In today's newsletter, we take a look at the UK PM's India visit, Vedanta shares ahead of the NCLT hearing, the nation celebrates the Indian Air Force Day, and Nvidia's interest in Elon Musk's xAI and more.

**EDS: THIRD PARTY IMAGE** In this image posted on Oct. 8, 2025, Maharashtra Governor Acharya Devvrat exchanges a warm handshake with United Kingdom Prime Minister Keir Starmer on latter's arrival at Chhatrapati Shivaji Maharaj International Airport, in Mumbai. State Chief Minister Devendra Fadnavis also seen. (@MEAIndia/X via PTI Photo)(PTI10_08_2025_000030B)

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Published Oct 08, 2025 | 12:55 AM GMT-04

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UK PM Keir Starmer rules out visa deal with India ahead of meeting with PM Modi

The United Kingdom Prime Minister Keir Starmer said the UK will not pursue a visa deal with India ahead of his meeting with Prime Minister Narendra Modi on October 9.Starmer arrived in Mumbai on Wednesday (October 8) along with a business delegation.

Vedanta stock under pressure ahead of NCLT hearing on proposed demerger

Shares of Anil Agarwal-owned mining conglomerate Vedanta Ltd. are in focus on Wednesday, October 8, ahead of the final hearing at the National Company Law Tribunal (NCLT) with regards to its proposed demerger.

Indian Air Force Day 2025: Why it's important

Founded in 1932, the Indian Air Force plays a vital role in securing the country’s airspace and protecting India’s national and humanitarian interests against all threats. FILE PHOTO: The Surya Kiran aerobatic display team of the Indian Air Force (IAF) flies BAE Hawk Mk 132 aircrafts during an airshow in Mumbai, January 13, 2024. REUTERS/Francis Mascarenhas

New base years to boost GDP coverage, inflation basket will cover over 350 items: MoSPI Secy Garg to CNBC-TV18

India’s upcoming base year revisions for GDP, CPI and IIP will significantly expand the base and coverage of sectors, particularly if the government gets access to more granular data, MoSPI Secretary Saurabh Garg said in an interaction with CNBC-TV18.

Tata Motors shares in focus after cyberattack hits JLR volumes in Q2

Shares of Tata Motors Ltd. are in focus on Wednesday, October 8, after its luxury car manufacturing unit Jaguar Land Rover (JLR) released its sales update for the second quarter.The company's September quarter volumes were lower than expected due to the recent cyberattack.

Nvidia to finance Elon Musk’s xAI chips as part of $20 billion deal

Elon Musk’s artificial intelligence startup xAI is raising more financing than initially planned, tapping backers including Nvidia Corp. to lift its ongoing funding round to $20 billion, according to people with knowledge of the matter.

S&P 500 snaps seven-day winning run dragged by Oracle, Tesla and shutdown angst

Benchmark indices on Wall Street ended the session lower on Tuesday, October 7, led by selling pressure in big tech stocks and the US government shutdown entering its seventh day with no signs of the impasse ending.

WeWork India IPO Allotment On October 8: Check Status, Listing Date And Other Details

The initial public offering (IPO) of WeWork India Management Ltd. closed for subscription on Tuesday, October 7. The allotment of shares to eligible investors will take place on Wednesday, October 8. The ₹3,000 crore Offer For Sale (OFS) managed to see full subscription on the final day of bidding, led by institutional investors.

Bajaj Finserv rebrands insurance businesses as Bajaj General Insurance, Bajaj Life Insurance

Diversified financial services group Bajaj Finserv Limited on Tuesday announced the rebranding of its insurance businesses as Bajaj General Insurance and Bajaj Life Insurance. Earlier, they were known as Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance.

Five IT majors together have lower weight than HDFC Bank in Nifty50

The extended decline in shares of India’s top IT companies has sharply reduced their influence in the benchmark Nifty50 index. The five sector heavyweights — Infosys, Tata Consultancy Services (TCS), HCL Technologies, Tech Mahindra, and Wipro — have collectively fallen around 25% so far this year, dragging their combined weight in the Nifty50 down to 9.9%.

HM Shah, FM Sitharaman meet Tata trustees as internal tensions rise: Sources close to Tata Group

Home Minister Amit Shah and Finance Minister Nirmala Sitharaman met Tata Trusts Chairman Noel Tata, Tata Sons Chairman N Chandrasekaran, and trustees Darius Khambatta and Venu Srinivasan as tensions within Tata Trusts escalated, sources close to the Tata Group told CNBC-TV18.