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Buying property in your spouses, parents or childs name using your money can attract income tax scrutiny and benami law action. Know the tax rules, legal exceptions, penalties and documents you need to avoid notices and property disputes.
Multiple lenders' involvement delaying loan; spectrum renewal not to hit services: Vodafone Idea CEO
Vodafone Idea is experiencing delays in securing a loan from the SBI-led consortium, affecting its plans. The company's CEO, Abhijit Kishore, mentioned that funds from private and foreign banks are sufficient for current capex. Vodafone Idea is working on plans to upgrade its network by 2027 and enhance competitiveness. Its average revenue per user has shown improvement, although losses have increased due to exceptional items.
HDFC Mutual Fund has entered the SIF segment with its first hybrid long-short fund, combining debt, arbitrage and derivatives. The NFO is open until November 27, with a 10 lakh minimum investment. The strategy allows short positions of up to 25% of net assets.
Airlines' grouping AAPA calls for government support amid surging fuel prices, operational costs
The Association of Asia Pacific Airlines (AAPA) -- which represents 18 carriers, including Air India -- has also called for having government leadership during the sustainability transition amid challenges related to using Sustainable Aviation Fuel (SAF) for decarbonisation.
The Supreme Court upheld the inheritance rights of a woman's two sons from her second marriage over 45 bighas of Delhi land, ruling that her limited interest had become absolute ownership under Section 14(1) of the Hindu Succession Act, 1956.
SpiceJet board to meet on November 18 to consider fresh capital raising proposal
The development comes as the budget carrier continues to face significant financial and operational challenges, which have led to a reduction in its flight operations.
Global oil market to return to surplus in Q4 2026, larger supply build expected in 2027: IEA
According to the International Energy Agency, the global oil market is set to rebalance by late 2026. Global oil production is expected to recover faster than demand, resulting in a surplus. The demand for oil is projected to decline by 2.7 million barrels per day in 2026. Despite easing crude prices, tight supplies of refined products continue to challenge energy markets.
The Centre has made electric vehicles the default choice for official cars used by central government departments, setting a 20 lakh purchase limit for EVs against 10 lakh for petrol, diesel and hybrid vehicles. Conventional car purchases will require special approval.
Which sectors attracted mutual fund interest in October? Check details
AMFI Rejig : Vedanta and HDFC AMC among 7 largecaps stocks that may get midcap status
AMFIs H1 CY27 reclassification may shift seven stocks, including Godrej Consumer and Ambuja Cements, from large-cap to mid-cap status as market-cap thresholds rise.
JSW Motors partners with Amazon Web Services to host connected-car data
JSW Motors has announced a partnership with Amazon Web Services to host its connected-car platform in India. The data generated will remain under the ownership of JSW Motors, ensuring local control. The automaker is preparing to launch its first vehicle manufactured in Maharashtra in the coming months. Additionally, Tata Elxsi will handle localisation of the telematics control unit as connectivity will operate on Airtels network.
Nvidia's share-price slump following the Jensen Huang controversy highlights the risks of investing in global markets. Experts explain five factors Indian investors should watch, from leadership stability and governance to valuations, geographical concentration and geopolitical risks.
Family pension eligibility is prioritized based on legal marriage and childrens status after a central government employee's death. Spouses, children, and in certain cases, adopted or stepchildren, may receive the pension under specified conditions.
Both credit card balances and loans matter when building creditworthiness. Paying cards in full and maintaining low utilisation can help relatively quickly, while steadily reducing loans and making every EMI on time strengthen the profile over time.
