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RBI raises policy rates 25 bps to tame inflation as India hurdles growth barriers
The Reserve Bank of India has unanimously decided to increase the benchmark repo rate by 25 basis points. This decision was made amid rising inflation projections and increasing US bond yields. The bank also revised its economic growth forecast for FY27 to 7.1%, indicating strong economic activity. Inflation is expected to reach an average of 5.2% through FY27, affecting consumer prices.
An IIT graduate has sought immediate work and temporary accommodation in Hyderabad after claiming that her father asked her to leave home, leaving her with money for only two to three days. In a Reddit post, she asked about job opportunities, including live-in maid work, and said she was willing to relocate and start immediately. The post sparked discussion about employment challenges faced by highly qualified graduates.
How the EU regulates lobbyists after 2022 Qatargate bribery scandal
Following the 2022 Qatargate bribery scandal, the European Union tightened its lobbying rules in Brussels, where thousands of businesses and industries push their interests to EU lawmakers and officials. - Public agendas - Brussels tightened its lobbying rules after the so-called Qatargate cash-for-influence scandal in 2022, when former EU lawmakers were suspected of taking bribes from Qatar and Morocco.
Nepal in talks with China to reopen Tatopani border point
Kathmandu is engaged in discussions with China to resume operations at the Tatopani border point. The border has remained closed since August due to severe floods and landslides affecting both Nepal and China. Infrastructure Development Minister Sunil Lamsal stated that no issues exist on the Nepali side of the border. However, readiness from the Chinese side to reopen remains uncertain as infrastructure is being restored.
Centre extends West Bengal DGP Siddh Nath Gupta's tenure by 6 months
West Bengal DGP Siddh Nath Gupta received a six-month extension in service approved by the Cabinet. He was originally set to retire on October 31 after previous extensions. The Appointments Committee made this decision based on public interest reasons. Gupta, a 1992-batch IPS officer, was appointed police chief by the Election Commission earlier this year. This extension relaxes rules governing retirement benefits for All India Services.
Infinite Uptime Included in 2026 Gartner Magic Quadrant for Global Industrial AIoT Platforms Report
Atlanta (Georgia) [US], October 7: Infinite Uptime, the Production Outcomes Partner for Heavy Industries, today announced that it has been included in the 2026 Gartner Magic Quadrant for Global Industrial AIoT Platforms.
CX Partners-backed Veeda Lifesciences eyes majority stake sale at upto $400 million valuation
Veeda Lifesciences has restarted a process to sell a majority stake at a $300-400 million valuation, with existing investor CX Partners expected to exit and fresh capital aimed at expansion.
Jefferies has boosted its investment stance on Reliance Industries, citing appealing valuations and an outlook for upgrades. Additionally, the firm has raised its stakes in Kotak Mahindra Bank, driven by strong growth prospects. Welspun Corp is now part of the portfolio due to anticipated expansion in oil and gas infrastructures.
Bhubaneswar-based CSM Technologies deploys royalty management system for Kenyan mineral sector
Since natural wealth has huge public value impacting future generations of a nation, it is important to build a transparent and technology-driven royalty administration system, says CSM MD Priyadarshi Pany
Global PE Funds eye controlling stake in Gemsons at 1,200 cr valuation
EQT, Carlyle, Blackstone and ChrysCapital are amon eyeing a stake in Gemson, with the deal likely to help expand capabilities
Beyond the diaspora: Indian music artists are ready for a true global crossover
Indian music artists are making strides on the global stage, primarily through diaspora connections. Experts advocate strategic marketing and international collaborations to broaden their appeal as independent Indian artists shift away from reliance on film for global success.
Paramount closes Warner merger in historic Hollywood deal
The new company, which will be called Skydance, combines two of the five largest Hollywood film studios, uniting major franchises such as Harry Potter and Mission Impossible
RBI opens up Account Aggregator network, making financial data sharing easier for consumers
The Reserve Bank of India has introduced inter-operability among various Account Aggregators to simplify information sharing. Customers will be able to authorize financial data sharing with banks and lenders. This interconnected system eliminates the need for users to switch platforms for different Account Aggregators. The changes are aimed at enhancing convenience and seamless interactions in financial services. Customer consent remains essential for the sharing of financial information between platforms.
