Jaishankar draws India’s ‘red lines’ for the US, gold near record highs, services growth slows, and more

US Government shutdown enters sixth day as Republicans, Democrats remain at impasse

Republican and Democratic lawmakers are at an impasse on reopening the federal government. This is the case even as the government shutdown

enters its sixth day, with President Donald Trump saying that layoffs are occurring. Asked on Sunday night when federal workers would be fired as he has threatened to do, Trump told reporters: “It's taking place right now and it's all because of the Democrats.”

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India-US trade deal: White House must respect India's 'red lines'; issues being addressed: Jaishankar

Any trade deal between India and the US has to respect New Delhi's "red lines" and efforts are underway to find a "landing ground", External Affairs Minister S Jaishankar said on Otober 5 amid strain in ties between the two countries over Washington's policy on tariff.

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Gold prices in India near all-time highs amid global uncertainty

Gold prices in India opened the week on a strong note, with 24-karat gold trading at ₹12,077 per gram, 22-karat at ₹11,070 per gram, and 18-karat (999 gold) at ₹9,058 per gram for 10 grams, according to GoodsReturns. Globally, gold surged past the $3,900-per-ounce mark for the first time on Monday (October 6).

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Vodafone Idea shares decline up to 5% ahead of Supreme Court verdict on AGR dues plea

Shares of Vodafone Idea declined 5% on Monday, October 6, as the Supreme Court is set to give its verdict on the company's additional adjusted gross revenue (AGR) dues plea. The top court is set to give its verdict after setting new dates for the hearing twice in the past month.

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India's services growth eases in September as demand cools, PMI shows

Growth in India's services sector cooled in September due to weaker overseas orders, yet it remained strong, and optimism improved, a survey showed. The HSBC India Services Purchasing Managers' Index, compiled by S&P Global, fell to 60.9 in September from a 15-year high of 62.9 in August, lower than a preliminary estimate of 61.6.

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Poonawalla Fincorp shares surge up to 8% to new highs after Q2 AUM grows 67%

Poonawalla Fincorp shares surged by over 8% on Monday, October 6, trade on Monday after the company reported its second quarter business update. In the second quarter of the current financial year, Poonawalla Fincorp's Assets Under Management rose by 67.7% on a year-on-year basis to ₹47,625 crore.

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Avenue Supermarts shares fall after Goldman Sachs cuts price target on Q2 update

Shares of Avenue Supermarts ltd., parent company of hypermarket chain DMart, fell on Monday, September 6, in reaction to the September quarter business update it reported after market hours on Friday. DMart reported a standalone revenue growth of 15.4% during the July-September period to ₹16,218 crore, which is marginally lower than the three-year Compounded Annual Growth Rate (CAGR) of 15.8%.

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IndusInd Bank shares in focus after Q2 update bucks the otherwise strong banking trend

Shares of Mumbai-based private lender IndusInd Bank Ltd. will be in focus on Monday, October 6, as the lender would react to its business update for the September quarter, which it reported after market closing hours last Friday. IndusInd Bank's net advances declined by 8% during the September quarter to ₹3.27 lakh crore from ₹3.57 lakh crore it reported during the same quarter last year.

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Trekking suspended in Chamoli after IMD issues rain, snowfall alert

Trekking activities have been suspended in Chamoli district for the next two days amid forecasts of rain and snowfall in the high altitude areas of Uttarakhand, officials said on Sunday, October 5.

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Bihar elections: EC to announce voting and result dates at 4 pm today

The Election Commission will announce the schedule for the Bihar Assembly election on Monday (October 6). The term of the 243-member state assembly ends on November 22. Political parties have urged the poll body to hold the polls immediately after the Chhath festival, which will be celebrated at the end of October.

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Delhi government offices to remain closed on Valmiki Jayanti on Tuesday

All Delhi government offices will remain closed on October 7 on the occasion of Maharishi Valmiki Jayanti, an official statement said on Sunday. To mark the occasion, several programmes, processions and tribute meetings will be organised across the capital in which Chief Minister Rekha Gupta will take part, it said.

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