34 C 
Not consulted on Tata Sons reorganisation letter: SDTT vice-chairmen
Venu Srinivasan and Vijay Singh said no SDTT meeting had authorised the September 28 proposal and called for collective deliberation on its legal, financial and governance implications
Indian households are increasingly opting for secured loans, particularly against gold, which surged significantly. Credit card dues and consumer durable loans have shown minimal growth, reflecting a shift in borrowing behavior. Personal loans continue to grow, contributing substantially to overall bank credit, which rose markedly. Loans against gold jewellery increased substantially in percentage terms, likely aided by a favorable base effect.
Kotak Mahindra Bank shares rise on new CEO appointment
The stock opened sharply higher at 426.00 against a previous close of 417.00 and touched an intraday high of 435.60 before paring gains through the session.
RIL Q2 Results: Nuvama sees 17% EBITDA growth, led by O2C biz. Heres what to expect
Reliance Industries is expected to report 17% year-on-year growth in Q2FY27 EBITDA to Rs 53,700 crore, led by stronger refining margins and higher throughput, according to Nuvama Research. While the O2C business is likely to drive near-term earnings, New Energy could emerge as a key growth driver, with EBITDA projected to reach Rs 20,100 crore by FY30. Nuvama retains its Buy rating with a target price of Rs 1,766.
Bajaj Auto shares slide 6.5% as domestic two-wheeler sales disappoint in September
The stock opened at 10,701, well below its previous close of 10,874, and hit an intraday low of 9,900, close to its lower circuit band of 9,787, before recovering marginally
Selling deepens into midday; auto and metals lead declines as FII outflows cross 26,000 crore
The selloff came despite softer crude oil prices, with WTI crude trading in the $89$90 per barrel range, down 0.79 per cent on the day, after retreating from an intraday high of $90.69.
The Indian stock market endured a notable downturn, with both Sensex and Nifty witnessing considerable drops. In a single day, Foreign Institutional Investors offloaded equities worth more than Rs 10,000 crore. The climb in bond yields added to negative investor sentiment, exacerbating market volatility. Additionally, the rupee weakened against the dollar, pushed down by soaring Treasury yields.
Moneyview shares extended their strong debut gains on Thursday, rising as much as 82% from the IPO price. After listing at Rs 55.61 on the BSE, a 64% premium to the Rs 34 issue price, the stock climbed another 11.5% to Rs 62.
New Delhi [India], October 1: Truevis Technologies Pvt. Ltd., in collaboration with Neusoft Medical Systems, has established a strategic service and spare-parts hub in Chennai to strengthen the management and distribution of medical imaging spare parts, components and accessories across India.
Axis Bank wants to double its Rs 8,688 crore data centre exposure
India's rising interest in artificial intelligence is prompting Axis Bank to expand its lending to data centres. With demand for large-scale computing infrastructure surging, banks are exploring new financing opportunities. Axis Bank's exposure to the data centre sector is expected to double within three years. Additionally, the government is facilitating growth in this sector with favorable policies. Overall, the opportunity presents both promising potential and unique challenges.
RBI rate hike, FCNR(B) inflows set to boost bank margins and profitability
In light of anticipated increases in benchmark interest rates by the Reserve Bank of India, Mumbai's banking sector appears poised for advancement. An influx of foreign currency non-resident bank deposits promises enhanced liquidity, potentially boosting profits. Private banks foresee robust growth in earnings as margins widen and operational costs decrease.
Flydubai's Dubai-Tel Aviv flight faced a mid-air incident when Indian Captain Smit Machchhar was stabbed by the co-pilot. The flight descended rapidly to land safely in Tabuk.
M&M, Hyundai, JSW MG sales grow in September led by sustained customer enthusiasm
In the two-wheeler segment, Bajaj Auto reported a YoY decline of 12 per cent in its domestic wholesales to 2,39,771 units in September as compared with 2,73,188 units in September 2025.
ATF prices increased by around 16 from 121 per litre to 137 per litre
The latest revision comes after ATF prices were raised by 6.28 per litre, or 5.46%, in September, following a 5 per litre increase in August
Govind Krishnan from Kerala left conventional school at 10 to study the Vedas at a gurukula in Thrissur. He later returned to regular schooling, cleared JEE, studied electronics and communication at IIST and was selected to join ISRO. His unusual journey reflects how he balanced traditional Vedic education with modern science and technology.
