DAY AHEAD IN DATA WATCH
- United Kingdom Inflation Rate
- United Kingdom Core Output Data
- Turkey Business Confidence Data
- Indonesia Interest Rate Decision
- South Africa Inflation Data
- Russia PPI Data
- Exclusive | ‘It’s incredibly close’: Marco Rubio says US-India trade deal may be just weeks away
US Secretary of State Marco Rubio has said the proposed US-India trade deal is “incredibly close”, with negotiations down to technical details and an agreement expected in a matter of weeks rather than months. In an exclusive interview with Network18 in Mumbai, Rubio said both sides must agree on every detail.
- Jio Platforms IPO subscription kicks off today; Here’s what you need to know
The biggest IPO in Indian history is set to open for subscription today, with Jio Platforms Ltd. already having made noise with the kind of demand its anchor book has received. The ₹30,213 crore issue comfortably surpassed Hyundai Motor India’s ₹27,870 crore IPO in 2024, making it the country’s largest to date.
- Very heavy rain likely in Tamil Nadu; Kerala, Karnataka also under heavy rain watch
Very heavy rain is likely in Tamil Nadu, Puducherry and Karaikal on Wednesday, October 21, as a low-pressure area is expected to form over the southwest Bay of Bengal and adjoining Tamil Nadu coast within the next 24 hours. The IMD has forecast heavy to very heavy rainfall in the region through October 22, with heavy rain likely to continue until October 26.
- ‘Risk appetite’ for stocks is the worst since March, Goldman Sachs says
Goldman Sachs said a worsening risk appetite among investors may mean now is the time to buy stocks. Recent bearish sentiment may prove a contrarian signal to add back to equities.
- Brent remains close to $110; Oil holds gains as uncertainty prevails over West Asia conflict Oil held its gains in early Asian trade on Wednesday October 21, as traders tried to make sense of a choppy session in which conflicting headlines about efforts to end the US-Iran war pushed prices around. The global benchmark for crude oil prices, Brent traded around $109.52 a barrel.Read More
- OpenAI says its agents weakened system that flags AI misbehaviour
OpenAI found instances in which its AI agents weakened and turned off alerts for an internal monitoring system that’s meant to flag when its AI models misbehave, a disclosure that’s part of a series of similar incidents in recent months. The company said that it is assessing whether such cases are indicative that its AI models have a wider propensity to avoid being monitored.
- Trump administration says it has revoked over 300,000 visas
President Donald Trump’s administration has revoked over 300,000 US visas during his second term, the State Department said on Tuesday as the federal government continues its sweeping immigration crackdown. The number showed an acceleration in the pace of visa revocations in recent weeks.
- South Korea exports surge as AI chip demand powers growth ahead of rate decision
South Korea’s exports continued to grow at a rapid pace in the first 20 days of October, driven by strong global demand for artificial intelligence (AI), which boosted chip shipments and highlighted the economy’s resilience a day before the central bank’s interest-rate decision. Exports adjusted for the number of working days rose 65.9% year on year.
- SpaceX Q3 Results: Elon Musk-led firm blows past expectations, explores merger with Tesla
Elon Musk-led SpaceX reported its third quarter results after market closing hours on Wall Street on Tuesday, October 20 local time, which were way better than expectations across parameters. SpaceX reported revenue of $14.58 billion during the quarter, higher than estimates of $12.72 billion.
- Stellantis India targets 24-month vehicle development cycle, 12 launches planned
Stellantis India is targeting to halve vehicle development time and ramp up localisation for certain models as it prepares to launch 12 products across Citroen and Jeep brands under its FaSTLAne 2030 roadmap, MD and CEO Shailesh Hazela said.
- Maharajah INR Bonds explained: What the government’s new TDS exemption means
The government has exempted interest payments on the New Development Bank’s (NDB) Maharajah INR Bonds from tax deducted at source (TDS) for eligible holders from tax year 2026-27 onwards. The exemption, notified by the Ministry of Finance on October 19, applies to bondholders who are residents or FIIs, as defined under the Income-tax Act, 2025.