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The Foreign Currency Settlement System (FCSS) was introduced by Finance Minister Nirmala Sitharaman on Tuesday, October 7, in Gujarat’s GIFT City.

Speaking at Mumbai’s Global Fintech Fest 2025, Sitharaman stated that the FCSS would work to resolve problems with international transactions.

Tata Group Expresses Concern 

CNBC-TV18 Exclusive | Sources Say

The World Bank on Tuesday revised its growth outlook for India, raising the FY26 forecast to 6.5% from 6.3% due to strong public investment and resilient domestic demand.

However, it trimmed India’s FY27 forecast to 6.3%, warning that higher US tariffs on Indian exports could slow growth. The tariffs, imposed by US President Donald Trump, cover nearly three-quarters of Indian exports, including textiles, gems and jewellery, and seafood, impacting about $50 billion worth of goods.

The bank also raised its growth outlook for China, reflecting stronger-than-expected domestic and external demand.

Gautam Baid, Equity Advisor at Complete Circle Stellar Wealth PMS, said Windlas Biotech has a solid track record of profitability and growth.

He added, ” In the last 5 years, the topline CAGR for Windlas Biotech has been 18% and the bottomline CAGR has been 30%. So, given that it trades on a one year forward PE multiple of just 20 times, we find the valuations pretty attractive.”

He highlighted that the key risk remains intensifying competition in the fragmented domestic pharma contract manufacturing sector.

QIBs: 1.67x, Total 1.05x, Retail 0.53x as on 2:30 pm, Oct 7, 2025, the last day of offering

The World Bank has raised India’s gross GDP forecast for FY26 to 6.5%, up from the 6.3% projected in June.

For FY27, the bank has revised the GDP estimate downwards by 20 basis points to 6.3%.

LG Electronics India IPO Update

WeWork India IPO Update

The Nifty Bank index is up by over 300 points.

Sources indicate that Tata Trust trustees are in New Delhi to meet government officials. Tata Sons Chairman is also scheduled to meet government representatives later this evening.

Reports suggest that both the Trustees and the Chairman are likely to meet a Top Cabinet Minister during their visit.

Nifty back above 25,200

Market Watch: Shrikant Chouhan, Kotak Securities

Shares of Bengaluru-based microfinance institution CreditAccess Grameen Ltd. traded lower on Tuesday, October 7, after the company reported provisional numbers for the September quarter.

Disbursements rose 33% year-on-year in Q2 and 27% in the first half of FY26, but were down 2.3% sequentially. The company opened 150 new branches in H1 FY26, including 96 branches in Q2.

Canara HSBC Life Ins To CNBC-TV18

Dabur Q2 Update

Brokers seek the continuation of weekly options expiry, and exchanges are also likely to seek the continuation of weekly options expiry.

Expect consolidated revenue to grow in mid-single digits

Operating profit to grow almost in line with revenue

Anticipate revenue growth to regain momentum in the coming quarters

GST Impact

Segments

Only 42% of the ₹3,000 crore issue has been subscribed for on the last day of bidding in WeWork India Ltd.’s three-day IPO, indicating a muted response thus far.

Only 1.07 crore of the 2.54 crore shares that are up for grabs during the IPO have been bought on by investors.

In an official announcement on Tuesday, Jaguar Land Rover (JLR), a luxury automobile manufacturing division of Tata Motors Ltd., announced that it will resume a phased restart of manufacturing activities on October 8.

SEBI receives a large number of representations with respect to weekly options expiry, and brokers seek the continuation of weekly options expiry.

AIA Engineering arm secures $32.9 million order in Chile

Sacchitanand Uttekar, VP- Research (Derivatives & Technicals), Tradebulls

Tata JLR In a Statement 

WeWork India Ltd.’s three-day IPO has seen a subdued response, with only 17% of the ₹3,000 crore issue subscribed as of Day 3.

Investors have bid for just 42.7 lakh shares, against 2.54 crore shares on offer. Among 46.23 lakh shares allotted to retail investors, only 22.44 lakh shares have been subscribed so far. Retail investors can bid for one lot of 23 shares, requiring a minimum investment of ₹14,904 per lot.

The grey market premium (GMP) remains flat, reflecting muted market enthusiasm for the IPO.

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Hindustan Copper slips in trade, nearly 4% off highs

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