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BusinessOn October 7, the Reserve Bank of India raised the repo rate by 25 basis points to 5.50%, following global central banks like the US Federal Reserve. The Monetary Policy Committee adopted a 'calibrated tightening' stance, ruling out near-term rate cuts. RBI Governor Sanjay Malhotra indicated future policy moves could be hikes or pauses. Bond yields rose to 7.24%, while stock markets fell.
Mint Markets·
TechnologyShubham Kumar, a 19-year-old student from Dighwara, Bihar, has entered the International Book of Records by reaching Level 22,222 in Candy Crush Saga on July 5, 2026. Recognized as the highest level achieved by a teenager, Kumar studies at Government Engineering College, Siwan. Bihar's Department of Science, Technology and Technical Education has also acknowledged his feat.
NDTV Business··Dighwara
PoliticsThe National Investigation Agency (NIA) stated that Sachin Waze deliberately placed an explosives-laden SUV outside Mukesh Ambani's residence, Antilia, as part of a conspiracy. The NIA further said Waze aimed to portray himself as a 'super cop' through this act. This revelation is part of the ongoing investigation into the Antilia bomb scare incident.
Amar Ujala··Mumbai
BusinessReserve Bank of India Governor Sanjay Malhotra stated that a small 0.4% Merchant Discount Rate (MDR) on certain high-value UPI transactions is unlikely to significantly reduce transaction volumes. This fee marks a shift from UPI's zero-MDR policy but aims to sustain the payment ecosystem while maintaining low user charges. UPI remains India's leading digital payment platform with billions of monthly transactions.
Firstpost Business·
BusinessBrookfield, a global investment firm, has acquired a 100% stake in ESR India's industrial and logistics real estate portfolio for ₹4,300 crore ($450 million). The portfolio covers 10.5 million square feet across six metro clusters including Mumbai, Pune, Delhi-NCR, Chennai, and Kolkata. It features eight Grade A parks and is 98% leased, with ESR continuing property management in the near term.
Business Standard·
BusinessVaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, recommends buying Balrampur Chini, Bluestone, and Kotak Bank stocks amid market volatility. Following the RBI's 25 basis points rate hike and shift to 'calibrated tightening,' key indices fell with Nifty 50 closing at 22,603. PSU Banks and Media gained, while Metal, Realty, Auto, and IT sectors lagged. Nifty trades in a range of 22,000 to 23,000, indicating cautious market sentiment.
Mint Markets·
Mint Markets·
On October 7, the Reserve Bank of India raised the repo rate by 25 basis points to 5.50%, following global central banks like the US Federal Reserve. The Monetary Policy Committee adopted a 'calibrated tightening' stance, ruling out near-term rate cuts. RBI Governor Sanjay Malhotra indicated future policy moves could be hikes or pauses. Bond yields rose to 7.24%, while stock markets fell.
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