Canadian Author Anne Carson Wins Nobel Prize in Literature

The 2026 Nobel Prize in Literature is awarded to the Canadian author Anne Carson “for her bold and inventive oeuvre that, in playful dialogue with the classical tradition, has created new forms for contemporary literature.

Anne Carson published a series of notable works in the 1990s. Throughout her entire authorship, Ms. Carson, with a light touch, explores the possibilities of writing, a process by which the literary sketch has become of particular value to her.

Born in 1950 in Toronto, Canada, Ms. Carson published her doctoral thesis in Classics entitled ‘Odi et Amo Ergo Sum’ in 1981 and has, throughout her entire career, combined poetry writing with translation work and teaching at various universities.

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Union Minister Shri Pralhad Joshi inaugurates Windergy India 2026 in Chennai; Outlines Path to 100 GW Wind Capacity by 2030

Union Minister for New and Renewable Energy, Education and Consumer Affairs, Food and Public Distribution, Shri Pralhad Joshi, inaugurated the 8th edition of 'Windergy India 2026' in Chennai on October 8, 2026. This event marks the commencement of the premier global wind energy conference, being held from October 7–9, 2026.

Windergy India 2026 brings together the global wind energy ecosystem on a common platform, featuring participation from around 400 exhibitors representing more than 20 countries, 500 delegates and dedicated country pavilions from Denmark, Germany, and Spain.

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Union Minister Shri Pralhad Joshi inaugurates Windergy India 2026 in Chennai; Outlines Path to 100 GW Wind Capacity by 2030

India’s wind energy sector has demonstrated strong momentum, with the highest-ever annual installation of 6.05 GW achieved in FY2026.

India’s wind sector is entering a new phase of sustained growth. With 59.20 GW of installed capacity as of September 30, 2026, India is firmly on track to cross 100 GW of wind capacity by 2030, laying a strong foundation for global leadership in wind energy production and exports.

Key international and domestic agreements including the IWTMA-BWE Global MoU, the IWTMA-PTB LoI, and the IWTMA-OECD collaboration were announced to drive technological advancement in the Indian wind sector. Additionally, reports titled “Energy Transition in Tamil Nadu” and “Reimagining Contractual Mechanism for Indian Wind Sector” were released during the inaugural ceremony

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State-owned banks raise repo-linked lending rates by 25 bps after RBI move

Following the Reserve Bank of India’s (RBI’s) six-member Monetary Policy Committee (MPC) raising the policy repo rate by 25 basis points (bps) to 5.5 per cent, several domestic banks — including Bank of Baroda (BoB), Punjab National Bank (PNB), Indian Bank, Indian Overseas Bank (IOB), Bank of India (BoI), and RBL Bank — have raised their repo-linked lending rates by a commensurate 25 bps.

This means new loans linked to external benchmarks such as the repo rate will become 25 bps costlier for borrowers. Existing loans linked to external benchmarks will also be repriced upwards by a commensurate 25 bps, typically within 90 days.

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State-owned banks raise repo-linked lending rates by 25 bps after RBI move

While transmission to lending rates is immediate for external benchmark-linked loans, the pass-through to deposit rates is likely to take time, particularly for the existing deposit base, as banks are currently flush with liquidity from foreign currency non-resident bank, or FCNR(B), deposits. However, rates on fresh deposits could harden as short-term money market rates have risen in recent weeks.

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India inflation likely rose to 5.4% in Sep on food, energy costs

India's consumer inflation likely accelerated in September, moving closer to the upper end of the Reserve Bank of India's 2 per cent-6 per cent target range as higher ​energy costs compounded pressure from elevated food prices, a Reuters poll of ​economists showed.

Rising crude oil prices and higher food costs are expected to have pushed inflation ‌higher last month. Brent crude has climbed above $100 a barrel, while a deficient monsoon has driven up food prices. Food and beverages account for about 40 per cent of India's consumer price index basket.

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India inflation likely rose to 5.4% in Sep on food, energy costs

The RBI raised its key repo rate by 25 basis points to 5.50 per cent, its first hike in nearly 4 years, and signalled the possibility of further policy tightening. Consumer inflation, measured by the annual change in the Consumer Price Index (CPI), likely rose to 5.40 per cent in September from 4.82 per cent in August, this would mark the ‌fourth consecutive month that inflation has remained above the RBI's 4 per cent medium-term target and the highest this year under the current series. Core inflation, which strips out volatile components such as food and fuel, was expected ‌to have risen to 4.3 per cent in September. Inflation based on the Wholesale Price Index (WPI) was also expected to edge up to 10.18 per cent ​in September ‌from 9.92 per cent in August

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Citi helps Indian companies raise nearly $16 billion so far in 2026

Citi’s investment banking business has helped Indian companies raise nearly $16 billion through debt and equity markets so far in 2026, as strong deal activity, particularly among technology companies, continues to drive demand for cross-border financing and strategic transactions. The bank has also advised on mergers and acquisitions (M&A) involving Indian companies worth $36 billion during the year so far. The bank has a 7 per cent share of India’s investment banking revenue pool and ranks first among banks. Indian companies have increasingly been looking to expand their international presence and access global capital markets to raise financing for growth, with technology companies accounting for a significant part of the activity.

