Latest Developments

Asia
The Hindu BusinessLine

Sensex today | Stock Market Live Updates: Sensex, Nifty open higher; Sensex up 364 pts, Nifty above 22,640

Concept of global financial crisis. Blurry planet hologram with double exposure of falling digital graphs. 3d rendering toned image | Photo Credit: ismagilov Sensex Today, Nifty 50 | Stock Market Live Updates: Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 12th October 2026. Investors will track September CPI and WPI inflation data for cues on price pressures following the RBI’s recent rate hike and shift towards calibrated tightening. The Q2 FY27 earnings season will also gather momentum, with HCL Technologies, Hero MotoCorp, Tech Mahindra, Wipro and Nestle India scheduled to announce results. Corporate guidance and commentary on demand and margins will be key to assessing the earnings outlook. Government bonds could open the week under mild selling pressure after the central bank announced measures to absorb banking-system liquidity, although expectations ‌of a sharp rupee rally may help limit losses. The benchmark 6.94% 2036 bond ⁠yield may trade in a 7.26%-7.32% band, a trader with a primary dealership said, after ending at 7.2994% on Friday. ‌Bond yields rise when prices fall. RBI’s new FX rules curb dollar demand, raise hedging costs, and hint at a rupee rally with volatile forward premiums. Bitcoin rose 0.9% to about $83,706, while Ethereum gained 1.2% to $2,538. The recovery broadened across major virtual digital assets, with nine of the top ten advancing during the last 24 hours. Avalanche led with a 5.1% jump to $10.91 and Chainlink rose 2.4% to $13.35. Solana added 1.2%, while BNB, XRP, Dogecoin and Cardano also gained. TRX was the only decliner, slipping 0.1%. The quality of the close improved alongside prices. Avalanche ended at 87% of its daily range, Chainlink at 82%, Ethereum at 77% and Bitcoin at 71%. Eight of these top ten finished in the upper half of their ranges, indicating that buyers retained much of the day’s advance. Institutional demand remains the main counterweight. US spot Bitcoin funds took in $21.1 million on 9 October, but Ether funds lost $56.1 million. Across the five completed US sessions dated 5 to 9 October, combined Bitcoin and Ether fund outflows reached $1.221 billion. The global backdrop is still demanding. Treasury yields reached 24-year highs during the week ending 9 October. Bitcoin support is near $82,716 and $82,500, with resistance around $84,111 and $84,500. Holding above $82,500 and clearing $84,500 with continued altcoin participation would strengthen the recovery. A break below $82,500 would weaken it. US inflation data on 14 October is the next scheduled macro catalyst.

Sensex today | Stock Market Live Updates: Sensex, Nifty open higher; Sensex up 364 pts, Nifty above 22,640
North America
CNBC Finance

David Ellison says combined Paramount and Warner Bros. Discovery will be named Skydance

Paramount Skydance CEO David Ellison announced Friday that upon closing his company's merger with Warner Bros. Discovery next week, the combined entity will be named Skydance. It's a full-circle moment for a company that has undergone two major acquisitions within the last 18 months. "Paramount and Warner Bros. shaped over a century of culture," Ellison wrote in social media post Friday. "By combining them, we aren't rewriting history — we're equipping these iconic studios with a more powerful engine. Together, we are Skydance: a creative-first home for bold, quality storytelling." Ellison noted the new name allows the company to preserve Paramount and Warner Bros. as distinct studios. The merged company will trade under the new ticker "SKYD." "We never wanted a new corporate identity to diminish, alter or overshadow either one," he said. "Instead, we wanted a name that would give the combined company an identity of its own while allowing Paramount and Warner Bros. — and all our extraordinary brands — to remain in the spotlight." The Paramount and Warner Bros. studios together are set to release 35 films next year, according to data from Rentrak. In August 2025, Ellison's Skydance — the production company behind the Mission: Impossible movies and "Top Gun: Maverick" — closed its acquisition of Paramount. Weeks later, the CEO set his sights on Warner Bros. Discovery in a takeover effort that would ultimately spark a bidding war. In February, Paramount Skydance and Warner Bros. Discovery struck an agreement worth roughly $110 billion on an enterprise basis. After settling a legal challenge brought by a group of state attorneys general, Paramount Skydance said this week the deal is expected to close on Tuesday. Get this delivered to your inbox, and more info about our products and services. Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.