Jio IPO SWOT analysis: What the DRHP says about its growth story, moats and risks
Jio Platforms is gearing up for a landmark public offering to secure Rs 37,700 crore in funds, with subscriptions expected to commence on October 21. With an impressive customer base exceeding 524 million, Jio dominates India's wireless data landscape. The company is well-positioned to capitalize on opportunities like the shift from 2G to 4G and expanding enterprise connectivity.
Tata Motors PV Share Price Live Updates: Tata Motors PV Price Decline Noted
Gabriel India enters into joint venture with Forvia for advanced automotive seating systems
Forvia will hold 50% plus one share in the company, while Gabriel India will hold 50% minus one share
TCS Q2 Results Preview: Can the IT bellwether show enough growth to calm investors?
Tata Consultancy Services is scheduled to release its second-quarter results on October 8, with analysts predicting a year-on-year revenue growth of roughly 13%. However, the sequential growth might be modest at around 0.5%-0.6%. Investors will also be looking for updates on new contracts and collaborations with firms like Porsche and BSNL, as market sentiment stays cautious amid ongoing IT sector challenges.
India's macroeconomic fundamentals indicate strong growth despite the Nifty index losing 13% this year. While industrial production and corporate earnings demonstrate resilience, foreign selling pressures weigh on equities. Upcoming earnings season is crucial as investors assess the impact of input costs on margins. Analysts suggest that the market needs broader economic signals to recover sustainably. Stability in global bond yields and crude oil prices could also influence market sentiment.
Kalyan Jewellers logs 26% rise in Q2 revenue
Kalyan Jewellers plans to launch another four showrooms, under the franchised model, over the course of the current financial year
Belrise Industries among 4 stocks that closed crossing above VWAP
Four Nifty 500 stocks closed above their VWAP on October 6, indicating stronger-than-average price levels. Clean Max, Belrise Industries, TBO Tek and Deepak Fertilisers traded above their volume-weighted averages, reflecting positive intraday price momentum and buying strength.
Q2 results today: Tiaan Consumer, 3 other companies to announce results
Alstone Textiles, Golkonda Aluminium Extrusions, Indrayani Biotech and Tiaan Consumer are among the companies scheduled to announce their financial results for Q2FY27 today
Utkarsh Small Finance Bank shares rally 7% after Q2 disbursements jump 55% YoY, deposits rise 7%
Utkarsh Small Finance Bank reported a 55% year-on-year rise in Q2 FY27 disbursements to Rs 3,525 crore, driven by strong non-JLG loan growth. Deposits increased 7%, while CASA deposits rose 14%. The banks CASA ratio improved to 21.5%, indicating stronger low-cost deposit mobilisation despite overall funding growth remaining moderate.
Sensex falls over 450 points, Nifty below 22,650 ahead of RBIs expected rate hike. What lies ahead?
After a fleeting rally, the Indian stock market dipped once again, with Sensex and Nifty experiencing noticeable declines. Investor attention is fixed on the impending RBI MPC meeting, where an interest rate hike is expected. Titan shares dropped more than 4% due to an unsatisfactory Q2 business report, which weighed heavily on market sentiment.
TCS Q2 preview: Brokerages see healthy margins expansion despite modest revenue growth
AI momentum and robust deal wins may help offset slow deal ramp-ups and macro headwinds
Three SME IPOs to list today; Vans Electroengineerings, Black Opal Consultants see strong demand
Three SME IPOs, Vans Electroengineerings, Papadmalji Agro Foods and Black Opal Consultants, are set to list on October 7 after raising Rs 109.24 crore collectively. Vans Electroengineerings saw the strongest investor response, with its issue subscribed 628.73 times.
Maersks owner seeks investments in Asian startups with new office
The firm, funded entirely by the billionaire Maersk family with no external investors, will open the office its first outside of Denmark this week. It has more than $50 billion of net assets
Ola Electric gets in-principle approval for 1,000-crore rights issue, board to decide key terms
The company says that it has received the approval on Tuesday; the board meeting would be held on October 7
The closing followed settlements with a coalition of US states and a Hollywood writers union, which removed the main legal barriers to one of the largest mergers in media history.
