During the company’s Q2FY27 earnings, Piramal Finance MD & CEO Jairam Sridharan said 15% to 23% of gross gold loan disbursements across the industry over the past year went to customers already more than 90 days overdue. Piramal’s policy bars lending to such borrowers. According to RBI data, gold loans accounted for a third of incremental retail lending in Q1FY27.

SpaceX, Tesla boards weigh $3.5 trillion merger; Elon Musk endorses idea
https://timesofindia.indiatimes.com/business/international-business/spacex-tesla-boards-weigh-3-5-trillion-merger-elon-musk-endorses-idea/articleshow/135100964.cms

SpaceX is valued at more than $2 trillion, while Tesla has a market value of about $1.5 trillion. When asked on the call about the prospects of merging the two companies, Musk initially said he was “tap dancing through a minefield” before going into more detail. He cautioned that getting enough support from Tesla shareholders may be tricky and that neither committee has settled on terms.

At 7.9%, core sector clocks fastest growth in new series
https://timesofindia.indiatimes.com/business/india-business/at-7-9-core-sector-clocks-fastest-growth-in-new-series/articleshow/135100958.cms

Output in the energy-dominant industries like natural gas (-4.6%), crude oil (-1.4%) and fertilisers (-11.7%) saw continued sequential contraction, reflecting the impact of the prolonged conflict in West Asia. Output in the refinery products (10.3%) and coal (10.7%), however, saw acceleration during the month. Bank of Baroda chief economist Madan Sabnavis said Sept figures highlight buoyancy in infrastructure where govt has been spending.

Security flaw: eMudhra shares take a hit, fall 20%
https://timesofindia.indiatimes.com/business/india-business/security-flaw-emudhra-shares-take-a-hit-fall-20/articleshow/135100962.cms

The flaw occurred during a key-generation ceremony on April 30, 2025, when a second set of weak keys was generated alongside the original strong keys. Mozilla cryptography engineer Dennis Jackson reported the issue on Oct 17, flagging insufficient randomness that made the keys vulnerable to recovery. eMudhra said it was investigating the root cause.

Rate hike: RBI more hawkish than external members at meet
https://timesofindia.indiatimes.com/business/india-business/rate-hike-rbi-more-hawkish-than-external-members-at-meet/articleshow/135100963.cms

RBI’s MPC voted unanimously to raise the repo rate by 25 basis points to 5.5%, but split 4-2 on shifting to calibrated tightening, signalling rate cuts were off the table in the near term as inflation threatens to spread beyond food and fuel. Governor Sanjay Malhotra, deputy governor Poonam Gupta, executive director Indranil Bhattacharyya and external member Saugata Bhattacharya backed the shift.

RBI rejects all 224 bids in treasury-bill auctions
https://timesofindia.indiatimes.com/business/india-business/rbi-rejects-all-224-bids-in-treasury-bill-auctions/articleshow/135100961.cms

Due to a tight fund-flow situation in the system, on the back of a high govt balance, GST-related outflows and funds getting blocked primarily in the Jio Platforms IPO, bidders wanted higher rates in the auction, bond market players said. On the other hand, RBI was reluctant to pay high rates because this could have indicated elevated rate signalling for the short term by the central bank.

Wife’s father paid for joint house; Kerala HC orders husband to vacate
https://timesofindia.indiatimes.com/business/india-business/wifes-father-paid-to-buy-house-in-couples-joint-names-kerala-high-court-grants-her-exclusive-ownership-rules-husband-must-vacate-after-he-fails-to-prove-he-paid-anything/articleshow/135087533.cms

The dispute involved a couple who got married in 2012. The woman told the court that her father had paid Rs 30 lakh to purchase the house for her future security. Although the property was registered jointly, she maintained that her husband had contributed nothing towards the purchase and therefore had no independent entitlement to half of it.

Rupee under pressure: Currency slips to 94.50 as oil rises, Dalal Street struggles in red
https://timesofindia.indiatimes.com/business/india-business/rupee-under-pressure-currency-slips-to-94-50-as-oil-rises-dalal-street-struggles-in-red/articleshow/135107526.cms