David Ellison says combined Paramount and Warner Bros. Discovery will be named Skydance
North America
CNBC Economy

The Fed's main inflation measure will be released Wednesday. Here's what to expect

If anyone at the Federal Reserve is looking for evidence arguing against another interest rate hike, they're unlikely to get it in data due Wednesday that is expected to show ongoing price pressures and consumers who nevertheless continue to spend. The personal consumption expenditures price index, the primary inflation gauge for central bank policymakers, is expected to show increases of 0.3% at both the all-items and core levels, the latter of which excludes food and energy costs, according to the Dow Jones consensus. On an annual basis, the price levels are expected to show increases of 3.7% and 3.3%, respectively, unchanged from July and still well above the Fed's 2% target. In other words, there's little indication that inflation is going to abate anytime soon. "The Fed is going to look at this and say, 'Hey, you know, the core is not moving, and I don't have any expectations or anything to believe that it's going to start going back down in any sort of convincing way,'" said Dan North, senior economist at Allianz Trade. "It's still way above target ... So I think it's really embedded in there to the extent that the Fed is not going to be able to ignore it or explain it away." Fed officials at their September meeting approved a quarter percentage point rate increase and penciled in the likelihood of another by the end of the year. All but two of the 18 Federal Open Market Committee officials who provided forecasts indicated they expect at least one more move in 2026 as they raised their consensus PCE inflation outlook. Fed Chairman Kevin Warsh said at his news conference earlier this month that hiring data along with business investment and private sector earnings show the economy in good shape. "I would be hard pressed to describe broad financial conditions as restrictive," Warsh said. Financial conditions are an important input for how the Fed calibrates rate policy. Similarly, Fed Governor Michael Barr said Tuesday that the combination of tariffs and the prolonged war with Iran has meant "we have been knocked off course on our progress toward our 2% goal." Moreover, he added, "I don't yet see a clear trend toward a timely return to 2%." Consequently, Barr reiterated his belief that the Fed likely will need to continue to raise rates, though he did not specify a level. The September move put the central bank's borrowing benchmark in a range of 3.75%-4%. "In my base case, further policy adjustments are likely to be needed to ensure inflation comes down to target in a timely fashion," he said. "We want to support sustainable, durable growth in support of maximum employment, and price stability is crucial to that."

The Fed's main inflation measure will be released Wednesday. Here's what to expect
Europe
BBC Business

What can I do to protect myself after 'Asos hacked' message?

If a strange-looking message from Asos popped up on your phone on Tuesday, you may be worrying what it could mean and whether you need to do anything. The online retailer has emailed customers apologising for the "unauthorised push notification" containing an external link, adding that they should disregard the message and not click on it. Here's what has happened, and what those who may have been affected are being advised to do. On Tuesday morning, Asos users across the UK were sent pop-up messages from its app that appear to have been sent by hackers trying to extort the company. "Dear ASOS DPO and IT, we have fully compromised the Snowflake instance. Engage with us, or we will leak it," the message read. Later that day, Asos said it took immediate action to restrict the apparent hackers' access, was investigating and working with advisers and relevant authorities on "next steps". Data storage company Snowflake told the BBC its investigations had "found no compromise" of its platform. On Tuesday evening, Asos told customers it may include "basic personal information including name and contact details". "However, we don't believe that any payment-card information or account passwords have been impacted," it added. While those who received the pop-up message will undoubtedly be concerned, it does not mean your phone has been hacked. Change passwords: It's worth updating your password, including across other sites that use the same one as your Asos account. The advice for a strong password is to mix numbers, symbols and upper and lower case characters, and avoid using the same password across multiple accounts Turn on two-step verification for important apps like banking and email: The National Cyber Security Centre (NCSC) calls this "one of the most effective ways to protect your online accounts from cyber criminals". You can usually turn it on by going into the security settings in your account

What can I do to protect myself after 'Asos hacked' message?
North America
CNBC Economy

