RBI should opt for 25bps repo rate cut, says SBI

**RBI Should Opt for 25bps Repo Rate Cut, Says SBI**

*By Dwaipayan Roy | Sep 28, 2025, 04:49 PM*

A recent report by the State Bank of India (SBI) has recommended a 25 basis points (bps) cut in the repo rate ahead of the upcoming Reserve Bank of India (RBI) monetary policy meeting. This suggestion comes amid expectations of benign inflation in the near term.

However, despite SBI’s recommendation, most economists anticipate that the Monetary Policy Committee (MPC) will maintain the status quo when it announces its decision on October 1.

### Rate Reduction: The ‘Best Possible Option’

The SBI report describes a 25bps rate cut as the “best possible option” for the RBI at this stage. Earlier this year, the central bank had already slashed the key short-term lending rate (repo) by 100bps in three installments since February, responding to a decline in consumer price index (CPI)-based inflation.

Nevertheless, some experts believe the MPC may opt to hold the current rates steady during the upcoming policy review, weighing various economic factors.

### Upcoming MPC Meeting

The MPC, headed by RBI Governor Sanjay Malhotra, will convene from October 1 to 3 to discuss the policy rate. This meeting takes place against a backdrop of ongoing geopolitical tensions and recent US-imposed 50% tariffs on Indian shipments.

In its August bi-monthly monetary policy review, the central bank chose to keep rates unchanged, carefully assessing how these external factors might impact India’s economy.

### Expectations and Economic Outlook

Aditi Nayar, Chief Economist at ICRA, noted that GST rationalization could reduce headline CPI inflation by 25-50 basis points during Q3 FY2026 and Q2 FY2027. She also expects that October-November 2025 could mark a new low for CPI inflation, although an upward trend may resume afterward.

Meanwhile, Dharmakirti Joshi of Crisil Limited expects a repo rate cut as early as October, citing lower-than-expected inflation numbers and sustained strong demand.

As the MPC meeting approaches, all eyes will be on the RBI’s decision and its implications for India’s monetary policy trajectory.
https://www.newsbytesapp.com/news/business/sbi-recommends-25bps-repo-rate-cut-for-upcoming-rbi-mpc/story

Pune Crime: Techie Beats Father-In-Law In Hinjawadi After He Refuses To Withdraw Domestic Violence Case

**Man Assaults Retired Father-in-Law Over Domestic Violence Case in Pune’s Hinjawadi**

Pune, Pimpri-Chinchwad: On Friday night, a man allegedly assaulted his retired 62-year-old father-in-law in the Hinjawadi area of Pune. The motive behind the attack was the accused’s demand that the senior citizen pressure his daughter—who is also the accused’s wife—to withdraw a domestic violence case she had filed a few months ago.

Swamirao Bappaji Jagtap (62) of Wakad lodged a complaint with the Hinjawadi Police Station. Following the complaint, a case has been registered against Sandesh Pundalik Jadhav (40) of Tathawade. The accused has been booked under relevant sections of the BNS for physical assault.

According to police reports, Jadhav married Jagtap’s daughter several years ago. After the marriage, he reportedly subjected her to constant physical abuse and suspected her character. Following years of suffering, the woman confided in her father about the domestic violence. In response, Jagtap took his daughter with him and encouraged her to file a legal complaint against her husband.

A police official detailed, “The accused works in the IT sector in Hinjawadi and has previously displayed aggressive behavior in public. His wife had earlier alleged domestic violence not only by him but also by his family. Recently, he visited his father-in-law’s home demanding that his daughter be sent back to him or that a divorce be granted. When the father refused and stood up for his daughter, the accused physically assaulted and verbally abused him. The senior citizen sustained minor injuries.”

Senior Police Inspector Balaji Pandhare, in charge of Hinjawadi Police Station, informed The Free Press Journal, “A case has been registered based on the complaint. The complainant has alleged domestic abuse of his daughter. We have initiated an investigation and are looking into the matter further.”

