JD Vance calls Indian workers ‘indentured servants’: What the term means and its history

Economic Times - Oct 9, 2026

JD Vance’s use of the term “indentured servants” while discussing foreign workers has brought attention to a colonial-era labour system. Indentured servitude bound people to work for a fixed period in exchange for food, shelter and sometimes freedom dues. The system differed from slavery, which involved forced labour without the same time-limited contractual terms.

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TCS shares surge 4% post-results; analysts split on outlook
Oct 9, 2026
TCS shares surge 4% post-results; analysts split on outlook

The move brings some relief to investors who have seen TCS shares decline sharply over the past year

Bonfiglioli eyes ₹2,500-crore IPO as India arm powers 31% of group EBITDA
Oct 9, 2026
Bonfiglioli eyes ₹2,500-crore IPO as India arm powers 31% of group EBITDA

For investors, the opportunity extends beyond its established industrial operations to new growth avenues in heavy-duty gearboxes, infrastructure equipment and electric mobility

Airtel Money lists on London Stock Exchange at $7 billion valuation
Oct 9, 2026
Airtel Money lists on London Stock Exchange at $7 billion valuation

Conditional dealings commenced on October 9, 2026, while admission to the Official List and the start of unconditional trading are expected on October 14

MEA criticises US tech visa crackdown
Oct 9, 2026
MEA criticises US tech visa crackdown

The administrative freeze targets Indian IT companies TCS, Infosys, Wipro, HCL Technologies, and Cognizant, alongside Capgemini, Microsoft, and Adobe

SC tells govt to reconsider Delhi Metro, roads closures: ‘Don’t use a hammer to kill a fly’
Oct 9, 2026
SC tells govt to reconsider Delhi Metro, roads closures: ‘Don’t use a hammer to kill a fly’

The Supreme Court has expressed concerns regarding the proposed closure of Delhi Metro entry gates. It emphasized the challenges faced by commuters from the National Capital Region traveling to Delhi. The court recognized the need for regulating movement to maintain public order. However, it advised against implementing measures that could entirely disrupt transportation. The need for corrective steps by the government was highlighted to avoid inconvenience for many travelers.

SC tells govt to reconsider Delhi Metro, roads closures: ‘Don’t use a hammer to kill a fly’
Oct 9, 2026
SC tells govt to reconsider Delhi Metro, roads closures: ‘Don’t use a hammer to kill a fly’

The Supreme Court has expressed concerns regarding the proposed closure of Delhi Metro entry gates. It emphasized the challenges faced by commuters from the National Capital Region traveling to Delhi. The court recognized the need for regulating movement to maintain public order. However, it advised against implementing measures that could entirely disrupt transportation. The need for corrective steps by the government was highlighted to avoid inconvenience for many travelers.

Global Market: European companies set for 21% Q3 earnings growth, led by energy firms
Oct 9, 2026
Global Market: European companies set for 21% Q3 earnings growth, led by energy firms

European companies are expected to post 21% third-quarter earnings growth, led by energy firms benefiting from supply disruptions. However, excluding energy, growth is forecast at 9.7%, while real estate earnings are projected to fall sharply.

Gold price today: Gold rate becomes cheaper for certain buyers. Here's how
Oct 9, 2026
Gold price today: Gold rate becomes cheaper for certain buyers. Here's how

Gold rate rose more than 1 per cent on Friday, helped by a softer US dollar and lower oil prices. However, for some buyers, gold price has become affordable.

World economic growth to slow to 2.6% in 2026, UN trade body says
Oct 9, 2026
World economic growth to slow to 2.6% in 2026, UN trade body says

Global economic growth is projected to slow to 2.6% in 2026 amid energy shocks from the Middle East crisis. Trade in goods and services is expected to expand by 4% driven by higher energy prices. Asia is forecasted to contribute 59% of global growth, with India at 7.3% and China at 4.5 %. The International Monetary Fund has set a 3% growth forecast, citing various risks.

Why are US stocks rallying despite Fed rate shock? Aswath Damodaran explains in the context of AI
Oct 9, 2026
Why are US stocks rallying despite Fed rate shock? Aswath Damodaran explains in the context of AI

US stocks have defied a sharp rise in Treasury yields as AI-led earnings growth offsets pressure from higher interest rates, says valuation expert Aswath Damodaran. However, with equity risk premiums falling below 4%, he warns that the rally hinges on whether AI investments can deliver the profits investors expect, raising the risk of a sharp market correction.

Zetwerk said to plan up to $525 mn India IPO next week
Oct 9, 2026
Zetwerk said to plan up to $525 mn India IPO next week

Zetwerk is preparing to launch an IPO as early as October 15, seeking to raise up to $525 million at a targeted valuation of $2.8 billion. The offering will include a fresh issue and a secondary sale by existing shareholders.

Silver price rises to ₹2.24 lakh per kg in futures trade
Oct 9, 2026
Silver price rises to ₹2.24 lakh per kg in futures trade

Fresh positions built by participants led to a rise in silver prices, analysts say

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