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In spite of its end-to-end encryption and other security features, WhatsApp accounts can be hacked. Cybercriminals employ a variety of methods like social engineering, telecom fraud, and malware to target individual users rather than the app itself. They find loopholes in phone carrier systems and device vulnerabilities to hijack accounts. Compromised accounts are used to access private messages, impersonate users to scam contacts and extort money, and even to spread malware. Users in India are particularly vulnerable due to the enormous user base of more than 500 million and the prevalent use of mobile phone numbers for banking and UPI transactions.Here is what you should know to keep your WhatsApp account safe:<h2>SIM Swapping or Port-Out Fraud</h2>One of the most common methods worldwide, SIM swapping involves attackers impersonating victims to telecom providers, tricking or bribing staff, or using forged documents to transfer the victim’s phone number to a new SIM card. This gives them control over the number. The attackers receive all SMS and voice verification codes for WhatsApp and other services.This is highly prevalent in India, particularly in Delhi, Uttar Pradesh, Pune, and Mumbai. This method has been used for large-scale banking and UPI fraud. This form of attack has also been reported in the US and UK, often linked to crypto theft and financial scams.How to stay safe: Set a SIM card PIN or port-out password with your carrier. Monitor for unexpected service loss. Where available, request a “port freeze” protection.<h2>Verification Code Phishing Through Social Engineering</h2>Attackers trick users into sharing the SMS verification codes sent by WhatsApp during login attempts. They impersonate friends, family, WhatsApp support, or banks using urgent or emotional appeals.This fraud is common in India. Once attackers gain access to users' contact lists, they launch chain scams that often demand money from the users’ contacts. In the UK and Europe, a so-called “Hi Mum” scam led to over £1.5 million in losses, where attackers posed as family members in distress.How to stay safe: Never share verification codes with anyone. Enable WhatsApp two-step verification by following this path: Settings &gt; Account &gt; Two-step verification.<h2>Call Forwarding Exploitation</h2>In this fraud, scammers trick victims into dialling codes like `21` followed by the attacker’s number under false pretences, such as delivery verification. This enables call forwarding, including WhatsApp voice verification calls, to the attacker.In India, such cases have been reported in Pune, Mumbai, and Delhi-NCR. Similar schemes were reported in the US and EU.How to stay safe: Check your call forwarding status using `*#21#` and disable forwarding with `##21#`. Avoid dialling unsolicited codes.<h2>QR Code Phishing or 'Quishing' for WhatsApp Web</h2>Hackers send fake QR links leading to malicious websites. Once the victim scans them, the attacker can access the user’s WhatsApp Web session.This fraud has been reported in Indian tech hubs like Bengaluru, and has been linked to job scams. In the US and Europe, users have been tricked with meeting invites or fake links.How to stay safe: Only scan QR codes from the official WhatsApp Web site (web.whatsapp.com). Regularly check and log out from unknown devices under Linked Devices in Settings.<h2>Malware and Spyware Infection</h2>Malicious apps, trojans, or advanced spyware like Pegasus and Paragon installed on the victim’s phone can steal WhatsApp messages, verification codes, or control the device remotely.There were more than 90 reported spyware infection cases in 2025, targeting journalists and activists. Globally, such spyware campaigns and ransomware attacks have been reported in Europe and the US.How to stay safe: Avoid installing apps from unknown sources. Keep your operating system and WhatsApp updated, and use reputable antivirus software.<h2>Voicemail Hacking</h2>When WhatsApp verification calls are missed, the code might be left in voicemail. Attackers who hack voicemail systems with default or weak PINs can retrieve these codes.This crime has been reported in rural areas of India like Banda district in Uttar Pradesh, as well as in countries like the UK and Switzerland.How to stay safe: Set strong voicemail PINs. Regularly check for unauthorised access to voicemail.Also read: <a href="https://www.wionews.com/science-tech/meta-to-allow-whatsapp-users-to-share-status-updates-on-instagram-facebook-8643224">Meta to allow WhatsApp users to share status updates on Instagram, Facebook</a><h2>Linked Platform Exploits Such as Facebook Impersonation</h2>Hackers have compromised linked accounts from Meta (which owns WhatsApp, Facebook, and Instagram) to phish WhatsApp codes or send malicious group invites. This is often used for crypto extortion.In India, Kolkata has reported such scams. Similar impersonation was reported from Singapore.How to stay safe: Secure your linked accounts in the Meta ecosystem with strong passwords and two-factor authentication. Avoid suspicious invites.<h2>Physical Access or Device Cloning</h2>Fraudsters can use stolen or lost phones to restore backups or clone SIM cards, gaining access to WhatsApp data.This is common in urban thefts in India’s Mumbai and Delhi. Travel scams have been reported across the world using such device cloning techniques.How to stay safe: Use biometric locks such as fingerprints, and strong PINs. Enable remote logout from WhatsApp Web sessions.<h2>Account Takeover via Cloud Backups</h2>Attackers can exploit vulnerabilities in cloud backups on Google Drive or iCloud. They can restore chats if backup encryption (which is optional and must be manually enabled) is not turned on.How to stay safe: Enable end-to-end encrypted backups in WhatsApp settings. Secure your cloud accounts with strong passwords and multi-factor authentication (MFA).Also read: <a href="https://www.wionews.com/world/user-report-whatsapp-web-s-scrolling-bug-1757417688375">WhatsApp Web's 'scrolling bug', users report chats not loading properly</a><h2>Fake or Modified WhatsApp Apps</h2>Using unofficial WhatsApp clients or downloading APKs can lead to leaked credentials through backdoors.&nbsp;How to stay safe: Download WhatsApp only from official sources like Google Play, Apple App Store, or via web.whatsapp.com.<h2>What are the signs that your WhatsApp account may be compromised?</h2>Check for the following: You are unexpectedly logged out or receive a “registered on a new device” alert. You receive unsolicited verification codes. Unknown messages are sent from your account, or you are added to groups you didn’t join. Friends report receiving strange messages or money requests from your number. You see unrecognised logins in the Linked Devices section. Messages appear as read (blue ticks), even though you didn’t open them.<a href="https://www.wionews.com/videos/is-arattai-app-by-zoho-india-s-answer-to-whatsapp-app-surges-past-whatsapp-in-india-1759150223475/embed">https://www.wionews.com/videos/is-arattai-app-by-zoho-india-s-answer-to-whatsapp-app-surges-past-whatsapp-in-india-1759150223475/embed</a><h2>What to do if your account is hacked</h2>1. Immediately re-register WhatsApp on your phone using your number to log the attacker out. 2. Notify your contacts via another platform that your account was compromised. 3. Report the incident to WhatsApp through in-app support. 4. Contact your mobile operator if you suspect SIM swap or port-out fraud. 5. Change passwords and enable MFA on your associated email and cloud accounts. 6. File a cybercrime complaint with local authorities. (In India, visit: cybercrime.gov.in)

You are unexpectedly logged out or receive a “registered on a new device” alert. You receive unsolicited verification codes. Unknown messages are sent from your account, or you are added to groups you didn’t join. Friends report receiving strange messages or money requests from your number. You see unrecognised logins in the Linked Devices section. Messages appear as read (blue ticks), even though you didn’t open them.Also read:<a href="https://www.wionews.com/technology/can-cia-read-your-whatapp-messages-this-is-what-mark-zuckerberg-has-to-say-8612166"> Can CIA read your WhatsApp messages? This is what Mark Zuckerberg has to say...</a><h2>What to do if your WhatsApp account is hacked?</h2>1. Immediately re-register WhatsApp on your phone using your number to log the attacker out. 2. Notify your contacts via another platform that your account was compromised. 3. Report the incident to WhatsApp through in-app support. 4. Contact your mobile operator if you suspect SIM swap or port-out fraud. 5. Change passwords and enable MFA on your associated email and cloud accounts. 6. File a cybercrime complaint with local authorities. (In India, visit: cybercrime.gov.in)

Learn how WhatsApp accounts get hacked through SIM swapping, phishing, malware, and other methods. Here are  tips to protect your account, avoid scams, and secure your WhatsApp account

In spite of its end-to-end encryption and other security features, WhatsApp accounts can be hacked. Cybercriminals employ a variety of methods like social engineering, telecom fraud, and malware to target individual users rather than the app itself. They find loopholes in phone carrier systems and device vulnerabilities to hijack accounts. Compromised accounts are used to access private messages, impersonate users to scam contacts and extort money, and even to spread malware. Users in India are particularly vulnerable due to the enormous user base of more than 500 million and the prevalent use of mobile phone numbers for banking and UPI transactions. Here is what you should know to keep your WhatsApp account safe: SIM Swapping or Port-Out Fraud One of the most common methods worldwide, SIM swapping involves attackers impersonating victims to telecom providers, tricking or bribing staff, or using forged documents to transfer the victim’s phone number to a new SIM card. This gives them control over the number. The attackers receive all SMS and voice verification codes for WhatsApp and other services. This is highly prevalent in India, particularly in Delhi, Uttar Pradesh, Pune, and Mumbai. This method has been used for large-scale banking and UPI fraud. This form of attack has also been reported in the US and UK, often linked to crypto theft and financial scams. How to stay safe: Set a SIM card PIN or port-out password with your carrier. Monitor for unexpected service loss. Where available, request a “port freeze” protection. Verification Code Phishing Through Social Engineering Attackers trick users into sharing the SMS verification codes sent by WhatsApp during login attempts. They impersonate friends, family, WhatsApp support, or banks using urgent or emotional appeals. This fraud is common in India. Once attackers gain access to users' contact lists, they launch chain scams that often demand money from the users’ contacts. In the UK and Europe, a so-called “Hi Mum” scam led to over £1.5 million in losses, where attackers posed as family members in distress. How to stay safe: Never share verification codes with anyone. Enable WhatsApp two-step verification by following this path: Settings > Account > Two-step verification. Call Forwarding Exploitation In this fraud, scammers trick victims into dialling codes like `21` followed by the attacker’s number under false pretences, such as delivery verification. This enables call forwarding, including WhatsApp voice verification calls, to the attacker. In India, such cases have been reported in Pune, Mumbai, and Delhi-NCR. Similar schemes were reported in the US and EU. How to stay safe: Check your call forwarding status using `*#21#` and disable forwarding with `##21#`. Avoid dialling unsolicited codes. QR Code Phishing or 'Quishing' for WhatsApp Web Hackers send fake QR links leading to malicious websites. Once the victim scans them, the attacker can access the user’s WhatsApp Web session. This fraud has been reported in Indian tech hubs like Bengaluru, and has been linked to job scams. In the US and Europe, users have been tricked with meeting invites or fake links. How to stay safe: Only scan QR codes from the official WhatsApp Web site (web.whatsapp.com). Regularly check and log out from unknown devices under Linked Devices in Settings. Malware and Spyware Infection Malicious apps, trojans, or advanced spyware like Pegasus and Paragon installed on the victim’s phone can steal WhatsApp messages, verification codes, or control the device remotely. There were more than 90 reported spyware infection cases in 2025, targeting journalists and activists. Globally, such spyware campaigns and ransomware attacks have been reported in Europe and the US. How to stay safe: Avoid installing apps from unknown sources. Keep your operating system and WhatsApp updated, and use reputable antivirus software. Voicemail Hacking When WhatsApp verification calls are missed, the code might be left in voicemail. Attackers who hack voicemail systems with default or weak PINs can retrieve these codes. This crime has been reported in rural areas of India like Banda district in Uttar Pradesh, as well as in countries like the UK and Switzerland. How to stay safe: Set strong voicemail PINs. Regularly check for unauthorised access to voicemail. Also read: Meta to allow WhatsApp users to share status updates on Instagram, Facebook Linked Platform Exploits Such as Facebook Impersonation Hackers have compromised linked accounts from Meta (which owns WhatsApp, Facebook, and Instagram) to phish WhatsApp codes or send malicious group invites. This is often used for crypto extortion. In India, Kolkata has reported such scams. Similar impersonation was reported from Singapore. How to stay safe: Secure your linked accounts in the Meta ecosystem with strong passwords and two-factor authentication. Avoid suspicious invites. Physical Access or Device Cloning Fraudsters can use stolen or lost phones to restore backups or clone SIM cards, gaining access to WhatsApp data. This is common in urban thefts in India’s Mumbai and Delhi. Travel scams have been reported across the world using such device cloning techniques. How to stay safe: Use biometric locks such as fingerprints, and strong PINs. Enable remote logout from WhatsApp Web sessions. Account Takeover via Cloud Backups Attackers can exploit vulnerabilities in cloud backups on Google Drive or iCloud. They can restore chats if backup encryption (which is optional and must be manually enabled) is not turned on. How to stay safe: Enable end-to-end encrypted backups in WhatsApp settings. Secure your cloud accounts with strong passwords and multi-factor authentication (MFA). Also read: WhatsApp Web's 'scrolling bug', users report chats not loading properly Fake or Modified WhatsApp Apps Using unofficial WhatsApp clients or downloading APKs can lead to leaked credentials through backdoors. How to stay safe: Download WhatsApp only from official sources like Google Play, Apple App Store, or via web.whatsapp.com. What are the signs that your WhatsApp account may be compromised? Check for the following: You are unexpectedly logged out or receive a “registered on a new device” alert. You receive unsolicited verification codes. Unknown messages are sent from your account, or you are added to groups you didn’t join. Friends report receiving strange messages or money requests from your number. You see unrecognised logins in the Linked Devices section. Messages appear as read (blue ticks), even though you didn’t open them. https://www.wionews.com/videos/is-arattai-app-by-zoho-india-s-answer-to-whatsapp-app-surges-past-whatsapp-in-india-1759150223475/embed What to do if your account is hacked 1. Immediately re-register WhatsApp on your phone using your number to log the attacker out. 2. Notify your contacts via another platform that your account was compromised. 3. Report the incident to WhatsApp through in-app support. 4. Contact your mobile operator if you suspect SIM swap or port-out fraud. 5. Change passwords and enable MFA on your associated email and cloud accounts. 6. File a cybercrime complaint with local authorities. (In India, visit: cybercrime.gov.in)

