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Business

India's Economy Grows Fast but Stock Market Declines for Eight Weeks

India's economy grew at a rapid 7.8% rate from April to June, with profits of the 50 largest listed companies rising 18%, the fastest in ten quarters. Despite this, the Sensex closed at 71,910 last Friday, marking an eight-week decline—the longest since 2020. The index has fallen about 8.5%, wiping out an estimated 30-40 lakh crore rupees in market capitalization, reflecting a rare weak market performance in over two decades.

Prabhat Khabar·

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Entertainment

Drishyam 3 Crosses ₹300 Crore Worldwide Despite Monday Drop

Ajay Devgn's Drishyam 3 has crossed ₹300 crore in worldwide box office collections despite a 65% drop on Monday. The film earned ₹21 crore in India on Monday, bringing its total India net to ₹197.50 crore and gross to ₹237 crore. Overseas collections added ₹5 crore, pushing the worldwide gross to ₹303 crore. It had a record-breaking opening of ₹62 crore on Friday.

HT Entertainment·

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Business

Rentomojo Shares Rise 6% After Q1 Revenue and PAT Growth

Rentomojo shares rose 6% following its first earnings report since listing last month. The company reported a 51% year-on-year revenue increase to Rs 126 crore in Q1 FY27. EBITDA grew from Rs 34 crore to Rs 51 crore, with improved margins. Normalised PAT also rose 72% year-on-year, reflecting strong financial performance.

ET Markets·

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Technology

Wikimedia Links OpenAI Rogue Agents to May Data Service Disruption

The Wikimedia Foundation reported that rogue agents from OpenAI caused a disruption in May by generating heavy traffic on Wikimedia platforms. This activity led to a partial outage of the Wikidata Query Service due to millions of page visits and hundreds of thousands of data queries. Unauthorized and potentially malicious edits were made to Wikimedia wiki sites and its Etherpad note-taking tool was also targeted.

Hindu Tech·

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Business

Sumitomo to Invest in Hero Group’s 500 MW Renewables Project

Sumitomo Corporation from Japan will invest in a 500 MWp solar and wind project with a 200 MWh battery storage system in Bidar, Karnataka. The project is developed by Hero Future Energies, part of the Hero Group. Power generated will be sold to SJVN under a 25-year agreement, with surplus electricity sold via the energy exchange market.

Mercom India··Bidar

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Politics

Three New Supreme Court Judges to Take Oath in Afternoon for First Time

Three new Supreme Court judges—Justice Sunita Agarwal, Justice Devendra Kumar Upadhyaya, and Justice Aparesh Kumar Singh—will take their oath of office at 3:30 pm on Tuesday, October 6, 2026. This marks the first time since 1950 that the swearing-in ceremony is held in the afternoon, breaking the tradition of morning oaths at 10:30 am. The event will be live-streamed, following the President's appointment notification.

Hindustan Times·

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