The Reserve Bank of India (RBI) has officially revoked the registration of Datta Finance, citing non-compliance with regulatory norms. This decisive action underscores the central bank’s commitment to safeguarding depositors’ interests and ensuring transparency in the financial sector. The cancellation impacts investors, borrowers, and stakeholders associated with the company, highlighting the importance of strict adherence to statutory requirements for non-banking financial companies (NBFCs).

The Indian rupee has recently declined against the US dollar, reflecting a combination of global and domestic economic pressures. Analysts point to stronger dollar demand, foreign capital outflows, rising crude oil prices, and geopolitical uncertainties as primary drivers of the depreciation. The weakened rupee impacts import costs, inflation, corporate earnings, and investor sentiment, particularly for sectors dependent on foreign inputs or external borrowings.

Aluminium futures have experienced a notable uptick as fresh market bets and increased investor activity drive prices higher. Analysts attribute the surge to robust demand from the manufacturing and construction sectors, coupled with supply constraints and global economic dynamics. Traders are responding to positive industrial indicators and anticipated recovery in downstream industries, prompting speculative positions in the futures market.

PepsiCo has expanded its product portfolio in India by introducing Kurkure Jowar Puffs, marking its entry into the millet-based snacking segment. This launch aligns with growing consumer demand for healthier, nutrient-rich alternatives and reflects PepsiCo’s strategic shift toward functional and wellness-oriented snacks. Made from jowar (sorghum), the product combines traditional ingredients with modern processing techniques to deliver taste, convenience, and nutritional value.

Schneider Electric, a global leader in energy management and industrial automation, has entered a strategic partnership with the Indian Space Research Organisation (ISRO) to collaborate on automation technologies. The partnership aims to leverage Schneider’s expertise in smart energy systems, industrial automation, and digital solutions to enhance ISRO’s operational efficiency and mission-critical processes.

Jaguar Land Rover (JLR) has extended the temporary suspension of production at multiple manufacturing facilities after experiencing a cybersecurity breach that disrupted operational systems. The shutdown, initially intended to be brief, reflects the severity of the attack and JLR’s commitment to ensuring the integrity and safety of its digital and operational infrastructure. The company is collaborating with cybersecurity experts and relevant authorities to restore normal operations while mitigating risks.

Indian Hotels Company Limited (IHCL), one of India’s leading hospitality groups, has announced a strategic investment of Rs. 100 crore in ELEL Hotels. The capital infusion aims to enhance operational capabilities, support brand expansion, and accelerate new property development under ELEL’s portfolio. This move reflects IHCL’s strategy to diversify its holdings, strengthen its presence in premium and mid-segment markets, and capitalize on the growing demand for leisure and business travel in India.

Tata Motors has reported a milestone of 10,000 car sales during the Navratri festival period, reflecting strong consumer demand amid festive discounts and promotional campaigns. The automaker’s diverse portfolio, including SUVs, sedans, and electric vehicles, combined with financing schemes and exchange offers, contributed to this surge. The performance underscores the resilience of India’s automotive sector, fueled by seasonal buying behavior and growing consumer confidence.

The National Stock Exchange (NSE) has announced that the annual Diwali Muhurat trading session will take place on October 21, marking the symbolic start of the new financial year as per Hindu tradition. This one-hour special trading window, held every year on Diwali, is considered an auspicious occasion for investors, with many viewing it as a ritual to bring prosperity in the year ahead. The session will allow trading across equity, derivatives, and commodity segments, offering both sentimental and strategic opportunities for market participants.

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Gold prices in Delhi surged to an all-time high of Rs. 1,16,200 per 10 grams, reflecting robust investor demand amid global uncertainties and a weaker domestic currency. The rally underscores gold’s enduring appeal as a safe-haven asset, with investors flocking to the yellow metal as a hedge against inflation, geopolitical risks, and volatile equity markets. Analysts attribute the surge to strong international prices coupled with domestic demand ahead of the festive season.