Samsung India reported FY26 net profit down 36% year on year to ₹7,228 crore, while revenue from operations edged up 1.2%. Smartphone revenue slipped 1.4%, exports fell 10%, and telecom network revenue declined 12.8%. With costs rising and core businesses under pressure, the company did not recommend a dividend for FY26.

Gold sales during Ganesh Chaturthi in India fell about 15% year on year by volume as buyers cut back or shifted to lighter jewellery after a sharp rise in prices, according to industry executives. In Mumbai’s spot market, gold traded at Rs 1.57 lakh per 10 grams with a 3% goods and services tax, up about 60% from Rs 98,000 per 10 gm on August 28 last year. Consumers also stepped up old-jewellery exchanges, while sales of coins and bars and demand tied to weddings and younger self-purchasers remained relatively resilient.

AMD briefly pushed its market capitalization above $1 trillion intraday on Monday, becoming the fourth U.S. chipmaker to hit the milestone after Nvidia, Broadcom and Micron. The stock touched a record $613.92 and ended the day up 9%, extending its recent rally to more than 26%. The move reflects investor bets on AMD’s expanding role in artificial-intelligence computing.

US equity funds saw a fourth consecutive week of net outflows in the week ended September 18, with investors pulling $31.44 billion. The withdrawals were driven by rising oil prices, inflation concerns and expectations of further Federal Reserve rate hikes. Broad-market funds faced heavy redemptions, while sector funds attracted inflows and bond-fund inflows slowed.

Disruptions to Black Sea shipping have sharply reduced wheat exports from Russia and Ukraine, with their combined shipments during the July-to-September harvest window expected to be about half of a year earlier. Black Sea ports handle more than 70% of Russia’s grain exports, while about 90% of Ukraine’s seaborne grain normally moves through ports around Odesa that have faced repeated missile and drone attacks. Global food inflation remains relatively subdued for now, but it is expected to start picking up by the end of the year.

The Bank of Japan raised its policy rate to a 31-year high of 1.25% to curb the risk of inflation overshooting its 2% target. Japan’s Nikkei 225 advanced 1%, led by AI- and semiconductor-related shares such as SoftBank, Advantest and Tokyo Electron. Gaming stocks lagged, with Nintendo and Konami each down about 2%.

Anthropic is expected to reach public markets before OpenAI with a major IPO later this year, and it could file with the SEC as soon as this month. OpenAI CEO Sam Altman said the company plans to delay its IPO until 2027, citing safety concerns. OpenAI is discussing a pre-IPO funding round at a valuation of at least $1.2 trillion, while Anthropic could target a $2 trillion IPO valuation as early as October, according to various reports.

New US legislation passed by Congress authorizes the president to impose tariffs of up to 100% on India and other buyers of Russian oil. Indian refiners say replacing Russian crude—47% of their imports—would be difficult under current market conditions, with some key suppliers already unavailable. They cite disrupted Saudi supply after drone attacks on a major pipeline and depleted global inventories, alongside logistical hurdles in sourcing alternative barrels and ships. Executives warned that a simultaneous scramble for replacements could send oil prices sharply higher.

India’s retail inflation has climbed to a 20-month high of 4.82%, strengthening the case for an interest-rate increase. Most economists expect the Reserve Bank of India to raise its policy rate by 25 basis points to preserve the yield gap that supports foreign investment. The US Federal Reserve’s recent rate increase and a rise in the US 10-year yield have added pressure for tighter policy in India. The RBI last changed the repo rate in December 2025, cutting it by 25 bps to 5.25%.