25 C 
Two Anups take the top seats at HDFC Bank, Kotak
Insurers mull seeking mutual fund-style expense limits from IRDAI
The insurance industry is currently discussing a tiered expense structure to replace uniform expense limits set by regulators. Smaller insurers are advocating for higher allowable expenses on initial premium bases to facilitate growth. These discussions follow the regulator's proposal to limit the expenses of management for life and general insurers. Industry executives believe a tiered structure can promote competition among insurers of different sizes.
Vedanta Copper plans $2.3 billion capex, Tamil Nadu smelter restart back on agenda
Vedanta Copper announced plans to invest $2.3 billion over three to four years to increase its output. The company aims to produce 500,000 tonnes of copper in India and 500,000 tonnes in Saudi Arabia. Officials are in advanced discussions to potentially restart the Tuticorin smelter, which has been inactive since 2018. If approved, they will invest $250 million to refurbish and restart this facility to enhance operations.
Indias fuel demand splits in September as petrol, diesel rise and LPG falls
Petrol and diesel sales increased in September by 7.2% and 4.9% year-on-year, respectively. The rise in petrol consumption was supported by higher vehicle sales during the month. Meanwhile, diesel demand was boosted due to below-normal monsoon rainfall and increased economic activity. Aviation turbine fuel sales experienced flat growth, indicating subdued air traffic. LPG consumption fell by 9% as disruptions from the war impacted supplies.
NCLT rejects Uniton Infra insolvency plea against Shapoorji Pallonji over Rs 4.31 crore claim
The National Company Law Tribunal rejected Uniton Infras plea seeking insolvency proceedings against Shapoorji Pallonji & Co over an alleged Rs 4.31 crore default linked to road resurfacing work in Nellore. The tribunal said one invoice fell under the Covid-era ban on bankruptcy filings, while the remaining claim was below the Rs 1 crore threshold.
Govt warns Nayara, RIL-BP against fuel sales caps amid diesel curb reports
Oil secretary Neeraj Mittal stated that restricting fuel sales at pumps is unacceptable during a press conference. He emphasized that no companies are permitted to cap fuel sales. Reports indicate that Nayara Energy and Reliance Industries-BP joint venture have limited diesel sales. The increase in international diesel prices has affected the domestic supply. Mittal reiterated that the government's stance on this issue remains unchanged.
Indias biotech ecosystem holds tremendous promise: Eli Lilly CEO
Eli Lilly has experienced significant growth, reaching a market capitalization over $1 trillion. The company aims to maintain its leadership in anti-obesity drugs through ongoing innovation and development. With successful trials for drugs like retatrutide and Foundayo, Lilly is expanding its product offerings. The company recognizes the importance of India as a growing market for healthcare investments and partnerships.
ARCs seek govt help to speed up recovery
Asset reconstruction companies have called for improved government intervention to accelerate debt recovery through DRTs. They proposed changes including automatic lapse of interim stays after two months and better notification processes for creditors. Additionally, they requested timely filling of DRT vacancies and enhanced electronic services for litigation. The Sarfaesi Act has been highlighted as an essential tool for banks in asset recovery.
Anushka Sharma-backed Slurrp Farm explores fresh fundraise as existing investors eye exit
Slurrp Farm is currently exploring new fundraising opportunities as existing investors consider exiting their holdings. The company aims to attract potential investors while discussing the details of the proposed deal. Founded by Meghana Narayan and Shauravi Malik, Slurrp Farm has leveraged supergrains in their products. Recently, the brand was valued at 827 crore during a Series C5 funding round. Investor interest continues to rise in the healthy snacking market.
Indias city hotels find a new growth engine in weekend getaways
Weekend demand at city hotels in India is improving, driven by rising staycations and increased domestic travel. Occupancy levels have significantly increased in 2026, with Mumbai and New Delhi recording substantial gains. Major hotel chains like Radisson and Ibis report favorable trends in occupancy rates and average daily rates. This shift in consumer behavior marks a notable change in the hospitality landscape post-Covid-19.