The police have assured strict action will be taken as the case progresses.
https://www.freepressjournal.in/pune/pune-crime-techie-beats-father-in-law-in-hinjawadi-after-he-refuses-to-withdraw-domestic-violence-case

Market cap of India’s top 10 firms down ₹2.99L crore

**Market Cap of India’s Top 10 Firms Drops by ₹2.99 Lakh Crore**
*By Dwaipayan Roy | Sep 28, 2025, 03:12 PM*

The combined market capitalization of India’s top 10 most valued companies suffered a massive setback last week, plummeting by ₹2.99 lakh crore. This sharp decline mirrored a broader bearish trend across the equity markets, with IT giant Tata Consultancy Services (TCS) bearing the brunt of the losses.

The BSE benchmark index also declined significantly during this period, dropping by 2,199.77 points, or 2.66%.

### Major Valuation Drops Among Top Firms

TCS witnessed the largest fall in market capitalization, declining by ₹97,597.91 crore to stand at ₹10,49,281.56 crore. Reliance Industries followed with a drop of ₹40,462.09 crore, bringing its valuation down to ₹18,64,436.42 crore. Infosys also saw its market cap shrink by ₹38,095.78 crore, now valued at ₹6,01,805.25 crore.

### Banking Sector Hit Hard

The banking sector was not spared, as both HDFC Bank and ICICI Bank experienced significant losses. HDFC Bank’s market cap plunged by ₹33,032.97 crore to ₹14,51,783.29 crore. ICICI Bank’s valuation also dipped by ₹29,646.78 crore, settling at ₹9,72,007.68 crore.

### Additional Declines Across Key Companies

Bharti Airtel’s valuation fell by ₹26,030.11 crore, while the Life Insurance Corporation of India (LIC) saw its market cap reduce by ₹13,693.62 crore to ₹5,51,919.30 crore.

Hindustan Unilever’s market capitalization dropped by ₹11,278.04 crore, reaching ₹5,89,947.12 crore. Bajaj Finance’s valuation declined by ₹4,977.99 crore, from ₹6,12,914.73 crore previously. Finally, the State Bank of India (SBI) experienced a dip of ₹4,846.07 crore, bringing its market cap to ₹7,91,063.93 crore as of the latest data.

Overall, the significant fall in valuations among India’s leading firms highlights the ongoing challenges in the equity markets and reflects investor caution amid prevailing economic conditions.
https://www.newsbytesapp.com/news/business/a-look-at-market-cap-of-india-s-top-10-companies/story

Laura Loomer slams Jewish politicians for observing Rosh Hashanah during UNGA

Laura Loomer Slams Jewish Politicians for Observing Rosh Hashanah During UNGA

Laura Loomer criticized Jewish politicians for taking time off to observe Rosh Hashanah during the United Nations General Assembly (UNGA). According to Loomer, “If you really care about something, you have to push your time off aside and you need to work.”

Loomer made these remarks while attending the event ahead of Donald Trump’s debate with Democratic presidential nominee Joe Biden and Kamala Harris in Philadelphia, Pennsylvania, on September 10, 2024.

Photo credit: Eduardo Munoz/Reuters

https://www.jpost.com/diaspora/article-868841

Market cap of India’s top 10 firms down ₹2.99L crore

**Market Cap of India’s Top 10 Firms Down by ₹2.99 Lakh Crore**

*By Dwaipayan Roy | Sep 28, 2025, 03:12 PM*

The combined market capitalization of India’s top 10 most valued companies took a significant hit last week, plunging by ₹2.99 lakh crore. This decline was largely in line with the bearish trend observed across equities, with IT giant Tata Consultancy Services (TCS) leading the downward momentum.

During the same period, the BSE benchmark index also experienced a sharp fall, losing 2,199.77 points or 2.66%.

