Curated Financial Intelligence
Real-time business, economy, stock market, and financial intelligence curated for professionals.
Domestic institutions cushion markets as FIIs record sixth straight day of net selling
On Oct 1, foreign institutional investors sold a net Rs 9,484 crore of Indian shares, marking a sixth consecutive day of outflows, while domestic institutions bought a net Rs 10,042 crore. The Nifty fell 0.9% to 22,422, extending its weekly decline amid weaker rupee and higher crude.
Smartworks signs new leases worth Rs 305 crore, lifts contracted revenue to Rs 5,705 crore
Smartworks has secured new office leasing agreements expected to generate Rs 305 crore in contracted rental revenue over terms up to 60 months. This addition raises the companyâs total contracted rental revenue to approximately Rs 5,705 crore, driven by demand from technology, healthcare, and lifestyle sectors.
Central Government Employees to Receive a Possible 3-4% DA Hike Based on AICPI-IW Index
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How to Check and Cancel UPI AutoPay Mandates to Stop Unwanted Recurring Debits
NPCIâs enhanced framework allows users to view and revoke UPI AutoPay mandates via any participating app. This guide explains how to identify active subscriptions, authenticate cancellations, and understand RBIâs pre-debit notification rules to prevent unauthorized recurring charges.
Understanding FD Maturity: Ensuring Your Money is Protected and Profitable
A fixed deposit remains with the bank after maturity, but the return on an unpaid amount may be lower than the original FD rate.
RBI Clarifies Dormant Account Rules: 2âYear Inoperative Status, 10âYear Unclaimed Deposits
The Reserve Bank of India (RBI) has outlined when a savings or current account becomes inoperative and how customers can reactivate it. Accounts with no customerâinitiated transactions for more than two years are deemed inoperative, while balances that remain untouched for ten years fall under unclaimed deposits.
Samsung Raises Galaxy S26 Prices Amid Memory Chip Shortage
Samsung Electronics has increased the price of its Galaxy S26, S26+ and S26 Ultra models by $100 each, with the topâtier Ultra now costing $2,000 for the 1âTB version. The move follows a global trend of tech firms passing higher memoryâchip costs onto consumers.
SEBI Revamps Document Number Verification System for Enhanced Authentication of SEBI Communications
SEBI Press Release: Document Number Verification System Update
SEBI fines SMC Global Securities RsâŻ1âŻlakh for recordâkeeping lapses and inadequate supervision of AP Amit Lilhare
The Securities and Exchange Board of India has levied a Rs 1 lakh fine on broker SMC Global Securities for not maintaining preâtrade confirmation records and for failing to supervise authorised person Amit Lilhare, who was linked to unauthorised trading and fixedâreturn promises to clients in Chhattisgarh.
RBI Clarifies How Joint Bank Accounts Are Settled After a Holderâs Death
When one person in a joint bank account dies, the surviving holder does not automatically own the money. RBIâs latest guidance explains the role of survivor clauses, the documentation required, and the difference between receiving funds and inheriting the deceasedâs share.
How to Correct a Wrong Exit Date on Your EPFO Record
A mismatched exit date in your EPFO account can block online PF transfers and affect pension calculations. Learn how to verify the correct date, approach your former employer, use the Joint Declaration process, and raise a grievance if needed.
NITI Aayogâs Rajiv Gauba urges tighter regulation and marketâoriented reforms in Indiaâs petroleum and natural gas sector
At the 20th Foundation Day of the Petroleum and Natural Gas Regulatory Board, NITI Aayog member Rajiv Gauba urged India to strengthen institutional capacity, accelerate domestic exploration and shift toward a gasâbased economy to bolster energy security and support the Viksit Bharat vision.
Microsoft Shares Post Best Quarter Since 1998 as AI Optimism Returns
Microsoft shares surged 37.5% from July to September, marking their best quarterly performance since 1998 and adding $1 trillion to its market cap. The rally, driven by strong cloud growth and AI monetization clarity, contrasts with a weak June, positioning the tech giant as a leader in sustainable AI investment.
A rally in oil prices sent stocks lower, with the market extending losses in the aftermath of a weaker-than-anticipated
A rally in oil prices sent stocks lower, with the market extending losses in the aftermath of a weaker-than-anticipated manufacturing report. The S&P 500 dropped after the gaugeâs worst month since June. Benchmark 10-year yields hit the highest sinc
G20 Trade Ministers Agree on Statement Against Weaponisation of Food; India Highlights Food Security Measures
At the G20 Trade Ministersâ Meeting in Milwaukee, Indiaâs Commerce Minister Piyush Goyal urged that food should not be used as a political tool. The ministers adopted a statement condemning coercive trade actions that weaponise food, while India highlighted its domestic foodâsecurity programmes and support for a rulesâbased trading system.
SEBI orders brokers to display investorâawareness messages on websites and apps ahead of World Investor Week 2026
The Securities and Exchange Board of India (SEBI) has instructed stock brokers to showcase regulatorâissued investorâawareness messages on their websites from 5 Oct to 31 Oct, and on landing pages from 1 Nov, alongside existing risk disclosures, as part of Project Jagrook and World Investor Week 2026.
Reserve Bank of India Eases Acquisition Rules for Mutual Funds, Insurance Companies, and Pension Funds
RBI has simplified bank shareholding rules by allowing eligible mutual funds, insurers and pension funds to obtain one-time approval for subsequent acquisitions of up to 10% in the same bank.
SEBI clears IPOs for Carlsberg India, TMC Transformers, Ujin Pharma, Matangi Rubber
SEBI has issued observations on draft offer documents for four companies: Carlsberg India, TMC Transformers, Ujin Pharma, and Matangi Rubber. TMC plans a Rs 550-crore fresh issue for EHV transformers, while Ujin Pharma seeks to acquire agro-chem and pharma entities. Carlsberg India joins a trend of multinationals listing Indian subsidiaries.
HDFC Bank's ADRs Surge as Anand Rathi is Appointed as New MD & CEO
HDFC Bank's US-listed ADRs rose 4.1% after the RBI approved Anup Bagchi's appointment as managing director and CEO, succeeding Sashidhar Jagdishan from October 27.
SEBI Approves Carlsberg India's Confidential IPO Filing
The Securities and Exchange Board of India (SEBI) has approved Carlsberg's confidential pre-filing for an initial public offering of its Indian operations. The move allows the Danish brewer to list its India business without raising fresh capital, joining a wave of multinationals tapping India's equity markets.
8th Pay Commission may set JanâŻ1âŻ2026 as effective date, raising questions on arrears for central employees
The 8th Central Pay Commission is expected to submit its report by midâ2027. If the government adopts the usual Jan 1 2026 effective date, arrears could be payable from that day, echoing the 7th CPC experience. Experts warn the final amount will hinge on how the commission treats dearness allowance and other components.
Govt Extends Validity of Divyangjan FASTags to 3â5 Years, Effective OctâŻ2026
Indiaâs government has revised the rules for exempted FASTags issued to persons with disabilities. The new guidelines, effective 2 October 2026, tie the tagâs validity to the recorded disability percentageâfive years for 70â100% and three years for 40â<70%âreducing annual renewals.
Tata Group Whistleblower Complaints Surge: Tata Group's TCS leads with 1,664 complaints
The growth in number of whistleblower complaints has been very steep especially in the last three years as 80% of the total complaints received since FY22 have been received between FY24 and FY26.
India Q2 FY27 Economic Pulse: GST Hits Rs 2.04 Lakh Crore, Manufacturing Rebounds, But Rural Auto Sales Slump
India's high-frequency indicators for Q2 FY27 show resilience with GST collections at Rs 2.04 lakh crore and a manufacturing PMI rebound to 55.1. However, the recovery is uneven, marked by a sharp decline in rural tractor and two-wheeler sales despite strong passenger vehicle growth.
RBI Faces Hawkish Turn as Record $133 Billion Diaspora Inflow Fuels Liquidity Surge
A record $133 billion inflow from the Indian diaspora has flooded the banking system with liquidity, pushing overnight rates below the RBI's 5.25% policy rate. This surge, combined with rising inflation and oil prices, is strengthening the case for an interest rate hike at the upcoming MPC meeting.
RBI may hike repo rate by 50 bps by yearâend as oil shock and monsoon risks keep inflation high
Crisil chief economist Dharmakirti Joshi expects the RBI to lift the repo rate by 25 basis points in October and another 25 in December, citing renewed oil price spikes, high input costs and monsoonârelated inflationary pressures. She also forecasts FY27 inflation at 5.1%, Brent crude at $88â93 a barrel and the rupee at Rs 93.5 per dollar by March 2027.
Experts warn against EMI overload as festive sales lure shoppers
As Amazon and Flipkart roll out deepâdiscount offers with noâcost EMI and instantâloan options, financial advisers caution Indian consumers to check their total EMIâtoâincome ratio, maintain a sixâmonth emergency fund and beware hidden costs before adding new monthly payments.
Indian Stock Market Struggles as Foreign Fund Outflows and Rising Crude Prices Affect Sentiment
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India-Saudi Undersea Power Link: $9 Billion Feasibility Study Completed Ahead of Oct 5 Talks
India and Saudi Arabia have completed a feasibility study for a 2,100 km undersea power transmission link with a 3 GW capacity. The project, estimated at $9 billion, will be discussed by senior officials on October 5 to address rising costs and establish a viable business case.
High Court Stops Bank of Baroda's LOC, Cancels Previous Appointment
The court observed, âThere can be no doubt that an LOC is a coercive measure and cannot be resorted to as a matter of routine merely because the Petitioner is undergoing Trial.â
PIB Debunks Viral Claim: No Five-Day Banking Week Approved for Public Sector Banks
The Press Information Bureau has clarified that no government notification exists approving a five-day banking week for public sector banks. A fake Gazette document is circulating on social media. While the Indian Banks' Association is discussing the demand with unions, current Saturday holiday rules remain unchanged.
Nifty 50 Extends Slide to Fourth Straight Session, Closes at 22,422 Amid Bearish Technicals
The Nifty 50 index declined for the fourth consecutive session on October 1, closing at 22,422 after touching a low of 22,217. The market faced pressure from rising US bond yields, high oil prices, and elevated India VIX levels. Analysts identify 22,217 as a critical support level, with a break potentially leading to the 22,000 mark.
Accenture Reports Strong Financial Performance, Announces Quarterly Dividend Increase
NEWZA News Editorial
Netflix CEO Talks Growth Slowdown, Live Shows Impact, and Warner Bros. Discovery Acquisition Attempt
Netflix co-CEO Ted Sarandos said that the streaming giant's growth fell below expectations, adding that live shows could provide a welcome boost. Netflix posted a growth rate of 13.4 percent between April and June -- the lowest in nearly three years
Canara Bank Q2 credit and deposit growth outpaces FY27 targets, advances up 19.35% YoY
Canara Bank reported a 19.35% yearâonâyear rise in global advances and a 13.13% jump in deposits for the September quarter, surpassing the growth ranges it set for FY27. The bankâs overall business expanded 15.83% YoY, driven by strong retail, agriculture and MSME lending.
When Ravindra Kishore Sinha started his working life as a journalist in Patna, he was earning around Rs 250 a month. Mor
When Ravindra Kishore Sinha started his working life as a journalist in Patna, he was earning around Rs 250 a month. More than five decades later, the company he went on to build has grown into a listed business with consolidated revenue of nearly Rs
SIS Group: From Patna's Rs 250-a-Month Journalist to a Rs 16,000 Crore Listed Giant
Founded in 1974 by Ravindra Kishore Sinha to employ retired soldiers, SIS has evolved into a listed business-services major. With FY26 consolidated revenue near Rs 16,000 crore and a workforce of 3.5 lakh, the company operates globally in security, facility management, and cash logistics.
NaBFID nears SRO registration, targets Rs 5 trillion loan book by 2030
NaBFID is finalizing the registration of a self-regulatory organisation for infrastructure financiers to address sectoral issues with regulators. The lender recently closed a $750 million bond issue and aims to grow its loan book to Rs 5 trillion by 2030, focusing on a balanced mix of greenfield and operational projects.
Nifty 50 falls below 200âweek moving average for first time since COVID crash
On 1 Oct, the Nifty 50 closed under 22,500, slipping below its 200âweek moving average for the first time since the pandemicâera crash. Eight consecutive weeks of losses mark the longest losing streak in 25 years, driven by rising US 10âyear yields, high crude oil prices and sharp foreign outflows.
Anthropicâs IPO prospectus documents extensive partnerships with a handful of big tech firms. One stands out: chip maker
Anthropicâs IPO prospectus documents extensive partnerships with a handful of big tech firms. One stands out: chip maker Broadcom. The company's relationship with Anthropic spans compute supply, equipment leasing and financing -- giving the semicond
Smit Machchhar, the FlyDubai commander whose actions after being stabbed in the cockpit helped avert disaster, hadnât ev
Smit Machchhar, the FlyDubai commander whose actions after being stabbed in the cockpit helped avert disaster, hadnât even planned on becoming a pilot. He was working for his familyâs textile business in India when inspiration struck. âBecoming a p
Potential RBI repoârate hike threatens festiveâseason homebuyer demand
The RBIâs Monetary Policy Committee meets on Oct 5â7 and could lift the repo rate to 5.50 %. A 25âbasisâpoint increase would raise floatingârate homeâloan EMIs, pressuring firstâtime buyers and developers just as the marketâs key festive selling window opens.
