News Nook: Sep 28, 2026

Indian Sector Specific News:

A) BFSI:

1)  India Can Achieve Over 10% Economic Growth

• Finance Minister Nirmala Sitharaman said India can grow by more than 10% if the country increases the use of technology, innovation and startups across different sectors.
• She also highlighted how technology is helping farmers improve productivity through drones, better harvesting methods and digital fertilizer systems, which could support faster economic growth.
• Source: IBEF

2) India’s Capital Markets Set for 16% Annual Growth Through FY30

• India’s capital markets revenue is expected to grow 16% annually till FY30 as more households shift their savings from cash and bank deposits towards shares, mutual funds and other financial products.
• Retail participation is rising rapidly, with demat accounts increasing from 21 million in FY13 to around 225 million in FY26, while annual SIP investments have grown to about ₹3.5 lakh crore.
• Source: IBEF

3) PLI Schemes Strengthen India’s Pharma and Medical Devices Manufacturing

• The government’s PLI schemes are helping India produce more medicines, drug ingredients and medical devices domestically, reducing dependence on imports and attracting new investments.
• The schemes have supported large investments, increased production and exports, and created thousands of jobs, while encouraging the manufacturing of advanced products such as MRI machines, CT scanners and complex medicines.
• Source: Press Information Bureau

4) Insurance Mis-Selling Linked to High Upfront Commissions

• IRDAI Chairman Ajay Seth said high upfront commissions paid to insurance agents can encourage mis-selling, where customers may be sold policies that do not fully match their needs.
• IRDAI is considering tighter limits on commissions and operating costs, with the aim of making insurance more affordable and improving benefits for policyholders.
• Source: The Economic Times

5) Equity Mutual Funds Lose Up to 13% in a Week

• Equity mutual funds saw sharp declines during the week, with the Nifty 50 and Sensex falling 1.10% and 1.18%, respectively; sectoral and thematic funds were among the major losers.
• Mirae Asset S&P 500 Top 50 ETF FoF fell the most at 13.09%, while technology, banking and financial-services funds recorded losses of around 3.2%–3.8%.
• Source: The Economic Times

6) SEBI May Consider Self-Listing Rules for Stock Exchanges

• SEBI may form a panel to examine rules that would allow stock exchanges to list their own shares on the market.
• The proposed rules could also apply to exchanges that are already listed, and BSE shares fell around 2% following the report.
• Source: Moneycontrol

B) Automobile;

1) Rural Auto Demand Remains Strong Despite Weak August Rains

• Rural vehicle demand stayed strong in August, with rural passenger vehicle sales growing 24.9% year-on-year, much faster than the 10.9% growth in urban markets.
• Rural commercial vehicle and three-wheeler sales also grew strongly, although weak rainfall affected tractor sales; overall two-wheeler production rose 15.2%.
• Source: Business Standard

C) Pharma:

1) Sanofi Healthcare Buys 15.2% Stake in Sanofi India for ₹1,068 Crore

• Sanofi Healthcare India, a promoter group company, bought 35 lakh shares of Sanofi India, giving it a 15.19% stake for about ₹1,068 crore.
• The shares were purchased at ₹3,052 each, while another promoter, Hoechst GmbH, sold the same number of shares at the same price.
• Source: The Economic Times

2) Sun Pharma Signs Global Licensing Deal for Cholesterol Drug Lerodalcibep

• Sun Pharma has signed an exclusive agreement with US-based LIB Therapeutics to manufacture, sell and license the cholesterol drug Lerodalcibep in markets outside the US and China.
• The once-monthly drug helps lower “bad” LDL cholesterol and will strengthen Sun Pharma’s cardiovascular medicines portfolio, with the company gaining access to a growing global market.
• Source: Daily Excelsior

D) FMCG:

1) Triple Shock Hits India’s FMCG Market as 68% of Categories Lose Volume

• FMCG consumption slowed in April-June, with overall volumes falling 2% and 68% of product categories recording a decline. Rural volumes fell 5%, while urban demand was almost flat.
• Rising costs, weaker rural incomes and lower consumer spending are putting pressure on FMCG demand, while modern trade and e-commerce are growing rapidly and changing how people shop.
• Source: The Economic Times

E) Agriculture;

1) Centre Assures Support to Farmers Facing Drought and Floods

• The Centre has assured support to farmers affected by drought and floods, with Agriculture Minister Shivraj Singh Chouhan saying the government is coordinating with states to manage the situation.
• District-level plans, seed banks and farming advisories have been prepared to help farmers choose crops that need less water or can be grown faster when rainfall is low, while alternative arrangements are being made if crops fail.
• Source: Daily Excelsior

F) Energy:

1) India to Set Up First Port-Based E-Methanol Facility at Kandla

• India will build its first port-based e-methanol plant at Kandla, Gujarat, with an investment of ₹2,300 crore to produce cleaner fuel for ships using renewable power, water and biogenic CO₂.
• The 150-tonne-per-day plant will supply green fuel to ships on the Asia-Europe trade route and is expected to create more than 3,500 direct and indirect jobs.
• Source: The Economic Times

2) PVUNL and ALIMCO Sign Agreement to Support Persons with Disabilities

• PVUNL and ALIMCO have signed an agreement to improve the quality of life and self-reliance of persons with disabilities in and around Patratu.
• PVUNL will organise assessment camps to identify people who need support and help provide them with suitable assistance and equipment.
• Source: The Economic Times

3) India’s Contracting Market Sees ₹5,467 Crore of Confirmed Orders

• India recorded 27 confirmed contracts worth around ₹5,467 crore between September 20 and 27, with defence, EPC, construction, energy storage and power infrastructure driving major orders.
• Major awards included ₹811 crore for Bharat Dynamics’ defence systems, ₹797 crore for L&T’s fertiliser plant revamp, ₹661 crore for Vascon’s Bengaluru project and over ₹700 crore of battery-storage orders.
• Source: News On Projects

Indian Economy and Government Initiatives:

• Rising electronics demand, global supply-chain shifts and supportive government policies are driving India’s semiconductor growth. These factors are helping India strengthen its position in the global semiconductor industry.
• Air-conditioner prices are expected to rise 5–8% from October 1, while TVs, washing machines and refrigerators may also become costlier due to higher raw-material, freight and currency costs. Some retailers may still sell existing stock at older prices for a limited period during the festive season.
• Indian Stock Market Update:

• The Sensex plunged over 1,100 points and the Nifty closed below 22,800, marking a sharp fall in Indian stock markets.
• Rising crude oil prices, US-Iran geopolitical tensions, weak global markets and continued foreign investor selling pressured investor sentiment.