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BusinessTokyo Financial Exchange will introduce a futures contract linked to the Bank of Japan’s overnight call rate to help investors manage rising interest-rate volatility. This launch responds to market expectations of further BOJ rate hikes, with the current policy rate at 1.25%. The move reflects Japan’s shift from ultra-loose monetary policy and growing demand for rate hedging.
ET Markets··Tokyo
PoliticsChief Election Commissioner Gyanesh Kumar's Z+ security has been enhanced following protests by the Opposition INDIA bloc against the SIR electoral roll revision. Demonstrations occurred near his Delhi residence and his family home in Agra, leading to a new threat assessment and increased protection measures.
Mint·
EntertainmentVeteran actor Nana Patekar passed away at 75 due to cardiac arrest, prompting tributes from the film industry and politicians. Anupam Kher, currently in Washington, DC, shared an emotional video recalling fond memories with Nana, expressing grief and tears. He described Nana as larger than life with a big heart and said the news was especially painful being far from India.
HT Entertainment··Washington
TechnologyAt India Mobile Congress in New Delhi, Reliance Jio Chairman Akash Ambani outlined the company's unique strategy to support India's growing internet and digital services usage. He emphasized the need for India to develop its own technology infrastructure, termed the 'Indigenous Technology Stack,' to meet the country's specific needs beyond just providing fast networks.
News18Hi Business··New Delhi
ScienceMargaret Hamilton, an American scientist and computing pioneer who led the development of the computer system for NASA's Apollo lunar program, died at age 90 on September 30. She taught at MIT from 1959 to the mid-1970s. Olivier de Weck of MIT praised her as a trailblazer in software engineering, leading a team to create one of humanity's most complex systems during the Apollo missions.
Hindu Science·
PoliticsChrista Pike, the first person believed to survive lethal injection during an execution, woke up after six days on life support following a botched execution attempt in Tennessee. Her first words were "Where am I?" and "Who are you?" Her lawyer described her as angry and confused. Pike was sentenced to death for the 1995 murder of Colleen Slemmer and faces a long recovery, unable to move her arms.
HT World·
ET Markets··Tokyo
Tokyo Financial Exchange will introduce a futures contract linked to the Bank of Japan’s overnight call rate to help investors manage rising interest-rate volatility. This launch responds to market expectations of further BOJ rate hikes, with the current policy rate at 1.25%. The move reflects Japan’s shift from ultra-loose monetary policy and growing demand for rate hedging.
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