Learn how WhatsApp accounts get hacked through SIM swapping, phishing, malware, and other methods. Here are &nbsp;tips to protect your account, avoid scams, and secure your WhatsApp account

Is your WhatsApp account safe? These are the ways cybercriminals hack It – and what you should do

Goldman Sachs has said in a report that gold will continue to rally till December of the next calendar&nbsp;year. The American outfit said that factors like strong private and institutional demand, rising equity traded fund (ETF) holdings, and central bank purchases, which have driven gold's upsurge of 47 per cent this year, will likely help the precious metal carry the momentum till the end of the next calendar year.&nbsp;Gold was trading at USD 3,937 per ounce on the international market. In India, the yellow metal was trading at approximately Rs 1.21 lakh per 10 grams.&nbsp;The report from Goldman Sachs' Commodities Research said that gold has rallied 14 per cent since August.&nbsp;The investment bank said that the gold price can rise to USD 4000 per ounce by mid-2026. It can further&nbsp;rise to USD 4,300 by December 2026.&nbsp;"The upside risks to our USD 4,000/toz mid-2026 and USD 4,300/toz December 2026 gold price forecast have intensified," noted the report.&nbsp;It further said that speculative positioning explains only a modest part of the latest rally, rather it suggests a larger underlying shift in investor behaviour.&nbsp;<a href="https://www.wionews.com/india-news/over-1-000kg-gold-smuggled-across-lac-into-ladakh-in-2-years-here-s-how-ed-exposes-deep-rooted-syndicate-1757564678341">Also read: Over 1,000kg gold smuggled across LAC into Ladakh in 2 years: Here's how ED exposes deep-rooted syndicate</a>&nbsp;The investment bank said in the report that investors should view gold as a key portfolio stabilizer, not just a hedge amid global financial uncertainty.&nbsp;Goldman Sachs reaffirmed gold as its top long-term commodity recommendation. The bank said that this is because the precious metal has shown&nbsp;price upside driven by structurally higher central bank demand, potential for further private sector diversification, and strong hedging properties during downside risk scenarios.

Gold investment news: The investment bank said in the report that investors should view gold as a key portfolio stabilizer, not just a hedge amid global financial uncertainty.

Goldman Sachs has said in a report that gold will continue to rally till December of the next calendar year. The American outfit said that factors like strong private and institutional demand, rising equity traded fund (ETF) holdings, and central bank purchases, which have driven gold's upsurge of 47 per cent this year, will likely help the precious metal carry the momentum till the end of the next calendar year. Gold was trading at USD 3,937 per ounce on the international market. In India, the yellow metal was trading at approximately Rs 1.21 lakh per 10 grams. The report from Goldman Sachs' Commodities Research said that gold has rallied 14 per cent since August. The investment bank said that the gold price can rise to USD 4000 per ounce by mid-2026. It can further rise to USD 4,300 by December 2026. "The upside risks to our USD 4,000/toz mid-2026 and USD 4,300/toz December 2026 gold price forecast have intensified," noted the report. It further said that speculative positioning explains only a modest part of the latest rally, rather it suggests a larger underlying shift in investor behaviour. Also read: Over 1,000kg gold smuggled across LAC into Ladakh in 2 years: Here's how ED exposes deep-rooted syndicate The investment bank said in the report that investors should view gold as a key portfolio stabilizer, not just a hedge amid global financial uncertainty. Goldman Sachs reaffirmed gold as its top long-term commodity recommendation. The bank said that this is because the precious metal has shown price upside driven by structurally higher central bank demand, potential for further private sector diversification, and strong hedging properties during downside risk scenarios.

Gold investment news: The investment bank said in the report that investors should view gold as a key portfolio stabilizer, not just a hedge amid global financial uncertainty.

When will gold cross $4000 mark? Goldman Sachs issues massive prediction

At least seven IPOs are expected to debut on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) during the week starting on October 6, 2025. With a value of Rs 30,000 crore, this week is set to be the biggest ever for the primary market in terms of the size of the IPOs.<h2>Here are the IPOs that will hit Indian markets this week.</h2>Tata Capital, a non-banking financial company, hit the market today. The Rs 15,512 crore IPO's price band is between Rs 310 and Rs 326 per share. It is the biggest since the Hyundai IPO. Tata Capital aims to raise Rs 6,846 crore, while Tata Sons and IFC will be selling shares worth Rs 8,666 crore.&nbsp;LG Electronics India's Rs 11,607 crore IPO will open for subscription&nbsp;on Tuesday. Its price band will be between Rs 1080 and Rs 1140 per share. It will open from October 7-9.&nbsp;Rubicon Research will launch its IPO on October 9 to raise Rs 1,377.50 crore. Its price band is&nbsp;Rs 461-485 per share. This consists of fresh issuance of shares worth Rs 500 crore, and an OFS of Rs 877.50 crore by the promoter of the company, General Atlantic Singapore RR Pte.&nbsp;Canara Robeco AMC IPO will also open on October 9. 4.98-crore shares will be up for sale. Canara HSBC Life Insurance Company's 23.75-crore shares will also be sold on October 10.&nbsp;Anantam Highways Trust is also raising Rs 400 crore through an InvIT IPO. The price band is Rs 98-Rs 100.&nbsp;Mittal Sections, which is raising Rs 52.91 crore, will also open this week. SME IPO is scheduled to open this week from October 7 to October 9. The price band is fixed at Rs 136-143 per share.Many IPOs are also closing.&nbsp;WeWork India will close its Rs 3,000 crore public issue on October 7. Shlokka Dyes, Greenleaf Envirotech, and DSM Fresh Foods will close the IPOs on October 6.

At least seven IPOs are expected to debut on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) during the week starting on October 6, 2025.

At least seven IPOs are expected to debut on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) during the week starting on October 6, 2025. With a value of Rs 30,000 crore, this week is set to be the biggest ever for the primary market in terms of the size of the IPOs. Here are the IPOs that will hit Indian markets this week. Tata Capital, a non-banking financial company, hit the market today. The Rs 15,512 crore IPO's price band is between Rs 310 and Rs 326 per share. It is the biggest since the Hyundai IPO. Tata Capital aims to raise Rs 6,846 crore, while Tata Sons and IFC will be selling shares worth Rs 8,666 crore. LG Electronics India's Rs 11,607 crore IPO will open for subscription on Tuesday. Its price band will be between Rs 1080 and Rs 1140 per share. It will open from October 7-9. Rubicon Research will launch its IPO on October 9 to raise Rs 1,377.50 crore. Its price band is Rs 461-485 per share. This consists of fresh issuance of shares worth Rs 500 crore, and an OFS of Rs 877.50 crore by the promoter of the company, General Atlantic Singapore RR Pte. Canara Robeco AMC IPO will also open on October 9. 4.98-crore shares will be up for sale. Canara HSBC Life Insurance Company's 23.75-crore shares will also be sold on October 10. Anantam Highways Trust is also raising Rs 400 crore through an InvIT IPO. The price band is Rs 98-Rs 100. Mittal Sections, which is raising Rs 52.91 crore, will also open this week. SME IPO is scheduled to open this week from October 7 to October 9. The price band is fixed at Rs 136-143 per share. Many IPOs are also closing. WeWork India will close its Rs 3,000 crore public issue on October 7. Shlokka Dyes, Greenleaf Envirotech, and DSM Fresh Foods will close the IPOs on October 6.

IPOs in Indian stock markets: LG Electronics India's Rs 11,607 crore IPO will open for subscription&nbsp;on Tuesday. Many other IPOs will also open this week. Here's an overview.

Which IPOs will open on the Indian stock markets this week?

India's stock exchanges witnessed an upsurge on Monday as the indices reacted&nbsp;positively to strong global cues and buying in banking shares. At 11.15 am, Sensex rose to 398.88 points to 81,606.05, and Nifty registered a growth of 119.30 points, reaching 25,013.55.<h2>Why did the market indices rise during early trade?</h2>Due to the strong second-quarter business updates from HDFC Bank and Kotak Mahindra Bank, investors bought banking shares.&nbsp;"The quarterly business updates from public sector banks and non-bank lenders have been strong, while private sector banks too were largely in line," Dharmesh Kant, Head of Equity Research at Cholamandalam Securities, told Reuters.&nbsp;Another reason for the upsurge is that major Asian markets have been trading in green. Japan’s Nikkei 225 index and Wall Street Futures were trading high.&nbsp;Also, during early trade, the rupee appreciated by five paise to 88.74 against the US dollar. It supports the confidence of foreign investors in the Indian market.&nbsp;Investors also bought IT shares.&nbsp;The stock markets started flat on Monday morning.&nbsp;The markets have been underperforming for the past 13 months due to external pressures such as tariffs, foreign institutional investor (FII) selling, and high valuations.&nbsp;Ajay Bagga, Banking and Market Expert, told ANI, “The news in India is not so encouraging despite the minor recovery in the latter half of last week. Thirteen months are over of sheer underperformance and negative returns for the Indian markets from the all-time highs hit in September 2024. The FPI selling continued in September, and the risk is that another weak earnings quarter for Q2, 2026, will keep sentiments subdued.”&nbsp;He said he isn't expecting much relief even by November. One of the reasons for this outlook is that the India-US trade deal looked distant.&nbsp;"A trade deal with the US is looking like a distant prospect, and we expect limited relief by November. The EU and UK FTAs are moving slowly as well," Bagga noted.&nbsp;This comes on a day when LG Electronics India Ltd's Initial Public Offering (IPO) opened for pre-apply. The price band for the IPO is fixed between Rs 1,080 and Rs 1,140 per share. The offering will open on October 7 and close on October 9, 2025.

India's stock exchanges witnessed an upsurge on Monday as the indices reacted positively to strong global cues and buying in banking shares. At 11.15 am, Sensex rose to 398.88 points to 81,606.05, and Nifty registered a growth of 119.30 points, reaching 25,013.55.

India's stock exchanges witnessed an upsurge on Monday as the indices reacted positively to strong global cues and buying in banking shares. At 11.15 am, Sensex rose to 398.88 points to 81,606.05, and Nifty registered a growth of 119.30 points, reaching 25,013.55. Why did the market indices rise during early trade? Due to the strong second-quarter business updates from HDFC Bank and Kotak Mahindra Bank, investors bought banking shares. "The quarterly business updates from public sector banks and non-bank lenders have been strong, while private sector banks too were largely in line," Dharmesh Kant, Head of Equity Research at Cholamandalam Securities, told Reuters. Another reason for the upsurge is that major Asian markets have been trading in green. Japan’s Nikkei 225 index and Wall Street Futures were trading high. Also, during early trade, the rupee appreciated by five paise to 88.74 against the US dollar. It supports the confidence of foreign investors in the Indian market. Investors also bought IT shares. The stock markets started flat on Monday morning. The markets have been underperforming for the past 13 months due to external pressures such as tariffs, foreign institutional investor (FII) selling, and high valuations. Ajay Bagga, Banking and Market Expert, told ANI, “The news in India is not so encouraging despite the minor recovery in the latter half of last week. Thirteen months are over of sheer underperformance and negative returns for the Indian markets from the all-time highs hit in September 2024. The FPI selling continued in September, and the risk is that another weak earnings quarter for Q2, 2026, will keep sentiments subdued.” He said he isn't expecting much relief even by November. One of the reasons for this outlook is that the India-US trade deal looked distant. "A trade deal with the US is looking like a distant prospect, and we expect limited relief by November. The EU and UK FTAs are moving slowly as well," Bagga noted. This comes on a day when LG Electronics India Ltd's Initial Public Offering (IPO) opened for pre-apply. The price band for the IPO is fixed between Rs 1,080 and Rs 1,140 per share. The offering will open on October 7 and close on October 9, 2025.

Sensex, Nifty rise: The markets have been underperforming for the past 13 months due to external pressures such as tariffs, foreign institutional investor (FII) selling, and high valuations.

Sensex, Nifty witness upsurge in early trade. Here's why

Raise Financial, the parent company of stock-trading startup Dhan, has received funding of $120 million (Rs 1,000 crore), which raised the value of the firm to $1.2 billion (Rs 10,000 crore). This means the trading firm has become a unicorn. Japan’s Mitsubishi UFJ Financial Group (MUFG), Beenext, Ramesh Damani, DSP Family Office, JM Financial Family Office, and Aashish Somaiyaa, CEO of White Oak Capital, participated&nbsp;in this round. The funding round was led by Mumbai-based hedge fund Hornbill Capital.<h2>All you need to know about Dhan</h2>Dhan raised funding of $22 million in 2022 from Mirae Asset Venture Investments and 3one4 Capital. The funding round increased the company's transactions to around $150 million.&nbsp;In the financial year 2024, the company earned a net profit of Rs 155 crore.&nbsp;The firm reportedly&nbsp;had investment offers of around $1 billion. However, it instead opted for a smaller offer.&nbsp;The company's rivals are also trying to raise money. ET reported that Groww plans to raise between Rs 6,000 crore and Rs 7,000 crore through its public listing later this year, eyeing a $7-9 billion valuation.&nbsp;Traders using Dhan increased to 2.13 per cent in August, marginally up from 2 per cent in June.&nbsp;Dhan was founded in 2021 by Alok Pandey, Jay Gupta, and Raunak Rathi.&nbsp;The company is planning to bring a DEXT T3 for power traders.&nbsp;Dhan’s trading volumes quadrupled between FY23 and FY25.&nbsp;The platform had 987,273 active users in August 2025. The firm's user base was 995,498 in June.&nbsp;Groww, on the other hand, reported about 12 million active users in August.