Sensex, Nifty snap 3-day rally as banking and realty stocks drag markets lower
Digital Desk | Mumbai, Nov 13 (IANS) Benchmark equity indices ended a three-day winning run on Friday as selling pressure in banking, financial, realty, and metal stocks overshadowed recent gains. Investors remained cautious amid renewed concerns about price pressures impacting various sectors. The Sensex dropped 318.56 points, or 0.39 per cent, to close at 81,592.45. Meanwhile, the Nifty lost 155.05 points, or 0.61 per cent, to settle at 25,144.30. Among the Nifty constituents, Shriram Finance, Tata Motors Passenger Vehicles (TMPV), and Grasim Industries emerged as the top laggards for the session. Broader market indices also faced declines, with the Nifty MidCap 100 and Nifty SmallCap 100 falling 0.24 per cent and 0.26 per cent, respectively. Sectorally, Nifty Realty, Nifty Auto, and Nifty Cement posted the largest declines, while Nifty Media was the most resilient, recording the least loss among major indices. Experts said that the rate hike fear set to test market rally, as rising inflation concerns and the possibility of further monetary tightening weighed on investor sentiment. Domestic inflation breaching the RB's upper tolerance limit has reinforced expectations of a prolonged restrictive interest-rate environment, analysts stated. Going forward, the trajectory of crude prices, currency stability and foreign investor flows will be critical in determining whether this correction remains a near-term consolidation or develops into a deeper earnings-led adjustment, it added. Meanwhile, experts said that for the rupee, that inflation print is double-edged: it signals cost pressure, but a December hike would also widen Indias already sizeable rate advantage over the US and support the currencys carry appeal. Strong foreign inflows, over INR 7,800 crore on Thursday, remain a genuine cushion. The near-term swing factor is oil: if Brent climbs back, the rupees recovery stalls; if it resumes falling, 94 holds, market experts stated. We believe this phase calls for greater selectivity rather than a broad-based defensive approach. Banking, capital goods and consumption-oriented stocks will need to demonstrate earnings resilience to attract fresh buying, experts added.
Indias fuel demand to keep climbing until 2034 despite EV boom
By 2034, India's road fuel demand is projected to exceed 2.5 million barrels per day, fueled by a rise in vehicle numbers and a surge in commercial transportation. While electric vehicles are expected to gain popularity, particularly in the two-wheeler and three-wheeler markets, a robust charging infrastructure investment of around $29 billion will be crucial by 2040.
Arihant Capital gets SEBI's in-principle approval to launch mutual fund business
Arihant Capital Markets has secured preliminary approval from SEBI to act as a mutual fund sponsor, marking a significant step towards its vision of financial empowerment for Indian investors. With a legacy of over 30 years in market expertise, the firm looks to customize investment products that cater to diverse needs, further solidifying its commitment to fostering wealth creation and guiding individuals towards financial independence.
USPS plans to seek approval for an 11% fuel surcharge on domestic Priority Mail and package deliveries in January, citing rising transportation costs. Here's all you need to know
A loan fraud case in Salem involving college students highlights the risks of identity theft and unauthorised loans. Here are 5 essential safety lessons to protect Aadhaar details, bank accounts and personal finances.
Parag Parikh Flexi Cap Fund has cut its cash holding from a peak of 25% to 8.78% in October. Does this make it more attractive? Experts decode the portfolio shift, recent performance and whether investors should stay invested or consider fresh investments.
Higher EPS pension: PMO examined matter, says MP
River Scape near Hyderabad under scanner: RERA told to re-check
Hyderabad: The Telangana Real Estate Regulatory Authority (TG RERA) has been asked to re-examine the registration of the River Scape gated community located near Hyderabad. It came after a member of the RERA Appellate Tribunal raised concerns that the project may have received registration without submitting all mandatory documents and paying the required layout fee. Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS .
India orders audit of electronic waste recyclers to catch fake compliance
India has ordered audits of more than 2,000 waste recyclers, including 309 electronic waste processing units, amid concerns over inflated recycling claims and forged compliance documents. The inspections will cover machinery, plant operations, electricity consumption and production records. The move is aimed at tightening oversight of the e-waste sector and ensuring companies such as Apple, Samsung and LG meet recycling obligations.
