Hit the ground running this Tuesday with the week’s biggest business updates!

Silver hits record high: Silver reached $51.25/oz, up 73% this year, surpassing gold’s 53% gain, driven by ETP inflows, retail demand, and speculation, though caution is advised as resistance levels approach.

Retail inflation slows: India’s retail inflation fell to an eight-year low of 1.54% in September, with food prices driving the drop; economists expect continued softness and a possible RBI rate cut in December.

Zoho and homegrown tech: Zoho co-founder Sridhar Vembu emphasized the importance of Made-in-India digital technologies, infrastructure upgrades, fair competition, and regulating protocols without banning Western alternatives.

Religare’s reverse merger: REL plans to absorb its unlisted insurance arm, Care Health, via a preferential share issue, folding in ₹15,000 crore of value while avoiding IPO hurdles, following the company’s governance restructuring.

Foxconn expansion in Tamil Nadu: Foxconn will invest an additional ₹15,000 crore and create 14,000 jobs, supported by a new dedicated Foxconn Desk, reinforcing Tamil Nadu as a global hub for electronics, advanced manufacturing, and AI-led tech.

Stay informed with sharp insights on metals, aviation, markets, and global trade to start your week ahead.