Banks in several Indian states are closed on October 22 for Diwali and its associated observances. This festive week sees multiple bank holidays across different regions. While in-person banking services are unavailable, customers can still utilize online banking, ATMs, and mobile apps for essential transactions.
President Trump expressed a desire for amicable relations with China but criticized the nation’s past trade practices, attributing them to a lack of business acumen in previous US leadership. He highlighted significant tariff revenues, suggesting potential distributions to citizens. Trump also indicated India has reduced Russian oil purchases, aligning with his desire for peace in
Asian equities declined on Wednesday as investors paused after recent gains, with gold and silver also tumbling. This pullback followed US President Trump’s suggestion that a planned meeting with Chinese President Xi Jinping might not proceed. Markets in Hong Kong, Shanghai, and Tokyo experienced drops, while gold saw a sharp fall from its record peak.
Stock markets, including NSE and BSE, remained closed on October 22 for Balipratipada. This follows a positive Muhurat trading session yesterday, which marked the start of Samvat Year 2082. Regular trading operations are scheduled to resume on October 23.
Get ready for bigger biscuits and bottles! FMCG companies are bringing back popular price points like Rs 5 and Rs 20 by mid-November. Following GST rate cuts, companies will now offer increased product quantities instead of lower prices, ensuring a win-win for consumers and retailers. This move aims to simplify transactions and restore consumer satisfaction.
President Trump expressed optimism for a fair trade deal with China, despite his trade official accusing Beijing of “economic coercion.” Trump highlighted his strong relationship with President Xi and upcoming meetings, while also warning of significant trouble for China if trade falters. The US also signed a critical minerals agreement with Australia to counter China’s
Apple’s market valuation is nearing $4 trillion as its shares hit record highs, fueled by robust early sales of the new iPhone 17 series. Exceeding expectations in key markets like China and the US, the latest iPhones are driving significant consumer demand.
USCIS has detailed its $100,000 visa fee, requiring payment via a new portal for applicants to proceed. Notably, existing visa holders like F-1 students and L-1 professionals are exempt from this surcharge when changing status to H-1B. Exceptions are extremely rare, requiring Homeland Security’s discretion for national interest cases.
The United States and Australia have inked an $8.5 billion deal to counter China’s influence over critical minerals. The agreement commits both nations to significant investment in mining and processing projects, aiming to bolster Western supply-chain resilience. This collaboration also supports Australia’s AUKUS submarine project, signaling a strengthened strategic alliance.
Indian stock markets are set for a special Muhurat Trading session on Tuesday, October 21, 2025. This one-hour trading window marks the start of Samvat 2082, symbolizing prosperity. The National Stock Exchange and Bombay Stock Exchange will be closed for Diwali Laxmi Pujan on October 21 and Balipratipada on October 22.