Men are losing ground in the labor market. Here's why

Women outnumbered men in the workforce for eight straight months as of September, according to an analysis of government data by Indeed. That's the longest stretch since 2010, the job search platform found. "Back then, the gap emerged because men were losing jobs," said Cory Stahle, senior economist at Indeed. "This time, it's because women are gaining them." Across the board, the Bureau of Labor Statistics said Friday that U.S. payrolls grew by 29,000 jobs on net in September, lower than economists consensus forecast for an increase of 84,000. Men represented slightly over half of net job growth in September, according to a CNBC analysis of Friday's BLS data. A month prior, men represented just 2% of payroll growth. Despite the monthly increase, the seasonally adjusted number of employed men in the U.S. was lower by about 1.2 million in September compared with a year ago. Women's employment rose by more than 650,000 in the same period. This divergence in labor market performance by gender can be partially explained by which industries are growing, according to Stahle. Healthcare, a key driver of the U.S. job market for the last several years, accounted for more than half of overall payroll expansion in September. Women make up nearly four out of every five workers in the sector. But the BLS said in its Friday release that healthcare hired at a slower pace in September than on average over the past year. Because of that, women may not have gotten as big of a boost from the sector as they did in prior months. Monthly payroll contraction in industries with a higher share of women workers like government also diluted overall gains for women in the month, Stahle said. Get this delivered to your inbox, and more info about our products and services. Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.

Men are losing ground in the labor market. Here's why
Europe
BBC Business

G7 to release millions of barrels of oil and diesel after Trump threat

Image source, PA MediaByArchie Mitchell and Lucy Hooker, Business reportersPublished2 October 2026Updated 7 hours agoThe G7 has announced 100 million barrels of oil and diesel will be released to ease supply concerns that have caused prices to skyrocket. It includes a "substantial release" of diesel within 20 days, with discussions around "additional diesel releases as necessary", G7 leaders said in a statement. The group of advanced economies, including the US, said the move would begin immediately and would last for four months. Under the measures, which come after US President Donald Trump had threatened to ban diesel exports, there will not be any "export restrictions on energy and energy products" between G7 members. The G7 includes the US, UK, Canada, Japan, Germany, Italy and France, with the EU also represented at its meetings. Donald Trump had warned he would ban diesel exports from the US if European countries did not agree to put more of their own stocks onto the market. That would have eased pressure on prices for US consumers ahead of November's midterm elections, but pushed up prices elsewhere. On Friday, he said on social media: "Europe has just agreed to release a massive amount of their heavily stocked Diesel Oil. The process will begin immediately." His Treasury Secretary Scott Bessent had argued US farmers, truckers, and businesses "should not be left carrying the burden" as prices soar. Speaking later at the White House, Trump said an export ban on diesel was "never really on the table". Referring to the decision by the G7 to release fuel from reserves, he added that "what Europe did was a great thing." "Europe has a lot of diesel and they're going to be making a major world contribution - and so are we," he said. "And we're not going to be doing the export ban, we're going to be doing what we're supposed to do."

G7 to release millions of barrels of oil and diesel after Trump threat
Asia
The Hindu BusinessLine

US lifts sanctions on Russian diesel sales until April 7, 2027, after Trump-Putin call

FILE PHOTO: The US has lifted sanctions on Russian diesel sales until April 7, 2027, following a conversation between Donald Trump and Vladimir Putin. Trump said Russia would supply millions of tonnes of diesel in phases as global fuel supplies tighten amid attacks on refineries. | Photo Credit: FRED GREAVES The US on Friday lifted sanctions on the sale of Russian diesel till April 7 next year. The announcement by the US Department of Treasury came minutes after US President Donald Trump spoke with Russian President Vladimir Putin and struck a deal to supply diesel to the American and global markets. “...all transactions prohibited by the Russian Harmful Foreign Activities Sanctions Regulations … that are related to the sale, delivery, offloading, or importation, including importation into the United States, of diesel fuel of Russian Federation origin are authorised through 12:01 am eastern daylight time, April 7, 2027,” the Treasury Department said. Earlier, Trump said Russia will immediately supply more than 300,000 tonnes of diesel, followed by 500,000 tonnes in November, and one million tonnes immediately thereafter. Russia will then deliver another 3 million tonnes of diesel based on the condition of Russia’s refineries, Trump said in a post on Truth Social. Diesel prices have surged around the world as Ukraine attacked Russian refineries, forcing Moscow to ban diesel exports. The attacks by Houthi militia on refineries in Saudi Arabia had further tightened fuel supplies. Trump is facing political pressure to take action to reduce fuel prices ahead of the November midterm elections. Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments. We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

