ICICI Bank reported a consolidated net profit of ₹16,333 crore for the quarter ended September 30, 2026, up 22.25 per cent from a year earlier. Consolidated total income rose to ₹88,161.18 crore from ₹76,146.59 crore. Basic earnings per share increased to ₹22.76 from ₹18.71. Total expenses climbed to ₹64,151.21 crore from ₹56,172.70 crore.

Oil futures fell on Thursday, with Brent down more than 1% to $96.94 a barrel and WTI off 1.38% to $89.17. Market reports said West Asia crude supply rebounded in September to 16.328 million barrels per day, the highest since the conflict began in February, easing worries about disruptions. In the US, commercial crude inventories rose by 0.9 million barrels to 427.3 million barrels for the week ended September 25, according to the Energy Information Administration (EIA).

Bangladesh has ordered more than 200,000 tonnes of Indian wheat after New Delhi lifted export restrictions in August, marking its first large purchases from India since 2022. Supply disruptions from the Black Sea region have pushed up global grain prices, prompting Bangladesh to turn back to Indian supplies. Bangladesh imports more than 7 million tonnes of wheat a year and previously sourced nearly 70% from India. Delivered prices are expected to range between $305 and $326 per tonne, according to Bloomberg.

Domestic gold prices in India rose ₹1,600 to ₹1,56,600 per 10 grams, while silver gained ₹5,000 to ₹2,47,000 per kilogram as softer crude oil prices eased near-term inflation worries. Spot gold increased $50.96 to $4,392.78 an ounce, and silver rose 3.10% to $67.21 an ounce on stronger investor demand. Global holdings in gold-backed ETFs have risen 1.44 million ounces year to date to 100.39 million ounces.

Amazon’s quick-commerce service Amazon Now has surpassed $1 billion in annualised gross revenue in India less than two years after its launch. The service currently operates in more than 60 towns and cities, and Amazon said orders have doubled every quarter since it launched in India a year ago. Amazon plans to expand Amazon Now to 100 Indian cities by Diwali in November, stepping up competition with Blinkit, Zepto, Swiggy and Flipkart.

AI-related stocks fell broadly across Asian markets after senior industry executives warned that the sector should slow the rollout of advanced models and strengthen safety measures. Nasdaq e-mini futures slipped 1.3%, and SoftBank Group shares dropped as much as 13.2% in Japan, according to Reuters. The warnings from leaders including Anthropic and OpenAI added to investor concerns about the industry’s outlook.

Gold prices fell nearly 2% this week as a jump in crude oil and stubborn U.S. inflation strengthened expectations of further Federal Reserve rate hikes, weighing on demand for precious metals. WTI crude rose above $104 a barrel and is up nearly 16% over the past month. U.S. August CPI rose 3.4% year on year and PPI increased 5.4% annually, both slightly above expectations, pushing Treasury yields higher and pressuring gold.

Metal prices broadly strengthened in August, with India rebar up nearly 10% month on month and 12% year on year, while hot-rolled coil prices in the U.S. and Europe rose about 3%. Aluminium increased to $3,251 per tonne. Global crude steel output fell around 4% month on month to 149.2 million tonnes in July, with China down about 4% year on year and production outside China up 3%. Australian iron ore prices declined about 2% month on month and 3% year on year, according to a Centrum report.

A Bloomberg survey shows India’s sugar production in the 2026-27 season is expected to fall to 29 million tonnes to 31 million tonnes, below 31 million tonnes projected for the current season, as El Niño-linked dryness threatens the crop. Monsoon rainfall is running about 15% below normal, raising risks for sugarcane. To shore up inventories, India may need to import 2 million tonnes to 3 million tonnes of sugar. Raw sugar futures in New York have risen nearly 30% this year.