of Hormuz Will Stay Shut Until US Meets Islamabad Pact Demands
INDIA MARKET | Sun, 4 Oct 2026, 4:35PM IST
Iran says Strait of Hormuz will not open if conditions not met
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43m
From Himesh Reshammiya, Hariharan To Anu Malik: Check Bollywood Music Project 2026's Line-Up
INDIA MARKET | Sun, 4 Oct 2026, 4:33PM IST
Himesh Reshammiya, Hariharan, Anu Malik, Shilpa Rao and other artists to perform at Bollywood Music Project 2026
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INDIA BUSINESS | Sun, 4 Oct 2026, 4:19PM IST
Australia began researching railway sleepers made from recycled plastic in 2015, in an effort to tackle plastic waste while developing an alternative to conventional timber sleepers. The Duratrack project was developed by Victorian manufacturer Integrated Recycling with researchers at Monash University's Institute of Railway Technology.
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Ahead of Market: 10 things that will decide stock market action on Monday
INDIA MARKET | Sun, 4 Oct 2026, 4:17PM IST
Sensex and Nifty extended losses for a fourth session as heavy FII selling, surging bond yields and elevated crude prices rattled investors. The selloff erased Rs 5 lakh crore in market value, while analysts advised long-term investors to accumulate gradually.
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India needs its own AI safety framework
INDIA NEWS | Sun, 4 Oct 2026, 4:02PM IST
New Delhi: India should build its own artificial intelligence (AI) safety framework suited to its languages, scale, and application-led AI ecosystem rather than replicate a voluntary pact signed by US President Donald Trump and top technology firms last week, industry experts said.They also called for a commitment that brings together all stakeholders and tackles risks such as deepfakes and cyberattacks, even as they differed on whether voluntary measures alone would be enough.The comments came after the White House Accord on Super Intelligence, a voluntary AI safety pact signed on September 29 by Trump and top executives from Google, OpenAI, Anthropic, Meta, Nvidia and Elon Musk's xAI.Under the accord, the companies committed to internal controls to monitor their AI models, dedicated oversight teams, independent external audits and board-level oversight. They also agreed to meet regularly to set safety standards.Nasscom Chairman and Fractal Group CEO Srikanth Velamakanni said India should not simply replicate the US. Instead, it should use a domestic commitment as a building block towards a global understanding of AI safety."As models become more capable and agentic, we are giving them greater access to systems and greater autonomy to make decisions. AI safety must be strengthened considerably and must stay ahead of capability to prevent catastrophic risks," Velamakanni said.He noted that the US accord is largely a push for self-policing by frontier AI companies. The European Union, by contrast, has taken a binding, risk-based approach, while China follows a state-directed control model.India, the Nasscom Chairman said, could use its role in the Global Partnership on AI (GPAI) and the momentum from hosting the AI Impact Summit in February to prevent worst-case outcomes, without citizens of India and the Global South being denied access to frontier models."India doesn't need to copy the US model, but it can take inspiration from it and expedite efforts to build a trusted AI ecosystem," said Soumen Mandal, Principal Analyst at Counterpoint Research.He added that such a commitment should cover testing AI systems before deployment, independent audits, reporting serious problems, and naming people responsible for AI-related risks.Amit Khanna, Partner and Automation Ecosystem Leader at Grant Thornton Bharat, said any commitment should be suited to Indian market conditions.He noted that India's focus is on building AI applications rather than major foundational models."An industry commitment in India should ensure AI works reliably across vernacular languages and unique cultural contexts and should not exploit AI knowledge asymmetry in the population," Khanna said.Ganesh Gopalan, co-founder and CEO of Gnani.ai, said any framework must ensure a level playing field.Global frontier models should be subject to the same rules as Indian ones, he said, since Indian AI companies compete with global firms for the same customers.The experts differed on whether self-regulation would be enough."Voluntary, self-regulatory approaches are necessary but woefully insufficient," Velamakanni said."Pharmaceuticals and aviation are great examples of industries where strong, technically competent regulators have strengthened safety and public trust without stopping