Raise Financial, the parent company of stock-trading startup Dhan, has received funding of $120 million (Rs 1,000 crore), which raised the value of the firm to $1.2 billion (Rs 10,000 crore).

Raise Financial, the parent company of stock-trading startup Dhan, has received funding of $120 million (Rs 1,000 crore), which raised the value of the firm to $1.2 billion (Rs 10,000 crore). This means the trading firm has become a unicorn. Japan’s Mitsubishi UFJ Financial Group (MUFG), Beenext, Ramesh Damani, DSP Family Office, JM Financial Family Office, and Aashish Somaiyaa, CEO of White Oak Capital, participated in this round. The funding round was led by Mumbai-based hedge fund Hornbill Capital. All you need to know about Dhan Dhan raised funding of $22 million in 2022 from Mirae Asset Venture Investments and 3one4 Capital. The funding round increased the company's transactions to around $150 million. In the financial year 2024, the company earned a net profit of Rs 155 crore. The firm reportedly had investment offers of around $1 billion. However, it instead opted for a smaller offer. The company's rivals are also trying to raise money. ET reported that Groww plans to raise between Rs 6,000 crore and Rs 7,000 crore through its public listing later this year, eyeing a $7-9 billion valuation. Traders using Dhan increased to 2.13 per cent in August, marginally up from 2 per cent in June. Dhan was founded in 2021 by Alok Pandey, Jay Gupta, and Raunak Rathi. The company is planning to bring a DEXT T3 for power traders. Dhan’s trading volumes quadrupled between FY23 and FY25. The platform had 987,273 active users in August 2025. The firm's user base was 995,498 in June. Groww, on the other hand, reported about 12 million active users in August.

Dhan's latest funding round: Dhan raised funding of $22 million in 2022 from Mirae Asset Venture Investments and 3one4 Capital.

Trading platform Dhan becomes India's latest unicorn | Check details

Asia's biggest gold holders: From China to India, these ten countries hold some of the world’s largest gold reserves, according to Trading Economics data.

Asia's biggest gold holders: From China to India, these ten countries hold some of the world’s largest gold reserves, according to Trading Economics data.

Mountains of gold! These Asian countries have the largest gold reserves - Check if India made the list

As wireless technology continues to grow at a fast pace, private 4G and 5G networks are quietly rewriting the rules of industrial connectivity. Built for uncompromising reliability, fortified security, and lightning-fast responsiveness, these purpose-built systems are powering the digital backbones of factories, airports, ports, smart cities, and mission-critical operations where failure is not an option. Yet, deploying them has never been straightforward.&nbsp;&nbsp;The absence of clear frameworks for spectrum allocation in many countries has meant that early adopters have had to navigate uncharted regulatory waters. As a result, innovative deployment strategies have emerged, shaped by industry experts who can bridge technical expertise with regulatory insight. Among these leaders is Rahul Bangera, whose work has helped redefine how private wireless networks are planned and delivered amid uncertainty.&nbsp;Rahul’s career reflects steady progression paired with bold innovation. From starting as an RF Engineer, he advanced to senior leadership roles, eventually becoming Director of 5G Solution Architecture and Product Management at NTT DATA. Notably, one of his defining contributions has been the creation of hybrid spectrum models that combine direct licensing, shared spectrum (such as CBRS in the U.S., Ofcom in the UK, and ISED in Canada), and carrier partnerships. This approach allowed organisations to secure reliable spectrum access, lower risk, and speed up deployment timelines. At the same time, the strategist introduced a flexible Network-as-a-Service model. This model enables companies to move from large capital investments to manageable operational costs while still supporting unlimited device scaling.&nbsp;&nbsp;Building on his global deployment experience, the specialist’s edge in private wireless innovation comes from smart spectrum partnerships. In a maze of unclear rules, he helps clients cut through fast, working with carriers and spectrum holders to skip long licensing delays, cut costs, and deploy quickly. His hybrid mix of direct licenses, shared bands like CBRS, and regional deals delivers reliable, scalable connectivity without huge up-front spend.&nbsp;The expert contributed to automating a global automobile manufacturing plant in the US, built Las Vegas’s smart city network that cut wrong-way driving by 90% and saved $1 million a year, and helped turn Brownsville into a wireless hub, avoiding major infrastructure costs. Beyond American borders, the engineer has led industrial connectivity rollouts for manufacturing giants, petrochemical plants, and healthcare facilities in Europe, tailoring advanced mobile solutions to high-performance and low-latency needs. Equally important, spectrum partnerships have expanded to Canada, the UK, Germany, Belgium, Italy, China, India, Mexico, Chile, Australia and Malaysia. Across these projects, his approach has consistently blended technical precision, regulatory adaptability, and a focus on business value.&nbsp;Security and resilience have been key areas of his work. The strategist has supported on-premises network cores, end-to-end encryption, and network slicing capabilities essential for industrial communications. In the future, the private wireless ecosystem will merge with AI and IoT, enabling more agile and adaptive operational models across sectors.&nbsp;According to the expert, “Spectrum is not just a resource; it’s a strategic asset that demands integrated planning to unlock its full potential.” Industry forecasts point toward wider adoption of hybrid spectrum strategies, greater cross-border regulatory harmonisation, and the expansion of managed enterprise-grade networks, developments aligned with the direction set by early innovators in the field.&nbsp;Ultimately, the evolution of private connectivity in the face of regulatory ambiguity has shown that progress in this space relies on a careful balance of technical expertise, regulatory agility, and business planning. Across industries, these systems are moving from experimental pilots to mission-critical infrastructure, enabling secure, scalable, and intelligent communications. The lessons from early deployments will continue to shape how technology, policy, and enterprise needs intersect to create the connected ecosystems of the future.&nbsp;&nbsp;

Absence of clear frameworks for spectrum allocation has meant that early adopters have had to navigate uncharted regulatory waters. As a result, innovative deployment strategies have emerged, shaped by industry experts who can bridge technical expertise with regulatory insight. 

As wireless technology continues to grow at a fast pace, private 4G and 5G networks are quietly rewriting the rules of industrial connectivity. Built for uncompromising reliability, fortified security, and lightning-fast responsiveness, these purpose-built systems are powering the digital backbones of factories, airports, ports, smart cities, and mission-critical operations where failure is not an option. Yet, deploying them has never been straightforward. The absence of clear frameworks for spectrum allocation in many countries has meant that early adopters have had to navigate uncharted regulatory waters. As a result, innovative deployment strategies have emerged, shaped by industry experts who can bridge technical expertise with regulatory insight. Among these leaders is Rahul Bangera, whose work has helped redefine how private wireless networks are planned and delivered amid uncertainty. Rahul’s career reflects steady progression paired with bold innovation. From starting as an RF Engineer, he advanced to senior leadership roles, eventually becoming Director of 5G Solution Architecture and Product Management at NTT DATA. Notably, one of his defining contributions has been the creation of hybrid spectrum models that combine direct licensing, shared spectrum (such as CBRS in the U.S., Ofcom in the UK, and ISED in Canada), and carrier partnerships. This approach allowed organisations to secure reliable spectrum access, lower risk, and speed up deployment timelines. At the same time, the strategist introduced a flexible Network-as-a-Service model. This model enables companies to move from large capital investments to manageable operational costs while still supporting unlimited device scaling. Building on his global deployment experience, the specialist’s edge in private wireless innovation comes from smart spectrum partnerships. In a maze of unclear rules, he helps clients cut through fast, working with carriers and spectrum holders to skip long licensing delays, cut costs, and deploy quickly. His hybrid mix of direct licenses, shared bands like CBRS, and regional deals delivers reliable, scalable connectivity without huge up-front spend. The expert contributed to automating a global automobile manufacturing plant in the US, built Las Vegas’s smart city network that cut wrong-way driving by 90% and saved $1 million a year, and helped turn Brownsville into a wireless hub, avoiding major infrastructure costs. Beyond American borders, the engineer has led industrial connectivity rollouts for manufacturing giants, petrochemical plants, and healthcare facilities in Europe, tailoring advanced mobile solutions to high-performance and low-latency needs. Equally important, spectrum partnerships have expanded to Canada, the UK, Germany, Belgium, Italy, China, India, Mexico, Chile, Australia and Malaysia. Across these projects, his approach has consistently blended technical precision, regulatory adaptability, and a focus on business value. Security and resilience have been key areas of his work. The strategist has supported on-premises network cores, end-to-end encryption, and network slicing capabilities essential for industrial communications. In the future, the private wireless ecosystem will merge with AI and IoT, enabling more agile and adaptive operational models across sectors. According to the expert, “Spectrum is not just a resource; it’s a strategic asset that demands integrated planning to unlock its full potential.” Industry forecasts point toward wider adoption of hybrid spectrum strategies, greater cross-border regulatory harmonisation, and the expansion of managed enterprise-grade networks, developments aligned with the direction set by early innovators in the field. Ultimately, the evolution of private connectivity in the face of regulatory ambiguity has shown that progress in this space relies on a careful balance of technical expertise, regulatory agility, and business planning. Across industries, these systems are moving from experimental pilots to mission-critical infrastructure, enabling secure, scalable, and intelligent communications. The lessons from early deployments will continue to shape how technology, policy, and enterprise needs intersect to create the connected ecosystems of the future.

Absence of clear frameworks for spectrum allocation has meant that early adopters have had to navigate uncharted regulatory waters. As a result, innovative deployment strategies have emerged, shaped by industry experts who can bridge technical expertise with regulatory insight.&nbsp;

The blueprint for ambiguity: Navigating the spectrum maze with private 5G

Oil prices surged approximately 1.5 per cent on Monday following the OPEC+ announcement of a more modest monthly production increase than anticipated. The rise in prices tempered some concerns about supply additions; however, analysts expect near-term profits to be limited by a soft demand outlook. The price of Brent crude rose to 91 cents, or 1.4%, to $65.44 a barrel by 0315 GMT, and the US West Texas Intermediate crude was at $61.77, up 89 cents, or 1.5%&nbsp;"The price jump has primarily been boosted by OPEC+'s decision for a lower-than-expected production hike next month as the group intended to buffer the recent slump in oil markets," said independent analyst Tina Teng, news agency Reuters reported.&nbsp;The Organisation of the Petroleum Exporting Countries, including Russia and some other smaller nations, assured on Sunday that it would increase production from November by 137,000 barrels per day (bpd), similar to the modest monthly increase in October, amid continuously rising concerns over a looming supply glut.<h3>Russia supports an increase in oil production</h3>Sources indicated that Russia was supporting an output increase of 137,000 bpd in order to skip pressures due to the rise in prices, but Saudi Arabia would have opted for double, triple or even quadruple to regain market share rapidly.&nbsp;"OPEC+'s decision to increase production by another 137,000 bpd in November could be manageable in light of rising supply disruptions due to tightening sanctions by the U.S. and Europe against Russia and Iran," ANZ analysts stated in a note on Monday.&nbsp;"Meanwhile, Ukraine continued to intensify its attacks on Russian energy facilities, targeting the Kirishi refinery, one of Russia's largest refineries, with an annual processing capacity exceeding 20 million tonnes," the analysts added.&nbsp;Meanwhile, the finance ministers of the Group of Seven (G7) nations announced last week that they would intensify pressure on Russia by targeting buyers who continue to increase imports of Russian oil and those helping to bypass sanctions, in an effort to curb Moscow’s revenue amid the war in Ukraine. Still, analysts believe that weak demand fundamentals in the fourth quarter will likely limit short-term price increases.&nbsp;Priyanka Sachdeva, senior market analyst at Phillip Nova, noted that in the absence of fresh bullish drivers and with uncertainty clouding the demand outlook, oil prices are expected to remain restrained despite OPEC+ opting for a smaller-than-anticipated output hike.&nbsp;"The reality is that the market is gradually shifting toward a phase of oversupply, with seasonal demand expected to taper off into winter and macro data offering little upside impulse," she added.&nbsp;&nbsp;

The rise in prices tempered some concerns about supply additions; however, analysts expect near-term profits to be limited by a soft demand outlook. 