Titan Company shares fall 4% after Q2 business update. What is Nomura saying?
Titan Company reported 25% year-on-year growth across its consumer businesses in Q2FY27, led by jewellery, watches and EyeCare. Nomura retained its Buy rating, citing strong growth visibility despite high jewellery sales bases and elevated gold prices.
HCL Tech Share Price Live Updates: HCL Tech's Market Update
Kalyan Jewellers reported over 26% consolidated revenue growth in Q2 FY27, supported by strong Indian operations and approximately 20% same-store sales growth. International revenue rose 18%, while its lifestyle brand Candere grew 64%. The company expanded its showroom network, reduced non-GML debt to zero and expressed optimism about the festive and wedding season.
RBI to hike repo rate by 25 bps? These rate sensitive sectors will be in focus on Wednesday
The RBIs policy decision will keep banks, NBFCs, realty and auto stocks in focus, with the central bank widely expected to raise the repo rate by 25 bps to 5.50%. Markets will track its inflation outlook and future rate guidance, especially as elevated crude prices pose risks to inflation and the current account deficit.
Bajaj Finance Share Price Live Updates: Bajaj Finance Stock Details
Hindalco Share Price Live Updates: Hindalco Stock Details
ONGC Share Price Live Updates: ONGC's Current Trading Price
Urban Company among 6 stocks showing RSI trending up
Six Nifty500 stocks that gained over 6% featured in StockEdges RSI Trending Up scan on October 6, signalling strengthening momentum as their RSI values crossed above 50 from below.
Vote Chori Protests: Police behavior towards Priyanka, Rahul Gandhi unacceptable, says Raja Warring
Louis Vuitton goes sheer and fluid for a hotter world
Nicolas Ghesquiere showcased a spring/summer 2027 collection that highlights the impact of climate change on fashion. The collection features lightweight fabrics and streamlined silhouettes to adapt to warmer temperatures. Ghesquiere emphasized the complexity of creating light garments while maintaining functionality and relevance. Celebrity guests, including Felix and Brigitte Macron, attended the show, which featured minimalist designs with limited monogram use.
Families of some US troops killed in the Iran war's deadliest strike absent from White House event
At a recent White House gathering, relatives of servicemen who fell in the Iran war came together to honor their ultimate sacrifice and air their frustrations. A significant number are upset about the unresolved inquiries regarding the deadly March 1 drone strike that left six soldiers dead. The ceremony honored around 40 fallen heroes, yet many families lamented the lack of timely invitations, leaving several feeling excluded.
Uber to acquire ezCater in $2.3 billion deal as Uber Eats expands
The deal will combine ezCaters catering expertise with Uber Eats consumer and restaurant network and Uber for Business relationships with organisations
Trent shares surge nearly 13% on robust Q2 updates
Trent, the prominent Tata Group retailer, experienced a notable spike in share prices as it unveiled impressive second-quarter results. The company reported a significant 23% year-on-year revenue growth, amounting to 5,788 crore. This development led brokerages to enhance their forecasts and issue favorable ratings. Additionally, Trent celebrated the launch of its 1,000th Zudio store, reflecting productivity gains.
SpaceXs $40 billion AI bet: Elon Musk turns to banks and investors for Nvidia chips
Elon Musk announced 110,000 Nvidia GB200 chips and 440,000 GB300s for Colossus 2, with plans for an additional 660,000. SpaceX seeks $40 billion in debt financing to acquire chips, reflecting the significant demand for AI computing power and ongoing large-scale financing deals.
Nifty 50 companies likely to log strong double-digit growth in Q2
Revenue and net profit of Nifty 50 companies are projected to grow by nearly 20% year-on-year. Analysts note that performance is driven by sectors like automobiles, banking, and oil. Operating margins, however, might contract slightly due to input cost pressures and inflation. Key sectors show varied conditions, balancing strong demand against potential challenges. Overall, medium to long-term outlook remains optimistic, despite some near-term volatility.