Vedanta plans $200 million push to lift Rajasthan oil output
Vedanta Oil and Gas is increasing investment in Rajasthan to enhance crude output from existing wells. The company aims to invest approximately $200 million in 2026-27 across several fields in the region. Further, Vedanta plans to develop a new hub for gas growth in the northeast region. Enhanced-recovery techniques are being employed to increase production efficiency from their wells.
RBI asks banks to tackle repeat customer complaints, fix gaps in grievance systems
The Reserve Bank of India has asked banks to identify systemic, process and operational gaps behind recurring customer complaints and conduct root-cause analysis to reduce their recurrence. The regulator also called for stronger capacity building and grievance handling. More than 1.33 million complaints were received under the ombudsman scheme in FY25.
EV boom gathers pace as electric car sales jump 95% on fuel prices, new models
India's electric vehicle market recorded substantial growth in September, with sales reaching 34,894 units. This represents a 95% increase compared to last year's figures. Tata Motors maintained its market leadership with a 42.2% share, while Mahindra followed with 22.2%. Interestingly, newer entrants like VinFast and Maruti Suzuki captured significant market shares within a short span.
India power demand jumps 11% in September to record 269 GW peak amid deficit monsoon
Indias power consumption rose 11.3% year-on-year to 162 billion units in September, driven by cooling and irrigation demand amid a deficit monsoon. Peak power demand met touched a record 269 GW. NTPC generation rose 12.5%, while Coal India increased production 9.2% and total fuel supplies 12.5%.
Got a 10,000 bonus and already have 5 mutual funds in your portfolio? Should you spread it across your existing funds or put it in one scheme? Heres what investors should consider.
Crude prices back above $101 as China suspends oil exports
Oil prices experienced a 2% rise as China halted oil product exports to regions outside Hong Kong and Macau. This suspension is likely to tighten fuel markets which are already dealing with supply shortages globally. Investors are reacting to ongoing diplomatic efforts concerning the US-Israeli situation with Iran. The market response was volatile, reflecting the uncertainty caused by these developments.
Experts highlight risks young investors should consider when using AI for investment decisions.
Two brothers jointly own a house, but one later buys the other's share and becomes the sole owner. The former co-owner moves out but continues to use the property's address on Aadhaar and bank records. Does this create any risk for the new owner? Experts explain.
A Pension Adalat will be held on October 12-13 in Gurugram for pension-related issues of Haryana's retired and serving GPF employees. Officials encourage eligible attendees to bring necessary documents for resolution. Check timings, documents to carry and more.
Large-cap mutual fund or Nifty 50 index? Expert weighs in on where to invest and if SIP is better
Large-cap mutual funds and Nifty 50 index funds both offer ways to gain large-cap exposure. But should investors choose one or hold both? An expert explains how passive and active allocations can fit into a portfolio and what investors should consider.
Auto makers post strong sales ahead of festive season
Auto makers in India reported impressive sales growth, indicating strong demand heading into the festive season. A total of approximately 460,000 vehicles were dispatched in September, marking a 21% increase compared to last year. Maruti Suzuki led the market with a 37% increase in sales, underscoring consumer enthusiasm.
Eventions SME IPO to open on Sep 30; seeks to raise Rs 38.12 cr
Eventions IPO aims to strengthen financial stability, support working capital, and pay off debt. Funds from the IPO will also help invest in a subsidiary and address general corporate purposes. Eventions reported growth in total income and profit after tax over the past three years.
Gopchade proposed establishing a dedicated policyholders protection framework, with separate arrangements for life and long-term insurance, as well as general insurance.
Books, coffee and banking: Anup Bagchi the ICICI lifer set to lead HDFC Bank
Anup Bagchi, who has spent 34 years at ICICI Group, will join HDFC Bank as managing director. He has held various leadership roles, overseeing retail and wholesale banking functions. Bagchi's appointment comes after the RBI approved it, succeeding Sashidhar Jagdishan. Known for his informal manner, he led the bank through challenging times like demonetisation.
India, Jordan eye deeper textile ties
India and Jordan are embarking on an exciting journey to enhance collaboration in the textiles and apparel industry. A recent high-level delegation from Jordan engaged with Indian officials, discussing opportunities for partnerships across multiple sectors, including fabrics and technical textiles. They are also exploring joint ventures and student exchange programs to bolster trade and deepen mutual ties.