Oil prices surged approximately 1.5 per cent on Monday following the OPEC+ announcement of a more modest monthly production increase than anticipated. The rise in prices tempered some concerns about supply additions; however, analysts expect near-term profits to be limited by a soft demand outlook. The price of Brent crude rose to 91 cents, or 1.4%, to $65.44 a barrel by 0315 GMT, and the US West Texas Intermediate crude was at $61.77, up 89 cents, or 1.5% "The price jump has primarily been boosted by OPEC+'s decision for a lower-than-expected production hike next month as the group intended to buffer the recent slump in oil markets," said independent analyst Tina Teng, news agency Reuters reported. The Organisation of the Petroleum Exporting Countries, including Russia and some other smaller nations, assured on Sunday that it would increase production from November by 137,000 barrels per day (bpd), similar to the modest monthly increase in October, amid continuously rising concerns over a looming supply glut. Russia supports an increase in oil production Sources indicated that Russia was supporting an output increase of 137,000 bpd in order to skip pressures due to the rise in prices, but Saudi Arabia would have opted for double, triple or even quadruple to regain market share rapidly. "OPEC+'s decision to increase production by another 137,000 bpd in November could be manageable in light of rising supply disruptions due to tightening sanctions by the U.S. and Europe against Russia and Iran," ANZ analysts stated in a note on Monday. "Meanwhile, Ukraine continued to intensify its attacks on Russian energy facilities, targeting the Kirishi refinery, one of Russia's largest refineries, with an annual processing capacity exceeding 20 million tonnes," the analysts added. Meanwhile, the finance ministers of the Group of Seven (G7) nations announced last week that they would intensify pressure on Russia by targeting buyers who continue to increase imports of Russian oil and those helping to bypass sanctions, in an effort to curb Moscow’s revenue amid the war in Ukraine. Still, analysts believe that weak demand fundamentals in the fourth quarter will likely limit short-term price increases. Priyanka Sachdeva, senior market analyst at Phillip Nova, noted that in the absence of fresh bullish drivers and with uncertainty clouding the demand outlook, oil prices are expected to remain restrained despite OPEC+ opting for a smaller-than-anticipated output hike. "The reality is that the market is gradually shifting toward a phase of oversupply, with seasonal demand expected to taper off into winter and macro data offering little upside impulse," she added.

The rise in prices tempered some concerns about supply additions; however, analysts expect near-term profits to be limited by a soft demand outlook.&nbsp;

Will car fuel get more expensive? Oil prices surge after OPEC+ announces modest production

Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday said that the Indian economy is "well settled" and makes the nation "stand out" in a "volatile world." Malhotra was speaking at an event in New Delhi, where he highlighted India's growth despite global headwinds. He also credited the country's economic stability to the government's farsighted and proactive approach.&nbsp;Speaking at the Kautilya Economic Conclave, he said, "Despite changes in government, the continuity of reforms momentum, and the adoption of global best frameworks... our domestic needs and national priorities, it is the combined efforts of the governments, policymakers, regulators, and regulated entities."&nbsp;&nbsp;Malhotra emphasised that India's strong economic position is the result of adopting the right global practices at the right time. "All in all, despite recent odds, the economy seems well settled into an equilibrium of resilient growth, which is quite a feat for a large amount of market and makes India stand out as an anchor of stability in a volatile world," he said.&nbsp;The RBI Governor further noted, “India's macroeconomic fundamentals have remained very strong, built assiduously over the decades. We have strong Forex reserves, low inflation since February, a narrow current account deficit, a very credible fiscal consolidation path, very strong balance sheets of our banks and corporates.”&nbsp;Highlighting the government's emphasis on local development, Malhotra also praised the continuity of reform efforts. He noted that the global economy has shown surprising resilience in the face of high US import tariffs, trade restrictions, and ongoing uncertainties - a positive sign for global stability.&nbsp;&nbsp;"Growth has been upbeat, defined projections. Even though uncertainty has become a pervasive element of contemporary discourse, its tangible effects on the real economy have thus far been muted. We have more to see as to how it unfolds," he added.&nbsp;However, he acknowledged that some economies might suffer permanent damage from the current trade policy environment and associated restrictions.&nbsp;"Fiscally, almost every country today is quite stretched. It is not apparent how the situation could be normalized, especially if the world goes into a phase of lower economic growth. This is a risk for all of us, particularly when it is not accompanied by high inflation," he said.&nbsp;&nbsp;Malhotra also reflected on the recent surge in gold prices, comparing the trend to past fluctuations in oil prices. "Gold prices now are showing the kind of movement that oil used to, that is acting as a barometer of global uncertainty. Overall, despite heightened uncertainty, global financial conditions have recently eased," he concluded.

Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday said that the Indian economy is "well settled" and makes the nation "stand out" in a "volatile world."

Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday said that the Indian economy is "well settled" and makes the nation "stand out" in a "volatile world." Malhotra was speaking at an event in New Delhi, where he highlighted India's growth despite global headwinds. He also credited the country's economic stability to the government's farsighted and proactive approach. Speaking at the Kautilya Economic Conclave, he said, "Despite changes in government, the continuity of reforms momentum, and the adoption of global best frameworks... our domestic needs and national priorities, it is the combined efforts of the governments, policymakers, regulators, and regulated entities." Malhotra emphasised that India's strong economic position is the result of adopting the right global practices at the right time. "All in all, despite recent odds, the economy seems well settled into an equilibrium of resilient growth, which is quite a feat for a large amount of market and makes India stand out as an anchor of stability in a volatile world," he said. The RBI Governor further noted, “India's macroeconomic fundamentals have remained very strong, built assiduously over the decades. We have strong Forex reserves, low inflation since February, a narrow current account deficit, a very credible fiscal consolidation path, very strong balance sheets of our banks and corporates.” Highlighting the government's emphasis on local development, Malhotra also praised the continuity of reform efforts. He noted that the global economy has shown surprising resilience in the face of high US import tariffs, trade restrictions, and ongoing uncertainties - a positive sign for global stability. "Growth has been upbeat, defined projections. Even though uncertainty has become a pervasive element of contemporary discourse, its tangible effects on the real economy have thus far been muted. We have more to see as to how it unfolds," he added. However, he acknowledged that some economies might suffer permanent damage from the current trade policy environment and associated restrictions. "Fiscally, almost every country today is quite stretched. It is not apparent how the situation could be normalized, especially if the world goes into a phase of lower economic growth. This is a risk for all of us, particularly when it is not accompanied by high inflation," he said. Malhotra also reflected on the recent surge in gold prices, comparing the trend to past fluctuations in oil prices. "Gold prices now are showing the kind of movement that oil used to, that is acting as a barometer of global uncertainty. Overall, despite heightened uncertainty, global financial conditions have recently eased," he concluded.

Sanjay Malhotra emphasised that India's strong economic position is the result of adopting the right global practices at the right time.

Indian economy 'well settled' amid global volatility: RBI Governor Sanjay Malhotra

Amid geopolitical uncertainties, gold has become an investment instrument of choice for several investors. This is because when equity markets are weathering&nbsp;global storms, gold tends to stay relatively stable. However, ever since Donald Trump became the President of the United States, and has been unsettling the global economy with his tariffs, the precious metal has experienced a sharp rally. In the calendar&nbsp;year 2025, the yellow metal witnessed a rally of around 48 per cent.<h2>Which country has the biggest gold reserve?</h2>Since gold brings with it safety and liquidity, most central banks invest heavily in gold. Central banks hold one-fifth of all gold ever mined on the planet.&nbsp;Central banks across the world held 36,359 tonnes of gold. The US holds most gold. Its central bank holds 8133.5 tonnes of precious metal.&nbsp;Germany, one of the most technologically advanced countries in the world, holds 3350.3 tonnes. The International Monetary Fund (IMF) holds 2,814 tonnes of gold, followed by Italy and France with 2,451.8 tonnes and 2437 tonnes of gold respectively.<h2>Where does India stand?</h2>By August of this year, India was in the ninth spot as far as holding gold reserves is concerned. It has a gold reserve of 888 tonnes. With 846 tonnes, Japan is in the 10th spot.&nbsp;Gold is a good investment option. However, experts believe that it should be treated as a hedge, not a jackpot.&nbsp;The precious metal sees a massive rally during financial crises. The value of gold doubled between January 2008 and August 2011, when the world was grappling with the 2008 recession in the United States.&nbsp;In just eight months during the coronavirus-induced pandemic, the value of gold rose by 53 per cent in just eight months.

Gold reserves news: In the calendaryear 2025, the yellow metal witnessed a rally of around 48 per cent. Experts attribute the rally to global uncertainties.

Amid geopolitical uncertainties, gold has become an investment instrument of choice for several investors. This is because when equity markets are weathering global storms, gold tends to stay relatively stable. However, ever since Donald Trump became the President of the United States, and has been unsettling the global economy with his tariffs, the precious metal has experienced a sharp rally. In the calendar year 2025, the yellow metal witnessed a rally of around 48 per cent. Which country has the biggest gold reserve? Since gold brings with it safety and liquidity, most central banks invest heavily in gold. Central banks hold one-fifth of all gold ever mined on the planet. Central banks across the world held 36,359 tonnes of gold. The US holds most gold. Its central bank holds 8133.5 tonnes of precious metal. Germany, one of the most technologically advanced countries in the world, holds 3350.3 tonnes. The International Monetary Fund (IMF) holds 2,814 tonnes of gold, followed by Italy and France with 2,451.8 tonnes and 2437 tonnes of gold respectively. Where does India stand? By August of this year, India was in the ninth spot as far as holding gold reserves is concerned. It has a gold reserve of 888 tonnes. With 846 tonnes, Japan is in the 10th spot. Gold is a good investment option. However, experts believe that it should be treated as a hedge, not a jackpot. The precious metal sees a massive rally during financial crises. The value of gold doubled between January 2008 and August 2011, when the world was grappling with the 2008 recession in the United States. In just eight months during the coronavirus-induced pandemic, the value of gold rose by 53 per cent in just eight months.

Gold reserves news: In the calendar&nbsp;year 2025, the yellow metal witnessed a rally of around 48 per cent. Experts attribute the rally to global uncertainties.

Which country has the highest gold reserves? Where does India stand?

The central government has notified the draft rules banning the promotion of online money games. In August, the government banned online gambling by passing the Promotion and Regulation of Online Gaming Bill in the Parliament. The bill became a law after the President's approval. The Ministry of Electronics and Information Technology said in the draft rules that they aim to regulate online gaming, promote e-sports and online social games, and ensure user safety through a structured grievance redressal mechanism.&nbsp;"The central government, through the Ministry of Information and Broadcasting, may issue codes of practice or guidelines in relation to the categorisation of online social games for recreational, educational, skill development, or such other purposes to ensure safe and age-appropriate social gaming content," said the draft rules.&nbsp;With the draft rules, the government proposes to establish the Online Gaming Authority of India. It will be a statutory body headquartered in the National Capital Region (NCR).<h2>What will the Online Gaming Authority of India do?</h2>This body will find out if an online game qualifies as an e-sport, an online game, or a money game. It will also maintain a registry containing the names of online social games and e-sports. It will also issue certificates of registration.&nbsp;This authority will categorise and register games, inquire into complaints, impose penalties, and coordinate with financial institutions and law enforcement agencies.&nbsp;All gaming companies will need certificates of registration for e-sports and social games. These certificates will be valid for a period of five years.&nbsp;The rules also mandate grievance redressal mechanisms at three levels – gaming service providers, Grievance Appellate Committee, and the Online Gaming Authority.&nbsp;The certificates will be cancelled or suspended if these service providers are found in contravention of the law.&nbsp;The Ministry of Youth Affairs and Sports will oversee the recognition and promotion of e-sports, while the Ministry of Information and Broadcasting will be responsible for the promotion of online social games. Whereas, MeitY will act as the nodal ministry for overall regulation.

The central government has notified the draft rules banning the promotion of online money games. In August, the government banned online gambling by passing the Promotion and Regulation of Online Gaming Bill in the Parliament. 

The central government has notified the draft rules banning the promotion of online money games. In August, the government banned online gambling by passing the Promotion and Regulation of Online Gaming Bill in the Parliament. The bill became a law after the President's approval. The Ministry of Electronics and Information Technology said in the draft rules that they aim to regulate online gaming, promote e-sports and online social games, and ensure user safety through a structured grievance redressal mechanism. "The central government, through the Ministry of Information and Broadcasting, may issue codes of practice or guidelines in relation to the categorisation of online social games for recreational, educational, skill development, or such other purposes to ensure safe and age-appropriate social gaming content," said the draft rules. With the draft rules, the government proposes to establish the Online Gaming Authority of India. It will be a statutory body headquartered in the National Capital Region (NCR). What will the Online Gaming Authority of India do? This body will find out if an online game qualifies as an e-sport, an online game, or a money game. It will also maintain a registry containing the names of online social games and e-sports. It will also issue certificates of registration. This authority will categorise and register games, inquire into complaints, impose penalties, and coordinate with financial institutions and law enforcement agencies. All gaming companies will need certificates of registration for e-sports and social games. These certificates will be valid for a period of five years. The rules also mandate grievance redressal mechanisms at three levels – gaming service providers, Grievance Appellate Committee, and the Online Gaming Authority. The certificates will be cancelled or suspended if these service providers are found in contravention of the law. The Ministry of Youth Affairs and Sports will oversee the recognition and promotion of e-sports, while the Ministry of Information and Broadcasting will be responsible for the promotion of online social games. Whereas, MeitY will act as the nodal ministry for overall regulation.

Online Gaming Bill: This authority will categorise and register games, inquire into complaints, impose penalties, and coordinate with financial institutions.

Online Gaming Law: Regulatory body, grievance redressal - what the draft rules say

India’s markets regulator, Securities and Exchange Board of India (SEBI), is mulling over bringing family offices of billionaires under its oversight. The discussions include asking family offices to disclose their entities, assets, and investments.&nbsp;Per the discussions, reported Bloomberg, a separate category to regulate the investment vehicles might also be started. India's market&nbsp;regulator wants to make more visible the way family-run conglomerates invest and the potential risks they take while doing so.<h2>What did the report say about the SEBI move?</h2>Earlier this year, SEBI held meetings with family offices and asked them to submit written&nbsp;submissions, reported Bloomberg, adding that the final contours&nbsp;of the new rules are unknown as of now.&nbsp;The family offices are significant investors who can potentially disrupt markets with their investment decisions. Over the past two decades, the number of massive family offices has increased leaps and bounds, coinciding with India's rapid GDP growth.&nbsp;India is home to scores&nbsp;of businesspeople with a net worth of billions. For instance, Mukesh Ambani's net worth is $96.4 billion. Gautam Adani's net worth is $89.6 billion.&nbsp;Several family offices are already anchor investors in initial public offerings, such as Wipro billionaire Azim Premji’s Premji Invest, the Bajaj automobile dynasty’s Bajaj Holdings and Investment Ltd.&nbsp;Family offices are firms that manage the wealth of one family. The market regulator wants to monitor how&nbsp;family members of these officials&nbsp;invest their wealth. It also wants these family offices to avoid conflicts of interest and insider trading.&nbsp;Srinath Sridharan, a corporate advisor, said that these may include 3,000 entities, including real estate holding firms, that are separate from the operating businesses.&nbsp;Bloomberg reports that the markets regulator has asked for their views on participating in the markets as institutional investors, which would offer them preferential allocation in initial public offerings.

