OpenAI’s annualised revenue was close to $50 billion as of the end of September, about $20 billion below the roughly $70 billion figure investors had previously been given, the Financial Times reported. A person familiar with the matter said the earlier, higher number included gross revenue from partnerships with companies such as Nvidia. The disclosure weighed on AI-linked stocks and renewed questions about the durability of the AI business.

India’s government on Oct. 1 tightened the stockholding limit for sugar dealers to 1,000 quintals, with the revised rule set to apply from Oct. 15 through Nov. 30 to help ensure supplies and keep prices in check during the festival season. Dealers will be allowed to hold only 15 days of stock, while Kolkata and its extended metropolitan areas and Assam will have a higher limit of 2,000 quintals. The new sugar season began on Oct. 1, and average retail sugar prices have fallen 15% from their August peak while ex-mill prices are down by about 28% and have stabilised in recent weeks.

Indian equities fell sharply in early trade on September 29, with the Sensex down 503 points at 72,260.09 and the Nifty off 151 points at 22,626.50. Brent crude rose 1.74% to $107.1 a barrel amid uncertainty in West Asia. Foreign Institutional Investors net sold ₹5,353.22 crore of equities on Monday, while the two benchmarks had dropped 1.52% and 1.56% in the previous session.

MSMEs in Coimbatore, India, are facing rising input costs after copper prices surged nearly 75% over the past year, with one kg now at ₹1,450 versus ₹800₹900 a year earlier. Prices had earlier touched ₹1,500 a kg before easing slightly. Local industry groups say once the increase crossed 60%, firms could pass on only 10%15% of the rise to customers, leaving engineering and electrical manufacturers with sharply compressed margins.

India’s Securities and Exchange Board of India (SEBI) fined Zee Entertainment Ltd (ZEEL) and its promoters Subhash Chandra and Punit Goenka a combined ₹1.5 crore and barred them from the securities market for one year over fund diversion. SEBI found that the promoter-controlled Essel Group pledged ZEEL’s Hyderabad property to raise ₹726 crore from IHFL without the company’s board and audit committee approval. The regulator said the transaction was not disclosed as a related-party deal under Ind AS-24 in the financial statements. The action is a substantive corporate-governance penalty that has hit ZEEL’s stock credibility and investor confidence.

India’s Gland Pharma has received U.S. FDA approval for its abbreviated new drug application for Sugammadex Injection in 200 mg/2 mL and 500 mg/5 mL single-dose vials. The product is a bioequivalent generic version of Merck Sharp & Dohme’s Bridion Injection and is used to reverse neuromuscular blockade induced by rocuronium bromide and vecuronium bromide during surgery. The company said it launched the product on the day of approval through its marketing partner. U.S. sales for the product were around $1.6 billion in the 12 months ended April 2026, according to IQVIA data cited by Gland Pharma.

Coal India reported June-quarter net profit of ₹8,850 crore, up 0.7% year on year, even as expenses rose 27% to ₹3,260 crore. The company attributed the cost increase to higher spending on explosives and oil and lubricants linked to the West Asia conflict. Coal output fell 7.5% to 169.63 million tonnes, while offtake rose to 197.86 million tonnes. Coal India also declared an interim dividend of ₹5.50 per equity share.

The U.S. Court of Appeals for the Sixth Circuit upheld Ohio’s Social Media Parental Notification Act, allowing the state to require mandatory age verification and parental consent for users under 16 on platforms such as Instagram and YouTube. The law took effect in January 2024 but had been halted by a federal district court. The panel said the measure does not violate the First Amendment and is narrowly tailored to protect children. Meta and Google, among the operators explicitly implicated, face substantial compliance burdens and potential pressure on user activity.

Meta is lobbying the U.S. Congress to insert a legal immunity provision into the Kids Online Safety Act (KOSA) that would limit state-law child-harm claims tied to products such as Instagram. If enacted, the language could protect Meta and other platforms such as YouTube from existing and future suits, though Sen. Marsha Blackburn’s office said it had not seen the text and would not consider it. KOSA passed the Senate by a 91-3 vote in 2024 but stalled in the House, and it has been reintroduced this year.