Top Stories | TCS Q2 beats lull, Tata Trusts close ranks, LG IPO smashes records and more

A busy Thursday for markets and corporates—Tata Trusts insiders say members are optimistic about resolving their recent differences and moving forward with unity.

Meanwhile, TCS returned to growth momentum, reporting a 0.8% sequential rise in constant currency revenue for the September quarter, its first gain in three quarters. Ahead of the results, IT and metal stocks powered the Sensex and Nifty higher.

In primary markets, LG Electronics India’s blockbuster IPO drew bids worth over ₹4 lakh crore, becoming the most subscribed large issue in Indian history. Industry veteran KV Kamath praised the RBI’s regulatory reforms as “timely and excellent” as banks re-enter corporate lending.

Globally, PM Modi and UK’s Keir Starmer discussed strengthening defence and maritime cooperation, while Israel and Hamas agreed to a ceasefire. On the wealth front, Mukesh Ambani topped Forbes’ India Rich List even as billionaires lost $100 billion collectively.

Here are the top stories that shaped the day.

Tata Trustees hope to resolve differences: Sources



All members of the Tata Trusts are confident that the recent deliberations will lead to a resolution of the difference, sources close to the group told CNBC-TV18. “We are confident that the group will move forward with unity and purpose,” one of the sources said on the condition of anonymity.

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TCS Q2 Results: Revenue grows in constant currency terms for the first time in three quarters

Tata Consultancy Services Ltd. (TCS), the largest Indian IT services company, reported constant currency revenue growth for the September quarter for the first time in three quarters.
Revenue growth in constant currency terms stood at 0.8% sequentially after two quarters of decline. The June quarter saw TCS report a 3.3% drop in its constant currency revenue.

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Sensex, Nifty extend rebound as IT, metals shine; TCS up before Q2 results



The stock market ended higher on Thursday, led by gains in information technology and metal stocks, as investors positioned themselves ahead of TCS earnings and took comfort from a broad-based rebound across sectors.

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LG Electronics India IPO Day 3: Subscription at 54x with bids crossing ₹4 lakh crore



LG Electronics India has become the most subscribed "large" Indian IPO, as its bidding continues on the final day of its three-day initial public offer (IPO). By definition, we are considering large IPOs to be those, which are of ₹10,000 crore or bigger in size.

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PM Modi, Keir Starmer discuss maritime security, India-UK military training cooperation



From global geopolitical issues to India-UK trade agreement, PM Modi and UK PM Keir Starmer discussed a range of issues and agreed to boost partnership in strengthening maritime security across Indo-Pacific and military training cooperation, among others.

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Israel and Hamas agree to Gaza ceasefire and return of hostages



Israel and Hamas said they had agreed to a long-awaited ceasefire and hostage deal, the first phase of US President Donald Trump's plan to end a war in Gaza that has killed more than 67,000 people and reshaped the Middle East.

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Cough syrup deaths: Supreme Court to hear plea seeking CBI probe as toll continues to rise



The Supreme Court on Thursday, October 9, agreed to hear a plea seeking a court-monitored probe and investigation by the Central Bureau of Investigation (CBI) as two more children died in Madhya Pradesh due to alleged consumption of contaminated cough syrups.

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RBI reforms excellent and timely, says KV Kamath as banks re-enter the corporate credit game



The Reserve Bank of India’s (RBI) regulatory framework has evolved consistently to match the changing economy, creating new opportunities for banks, said KV Kamath, Chairman, Jio Financial Services. “In my 55 years in business, I have not seen the RBI take its eye off the ball. Every five years, I have seen an evolution in how they look at what they need to do in the context of the economy,” he said.

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Mukesh Ambani tops Forbes 2025 list as India’s richest lose $100 billion in one year



India’s richest saw their combined wealth fall 9% to $1 trillion in Forbes’ 2025 India Rich List, with Mukesh Ambani leading again at $105 billion despite market dips and a weaker rupee.

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We'll see you on Friday with another engaging 'Top 10@10.'