SEBI mulling new rules? Family offices are significant investors who can potentially disrupt markets with their investment decisions.

India’s markets regulator, Securities and Exchange Board of India (SEBI), is mulling over bringing family offices of billionaires under its oversight. The discussions include asking family offices to disclose their entities, assets, and investments. Per the discussions, reported Bloomberg, a separate category to regulate the investment vehicles might also be started. India's market regulator wants to make more visible the way family-run conglomerates invest and the potential risks they take while doing so. What did the report say about the SEBI move? Earlier this year, SEBI held meetings with family offices and asked them to submit written submissions, reported Bloomberg, adding that the final contours of the new rules are unknown as of now. The family offices are significant investors who can potentially disrupt markets with their investment decisions. Over the past two decades, the number of massive family offices has increased leaps and bounds, coinciding with India's rapid GDP growth. India is home to scores of businesspeople with a net worth of billions. For instance, Mukesh Ambani's net worth is $96.4 billion. Gautam Adani's net worth is $89.6 billion. Several family offices are already anchor investors in initial public offerings, such as Wipro billionaire Azim Premji’s Premji Invest, the Bajaj automobile dynasty’s Bajaj Holdings and Investment Ltd. Family offices are firms that manage the wealth of one family. The market regulator wants to monitor how family members of these officials invest their wealth. It also wants these family offices to avoid conflicts of interest and insider trading. Srinath Sridharan, a corporate advisor, said that these may include 3,000 entities, including real estate holding firms, that are separate from the operating businesses. Bloomberg reports that the markets regulator has asked for their views on participating in the markets as institutional investors, which would offer them preferential allocation in initial public offerings.

SEBI mulling new rules? Family offices are significant investors who can potentially disrupt markets with their investment decisions.&nbsp;

SEBI mulling to bring disclosure rules for family offices of billionaires: Report

In her inaugural address at the Kautilya Economic Conclave, Finance Minister Nirmala Sitharaman said on Friday that India plays the role of a stabilizing force in the global economy. She also cautioned the masses against the risks of imbalances and volatility.&nbsp;Nirmala Sitharaman noted that the foundations of the global order are undergoing a structural transformation. She said geopolitical shifts are reshaping trade flows, alliances, and financial systems. She called the present era "turbulent".&nbsp;"The international order is morphing. Trade flows are being reshaped, alliances are being tested, investments are being rerouted along geopolitical lines, and shared commitments are being re-examined," Nirmala Sitharaman said.&nbsp;She stated that the global dominance of one power has given way to contestation and that Asian nations have been asserting alternative models of growth and governance.&nbsp;"What we face is not a temporary disruption but a structural transformation. The question is: What lies on the other side of this transformation? What will the new equilibrium look like? Who will shape it, and on what terms?" the minister said.&nbsp;She said India's growth is anchored in domestic factors, which help the country minimise external shocks.&nbsp;She said that India must strive to figure out how it can “build a global order where trade is fair, finance serves productive ends, energy is both affordable and sustainable, and climate action aligns with development imperatives.”&nbsp;She said that India's capacity to absorb shocks is strong, and the nation's economic leverage is evolving.&nbsp;"Our choices will determine whether resilience becomes a foundation for leadership or merely a buffer against uncertainty," she added.&nbsp;She also called on developing nations to actively participate in shaping global outcomes.&nbsp;"We cannot afford to be passive spectators in a world where decisions elsewhere determine our destinies. We must be active participants, shaping outcomes where possible and preserving autonomy where necessary," the minister noted.

In her inaugural address at the Kautilya Economic Conclave, Finance Minister Nirmala Sitharaman said on Friday that India plays the role of a stabilizing force in the global economy. 

In her inaugural address at the Kautilya Economic Conclave, Finance Minister Nirmala Sitharaman said on Friday that India plays the role of a stabilizing force in the global economy. She also cautioned the masses against the risks of imbalances and volatility. Nirmala Sitharaman noted that the foundations of the global order are undergoing a structural transformation. She said geopolitical shifts are reshaping trade flows, alliances, and financial systems. She called the present era "turbulent". "The international order is morphing. Trade flows are being reshaped, alliances are being tested, investments are being rerouted along geopolitical lines, and shared commitments are being re-examined," Nirmala Sitharaman said. She stated that the global dominance of one power has given way to contestation and that Asian nations have been asserting alternative models of growth and governance. "What we face is not a temporary disruption but a structural transformation. The question is: What lies on the other side of this transformation? What will the new equilibrium look like? Who will shape it, and on what terms?" the minister said. She said India's growth is anchored in domestic factors, which help the country minimise external shocks. She said that India must strive to figure out how it can “build a global order where trade is fair, finance serves productive ends, energy is both affordable and sustainable, and climate action aligns with development imperatives.” She said that India's capacity to absorb shocks is strong, and the nation's economic leverage is evolving. "Our choices will determine whether resilience becomes a foundation for leadership or merely a buffer against uncertainty," she added. She also called on developing nations to actively participate in shaping global outcomes. "We cannot afford to be passive spectators in a world where decisions elsewhere determine our destinies. We must be active participants, shaping outcomes where possible and preserving autonomy where necessary," the minister noted.

Nirmala Sitharaman noted that the foundations of the global order are undergoing a structural transformation.&nbsp;

'Build a global order where trade is fair': Nirmala Sitharaman lauds India's resilience

After announcing the withdrawal of Rs 2,000 banknotes in 2023, the Reserve Bank of India (RBI) now reported that 98.35 per cent of these notes have been returned. This marks a significant decline in their circulation. When the withdrawal was first announced in May 2023, Rs 2,000 banknotes in circulation were valued at Rs 3.56 lakh crore. However, as of September 30, 2025, that figure dropped sharply to Rs 5,8884 crore.&nbsp;It's important to note that this doesn't mean the Rs 2,000 notes have been demonetized. They continue to be legal tender and remain valid for transactions, debt settlements, and other financial obligations. However, they are being phased out of everyday use.&nbsp;The Rs 2,000 banknotes were originally introduced in November 2016 to meet the immediate currency requirements following the demonetization of Rs 500 and Rs 1,000 notes. The RBI has clarified that the withdrawal of Rs 2,000 banknotes was always part of the plan, as other denominations became available in sufficient quantities. In fact, the printing of Rs 2,000 notes had already been stopped in 2018-19.&nbsp;According to the RBI's FAQs, the Rs 2,000 notes are rarely used in daily transactions, and the current availability of lower denominations is adequate to meet public demand.&nbsp;Following the May 2023 announcement, individuals were allowed to deposit or exchange Rs 2,000 banknotes at all bank branches nationwide until October 7, 2023. Additionally, the RBI's 19 Issue Offices facilitated the exchange process. From October 9, 2023, these offices continued to accept Rs 2,000 banknotes for direct deposit into bank accounts by individuals and entities - a move aimed at further easing the transition process for the public.

RBI news: The Rs 2,000 banknotes were originally introduced in November 2016 to meet the immediate currency requirements following the demonetization of Rs 500 and Rs 1,000 notes

After announcing the withdrawal of Rs 2,000 banknotes in 2023, the Reserve Bank of India (RBI) now reported that 98.35 per cent of these notes have been returned. This marks a significant decline in their circulation. When the withdrawal was first announced in May 2023, Rs 2,000 banknotes in circulation were valued at Rs 3.56 lakh crore. However, as of September 30, 2025, that figure dropped sharply to Rs 5,8884 crore. It's important to note that this doesn't mean the Rs 2,000 notes have been demonetized. They continue to be legal tender and remain valid for transactions, debt settlements, and other financial obligations. However, they are being phased out of everyday use. The Rs 2,000 banknotes were originally introduced in November 2016 to meet the immediate currency requirements following the demonetization of Rs 500 and Rs 1,000 notes. The RBI has clarified that the withdrawal of Rs 2,000 banknotes was always part of the plan, as other denominations became available in sufficient quantities. In fact, the printing of Rs 2,000 notes had already been stopped in 2018-19. According to the RBI's FAQs, the Rs 2,000 notes are rarely used in daily transactions, and the current availability of lower denominations is adequate to meet public demand. Following the May 2023 announcement, individuals were allowed to deposit or exchange Rs 2,000 banknotes at all bank branches nationwide until October 7, 2023. Additionally, the RBI's 19 Issue Offices facilitated the exchange process. From October 9, 2023, these offices continued to accept Rs 2,000 banknotes for direct deposit into bank accounts by individuals and entities - a move aimed at further easing the transition process for the public.

RBI news: The Rs 2,000 banknotes were originally introduced in November 2016 to meet the immediate currency requirements following the demonetization of Rs 500 and Rs 1,000 notes

Rs 2000 banknotes still legal tender? Here's what the RBI says

Procter &amp; Gamble Company, one of the world's largest FMCG companies, is reportedly planning to exit cash-strapped Pakistan. The announcement came weeks after the giant announced&nbsp;a global restructuring drive. The company is planning to shut down its manufacturing in Pakistan, including its razors division, Gillette Pakistan Ltd. It is also mulling over delisting from the Pakistan Stock Exchange.&nbsp;Gillette Pakistan’s board will make the decisions in this regard. The company's shares surged to a three-week high after the announcement.&nbsp;In June, P&amp;G announced its plans to streamline its brand portfolio and slash as many as 7,000 jobs over two years.&nbsp;The company has reportedly been facing challenges in Pakistan, which has been experiencing several political and economic challenges. The country has a weak consumer demand. The company is also facing challenges emanating&nbsp;from restrictions on profit repatriation, reported Bloomberg.&nbsp;Gillette Pakistan’s revenue nearly halved in the fiscal year ended June 2025.&nbsp;P&amp;G entered Pakistan in 1991. It sells brands like Pampers, Safeguard, Ariel, Head &amp; Shoulders, and Pantene in Pakistan.&nbsp;The firm said in a statement that it has decided to use a third-party distribution model "to serve consumers in Pakistan at this time". The current employees of the firm might be considered for placements abroad. They may also be offered severance packages.&nbsp;Saad Amanullah Khan, a former chief executive officer at Gillette Pakistan, said that the exits must make the rulers of the country aware that the economy is in doldrums. He cited regulatory pressures and high energy costs for the company's decision.&nbsp;Several countries have already exited Pakistan, including Shell Plc, Pfizer Inc., TotalEnergies SE, and Telenor ASA.&nbsp;P&amp;G sold its soap manufacturing facility last year.&nbsp;"Shell, Pfizer, Total, and Telenor have all pulled back from Pakistan in recent years as multinationals retreat despite its status as the world’s fifth-most populous nation. Pakistan has wider business and economic challenges, including profit-repatriation curbs and weak demand," Bloomberg journalist Faseeh Mangi wrote on X.

Procter & Gamble Company, one of the world's largest FMCG companies, is reportedly planning to exit cash-strapped Pakistan. 

Procter & Gamble Company, one of the world's largest FMCG companies, is reportedly planning to exit cash-strapped Pakistan. The announcement came weeks after the giant announced a global restructuring drive. The company is planning to shut down its manufacturing in Pakistan, including its razors division, Gillette Pakistan Ltd. It is also mulling over delisting from the Pakistan Stock Exchange. Gillette Pakistan’s board will make the decisions in this regard. The company's shares surged to a three-week high after the announcement. In June, P&G announced its plans to streamline its brand portfolio and slash as many as 7,000 jobs over two years. The company has reportedly been facing challenges in Pakistan, which has been experiencing several political and economic challenges. The country has a weak consumer demand. The company is also facing challenges emanating from restrictions on profit repatriation, reported Bloomberg. Gillette Pakistan’s revenue nearly halved in the fiscal year ended June 2025. P&G entered Pakistan in 1991. It sells brands like Pampers, Safeguard, Ariel, Head & Shoulders, and Pantene in Pakistan. The firm said in a statement that it has decided to use a third-party distribution model "to serve consumers in Pakistan at this time". The current employees of the firm might be considered for placements abroad. They may also be offered severance packages. Saad Amanullah Khan, a former chief executive officer at Gillette Pakistan, said that the exits must make the rulers of the country aware that the economy is in doldrums. He cited regulatory pressures and high energy costs for the company's decision. Several countries have already exited Pakistan, including Shell Plc, Pfizer Inc., TotalEnergies SE, and Telenor ASA. P&G sold its soap manufacturing facility last year. "Shell, Pfizer, Total, and Telenor have all pulled back from Pakistan in recent years as multinationals retreat despite its status as the world’s fifth-most populous nation. Pakistan has wider business and economic challenges, including profit-repatriation curbs and weak demand," Bloomberg journalist Faseeh Mangi wrote on X.

The firm said in a statement that it has decided to use a third-party distribution model "to serve consumers in Pakistan at this time".