Indian stock market: Nifty and Sensex indices decline, while the rupee's weakness and foreign selling pressure.
Indian stock market: Nifty and Sensex indices decline, while the rupee's weakness and foreign selling pressure.
Apple Pay Launches in India, but Merchant Terminal Support Determines Usage
Summary: Apple Pay, the popular contactless payment service, has arrived in India, but the ability to use it depends on whether the merchant's card terminal supports contactless payments.
NSE Gains Approval for Corporate Bond Index Futures Product; Next Step: RBI Approval
SEBI has granted the National Stock Exchange (NSE) a No Objection Certificate (NOC) for the development of corporate bond futures contracts. This development is significant for India's fixed income markets, as the corporate bond market is playing an increasingly important role in corporate financing.
SP Group Seeks Rs 25,000 Crore From Tata Sons Stake Sale Amid High-Cost Debt Pressure
The Shapoorji Pallonji Group has renewed its request to Tata Sons for a partial buyback of its 18.4% stake, aiming to raise at least Rs 25,000 crore. This move is driven by the need to refinance expensive debt with yields nearing 19% and comply with lender milestones, following the RBI's rejection of Tata Sons' request to surrender its core investment company registration.
APMI Leaders Project 5x Client Growth for PMS Industry via SEBI's New PRIM Framework
APMI Chairman Vikas Khemani and Vice-Chairman Sandeep Jethwani outlined a growth roadmap for India's portfolio management industry, which has crossed Rs 44.4 lakh crore in AUM. They highlighted that SEBI's new PRIM framework, lowering entry tickets to Rs 25 lakh, could expand the client base from 2 lakh to 10 lakh within three to four years.
Bessemer Venture Partners has welcomed Mayank Khanduja as a partner in its India practice, strengthening its early-stage investment team in the country. With over two decades of experience in India, Bessemer has invested in notable companies such as Mediaasist, Perfios, Swiggy, and Urban Company.
Recently, Bessemer Venture Partners announced the launch of its second India fund, with $350 million in capital, in March 2025. This fund focuses on sectors like artificial intelligence, fintech, enterprise technology, healthcare, consumer, and cybersecurity.
SBI's Decision on Apple Pay Partnership and UPI MDR Impacts
NEWZA News Report - Business & Personal Finance
Foreign Investors Keep Buying Indiaâs IPOs While Dumping Secondary Shares
Foreign portfolio investors (FPIs) have sold a record âš3 lakh crore in secondary markets in 2026, yet they poured over âš55 000 crore into Indian IPOs during the same period. The trend of buying primary and selling secondary has persisted for three years.
Digital NBFCs Sanction 3.4 Crore Personal Loans in Q1 FY26-27, Led by Younger Borrowers
Digital NBFCs sanctioned 3.4 crore personal loans worth Rs 64,656 crore in Q1 FY26-27, according to FACE. The report highlights a shift towards younger borrowers (58% under 35) and significant growth in Tier III cities and rural areas, with female borrowers seeing 59% growth in sanction value.
Infinigence AI Prepares for Hong Kong IPO to Raise Hundreds of Millions of Dollars
Chinese AI cloud provider Infinigence AI has filed confidentially for a Hong Kong IPO, targeting a raise of several hundred million USD. Backed by Tencent and Baidu, the company is valued at 14.3 billion yuan and leverages domestic chips to navigate US export restrictions.
India ranked 38th in the Global Innovation Index 2026, retaining its position as the leading innovation economy among lo
India ranked 38th in the Global Innovation Index 2026, retaining its position as the leading innovation economy among lower-middle-income countries. The World Intellectual Property Organizationâs Global Innovation Index, which ranks 139 economies, p
IRDAI chief calls for insurers to restore efficiency as cost ratios surge
IRDAI Chairman Ajay Sheth told CNBC-TV18 that life and general insurers have seen costâtoâincome ratios climb to 22% and 32% respectively, far above historic levels. He urged a return to the 15% efficiency seen six years ago and warned that high distribution commissions hurt policyholders.
Government Approves GEC-III Scheme for Renewable Energy Expansion in India
Industry experts said the Rs 1.86 lakh crore GEC-III scheme will help address transmission constraints, reduce renewable energy curtailment and support the evacuation of 135 GW of renewable power by FY33.
IRDAI Chairman Discusses Cost Increase in Insurance Industry and MGA Framework
Source: CNBC-TV18
Supreme Court Intervention in Healthcare Costs
Shares of major hospital companies extended their losses on Thursday after the Supreme Court criticised huge mark-ups on medicines and consumables dispensed by healthcare service providers. The scrutiny will be welcomed by patients, even though inves
Elara Securities Names ICICI Bank Top Pick, Flags Auto Margin Risks
Elara Securities has identified ICICI Bank as its top investment choice, citing strong growth visibility and minimal risks. Meanwhile, the brokerage maintains a cautious stance on the automobile sector, warning that rising raw material costs could compress margins and impact demand in the coming quarters.
Hospital Shares Remain Attractive Despite Supreme Courtâs MarginâCap Proposal
Elara Securitiesâ research chief says a 16% margin cap on medicines will likely trim hospital profits by only 5â10%, keeping shares attractive for mediumâterm investors.
Indian Equity Funds: How Big Funds Perform During Market Corrections
As markets slide, we compare the biggest large-cap, mid-cap, small-cap, flexi-cap and multi-cap funds with their benchmarks across two months, YTD, one year and two years.
Kotak Mahindra Bank Appoints Anup Saha as MD & CEO, Signaling Positive Outlook for Business
Prabhudas Lilladher is bullish on Kotak Mahindra Bank has recommended buy rating on the stock with a target price of Rs 500 in its research report dated October 01, 2026.
Kotak Mahindra Bank Eyes Growth Ahead of New CEO, Sector Optimism Grows
Elara Securitiesâ research head Bino Pathiparampil says Kotak Mahindra Bank has ample room to expand its balance sheet and credit book under a new CEO starting January 2027, while the broader banking sector shows attractive valuations and strong credit demand.
India boosts palm oil imports by over 200,000 tonnes after duty cut ahead of Diwali
Following a government decision to halve import duties on crude palm oil, Indian buyers have snapped up more than 200,000 tonnes in a week. The surge aims to replenish low inventories before the Diwali and wedding season, while offering a lift to global palm oil markets.
IT shares bucked the broader market trend and extended their gains in Thursday's trading session, even as domestic equit
IT shares bucked the broader market trend and extended their gains in Thursday's trading session, even as domestic equity markets crashed, after US inflation data showed a slower-than-expected rise in August, reducing expectations of a rate hike late
HFCL Shares Surge as Technical Analysts Discuss Uptrend Strength and Support Levels
Summary:
PSU Bond Issuances Fall as Investors Demand Higher Yields Ahead of Rate Hike
PSU bond issuances are declining as state-run firms withdraw or scale down sales due to high yield demands. Conversely, private companies and NBFCs raised Rs 87,305 crore in September, locking in costs before an expected rate hike.
Kotak Mahindra Bank's CEO appointment: Anup Saha's unique positioning
Sahaâs retail banking experience, track record of scaling consumer finance businesses and lack of history with Kotak Bank could have worked in his favour
Every fund examines a companyâs financials, customer references, cap table, legal documentation and operating metrics in
Every fund examines a companyâs financials, customer references, cap table, legal documentation and operating metrics in detail before signing the cheque. Most do this well. Far fewer apply the same scrutiny to the founder, and that gap is worth clos
Indian Equities Market: Ambit's 2026 Outlook - Cautious Recommendations
Ambit Institutional Research has released a report highlighting a cautious outlook for the Indian equities market in 2026. The report suggests an over-weight stance on sectors like FMCG, Pharma, Telecom, and IT. The report recommends equal-weight on banks and tactical calls on cement and IT. The report highlights that the market allocation stands at 71%, 23%, and 7% for large, mid, and small caps, respectively. The report notes that cash holdings stand at 2% for the year. {
PFRDA Expands Pension Coverage: NPS, NPS Swasthya, and Infrastructure Investments
PFRDA plans to add 3 crore NPS subscribers in two years through digital onboarding, UPI-linked account opening and greater pension coverage among private-sector and informal workers
Tata Group Stakeholders Challenge Noel Tata's Strategic Restructuring Proposal
Sir Dorabji Tata Trustâs vice-chairmen Venu Srinivasan and Vijay Singh said Noel advanced the restructuring proposal without any consultation
PFRDA to let pension funds invest directly in large infrastructure projects within two years
The Pension Fund Regulatory and Development Authority (PFRDA) will permit NPS pension funds to take direct stakes in major infrastructure projects from 2026, while expanding digital onboarding to add 20â30 million new subscribers, including informal workers.
Axis Capital: India's FY27 Fiscal Risks Ease as Tax Collections Outpace Budget Estimates
Axis Capital reports that India's FY27 fiscal risks have decreased significantly due to tax collections exceeding budget assumptions. Direct taxes and GST revenues are tracking well, while strong capital expenditure and manageable subsidy increases are supported by existing fiscal buffers.
Axis Pension Fund launches NPS Swasthya: Health-linked pension scheme with 25% medical fund allocation
Axis Pension Fund Management has launched the Axis NPS Swasthya Scheme, a voluntary health-linked pension product under the National Pension System. It allows subscribers to allocate up to 25% of contributions to a market-linked medical fund for healthcare expenses, integrating retirement savings with health security.
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Kotak Institutional Equities Releases Updated Ratings on Indian AMCs; Focus on Valuations and Fund Performance
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EU regulators probe Binanceâs use of âreverse solicitationâ after missed MiCA licence
European securities watchdogs are examining Binanceâs continued operations in the EU after the exchange failed to secure a Markets in CryptoâAssets (MiCA) licence. The probe focuses on the firmâs reliance on a reverseâsolicitation clause and follows earlier reports of nonâcompliance in Greece, France and Germany.
India-US Trade Relations Remain Uncertain Amid US Graham Bill Impacts
The assessment comes on the day commerce minister Piyush Goyal met US trade representative Jamieson Greer in Milwaukee, as the two sides continue efforts to conclude an interim trade agreement
FIIs Sell Rs 44,013 Crore in September as Nifty Posts Worst Month Since 2018
Foreign institutional investors sold a net Rs 44,013 crore of Indian equities in September, with the bulk of the selling occurring in the final four trading days. This intense outflow contributed to the Nifty's 6.1% monthly decline, its weakest September performance since 2018, while domestic institutional investors remained net buyers.
South Korea's Economy Shows Robust Performance in Q3, Boosting Won Strength and Inflation Control
South Koreaâs exports reached a record $814.5 billion in the first nine months of 2026, surpassing $800 billion for the first time, said the customs office.
Vishal Nirmiti IPO: Engineering prowess in various sectors
Vishal Nirmiti IPO: Engineering prowess in diverse sectors
Indiaâs GST Collections Cross Rs 2âŻLakh Crore Mark Again, Rising 14.7% YoY in September
For the third straight month, Indiaâs Goods and Services Tax (GST) receipts surpassed Rs 2 lakh crore, climbing 14.7% yearâonâyear to Rs 2.04 lakh crore in September. The jump was driven by a 25.9% rise in importârelated GST and a 10.1% rise in domestic collections.
While global markets hope for de-escalation, the strategic stakes in the Middle East make a quick ex
While global markets hope for de-escalation, the strategic stakes in the Middle East make a quick exit difficult. Here's what it m... Explore 230+ exclusive editorials every month Uncover Insights from World-Renowned Experts and Journalists 40+ we
PM Modi praises Captain Smit Machchhar for averting disaster on flydubai flight
Prime Minister Narendra Modi lauded Captain Smit Machchhar, the Indian pilot who foiled a coâpilotâs alleged attempt to crash a flydubai flight to Tel Aviv. Speaking at a UPSC centenary event, Modi said the heroâs actions saved hundreds and urged prayers for his recovery in Saudi Arabia.
MTNL Shares Surge 13% After Sale of Powai Property to Income Tax Department
Mahanagar Telephone Nigam Ltd. (MTNL) saw its shares climb nearly 13% after announcing the sale of its 20,895âsqâmetre Powai property to the Income Tax Department for âš891.53 crore. The move comes amid the companyâs effort to clear âš24,071 crore of sovereignâguarantee bonds and other debts.
Auto stocks tumble as Bajaj Auto and Mahindra & Mahindra miss September sales estimates
Indian auto shares fell sharply on Oct 1 after September sales data from Bajaj Auto and Mahindra & Mahindra fell short of forecasts, dragging the Nifty Auto index down 3.15%. Hyundai Motor India bucked the trend with sales above expectations.
Nityas Gems IPO sees 31% subscription on Day 2; retail leads demand
Nityas Gems and Jewellery's IPO recorded 31% subscription by 11:00 am on October 1, with retail investors driving 82% of the demand. The Rs 108.42-crore issue remains open until October 5, with allotments expected on October 6 and listing on October 8.
Taxpayers Cannot Offset RsâŻ1.95âŻCrore Trading Loss Against Personal ShortâTerm Capital Gains
A taxpayer who incurred a Rs 1.95 crore loss trading in his wifeâs demat account using an interestâfree loan cannot set it off against his own shortâterm capital gains. Income tax rules treat speculative losses separately and prohibit offsetting them against other income heads.
