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US Midterm elections 2026: Republican have a gaping financial advantage over their Democratic counterparts a disparity that has been a rare bright spot for a party that is bracing for major potential losses amid deep voter frustration over the president's performance, stubbornly high prices and the unpopular war with Iran.
India draws $351 billion in Greenfield FDI, outpaces China
Speaking to ET, Nikolaus Lang, managing director & senior partner at BCG highlighted the Indian market as the biggest draw for investors amid a sweeping global realignment. He, however, stressed on sustained focus on infrastructure development, skilling and cost competitiveness for India to further enhance its manufacturing footprint on a global scale.
Bengaluru (Karnataka) [India], October 12: Puravankara Limited (NSE: PURVA | BSE: 532891), one of India's most trusted and admired real estate developers, has signed a Joint Development Agreement (JDA) for a 12.76-acre land parcel in Sathanur, North Bengaluru, with an estimated Gross Development Value (GDV) of Rs 2,500 crore.
JPMorgan, Goldman Curb Exposure on $5 Billion Volta AI Loan Sale
JPMorgan Chase & Co. and Goldman Sachs Group Inc. have taken a rare move to limit their exposure on a $5 billion loan sale for AI startup Volta Infrastructure Holdings Ltd. as investors demand higher yields for risky debt tied to the artificial intelligence boom.
IRDAI may allow transition period for insurance fee cap
IRDAI Chairman Ajay Seth said the regulator is examining industry feedback on a consultation paper that is open until October 25, while maintaining that distribution costs must be aligned with the value delivered to the policyholder, and selling incentives must reward persistency rather than first-year sales.
Adani has begun construction of 10,432 rehabilitation homes for eligible Dharavi residents on a 22-acre Matunga railway site in Mumbai. The project includes 10 high-rise towers, commercial units and community facilities, with completion planned in phases until 2030.
Tata Trusts seeks more time to reply; Charity Commissioner grants a week
While Sir Dorabji Tata Trust was told to reply by October 12, it sought more time
HCLTech expects little workforce impact from the US suspension of PERM applications, citing its limited recent use of the programme and increased recruitment of local talent. Analysts say the move is unlikely to significantly affect Indian IT firms, though it could complicate some H-1B extensions.
HCLTech beats estimates, but Q2 growth slips to three-year low
HCL Techs advanced AI revenue jumped 28% sequentially to $219 million, while net profit jumped 10.25% during the same period to $538 million.
RBL Bank expects to put most FCNR(B) funds to profitable use in 2-3 years
RBL Bank expects its net interest margin to decline in the December quarter as the cost of about 34,000 crore raised through FCNR(B) deposits kicks in, while much of the funds remain parked in lower-yielding investments.
No economic settlement reached within Venu Srinivasan family: Lakshmi Venu, Mallika Srinivasan
Differences have arisen within the Venu Srinivasan family concerning the economic settlement of their assets. Lakshmi Venu and Mallika Srinivasan stated that no agreement on asset distribution has been reached. They emphasize that management roles do not equate to division of economic interests. Their recent memorandum of understanding mostly addresses brand use and non-compete agreements.
No economic settlement reached in TVS family: Lakshmi Venu, Mallika
Lakshmi Venu and Mallika Srinivasan say no agreement has been reached on economic ownership within the Venu Srinivasan family, calling for a fair and transparent settlement
Sir Dorabji Tata Trust gets a week more to respond to complaints by two trustees
SDTT, which holds 27.98% of Tata Sons, has sought an extension to respond to the Charity Commissioners queries on complaints filed against it. The deadline is now extended to 19 October.
Polycab Indias F&O exit: NSE sets December 30 deadline; NCLAT stays insolvency order
NSE will remove Polycab India from the equity derivatives segment from December 30, 2026, with existing contracts available until expiry. Separately, NCLAT has stayed the NCLT order admitting insolvency proceedings against the company over an alleged Rs 2.79 crore operational debt, pending further orders.
