Morning news
03/10/2026
*Financial News*
Source: Leading newspapers
*Compiled by Rudra Shares*
Vande Mataram
Saturday, 03 October 2026
*Commodities*
• Silver- spot: Rs 221443
• Gold spot: Rs 147770
• ‘G7 to release up to 100 millions of barrels of diesel, crude
*Banking & Financial Services*
• Anup Bagchi's big test at HDFC Bank is winning back investor trust
• India's forex reserves fall $18.3 bn as RBI steps in to defend Rupee
• Sebi penalises SMC Global for compliance lapses
• ICICI Life Insurance appoints Sidharatha Mishra as MD and CEO
*IPO & Capital Markets*
• Jio Platforms IPO likely to open this month; foreign investor feedback positive: Sources
• ‘Market pain deepens, brokerages flag FII selling, crude, global yields as key risks
*Corporate & Business*
• Hindalco drops plan to buy US' AluChem over extended delays
• L&T in talks to sell minority stake in clean energy arm to Japan's Itochu; eyes Kandla as green ammonia export hub
• Tata Sons boardgame likely to spur promoter relook at the charters
• ₹2.6 trn projects completed, being executed in Maha: Pranav Adani
• Anant Ambani announces Rs 1 lakh crore Reliance investment in Andhra Pradesh, backs tech-led farming
• ‘Anthropic warns government attitudes may hurt customer ties
*Oil & Energy*
• India's crude imports hit 2026 high in September as Gulf supplies surge despite Hormuz risks
• Govt proposes tougher penalties for petroleum offences, decriminalises licence breaches
*Healthcare & Pharmaceuticals*
• New launches, chronic portfolio to maintain growth for Zydus Lifesciences
• ‘Tukaram Mundhe-led Maharashtra FDA cancels Cipla warehouse licences over violations
*Industry & Metals*
• Steel sector eyes stronger quarters as demand and realisations improve
• ‘Shyam Metalics signs deal to invest over $5 billion in Maharashtra
*Market & Economy*
• Govt absorbing up to Rs 2,700 per urea bag as global costs rise to Rs 3,000: Nirmala Sitharaman
• PMEGP may get 5-year extension till 2030-31 with Rs 15,000 crore outlay; govt weighs easier norms
• India extends RoDTEP export support till Dec 2026; raises insurance cover to 95% amid West Asia disruption
• Bonded warehouses may face 24-hour discrepancy reporting, five-year digital records under proposed customs overhaul
• ‘Gaming’s GST gamble gets a twist: Rs 16,000 cr demands shrink, directors escape personal penalties
• Mumbai airport to cut 265 weekly international flights from October 25 amid T1 redevelopment
*Politics & Government*
• 'Ex-minister, former hockey captain Pragat Singh named new Punjab PCC chief
• 16 states await SSR, Hegde case, Attorney General opinion at centre of ECI rift
• Fresh protest at Jantar Mantar on October 10 if CEC Gyanesh Kumar does not resign: CJP leader Dipke
Jai Hind
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- 1) Offering fixed/guaranteed/regular returns/ capital protection schemes in stock markets whether written or oral is not allowed. Any of our representative or Authorised Person (AP) cannot offer fixed/guaranteed returns.
- 2) Any representative cannot enter into loan agreements to pay interest on funds/securities.
- 3) Do not fall prey to emails, SMSs, or videos promising high returns.
- 4) Trading in derivatives involves high risk.
- 5) Dealing in cash is prohibited.
- 6) Do not share login ID, password, OTP, TPIN.
- 7) Fill KYC details yourself and keep copies.
- 8) Ensure trades are executed as per your instructions.
- 9) Keep mobile/email updated and verify trade messages.
- 10) Verify bank details before transferring funds.
- 11) Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day issued in the interest of investors.
- 12) KYC is a one-time exercise while dealing in securities markets - once KYC is done through a SEBIregistered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
- 13) No need to issue cheques by investors while subscribing to an IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for a refund, as the money remains in the investor's account.