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BusinessRBI Governor Sanjay Malhotra stated that the rupee is undervalued and the central bank plans to intervene. The rupee closed at 96.78, down 36 paise, marking a five-month low. He noted that global AI stock corrections might attract foreign capital to India. Despite a strong services trade surplus, the current account deficit widened due to a higher merchandise trade deficit.
TOI Business·
BusinessOn October 7, three Nifty 500 stocks, including Rainbow Children's Medicare, closed above their Volume Weighted Average Price (VWAP), indicating strong intraday buying momentum. This technical data from StockEdge shows that these stocks' closing prices outperformed their average trading prices weighted by volume during the session, highlighting positive market activity.
ET Markets·
TechnologyCrowdStrike reported that a China-based suspect used AI coding tools in cyberattacks targeting South Korean financial institutions from late September to early October. The investigation uncovered personal details of the attacker through analysis of AI tool sessions and related infrastructure, revealing the role of AI in the hacking campaign.
Firstpost Tech·
EntertainmentVeteran Bollywood actor Nana Patekar passed away at the age of 75 in Goa's Manipal Hospital. He was declared dead at 5:20 AM after suffering severe chest pain and being found unconscious at his flat. Despite CPR and hospital treatment, doctors could not save him. His son Malhar Patekar confirmed the death. Nana was known for films like Parinda and Krantiveer and kept his family life private.
Aaj Tak··Goa
TechnologyAnthropic, a US-based AI company, has expanded its 'Claude Startups' program to support early-stage AI-native startups in India. Eligible startups can receive up to USD 7,000 in products and credits, including a free year of Claude Team and USD 1,000 in API credits. The program also offers third-party software benefits worth up to USD 45,000 to reduce infrastructure costs, announced by Anthropic India MD Irina Ghose.
ET Tech·
WorldBangalore Metro Rail Corporation Limited (BMRCL) announced new BMTC bus stops at Cubbon Park and Tavarekere metro stations starting October 6. At Cubbon Park on the Purple Line, stops are near entrances B and C for buses traveling towards Shanthinagar and Raj Bhavan. Tavarekere on the upcoming Pink Line has stops for buses between Dairy Circle, Bannerghatta, and Jayadeva Hospital. The stops were added after joint inspection by BMRCL and BMTC.
Deccan Herald··Bengaluru
TOI Business·
RBI Governor Sanjay Malhotra stated that the rupee is undervalued and the central bank plans to intervene. The rupee closed at 96.78, down 36 paise, marking a five-month low. He noted that global AI stock corrections might attract foreign capital to India. Despite a strong services trade surplus, the current account deficit widened due to a higher merchandise trade deficit.
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