Business Brief:India’s trade deficit expected to widen to ₹2.5 lakh crore; Midwest Limited IPO opens from October 15

Here’s a recap of major business news headlines on Sunday and a brief outlook on today’s key events. Before yesterday’s big news, today’s headlines to watch… Now read yesterday’s big news… 1. India’s trade deficit estimated to reach ₹2.5 lakh crore: May increase by ₹13,000 crore in September; increasing gold imports is the reason The country’s trade deficit may increase by about ₹13,000 crore in September. According to a new report by Union Bank of India, India’s trade deficit is estimated to reach $28.0 billion (₹2.48 lakh crore) in September 2025. This figure is $1.5 billion higher than August’s $26.5 billion (₹2.35 lakh crore). The biggest reason for this sharp jump is the increase in gold imports in the country. 2. 8 of top 10 firms’ market cap rises ₹1.94 lakh:TCS leads with ₹45,678 crore gain; LIC, HUL see dip Top 10 companies saw a value increase by ₹1,94,149 crore in last week’s trading. Tata Consultancy Services (TCS) was the top gainer as the company’s value increased by ₹45,678 crore to reach ₹10.96 lakh crore. Meanwhile, due to selling pressure, Hindustan Unilever Limited’s market cap decreased by ₹3,571 crore to ₹5.94 lakh crore, and Life Insurance Corporation of India (LIC)’s market cap fell by ₹4,649 crore to ₹5.68 lakh crore during this period. 3. Midwest Limited’s IPO will open from October 15: Company to raise ₹451 crore from issue, investment opportunity until October 17; minimum investment required of ₹14,910 Midwest Limited’s Initial Public Offer (IPO) worth ₹451 crore is opening for public subscription from October 15. This IPO will close on October 17 and will be listed on October 24. Know the latest prices of petrol, diesel and domestic gas cylinders…