Business

07

Oct

By The Press Editor

Business

RBI MPC Meeting LIVE Updates: Will Governor Sanjay Malhotra hike repo rate today?

The Reserve Bank of India will announce its bi-monthly monetary policy today, i.e. on October 7, 2026. Reserve Bank Governor Sanjay Malhotra will announce the rate decision at 10 am after the three-day Monetary Policy Committee meeting. The last repo rate hike was in February 2023, when the central bank raised the rate by 0.25 per cent to 6.50 per cent. It kept the rate unchanged through 2023-24 before beginning its rate-cut cycle in 2025. A hike in the short-term lending rate (repo) by the RBI in its upcoming monetary policy would mark a stance reversal, following four rate cuts…

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06

Oct

By The Press Editor

Business

World Bank raises India’s FY27 GDP growth forecast to 7.1% citing resilient domestic activity

The World Bank has raised India's GDP growth forecast for FY27 from 6.6 per cent to 7.1 per cent, up 0.5 per cent from its April projections, driven by a better-than-expected first-quarter print. "We have upgraded our FY27 growth forecast to 7.1 per cent from 6.6 per cent in April, as growth has held up better than expected despite trade and geopolitical uncertainties," the World Bank said in its latest India Development Update. India's growth accelerated to 7.8 per cent in FY26 from 7.2 per cent in FY25, driven by strong investment and solid private consumption, as the favourable policy…

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06

Oct

By The Press Editor

Business

Cabinet approves Integrated Transport and Logistics Authority, Rs 10,000 crore SME growth fund

The Union Cabinet, chaired by Prime Minister Narendra Modi, approved a proposal on Tuesday to establish an Integrated Transport and Logistics Authority (ITLA). ITLA will prepare a long-term Transport Plan covering roads, railways, ports and shipping, civil aviation, inland waterways, coastal shipping, urban mobility and logistics, he said. Technical appraisal of government infrastructure projects It will also undertake technical appraisal of government infrastructure projects, costing Rs 500 crore or more. Financial appraisal will continue to be carried out through the existing financial appraisal mechanisms. The authority will monitor implementation of transport and infrastructure projects above Rs 500 crore and provide a…

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06

Oct

By The Press Editor

Business

Hospital stock to be on investors’ radar as company says cancer drugs make up less than 2% of revenue

After a sharp sell-off in the Indian hospital sector, shares of Park Medi World Ltd are likely to be on investors' radar, as the company has said proposed caps on cancer and chemotherapy drug prices will have a negligible impact on its financial performance. The stock opened in the green at Rs 270.10 amid a rally in the benchmark indices. It started the trading session at Rs 270.10 against the previous close of Rs 265.10 on the BSE. The stock gained further and hit an intraday high of Rs 274.65, representing a gain of Rs 9.55 or 3.60 per cent.…

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06

Oct

By The Press Editor

Business

Tata Group retail firm Trent surges over 12%, here’s what’s behind today’s rally

Shares of Tata Group retail firm Trent surged over 12 per cent on Tuesday. The counter opened gap up with a gain of 8.74 per cent from the previous close of Rs 2,575 on the BSE. Amid a spurt in trading volume by over 4.27 times, the stock gained further to touch the upper circuit of Rs 2,832.50. Later, it touched the intraday high of Rs 2,901.20, representing a gain of 12.67 per cent. Last seen, the stock was trading at Rs 2,883.95, with a gain of Rs 308.95 or 12 per cent, and the market cap of the company…

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06

Oct

By The Press Editor

Business

Move beyond SIPs: Expert explains how to diversify into fixed income and gold

You have done everything right. Started a SIP in your twenties, increased it every time you got a raise, and religiously check your portfolio's XIRR (Extended Internal Rate of Return). But here is an uncomfortable question - if your SIP is thriving, why does money still feel stressful? According to experts, the answer is simple: a SIP is one tool in your financial toolkit, not the entire toolbox. Let's have a look at how to think about your money as a complete plan, not just an investment habit. Protect yourself before you grow your money Imagine building a beautiful house…

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06

Oct

By The Press Editor

Business

6 October, 2026 Stock Market Updates: Sensex, Nifty open in green amid easing crude prices, Trent surges 10%

Indian equity benchmark indices, the Sensex and Nifty, started the session on a steady note as easing crude prices supported market sentiment. The 30-share BSE Sensex gained 125.58 points, or 0.17 per cent, to start at 72,508.05, while the Nifty added 47.50 points to open at 22,603.25. In the last trading session, the Sensex closed at 72,382.47 and the Nifty 50 at 22,555.75.  From the Sensex pack, Trent, Kotak Bank, Axis Bank, HCL Tech and Reliance were the gainers, with Trent leading the pack by gaining 10 per cent in the early trade. Meanwhile, M&M, Bharti Airtel, Sun Pharma, Titan…

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06

Oct

By The Press Editor

Business

Kotak launches Nifty 500 Index Fund, lets you invest in top 500 companies, check subscription dates

Kotak Mahindra Asset Management Company has launched a new equity index fund for investors. The company has introduced the 'Kotak Nifty 500 Index Fund'. This open-ended scheme will track the Nifty 500 Index. The new fund offer (NFO) opened for subscription on October 5, 2026, and will conclude on October 19, 2026. Exposure to large, mid and small caps in one fund The index covers approximately 87 per cent of India's listed market capitalisation and includes companies from all three segments, i.e. largecap, midcap, and smallcap. Start investing with Rs 1,000 During the NFO, you can start investing with a…

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05

Oct

By The Press Editor

Business

Air travel to get costlier as IndiGo hikes fuel surcharge for domestic and international flights

Air travel is set to get costlier as the country's largest airline, IndiGo, has announced a hike in the fuel surcharge for domestic and international flights. According to the airline, it made the decision because of the ongoing rise in ATF (Aviation Turbine Fuel) costs. "The continuously rising ATF (Air Turbine Fuel) costs have required IndiGo to re-calibrate fuel charges across its domestic and international routes. The revised charges will be applicable to all new bookings made after 0001 hrs on 06 October 2026," the company said in a statement. This is the second time since April that IndiGo has…

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05

Oct

By The Press Editor

Business

Logistics stock ends in green amid rally in benchmark index, update on internal transfer of equity

Shares of logistics and trading firm Sindhu Trade Links Limited ended the session in the green amid a rally in the benchmark indices and an update by the company on the realignment of its equity stake via inter-se off-market transfers. The counter began the session in the green at Rs 22.57, up from the previous close of Rs 22.13 on the BSE. During the day, it touched the intraday high of Rs 22.59 and a low of Rs 21.90. The counter closed at Rs 22.59, up Rs 0.46 (2.08 per cent), and the company's market cap stood at Rs 4,161.95…

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