Pallavi Nahata

While business has been decent so far for vendors at the kandil gully, they anticipate high footfall on the weekend before Diwali.

Mittal noted that agentic and physical AI would affect roles in software engineering, customer support, coding, and call centres.

The matter relates to 34 MACT (Motor Accident Claim Tribunal) cases arising out of 29 alleged road traffic accidents, with compensation claims aggregating to approximately Rs 5 crore.

The intent of policy, nevertheless, is to continue to facilitate growth-enabling conditions, Sanjay Malhotra said.

Imports have surged sharply in September, leading to the rise in the merchandise trade deficit.

The upward revision for FY26 is attributed to a carryover from a strong first quarter, more than offsetting the increase in the effective US tariff rate on imports from India since August.

The downtick in consumer price index-based inflation, led by dwindling prices of food and core items, comes a month after inflation had edged to 2.07% in August.

Food and beverage segment logged a disinflation of 1.37% in September, as against 0.05% in August.

While the cuts are helping to boost car sales, insurance companies too are riding the wave, registering a jump in policies sold.

Resistance from transport organisations against revision in premiums has been cited as a major cause for delay.

The timing of the cut will likely depend on growth figures in H2, stated a note by SBI Caps, forecasting just one more cut of 25 basis points in the current cycle.

RBI said while the existing system is simple to administer, it does not differentiate between banks based on their soundness. Hence, the new system is proposed to be introduced.

Speaking about inflation, the RBI Governor said that there is a considerable moderation in the headline reading and added that the growth-inflation narrative has altered since August.

The decision is part of the RBI's revamp of the liquidity framework.

On US tariffs, Moody's said it may hinder India's manufacturing ambitions, thereby affecting growth over the medium-to-long term.

Of the 37 economists polled by Bloomberg, 11 expect a status quo, while the rest expect a 25 basis point cut. The repo rate is currently at 5.5%.

Coupled with income tax relief for households and employment augmenting measures, the stage is set for a sustained pick-up in consumption, according to the RBI.

The government has clarified that premiums for individual life and health insurance policies will be exempt from the GST.

The household would have saved 10% on the items that GST has been revised on, if these items were now ordered over the course of the next one month.

The HSBC India Manufacturing PMI eased to 58.5 from 59.3 in August, while the Services PMI slipped to 61.6 from 62.9.