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Business

Nifty Nears 52-Week Low Amid RBI Rate Hike and Market Selloff

The Nifty 50 index dropped below 22,200 on Thursday, nearing its 52-week low of 22,183 amid rising oil prices, persistent foreign institutional investor selling, and other challenges. It fell over 400 points (1.8%) intraday, down 16% from its January peak. The RBI's first rate hike in four years and shift to 'calibrated tightening' amid global geopolitical tensions contributed to the downturn. Analysts see support levels at 22,500 and warn of further weakness.

ET Markets·

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Business

AI May Replace Middle Managers, Reshape Corporate Roles

Artificial intelligence could disrupt traditional corporate hierarchies by enabling fresh graduates to perform tasks previously requiring years of experience. Kevin Sneader of Goldman Sachs Asia-Pacific said AI might shift management duties closer to frontline employees, with young workers supervising AI agents early in their careers. This change could alter promotion paths and experience-building in sectors like banking and professional services.

Economic Times··Singapore

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Entertainment

Nana Patekar's Death Moves India and Noida Residents

Veteran actor Nana Patekar's death has deeply saddened not only his family but also the people of India. Known for his impactful roles and distinctive voice, he left a lasting impression on audiences. Residents of Noida have also expressed their grief over his passing, reflecting the widespread mourning across the country.

News18Hi Entertainment··Noida

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Politics

Pakistan Claims Global War on Terror at UN Meeting

Interior Minister Mohsin Naqvi told UN Secretary-General António Guterres in Islamabad that Pakistan is engaged in a global war against terrorism. The meeting occurred on Guterres’s final visit day before his term ends in December. Naqvi and Minister of State Talal Chaudhry framed Pakistan’s internal security and border counter-terrorism efforts as contributions to international stability amid rising domestic militant violence.

News18 World··Islamabad

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Business

TCS Q2 Net Profit Rises 15% to ₹13,884 Crore; AI Revenue Hits $3.1 Billion

Tata Consultancy Services (TCS) reported a 15% year-on-year increase in consolidated net profit to ₹13,884 crore for Q2 ending September 30, 2026. Revenue grew 11.2% YoY to ₹73,188 crore. AI revenue crossed $3.1 billion, over 10% of total revenue. Total contract value was $9.6 billion. The board approved a ₹12 dividend per share, up from ₹11 last year.

Hindu Business··Mumbai

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Technology

Infinix GT 50 Pro Gaming Phone Launching in India This October

Infinix is launching its new GT 50 Pro smartphone in India this October, focusing on gaming features. The company has started an online campaign with a clicking game to reveal the launch date and reward users with points redeemable for purchases. The GT 50 Pro highlights include a HydroFlow liquid cooling system designed to enhance gaming performance. The launch date announcement is imminent as the campaign progress nears completion.

News18 Tech·

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