Business News: Economy & Markets

Govt extends Rs 130 crore support to BigEndian for indigenous AI chip development

IANS | October 6, 2026 7:46 PM

New Delhi, Oct 6 (IANS) In a move aimed at advancing India's semiconductor ambitions, the Technology Development Board (TDB) under the Department of Science and Technology (DST) has signed an agreement with Bengaluru-based BigEndian Semiconductors to provide financial support of Rs 130 crore under the Research Development and Innovation (RDI) Fund.

NSE stock falls below IPO price, wiping out Rs 41,000 crore in investor wealth

IANS | October 6, 2026 7:29 PM

Mumbai, Oct 6 (IANS) Less than two weeks after its stock market debut, shares of the National Stock Exchange (NSE) have slipped below their initial public offering (IPO) price, wiping out all listing-day gains and reducing the exchange's market value by nearly Rs 41,000 crore from its peak.

Saudi diversification, accumulation couldn’t solve its fiscal dependence: Report

IANS | October 6, 2026 6:32 PM

New Delhi, Oct 6 (IANS) Saudi Arabia’s accumulated oil wealth and diversification efforts have reduced some vulnerability to supply shocks but largely shifted the risk from reserves to the reliability of getting crude to buyers, a new report has said.

Adani Electricity announces power connections for Navratri, Durga Puja pandals within 48 hours

IANS | October 6, 2026 6:25 PM

Mumbai, Oct 6 (IANS) Adani Electricity on Tuesday announced streamlined arrangements for Navratri and Durga Puja celebrations in Mumbai, offering temporary electricity connections to pandal organisers within 48 hours of receiving complete applications while urging them to use authorised power connections and follow safety norms.

Civil Aviation Secretary asks airlines to finalise Navi Mumbai Airport transition plan

IANS | October 6, 2026 5:52 PM

New Delhi, Oct 6 (IANS) The Ministry of Civil Aviation has reportedly directed domestic airlines and airport operators to submit a concrete transition plan for shifting operations to Navi Mumbai International Airport (NMIA), as discussions gather pace on the phased redevelopment of Terminal 1 at Chhatrapati Shivaji Maharaj International Airport (CSMIA), Mumbai.

Navi Mumbai International Airport steps up mobility, hospitality and airline support

IANS | October 6, 2026 5:52 PM

Navi Mumbai, Oct 6 (IANS) Navi Mumbai International Airport (NMIA) is strengthening the passenger experience with expanded mobility, transit hospitality and airline support as more flights prepare to shift from capacity-constrained Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Mumbai.

Structural reforms, e-commerce among key focus areas at GST Council meet

IANS | October 6, 2026 5:49 PM

New Delhi, Oct 6 (IANS) The GST Council is scheduled to meet on October 8 to take up the next phase of reforms in the indirect tax regime, which include proposals to speed up refunds, make it easier to register companies, and introduce a trust-based administration by taking a large number of offences out of the criminal provisions of the taxation law, according to sources.

India’s first indigenous HPV vaccine gets WHO prequalification

IANS | October 6, 2026 5:04 PM

New Delhi, Oct 6 (IANS) Cervavac -- India's first indigenously developed human papillomavirus (HPV) vaccine -- has received prequalification from the World Health Organization (WHO) which makes it eligible for procurement by United Nations agencies and expands its potential global reach.

India's data centre boom raises power, cyber and infrastructure risks: Report

IANS | October 6, 2026 4:12 PM

New Delhi, Oct 6 (IANS) India's data centre industry is expanding rapidly as demand for artificial intelligence (AI), cloud computing and digital services grows, but the sector faces increasing risks related to power availability, cyber security and infrastructure resilience, according to a report released on Tuesday.

PE inflows into Indian real estate rise 23 pc to $2.7 billion in April-September: Report

IANS | October 6, 2026 4:05 PM

New Delhi, Oct 6 (IANS) Private equity inflows into Indian real estate saw a strong recovery with a surging 23 per cent year‑on‑year to $2.7 billion in H1 FY27 (April–September 2026), marking the strongest first half since H1 FY23, a report said on Tuesday.

Business

Govt extends Rs 130 crore support to BigEndian for indigenous AI chip development

NSE stock falls below IPO price, wiping out Rs 41,000 crore in investor wealth

Saudi diversification, accumulation couldn’t solve its fiscal dependence: Report

Adani Electricity announces power connections for Navratri, Durga Puja pandals within 48 hours

Civil Aviation Secretary asks airlines to finalise Navi Mumbai Airport transition plan

Navi Mumbai International Airport steps up mobility, hospitality and airline support

Structural reforms, e-commerce among key focus areas at GST Council meet

India’s first indigenous HPV vaccine gets WHO prequalification

India's data centre boom raises power, cyber and infrastructure risks: Report

PE inflows into Indian real estate rise 23 pc to $2.7 billion in April-September: Report

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