Mutual funds reshuffled their large-cap portfolios in October 2026, increasing exposure to Max Healthcare, ITC and BSE while trimming holdings in HCL Technologies, Bajaj Auto and Coal India. Here are the top five stocks bought and sold across market-cap segments.
HSBC Hurun Global Indians List 2026: Check top 5 on the rich list Details, complete list
Alphabet CEO Sundar Pichai has topped the HSBC Hurun Global Indians List 2026, as companies led by global Indians reach $15 trillion in value this year, up 53% since the inaugural 2024 list. Here's a look at the top five names on the list.
SpiceJet to file overdue results after exchange's suspension warning
BSE has warned it will suspend trading in SpiceJet shares if it does not announce its results by December 7
Gold rates today: Gold prices fell at major retailers including Tanishq, Malabar Gold & Diamonds, and Kalyan Jewellers. The price of 22k gold jewellery was Rs 12,695 per gram across these retailers. The India Bullion Jewellers Association (IBJA) also reported a decrease in gold and silver rates.
Property seller takes cash yet wins for this reason
SpiceJet announces date to file overdue results
SCSS vs MIS interest rates: How much will a 15 lakh investment earn in 5 years?
Dinaz Vervatwala x The Economic Times
Dinaz Vervatwala established Dinaz's Fitness, a unique women's fitness studio in Hyderabad, back in 1993. Transitioning from a career as a chartered accountant, she emerged as a prominent fitness trainer and wellness coach. Dinaz advocates for a holistic view of wellness, blending mental health and sustainable practices, drawing on her personal journey after overcoming a traumatic accident that instilled in her the values of resilience and consistency.
Bank of Baroda hikes 555-day FD rates: How much will 1 lakh, 2 lakh and 5 lakh earn?
Bank of Baroda has raised its 555-day FD rates by 10 bps from 12 November 2026. General customers get up to 6.90%, and super seniors get up to 7.50%.
Adani makes smart 3,050 crore bet to power up its metering game
Adani Energy Solutions completed the acquisition of IntelliSmart Infrastructure for Rs 3,050 crore. This deal includes acquiring 100 percent equity share capital and redeeming convertible debentures held by NIIF. IntelliSmart provides advanced metering infrastructure and smart gas meters in India. The acquisition was approved by the Competition Commission of India in October. Adani Energy Solutions is part of the Adani Group and focuses on electricity transmission and distribution.
MSCI rejig: Which stocks may see the biggest inflows & outflows?
In a significant update, MSCI has revealed modifications to its indices, impacting several Indian stocks starting November 30. This shift is predicted to boost India's representation within the MSCI Emerging Markets Index. Notable stocks like Coforge and LIC are anticipated to attract considerable investments, while PI Industries may experience a decline.
Gold bond turns Rs 1L investment into Rs 4.48L
Federal Bank increases senior citizen FD rates
Jindal Power gets $470 million loan for Botswana project
Jindal Power Ltd. has acquired a $470 million loan to fuel its ambitious power project in Botswana. The financing is backed by three Indian banks, alongside participation from international institutional lenders. This initiative aligns with Jindal's previous international expansion efforts and leverages Botswana's extensive coal resources, which are essential for catering to local electricity requirements.
Indian investors who buy Anthropic IPO shares or purchase them after the listing must consider 20% TCS on eligible LRS remittances exceeding 10 lakh, Indian capital gains tax, US dividend withholding tax and foreign asset disclosure requirements.
56% of airlines expect air travel slowdown over next 2-3 years amid rising costs: McKinsey
More than half of airlines expect a slowdown in air travel over the next two to three years, as rising jet fuel prices, higher maintenance costs and aircraft delivery delays weigh on the aviation industry, according to a McKinsey report. The report also highlights the sector's financial challenges, profitability trends and the potential role of artificial intelligence in improving operational efficiency.
