Rupee Dips, RIL Shines, BMC Results In; India-EU FTA Talks Progress

• The Indian Rupee recorded its largest single-day fall in nearly two months, closing at 90.87 against the US dollar.
• Reliance Industries Ltd (RIL) reported a steady Q3 net profit of ₹18,645 crore, driven by its Digital Services and Oil-to-Chemicals (O2C) businesses.
• Jio Platforms added 9 million subscribers, reaching 515.3 million, with ARPU climbing to ₹213.7 due to 5G-led upgrades.
• Tech Mahindra missed profit estimates in Q3, while top IT firms faced a ₹5,000-crore one-time hit from new labour codes.
• Commerce Minister Piyush Goyal expressed confidence in an imminent India-EU Free Trade Agreement, calling it the 'mother of all deals'.

Why It Matters: Global economic fragility persists amid mixed cues, while India sees currency dip, strong corporate earnings, and FTA progress.