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Differences surfaced within Venu Srinivasan’s family over wealth division in TVS Motor Company and TVS Holdings Ltd. Matriarch Mallika Srinivasan now pushes for an amicable settlement between her children, Lakshmi Venu and Sudarshan Venu. Sources said the 2024 memorandum only covered brand usage, leaving the economic division of assets unresolved.
Gunnar Lovelace faced rejection from 50 venture capital firms before launching Thrive Market. He and Nicholas Green struggled to get backing for their grocery business. They eventually changed their strategy and raised over $160 million. The company now sells natural products to members at prices below traditional retail rates today.
Mahindra & Mahindra will sell a 51% stake in Novavayu Aerospace Limited to Brazil’s Embraer SA. The company informed stock exchanges about this deal on October 9, 2026. Mahindra Defence Systems Limited will get Rs 5,10,000 for the sale. Both firms expect to finish the transaction on or before December 1, 2026.
The 10th edition of India Mobile Congress 2026 concluded on Saturday with a focus on agricultural AI, 5G automation and rural connectivity. Dr Bilel Jamoussi said, "agricultural AI must focus on solving real problems faced by farmers." The event brought together many leaders to discuss how technology helps inclusive growth.
Elon Musk's Starlink is yet to get security clearance to launch satellite internet in India. Communications Minister Jyotiraditya Scindia said on October 9 that all three operators must meet strict security rules first. These include data localisation and real-time tracking to ensure that all user traffic stays within the country.
SEBI chairman Tuhin Kanta Pandey said on Saturday that the regulator hopes to issue guidelines on closing auction session changes in about a week. Pandey said, “We are currently examining the comments and hope to issue guidelines in about a week's time.” SEBI also plans to simplify various market regulations.
The Assam Cabinet on Friday decided to charge only Rs 1 as land premium for the Lovlina Boxing Academy. This move aims to boost sports across the state. The government gifted over 3 bighas of land at Hudumpur village to support the athlete and help many young boxers get started.
The World Economic Forum report said leaders must treat cybersecurity as an economic investment rather than a cost. A survey from April 2026 showed many firms still react to crises instead of planning. The report said, "Cybersecurity should be understood as productive capital, not only as protection against loss."
Tata Steel Colors launched its Colorcoat range of pre-painted steel in India on October 10, 2026. These products are made in Jamshedpur for local and global markets. Managing Director Praveen V Thampi said, "The company's goal is to provide access to advanced global solutions that can help Indian infrastructure."
Dividend income is taxable for investors, but you can manage this burden. Expert Anita Basrur said, "Investors should choose the Growth Option instead." This helps returns compound tax-free. From financial year 2026-27, you cannot deduct interest on loans used for such investments. Always reconcile your payouts with official tax statements.
Avenue Supermarts Ltd reported an 8.5 percent rise in net profit to Rs 743 crore for the September quarter. Revenue grew 17.8 percent to Rs 19,644 crore as the retailer opened 15 new stores. Anshul Asawa said, "Our pricing proposition thus remains strong in an inflationary environment." Business looks steady.
The Reserve Bank of India may raise the repo rate by 75-100 basis points in the current cycle, an SBI Capital Markets report said. Inflation is expected to stay high before easing next year. While growth remains strong, rising borrowing costs and global uncertainty could impact the economy moving forward.