11:11 | BSE hits Nifty 50, Trump renames AI as Super Intelligence, CAFE-3 norms notified and more

DAY AHEAD IN DATA WATCH

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• France Inflation Rate Data


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• Germany, 10-Year Bund Auction
  
  

• Trump signs order renaming AI ‘Super Intelligence’; tech giants sign White House safety accord

US President Donald Trump on Tuesday, September 29, signed an executive order renaming artificial intelligence as “Super Intelligence” while unveiling a voluntary White House accord with major technology companies aimed at strengthening safety controls around frontier AI models.

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• BSE shares to start trading on the Nifty 50 today; MTF positions above ₹3,000 crore

Shares of the Bombay Stock Exchange (BSE) Ltd. will begin trading on the Nifty 50 index from Wednesday, September 30, as part of the bi-annual index rebalancing exercise. This will be the first time in nearly a decade

of the exchange going public, that it will become a part of the country's benchmark index.

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• Swastika Infra IPO listing: Shares to debut on September 30; check GMP, subscription

The issue received bids for 4,81,50,288 shares against 63,35,001 shares on offer. The non-institutional investor (NII) portion was subscribed 18.50 times, while the retail category received 5.39 times subscription. The qualified institutional buyers (QIBs) portion was subscribed 3.22 times.

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• Stocks to Buy: A new listing has become Jefferies' latest 'high-conviction top pick'; Check upside targets

Global investment bank Jefferies has initiated coverage on recently listed Molbio Diagnostics Ltd. with a "buy" rating, calling it a "high-conviction top pick". In its note on Wednesday, September 30, Jefferies ascribed a price target of ₹1,600 for Molbio Diagnostics, which implied an upside potential of 27% from current levels.

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• CAFE-3 norms notified: Electric vehicles get 3x credit, no separate small-car benefit

India has notified the Corporate Average Fuel Economy (CAFE-3) norms, setting new fuel-efficiency and CO2 requirements for passenger vehicles from April 1, 2027, to March 31, 2032. The rules apply to M1-category vehicles, which broadly cover passenger cars such as hatchbacks, sedans, SUVs and MPVs, with up to eight passenger seats apart from the driver.

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• SpaceX is poised for a big comeback after recent struggles, says TD Cowen

Investors should scoop up shares of SpaceX as growth in the artificial intelligence and space industries will drive gains, according to TD Cowen. Recently, Elon Musk's company launched its giant Starship on its first orbital test flight, targeting six laps around Earth over nearly 10 hours. The mission carries 26 Starlink satellites.

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• West Asia crude oil flows hit 98% of pre-war level despite escalation, JPMorgan says

Shipments of crude oil have rebounded to 17.5 million barrels a day, or 98% of pre-war levels, while flows of products such as diesel and gasoline were at 3 million barrels a day, or 58%, according to JPMorgan. The overall figure was 89% of 2025 levels, measured by the 10-day average over the past five days, the analysts said.

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• Apple Pay launches in India: Which cards work and why UPI does not

Apple has launched Apple Pay in India, with Axis Bank as its first banking partner. India, the world's most populous country, was one of the few major economies without the service. The launch comes more than a decade after Apple Pay debuted in the US in 2014, following years of rumours and regulatory hurdles.

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• Disney to layoff over 300 employees in second round since CEO D'Amaro assumed role

Disney is to lay off around 300 employees in its latest round of job cuts since the company's chief executive officer (CEO) Josh D'Amaro assumed role earlier this year. The incident was first reported by American entertainment news outlet Deadline. The job cuts would primarily be made in human resources and technology departments.

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• Coverfox founder, brokers raise concerns over IRDAI insurance distribution overhaul

Coverfox founder and managing director Sanjib Jha has questioned the Insurance Regulatory and Development Authority of India’s proposed changes to insurance distribution, arguing that lower commissions could hit the networks that take insurance to borrowers and customers outside India’s larger cities.

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• PB Fintech share price target cut 53% by Bernstein, says next 18 months a 'do-or-die' for co

Just days after projecting a 91% upside for shares of PB Fintech Ltd., brokerage firm Bernstein has cut its price target on the stock by 53% in its latest note on Wednesday, September 30. Bernstein maintained its "outperform" rating on PB Fintech, but sharply cut its price target to ₹1,085 per share from ₹2,310 earlier.

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