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Business

Sensex Falls 500 Points Ahead of RBI Policy Decision

On 7 October, the Indian stock market saw significant losses with the Sensex dropping nearly 500 points (0.65%) to 72,591 and the Nifty 50 falling 0.80% to 22,600. Key stocks like HDFC Bank, Titan, ICICI Bank, Reliance, and Axis Bank led the decline. The selloff was driven by caution ahead of the RBI's expected 25 basis point repo rate hike and rising crude oil prices above $102 per barrel following attacks on Saudi Arabia by Yemen's Houthis.

Mint Markets·

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Sports

Gulveer Singh Wins Three Medals Including 1500m Silver at Asian Games

Gulveer 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

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Technology

US Company Supplies 4 F404 Engines for India's Tejas Fighter Jet

The 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·

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Business

Hong Kong Stocks Fall on Rising Oil and Weak Tech Shares

Hong 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·

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Politics

India's Food Policy Reacts Only During Crises, Then Falls Silent

India'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·

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Business

Pineapple Leaves Used to Make Fabric, Leather, and Eco Products

Pineapple 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·

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