**Valuation Declines Among Industry Leaders**

TCS faced the steepest loss with its market capitalization falling by ₹97,597.91 crore, bringing its valuation down to ₹10,49,281.56 crore. Reliance Industries followed with a decline of ₹40,462.09 crore, settling at ₹18,64,436.42 crore.

Infosys was not spared either, witnessing a drop of ₹38,095.78 crore from its previous market cap of ₹6,01,805.25 crore.

**Banking Sector Impact**

The banking sector also saw considerable losses. HDFC Bank’s market cap tumbled by ₹33,032.97 crore to ₹14,51,783.29 crore, while ICICI Bank’s valuation decreased by ₹29,646.78 crore, now standing at ₹9,72,007.68 crore.

**Other Notable Losses**

Bharti Airtel’s market capitalization fell by ₹26,030.11 crore, and Life Insurance Corporation of India (LIC) saw a decrease of ₹13,693.62 crore, bringing its market cap down to ₹5,51,919.30 crore.

Hindustan Unilever’s valuation dropped by ₹11,278.04 crore to ₹5,89,947.12 crore. Bajaj Finance also experienced a decline of ₹4,977.99 crore from its previous ₹6,12,914.73 crore.

Finally, the State Bank of India’s (SBI) market capitalization dipped by ₹4,846.07 crore to ₹7,91,063.93 crore.

Overall, the corrections across these top companies reflect the cautious sentiment prevalent in the markets during this period.
https://www.newsbytesapp.com/news/business/a-look-at-market-cap-of-india-s-top-10-companies/story

1,869% rally in 5 years! Do you own this stock?

**1,869% Rally in 5 Years! Do You Own This Stock?**
*By Dwaipayan Roy | Sep 28, 2025, 04:49 PM*

**What’s the Story?**

Cupid Limited has delivered stellar returns of over 244% in just six months and an astounding 1,869% over five years, making it a stock to watch in the upcoming trading session on Monday. The company’s Chairman and Managing Director, Aditya Kumar Halwasiya, recently announced that the second quarter of FY26 is set to be the best quarter in Cupid’s history.

This optimistic outlook is driven by new product launches, accelerating momentum in the FMCG vertical, and a strong pipeline of institutional orders.

**Financial Growth**

Cupid Limited reported a total income of ₹203.18 crore during the financial year, with a net profit of ₹40.89 crore. A significant contributor to this success is the rapid growth in the company’s B2C FMCG segment, which generated over ₹50 crore in revenue within just one year.

This growth was made possible by a vast distribution network spanning 1.2 lakh retail outlets across India, enabling strong consumer connect and significant expansion of market presence.

**Strategic Shift**

Chairman Halwasiya emphasized Cupid’s transformation from a traditional contraceptive company to a consumer wellness and health-tech leader. He highlighted the company’s focus on sustainable growth, global expansion, and innovation.

Cupid Limited aims to make personal care and preventive healthcare accessible to all, aligning its future strategy with evolving market demands and expanding consumer needs.

Stay tuned as Cupid Limited continues its remarkable journey, positioning itself as a key player in the consumer wellness and health-tech domains.
https://www.newsbytesapp.com/news/business/cupid-limited-to-report-best-ever-quarter-stock-up-244/story

Forty-seven Democrats sign letter calling for US to recognize a Palestinian state

**Forty-Seven Democrats Call on U.S. to Recognize Palestinian State**

A group of 47 Democratic lawmakers, led by Representative Ro Khanna (D-CA), has signed a letter urging President Trump and Senator Marco Rubio to support the recognition of a Palestinian state. This move highlights growing calls within the Democratic Party to advance Palestinian statehood as part of efforts to achieve a lasting peace in the region.

In addition to this letter, some lawmakers have proposed an alternative approach involving an Arab League-led peace deal, emphasizing the need for broader regional cooperation.

