Financial Summary: Wednesday, October 8, 2025

The Reserve Bank of India is launching pilot projects for digital currency to facilitate gradual implementation.

A pilot for deposit tokenisation will start on October 8 to improve transaction efficiency in the wholesale sector.

The RBI has introduced a new credit loss framework requiring higher provisioning for unsecured loans to enhance credit risk management.

A report indicates that India has ₹3.5 lakh crore in unclaimed wealth, highlighting issues in financial literacy and asset management.

Nvidia CEO Jensen Huang announces a new partnership with OpenAI to enhance AI collaboration, highlighting the competitive landscape in AI chip technology.

UK leader Kemi Badenoch proposes a plan to revitalize the Conservative Party by focusing on economic spending control.

The World Trade Organization raises its global trade forecast for 2025, despite a challenging outlook for the upcoming year.

New Zealand's Reserve Bank cuts the policy rate to a three-year low to stimulate economic growth amid weak activity.

Sanae Takaichi's victory in Japan's leadership race raises expectations for pro-growth policies, boosting Japanese stocks.

France faces political turmoil as Prime Minister Sébastien Lecornu deals with rising debt and budget deficits.

The US pressures the EU to ease green regulations, threatening a trade deal unless American companies receive exemptions.

A witness in a China spy case trial claims the UK government has not provided evidence of a national security threat.

The U.S. government shutdown exacerbates air traffic control shortages, leading to increased flight delays nationwide.

French President Macron is expected to appoint a new Prime Minister soon, as the likelihood of a snap parliamentary election decreases.

The UK Conservative Party debates the potential scrapping of stamp duty, arguing it hinders mobility and productivity.

The rising cost of weddings is now comparable to a month's rent, leading young renters to make housing sacrifices.

A Florida man has been charged with intentionally setting the Palisades Fire in Los Angeles, resulting in multiple fatalities and extensive property damage.

Personal loans are increasingly popular for purposes like debt consolidation, home improvements, and unexpected expenses.

Gold prices soared to a record $4,000 an ounce as investors seek safe havens amid economic uncertainty.

The Indian stock market's Sensex dropped by 153 points, driven down by declines in banking, auto, and pharma sectors.

Om Freight Forwarders shares debuted at a 40% discount on the BSE and NSE, reflecting cautious sentiment in the logistics sector.

Eimco Elecon shares surged over 12% following a significant stake acquisition by investor Vijay Kedia.

Bitcoin ETF trading volume reached $7.5 billion, indicating a major shift in Wall Street's approach to cryptocurrency.

SoFi Technologies' stock price increased by 6.7% ahead of key economic data releases, reflecting investor optimism.

U.S. stocks rallied, with the S&P 500 closing at a record high for the 33rd time in 2025, driven by a tech sector rebound.

The Federal Reserve's September meeting minutes revealed divided opinions on interest rate cuts amid inflation concerns.

The return of the Meme ETF raises questions about its timing as it coincides with market peaks similar to its previous launch.

California Governor Gavin Newsom has enacted a law to limit private equity firms' influence in healthcare, introducing penalties for interference in medical decisions.

Nvidia CEO Jensen Huang emphasized the company's strategy of focusing on partnerships over competition for growth.

IndusInd Bank is under investigation for insider trading allegations involving a former official's family related to Kesoram Industries.

Tilaknagar Industries has received CCI approval for a ₹4,150 crore acquisition of Pernod Ricard India's Imperial Blue whisky business.

Titan Company reported a 20% year-on-year growth in Q2FY26, driven by strong jewellery sales and a significant increase in international revenue.

Tata Motors' Jaguar Land Rover reported a 17% year-on-year decline in Q2 retail sales due to production disruptions from a cyber attack.

Aditya Birla Sun Life Mutual Fund has suspended fresh subscriptions in three international funds while revising minimum investment amounts for existing plans.

Ørsted successfully raised $9.35 billion through a rights issue to support its renewable energy projects.

BMW has revised its 2025 outlook downward due to declining demand in China and the impact of US tariffs.

Nike's CEO Elliott Hill emphasizes the importance of revitalizing the company's presence in China to regain market strength.

AMD's stock has surged 43% this week following a partnership with OpenAI, positioning it as a competitor to Nvidia in the AI chip market.

Google has imposed new limits on its 'Work from Anywhere' policy, restricting the number of remote work days for employees.