Today so far

Claude, New Yorker, Bandcamp: RBI rules leave international card payments in grey area

• RBI rules mandate reporting of international credit card transactions starting October 1
• Consumers may need to report some international card payments
• International card reporting rules affect Indian banks, card issuers and payment providers

Indian rupee rebounds to 95.83 vs US dollar as crude prices ease

• Rupee strengthened 0.16% to 95.83 against the dollar
• Crude prices eased below $103 a barrel
• A firmer rupee and cheaper crude ease cost pressures for Indian oil marketers and importers

From Jab to Pills: Novo Nordisk, Eli Lilly set to take obesity drug battle to India

• Novo Nordisk’s oral Wegovy and Eli Lilly’s oral orforglipron are expected to launch in India
• New obesity-drug competition may affect Indian pharma firms and healthcare providers

Export schemes extended amid West Asia crisis

• Centre extended RoDTEP and the Rebate of State and Central Taxes and Levies scheme
• Exporters, including Indian textile and engineering firms, benefit from continued tax refunds

Pulses import duties may ease over poor rains

• Chana imports currently attract a 10% duty; yellow peas face a 30% duty
• Tur and urad imports are duty-free until March 31, 2027
• Lower duties could ease food inflation, benefiting Indian consumers while pressuring domestic pulse growers

In CAFE 3, auto companies have wider choices and a better view of the road

• India’s CAFE 3 emission norms are set to reshape automakers’ investment strategies
• Automakers and EV suppliers may need to adjust investment plans as cleaner-technology requirements evolve

Output, wages, GVA... manufacturing sector is on a roll: GVA grows 9.6% to Rs 26.9 lakh crore; sector adds 1.4 mn workers

• Formal manufacturing GVA rose 9.6% to ₹26.9 lakh crore in 2024-25
• The sector added 1.4 million workers
• Stronger manufacturing activity supports industrial companies and employment-linked consumption

NPCIL’s forex loss jumps 40-fold to Rs 2,278 crore as rupee weakens

Treasury Yields Hit Fresh Highs

• US Treasury yields hit fresh highs as bond selling resumed
• An uncertain long-term outlook outweighed temporary inflation relief
• Higher US yields can pressure Indian equities and raise borrowing costs for rate-sensitive sectors

U.S. bond yields post biggest jump in a generation as global rout rattles investors

• Global bond yields have risen with startling speed over the past few months
• The U.S. government debt market is worth more than $30 trillion
• Rising global yields can pressure Indian bond prices and rate-sensitive stocks

Naveen Jindal weighs bid for EU firm Celsa

• Naveen Jindal is considering a 5-billion bid for European steelmaker Celsa
• A potential acquisition could affect Jindal Steel’s capital allocation and financing

Telcos, consumer groups clash over TRAI’s 5G slicing, coverage map and service quality rules

• Telecom operators and consumer groups clashed over proposed TRAI rules for 5G slicing, coverage maps and service quality
• The rules could affect compliance costs and service standards for Indian telecom operators

Companies upset as states delay labour codes adoption

• Karnataka, Tamil Nadu, Maharashtra, Telangana, Haryana and Punjab are delaying final labour-code rules
• Delayed rules leave employers in major industrial states uncertain about labour compliance and costs

35 years of liberalisation: How the reforms bus bypassed India's farms

• India's farm sector continues to face weak markets, low investment and subsidy-related structural constraints
• Farm-market and investment reforms affect Indian agriculture companies and related rural-demand businesses

As gold hallmarking charges rise, fraudsters get busy too

• Gold hallmarking charges have risen significantly, prompting concern among industry stakeholders about fraud
• The report flags awareness of the Hallmark Unique Identification system
• Hallmarking concerns may affect Indian jewellers and gold-loan companies

Rating upgrades moderate in H1 as India Inc faces multiple headwinds

• Rating upgrades moderated in H1 as companies faced multiple headwinds
• Weaker credit momentum may weigh on Indian companies facing higher input costs and geopolitical risks

Harshad Mehta scam to insurance reforms: Why Deepak Shenoy calls regulation 'a feature, not a bug'