Why is Procter & Gamble exiting cash-strapped Pakistan after 34 years?

ICICI Bank, one of the largest private lenders in the country, has said in a report that the Reserve Bank of India's Monetary Policy Committee (MPC) will consider cutting policy rates in its December meeting if external headwinds persist and domestic growth begins to decelerate. On Wednesday, the RBI issued an update on the country's monetary policy, keeping the repo rate unchanged at 5.5 per cent.&nbsp;In August, the Monetary Policy Committee had noted that “monetary policy has used policy space created by a benign inflation outlook.”&nbsp;However, in the October review, this language shifted to "sobering of inflation has given greater leeway for monetary policy to support growth," which, according to ICICI Bank, marks a dovish tilt.<h2>What ICICI said in its report</h2>ICICI said in the report that the main factor in deciding the trajectory of policy rates when inflation is benign is growth. "If external headwinds remain and growth starts to decelerate, MPC is likely to go ahead and cut rates," the report added.&nbsp;It also cited the remarks made by Governor Sanjay Malhotra, which supported the idea of a rate cut in the future.&nbsp;The report noted that the governor had emphasized that “some room has opened for easing, and depending on several factors, the next action will be decided in December.”&nbsp;The report also highlighted that two external members of the MPC voted in favour of changing the stance to "accommodative," signaling a dovish bias in the policy outlook.&nbsp;The report said that the RBI can cut the policy rates by 25 basis points.&nbsp;GDP prints, high-frequency indicators, and developments in the external trade environment will, however, decide the future of the trajectory of the policy rates, it said.&nbsp;The governor said in the press conference that GST rate cuts will provide support to consumption, partially offsetting the negative impact of US tariffs on the Indian economy.

ICICI Bank, one of the largest private lenders in the country, has said in a report that the Reserve Bank of India's Monetary Policy Committee (MPC) will consider cutting policy rates in its December meeting if external headwinds persist and domestic growth begins to decelerate. 

ICICI Bank, one of the largest private lenders in the country, has said in a report that the Reserve Bank of India's Monetary Policy Committee (MPC) will consider cutting policy rates in its December meeting if external headwinds persist and domestic growth begins to decelerate. On Wednesday, the RBI issued an update on the country's monetary policy, keeping the repo rate unchanged at 5.5 per cent. In August, the Monetary Policy Committee had noted that “monetary policy has used policy space created by a benign inflation outlook.” However, in the October review, this language shifted to "sobering of inflation has given greater leeway for monetary policy to support growth," which, according to ICICI Bank, marks a dovish tilt. What ICICI said in its report ICICI said in the report that the main factor in deciding the trajectory of policy rates when inflation is benign is growth. "If external headwinds remain and growth starts to decelerate, MPC is likely to go ahead and cut rates," the report added. It also cited the remarks made by Governor Sanjay Malhotra, which supported the idea of a rate cut in the future. The report noted that the governor had emphasized that “some room has opened for easing, and depending on several factors, the next action will be decided in December.” The report also highlighted that two external members of the MPC voted in favour of changing the stance to "accommodative," signaling a dovish bias in the policy outlook. The report said that the RBI can cut the policy rates by 25 basis points. GDP prints, high-frequency indicators, and developments in the external trade environment will, however, decide the future of the trajectory of the policy rates, it said. The governor said in the press conference that GST rate cuts will provide support to consumption, partially offsetting the negative impact of US tariffs on the Indian economy.

RBI monetary policy: In August, the Monetary Policy Committee had noted that “monetary policy has used policy space created by a benign inflation outlook.”

Will RBI cut repo rate in December?

The Reserve Bank of India (RBI) has raised the lending limit for financing Initial Public Offers (IPOs) from Rs 10 lakh to Rs 25 lakh per individual. The decision was taken to boost capital markets participation and increase liquidity. The&nbsp;apex bank has also increased the limit of loans provided against shares from Rs 20 lakh to Rs 1 crore.&nbsp;With its decisions, the RBI intends&nbsp;to encourage greater participation of high-net-worth individuals (HNIs) in equity markets and deepen engagement in the primary market.&nbsp;"Loans against shares and IPO financing existed earlier, but were not revised for many years. It is only natural that these limits be updated," RBI Governor Sanjay Malhotra said.&nbsp;The limit was last updated in 1998. The Reserve Bank of India further said that an increase in the loan limit isn't significant if one adjusts for inflation.&nbsp;The central bank has also proposed to remove the ceiling on lending against listed debt securities, giving banks greater flexibility to support investors. External commercial borrowings norms have been relaxed to broaden the borrower and lender base.<h2>Here are the other decisions RBI took.</h2>1.&nbsp;RBI has announced to consolidate over 250 regulatory instructions into master directions to reduce compliance costs.2. RBI has allowed a six-month forex outlay for merchanting trade transactions.3. The&nbsp;Integrated Ombudsman Scheme will now cover state and district cooperative banks.&nbsp;Reserve Bank of India Governor Sanjay Malhotra said on Wednesday that there was no proposal to impose any charge on UPI transactions.&nbsp;The RBI also said that the apex bank is examining a proposal to allow lending companies to lock mobile phones if buyers haven't made their EMI payments.

The Reserve Bank of India (RBI) has raised the lending limit for financing Initial Public Offers (IPOs) from Rs 10 lakh to Rs 25 lakh per individual. 

The Reserve Bank of India (RBI) has raised the lending limit for financing Initial Public Offers (IPOs) from Rs 10 lakh to Rs 25 lakh per individual. The decision was taken to boost capital markets participation and increase liquidity. The apex bank has also increased the limit of loans provided against shares from Rs 20 lakh to Rs 1 crore. With its decisions, the RBI intends to encourage greater participation of high-net-worth individuals (HNIs) in equity markets and deepen engagement in the primary market. "Loans against shares and IPO financing existed earlier, but were not revised for many years. It is only natural that these limits be updated," RBI Governor Sanjay Malhotra said. The limit was last updated in 1998. The Reserve Bank of India further said that an increase in the loan limit isn't significant if one adjusts for inflation. The central bank has also proposed to remove the ceiling on lending against listed debt securities, giving banks greater flexibility to support investors. External commercial borrowings norms have been relaxed to broaden the borrower and lender base. Here are the other decisions RBI took. 1. RBI has announced to consolidate over 250 regulatory instructions into master directions to reduce compliance costs. 2. RBI has allowed a six-month forex outlay for merchanting trade transactions. 3. The Integrated Ombudsman Scheme will now cover state and district cooperative banks. Reserve Bank of India Governor Sanjay Malhotra said on Wednesday that there was no proposal to impose any charge on UPI transactions. The RBI also said that the apex bank is examining a proposal to allow lending companies to lock mobile phones if buyers haven't made their EMI payments.

Reserve Bank of India's new loan move: RBI intends&nbsp;to encourage greater participation of high-net-worth individuals (HNIs) in equity markets and deepen engagement in the primary market.

RBI raises IPO financing limit to Rs 25 lakh, allows more loan against shares

M3M Hurun India Rich List 2025, released on Wednesday, revealed that Mukesh Ambani is the richest Indian, followed by Gautam Adani. However, do you know who the richest non-resident Indian is?<h2>Here's what Hurun said in its report.</h2>With a net worth of Rs 1.85 lakh crore, the Gopichand Hinduja and family are the richest non-residents. With Rs 1.75 lakh crore, LN Mittal and family, which is based in London, are the second-richest.&nbsp;San Jose–based founder of cybersecurity giant Zscaler, Jay Chaudhry, is the third richest man of Indian origin. His net worth is Rs 1.46 lakh crore.&nbsp;Anil Agarwal and the family of Vedanta Resources rank fourth with Rs 1.11 lakh crore.&nbsp;Shapoor Pallonji Mistry and family, which lives in Monaco, are the fifth richest with a net worth of Rs 88,650 crore.&nbsp;Indorama's Sri Prakash Lohia, a London-based industrialist, is the sixth richest with a net worth of Rs 87,700 crore.&nbsp;Vivek Chaand Sehgal and the family of Samvardhana Motherson International, with a net worth of Rs 57,060 crore, is in the seventh spot.&nbsp;Jayshree Ullal, who runs San Francisco-based Arista Networks, is next on the list with a net worth of Rs 50,170 crore.&nbsp;Yusuff Ali, MA of Abu Dhabi’s Lulu Group, is ninth on the list with a net worth of Rs 46300 crore.&nbsp;Rakesh Gangwal and family, the co-founder of IndiGo, have a net worth of Rs 42,790 crore. They are 10th on the list.&nbsp;Collectively, the 10 overseas Indians on the 2025 Hurun list represent a wealth of over Rs 8.9 lakh crore.&nbsp;Mukesh Ambani became the richest Indian with a wealth of Rs 9.55 lakh crore (USD 105 billion). Gautam Adani, 63, and his family followed closely with Rs. 8.15 lakh crore.

M3M Hurun India Rich List 2025, released on Wednesday, revealed that Mukesh Ambani is the richest Indian, followed by Gautam Adani. 

M3M Hurun India Rich List 2025, released on Wednesday, revealed that Mukesh Ambani is the richest Indian, followed by Gautam Adani. However, do you know who the richest non-resident Indian is? Here's what Hurun said in its report. With a net worth of Rs 1.85 lakh crore, the Gopichand Hinduja and family are the richest non-residents. With Rs 1.75 lakh crore, LN Mittal and family, which is based in London, are the second-richest. San Jose–based founder of cybersecurity giant Zscaler, Jay Chaudhry, is the third richest man of Indian origin. His net worth is Rs 1.46 lakh crore. Anil Agarwal and the family of Vedanta Resources rank fourth with Rs 1.11 lakh crore. Shapoor Pallonji Mistry and family, which lives in Monaco, are the fifth richest with a net worth of Rs 88,650 crore. Indorama's Sri Prakash Lohia, a London-based industrialist, is the sixth richest with a net worth of Rs 87,700 crore. Vivek Chaand Sehgal and the family of Samvardhana Motherson International, with a net worth of Rs 57,060 crore, is in the seventh spot. Jayshree Ullal, who runs San Francisco-based Arista Networks, is next on the list with a net worth of Rs 50,170 crore. Yusuff Ali, MA of Abu Dhabi’s Lulu Group, is ninth on the list with a net worth of Rs 46300 crore. Rakesh Gangwal and family, the co-founder of IndiGo, have a net worth of Rs 42,790 crore. They are 10th on the list. Collectively, the 10 overseas Indians on the 2025 Hurun list represent a wealth of over Rs 8.9 lakh crore. Mukesh Ambani became the richest Indian with a wealth of Rs 9.55 lakh crore (USD 105 billion). Gautam Adani, 63, and his family followed closely with Rs. 8.15 lakh crore.

Hurun India Rich List 2025: San Jose–based founder of cybersecurity giant Zscaler, Jay Chaudhry, is the third richest man of Indian origin.

Who are the world's richest overseas Indians? Check the 2025 list

Bollywood icon Shah Rukh Khan has become a billionaire, the first from the Indian film industry, according to the&nbsp;M3M Hurun India Rich List 2025, which was revealed on Wednesday. For the first time, a woman is among the top three richest Indians as&nbsp;Roshni Nadar Malhotra, 44, and her family secured the third spot with a wealth of Rs. 2.84 lakh crore.&nbsp;Mukesh Ambani became the richest Indian with a&nbsp;wealth of Rs 9.55 lakh crore (USD 105 billion). Gautam&nbsp;Adani, 63, and his family followed closely with Rs. 8.15 lakh crore.&nbsp;In total, 1,687 individuals have wealth above Rs 1,000 crore. This includes&nbsp;284 new entrants.&nbsp;The Bajaj family, led by Niraj Bajaj, accrued the highest amount of wealth this year. The group added&nbsp;Rs 69,875 crore to its wealth. Their combined&nbsp;net worth is Rs 2.33 lakh crore.&nbsp;Aravind Srinivas, the 31-year-old founder of AI startup Perplexity, became a billionaire with a net worth of Rs 21,190 crore. He is the youngest billionaire on the list.&nbsp;Shah Rukh Khan joined the billionaire list with a net worth of Rs 12,490 crore.&nbsp;Vijay Shekhar Sharma, founder of Paytm, returned to the billionaire list after a sharp rise in the company's stock price. His net worth is Rs 15,930 crore.&nbsp;451 people on the list are from Mumbai, 223 from New Delhi, and 116 from Bengaluru. 101 women were on the list, including 26 billionaires.&nbsp;&nbsp;The combined wealth of the top 10 richest Indians accounted for 28 per cent of the overall list, while Ambani and Adani together made up 12 per cent of the total wealth.

Hurun India Rich List 2025: What's the net worth of Shah Rukh Khan? Who is the richest Indian woman?

Bollywood icon Shah Rukh Khan has become a billionaire, the first from the Indian film industry, according to the M3M Hurun India Rich List 2025, which was revealed on Wednesday. For the first time, a woman is among the top three richest Indians as Roshni Nadar Malhotra, 44, and her family secured the third spot with a wealth of Rs. 2.84 lakh crore. Mukesh Ambani became the richest Indian with a wealth of Rs 9.55 lakh crore (USD 105 billion). Gautam Adani, 63, and his family followed closely with Rs. 8.15 lakh crore. In total, 1,687 individuals have wealth above Rs 1,000 crore. This includes 284 new entrants. The Bajaj family, led by Niraj Bajaj, accrued the highest amount of wealth this year. The group added Rs 69,875 crore to its wealth. Their combined net worth is Rs 2.33 lakh crore. Aravind Srinivas, the 31-year-old founder of AI startup Perplexity, became a billionaire with a net worth of Rs 21,190 crore. He is the youngest billionaire on the list. Shah Rukh Khan joined the billionaire list with a net worth of Rs 12,490 crore. Vijay Shekhar Sharma, founder of Paytm, returned to the billionaire list after a sharp rise in the company's stock price. His net worth is Rs 15,930 crore. 451 people on the list are from Mumbai, 223 from New Delhi, and 116 from Bengaluru. 101 women were on the list, including 26 billionaires. The combined wealth of the top 10 richest Indians accounted for 28 per cent of the overall list, while Ambani and Adani together made up 12 per cent of the total wealth.

