📈 Top Macroeconomic & Market News

1. US Fed Hikes Interest Rates to 3.75%–4% Range to Combat Soaring Inflation

In a historic shift led by Chair Kevin Warsh, the Federal Reserve approved a 25 basis-point interest rate hike, marking its first interest rate increase in over three years. The decision follows a massive surge in crude oil prices driven by geopolitical conflicts. President Donald Trump heavily criticised the decision, calling the board “hostile,” while Wall Street experienced immediate volatility.

2. Indian Rupee Plummets Past 96 Against the US Dollar For the First Time

The Indian Rupee (INR) breached the crucial 96-per-dollar mark in early trading today. The drop is fueled by heavy Foreign Institutional Investor (FII) selling and the global ripple effects of the US Fed’s aggressive rate hike. Suspected intervention by the Reserve Bank of India (RBI) helped stabilize the currency slightly.

3. Indian Stock Markets Open Resilient; Nifty Trades Above 23,200

Despite major global headwinds and heavy losses in the tech sector, domestic indices opened marginally higher on Thursday morning. The BSE Sensex is trading up at 74,365.76, while the NSE Nifty 50 gained momentum to hold firm above 23,200, led primarily by massive gains in the FMCG sector.

4. Brent Crude Stabilises at $105 as Saudi Arabia Redirects Oil via Oman

After facing massive logistics disruptions following recent pipeline hits, global energy anxiety eased slightly as reports surfaced that Saudi Arabia is offering ship-to-ship crude transfers via alternative routes in Oman. Brent crude prices settled down near $105 per barrel.

5. Snap Partners with Nvidia, AWS, and Salesforce for Enterprise AR Spec

In a massive corporate tech push, Snap announced landmark collaborations with Nvidia, Amazon Web Services (AWS), and Salesforce. The partnerships aim to deeply integrate enterprise workplace software into Snap’s latest augmented-reality “Specs” smart glasses, directly challenging rivals in the hardware market.

⚖️ Top Legal Business News

6. Supreme Court Directs RBI to Strictly Enforce Debt Recovery Guidelines

Taking a stern stance against aggressive banks and NBFCs, the Supreme Court of India declared that current RBI recovery guidelines “exist only on paper.” The apex court directed immediate, mandatory implementation of strict guidelines to prevent the systemic harassment of corporate and individual borrowers.

7. PIL Filed in Supreme Court Challenging the 0.4% UPI Merchant Fee

A Public Interest Litigation (PIL) has been filed in the Supreme Court challenging the government’s decision to enforce a 0.4% Merchant Discount Rate (MDR) on UPI transactions above ₹2,000, scheduled to take effect from October 15. While consumers are exempted, trading groups claim the legal structure hurts small retailers.

8. UK Enforces Strict “Crime and Policing Act 2026” for Corporate Criminal Liability

A major shift in international corporate law is now official: Section 250 of the Crime and Policing Act 2026 has fully come into force. The law establishes that a company can be criminally convicted and heavily sentenced if a “senior manager” commits a crime within the scope of their employment, creating a global standard for executive compliance.

9. Delhi High Court Restrains Real Estate Aggregators Over SignatureGlobal Trademarks

In a significant Intellectual Property ruling for the real estate sector, the Delhi High Court granted an interim injunction restraining several websites from unauthorised use of the proprietary project materials and trademarks belonging to SignatureGlobal.

10. EU Issues Compliance Framework Guidelines for the EU Cyber Resilience Act

The European Commission in Brussels officially released a critical compliance roadmap to help SMEs and global tech enterprises navigate the enforcement of the EU Cyber Resilience Act. The guidelines detail new statutory liabilities for supply-chain software security and watermarking for AI companies operating within the Eurozone.

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