Wizz Financial bets on India with cross-border fintech push, eyes 2029 IPO
The company is expanding beyond remittances into payments, lending and wealth management as it seeks to make India the centre of its global financial platform.
L&T Realty targets 150 million sq ft portfolio by 2031 with focus on luxury housing
The developer plans to double its footprint over five years through premium residential projects while consolidating group real estate assets under a single platform.
Pay for performance: How Indias staffing model is getting a makeover
Major staffing firms Quess, TeamLease, and Adecco report that clients are shifting from flat fees to output-based billing. Vendors now manage workforce performance, facing penalties if targets are missed and earning rewards when they deliver
D-St set for a negative opening as GIFT Nifty signals weak start
Benchmark Nifty experienced a rebound on expiry day due to a drop in India VIX and Brent crude oil prices. Investor attention is now focused on the forthcoming RBI policy outcome amid ongoing rupee weakness. The rupee declined against the dollar amidst foreign capital outflows and uncertainties surrounding a US-Iran deal. Stocks in the F&O ban included SAIL, Bandhan Bank, and Ambuja Cement.
September demat account addition falls to 2.89 million amid market selloff
September saw a decline in demat account openings, falling to 2.89 million, which is an 11.5% reduction compared to the previous month. Nevertheless, over the September quarter, a record 9.04 million accounts were established. Despite experiencing its most significant monthly losses in five months, the stock market maintained investor interest, supported by robust IPO activity and a steady 135 million unique investors.
Bank stocks lift indices ahead of RBI policy
The Indian stock markets saw an upswing fueled by the performance of banking stocks amid falling oil prices. The Sensex and Nifty enjoyed substantial rises, as market participants eagerly anticipated the upcoming Reserve Bank of India monetary policy decision. Key players like Axis Bank and Kotak Mahindra Bank reported strong quarterly figures, lifting investor mood.
Jefferies favours Indian largecap stocks amid rising bond yields
Jefferies has suggested enhancing investments in large-cap stocks in India, citing their favorable valuations compared to midcaps. The brokerage has also added Kotak Mahindra Bank to its model portfolio and increased its weight in Reliance Industries. It emphasizes that large-caps present a better risk-reward scenario as earnings growth gap narrows. Meanwhile, exposure to rate-sensitive sectors has been reduced due to rising global bond yields.
In a letter written earlier this month, Former CEO Mukesh Bansal, finance head Sanjay Baweja, ex-CBO Ankit Nagori and others said uuncertain India IPO timeline means no liquidity for ex-employees. They highlighted the companys two founders and early backers have also fully monetised their equity stake in the e-tailer.
Seven Tata Trusts file slew of caveats with Maharashtra Charity Chief
Seven trusts under Tata Trusts have filed caveats to be heard ahead of any orders by the Maharashtra Charity Commissioner. Venu Srinivasan and Vijay Singh have raised concerns about governance issues surrounding Noel Tata's leadership. These issues include questions regarding decision-making and participation restrictions in Tata Sons matters. The filings follow existing restrictions on the Sir Ratan Tata Trust's functioning and meetings.
What Paramounts Warner Bros. takeover means for streaming, movies and news
What Paramounts Warner Bros. takeover means for streaming, movies and news
The carrier will refurbish all 12 of its A380 aircraft, introducing a new business-class cabin that spans the entire upper deck. British Airways has described it as the worlds biggest business-class cabin.
Services activity hits 3-month high in September on demand surge
The HSBC India Services Business Activity Index rose to 55.2 in September from 54.1 in August, although it remained below the 60.9 recorded in September 2025. A reading above 50 indicates expansion in activity, while a figure below that signals contraction.
New York [US], October 6: In a significant moment that underscores the lasting influence of corporate leadership on entrepreneurship, Adobe Chairman and CEO Shantanu Narayen recently met with Abhishek Talwar, Founder and CEO of Hexaview Technologies, and unveiled his newly released book, Adobe Was My MBA.
