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Nayara Energy increased fuel prices in India with immediate effect on Saturday. Petrol prices rose by ₹5 per litre, while diesel prices got a ₹3 hike. The company said this move follows global energy pressure. Many people now face higher costs at their 7,000 fuel stations across the country today.
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.
The Reserve Bank of India’s 25-basis-point repo-rate hike will not stop festive auto growth. However, protecting buyers from higher costs could cost lenders and automakers ₹1,000 crore. Experts said, "The 25 bps repo rate hike is unlikely to derail festive-season auto demand immediately." Dealers now expect deeper discounts to boost sales.
NTPC identified Basai in Madhya Pradesh, Banka in Bihar and Nabarangpur in Odisha as sites for 12 GW nuclear capacity. The company is evaluating global technologies and fuel needs for these locations. Regarding foreign technology transfer, a source said, "We will try." This move supports India’s 2047 nuclear energy goals.
CARE Ratings upgraded Adani Enterprises to 'AA' with a stable outlook on Wednesday. This move reflects the company’s improved financial flexibility after recent capital gains and stake sales. The agency said, "This upgrade serves as an independent validation of AEL's disciplined capital management and tight fiscal prudence," in an exchange filing.
Moody’s Ratings said retail prices of diesel and petrol will have to be raised at some point. Vikas Halan said, "It has to be a combination of all three parties involved -- the government, the OMCs, and the consumer." High crude costs and a weak rupee are hurting oil companies.