Representative Ro Khanna was recently seen walking ahead of a vote in the U.S. House of Representatives on a stopgap spending bill aimed at averting a partial government shutdown scheduled to begin on October 1. The vote took place on Capitol Hill in Washington, D.C., on September 19, 2025.

*Photo Credit: Reuters/Kent Nishimura*

By MICHAEL STARR
https://www.jpost.com/diaspora/article-868836

Leila Barros fulfills loyal PH fans’ ‘childhood dreams’

MANILA, Philippines — Two decades later, many Filipino volleyball fans still consider Leila Barros as their volleyball queen.

The Brazilian superstar’s loyal supporters got to meet their idol again 21 years since her last stint in Manila during the 2004 FIVB World Grand Prix.

READ: Leila Barros tells PH volleyball fans: Cheer, trust your team

https://sports.inquirer.net/642165/leila-barros-fulfills-loyal-ph-fans-childhood-dreams

China ‘nanoseconds behind’ US in chip technology: Jensen Huang

**China ‘Nanoseconds Behind’ US in Chip Technology, Says NVIDIA CEO Jensen Huang**

*By Dwaipayan Roy | Sep 28, 2025*

Jensen Huang, CEO and founder of US-based chipmaker NVIDIA, recently stated that China is “nanoseconds behind” the United States in chip technology. He shared these insights during a podcast hosted by tech investors Brad Gerstner and Bill Gurley, highlighting both the rapid progress China has made and its strong manufacturing capabilities.

### Global Competition and Market Dynamics

Huang emphasized the importance of allowing US companies like NVIDIA to compete within the Chinese market. He argued that such competition would benefit both Beijing and Washington by spreading technology globally and enhancing America’s economic success and geopolitical influence.

China’s vast talent pool, strong work ethic, and healthy internal competition among its provinces contribute to its impressive advancements in chip technology, according to Huang.

### Investment Prospects in China

The NVIDIA CEO expressed hope that China remains open to foreign investment. He noted that Beijing has committed to maintaining an “open market,” and stressed that allowing foreign companies to invest and compete in China serves the country’s best interests by fostering vibrant competition.

### Market Challenges for NVIDIA

NVIDIA’s graphics processing units (GPUs) form the backbone of artificial intelligence (AI) model training and operation, driving the company’s market capitalization to record levels. However, geopolitical tensions have disrupted sales to China, one of the world’s largest markets.

Earlier this year, the US government abruptly banned exports of the H20 chip—a downgraded version designed to comply with restrictions—but later eased this ban after a 15% levy was agreed upon with the US authorities.

Jensen Huang’s remarks underscore the intricate balance between competition, cooperation, and geopolitical considerations shaping the future of chip technology in the global arena.
https://www.newsbytesapp.com/news/science/here-s-what-jensen-huang-thinks-about-china-s-chip-industry/story

In the picture

**The Lost Bus (2023) Review**

*Starring:* Matthew McConaughey, America Ferrera, Kay McCabe McConaughey, Levi McConaughey, Ashlie Atkinson, Yul Vazquez
*Directed by:* Paul Greengrass

There are very few filmmakers as skilled at making gripping docudramas as Paul Greengrass. Beyond the action-heavy *Bourne* sequels, Greengrass has consistently leaned into portraying real-life events with a dramatic touch. His most celebrated work, *Captain Phillips*, is a tense thriller recounting the 2009 Maersk Alabama hijacking, where Captain Richard Phillips was kidnapped by Somali pirates. While the subject matter is weighty, the film is also immensely entertaining.

Greengrass’s other films depicting real-life tragedies—such as *Bloody Sunday*, *United 93*, and *22 July*—are highly effective but often feel almost too excruciating to watch due to their heavy emotional weight.

His latest film, *The Lost Bus*, based on Lizzie Johnson’s non-fiction book *Paradise: One Town’s Struggle to Survive an American Wildfire*, teams him once again with Oscar-winner Matthew McConaughey and America Ferrera. The movie tells a harrowing but ultimately heroic true story that took place during the 2018 Camp Fire in Northern California, the deadliest wildfire in the state’s history.