Hurun India Rich List 2025: What's the net worth of Shah Rukh Khan? Who is the richest Indian woman?

Hurun India Rich List 2025: Aravind Srinivas youngest billionaire; check full details

The Union Cabinet, under the leadership of Prime Minister Shri Narendra Modi, has approved a 3 per cent increase in Dearness Allowance (DA) for central government employees and Dearness Relief (DR) for pensioners. The change in DA will be effective from July. The government's move, weeks before Diwali, has raised the existing DA rates from 55 per cent to 58 per cent of the basic pay.&nbsp;The DA hike comes amid the festive season, when the masses tend to indulge in spending. Last month, the central government eliminated the 12 per cent and 28 per cent slabs of the Goods and Services Tax, reducing the tax on most of the items in these categories.&nbsp;The government's move was aimed at boosting consumer spending.&nbsp;This move may also boost the sentiment of consumers.&nbsp;The hike, aimed at offsetting the impact of inflation, will benefit approximately 49.19 lakh Central Government employees and 68.72 lakh pensioners.&nbsp;The total financial implication of this decision on the exchequer is estimated at Rs 10,083.96 crore annually, said the government's statement.&nbsp;The revision was made based on the 7th Central Pay Commission.&nbsp;The Union Cabinet also approved the Mission for Aatmanirbharta in Pulses.&nbsp;The mission will be implemented over six years, from 2025-26 to 2030-31, with a financial outlay of Rs 11,440 crore.&nbsp;For the Rabi Crops for Marketing Season 2026-27, the Cabinet Committee on Economic Affairs (CCEA), which is also chaired by Prime Minister Narendra Modi, approved the increase in the Minimum Support Prices (MSP).&nbsp;The absolute highest increase in MSP has been announced for Safflower at Rs 600 per quintal, followed by Lentil (Masur) at Rs 300 per quintal.&nbsp;Last month, the Union Cabinet approved Productivity Linked Bonus for the 10,91,146 railway employees. The government said in a statement that the bonus will be 78 days' salary.&nbsp;"In recognition of the excellent performance by the railway staff, the Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, today approved payment of Productivity Linked Bonus (PLB) of 78 days for Rs 1865.68 crore to 10,91,146 railway employees," it had said.

The Union Cabinet, under the leadership of Prime Minister Shri Narendra Modi, has approved a 3 per cent increase in Dearness Allowance (DA) for central government employees and Dearness Relief (DR) for pensioners. 

The Union Cabinet, under the leadership of Prime Minister Shri Narendra Modi, has approved a 3 per cent increase in Dearness Allowance (DA) for central government employees and Dearness Relief (DR) for pensioners. The change in DA will be effective from July. The government's move, weeks before Diwali, has raised the existing DA rates from 55 per cent to 58 per cent of the basic pay. The DA hike comes amid the festive season, when the masses tend to indulge in spending. Last month, the central government eliminated the 12 per cent and 28 per cent slabs of the Goods and Services Tax, reducing the tax on most of the items in these categories. The government's move was aimed at boosting consumer spending. This move may also boost the sentiment of consumers. The hike, aimed at offsetting the impact of inflation, will benefit approximately 49.19 lakh Central Government employees and 68.72 lakh pensioners. The total financial implication of this decision on the exchequer is estimated at Rs 10,083.96 crore annually, said the government's statement. The revision was made based on the 7th Central Pay Commission. The Union Cabinet also approved the Mission for Aatmanirbharta in Pulses. The mission will be implemented over six years, from 2025-26 to 2030-31, with a financial outlay of Rs 11,440 crore. For the Rabi Crops for Marketing Season 2026-27, the Cabinet Committee on Economic Affairs (CCEA), which is also chaired by Prime Minister Narendra Modi, approved the increase in the Minimum Support Prices (MSP). The absolute highest increase in MSP has been announced for Safflower at Rs 600 per quintal, followed by Lentil (Masur) at Rs 300 per quintal. Last month, the Union Cabinet approved Productivity Linked Bonus for the 10,91,146 railway employees. The government said in a statement that the bonus will be 78 days' salary. "In recognition of the excellent performance by the railway staff, the Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, today approved payment of Productivity Linked Bonus (PLB) of 78 days for Rs 1865.68 crore to 10,91,146 railway employees," it had said.

Dearness Allowance increased: The hike, aimed at offsetting the impact of inflation, will benefit approximately 49.19 lakh Central Government employees and 68.72 lakh pensioners.

Union Cabinet increases Dearness Allowance for central government employees

Normally, a human needs around 1000 hours of intense self-study to crack&nbsp;the prestigious, three-part chartered financial analyst exam. Passing the exam ensures that a person climbs the corporate ladder. The most difficult level of the exam is Level III. While it takes a human several months of hard work to crack the exam, artificial&nbsp;intelligence models can clear the exam in a matter of minutes, highlighting that the technology is already surpassing human intelligence.&nbsp;A new study conducted by researchers from New York University Stern School of Business and GoodFin, according to CNBC, evaluated 23 large language models on their ability to answer multiple-choice and essay questions. The test was modelled around mock CFA Level III exams.AI products like o4-mini, Gemini 2.5 Pro, and Claude Opus passed he exam&nbsp;after "chain-of-thought" prompting.&nbsp;Previous research&nbsp;had found that artificial intelligence was able to clear Levels I and II of the exam. However, two years ago, it was struggling to pass the Level III exam because it required them to write essay questions.&nbsp;However, as the AI technology is advancing rapidly, researchers found these models were able to handle "specialized, high-stakes analytical reasoning required for professional financial decision-making".&nbsp;The third CFA exam focuses on wealth planning and the management of a portfolio.&nbsp;Anna Joo Fee, GoodFin CEO, said that this technology will transform the industry. She, however, still said that AI won't replace the CFA.&nbsp;The research was led by Shilpi Nayak, the co-founder and CTO of Goodfin.&nbsp;"There are things like context and intent that are hard for the machine to assess right now. That's where a human shines, in understanding your body language and cues," she added.&nbsp;

Normally, a human needs around 1000 hours of intense self-study to crack the prestigious, three-part chartered financial analyst exam. 

Normally, a human needs around 1000 hours of intense self-study to crack the prestigious, three-part chartered financial analyst exam. Passing the exam ensures that a person climbs the corporate ladder. The most difficult level of the exam is Level III. While it takes a human several months of hard work to crack the exam, artificial intelligence models can clear the exam in a matter of minutes, highlighting that the technology is already surpassing human intelligence. A new study conducted by researchers from New York University Stern School of Business and GoodFin, according to CNBC, evaluated 23 large language models on their ability to answer multiple-choice and essay questions. The test was modelled around mock CFA Level III exams. AI products like o4-mini, Gemini 2.5 Pro, and Claude Opus passed he exam after "chain-of-thought" prompting. Previous research had found that artificial intelligence was able to clear Levels I and II of the exam. However, two years ago, it was struggling to pass the Level III exam because it required them to write essay questions. However, as the AI technology is advancing rapidly, researchers found these models were able to handle "specialized, high-stakes analytical reasoning required for professional financial decision-making". The third CFA exam focuses on wealth planning and the management of a portfolio. Anna Joo Fee, GoodFin CEO, said that this technology will transform the industry. She, however, still said that AI won't replace the CFA. The research was led by Shilpi Nayak, the co-founder and CTO of Goodfin. "There are things like context and intent that are hard for the machine to assess right now. That's where a human shines, in understanding your body language and cues," she added.

Previous research&nbsp;had found that artificial intelligence was able to clear Levels I and II of the exam.&nbsp;

Artificial intelligence models pass the CFA exam

Reserve Bank of India Governor Sanjay Malhotra, who announced India's Monetary Policy update, said on Wednesday that there is no proposal to impose any charge on UPI transactions. He said that the apex bank is examining a proposal to allow lenders to remotely lock mobile phones bought on credit if the buyer hasn't made their EMI payments.&nbsp;Sanjay Malhotra said there were no proposals to impose charges on UPI payments. He also said UPI payments in India are growing exponentially.&nbsp;"Is there going to be charges on UPI? Well, there is no proposal before us," he said at a post-monetary policy press conference.&nbsp;He said the matter of the digital locking of phones bought on credit was being considered. RBI&nbsp;Deputy Governor M Rajeshwar Rao said the RBI will take a view on the matter in the future.&nbsp;"The issue of digital locking is under examination as the Governor has pointed out. There are pros and cons on both sides in terms of balancing customer rights and requirements, data privacy, and creditors' requirements. So, we are examining the issue, we will...take a view at a later point in time," Rao was quoted as saying by the news agency PTI.<h2>RBI Monetary Policy Update</h2>Sanjay Malhotra said India's GDP growth trajectory will grow. The apex bank also raised the GDP growth projection for the financial year 2025-2026.&nbsp;RBI's growth projection was 6.5 per cent. It revised it to 6.8 per cent.&nbsp;"Taking all these factors into account, real GDP growth for this year is now projected at 6.8 per cent. This is a revision from our earlier forecast of 6.5%; now it is projected at 7%, Q3 at 6.4%, and Q4 at 6.2%. Real GDP growth for Q1 next year is projected at 6.4%. The risks are evenly balanced," he added.

RBI Governor Sanjay Malhotra said there were no proposals to impose charges on UPI payments. He also said UPI payments in India are growing exponentially.

Reserve Bank of India Governor Sanjay Malhotra, who announced India's Monetary Policy update, said on Wednesday that there is no proposal to impose any charge on UPI transactions. He said that the apex bank is examining a proposal to allow lenders to remotely lock mobile phones bought on credit if the buyer hasn't made their EMI payments. Sanjay Malhotra said there were no proposals to impose charges on UPI payments. He also said UPI payments in India are growing exponentially. "Is there going to be charges on UPI? Well, there is no proposal before us," he said at a post-monetary policy press conference. He said the matter of the digital locking of phones bought on credit was being considered. RBI Deputy Governor M Rajeshwar Rao said the RBI will take a view on the matter in the future. "The issue of digital locking is under examination as the Governor has pointed out. There are pros and cons on both sides in terms of balancing customer rights and requirements, data privacy, and creditors' requirements. So, we are examining the issue, we will...take a view at a later point in time," Rao was quoted as saying by the news agency PTI. RBI Monetary Policy Update Sanjay Malhotra said India's GDP growth trajectory will grow. The apex bank also raised the GDP growth projection for the financial year 2025-2026. RBI's growth projection was 6.5 per cent. It revised it to 6.8 per cent. "Taking all these factors into account, real GDP growth for this year is now projected at 6.8 per cent. This is a revision from our earlier forecast of 6.5%; now it is projected at 7%, Q3 at 6.4%, and Q4 at 6.2%. Real GDP growth for Q1 next year is projected at 6.4%. The risks are evenly balanced," he added.

RBI Governor Sanjay Malhotra said there were no proposals to impose charges on UPI payments. He also said UPI payments in India are growing exponentially.

Phones bought on credit to be locked on EMI default? RBI says...

The United States government was officially shut down after a vote to extend the federal funding deadline failed. The US government shutdown has triggered fears in government employees of being left without pay in the absence of budget allocations. The move is expected to hurt global markets, gold prices, bond yields, and the US dollar.<h2>How investors reacted to the US government shutdown</h2><h3>Gold</h3>On Wednesday, gold prices witnessed the safe-haven effect as its international value climbed 0.1 per cent to $3,861.99 per ounce, as of 0359 GMT, reported Mint. The precious metal prices are witnessing an upsurge because the dollar has weakened. Investors are also anticipating US federal rate cuts in October and December.<h3>Pressure on Dollar and Bond Yields</h3>Anuj Gupta, Director at Ya Wealth, told Mint that the shutdown will put the US dollar and the US treasury under pressure. This can fuel demand for equity, gold, and mutual funds, he added. He said that gold and equities might gain internationally.&nbsp;Sandeep Pandey, co-founder of Basav Capital, said that investors may shift their money from the bond and currency markets to safe havens, such as equities and commodities. Gold and silver might be an option. Those willing to take risks will move towards cryptocurrencies.&nbsp;According to the report, a prolonged shutdown may increase the prices of gold and silver further, as investors would want to park their money in safer options. In equities, short-term volatility is expected. However, some sectors may benefit if FIIs return to India&nbsp;Bond yields are expected to remain under pressure internationally.&nbsp;Meanwhile, former Vice President Kamala Harris said that US President Donald Trump and Republicans wanted higher healthcare costs, which caused the shutdown.&nbsp;"President Trump and Congressional Republicans just shut down the government because they refused to stop your health care costs from rising. Let me be clear: Republicans are in charge of the White House, House, and Senate. This is their shutdown," she wrote on X.

The United States government was officially shut down after a vote to extend the federal funding deadline failed. 

