💹 *Daily Business Briefs | Thursday, 22 Oct 2026*

_Markets open today_

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📊 *ECONOMY & POLICY*

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🏦 *RBI Rejects All T-Bill Bids; 10-Year at 7.44%*

The RBI rejected every bid at Wednesday’s ₹23,000 crore T-bill auction, and the 10-year yield closed at 7.44%, its highest since November 2022.

Dealers see 7.50% next with Brent near $112 and liquidity tight, keeping pressure on bond-sensitive books.

📎 _Read: Business Standard_

https://www.business-standard.com/economy/news/rbi-rejects-all-bids-at-treasury-bill-auction-as-short-term-yields-surge-126102101191_1.html

🏦 *RBI MPC Minutes: Rate Cuts Off the Table*

All six members backed October’s 25 bp hike to 5.50%, but two dissented on the shift to calibrated tightening.

With CPI projected to touch 6% in Q3 FY27, a hike or a pause is the next move; the 2–4 Dec MPC is the next trigger.

📎 _Read: Business Standard_

https://www.business-standard.com/industry/banking/rate-cuts-off-table-as-rbi-mpc-flags-inflation-risks-two-dissent-on-stance-126102101194_1.html

🤝 *Rubio Tours Jamnagar, Talks Energy Tie-Ups with Ambani*

US Secretary of State Marco Rubio toured Reliance’s Jamnagar refinery and discussed energy supply, data centres and commercial partnerships with Mukesh Ambani.

It signals deeper US-Reliance energy and technology ties, though no deal terms or figures were disclosed.

📎 _Read: Business Standard_

https://www.business-standard.com/economy/news/rubio-mukesh-ambani-discuss-energy-technology-partnerships-at-jamnagar-126102101510_1.html

🤝 *Goyal Heads to Germany, Netherlands With 100 Business Leaders*

Piyush Goyal visits Germany and the Netherlands from 22–27 Oct to boost trade and investment ties.

A delegation of around 100 business leaders points to a push for European investment and market access.

📎 _Read: NDTV Profit_

https://www.ndtvprofit.com/economy/piyush-goyal-to-visit-germany-netherlands-from-oct-22-27-for-boosting-trade-investment-ties-12216977

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🏢 *COMPANIES*

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💻 *Indian IT Rallies as Global AI Stocks Sell Off*

After a weak 2026, Indian IT stocks have risen sharply this month, with the Nifty IT index hitting a 10-month high on Wednesday.

The rally coincides with a global AI-stock selloff, so NDTV Profit questions whether IT is a hedge or a hostage to the AI trade.

📎 _Read: NDTV Profit_

https://www.ndtvprofit.com/markets/hedge-or-hostage-indian-its-strange-new-role-in-the-ai-story-12215024

💡 *Navratri Retail Vehicle Sales Hit 11.23 Lakh Units*

Retail sales totalled 11.23 lakh vehicles over Navratri, led by two-wheelers and passenger vehicles.

A key festive read for Q3 auto volumes; FADA’s first nine-day tally showed retail up 2% but passenger vehicles down 14% on last year’s GST-led high base (Business Standard).

📎 _Read: The Hindu_

https://www.thehindu.com/business/navratri-sees-retail-sales-of-1123-lakh-vehicles-led-by-2ws-pvs/article71607853.ece

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🌍 *GLOBAL & WORLD*

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💻 *Meta Lifts 2026 AI Capex Guidance to $135–145 Billion*

Meta raised its 2026 capex guidance to $135–145 billion, reported Q3 revenue of $64.60 billion and plans to issue new non-voting shares.

Heavier AI spending, partly funded by fresh equity, keeps investor focus on AI returns, a swing factor for global tech and Indian IT sentiment.

📎 _Read: Economic Times_

https://economictimes.indiatimes.com/markets/us-stocks/wall-street-guide/meta-raises-ai-spending-forecast-to-145-billion-plans-new-share-issue-q3-revenue-beats-estimates/articleshow/135100437.cms

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