💹 *Daily Business Briefs | Friday, 25 Sep 2026*

_Markets open today_

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📊 *ECONOMY & POLICY*

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📉 *Rupee, Bonds Slide On Yield Shock*

Rupee fell 0.23% to settle at 95.96/USD, a one-week low, as the 10-yr G-Sec yield rose 6bps to 7.11%.

Elevated US yields and crude near $106 are squeezing RBI’s rate flexibility and pushing up import costs.

📎 _Read: Business Standard_

https://www.business-standard.com/economy/news/rupee-bonds-witness-sell-off-as-crude-oil-us-treasury-yields-rise-126092401267_1.html

📉 *US Bond Yields Hit 19-Year High*

The US 10-yr Treasury yield spiked to 5.15%, its highest since 2007, after a weak Treasury auction and hot PMI data.

The move is dragging global risk assets lower and could keep FIIs on the sidelines in EM equities like India.

📎 _Read: NBC News_

https://www.nbcnews.com/business/energy/treasury-yields-oil-stocks-rcna599398

📈 *India PMI Hits 3-Month High*

HSBC Flash Composite PMI rose to 56.5 in September from 54.3, with manufacturing at 55.7 and services at 55.8.

Stronger new orders and hiring point to resilient private-sector momentum, even as export-order growth cools to a near 3-year low.

📎 _Read: Business Standard_

https://www.business-standard.com/economy/news/india-flash-pmi-september-manufacturing-services-output-orders-126092300359_1.html

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🏢 *COMPANIES*

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📉 *Insurance Stocks Crash On IRDAI Caps*

PB Fintech hit its 20% lower circuit after IRDAI proposed cutting insurers’ expense-of-management limits to 12.5% of premium within 5 years, plus new commission caps.

Bancassurance-heavy insurers and NBFC corporate agents face the sharpest earnings hit; SBI Life, Canara HSBC Life and LIC look relatively insulated.

📎 _Read: Business Standard_

https://www.business-standard.com/markets/news/insurance-related-stocks-crack-pb-fintech-max-hdfc-life-slide-up-to-20-126092400252_1.html

💻 *Oracle Layoffs Hit Managers, Older Staff*

A leaked compliance document shows Oracle cut 546 cloud-infrastructure roles, with managers and workers over 40 disproportionately affected.

The cuts coincide with Oracle redirecting $90–95bn toward AI data-centre capex — worth watching for hiring and cost-structure read-throughs at Indian IT vendors and GCCs.

📎 _Read: Business Standard_

https://www.business-standard.com/companies/news/oracle-job-cuts-hit-middle-managers-workers-over-40-in-cloud-unit-126092400300_1.html

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🌍 *GLOBAL & WORLD*

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🏦 *Fed’s Williams Flags Rate Hike Risk*

NY Fed President John Williams said another rate hike before year-end was reasonable to contain inflation, after a poorly received 5-yr Treasury auction.

The hawkish signal is adding to EM currency pressure — rupee, yuan and won all weakened in tandem on Thursday.

📎 _Read: Business Standard_

https://www.business-standard.com/economy/news/rupee-bonds-witness-sell-off-as-crude-oil-us-treasury-yields-rise-126092401267_1.html

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_Compiled by InvestoScope · 25 Sep 2026_