innovation."He said India needs binding rules on transparency, incident reporting, and accountability when serious harm occurs.The IndiaAI Safety Institute should be strengthened to test newly released models, but without creating a bottleneck by requiring pre-release certification of every model, he added.Mandal backed a hybrid approach. Mandatory rules would apply to potential harms in defence, healthcare, banking, and government use cases, while voluntary standards would cover fast-moving technical areas where regulators may lack technical expertise."This type of hybrid approach will provide flexibility to AI companies instead of restricting every line of code while ensuring safety and privacy are not compromised," he said.Khanna also called for a hybrid "techno-legal" approach. It would pair a strong voluntary layer with binding mandates, such as the provisions on synthetically generated information in the IT Amendment Rules, 2026.He said voluntary compliance alone leaves significant gaps, particularly in civil rights and public safety.Gopalan, however, favoured self-regulation."Voluntary self-regulation is key given the technology is new. Having mandatory regulation can stifle competition and lead to concerns about a few companies getting preferential treatment."India needs more than 100 frontier AI lab companies, and that's the need of the hour to prevent India from being colonised, which is inevitable if we lag behind in the AI race," Gopalan said.The Indian government is in the process of bringing in its own AI regulation.Earlier this year, IT Secretary S Krishnan noted that while existing legal provisions have so far been adequate in addressing initial concerns on issues like deepfakes and AI-generated synthetic content, an "additional regulation or law may be needed"."It is a conversation which has commenced, and my minister (IT Minister Ashwini Vaishnaw) and I have both been on record earlier that we will look at AI regulation when the time is right, and it appears that the time is getting right, and we will start looking at it," he had said.Vaishnaw had also said that the current information technology law was framed much before the rapid emergence of Artificial Intelligence (AI) and that a new legal framework may be required to deal with the changing landscape.The industry agrees that any pact should go beyond AI companies."This cannot be an agreement among AI companies alone," Velamakanni said.He said the government, frontier model developers, large deployers, including enterprises and public agencies, academia, and independent safety researchers should all have defined roles. Workers, users, and civil society should have formal channels to report harms.He added that safety evaluations of frontier models should be carried out by independent, expert institutions and published, with narrow exceptions where disclosure itself creates a security risk.Mandal said the agreement should bring together the entire AI ecosystem, from AI companies and their business users to regulators, universities, researchers, workers, and users.Khanna argued that it should include government and public sector bodies, which would be major users of AI, as well as civil society, worker unions, and technology companies.Meanwhile, Gopalan called for broader self-regulation across the AI ecosystem to ensure impartial access to limited compute resources.Velamakanni said the top concern must be preventing catastrophic and systemic harms.He listed large-scale cyberattacks, electoral interference, biological or chemical weapons, attacks on critical infrastructure, and loss of control over highly autonomous systems. Individual harms such as deepfakes, fraud, impersonation, privacy breaches, and self-harm come next."Autonomy must lag behind assurance to provide a margin of safety. As AI systems gain the ability to act in the world (use tools, move money, change systems, make consequential decisions), the evidence that they are safe and controllable must grow faster than the autonomy we give them," he said.Gopalan said that given India's large population and democratic framework, the bigger concerns are deepfakes and cyberattacks targeting financial institutions.Khanna also named deepfakes as the top immediate priority.He described misinformation, deepfakes, and political manipulation as "existential threats to India's social fabric".He said rules on liability when AI systems fail, such as misdiagnosing a patient or wrongly denying welfare benefits, remain a critical gap.Mandal placed independent audits first, followed by accountability, data protection, deepfakes, and job impact."Without independent testing and audits, the system will not be complete, as companies may sometimes overlook AI-related concerns," he said.
