The Economic Times

Indian customs authorities have held about 1,500 tonnes of soybean cargoes at JNPT after importers failed to provide documents proving the shipments originated in Niger and qualified for duty-free entry. The scrutiny follows a sharp surge in soybean imports declared as coming from Niger and concerns that Nigerian beans may have been mis-declared to avoid import duties.

Foreign investors withdrew $23.49 billion from Asian equities in September as rising US Treasury yields, inflation fears and tighter monetary policies weakened risk appetite. South Korea and India led outflows, while hedge funds reduced exposure amid persistent market uncertainty.

European companies are expected to post 21% third-quarter earnings growth, led by energy firms benefiting from supply disruptions. However, excluding energy, growth is forecast at 9.7%, while real estate earnings are projected to fall sharply.

US stocks have defied a sharp rise in Treasury yields as AI-led earnings growth offsets pressure from higher interest rates, says valuation expert Aswath Damodaran. However, with equity risk premiums falling below 4%, he warns that the rally hinges on whether AI investments can deliver the profits investors expect, raising the risk of a sharp market correction.

Zetwerk is preparing to launch an IPO as early as October 15, seeking to raise up to $525 million at a targeted valuation of $2.8 billion. The offering will include a fresh issue and a secondary sale by existing shareholders.

A teacher was approved for working till 62 years age however, she was denied gratuity payment on the ground that the retirement age was 60 so she should have exercised the gratuity option at 60 and not 62 years age.

European shares rebound as easing oil prices and retreating bond yields support sentiment amid hopes of reduced Middle East tensions. Telecom stocks lag after SpaceXs spectrum deal sparks concerns about rising competition for established wireless operators.

SEPC shares jumped nearly 11% to Rs 5.47 on Friday after securing an Rs 854.57-crore contract from SAIL for its IISCO Steel Plant expansion in Burnpur. The deal pushes SEPC's consolidated order book past Rs 10,000 crore, nearly 10 times its market capitalisation, providing multi-year revenue visibility.

How Do Family Offices Hunt for Multibagger Startups?

Bhaskar Rao has requested the Union Home Ministry to verify Dhruv Rathee's citizenship and immigration status. This request follows Rathee's participation in a protest against the Election Commission of India. Rao expressed concerns about foreign nationals participating in organized political demonstrations in India.

The 10-year US Treasury yield could reach 6% for the first time since 2000, according to Pimcos Dan Ivascyn. Rising oil prices, inflation concerns, mounting government debt and bond market pressures threaten financial stability. Higher yields could increase borrowing costs, weaken stocks and corporate bonds, and tighten global financial conditions.

Ace investor Ashish Kacholia trimmed his stake in Carysil by over 2 lakh shares during the July-September quarter of FY27, reducing his holding to 2.72%. The kitchen sink makers stock has corrected sharply from its July peak after a strong rally earlier this year. Heres a look at Carysils recent share price performance, long-term returns and analyst outlook.

The Nifty India Defence index rallied 25% in H1 FY27 despite broader market volatility, with 10 defence stocks gaining 50% to 600%. Six stocks, led by Sigma Advanced Systems, Unimech Aerospace, and MTAR Technologies, turned multibaggers by more than doubling investor wealth over six months, ACE Equity data showed.

Pidilite Industries shares rose on Friday after the company appointed Amit Agarwal as CFO-designate and Senior Management Personnel, effective October 9, 2026. Agarwal brings over 22 years of finance experience and has previously worked with Pfizer, Hindustan Unilever and Vedanta Resources. He is a Chartered Accountant, Cost Accountant and Company Secretary.

IT stocks rallied up to 4% on Friday, adding Rs 70,000 crore in market capitalisation, despite the US suspension of a labour certification programme. Strong Q2 results from TCS, easing oil prices and bond yields, and developments around OpenAI also supported sentiment. TCS gained after reporting 15% profit growth, while brokerages flagged near-term margin pressures and evolving AI-related risks.

Sridhar Vembu, the founder of Zoho, is encouraging Indians working in the United States to return home. He highlighted how recent immigration policies have created uncertainty for Indian professionals despite their significant contributions. Vembu emphasized the opportunity for returning professionals to help shape India's technology ecosystem. This call to action follows the suspension of several tech companies from the Permanent Labour Certification program.

Abhijeet Dipke, founder of the Cockroach Janata Party, condemned the Indian government's cancellation of trains for upcoming protests. The Delhi Police denied permission for protests at Jantar Mantar, which Dipke claims does not require police approval. He confirmed the protest would still proceed on October 10 despite the lack of authorization. Indian Railways announced multiple train cancellations and rescheduling on the same day.

Several high-profile IPOs have been withdrawn, delayed or shelved in 2026 as market volatility and valuation concerns weigh on investor demand. From Firmus and Oura to PhonePe and KNDS, companies are reassessing public listings and fundraising plans.

President Droupadi Murmu has agreed to meet with leaders of the Opposition INDIA bloc on Friday evening. This meeting is scheduled amid ongoing protests by Opposition parties regarding the Chief Election Commissioner. Opposition MPs had earlier been halted by police while marching towards the Election Commission's office. They later shifted their protest to Raj Ghat, requesting the President's attention on this matter.

Vedanta shares rose on Friday after the mining major announced its first interim dividend of Rs 5 per share for FY27, with a total payout of Rs 1,955 crore. The dividend marks the company's first since its demerger into five entities, which could reshape its future dividend payouts.

