📅 DAILY UPDATE

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October 30, 2025

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📊 Index & Rankings

NVIDIA, Microsoft, and Apple Enter $4 Trillion Market Cap Club

In October 2025, NVIDIA, Microsoft, and Apple became the first three companies to surpass the $4 trillion market capitalization threshold.

This achievement highlights the continuing supremacy of the U.S. tech sector, even amid global economic volatility and trade tensions.

📈 Milestone Timeline
  • NVIDIA – First to cross $4 trillion (led by CEO Jensen Huang)
  • Microsoft – Hit milestone in July 2025
  • Apple – Reached in October 2025 after record-breaking iPhone 17 launch
RankCompanyMarket CapCountry
1NVIDIA$4.894 TUSA
2Microsoft$4.029 TUSA
3Apple$3.992 TUSA
4Alphabet (Google)$3.239 TUSA
5Amazon$2.444 TUSA
6Meta Platforms$1.887 TUSA
7Broadcom$1.761 TUSA
8Saudi Aramco$1.669 TSaudi Arabia
9TSMC$1.563 TTaiwan
10Tesla$1.531 TUSA
🇮🇳 India’s Representation

Reliance Industries Limited (RIL) continues to be India’s most valuable company, ranked 69th globally with market capitalization of $230.69 billion (₹20.36 trillion). However, RIL’s global ranking declined from 46th in 2024 due to market volatility and reduced oil margins.

🇮🇳 National News

Government to Reform Classification of Central Public Sector Enterprises (CPSEs)

The Government of India has initiated a major overhaul of how Central Public Sector Enterprises (CPSEs) are classified and evaluated, aiming to boost efficiency, accountability, and alignment with the nation’s long-term development goals under Vision 2047.

The new policy proposes to introduce two additional ‘Ratna’ categories alongside the existing Maharatna, Navratna, and Miniratna designations.

📊 Current CPSE Classification
  • 14 Maharatna – Can invest up to ₹5,000 crore without approval
  • 26 Navratna – Can invest up to ₹1,000 crore
  • 74 Miniratna – Limited freedom within their sectors

CPSEs are firms in which the Central Government owns at least 51% equity, either directly or through other CPSEs, registered under the Companies Act, 2013 or established by Parliamentary Acts.

The evaluation process will expand beyond financial indicators to include factors like corporate governance, leadership succession, capital investment efficiency, dividend distribution, sustainability performance, and contribution toward Vision 2047.

A 10-member committee, led by Cabinet Secretary T.V. Somanathan, will submit a detailed report before the Union Budget 2026–27.

Uttar Pradesh Declares Formation of 76th District – Kalyan Singh Nagar

The Government of Uttar Pradesh has approved the creation of a new district named Kalyan Singh Nagar, in memory of former Chief Minister Kalyan Singh, a key figure in the state’s political landscape.

This new region, the 76th district of Uttar Pradesh, will be carved from tehsils of Aligarh and Bulandshahr.

👤 About Kalyan Singh
  • Chief Minister twice: 1991–92 and 1997–99
  • Hailed from Atrauli, his main political base

The announcement was made by Chief Minister Yogi Adityanath, who highlighted Singh’s significant contributions to governance and state development.

Logo of National Maritime Heritage Complex (NMHC) Unveiled

The Ministry of Ports, Shipping and Waterways (MoPSW) revealed the official logo of the National Maritime Heritage Complex (NMHC) during the India Maritime Week 2025 in Mumbai.

The NMHC, being built at Lothal, Gujarat, aims to become a world-class centre commemorating India’s maritime history while fostering innovation in modern seafaring.

🚢 Key Facts
  • India’s maritime journey spans over 5,000 years
  • From the Harappan port of Lothal to modern global trade networks
  • The complex will serve as a knowledge and tourism hub

The logo launch represents the fusion of tradition and modernity, setting the stage for NMHC to emerge as a premier maritime heritage and education destination.

“Koyla Shakti” Smart Dashboard by Ministry of Coal

The Ministry of Coal is set to launch “Koyla Shakti – Smart Coal Analytics Dashboard”, a step toward digital transformation in energy governance.

The dashboard will function as a real-time analytics platform, offering a centralized system for tracking coal production, transportation, and consumption across India.

It will consolidate information from multiple stakeholders, including coal producers, ports, ministries, and end-users, into one integrated digital interface.

Through real-time data integration, the system aims to reduce bottlenecks, enhance coordination, and improve decision-making throughout the coal value chain.

Union Agriculture Minister Opens NSC’s Advanced Seed Processing Unit

The Union Agriculture Minister inaugurated a modern seed processing and packaging facility at the National Seeds Corporation (NSC) located in Pusa Complex, New Delhi.

The plant focuses on vegetable and flower seeds, with a processing capacity of 1 tonne per hour.

Alongside, five other NSC plants in Bareilly, Dharwad, Hassan, Suratgarh, and Raichur were virtually inaugurated, each boasting a capacity of 4 tonnes per hour.

💻 Digital Initiatives Launched
  • “Seed Management 2.0” – Platform for streamlined operations
  • Online seed booking portal – Allowing farmers to directly purchase seeds

💼 Business & Economy

RBI Repatriates 64 Tonnes of Gold Between March and September 2025

The Reserve Bank of India (RBI) has intensified its efforts in gold repatriation, successfully bringing back around 64 tonnes of gold to India in the six months leading up to September 2025, amid increasing global worries about the safety of sovereign assets kept overseas.

