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Nigeria’s headline inflation rate slowed to 14.63% in September from 15.39% in August, data showed on Thursday. Despite this small dip, many citizens still struggle with high costs. "The common man is suffering. Everything has sky-rocketed," said Michael Udoariri. These stubborn price pressures remain a major worry before the national election.
India’s balance of payments recorded a surplus of $45.4 billion in August, compared with a deficit of $5.6 billion a year earlier. The Reserve Bank of India showed this data on Thursday. The country’s external position got better after the central bank started policy measures to attract many capital inflows.
Kimberly-Clark reported preliminary third-quarter sales and profit above expectations on October 15. The company got a boost from steady demand and cost-saving measures. Chinese authorities also said no formamide was detected in their products. This cleared Huggies diapers of toxic claims that had hurt sales in the Chinese market.
Shares in AI companies fell sharply recently as investors worry about rising interest rates and inflation. Many now use credit default swaps to hedge risks against debt defaults. While these firms have not failed, investors are cautious about when the massive spending on data centres will finally pay off.
French supermarkets face millions in losses after a cyberattack on Sunday night ruined food in 350 stores. Insurers said these policies rarely cover physical damage from hacks. David Molony from Aon said, "Given the increasing digitisation of operational technology and connected systems, this is an area that businesses should review carefully."
Butterfly Gandhimathi Appliances reported a net profit of ₹20 crore for the quarter ended September 2026, up 19 per cent from last year. Revenue reached ₹331 crore. Swetha Sagar said, "Our growth was achieved on the back of broad-based growth across categories." The company also saw half-year profits rise to ₹29 crore.
India’s exports surged 23.04% to $44.40 billion in September 2026, helping the trade deficit narrow to $30.21 billion. Official data showed imports grew by 8% to $74.61 billion. Higher shipments of electronic goods, petroleum, and engineering products drove this growth. Total exports reached record levels during the second quarter this year.
Vedanta Group Chairman Anil Agarwal warned of a global copper shortage on October 14. He said, "Is copper the next oil? In terms of demand, yes." India’s copper usage rose to 1.88 million tonnes in FY25. Growing needs for AI and electric vehicles mean India must boost its domestic production.
Silver spot prices crashed 7% overnight after US inflation data for September hit 3.7%. This news pushed the dollar index up and hurt precious metals. Indian Silver ETFs got hit hard as many funds fell up to 2.75%. Investors saw prices drop across the board as market sentiment turned negative.
Essar Oil & Gas won five coal bed methane blocks across West Bengal, Madhya Pradesh and Telangana on October 15. These blocks add 1,281 square kilometres to its acreage. CEO Pankaj Kalra said, "The award of these five CBM blocks marks a significant milestone in Essar Oil & Gas' growth journey."
Mukesh Ambani’s Jio Platforms is set for a record $3.2 billion IPO on October 21, aiming for a $108.3 billion valuation. Analysts said, "The Reliance name carries considerable weight in the market." Shares should start trading on October 28. Future gains depend on how Jio uses its massive subscriber base.
Railways warned passengers against playing music or making loud calls on speaker mode. Violators could face a fine of up to Rs 5,000 or six months in jail. Passenger P Ram Kumar said, "Loud conversations and phone audio were particularly troublesome in AC coaches," where noise disturbs fellow travellers.