💹 Economy & Policy
- The World Bank raised India’s FY26 growth estimate while trimming its FY27 forecast, citing resilient domestic demand but moderating external conditions.
- India Inc. is projected to offer an average 9% salary hike in 2026, led by real estate and NBFC sectors.
- Maharashtra aims to become India’s semiconductor capital by 2030, said state adviser Kaustubh Dhavse.
- GenAI adoption has caused a 20% decline in white-collar job listings across South Asia, according to the World Bank.
- UPI gets a biometric upgrade — users can now pay using face, fingerprint, or wearables, enhancing security and convenience.
📈 Equity Markets
- Sensex and Nifty extended their winning streak for the fourth straight session, ending with modest gains of 0.13%.
- Railway-related stocks saw strong buying momentum, expected to continue in the near term.
- FPIs turned net buyers after 10 days of selling, signaling renewed foreign interest in Indian equities.
- Three major IPOs drew strong participation — LG Electronics fully subscribed on Day 1, WeWork India closed at 1.15x, and Tata Capital’s ₹15,512 crore issue reached 75% subscription.
- Mutual fund industry reached a record ₹77.1 trillion AUM in Q2 FY26, reflecting strong retail and SIP inflows.
- Earnings season kicks off with IT majors — TCS, HCLTech, and Tech Mahindra to report Q2 results from October 9, with expectations of margin recovery.
🏦 Companies & Tech
- Tata Group’s top executives met Amit Shah and Nirmala Sitharaman amid reports of a trust boardroom rift.
- Anthropic to establish an India office and explore strategic partnerships with Reliance.
- OpenAI launched its new “Agent Builder” platform for creating custom AI agents.
🌏 Global & World
- UK PM Keir Starmer’s India visit aims to deepen collaboration in trade, fintech, and defence sectors.