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Ram Singh, an external member of the central bank s Monetary Policy Committee, believes an immediate rate cut poses an overdose risk. He states that existing monetary and fiscal measures are still impacting the economy. Singh emphasizes tracking both nominal and real GDP growth. He also notes that low inflation negatively affects businesses and public finances.

Asset reconstruction companies are showing interest in DLI Logistics Ltd. A promoter proposed a settlement of ₹590 crore against outstanding dues. Lenders have invited binding bids on a cash basis. A Swiss challenge auction is scheduled for October 27. The reserve price is ₹590 crore. The minimum bid price is ₹619.50 crore.

India s economy is poised for strong growth, with S&P Global Ratings projecting expansion around 6.5% this year and 7% in the next two. The nation is seen as resilient to global trade shocks and geopolitical risks. Global investors view India as an attractive destination for stable, long-term growth opportunities. This outlook supports India s economic trajectory.

Indian stock markets saw a significant rise on Thursday. Both Nifty and Sensex climbed 1 percent. Overseas investors slowed their selling. Domestic investors bought shares. Positive second-quarter earnings and hopes for a US-India trade deal boosted sentiment. Auto and FMCG sectors performed well. Analysts predict further gains if trade talks progress.

The rupee surged to a one-month high of 87.82 against the dollar on Thursday, buoyed by a weaker dollar index and positive sentiment from equity markets and India-US trade talks. This rally followed suspected heavy RBI intervention on Wednesday, which helped the rupee trade above the 88/$1 mark for a second consecutive day.

State Bank of India is poised to raise ₹7,500 crore through the sale of 10-year Tier II bonds, with pricing expected above a 7% coupon. This marks the first such bond issuance by India s largest bank, featuring a base size of ₹5,000 crore and a potential ₹2,500 crore green shoe option.

Fitch Ratings has upgraded IIFL Finance s outlook to positive from stable, affirming its B+ senior secured debt rating. The agency anticipates improvements in the company s credit profile over the next two years, including asset quality and funding diversity, following the lifting of RBI restrictions on gold loans.

Indian tax officials are scrutinizing DBS Bank s 2019 Masala Bond investments. The Income Tax department seeks confirmation on beneficial ownership and interest received. This probe follows a period of tax exemption for Masala Bond interest. The investigation aims to ensure compliance with investment regulations and tax benefits. Details on bond issuance and RBI filings are being sought.

India s Ministry of External Affairs has refuted US President Donald Trump s claim that Prime Minister Narendra Modi assured him of ending Russian oil purchases. The MEA stated no such telephonic conversation occurred, emphasizing India s consistent priority to safeguard consumer interests in volatile energy markets.

Indian IT exporters are demonstrating strong deal wins, adapting to AI-driven client demands amidst a challenging business environment. Despite uncertainties, companies are strategically integrating AI, bolstering their pipelines and showing resilience. Improved hiring and a weaker rupee are expected to support performance in the latter half of the fiscal year.