The Economic Times

INOX Air Products, an integrated industrial, medical, electronic and specialty gases company, has filed DRHP with Sebi for launching an IPO.

Sebi has provided observations for the IPOs of Carlsberg India, Matangi Rubber, Ujin Pharma, and TMC Transformer. Carlsberg's filing is under wraps, with specifics to be announced later. Matangi Rubber intends to issue 57.61 lakh new shares, complemented by an offer for sale. Ujin Pharma is looking to offer 1.18 crore shares, and TMC Transformer targets a substantial Rs 550 crore IPO, consisting solely of new issues.

The government has extended the RoDTEP scheme until December 31, 2026, to support exporters amid challenges. This extension maintains the existing reimbursement rates and value caps for various export units. The RoDTEP scheme reimburses taxes and duties that are not refunded through other means, helping ease export costs. It has already covered over 10,700 tariff lines, with substantial disbursements made.

SBI Research forecasts a rise in CPI inflation to around 5.65 percent in September. They expect it to exceed 6.5 percent during October and November. Inflationary pressures have broadened significantly since the last monetary policy meeting. Additionally, the weakening rupee poses further risks to economic stability. The Reserve Bank of India may adjust its GDP growth and inflation projections during the upcoming policy review.

Crypto markets rose on Friday as total market capitalisation reached $3.042 trillion, with Bitcoin reclaiming $85,000 amid easing Treasury yields and a short squeeze. Bitcoin gained about 2%, while Ethereum held above $2,700. Investors now await US jobs data for clues on Treasury yields, the dollar and cryptos next move.

With the Fed entering a tightening cycle, India faces a tougher monetary policy trade-off as the rupee remains under pressure and inflation shows signs of broadening. Ankita Pathak of Ionic Asset says RBIs policy flexibility could narrow, while elevated US yields and a stronger dollar may weigh on Indian equities and capital flows.

In a significant move for India's market, Sebi has greenlit IPOs for Carlsberg's local entity, TMC Transformers, Ujin Pharma, and Matangi Rubber. TMC Transformers aims to raise Rs 550 crores via new equity to establish a manufacturing plant. Ujin Pharma's offering includes fresh shares and a sale from its promoters, while Carlsberg joins other global firms in this venture. Matangi Rubber has also successfully navigated the IPO approval process.

360 ONE Capital Research has picked eight stocks for October, including Coal India, NTPC and ITC, with Buy ratings and target prices, citing earnings prospects and growth drivers.Coal India, NTPC among 360 ONE Capital Researchs 8 stock picks for October. Check full list with target prices

GIFT City is emerging as a gateway for Indian investors seeking global diversification, offering access to US stocks, ETFs and sectors such as AI and semiconductors. Mustafa Pardiwala of Mirae Asset Capital Markets (IFSC) explains how investors can start with smaller amounts, the role of ETFs, currency risk and fractional investing.

Multiple FIRs have been registered in Karnataka over alleged irregularities in the ongoing Special Intensive Revision (SIR) of electoral rolls. Cases in Belagavi, Bidar and Mysuru involve allegations of fraudulent Form-7 applications, forged documents and attempts to remove voters' names from electoral rolls. Police said investigations are underway, while Karnataka Chief Minister D K Shivakumar has also demanded action over alleged electoral fraud.

Japanese rubber futures saw a minor decline amid a slight pullback in Tokyo equities, yet they continue to show prospects for growth. The Osaka Exchange's rubber contract dropped due to concerns over interest rates and geopolitical instability. With natural rubber production declining alongside consumption, the market faces ongoing supply challenges.

Bajaj Finance plans to raise up to Rs 17,500 crore through a Rs 11,700-crore QIP and Rs 5,800 crore warrant issue to promoter Bajaj Finserv. The fundraising requires shareholder approval; institutional investors will receive QIP shares while promoter warrants could help maintain Bajaj Finservs stake and limit dilution.

The Centre has formally identified 28 strategic places and geographical features in Ladakh on the official Survey of India map, including Gogra and Hot Spring, which were friction points during the 2020 India-China border standoff. The move, carried out in consultation with the Ladakh administration, aims to standardise place and feature names, improve identification and promote public awareness of the sensitive border region.

Foreign currency non-resident inflows have significantly bolstered rupee stability and India's balance of payments. However, the current support from these inflows may not suffice for long-term external stability. Foreign institutional investor flows are crucial for maintaining economic balance as the support from FCNR is absorbed. India's goods deficit has reached a decade-high despite continuous support from services exports and remittances.

Parents receiving money from their NRI children in India may enjoy tax exemptions on gifts, but large transactions can attract scrutiny from the Income-tax Department. Understanding when these transfers could prompt questions and how to document them properly is crucial for avoiding potential tax liabilities or notices. Learn about the necessary safeguards and responses to inquiries.

