Modi Backs Trump’s Gaza Plan, Gold Shatters Records
Thank you for reading this post, don't forget to subscribe!The top headlines on Tuesday, September 30, 2025, spanned international politics, India’s economy, and tragic domestic incidents.
International & National Politics
- PM Modi offered support to US President Donald Trump’s initiative to end the Israel-Gaza conflict, calling it a “constructive step” toward establishing lasting peace and security in the West Asian region.
- The Indian High Commission in London officially condemned the vandalism of Mahatma Gandhi’s statue at Tavistock Square, describing the incident as a “shameful act.”
- Veteran BJP leader Vijay Kumar Malhotra died at the age of 93 after a long political career that included being the first president of the Delhi BJP unit.
Economy and Markets
- Gold prices surged to an all-time high in India, with 24-carat gold crossing ₹1.16 lakh per 10 grams for the first time, reflecting a 12% gain in global bullion prices over the month.
- China’s manufacturing sector continues to struggle, as its factory activity decline entered a sixth straight month—the longest slump since 2019. The official Purchasing Managers’ Index (PMI) was reported at 49.8.
- US markets experienced a choppy trading day but ultimately closed higher amid concerns over a looming government shutdown.
- InterGlobe Aviation (Indigo) shares fell by 3% on its first day as a Nifty 50 component. It replaced IndusInd Bank and Hero MotoCorp in the bi-annual index reshuffle.
- Tata Motors announced key timelines for its demerger, setting the record date for its Commercial Vehicles business in mid-October and the listing for November.
- Man Industries shares fell 16% after the company’s management stated a SEBI ban on accessing securities markets wouldn’t impact its core operations.
- The Indian REITs Association (IRA) joined the newly formed Global REIT Alliance to foster international cooperation in the Real Estate Investment Trust sector.
Domestic Tragedy
- Police arrested three TVK office-bearers, including district secretary VP Mathyiyalagan, in connection with the deadly Karur stampede in Tamil Nadu, which resulted in 41 deaths at a political rally on September 27.