Festive online sales trail last year by up to 10% as shoppers opt for smaller baskets
The research firm estimates that mobile phones will account for 30% of festive sales this year, compared with 35% last year
Banks seek clarity on RBI's new forex curbs, flag operational challenges
The measures, announced over the weekend, have raised questions about maintaining the Foreign Exchange Risk Reserve, recovering the associated costs from customers and calculating the notional value of transactions involving multiple options strategies.
The new deadline is October 19
Singularity AMC pays over Rs 40 lakh to settle AIF rule violation case with Sebi
Singularity AMC, a company rooted in Mumbai, has successfully resolved two significant matters with the Securities and Exchange Board of India (Sebi) concerning violations related to alternative investment funds. As part of the settlement, the firm has paid Rs 40.5 lakh. The infractions included not maintaining the required interest in the Singularity Equity Fund and excessive drawdowns in three of its schemes.
Quant Mutual Fund sold 20.81 lakh shares of Jubilant Pharmova worth Rs 190.47 crore in bulk deals, while Abakkus Four2Eight Opportunities Fund bought 11 lakh shares. The transactions came as the pharmaceutical company approved plans to raise up to Rs 800 crore through non-convertible debentures and seek broader debt issuance authorisation.
SBI economists call for scrapping LTCG tax on equities
SBI economists are advocating for the elimination of long-term capital gains tax to stimulate sustained investment in Indian equity markets. This proposal arises amid substantial foreign portfolio investor withdrawals exceeding Rs 3 lakh crore this year, prompting concerns. Furthermore, the lack of AI-focused stocks is contributing to these market exits.
Indian Railways is advancing projects in Uttar Pradesh, including a proposed AligarhMathura rail link and track upgrades in Gonda district. Land acquisition and forest-clearance steps are underway for the MankapurTikri doubling and a new JhilahiTikri line.
Why did Japanese chain 7-Eleven shut 31 stores in India despite its long-term ambitions?
At the end of September, Reliance Retail, which operates 7-Eleven stores in India under a master franchise agreement, shut all 31 outlets across the country.
Kerala Congress fires person responsible for post asking CJI Surya Kant to resign
Kerala Pradesh Congress Committee President Sunny Joseph confirmed the removal of an individual responsible for an offensive social media post. This decision followed a lack of consent from the KPCC leadership regarding the controversial remarks against CJI Surya Kant. The KPCC reaffirmed its support for the judiciary's impartiality and clarified that opposing views do not reflect its stance.
If he resigns from his seat, Im ready for: Assam CM Himanta Sarma dares Rahul Gandhi
GE to double India sourcing to $400 mn by 2030; GE-CFM engines set to power 9 in 10 aircraft
GE Aerospaces plans to increase sourcing and deepen its engineering capabilities could further integrate Indian suppliers into global aerospace manufacturing while supporting the growing demand for engine maintenance and servicing.
Market Trading Guide: Astra Microwave, Manappuram among 5 stock recommendations for Tuesday
Analysts recommend five stocks for Tuesday, including Astra Microwave, Manappuram and Laurus Labs, citing bullish chart patterns, improving momentum and breakout signals. Here are the targets and stop-loss levels.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian benchmark indices reversed early gains on Monday, with the Sensex falling 548 points and the Nifty closing below 22,400 amid persistent FII selling, rising bond yields and geopolitical concerns. Investors will track key stocks, global cues, crude oil prices, inflation data and earnings expectations for Tuesdays market direction.
Nazara founder Nitish Mittersain steps down as MD after nearly 27 years
Mittersain will become a non-executive director as Nazara reshuffles its leadership, appoints a new CFO and approves a 730.78 crore share allotment to five individuals
Beyond the managerial shuffle, the Board approved the infusion of funds aggregating up to $77 million or approximately 742.72 crore into Nazaras UK arm
Freshworks to acquire SaaS management platform Torii
The acquisition is expected to close in Freshworks fourth fiscal quarter of 2026, subject to customary closing conditions
Powered by AI, HCLTech net profit rises 21% y-o-y to 5,132 crore in Q2FY27
Raises guidance to 2.5-4% from 1-4%, while EBIT margin guidance remains at 17.5-18.5% per cent
India's steel industry bucks global slowdown as demand and output rise: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman urged steelmakers to cut emissions and boost domestic specialty steel production to reduce import dependence. She highlighted rising domestic demand, a 6,300 crore PLI scheme and public investment as key growth drivers.