Product's form at sale, not end use, will determine tax rate: Supreme Court
The Supreme Court has ruled that the tax rate applicable to a product must be determined by its physical form at the time of sale, not its eventual use. The court dismissed revenue appeals seeking to tax Cadila Healthcare's GRD Powder and GRD Mix as non-alcoholic beverages at 10%.
Private credit loses edge as new funding options open up for companies
In the evolving world of private credit, the availability of high-yielding deals is dwindling, thanks to intensified competition and new regulatory measures. During the first half of 2026, a considerable volume of private credit transactions was listed below the 18% mark. With banks now venturing into acquisition financing, the capital landscape for borrowers has transformed, urging lenders to identify areas for superior returns.
Codelco Probes New Signs of Overstated Chile Copper Production
Codelco is investigating fresh evidence that copper production may have been double counted in 2024 and 2025, raising further questions over output figures at the Chilean state-owned miner.
IndusBridge raises Rs 2,000-crore fund for defence bets
IndusBridge Ventures has triumphantly raised Rs 2,000 crore, a remarkable achievement in the realm of private equity focused on defence. Co-founders Ravi Kapoor and Rahul Devjani intend to channel this funding into Indian defence firms, aiming to harness the increased global defence budgets and support India's efforts towards self-reliance. Kapoor forecasts that defence exports could soar to 50,000 crore soon, enhancing the security technology supply chain.
As India Inc wants staff to dress the part, uniforms become all the rage
India's B2B apparel market is experiencing significant growth, expanding to $2.1 billion in just five years. The demand for uniforms spans various sectors including healthcare, hospitality, and security services. Growth is driven not only by traditional industries but also by the emerging gig economy of delivery and home-service professionals. These workers require distinctive uniforms that enhance their identity and instill consumer confidence.
S&P projects 12-14% credit growth this fiscal, warns weak monsoon may hit rural lending
S&P Global forecasts a 12-14% increase in financial sector lending despite potential slowdowns in rural areas. Concerns about weak monsoon rains may negatively impact rural incomes and lending. A projected GDP growth of 7% for India in FY27 reflects steady public investment and improved private sector investments. Economic activity remains strong, although headwinds like inflation could constrain momentum.
Gurgaon homebuyer waits decade for flat; builder ordered to refund 1.73 crore with 12% interest
The commission's decision took into account the circumstances surrounding the purchase and the prolonged failure to hand over possession
Shatabdi Express Wheel Skid: Why has Railway Board ordered a probe into wet-track braking
The Railway Board has asked RDSO to investigate a WAP-5 locomotive wheel skid on wet rails during emergency braking by a New Delhi-Chandigarh Shatabdi, and review track fencing after cattle incursion.
Invesco and Motilal Oswal lead AUM growth in Q2 FY27, shows data
Invesco, Motilal Oswal, and HSBC logged over 10% QoQ growth, while SBI MF drove overall industry volumes, adding 53,146 cr
PhysicsWallah exits student lending, sells 96 crore loan book to Auxilo
PhysicsWallah exits direct student lending as FinZ Finance sells its 95.79 crore loan book to education-focused NBFC Auxilo Finserve.
NTPC to buy 10 million tonnes of coal from commercial mines in H2 FY27 as power demand rises
The state-run power generator is tapping commercial miners to meet a projected 300 MT coal requirement in FY27 as rising heat fuels electricity demand.
Facing supply shortage, NTPC to procure 10 MT coal from private sector in H2 FY27
This is the second time the Maharatna company will purchase coal stocks from commercial miners
NBFC credit growth rises to 15.8% in August as gold, consumer durable loans surge
During August 2026, non-banking financial companies enjoyed a boost in credit expansion, with gold loans seeing remarkable growth alongside consumer durable loans. Housing loans remained a critical component of the retail lending portfolio. Conversely, lending to the services sector declined, highlighting slower growth in certain segments. This overall increase in several sectors points to an encouraging trend in the credit market.
Mphasis extends 35.4 m contract with Social Security Scotland
Social Security Scotland is one of the largest executive agencies of the Scottish Government, responsible for delivering core benefits to people across Scotland efficiently and securely.