Large- and small-cap mutual funds are seeing different investor interest, raising questions about how you should allocate across equity and other asset classes. A September report outlines how conservative, moderate, and aggressive investors could structure their portfolios.
Pensions via UPI: PFRDA chief S Ramann bets on NPS Tatkal, targets 3 crore new subscribers
The regulator is looking to expand pension coverage by making it easier for people to open NPS accounts and contribute digitally, particularly through the newly introduced NPS Tatkal facility.
PepsiCo, Monster challenge India 'energy drink' label ban citing business impact
PepsiCo and Monster Beverage have sued India's food regulator for banning their use of the energy drink label, non-public court filings show, escalating a regulatory fight that has jolted a sector expected to be worth $1.6
Anup Bagchi has been appointed as HDFC Bank's MD and CEO after RBI approval. He faces challenges in increasing core income and reducing product mis-selling. Previously, he was CEO of ICICI Prudential Life Insurance and has extensive experience with the ICICI Group since 1992.
This year, October 2 or Gandhi Jayanti, will fall on a Friday, marking the first weekday bank holiday of this month. Check how bank services, UPI, Net banking, ATM services will be impacted.
Digital personal loans are gaining ground in India, with digital lenders accounting for a large share of loan volumes. A new report examines how borrowing patterns are changing, who is using digital credit and how banks compare as the lending landscape evolves.
Bank account emptied by cyber fraud? Heres what to do immediately and why 'golden hour' matters
A cyber fraud can leave victims worried not just about lost money but also about what happens to their bank account after the incident is reported. Heres what customers need to know about the banks response, account restrictions and chances of recovering the money.
Anup Saha: Grounded operator, sharp with numbers
TCIL pays Rs 43.86 crore dividend to government for FY26; profit after tax at Rs 146 crore
Telecommunications Consultants India Ltd has paid a dividend of Rs 43.86 crore to the Government of India. This payment follows an operating revenue of Rs 3,335 crore and a profit after tax of Rs 146 crore. Over five years, the company's revenue has significantly increased from Rs 1,596 crore in FY 2021-22 to Rs 3,442 crore in FY 2025-26.
Nissan Motor September sales down 5% to 10,025 units
Nissan Motor's total car wholesales fell by 5 percent in September 2026, reaching 10,025 units, compared to 10,500 units the previous year. In detail, the domestic market contributed 3,300 units, against 6,725 units in exports. However, a promising trend emerged with domestic wholesales increasing twofold from 1,652 units in September 2025, driven by growth in SUV demand and better dealership support.
TRAI directs telcos to prominently display mandatory recharge packs
Telecom Regulatory Authority of India has instructed telecom operators to clearly display recharge plans online. This directive follows subscriber complaints about the difficulty of finding these plans. Operators have 30 days to comply with the new regulations regarding mandatory packs. Subscribers will benefit from added transparency as plans will be more accessible for all users.
Indian banks see credit growth outpace deposits in second quarter
In the second quarter, several Indian banks reported that credit growth outpaced deposit growth significantly. Canara Bank experienced a credit growth of 19.4% compared to a 13.1% increase in deposits. Similarly, Indian Bank showed a credit growth of 16.6%, while deposits grew only by 12.4%. This trend was seen across most banks, though South Indian Bank was an exception.
ACKO launches three products across motor, health and travel
Digital insurer ACKO has rolled out three innovative offerings designed for motor insurance, healthcare, and travel needs. The DriveCam is a cutting-edge dashcam that captures driving footage, boosting safety and providing critical evidence. ACKO Clinic enables Bengaluru residents to access healthcare services, including doctor consultations and health check-ups. Meanwhile, AirPass is a travel subscription service that assists domestic flyers in handling delays and cancellations, aiming to proactively engage customers.
Anup Bagchi has been appointed managing director and CEO of HDFC Bank, effective October 27, 2026. He transitions back to banking after a three-year stint at ICICI Prudential Life Insurance. Bagchi's extensive experience spans various roles in retail, corporate, and investment banking sectors. The Reserve Bank of India approved his appointment and he will also become an additional director at the bank.
