The Economic Times

A fall in oil prices offered some support to bonds and Wall Street stock futures, limiting Asia's losses. Oil fell following US President Donald Trump's decision to waive some sanctions on Russia, though he later said a final decision on the matter had not been made.

Jio Platforms is gearing up for an impressive

Indian equities turned around as information technology stocks attracted sustained buying interest. Strong quarterly earnings reports enhanced investor confidence in the market, with the Nifty 50 index achieving a closing point of 23,146, representing a 0.65% rise. Prominent companies like HDFC Bank and ICICI Bank shared their quarterly outcomes, showcasing improved asset quality. Investors are anticipated to keep an eye on upcoming corporate announcements which may guide market trends.

India's pharmaceutical companies are expected to have a mixed performance in the upcoming September quarter. Companies like Sun Pharmaceutical Industries and Aurobindo Pharma are likely to report good growth. In contrast, Dr Reddy's Laboratories and Lupin may face challenges due to increased competition and a high base. Pricing pressure and elevated raw material costs are also expected to impact overall performance.

Nifty gained 3% last week, boosting sentiment and raising hopes of a recovery, though analysts caution that it must clear key resistance levels for further strength.CHANDAN TAPARIA, HEAD DERIVATIVES & TECHNICALS, WEALTH MANAGEMENT, MOTILAL OSWAL FINANCIAL SERVICES Nifty has formed a higher-top, higher-bottom structure, reclaimed its 20-day average and sustained above 23,000. A Morning Star pattern, rising RSI and support at 22,786 keep the outlook bullish, with 23,40023,500 as the next upside z

Public sector banks have revealed a corporate loan pipeline of approximately 7.8 lakh crore signaling increased credit demand. Companies are stepping up their investment, particularly in sectors like renewable energy and semiconductor manufacturing. Banks report varied corporate credit growth, with some institutions witnessing over 50% increase year-on-year. Mid-sized and large companies are leading the way in capital expenditure, while smaller suppliers are also finding opportunities.

Tiger Shroffs first photos after the firing incident in Mumbais Juhu area have come out, showing the actor with bandages on his arm, shoulder and chest. Maharashtra Deputy Chief Minister Eknath Shinde visited his residence and said Tiger suffered injuries from gunpowder and glass shards. Police are investigating the incident, while an alleged claim of taking responsibility for this firing has been circulating on social media but remains unverified.

Fairfax Financial's subsidiary has acquired a 60.7% stake in IDBI Bank for 52,878 crore, leading to potential operational changes. The new management faces challenges such as employee resistance and asset quality improvement. Despite having a higher profitability compared to peers, IDBI Bank's gross non-performing asset ratio remains concerning. The bank's success will rely on its ability to enhance asset quality while maintaining earnings growth.

D Subbarao advocates for allowing the rupee to find its level based on economic fundamentals. He criticizes costly short-term measures that do not address structural issues behind capital outflows. The rupee's recent recovery followed the Reserve Bank of India's measures to reduce dollar demand. Subbarao highlights the importance of tax reforms to attract foreign investment in India.

Established non-fiction shows such as Bigg Boss and Kaun Banega Crorepati have continued to attract advertisers despite the blackout. Bigg Boss has roped in 95 sponsors across its language editions, while KBC has secured 25 sponsors. Cricket is also drawing advertiser interest, with India matches providing an opportunity to reach large audiences in a second half of the year largely devoid of marquee events such as the IPL or ICC tournaments. The India-West Indies series has drawn a strong respon

In the second quarter, leading private sector banks in India reported a drop in net interest margins. This decline was primarily caused by the costs associated with foreign currency non-resident deposits. Analysts noted that the leveraged nature of these deposits significantly impacted profitability. Additionally, banks faced pressure from faster repricing of assets as interest rates declined.