Godrej Properties acquires 31 acres in Indore for new residential project amid strong demand
Godrej Properties Ltd has acquired a 31-acre land parcel in Indore for a residential development project. This acquisition will increase the company's presence in the booming Indore property market, where demand is high. The planned development is expected to have a saleable area of approximately 0.7 million square feet. Godrej Properties already has two projects in Indore at advanced stages of completion.
Retirement calculator: Could 9% inflation exhaust your 1 crore corpus 11 years earlier?
EMIs now eat up to 60% of income: How easy credit is draining Indias youth
Household debt has passed 45.5% of GDP, and young Indians are borrowing fastest. See the numbers, the causes, and the way out.
The Finance Ministry says UPI stays free for you. Heres what the new 0.4% MDR on merchant payments above 2,000 means, including for RuPay credit cards and cashback.
Kolkata-Sairang train derailment: Preliminary probe points to faulty braking system
A six-member probe team, in its report, found that the system primarily responsible for applying brakes in the coaches, technically known as the BP angle cock, was in an isolated condition in the locomotive
Power transmission developers seek relief for projects hit by interconnection delays
Power transmission developers have called on the Ministry of Power to implement key changes to enhance project completion efficiency. They highlighted the necessity for automatic financial and contractual relief when delays stem from interconnected infrastructure. The Electric Power Transmission Association suggested that the Central Transmission Utility of India Ltd assume a larger role in coordination efforts.
Planning to repay 7 lakh debt in six months? An expert shares five practical steps to clear the loan by prioritizing high-interest loans, exploring cheaper borrowing options and more.
US returns over $12 billion in oil proceeds to Venezuela since Maduro's ouster, report says
The Trump administration has reported returning over $12 billion in oil revenue to Venezuela as of September 30. Almost all funds from oil sales have been directed to support infrastructure and humanitarian needs. The U.S. Treasury managed the escrow account from which these funds were disbursed following approved requests. Various payments were made for essential supplies and services, including healthcare-related equipment.
Bank holiday today: SBI, HDFC Bank, ICICI Bank, Canara Bank and Punjab National Bank branches will be closed on 16 days this month, including regional holidays and weekend offs, as per the RBI calendar.
Discover the potential of investing in India's booming REIT market, where you can earn from commercial real estate without the hassles of ownership and management. Insights from Ramesh Nair reveal REITs' growth drivers, the importance of total returns over distribution yield, and upcoming property segments that could enhance your investment opportunities.
Senate Banking Committee chair calls on Jensen Huang and Howard Lutnick to testify
By David Shepardson WASHINGTON, Nov 12 - US Senate Banking Committee Chairman Tim Scott sent letters on Thursday to Commerce Secretary Howard Lutnick and Nvidia's former CEO Jensen Huang asking them to testify over recent developments at the company. Huang stepped down from Nvidia, one of the major engines behind the AI boom, after reports of a romantic relationship with a businesswoman named Alice Huang whom US authorities suspect of spying for the Chinese government. In addition, a growing number of lawmakers have criticized Lutnick for the administration's refusal to add dozens of Chinese companies to a key US trade blacklist, and over whether the government was properly overseeing Nvidia's exports to China. Recent reports raise serious concerns about our national security and the protection of sensitive US technology, Scott wrote on X. I am requesting that Nvidia CEO Jensen Huang and Commerce Secretary Howard Lutnick testify before the Senate Banking Committee. Spokespeople for Huang and Lutnick could not immediately be reached. Scott said he would consider subpoenaing Huang if he does not voluntarily appear. The American people deserve answers, Scott said. Senior White House officials were separately discussing whether Lutnick should be pushed out, two people familiar with the situation said, as the desire to take action rose across Washington. Separately, the chairs of three House committees, including the head of the Foreign Affairs panel, Brian Mast, wrote to Huang and