Sebi asks stock brokers to display investor warnings on apps and websites
Sebi orders stock brokers to display investor awareness messages on websites and trading apps under Project Jagrook. From November 1, apps must show Sebi messages and risk disclosures on alternate days, strengthening digital investor education and risk communication.
The gap indicates that although households continued to accumulate savings and investments, a growing share of the additional wealth was offset by higher borrowing. Consequently, net financial assets grew by just 6.8% in 2025, below the growth rate of gross financial assets.
HDFC Bank names ICICI veteran Anup Bagchi as MD & CEO
HDFC Bank appointed Anup Bagchi as Managing Director and CEO, following Reserve Bank of India's approval. Bagchi succeeds Sashidhar Jagdishan, whose tenure ends on October 26, 2023. He has over three decades of experience in financial services, primarily with ICICI Group. Bagchi's leadership positions include executive director at ICICI Bank and CEO at ICICI Prudential Life Insurance. His appointment reflects a thorough assessment of his experience across various banking sectors.
Samvardhan: Architecting scalable infrastructure and enterprise growth at India Mobile Congress 2026
India Mobile Congress (IMC) is set to take place in New Delhi from October 7-10, spotlighting the future of global connectivity and digital infrastructure. With its primary focus on Samvardhan, the summit will feature discussions around manufacturing, market access, and cutting-edge technologies led by industry experts, all aimed at transforming India's technological landscape.
Renaissance Solar to invest Rs 5,000 crore in Karnataka
Renaissance Solar and Electronic Materials has announced plans to invest Rs 5,000 crore in Karnataka. The company aims to establish a 5 GW solar ingot and wafer manufacturing facility by mid-2028. This facility will be located in the Chennai-Bengaluru Industrial Corridor in Tumakuru. RSOLEC has requested 100 acres of land, along with 80 MW of power and 10 million litres per day of water.
Hero MotoCorp total dispatches at 7.66 lakh vehicles in September, up 12%
Hero MotoCorp's vehicle dispatches reached 7,66,348 units in September 2026, reflecting a significant increase. The growth in dispatches was attributed to high consumer demand and anticipation for the festive season. Motorcycle dispatches comprised 6,65,994 units, while scooter dispatches amounted to 1,00,354 units. Domestic dispatches rose by 11%, totaling 7,39,018 units during the same period. In contrast, exports decreased to 27,330 vehicles from 36,638 in September 2025.
NPS Diwas: PFRDA launches awareness drive for Sanchay pension scheme here's what you need to know
PFRDAs NPS Sanchay Pension Yatra will cover Delhi, Ahmedabad, Bengaluru, and Kolkata from 1-16 October. NPS Sanchay is designed to simplify retirement savings, with a predefined investment approach and flexible contribution options. Heres who can apply and how the scheme works.
Tax audit deadline extended: What you should do now
India to ask pvt fuel retailers to end rationing
NEW DELHI: India will ask private fuel retailers to stop rationing sales, Oil Secretary Neeraj Mittal said on Thursday.Nobody is allowed to cap fuel sales. We will tell them it is not acceptable, Mittal said.Mittal said the government had previously issued instructions to retailers on the matter and that its position remained unchanged.Indian private refiners Reliance Industries and Nayara Energy have restricted diesel and gasoline sales at their service stations to limit losses from selling the fuels at below-market rates.India has not revised retail diesel and gasoline prices since May despite rising oil prices.State-run fuel retailers are losing about 50 rupees per litre on diesel sales, company officials said.
Office space leasing increases by 6% on-year during JulySeptember
India's office sector recorded absorption of 66.4 million sq. ft. in the JanuarySeptember (9M 2026) period, marking a record high for any nine-month period. The total absorption during the first nine months of the year rose 8% year-on-year, reflecting a sustained leasing momentum across the quarters.