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Pointo bets on e-auto, BESS, second-life battery segments to drive growth
INDIA BUSINESS | Sun, 4 Oct 2026, 4:02PM IST
Lithium-ion battery distribution and service network startup Pointo is betting big on the expanding e-auto segment, battery storage systems (BESS) and second-life products to bolster its revenue, while actively engaging with investors to raise Rs 70-100 crore for its next expansion phase, a top company official said.
The city-based startup, which previously raised Rs 6.2 crore in a seed funding round led by Equirus InnovateX Fund, plans to deploy the fresh capital to build an automated, large-scale refurbishment unit and expand its ground distribution network across the country.
The company has seen its revenue run rate jump to Rs 80 crore in FY26 from about Rs 3 crore in FY24, and expects to close the current financial year at a revenue of Rs 150 crore, Founder & CEO of Pointo Riki Biswas told PTI.
Founded in 2023 by Biswas, a chemical engineer from IIT Guwahati, along with three co-founders, Pointo aims to build a closed-loop supply chain across battery deployment, buyback, ...
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Relief For Travelers? US Imposes Up To $20,000 Visa Bonds On 50 Nations; India Exempted
INDIA MARKET | Sun, 4 Oct 2026, 3:56PM IST
The US has introduced visa bonds of $10,000-$20,000 for eligible B1/B2 applicants from 50 countries. Travellers must use commercial air entry and exit points, while overstays or violations could result in forfeiture of the bond.
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FSSAI suspends Creative Bakers licence over severe hygiene lapses
INDIA MARKET | Sun, 4 Oct 2026, 3:51PM IST
The regulator said the bakery's operations must stop with immediate effect; a batch of Everest's pre-packed cumin powder was found to have pesticide residues above permitted limits
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Canon in talks with key chip project players, plans India service centres
INDIA BUSINESS | Sun, 4 Oct 2026, 3:51PM IST
Japanese imaging and optical major Canon had discussions with all those engaged in key semiconductor manufacturing projects in India and plans to bring its technology and service centres to the country, said its India President and CEO Toshiaki Nomura.
Canon, a global supplier of lithography systems used in semiconductor manufacturing, said it is looking to support the development of India's semiconductor ecosystem as the government steps up efforts to establish domestic chip fabrication capabilities.
The Japanese technology major is sensing a "great opportunity" in the upcoming semiconductor manufacturing ecosystem promoted by the government, and the company will bring its technologies (lithographic machines) to help assist chip manufacturers to produce chips in India, he said.
"Now everybody knows semiconductor manufacturing is the buzzword in India. We have a lithographic machine to produce those chips... We bring our technologies to help assist the chip manufacturer to produce .
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Valuations of IT stocks already capture most of AI disruption risk: Chintan Haria
INDIA MARKET | Sun, 4 Oct 2026, 3:47PM IST
The Nifty IT indexs 25% fall in 2026 may have already priced in much of the threat from AI. Chintan Haria of ICICI Prudential AMC sees selective opportunities in companies positioned to benefit from data engineering, cloud migration, legacy modernisation and AI integration.
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RBI may hike rates by 0.25% in Oct policy amid inflation: Experts poll
INDIA NEWS | Sun, 4 Oct 2026, 3:39PM IST
The Reserve Bank of India (RBI) is likely to increase the repo rate by 0.25 per cent in the October monetary policy review due to mounting inflationary pressure amid the re-escalation of the West Asia crisis and also the rate hikes by global central banks, according to economists and bankers.
If the RBI increases the rate in the upcoming policy, it would mark a reversal in the interest rate policy, which has witnessed rate cuts in 2025 and an extended pause thereafter, according to a PTI poll of 16 economists and bankers.
The last repo rate hike was in February 2023, when the RBI raised the rate by 0.25 per cent to 6.50 per cent; it then kept the rate unchanged through 2023-24 before beginning its rate-cut cycle in 2025. Currently, the RBI's policy repo rate stands at 5.25 per cent.
