Anthropic has announced that it plans to open its first India office in Bengaluru in early 2026. "This expansion will help us serve India’s rapidly growing AI ecosystem and reflects the increasing international demand we’re seeing for Claude," the Google-backed AI startup said. The company also confirmed that Anthropic CEO Dario Amodei will visit India this week.

Indian stock markets opened mildly higher on Wednesday, with Nifty50 at 25,079.75 and Sensex at 81,899.51, driven by institutional buying and festive-season demand. Experts expect range-bound movement ahead of quarterly earnings starting October 9. Banking, IT, auto, and FMCG sectors remain in focus, while India's strong macroeconomic fundamentals continue to attract investors.

Indian equity markets began Wednesday's session on a positive note, with the Nifty 50 holding firm above the 25,100 mark. Gains in consumer durables and PSU banks lent support, while FMCG and IT stocks saw mild selling. Titan stood out with a 3% jump after strong Q2 numbers, even as Tata Motors slipped following a sharp drop in JLR sales.

Fabtech Technologies Cleanrooms Limited secured a Letter of Intent (LOI) valued at ₹68,00,09,000. This large order, one of the company's biggest, is for supplying and installing Modular Cleanroom Partition Systems and accessories for a domestic Solar PV module manufacturing company. The contract is expected to be completed by March 31, 2026.

SEBI-registered analyst Financial Sarthis has identified four stocks that are showing signs of a potential breakout or breakdown based on their technical setups. While IGL and Federal Bank appear poised for upward momentum, Jindal Steel and KFin Tech could face near-term weakness if key support levels are breached, according to the analyst's chart readings.

Tesla shares rose nearly 1% in after-hours trading on Tuesday after the company launched lower-priced Model 3 and Y variants. Wedbush reaffirmed its Outperform rating and $600 price target, calling the move a step toward an AI-driven valuation, while Deepwater and Future Fund offered sharply contrasting takes.

Dilip Buildcon and APMPL joint venture got an LOA for a 100 MW Solar PV Power Project from MPJNM. The domestic contract is for 25 years, supplying power at ₹2.09 per/unit. Construction on the 315 acres of land in Mandsaur has a 24 months period. MPJNM holds a 26% equity share, infusing ₹31.20 crore as part of the captive arrangement.

A CCI survey found that 67% of Indian AI startups are focused on developing AI-based applications, mostly using open-source technologies. The report highlights AI's growing role in sectors like banking, healthcare, and retail, driving efficiency and innovation. Experts warn that companies ignoring AI adoption risk losing competitiveness in an increasingly AI-driven economy.

Gold prices have risen over 60% this year, Moneycontrol reported. This reflects deep global shifts in monetary policy, currency movements, and risk sentiment. The persistent global tensions, including Russia‑Ukraine war and unrest in Middle East, are pushing investors toward perceived safety of gold. The US government shutdown added further uncertainty to financial markets, driving prices higher.

Gold prices hit a fresh all-time high on Wednesday, breaching the ₹1.22 lakh/10 gram-mark for the first time as the yellow metal continues its record rally. MCX gold futures with December expiry surged to a peak of ₹1,22,735/10 gram. Notably, gold spot prices $4,000 (about ₹3.55 lakh)/ounce for the first time ever on Tuesday, as per World Gold Council data.

Tata Consultancy Services cancelled its scheduled press conference for its second-quarter FY26 earnings results, which was initially slated for October 9, according to a report by NDTV Profit. The company said the cancellation was due to the date coinciding with the death anniversary of Ratan Tata, ex-Chairman of Tata Sons. Ratan Tata passed away aged 86 in Mumbai last year.

Indian Oil Corporation Limited (IOCL), state-owned refiner, recently made payments in Chinese currency yuan for the purchase of two to three cargoes of Russian oil, Reuters reported citing people familiar with the matter. Russian oil traders have reportedly started asking Indian state refiners to pay in the Chinese currency, following the improvement in relations between India and China.

