Ceasefire in Gaza, Indian refiners eye more Russian oil, China tightens rare earth exports, and more

Israel and Hamas agree to Gaza ceasefire and return of hostages

Israel and Hamas said they had agreed to a long-awaited ceasefire and hostage deal, the first phase of US President Donald Trump's plan to end a war in Gaza that has killed more than 67,000 people and reshaped the Middle East.

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UK PM Starmer looks to India for example on UK plan for digital ID

Keir Starmer met with a key architect of India's digital ID program, as the British Prime Minister sought guidance on implementing a similar system in the UK. Starmer spoke with Infosys Ltd co-founder Nandan Nilekani, who is widely credited with implementing India's Unique ID Card in 2009, on Wednesday (October 8) as part of his two-day visit to Mumbai.

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India refiners may buy more Russian oil as discounts deepen

Indian refiners are expected to boost oil imports from Russia in the coming months, as trade talks with Washington drag on and discounts widen amid ample supplies. Discounts on Urals crude loading in November are $2-to-$2.50 a barrel to Dated Brent, making it attractive.

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China tightens exports of rare earths and related technology

China announced it is tightening the export of rare earth technologies, broadening restrictions that have been a source of tension between Beijing and Washington. Technologies related to the extraction of rare earth minerals, manufacturing of magnets and recycling of rare earths are banned from being exported unless permitted.

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SoftBank’s Graphcore plans $1.3 billion chip investment in India

Graphcore, the British chip designer owned by SoftBank Group Corp., is planning to announce a £1 billion ($1.3 billion) investment package in India that includes a new research hub. The announcement is scheduled as part of a delegation of UK businesses joining Prime Minister Keir Starmer on a trip to India this week, people familiar with the plans said.

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Saatvik Green Energy shares surge 10% on Q1 results; Stock up 25% in six sessions

Shares of newly listed Saatvik Green Energy Ltd. are locked in a 10% upper circuit on Thursday, October 9, in response to its June quarter results that it reported after market hours on Wednesday. This is the company's first quarterly result reported after its listing on September 26. This is also the sixth straight day of gains for the stock, during which it has risen 25%.

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LG Electronics India IPO GMP remains near ₹300 as subscription opens for final day

LG Electronics India has opened bids for the final day of its three-day initial public offer, the third biggest that the Indian market has seen in 2025 so far. The ₹11,607 crore IPO has received healthy investor interest over the first two days, with the issue being fully subscribed on the first day of bidding itself.

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Sresan Pharma owner S Ranganathan arrested over 21 children deaths related to cough syrup

The Madhya Pradesh Police arrested Sresan Pharmaceutical owner S Ranganathan in Tamil Nadu in the case related to the now-banned cough syrup allegedly linked to the death of at least 20 children. Ranganathan was arrested in Chennai on October 8.

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Lupin shares surge over 3% on $250 million investment plans for new US facility

Shares of drug maker Lupin Ltd. gained over 3% on Thursday, October 9, after the company announced plans to establish a state-of-the-art pharmaceutical manufacturing facility in Coral Springs, Florida, aimed at enhancing U.S.-based production of critical respiratory medicines.

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Netweb Tech shares fall 5% as profit booking kicks in after record surge

Shares of recent outperformer Netweb Technologies Ltd. declined as much as 5% on Thursday, October 9. The stock is witnessing some profit booking at higher levels after a 41% surge in the last one month. Earlier in the day, Netweb announced a partnership with Bengaluru-based Bud Ecosystem to jointly develop affordable, localized AI infrastructure solutions for India.

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Heavy showers likely in southern states; monsoon retreats from parts of Gujarat, MP and UP

The India Meteorological Department (IMD) on Thursday, October 9, issued contrasting weather advisories for different parts of the country. While the monsoon is retreating from northwestern and central states, the southern states continue to be affected by the remnants of Cyclone Shakti and are therefore bracing for heavy rainfall.

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