"Coordination with global central bank hikes, rising inflation risks and strong growth momentum provide policy space to hike," said Kanika Pasricha, chief economic advisor at Union Bank of India.
Furthe
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1h
Deposit growth gets a leg-up for banks in Q2 due to FCNR(B) mobilisation
INDIA BUSINESS | Sun, 4 Oct 2026, 3:39PM IST
Public and private sector banks reported strong deposit growth in Q2FY27, aided by FCNR(B) mobilisation under the RBI's concessional swap window
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Virat Kohli, Rohit Sharma To Be Rested? Shubman Gill's Strong Response After WI Series
INDIA MARKET | Sun, 4 Oct 2026, 3:38PM IST
India captain Shubman Gill backed Virat Kohli and Rohit Sharma while saying the team needs to start settling on the combination it wants for the World Cup.
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'Had To Really Work Hard': Sanju Samson On India's Asian Games Gold Win
INDIA MARKET | Sun, 4 Oct 2026, 3:30PM IST
India defeated arch-rivals Pakistan by 19 runs to successfully defend their men's cricket gold medal at the Asian Games.
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India, Canada To Begin Fifth Round Of Negotiations For Trade Pact On Oct 5
INDIA MARKET | Sun, 4 Oct 2026, 3:28PM IST
India and Canada are set to hold the fifth round of negotiations
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1h
CDMO players to maintain outperformance on multiple growth triggers
INDIA MARKET | Sun, 4 Oct 2026, 3:24PM IST
Divi's Laboratories remains the top pick for most brokerages in this segment, even as valuations turn rich after the sharp rally
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INDIA BUSINESS | Sun, 4 Oct 2026, 3:24PM IST
India and China are better equipped to manage energy disruptions due to diverse sourcing and stockpiling. George Yeo emphasised India's ongoing purchase of Russian oil despite potential US pressure. He recommended India utilise open sources from China to develop its own technology capabilities. Yeo urged a pragmatic approach to India-China economic relations focusing on mutual benefits. This strategy will help India enhance its global competitiveness while fostering national interests.
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Russian Drone Strike Destroys Indian-Owned Pharma Unit In Ukraine, One Dead
INDIA MARKET | Sun, 4 Oct 2026, 3:22PM IST
India's Kusum Group pharma plant in Ukraine's Sumy came under Russian drone attack, killing one person and injuring several others.
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Digger Box Office Collection Day 2: Tom Cruise Film Struggles To Pick Up Pace In India
INDIA MARKET | Sun, 4 Oct 2026, 3:16PM IST
Digger was released in theatres in India on October 2, 2026.
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IT Q2 preview: Muted growth, steady margins likely, AI deflation in focus
INDIA BUSINESS | Sun, 4 Oct 2026, 3:15PM IST
India's top IT companies are likely to report muted revenue growth and broadly steady margins for the July-September quarter as clients keep discretionary budgets tight, with focus on how quickly strong bookings turn into revenue and how far AI is deflating traditional services, analysts said.
Research advisory UnearthInsight expects the top-five IT companies to grow 0.5-1 per cent quarter-on-quarter in the second quarter of FY27, with little improvement over the April-June period.
"Q2 is not going to be any better than Q1... because we are not seeing any revival in client budgets or spending. Discretionary spending remains stuck amid geopolitical tensions, and decision cycles also remain long," Gaurav Vasu, Founder and CEO of UnearthInsight, said.
Gartner sees the quarter as "somewhat stronger" than the previous one. It said this is largely on the back of previously awarded contracts moving into revenue-generating phases.
"However, market conditions remain broadly unchanged, with
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2h
INDIA MARKET | Sun, 4 Oct 2026, 3:14PM IST
A Kolkata derby could be on the cards if Mohun Bagan and East Bengal reach the IFA Shield final.