UK Prime Minister Keir Starmer has arrived in India along with 125-strong delegation. "125 UK CEOs, entrepreneurs, university Vice Chancellors and cultural leaders are travelling with the Prime Minister on a two-day trade mission to Mumbai," UK government said. The delegation marks the largest ever UK government trade mission to India.

Scotch whisky is in focus as British PM Keir Starmer began his two-day visit to India. The liquor industry is being billed as a major beneficiary of India-UK Free Trade Agreement (FTA). Under the FTA, India will reduce import tariffs on Scotch whisky. Starmer is accompanied by members of Scotch Whisky Association (SWA) to explore potential whisky sales to India.

Asian stocks tracked Wall Street lower on Wednesday as investors grappled with the fallout from political drama in France and Japan, while a prolonged US government shutdown catapulted gold spot prices to a record $4,000 per ounce level. Japan's Nikkei rose 0.35% and the yen weakened to 152.33 per US dollar, trading at its lowest level since mid-February.

The Indian rupee may inch towards record low at the open on Wednesday, bogged down by the dollar index's rally to a six-week high and weakness in Asia, prompting bets on another round of central bank intervention. The 1-month non-deliverable forward indicated the rupee will open in the 88.78-88.82 range versus the US dollar, compared with Tuesday's close of 88.7725.

Oil prices edged higher in early trade on Wednesday as markets started to brush off oversupply fear for the time being, having digested a decision by OPEC+ to restrain November production increases. Brent crude futures was up 40 cents, or 0.6%, to $65.85 a barrel. US West Texas Intermediate crude climbed 44 cents, or 0.7%, to $62.17.

The US dollar rose to its strongest in more than two months in early Asian trading on Wednesday as risks around the US government shutdown intensified, sparking fresh investor worries and boosting demand for safe-haven assets. Dollar index hits highest since Aug 5 on Trump's firing threat.

Shares of Nila Infrastructures surged up to 7% after securing a ₹105.02 crore order from Ahmedabad Municipal Corporation. The project, under the Slum Rehabilitation and Redevelopment Policy and Pradhanmantri Awas Yojana on a PPP basis, involves building 728 housing units and 25 commercial shops, boosting investor confidence.

Deep Diamond India Limited, manufacturing gold and diamond jewellery and diversified into pharmaceuticals, skyrocketed 16% reaching an intraday high of ₹6.70. After reporting Q2 FY26 results with 2,133% quarter-on-quarter revenue growth to ₹3.35 crore and 4,117% net profit surge to ₹2.53 crore.

A Redditor shared a WhatsApp screenshot purportedly showing an Indian company's management demanding a contribution of ₹1,200 from staffers and ₹2,000 from managers for a mandatory Diwali party, saying, "This is embarrassing for a company." The post sparked outrage with users saying, "As toxic as it can get" and "How is...booze on the house, if they are taking contributions?"

Following a 45-minute meeting at Union Minister Amit Shah's home, the central government has given a firm message to Tata Group leadership to 'do what it takes' to restore stability at Tata Trusts, Economic Times reported. They were also reportedly told to ensure Tata Trusts' standoff doesn't "spill over" to affect one of India's most valuable business conglomerate Tata Sons.

Google will invest $10 billion (₹88,760 crore) to establish a data centre cluster of 1 GW capacity in Andhra Pradesh's Visakhapatnam, Economic Times reported. The facility is expected to have three data centres near Vizag. A formal agreement will likely take place in New Delhi on October 14 between Google and Andhra Pradesh IT minister Nara Lokesh.

India’s upcoming base year revisions for Gross Domestic Product and Consumer Price Index will expand the base and coverage of sectors, MoSPI Secretary Saurabh Garg said. The CPI basket size will increase to over 350 items, with e-commerce to be included for the first time, he added. National accounts and GDP series will draw from new data sources, he said.

Reserve Bank of India on Tuesday proposed to replace the incurred-loss-based provisioning framework with an expected credit loss (ECL)-based provisioning. The move aims to strengthen credit risk management practices and to align domestic regulations with global norms. The RBI also proposed including "transactors", or credit card users who repay dues on time, in the regulatory retail category.