_Markets open today · RBI MPC decision due Wed 7 Oct_
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📊 *ECONOMY & POLICY*
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🏦 *GST Council eyes sweeping process reforms*
GST 2.0 proposals for Wednesday’s meeting aim to simplify registration and return filing, make goods movement more predictable and cut taxpayer-department disputes.
Lower compliance friction and fewer disputes help MSMEs and mid-caps, with no rate changes on the agenda.
📎 _Read: Business Standard_
⚡ *Deepwater gas price ceiling raised to $9.89*
The government set the ceiling for deepwater, ultra-deepwater and HPHT gas at $9.89/MMBtu and the APM cap at $7, valid 1 Oct 2026 to 31 Mar 2027.
Higher ceilings support realisations for upstream gas producers.
📎 _Read: Business Standard_
📈 *Wedding season lifts hotel bookings into 2027*
Prime early-2027 wedding dates are reportedly already booked, with Udaipur, Jaipur and Goa seeing the sharpest jumps in destination bookings.
Hotels are guiding to double-digit revenue growth; Sayaji’s forward 2027 bookings are up 25%. _(substituted — thehindubusinessline.com blocks direct access; corroborated via NewsBytes)_
📎 _Read: NewsBytes_
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🏢 *COMPANIES*
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💰 *HDFC Bank names Anup Bagchi MD and CEO*
The board appointed Bagchi for three years after the RBI nod, effective 27 Oct.
BS flags deposit mobilisation, loan growth, margin recovery and management continuity as his priorities after years of stock underperformance.
📎 _Read: Business Standard_
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_Compiled by InvestoScope · 05 Oct 2026_