Nvidia General Counsel Tim Teter, requiring them to appear for closed-door transcribed interviews on December 1 and December 2, respectively, or face subpoenas to compel their appearances. There are clear national security concerns that need to be addressed immediately, Mast, as well as House China Select Committee Chair John Moolenaar and House Intelligence Committee Chair Rick Crawford, wrote in the letter. They also asked Under Secretary of Commerce Jeffrey Kessler to testify at a December 3 hearing. China has denied Alice Huang is a spy and US Attorney General Todd Blanche said on Thursday that the Justice Department has not yet reached a conclusion on whether she is or not. Alice Huang could not be reached for comment. (Reporting by Jasper Ward and David Shepardson in Washington; editing by Lincoln Feast.) This article originally appeared on Reuters at https://www.yahoo.com/news/politics/articles/us-senate-banking-committee-chair-001522643.html
US Senate Banking Committee chair calls on Jensen Huang, Lutnick to testify
WASHINGTON, Nov
Private power firms demand shield against project delays
In a representation to Power Secretary Pankaj Agarwal, the Electric Power Transmission Association (EPTA) has sought changes to the tariff-based competitive bidding (TBCB) framework governing inter-state transmission projects, including deemed commercial operation date, full tariff recovery and protection against penalties where a project's commissioning is held up by delays in separately awarded interconnected facilities.
Civil aviation minister announces technical trilateral committee involving India, Oman, UAE
Union Civil Aviation Minister K Rammohan Naidu announced a trilateral committee involving India, Oman, and the UAE. This committee aims to tackle operational challenges related to regional airspace. A recent meeting included discussions on these topics amid evolving geopolitical circumstances. Upcoming technical discussions are scheduled with the International Civil Aviation Organisations regions this month. These collaborations seek to foster coordinated solutions for airspace operations in the region.
AI investment is driving growth but also increasing borrowing and long-term bond yields. With spending expected to reach unprecedented levels, investors question whether future revenues will justify the costs. Details here.
Jharkhand Approves Banking Facilities for 906 Panchayats Under Digital Panchayat Scheme
Jharkhands Digital Panchayat Scheme will provide banking services to 906 panchayats, enhancing access for rural residents. Jharkhand Approves Banking Facilities for 906 Panchayats Under Digital Panchayat Scheme
The central government has issued new guidelines allowing officers in Pay Levels 8 and above to buy laptops for their official duties. Eligible officers can invest up to Rs 1,50,000, or Rs 1,80,000 for Make-in-India devices. After four years, these laptops can be kept, provided that all data is erased prior. In case of transfers or retirements, officers can retain laptops by settling the book value.
Banks will be closed in few states on November 16, 2026, due to Chhath Puja. While the Delhi Government has declared a public holiday. November features several bank holidays across India for various festivals and occasions. Customers are advised to complete important banking tasks before the holiday. Scheduled and non-scheduled banks observe public holidays on specific Saturdays of the month.
Pollution-linked health insurance claims among Policybazaar customers quadrupled in three years, with cardiovascular and respiratory conditions making up 78% of claims. Details here.
Shree Cement to invest Rs 7,000 crore in Andhra Pradesh; plans plants in 3 districts
Shree Cement Ltd plans to invest Rs 7,000 crore to establish cement plants in Andhra Pradesh. The company will set up facilities in Kadapa, Anakapalli, and Guntur districts. This decision comes after incentives from the coalition government led by Chief Minister N Chandrababu Naidu. Shree Cement aims to increase its production capacity beyond 80 million tonnes in the near future.
NCLT approves merger of Jana Holdings with Jana Capital
NCLT approved the amalgamation of Jana Holdings Ltd with Jana Capital Ltd effective November 3, 2026. Both companies belong to the promoter group of Jana Small Finance Bank Limited. The amalgamation aims to eliminate the Non-Operative Financial Holding Company layer while ensuring a seamless transition of assets and liabilities. Jana Holdings was established in January 2017 for regulatory compliance and will be dissolved post-merger.
