The World Bank has trimmed India’s FY27 growth forecast, citing the impact of US tariffs, even as it raised its outlook for China. EPFR’s Cameron Brandt says the looming US government shutdown is just “background noise” for fund managers. Meanwhile in Bihar, folk singer Maithili Thakur has expressed interest in contesting the upcoming election. Dive into the top reads of the day so far.

World Bank lowers India’s FY27 growth outlook, PayPal to boost personalisation, Bihar election updates, and more

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Published Oct 07, 2025 | 5:10 AM GMT-04

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World Bank trims India’s FY27 growth forecast on US tariffs; ups China outlook

The World Bank on Tuesday warned that higher US tariffs on Indian exports are likely to slow South Asia’s growth next year, even as it raised forecasts for India and China for FY26. The lender revised India’s growth projection for FY26 to 6.5%, up from 6.3% estimated in June, citing strong public investment and resilient domestic demand.

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US shutdown just ‘background noise’ for fund managers, says EPFR’s Cameron Brandt

Global fund managers are largely shrugging off the ongoing US government shutdown, viewing it as 'background noise', but a more significant trend of capital rotation is unfolding across Asian emerging markets, according to Cameron Brandt, Director of Research at EPFR Global.

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LG Electronics India IPO subscribed 55% on first day, so far

LG Electronics India's initial public offering (IPO), which opened for subscription on Tuesday, October 7, was subscribed 55%, as of 1.30 pm. It received bids for a total of 3.89 crore shares of the 7.13 crore shares on offer.

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Tesla teases October 7 event, likely unveiling cheaper Model Y after sales slump

Tesla teased an October 7 event, in which investors and analysts anticipate the unveiling of a more affordable vehicle to counter falling sales, sending the shares of the Elon Musk-led electric automaker more than 5% higher on Monday.

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HDFC AMC shares have more downside in store as valuations are 'rich'; Citi remains cautious

The 50% rally seen in shares of HDFC AMC Ltd. over the last six months, has positioned the stock for some downside, Citi wrote in its note, expressing its cautious stance. Citi reiterated its "sell" rating on HDFC AMC with a price target of ₹4,775 per share, which implies a potential downside of 17% from Monday's close.

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Delhivery shares rise for third day as Macquarie projects 17% upside, Kotak upgrades

Shares of Delhivery Ltd. rose for the third day in a row on Tuesday, October 7, after brokerage firm Macquarie expressed optimism on the stock's prospects, a day after Kotak Institutional Equities had upgraded the stock. Macquarie maintained its "outperform" rating on Delhivery with a price target of ₹540 per share, which implies a potential upside of 17% from Monday's closing levels.

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PayPal CEO pushes for end-to-end commerce with AI and personalisation

PayPal is tapping into personalisation as a strategy, as the global fintech firm eyes the market for end-to-end commerce while it moves beyond just enabling payments which it set out to solve over two decades ago. The company is also tapping into the advertisements business as it focuses on personalisation.

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Folk singer Maithili Thakur likely to contest Bihar election: What she said

Ahead of the Bihar assembly elections, renowned folk singer Maithili Thakur expressed her desire to make her political debut from her hometown of Benipatti in the Madhubani district. The 25-year-old singer on Tuesday stated that while there has been no official announcement, she feels a special connection to her village and would like to begin her political career there.

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Railways to run two special Vande Bharat trains between Delhi and Patna from Oct 11 for Diwali and Chhath Puja

In good news for Bihar, the Northern Railway will run two festival special Vande Bharat trains between Delhi and Patna from October 11. These special train will run on the route till November 17. "To facilitate the travel of passengers during ensuing festivals, Railways have decided to run Vande Bharat festival special trains," said Himanshu Shekhar Upadhyay, Chief Public Relations Officer of Northern Railway.

Cough syrup linked deaths: PIL seeks Supreme Court intervention as toll rises, MP bans 2 more drugs

A public interest litigation (PIL) was filed in the Supreme Court on Tuesday, October 7, seeking the apex court’s intervention and a judicial probe into the rising number of child deaths allegedly caused by the consumption of contaminated cough syrup.

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GST on hotels slashed, but bills remain the same: Here's why

Travellers who thought their hotel bills would be lighter on their pockets after September 22 have come in for a bit of a shock. Despite the recent GST rate reduction on hotel rooms, travellers report little to no decrease in their bills.

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