India's Commerce Minister Piyush Goyal is actively engaged in negotiations for several trade agreements at the G20 meeting. Talks with the US include an interim pact and finalizing issues for a broader agreement. Discussions with Canada aim to conclude a Comprehensive Economic Partnership Agreement by the end of 2026. Existing trade agreements with the UK and Australia are also under review for their implementation and effectiveness.

Gold rate today: On October 2, 2026, gold prices saw slight upticks as consumers observed the latest trends in bullion and jewellery costs. The IBJA also published revised rates for various gold and silver purities.

Su Mudaerji, nicknamed the Tibetan Eagle, is the first Tibetan fighter in the UFC. He recently achieved a significant victory in front of a large crowd in Shanghai. His success has inspired many young people in Tibetan communities to pursue mixed martial arts. UFC's growing popularity in China has led to increased attention for fighters like Sumu. He aspires to win a championship title in the near future.

Global agricultural prices have jumped notably due to growing tensions in the Black Sea affecting supply routes, coupled with adverse weather impacting yields. The Bloomberg Agriculture Spot Index surged by 13%, its highest quarterly growth since March 2022. Meanwhile, China's substantial purchases of American soybeans are altering grain trade dynamics.

The International Space Station, global humanitarian groups and international courts are among the names being discussed ahead of the 2026 Nobel Peace Prize announcement on October 9, while Donald Trump and Canadas Mark Carney are also seen as contenders. Analysts caution that predictions are highly speculative, with the committee typically favouring durable peace efforts and international cooperation.

Hospital stocks extended losses amid regulatory scrutiny over cancer-drug markups and pharmacy practices. Despite the selloff, Jefferies maintained Buy ratings on six healthcare companies, citing target-price upside ranging from 22% to 46% and strong projected EBITDA growth through FY29.

Saurabh Bharadwaj was detained by police after arriving at Jantar Mantar for a protest. He urged people to join the demonstration peacefully and expressed concerns about democracy. Despite police restrictions and closed metro stations, he encouraged citizens to participate in the protest. Bharadwaj also criticized the police presence at his residence and made political remarks linking the Prime Minister and the Election Commission.

The Sensex and Nifty have fallen for eight straight weeks, wiping out more than Rs 26 lakh crore in market capitalisation. While elevated oil prices have pressured equities, soaring bond yields, foreign outflows, a stronger dollar and tighter liquidity are adding to the selling pressure and weighing on investor sentiment.

Gold prices fell 0.6% to $4,154.78 an ounce, heading for a second weekly decline as a stronger US dollar and elevated Treasury yields pressured bullion. Traders await US jobs data for Fed-rate clues. With MCX closed for Gandhi Jayanti, international markets, Middle East tensions and weekend developments could drive Mondays domestic opening.

Mrs Chudamasas counsel argued that the AO had erred in treating Rs 2,31,20,000 as investment made during financial year 2017-18. He submitted that the actual payments during the year aggregated to Rs 1.85 crore, comprising Rs 1.73 crore paid to the builder and Rs 11.86 lakh towards registration charges and legal expenses. Read on to know on what grounds did she win in ITAT Mumbai.

Iran is reportedly just weeks away from having a nuclear weapon, which concerns global leaders. US President Donald Trump highlighted the urgency of the situation, emphasizing that action is necessary. He stated that this situation could lead to broader conflict in the Middle East and beyond, particularly affecting Israel. Additionally, he mentioned that oil prices have remained stable despite earlier fears of significant increases.

New footage and details have emerged regarding a FlyDubai co-pilot's failed attempt to crash a Tel Aviv-bound flight. Quick-thinking passengers and crew subdued the attacker, while Indian Captain Smit Machchhar fought back to unlock the cockpit. Machchhar is recovering well in a UAE hospital, hailed for preventing a major disaster.

Vladimir Putin highlighted significant potential for economic collaboration with India, particularly in transport and shipping corridors. He expressed readiness for joint maritime initiatives following successful pilot voyages with China and South Korea. Putin praised Prime Minister Narendra Modi's efforts towards resolving the Ukraine conflict through dialogue and mutual understanding. Meanwhile, discussions about alternative trade routes to the Indian Ocean are gaining traction to mitigate reg

Asian Games 2026 Medal Tally: India climbed to seventh place in the Asian Games 2026 medal tally after winning its 11th gold medal on Friday. The Indian womens recurve archery team made history by defeating South Korea in the final to secure a maiden gold in the event. Indias tally now stands at 67 medals, including 11 gold, 23 silver and 33 bronze.

Nifty valuations have reset sharply from 2024 levels and are now near post-Covid lows, says Alchemy Capitals Alok Agarwal. He sees the next phase of market growth broadening beyond large caps. Mid- and small-caps, AI infrastructure, healthcare, manufacturing and select defence companies offer opportunities, while global yields and FPI flows remain key.

A Tennessee execution failed after Christa Pike remained alive despite receiving two doses of pentobarbital, breathing and making sounds for more than an hour before being taken to hospital in critical condition. The botched execution prompted Governor Bill Lee to order a review and postpone another execution scheduled for later this year.

