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BusinessThe RBI is widely expected to increase the repo rate by 25 basis points to 5.50% in its upcoming policy decision. This move will keep banks, NBFCs, realty, and auto stocks in focus. Markets will closely watch the RBI's inflation outlook and future rate guidance amid concerns over elevated crude prices impacting inflation and the current account deficit.
ET Markets·
HealthChrista Pike has regained consciousness and begun speaking nearly a week after her failed execution in Tennessee, which experts say is medically unprecedented. Pike's lawyers revealed she has thrombocytosis, a blood-clotting disorder, and small veins complicating lethal injection. Her legal team had challenged the state's execution protocol, citing these medical issues. Doctors are still working to clear the sedative from her system.
HT World·
PoliticsDelhi Police registered an FIR against Congress leaders Rahul Gandhi and Priyanka Gandhi Vadra along with their supporters for allegedly forcibly entering Akashvani Bhawan on October 6. This incident occurred during the opposition's march protesting against the Chief Election Commissioner, officials confirmed on Wednesday.
Business Standard··Delhi
BusinessOn October 7, Indian stock markets declined after the Reserve Bank of India raised the repo rate to 5.5%. The Sensex dropped by 529 points and the Nifty fell by 191 points. Global factors such as rising Brent crude prices and increasing US bond yields also influenced market sentiment, affecting investor outlook on equities.
Mint Markets·
TechnologyTwo South Korean megachurches are investigating suspected cyberattacks that may have compromised the personal data of hundreds of thousands of congregants. Evidence suggests that AI tools could have been used in these attacks, according to statements from the churches and a cybersecurity firm involved in the investigation.
ET Tech·
WorldOn October 6, 2026, Ukraine launched a drone attack on a Liberian-flagged oil tanker off the southern Russian coast near Sochi, triggering a massive fire and thick black smoke over the Black Sea. Russia confirmed the tanker was hit by naval drones, causing crude oil to burn openly. Firefighters could not control the blaze, but all 23 crew members, who were Indian citizens, were rescued safely. Sochi, a resort city of nearly 500,000, was affected by the smoke.
The Hindu··Sochi
ET Markets·
The RBI is widely expected to increase the repo rate by 25 basis points to 5.50% in its upcoming policy decision. This move will keep banks, NBFCs, realty, and auto stocks in focus. Markets will closely watch the RBI's inflation outlook and future rate guidance amid concerns over elevated crude prices impacting inflation and the current account deficit.
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