US lifts sanctions on Russian diesel sales until April 7, 2027, after Trump-Putin call
Asia
The Hindu BusinessLine

Broker’s call: Gujarat Fluorochemicals (Buy)

We upgrade Gujarat Fluorochemicals (GFL) to a Buy (from Add) with a revised target price of ₹5,380 (up from ₹5,050), valuing the stock at 35x FY29E EPS. We like GFL’s strategic positioning, as the company enjoys a distinct first-mover advantage with the largest battery chemicals portfolio in India. GFL is capable of addressing 70 per cent of the total value (cost) requirement for LFP batteries, establishing the company as a critical player in the evolving non-Chinese global supply chain. GFL benefits immensely from its in-house access to critical HF, alongside its proven expertise in processing fluorine chemistry and managing high-temperature calcination. Having already established pilot-scale capacities, the company has spent the past four years navigating a steep learning curve. To factor in execution variables, we have compressed our target PE multiple to 35x (down from 40x) while integrating GFCL EV’s financial estimates into our consolidated projections. This implies that the CMP discounts the core chemical business efficiently but captures virtually nil optionality or value for the high-growth GFCL EV subsidiary, offering investors a highly favourable risk-reward entry point. Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments. We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

Broker’s call: Gujarat Fluorochemicals (Buy)
North America
CNBC Finance

Burger King is betting on local franchisees to fuel its U.S. comeback

When Jeremy Kline was 15, he started as a crew member at Taco Bell. In the decades since then, he worked his way up the restaurant industry to director of franchising for Burger King North America. These days, he is on the other side of the aisle as one of the burger chain's newest franchisees, after buying 16 locations in the Salt Lake City area in February. Kline is one of the new operators betting on Burger King as it embarks on a U.S. comeback. The burger chain is on track to sell about 200 company-operated restaurants to franchisees by the end of the year as part of a broader refranchising initiative, and buyers like Kline will be critical to the plan. Since late 2022, Burger King has embarked on a turnaround strategy focused on revamping its marketing, improving food quality and renovating restaurants. The comeback has already started to pay off; Burger King recently overtook Wendy's as the number two burger chain in the U.S., based on system sales. To accelerate the modernization of Burger King restaurants, its parent company Restaurant Brands International bought the chain's largest U.S. franchisee, Carrols Restaurant Group, in 2024 for roughly $1 billion. The Carrols deal added 1,023 company-owned locations to the 175 that Restaurant Brands already held at the time, largely acquired during franchisee bankruptcy sales as Burger King struggled before its turnaround. Restaurant Brands always planned to sell most of those restaurants back to smaller, local franchisees. Ultimately, Burger King wants to end up with about 300 company-operated restaurants; franchisees will run the rest of its more than 6,000 locations in the U.S. In other words, the future of Burger King rests on the shoulders of its franchisees at a time when slow traffic, elevated inflation and high interest rates make running a restaurant a challenging proposition. "A franchising contract is 20 years. The average marriage in the U.S. is 8.2. So you got to get it right," Burger King U.S. President Tom Curtis told CNBC. Over the last year, shares of Restaurant Brands have risen about 6%, lifted by strong international growth and green shoots for Burger King's U.S. comeback. For comparison, shares of rival McDonald's have tumbled 23% over the same period, although its market cap is still more than six times larger than Restaurant Brands'. In its latest quarter, Burger King reported domestic same-store sales growth of 8.5%, while McDonald's U.S. same-store sales rose just 0.8%. Refranchising the Burger King restaurants could help send Restaurant Brands' shares even higher. Selling off locations generates cash for the company. It also results in an asset-light model that typically means higher earnings for the chain and its parent company. And most importantly, franchisee-operated locations usually report better results than those run by a company because franchisees are personally invested in their success. "Getting these stores in the hands of better operators is a key part of the turnaround," TD Cowen analyst Andrew Charles said.

Burger King is betting on local franchisees to fuel its U.S. comeback