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 reports $1.53 bn in free cash flow amid one-fifth cut to 2026 spending forecast
https://timesofindia.indiatimes.com/business/international-business/tesla-reports-1-53-billion-in-free-cash-flow-amid-one-fifth-cut-to-2026-spending-forecast/articleshow/135107813.cms

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.

Crude rises, rupee falls & Dalal Street trips again
https://timesofindia.indiatimes.com/business/india-business/crude-rises-rupee-falls-dalal-street-trips-again/articleshow/135127760.cms

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%.

Videos, the new gateway reshaping online retail
https://timesofindia.indiatimes.com/business/india-business/videos-the-new-gateway-reshaping-online-retail/articleshow/135127759.cms

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.

Jio Platforms' IPO becomes first public offer globally to cross 1 cr applications
https://timesofindia.indiatimes.com/business/india-business/jio-platforms-ipo-becomes-first-globally-to-cross-1-crore-applications-subscriptions-top-6-times-report/articleshow/135131792.cms

Demand at home supporting growth momentum: RBI
https://timesofindia.indiatimes.com/business/india-business/demand-at-home-supporting-growth-momentum-rbi/articleshow/135154655.cms

The report said headline CPI inflation rose to a 23-month high of 5.5% in Sept from 4.8% in Aug, with price increases spreading across food, fuel and core items. Core inflation rose to 4.3%, while core inflation excluding precious metals reached 3.2%. WPI inflation climbed to 11.4% under the 2022-23 base series. The report highlighted early signs of inflation generalisation, with a rising share of CPI items recording inflation above 6%.

Record haul: Jio IPO collects Rs 7.5 lakh crore; nearly 1.3 crore investors make bids
https://timesofindia.indiatimes.com/business/india-business/record-haul-jio-ipo-collects-rs-7-5-lakh-crore-nearly-1-3-crore-investors-make-bids/articleshow/135155570.cms

In the unofficial market, speculators are betting that the company will be listing at about Rs 1,370, a mark-up (also called the grey market premium or GMP) of about Rs 250 over the upper limit of the IPO price band of Rs 1,065 to Rs 1,119. The current GMP is slightly off Rs 273, the highest level seen a day before the IPO opened.

Amid volatile trades, sensex falls for 4th day
https://timesofindia.indiatimes.com/business/india-business/amid-volatile-trades-sensex-falls-for-4th-day/articleshow/135155569.cms