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Skill financing scheme, Pradhan Mantri Kaushal Mudra Yojana, likely to be unveiled in Budget
https://economictimes.indiatimes.com/news/economy/policy/new-skill-financing-scheme-pradhan-mantri-kaushal-mudra-yojana-likely-to-be-unveiled-in-budget/articleshow/124832180.cms

India is set to launch the Pradhan Mantri Kaushal Mudra Yojana (PMKMY) in the upcoming Budget 2026-27, a five-year scheme to fund workforce skilling. This initiative aims to provide broader access to high-end training, particularly for emerging sectors, and ensure resources reach women, rural youth, and persons with disabilities.
Novartis to buy U.S. biotech firm Avidity Biosciences for about $12 billion in cash
https://www.cnbc.com/2025/10/26/novartis-avidity-biosciences-talks.html

Novartis will pay Avidity shareholders $72 a share in cash, a premium of 46% to the company's Friday closing price.
Trump Treasury Sec. Bessent says he's felt 'pain' from China because he's a 'soybean farmer'
https://www.cnbc.com/2025/10/26/trump-treasury-bessent-trade-tariffs-china-soybean-farm.html

Treasury Secretary Scott Bessent's estimated hundreds and millions of dollars in wealth includes soybean and corn farmland in North Dakota.
SMBC to share its global learning with Yes Bank, help raise the bar: CEO
https://economictimes.indiatimes.com/markets/stocks/news/smbc-to-share-its-global-learning-with-yes-bank-help-raise-the-bar-ceo/articleshow/124837045.cms

Toru Nakashima, the global CEO of Sumitomo Mitsui Banking Corporation, recently engaged with employees at Yes Bank, emphasizing his commitment to their future. He conveyed a message of confidence regarding job security and anticipated growth, following SMBC's recent acquisition of a 20% stake in the bank.
Global central banks cut US T-bill exposure, increase gold reserves
https://economictimes.indiatimes.com/markets/commodities/news/global-central-banks-cut-us-t-bill-exposure-increase-gold-reserves/articleshow/124837057.cms

Global central banks are reducing US Treasury holdings and increasing gold reserves. India's gold reserves surpassed $100 billion. Gold prices experienced a significant drop, which is expected to boost demand from investors and central banks. This shift indicates a diversification strategy amid political uncertainty. The trend shows a move away from dollar assets towards gold.
Will Nifty’s rally stall near 26,000 or break past its record highs soon?
https://economictimes.indiatimes.com/markets/stocks/news/will-niftys-rally-stall-near-26000-or-break-past-its-record-highs-soon/articleshow/124837096.cms

Nifty may pause its rally near record highs. Analysts suggest dips are buying opportunities. Banking and metals sectors are highlighted. Support is seen at 25,400-25,500. A potential breakout from a Cup and Handle pattern is noted. Medium-term outlook remains positive for quality stocks. Sectors like BFSI, auto, and metal are expected to outperform.
2025/10/27 02:01:45
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