Global Markets Hope for De-escalation; Middle East Strategic Stakes Make Quick Exit Challenging
Global financial markets are hoping for a de-escalation in the Middle East conflict, but the strategic stakes involved make a swift exit difficult.
Motilal Oswal's research report onLG Electronics India
Motilal Oswal's research report onLG Electronics India Our recent interaction with LG Electronics India (LGEIL) management suggests healthy revenue growth momentum across key segments, aided by healthy consumer demand and its premiumization strategy
Technical rally lifts Sarthak Metals, Sterling Tools and Pix Transmissions as market awaits fresh catalysts
On October 1, a handful of Indian shares broke out on strong price action, trading above key shortâ to mediumâterm moving averages. Sarthak Metals surged 16%, while Sterling Tools and Pix Transmissions posted gains of over 5%, contrasting with a broader market lacking fresh news triggers.
India Manufacturing PMI Hits 7-Month High of 55.1 in September
India's manufacturing sector expanded at its fastest pace in seven months in September, with the HSBC PMI rising to 55.1 from 52.8 in August. The rebound was driven by stronger domestic and export demand for electronics, pharma, and textiles, alongside a resumption in hiring.
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Dalal Street reacts to Chalet Hotels dip and Kotak Mahindra Bank rally on OctâŻ1
On October 1, Indian equities saw mixed performance. Chalet Hotels slipped 1% despite a Jefferies buy rating, while Kotak Mahindra Bank rose over 3% after RBI cleared the appointment of Anup Kumar Saha as MD & CEO. The Nifty IT and Private Bank indices led gains, whereas Auto and Metal lagged.
Cryptocurrency Market Update: Bitcoin Stable, ETF Flows, and US Jobs Data Watch
Source: CoinSwitch
Indiaâs Q2 FY27 GDP Growth Forecasted at 7.3% Amid Moderated Momentum and External Risks
The Finance Ministry nowcasts a 7.3 % rise in Indiaâs real GDP for Q2 FY27, down from 7.8 % in the first quarter. While services activity strengthens, manufacturing and eâway bill generation slow. Rising geopolitical, trade and inflation risks, along with cautious FDI sentiment, temper the outlook.
Q2FY22: IT Services Industry Growth Challenges Amidst AI-driven productivity gains and forex losses
Indian IT firms are likely to see muted Q2FY27 growth as AI-led productivity gains put pressure on pricing, while new AI revenue remains too small to offset the impact, Kotak Institutional Equities said.
Shah Investorâs Home IPO allotment to be finalised today as shares oversubscribed 38.12âtimes
The allotment for Shah Investorâs Home Ltd.âs Rs 90.17 crore IPO will be confirmed on October 1 after a threeâday bidding window saw the issue subscribed 38.12âtimes overall, with nonâinstitutional investors demanding the shares 95.54âtimes.
Anarock Property Consultants files DRHP for Rs 1,000 crore IPO
Mumbai-based real estate advisory firm Anarock Property Consultants has filed its DRHP with SEBI to raise up to Rs 1,000 crore via an IPO. The company reported a 53.4% surge in profits for FY26, with proceeds earmarked for technology upgrades and acquisitions.
IndiaâUS Trade Talks Advance: Goyal Meets USTR Greer in Milwaukee to Push Interim Agreement
Commerce Minister Piyush Goyal met US Trade Representative Jamieson Greer in Milwaukee to accelerate an interim phase of the IndiaâUS Bilateral Trade Agreement. The meeting, held during the G20 Trade Ministersâ session, follows a recent call between Prime Minister Narendra Modi and President Donald Trump.
Punjabâs Rice Harvest Looms as Over 92% of Kharif Area Planted, Prompting Calls for Crop Diversification
Punjabâs upcoming rice harvest will cover 32.86 lakh hectares â more than 92% of the stateâs kharif area â a sharp rise from 2016â17. With groundwater overâextracted by 156% and nonârice crops falling 62%, experts urge valueâchainâdriven diversification and waterâsaving practices like directâseeded rice.
A-One Steels shares debut at Rs 455 on NSE, up 12.34% over IPO price
A-One Steels India Ltd. shares listed on the NSE at Rs 455, marking a 12.34% premium over the IPO issue price of Rs 405. The Bengaluru-based steel manufacturer raised Rs 405 crore in its IPO, which was subscribed 11.61 times. Post-listing, the company's market capitalization stands at Rs 3,336.54 crore.
While global markets hope for de-escalation, the strategic stakes in the Middle East make a quick ex
While global markets hope for de-escalation, the strategic stakes in the Middle East make a quick exit difficult. Here's what it m... Explore 230+ exclusive editorials every month Uncover Insights from World-Renowned Experts and Journalists 40+ we
Dalal Street: Highway Infrastructure, Zydus, Mahindra Stocks Shift
Dalal Street on Oct 1 saw Highway Infrastructure jump 8 % after securing a âš220.66 cr tollâplaza contract and a âš24.46 cr NHAI acceptance. Zydus Lifesciences shares fell on HSBCâs hold call, while Mahindra & Mahindra and SML Mahindra experienced mixed moves amid sales growth and export declines. Lemon Tree Hotels rose after opening a new property.
Commercial 19-kg LPG cylinders will now cost roughly Rs 62-72 more than they did in September, with
Commercial 19-kg LPG cylinders will now cost roughly Rs 62-72 more than they did in September, with the increase coming as festive-season orders begin to pick up. Prices of domestic LPG cylinders remain unchanged. Additionally, a commercial LPG cyli
SRIT India IPO allotment to be finalised as demand surges; shares to list on OctâŻ6
Bengaluruâbased IT services firm SRIT India expects its IPO allotment to be confirmed on Oct 1 following a 125âfold overall subscription. The issue, priced at Rs 123â130 per share, will list on the BSE and NSE on Oct 6, with refunds starting Oct 5.
Moneyview shares list at 62% premium on NSE, BSE
Moneyview, a digital lending platform, listed on Indian stock exchanges on Thursday with a significant premium. Shares opened at Rs 55 on the NSE and Rs 55.61 on the BSE, exceeding the IPO price band of Rs 32-34. The company's market capitalization stood at approximately Rs 9,788 crore post-listing.
UPI Transactions Reach Record Highs, But Daily Transaction Size Declines in September
Transaction volumes rise 22.6 percent year-on-year, while average ticket size remains near record lows as UPI usage deepens for smaller payments
Sensex, Nifty slip as FII selling hits Rs 10,000 crore; crude easing limits losses
Indian equity indices declined on Thursday as foreign institutional investors extended their selling streak to a fifth session, offloading over Rs 10,000 crore. While high US Treasury yields and a weakening rupee pressured the market, easing crude oil prices provided some support.
Inox Air Products files DRHP for Rs 7.71 crore share OFS; no fresh issue
Inox Air Products has filed a draft prospectus with SEBI for an initial public offering comprising an offer-for-sale of 7.71 crore shares. The company, a joint venture between INOX Group and Air Products, reported a 3.7% rise in profit to Rs 913.9 crore for FY26.
IRDAIâs Distribution Reform Could Boost LifeâInsurance Savings Returns by up to 1âŻ%
The Insurance Regulatory and Development Authority of India (IRDAI) is proposing lower commission limits for life insurers. Early estimates suggest that savings policies could see internal rate of return (IRR) gains of 50â100 basis points, translating into higher maturity benefits for policyholders.
Hospital stocks dip again as investors weigh Supreme Courtâs medicine markâup scrutiny
Hospital shares fell 2â3% on Thursday as investors assessed the Supreme Courtâs warning over steep medicine markâups. Apollo, Max, Fortis and KIMS were among the biggest losers, while the Nifty Healthcare index slipped 0.4%. Analysts say the real impact depends on future regulatory action.
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Kotak Mahindra Bank Names Anup Kumar Saha as MD & CEO, Shares Surge 3%
Kotak Mahindra Bank announced that Anup Kumar Saha will become its Managing Director and CEO from 1 January 2027. The appointment sent the bankâs shares up more than 3% in early trading on the NSE.
Indian Rupee Opens at 95.95/US$ Amid Rising Oil Prices and US Treasury Yields
On 1 Oct, the rupee slipped to âš95.95 per US dollar, weighed down by higher oil prices, a surge in US Treasury yields and fading expectations of a Fed rate cut. The move signals continued pressure on the currency as global markets react to geopolitical and inflationary forces.
RBI faces liquidity surge as $133âŻbn diaspora inflow fuels rateâhike calls
A record $133 bn inflow from the Indian diaspora has flooded banks with cash, pushing overnight rates below the RBIâs 5.25% policy rate. The central bank has already drained over âš1 trn and is expected to take further action, while economists warn a rate hike may become inevitable.
While global markets hope for de-escalation, the strategic stakes in the Middle East make a quick ex
While global markets hope for de-escalation, the strategic stakes in the Middle East make a quick exit difficult. Here's what it m... Explore 230+ exclusive editorials every month Uncover Insights from World-Renowned Experts and Journalists 40+ we
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Indian indices set to open lower as foreign outflows persist and US rateâcut hopes rise
The Sensex and Nifty are expected to start Thursday in the red after a third straight session of decline. Foreign Institutional Investors sold over Rs 10,000 crore of Indian stocks for a second day, while domestic institutions bought Rs 11,271 crore. A softer US inflation print cut the odds of an October Fed hike to 38%, easing pressure on global risk assets.
Nifty 50 slips 0.4% as market breadth narrows; technical analysts flag bullish setups in select stocks
On September 30 the Nifty 50 fell 0.4% with almost equal numbers of advancing and declining stocks. Analysts noted bearish bias in the broader market but highlighted bullish technical signals for Gujarat Pipavav Port, Sona BLW Precision Forgings, Suraksha Diagnostic, Action Construction Equipment, and Dr Lal PathLabs.
Tata Sons board not briefed on Rs 330âŻcr Hanno One industrial park with TVS Motor
A Mint report says N Chandrasekaran and TVS Motor chairman Venu Srinivasan failed to inform the Tata Sons board about a Rs 330 crore industrial park in Karnataka involving Chandrasekaranâs family firm Hanno One Warehousing, raising governance concerns.
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DoorDash Launches Hyderabad Tech Hub, Aims to Add 3,000 Jobs in India
US foodâdelivery giant DoorDash has opened a new global technology centre in Hyderabad, starting with 500 staff and targeting 3,000 jobs over two years. The hub will support customerâservice and administrative functions as the company scales its Indian operations.
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Oil steadies while gold holds at $4,155 as softer US inflation data eases Fed rateâhike bets
On Oct 1, Asian commodity trading saw Brent crude barely change at $98.15 a barrel and gold hover around $4,155 an ounce after US core inflation came in lower than expected, dampening expectations of an imminent Federal Reserve rate hike. The dollar stayed near a twoâmonth high, supported by rising Treasury yields.
Nifty 50 Holds at 22,620 as Technical and Macro Factors Keep Markets Cautious
On September 30, the Nifty 50 slipped 96 points to 22,620 while Bank Nifty rose 373 points to 54,633. Analysts warn that a break below the 22,500 support could trigger a slide toward 22,200, whereas a move above 22,850 would signal a shift to bullish sentiment. RBIâs upcoming policy meeting and high oil prices add to market uncertainty.
Indian Gold Prices Rise to RsâŻ1,47,613 per 10âŻg as US Futures Edge Up
Spot gold in India climbed to Rs 1,47,613 per 10 g on 30 September, while US gold futures ticked up 0.10 % to $4,191 per ounce. Silver prices held steady, and the market now eyes key U.S. economic releases that could shape Fed policy expectations.
SIF Assets Cross Rs 31,175 Crore, Three Platforms Dominate 68.5% of the Market
Specialised Investment Funds (SIFs) have amassed Rs 31,175 crore across 33 platforms, with Altiva, iSIF and Magnum controlling 68.5% of assets. The concentration highlights early dominance by established fund houses, but the sector may shift as new players enter.
Indian equities likely to open lower on OctâŻ1 as GIFT Nifty slides to 22,631; FIIs sell over âš10,000âŻcr
The benchmark Sensex and Nifty are expected to open lower on October 1, with GIFT Nifty trading around 22,631.5. Domestic indices ended September 30 marginally down, while foreign institutional investors sold more than âš10,000 cr for the fifth straight day and domestic investors bought âš11,271 cr.
MCX Faces âš98âŻCr GST Bill While Aurobindo Pharma Launches US Dermatology Product
The MCX exchange received a showâcause notice demanding âš54.08 cr in tax and âš43.82 cr in interest for FY23, while Aurobindo Pharmaâs U.S. subsidiary Acrotech Biopharma introduced the ADQUEY difamilast ointment, marking its first entry into the U.S. dermatology market. Indian indices slipped slightly amid global market volatility.
Shriram Life CIO Ajit Banerjee forecasts RBI rate hikes and highlights sector opportunities amid market consolidation
In a Moneycontrol interview, Ajit Banerjee, President and CIO of Shriram Life Insurance, expects the RBI to raise the repo rate by 25 basis points in October and another 25 bps in December, then adopt a waitâandâwatch stance. He sees a nearâterm consolidation phase for Indian equities, with selective opportunities in IT, healthcare, industrials, capitalâmarket platforms and energyâindigenisation themes.
Acrotech Biopharma Launches US Dermatology Drug ADQUEY, Secures Rs 500âŻCr Orders and TollâPlaza Contract
Acrotech Biopharma Inc. has introduced its first US dermatology product, ADQUEY, a difamilast 1% ointment. The launch is backed by Rs 500.22 cr of new orders and a Rs 220.66 cr contract to manage toll plazas on the Gorakhpur Link Expressway.
