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Mahindra Group and Embraer identified Nagpur as the potential final assembly line for the C-390 Millennium aircraft in India. This plan depends on the Indian Air Force selecting the aircraft for its programme. Bosco Da Costa Junior said, "Identifying Nagpur as the potential location is an important step."
The dollar held near an 18-month high on Thursday after FOMC minutes showed inflation remains a top risk for the US central bank. Westpac analysts said, "The FOMC’s minutes reinforced the hawkish tone accompanying the Fed’s September rate hike." Meanwhile, the dollar fell slightly against the Japanese yen today.
The industry asked the NPCI to postpone the UPI MDR implementation to January 2027. Many stakeholders said they need more time to resolve confusion over varying rates and policies. Officials are currently discussing the matter with the ministry, and a final decision on the rollout is expected very soon.
Asian shares slipped on Thursday as major tech companies sought billions in debt, causing market strain. Nigel Green of deVere Group warned about the risks, saying, "The AI build out started on cash. It's increasingly running on credit, and credit changes the risk profile entirely." Sovereign bonds also faced pressure.
Gold prices edged higher on Thursday as the dollar eased from an 18-month peak. Spot gold rose 0.5% to $4,132.66 per ounce, helping bullion recover from a two-month low. Traders now weigh the prospect of another US Federal Reserve rate hike this year, as higher rates often diminish gold’s market appeal.
India and Ghana signed a five-year MoU to boost agricultural research and technology transfer. The Indian Council of Agricultural Research and the Crops Research Institute will work together on vegetable crops, starting with tomato research. This partnership aims to improve farming methods, value addition for tubers, and post-harvest management.
Verlinvest CEO Roberto Italia said India’s aspirational middle class and young population provide a unique demographic edge. The firm plans to invest 1 billion euros in India over five years. "A very substantial proportion of the Indian society is becoming or has the ambition to become middle class," Italia said.
The RBI’s move to include fixed deposits in the Consolidated Account Statement will help investors track their net worth easily. This plan lets people see stocks, mutual funds, and deposits in one place. It makes tax filing simple and helps users spot any unknown accounts or missing nomination details quickly.
Indian equities fell on Wednesday after the Reserve Bank of India raised the repo rate by 25 basis points to 5.50%. The Nifty 50 closed down 0.76% at 22,603.05. Investors now watch Adani Enterprises, Ola Electric, HCL Tech, Tata Power, and Varun Beverages as they got key corporate updates.
India’s green energy transition faces trouble as battery storage projects struggle with unviable bids and contract cancellations. Data from the India Energy Storage Alliance shows 24 GWh of projects were cancelled or re-tendered during 2018-2026. Alok Kumar said, “Companies are still figuring out the technology,” as many projects remain uncertain.
The Reserve Bank of India excluded Paytm Payments Bank Limited from the Second Schedule of the RBI Act, 1934. This official notification followed the Delhi High Court order to wind up the bank. The RBI previously cancelled the bank’s licence on April 24, 2026, due to serious regulatory violations and concerns.
The government is weighing a minimum export price for cotton yarn to ensure domestic supplies. Prices surged from ₹250 per kg in early 2026 to nearly ₹400 now. “Levying an MEP on cotton yarn is under discussion,” said an official. Production fell to 290.91 lakh bales in 2025-26, hurting manufacturers.
Samsung estimated an operating profit of 107.4 trillion won for the July-September period. This jump shows how high demand for AI chips lifted earnings. While memory sales grew, higher component costs squeezed margins for smartphones. Samsung said it will release detailed results on October 29 to explain these business shifts.