India's economic growth is projected to slow to 5.5-6% in the second half of 2026-27. This slowdown follows a robust growth of 7-7.5% in the first half of the financial year. Combined capital expenditure growth is expected to moderate significantly from 13.2% to around 4% in the latter months. Additionally, the central government's capital expenditure growth will weaken due to a declining fiscal position.

Cockroach Janta Party plans to initiate a nationwide protest starting in Mumbai demanding the resignation of Chief Election Commissioner Gyanesh Kumar. The movement aims to highlight the perceived undermining of the electoral process and the right to vote. Party spokespersons emphasize the necessity of ensuring a level playing field for the youth of India. They anticipate a peaceful protest while expecting full cooperation from the Mumbai Police.

The yield on the 10-year Treasury note has surged past its 2007 high, now sitting at 5.34%. At the same time, 30-year US bonds have hit a 24-year peak this week. The rise in global sovereign debt is primarily driven by escalating oil prices amid the ongoing Middle Eastern conflict. Investors are now bracing for potentially further interest rate hikes from central banks.

Indian equity markets faced significant pressure as US bond yields surged, leading to a record selloff. The Sensex and Nifty experienced prolonged declines, surpassing previous downturns witnessed during the Covid pandemic. Foreign investors continued to withdraw their investments amidst rising crude oil prices, negatively impacting the rupee's value. Analysts suggest selective stock opportunities may arise despite challenging macroeconomic conditions.

Sri Lotus Developers & Realty has seen a remarkable 29% increase in shares, significantly outpacing the wider market. This boost is attributed to the anticipation surrounding their luxury initiatives and redevelopment projects, which promise robust pre-sales and profit margins. With 22 projects planned, the anticipated gross development value ranges from 17,500 to 18,000 crore. Furthermore, collections have surged year-over-year, suggesting a bright growth trajectory for the current fiscal year.

India and Australia are looking to accelerate negotiations on their Comprehensive Economic Cooperation Agreement, with Commerce Minister Piyush Goyal and Australian Trade Minister Don Farrell discussing cooperation in pharmaceuticals, services, investment, agri-tech and critical minerals. The two sides also reviewed implementation of their existing ECTA and are working towards a bilateral investment treaty.

The US has urged European allies to release strategic diesel reserves immediately as global fuel prices surge amid supply disruptions linked to the Iran war. Washington is also considering a diesel export ban, putting pressure on France and Germany to tap stockpiles. US diesel prices have climbed more than 70% since the war began, reaching $6.39 a gallon.

In an unprecedented turn of events, foreign portfolio investors have divested a staggering amount exceeding 3 lakh crore from Indian equities within the initial nine months of 2026. This marks a record outflow, largely driven by rising US bond yields and ongoing geopolitical conflicts, which diminish India's appeal for international investors.

India and Bulgaria have called for early implementation of the India-EU free trade agreement, saying it could significantly deepen bilateral economic ties. The two sides also reviewed cooperation in trade, investment, AI, space, defence, science and technology, while discussing wider regional and global issues.

8th Pay Commission pension calculator: Around 69 lakh pensioners fall under the central government's administration, with most benefiting from the Old Pension Scheme. Employee organisations are urging changes to the terms of the 8th Pay Commission to accommodate earlier revisions in pensions. The 8th Pay Commission has an 18-month deadline to submit its report. Modifications for Level 5-9 employees pensions will hinge on forthcoming fitment factors and estimates released alongside the commission

Vishakha Renewables, a company founded by Gautam Adani that specializes in solar components, has submitted its Draft Red Herring Prospectus. The firm aims to secure 1,250 crore through an initial public offering, designated for debt repayment and other corporate needs. A portion, 900 crore, will specifically address current borrowings. The IPO also includes an offer-for-sale of 1.81 crore shares, with proceeds benefiting the selling shareholders.

The Indian rupee has markedly dipped against the US dollar, hitting 96.3150. This decline is attributed to escalating US bond yields, which have exerted pressure on emerging market currencies. Additionally, Indias primary equity indices have encountered their most prolonged downturn in 25 years, signaling a turbulent market climate. In tandem, the dollar index has surged to 101.9, exacerbating the rupee's depreciation and reflecting ongoing currency exchange volatility.

India's 10-year benchmark bond yields have surged to 7.21%, reaching their highest point in two and a half years. With oil prices continuing to soar and an anticipated rate hike, analysts predict these yields could escalate to 7.50% if the Reserve Bank of India enacts a 25 basis point increase. A substantial bond issuance is on the horizon, adding complexity to the supply-demand landscape.

On Thursday, four astronauts launched by SpaceX successfully reached the International Space Station after an eight-hour journey. The mission marked the fastest transit to the station by a US operator, including NASA. Commander Jessica Watkins made history as the first Black woman to lead an orbital crew. Other crew members include NASA's Luke Delaney, Canada's Joshua Kutryk, and Russia's Sergey Teteryatnikov.