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RBI MPC policy, oil prices, bond yields may drive market this week
INDIA MARKET | Sun, 4 Oct 2026, 3:11PM IST
Macroeconomic data announcements and foreign investors' trading activity will also guide market trends
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RBI may hike repo rate by 25 bps as inflation and oil risks mount: Sunil Sanghai
INDIA MARKET | Sun, 4 Oct 2026, 3:10PM IST
The RBI could raise the repo rate by 25 basis points in October and signal further tightening as inflation, elevated crude prices and a narrowing rate gap with the US pressure the rupee. Strong reserves and a manageable current account provide crucial buffers.
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Irdai distribution reforms may hurt smaller insurers: ACKO CEO Das
INDIA BUSINESS | Sun, 4 Oct 2026, 3:08PM IST
ACKO CEO Animesh Das said uniform EoM limits across companies could restrict growth opportunities for smaller and newer insurers
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Shubman Gill Flags India's These 2 Big Concerns After West Indies ODI Loss
INDIA MARKET | Sun, 4 Oct 2026, 3:05PM IST
Shubman Gill flags concern areas after WI series
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INDIA MARKET | Sun, 4 Oct 2026, 3:04PM IST
The match is scheduled to begin at 5 PM IST
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India Is Easy To Enter, Harder To Attract | The Week In Whys
INDIA MARKET | Sun, 4 Oct 2026, 3:03PM IST
India has spent decades becoming more integrated with the world. That integration has brought factories, technology, capital and consumers.
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30 and plan to start investing? What to do in the first of your plans
INDIA BUSINESS | Sun, 4 Oct 2026, 3:00PM IST
Focus on building an emergency buffer, clearing high-interest debt and setting up automated index fund contributions
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IT Q2 Preview: Muted growth, steady margins likely; deal conversion, AI deflation in focus
INDIA MARKET | Sun, 4 Oct 2026, 2:59PM IST
India's leading IT firms are projected to exhibit modest revenue growth and stable margins for the second quarter. Analysts anticipate that discretionary spending will remain constrained due to geopolitical issues affecting client budgets. As such, decision-making cycles are expected to prolong for upcoming quarters. Additionally, AI advancements are predicted to impact traditional services and revenue generation timelines.
Continue reading at Economic Times
2h
IT Q2 preview: Muted growth, steady margins likely; deal conversion, AI deflation in focus
INDIA MARKET | Sun, 4 Oct 2026, 2:59PM IST
India's leading IT firms are projected to exhibit modest revenue growth and stable margins for the second quarter. Analysts anticipate that discretionary spending will remain constrained due to geopolitical issues affecting client budgets. As such, decision-making cycles are expected to prolong for upcoming quarters. Additionally, AI advancements are predicted to impact traditional services and revenue generation timelines.
Continue reading at Economic Times
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Don't Trouble The Trouble Box Office Collection Day 2: Fahadh Faasil Film Witnesses Decline
INDIA MARKET | Sun, 4 Oct 2026, 2:57PM IST
Don't Trouble The Trouble was released in Malayalam, Tamil and Telugu on October 2, 2026.
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Want the latest iPhone without buying it? Indias smartphone subscription bet grows
INDIA BUSINESS | Sun, 4 Oct 2026, 2:48PM IST
Subscription-led models for premium smartphones are beginning to gain traction in India as buyers look to lower upfront costs and upgrade devices more frequently. While EMI and trade-in programmes still dominate, services offering monthly access to iPhones, Pixels and Galaxy devices are growing, particularly among consumers in the 1 lakh-plus segment.
