India’s Commerce and Industry Minister, Piyush Goyal, has emphasized that artificial intelligence (AI) should be seen as a catalyst for job creation rather than a threat to employment. Speaking on the country’s digital transformation, Goyal highlighted that AI-driven innovation has the potential to open new industries, enhance productivity, and generate opportunities across sectors.

Glenmark Pharmaceuticals has expanded its oncology portfolio in the United States with the launch of a cost-effective generic version of a cancer therapy. The move reflects the company’s continued focus on strengthening its presence in high-value therapeutic categories while addressing the rising demand for accessible cancer treatments. By entering the U.S. market with this drug, Glenmark not only enhances its revenue potential but also underscores its commitment to advancing affordable healthcare solutions.

Tata Consultancy Services (TCS), India’s largest IT services firm, has rolled out annual salary hikes in the range of 4.5% to 7% for the majority of its employees, signaling its intent to retain top talent despite ongoing global uncertainties in the technology sector. The move underscores TCS’s strategy to balance employee morale with operational efficiency at a time when IT firms face pressure from margin compression, sluggish client spending, and a competitive hiring landscape.

Crude oil futures advanced in domestic markets, buoyed by robust demand in the spot segment and steady buying interest from traders. The rally comes amid a combination of improved consumption patterns, tightening global supplies, and firming energy prices. Market participants highlighted that active purchases from refiners and traders, coupled with supportive international cues, underpinned the bullish trend. Analysts suggest that while near-term sentiment remains optimistic, volatility cannot be ruled out given fluctuations in global benchmarks and supply dynamics.

Godrej Agrovet Ltd., a leading diversified agribusiness company, has appointed Sunil Kataria as its new Chief Executive Officer, marking a strategic leadership shift aimed at accelerating growth and strengthening its market presence. Kataria, a seasoned professional with extensive experience across consumer goods and agribusiness segments, is expected to guide the company through its next phase of transformation, innovation, and expansion.

India’s Commerce and Industry Minister, Piyush Goyal, has indicated that relations between New Delhi and Beijing are gradually moving toward normalization, a development that carries significant geopolitical and economic implications. Speaking at a recent interaction, Goyal emphasized the importance of constructive engagement between the two Asian powers, noting that bilateral trade continues to expand despite earlier disruptions.

The Ministry of Finance is set to commence the preparatory exercise for the Union Budget of FY27 on October 9, marking the start of a crucial process that will shape India’s fiscal direction for the upcoming year. The budget-making exercise will include consultations with ministries, departments, and key stakeholders to align spending priorities with economic realities.

The Goods and Services Tax (GST) Council, in its latest deliberations, introduced a series of tax rationalisations aimed at easing the burden on consumers. The key highlights included reductions in GST rates on essential commodities and daily-use household items, signaling a pro-consumer approach while balancing fiscal considerations. By re-aligning tax slabs on necessities, the council has attempted to address inflationary pressures, improve affordability, and sustain consumption momentum in the domestic economy.

Rajinikanth’s latest release, Coolie, has emerged as a powerhouse at the box office, raking in more than Rs. 275 crore globally. The film, which blends high-octane action with the superstar’s trademark charisma, has not only delighted his loyal fan base but also reaffirmed his enduring dominance in Indian cinema. Industry analysts highlight that Coolie’s performance underscores the commercial viability of star-driven films even in a competitive market dominated by pan-India productions and younger actors.

Bharat Heavy Electricals Ltd. (BHEL), the state-owned engineering and manufacturing enterprise, has been fined by both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) for non-compliance with key regulatory requirements. The penalties highlight ongoing challenges around corporate governance and timely disclosure standards in India’s capital markets. Exchanges have increased scrutiny of listed entities to ensure adherence to listing obligations, reinforcing investor confidence and market transparency.