Airlines facing challenging times; skies were a lot rosier a year ago: AAPA DG
High fuel prices, supply chain issues, and sustainability concerns are currently affecting the airline industry significantly. The Association of Asia Pacific Airlines highlighted that operational costs are increasing due to rising jet fuel prices. Governments are encouraged to engage in benchmarking to identify competitive strategies for their respective aviation markets. Sustainable Aviation Fuel production remains constrained, impacting airlines' decarbonization efforts.
Bank holiday tomorrow: Branches closed in this state on Friday, Nov 13 know reason and other details
Banks in Shillong will close on November 13 for Wangala, the Garo communitys post-harvest festival. Details here.
Sensex, Nifty close flat as investors await October CPI data; realty, banking stocks gain
Indian equity markets closed flat on Thursday as investors remained cautious ahead of the October inflation data due later in the day. Buying in financial and realty stocks helped offset profit-booking in IT, FMCG and automobile shares following the recent sharp rally. The Nifty 50 index closed at 25,299.35, gaining 44.30 points or 0.18 per cent, while the BSE Sensex ended at 81,911.01, up 31.61 points or 0.04 per cent. Vinod Nair, Head of Research at Geojit Investments, said buying in financial and realty stocks supported the market, while investors booked profits in sectors that had witnessed a recent rally. Indian equities traded near flat as buying in financials and realty offset profit-taking in IT, FMCG and automobiles following the recent sharp rally. Strong foreign inflows remained the key support, reinforcing a large-cap financial rotation rather than broad index chasing. Mid- and small-caps nevertheless outperformed, signalling firmer underlying risk appetite despite muted b...
AMFIs October 2026 data points to changing investor allocations across equity mutual fund categories, with inflows rising in some segments and declining in others. Experts highlight key trends shaping investor preferences and considerations for those planning fresh SIPs for 2027.
Nippon India Mutual Fund's Gold BeES and Silver ETF together accounted for 55% of the average daily trading turnover across gold and silver ETFs during Diwali 2026. Gold BeES commanded a 54% share of category volumes, while Nippon India Silver ETF held 57%, highlighting strong trading activity in both products.
Fairfax's Rs 52,878-crore IDBI Bank deal sets stage for a financial services powerhouse
Fairfax Financial Holdings has successfully acquired a controlling stake in IDBI Bank for Rs 52,878 crore. The investment aims to redefine IDBI Bank as a comprehensive financial services provider in India and abroad. Fairfax plans to integrate its existing insurance and capital market businesses into IDBI Bank to enhance its offerings. The acquisition reflects Fairfax's strategy of leveraging IDBI Bank's infrastructure for greater market competitiveness.
Arbitrage funds attracted 3,929 crore in net inflows in October 2026, reversing Septembers outflows. We look at the top five funds by 1-year, 3-year and 5-year returns and identify which fund features across all three performance lists.
KL Rahul invests in PlayBlue, joins as brand ambassador ahead of flagship store launch
KL Rahul will invest in PlayBlue, a multi-brand sports retail venture launching its flagship store on November 14. The flagship store in Bengaluru will feature over 75 brands, including apparel and sporting equipment. PlayBlue aims to create an integrated platform that offers expert guidance and experiential retail for consumers. It plans to expand its presence to more than 100 stores across India over the next five years.
Borrow with monthly cash flows in mind: TransUnion CIBIL's Bhavesh Jain
The choice of credit should primarily depend on three factors: the purpose of borrowing, the amount required and the borrower's ability to repay within a defined period, said Bhavesh Jain, MD and CEO of TransUnion CIBIL.
GAIL, KRIBHCO explore $1.6 billion urea plant in Andhra Pradesh
GAIL (India) and KRIBHCO have signed an agreement to explore constructing a urea plant in Andhra Pradesh. The plant is expected to generate direct and indirect job opportunities for local residents. Officials aim to set up a facility producing 1.27 million tons of urea per year in Srikakulam. The state government will support the initiative by providing land and infrastructure.
