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BusinessThe Reserve Bank of India may increase the repo rate by 25 basis points in October due to rising inflation, high crude oil prices, and pressure on the rupee from a narrowing rate gap with the US. Despite these challenges, strong foreign exchange reserves and a manageable current account balance provide important economic buffers.
ET Markets·
BusinessCuba, facing a food security crisis due to escalating US sanctions, has offered land to Indian firms to co-produce rice, beans, and sugarcane. Ambassador Juan Carlos Marsán Aguilera highlighted this initiative as part of Cuba's efforts to enhance energy self-sufficiency and strengthen trade relations with India amid the ongoing blockade.
Mint·
SportsWest Indies coach Daren Sammy praised captain Shai Hope for his outstanding leadership and performance in the final ODI against India at the Maharaja Yadavindra Singh International Cricket Stadium, New Chandigarh. Hope opened the innings and remained unbeaten with 162 runs, carrying the team to victory despite opener Jewel Andrews' injury. Sammy highlighted Hope's endurance, fielding for over 98 overs and leading by example.
Hindu Sport··New Chandigarh
EntertainmentSalman Khan's upcoming war drama Maatrubhumi, directed by Apoorva Lakhia and starring Chitrangda Singh, is set to be reviewed by the CBFC this week. The film, previously titled Battle of Galwan, faced delays due to title changes and reshoots after objections to its anti-China stance. A release is expected this year, possibly during Diwali or Christmas. The government has not halted the film.
HT Entertainment·
EntertainmentKannada actor Rachita Ram, known as the Dimple Queen, celebrated her birthday on October 3 and met fans outside her Bengaluru home. During a selfie, a male fan unexpectedly pulled her cheek, leaving her surprised. Despite this, she continued smiling and interacting with fans. The viral video sparked debate on social media about respecting celebrity boundaries, with many praising her calm response.
HT Entertainment··Bengaluru
BusinessNobel laureate Michael Spence praised India's rapid economic growth and advancements in digital infrastructure, especially digital financial services like UPI. He also noted the importance of AI in shaping economic development over the next decade. However, Spence warned of potential economic shocks due to rising debt levels and high market valuations in India and China.
Economic Times·
ET Markets·
The Reserve Bank of India may increase the repo rate by 25 basis points in October due to rising inflation, high crude oil prices, and pressure on the rupee from a narrowing rate gap with the US. Despite these challenges, strong foreign exchange reserves and a manageable current account balance provide important economic buffers.
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