Agilisium eyes topline of $0.5 billion in 5-7 years
Babu suggested that the company plans to expand Indias share in the overall revenue mix to 20 per cent by 2030
Rajasthan pollution board orders closure of Carlsbergs manufacturing facility ahead of IPO
A regulatory inspection found particulate matter emissions nearly eight times the prescribed limit, along with inadequate transmission of emissions-monitoring data to the Central Pollution Control Board
Medical-device maker SMT seeks optimum pricing to balance access and quality
Company IPO to open this week, price band between 327 to 344 per equity share
Tata-backed Tejas plans entry into new markets in Europe, Global South
The company also won a commercial end-to-end 5G network deployment order in a South American market in the quarter ended June
Zetwerk sees AI infrastructure, energy orders driving growth as IPO opens on October 15
A key growth driver is demand for power equipment used by US data centres; Zetwerk has disclosed around 2,000 crore in orders linked to this segment
Agilisium aims to cut CS hire below 30%, eyes $500 mn revenue in next 5-7 years
Life sciences technology company plans to train over 700 forward-deployment experts, make Hyderabad its eastern hemisphere hub and target $500 million in revenue within five to seven years
CIEL HR eyes 2,600 crore revenue this fiscal, says K Pandiarajan
CIEL HR reported 27 per cent revenue growth to Rs 1,178 crore in H1FY27 and aims to consolidate 12 businesses into three clusters ahead of its planned IPO in FY28
No higher bid: Tata Motors final price faces crucial test as Iveco shareholders hold the key
The company remains confident of securing the deal, pointing out that takeover offers typically see a surge in acceptances during the final 48 hours before closing
Old Monk maker says Maharashtra lost 300 crore in excise revenue since plant shutdown in May
Mohan Rocky Springwater Pvt Ltd told the High Court that its standoff with the FSSAI has left its Khopoli factory shut since May, cutting off state tax revenues and leaving 300 workers idle.
Banks seek clarification on RBI forex measures
New Delhi [India], October 12: A mall was once primarily a place to shop. Today, the experience goes beyond the stores within it, with people looking for places to dine, unwind, be entertained, work, stay and spend time with family and friends. It is this shift in the way people experience commercial spaces that makes SMARR Realty's journey particularly noteworthy.
CIEL HR Services posts 27% y-o-y growth in H1FY27 revenue at 1,178 crore
During the half year, the company also structurally integrated its two prior acquisitions - People metrics and Courseplay
Private banks inoperative Jan Dhan accounts rise led by HDFC Bank, Kotak Mahindra Bank
Inoperative PMJDY accounts at private banks rose to 8.95 million, even as their share of total accounts fell to 36%; public sector banks reported a smaller increase.
Tax provision reversal boosts Swan Defences Q2 profit
The company reported a net profit of 566 crore in the quarter, compared to a 55 lakh loss in the year-ago period; revenue rises 72.5%
HCLTech Q2 Results: Revenue up 11.5% but misses estimates, net profit up 21.2%
HCLTech Q2 Results 2026-27: Consolidated revenue rose 11.5% to 35,620 crore, net profit increased 21.2% to 5,132 crore.
Fitch Solutions company BMI raises FY27 growth forecast for India to 7.5%
BMI expects India's economy to grow 7.5 per cent in FY27, driven by industrial activity, but has lowered its FY28 forecast amid elevated oil prices and inflation risks
Q2 Results Today, 12th October 2026 Highlights: Follow the latest announcements and developments on the company's September quarter earnings, revenue and profit, along with updates on Bright Outdoor Media, HCL Technologies, ICICI Prudential Asset Management Company and many others.