India imports 50% of gas needs, targets 10X CBG output: Hardeep Singh Puri
India's Petroleum and Natural Gas Minister Hardeep Singh Puri emphasized the need for enhanced domestic energy production. Rising energy demand, outpacing the global average, requires India to become less reliant on imports. The government is implementing a new compressed biogas framework to increase domestic production significantly.
When can 8th CPC report be implemented?
The India Mobile Congress 2026 revolves around the innovative theme 'Scale Without Boundaries,' aiming to address the necessity for equitable digital access and groundbreaking connectivity methods. Over a four-day period, engaging sessions will delve into topics like autonomous networks and the role of AI in telecommunications, featuring insights from influential figures in the industry and global policymakers.
UPI hits 24 billion transactions in September; NPCI data shows 1.8% monthly dip amid MDR concerns
UPI transactions in September reached 24.07 billion, a 1.8% decline from August, but marked a 23% year-on-year growth. The total value was 29.37 lakh crore, with an 18% annual increase, while daily averages stood at 802 million transactions valued at 97,913 crore.
TVS Motor September sales rise 24% to 6.73 lakh units
TVS Motor Company reported a 24% rise in sales, reaching 672,790 units in September 2026. Domestic two-wheeler sales grew by 17% while electric vehicle sales doubled, reflecting increasing demand. The company's international business surged by 48% in the same month. In the second quarter of FY27, total sales reached 1.9 million units, including three-wheelers. Overall, TVS Motor Company continues to demonstrate robust growth across its segments.
ICICI Bank gets 229 cr tax order for min balance
New fund offers: 9 mutual funds and 2 SIFs are open for subscription now. Check dates and details
Nine mutual funds and two SIFs are currently open for subscription, including four ETFs, two index funds, a contra fund, a small-cap FOF and a life-cycle fund.
Central Railway is open to running special water trains to drought-hit districts of Maharashtra if the state government provides an adequate water source. The railway zone has not yet received a formal request. With 265 of Maharashtras 358 talukas declared drought-hit, officials said the scale of the current situation could make the operation more challenging than the 2016 Latur water train.
Retail leasing moderated by 7.3% quarter-on-quarter
Indias retail real estate sector showed active occupier demand with gross leasing volume reaching 2.22 million square feet. Main streets represented 67.9% of total leasing activity, while mall leasing declined significantly due to constraints. Domestic retailers maintained a dominant position, accounting for 86.3% of leasing volume in the third quarter. Grade A mall vacancy decreased to 4.8%, highlighting limited availability of quality retail space.
Explained: How smart beta funds work and what investors should know before investing
Smart beta funds combine passive investing with rule-based factor strategies targeting value, quality, momentum or low volatility. They offer diversification and potentially lower costs but can underperform traditional indices. Experts suggest using them as a portfolio complement for long-term investors.
13 equity mutual funds fail to outperform benchmarks in 3 years: ACE MF
According to data from ACE MF, 13 equity mutual fund schemes have underperformed their benchmarks over the last three years based on their down capture ratios. Schemes from Samco, Shriram, ITI, Motilal Oswal, and others registered down capture ratios exceeding 110, indicating higher losses during market downturns.
Your UPI payment just got a price tag: what it means for GST-registered taxpayers
NPCI, which manages UPI, has brought in a merchant discount rate of 0.4% on certain person-to-merchant UPI payments above Rs 2,000.
GEC-III scheme to unlock next growth phase for India renewables sector
The Union Cabinet approved the GEC-III scheme, earmarking Rs 1.86 lakh crore for developing transmission systems and battery storage. This initiative will facilitate the evacuation of 135 GW of renewable energy by FY2032-33 while addressing industry concerns regarding transmission capacity. Experts believe that it will also lead to significant growth in the renewable sector and stabilize the electricity grid.
A recent study highlighted that 73% of equity mutual funds failed to generate positive returns on lumpsum investments within a two-year timeframe. Among the 273 funds analyzed, merely 73 showcased profitable performance, indicating substantial losses across the board. Noteworthy among the underperforming categories were flexi cap funds, with Samco and NJ Flexi Cap Funds leading in losses.
