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Business

Indian Stock Market Declines Amid Inflation and Geopolitical Tensions

The Indian stock market indices fell due to tighter domestic monetary policy expectations, persistent foreign selling, and rising oil prices amid Middle East tensions. Brent crude surged above $104 per barrel, raising inflation concerns. The US 10-year Treasury yield remains near 5.3%, and rupee weakness increased demand for dollar assets. Bank Nifty outperformed despite closing lower, supported by financial stocks and lending yields. Consumer and rate-sensitive stocks saw deeper declines, while IT stocks offered limited support ahead of TCS results.

Mint Markets·

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Politics

Anil Kakodkar Urges Diplomats to Secure India NSG Membership

Anil Kakodkar, Atomic Energy Commission member, urged India's diplomatic community to work towards securing membership in the Nuclear Suppliers Group (NSG). Speaking at an international conference at IIT Madras on October 8, 2026, he highlighted that India currently benefits only from an NSG waiver for uranium imports, which can be revoked. He emphasized that NSG membership is crucial to ensure stable uranium supply and reduce risks.

The Hindu··Chennai

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Technology

Trump to Honor Microsoft CEO Satya Nadella Amid Vance's Criticism

On the day US Vice President JD Vance criticized Microsoft for employing foreign workers, President Donald Trump planned to honor the company's CEO, Satya Nadella, with America's highest technology award at a White House ceremony. This event highlights contrasting views within the administration regarding Microsoft.

Times of India·

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Politics

Green Card Ban in US Suspends Over 100,000 Indian IT Workers

The US has suspended the PERM program, affecting over 100,000 Indian IT professionals working on H-1B visas. The Trump administration's decision halted the permanent residency process for employees of major companies like Infosys and TCS. This move has significantly impacted the careers and futures of many Indian families in the US.

News18 Hindi·

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Politics

West Bengal CM Shubhendu warns against cow slaughter, conversion, love jihad

West Bengal Chief Minister Shubhendu Adhikari warned on Thursday against cow slaughter, religious conversion, and alleged 'love jihad' and 'land jihad' in the state. Speaking at a government event in Malda, a Muslim-majority district bordering Bangladesh, he vowed strict action if such incidents recur during his tenure. He cited 2023 incidents in Kaliachak-1 and Mothabari blocks and pledged to prevent communal violence.

Amar Ujala··Malda

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Politics

US Suspends Tech Firms from H-1B Visa Program Amid Abuse Claims

The Trump administration has suspended major tech companies, including Microsoft and Adobe, from applying for permanent residency for foreign workers due to alleged abuse of the H-1B visa program. US Vice President JD Vance accused Microsoft of replacing laid-off American workers with foreign workers. Labor Secretary Keith Sonderling revealed that nearly 3 million foreign workers were requested by these companies.

Economic Times·

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