Bengaluru (Karnataka) [India], October 12: CreditAccess Grameen Limited (NSE: CREDITACC, BSE: 541770, 'CA Grameen' or the 'Company'), India's leading rural focused inclusive financing platform has signed USD 175 million syndicated social loan facility, qualifying as ECB ('External Commercial Borrowing') under the automatic route of the Reserve Bank of India (RBI). Standard Chartered Bank and DBS Bank acted as the Joint Mandated Lead Arrangers and Bookrunners.
CreditAccess Grameen raises $175 million via syndicated social loan
The microfinance lender secured funding from 10 financial institutions across Asia, the Middle East and Africa to diversify borrowing sources and optimise funding costs.
Tata Steel, Royal Academy of Engineering join hands for recycled materials research
The partnership will be supported by almost 1.9 million from the UK Government, matched by 1 million from Tata Steel, bringing critical industrial expertise to the programme
CreditAccess Grameen to raise $175 million overseas loans from DBS, Standard Chartered and others
CreditAccess Grameen is in the process of securing a $175 million loan from several international lenders. This funding will help enhance the company's liability profile and is essential for financial management. The company intends to raise a significant portion of its annual borrowing requirements through external commercial borrowings. Financial officials noted that current hedging costs are rising but manageable overall.
LinkedIn posts about women executives land McKinsey partner in trouble; leadership role taken away
McKinsey removed senior partner Chris Bradley from his leadership roles after reviewing his LinkedIn comments questioning the glass cliff phenomenon. Details of the post here.
ICICI Prudential AMC reported a 6.1% year-on-year rise in Q2 FY27 net profit to Rs 889 crore, while revenue from operations grew 16.3% to Rs 1,674 crore. The company declared an interim dividend of Rs 30 per share, with October 21, 2026, set as the record date. Its quarterly average AUM rose 14.4% to Rs 11.61 lakh crore.
LTTS bets on manufacturing AI; eyes 80% revenue from six strategic areas in next 5 years
At the launch of its Bengaluru AI-Native Factory lab, CEO Amit Chadha says AI for manufacturing and operations is a new business area for the company
LTTS bets on manufacturing AI; eyes 80% revenue from six strategic areas in next 5 years
At the launch of its Bengaluru AI-Native Factory lab, CEO Amit Chadha says AI for manufacturing and operations is a new business area for the company
Stellantis and Tata Motors Passenger Vehicles broaden partnership to develop vehicles in Pune
This partnership builds on the Memorandum of Understanding (MoU) signed in February 2026 and marks an important expansion of the companies long-standing strategic partnership
TCS says 80% of future hires will have digital and AI skills, with 25-30% of its 4,500 Q2 hires specialising purely in AI. AI-led work reached 10% of revenue in the September quarter, and executives expect growth in AI deals to support profit margins.
PVR Inox among 4 stocks hitting 52-week highs; rallied up to 13% in a month
Four BSE 500 stocks, including PVR Inox, PTC Industries, Aditya Infotech and Laurus Labs, hit fresh 52-week highs despite a decline in benchmark Sensex, gaining up to 13% in a month.
HCLTech has declared an interim dividend of Rs 12 per share for FY27, with October 16 set as the record date and October 26 as the payment date. The IT major reported a 21% year-on-year rise in Q2 net profit to Rs 5,132 crore and announced a global partnership with Anthropic.
Sahajanand Medical Technologies sets IPO price band at Rs 327-344 per share; issue opens on Oct 15
Sahajanand Medical Technologies has set a price band of Rs 327-344 per share for its Rs 475.48 crore IPO, which opens on October 15 and closes on October 19. The issue is entirely an offer for sale, with shares scheduled to list on the BSE and NSE on October 22.