The United States government was officially shut down after a vote to extend the federal funding deadline failed. The US government shutdown has triggered fears in government employees of being left without pay in the absence of budget allocations. The move is expected to hurt global markets, gold prices, bond yields, and the US dollar. How investors reacted to the US government shutdown Gold On Wednesday, gold prices witnessed the safe-haven effect as its international value climbed 0.1 per cent to $3,861.99 per ounce, as of 0359 GMT, reported Mint. The precious metal prices are witnessing an upsurge because the dollar has weakened. Investors are also anticipating US federal rate cuts in October and December. Pressure on Dollar and Bond Yields Anuj Gupta, Director at Ya Wealth, told Mint that the shutdown will put the US dollar and the US treasury under pressure. This can fuel demand for equity, gold, and mutual funds, he added. He said that gold and equities might gain internationally. Sandeep Pandey, co-founder of Basav Capital, said that investors may shift their money from the bond and currency markets to safe havens, such as equities and commodities. Gold and silver might be an option. Those willing to take risks will move towards cryptocurrencies. According to the report, a prolonged shutdown may increase the prices of gold and silver further, as investors would want to park their money in safer options. In equities, short-term volatility is expected. However, some sectors may benefit if FIIs return to India Bond yields are expected to remain under pressure internationally. Meanwhile, former Vice President Kamala Harris said that US President Donald Trump and Republicans wanted higher healthcare costs, which caused the shutdown. "President Trump and Congressional Republicans just shut down the government because they refused to stop your health care costs from rising. Let me be clear: Republicans are in charge of the White House, House, and Senate. This is their shutdown," she wrote on X.

US government shutdown: Gold prices witnessed the safe-haven effect as its international value climbed 0.1 per cent to $3,861.99 per ounce

How the US government shutdown will affect gold, dollar, bond yield

The Reserve Bank of India (RBI) on Wednesday revised India's growth forecast for the financial year 2026. Announcing its monetary policy decision, the apex bank said India's growth may be positively impacted by the good monsoon&nbsp;this year and the central government's GST rationalisation move.&nbsp;The RBI&nbsp;revised India's growth forecast to&nbsp;6.8 per cent, with quarterly estimates of 7 per cent in Q2 as against 6.7 per cent announced earlier, 6.4 per cent in Q3 as compared to 6.6 per cent earlier, and 6.2 per cent in Q4 as against 6.3 per cent projected earlier.&nbsp;Growth for Q1 of the next financial year, FY27, is projected at 6.4 per cent as against 6.6 per cent earlier. The growth projections in Q3, Q4, and Q1 of FY27 were revised downwards, partly due to 50 per cent tariffs by the US on Indian imports.&nbsp;RBI Governor Sanjay Malhotra said US tariffs might hamper India's exports to the country.&nbsp;However, the government's GST move will likely offset the impact of global&nbsp;headwinds.&nbsp;"Taking all these factors into account, real GDP growth for this year is now projected at 6.8 per cent. This is a revision from our earlier forecast of 6.5%; now it is projected at 7%, Q3 at 6.4%, and Q4 at 6.2%. Real GDP growth for Q1 next year is projected at 6.4%. The risks are evenly balanced," he added.&nbsp;The RBI also kept the repo rate unchanged at 5.5 per cent.&nbsp;<h2>GST reform</h2>The central government has eliminated the 12 per cent and 28 per cent GST slabs. It has placed items in these categories in the lower 5 per cent and 18 per cent slabs. The government made the decision to boost domestic consumption.

The Reserve Bank of India (RBI) on Wednesday revised India's growth forecast for the financial year 2026. Announcing its monetary policy decision, the apex bank said India's growth may be positively impacted by the good monsoon this year and the central government's GST rationalisation move.

The Reserve Bank of India (RBI) on Wednesday revised India's growth forecast for the financial year 2026. Announcing its monetary policy decision, the apex bank said India's growth may be positively impacted by the good monsoon this year and the central government's GST rationalisation move. The RBI revised India's growth forecast to 6.8 per cent, with quarterly estimates of 7 per cent in Q2 as against 6.7 per cent announced earlier, 6.4 per cent in Q3 as compared to 6.6 per cent earlier, and 6.2 per cent in Q4 as against 6.3 per cent projected earlier. Growth for Q1 of the next financial year, FY27, is projected at 6.4 per cent as against 6.6 per cent earlier. The growth projections in Q3, Q4, and Q1 of FY27 were revised downwards, partly due to 50 per cent tariffs by the US on Indian imports. RBI Governor Sanjay Malhotra said US tariffs might hamper India's exports to the country. However, the government's GST move will likely offset the impact of global headwinds. "Taking all these factors into account, real GDP growth for this year is now projected at 6.8 per cent. This is a revision from our earlier forecast of 6.5%; now it is projected at 7%, Q3 at 6.4%, and Q4 at 6.2%. Real GDP growth for Q1 next year is projected at 6.4%. The risks are evenly balanced," he added. The RBI also kept the repo rate unchanged at 5.5 per cent. GST reform The central government has eliminated the 12 per cent and 28 per cent GST slabs. It has placed items in these categories in the lower 5 per cent and 18 per cent slabs. The government made the decision to boost domestic consumption.

Reserve Bank of India's Monetary Policy update: The RBI&nbsp;revised India's growth forecast to&nbsp;6.8 per cent, with quarterly estimates of 7 per cent in Q2 as against 6.7 per cent announced earlier.

Reserve Bank of raises India's GDP growth forecast to 6.8 per cent

The Reserve Bank of India’s Monetary Policy Committee (MPC) on Wednesday kept the repo rate unchanged at 5.5 per cent. RBI Governor Sanjay Malhotra stated that the panel deemed it prudent to wait until the impact of certain policy actions is visible.&nbsp;"The Monetary Police Committee (MPC) considered it prudent to wait for the impact of policy actions to play out and for greater clarity to emerge before starting the next course of action. Accordingly, the MPC unanimously voted to keep the policy repo rate unchanged at 5.5% and also decided to retain the stance as neutral," he said.&nbsp;"Consequently, the STF rate remains at 5.25%, while the MSF rate and the bank rate remain at 5.75%. The MPC also decided to continue with the neutral stance," he added.&nbsp;The RBI Governor further said that the inflation figures were revised.&nbsp;"The average headline inflation for this year has consequently been revised, lowered from 3.7 % which was projected in June, 3.1 % in August, to 2.6%. Headline inflation for Q4 this year and Q1 next year too has been revised downwards and is broadly aligned with the target despite unfavourable base effects. Core inflation for the year and Q1 next year is also expected to remain contained," he said.&nbsp;He said that global uncertainties and tariff-related developments are likely to decelerate growth.&nbsp;"The current macroeconomic conditions and the outlook have opened up policy space for further supporting growth... The trade-related uncertainties are also unfolding," he added.&nbsp;RBI Governor Sanjay Malhotra said that the structural GST reforms announced by Prime Minister Narendra Modi will help India offset some of the adverse effects of global headwinds.&nbsp;"Taking all these factors into account, real GDP growth for this year is now projected at 6.8 per cent. This is a revision from our earlier forecast of 6.5%; now it is projected at 7%, Q3 at 6.4%, and Q4 at 6.2%. Real GDP growth for Q1 next year is projected at 6.4%. The risks are evenly balanced," he added.

The Reserve Bank of India’s Monetary Policy Committee (MPC) on Wednesday kept the repo rate unchanged at 5.5 per cent. 

The Reserve Bank of India’s Monetary Policy Committee (MPC) on Wednesday kept the repo rate unchanged at 5.5 per cent. RBI Governor Sanjay Malhotra stated that the panel deemed it prudent to wait until the impact of certain policy actions is visible. "The Monetary Police Committee (MPC) considered it prudent to wait for the impact of policy actions to play out and for greater clarity to emerge before starting the next course of action. Accordingly, the MPC unanimously voted to keep the policy repo rate unchanged at 5.5% and also decided to retain the stance as neutral," he said. "Consequently, the STF rate remains at 5.25%, while the MSF rate and the bank rate remain at 5.75%. The MPC also decided to continue with the neutral stance," he added. The RBI Governor further said that the inflation figures were revised. "The average headline inflation for this year has consequently been revised, lowered from 3.7 % which was projected in June, 3.1 % in August, to 2.6%. Headline inflation for Q4 this year and Q1 next year too has been revised downwards and is broadly aligned with the target despite unfavourable base effects. Core inflation for the year and Q1 next year is also expected to remain contained," he said. He said that global uncertainties and tariff-related developments are likely to decelerate growth. "The current macroeconomic conditions and the outlook have opened up policy space for further supporting growth... The trade-related uncertainties are also unfolding," he added. RBI Governor Sanjay Malhotra said that the structural GST reforms announced by Prime Minister Narendra Modi will help India offset some of the adverse effects of global headwinds. "Taking all these factors into account, real GDP growth for this year is now projected at 6.8 per cent. This is a revision from our earlier forecast of 6.5%; now it is projected at 7%, Q3 at 6.4%, and Q4 at 6.2%. Real GDP growth for Q1 next year is projected at 6.4%. The risks are evenly balanced," he added.

RBI Governor Sanjay Malhotra said that the panel decided&nbsp;to retain its stance as "neutral".&nbsp;

RBI keeps repo rate unchanged: 'To wait for impact of policy actions'

With the United States undergoing its first government shutdown in nearly seven years, President Donald Trump has threatened that he would use this as an opportunity to lay off Democrats. The shutdown comes as Senate Democrats late Tuesday (Sep 30) rejected a Republican stopgap funding bill, demanding concessions on healthcare. With funding set to expire at midnight Wednesday, the White House’s budget office has ordered federal agencies to prepare for an “orderly shutdown.”Also read | <a href="https://www.wionews.com/world/us-hours-away-from-first-government-shutdown-in-6-years-as-talks-collapse-republicans-and-democrats-trade-blame-1759282651686">US hours away from first government shutdown in 6 years as talks collapse; Republicans and Democrats trade blame</a><h2>Trump to strip away "Democrat things" under the guise of a shutdown?</h2>President Donald Trump, who had earlier predicted the deadlock, blamed Democrats and warned that the stoppage would be used to slash public sector jobs and strip away “Democrat things.”“So we’d be laying off a lot of people that are going to be very affected. And they’re Democrats, they’re going to be Democrats,” Trump said at a White House event earlier. He added that “a lot of good can come from shutdowns” and suggested that his administration would use it to “get rid of a lot of things we didn’t want, and they’d be Democrat things”.The shutdown threatens hundreds of thousands of federal employees with furloughs and could disrupt key government services. It follows earlier mass layoffs under Elon Musk’s newly created Department of Government Efficiency, which slashed federal payrolls this year.Also read | <a href="https://www.wionews.com/trending/-how-is-he-posting-this-trump-boasts-of-24kt-gold-in-white-house-hours-after-deadly-church-shooting-1759122910225">'HOW is he posting THIS': Trump boasts of 24kt gold in White House hours after deadly church shooting</a><h2>Republican bill to keep funding the government fails</h2>Senate Republicans, who control the chamber but fell short of the 60 votes needed, accused Democrats of staging a showdown for political gain. Democrats countered that Republicans refused to negotiate over skyrocketing healthcare costs.In a memo released after the damning vote, the White House’s Office of Management and Budget directed the affected agencies to “execute their plans for an orderly shutdown.”If no breakthrough comes, the government will begin shutting down at midnight — with both parties racing to assign blame. &nbsp;

The US is in its first shutdown in nearly 7 years as Democrats block a GOP funding bill. Trump warned he’ll use the crisis to cut “Democrat things,” while agencies prepare for an “orderly shutdown.” Midnight is the deadline — and blame is flying on both sides. All you need to know.

With the United States undergoing its first government shutdown in nearly seven years, President Donald Trump has threatened that he would use this as an opportunity to lay off Democrats. The shutdown comes as Senate Democrats late Tuesday (Sep 30) rejected a Republican stopgap funding bill, demanding concessions on healthcare. With funding set to expire at midnight Wednesday, the White House’s budget office has ordered federal agencies to prepare for an “orderly shutdown.” Also read | US hours away from first government shutdown in 6 years as talks collapse; Republicans and Democrats trade blame Trump to strip away "Democrat things" under the guise of a shutdown? President Donald Trump, who had earlier predicted the deadlock, blamed Democrats and warned that the stoppage would be used to slash public sector jobs and strip away “Democrat things.” “So we’d be laying off a lot of people that are going to be very affected. And they’re Democrats, they’re going to be Democrats,” Trump said at a White House event earlier. He added that “a lot of good can come from shutdowns” and suggested that his administration would use it to “get rid of a lot of things we didn’t want, and they’d be Democrat things”. The shutdown threatens hundreds of thousands of federal employees with furloughs and could disrupt key government services. It follows earlier mass layoffs under Elon Musk’s newly created Department of Government Efficiency, which slashed federal payrolls this year. Also read | 'HOW is he posting THIS': Trump boasts of 24kt gold in White House hours after deadly church shooting Republican bill to keep funding the government fails Senate Republicans, who control the chamber but fell short of the 60 votes needed, accused Democrats of staging a showdown for political gain. Democrats countered that Republicans refused to negotiate over skyrocketing healthcare costs. In a memo released after the damning vote, the White House’s Office of Management and Budget directed the affected agencies to “execute their plans for an orderly shutdown.” If no breakthrough comes, the government will begin shutting down at midnight — with both parties racing to assign blame.

The US is in its first shutdown in nearly 7 years as Democrats block a GOP funding bill. Trump warned he’ll use the crisis to cut “Democrat things,” while agencies prepare for an “orderly shutdown.” Midnight is the deadline — and blame is flying on both sides. All you need to know.

'Lot of good can come from shutdowns': Trump threatens Democrats with layoffs