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Vol. I · No. 7Thursday, 1 October 2026 · Evening editionPrinted 5:01 PM IST

Frosty’s Ledger

All the news that’s free to read

‹ Previous edition20 publishers · 2,256 stories read · 90 printedAll editions
MarketsTap for chartsNifty 5022,421.95▼ 0.88%Sensex71,909.70▼ 0.79%Bank Nifty54,450.75▼ 0.33%USD/INR₹96.31▲ 0.28%Brent$100.64▼ 2.79%Gold$4,198▲ 0.26%S&P 5007,651.54▼ 0.25%US 10Y5.29%▲ 4 bp

Companies & Deals

Anup Kumar Saha to be next MD & CEO of Kotak Mahindra Bank; RBI clears appointment

Anup Saha, who joined the bank in January 2026, is currently Whole-time Director (Executive Director) of Kotak Mahindra Bank.

The Hindu·BS·Mint·BusinessLine·Reuters·Moneycontrol·+17 papers

World

"Terrorist or whack job": Trump on flydubai co-pilot after mid-air attack; calls Indian Captain Smit Machchhar a hero

US President Donald Trump communicated with Israeli Prime Minister Benjamin Netanyahu about an attack on flydubai flight FZ1073. During this incident, an Indian pilot, Captain Smit Machchhar, was stabbed by his co-pilot.

ET·Mint·BusinessLine·Fin. Express·Moneycontrol5 papers

Technology

Why has Google not released Gemini 4 Argon yet? New AI model's safety testing delays wider public access

Google has announced its new flagship AI model, but its access remains limited to selected cybersecurity defenders and internal teams only. The company is testing safety measures, gathering feedback and taking part in the US government’s voluntary pre-release process.

ET·Reuters·CNBC·Moneycontrol4 papers

Markets

Anarock Property Consultants files draft papers for ₹1,000 crore IPO

Real estate consultancy firm Anarock Property Consultants Ltd has filed draft papers with capital markets regulator Sebi to raise Rs 1,000 crore through an Initial Public Offering (IPO) to fund its technology push, business expansion and acquisitions.

BS·BusinessLine·ET3 papers

The Week Ahead

Times in IST
  1. Tmrw2OctMarkets closedNSE & BSE shut for Gandhi JayantiIN
  2. Tmrw2OctUS jobs reportSeptember payrolls · 6:00 PM ISTUS
  3. Wed7OctRBI policy decisionRate call after the 5–7 Oct MPC meeting · 10 AM ISTIN

The CFA & CA Lens

Today’s news, exam-style

CFA Level I

Fixed Income

The yield curve

In the news10-year Treasury yield hits highest level since 2002 as global bond rout gathers pace

The yield curve plots yields across maturities. When long-dated yields rise faster than short ones the curve steepens, often a sign of higher expected inflation or heavy government borrowing.

Exam angleKnow the three theories: pure expectations, liquidity preference and market segmentation. An inverted curve (short above long) has often come before recessions.

Economics

Fiscal deficits & crowding out

In the newsGross GST collections rise 14.7% to over ₹2.03 trillion in September

The fiscal deficit is how much more the government spends than it earns. Financing it means issuing bonds, which competes with companies for the same pool of savings.

Exam angleCrowding out: heavy government borrowing pushes up interest rates and can squeeze private investment.

Equity Investments

IPOs & the grey market

In the newsAnarock Property Consultants files draft papers for ₹1,000 crore IPO

An IPO is a company's first sale of shares to the public. The grey-market premium is an unofficial pre-listing price signal, not a promise of listing gains.

Exam anglePrimary market: the company raises new capital. Secondary market: investors trade existing shares and the company receives nothing.

CA · ICAI

CA Final · Financial Reporting

Revenue recognition

In the newsIndia's manufacturing PMI rises to 55.1 in September, hits 7-month high

Revenue is recognised when control of goods or services passes to the customer, not simply when cash arrives or a contract is signed.

Exam angleInd AS 115's five steps: identify the contract → performance obligations → transaction price → allocate it → recognise as each obligation is satisfied.

Markets

17 stories

Markets open lower as FII selling, high bond yields weigh on sentiment

The Sensex, which closed at 72,480.29 on September 30, opened at 72,192.89 on Thursday; Nifty 50, which closed at 22,620.45, opened at 22,543.70…

BusinessLine·Mint·ET·WSJ4 papers

Sensex today | Stock Market Highlights: Sensex falls 571 points, Nifty slips 0.88% as auto stocks drag markets

Sensex, Nifty, Share Prices Highlights: Indian equities ended lower on Thursday, weighed by losses in auto stocks, while the rupee weakened to a two-month low against the dollar.

BusinessLine

Economy & Policy

17 stories

India's fiscal deficit widens to ₹7.1 lakh crore, hits 41.9% of FY27 target by August

Fiscal deficit widened to ₹7.1 lakh crore by August, reaching 41.9% of the FY27 target, up from 38.1% in the year-ago period. The Centre has set a full-year deficit target of ₹16.96 lakh crore.

Mint·BS·BusinessLine·ET4 papers

Companies & Deals

17 stories

Hyundai Motor India records 'highest-ever' monthly sales in Sept at 77,916 units

Hyundai Motor India registered a total of 77,916 units sold in September 2026. This figure includes 57,166 units sold domestically, reflecting strong demand. Exports also showed growth, reaching 20,750 units during the same period.

ET·BS·BusinessLine3 papers

World

15 stories

US economy second quarter growth: GDP grows 2.2 percent as consumer spending and business investment rise

The US economy grew 2.2 percent in the second quarter from April to June, the Commerce Department announced recently. Consumer spending and business investment helped propel the growth of the economy. The large increases in imports cut into GDP growth.

ET·Reuters

US-Iran war news LIVE Updates: US to ‘blow up’ Iran? Trump hints at fresh strikes, says US faces a choice

US-Iran war news LIVE Updates: US President Donald Trump reportedly said the United States had lost 18 people in the Iran war, compared with about 4,500 US deaths in Iraq. “We lost 18 people, great people. Losing one is too many,” he said.

Mint

Technology

11 stories

US trade regulator opens investigation into AI giants including Anthropic and OpenAI

FTC move is first official US enforcement ⁠action on rogue AI agents, following surge in incidents first reported in July The US’s main trade regulator is conducting an industry-wide investigation ⁠into Anthropic, OpenAI and other ⁠AI labs ​to uncover the potential…

Guardian·Reuters·ET·WSJ4 papers

Opinion

5 stories

Subscriber Desk

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The Wall Street Journal

Financial Times

Bloomberg

The Economist

The New York Times

MarketWatch

Markets · daily closes

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