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India’s growth outlook remains resilient. The IMF has raised its FY27 growth forecast to 7%, citing strong domestic demand and services activity, while warning that the conflict, higher oil prices and a broader global slowdown pose risks to the world economy.
The war remains a key driver for energy markets. US President Donald Trump says he does not believe China or Russia is helping Iran, arguing that both countries have too much to lose. Meanwhile, Matrix Global CEO Richard Radoglia expects crude prices to remain elevated as shipping costs, refinery disruptions and shortages of refined products, particularly diesel, keep pressure on the market.
Markets are seeing sharp moves. The rupee jumped 60 paise to open at ₹95.17 against the dollar after the RBI announced fresh measures to curb dollar demand.
HCLTech shares rallied after its Q2 results beat expectations on margins and the company raised the lower end of its FY27 revenue growth guidance. Gold and silver, however, slipped as a firm dollar and uncertainty over US interest rates weighed on bullion.
On the domestic political front, Rahul Gandhi is hosting INDIA bloc MPs, civil society members and student organisations for a high tea, with a joint press conference also planned. Meanwhile, CJP leaders Saurav Das and Ashutosh Ranka were detained by Delhi Police after attempting to enter Jantar Mantar.
Trump does not believe China, Russia are helping Iran in war
US President Donald Trump said late on Monday (October 12) that he did not believe China and Russia were helping Iran “at all”, adding that Moscow and Beijing had “too much to lose” if they enabled Tehran.
“If they are, it’s at a very low level, but I don’t believe they are at all. They have too much to lose, and we would know about it, and know about it very fast,” Trump wrote.
More Here
Crude oil outlook: War premium, refinery disruptions keep prices elevated, says Matrix Global CEO
Crude oil prices are likely to remain elevated as the Saudi-Houthi conflict, rising shipping costs, and refinery disruptions continue to weigh on the global energy market, Richard Radoglia, CEO of Matrix Global, said.
Despite signs that crude oil flows through the Persian Gulf are recovering, the market is facing a shortage of refined products, particularly diesel, alongside higher insurance premiums for cargoes travelling through the region.
More Here
IMF raises India’s FY27 growth forecast to 7%, warns of global slowdown amid West Asia conflict
The International Monetary Fund (IMF) has raised its forecast for India’s economic growth in FY27 by 0.6 percentage point from its July 2026 World Economic Outlook Update to 7%, with resilient domestic demand and strong services activity supporting the economy despite higher oil prices.
The IMF has also raised its India growth forecast for FY28 by 0.3 percentage point from July to 7%. On a calendar-year basis, it projects India’s economy to grow 7.4% in 2026 and 7% in 2027.
“India stands out with upward revisions, reflecting sustained momentum and growing evidence of stronger growth potential supported by favorable demographic dynamics, a large and expanding domestic market, and continued structural reforms,” the IMF noted in its report.
More Here
HCLTech shares jump 5% on EPS upgrades after Q2 results, boosts other IT stocks as well
Shares of HCLTech Ltd. gained as much as 4% on Tuesday, October 13, in response to its September quarter results, which were a beat on the margins front, and also resulted in the company raising the lower end of its constant currency revenue growth guidance to 2.5% from 1% earlier.
HCLTech now expects revenue growth to be between 2.5% to 4% in financial year 2027 on a constant currency basis, compared to the earlier projection of 1% to 4%.
More Here
Mitessh Thakkar bets on PNB Housing, DRL and RBL Bank; sees downside in Swiggy
Mitessh Thakkar, President – Retail Research at Bonanza Portfolio, has recommended long positions in PNB Housing Finance, Dr Reddy's Laboratories (DRL), and RBL Bank, while maintaining a bearish view on Swiggy for the short term.
More Here
Rupee jumps 60 paise to 95.17 against dollar: RBI’s latest measures explained
The Indian rupee appreciated 60 paise to open at 95.17 against the US dollar on Tuesday (October 13), compared with Monday’s (October 12's) close of 95.77, after the Reserve Bank of India (RBI) announced additional measures to curb dollar demand and ease pressure on the domestic currency.
