- Accenture sets ₹2,700 per employee monthly limit on Claude AI usage after some rack up bills of over ₹94,000 October 16, 2026The new arrangement means employees on the standard plan will have to work within the allocated budget or seek additional funding to continue using the tool beyond the prescribed limit.
- Urban Company prioritizes InstaHelp growth as losses widen October 16, 2026Revenue rose 41.4% in the September quarter, but InstaHelp’s ₹174 crore adjusted Ebitda loss dragged down overall profitability as the company pursued expansion and prepared a ₹2,500 crore fundraise.
- RBI approves merger of Emirates NBD’s India branches with RBL Bank from 1 December October 16, 2026The move consolidates the Dubai-based lender’s Indian operations with RBL Bank after its over ₹26,000-crore acquisition of a 60% stake, as the private lender plans to expand branches and deepen its corporate and wealth businesses.
- Chandrasekaran, P.B. Balaji to join Iveco board as Tata deal reaches final stage October 16, 2026While N. Chandrasekaran will join as Iveco’s chairperson, P.B. Balaji and Girish Wagh Wagh will join as non-independent directors.
- Tally Solutions to rebuild 40-year-old accounting software for AI era. Will customers embrace the change? MD reveals October 16, 2026Tally Solutions plans to rebuild the core architecture of its 40-year-old accounting software to keep pace with AI, which its managing director says is essential for survival. Its AI product, TallyIra, automates document processing but keeps users in the loop to check entries.
- White House lists investment over $330 billion in US from India October 16, 2026The White House announced investments of over $330 billion from India as part of total investments. This total is reported as $10.871 trillion from various countries and private industries. Specific investments included $310 billion and $20.5 billion, plus a $15 billion steel plant by Essar Group. US President Donald Trump previously mentioned Reliance Indus […]
- Nirmala Sitharaman pitches for public, private capital to build financially sustainable cities October 16, 2026Finance Minister Nirmala Sitharaman highlighted the importance of creating sustainably investable cities in India. She proposed a combination of public investment alongside private capital to achieve these goals. Various urban development initiatives have been established to support this approach effectively. The Urban Challenge Fund aims to improve municipa […]
- China says ready to address each other's concerns after Sitharaman flags trade barriers October 16, 2026China said it was ready to work with India to allay its concerns of rising trade imbalance. Finance Minister Nirmala Sitharaman said the trade imbalance was due to China's restrictions in market access to Indian goods and services. She said that India has not resorted to punitive tariffs to reign in large trade imbalances and prefers negotiations despit […]
- National highway projects awarded rise 62.9% during April-Sept: MoSPI October 16, 2026National highway projects awarded experienced a 62.9% increase in distance during the April-September period. Electronic toll collection transactions also rose significantly, indicating increased digital use. Air cargo movement increased by 12%, and foreign tourist arrivals grew as well. The telecommunications sector expanded, adding over 29,000 kilometers o […]
- India's forex reserves shed $60 billion in six weeks as RBI steps in to support rupee, one of Asia's worst-performing currencies this year October 16, 2026India’s foreign exchange reserves declined by nearly $60 billion in six weeks to $726.027 billion as of October 9, from a record high of $785.706 billion on September 4. The fall was largely attributed to the Reserve Bank of India’s intervention to support the rupee amid rising crude oil prices, higher US yields and sustained foreign investor outflows. Forei […]
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