Global Oil Supply Shortage: Inventories Shrink, Market Buffer May Last 6â9 Months
Global crude output fell about 9 million barrels per day (bpd) from MarchâAugust, while demand dipped less, creating a supply gap. Inventories have dropped 507 million barrels, leaving a 6â9 month buffer that could shrink if production does not rebound.
Geojit Financial Services appoints Jones George as MD, C J George as Executive Chairman
Geojit Financial Services has appointed Jones George as Managing Director and C J George as Executive Chairman, effective October 1, 2026. The move, approved by the board, marks a key step in the firm's long-term succession planning after nearly four decades of leadership by the founder.
FIIs record biggest singleâday outflow in six months as Nifty slips 0.4%
Foreign institutional investors dumped Rs 10,148.41 crore of Indian equities on September 30, the largest oneâday outflow since March. Domestic institutions bought Rs 11,271.73 crore, keeping net inflows positive for the month despite the sharp foreign sellâoff.
Former NITI Aayog chief calls Indiaâs CAFEâIII fuelâefficiency rules a missed chance for EV push
Amitabh Kant, exâCEO of NITI Aayog, said the newly notified CAFEâIII standards fall short of accelerating electricâvehicle adoption. The rules, effective from April 2027, tighten fleetâaverage fuel consumption by 16.7% over five years and give EVs a 3âtimes volume credit, but target only 11% electric sales by 2032. Automakers have welcomed the technologyâneutral approach, while industry bodies see scope for ethanol and CNG as compliance options.
Government Reveals Revised Export Duty Rates on Diesel, ATF, and Petrol
The government has cut the windfall tax on diesel and ATF exports from October 1 while retaining the levy on petrol exports at Rs 0.5 per litre for the next fortnight.
Nifty 50 sinks to sixâmonth low as US yields rise and technical signals turn bearish
On 30 September the Nifty 50 dropped 0.4 %, ending at a new sixâmonth low. Rising US Treasury yields, weak technicals and options data point to a bearish outlook, with key support at 22,550â22,500 and potential resistance near 23,000.
Jio Financial Services and Allianz Europe BV Invest Rs 640 Crore in Joint Venture Jio Allianz General Insurance Limited
In May this year, Jio Financial Services said it had incorporated a joint venture with Allianz Europe BV, named Jio Allianz General Insurance Limited.
FTC Launches Industry-Wide Probe into Anthropic, OpenAI Over Rogue AI Agent Risks
The US Federal Trade Commission has initiated a formal probe into major AI developers, including Anthropic and OpenAI, to assess consumer risks posed by autonomous AI agents. This marks the first official US enforcement action targeting rogue AI behavior, prompted by recent security incidents and concerns over uncontrolled technology.
Air Indiaâs new CEO Tewolde Gebremariam cleared to take charge on Thursday
Air India has secured security clearance for Ethiopian national Tewolde Gebremariam, who will assume the role of CEO and MD on Thursday, succeeding Campbell Wilson. Gebremariam has pledged cost discipline, profitability and safety as top priorities amid the carrierâs expansion drive.
BlockâDeal Roundup: Unifi Capital, L&T entities and Spark Financial make sizeable stakes in Indian listed assets
Unifi Capital bought a 3% stake in GNG Electronics for Rs 230.8 cr, L&Tâs four entities acquired 4.33% of IRB InvIT Fund for Rs 351.65 cr, and Spark Financial Holdings purchased Rs 50.32 cr of NDR INVIT Trust units, all via openâmarket block deals on September 30.
India's Domestic Air Travel Demand Continues to Decline, Middle East Carriers Face Challenges
Indian airlines' passenger load factor (PLF) declined by 5.4 percentage points (ppt) year-on-year (YoY) in August, according to the International Air Transport Association (IATA).
HDFC Mutual Fund Acquires 2% Stake in Molbio Diagnostics; Motilal Oswal trims stake in Molbio Diagnostics by 2%
SEBI-approved HDFC Mutual Fund has acquired a 2% stake in Molbio Diagnostics, a Goa-based diagnostic solutions provider, for Rs 302.46 crore at Rs 1,315.01 per share.
CCI Approves Bain Capital-led Investment in Volkswagen's Engineering Subsidiary Everllence
The transaction involves the
US Inflation Surprise Fuels Fed HoldâRate Bet, Boosts S&P 500
U.S. core inflation fell to 0.2% in August, below expectations, prompting a 2âbasisâpoint drop in 2âyear Treasury yields and a rebound in the S&P 500. Markets now see a lower chance of an October Fed rate hike.
DGFT extends RELIEF scheme eligibility to March 2027 for exporters
The Directorate General of Foreign Trade (DGFT) has extended the eligibility period for Component II of the RELIEF intervention by six months, allowing Indian exporters to meet criteria until March 31, 2027. The move aims to mitigate logistical challenges and costs arising from the ongoing West Asia crisis.
Credit Ratings Agency Reports Improved Credit Ratio for Indian Corporate Sector in H1FY27
Crisil Ratings said India Inc's deleveraged balance sheets and improving credit quality should cushion companies against a possible 50 basis point RBI rate hike and external risks.
Indian Government Extends RoDTEP Scheme for Exporters Until December 31, 2026
Source: Ministry of Finance News Release
RBI Data: India's Net External Liabilities Rise to $220.3 Billion in Q1 FY27
Reserve Bank of India data shows net claims of non-residents on India increased by $16.5 billion in the April-June quarter, reaching $220.3 billion. This rise was driven by higher direct and other investments, partially offset by a drop in portfolio equity holdings.
Karnataka launches Rs 25 crore 'Government First' initiative to support 100 startups
The Karnataka government has launched a three-year, Rs 25 crore 'Government First' initiative under its Startup Policy 2025-30. The programme aims to support up to 100 startups by providing pilot funding and positioning the state government as an early adopter of innovative public-sector solutions.
Bank credit to Indian industry jumps 18.2% in August 2026, RBI data shows
Reserve Bank of India data for the fortnight ended 31 August 2026 shows bank credit to industry surged 18.2% yearâonâyear, with nonâfood credit up 18.8%. Growth was broadâbased across large, medium and small firms and spanned infrastructure, engineering, chemicals, services and agriculture.
BMW to Cut 20% of Senior Management Using AI, Aiming to Slash 8,000 Jobs
BMW AG announced a plan to use artificial intelligence to reduce about 20 % of its senior management, eliminating roughly 100 highâlevel posts and targeting 8,000 total positions by midâ2025. The move is part of a costâcutting drive amid weak China sales and a profit warning.
The Union Cabinetâs decision to raise minimum support prices (MSP) for rabi crops for the 2027-28 marketing season could
The Union Cabinetâs decision to raise minimum support prices (MSP) for rabi crops for the 2027-28 marketing season could encourage a shift in acreage from wheat towards pulses and oilseeds, with the wheat MSP rising by just Rs 25 per quintal while sa
Vardhman Appliances and Shreejikrupa Project file IPO drafts with SEBI, seeking Rs 250âŻcr and Rs 500âŻcr respectively
Consumerâappliance maker Vardhman Appliances and infrastructure firm Shreejikrupa Project have lodged draft redâherring prospectuses with SEBI. Vardhman aims to raise up to Rs 250 cr via fresh equity and an OFS of 2.5 cr shares, while Shreejikrupa seeks up to Rs 410 cr fresh issue plus Rs 90 cr OFS. Proceeds will fund new projects, debt repayment and working capital.
Flydubai Pilot Arrested in Saudi Arabia After Cockpit Altercation on Dubai-Tel Aviv Flight
Saudi Arabia has arrested a flydubai pilot accused of stabbing an Indian-origin co-pilot during a flight from Dubai to Tel Aviv. Israeli PM Netanyahu stated the pilot attempted to crash the aircraft, but passengers intervened. The plane made an emergency landing in Tabuk, Saudi Arabia.
Wadhwa Group Holdings Ltd, the holding company of Mumbai-based real estate developer The Wadhwa Group, has confidentiall
Wadhwa Group Holdings Ltd, the holding company of Mumbai-based real estate developer The Wadhwa Group, has confidentially filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India for a proposed initial public offe
Inox Clean Energy leads Rs 10,000 crore IPO wave as nearly a dozen firms file with SEBI
Nearly a dozen companies, including Inox Clean Energy and Shreejikrupa Project, have filed preliminary IPO papers with SEBI. Inox Clean Energy's proposed issue is the largest at up to Rs 10,000 crore, while others like Vardhman Appliances and Pioneer Fabricators seek smaller capital raises for expansion and debt repayment.
Ministry of Mines to auction two offshore mineral blocks in Andaman Sea region for enhanced mineral resource development
The Ministry of Mines will auction two offshore mineral blocks in the Andaman Sea on October 1, seeking to boost exploration, private investment and India's long-term mineral resource security.
Modi and Trump Discuss Trade, Defence and Global Partnership Over Phone
Prime Minister Narendra Modi spoke with US President Donald Trump on 30 September, covering trade, defence, energy and technology. Both leaders reaffirmed the IndiaâUS Comprehensive Global Strategic Partnership and agreed to keep close engagement, following their last faceâtoâface meeting at the G7 summit.
US consumer spending jumps 0.6% in August, the strongest rise in over a year
Inflationâadjusted personal spending in the United States grew 0.6% in August, the biggest monthly increase since March 2025. The rise came despite a 0.3% rise in the Fedâs preferred PCE price index and a personal saving rate that slipped to 4.1%, the lowest level since 2022.
Vishakha Renewables Files IPO DRHP, Aims to Raise Rs 1,250 Crore
Solar components maker Vishakha Renewables, backed by the Adani group, has filed a draft red herring prospectus with SEBI to launch an IPO that includes a fresh issue of Rs 1,250 crore and an offerâforâsale of 1.81 crore shares. The company plans to use most of the fresh proceeds to repay debt and fund growth.
The Reserve Bank of India's net forward dollar liabilities ballooned to a record $200 billion in August, per data releas
The Reserve Bank of India's net forward dollar liabilities ballooned to a record $200 billion in August, per data released on Wednesday, as the central bank absorbed a surge in one-off policy-induced dollar inflows. Forward liabilities rose $63 bill
US companies stepped up hiring in September, another sign that the economy may be picking up.
US companies stepped up hiring in September, another sign that the economy may be picking up. Private-sector payrolls rose by 90,000, the most in three months, according to ADP Research data out Wednesday. The median estimate in a Bloomberg survey o
Govt maintains PPF, SCSS, and other small savings rates for Oct-Dec 2026
The Indian government has kept interest rates on major small savings schemes, including PPF, SCSS, and NSC, unchanged for the October-December 2026 quarter. PPF remains at 7.1%, while SCSS and SSY stay at 8.2%, following a similar decision in the previous quarter.
Bengaluru West City Corp deploys AI voice agents to recover Rs 35.1 crore in property tax dues
Bengaluru West City Corporation has utilized AI-driven voice calls to contact property owners with pending tax dues. The initiative reached nearly 60,000 taxpayers, resulting in commitments to pay Rs 35.1 crore in arrears while also correcting over 23,000 errors in civic records.
Understanding Income Clubbing for Minors: A Parent's Guide to Income Tax Act, 2025
The clubbing provisions will apply irrespective of the source of funds for making such investments.
Indiaâs August 2026 bank credit expands 19% YoY, led by services and industry while goldâloan growth eases
Bank credit in India rose 19.1% yearâonâyear in August 2026, driven by strong gains in industry (18.2%), services (24.3%) and agriculture (17.2%). Growth in goldâlinked loans moderated sharply to 83.2%, down from a 130% surge a year earlier.
Delhi-based Matangi Rubber, a manufacturer of tyre flaps, tubes, tyres and rubber compounds, has received approval from
Delhi-based Matangi Rubber, a manufacturer of tyre flaps, tubes, tyres and rubber compounds, has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO) plans. The company had filed
Karnataka Launches Textile & Apparel Policy 4.0 to Attract âš20,000 Crore Investment and Create 5âŻLakh Jobs
The Karnataka government has unveiled its Textile & Apparel Policy 4.0 (2026â31), aiming to draw âš20,000 crore in investment, generate 5 lakh jobs, and position the state as a global textile hub. The policy offers incentives across 34 taluks, a PM MITRA Park, and new support for silk, technical textiles, handloom, and sustainability.
India urges US manufacturers to expand in the country as G20 trade talks continue
Commerce Minister Piyush Goyal, speaking at a National Association of Manufacturers roundtable in Milwaukee, called on US firms to deepen investment, partner with Indian SMEs and coâinvest in advanced manufacturing, citing opportunities for resilient supply chains and a growing Indian industrial base.
PC Jeweller Achieves Debt-Free Status: Balance Sheet Strengthens
The company said it made the repayments ahead of the scheduled due dates.
BigBasket CEO Hari Menon Retires, Continues Role on Board and Mentorship
Menon stepped down as CEO in June and will continue on BigBasketâs board, while mentoring the leadership team.
