_Markets open today · RBI policy decision due 10 am IST_
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📊 *ECONOMY & POLICY*
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🏦 *RBI decision today: 25 bps hike expected*
RBI announces its MPC decision at 10 am; 8 of 10 economists in a Business Standard poll expect a hike to 5.50%, the first since Feb 2023.
The repo rate has been held at 5.25% for four straight reviews, so stance commentary will drive banks and rate-sensitives.
📎 _Read: Business Standard_
📈 *Services PMI rises to 55.2, three-month high*
HSBC India Services PMI rose to 55.2 in September from 54.1, the strongest expansion since June, with the composite at 55.9.
The July-September average was the weakest quarterly services reading since early 2022, so the rebound is yet to prove durable.
📎 _Read: SocialNews.XYZ (IANS)_ _(substituted: direct Business Standard fetch unavailable; figures cross-checked with UNI and TradingEconomics)_
🏦 *GST Council meets Thursday: reforms, no rate tweaks*
The 57th meeting is expected to clear process reforms, including wider ITC and refund access and an optional annual return for small units.
Officials say rates will be reviewed only once a year with changes from 1 April, pointing to a stable structure for 5-6 years.
📎 _Read: Business Standard_
💡 *Faceless assessment coming for CGST registrations*
The Centre is working on a unified faceless assessment mechanism for CGST registrations, with all ~6.5 million offered it and no GST Council approval needed.
About 330,000 registrations span more than one CGST jurisdiction, so multi-state businesses stand to gain most on compliance time.
📎 _Read: Business Standard_
💰 *Cabinet backs ₹10,000 cr SME Growth Fund*
The Cabinet committed ₹10,000 crore to a fund making direct equity investments in SMEs across manufacturing, services, technology and strategic value chains.
The Budget-announced fund will run with the MSME and Finance ministries, adding growth capital for smaller manufacturers.
📎 _Read: The Hans India_
https://thehansindia.com/business/centre-bets-rs-10k-cr-on-next-generation-of-sme-champions-1129719
🛣️ *Cabinet creates Integrated Transport & Logistics Authority*
The Cabinet approved a national apex SPV to coordinate central and state transport planning, research and appraisal.
Unified planning across roads, rail, ports, airports and waterways could sharpen infrastructure pipelines and logistics efficiency.
📎 _Read: ANI_
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🏢 *COMPANIES*
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💰 *Jio eyes ₹11 trn IPO valuation, listing by Oct 30*
Jio Platforms is likely to seek about ₹11 trillion ($114 bn), opening its IPO the week of 19 Oct, Bloomberg reports.
That is below earlier $130-170 bn talk, but with about $3.4 bn of shares on offer it would still be India’s largest listing.
📎 _Read: Business Standard_
💻 *TCS Q2 on Oct 8: modest growth expected*
Nuvama expects +0.6% QoQ constant-currency growth with PAT flat near ₹13,722 crore.
HDFC Securities sees a 26-28% margin band and TCV of $8-10 bn, with demand recovery slower than hoped.
📎 _Read: Business Standard_
📈 *Specialty chemicals surge up to 20%*
Alkyl Amines, Balaji Amines and other specialty chemical stocks jumped up to 20% on heavy volume on Tuesday.
Analysts cite structural demand drivers, policy support and globalisation for a stable growth trajectory.
📎 _Read: Business Standard_
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_Compiled by InvestoScope · 07 Oct 2026_