Proposed changes to the GST regime are expected to benefit businesses, improving cash flow and refunds. A refund on accumulated GST for input services and capital goods may help manufacturers significantly. The GST Council will discuss the rationalization of ITC, which has long been an issue for businesses. Decriminalization of certain GST provisions aims to create a more business-friendly environment in India.

Govt likely to sign BIT with Saudi Arabia
https://timesofindia.indiatimes.com/business/india-business/govt-likely-to-sign-bit-with-saudi-arabia/articleshow/134720362.cms

India plans to sign a bilateral investment treaty with Saudi Arabia, allowing quicker arbitration for investors. The exhaustion of legal remedies period has been reduced from five years to two years for Saudi Arabia. This decision is significant due to the interest of Saudi Aramco in investing in Indian refineries. The government aims to increase foreign direct investment inflows by making concessions in agreements.

RBI swap scheme boosts private banks' Q2 business numbers
https://timesofindia.indiatimes.com/business/india-business/rbi-swap-scheme-boosts-private-banks-q2-business-numbers/articleshow/134720409.cms

Private banks witnessed considerable credit and deposit growth in the second quarter of FY27. This growth was driven by the RBI's concessional dollar-rupee swap facility for FCNR(B) deposits. Major banks like Axis Bank, Kotak, and HDFC Bank reported varying growth figures, showing the impact of international branches. Although headline numbers appeared strong, underlying growth was more moderate after adjustments.

Flying to get costlier as IndiGo hikes fuel surcharge
https://timesofindia.indiatimes.com/business/india-business/flying-to-get-costlier-as-indigo-hikes-fuel-surcharge/articleshow/134720447.cms

IndiGo plans to raise its fuel surcharge due to rising aviation turbine fuel prices and increasing operational costs. The surcharge increase for domestic flights will be between Rs 100 and Rs 350 per sector, effective from October 6, 2026. International flights will see surcharges increase by up to Rs 2,500 per sector. Other airlines are expected to implement similar price hikes in response to these changes.

Trump signs order to ease diesel costs, ‘save millions of dollars’ for farmers
https://timesofindia.indiatimes.com/business/international-business/trump-signs-order-to-ease-diesel-costs-save-millions-of-dollars-for-farmers/articleshow/134720655.cms

In response to rising diesel prices, US President Donald Trump has enacted an executive order designed to alleviate financial pressures across multiple sectors. This order is anticipated to substantially cut fuel costs for farmers and truck drivers, ultimately contributing to lower grocery prices. Additionally, it urges states to expand access to tax-free red-dyed diesel and consider lifting specific fuel taxes.

Oil prices hover near $100 as Middle East supply holds up, Gulf risks persist
https://timesofindia.indiatimes.com/business/international-business/oil-prices-hover-near-100-as-middle-east-supply-holds-up-gulf-risks-persist/articleshow/134720943.cms

Oil prices are currently around $100 a barrel as stable Middle Eastern exports ease supply concerns. However, ongoing regional conflicts, including Houthi attacks, raise risks of disruptions. Officials indicate that rebuilding global oil stockpiles could take years due to significant withdrawals. Industry executives predict that demand recovery may not occur until 2028 or 2029. Prices may stabilize at around $70 a barrel depending on future production levels.

Stock market today: NSE Nifty50, BSE Sensex open flat as crude prices hold near $100
https://timesofindia.indiatimes.com/business/india-business/sensex-stock-market-today-06-october-2026-live-updates-nse-bse-gift-nifty-50-top-gainers-losers-mcx-stocks-in-focus-market-news/liveblog/134721685.cms

Gold price prediction: Where are gold prices headed on October 6, 2026?
https://timesofindia.indiatimes.com/business/india-business/gold-price-prediction-today-where-are-gold-rates-headed-on-october-06-2026-and-in-the-near-term-mcx-gold-silver-prices/articleshow/134725783.cms