Stallion Asset to Launch Category 3 AIF within weeks, outperforming benchmark
SEBI Approves Stallion Asset's Category 3 AIF Application
Sovereign Gold Bonds: Changes in Tax Rules and Premature Redemption Details
Four Sovereign Gold Bond tranches are eligible for premature redemption in October 2026. Check the redemption dates and request deadlines before submitting your exit request
India's Renewable Energy Corridor Phase III: Ensuring Grid Integration and Battery Storage
The Indian government has approved the Green Energy Corridor Phase III (GEC-III) to support the integration of renewable energy into the grid and the deployment of battery storage systems. The scheme is a significant expansion of the Green Energy Corridor programme, originally designed to strengthen transmission networks in states with high renewable energy potential. The project aims to reduce the risk of curtailment and improve the power system's ability to handle fluctuations in renewable generation.
Nifty 50 hits six-month low at 22,620 as selling pressure persists
The Nifty 50 closed 0.42% lower at 22,620 on September 30, marking a fresh six-month low and a 6% monthly decline. Technical indicators show bearish momentum, with 22,500 identified as critical support, while the Bank Nifty outperformed with a 0.69% gain.
KP Group's Faruk G Patel: From Logistics Roots to Rs 10,964 Crore Renewable Energy Conglomerate
Faruk G Patel transformed a 1994 logistics venture into KP Group, a conglomerate valued at Rs 10,964 crore as of August 2026. The group, which includes three listed entities, has pivoted from telecom infrastructure to renewable energy, citing resilience through past business setbacks as key to its current 9.2 GW portfolio.
Maruti Suzuki set to benefit from new CAFE-III fuel efficiency norms
The Indian government has notified CAFE-III norms effective April 2027, shifting to a weight-sensitive approach that favors lighter vehicles. Maruti Suzuki, the country's largest small-car maker, welcomed the move, citing balanced targets and recognition of diverse powertrain technologies.
Indiaâs Registered Manufacturing Adds 1.4âŻMillion Jobs, GVA Surges 9.6âŻ% in 2024â25
In 2024â25 the formal manufacturing sector employed over 20 million people, up 7.2 % from the previous year. Gross value added grew 9.6 % to âš26.94 lakh crore, while fixed capital rose 10.5 %. Tamil Nadu, Maharashtra and Gujarat remain the biggest contributors.
REC Stock Recovers from Low, Technical Analyst Warns of Continued Selling Pressure
An analyst said that from a technical perspective, the stock continues to trade below its key moving averages, keeping the broader trend weak.
Centre's Budget Borrowing and Subsidy Spending: Increase in Fiscal Deficit and Capital Expenditure
Centreâs fiscal deficit stood at Rs 7.10 lakh crore at the end of August, while major subsidy spending rose to Rs 1.87 lakh crore from Rs 1.50 lakh crore a year ago
Vedanta Iron and Steel shares witnessed profit booking in Wednesday's trading session, a day after the stock hit the upp
Vedanta Iron and Steel shares witnessed profit booking in Wednesday's trading session, a day after the stock hit the upper circuit limit. Shares ofVedanta Iron and Steelsettled at Rs 32.30 per share on the NSE, down 1.67 percent. The profit booking
Bank Nifty rebounds to 54,633 as ICICI, Kotak lead gains; Sensex slips to 72,480
Bank Nifty outperformed broader markets on September 30, closing up 0.69% at 54,633. Gains in ICICI Bank and Kotak Mahindra Bank offset losses in HDFC Bank. Meanwhile, the Sensex and Nifty 50 extended their losing streak to three days due to global bond yields and crude oil prices.
Dollar Strength Continues Against Peers as US Data Boosts Monetary Tightening Bets
The Indian Rupee (INR) has been under pressure as the US dollar (USD) strengthens against its peers.
EPFO Wage Ceiling Hike to Rs 25,000: How It Affects Your Salary and PF Contributions
The EPFO has raised the statutory wage ceiling from Rs 15,000 to Rs 25,000, effective September 17, 2026. This change may increase monthly EPF deductions by up to Rs 1,200 for employees previously capped at the lower limit, reducing take-home pay but boosting retirement savings.
Government Announces Increased Minimum Support Prices for Rabi Crops and Renewable Energy Strategy
Secretary of the Cabinet Committee on Agricultural Costs and Prices (CACP), Union Minister Ashwini Kumar, said that the government's focus on renewable energy includes battery storage and the third phase of the Green Energy Corridor project.
Rupee climbs 13 paise to 95.81 per dollar as oil prices retreat and US dollar index eases
The Indian rupee closed at a provisional 95.81 per US dollar on Wednesday, gaining 13 paise on lower crude prices and a dip in the US dollar index. Domestic market weakness and stateâbank dollar sales kept the currency under the 96.00 barrier.
Indian Oil Importers Adjust Crude Supply Chain in Response to US Sanctions
New Delhi is expected to tread cautiously, gauging how aggressively Washington enforces the tariffs while exploring possible waivers or legal challenges and diversifying its crude purchases, analysts say
GST Council set to discuss refund automation, GCC export relief and easier registration on OctâŻ7
The GST Council will convene on Oct 7, its first meeting in over a year, to focus on process reforms rather than rate changes. Key items include automating lowârisk refunds, allowing global capability centres to treat certain services as exports, and simplifying multiâstate registration for microâenterprises selling online.
In a video address to staff to mark the close of Accenture Plcâs latest financial year on Aug. 31, Chief Executive Offic
In a video address to staff to mark the close of Accenture Plcâs latest financial year on Aug. 31, Chief Executive Officer Julie Sweet struck an upbeat note, hailing the consulting giantâs âbig movesâ to take on the age of artificial intelligence. â
Comparing Long-Term Returns of Top Flexi Cap Funds: Lump-sum vs SIP Investments
What would Rs 1 lakh invested at inception in old flexi-cap funds be worth today? Moneycontrol compares 13 funds, along with Rs 10,000 monthly SIP values, CAGR and XIRR.
CCAvenue Integrates Apple Pay for Indian Merchants, Expanding Payment Options
With Apple Pay now available through its merchant network, CCAvenue is extending this payment infrastructure to support transactions initiated from Apple devices.
Sensex ends 0.07% lower at 72,480; Nifty slips 0.42% as metal, pharma stocks drag market
Indian equity indices ended marginally lower on September 30, extending a three-day losing streak. The Sensex dropped 0.07% to 72,480.29, while the Nifty fell 0.42% to 22,620.45. Selling in metal and pharma sectors offset gains in banking and media, with over 120 stocks hitting 52-week lows.
TERI Study: CNG Has Lower Lifecycle Environmental Burden Than EVs in India Due to Coal-Heavy Grid
A new TERI study indicates that Compressed Natural Gas (CNG) currently has a lower overall lifecycle environmental impact than Electric Vehicles (EVs) in India, primarily due to the coal-dependent electricity grid. However, EVs remain the most cost-effective option for two- and three-wheelers, while CNG is preferred for passenger cars and buses.
Trade bodies drop âNo UPI Dayâ call after meeting with Finance Minister
After a meeting with Finance Minister Nirmala Sitharaman, leading trade organisations withdrew their call to observe October 2 as a âNo UPI Dayâ. The 0.4% fee on merchant payments above Rs 2,000 will still take effect on October 15, but concerns raised by small and medium businesses were acknowledged.
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Cabinet approves âš1.86 lakh crore PMâŻDHARA scheme to boost renewableâenergy evacuation by 135âŻGW
The Union Cabinet has renamed the Green Energy Corridor PhaseâIII as PM DHARA and approved a âš1,86,405 crore programme to add 51,126 km of transmission lines, 2,28,903 MVA of subâstation capacity and 50 GWh of battery storage, targeting 135 GW renewable evacuation by FY 2032â33.
Analysts urge West Bengal to adopt a focused, competitionâdriven investment strategy
Commentators argue that West Bengal must shift from generic outreach to a targeted, meritâbased approach, offering strategic incentives and transparent procurement to lure domestic and foreign investors and support India's 2047 development goal.
Global Banks Split on RBI Hike Path: BofA Sees 100 bps, Nomura Just 50 bps
Global banks are divided on the Reserve Bank of India's next move. BofA and HSBC predict aggressive tightening of up to 100 bps to manage liquidity and inflation, while Nomura forecasts a modest 50 bps increase, citing structural cooling in core inflation.
The Centre on Wednesday approved an increase in the Minimum Support Prices (MSP) for all six mandated rabi crops for the
The Centre on Wednesday approved an increase in the Minimum Support Prices (MSP) for all six mandated rabi crops for the 2027-28 marketing season. The decision was taken by the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister
Business Confidence Index in India: September's Growth Rate Reaches 8%
Source: NEWZA (NEWZA-001)
Supreme Court Reserves Judgement on CoC Withdrawal in TD Toll Road Pvt Ltd Insolvency Case
The central issue before the Supreme Court was whether the CoC retains the authority to reconsider its decision after approving a resolution plan, particularly when the plan is awaiting approval under Section 31 of the Insolvency and Bankruptcy Code (IBC).
CocaâCola eyes $10âŻbn valuation for IPO of Indian bottling arm
CocaâCola is preparing a draft prospectus for an initial public offering of its Indian bottling unit, targeting a $10 bn valuation. Axis Capital, IIFL Capital and other banks have been appointed, and the deal could raise about $1 bn, adding to a recordâbreaking IPO season in India.
"Future. Female. Forward: Mumbai Mega Summit - Driving Equity-driven progress for women in India's business landscape
SEO title: Mumbai Mega Summit - Women in Business: Equity-driven progress in India's business environment
Indian Markets Brace for Weak IT Earnings, Rural Uncertainty and a Slipping Rupee
Investors face a mixed outlook as Jefferies predicts the weakest IT growth in three years, El Ninoâdriven crop stress threatens rural demand, and the rupee has slipped over 6% in 2026 amid global turmoil. Gold, traditionally a safe haven, is also under pressure from higher U.S. yields.
S&P Global Projects India's FY27 Growth at 7%, Citing Energy Risks
S&P Global forecasts India's economic growth to moderate to 7% in FY27 from 7.8% in FY26, driven by global uncertainties and energy supply disruptions. The report highlights the Strait of Hormuz as a key vulnerability, noting significant reductions in crude, LPG, and LNG supplies, while emphasizing the need for infrastructure and financial market development to sustain momentum.
Railway PSU stocks rally, IRCON International surges 20% to oneâmonth high
Shares of railway publicâsector undertakings climbed as much as 14% on Wednesday, led by IRCON International, which rose 20% to Rs 122.96, its highest level in a month. Heavy trading volumes backed the gains, while IRCTC and RVNL also posted modest advances.
EverestIMS Tech IPO: 31% Subscription on Second Day, Sensex & Nifty Updates
Source: Moneycontrol.com
Nityas Gems & Jewellery Launches IPO, Receives 15% Subscription
Gujaratâbased Nityas Gems & Jewellery Limited opened its IPO on September 30, attracting only 15% of the 1.44 crore shares offered. Retail investors accounted for 38% of the demand, while the company plans to use 70 crore of the proceeds for working capital.
Shares of Action Construction Equipment rose 3.04% on September 30 after the company announced an order from the Border
Shares of Action Construction Equipment rose 3.04% on September 30 after the company announced an order from the Border Roads Organisation (BRO), Ministry of Defence, for 74 4X4 backhoe loaders. The stock was trading at Rs 1,242.50 on the NSE at 2:1
SEBI Chairman Clarifies RBI's Role in Overseas Investment Limits for Portfolio Managers
SEBI Chairman Tuhin Kanta Pandey stated that the Reserve Bank of India (RBI) determines limits on overseas fund transfers, following SEBI's approval of new rules allowing portfolio managers to invest client money abroad. The move is subject to FEMA and LRS guidelines.
India Inc's credit quality strengthened in H1FY27 despite geopolitical tensions, volatile energy prices, inflationary pr
India Inc's credit quality strengthened in H1FY27 despite geopolitical tensions, volatile energy prices, inflationary pressures and tighter global monetary conditions, according to CareEdge Ratings. CareEdge's credit ratio, or the proportion of rati
Indian Entertainment Industry Stocks Surge as Sun TV Network Limited Announces Interim Dividends and Annual Meeting Approval
On the sectoral front, Nifty Media rose the most and was up almost 4%, driven by a sharp rise in Sun TV Network
Flipkart staff grow restless as IPO timeline stays vague and senior exits rise
Flipkart employees are increasingly frustrated by the lack of a clear IPO timeline, prompting senior executives to leave and prompting comparisons with peers like Swiggy and Meesho that have already delivered liquidity to staff through public listings.
Indian Entrepreneurs Embrace Artificial Intelligence, but Data Privacy and Security Risks Top Concerns - NEWZA
Singapore leads residency choices in HSBCâs 2026 survey; 97% of Indian respondents expect wealth growth and 54% plan to spend 11â30% of turnover on AI.
BSE shares fall 2.5% as Goldman Sachs, BNP Paribas exit ahead of Nifty 50 inclusion
BSE shares declined 2.5% on September 30 following their inclusion in the Nifty 50 index. Goldman Sachs and BNP Paribas sold a combined 68.33 lakh shares worth approximately Rs 2,186 crore in bulk deals. Conversely, Wipro shares rose 2.4% after exiting the benchmark index.
Hotmail coâfounder Sabeer Bhatia calls for 55% inheritance tax in India
Hotmail coâfounder Sabeer Bhatia suggested a 55% levy on inherited wealth, saying it would target the top 2â3% of Indians while leaving 97â98% untouched. Experts warn of liquidity challenges and a shift in succession planning if such a tax is introduced.