Though as intense as many of Greengrass’s other films, *The Lost Bus* stands out as his most hopeful movie to date. Instead of focusing on humanity’s darkest moments, Greengrass highlights some of the best.

Much like in his previous works, Greengrass narrows the focus to a particular point of view. *The Lost Bus* centers on Kevin McKay (McConaughey), a single father and high school dropout living in the small mountain town of Paradise, California. Kevin struggles to care for his ailing mother, Sherry (Kay McCabe McConaughey), while maintaining a tumultuous relationship with his teenage son Shaun (Levi McConaughey).

To provide for his family, Kevin works as a school bus driver but frequently clashes with his supervisor, Ruby (Ashlie Atkinson), who consistently fails to give him enough shifts. On one particularly rough day—hours after having to put his beloved dog down—Kevin receives a distress call that 23 school children and their teacher, Mary Ludwick (America Ferrera), have been stranded amid a rapidly spreading wildfire.

As Kevin embarks on a treacherous rescue mission, he also receives a call from Sherry: Shaun has suddenly fallen seriously ill and is demanding to return home to his mom. The tension escalates as Kevin, Mary, and the schoolchildren navigate through the wildfire in an intense, albeit occasionally hollow, survival story that is at its best when building suspense.

Paul Greengrass excels at depicting the real stakes without the movie ever feeling superfluous or sanitized. By incorporating real-life footage, viewers get a genuine sense of the danger Kevin and Mary face. However, whenever the film shifts away from the chaos and focuses on those outside the fire, the story loses some of its grip.

Kevin and Mary have enough depth to make them compelling characters, but other figures, like Ruby, Fire Chief Ray Martinez (Yul Vazquez), and the worried parents, feel underdeveloped.

While *The Lost Bus* may not immerse the audience as deeply as films like *Captain Phillips* or *United 93*, it constantly keeps viewers at the edge of their seats—especially fitting for this streaming release.

Speaking of streaming, one of the biggest drawbacks for *The Lost Bus* is its direct-to-Apple TV+ release rather than a full theatrical run. Though Greengrass has previously worked with streamers (*22 July* on Netflix), this film heavily relies on its visuals, and its intensity resonates best in a theater or on a high-quality TV setup.

Despite some of the film’s predictable conventions, McConaughey and Ferrera’s performances elevate the material. McConaughey feels wholly believable as Kevin—neither a saint nor caricatured Texan—and delivers a grounded, understated performance. Ferrera, continuing her post-*Barbie* winning streak, brings humanity and presence to her role as Mary, making her memorable even when the script doesn’t provide her as much depth as Kevin’s character.

*The Lost Bus* is somewhat more hopeful and uplifting compared to Greengrass’s other films but still plays to his strengths—sometimes to a fault. At just over two hours, certain scenes, including a subplot involving the Fire Marshal, feel like they could be trimmed. While the film establishes the severity of the situation, it also tries to show every angle, leading to underdeveloped side characters and narrative threads.

Brad Ingelsby’s screenplay is strong, but the emotional beats occasionally miss their mark. The fiery set pieces are spectacular, yet when only one of the 23 children on the bus is fleshed out, it raises the question: do we really care about the others? The movie seems more focused on dialogue regarding the fire’s cause and delivering a well-intentioned environmental message—a crucial theme, no doubt—but one that becomes somewhat repetitive.

**Conclusion**

*The Lost Bus* is a gripping, intense survival drama grounded in real events, bolstered by solid performances from McConaughey and Ferrera and Paul Greengrass’s signature directing style. While it may lack some narrative depth and would benefit from a theatrical viewing experience, the film offers an urgent, hopeful story about heroism and resilience in the face of disaster.

*Courtesy: Collider.com*
https://www.thenews.com.pk/tns/detail/1346806-in-the-picture

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