Meanwhile, TCS regained its growth momentum, recording a 0.8 per cent sequential rise in constant currency revenue for the September quarter, its first rise in three quarters. Ahead of the results, IT and metal stocks propelled the Sensex and Nifty higher.
In the primary markets, LG Electronics India’s blockbuster IPO attracted bids worth over 4 lakh crore, becoming the most subscribed major issue in Indian history. Industry veteran KV Kamath hailed the RBI’s regulatory reforms as “timely and excellent” as banks re-enter business lending.
Globally, Prime Minister Modi and Britain’s Keir Starmer discussed strengthening defense and maritime cooperation, while Israel and Hamas agreed to a ceasefire. On the wealth front, Mukesh Ambani tops Forbes’ Indian wealth list, even as billionaires collectively lost $100 billion.
Here are the main stories that shaped the day.
Tata directors hope to resolve differences: sources
All members of the Tata Trusts are confident that the recent deliberations will lead to a resolution of the dispute, sources close to the group told CNBC-TV18. “We are confident that the group will move forward with unity and determination,” one of the sources said, speaking on condition of anonymity.
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TCS Q2 Results: Revenue Increases in Constant Currency Terms for First Time in Three Quarters
Tata Consultancy Services Ltd.. (TCS), India’s largest IT services company, reported constant currency revenue growth for the September quarter for the first time in three quarters.
Revenue growth at constant exchange rates stood at 0.8% sequentially after two quarters of decline. During the June quarter, TCS reported a 3.3% decline in revenue in constant currency.
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Sensex, Nifty extend rebound as IT, metals shine; TCS up ahead of second quarter results
The stock market ended higher on Thursday, led by gains in information technology and metals stocks, as investors positioned themselves ahead of TCS earnings and were reassured by a broad-based rebound across sectors.
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LG Electronics India IPO Day 3: Subscription at 54x with bids crossing ₹4 lakh crore
LG Electronics India has become the most subscribed ‘big’ Indian IPO as its offering continues on the final day of its three-day initial public offering (IPO). By definition, we consider large IPOs to be those with a size of ₹10,000 crore or more.
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Prime Minister Modi and Keir Starmer discuss maritime security and military training cooperation between India and the United Kingdom
From global geopolitical issues to the India-UK trade deal, Prime Minister Modi and British Prime Minister Keir Starmer discussed a range of issues and agreed to strengthen the partnership to strengthen maritime security in the Indo-Pacific and cooperation on military training, among others.
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Israel and Hamas agree to ceasefire in Gaza and return of hostages
Israel and Hamas said they had agreed to a long-awaited ceasefire and hostage deal, the first phase of U.S. President Donald Trump’s plan to end a war in Gaza that has killed more than 67,000 people and reshaped the Middle East.
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Cough syrup deaths: Supreme Court to hear plea for CBI probe as toll continues to rise
The Supreme Court on Thursday (October 9) agreed to hear a plea seeking a court-monitored probe and a probe by the Central Bureau of Investigation (CBI) as two more children died in Madhya Pradesh due to alleged consumption of contaminated cough syrups.
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RBI reforms excellent and timely, says KV Kamath as banks re-enter corporate credit game
The Reserve Bank of India’s (RBI) regulatory framework has been constantly evolving to adapt to the changing economy, thereby creating new opportunities for banks, said KV Kamath, Chairman, Jio Financial Services. “In my 55 years in business, I have not seen the RBI take its eyes off the subject. Every five years, I have seen an evolution in the way it views what it should do in the economic context,” he said.
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Mukesh Ambani tops Forbes 2025 list as India’s richest lose $100 billion in a year
India’s richest saw their combined wealth fall 9% to $1 trillion in Forbes’ Indian Wealth List 2025, with Mukesh Ambani leading again with $105 billion despite market declines and a weaker rupee.
Read more here
We’ll see you again on Friday with another captivating “Top 10@10”.