Indian Government Announces New Tax Policy Amendments: Business and Finance News
The Indian government has announced significant tax policy amendments, aiming to boost the economy and improve the tax system. The changes include simplifying tax procedures, increasing tax base, and enhancing transparency. The report highlights the potential impact on businesses, taxpayers, and the economy.
The Centre is due to announce the interest rates applicable to small savings schemes for the October
The Centre is due to announce the interest rates applicable to small savings schemes for the October-December 2026 quarter on September 30, with savers awaiting clarity on whether returns will remain at existing levels or be revised. The quarterly r
ICICI Lombard Digital Day Highlights: Technology-led Insurance Model and Growing Demand Potential
Motilal Oswal recommended Neutral rating on ICICI Lombard with a target price of Rs 1700 in its research report dated September 29, 2026.
STL Networks hits 5% upper circuit after winning Rs 250âŻcr RailTel cloudâinfrastructure bid
STL Networks' shares rose to the 5% upperâcircuit limit on the NSE, trading at Rs 51.93 after the firm was named the lowestâpriced bidder for RailTel's Rs 250 crore cloudâinfrastructure project covering design, supply, installation and deployment at its data centre and disasterârecovery site.
Shenzhen HFC's IPO Surge: A Multibillion-Dollar Business Story
Meet Sun Aixiang, the former plastics salesman who became a billionaire after his chip-cooling materials company's shares soared 719% on debut.
DoorDash Opens First Office in India, Bolsters Hyderabad's Growing Tech Ecosystem
The Indian news source:
SRIT India IPO Subscribed 33âTimes; GreyâMarket Premium Hits 27%
Bengaluruâbased IT firm SRIT Indiaâs IPO, priced at âš123ââš130 per share, attracted 33.4Ă overall demand, with nonâinstitutional investors leading at 94.7Ă. The greyâmarket premium stood at 27% on 30 September, ahead of the October 6 listing.
Gold Demand in India: The Evolution of Household Portfolios
Households do not abandon a well-functioning asset because they are told to. They need to see a superior alternative
Shriram Finance Forecasts 18% AUM Growth and 29% PAT Rise Amid Macro Headwinds
Motilal Oswal projects Shriram Finance to achieve an 18% CAGR in assets under management and a 29% CAGR in profit after tax from FY26 to FY28, despite higher crude prices and uneven monsoon. The brokerage recommends a buy with a target price of âš1,220.
Vishal Nirmiti IPO Subscribed 3% on First Day, Retail Investors 4%
On its first day of bidding, Vishal Nirmiti Ltdâs IPO attracted only 3% of the 84.71 lakh shares offered, with retail investors buying 4%. The companyâs price band is Rs 208â220, and the greyâmarket premium is up to 3%. Proceeds will fund working capital and debt repayment.
AceVector IPO Allotment Finalised: Check Status, Refunds, and Listing Date
AceVector, the parent company of Snapdeal, has finalised its IPO allotment on September 30. The Rs 420-crore issue was subscribed 4.93 times. Investors can check their status on BSE, NSE, or MUFG Intime. Refunds and Demat credits are scheduled for October 1, with listing on October 5.
Anthropic IPO: A New Perspective on the IPO Market Evolution
The IPO market has undergone a significant shift since 1980s. Anthropic, a young AI company, is set to go public in the coming months. Anthropic's IPO could be worth more than $2 trillion, according to the IPO prospectus.
UP International Trade Show 2026 records Rs 6,500âŻcr in MoUs, draws 598,000 visitors
The fourth Uttar Pradesh International Trade Show (UPITS) in Greater Noida logged 4,400 MoUs worth about Rs 6,500 crore â a 142.5% jump from last year â and attracted nearly 600,000 visitors, signalling growing domestic and foreign interest in the stateâs investment agenda.
Indian Stock Market: Sensex and Nifty50 Indexes Surge as GDP Growth Reaches 11-Year High
The Indian stock market experienced a surge in Sensex and Nifty50 indexes as GDP growth reaches a 11-year high. The Indian economy is experiencing a positive growth trajectory, with the Sensex and Nifty50 indexes surging. This indicates a strong economic performance and a positive outlook for the Indian economy. The article will also provide context and explain the significance of this development for investors and traders. The article will also mention future developments to watch for and provide expert insights. The article will be written in a reader-friendly tone, focusing on the most important facts and figures. The article will be written in a way that is informative and engaging for readers. {
SEBI chairman Tuhin Kanta Pandey on September 30 said that no panel of the market regulator is considering allowing self
SEBI chairman Tuhin Kanta Pandey on September 30 said that no panel of the market regulator is considering allowing self-trading in bourses' shares. His remarks come days after CNBC-TV18reportedthat SEBI is likely to form a committee to consider sel
Indian Government Announces New Tax Policy for Cryptocurrency Transactions
The Indian government has announced a new tax policy for cryptocurrency transactions. The policy aims to regulate the sector and protect consumers. The policy includes a 30% tax on cryptocurrency transactions. The government hopes to raise revenue and ensure consumer protection.
Runwal Enterprises IPO: Allotment Status, IPO Timeline, and Real Estate Developer Profile
The share allotment for theRunwal EnterprisesIPO is set to be finalised today, September 30. Investors who applied for the Rs 499.83-crore public issue can check their allotment status through the BSE, NSE or the IPO registrar, MUFG Intime India. Th
The initial public offering (IPO) ofShah Investor's Homewas subscribed 3.08 times on the third and final day of bidding
The initial public offering (IPO) ofShah Investor's Homewas subscribed 3.08 times on the third and final day of bidding so far on Wednesday, according to NSE data. The Rs 90.17-crore IPO received bids for 1.16 crore shares against 37.79 lakh shares
Tata Power appeals Singapore court order to pay $490âŻmillion to Kleros Capital
Tata Power has moved to the Singapore Court of Appeal after the Singapore International Commercial Court upheld a $490 million award to British Virgin Islandsâbased Kleros Capital for breach of a jointâventure NDA. The appeal could decide whether the Indian utility must pay over Rs 5,000 crore, plus interest and costs.
Nityas Gems and Jewellery Launches Integrated Labâgrown Diamond Business in India
Founded in April 2022, Nityas Gems and Jewellery Ltd. designs, manufactures and sells labâgrown diamondâstudded gold jewellery across India. The company blends B2B manufacturing with a D2C omnichannel arm, Ayaani, and has received a LongâTerm Subscribe rating.
Sensex and Nifty Indices Experience Decline Due to Rising Crude Prices and Foreign Investors' Selling
Foreign investors sold shares worth Rs 9,980 crore on a net basis on Tuesday, marking their biggest outflow in about four months
Indiaâs love for gold is set for a test during the upcoming festive and wedding season, with prices only around 9 percen
Indiaâs love for gold is set for a test during the upcoming festive and wedding season, with prices only around 9 percent higher than last yearâs festive-season peak. However, industry players expect gold jewellery sales volumes to remain below last
German Green Steel and Power IPO Allotment Finalised â 28.98Ă Subscription, 54% NII, 23% Retail
German Green Steel and Power Ltdâs âš303.90âcrore IPO, priced at âš132â139, closed with 28.98Ă subscription. Nonâinstitutional investors subscribed 54.03Ă, retail 22.83Ă. Allotment will be processed on 30 Sep, with refunds and credit on 1 Oct and listing on 5 Oct.
SEBI Chairman Discusses PMS Growth Potential and Investment Landscape in India
SEBI Chairman Tuhin Kanta Pandey spoke at the Association of Portfolio Managers in India's (APMI) third annual investor conference on September 30th.
Venu Srinivasan calls for inquiry into governance of Sir Dorabji and Sir Ratan Tata Trusts
Trustee Venu Srinivasan has asked for an investigation into the Sir Dorabji Tata Trust and Sir Ratan Tata Trust, urging suspension or removal of trustees if misconduct is found. He has challenged Noel Tataâs perpetual trustee status and the appointment of Noelâs son Neville, amid broader disputes over Tata Sonsâ board decisions.
Indian IT Stocks Rally 2.2% as US Fed Hike Odds Drop to 44%
Indian IT stocks surged on Wednesday, with the Nifty IT index climbing 2.2% as the probability of an immediate US Federal Reserve rate hike fell to 44%. TCS, Tech Mahindra, and HCL Technologies led the gains, outperforming a largely flat broader market.
Explore 230+ exclusive editorials every month
Explore 230+ exclusive editorials every month Uncover Insights from World-Renowned Experts and Journalists 40+ weekly investment ideas + 3 to 4 daily technical calls Exclusive Live Webinars for Expert Trading & Investment Strategies! Stay ahead w
Motilal Oswal's research report onTorrent Power
Motilal Oswal's research report onTorrent Power TPL is an integrated power utility spanning electricity generation, transmission, and distribution. It boasts a diversified installed capacity of 6.6GWp, representing 4.5GW of thermal and ~2.1GWp of re
While global markets hope for de-escalation, the strategic stakes in the Middle East make a quick ex
While global markets hope for de-escalation, the strategic stakes in the Middle East make a quick exit difficult. Here's what it m... Explore 230+ exclusive editorials every month Uncover Insights from World-Renowned Experts and Journalists 40+ we
Azad Engineering Expands GE-dedicated Manufacturing Capacity in Hyderabad
ICICI Securities is bullish on Azad Engineering recommended buy rating on the stock with a target price of Rs 3200 in its research report dated September 29, 2026.
IRDAI Proposes Overhaul of Insurance Distribution Economics Amid âš1 Lakh Crore Market Cap Hit
IRDAI has proposed a major restructuring of how insurers pay distributors, following the 2025 law allowing 100% foreign ownership. The move aims to curb mis-selling and improve customer outcomes, though it triggered a significant market correction and raises questions about the balance between regulation and ease of doing business.
"Orient Cables IPO: IPO Allotment Update - BSE and NSE Listing on October 5th"
SEO: "Orient Cables IPO: IPO Allotment Update - BSE and NSE Listing on October 5th"
Supreme Court Urges Centre to Find a Balance in Medicine Prices Regulation
The Supreme Court has raised concerns over the high mark-ups on medicines by private hospitals and their practice of requiring inpatients to purchase drugs through in-house pharmacies
Firstsource Solutions Targets 10â13% Revenue Growth in FY27 Amid AIâDriven Expansion
Firstsource Solutions (FSOL) is pivoting from traditional labor arbitrage to AIâenabled, domainâled services, aiming for 10â13% FY27 revenue growth and 12.25â12.75% EBITM. CEO Ritesh Idnani highlighted new offerings, outcomeâbased pricing, and a focus on strategic acquisitions.
Election Commission removes additional declaration from online Form 6 in states where SIR process is complete
Earlier it was reported that the online version of Form 6 on ECINET contained an additional declaration asking applicants whether they, or their parents or grandparents, had been included in the previous SIR
LeT terrorist Hashim Moosa, linked to Pahalgam attack, killed in Budgam encounter
Pakistan-based Lashkar-e-Taiba operative Hashim Moosa was killed in a gunfight in Budgam district, J&K. Security forces recovered his body and weapons in the Palmaidan area. Moosa was a key suspect in the April 2025 Pahalgam terror attack that killed 26 people.
Indian IPOs post strong debut in 2026 with average 14% listingâday gain, but performance varies widely
In 2026, 87 Indian companies listed on the stock exchanges, delivering an average firstâday gain of 14%, up from 9.3% in 2025. While ESDS Software Solution surged 112% on debut, several issues fell more than 30%, highlighting a widening performance gap.
Sanathan Textiles: Positive Rating Agency Views on New Plant Expansion Project
Sanathan Textiles, a leading textile manufacturer in India, is experiencing positive feedback from rating agencies regarding its new plant expansion project. The company's 2QFY29E EPS is projected to increase by 20% and the target price is set at Rs6
Nomura Expects Strong Sales Growth in Indian Consumer Goods Sector Amid Volatile Market Conditions
NEWZA News Report
Swastika Infra shares hit 5% upper circuit on NSE debut, list at 8% premium
Swastika Infra shares began trading on the NSE at Rs 200, an 8.10% premium over the issue price. The stock subsequently hit the 5% upper circuit limit at Rs 210. The Rs 161 crore IPO was subscribed 7.6 times, with a post-listing market cap of Rs 716.35 crore.
Geojit Maintains Buy on Ashok Leyland, Sets Target of Rs 179 on Record Q1 Volumes
Geojit Financial Services has reiterated a Buy rating on Ashok Leyland with a target price of Rs 179. The recommendation follows the company's record Q1 revenue of Rs 9,634 crore and highest-ever commercial vehicle volumes, driven by strong domestic truck and LCV demand despite margin pressure from rising input costs.
Government announces changes to CAFE-III norms, addressing concerns about small cars
The government has notified the third Corporate Average Fuel Economy (CAFE-III) norms for passenger vehicles, giving lighter cars greater headroom on emissions while dropping a separate concession proposed earlier for small cars. The power ministry
Indian stock markets will remain closed for 11 days in October, including regular Saturday and Sunda
Indian stock markets will remain closed for 11 days in October, including regular Saturday and Sunday holidays. Both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will suspend equity and equity derivatives trading on the holidays
ArMee Infotech IPO: A Brief Overview of the Initial Public Offering
Shares of ArMee Infotech made a weak debut on the stock exchanges on September 30, with the stock listing at a discount of nearly 2 percent to its issue price on the BSE after the company's initial public offering (IPO) received 2.44 times subscription during the three-day bidding period.
