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BusinessPhoto: News18 Business

Diwali Buyers Prefer Lightweight Gold Jewellery Amid Market Uncertainty

As Diwali approaches, buyers are favoring lightweight gold jewellery over heavy designs due to shifting preferences for versatile, everyday wear and long-term value. Global geopolitical tensions, including the US-Iran conflict, have caused gold prices to drop over 26% and silver over 53% since January. Inflation and tighter monetary policies add uncertainty, prompting caution in large commodity investments, says analyst Manav Modi of Motilal Oswal.

News18 Business·

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BusinessPhoto: Deccan Herald

India Faces No US Pressure to Cut Russian Oil Imports, Says Minister

Union Minister Hardeep Singh Puri stated that India has not faced any pressure from the US to reduce its Russian crude oil imports. He noted that India’s imports from Russia surged after the Ukraine war due to discounts, while Middle Eastern oil supplies have increased. Indian refiners are now buying more Gulf oil at discounted rates, reducing Russian oil imports. India is also expanding refining capacity to meet local demand.

Deccan Herald·

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SciencePhoto: Aaj Tak

Cyclone Arnab to Make Landfall Near Yanam with 150 km/h Winds

Cyclone Arnab has intensified into a very severe cyclonic storm. It is expected to make landfall near Yanam, between Bapatla and Visakhapatnam, on October 28 with wind speeds of 125-135 km/h, potentially reaching 150 km/h. Fishermen have been warned not to venture into the sea until October 30 due to dangerous conditions.

Aaj Tak··Yanam

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SportsPhoto: Hindu Sport

Chennai Teen Teaches Chess to Underprivileged Children

Sai Swaroop V., a 16-year-old Class XI student from San Academy, Chennai, uses his free time to teach chess to underprivileged children. He has conducted free workshops for five years, both in orphanages and online. An Arena International Master, Sai aims to mentor children confidently on the chessboard. He has worked with organizations like Aravindh Foundations and Ramalinga Adigalar Gurukulam.

Hindu Sport··Chennai

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BusinessPhoto: Mint Markets

Aditya Birla Capital Rates JSW Steel, SAIL as Top Buys

Aditya Birla Capital expects a durable upcycle in the Indian steel sector due to tightening supply, resilient demand, and trade protection measures. It recommends buying JSW Steel and SAIL stocks, assigns an Add rating to Tata Steel and Jindal Steel, and initiates Positive coverage on ArcelorMittal, highlighting capacity growth and margin recovery prospects.

Mint Markets·

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