The Indian government is engaging in discussions about measuring Scope 3 emissions for exporters. This consideration arises as trade partners impose tighter green requirements globally. Current frameworks focus on direct emissions and exclude indirect ones, making compliance more complex. As a result, industries, especially MSMEs, may face compliance burdens if new requirements are implemented. Ultimately, the aim is to ensure that Indian exporters remain competitive in international markets.

IIFL Finance is intending to raise 2,500-5,000 crore by selling a minority stake. The company's promoters may subscribe to warrants to limit dilution. Fairfax Financial Holdings is likely to sell its stake due to regulatory norms. IIFL aims to enhance its capital position amid evolving market conditions. These measures are expected to create synergies for IIFL Capital as part of IDBI Bank.

The Ramleela performance in Mohra village was suspended following the death of an elderly local woman. Villagers mourned Gafooran's passing, as she was seen as a family member in the community. Adarsh Ramleela Committee decided to halt the performance out of respect for her contributions. Her death had a profound impact, casting a shadow over the village. Villagers expressed their deep sorrow and loss in response to her passing.

Poultry farmers are currently experiencing losses of approximately 15% due to rising livestock feed costs. Key ingredients have seen price increases of up to 75%, affecting farmers' ability to cope. Dairy producers, particularly in drought-affected regions, struggle to source necessary fodder for their livestock. Feed manufacturers are also feeling the impact as higher prices reduce demand for their products.

Central Bank of India anticipates a 33% decline in bancassurance fees due to proposed regulations. Canara Bank expects a 145-crore hit to its fee income from similar changes. Axis Bank aims to mitigate losses through increased sales volumes and alternative income sources. HDFC Bank has not yet assessed the potential impact of the new rules.

The seven-member drafting committee panel, headed by retired Supreme Court Justice Ranjana Desai, has opened a website for the people, where 37 questions are being asked and citizens are asked to give in their opinions before November 15. Maharashtra Chief Minister Devendra Fadnavis has already said that the state will bring in a UCC bill during the Winter assembly session in Nagpur at the end of the year.

Anup Bagchi is set to take charge as MD and CEO of HDFC Bank starting October 27. He is currently familiarizing himself with the bank's balance sheet and profitability structure. Bagchi aims to engage with regulators, customers, and stakeholders to gather insights before implementing changes. His focus is on understanding the organization's operations rather than rushing into strategic alterations.

An Army officers wife has been booked in Jammu in an alleged espionage case for reportedly preparing research papers on sensitive national security issues using AI tools ChatGPT and Claude. Officials, as cited by PTI, alleged that she was in contact with foreign nationals, including individuals suspected of links to Chinese intelligence agencies. Her mobile phone has been seized for forensic examination, and investigators are probing whether sensitive information was shared.

ED's investigation centres on allegations that CMRL paid Exalogic Rs 2.78 crore under the guise of IT consultancy and related services despite allegedly receiving no corresponding services. The agency has alleged that the payments formed part of a wider arrangement involving illegal gratification to Vijayan during his tenure as chief minister. The allegations have not been established in court.

Tata Sons is reviewing its Articles of Association to comply with Sebi listing regulations, which may impact the influence of Tata Trusts on board appointments. This scrutiny follows the RBI's rejection of Tata Sons' application to relinquish its core investment company registration, necessitating compliance with strict governance standards for listed entities.

Trump last week announced an energy ceasefire -- which neither side said they agreed to beforehand -- that quickly collapsed, with Moscow continuing strikes on Ukraine's power grid and Kyiv eventually resuming hits on Russian oil refineries. Trump has been angered by Kyiv's strikes on Russian refineries -- which he says are contributing to a surge in global fuel prices.

India's government has clarified that it will not regulate ticket prices for airlines under new rules. The new air fare regulations will allow the government to set limits during extraordinary situations like natural calamities. Airlines will need to get their fares approved by the Directorate General of Civil Aviation a month in advance. Recent data indicates that average airfares this festive season have increased significantly due to higher fuel costs.

