UPI Goes Biometric: Pay by Face ✅
Your daily dose of business news
🗞️ Auto industry posts record 34% festive growth
India’s automobile industry reported a 34% year-on-year growth this festive season, the highest ever, as September sales rose marginally despite rural headwinds.
💬 Expert Take — “Passenger vehicle demand remains strong even amid price hikes—sustained momentum through Diwali could make FY26 a landmark year for auto retail.”
🗞️ UPI introduces fingerprint & face payments
The NPCI has launched biometric authentication for UPI transactions, enabling users to approve payments via fingerprint or facial recognition instead of PIN entry.
💬 Expert Take — “This is UPI’s biggest UX upgrade since launch—biometrics will deepen adoption among seniors and new smartphone users.”
🗞️ AMD shares surge 30% after OpenAI stake
AMD stock jumped nearly 30% after OpenAI announced a 10% stake in the chipmaker, signaling a deep partnership on next-gen AI hardware.
🗞️ IPO checklist: Tata Capital, LG, and others
Before investing in new listings like Tata Capital and LG Electronics, analysts urge retail investors to assess valuations, lock-in periods, and grey market signals.
🗞️ Gold hits new record at ₹1,20,900 per 10g
Gold prices touched a new lifetime high of ₹1,20,900 per 10g on the MCX, driven by global safe-haven demand amid tariff and rate uncertainties.
🗞️ World Bank raises India’s FY26 growth forecast
The World Bank raised India’s FY26 GDP growth outlook while cautioning about tariff-linked trade risks that could weigh on exports.
🗞️ FM flags deepfake threat amid rising AI misuse
Finance Minister Nirmala Sitharaman warned about AI’s darker side, citing fake videos and deepfakes that can mislead voters and damage credibility.
🗞️ Markets upbeat; 7 stocks to watch
As per Livemint’s trade setup, equities opened strong on positive global cues. Analysts highlighted key movers including Tata Capital, Infosys, ONGC, and Hindalco.