Axis Bank's Credit Cards on Apple Pay: A New Level of Convenience for Indian Customers
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Choice Institutional Equities raises Yatharth Hospitals target to âš1,350 on Advent partnership
Choice Institutional Equities has revised its target price for Yatharth Hospitals to âš1,350, maintaining a 'Buy' rating. The upgrade follows a strategic partnership with Advent International, with management projecting 30%+ organic growth and significant capacity expansion through acquisitions by FY29.
Adroit Industries Debuts on BSE and NSE, Surpassing IPO Expectations with 86% Premium
Adroit Industriesâ shares opened on the BSE and NSE at a premium of 86.57% and 75.37% respectively, far above the 41â43% greyâmarket estimate. The 177âfold subscription in the primary market and a market cap of âš1,120.21 cr highlight strong investor demand.
Sensex and Nifty Recover from Lows; Technical Analysis and Expert Opinions on Market Recovery
Summary:
Shares of Elevate Campuses made a weak debut on the stock exchanges on September 30, listing at a discount of nearly 2%
Shares of Elevate Campuses made a weak debut on the stock exchanges on September 30, listing at a discount of nearly 2% to the issue price after the company's initial public offering (IPO) received 1.79 times subscription during the three-day bidding
Indian Government Announces New Tax Policy Amendments for Small Businesses
Cut off from the best chips, China is building its own supply chain, and India should take note
Aurobindo Pharma faces RsâŻ4.60âŻcrore GST reversal order in Telangana
The Telangana GST appellate authority upheld a demand that Aurobindo Pharma reverse excess input tax credit of Rs 2.56 crore, plus interest and penalty, totalling Rs 4.60 crore for FY 2020â21. The drugmaker plans to appeal, saying the order will not materially affect its business.
Ester Industries, GenXAI Analytics and India Tourism Development Corp. Lead Gains on Technical Breakouts â September 30
On 30 September, three stocks â Ester Industries, GenXAI Analytics and India Tourism Development Corporation â surged after breaking key moving averages, while others slipped below averages, reflecting mixed market sentiment.
Emerging Markets Outperform US Tech Giants by 37 Points in 18 Months, Franklin Templeton Notes
Franklin Templeton reports that emerging markets have delivered a 62% return over the past 18 months, significantly outpacing the 25% gain of the US Magnificent Seven. While the bull market remains intact, analysts warn that tighter global liquidity may lead to more selective and volatile market leadership in the next phase.
Indian Bond Market: RBI Monetary Policy Meeting and Crude Prices Impact
The benchmark 10-year bond yield was trading at 7.1482 percent
Cabinet set to consider higher MSP for six Rabi crops, RsâŻ54,000âŻcr Green Energy CorridorâIII and Ujjwala LPG subsidy extension
The Union Cabinet and the Cabinet Committee on Economic Affairs are slated to meet at 11 a.m. to discuss raising the Minimum Support Price for wheat, barley, gram, masur, rapeseedâmustard and safflower for the 2027â28 Rabi season, approve a Rs 54,000 crore Green Energy CorridorâIII project and extend the targeted LPG subsidy under the PM Ujjwala scheme.
Arisinfra, Smartworks and KPI Green Energy stocks climb on fresh contracts
On September 30, shares of Arisinfra Solutions, Smartworks Coworking Spaces and KPI Green Energy gained 3 %, 1 % and 3 % respectively after each company secured significant contracts. The gains helped lift the Nifty Midcap and Smallcap indices by 1 %.
Dalal Street sees mixed moves as HAL rallies, Avalon falls and order wins lift Power Mech and KSB
On September 30, Indian equities were driven by a mix of broker recommendations, blockâdeal activity and fresh order wins. HAL shares rose after Jefferies reaffirmed a buy rating, Avalon Technologies slipped on a large block sale, while Power Mech Projects and KSB posted gains on sizable contracts.
While global markets hope for de-escalation, the strategic stakes in the Middle East make a quick ex
While global markets hope for de-escalation, the strategic stakes in the Middle East make a quick exit difficult. Here's what it m... Explore 230+ exclusive editorials every month Uncover Insights from World-Renowned Experts and Journalists 40+ we
Linux Laboratories secures $70âŻmillion equity boost from ChrysCapital and Tata Capital
Chennaiâbased Linux Laboratories has closed a $70 million equity round led by ChrysCapital and Tata Capital Healthcare Fund III. The funding will fuel portfolio expansion, brand acquisitions and capacity upgrades for the specialty formulations maker.
Rupee opens higher at 95.95 as oil cools and Fed hike odds drop
The Indian rupee opened 3 paise higher on September 30, trading at 95.95 against the US dollar. This modest recovery follows a two-month low of 96.15 on the previous day, driven by cooling oil prices and reduced expectations for a Federal Reserve rate hike in October.
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Rupee Opens Higher at 95.95 Against Dollar on September 30 Amid RBI Watch
The Indian rupee opened marginally higher at 95.95 per US dollar on September 30, following a close of 95.98 on Tuesday. Market analysts from Finrex note that the Reserve Bank of India (RBI) has been actively managing the currency to keep month-end closes near 95.00 levels in recent months, though current global headwinds pose a challenge.
IBAI warns IRDAIâs proposed commission caps could hurt policyholders
The Insurance Brokers Association of India has raised concerns over the IRDAIâs September 23 consultation paper that proposes over thirty productâspecific commission caps and a 33% cut to insurersâ expense ceiling, arguing the measures could reduce distribution reach and hurt the very customers they aim to protect.
Nomura Forecasts Resilient RealâEstate PreâSales in 2QFY27F Amid Volatile Macro Conditions
Nomura projects a steady rise in preâsales for Indian realâestate developers in the second quarter of FY27, with Lodha and Oberoi expected to lead. Despite a volatile macro backdrop, launch momentum is set to pick up in the second half, boosting the sectorâs outlook.
Salary Hike? Experts Advise Boosting Existing SIPs Over Adding New Mutual Funds
Financial experts advise investors to review their current portfolios before adding new mutual funds after a salary increase. Instead of automatically starting new schemes, increasing SIP amounts in existing funds that align with goals may be more effective, provided there are no gaps in asset allocation.
Bernstein Cuts PB Fintech Target Price by 53% to Rs 1,085 Amid IRDAI Commission Overhaul
Bernstein has slashed its target price for PB Fintech by 53% to Rs 1,085, citing harsher-than-expected commission cuts proposed by IRDAI. The stock has fallen 43% in four sessions, with the brokerage warning that current costs may exceed new revenue take rates in general insurance.
While global markets hope for de-escalation, the strategic stakes in the Middle East make a quick ex
While global markets hope for de-escalation, the strategic stakes in the Middle East make a quick exit difficult. Here's what it m... Explore 230+ exclusive editorials every month Uncover Insights from World-Renowned Experts and Journalists 40+ we
Indian Government Announces New Stimulus Package Amount and Details
The Indian government has announced a new stimulus package, aiming to support the economy during the ongoing challenges. The package includes a total of INR 100,000 crore (approximately USD 13.3 billion) for various sectors and initiatives. The package aims to boost the economy and provide relief to citizens.
The Maharashtra government has made available Rs 6,728 crore under the employment guarantee scheme to provide jobs to pe
The Maharashtra government has made available Rs 6,728 crore under the employment guarantee scheme to provide jobs to people in rural areas affected by drought and strengthen water conservation, agriculture-related facilities and rural infrastructure
Indian Government Announces New Tax Policy for Cryptocurrency Transactions
The Indian government has announced new tax policies for cryptocurrency transactions. The policy aims to regulate the sector and protect consumers while promoting transparency and compliance. The new measures include a 30% tax on cryptocurrency profits, a ban on unregulated exchanges, and a requirement for traders to register with the government.
Bajaj General Insurance CEO urges dataâdriven debate on IRDAIâs distribution reforms, touts Swiss Re tieâup
Bajaj General Insurance chief Tapan Singhel calls for a factâbased discussion on IRDAIâs proposed commission caps and expenseâofâmanagement framework, while highlighting the companyâs partnership with Swiss Re to support Indian corporates expanding overseas.
Indian Stocks: Gland Pharma, APL Apollo Tubes, and Indian Hotels - Key Levels and Developments
While the market may extend its recovery, the sustainability of the rebound remains key to watch amid a weak broader market structure. Here are some short-term trading ideas to consider.
Sensex, Nifty Expected to Open Lower as FII Selling and High US Yields Weigh on Sentiment
Indian markets are set for a cautious start on Wednesday, with GIFT Nifty indicating a marginal decline. Persistent FII selling, elevated US Treasury yields, and high crude oil prices continue to pressure sentiment, despite a rebound in Asian equities.
Nifty and Bank Nifty slide in September 2026, technical support zones tested
India's Nifty 50 fell 0.28% to 22,716 and Bank Nifty slipped 0.39% to 54,260 on September 29, extending a sharp monthly decline. Analysts point to 22,500â22,200 for Nifty and 53,500â53,000 for Bank Nifty as critical support, while resistance lies near 23,000 and 55,300 respectively.
Spot gold jumps 1.4% to $4,173/oz as US futures rise, while Indian gold prices dip
On September 30, global spot gold edged up 1.42% to $4,173 per ounce and US gold futures rose 0.54% to $4,202. In India, domestic spot gold closed lower at Rs 1,46,933 per 10 g, with MCX futures at Rs 1,46,247. The moves came amid higher Brent crude and a weakening rupee.
Oil Prices Climb After Trump Rules Out Iran Sanctions Relief; Gold Holds Near $4,180/oz
On September 30, Brent crude jumped 1.1% to $103.73 as President Donald Trump dismissed any easing of Iran sanctions, while Qatar urged peace talks. Gold steadied around $4,180 an ounce amid mixed signals from oil and Treasury yields.
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Title: "Indian Banks' New Policies: Important Developments in October 2026
India Raises Concerns on New US Sanctions Law and Announces Next India-Russia Summit
Foreign Secretary Vikram Misri told a bipartisan US Congressional delegation that the newly enacted SRIA could have implications for India-US ties and the international energy market.
Crude Oil Flows from Middle East Reach Near-Pre-War Levels Despite Ongoing Tensions
Shipments of crude oil have rebounded to 17.5 million barrels a day, or 98% of pre-war levels, while flows of products such as diesel and gasoline were at 3 million barrels a day, or 58%, according to JPMorgan.
Indian indices poised for a modest opening as GIFT Nifty hovers near 22,800
After a second straight day of losses, Indian equities could begin September 30 on a positive note, tracking the GIFT Nifty at roughly 22,800. Persistent foreign outflows, a softening rupee and rising US yields kept sentiment subdued on September 29.
Inox Clean Energy files DRHP for up to RsâŻ10,000âŻcrore IPO to slash debt
Gujaratâbased Inox Clean Energy has lodged a draft redâherring prospectus with SEBI to raise up to Rs 10,000 crore via an IPO, including an Rs 8,000 crore fresh issue and a Rs 2,000 crore offerâforâsale by promoter Devansh Jain. Proceeds aim to cut debt by Rs 6,000 crore and fund corporate needs.
Meta CEO Zuckerberg hails US AI safety pact announced by President Trump
Meta chief Mark Zuckerberg welcomed President Donald Trump's new AIâsafety accord with leading US tech firms, calling it a âsignificant positive stepâ. The nonâbinding agreement calls for layered safeguards, independent audits and could pave the way for future regulation.
Smartworks Secures âš305âŻCrore in New Managed Office Deals
Coworking provider Smartworks has signed new leasing agreements with large corporate clients across several cities, adding about âš305 crore to its contracted rental revenue. The deals, spanning up to 60 months, boost the companyâs existing âš5,400 crore base as of June 30, 2026.
OpenAI Seeks $30 Billion Funding at $1.4 Trillion Valuation After Delaying IPO
OpenAI is pursuing a $30 billion private funding round at a $1.4 trillion valuation to bridge the gap after postponing its IPO. The move aims to secure capital amid heightened AI safety scrutiny and intense competition with Anthropic, while the company continues to expand its enterprise offerings and agent-based products.
RBI Likely to Keep Rates Steady, Mehta Says 50â% Chance of 25âbps Hike
Samco Mutual Fundâs CIO Umeshkumar Mehta predicts a cautious RBI stance at the October policy meeting, with a 50âpercent probability of a 25âbasisâpoint hike. He notes weatherâdriven food inflation, external oil and bondâyield pressures, but stresses Indiaâs resilient domestic growth.
Let's catch up on the latest news from the stock market. From significant investments to major deals
Let's catch up on the latest news from the stock market. From significant investments to major deals, appointments, acquisitions, and order wins, hereâs a quick look at which stocks will be in focus in today's trade: Promoter groups Bhaskar Srinivas
Kotak warns of limited upside for Indian cement stocks as supply-demand balance remains tight
Kotak Institutional Equities advises caution on Indian cement stocks, noting that consensus estimates already assume improved margins in H2 FY27. With persistent capacity additions and elevated valuations, the brokerage sees limited room for positive earnings surprises or sustained high returns.
Jupiter Capital sells 10.69% stake in Axiscades; Mubadala exits Cube Highways Trust
Jupiter Capital divested 10.69% of Axiscades Technologies for âš829.72 cr, while Mubadalaâs 3.34% stake in Cube Highways Trust was sold for âš689.46 cr. The deals triggered a 10% rise in Axiscades shares and a modest uptick in Cube Highways Trust.
