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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.
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.
The Indian Rupee fell by 12 paise, settling at 94.50 against the US dollar, driven primarily by surging crude oil prices. However, the currency found some respite from a weaker dollar and declining US treasury yields. Local stock market volatility and climbing oil costs further pressured the rupee. Notably, foreign institutional investors recently bought Rs 1,022.32 crore in equities.
Tesla generated $1.53 billion in free cash flow in the third quarter, which exceeded market expectations. The company's capital expenditure forecast for 2026 was cut to approximately $20 billion from over $25 billion. Tesla's revenue was flat compared to the previous year but still surpassed estimates, while net income fell 43%. Demand for electric vehicles rose significantly as Tesla delivered 486,532 vehicles in the quarter.
Among the major Asian market indices, Kospi in Korea closed 3.5% down, Hang Seng in Hong Kong closed 3% down, Nikkei in Japan was down 2.7% at the close while Shanghai Composite in China closed 1.5% lower. European markets too were mostly in the red in late trades with CAC 40 in France down 1.4%, DAX in Germany down 1.1% and FTSE 100 down 0.3%.
Social media platforms such as Instagram and YouTube had already made access easier than ever—people sat at their homes, browsed through videos, subscribing to influencer-led recommendations and buying products. Platforms took note of the shopping habit and launched their own video and live formats. Amazon, for instance, launched Live in 2022 while players such as Myntra and Meesho joined in after a couple of years or so.