• The Harshad Mehta scam's aftermath reshaped Indian financial-market regulation
• Reforms aimed to strengthen transparency and investor confidence
• Regulatory changes shape compliance for Indian insurers and financial companies

Technology Shares Lift Nasdaq as Broader Market Slips

• U.S. stocks ended modestly lower, while technology shares lifted the Nasdaq
• Economic data eased concerns about imminent rate hikes

10-Year Treasury Yield Rises to New 24-Year High

• The 10-year Treasury yield rose to a new 24-year high
• Nasdaq gained after second-quarter GDP growth was revised to 2.2%

Paramount’s mega debt sale reveals how higher bond yields are squeezing corporate America

• Paramount’s mega debt sale highlights how higher bond yields are squeezing corporate America
• Invesco’s Matt Brill expects bond supply to fall off unless borrowers need to raise funds

France’s 10-year bond yield heads for biggest quarterly surge since 1987

• France's 10-year bond yield is heading for its biggest quarterly surge since 1987
• Investors cite inflation concerns as energy costs rise
• Global bond repricing can influence Indian government-bond yields and rate-sensitive stocks

Micron beats on earnings and issues strong guidance as global memory shortage continues

• Micron beat earnings expectations and issued strong guidance
• The company is benefiting from soaring AI demand amid a global memory shortage

Google rolls out Gemini 4 Argon, its most advanced AI model

• Google rolled out Gemini 4 Argon, its most advanced AI model
• The model improves coding, cybersecurity and complex professional work
• Indian IT services firms face a faster-moving AI landscape

Indian entrepreneurs increasingly eye global residencies, ramp up AI investments: HSBC report

• Singapore was the preferred global-residency destination among Indian respondents, chosen by 14%

Cipla Ltd. Futures: Live Cipla Ltd. Futures Contract Prices

Pocket Entertainment's Rohan Nayak says AI tool Sherpa helped writers create $100 million IP

European regulators need more powers to police crypto, watchdog says

• A watchdog says European regulators need more powers to police crypto

Elon Musk, Palmer Luckey and Newt Gingrich to help Pentagon with warfare initiative, Hegseth says

• Pete Hegseth announced a Pentagon project to examine military capabilities
• The initiative will be led by tech executives Elon Musk and Palmer Luckey

US leaves Iraq, Houthis advance: Challenges for the Middle East as it prepares for a post-American security era

• The US has ended its military mission in Iraq, closing a major chapter of its post-9/11 presence
• Saudi Arabia has turned to address growing regional threats

Wall Street is closing out a strong quarter. Plus, Lilly's mixed obesity drug trial data

• Wall Street is closing out a strong quarter
• Lilly's obesity drug trial data were mixed

Meta Pushes Back On Muse Privacy Claims, Says Message Access Requires Permissions

• Meta says Muse needs multiple user-approved permissions to access Messages content on Mac

Trump calls Iraq exit a ‘victory’ over ISIS: Why June 2027 is now crucial for Baghdad

• Trump called the US troop withdrawal from Iraq a “victory” over ISIS

Senators clinch construction permitting deal before election jet-set

• US senators reached a deal to ease construction permitting before the November election

Sen. Hawley: OpenAI CEO Sam Altman declined to testify at rogue AI hearing

• Sam Altman declined to testify at a Senate subcommittee hearing on rogue AI
• The hearing follows AI cyberattacks and growing warnings about technology risks

Polymarket introduces deposit limits, lock-outs to combat trading addiction

• Polymarket introduced optional deposit restrictions and lock-outs to help users control excessive trading

Two trades that just happened in 'Magnificent Seven' stocks point to big gains ahead

• Options volume in both unnamed Magnificent Seven stocks was more than 50% above its 30-day average Wednesday

Tech launches in October 2026: Vivo S2 FE, Motorola Edge 70 Neo, Google Fitbit Air

Meta stock enjoys best month since 2022 on AI momentum

• Meta had its best month in almost four years as investors cheered its AI momentum

Why Jim Cramer isn't buying more Boeing despite its huge Navy contract win

Goldman pushes Fed rate hike to December after cooler inflation

Colombia central bank raises interest rate to 12.25%

Fed’s Cook: inflation has been too high for too long

Trump calls for Powell’s resignation after IG report on cost overruns