India-Russia trade to deepen, S&P Global pegs US recession risk at 30% and more

Putin promises to buy more agri, pharma products from India

Russian President Vladimir Putin said the country is looking forward to buying more agricultural products, medicinal products, and pharmaceuticals

from India amidst pressure from US President Donald Trump on New Delhi to stop oil imports from Moscow.

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There's a 30% chance of US recession: S&P Global

The probability of a US recession beginning in the next 12 months has declined to below 30%, down from a peak of 35% earlier in the year, said Satyam Panday, Chief US and Canada Economist at S&P Global Ratings. He also projects that the Federal Reserve will implement two more 25-basis-point rate cuts this year, one in October and another in December.

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Putin praises Trump but warns supplies of US long-range missile to Ukraine will hurt ties

Russian President Vladimir Putin warned the United States that supplies of long-range missiles to Ukraine will seriously damage relations between Moscow and Washington but will not change the situation on the battlefield, where the Russian army is making slow but steady advances.

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FOMO builds as Alibaba extends $250 billion AI-fueled comeback

Fund managers see potential for Alibaba Group Holding Ltd. to extend the $250 billion stock rally this year that’s made it China’s hottest artificial intelligence trade. Its US-listed shares have more than doubled as investors buy into Beijing’s vision for self-reliance in the new tech landscape.

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TruAlt Bioenergy shares list at 10% premium to issue price

Shares of TruAlt Bioenergy Ltd. made their stock market debut on Friday, October 3, after its three-day Initial Public Offering had received a strong response. The stock began trading at ₹545.4 per share, which is a 10% premium in comparison to its issue price of ₹496.

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Sonam Wangchuk's wife moves Supreme Court seeking his release

Climate activist Sonam Wangchuk's wife Gitanjali Angmo has moved the Supreme Court to seek his release. On September 26, Wangchuk was detained under the National Security Act after protests demanding statehood and Sixth Schedule status for Ladakh claimed four lives and 90 others were injured. He is lodged in Jodhpur jail in Rajasthan.

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V-Mart Retail shares gain up to 10% in reaction to Q2 business update

Shares of V-Mart Retail Ltd. gained over 10% on Friday, October 3, after the company reported its second quarter business update after market hours on Wednesday. V-Mart Retail said its total revenue from operations increased by 22% in the September quarter to ₹807 crore from ₹661 crore in the year-ago period.

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Sammaan Capital shares fall 5% after six-day winning run on IHC deal; Stock in F&O ban

Shares of Sammaan Capital Ltd., which have gained as much as 25% in the last six trading sessions, fell over 5% in early trading on Friday, October 3, in reaction to the IHC deal news. IHC will be investing ₹8,850 crore or nearly $1 billion, through its affiliate Avenir Investment RSC Ltd., marking its foray into the financial services sector in India.

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PTC Industries shares gain as much as 9% after major contract; Goldman Sachs bullish

Shares of PTC Industries Ltd. gained as much as 9% on Friday, October 3, led by two important triggers. The company said that its arm Trac Precision Solutions will partner with Coolbrook to supply critical machined and cast components for its rotodynamic heater (RDH).

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How zero balance accounts may soon get more benefits and fewer restrictions

The Reserve Bank of India (RBI) has proposed changes to how banks offer and manage Basic Savings Bank Deposit (BSBD) accounts, signalling a shift towards wider access, better digital services and stronger customer protection.

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Rains likely in parts of UP, Bihar; showers predicted in Delhi-NCR

Mumbai residents woke up to a bright and sunny sky after several days of heavy rain but the India Meteorological Department (IMD) has forecast light to moderate rain with gusty winds of 30 to 40 km/h in certain areas across the region.

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