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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·
SportsGulveer Singh, a 28-year-old athlete from Aligarh, won three medals at the Asian Games in Japan, becoming the first Indian in 40 years to achieve this feat. He won silver in the 1,500m and 10,000m races and bronze in the 5,000m. He previously won medals at the Commonwealth Games and credits his coach Scott Simmons for his consistent performance.
HT Sports··Aligarh
TechnologyThe Tejas fighter jet program in India has gained momentum as a US aircraft manufacturer has delivered four F404 engines for the indigenous Tejas fighter jet, also known as the desi Rafale. This development marks a significant boost for the program, enhancing the production and performance of the Tejas combat aircraft.
News18 Hindi·
BusinessHong Kong stocks declined as rising oil prices, weak economic data, and selling pressure on major technology and biotechnology shares impacted market sentiment. The Hang Seng index fell by 0.5%, with tech stocks dropping 0.9%. Weak PMI, subdued consumer demand, and mixed industrial data contributed to caution despite optimism from China’s policy support.
ET Markets·
PoliticsIndia's food and farming policy typically becomes active only during crises such as monsoon failures, conflicts, or commodity market swings, then quiets down afterward. For example, when the Strait of Hormuz closed in February, urea prices surged, prompting the Cabinet to approve a new investment policy to boost gas-based urea production after 14 years. This pattern shows policy attention spikes during emergencies but lacks sustained focus.
Deccan Herald·
BusinessPineapple leaves left after harvesting are no longer waste but a source of income. Natural fibers extracted from these leaves are used to produce Pina fabric, vegan leather, bags, shoes, ropes, and eco-friendly packaging. This innovation provides farmers with extra income while promoting sustainable fashion and environmental protection.
News18 Hindi·
Mint Markets·
On 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.
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