Attorney General of India R. Venkataramani grants CONSENT for CRIMINAL CONTEMPT proceedings against Journalist Nikhil Wagle & Shiv Sena (UBT) MP Sanjay Raut over their remarks targeting CJI Surya Kant.

#Judiciary

In a boost to the Indian Air Force’s (IAF) communications capabilities, the #Defence Ministry on Thursday signed a Rs 2,563-crore contract with NewSpace India Limited (NSIL), Bengaluru, for the acquisition of GSAT-7C, the IAF’s first dedicated communications satellite. #Space

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Major Indian mutual fund houses have suspended fresh lump-sum subscriptions, switch-ins, and new SIPs in Gold and Silver ETFs and Fund of Funds (FoFs) effective October 16, 2026, following a regulatory directive from SEBI amid rising import volumes.

Industry sources confirm that existing SIPs, STPs, and redemptions remain completely unaffected and will continue to process as normal. #Policy

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💊🇧🇪 Mankind Pharma to acquire 70% stake in Belgian biotech Armed Cell Therapeutics (ACTx) for €48M (~₹511 cr) via Netherlands subsidiary — marks entry into next-gen CAR-T cancer therapies. Deal gives access to armed CAR-T platform targeting non-Hodgkin lymphoma & small-cell lung cancer, with in-vivo production tech to tackle relapse & solid tumours. #Medicine #Health

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Tesla releases a new car called Tesla Roadster.

It can stick to 180° surfaces and can even fly.

Straight out of a sci-fi movie. #InternationalNews

More stunts by Tesla Roadster. The thruster technology has been integrated directly from SpaceX.
This prototype can reach 0-100 KM/h in 0.81 secs and the production model will be even faster. #InternationalNews #EV

Indian brands including Ai+, Lava, Karbonn and Micromax enter the sub-₹20,000 smartphone segment as global players cut exposure amid higher memory chip costs. Memory accounts for around 40% of bill of materials. Lava’s entry-level 5G price rose from ₹7,999 to ₹14,499 while its sales more than doubled this fiscal.

#tech #electronics

Hyundai commits ₹1.48 trillion (2026-32), Suzuki ₹77,500 crore and Stellantis ₹4,000 crore more in India. Stellantis launches 12 models from Q2 2027 for export to over 50 countries. India PV sales hit 4.64 mn in FY26 (+7.9%) and 2.63 mn in Apr-Sep FY27 (+28%).

#automobile #tech

Jindal Ferrous commissions its first ₹5,000 crore, 2.2 mtpa integrated carbon steel plant at Jajpur, Odisha. The plant includes a sinter plant and BOF, inaugurated by CM Mohan Charan Majhi. Jindal Stainless capacity at the site rose from 0.8 mt to 2.2 mt.

https://www.business-standard.com/amp/industry/news/jindal-ferrous-expands-odisha-footprint-with-5-000-cr-carbon-steel-plant-126101501182_1.html

#tech #infra

India’s net direct tax collections rose 13.21% to Rs 13.38 lakh crore as of Oct 14 FY27. Gross collections increased 14.89% to Rs 16.03 lakh crore while refunds rose 24.22% to Rs 2.65 lakh crore. Net corporate tax reached Rs 5.99 lakh crore and STT Rs 46,840 crore.

#taxation #economy

Stellantis will invest an additional ₹4,000 crore in India over three years and launch 12 new or upgraded vehicles across Jeep and Citroën. First launch is set for Q2 2027. Cumulative India commitment reaches nearly ₹15,000 crore after the company retailed 11,708 cars (0.25% share) in FY26.

#Tech #Automobile

India’s hospitality sector plans to add 161,074 branded hotel rooms over the next five years, with nearly 117,000 in active development. The pipeline equals about 77% of existing branded inventory and nearly 80% lies outside tier-1 markets. FY26 occupancy held at 68.1% with ADR up 6.4% to ₹8,962.

#hospitality #tourism

ONGOING: Satellite data reveals widespread carbon monoxide (CO) pollution from intense seasonal wildfires across Indonesia, spreading toward Malaysia and Singapore (16/10/2026)

#Environment

⚛️🇮🇳 Samsung Semiconductor India (SSIR) + IISc Bengaluru open #Quantum Research Lab at IISc — CSR-funded facility for qubit characterisation, cryogenic electronics, device reliability, single-photon sources/detectors & 2D-material quantum devices; aims to train national talent pool & boost India's quantum + advanced #semiconductor ecosystem. #Research

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🔋 Premier Energies (85%) and Germany's RCT Group (15%) formed a JV (PESSPL) to build a 12 GWh BESS plant in Seetharampur, Telangana, aiming to supply global commercial and utility markets with a 6 GWh Phase 1 launch in FY28. #MakeinIndia

🏥🇮🇳 Truevis Tech to build ₹500cr medical equipment plant in Haldia, West Bengal:

The state government has allotted 50 acres for the project, making it India's second facility. It will manufacture 1,000+ units annually (imaging, monitoring, and radiotherapy systems), creating 5,000+ jobs to boost Make in India and cut import dependence. #MakeinIndia #Jobs

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🚀 🇮🇳 Kredence is investing ₹100 Crore to establish India’s largest 40,000 MTPA ultra-pure Hydrogen Peroxide facility in Vadodara, Gujarat.

🏭🔬 This specialized plant will purify wet chemicals down to a strict 0.1 ppb level, reducing import reliance for critical wafer cleaning in India's #semiconductor fabs and #solar cell manufacturing lines. 🧪☀️ #MakeinIndia

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🚨 Jammu-based URC #Robotics has unveiled X40, their autonomous floor-cleaning robot for commercial facilities.

It uses LiDAR SLAM and ROS 2 for navigation, with a 550 mm cleaning width, 40 L fresh-water tank and 6-8 hours of runtime. #startups

Reliance Industry has issued its first statement after the recent controversy surrounding it and Star Link which accused Reliance hindering its entry into the market!!

#Telecom

Effective October 16, the Centre has hiked the windfall tax on petrol exports to ₹2.5/litre (from ₹0.5) and slashed the diesel export duty to ₹8.5/litre (from ₹16), while keeping the ATF levy unchanged at ₹10.5/litre.

This fortnightly revision targets refiners with zero impact on domestic retail pump prices. #Policy

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