💹 Economy & Policy
- The Government of India to launch a ₹7,350 crore plan to boost rare earth magnet production, vital for EVs and clean-tech supply chains.
- The World Bank cut South Asia’s growth outlook, citing sluggish global trade and fiscal pressures.
- EFTA nations target $100 billion investment and 1 million jobs in India over the next 15 years under the new FTA framework.
- India’s capex by 60 CPSEs more than doubled in September to ₹1.13 lakh crore, reflecting a strong infrastructure push.
- India stands out as a global growth driver while China’s momentum slows, says IMF chief.
- India on track to achieve 500 GW renewable energy capacity by 2030, says Union Minister Pralhad Joshi.
- India now ranks 3rd globally in solar energy production, driven by accelerated project execution.
📈 Equity Markets
- Nifty snapped its four-day winning streak, ending 0.27% lower just below 25,050 amid profit booking.
- Broad-based buying in IT stocks continued ahead of Q2 results, supported by a positive technical setup.
- LG Electronics IPO closed with a strong 3.3x subscription, highlighting solid primary market momentum.
- Indian markets likely to open positive, tracking firm global cues and strong institutional flows.
🏦 Companies & Tech
- Google to invest $10 billion in a massive Visakhapatnam data-hub cluster, strengthening India’s AI and cloud ecosystem.
- India’s smartphone exports hit a record $13.4 billion in H1 FY26, led by Apple and Samsung.
- Gold-loan market to reach ₹15 trillion by FY26, a year ahead of ICRA’s previous forecast.
🌏 Global & Commodities
- Gold surged ₹2,600 to a record ₹1,26,600, while silver neared all-time highs as global tensions boosted safe-haven demand.
- Oil prices declined on signs of Gaza peace progress and a rise in U.S. inventories.