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PoliticsCongress leader Rahul Gandhi and other party leaders were released by police after being detained for over eight hours during a sit-in protest at Akashvani Bhawan. They were forcibly removed and taken to Kingsway Camp police lines. The protest was against Chief Election Commissioner Gyanesh Kumar, demanding his removal over 'vote chori' allegations.
Business Standard··Delhi
BusinessLuxury spending in the US declined by 6% in September, marking the third consecutive monthly drop. This trend reflects weaker consumer confidence, ongoing inflation, and a cooling jobs market, raising concerns about the financial health of American households ahead of the November midterm elections.
Firstpost World·
BusinessOn October 7, Indian equities continued their recovery for the second consecutive session. Softer crude oil prices, strong Asian markets, and robust quarterly business updates boosted investor sentiment. The Nifty 50 rose by 220.35 points (0.98%) to close at 22,776.10, while the Sensex gained 685.34 points (0.95%) to settle at 73,067.81, both closing at their daily highs.
Mint Markets·
BusinessIndian stock markets rose driven by strong banking stocks and falling oil prices. The Sensex and Nifty saw significant gains as investors awaited the Reserve Bank of India's monetary policy decision. Axis Bank and Kotak Mahindra Bank reported robust quarterly results, improving investor sentiment and lifting market indices.
ET Markets·
BusinessL&T Realty, the real estate division of Larsen & Toubro Ltd, plans to expand its portfolio to about 150 million square feet by 2031. The company will focus on premium and luxury residential projects to accelerate growth, said managing director and CEO Anupam Kumar in an interview with Mint.
Mint Companies·
BusinessFormer Flipkart executives including ex-CEO Mukesh Bansal, finance head Sanjay Baweja, and ex-CBO Ankit Nagori wrote a letter this month expressing concerns over the uncertain India IPO timeline. They highlighted that this delay means no liquidity for ex-employees, while the company’s founders and early investors have fully monetized their equity stakes.
Economic Times·
Business Standard··Delhi
Congress leader Rahul Gandhi and other party leaders were released by police after being detained for over eight hours during a sit-in protest at Akashvani Bhawan. They were forcibly removed and taken to Kingsway Camp police lines. The protest was against Chief Election Commissioner Gyanesh Kumar, demanding his removal over 'vote chori' allegations.
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