Stock Market LIVE Updates: Rupee opens higher today

Stock Market LIVE Updates: Indian rupee opened 6 paise higher on Thursday.

Stock Market LIVE updates: Pharma stocks in focus on tariff update

Stock Market LIVE Updates: Investors will keep pharma stocks on radar today amid reports that the Donald Trump administration has excluded generic drugs from tariffs.

According to a report by WSJ, White House has shelved plans to impose tariffs on generic drug imports.

Notably,Indian pharmaceutical companies corner a nearly 50-per cent market share in the US’ generic drug prescriptions.

Stock Market LIVE Updates: Silver climbs to record high

Stock Market LIVE updates: Silver prices surged to a historic peak on Wednesday, driven by the ongoing rally in gold and a rising appetite among investors for tangible assets. This comes amid persistent geopolitical tensions, economic uncertainties, and growing expectations of interest rate reductions in the United States.

Spot silver reached a record $49.57 per ounce. Silver has climbed 70 per cent this year-on track for its strongest annual performance sence 2010. READ MORE

Stock Market LIVE Updates: TCS, prestige Estates, Coal India, Senco Gold to be in focus today

Stock market LIVE Updates: TCS is scheduled to announce its financial results for the September quarter of the financial year 2025-26 (Q2FY26) on October 9.

Prestige Estate Projects: The company reported a 54 per cent growth in collections to ₹4,212 crore. Sales increased 50 per cent to ₹6,017.3 crore, while sales volume increased 40 per cent to 4.42 million square feet.

Coal India: The state-run coal miner has signed a non-binding Memorandum of Understanding (MoU) with IRCON international to develop rail infrastructure for CIL and its subsidiaries. READ MORE

Stock Market LIVE Updates: Govt urges Tatas to resolve boardroom dispute to maintain group stability

Stock Market LIVE Updates: Two senior Indian ministers have, in an uncommon intervention, urged Tata Group’s charity arm to resolve internal boardroom disputes to ensure stability at the sprawling $180-billion business empire it controls, sources told Reuters on Wednesday.

The discord within Tata Trusts, a year after the death of family patriarch Ratan Tata,

India Inc. Q2FY26 Earnings and RBI’s Fintech Push

Recent reports from various equity agencies suggest a continuing trend of moderate growth for Indian corporations. Corporate revenue likely grew in the single digits for the tenth consecutive quarter during July-september (Q2FY26). Net profit growth mirrored this trend, also likely increasing in the single digits for a sixth straight quarter.

Corporate Earnings Overview

While growth continues, the pace remains subdued. This indicates a cautious economic environment where companies are navigating challenges to maintain profitability. The consistent single-digit growth suggests stability, but lacks the robust expansion seen in previous periods.

Sector Performance: Banking Lags

Banks are anticipated to be the underperformers in this earnings season. Most banks are expected to report year-on-year declines in net profit. Net interest income is also projected to be flat or negative. This suggests challenges within the banking sector, potentially related to interest rate fluctuations, loan growth, or asset quality.

RBI launches new UPI Initiatives

the Reserve Bank of India (RBI) unveiled four new digital payment initiatives at the Global Fintech Festival 2025. These initiatives aim to enhance the functionality and accessibility of Unified payments Interface (UPI).

Key UPI Initiatives

• IoT-based UPI Payments: Expanding UPI to integrate with Internet-of-Things devices.
• Interoperable Net Banking: A solution allowing seamless transactions between different banks’ net banking systems.
• UPI Reserve Pay: A new feature for UPI allowing users to set aside funds for specific purposes.
• AI-based UPI Help: an AI-powered support system for UPI users, leveraging NPCI’s Small language Model (SLM).

Enhanced Security & Onboarding

The RBI also introduced biometric authentication for UPI payments,eliminating the need for PINs in certain cases. A face authentication feature, utilizing UIDAI’s app-based biometrics, simplifies onboarding and removes the requirement for debit cards to set UPI PINs. These measures aim to improve both security and user experience.

Key Takeaways

• India Inc. continues to experience single-digit revenue and profit growth.
• The banking sector is facing headwinds, with projected declines in profitability.
• The RBI is actively promoting digital payments through innovative UPI initiatives.
• New biometric authentication methods are streamlining UPI usage and enhancing security.

Source: Business Standard

Published: 2025/10/09 03:35:59

Looking ahead, the impact of these RBI initiatives on digital payment adoption will be crucial. Continued monitoring of corporate earnings, particularly within the banking sector, will provide further insights into the overall health of the Indian economy.