The Reserve Bank of India's foreign exchange reserves decreased by $3.5 billion to $684.8 billion in the week ended September 25, primarily due to the central bank's dollar sales to prevent rupee depreciation. Foreign currency assets fell significantly while gold reserves saw a rise. Outflows from Indian stocks and bonds added pressure on the rupee.
Elon Musk's ownership of Twitter, now called X, has drastically shifted its political neutrality. Despite pledges for impartiality, Musk's posts and platform policies now favour Trump and his allies, suppressing opposing views and funding partisan efforts. His $120 million into America PAC supports Trump's campaign, drawing legal scrutiny.
The decision marked the first victory for Abbott Laboratories and Mead Johnson Nutrition in their battle over allegations that their formulas for premature babies cause an intestinal disease.
Next weeks presidential election isnt just a referendum on Donald Trump and Kamala Harris. Its also a measure of the influence the worlds richest man wields over American democracy.
Markets regulator Sebi suggests changes to the framework for ESG Rating Providers, especially those using a subscriber-pays model. Sebi recommends exemption from disclosing ESG ratings to stock exchanges and sharing reports with subscribers and rated issuers simultaneously. The proposals aim to improve clarity and transparency in ESG ratings. Public comments on the proposals are invited until November 15.
