Gold prices continued their upward trend, with 18-carat (18K) gold now priced at Rs 9,644 per gram, excluding 3% GST and making charges, according to the India Bullion and Jewellers Association (IBJA). This means buyers must now pay around Rs 96,440 for 10 grams of 18K gold. Just a few days ago, on 3rd October 2025, the rate stood at Rs 9,473 per gram, highlighting a steady rise in gold prices amid changing global and domestic cues.
The Trump administration has issued a stark warning that mass layoffs of federal workers may commence if negotiations with congressional Democrats to resolve the ongoing partial government shutdown continue to stall. A senior White House official stated on Sunday that such action would be considered if discussions are deemed “absolutely going nowhere.”
President Donald Trump commemorated the U.S. Navy’s 250th anniversary with a spirited rally-style event in Norfolk, Virginia, on Sunday, October 5, 2025. Despite the ongoing government shutdown, which has left military personnel working without pay, Trump delivered remarks that resembled a campaign rally, energizing the crowd of approximately 10,000 sailors.
NYKAA Q2 BIZ
Nykaa Reports Strong Q2 FY26 Momentum; GMV Growth Nearing 30% Driven by Beauty & Fashion
Robust Growth: Consolidated GMV growth expected close to 30% YoY, led by strong traction in Beauty and Fashion verticals.
Beauty Vertical: Continues strong double-digit growth with support from brands like Dot & Key, Kay Beauty, and Nykaa Cosmetics.
Fashion Vertical: NSV growth in higher mid-20s, net revenue growth improving to low 20s on better brand assortment and customer acquisition.
JPMorgan on Avenue Supermarts – Maintain Neutral | Target ₹4,350
Q2 revenue growth of 15% may weigh on near-term stock performance; revenue 2% below street expectations. Store expansion pace steady.
As discussed in the previous report dated 29th September 2025, market behaviour remained on expected lines during the week. Nifty began the week with a bearish tone but buyers regained control in the second half, taking it up to the resistance of 24913, making a high of 24904.80.
Shera Energy expands global footprint with new subsidiary in Ethiopia.
Emerald Finance partners with EBIX Payment Services, Mumbai and Techfund Invest & Consult Pvt. Ltd., Bangalore to offer Early-Wage-Access program to employees.
FlySBS Aviation to induct first of six dry-leased 7-seater aircraft with commercial operations expected Q3FY26.
Harshil Tomar, co-founder of the Indian startup Dreamlaunch, turned a career setback into a major entrepreneurial milestone after being fired from his remote US job earlier this year. In March 2025, Tomar was dismissed due to his increasing focus on Dreamlaunch, a decision he initially kept from his family to avoid worrying them.
In a significant diplomatic development, Prime Minister Narendra Modi praised US President Donald Trump’s leadership in advancing peace in Gaza. In a post on X, Modi said, “We welcome President Trump’s leadership as peace efforts in Gaza make decisive progress. Indications of the release of hostages mark a significant step forward.” He added that India would continue to strongly support all efforts towards a durable and just peace.
In a major development toward peace in Gaza, US President Donald Trump announced that Israel has agreed to an “initial withdrawal line” which has been shared with Hamas. According to Trump, once Hamas formally confirms, a ceasefire would kick in immediately—and prisoner exchanges would begin.
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