*Financial News*
Source: Leading Newspapers
*Compiled by Rudra Shares*
Vande Mataram
Friday, 09 October 2026

*Commodities*
• Silver – Spot: Rs 217564
• Gold – Spot: Rs 147017
• Brent crude extends gains by 5% to trade above $105 a barrel.

*IPO & Capital Markets**l
• HD Fire Protect IPO GMP at 30% ahead of October 13 issue opening.
• Vaibhav Vyapaar IPO to hit Dalal Street on October 13; price band fixed at Rs 50–52.
• Nifty 50 sinks to a 52-week low; Sensex erases Rs 10 lakh crore in wealth as bears attack D-Street.
• GQG sells Rs 24,400 crore worth of Indian stocks in 2026; ITC, Adani among key exits.
• FIIs net sell Rs 12,944 crore in equities, while DIIs net buy shares worth Rs 10,703 crore on October 8.
• Jane Street alleges SEBI report was prepared after an ex-parte order to bolster its case; SEBI calls plea a ‘fishing enquiry’.
• Ashish Gupta, former Axis AMC CIO, joins ValueQuest as Senior Managing Director.
• NPCI likely to announce UPI MDR postponement  after Steering Committee meeting.

*Banking & Financial Services*
• Citi helps Indian companies raise nearly $16 billion so far in 2026.
• RBI to conduct a Rs 1.5 lakh crore, 10-day VRRR auction to absorb excess surplus liquidity.

*Market & Economy*
• GST overhaul: Export status for contract manufacturing to boost supply-chain shifts to India.
• GST reforms: 38,700 exporters to get faster refunds and wider access to input tax credits.
• GST reforms: No tax on toll collection by highway concessionaires; road maintenance tax liability clarified.
• GST reforms: Refunds and wider ITC mark the third phase of reform as India targets global supply chains, says PwC’s Pratik Jain.
• Finance Minister announces major GST reforms: Arrest powers to go, faster refunds and higher prosecution threshold.
• E-commerce deliveries via all modes of transport to attract 5% GST, government sources clarify.
• GST Council proposes curbs on interception of goods in transit to ensure smoother movement of trucks.
• Not just Nifty, but global markets also hit by crude oil surge, higher yields and inflation concerns; South Korea leads the sell-off.

*Corporate*
• Income Tax Department moves appellate tribunal against Rs 32.66 crore tax relief to Dr Lal PathLabs.
• FSSAI pulls up Dr Reddy's and Nestle Health Science over Celevida claims.
• Reliance could be a cheaper way to own Jio after the telecom unit's listing.
• Brigade Group to invest Rs 40,000 crore in real estate and hospitality projects.
• NTPC arm to soon start commercial operations of 500 MWh BESS capacity: CEO.
• TCS onboards 10,000 freshers in Q2 FY27; plans to hire on demand.

*Politics & Government*
• Yumnam Khemchand Singh calls on Amit Shah and apprises him of measures taken by the Manipur government to restore peace.
• Bengal bypolls: Nandigram and Rejinagar results to indicate the political mood after BJP's rise to power.
• Karnataka: Kumaraswamy challenges Shivakumar to probe the sting operation.
• Mamata Banerjee likely to protest against CEC Gyanesh Kumar at Jantar Mantar on October 10.
• Rahul Gandhi reacts as Elon Musk escalates criticism of India's telecom rules
• Supreme Court sets aside polls in 50 Punjab municipal wards and orders fresh elections after a panel finds obstruction in nominations.
• Protest in Bengaluru against SIR; protesters demand CEC Gyanesh Kumar's resignation and a return to paper ballots.

*Global Markets & Technology*
• US bars Microsoft, Infosys, TCS, Wipro and Cognizant from the green card programme over alleged ‘H-1B abuse’.

*Jai Hind*
*Rudra Hai to Mudra Hai*
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