Retail Inflation Cools to 8-Year Low
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🗞️ Retail inflation drops to 1.54% in September
India’s retail inflation eased to 1.54%, the lowest since 2017, led by cooling food and energy prices. Economists expect the RBI to maintain its policy stance while supporting growth.
💬 Expert Take — “An eight-year low inflation print gives policy space for calibrated liquidity easing and rate stability.”
🗞️ Markets end lower amid global cues
The Sensex fell 174 points while the Nifty 50 slipped 58 points on weak global sentiment. Auto and financial stocks weighed on indices, while volatility rose sharply during the session.
🗞️ Supreme Court to hear Vodafone Idea plea
The Supreme Court is set to hear Vodafone Idea’s plea regarding adjusted gross revenue (AGR) dues. The verdict could influence its fundraising and government stake plans.
🗞️ Foxconn to invest ₹15,000 cr in Tamil Nadu
Foxconn will invest ₹15,000 crore in new facilities in Tamil Nadu, creating 14,000 jobs and expanding India’s electronics manufacturing capacity.
🗞️ Canara Robeco AMC IPO 80% subscribed on Day 3
The Canara Robeco AMC IPO achieved 80% subscription by Day 3, with retail and NII segments fully booked. GMP has softened but interest remains high.
🗞️ ICAI explores financing options for Indian MDP firms
The ICAI is working on financing frameworks for homegrown multi-disciplinary partnership firms to help them scale globally and compete with international audit giants.
🗞️ ChatGPT to enable UPI payments with NPCI
NPCI has partnered with ChatGPT to introduce voice and text-based UPI payments, allowing users to transact conversationally without traditional payment apps.
💬 Expert Take — “Conversational payments bridge financial literacy gaps and mark the next leap in India’s fintech adoption curve.”
🗞️ ₹1.84 lakh crore in unclaimed funds on RBI’s UDGAM
As per the RBI’s UDGAM portal, ₹1.84 lakh crore remains unclaimed across financial institutions. The portal helps citizens locate and claim dormant deposits and insurance payouts.
📊 Market Update
📉 Sensex: 82,327.05 ▼ 173.77 pts (-0.21%)
📉 Nifty 50: 25,227.35 ▼ 58.00 pts (-0.23%)
🪙 Gold (per gram): 24K ₹12,540 ▲ ₹32 | 22K ₹11,495 ▲ ₹30
🥈 Silver (per kg): ₹1,85,000 ▲ ₹5,000