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BusinessPhoto: TOI BusinessThe Reserve Bank of India (RBI) is debating whether to intervene or allow market forces to determine the rupee's value. The IMF recently suggested that India should let the exchange rate act as a shock absorber. RBI Governor Sanjay Malhotra believes the rupee is undervalued, raising questions about the best approach to managing the currency's fluctuations.
TOI Business·
PoliticsPhoto: DNA IndiaUnion Minister of State L Murugan has requested Prime Minister Narendra Modi to relieve him from his ministerial duties and allow him to resign from the Rajya Sabha. Murugan aims to return to grassroots politics in Tamil Nadu, working closely with BJP workers to strengthen the party organization and prepare for the 2029 Lok Sabha elections. He expressed a desire to personally connect with people across the state.
DNA India·
PoliticsPhoto: HT WorldKatie Zacharia’s first White House press briefing on October 13 ended awkwardly after she mistakenly called her husband "my president." She answered questions from only three reporters and struggled on US intelligence sharing with Ukraine. Zacharia praised President Trump and promoted Republican rallies ahead of the November midterms. She also announced Kimberly Guilfoyle was asked to resign as US ambassador to Greece.
HT World·
WorldPhoto: The HinduSouthern Railway has announced special festival trains from Kerala ahead of Navarathri to manage extra passenger rush. Train 06105 will run from Thiruvananthapuram North to Santragachi on October 15, returning as 06106 on October 18. Train 06575 will run from Bengaluru Cantonment to Thiruvananthapuram North on October 16, returning as 06576 on October 17. These services aim to ease travel during the festival season.
The Hindu··Thiruvananthapuram
BusinessPhoto: Mint CompaniesNoel Tata and his brother Neville have filed a caveat against the trustees of the Sir Dorabji Tata Trust (SDTT) amid an ongoing dispute over the governance and functioning of Tata Trusts. Additionally, other Tata Trusts entities have filed 84 caveats before the Maharashtra Charity Commissioner under relevant sections of the Maharashtra Public Trusts Act.
Mint Companies·
BusinessPhoto: MintThe Securities and Exchange Board of India (Sebi) has proposed stricter regulations for monitoring the use of funds raised by listed companies through IPOs. The new framework includes direct reporting by monitoring agencies to stock exchanges and penalties for companies that do not cooperate. These recommendations come from a Sebi working group reviewing the Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, aiming to improve transparency and accountability in fund utilization.
Mint·
TOI Business·
Photo: TOI BusinessThe Reserve Bank of India (RBI) is debating whether to intervene or allow market forces to determine the rupee's value. The IMF recently suggested that India should let the exchange rate act as a shock absorber. RBI Governor Sanjay Malhotra believes the rupee is undervalued, raising questions about the best approach to managing the currency's fluctuations.
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