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GQG Partners entities sell 2.91% stake in ITC for Rs 9,395 cr in block deal

Entities of GQG Partners sold 36.5 crore shares in ITC in a block deal worth Rs.9,395.4 crore on the BSE on Thursday. The shares, amounting to 2.91 per cent of ITC’s total equity, were sold at Rs 257.35 apiece. Alliance Witan PLC also sold 16.11 lakh shares, or a 0.01 per cent stake, worth Rs 41.5 crore in the block deal.

Fidelity Advisor Series VIII – Fidelity Advisor Overseas Fund, ICICI Prudential Mutual Fund, SBI Mutual Fund, Nippon India Mutual Fund and Citigroup Global Markets Singapore Pte were among the large buyers of these shares.

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GQG Partners entities sell 2.91% stake in ITC for Rs 9,395 cr in block deal

GQG Partners Emerging Markets Equity Fund’s stake in ITC fell from 2.11 per cent at the end of June 2025, while Goldman Sachs GQG Partners International Opportunities Fund’s stake in the company had risen in the last quarter from 1.65 per cent as of June 30, 2025, according to data from Screener.

Shares of ITC fell 4.03 per cent to end at Rs 255 . So far this year, the stock is down 29.92 per cent, compared with the benchmark Nifty 50’s decline of 14.97 per cent in 2026.

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ReNew signs MoU with Maharashtra for Rs.70,000 crore green data centre park

ReNew Wind Energy Pvt Ltd, a wholly-owned subsidiary of clean energy company ReNew, signed a memorandum of understanding (MoU) with the Maharashtra government for a proposed Rs.70,000 crore integrated green data centre park in the Mumbai Metropolitan Region (MMR).

The project, with a planned capacity of 750 megawatts (MW), will be developed across locations including Panvel, Khalapur, Taloja and Bhokharpada in Navi Mumbai and the MMR. It is expected to begin operations in 2028.

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ReNew signs MoU with Maharashtra for Rs.70,000 crore green data centre park

The MoU was signed by P Anbalagan, Principal Secretary, Industries, Investment & Services Department, and CEO, Invest Maharashtra, and ReNew’s state head. The agreement provides for facilitation by the state government in obtaining necessary permissions, registrations, approvals, clearances and fiscal incentives in accordance with applicable policies and regulations.

The initiative also aligns with Maharashtra’s ambition to become a $1 trillion economy by 2030 and its focus on high-growth sectors such as Data Centres, Semiconductors and Clean Energy.

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ReNew signs MoU with Maharashtra for Rs.70,000 crore green data centre park

ReNew has a current portfolio of 2.5 gigawatts (GW) of power capacity in Maharashtra, which includes 1.3 GW of commissioned and 376 MW of under-construction wind capacity, and 450 MW of commissioned and 273 MW of under-construction solar capacity. The company has invested around Rs.15,000 crore in the state so far.

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ePlane, Noida International Airport tie up to build eVTOL ecosystem

Ubifly Technologies, which operates as The ePlane Company, has signed a memorandum of understanding (MoU) with Noida International Airport to develop the infrastructure, regulatory framework and operating ecosystem needed for electric vertical take-off and landing (eVTOL) services.The agreement will establish a framework to jointly develop standard operating procedures (SOPs), Vertiport Management Systems and operational processes required to deploy ePlane’s flagship e200X aircraft.

The partnership is aimed at enabling e200X-powered airport-to-airport transit, intra-city travel and emergency air ambulance services across the region.

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ePlane, Noida International Airport tie up to build eVTOL ecosystem

Under the partnership, Yamuna International Airport Pvt Ltd (YIAPL), the concessionaire for Noida International Airport, will allocate space within the airport premises for proof-of-concept trials, vertiports and charging stations.

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US President Trump honours Microsoft CEO Satya Nadella and five other tech leaders with top scientific awards

US President Donald Trump has honoured six of America’s leading technology pioneers, including Indian-origin Microsoft CEO Satya Nadella, with the country’s highest awards for scientific achievement and technological innovation, describing their contributions as central to America’s global leadership.

At the New Golden Age Summit, Trump presented the National Medal of Technology and Innovation to Nadella and Dell Technologies founder Michael Dell. Elon Musk, Google co-founder Sergey Brin, Nvidia CEO Jensen Huang and AMD CEO Lisa Su has received the National Medal of Science.

