Business

Foreign institutional investors sold Rs 34,970 crore of Indian equities last week, extending their selling streak, while domestic institutions bought Rs 33,460 crore. Weak global cues, elevated crude prices, bond yields and rupee depreciation weighed on markets, with Nifty falling 3.1 per cent

Indian banks incurred nearly $500 million in foreign exchange trading losses after RBI regulatory changes forced lenders to unwind positions, a report said. Banks subsequently recovered around $400 million as market spreads widened and trading positions were normalised

Indian equity markets will remain closed on Friday for Mahatma Gandhi Jayanti, with BSE and NSE trading resuming on Monday. MCX will also remain shut. The closure follows a fourth consecutive session of losses amid foreign outflows and rising crude prices

SBI Research said the balance of risks has shifted towards a 25-basis-point RBI rate hike, citing broader inflationary pressures, global risks, liquidity conditions and currency pressures. The RBI's MPC is scheduled to meet from October 5 to 7

Commerce Minister Piyush Goyal held talks with trade counterparts from Canada, Saudi Arabia and South Korea on the sidelines of the G20 meeting in Milwaukee, reviewing CEPA and FTA negotiations, market access and investment opportunities as India expands global trade ties

Bagchi, a veteran of rival ICICI Bank and its subsidiaries since 1992, will succeed Sashidhar Jagdishan, whose six-year stint was marred by allegations of unethical conduct and questionable governance practices

The rupee fell 37 paise to close at 96.31 against the US dollar on Thursday, its lowest level in more than two months. Rising global bond yields, risk aversion, foreign investor selling and higher crude prices weighed on the currency

PIB Fact Check has debunked a fake government notification circulating on social media that claimed all Saturdays have been declared public holidays for public sector banks, including SBI. The Ministry of Finance issued no such order, and citizens are urged to verify claims via official channels before sharing.

State-owned oil marketing companies have raised commercial LPG prices by Rs 62.50 per 19-kg cylinder and increased aviation turbine fuel (ATF) rates by Rs 16 per litre from October 1, following higher international benchmark prices. Domestic LPG, petrol and diesel prices remain unchanged.

Employees are pasting customer data into AI tools. Banning them won’t work; guardrails at the prompt will

The rupee gained 13 paise to close at 95.81 against the US dollar on Wednesday, helped by an overnight decline in the dollar index, easing US Treasury yields and retreating crude prices, while weak domestic markets capped gains

Indian benchmark indices Sensex and Nifty ended lower for the third straight session on Wednesday. The Sensex declined 48.78 points to 72,480.29, while the Nifty fell 95.75 points to 22,620.45 amid oil prices and foreign fund outflows

The government proposed amendments to the Petroleum Act, 1934, including decriminalising minor licence breaches and introducing graded penalties. The draft Petroleum (Amendment) Bill, 2026 proposes civil penalties for regulatory violations and tougher punishments for serious offences involving petroleum operations and infrastructure

Tata Trusts Chairman Noel Tata has urged the Tata Sons board to review a restructuring proposal that could help avoid listing the holding company. He also questioned the RBI’s classification of Tata Sons as an upper-layer NBFC and raised concerns over philanthropic priorities

Bengaluru can price congestion, but without reliable, affordable public transport, a traffic tax could punish commuters by raising costs without reducing car use

Rising crude oil prices, inflation and higher bond yields globally have narrowed the Reserve Bank of India’s room to hold rates unchanged, BNP Paribas said. India’s macro-outlook has weakened as Brent crude rose above $100 per barrel amid global tightening

India’s tech industry faces a 53–60 per cent talent gap in GenAI and Cloud, with only 16 per cent of IT professionals possessing AI skills, a TeamLease Digital report said. GenAI demand is expected to exceed 10 lakh roles by 2026

  Gold and silver prices fell on MCX amid elevated US yields and uncertainty over the US-Iran standoff. Gold declined 0.33 per cent while silver dropped 0.93 per cent, with analysts maintaining a cautious outlook as key support levels remained under pressure 

US President Donald Trump announced that India’s Essar Group will invest USD 15 billion to build what he described as the largest steel plant in US history in Iowa. The Mesabi Metallics project is expected to produce 10 million tonnes of steel annually by 2030 and create over 1,750 jobs.

Tata Trusts have proposed merging TESS and Tata Consulting Engineers with Tata Sons, saying the move could take the holding company outside the RBI's NBFC and CIC framework. The proposal seeks to retain Tata Sons as an unlisted private company

The Supreme Court refused to stay the proposed MDR on specified UPI merchant transactions above Rs 2,000 from October 15. It sought responses from the Centre, RBI and NPCI within four weeks on a petition challenging the levy

SpaceX launched Starship toward orbit for the first time, aiming to circle Earth six times during a nearly 10-hour mission. The test is designed to demonstrate the spacecraft's capabilities ahead of planned lunar missions under NASA's Artemis programme

The rupee fell 28 paise to close at 96.03 against the US dollar on Monday as risk-off sentiment, rising crude oil prices and US-Iran tensions weighed on the currency. Forex traders said continued geopolitical uncertainty could keep pressure on the rupee

Indian stock markets fell sharply on Monday, with the Sensex plunging 1,124 points to a six-month low and the Nifty closing below 22,800. Rising crude prices, US-Iran tensions, elevated bond yields and foreign fund outflows weighed on sentiment