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BusinessPhoto: HT Business

Sebi Proposes LTCG Tax Rollback, RIL Shares Rally Boosts Markets

Reliance Industries shares surged with the biggest intraday rise since April 2020, as optimism grew over Sebi's proposal to scrap long-term capital gains (LTCG) tax for foreign investors. Sebi also suggested LTCG exemption for mutual fund investors reinvesting proceeds. Experts say tax changes help but foreign capital inflows depend on earnings growth, valuations, and currency stability.

HT Business·

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SciencePhoto: Aaj Tak

Cyclone Murasu Hits Andhra Pradesh Coast with 120 km/h Winds

Cyclone Murasu made landfall near Ongole early Wednesday morning, bringing winds of 110 to 120 km/h and heavy rainfall to Andhra Pradesh's coastal areas. Storm surges of 1 to 1.5 meters height have raised flood risks in low-lying areas of Bapatla, Krishna, and Prakasam districts. The cyclone is expected to cause more intense rain for the next two hours.

Aaj Tak··Ongole

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BusinessPhoto: Hindu Business

Darius Khambata Says Chandra’s Reappointment Tarnishes Tata Sons’ Image

Darius Khambata, outgoing Tata Trusts board member, stated that the reappointment of Chandra has damaged Tata Sons’ reputation and harmed the image of corporate India. He referred to the events of September 17, 2026, as a day that will live in infamy, emphasizing that no amount of spin can hide what occurred.

Hindu Business·

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BusinessPhoto: Mint

KPMG India CEO Urges Trade Diversification to Sustain Growth

KPMG India CEO Yezdi Nagporewalla emphasized the need for India to sustain its economic growth by diversifying trade and economic strengths amid geopolitical shifts. He pointed out opportunities in manufacturing, semiconductors, and data centres as key areas for development to enhance India's resilience in global trade and supply chains.

Mint·

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TechnologyPhoto: NDTV World

Cyberattack Disrupts Supermarket Fridges in 9 European Countries

Supermarkets across Belgium, Estonia, Finland, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Sweden experienced refrigeration failures due to a cyberattack. The temperature rise overnight forced some retailers to discard food, impacting the supply chain and causing losses. Authorities are investigating the incident affecting multiple countries simultaneously.

NDTV World·

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BusinessPhoto: Firstpost Business

Apple Beats Earnings Estimates but Shares Fall Amid Cost Concerns

Apple exceeded revenue and earnings expectations in its September quarter, led by strong iPhone and Mac sales. However, rising memory-chip costs and a slower forecast for services growth have caused investor concerns, leading to a drop in its share price despite the positive earnings report under new CEO John Ternus.

Firstpost Business·

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