KPIT Tech plunges 24% in 3 months as auto demand weakens

Economic Times - Sep 30, 2026

KPIT Technologies faces a substantial 24% decline in stock value, predominantly due to obstacles in the automotive sector. The company's net profit has notably decreased, attributed to project delays and financial cutbacks. Although management forecasts a rebound in the latter half of the year, the September quarter might reflect ongoing weaknesses.

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Asian Games 2026: Indian women's compound archery team sets gold medal clash with China
Sep 30, 2026
Asian Games 2026: Indian women's compound archery team sets gold medal clash with China

The Indian women's compound archery team successfully defeated South Korea in a thrilling semifinal match. India won by a narrow margin of 235-233, demonstrating impressive skill and teamwork throughout the competition. Prithika, Jyothi, and Chikitha were instrumental in securing the victory with multiple perfect scores. Despite pressure from the South Korean team, India maintained their composure and seized the lead in critical moments.

US to factor trade-deal tariff caps into new duties on excess capacity
Sep 30, 2026
US to factor trade-deal tariff caps into new duties on excess capacity

US Trade Representative Jamieson Greer emphasized the administration's focus on tariff caps during ongoing investigations. Excess industrial capacity, especially in China, remains a key concern for the US government. Greer indicated that trade agreements play a significant role in managing these issues effectively. The Group of 20 is also addressing China's production policies and seeking reforms through collaboration.

US-China trade truce remains ‘fragile’ after Xi-Trump summit, analysts say
Sep 30, 2026
US-China trade truce remains ‘fragile’ after Xi-Trump summit, analysts say

The two-month extension of the US-China trade truce remains fragile despite last week’s summit between Presidents Donald Trump and Xi Jinping, with modest economic concessions leaving deeper disputes unresolved, Asia Society Policy Institute analysts said on Tuesday. “In my view, this truce is very fragile,” said Wendy Cutler, an Asia Society Policy Institute vice-president and former acting deputy US trade representative. “I think they’re testing each other.” Xi’s three-day state visit to...

India flags US sanctions law concerns over bilateral ties, energy market
Sep 30, 2026
India flags US sanctions law concerns over bilateral ties, energy market

Foreign Secretary Vikram Misri met a US Congressional delegation led by Brian Mast in New Delhi. Misri conveyed concerns regarding the implications of the Sanctioning Russia and Iran Act on bilateral relations. The Act permits high tariffs on countries purchasing Russian oil, affecting India directly. The next India-Russia summit will be held in Russia, with details to be updated later.

India flags US sanctions law concerns over bilateral ties, energy market
Sep 30, 2026
India flags US sanctions law concerns over bilateral ties, energy market

Foreign Secretary Vikram Misri met a US Congressional delegation led by Brian Mast in New Delhi. Misri conveyed concerns regarding the implications of the Sanctioning Russia and Iran Act on bilateral relations. The Act permits high tariffs on countries purchasing Russian oil, affecting India directly. The next India-Russia summit will be held in Russia, with details to be updated later.

Manchester City’s Premier League glory under scrutiny as landmark financial case delivers guilty verdict
Sep 30, 2026
Manchester City’s Premier League glory under scrutiny as landmark financial case delivers guilty verdict

Manchester City has been found guilty of numerous financial violations spanning from 2009 to 2018. The Premier League's independent commission determined that City evaded financial regulations to inflate revenues and reduce costs. City expressed disappointment over the verdict and intends to appeal against the decision soon. This ruling may invite lawsuits from rival clubs seeking compensation for the alleged financial misconduct.

Ford CEO Jim Farley strikes cautious note on Chinese automakers, says Europe is 'too late'
Sep 30, 2026
Ford CEO Jim Farley strikes cautious note on Chinese automakers, says Europe is 'too late'

Ford's CEO Jim Farley urged careful consideration of how Chinese automakers enter the US market and warned against potential negative impacts. He cited Europe's experience as a cautionary example, indicating that it's already problematic there. Although Ford seeks partnerships with some Chinese companies for capital efficiency, it also plans to compete against them directly.

Taemin postpones North American leg of his world tour over US visa issues: What we know about new dates and refunds
Sep 30, 2026
Taemin postpones North American leg of his world tour over US visa issues: What we know about new dates and refunds

Popular South Korean artist Taemin has made the difficult choice to delay the North American segment of his World Tour. This postponement arises from complications related to visa processes that are impacting vital production and touring team members. Originally set for October in various U.S. cities, fans will be kept updated on rescheduling and refund protocols as they emerge.

Sensex falls over 20% in dollar terms in 2026 as weak sentiment, rupee drag returns
Sep 30, 2026
Sensex falls over 20% in dollar terms in 2026 as weak sentiment, rupee drag returns

The benchmark Sensex and Nifty have both experienced significant declines in dollar terms this year. Foreign investors have been less interested in Indian equities due to various global factors. The rupee's depreciation has further amplified losses for overseas investors converting Indian investments. Despite the downturn, strong domestic mutual fund inflows have offset foreign portfolio outflows effectively. India's stock market faces challenges in maintaining investor sentiment amidst changing market dynamics.

‘Hold the status quo’? US Congress reviews Xi-Trump summit outcomes
Sep 30, 2026
‘Hold the status quo’? US Congress reviews Xi-Trump summit outcomes

Chinese President Xi Jinping’s three-day state visit to Washington is over, but China watchers in Congress and the US-China policy community are still parsing a wide range of outcomes, with two more leadership summits expected before the end of the year. The talks between Xi and US President Donald Trump produced a series of joint announcements, including an extension of the US-China trade truce, investment commitments, an agreement to continue an AI dialogue and high-level engagement, as well...

Investing in major AI stocks at Wall Street? Factors to watch out before hitting Buy option
Sep 30, 2026
Investing in major AI stocks at Wall Street? Factors to watch out before hitting Buy option

AI borrowing and investing continues. Hyperscalers have issued around $250 billion of debt this year, and that total is expected to rise sharply next year, even as the cost of doing so also keeps increasing.

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