CEAT expands Chennai plant to boost premium tyre production for India, global markets
CEAT has expanded its manufacturing capabilities at the Chennai plant across various tyre categories and segments. This expansion will enhance the production of advanced products for both domestic and international markets. The facility can now produce seven advanced Truck and Bus Radial sizes to meet changing commercial demands. Additionally, light truck steel radial tyre manufacturing capacity has been scaled up to address growing adoption.
Planning to invest in flexicaps via SIPs? Here are top performers and laggards over past 2 years
NHAI is preparing to begin work on Amaravatis proposed six-lane outer ring road, spanning nearly 190 km with a total construction length of 195.13 km including a 5.2-km spur near Guntur. The Rs 30,491-crore project will be built in four packages and feature three tunnels and two major bridges across the Krishna river, creating a high-capacity connectivity network around the Andhra Pradesh capital region.
The financial risks you cannot see coming
We spend much of our time preparing for visible financial risks. But longevity, inflation and inadequate insurance can create deeper risks that surface only when it is too late to respond.
US 10-year yield at 24-year high rattles Nifty, rupee and bond markets. Why is India hit hard?
The US 10-year Treasury yield surged to a 24-year high, triggering a global bond sell-off and pressuring Indian equities, bonds and the rupee. Higher US borrowing costs are raising concerns over FII outflows, currency weakness, imported inflation and RBI policy. Rising crude prices are adding to the pressure on Indian markets.
India steps up palm oil buying as tax cut spurs restocking
India is increasing its palm oil imports after reducing import duties, prompting refiners to restock. More than 200,000 tons of crude palm oil have been bought recently as inventories run low. The government cut taxes on edible oil imports, adding urgency to the purchases. This buying activity is crucial ahead of the Diwali festival and the wedding season.
A report reveals that market gains largely fueled global financial wealth growth, while new household savings fell. Here's where India's wealth growth stood in 2025.
Insurance penetration stays low as operating costs rise faster than premiums: McKinsey
India's insurance penetration is at 3.7 per cent of GDP, which is below the global average. While life insurance premiums grew, the number of individual policies sold declined in recent years. The Insurance Regulatory and Development Authority of India is examining changes to improve affordability and transparency in distribution costs. Constraints on insurance growth now relate more to product relevance and trust rather than access.
Maruti Suzuki India total sales rise 24% to 2.36 lakh units in September
Maruti Suzuki India Ltd has reported a 24.4 percent rise in total sales, reaching 236,013 units in September. Domestic passenger vehicle sales notably increased by nearly 37 percent to 181,838 units last month. Exports also saw an increase, up to 44,219 units compared to the previous year. Sales of utility vehicles surged significantly, demonstrating growing demand in the market.
Tata Motors passenger vehicles sales jump 40% in Q2
Tata Motors Passenger Vehicles Ltd reported its best-ever quarter in Q2 FY27, with total sales rising significantly. The company's electric vehicle sales increased by 90% year-on-year, contributing to higher overall sales figures. Domestic passenger vehicle sales also saw a substantial increase of 40% compared to the previous year. During September, monthly sales surpassed 70,000 units, marking a significant milestone for the company.
Buying term insurance early can mean lower premiums, but the need for cover depends on financial responsibilities. Age, health, lifestyle and liabilities can affect the cost, while marriage, children, loans and dependent parents can increase the amount of cover needed.
Supply route disruptions driving crude prices: Puri
FSSAI suspends licences of Shivam Agro, TCF Chocolates over food safety violations
FSSAI has suspended the licences of two food business operators due to food safety violations. Inspections revealed serious issues at Shivam Agro and TCF Chocolates & Gifts. Deficiencies included poor sanitation, pest infestations, and improper food handling practices. Both establishments failed to maintain proper food safety records as mandated by regulations. All food business activities must cease during the suspension period, according to the notices issued.
Anil Bhalla and Gautam Bhalla have been arrested by the Enforcement Directorate in a significant fraud investigation. They are accused of failing to deliver residential plots after buyers paid approximately Rs 260 crore. The allegations include cheating, criminal breach of trust, and criminal conspiracy linked to multiple FIRs filed against them.