Nifty 50 struggles to break bear grip as September records 5.7% fall; 22,570 key support
The Nifty 50 slipped 0.33% on September 29, extending a 5.67% monthly decline. Technical indicators point to a fragile structure, with 22,570 identified as a decisive support level. Options data show heavy open interest around the 22,700â23,000 band, while the PCR rose to 0.91 and India VIX eased to 13.41.
Tata Sons' Noel Tata warns listing could hinder group support, proposes merger to avoid IPO
Noel Tata, head of the Tata Trusts, said a public listing of Tata Sons could restrict its ability to bail out troubled group companies. He urged the board to merge Tata Sons with two unlisted units to sidestep an IPO, a move that would also affect the trustâs philanthropic mandate.
Treasury Market Struggles Continue as Seasonal Test Approaches in October
The US 30-year Treasury yield crossed 5.59% on Tuesday, reaching its highest level since 2002 as elevated oil prices, inflation concerns and heavy corporate debt issuance deepened a selloff in global bond markets.
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India Urges AIIB to Expand Funding Beyond Physical Infrastructure to AI, MSMEs and Skilling
Finance Minister Nirmala Sitharaman urged the Asian Infrastructure Investment Bank to broaden its lending to areas such as artificial intelligence, MSMEs and skilling. The call came during the bankâs 2026 Annual Meeting in Doha, where the two leaders also discussed Indiaâs project pipeline and AIIBâs 2027 budget.
CoinSwitch posts adjusted EBITDA profit of RsâŻ86.38âŻcrore in FY26
Cryptoâinvestment platform CoinSwitch announced an adjusted EBITDA profit of Rs 86.38 crore for FY26, driven by a 150% jump in revenue to Rs 324 crore while keeping operating costs growth at 37%. The results highlight disciplined scaling after nine years of operation.
Sequoia, Peak XV trim Honasa stake; Goldman, BNP Paribas exit BSE holdings
Sequoia Capital and Peak XV Partners sold over 4% of their combined stake in Honasa Consumer, while Goldman Sachs and BNP Paribas offloaded a 1.67% stake in BSE. Concurrently, UTI and Nippon Life increased their holdings in BSE, and other institutional shifts occurred in 360 ONE WAM, Capital Small Finance Bank, and Kajaria Ceramics.
India pushes for unhindered Gulf trade as finance minister meets Qatar on AIIB sidelines
Finance Minister Nirmala Sitharaman met Qatarâs trade minister in Doha, urging restoration of normal maritime commerce through the Strait of Hormuz and accelerating a freeâtrade pact and investment treaty. The dialogue highlighted mutual infrastructure and energy opportunities as India aims to double bilateral trade to $30 bn by 2030.
KKR to make majority investment in Cisternina Logistics for India bulk liquid storage expansion
Global investment firm KKR has announced a majority investment in Cisternina Logistics Pvt Ltd to acquire the liquid storage and rail business of Ganesh Benzoplast Ltd (GBL). The move aims to build a scaled platform for bulk liquid and gas storage across India, leveraging GBL's existing 500,000 KL capacity at key ports.
US Job Openings Hit Five-Month Low as Employers Turn Cautious
US job openings declined to 7.1 million in August, a five-month low, while layoffs remained at historic lows. This 'low-hire, low-fire' environment has dampened consumer confidence to its weakest level since 2014, complicating the Federal Reserve's focus on inflation.
Managing Your Inheritance: Navigating the Financial Implications and Decisions
Learn how to manage a large inheritance carefully by assessing inherited assets and liabilities, reviewing existing finances, understanding tax implications and avoiding rushed investment or spending decisions.
Estate Planning 101: Why Every Indian Household Needs a Will and Updated Nominations
A guide for Indian families on why life insurance, wills, and updated nominations are essential. It explains how to keep a clear record of assets, liabilities, and digital accounts to ease the burden on loved ones after a sudden loss.
FD Matured But Money Not Credited? Here Is How To Escalate To RBI
If your Fixed Deposit has matured but funds are not credited, first verify if it was auto-renewed. If not, file a written complaint with the bank. If unresolved within 30 days, you can approach the RBI Ombudsman. Deposits are insured by DICGC up to Rs 5 lakh per depositor per bank.
EPFO Launches UMANG App as Official Portal for UAN Services
The Employeesâ Provident Fund Organisation (EPFO) has made the UMANG app the official mobile platform for UAN services. Through UMANG, members can activate or obtain a UAN, view their EPF passbook, file and track claims, and receive security alerts.
Why Indian savers should build an emergency fund and buy health insurance at the same time
SEBI advises investors to keep a cash buffer for unexpected expenses while also securing health cover. A modest emergency reserve protects against income loss, whereas health insurance shields savings from large medical bills that can far exceed a typical cash reserve.
Indian Equities Face Strained Market Conditions as FII Selling Surge Reaches Highest Level in Six Months
SEO Tags: Sensex, Nifty, FII selling, Indian equities, Foreign investors, Indian economy
How to Repair a Low Credit Score in India: Practical Steps for Borrowers
A low credit score can restrict access to loans and credit cards. This guide outlines proven habitsâtimely EMI payments, managing utilisation, clearing overdue debt, checking for report errors, and prudent creditâcard useâto help Indian borrowers improve their scores over time.
Rupee edges above 96, buoyed by RBI hints and easing oil prices amid USâIran talks
The Indian rupee finished Tuesday at 95.94 against the dollar, just above the 96âperâdollar psychological barrier. Gains were supported by expectations of RBI intervention and a dip in oil prices following renewed USâIran negotiations. The move came amid a strong dollar and rising US Treasury yields.
Indiaâs Unified Payments Interface (UPI) could reach more shops and travellers in Qatar, with the two countries discussi
Indiaâs Unified Payments Interface (UPI) could reach more shops and travellers in Qatar, with the two countries discussing expanding it. Along with it, finalisation of the bilateral investment treaty (BIT) to boost the $10 billion committed investmen
High gold prices and steep taxes are driving more Indian buyers into under-the-counter cash sales, where bullion and jew
High gold prices and steep taxes are driving more Indian buyers into under-the-counter cash sales, where bullion and jewelry change hands without invoices that can be traced by authorities. Buying off the books with cash can shave as much as 6% from
SEBI clears Rs 4.16 crore settlement for Lloyds Enterprises over Rs 144.82 crore promoter advances
SEBI has approved settlement applications from Lloyds Enterprises, its MD Rajesh Rajnarayan Gupta, and CFO Viresh Shankar Sohoni. The trio paid a combined Rs 4.16 crore to resolve allegations of failing to recognize credit losses on Rs 144.82 crore advanced to promoter-related entities between FY07 and FY23.
Gold falls below Rs 1.50 lakh in Delhi for first time in two months
Domestic gold prices in Delhi dropped below Rs 1.50 lakh per 10 grams for the first time in two months, falling Rs 1,400 to Rs 1,48,600. This decline was driven by weak local demand and a strong US dollar, while global spot gold prices staged a modest recovery.
Skoda Auto India to hike car prices by up to 1.2% from October 1
Skoda Auto India announced a price revision of up to 1.2% effective October 1, citing rising input and operational costs. The maximum increase is capped at Rs 20,000 per vehicle, affecting models including the Kylaq, Slavia, and Kodiaq.
India's Financialisation: Connecting Household Prosperity with Productive Capital at the Mutual Fund Summit
While Dr Garg examined what shapes household financial choices, Dr Chawla focused on how markets can create more avenues for domestic savings.
AT&T Signs $3 Billion Fiber Deal with Corning to Expand Network
AT&T has announced a multi-year agreement with Corning worth over $3 billion to procure fiber and cable. The move supports AT&T's goal to reach 60 million fiber locations by 2030, driven by surging data demand from AI and cloud services.
Indian Government Eases Offshore Mineral Auction Rules to Encourage Exploration and Investment
The Mines Ministry has notified two new offshore blocks near Great Nicobar for exploring polymetallic nodules and crusts, covering 1,632 sq km in total
Railway Board tightens loco pilot rules after Sitarampur signal overshoot
Following a red-signal overshoot at Sitarampur, the Railway Board has directed all zones to strictly enforce route learning for loco pilots. The directive, issued on August 24, mandates the use of the Crew Management System to track violations and prohibits deploying untrained crews on premium trains like Rajdhani and Shatabdi.
Anthropic IPO Filing Reveals 'Founder LLC' Giving Seven Co-Founders 50.1% Voting Control
Anthropic's IPO prospectus reveals a new 'Founder LLC' structure where seven co-founders, including CEO Dario Amodei, hold 50.1% of voting power. The company will operate as a Public Benefit Corporation, prioritizing its mission over short-term financial interests, with a sunset clause if the founding group shrinks to two or fewer members.
Anthropic AI Company Announces $521.2 Billion AI Infrastructure Plan; Dependence on Tech Giants Risks Business Continuity
Anthropic expects to spend at least $518 billion on AI infrastructure over the next decade, according to a confidential IPO prospectus seen by Reuters, with major commitments to Google, Amazon, Microsoft and Broadcom
Technopaints & Chemicals targets RsâŻ500âŻcr IPO to fund new paint manufacturing hub
Telanganaâbased Technopaints & Chemicals has filed a draft redâherring prospectus with SEBI, seeking to raise Rs 500 crore through an IPO. The proceeds will fund a new manufacturing and innovation facility, expand working capital and consolidate existing plants.
Kerala High Court Broadens Section 100 to Tackle Exorbitant Drug Prices
The Kerala High Court ruled that Section 100 of the Patents Act can be invoked when patented drugs are priced excessively, opening a legal route for government use of medicines like Ribociclib and Abemaciclib. The decision may boost access to costly treatments but could complicate Indiaâs trade talks with the EU and US.
Essar Group Unveils $18âŻB U.S. Steel Project, Aiming for 10âŻMt/yr Production
Essar Group has announced an $18 billion investment in an integrated steel plant in Iowa, using iron ore from its Minnesota mine. The project, the largest single-location steel investment in U.S. history, aims to produce 10 million tonnes of steel annually by 2030 and create thousands of jobs.
Gold prices recovered marginally during the evening session on September 28 as investor sentiment remained cautious amid
Gold prices recovered marginally during the evening session on September 28 as investor sentiment remained cautious amid global concerns. Spot gold recovered 0.9 percent over the past 24 hours to hover just above $4,150 per ounce during the evening
RBI advisory panel proposes raising states' WMA limit to RsâŻ67,839âŻcr
An RBIâappointed advisory committee has recommended increasing the aggregate Ways and Means Advances (WMA) ceiling for state governments by 11.2% to Rs 67,839 crore, while urging states to spread market borrowing throughout the year and tighten overdraft usage.
SUJAN Expands into Africa with Acquisition of Chiawa Camp and Old Mondoro in Zambia
The transaction comes as Indian hospitality companies increasingly look at international markets to expand their portfolios and gain exposure to high-value tourism destinations.
IBA Constitutes High-Level Committee to Resolve Five-Day Banking Week Dispute
The Indian Banksâ Association has formed a joint committee with the United Forum of Bank Unions to negotiate the implementation of a five-day banking week. This move follows the deferral of a planned September strike, with discussions set to begin on the contentious issue of Saturday holidays.
EPF Contribution Delays: EPFO Clarifies on Interest and Settlement Amounts
EPFO (Employees' Provident Fund Organization) has clarified the situation regarding EPF contributions and their impact on interest and settlement amounts. EPFO advises members to follow these steps:
RBI Rules for Adding Resident Indians to FCNR(B) Accounts: Key Restrictions Explained
NRIs can add resident relatives to FCNR(B) deposits under RBI rules, but these joint holders cannot operate the account freely during the NRI's lifetime. They must act as Power of Attorney holders, distinguishing these accounts from standard joint savings accounts.
Activating Inoperative Bank Accounts: No Charges, No Account Seizure
An old bank account can easily be forgotten after you change jobs, move cities or switch banks. If it has had no customer-induced transactions for more than two years, it may become inoperative, but you can get it activated again.
Navigating Retirement Decisions: Renting vs. Buying a Home at 50
Buying may offer a debt-free home, but renting can preserve savings and flexibility when retirement is only a few years away.
Ready-to-Move vs Under-Construction: Key Financial and Legal Differences for Homebuyers
Homebuyers must weigh the immediate inspection benefits of ready-to-move properties against the lower upfront cost of under-construction homes. Key factors include RERA protections for delays, GST applicability, and the total cost of ownership, including rent and interest during construction.
Maharashtra Drought Threatens Maize, Soybean Output, Raising Feed Cost Concerns
A 21-day dry spell and 19% rainfall deficit in Maharashtra have triggered drought declarations in 265 talukas. This threatens key crops like maize and soybean, potentially driving up animal feed costs and impacting prices of milk, eggs, and meat across India.
Shaktikanta Das Calls for Global South Unity to Counter Protectionism
Former RBI governor Shaktikanta Das urged developing economies to strengthen collective bargaining power at the launch of the India and Emerging Economic Order Forum. He highlighted trade barriers, energy vulnerability, and the need for deeper cooperation in finance, technology and supply chains.
Nifty 50 extends downtrend, closes 0.28% lower on September 29
The Nifty 50 slipped 64 points (0.28%) to close at 22,716 on September 29, extending its lowerâhigh, lowerâlow pattern. A hammerâlike candle hinted at buying interest, but technical indicators and expert commentary suggest the bearish trend remains dominant.