🏦 Economy/Policy
• ₹7,300 Cr rare earth magnet scheme pending Cabinet approval 💹
Aims to reduce import dependence and strengthen EV and electronics supply chains.
Positive long-term for strategic minerals and manufacturing ecosystem.
• Labour reforms seen as biggest since 1991 📈
Structural changes expected to improve labour flexibility and formalisation.
Supportive of long-term productivity and investment sentiment.
• India to cross $4 trillion GDP in FY26 💰
CEA Nageswaran projects strong growth momentum and macro stability.
Reinforces India’s position as a major global economic powerhouse.
• New labour codes may boost consumption by ₹75,000 Cr 💹
SBI report highlights higher disposable incomes and formal job growth.
Positive outlook for FMCG, retail and discretionary sectors.
• Q3 FY26 growth to be driven by festive demand and GST relief 📈
ICRA expects recovery in urban and rural consumption.
Supports earnings visibility for India Inc in H2FY26.
• RBI signals possible repo rate cut in December 🏦
Governor signalled easing as CPI inflation hits multi-year lows.
Rate cut could lower borrowing costs and lift capex and credit growth.
🏢 Companies
• Apollo Micro Systems ties up with IIT-Chennai and Indian Navy 🏦
Tri-party alliance focused on indigenous EW and precision guidance tech.
Strengthens long-term defence R&D pipeline and Make-in-India push.
• Reliance–Samsung strategic talks in Seoul 💹
Mukesh Ambani met Jay Y. Lee to explore 6G, AI data centres and semiconductors.
Signals RIL’s deeper push into next-gen tech and global partnerships.
• Corporate earnings trend turns strong 📈
69% of Q2 FY26 firms met or beat estimates with 13% YoY profit growth.
Best quarterly performance since Sept 2023, per HSBC.
🌍 Global/World
• India–US Phase 1 trade deal nearing completion 💹
Pact expected by end-November with progress on tariffs and farm imports.
Positive for export-oriented sectors and cross-border investments.
• India’s Russian oil imports set to hit 3-year low 💰
December imports expected to fall as sourcing strategies diversify.
Could slightly impact refining margins and trade deficit dynamics.