WeWork India Management has successfully raised ₹1,348.26 crore from 67 anchor investors. The company has allocated over 2 crore equity shares to a diverse group of domestic and global institutional investors, including mutual funds and sovereign wealth funds. This occurred at the upper end of its IPO price band.

In related news, the Centre has released an additional ₹1,01,603 crore in tax devolution to state governments on October 1, 2025, ahead of the festive season. This move is intended to stimulate states' capital spending and finance welfare projects, supplementing the regular monthly devolution to reinforce cooperative federalism.

Furthermore, the RBI has directed large banks to adopt the Expected Credit Loss framework and revised Basel III capital norms from April 1, 2027, with a glide path until 2031. These measures aim to strengthen bank resilience and competitiveness, alongside reducing risk weights on MSME and residential real estate lending. The central bank is also planning risk-based deposit insurance premiums. The RBI has also increased the limit for loans against shares to ₹1 crore and IPO financing to ₹25 lakh.

The Union Cabinet has approved a 3% Dearness Allowance (DA) hike, raising it to 58% for central government employees and pensioners. This move, aimed at combating inflation, is expected to be effective from July 1, 2025, with arrears.

Markets in India rebounded on October 1 after eight sessions of losses. The Reserve Bank of India maintained repo rates, revising inflation forecasts lower, which supported investor confidence.