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🇮🇳 US Secretary of State to visit Mumbai and Jamnagar for energy cooperation talks, October 17–22 🇮🇳 US Secretary of State Marco Rubio will visit Mumbai and Jamnagar during a 17–22 October trip covering India and Uzbekistan, the State Department says. Energy cooperation and commercial investment are on the agenda.

🚨 Jio Platforms is gearing up for a historic stock market debut. 🚀 At a projected issue size of ₹30,200 Crore, the Jio Platforms IPO is officially on track to become the largest-ever public offering in Indian stock market history. It will surpass the previous record held by Hyundai Motor India's 2024 IPO (₹27,859 Crore). PROPOSED TIMELINE: 💠IPO Opening Date: October 21 💠IPO Closing Date: October 23 💠Tentative Listing Date:October 28

🚨 Jio Platforms is gearing up for a historic stock market debut. 🚀 At a projected issue size of ₹30,200 Crore, the Jio Platforms IPO is officially on track to become the largest-ever public offering in Indian stock market history. It will surpass the previous record held by Hyundai Motor India's 2024 IPO (₹27,859 Crore). PROPOSED TIMELINE: 💠IPO Opening Date: October 21 💠IPO Closing Date: October 23 💠Tentative Listing Date:October 28 @findevindex

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BIG BREAKING 🚨 RBI comes in big with measures to defend the Rupee and counter vested foreign attack on INR Here is what RBI has announced, 1. The RBI is taking the PSU oil companies’ dollar demand directly onto its own book. From Oct-12, the RBI will supply the full daily dollar requirement of IOC, HPCL & BPCL via designated banks. Basically - these large, regular dollar buyers do not have to come into the market everyday & push up demand for dollars. 2. Large USD-buying hedges will now cost banks more. For certain INR derivative trades above $2 million, banks must keep 20% of the Rupee value in cash with the RBI as a reserve. That makes these trades more expensive. 3. The amount you can trade without proving you actually have an underlying FX need has been slashed. The limit has gone from $100 million to just $5 million. This applies both to OTC derivatives & exchange-traded currency derivatives. 4. You can’t cancel a Rupee FX trade & then simply put the same trade back on again ! Rollovers at maturity are still allowed. Basically meant to curb repeated trading around the same exposure. 5. You now have to certify that you haven’t hedged the same exposure somewhere else. Bascially the RBI is trying to stop the same $ requirement being used to justify multiple hedges.

🚨📦 GST Council proposes a fresh 5% tax on all online shopping deliveries: The GST Council has proposed a 5% tax on all online shopping deliveries. This rule will apply no matter how your package travels, whether by road, air, or rail. Delivery charges will see a direct increase, making online shopping slightly less affordable for budget-conscious households.

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