The sharp opening gain follows a series of steps by the central bank to restrict certain foreign-exchange transactions and tighten rules governing derivatives linked to the rupee.
More Here
COMEX gold, silver prices fall in early trade: Here's why
Gold and silver prices fell in international markets on Tuesday, October 13, as a firm US dollar and uncertainty over the Federal Reserve’s interest-rate outlook weighed on precious metals ahead of US inflation data.
COMEX gold futures were trading at $4,173.70 an ounce, down $16.90, or 0.40%, from the previous close of $4,195.50 an ounce. COMEX silver futures declined $0.698, or 1.15%, to $59.815 an ounce, compared with the previous close of $60.555 an ounce.
More Here
Rahul to host high tea for INDIA bloc MPs, civil society members, student organisations on Tuesday
Leader of the Opposition in the Lok Sabha Rahul Gandhi has invited INDIA bloc MPs, civil society members and student organisations for a high tea at his residence on Tuesday, October 13, sources said.
They said a joint press conference of INDIA leaders would also take place in the afternoon followed by tea at Gandhi’s 5, Sunehri Bagh Road residence.
More Here
CJP leaders Saurav Das, Ashutosh Ranka detained after jumping gate to enter Jantar Mantar
Cockroach Janta Party (CJP) leaders Saurav Das and Ashutosh Ranka were detained by Delhi Police on Tuesday while they were trying to reach Jantar Mantar, police sources said.
In a post on X, CJP founder Abhijeet Dipke said several other team members, including Ajinkya Shinde, had also been detained.
"Cockroaches with the Tiranga sneaked into Jantar Mantar early this morning before they were picked up by Delhi Police," Dipke said.
More Here
Festive travel is getting costlier: How to plan your holiday budget
Travelling home for Navratri, Durga Puja, Diwali and Chhath is becoming more expensive for many air passengers, with some reporting flight fares more than double those paid last year.
For households planning festive visits alongside leisure trips, the higher cost of travel makes it important to account for transport, accommodation and other expenses before finalising holiday plans. Here's how to plan well and plan ahead.
More Here
India’s growth outlook remains resilient. The IMF has raised its FY27 growth forecast to 7%, citing strong domestic demand and services activity, while warning that the conflict, higher oil prices and a broader global slowdown pose risks to the world economy.
The war remains a key driver for energy markets. US President Donald Trump says he does not believe China or Russia is helping Iran, arguing that both countries have too much to lose. Meanwhile, Matrix Global CEO Richard Radoglia expects crude prices to remain elevated as shipping costs, refinery disruptions and shortages of refined products, particularly diesel, keep pressure on the market.
Markets are seeing sharp moves. The rupee jumped 60 paise to open at ₹95.17 against the dollar after the RBI announced fresh measures to curb dollar demand.
HCLTech shares rallied after its Q2 results beat expectations on margins and the company raised the lower end of its FY27 revenue growth guidance. Gold and silver, however, slipped as a firm dollar and uncertainty over US interest rates weighed on bullion.
On the domestic political front, Rahul Gandhi is hosting INDIA bloc MPs, civil society members and student organisations for a high tea, with a joint press conference also planned. Meanwhile, CJP leaders Saurav Das and Ashutosh Ranka were detained by Delhi Police after attempting to enter Jantar Mantar.
Trump does not believe China, Russia are helping Iran in war
US President Donald Trump said late on Monday (October 12) that he did not believe China and Russia were helping Iran “at all”, adding that Moscow and Beijing had “too much to lose” if they enabled Tehran.
“If they are, it’s at a very low level, but I don’t believe they are at all. They have too much to lose, and we would know about it, and know about it very fast,” Trump wrote.
More Here
Crude oil outlook: War premium, refinery disruptions keep prices elevated, says Matrix Global CEO
Crude oil prices are likely to remain elevated as the Saudi-Houthi conflict, rising shipping costs, and refinery disruptions continue to weigh on the global energy market, Richard Radoglia, CEO of Matrix Global, said.
Despite signs that crude oil flows through the Persian Gulf are recovering, the market is facing a shortage of refined products, particularly diesel, alongside higher insurance premiums for cargoes travelling through the region.
