Business

Sensex and Nifty surged in early trade amid global market rallies and US Fed rate cut hopes. Fresh foreign fund inflows and strong Q2 earnings from Axis Bank boosted sentiment. Asian markets traded higher; trade talks with the US continue

Reliance Jio has introduced India’s first safety-centric mobile phone under its JioBharat series, aimed at protecting vulnerable users from digital threats. Unveiled at IMC 2025, the budget handset features real-time tracking, content filtering, and health monitoring, making it ideal for children, women, and senior citizens.

Sensex and Nifty opened higher on Wednesday, buoyed by gains in Asian markets amid expectations of US Federal Reserve rate cuts. Asian Paints, NTPC, and Bajaj Finance led Sensex gains, while FIIs offloaded Rs 1,508.53 crore in equities.

The Indian rupee recovered 88 paise to 87.93 against the US dollar, aided by a declining dollar index, lower crude prices, and RBI intervention. Market watchers note the impact of US Fed rate cut signals, global uncertainties, and ongoing US shutdown.

Google’s Raiden Infotech will invest over ₹87,500 crore in Andhra Pradesh for gigawatt-scale data centres, receiving ₹22,000 crore in government incentives. The project is expected to create thousands of jobs and strengthen AP’s position as a digital hub.

Gold surged to a record ₹1.27 lakh per 10 grams on MCX, tracking global gains as US-China tensions and hopes of Fed rate cuts boosted safe-haven demand. Silver also rose, while global gold hit near-record highs.

With rising debt and modest revenue growth, the State must balance ambition with fiscal prudence to secure sustainable and inclusive development

MedPlus Health Services shares fell over 3.6 pre cent after its subsidiary, Optival Health Solutions, received a 15-day drug license suspension at a Karnataka store, potentially affecting revenue. Despite setbacks, CareEdge reaffirmed its financial ratings for the company’s bank facilities

India and the US are progressing on the first phase of the Bilateral Trade Agreement. An Indian delegation is expected to visit Washington this week to discuss increased imports of oil, gas, and renewable technologies, strengthening trade and energy cooperation

India has opened applications for three flagship global AI challenges—AI for All, AI by HER, and YUVAi—offering a total prize pool of Rs 5.85 crore. Winners will showcase their innovations at the India-AI Impact Summit 2026 in New Delhi

Companies are prioritizing mid and senior-level training as AI and generative AI reshape workplaces. Demand for leadership and specialized skill development is rising, with IT, BFSI, and manufacturing sectors leading initiatives to enhance employee retention and career progression

External Affairs Minister S Jaishankar said India-Canada relations have been steadily progressing, with both nations working to rebuild trust and restore cooperation across key sectors, including security, technology, trade, and climate action, following high-level engagements between their leaders and ministers

Gold prices are set for a continued surge, with experts predicting Rs 1.3 lakh per 10 grams this Dhanteras and Rs 1.5 lakh by 2026, driven by global economic uncertainty, US-China tensions, central bank buying, and expectations of interest rate cuts.

Dr Reddy’s Laboratories and Zydus Lifesciences are recalling certain medicines from the US after USFDA found manufacturing and quality issues. The recalls, affecting muscle relaxant and hepatitis B drugs, are precautionary and classified as moderate-risk (Class II)

President Trump has threatened a 100 per cent tariff on Chinese imports from November 1 in response to Beijing’s new rare earth export restrictions. The move heightens US-China trade tensions, risks global market disruption, and underscores the fragile state of economic diplomacy

Prime Minister Narendra Modi met Qualcomm CEO Cristiano Amon to discuss India’s advancements in AI, innovation, and semiconductor technology. The meeting focused on Qualcomm’s role in India’s AI and 6G missions, highlighting collaboration opportunities across digital sectors

US Ambassador to India Sergio Gor met External Affairs Minister S. Jaishankar in New Delhi on Saturday to discuss key aspects of India-US relations. The two sides reaffirmed their commitment to deepening the strategic partnership and Indo-Pacific cooperation

The Enforcement Directorate has arrested Ashok Pal, CFO of Reliance Power, part of Anil Ambani’s Reliance Group, under the PMLA in a money laundering case linked to alleged multi-crore bank frauds. The ED continues its probe into the group companies.

Having both political risk insurance and a bilateral treaty strengthens a company’s position in resolving cross-border disputes

Of the four positions of Managing Director in SBI, one position has been opened for private sector candidates and persons working in public sector financial institutions

Gold prices rose on the MCX on Friday, supported by a weaker US dollar and firm global cues. Traders expect the Federal Reserve to cut rates soon, while gold remains near record highs after strong investor demand and geopolitical uncertainty.

Equity markets opened firm on Friday with the Sensex gaining nearly 300 points and Nifty above 25,250, led by buying in realty and utilities. TCS results and renewed FII inflows buoyed sentiment, while Asian markets traded mixed.

The rupee traded almost flat at 88.78 against the US dollar in early trade on Friday, staying close to its all-time low amid a firm greenback and importer demand. Traders expect the RBI to monitor the currency closely.

The National Cooperative Policy, if executed effectively, can transform cooperatives from safety nets into engines for competitive, community-owned enterprises