ElevenLabs targets voice AI services in all 22 Indian languages, says CEO
ElevenLabs currently offers speech-to-text and text-to-speech services in 14 Indian languages and plans to cover all 22 official languages over the next year
UCIL bets on greenfield mines, copper residue to double uranium output by 2036
UCILs production expansion plan comes as India seeks to increase domestic uranium availability to support its growing nuclear power programme.
Weak monsoon looms over FMCG margins despite strong Q2 demand
Lower copra costs aid Marico, while Dabur and GCPL grapple with commodity inflation; deficient rainfall threatens rural demand and input-cost trends in H2
Flipkart's Big Billion Days returns for 13th Edition on Oct 9 with record seller participation
More than 2.5 lakh direct and indirect employment opportunities have been created for the festive season, of which nearly 75,000 are for first-time workforce entrants
Sunstream Green to invest 1,500 crore in RE projects in Chhattisgarh
The proposal, announced at the SING Forum, focuses on battery storage and firm renewable power
Delhi airport plans a 3,500 crore driverless transit system by 2030 to connect T1, T2, T3, Aerocity and the cargo terminal.
Ahead of Market: 10 things that will decide stock market action on Wednesday
Indian equities extended their rebound for a second session, with Sensex rising 685 points and Nifty gaining over 220 points. Falling crude prices, strong Q2 business updates and positive global cues lifted investor sentiment, adding nearly Rs 5 lakh crore to BSE market capitalisation.
Govt looks to widen coverage of Index of Services Production, invites feedback
MoSPI began compiling the ISP on a monthly basis for the formal services sector on a trial basis in July 2026. The exercise uses 2024-25 as the base year and was designed to provide a higher-frequency measure of services-sector performance.
The Election Commission of India refused to meet a delegation of 240 MPs led by Rahul Gandhi. This decision followed a day of protests in the national capital against the Chief Election Commissioner. Congress leaders, including Rahul and Priyanka Gandhi, were detained during the protests. The Commission stated that no formal meeting request had been submitted by the deadline.
Neuberg Diagnostics consolidates Maharashtra operations with NM Medical
Patients across Mumbai and Maharashtra will benefit from convenient access to routine and highly specialised testing
Irdai commission caps: Brokers to seek more time to submit feedback on Friday
Insurance brokers will seek an extension of the 25 October deadline for submitting their feedback and suggestions until December, at their meeting with Irdai on Friday.
Donald Trump calls mail-in voting dishonest, so why is he urging Republicans to use it?
The Trump administration sought to introduce new US Postal Service requirements ahead of the midterm elections. The proposal called for special envelopes and barcodes linked to individual voters. States would also have been required to submit voter information through a federal portal.
Power plants with critical stocks rise as supply fails to meet demand
81 plants based on domestic coal running on critical stocks compared to 73 a week ago
'They blocked me thats not America': Ramaswamy recounts tense encounter with Amy Acton in Ohio
Middle Eastern oil exports have significantly recovered as shipping companies navigate a complex transport network. While conventional methods remain risky, alternate routes are being utilized to ensure continuous oil movement. Oil producers are adjusting strategies, relying on pipelines and offshore transfers to circumvent dangerous waters. The shipping process has become more expensive due to increased insurance and higher freight rates.
HPCL EV charging network grows 8% to 5,826, targets trucks and buses on 50 highway corridors
HPCL is taking its EV infrastructure push to commercial transport, deploying 240-kW ultra-fast chargers for trucks and buses across 50 highway corridors
Market Trading Guide: Motilal Oswal among 4 stock recommendations for Wednesday
Govt pauses Adani plan to move Mumbai international flights, gives airlines more time
Following airline resistance over peak-season disruptions, the operator must now build a mutually agreed flight relocation framework for Navi Mumbai.
World Bank ups India's GDP growth projection to 7.1% for FY27
India's exports have performed better than expected and are likely to provide the main upside to the FY27 growth outlook relative to the April forecasts, World Bank said in a report
Delhi HC allows Reliance to sell Campa as 'energy drink', stays FSSAI order
The court granted interim relief to Reliance Consumer Products against an FSSAI directive restricting the use of the term 'energy drink' for high-caffeine beverages
