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Business

Nifty Faces Selling Pressure Amid Hormuz Disruption, Finds Support at 22,600-22,400

The NSE Nifty 50 is expected to face selling pressure due to elevated crude prices, Strait of Hormuz disruptions, rising global yields, and persistent Foreign Institutional Investor outflows. The index lost about Rs 5 lakh crore in market capitalization, declining 3% over eight weeks. Analysts say Nifty finds support at 22,600-22,400 levels, with a decisive breakdown risking further decline.

NDTV Business·

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Business

Anup Bagchi to Become HDFC Bank CEO on October 27

Anup Bagchi, after over three decades at ICICI Group, will become the MD and CEO of HDFC Bank on October 27, succeeding Sashidhar Jagdishan. This marks Bagchi's first leadership role outside ICICI. His appointment brings an external perspective to HDFC Bank as it aims to rebuild investor confidence. Bagchi is an IIT Kanpur and IIM Bangalore alumnus with a diverse financial services background.

Deccan Herald··Bengaluru

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Business

GST Council to Approve Major Compliance Reforms for E-commerce Sellers

The GST Council is set to approve significant reforms to simplify tax compliance for businesses, especially small e-commerce sellers. Proposed changes include allowing sellers to use platform warehouses for GST registration, protecting genuine buyers' input tax credit, and reducing low-value litigation. Around 9.5 lakh small sellers could benefit by accessing the national market without physical offices in every state, streamlining registration and return filing processes.

HT Business·

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Politics

Britain’s Green Party Labels Zionism as Racism

On October 5, 2026, Britain’s Green Party voted to classify Zionism as a form of racism. The party described Zionism as an ethnonationalist political project and urged the UK Labour government to end arms trade with Israel. The decision drew criticism from British Jews and the Israeli government, which accused the party of legitimizing terrorism. The Greens also support a single democratic state in historic Palestine.

Hindu World·

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Business

Intesa's Paschi Bid Supported by Major Shareholder Delfin

Intesa Sanpaolo announced that its improved offer for Banca Monte dei Paschi di Siena has received support from the bank's largest shareholder, Delfin Sarl. This endorsement brings Intesa closer to winning the Italian bank's takeover contest.

Mint Companies·

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Sports

Chiefs WR Rashee Rice Injures Right Hamstring vs Raiders

Kansas City Chiefs wide receiver Rashee Rice injured his right hamstring during the first quarter of the game against the Las Vegas Raiders. The injury occurred with 7:58 minutes left in the quarter after Rice pulled up at the end of a catch. He immediately went to the sideline and is currently questionable to return, according to the Chiefs.

HT Sports·

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