Gold Reserve CategoryAmount (Sept 2025)
Total Gold Reserves880.8 tonnes
Stored Domestically575.8 tonnes
Held with Bank of England & BIS290.3 tonnes
Kept as Deposits14 tonnes

Since March 2023, the RBI has repatriated an overall 274 tonnes of gold, driven by heightened geopolitical tensions like the Russia–Ukraine conflict and the Taliban’s rise in Afghanistan.

Due to the global surge in gold prices, gold now constitutes 13.9% of India’s total foreign exchange reserves as of September 2025.

The RBI’s total foreign currency assets stand at USD 579.18 billion.

JPYC Inc. Introduces World’s First Yen-Pegged Stablecoin “JPYC”

Japanese fintech company JPYC Inc. has launched “JPYC”, the first-ever stablecoin pegged to the Japanese Yen (JPY), maintaining a consistent 1:1 value ratio with the Yen.

💱 Key Features
  • Backed by: Domestic JPY deposits and Japanese Government Bonds (JGBs)
  • Planned Issuance: Up to 10 trillion JPY (~USD 66 billion) within 3 years
  • Initial Transactions: Fee-free
  • Revenue Model: Interest earned on JGB holdings

The stablecoin functions across Ethereum, Avalanche, and Polygon blockchains, ensuring interoperability with wallets, exchanges, and DeFi ecosystems.

Users or partner institutions can transfer JPY to an official on-ramp, following which equivalent JPYC tokens are minted on-chain.

This initiative signifies a major breakthrough in Japan’s digital financial evolution, introducing a secure Yen-backed blockchain payment solution.

🌐 International News

20th East Asia Summit Adopts Kuala Lumpur Declaration

The 20th East Asia Summit (EAS) convened in Kuala Lumpur, Malaysia, concluded with the adoption of the Kuala Lumpur Declaration.

The declaration reaffirmed the EAS’s commitment to fostering regional peace, security, and cooperation.

📋 Key Highlights
  • Emphasized sharing information on regional development, security measures, disaster management, and strategic architecture
  • Reiterated the principles of the 2005 Kuala Lumpur Declaration
  • Acknowledged challenges such as geopolitical tensions and cross-border threats
  • Retained its leaders-led informal format for high-level strategic dialogue

🎖️ Defence News

Indian Army to Acquire First Indigenous Software Defined Radios (SDRs)

The Indian Army has finalized an agreement to procure indigenously designed Software Defined Radios (SDRs), created by the DRDO and produced by Bharat Electronics Limited (BEL).

These SDRs are equipped with high-speed data transmission and Mobile Ad hoc Network (MANET) technology, enabling secure, real-time battlefield communication.

📡 IRSA 1.0 – Indian Radio Software Architecture
  • Released on October 6, 2025 at DRDO Bhawan, New Delhi
  • Establishes standardized interfaces, APIs, and execution environments
  • Ensures interoperability and cross-service compatibility
  • India’s first standardized SDR software architecture

The IRSA project, initiated in 2021 and developed from 2022 onwards, was officially approved by the High-Level Advisory Committee (HLAC) in 2025.

This launch represents a major step toward self-reliance in defence communication, supporting the Atmanirbhar Bharat initiative.

Passenger Vessel ‘Sindhu’ Completes Historic Voyage to Barren Island

The passenger vessel ‘Sindhu’ successfully completed its maiden voyage to Barren Island, home to India’s only active volcano, located around 140 km from Port Blair.

The voyage was inaugurated by Chief Secretary Dr. Chandra Bhushan Kumar from Haddo Wharf, Port Blair.

🌋 Voyage Details
  • Passengers: 500, including 125 government school students
  • Date: October 25, 2025 (early morning arrival)
  • Highlight: Breathtaking views of the volcano’s red glow at sunrise
  • Historic First: First-ever public maritime service to the site

The Andaman and Nicobar Administration plans to organize two such voyages each month to encourage eco-tourism and controlled exploration.

Cabin ClassPrice
Coral Suite₹8,310
Reef SuiteMid-range
Island BreezeMid-range
Lagoon Class₹3,180
Meals (Additional)₹2,000

🏅 Sports News

England Cricketer James Anderson Knighted at Windsor Castle

Veteran England fast bowler James Anderson was knighted during a ceremony at Windsor Castle, conducted by Princess Anne.

The honour, part of Rishi Sunak’s resignation honours list (April 2025), recognizes his extraordinary contributions to cricket.

RecordDetails
Test Matches188 (Most by any pace bowler)
Test Wickets704
ODI Wickets269 (Highest by any English bowler)
All-time Test Wickets Rank3rd (behind Muralitharan-800, Warne-708)

Anderson, who retired from international cricket in July 2024, is England’s highest Test wicket-taker and the most successful fast bowler in world cricket.

🎖️ About Knighthood

The knighthood is one of the UK’s highest civilian distinctions, awarded for outstanding service in fields like arts, science, public life, or sports. Recipients are addressed as “Sir” or “Dame”.

Post-retirement, Anderson continued to represent Lancashire in domestic cricket (2024) and signed a wildcard deal with Manchester Originals in The Hundred.

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