Mid-sized IT firms poised to outperform despite challenges: Report

IANS | October 2, 2026 4:53 PM

New Delhi, Oct 2 (IANS) Mid-sized information technology companies are expected to outperform their larger peers in the second quarter of FY27, despite persistent challenges from geopolitical tensions, macroeconomic uncertainty and concerns over the impact of generative artificial intelligence (Gen-AI), according to a report.

India emerging as global space power: Report

IANS | October 2, 2026 3:50 PM

New Delhi, Oct 2 (IANS) India is rapidly emerging as a global space power. From Aryabhata in 1975 to Chandrayaan-3, Aditya-L1, Gaganyaan and the planned Bharatiya Antariksh Station, India has progressed from the early use of space technology for development to the frontiers of scientific exploration and is now moving towards human spaceflight, according to an article in Tanzania’s The Guardian newspaper.

Katra-Banihal Section gets 100 kmph speed limit, Vande Bharat sets new record: Vaishnaw

IANS | October 2, 2026 2:10 PM

New Delhi, Oct 2 (IANS) Union Railway Minister Ashwini Vaishnaw on Friday announced that the maximum permissible speed on the 111-km Shri Mata Vaishno Devi Katra-Banihal section has been increased from 75 kmph to 100 kmph, marking a significant milestone for railway operations on the Udhampur-Srinagar-Baramulla Rail Link (USBRL) project.

India’s frozen food products head for Canada

IANS | October 2, 2026 1:27 PM

New Delhi, Oct 2 (IANS) The Agricultural and Processed Food Products Export Development Authority (APEDA) has facilitated the dispatch of a consignment of 24 metric tonnes of frozen food products from Sonipat in Haryana to Canada, according to a statement issued by the Commerce Ministry on Friday.

Balance of risks tilts decisively towards 25 bps rate hike: SBI report

IANS | October 2, 2026 9:16 AM

New Delhi, Oct 2 (IANS) The balance of risks has tilted decisively towards a 25-bps rate hike by the RBI at this juncture, as a combination of broadening inflationary pressures, worsening global macros, evolving liquidity conditions and a renewed global repricing of risks is making the case for pre-emptive action stronger, SBI Research said on Friday.

RBI issues compounding order for FEMA violations in case of BPTP Limited

IANS | October 1, 2026 5:46 PM

New Delhi, Oct 1 (IANS) The Reserve Bank of India (RBI) on Thursday said that it has compounded foreign exchange law violations by real estate developer BPTP Limited and two of its directors, Kabul Chawla and Sudhanshu Tripathi, after the company agreed to pay a total compounding amount of Rs 4.84 crore in connection with foreign direct investment (FDI) transactions dating back to 2007 and 2008.