Gaza ceasefire, Indian refiners eye more Russian oil, China tightens rare earth exports, and more

Israel and Hamas agree to ceasefire in Gaza and return of hostages

Israel and Hamas said they had agreed to a long-awaited ceasefire and hostage deal, the first phase of U.S. President Donald Trump’s plan to end a war in Gaza that has killed more than 67,000 people and reshaped the Middle East.

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British Prime Minister Starmer, for example, turns to India for the British digital identification project

Keir Starmer met with a key architect of India’s digital ID program, as the British prime minister sought advice on implementing a similar system in the UK. Starmer spoke to Nandan Nilekani, co-founder of Infosys Ltd, widely credited with implementing India’s single identity card in 2009, on Wednesday (October 8) as part of his two-day visit to Mumbai.

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Indian refiners could buy more Russian oil as discounts deepen

Indian refiners are expected to increase their oil imports from Russia in the coming months as trade talks with Washington drag on and discounts widen amid plentiful supplies. Urals crude November loading discounts are $2-$2.50 per barrel over dated Brent, making it attractive.

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China tightens exports of rare earths and related technologies

China announced it was tightening exports of rare earth technologies, widening restrictions that had been a source of tension between Beijing and Washington. Technologies related to the extraction of rare earth minerals, the manufacture of magnets and the recycling of rare earths are prohibited from export unless authorized.

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SoftBank’s Graphcore plans $1.3 billion chip investment in India

Graphcore, the British chip designer owned by SoftBank Group Corp., plans to announce a £1 billion ($1.3 billion) investment program in India, which includes a new research center. The announcement is planned as part of a British business delegation joining Prime Minister Keir Starmer on a trip to India this week, sources familiar with the matter said.

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Saatvik Green Energy shares jump 10% following first quarter results; Refuel by 25% in six sessions

Shares of newly listed Saatvik Green Energy Ltd. are stuck in a 10% upper circuit on Thursday, October 9, in response to its June quarter results that it released after market hours on Wednesday. This is the first quarterly result published by the company since its listing on September 26. It also marked the sixth straight day of gains for the stock, during which it rose 25%.

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LG Electronics India GMP IPO remains close to ₹300 as subscription opens for final day

LG Electronics India has opened bidding for the final day of its three-day initial public offering, the third largest the Indian market has seen in 2025 so far. The ₹11,607-crore IPO saw strong investor interest in the first two days, with the issue being fully subscribed on the first day of the offering itself.

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Sresan Pharma owner S Ranganathan arrested over 21 child deaths linked to cough syrup

Madhya Pradesh police have arrested Sresan Pharmaceutical owner S Ranganathan in Tamil Nadu in a case related to the now-banned cough syrup, which is believed to be linked to the deaths of at least 20 children. Ranganathan was arrested from Chennai on October 8.

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Lupine shares jump more than 3% on plans to invest $250 million for new U.S. facility

Shares of drugmaker Lupine Ltd. gained more than 3% on Thursday, October 9, after the company announced plans to establish an advanced pharmaceutical manufacturing facility in Coral Springs, Florida, in an effort to improve U.S. production of critical respiratory medications.

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Netweb Tech shares fall 5% as profit accounting begins after record rise

Shares of Netweb Technologies Ltd., a recent outperformer, fell 5% on Thursday, October 9. The stock is recording earnings at higher levels after rising 41% over the past month. Earlier today, Netweb announced a partnership with Bengaluru-based Bud Ecosystem to jointly develop localized and affordable AI infrastructure solutions for India.

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Heavy showers are likely in southern states; monsoon recedes from parts of Gujarat, MP and UP

The Indian Meteorological Department (IMD) on Thursday (October 9) issued contrasting weather advisories for different parts of the country. As the monsoon retreats from the northwestern and central states, the southern states continue to be hit by the remnants of Cyclone Shakti and are therefore bracing for heavy rains.

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