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Business

Sumeet Bagadia Recommends Stocks Amid RBI Rate Hike Impact

Following the RBI's 25 basis points rate hike and shift to calibrated tightening, Indian stock markets opened sharply lower with Nifty 50 closing at 22,603 and Sensex at 72,638. PSU Banks and Media sectors gained, while Metal, Realty, Auto, and IT lagged. Sumeet Bagadia of Choice Broking suggests caution but notes some momentum stabilization with RSI at 33.13. Recommended stocks include Jyothy Labs, Chalet Hotels, Orkla India, Union Bank, and PNB Housing Finance.

Mint Markets·

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Politics

Jharkhand CM Hemant Soren’s mother Roopi Soren passes away

Roopi Soren, mother of Jharkhand Chief Minister Hemant Soren, died after a prolonged illness at a private hospital in Ranchi. She was admitted on September 18, 2026, due to breathing difficulties and later put on ventilator support. Hemant Soren shared the news on social media, expressing his grief. Roopi was married to former CM Shibu Soren. Opposition leader Babulal Marandi also expressed condolences.

The Hindu··Ranchi

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Technology

US Man Sentenced for Using Bots to Out-Stream Taylor Swift

Michael Smith, 54, was sentenced to 18 months in prison for running a scheme that used up to 10,000 bot accounts to fraudulently stream AI-generated songs on platforms like YouTube Music, Amazon Music, Apple Music, and Spotify. The scheme, active from 2017 to 2024, defrauded music streaming services and musicians of royalty payments. Smith pleaded guilty to conspiracy to commit wire fraud and was ordered to forfeit over $8 million.

NDTV·

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Business

IMF Warns AI, Energy Costs, Debt Pose Global Economic Risks

IMF chief Kristalina Georgieva warned that while AI drives economic growth, it also adds strain amid soaring energy costs and record public debt. Speaking in Singapore, she urged policymakers to address tough debt decisions. AI investment could boost global growth by 0.5% annually, equivalent to adding an economy the size of ASEAN, but challenges remain due to the Gulf war's energy shock and high borrowing.

NDTV Business··Singapore

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Health

WHO Unable to Fully Assess Russia Plague Death Reports

WHO chief Tedros Adhanom Ghebreyesus said the organization cannot conduct a full risk assessment on the suspected plague death of a laboratory technician in Russia due to incomplete information. The 28-year-old woman died in Irkutsk, Siberia. WHO, the US, and the EU have urged Moscow to provide timely and transparent data to clarify conflicting reports and assess public health risks accurately.

News18 World··Irkutsk

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Politics

Prakash Raj Criticizes SIR Process, Appeals Youth to Unite

Actor Prakash Raj criticized the 'SIR' process and urged youth to gather at Freedom Park in Bengaluru to protest against it. The protest is led by Abhijeet Deepak of the Cockroach Janata Party and supported by film personalities. Prakash Raj described the issue as not just about votes but about the existence of every citizen in the country.

News18Hi Entertainment··Bengaluru

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