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BusinessUS luxury spending fell for the third consecutive month in September, with a 6% year-on-year decline in luxury credit card purchases, following 4% drops in July and August, according to Citi data. This trend reflects growing caution among wealthy American shoppers amid economic concerns ahead of the November 3 midterm elections. Luxury brands rely on US demand to offset weakness in other markets.
Mint·
BusinessArtificial 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
EntertainmentVeteran 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
PoliticsInterior 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
BusinessTata 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
TechnologyInfinix 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·
Mint·
US luxury spending fell for the third consecutive month in September, with a 6% year-on-year decline in luxury credit card purchases, following 4% drops in July and August, according to Citi data. This trend reflects growing caution among wealthy American shoppers amid economic concerns ahead of the November 3 midterm elections. Luxury brands rely on US demand to offset weakness in other markets.
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