In major reforms, RBI expands credit for companies; limits on loansagainst shares hiked 5x to Rs 1cr

In major reforms, RBI expands credit for companies; limits on loansagainst shares hiked 5x to Rs 1cr

MUMBAI: Reserve Bank of India unveiled on Wednesday its most comprehensive reforms in over a decade, aimed at countering US-driven headwinds and expanding credit to companies, while deepening capital market activity. Banks can now finance mergers and acquisitions, and IPOs more freely, while limits on loans against shares and listed debt securities have been raised.Central…

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US job data: Private sector sheds 32,000 jobs in September; ADP report shows slowdown despite wage growth

US job data: Private sector sheds 32,000 jobs in September; ADP report shows slowdown despite wage growth

The US private sector lost 32,000 jobs in September, according to payroll processor ADP, defying analysts’ expectations of employment growth. The biggest losses came in leisure and hospitality, professional services, and financial activities, AFP reported.Hiring also contracted in trade, transportation and utilities, along with manufacturing, the report showed.“Despite the strong economic growth we saw in…

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US market today: Wall Street drifts on weak ADP jobs data; treasuries gain as yields fall

US market today: Wall Street drifts on weak ADP jobs data; treasuries gain as yields fall

US stocks drifted on Wednesday as fresh signs of weakness in the job market stoked caution among investors. The S&P 500 fell 0.3% in early trading, though it remained near last week’s record high. The Dow Jones Industrial Average declined 51 points, or 0.1%, while the Nasdaq composite dropped 0.4%, AP reported.Treasury yields fell sharply…

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Wheat MSP hike: Cabinet approves Rs 160 increase; fixes price at Rs 2,585 per quintal

Wheat MSP hike: Cabinet approves Rs 160 increase; fixes price at Rs 2,585 per quintal

The Union Cabinet on Wednesday approved a 6.59 per cent increase in the minimum support price (MSP) for wheat, raising it by Rs 160 per quintal to Rs 2,585 for the 2026-27 marketing year. The decision was taken in a meeting chaired by Prime Minister Narendra Modi.Last year, wheat MSP was fixed at Rs 2,425…

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Hurun Rich List 2025: Mukesh Ambani reclaims spot as India’s richest with Rs 9.55 lakh crore wealth; beats Gautam Adani

Hurun Rich List 2025: Mukesh Ambani reclaims spot as India’s richest with Rs 9.55 lakh crore wealth; beats Gautam Adani

India’s richest people: Mukesh Ambani and Gautam Adani Mukesh Ambani and his family have beaten Gautam Adani to become India’s richest, according to the latest M3M Hurun India Rich List 2025. With a wealth of Rs 9.55 lakh crore, Ambani has reclaimed the top spot, while Adani family stands second with a wealth of Rs…

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‘Tariffs to hit growth in second half’: RBI governor Sanjay Malhotra on impact of Trump trade war; confident of India’s economic resilience

‘Tariffs to hit growth in second half’: RBI governor Sanjay Malhotra on impact of Trump trade war; confident of India’s economic resilience

Sanjay Malhotra’s remarks assume significance at a time when the Donald Trump administration has imposed 50% tariffs on Indian exports. (AI image) RBI governor Sanjay Malhotra on Wednesday flagged trade and tariff related risks to India’s growth story, while expressing confidence about the resilience of the economy. In his monetary policy review statement, RBI governor…

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Stock market today: Nifty50 opens in green; BSE Sensex above 80,300

Stock market today: Nifty50 opens in green; BSE Sensex above 80,300

Market experts anticipate sideways movement, influenced by global indicators. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Wednesday ahead of the RBI monetary policy. While Nifty50 was above 24,600, BSE Sensex was up over 50 points. At 9:16 AM, Nifty50 was trading at 24,625.00, up…

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Gold price prediction today: Will stellar gold rally run continue in the near term? Here’s the outlook

Gold price prediction today: Will stellar gold rally run continue in the near term? Here’s the outlook

Gold is still poised to continue its bull run as it may test a level $ 3,950 – 4,000 per oz in spot markets by the end of 2025. (AI image) Gold price prediction today: Gold and silver prices are poised for a long-term bull run, though there may be short term volatility due to…

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Top stocks to buy today: Stock recommendations for October 1, 2025 – check list

Top stocks to buy today: Stock recommendations for October 1, 2025 – check list

Top stocks to buy (AI image) Stock market recommendations: According to Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers, the top stocks to buy today are HUDCO, IFCI, and City Union Bank:HUDCO – Retest of 200 DEMA + Uptrend ContinuationBuy near: ₹222–218 | SL: ₹200 | Target: ₹260Housing And Urban Development…

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K visa vs H-1B: China’s new visa effective October 1, 2025; will Trump’s immigration policies push talent to China? Explained

K visa vs H-1B: China’s new visa effective October 1, 2025; will Trump’s immigration policies push talent to China? Explained

The newly introduced K visa, announced in August, aims to attract young international STEM (Science, Technology, Engineering and Mathematics) graduates. (AI image) China’s newly introduced K visa category, which is effective from October 1, 2025, is widely being seen as a counter (though not official!) to the Donald Trump administration’s crackdown on the H-1B visa…

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