Hospital stocks rose up to 5% after the government capped trade margins on non-scheduled anti-cancer drugs at 30%, potentially reducing medicine prices by 70%. Jefferies and Emkay expect manageable earnings impacts, despite near-term margin pressures. Jefferies favours Fortis, Manipal, Apollo, Max Healthcare and Medanta, citing strong demand and attractive valuations.
Majority owner Airtel Africa Plc and Mastercard Inc. may sell an additional 27 million shares through an overallotment option after the stock debuts in London under the ticker symbol “AMC”
TCS stock rises 5.2% to ₹2,183.90 on growth in international business, climbing AI-related revenue
Pakistan's Army Chief Asim Munir has agreed to deploy troops to Mecca pact ally Saudi Arabia in addition to 8,000 troops already in the Kingdom without consulting the country's political leadership. The decision comes after Pakistan intially refused to get involved in the fight against Houthis a position taken by the country's parliament in a unanimous vote in 2015.
A fire broke out in the medicine room of the Government Civil Hospital affiliated with the Medical College in Godhra, Gujurat. The event prompted the evacuation of more than 200 patients, including pregnant women. Firefighters and police rushed to the spot and began rescue operations. There were casualties in the incident while premilinary investigations suggest a fire from a short circuit.
This is done to ensure parity of taxes imposed on imports of gold and other metals through different routes, Revenue Secretary says
The Indian Army defused 27 improvised explosive devices (IEDs) along the Shangkhalok-Pilong stretch in Manipur's Kamjong district. The route is located near the remote Pilong village along the international border with Myanmar. The security operation was conducted from October 4 to 7. The IEDs were hidden in bushes along the 8-km stretch, with sniffer dogs being employed to unearth the explosives.
Bank of England Chief Economist Huw Pill urges central banks to prioritise inflation control amid rising global bond yields. Divisions among UK policymakers over interest rates persist as they assess inflation risks linked to the Iran war.
Delhi Dry Days October 9–10: Delhi has declared dry days on October 9 and 10, with liquor shops ordered to remain closed amid the “prevailing” situation in the capital. The decision comes ahead of a planned protest at Jantar Mantar demanding Chief Election Commissioner Gyanesh Kumar’s resignation over allegations linked to the SIR of electoral rolls. More than 20,000 police and paramilitary personnel have been deployed across the city, PTI reported.