Highway Infrastructure shares jump 9% after Rs 245 crore toll operations win from UP authority, NHAI
Highway Infrastructure shares jumped after the company secured toll operations orders worth Rs 254 crore from UPEIDA and NHAI. The key order, worth Rs 220.66 crore, involves toll collection and plaza operations on the Gorakhpur Link Expressway, along with deployment of patrol-cum-safety vehicles.
Piramal Pharma Solutions and NP2 to Complete Cyclophosphamide Development Phase Next Month
Mumbai (Maharashtra) [India], October 1: Piramal Pharma Solutions (PPS), a leading global Contract Development and Manufacturing Organization (CDMO) and part of Piramal Pharma Ltd. (PPL) (NSE: PPLPHARMA) (BSE: 543635), and its partner NP2, a nonprofit generic drug manufacturer, today announced their plans to finish the drug development phase of the generic cancer drug cyclophosphamide in October.
Captain Smit Machchhar displayed incredible bravery after being attacked by his co-pilot aboard Flydubai Flight FZ1073. Despite serious injuries, he managed to unlock the cockpit door, allowing others to intervene. His actions prevented a potential tragedy and saved the lives of 174 passengers on board. Indian leaders and aviation officials praised Machchhar for his extraordinary courage during the incident.
Foreign institutional investors pulled out over Rs 20,000 crore from Indian equities in two trading sessions as the Nifty and Sensex head for an eighth straight weekly decline. Elevated crude prices, high US bond yields and rate concerns have weighed on sentiment, while analysts differ on the outlook for foreign inflows.
At the White House on Wednesday, Essar Group co-founder Ravi Ruia announced an $18 billion investment to build Americas largest steel plant in Iowa.
MTNL to sell Powai property to I-T Dept for 891.53 cr amid debt burden
The sale, approved by the board on Thursday, comes as MTNL continues to face financial struggles and is monetising its non-core assets
Indian oil refiners change tactics, hire tankers to sail through Hormuz
Refiners are shifting from relying on Gulf producers and traders to transport crude through Hormuz, seeking to reduce the premium paid for cost-and-freight shipments
Diminishing returns: Bollywood's over-reliance on sequels needs a reset
In contrast to Hollywood's recent original hits, Hindi cinema leans on sequels, which are showing diminishing returns.
Ten VC firms, 16 start-ups and one question about building businesses in India
New Delhi [India], October 1: How does a start-up persuade customers to believe in a new business? That question runs through Nobody Believes You Yet, a new book by Harsh Pamnani and Vargab Bakshi, which draws on insights from ten leading Indian venture capital firms and case studies of 16 start-ups.
TBO Tek shares gain 3%; Nuvama initiates 'Buy' with Rs 2,200 target
Shares of travel tech firm TBO Tek rose nearly 3% on Thursday to Rs 1,733 after brokerage Nuvama initiated coverage with a Buy rating and a Rs 2,200 target price. The brokerage expects a 35% earnings CAGR over FY27-FY29E, driven by international expansion and hotel business growth.
Hyundai Motor India records 'highest-ever' monthly sales in Sept at 77,916 units
Hyundai Motor India registered a total of 77,916 units sold in September 2026. This figure includes 57,166 units sold domestically, reflecting strong demand. Exports also showed growth, reaching 20,750 units during the same period. The company reported a year-on-year growth of 10.8 per cent across total sales. Tarun Garg, MD & CEO, expressed satisfaction with these record-breaking sales figures.
Stocks to buy: Titan, Lenskart, Dabur among Nomuras 17 consumer picks. Do you own any?
Nomura has unveiled a selection of 17 consumer stocks with 'Buy' ratings, forecasting robust demand even amid rising inventory costs that press margins. Their projections hint at average EBITDA growth of 13.8% year-over-year for these firms, far exceeding previous expectations. These optimistic target prices unveil significant upside potential, urging investors to evaluate their portfolios carefully before proceeding with any financial maneuvers.
