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Globally, all eyes are on the high-stakes Trump-Xi talks in Busan ahead of the tariff truce deadline, with Trump reaffirming plans for a trade deal with India. The outcome of the US Federal Reserve’s policy meeting, where a rate cut is widely expected, is also being closely watched by global investors.
Back home, L&T’s Q2 results missed Street estimates despite strong order inflows, while Vedanta’s demerger hit another delay after the reconstitution of the NCLT bench. India also granted the first approvals to three domestic companies to import China’s rare earth magnets—a key step in boosting manufacturing self-reliance.
In a remarkable milestone, NVIDIA became the world’s first $5 trillion company—surpassing India’s GDP. And Cyclone Montha wreaked havoc across Andhra Pradesh, damaging crops and displacing thousands.
Nifty closes above 26,050, Midcap Index hits 1-year high
The stock market ended higher on Wednesday, led by gains in metal, financial, and select Adani Group stocks, while asset management companies slipped after the market regulator proposed cuts in fees and expense ratios.
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SEBI’s new mutual fund fee proposal: What it means for investors
SEBI has proposed major changes to the expense ratios charged by mutual funds — a move aimed at reducing costs for investors and improving transparency. Since expense ratios are deducted from a scheme’s Net Asset Value (NAV), any reduction directly supports long-term returns.
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'Have great respect for PM Modi, going to do a trade deal with India,' says Trump at APEC Summit
United States President Donald Trump said he has "great respect" for Prime Minister Narendra Modi, and a trade deal between the US and India is going to happen soon.
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Xi-Trump set for high-stakes talks in Busan as tariff truce nears expiry
All eyes are on the high-stakes meeting between US President Donald Trump and Chinese President Xi Jinping in South Korea's port city Busan on Thursday (October 30) where leaders of the world's two largest economies are expected to smooth over months of trade tensions.
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US Fed Meeting LIVE Updates: All eyes on Jerome Powell as FOMC set to announce its rate cut decision tonight
The US Federal Reserve concludes its two-day monetary policy meeting today (October 29), with markets widely expecting a 25 basis point interest rate cut, which would bring the policy rate to the 3.75%–4.00% range. The S&P 500 has rallied over 5% in the last two-and-a-half weeks, buoyed by expectations of a rate cut that would inject more liquidity into the system. However, the decision comes amid a stark policy divide within the Fed.
Catch the LIVE coverage here
Three Indian companies get first nod to import China's rare earth magnets
Three Indian companies have received the first set of licenses to import China's tightly-controlled rare earth magnets on certain conditions, industry sources told CNBC-TV18. Continental India, Hitachi, Jay Ushin are three Indian companies that got the first nod to access rare earth magnets. They are also major suppliers to automakers like Maruti.
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Vedanta demerger suffers another delay; Here's why the stock fell after the initial spike
The much awaited demerger of Anil Agarwal-owned mining conglomerate Vedanta Ltd. has suffered yet another delay. The National Company Law Tribunal (NCLT) bench that was hearing the demerger case, has now been reconstituted. This newly reconstituted bench will now hear Vedanta's plea and the government's objections to the demerger scheme of arrangement all over again.
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L&T Q2 falls short of estimates; net profit up 16%, order inflows surge 45%
Infrastructure major Larsen & Toubro Ltd (L&T) on Wednesday (October 29) reported a 15.6% year-on-year increase in consolidated net profit at ₹3,926 crore for the quarter ended September 30, 2025, compared to ₹3,395 crore in the same quarter last year. The figure was slightly below the CNBC-TV18 poll estimate of ₹3,990 crore.
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NVIDIA becomes world’s first $5 trillion company, now bigger than the entire Indian economy
NVIDIA Corporation has made history as the first company ever to reach a $5 trillion market capitalization, a valuation now larger than India’s entire GDP, which stands at around $4.2 trillion. The semiconductor giant’s shares surged more than 4% as US markets opened on Wednesday, crossing the milestone with a market value of $5.05 trillion.
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Cyclone Montha destroys over 1 lakh hectares of crops: One dead, thousands displaced in Andhra
Cyclone Montha on Tuesday made landfall over the coastal districts of Andhra Pradesh, bringing heavy rains and strong winds. A woman died in the Konaseema district after a tree fell on her house. Thousands of people were displaced as flooded roads and uprooted trees disrupted life across southern Andhra and parts of neighbouring Odisha.
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