Adhir Ranjan Chowdhury has appealed to Mamata Banerjee to return to Congress with her remaining MLAs and MPs. This proposal comes as the Trinamool Congress faces significant organizational challenges following its recent electoral defeat. Chowdhury highlighted the diminishing status of the TMC and emphasized the party's readiness to accept Banerjee's leadership in Bengal. While TMC officials acknowledged the appeal, they stated any formal discussion would require a proposal from Congress.
A Rajkot vegetable vendor has been arrested after police allegedly found counterfeit Rs 100 and Rs 500 notes along with equipment used to produce them at his home. Investigators said Kishan Solanki learned the process after seeing an Instagram reel and later communicating with a trainer on Telegram. Police allege he circulated around 40 fake Rs 100 notes through small purchases.
On Thursday, the Indian rupee declined to a two-month low against the US dollar due to foreign portfolio outflows. Overseas investors sold off investments amid rising US bond yields and dollar demand. The rupee surpassed the 96-level twice in three days, indicating intense market pressure. Custodian banks continued purchasing dollars, which also pointed to ongoing foreign outflows.
Authorities informed the Delhi High Court that they rejected a request to hold a protest against the E20 ethanol blending policy at Jantar Mantar, citing the law-and-order situation in the area. A writ petition was also filed challenging the rejection, which sought to quash the administrative decision by which their applications to hold the protests were not granted and have also sought a direction from the authorities to permit the proposed demonstration at Jantar Mantar on October 2, subject to reasonable conditions relating to the number of participants and safety parameters.
Infosys and Wipro ADRs rallied in US premarket trading after Accenture forecast stronger-than-expected annual revenue growth. Its upbeat outlook eased concerns over global technology spending, while steady consulting, managed-services and AI demand improved sentiment toward Indian IT exporters.
Indian equities extended their decline as elevated crude oil prices and multi-year high bond yields intensified concerns over the 2026–27 economic outlook. Nifty fell 0.88% and Sensex 0.79%, while broader markets weakened and India VIX climbed sharply.
Accenture anticipates full-year revenue growth between 3% and 6%, exceeding analysts' estimates of 3.9%. In the fourth quarter, Accenture reported revenues of $18.68 billion, which surpassed analysts' projections of $18.03 billion.
Indian households in urban areas are showing a decline in quarterly expenditure while rural spending is increasing. A study indicates urban households’ spending decreased by 4% year-on-year, contrasting with rural households’ 15% growth. Increasing costs are making consumers prioritize essential spending over discretionary purchases, and household perceptions of financial stability have worsened.
