Nykaa parent FSN E-Commerce Ventures shares rose after the company indicated strong Q2 FY27 growth momentum across Beauty and Fashion. Consolidated GMV is expected to grow in the high 20s, while NSV and net revenue growth are projected in the early and high 20s, respectively.
Shinichi Uchida, the Deputy Governor of the Bank of Japan, underscored the significant influence of artificial intelligence on the financial landscape. He noted that escalating asset prices could trigger market corrections if anticipated AI returns fail to materialize. Uchida also suggested that robust demand for AI might alter Japan's natural interest rates.
Koyel Mallick, a Bengali film actor, officially joined the BJP and was nominated for the upcoming Rajya Sabha elections. She previously served as a TMC Rajya Sabha MP before resigning this July. The BJP's West Bengal general secretary welcomed her and expressed hopes for her nomination filing. Mallick stated it would be an honor to serve in the Upper House of Parliament.
Amidst anticipation for the Reserve Bank of India’s policy decision, Indian government bonds have remained relatively stable. The yield for the 6.94% 2036 bond is currently 7.2127%. Analysts predict this week could mark the central bank's first rate hike since 2023. Additionally, state borrowing is projected to surpass market expectations, which could impact supply dynamics. Meanwhile, recent US Treasury yields have offered short-term relief amid shifting global financial conditions.
Anup Bagchi takes charge as HDFC Bank’s new CEO at a critical juncture, with the lender seeking to revive deposit and loan growth, improve margins and unlock HDFC Ltd merger synergies. With the stock 29% below its peak, investors will closely watch whether Bagchi can restore growth and confidence.
Delhi’s pollution-control efforts are facing fresh questions after MCD records showed that only a small fraction of fines imposed for construction violations were recovered in 2024 and 2025. The concern comes as Delhi recorded its worst AQI of the season at 187 on October 4, while experts warned that weaker winds and approaching winter conditions could lead to more polluted days.
Uttar Pradesh Chief Minister Yogi Adityanath has emphasised the need to identify and remove ineligible names from the voter list. He stated that this effort is important for national security, unity, and integrity. Adityanath also verified entries related to deceased individuals and duplicate names as necessary measures. Opposition groups have protested against this Special Intensive Revision, demanding the resignation of Chief Election Commissioner Gyanesh Kumar.
A 28-year-old worker at an Anti-Plague Research Institute in Shelekhov, Siberia, died from unknown pneumonia. Russian authorities are investigating the incident, and special measures have been implemented in the region. Although there are concerns about pneumonic plague, officials emphasize that there is no outbreak. Close contacts of the deceased worker are under medical supervision and show no symptoms of illness.
Protesters assembled outside the Parliament Street police station, asking for an FIR regarding sexual harassment claims. Three women journalists alleged police personnel harassed them during a protest at Jantar Mantar. They criticized the police for not providing CCTV footage or updates on the case. The New Delhi district police have transferred the complaints to the Crime Branch for investigation.
Indian founder shared a video of his three bedroom Airbnb in Barcelona after the one week stay cost him Rs 3.5 lakh. His walkthrough of the apartment, paired with his comments on cost of living in Europe, sparked a debate online, with several users questioning the comparison he drew with India.
The Reserve Bank of India's Monetary Policy Committee is meeting to discuss potential interest rate hikes. Inflationary pressures and external factors are leading to anticipation of a rate increase. Analysts expect a 25 basis points hike in the upcoming policy announcement. This decision aligns with current inflation trends and economic forecasts for the country. The market is closely monitoring these developments as they will impact future economic stability.