Jammu and Kashmir Police has registered a case against the wife of an Army officer. She is accused of sharing sensitive information with foreign intelligence operatives. Sources indicate that she unknowingly engaged with individuals linked to China. The investigation is focused on the degree of information exchanged during her research activities. The accused has not yet been arrested, and the inquiry is ongoing.

Gangs won't be spared, M'rashtra Deputy CM Eknath vows after firing at Tiger Shroff's car

International investors have raised concerns regarding the Indian Income-tax authorities' invocation of the judicial anti-avoidance rule. At a recent meeting, investors communicated their issues with the Central Board of Direct Taxes on this matter. The use of JAAR to deny relief on grandfathered shares contradicts prior regulations established by the CBDT. The standing of both GAAR and JAAR remains complex due to Supreme Court rulings.

Karan Veer Mehra recalls the moments after gunmen opened fire at Tiger Shroffs car in Mumbais Juhu area, revealing that his vehicle was right behind the actors. The Bigg Boss 18 winner described hearing gunshots, initially mistaking them for firecrackers and later seeing blood at the scene. While Shroff escaped unhurt, his driver and another person were injured.

The US announced a 60-day pause on sanctions against Russia to analyze the effects on the global economy. Officials clarified that no sanctions were lifted as part of the Graham Act. Secretary of State Marco Rubio emphasized the need for this evaluation amid geopolitical tensions. Critics from both parties expressed their discontent regarding Trump's decision to waive the sanctions.

A major fire at Canadian Forces Base Wainwright resulted in seven fatalities according to unnamed sources. The fire erupted during a training session while winds reached up to 60 miles per hour. Health officials declared a mass casualty event to manage the medical response for the injured. Canadian National Defense officials and the Prime Minister expressed their condolences and concern.

Actor Tiger Shroff escaped unharmed after shots were fired at him in Juhu, Mumbai. This incident adds to a series of shootings targeting Bollywood personalities over the last few years. The Lawrence Bishnoi gang has been implicated in several of these attacks, including an incident involving Salman Khan. High-profile cases include filmmaker Rakesh Roshan's injury in 2000 and T-Series founder Gulshan Kumar's murder in 1997.

A firing incident allegedly targeting actor Tiger Shroffs car in Mumbais Juhu area has prompted the Mumbai Police to form 15 teams to investigate the case. Shroff and his driver were taken to Nanavati Hospital following the incident, with the driver sustaining a gunshot injury. Maharashtra Chief Minister Devendra Fadnavis has directed police to conduct a swift investigation. Alleged claims of responsibility linked to the Lawrence Bishnoi gang remain unverified.

Bharti Airtel is the first telecom company to introduce voice-and-SMS-only prepaid plans without mobile data. These new offerings align with the Telecom Regulatory Authority of India's recent regulations aimed at reducing tariffs. The plans, priced at Rs 185, Rs 203, and Rs 206, provide unlimited calls and SMS with varying validity. This initiative targets customers who primarily utilize voice and messaging services, particularly feature phone users.

Maharashtra Food and Drug Administration suspended the licenses of Reliance Retail warehouses after inspections showed safety violations. The inspections revealed issues such as rodent infestation, improper storage, and expired products. In another facility linked to Blinkit, cold-room temperatures exceeded safe limits, and employees lacked necessary food safety training. The FDA registered FIRs and seized a significant quantity of expired products.

Anand Mahindra recently reflected on his trips to Rishikesh in the early days of filmmaking, remembering Bankhandi Baba and meals at the Chotiwala restaurant. Responding to the transformation of the holy city, which features new riverfront promenades and improved public areas, he voiced optimism that modernisation would maintain Rishikeshs spiritual allure and cultural essence.

Tiger Shroff attack: Bollywood actor faced an alarming shooting incident while leaving a football ground in Juhu, Mumbai. Three motorcycle-borne men opened fire near his vehicle, injuring his driver and another person. While Tiger Shroff himself was unharmed, the police have launched an investigation into the shooting. A man claiming to represent the Lawrence Bishnoi gang allegedly took responsibility for the attack.