HDFC Bank launches annual festival offer
HCLTech signs pact with Anthropic to set up dedicated AI business unit
HCLTech will set up a dedicated business unit and centre to develop AI solutions using Anthropic's Claude models and support their enterprise adoption
Indian equity markets ended lower on Monday as rising bond yields and continued FII outflows weighed on sentiment. The Nifty fell 0.70% to 22,363, while the Sensex lost 0.76% to 71,925. FMCG stocks led sectoral losses, while auto stocks gained. Dr Reddys and Bajaj Auto topped Nifty gainers.
Reliances Jio convention centre construction delay: SC directs MMRDA to deposit 646 cr
The lease of the BKC land required Reliance to complete construction of the Jio World Convention Centre within four years, but the project was subsequently expanded and required additional approvals.
Stellantis, Tata Motors PV join hands for vehicle tech, product development
The expanded partnership will combine Tata Motors' vehicle technology with Stellantis' engineering capabilities to develop India-made vehicles for more than 50 global markets
The Wealth Company AIF invests 400 crore in sports brand Boldfit
This marks Bharat Value Fund's fourth significant investment in the past 12 months, with an average investment size of 400 crore each
Siddharth Nawal to succeed Dalip Sehgal as Nexus Select Trust CEO from 2027
Blackstone-backed Nexus Select Trust has appointed Siddarth Nawal as MD and CEO designate ahead of his takeover from Dalip Sehgal on January 1, 2027, marking a leadership transition
Tata Motors, Stellantis deepen partnership to develop global vehicles in India
Tata Motors to share vehicle architecture and advanced technology as partners; target exports to over 50 markets
HCLTech Q2 net profit rises 21.2% to 5,132 cr, revenue climbs 11.5%
HCLTech Q2 net profit rises 21.2% to 5,132 cr, revenue climbs 11.5%
Is the US Stock Market Open on Columbus Day 2026? NYSE, Nasdaq, Dow Jones and S&P 500 trading hours - The New York Stock Exchange and Nasdaq remain open for regular trading sessions today, Monday, October 12, 2026. Normal trading hours run from 9:30 a.m. to 4:00 p.m. Eastern Time. Investors buying and selling equities, options, and exchange-traded funds can process transactions without interruption.
HCL Tech Q2 Results: Profit jumps 21% YoY to Rs 5,132 crore; co declares Rs 12/share dividend
HCL Tech Q2 Results: HCL Tech's board declared a second interim dividend of Rs 12 per share for the financial year 2026-27. The record date for the payment of the interim dividend will be October 16 and the payment date is October 26, 2026.
In October 2006, a remarkable event occurred when a Chinese Song-class submarine shadowed the USS Kitty Hawk without detection during naval drills. The submarine emerged surprisingly close to the carrier but refrained from engaging, prompting debates among military experts about whether this was intentional or an accident. Years later, the decommissioned USS Kitty Hawk was sold for just a cent, stirring concerns among veterans about its fate.
Rupee jumps 96 paise to close at 95.75 against U.S. dollar
At the interbank foreign exchange market, the rupee opened at 95.61 against the U.S. dollar; in intraday trade, the rupee touched a high of 95.57 and a low of 95.96 against the greenback
Abusing Election Commission not enough to win polls: JD(U) takes dig at Rahul Gandhi
JD(U) spokesperson Rajeev Ranjan accused Congress leader Rahul Gandhi of abusing the Eleciton Commission (EC) and said it would not be enough to win the elections. He said the party responsible for India's independance was shrinking and admonished Gandhi for failing his party to secure more than 100 seats in the Parliament. He claimed the Congress was facing difficulties and alleged discord within the party.
From Surats soaring viaducts to an undersea tunnel near Mumbai, Indias 2-trillion bullet train is breaking ground. Shaking off delays and Japanese supply snags, a homegrown high-speed ecosystem is taking shape. Can this massive gamble finally outrun its price tag?