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US President Trump honours Microsoft CEO Satya Nadella and five other tech leaders with top scientific awards

The ceremony brought together some of the most influential figures in artificial intelligence, semiconductor technology, cloud computing and space exploration. Trump singled out Nadella for transforming Microsoft into a global technology powerhouse and positioning the company at the forefront of artificial intelligence. Trump credited Nadella with developing Microsoft’s cloud computing capabilities and expanding its reach among businesses, students and consumers worldwide.

The award citation recognised Nadella’s leadership in revitalising Microsoft for the cloud computing era and building infrastructure capable of supporting the development and global deployment of advanced artificial intelligence.

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Cabinet approves hike in Rabi minimum support prices for 2027-28 season

The Cabinet Committee on Economic Affairs (CCEA) approved the increase in the Minimum Support Prices (MSP) for all mandated Rabi crops for the marketing season 2027-28, with safflower receiving the biggest increase.

Under the leadership of Prime Minister Shri Narendra Modi, the government has a clear policy decision that farmers should get a profit of at least 50% or more over their average cost of production.

The MSP announced for rabi marketing season 2027-28 carries a margin of 50% to 106% over the all-India weighted average cost of production.

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Cabinet approves hike in Rabi minimum support prices for 2027-28 season

The MSP for safflower was increased by Rs.675 per quintal to Rs.7,215 per quintal, an increase of 10.3% over its level in the previous year. Rapeseed and mustard saw their MSP increase by 6.7% or Rs.413 per quintal to Rs.6,613 per quintal.

The MSP for barley was increased by 6.3% to Rs.2,286 per quintal, masur dal by 5.6% to Rs.7,390 per quintal, gram by 1.4% to Rs.5,958 per quintal, and for wheat by 1% to Rs.2,610 per quintal.

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World Cotton Day | October 7

World Cotton Day is observed annually on October 7, as established by the Food and Agriculture Organization (FAO) and recognized by the United Nations.

This day is celebrated annually on October 7 to highlight the global economic, social, and environmental importance of cotton. The theme for this year is Cotton for Good: Building Prosperity Through Trade, Transformation and Partnership.60 lakh farmers in the country are engaged in cotton cultivation. Small enterprises are linked to the handloom industries that not only operate domestically but also export their products.

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India and Mali commemorate World Cotton Day at United Nations Headquarters in New York

The Permanent Missions of India and Mali to the United Nations jointly organized an event on the theme “Cotton for Sustainability: Livelihoods, Value Addition and Partnership” at the United Nations Headquarters in New York on 7 October 2026, commemorating World Cotton Day. The United Nations General Assembly proclaimed 7 October as World Cotton Day through resolution 75/318.

The observance draws attention to cotton’s role in economic development, international trade and poverty alleviation, particularly in developing and least developed countries. The event brought together Members of Parliament from India, representatives of Member States and international organizations to discuss cotton’s contribution to livelihoods, value addition and the Sustainable Development Goals.

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Ladakh launches high-altitude safari for tourists to watch elusive snow leopards

Ladakh has launched a new wildlife safari giving tourists a chance to explore its high-altitude landscape in search of elusive snow leopards.

The safari will initially operate in Rumbak, Shang and Uley, with trained local drivers and wildlife guides taking visitors through designated areas where they can look for snow leopards in the wild.

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Ladakh launches high-altitude safari for tourists to watch elusive snow leopards

The administration described it as India’s first high-altitude wildlife safari and said the programme was aimed at bringing together tourism, conservation and local livelihoods.

Ladakh is home to more than 340 bird species and around 1,800 species of vascular plants, according to the administration.

Alongside the safari launch, authorities inaugurated an artificial intelligence-based device aimed at helping prevent human-wildlife conflict in Ladakh. The administration described it as the first of its kind.The new safari adds wildlife watching to Ladakh’s already popular tourism offerings, which include trekking, mountaineering, monasteries and road trips.

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RBI MPC Meeting Oct 2026 Highlights: RBI MPC hikes repo rate by 25 bps to 5.5%, changes stance to 'calibrated tightening'

The Reserve Bank of India’s Monetary Policy Committee initiated the rate hike cycle, raising the repo rate by 25 basis points from 5.25% to 5.50% in the wake of rising inflationary pressures stemming from food, fuel and fertilisers.

Recognising these price pressures, the six member monetary policy committee (MPC) unanimously voted to increase the repo rate. The MPC decided to change the monetary policy stance from neutral to calibrated tightening.

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RBI MPC Meeting Oct 2026 Highlights: RBI MPC hikes repo rate by 25 bps to 5.5%, changes stance to 'calibrated tightening'

The rate hike decision comes in the wake of the headline CPI inflation increasing to 4.8% (year-on-year) in August from 4.5% in July 2026 and the economy recording a strong GDP growth of 7.8% in Q1:(April-June) 2026-27.

In August 2026, the MPC left the repo rate unchanged at 5.25% and kept a neutral stance. The vote was unanimous. The standing deposit facility rate stayed at 5 per cent, and the marginal standing facility rate and bank rate at 5.50%.

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