Hospital stocks extended losses for a second session after the Supreme Court questioned steep markups on cancer drugs and raised concerns over hospitals requiring patients to buy medicines from their own or designated pharmacies.
Bajaj Auto shares tumble 6%, M&M hits 52-week low after September auto sales data. What went wrong?
Shares of Bajaj Auto and Mahindra & Mahindra (M&M) came under pressure after their September auto sales data, with Bajaj Auto falling nearly 6% and M&M hitting a fresh 52-week low. Bajaj Auto reported a 12% decline in domestic two-wheeler sales, although a 34% jump in exports lifted overall two-wheeler sales by 5% year-on-year to 4.51 lakh units.
Traffic safety solutions provider Kataline files IPO papers with Sebi
Kataline Ltd has taken a significant step by filing draft papers with Sebi for an Initial Public Offering (IPO), aimed at amplifying its operational capabilities. This IPO will feature both a fresh issue and an Offer For Sale from the promoters, Amit and Ketaki Thatte. The company is set to utilize the raised funds for enhancing working capital and upgrading its manufacturing facilities.
AI pressure, client caution cloud Indian IT earnings in September quarter
India's top IT firms are bracing for underwhelming earnings as they revise annual revenue growth expectations downward. The duel of AI-induced pricing pressures alongside restrained client spending is squeezing profit margins in the industry. Analysts predict a gradual sequential revenue rise ranging from 0.7% to 3.5% for the major players, while even giants like Infosys may lower their projections.
Jefferies is bearish TCS, Wipro, 6 other IT stocks ahead of Q2 results. How many do you own?
Jefferies indicates a modest growth outlook for IT companies in Q2 FY27, primarily fueled by acquisitions. Large IT firms are predicted to struggle, anticipating a mere 0.5% QoQ growth. Stocks such as TCS, Wipro, and HCL Tech are rated as underperforming with significant downside risks. In contrast, Infosys holds a steady hold rating with minimal upside, while mid-sized firms are expected to excel compared to their larger counterparts.
Nifty 500s hidden bear market: Half the stocks are down over 30% from highs
In the latest market analysis, it has been observed that about 50% of Nifty 500 stocks have significantly declined from their peak levels. A staggering 252 stocks have seen a drop of over 30%, with 102 stocks plummeting more than 50%. This downturn impacts large-cap stocks broadly. Although theres a possibility of a relief rally, foreign selling pressures pose continued risks.
Anarock Property Consultants files papers for Rs 1,000 crore IPO
Anarock Property Consultants Ltd has filed draft papers to raise Rs 1,000 crore via an IPO. The IPO will consist of a fresh issue of up to Rs 550 crore and an Offer For Sale of Rs 450 crore. Funds raised will support technology investments, business growth, and acquisitions, focusing on artificial intelligence and technology. The company previously raised Rs 200 crore from 360 One Asset Management in 2024.
IPO investors strike gold with 7 multibagger stocks in 3 months. Did you miss the bus?
Between July and September 2026, the IPO market saw remarkable activity, with seven newly listed stocks seeing their prices double from initial offerings. Despite the triumphs, others faced steep declines. Overall, these IPOs yielded an average return of 36.46%, standing in stark contrast to the wider market's lackluster performance. Investors should be diligent in evaluating company fundamentals before pursuing new investments.
Code red! NSE breadth breaks down as 350 out of 500 stocks crash up to 60% in two month selloff
In recent weeks, the NSE 500 index has faced significant setbacks, with declines in numerous stocks due to mounting economic pressures and foreign selling activities. Stock losses have ranged between 18% to 64% over the past two months. Contributing factors, such as surging crude oil prices and higher US bond yields, have turned market sentiment sour.
Vishal Nirmiti IPO Day 2: GMP at 16%, check subscription and key details. Should you apply?
Vishal Nirmiti IPO entered Day 2 of bidding with the Rs 178-crore issue subscribed 5% on Day 1, led by 6% subscription in the retail category. The IPO comprises a Rs 145-crore fresh issue and Rs 33-crore OFS, with the issue closing on October 5. premium listing. Shares are expected to list on NSE and BSE on October 8.