Lawyers file Rahul Gandhi's plea in SC as INDIA bloc march stopped at barricaded Bhagwan Dass Road
Opposition leaders organized a protest march towards the Supreme Court to file a petition regarding alleged electoral fraud. The march, named March for Democracy, was led by prominent figures like Rahul Gandhi and Mallikarjun Kharge. Participants included supporters and activists who joined the protest against Chief Election Commissioner Gyanesh Kumar. Police stopped the march at barricades on Bhagwan Dass Road in Delhi.
Biotech startup PopVax begins human trials of fridge-stable covid vaccine
PopVax's PVX-001 is designed to remain stable at 2-8C for at least nine months and protect against a broad range of covid-19 variants
Tata Motors PV, Stellantis expand tie-up for global vehicle development
The expanded partnership adds advanced technology and vehicle architecture collaboration to the companies' existing manufacturing relationship
Bajaj Alts hits first close of maiden real estate fund at 950 crore
The fund will invest in commercial office development through equity joint ventures with established developers, targeting Grade A office assets in key Indian markets.
61% of jobseekers willing to disclose mental health leave, survey finds
Career-related fears persist, while respondents identify clearer work-life boundaries and stronger managerial support as key measures to improve workplace mental well-being.
Two wheeler loan interest rates: What can affect your financing cost
Grasping the nuances of bike loan interest rates is essential for effective repayment management throughout the loan duration. Elements such as your credit history and income level heavily dictate the rates provided by lenders. Its wise to factor in the complete borrowing expenses, including additional fees. Leveraging an EMI calculator can assist future borrowers in projecting their monthly installments and making informed comparisons.
Elara initiates coverage on Adani Power, sees up to 17% upside as expansion plans gather pace
Elara Securities has initiated coverage on Adani Power with an Accumulate rating and a target price of Rs 220, implying 17% upside. The brokerage expects capacity expansion from 18.3 GW to around 42 GW by FY32 to drive growth, while flagging execution risks, rising debt and limited valuation headroom.
The 1,000 crore question: What must change before a business can scale to the next level?
Building a 1,000 crore enterprise requires founders to reconsider how they lead, allocate capital and prepare their organisations for greater complexity. The Economic Times Founders Growth Retreat, taking place from December 4 to 7, 2026, will bring business leaders together to examine the decisions that shape sustainable growth.
India's retail inflation quickens to 5.54% in September from 4.83% in August
India's retail inflation accelerated to 5.54% in September 2026, a notable rise from August's 4.83%. This jump is particularly linked to rising food prices, predominantly in vegetables. Rural inflation hit 6.08%, outpacing urban inflation at 4.88%. In response, the Reserve Bank of India increased the benchmark repo rate by 25 basis points on October 7, 2026, and revised its inflation outlook for the fiscal year 2027.
Nepal Flash Floods Reason: Nepal has witnessed another flash flood after a landslide blocked the Budhi Gandaki River in Gorkha district. Here's why repeated floods are hitting the Himalayan country, how climate change and unstable mountain slopes contribute to the risk, and why India needs to monitor downstream rivers.
Jefferies sees 35% upside in Adani Green shares, flags demand and execution triggers
Jefferies has maintained its Buy rating on Adani Green Energy, setting a target price of Rs 1,695, implying 35% upside from the recent close of Rs 1,255. The brokerage sees the stocks 22% correction from its peak as an opportunity, citing attractive valuations, rising power demand, improving utilisation at Khavda and expansion in battery storage.
Tata Power Renewable Energy adds 419-MW capacity in Jul-Sept
TPREL's expanding renewable energy footprint continues to support India's clean energy transition while contributing to national energy security and sustainability
Plan to shackle Hope executed to perfection: Indian pacer Arshdeep Singh
India secured a 14-run victory in the third T20 International against West Indies, leading the series 2-1. Arshdeep Singh played a crucial role by taking three wickets, effectively resigning Shai Hope for just five runs. The bowlers executed their strategy successfully, limiting West Indies to 209 after batting first. Arshdeep also contributed with the bat, scoring 11 runs including a six.
