You’re reading the edition of Tuesday, 6 October 2026. Today’s paper →
Vol. I · No. 12Tuesday, 6 October 2026 · Evening editionPrinted 5:02 PM IST

Frosty’s Ledger

All the news that’s free to read

‹ Previous edition20 publishers · 2,225 stories read · 90 printedAll editions
MarketsTap for chartsNifty 5022,776.10▲ 0.98%Sensex73,067.81▲ 0.95%Bank Nifty55,128.40▲ 0.76%USD/INR₹96.42▲ 0.10%Brent$98.36▼ 1.95%Gold$4,192▲ 0.85%S&P 5007,773.95▲ 0.66%US 10Y5.31%▲ 3 bp

Economy & Policy

World Bank raises India growth forecast to 7.1% for FY27 on strong demand

The region's governments have responded more aggressively than peers elsewhere as the US-Iran war drove global prices up, and they've relied more heavily on subsidies…

BS·Mint·BusinessLine·Fin. Express·Moneycontrol·ET6 papers

The Week Ahead

Times in IST
  1. Tmrw7OctRBI policy decisionRate call after the 5–7 Oct MPC meeting · 10 AM ISTIN
  2. Mon12OctIndia inflation (CPI)September figures · 4 PM ISTIN
  3. Wed14OctIndia wholesale prices (WPI)September figures · 12 noon ISTIN

The CFA & CA Lens

Today’s news, exam-style

CFA Level I

Economics

Fiscal deficits & crowding out

In the newsWorld Bank raises India growth forecast to 7.1% for FY27 on strong demand

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.

Corporate Issuers

Mergers & synergies

In the newsUnion Cabinet approves ₹10,000 crore commitment to SME Growth Fund

In an acquisition, the buyer is betting the combined business is worth more than what it pays, through cost savings or new growth: the synergies.

Exam angleSynergy = V(combined) − [V(acquirer) + V(target)]. Pay a premium bigger than the synergies and the value goes to the target's shareholders.

Equity Investments

IPOs & the grey market

In the newsJio Platforms is said to seek about $114 billion valuation in 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 · Advanced Financial Management

Hedging currency risk

In the newsRupee slips 4 paise to 96.39 against US dollar in early trade

Exporters and importers use forward contracts to lock in today the exchange rate they'll get when the payment actually arrives.

Exam angleForward rate by interest rate parity (direct quote): F = S × (1 + r_home) ÷ (1 + r_foreign). An exporter hedges by selling dollars forward.

CA Final · Financial Reporting

Share issue costs in an IPO

In the newsMcDonald's supplier HyFun plans ₹2,000 crore IPO by 2028 as demand rises

An IPO's costs — bankers, lawyers, listing fees — don't all hit the profit and loss account.

Exam angleInd AS 32: costs of issuing new shares are deducted from equity; costs of listing existing shares are expensed. Shared costs are split between the two.

CA Inter · Taxation

GST & input tax credit

In the newsGST Council meeting rescheduled again, to take place on October 8

GST is collected at every stage of the supply chain, but each business claims credit for the GST it paid on its inputs, so tax falls only on the value it adds.

Exam angleCredit needs a valid tax invoice, receipt of the goods or services, the tax actually paid to the government by the supplier, and the buyer's return filed.

Markets

17 stories

Economy & Policy

17 stories

Will RBI Hike Repo Rate For First Time Since 2023? Why October Policy Could Mark A Hawkish Turn

If delivered, the hike would be the RBI's first since February 2023 and take the repo rate up from 5.25%, where it has remained for nearly 10 months. The MPC had cut the repo rate by a cumulative 125 basis points in 2025, from 6.50% to 5.25%.

NDTV Profit

Companies & Deals

17 stories

Ahead of US midterms, Trump signs executive order to expand access to tax-exempt diesel: What we know

US President Donald Trump has signed an executive order expanding access to tax-exempt diesel as record fuel prices pose a political risk ahead of the November midterm elections, which will determine control of Congress.

Mint·Reuters

World

15 stories

Saudi Arabia, Turkey and Pakistan activate Makkah pact amid Houthi attacks: Is this NATO of the Middle East?

Saudi Arabia, Turkey and Pakistan have activated the Makkah defence pact amid renewed Houthi attacks. Touted as a “Muslim NATO”, the pact faces questions over whether its members share enough strategic interests for a NATO-style collective response.

Mint·Fin. Express

Technology

11 stories

Opinion

5 stories

Subscriber Desk

Behind a paywall — headline and summary only

The Wall Street Journal

Financial Times

Bloomberg

The Economist

The New York Times

MarketWatch

Premium stories from other papers

Markets · daily closes

Show the numbers
DateCloseChange

Closing prices from Yahoo Finance. More on Yahoo Finance ↗