Cupid shares hit a 52-week high after raising its FY27 guidance for the second time in two weeks, targeting Rs 800 crore revenue and Rs 250 crore net profit. Driven by strong domestic and international demand, the multibagger stock has surged 617% over the past year.
Rassense targets 1,000 crore revenue by FY30, bets on healthcare, corporate catering
Company to evaluate whether to raise debt or equity to support the corporate catering expansion
Eicher Motors Share Price Live Updates: Eicher Motors Trading Update
Dr. Lal PathLabs among 3 stocks that closed above VWAP
A closing price above the VWAP indicates that a stock ended the trading session higher than its volume-weighted average traded price for the day.
Alliance Insurance Brokers looks to raise up to 900 crore in minority stake sale
Alliance Insurance Brokers is looking to raise 800-900 crore through a mix of primary and secondary share sales as it expands across smaller Indian cities and overseas reinsurance markets.
Tata Consumer Share Price Live Updates: Tata Consumer's Price Movement Today
Max Healthcare Institute among 3 F&O stocks with a sharp rise in futures open interest
On September 30, three stocks in the NSE F&O segment recorded over 7% increases in futures open interest, indicating higher active contract positions and increased market participation.
Maruti Suzuki Share Price Live Updates: Maruti Suzuki's Price Movement Today
HCL Tech Share Price Live Updates: HCL Tech's Stock Value Insights
Sun Pharma Share Price Live Updates: Sun Pharma's Stock Update
RBI approves Anup Kumar Saha as Kotak Mahindra Bank MD & CEO for 3 years
RBI has approved Anup Kumar Saha as Kotak Mahindra Banks MD and CEO for three years from 1 January. He will succeed Ashok Vaswani, who is stepping down at the end of his term.
Dr Reddys Share Price Live Updates: Dr. Reddys Market Activity Overview
HDFC Life Share Price Live Updates: HDFC Life's Price Movement Today
UPL Share Price Live Updates: UPL's Financial Snapshot
The governments Rs 1.86 lakh crore PM DHARA scheme is expected to boost renewable energy, power transmission, capital goods and cable companies. Targeting 135 GW renewable power evacuation, 50 GWh storage and 1213 HVDC projects through 20272036, the programme could create substantial long-term order opportunities for infrastructure and equipment manufacturers.
TCS Share Price Live Updates: TCS Current Price Update
L&T Share Price Live Updates: L&T's Stock Price and Volume Analysis
Apollo Hospital Share Price Live Updates: Apollo Hospital's Recent Stock Trends
Who is Captain Smit Machchhar? Captain Smit Machchhar, an Indian pilot flying for flydubai, is being credited with saving all 180 people on board Flight FZ1073 after his co-pilot allegedly stabbed him and tried to force the plane into a crash mid-flight from Dubai to Tel Aviv. Cabin crew entered the cockpit during the struggle as the aircraft lost altitude sharply, and the plane later stabilised and diverted to Tabuk in Saudi Arabia. Who is Smit Machchar?
Hegseth confirms that the US military will cut 20% of its generals and admirals
Defense Secretary Pete Hegseth announced a significant plan to cut 20% of the military's generals and admirals. This decision comes during ongoing military engagements with Iran and Venezuela, adding pressure to U.S. forces. Hegseth's focus includes eliminating perceived 'woke' culture and diversity programs within the military. Senators expressed concerns regarding these cuts and their long-term impact on military leadership. The cuts are expected to be implemented by January 1, 2027.
Aurobindos arm, Acrotech Biopharma, launches Adquey in US
The launch marks Acrotechs entry into the US dermatology market and expands the companys commercial presence into a new strategic therapeutic area
Growpital case: Sebi to refund money directly to investors for first time
Securities and Exchange Board of India has ordered a refund for investors affected by Growpital's scheme. The refund will involve 192.88 crore raised from over five thousand investors through unregistered entities. Sebi will verify investor details with Cashfree Payments before issuing refunds proportionately. Investors will receive interest at a rate of 12% per annum from the date of the interim order.
OpenAI sued after 700-agent AI swarm hacked Hugging Face: What lawsuit says
OpenAI faces a lawsuit from the nonprofit LASST after its AI agents gained unauthorized access to Hugging Face's systems during a test.
