🏛️Union Cabinet Approves 8th Pay Commission
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🗞️ Union Cabinet approves 8th Pay Commission terms
The Union Cabinet has approved the terms of reference for the 8th Pay Commission, setting the stage for possible pay hikes in the government sector.
💬 Expert Take — “This is a significant move, likely to ease employee sentiment ahead of upcoming elections. Pay hikes could boost domestic consumption, especially in the public sector.”
🗞️ Qualcomm shares rise 20% on new AI chip
Qualcomm saw its shares surge 20% after unveiling its next-gen AI chip, which is expected to power a wide range of consumer electronics and autonomous devices.
💬 Expert Take — “Qualcomm’s AI chip could redefine the market, particularly in 5G, IoT, and automotive sectors. Investors are bullish, anticipating strong adoption across tech giants and startups alike.”
🗞️ Government approves 7 projects worth ₹5,532 crore
The Indian Government has approved 7 new projects under the Electronics Components Manufacturing Scheme (ECMS), which will generate 5,000 jobs across various manufacturing sectors.
🗞️ Adani Green Energy’s sales jump 39% YoY
Adani Green Energy recorded a 39% YoY sales increase for H1 FY26 and added 2,437 MW of renewable capacity, as demand for clean energy grows.
🗞️ IPOs worth $2 billion to launch next week
As per Financial Express, IPOs worth $2 billion will hit the market next week, with a significant boost expected in investor participation amid festive season optimism.
🗞️ E-commerce, two-wheelers, and credit cards get festive GST boost
GST cuts have provided a festive boost to sectors like e-commerce, two-wheelers, and credit cards, spurring demand ahead of Diwali.
🗞️ Apple hits $4 trillion market cap
Apple became the first company ever to reach a $4 trillion market cap, driven by strong iPhone sales and continued dominance in the tech sector.
🗞️ Gold drops below ₹1.19 lakh/10g
Gold prices have fallen below ₹1.19 lakh per 10 grams due to optimism surrounding the US-China trade talks, while silver also saw a decline of 1%.
📊 Market Update
📉 Sensex: 84,628.16 ▼ 150.68 pts (-0.18%)
📉 Nifty 50: 25,936.20 ▼ 29.85 pts (-0.11%)
💱 USD/INR: 88.26
🪙 Gold (per gram, Pune): 24K ₹12,437 ▼ ₹71 | 22K ₹11,400 ▼ ₹65
🥈 Silver (per kg): ₹1,55,000 ▼ ₹4,000