Building global infrastructure: JEY GROUPs vision for long-term growth
Acknowledged for his pivotal role in global maritime investments, Dr. Dattatreya Nagireddy leads JEY GROUPs mission in creating connected ecosystems to boost international trade and sustainable energy practices. His leadership is centered on logistics, shipping, and energy, aimed at branching out operations worldwide. This recognition reflects JEY GROUP's commitment to fostering long-term economic growth by adopting a holistic approach in key market industries.
Ashok Leyland vehicle sales up 28 per cent to 24,409 units in September
Ashok Leyland achieved a total vehicle sales growth of 28 percent year-on-year in September. The company sold 24,409 vehicles, up from 18,813 units sold in the same month last year. Truck and bus sales experienced a 37 percent increase to 16,188 units in September. Light commercial vehicle sales rose by 12 percent, standing at 7,861 units sold.
Royal Enfield records 8% rise in total sales to 1,33,958 units in September
Royal Enfield recorded total sales of 1,33,958 motorcycles in September, marking an 8% increase from last year. Domestic sales increased by 7%, reaching 1,21,326 units in the same month. Exports also saw significant growth, rising by 17% to 12,632 motorcycles in September. The sales figures reflect positive performance in both domestic and international markets. This upward trend in sales indicates the companys growing presence in the motorcycle industry.
Honda Motorcycle India vehicle sales rise 24% to 7.06 lakh units in Sept
Honda Motorcycle & Scooter India reported vehicle sales of 7,06,266 units for September 2026. This reflects a 24 percent increase compared to September 2025 sales figures. Domestic sales also rose to 6,36,768 units, which is a 26 percent increase from the previous year. Additionally, exports reached 69,498 units last month, showing growth from last year's figures.
Bajaj Auto September total sales up 5 per cent to 5,38,443 units
Bajaj Auto recorded a total sales growth of 5% for September 2026 compared to September 2025. Domestic sales, however, saw a decline of 9% during the same period, impacting both two-wheelers and commercial vehicles. Two-wheeler exports increased significantly by 34%, indicating strong international demand. Domestic two-wheeler sales fell by 12%, while commercial vehicle sales reported a modest growth. Overall, the company's total sales reached 5,38,443 units, showcasing a mixed performance.
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.
Indian investors embrace crypto, overseas stocks: Is the diversification formula changing?
Indian investors are diversifying their portfolios by exploring overseas stocks and cryptocurrencies, moving beyond traditional options like fixed deposits and mutual funds.
Gold Rate: On October 1, 2026, a shift was observed in the gold market as prices fell at key jewellery outlets in India. In Delhi, Tanishq offered 22k gold jewellery at Rs 13,725 per gram, a decrease from Rs 13,755 previously. Malabar Gold & Diamonds also reported rates of Rs 13,680 per gram.
Maharashtra sets stricter redevelopment norms, higher safeguards for housing societies
Maharashtra has tightened redevelopment rules for cooperative housing societies, introducing stricter requirements for developer selection, tendering, member approvals, documentation and project timelines. The revised framework requires at least three developer bids, 51% member approval, video recording of selection meetings and redevelopment agreements within three months. Projects should be completed within two years of the plinth certificate.
A Chennai ITAT ruling allows 63 lakh of Section 54 relief to a taxpayer who built a new house on a plot bought earlier in his wife's name, while rejecting the land cost. The case highlights the tax treatment of land and construction separately.
India power shortfall hits three-year peak despite higher coal burn
India experienced significant power shortages in September, attributed to an increase in industrial consumption and low rainfall. Coal-fired power generation rose sharply, accounting for 66.03% of overall electricity generation. Renewable energy generation increased, but its share in total generation declined to about 17%. Approximately 40% of coal plants were reported to be running with critically low fuel stocks. Overall electricity generation in September increased by 11.3% from the previous year.
Indian carrier SpiceJet praised Captain Smit Machchhar for his actions during an in-flight incident involving a co-pilot attack. The airline expressed wishes for his complete recovery after the heroic event on flydubai Flight FZ1073. SpiceJet acknowledged Machchhar's decade-long service and exemplified the values held by the airline. He is recognized as a hero by his colleagues and many individuals worldwide.