IPO rush continues: 50-plus companies file DRHPs ahead of Sebi deadline
September 2025 marked a significant increase in Draft Red Herring Prospectuses submitted to Sebi with 55 submissions. Companies with a March 31 fiscal year end rushed to file before the September 30 deadline. Failing to meet this deadline could complicate their IPO plans, requiring updated audits and due diligence. The IPO market has surged since July, recovering from previous delays in activity.
Catch them young: ICICI Lombard eyes 18-35-year-olds with digital health cover
For ICICI Lombard, the immediate objective is to get younger customers into its customer base early, keep them engaged and eventually move them toward higher-value products as their financial capacity and insurance requirements grow.
Noel and son move to shield Trusts as Tata Sons tussle heats up
Noel Tata and son Neville have filed a bunch of caveats with the charitable trusts regulator against Venu Srinivasans complaints over Tata Trusts, seeking to guard against adverse orders that could constrain the Trusts in the ongoing tussle at Tata Sons ahead of a key shareholder meet.
Big Four alumni build boutique consulting rivals, targeting startups, PE and VC firms
A new wave of mid-tier consulting firms, founded by former Big Four partners, is targeting startups, private equity and venture capital clients with specialized services. They offer equity, independence and flat structures to lure senior talent.
Dilip Buildcon aims to double coal output by FY29 in major mining push
The firm aims to achieve 57 million tonnes of coal output by FY29 and expand into bauxite, shifting 75% of profits from traditional EPC to long-term mining assets, MD & CEO Devendra Jain told Mint.
Amazon expands ultra-fast delivery service Amazon Now to over 120 cities
Amazon Now has doubled its footprint in two weeks, bringing minute-level deliveries to customers in cities including Amritsar, Abohar, Jalandhar, Ambala, Mangalore, Manipal, Vizag, Kochi, Changanasser
Stocks in news: Infosys, HDFC Bank, Jio Financial, IRFC, NCC and Blue Dart
Indian equity benchmarks experienced a decline over two sessions due to profit booking and rising oil prices. The Nifty 50 index closed down by 95.75 points, reaching 22,620.45. Jio Financial Services and Allianz Europe B.V. have invested in their joint venture for business operations. Infosys has expanded its partnership with ABN AMRO for AI-driven transformation initiatives.
Flipkart weighs ESOP cash-out amid staff unease, senior departures
Flipkart is considering another Esop programme that may allow eligible employees to cash out a larger share of their vested holdings, as uncertainty over its IPO and future liquidity events causes unease among employees
Usual October cheer could be missing after rout last month
As investors approach October, the landscape is shaped by high crude oil prices, increasing bond yields, and continued foreign selling. Historically, October has favored positive market returns, yet recent downturns could challenge this pattern. With the earnings season on the horizon, corporate profitability, particularly within large-cap stocks, will be under scrutiny.
Banks pitch cheaper dollar funding route to large corporates via domestic bonds
The plan is aimed at companies that already have dollar revenues or offshore operations, since they are better placed to absorb the currency exposure the swap creates.
Tata Trusts vice chairman Vijay Singh flags SDTT 'meddling' in Tata Sons
Tata Trusts vice chairman Vijay Singh has approached the Maharashtra Charity Commissioner seeking an immediate inquiry into the administration and governance of the Sir Dorabji Tata Trust, including its involvement in Tata Sons commercial and strategic affairs. His move follows a similar complaint by fellow vice chairman Venu Srinivasan.
The US economy grew 2.2 percent in the second quarter from April to June, the Commerce Department announced recently. Consumer spending and business investment helped propel the growth of the economy. The large increases in imports cut into GDP growth. Spending by consumers was up 3.8 percent, while investment by businesses, less housing, climbed 9 percent. The revised estimate was sharply higher than the 1.5 percent the government had estimated in July.
Mattel chief Kreiz to step down, join Paramount Skydance as co-CEO
MATTEL-CEO:Mattel chief Kreiz to step down, join Paramount Skydance as co-CEO
Google restricts access to new AI model over safety concerns
Google said Argon is designed to refuse requests that could help carry out cyberattacks or develop chemical, biological or nuclear weapons
RBI net short forward position rises to $200 b
In August, the Reserve Bank's net short forward positions increased significantly to $200 billion. This rise follows a net short position of $136 billion recorded in July. Long dollar positions also saw an addition, indicating ongoing market adjustments. Economists suggest that the RBI is facing challenges in managing these short positions effectively.
