Savings Effect

Indian Rupee moves slightly higher against US dollar; opens at 95.95

🚨 Firstsource Solutions, Solar Industries lead Nifty 500 gainers, Max Healthcare, BSE fall at market open

🚨Tata Trusts row: Venu Srinivasan seeks Charity Commissioner probe into SDTT, restrictions on Noel Tata -Venu Srinivasan seeks inquiry into Sir Dorabji Tata Trust. -Allegations of illegal trustee appointment and governance lapses. -SDTT's involvement in Tata Sons' commercial affairs questioned.

📈 Cabinet hikes MSP for rabi crops, sets aside Rs 91,000 crore; safflower sees biggest rise The expected margin over the all-India weighted average cost of production: -106% for wheat -96% for rapeseed and mustard -92% for lentil -59% for gram -58% for barley -50% for safflower

Apple Pay taps India’s payment companies to reach millions of merchants at launch - Apple Pay launches in India via partnerships. - Millions of merchants will accept Apple Pay. - Apple Pay uses tokenization for secure payments.

Indian bond yields ease as oil cools, Fed rate hike bets tumble ahead of RBI policy - Indian govt bonds opened higher on Sept 30. - Crude oil prices pulled back, easing sentiment. - US Fed rate hike expectations reduced.

PB Fintech share price target slashed to less than half by Bernstein days after retaining Rs 2,310 target - Bernstein slashes PB Fintech target price by 53%. - New target of Rs 1,085 due to commission-cut proposal. - PB Fintech shares down 43% in four sessions.

➡️ Cooling valuations open new avenues ➡️ Legacy AMCs show resilience amid a volatile market ➡️How Trusts picked 2 cos to merge with Tata Sons ➡️ Govt may hike outlay under two key tax refund schemes ➡️India foodgrain target set below last year’s output

KKR to invest in Cisternina Logistics to build pan-India liquid storage and logistics platform - KKR invests in Cisternina Logistics Pvt Ltd. - Cisternina to acquire Ganesh Benzoplast Ltd's liquid storage. - Investment aims to expand storage and logistics in India.

Lloyds Enterprises settles case with SEBI over Rs 144.82 crore advances to promoter-linked entities - SEBI approved settlement for Lloyds Enterprises. - Company and officials paid 4.16 crore settlement. - Allegations involved 144.82 crore advances to related entities.