US Treasury Secretary Scott Bessent has floated extending the pause on import duties for Chinese goods while India and the EU are nearing the close of trade talks. In India, BJP has released its third list of candidates for the Bihar assembly elections. The IMD has shared weather forecast for the Diwali season — here are the top reads of the day so far.

India-EU trade talks near close, Trump claims Modi vowed off Russian oil, Bihar elections, and more

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Published Oct 16, 2025 | 1:33 AM GMT-04

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India, EU in the 'most arduous, last leg' of FTA negotiations: Commerce ministry

India and the European Union (EU) are in the last and the most arduous leg of their ongoing trade negotiations, as per India's commerce ministry. While both sides concluded the 14th round of negotiations in Brussels last week, some Indian negotiators stayed back to continue talks on issues such as rules of origin (ROO).

Donald Trump says PM Modi assures him India will not buy oil from Russia

US President Donald Trump, in an interaction with reporters on Wednesday, October 15, Eastern Time, said that he has been assured by Prime Minister Narendra Modi that India will not be buying oil from Russia.

Stock Crash: Battery recycling company with 1,000% returns nearly halves on one bad news

Shares of American Battery Technology Co., snapped a seven day losing streak on Wednesday, declining 21% in regular trading on Wall Street. The stock is listed on the Nasdaq index. The stock had doubled in value over this seven-day winning streak, gaining as much as 132%.

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Gold climbs to record on US-China tensions and Fed rate-cut bets

Gold rose to a record as heightened US-China frictions and bets the Federal Reserve will press on with monetary easing through the end of the year supported demand. Bullion has risen about 5% so far this week and touched a peak above $4,227 an ounce on Thursday.

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Scott Bessent floats longer-term China truce after rare earths gambit

US Treasury Secretary Scott Bessent dangled the possibility of extending a pause of import duties on Chinese goods for longer than three months if China halts its plan for strict new export controls on rare-earth elements.

Eternal Q2 Results: Zomato-parent shares at record high ahead of earnings

Shares of Eternal Ltd. parent company of food delivery aggregator Zomato and quick commerce player Blinkit, are trading at record high levels ahead of its results that will be reported on Thursday, October 16. A CNBC-TV18 poll is expecting Eternal's net profit to decline by 21% from last year to 139 crore.

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Rubicon Research shares make stellar debut, list at 28% premium over issue price

The ₹1,377.5-crore IPO of Rubicon Research received a stellar response, being subscribed 104 times and attracting more than 31.42 lakh applications with bids worth over ₹82,900 crore.

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Urban Company shares fall up to 4% after equity worth ₹700 crore frees up for trading

Shares of Urban Company Ltd., the newly-listed home services provider, fell as much as 4% on Thursday, October 16, as its one-month shareholder lock-in period comes to an end. A day ahead of the shareholder lock-in ending, the Urban Company stock had its second-best day in its short trading history, ending with gains of over 11%.

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BJP releases third list of candidates for Bihar assembly elections

The Bharatiya Janata Party (BJP) on Wednesday, October 15, evening unveiled its third list of 18 candidates for the upcoming Bihar Assembly elections, bringing its total announced nominees to 101. Among the new names are Bina Devi from Kochadhaman and Sangeeta Kumari from Mohania, a seat reserved for the Scheduled Castes.

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Sovereign gold bond redemption today: Investment up over 4x

The Sovereign Gold Bond (SGB) 2017-18 Series-III will be redeemed on Thursday (October 16), marking the completion of its eight-year tenor. The Reserve Bank of India (RBI) has fixed the final redemption price at ₹12,567 per gram, calculated on the basis of the simple average of IBJA’s closing price of 999 purity gold for October 13, 14 and 15.

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Diwali 2025 weather alert: IMD predicts unseasonal rain in Maharashtra's Pune, Satara and Kerala, TN, K'taka

The India Meteorological Department (IMD) has forecast unseasonal rain and thunderstorms across parts of Maharashtra and South India during Diwali week, potentially disrupting celebrations and travel. A yellow alert has been issued for several districts, while farmers and residents are advised to take precautions.

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