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Indias smartphone subscription bet grows
INDIA NEWS | Sun, 4 Oct 2026, 2:48PM IST
Mumbai: This festive season, consumers chasing the latest iPhone or a high-end gadget have a new way to get it - subscribe, rather than buy. Subscription-led models for premium smartphones and durables are beginning to gain traction, offering access to expensive products for a fixed monthly payment and, in some cases, the flexibility to upgrade, return or eventually buy them.The proposition gains ground as consumers, particularly at the premium end, increasingly look at the cost of staying on the latest device rather than the price of owning it outright."Our subscription business is growing 20-30% month on month, and subscriptions account for 95% of our users. Demand is driven by iPhones, Google Pixels and Samsung Galaxy smartphones," said Jayant Jha, founder of BytePe.134672582The appeal, Jha said, lies in lowering upfront cost while giving flexibility to upgrade without the hassle of selling an old device. "The opportunity is to make premium technology accessible without requiring customers to pay the full device price upfront," he said.Premium buyers increasingly view smartphones as products to be upgraded rather than owned for several years. "Consumers in the ultra-premium segment (1 lakh-plus) are upgrading every 12-24 months," said Sreevathsa Prabhakar, founder and CEO of Servify.Instead of focusing only on the sticker price, consumers are increasingly looking at the monthly cost of staying on the latest device, Prabhakar said. Better cameras, AI features and foldable form factors are providing reasons to upgrade, while trade-ins and buybacks can lower the effective cost.This is also where financing is beginning to play a role in the broader shift. For a device such as Samsung's Galaxy Z Fold 8 Ultra, priced at 1.99 lakh, an assured buyback can reduce the effective ownership cost.User-friendly Options"EMI spreads the cost, trade-in reduces the upfront payment, and assured buyback reduces the overall cost of ownership. Together, they make premium devices much more accessible," Prabhakar said.No-cost equated monthly instalment (EMI) tenures, which were earlier typically nine to 12 months, have now stretched to as much as 24 months, he said. When combined with assured buyback, consumers get a predictable payment structure along with an upgrade or exit route. While assured buyback by itself is not a subscription, the combination begins to resemble an access-led proposition.Newer upgrade programmes are building on this overlap between financing and subscription. Programmes such as Samsung's Galaxy Forever and Google's Pixel Upgrade Program combine financing with assured buyback and easier upgrades at the ultra-premium end, said Shubham Singh, research analyst at Counterpoint Research.However, the subscription market itself remains at an early stage in the country.Singh said, "Subscription- or rental-led smartphone ownership is still at a very early stage in India." Adoption will depend on competitive monthly costs, attractive buyback values and seamless availability across online and offline channels, he added.The timing is significant as the festive season approaches. India's smartphone festive-season sales are estimated to fall around 12% on-year in 2026, primarily because higher device prices have limited the scope for aggressive discounts and promotions, Singh said. The premium segment, however, is expected to remain an important demand driver.Prabhakar expects upgrades to play a larger role in smartphone demand. Servify handles more than 300,000 trade-ins a year and is seeing growth beyond metros, including tier II-III cities, he said. Trade-in volumes in October-November are typically about 50% higher than in an average month.The 60,000-1 lakh segment is seeing traction as financing and trade-ins make monthly payments more manageable. Above 1 lakh, including foldables, existing premium users are increasingly driving upgrades.For Jha, subscription does not necessarily mean persuading consumers to give up ownership. "Access does not have to replace buying, it offers another way to use premium technology. The real test is whether the convenience, flexibility and total cost make sense for the customer," he said.For now, EMI and financing remain the primary routes to premium purchases. But as flagship devices become costlier and consumers upgrade more frequently, subscription-led models are beginning to offer another way to pay for staying current , even if the market for such models is still finding its feet.
Continue reading at Economic Times
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Deepwater Gas Price Ceiling Hiked To $9.89 Per MMBtu; APM Cap At $7
INDIA MARKET | Sun, 4 Oct 2026, 2:33PM IST
India raises the ceiling price for difficult-field natural gas to $9.89/MMBtu from $8.90, supporting offshore producers such as Reliance-BPs KG-D6. The cap for ONGC and OIL legacy gas remains at $7/MMBtu.
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Russians Snap Up Chinese E.V.s as Ukrainian Attacks Make Fuel Scarce
GLOBAL NEWS | Sun, 4 Oct 2026, 2:31PM IST
As Ukraine increasingly takes the war to Russia, the effects may be most visible on the roads.
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