Bankrupt Fund Founder Weiss Agrees to Auction Art at Sothebys
Bankrupt hedge fund founder and prodigious art collector George Weiss has struck a deal with Sothebys Inc. to auction more than a dozen pieces in his collection later this year in order to repay a Bank of America Corp. loan.
Rating upgrades moderate in H1 as India Inc faces multiple headwinds
Rating upgrades moderated in the first half of the financial year as companies faced headwinds from the West Asia conflict, rising crude prices, higher input costs and evolving US tariff measures. Downgrades also declined, though rating agencies cautioned that this may not capture cases where issuers do not cooperate with adverse reviews.
HDFC Capital, Shalimar create Rs 750 crore platform for UP real estate
HDFC Capital Advisors has joined forces with Shalimar Corp to establish a significant Rs 750 crore real estate development platform. This collaboration aims to enhance residential and mixed-use projects in prominent Uttar Pradesh cities like Lucknow and Varanasi. The venture envisions a development potential surpassing 5 million sq ft, inclusive of around 3,000 residential units.
Companies upset as states delay labour codes adoption
Major industrial states including Karnataka, Tamil Nadu, Maharashtra, Telangana, Haryana and Punjab are taking longer than expected to notify the final rules, leaving employers in a flux over several divergent provisions. HR departments say they now have to navigate Centre-state rules that don't align, creating inconsistencies in compliance requirements.
Traders call off 'No UPI Day' protest plan after meet with FM Sitharaman
Finance minister Nirmala Sitharaman met small-trader representatives on Wednesday, following which the AICPDF and AIMRA withdrew their proposed No UPI Day protest on October 2.
Lucknow (Uttar Pradesh) [India], September 30: Growing investor interest in Dholera was evident in Lucknow as RWI Developers hosted an investor-focused presentation for its upcoming plotted development, Estate One10, at The Taj Palace, Lucknow. The event, which was initially planned for a limited group of serious investors, drew nearly twice the expected participation, with a strong turnout of investors and prospective buyers attending the session.
Indian entrepreneurs increasingly eye global residencies, ramp up AI investments: HSBC report
Singapore was the preferred destination among Indian respondents, with 14% naming the city-state as their choice
It's save dynasty rally: Shivraj Singh Chouhan
The BJP criticized the INDIA bloc's upcoming 'Save Democracy' campaign, referring to it as a 'Save Dynasty' initiative. Union minister Shivraj Singh Chouhan accused the opposition of lacking a unified agenda and suggested their efforts were an excuse for electoral failures, emphasizing their focus on attacking constitutional institutions instead of self-reflection.
The October Horoscope 2026 points to one especially lucky day for each zodiac sign. For some signs, the best days of the month could open the door to a fresh start.
Darjeeling 'Toy Train' chugs into top 50 global destinations in 2027
The Darjeeling Himalayan Railway (DHR) has been named among Lonely Planets 50 Best in Travel 2027 destinations, with Darjeeling recognised as a top destination for a toy-train journey.
New Delhi [India], September 30: The Union Cabinet has approved a 23,731 crore National Circular Bioenergy Scheme and several of the capabilities targeted by GOBARdhan are already part of ORSL's operating and technology platform.
Apple aims to sell 6 million iPhone Duo units this year, priced at $1,999. Its success relies on increased production while IDC predicts a 13% growth in foldable phone sales.
SUJAN plans to more than double portfolio in 4 years: Why Zambia is just the beginning
The deal gives SUJN a foothold in Zambias Lower Zambezi National Park, a biodiversity-rich wilderness area in Africa.
Trump, AI majors pledge AI safety; experts flag lack of enforcement
Accord calls for internal controls, independent audits and board oversight, but experts flag weak enforcement, lack of common safety standards and concerns over auditor independence
Aurobindo Pharma's Acrotech enters US dermatology market with Adquey launch
To support the launch and expand this therapeutic segment, the company has set up a dedicated dermatology business unit, the filing said.
