🏦 Economy/Policy
• EU trade delegation in Delhi for FTA push 💹
Final-stage talks to conclude India–EU trade pact by year-end.
Positive for exports, EV ecosystem and defence manufacturing.
• India launches ₹7,300 Cr critical magnet scheme 🏦
Targets supply-chain security for EVs and strategic defence needs.
Boosts domestic manufacturing and reduces import dependence.
• India to become $5 trillion economy by 2029 💰
Driven by reforms, infrastructure and manufacturing expansion.
Strengthens long-term global investment appeal.
• Nifty earnings upgrades begin 📈
FY26 upgraded by 0.7% and FY27 by 0.9% after 5 quarters of downgrades.
Signals start of a fresh earnings upgrade cycle.
🏢 Companies
• Reliance–Brookfield–Digital Realty JV invests $11 bn in Vizag 💹
1 GW AI-native data centre campus planned by 2030 across 400 acres.
Strengthens India’s AI and digital infrastructure ecosystem.
• Vikram Solar commissions 5 GW Tamil Nadu plant 🏦
Total module capacity rises to 9.5 GW with TOPCon automation tech.
Boosts India’s solar manufacturing leadership.
• Tata Consumer plans ~100 new product launches 📈
50 products to launch between Oct–Mar across beverages and packaged foods.
Signals aggressive FMCG growth strategy.
• Commodity sectors drive profit expansion 💰
Cement, metals, oil & gas delivered 33–58% profit growth.
Pharma and auto seen as stronger plays vs expensive FMCG and IT.
🌍 Global/World
• Mexico plans sharp tariff hikes on non-FTA countries 💹
Threatens over ₹1 lakh crore of India’s auto exports.
Maruti Suzuki exposed with ~20% of exports linked to Mexico.