More Here
IMF raises India’s FY27 growth forecast to 7%, warns of global slowdown amid West Asia conflict
The International Monetary Fund (IMF) has raised its forecast for India’s economic growth in FY27 by 0.6 percentage point from its July 2026 World Economic Outlook Update to 7%, with resilient domestic demand and strong services activity supporting the economy despite higher oil prices.
The IMF has also raised its India growth forecast for FY28 by 0.3 percentage point from July to 7%. On a calendar-year basis, it projects India’s economy to grow 7.4% in 2026 and 7% in 2027.
“India stands out with upward revisions, reflecting sustained momentum and growing evidence of stronger growth potential supported by favorable demographic dynamics, a large and expanding domestic market, and continued structural reforms,” the IMF noted in its report.
More Here
HCLTech shares jump 5% on EPS upgrades after Q2 results, boosts other IT stocks as well
Shares of HCLTech Ltd. gained as much as 4% on Tuesday, October 13, in response to its September quarter results, which were a beat on the margins front, and also resulted in the company raising the lower end of its constant currency revenue growth guidance to 2.5% from 1% earlier.
HCLTech now expects revenue growth to be between 2.5% to 4% in financial year 2027 on a constant currency basis, compared to the earlier projection of 1% to 4%.
More Here
Mitessh Thakkar bets on PNB Housing, DRL and RBL Bank; sees downside in Swiggy
Mitessh Thakkar, President – Retail Research at Bonanza Portfolio, has recommended long positions in PNB Housing Finance, Dr Reddy's Laboratories (DRL), and RBL Bank, while maintaining a bearish view on Swiggy for the short term.
More Here
Rupee jumps 60 paise to 95.17 against dollar: RBI’s latest measures explained
The Indian rupee appreciated 60 paise to open at 95.17 against the US dollar on Tuesday (October 13), compared with Monday’s (October 12's) close of 95.77, after the Reserve Bank of India (RBI) announced additional measures to curb dollar demand and ease pressure on the domestic currency.
The sharp opening gain follows a series of steps by the central bank to restrict certain foreign-exchange transactions and tighten rules governing derivatives linked to the rupee.
More Here
COMEX gold, silver prices fall in early trade: Here's why
Gold and silver prices fell in international markets on Tuesday, October 13, as a firm US dollar and uncertainty over the Federal Reserve’s interest-rate outlook weighed on precious metals ahead of US inflation data.
COMEX gold futures were trading at $4,173.70 an ounce, down $16.90, or 0.40%, from the previous close of $4,195.50 an ounce. COMEX silver futures declined $0.698, or 1.15%, to $59.815 an ounce, compared with the previous close of $60.555 an ounce.
More Here
Rahul to host high tea for INDIA bloc MPs, civil society members, student organisations on Tuesday
Leader of the Opposition in the Lok Sabha Rahul Gandhi has invited INDIA bloc MPs, civil society members and student organisations for a high tea at his residence on Tuesday, October 13, sources said.
They said a joint press conference of INDIA leaders would also take place in the afternoon followed by tea at Gandhi’s 5, Sunehri Bagh Road residence.
More Here
CJP leaders Saurav Das, Ashutosh Ranka detained after jumping gate to enter Jantar Mantar
Cockroach Janta Party (CJP) leaders Saurav Das and Ashutosh Ranka were detained by Delhi Police on Tuesday while they were trying to reach Jantar Mantar, police sources said.
In a post on X, CJP founder Abhijeet Dipke said several other team members, including Ajinkya Shinde, had also been detained.
"Cockroaches with the Tiranga sneaked into Jantar Mantar early this morning before they were picked up by Delhi Police," Dipke said.
More Here
Festive travel is getting costlier: How to plan your holiday budget
Travelling home for Navratri, Durga Puja, Diwali and Chhath is becoming more expensive for many air passengers, with some reporting flight fares more than double those paid last year.
For households planning festive visits alongside leisure trips, the higher cost of travel makes it important to account for transport, accommodation and other expenses before finalising holiday plans. Here's how to plan well and plan ahead.
More Here
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