In a bid to strengthen its market leadership in BEVs, Tata Motors is exploring the feasibility of a BaaS model for some of its product lines, according to sources aware of development. Expected to be offered in electric variant of Tiago, Punch, Tigor, Nexon and other models, battery rental option for consumers is expected to bring down ex-showroom prices of its BEVs by 25-30%, claimed sources.

Mirae Asset Mutual Fund has introduced the Mirae Asset Nifty Total Market Index Fund, an open-ended scheme that replicates the Nifty Total Market Total Return Index. This innovative fund provides broad market coverage by offering exposure to 750 companies across various market capitalisation segments. The fund is designed to reflect the entire spectrum of India’s equity market.

Mid-market private equity firm Ascent Capital, which counts BigBasket, MyGlamm, Fresh2Home and Acko among its portfolio, has secured commitment from a new limited partner (LP) for its latest fund, VCCircle has gathered.  The PE firm had started seeking commitments for the new fund early this year and plans to raise Rs 2,000 crore ($240 million).

The Nifty 50 decisively broke the psychological 25,000 mark on October 7, marking a negative start for the week, as bears continue to strengthen their position in the equity markets. All sectors, except IT, participated in the correction. Given the continuation of lower highs and lows, weakening momentum indicators, and rising volatility, if the index fails to defend 24,750 on a closing basis.

Shares of Pfizer (PFE) are rising in premarket trading Monday following a report that activist investor Starboard Value has taken a roughly $1 billion stake in the struggling drugmaker. According to The Wall Street Journal, Starboard has approached Ian Read, a former Pfizer chief executive, and ex-finance chief Frank D’Amelio to aid its plans to improve the company's performance.

Gold held steady as traders pared expectations of Federal Reserve interest-rate cuts in the wake of stronger-than-expected US jobs data. Bullion traded near $2,660 an ounce, continuing to tread water below a recent record high. Key US Treasury yields are back at 4% after Friday’s blowout US jobs numbers undercut chances of a big rate reduction by the Fed in November.

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Amid global market uncertainty, Pakistan’s stock market is defying the odds. The Pakistan Stock Exchange (PSX) extended its record-breaking rally on Monday (October 7), with the benchmark KSE-100 index surpassing 84,000 points during intra-day trading. This remarkable surge is in stark contrast to the downturn seen in global markets, which are grappling with fears of a recession.

📌US stock futures retreated on Mon as investors overhauled their views on interest-rate cuts after a blowout jobs report. 📌Dow Jones Industrial Average futures (YM=F) fell 0.4%, after notching a fresh record high as stocks soared to close week. 📌Traders have abandoned last week's bets on a 0.50% rate cut in Nov & now see an 88% chance of a 0.25% move, according to the CME FedWatch Tool.

A widely followed crypto analyst says that one meme asset that has seen a 300x surge in under a year is on the brink of sparking another major rally. Pseudonymous crypto trader Altcoin Sherpa tells his 223,600 followers on the social media platform X that memecoin Popcat (POPCAT) looks incredibly bullish after taking out its last true resistance at $1.

Online food delivery application Zomato’s Chief Executive Officer (CEO), Deepinder Goyal, on Sunday, October 6, shared his experience of being a delivery partner executive for a day and highlighted that malls need to be more humane to the agents. The executive also said that Zomato needs to work more closely with malls to improve the working conditions of all delivery partners.

The BRICS alliance is reportedly considering a new "petroyuan" in its latest move to compete with the world dollar hegemony. BRICS, which was originally launched as a coalition of Brazil, Russia, India, China and South Africa, has since welcomed several other countries into its union and is looking at taking its next steps at a summit in Kazan, Russia, next month.

An analyst who correctly called Bitcoin's pullback earlier this year is unveiling his most bearish scenario for BTC. Rekt Capital warns that a drop below $60,000 could trigger a capitulation event, but notes that the resulting fear and uncertainty would create a buying opportunity for long-term investors, as history suggests the bull market cycle will continue with a potential rally to $70,000.

Airbus will increase sourcing of components from India, which offers plenty of opportunities, according to the aircraft maker's CEO Guillaume Faury. The European major, which has bagged huge aircraft orders from IndiGo and Air India, doubled its sourcing of components and services from India to 1 billion euros during the period from 2019-2024, he said.

According to Benjamin Cowen, ETH/BTC is in the process of bottoming out, but he forecasts that Bitcoin Dominance (BTC.D), which compares the market cap of Bitcoin to that of all digital assets, will continue to go up, potentially topping out at the 60% level. Before BTC.D tops out, Cowen says many altcoins will capitulate against Bitcoin.