KHATIMA NEWS
Business
Silver futures dropped by about 3000 rupees per kilogram on the Multi Commodity Exchange as Indian equities came under intense pressure on Thursday. Gold moved higher on the domestic and international markets, creating a mixed picture across precious metals as the rupee-denominated market responded to wider financial pressure.
Business
The proposed 0.4% merchant charge on UPI payments above ₹2000 may not begin on 15 October. A report citing sources says the government is considering moving implementation to 1 January 2027, which would keep festive-season UPI transactions free for merchants and payment companies if approved.
Business
The 8th Pay Commission is nearing the end of its 18-month reporting period, but a submitted report will not trigger an immediate salary increase. Government review, a final decision and notification could add several months before revised pay reaches central employees and pensioners.
Business
Indian equities closed lower for a second consecutive session, with the Sensex down 1,147.58 points and the Nifty 50 at 22,209.25 by 2:30 AM PM. Rising global bond yields, the RBI's policy stance and continued foreign investor selling weighed on sentiment, while metal, healthcare and other sectors declined.
Business
The Reserve Bank of India raised the repo rate from 5.25% to 5.50%, a 0.25 percentage-point increase. If banks pass the change on to new fixed deposits, the example in the report shows a ₹20 lakh FD earning ₹34,965 more over 5 years at a 7.25% rate.
Business
Indian equities came under heavy pressure as the Sensex fell more than 700 points and the Nifty 50 dropped over 200 points. Nearly ₹7 lakh crore was erased from the combined market value of BSE-listed companies, as tighter RBI policy, rising bond yields, expensive crude and continued foreign selling weighed on sentiment.
Real Estate
A five-storey building collapsed in East Delhi's Seemapuri, sending a blast-like sound and clouds of dust through a densely populated area. Residents rushed to the site, pulled 4 people from the debris before response teams arrived, and helped police, firefighters and the National Disaster Response Force continue the rescue operation.
Business
RBI Governor Sanjay Malhotra said the Monetary Policy Committee adopted a calibrated tightening stance by a 4-2 majority. He cited challenging geopolitical conditions, resilient Indian economic momentum and inflation projected to average almost 5.8 per cent over the next three quarters.
Business
The repo rate has been increased from 5.25% to 5.50%, according to the reported monetary policy decision. Every member of the Monetary Policy Committee supported the move, making the vote unanimous. The decision marks a clear shift in the policy rate from its earlier level.
Business
Former RBI Governor C. Rangarajan says UPI has helped reduce currency use, but gaps in the system must be addressed.
Business
Indian equities opened sharply higher on Monday after an eight-week decline. The Sensex rose 625 points to 72,534, while the Nifty reached 22,595. Bajaj Finance, Nykaa, TD Power and other large-, mid- and small-cap stocks recorded strong early gains during the market's recovery.
Business
Department of Economic Affairs Secretary Anuradha Thakur said public capital expenditure has increased from 2 lakh crores in 14-15 to a budget of about Rs 12 lakh crores this year. Including grants to states, effective capital expenditure stands at Rs 17.15 lakh crores, while investment incentives target private-sector participation.
