Business

Sensex and Nifty rebounded in early trade on Friday, supported by gains in TCS, ITC, and Maruti. Mixed global trends and foreign fund outflows kept investors cautious, while Brent crude eased and FIIs remained net sellers.

The rupee rose 5 paise to 88.64 against the US dollar in early trade on Friday, aided by lower crude prices and a weaker dollar. Persistent foreign fund outflows and equity market selling limited further gains in the domestic currency.

CoinSwitch’s Q3 2025 report highlights a generational shift in India’s crypto investment landscape, with Gen Z emerging as the largest investor group. Hyderabad maintains its rank as the fourth-largest crypto hub, with 70.4% of portfolios in profit, reflecting disciplined and fundamentals-driven investment strategies.

Cobrapost has alleged that Anil Ambani’s Reliance Group diverted over Rs 41,900 crore through shell entities and offshore firms. The conglomerate dismissed the charges as an agenda-driven campaign aimed at manipulating stock prices and acquiring its assets cheaply

Adani Airport Holdings Limited has partnered with AIONOS to deploy its Agentic AI platform, IntelliMate, across all Adani airports. The multilingual, omni-channel system will offer real-time, personalised passenger support through voice, chat, web, and mobile interfaces

Cobrapost has alleged that the Anil Ambani-led Reliance Group diverted Rs 28,874 crore using shell companies and offshore entities across multiple countries. The report claims funds were routed through subsidiaries and SPVs before being written off. The group denied the allegations

The Supreme Court has ruled that insurance companies cannot deny accident compensation solely due to route deviations or permit violations. The court said such technicalities cannot override justice and upheld a Karnataka High Court order directing payment to the victim’s family

Razorpay, through its Malaysian arm Curlec, has partnered with NPCI International to enable UPI payments in Malaysia. The move, announced at the Global Fintech Fest 2025, will allow Indian travellers to pay local merchants seamlessly using UPI apps.

Benchmark indices fell in early trade as weak global cues, foreign fund outflows, and uncertainty over US Fed rate cuts hit investor sentiment. The Sensex dropped 298 points and Nifty 90 points, while Asian markets traded mixed.

The rupee fell 21 paise to 88.43 against the US dollar on Thursday amid a stronger greenback after Fed Chair Jerome Powell said a December rate cut is not certain. Weak equities and FII outflows added to the pressure.

Gold and silver prices tumbled on MCX after the US Fed’s 25 bps rate cut, with gold down 1.51% and silver 0.97%. Caution over future rate cuts and easing safe-haven demand weighed on prices.

Telangana has emerged as a national leader in the services sector, with NITI Aayog attributing its success to sustained policy efforts under the BRS government. The State’s GSVA in services rose sharply over the decade, driven by Hyderabad’s tech and innovation ecosystem.

Central Bank of India MD and CEO Kalyan Kumar addressed staff in Hyderabad, urging a strategic shift in the bank’s loan portfolio from retail and MSME sectors towards corporate lending. He highlighted the impact of repo-linked loans on net interest margins, which have declined over the past year.

SBI Mutual Fund has invested Rs 100 crore in Lenskart ahead of its Rs 7,278-crore IPO opening October 31. The pre-IPO deal slightly reduces promoter Neha Bansal’s stake, adding to recent investments as the eyewear firm prepares for a November 10 market debut

SEBI has proposed significant reforms to mutual fund cost structures, including steep caps on brokerage fees, clearer TER disclosures separating taxes, optional performance-linked fees, and shifting NFO expenses to AMCs, aiming to boost transparency and investor benefits

The rupee traded in a narrow range against the US dollar on Wednesday as support from firm domestic equities was offset by month-end demand. Traders said RBI interventions and global central bank meetings kept the currency’s movement range-bound.

Sensex and Nifty rebounded in early trade, tracking global gains and expectations of a US Federal Reserve rate cut. Strong foreign fund inflows boosted market sentiment, with major Asian indices trading higher, though select domestic stocks lagged amid ongoing volatility

BRICS nations’ push to trade in local currencies reflects frustration with dollar dominance and signals a shift in the global monetary order

Reliance Jio has emerged as the leading telecom operator in the AP Telecom circle, which includes Telangana and Andhra Pradesh, by adding the highest number of wireline and wireless subscribers in September 2025. Jio’s growth was fuelled by strong demand for broadband and mobile services, especially in smaller towns.

The Union Cabinet on Tuesday approved the Terms of Reference for the 8th Pay Commission, chaired by retired Supreme Court judge Ranjana Prakash Desai. The panel’s recommendations are likely to benefit over 1.19 crore central employees and pensioners from January 2026

India’s industrial output grew 4 per cent in September, steady from the previous month, driven by manufacturing growth aided by GST rate rationalisation and festive demand. The manufacturing sector expanded 4.8 per cent while mining contracted and power generation rose 3.1 per cent, NSO data showed

A major split has emerged within Tata Trusts as chairman Noel Tata and two trustees blocked Mehli Mistry’s reappointment, opposing three others who backed him. The standoff, seen as a power struggle, follows Ratan Tata’s death and raises governance concerns

Gold prices fell sharply by Rs 4,100 to Rs 1,21,800 per 10 grams in Delhi, slipping below the USD 4,000 mark globally as easing US-China tensions and ETF outflows reduced safe-haven demand. Silver also tumbled Rs 6,250 per kg

Amazon will slash 14,000 corporate roles as it increases spending on artificial intelligence. The move, announced by Senior VP Beth Galetti, is aimed at reducing bureaucracy and realigning resources to support the company’s biggest technology priorities