Chinese blue-chip stocks fell significantly, marking their lowest point in over a year. The CSI300 Index decreased by 1.3%, while the Shanghai Composite Index dropped 1.2%. Conversely, Hong Kong's Hang Seng Index saw an uptick of 1.1%, driven by a surge in technology stocks. Investor sentiment has leaned towards safer sectors amid concerns regarding currency fluctuations and AI-related investments, highlighting a pervasive caution across both markets.

The Supreme Court has dismissed a plea for an independent investigation into the Cockroach Janata Party's protests. These protests occurred in July over alleged NEET-UG paper leak issues at Delhi's Jantar Mantar. Protesters demanded accountability for examination irregularities and the resignation of Union Education Minister Dharmendra Pradhan. Climate activist Sonam Wangchuk supported the protests by launching an indefinite hunger strike.

Communications Minister Jyotiraditya Scindia responded to Elon Musk's allegations regarding Starlink's delayed launch in India. He emphasized that India does not permit monopolies in any sector and highlighted the government's clarity on satellite communication licenses. Scindia noted that all three licensed companies are at the same regulatory stage pending security clearances.

Singapores central bank is widely expected to tighten monetary policy on October 14 as resilient economic growth and rising inflation risks persist. Geopolitical tensions, higher oil prices and potential food supply disruptions are adding pressure. Economists anticipate a modest Singapore dollar appreciation adjustment, balancing inflation control with economic stability amid global uncertainty.

Gold rates today: Gold rates increased today for 22k gold jewellery across major brands such as Tanishq and Malabar Gold.

The Supreme Court has declined a request to allow greater police authority regarding protesters in Delhi. Chief Justice Surya Kant expressed concern for the future of young student protesters and their families. The court noted the importance of preventing unnecessary legal entanglements for these young individuals. However, it clarified that earlier protective measures do not apply to individuals accused of serious crimes.

Auditors are increasingly adopting artificial intelligence to enhance the efficiency and accuracy of audits in India. These technological advancements allow auditors to analyze vast amounts of data and detect inconsistencies effectively. AI tools automate repetitive audit tasks, which helps auditors focus on more complex decision-making processes. The role of human judgment remains essential, as AI cannot replace professional expertise in audits.

Vivriti Asset Management has completed and exited its Vintage II credit funds, returning over Rs 2,260 crore in capital and income. The funds invested across more than 45 companies, delivering gross IRRs of around 12% to 15%.

Maas Group shares plunged nearly 11% after Nvidia-backed Firmus withdrew its planned $5 billion IPO, raising valuation concerns. Despite the setback, contracts worth A$1.1 billion remain intact, providing revenue visibility amid uncertainty over Firmus's funding strategy and AI infrastructure valuations.

The Modi government is facing scrutiny regarding heavy security measures ahead of the Cockroach Janata Party's protest. More than 20,000 police and paramilitary personnel have been deployed across Delhi to maintain order. The Congress party has criticized the government's actions as a sign of panic following protests by the INDIA bloc. Police have warned against unauthorized gatherings and violence during the scheduled protest.

Delhi Police has directed DMRC to reduce train frequency and close gates at 57 metro stations from 9 pm on October 9 until the situation normalises on October 10, citing proposed protests and potential crowd movement near sensitive areas.

Cupid shares jumped hit a fresh 52-week high of Rs 368 on Friday, extending their rally for a fourth straight session. Earlier this month, Cupid raised its FY27 revenue and profit guidance for the second time in less than two weeks, targeting revenue of Rs 800 crore and net profit of Rs 250 crore for the financial year.

Approximately 200 protesters assembled in central Delhi to express their discontent over abusive language used against Prime Minister Modi. The gathering was organized by the Lal Hit Janata Party in response to ongoing protests. Demonstrators called for an end to verbal assaults on public figures, including police and military personnel. The event coincided with planned protests by the Cockroach Janata Party against Chief Election Commissioner Gyanesh Kumar.

Broadcom shares fall despite strong AI demand as concerns over OpenAIs financing, revenue outlook and elevated spending expectations weigh on sentiment. Investors assess whether AI infrastructure growth can sustain chipmakers ambitious revenue targets.

Navigating the KYC process for NRIs investing in India can be complex, requiring specific documents and verification steps. From ensuring document accuracy to understanding attestation requirements, several factors can impact the smooth completion of KYC. Explore the essential documentation and common pitfalls faced by NRIs in their investment journey.

The Union health ministry aims to restrict advertising of prescription drugs by retailers and distributors, requiring prior government approval. This measure is in response to concerns about unauthorized promotion and inappropriate self-medication. A new sub-rule is proposed to ensure compliance across the pharmaceutical supply chain. Stakeholders are invited to provide feedback on this draft notification within 30 days.

BJP candidates are showing strong leads in Nandigram and Rejinagar seats during the ongoing by-elections. Hasarani Rath, linked to Chief Minister Suvendu Adhikari, is ahead by over 9,500 votes. Milan Pradhan from Congress is trailing in second position. The by-elections function as an early electoral test for West Bengal's political dynamics following recent Assembly elections. Counting commenced at 8 am amid robust security measures at the counting centers.

Chipotle shares surged on reports of a potential Starbucks acquisition, sparking takeover speculation. Despite the rally, slowing sales, rising costs and margin pressures remain concerns for investors evaluating recovery prospects and future earnings growth.

Hospital stocks rose up to 5% after the government capped trade margins on non-scheduled anti-cancer drugs at 30%, potentially reducing medicine prices by 70%. Jefferies and Emkay expect manageable earnings impacts, despite near-term margin pressures. Jefferies favours Fortis, Manipal, Apollo, Max Healthcare and Medanta, citing strong demand and attractive valuations.