Bumble shares surged nearly 50% on Monday after reports that the dating-app operator was in advanced talks to be taken private by Ithaca Holdings in a deal valuing the company at around $1 billion. The stock closed at $3.80, marking its biggest-ever single-session percentage gain, according to Reuters. (Sources: BBC News, Reuters, Benzinga) ​Bumble stock soars 50%

India's top 10 listed blue-chip companies are experiencing a decline in market capitalisation share. This decline is attributed to sustained foreign portfolio investor selling and large-cap stock underperformance. The top 10 companies now account for around 17.65% of the total market capitalisation as of October 9. Despite this, domestic flows are supporting the broader market and smaller companies are outperforming large caps.

Bumble is reportedly in advanced negotiations for a private acquisition by Ithaca Holdings, which values the company at approximately $1 billion. This potential acquisition follows a decline in Bumble's market valuation, which was around $389 million recently. Shares of Bumble saw a significant increase, which rose nearly 52% after the acquisition discussions became public. The company is facing challenges in a competitive market, particularly with younger users disengaging.

RBI has introduced measures to curb rupee volatility, which could ease immediate depreciation pressures in the currency market. These measures include limiting foreign exchange derivative contracts and increasing hedging costs for importers. Experts predict that these actions may lead to a reduction in USD/INR rates and forward premiums. However, external factors like crude oil prices may still pose challenges.

Spot gold climbed 1.4% to $4,190.49 and was on track for a weekly gain of about 1.2% as bargain buying emerged after prices hit a two-month low. A Stone X analyst said the $4,000 area is building a floor. US gold futures for December delivery also rose 1.4% to $4,215.60. Markets are pricing an 84% probability of at least one rate hike by December, while spot silver gained 2.6%.

India’s food industry is warning that a Super El Nino could disrupt crop production and trigger a supply shock in 2027, tightening availability and pushing up food inflation. Sugar experts told the Reserve Bank of India that the structural inflation risk for sugar is expected to emerge in 2027 rather than around Diwali 2026, with the next six months seen as a key window to prepare. They said the 2026-27 sugar balance sheet has very little buffer stock, and the main inflation test is expected in mid-2027.

Foreign investors accelerated their selling of Indian equities in the second half of September, taking net monthly sales to Rs 35,861 crore. Financial services saw the largest outflows, with net selling of Rs 6,943 crore in September 16–30 versus Rs 6,204 crore in the first half. Capital goods also faced heavier selling, with Rs 1,353 crore sold in the second half compared with Rs 108 crore earlier in the month. The selloff added to pressure on Indian stocks amid higher oil prices and a jump in bond yields.

OpenAI told investors its September annualized revenue was almost $50 billion, down from an earlier indication that it was approaching $70 billion, according to a person familiar with the matter. The change was tied in part to an effort to align revenue definitions for a direct comparison with rival Anthropic. Anthropic’s second-quarter revenue surpassed OpenAI’s for the first time, at $11.5 billion versus $6.7 billion. OpenAI began the year with $20 billion in annualized revenue, compared with $6 billion in 2024.

Gold prices ticked higher on Friday as investors weighed inflation risks and the Federal Reserve’s potential rate-hike path. Spot gold rose 0.3% to $4,147.77 an ounce, while U.S. December gold futures gained 0.4% to $4,172.70. St. Louis Fed President Alberto Musalem signaled further rate increases may be needed to bring inflation back to the 2% target. Traders see an 18% chance of a hike in October and an 81% probability of an increase in December.