AMFI Rejig: Cupid, Physicswallah among 13 smallcap stocks that may get upgraded to midcap
Thirteen smallcap stocks, including Ather Energy, RBL Bank and Welspun Corporation, may move into the midcap category in AMFI's H1 CY27 reclassification. Nuvama Institutional Equities has also identified three potential new entrants to the midcap segment.
The Centre raised dearness allowance and relief by 3 percentage points, from 60% to 63%, effective July 1, benefiting over 1 crore employees and pensioners. Several states also announced increases and arrears, with payment arrangements varying by state.
Bihar's first municipal bond, issued by Patna Municipal Corporation, is now listed on NSE and offers 9.20% annual interest, payable quarterly. Here's what investors should know about its returns, risks, maturity and how to buy these bonds.
Gold rates today: Gold and silver prices took a noticeable dip on November 12, 2026, across key Indian markets. As per the India Bullion and Jewellers Association, the latest rates showed a reduction from the prior day, allowing buyers to explore and compare options amidst the noticeable decline.
Franklin Templeton launches Franklin US Equity IFSC Fund as its first outbound fund
Franklin Templeton India has launched its first outbound fund through GIFT City, offering Indian investors access to an actively managed US equity strategy. The feeder fund has a minimum investment of USD 5,000 and aims for long-term capital appreciation.
New SIP registrations fall 20%, stoppage ratio climbs to 116% in October after 5-month decline
October witnessed a significant drop in new Systematic Investment Plans (SIPs), plunging by 20% compared to the previous month. A marked rise in the number of SIPs being discontinued or completed pushed the stoppage ratio over 100%. However, the strength of mutual fund inflows revealed a robust participation of investors. The steady year-on-year growth in SIP assets further emphasizes the sustained allure of these plans among the investing community.
Looking to earn higher returns on fixed deposits? Small finance, private and public sector banks offer varying interest rates across tenures. Check the top five banks in each category offering the highest FD rates to regular depositors, with returns of up to 8.25% as of 11 November 2026.
Temasek to invest 2,5K cr in Godrej fin arm
India's Godrej Industries on Thursday said Temasek Holdings will invest 25 billion rupees ($266.98 million) through its affiliate, in Godrej Capital, valuing the financial services business at up to 280 billion rupees.The Singapore state-owned investment firm will retain about 80% ownership following the deal.
Zydus Lifesciences completes 50:50 JV transaction with Sunshine Healthcare Lanka
In a significant strategic move, Zydus Lifesciences Ltd has secured a 50 percent interest in Zydus Sunshine Lifesciences Pvt Ltd, forging a joint venture with Sunshine Healthcare Lanka Limited. This partnership was concluded on November 11, 2026, following a timeline extension that pushed the original closing date from June 26, 2026, to December 2026.
Bank earnings rise 20% in Q2 as lower provisions, healthy income growth support performance: Kotak
Indian banks are projected to benefit from a rising interest rate cycle and favorable loan mix in upcoming quarters. Earnings growth is anticipated to be supported by an increase in net interest income and lower provisions. Private banks are expected to lead in earnings increases compared to public sector banks, reflecting varied growth rates.
Bank of Baroda raises FD interest rates to up to 6.85%
Lupin partner Sandoz launches RanluspecTM across Europe for retinal disease treatment
Lupin Ltd has partnered with Sandoz to launch RanluspecTM, a biosimilar for Ranibizumab, across Europe. This launch will help to improve access to treatments for retinal and choroidal vascular diseases. The European Commission previously approved RanluspecTM in vial and syringe-filled presentations for medical use. The biosimilar targets conditions such as wet age-related macular degeneration and diabetic macular edema.
Can I withdraw my EPF to repay home loan principal; will I have to pay tax on it?
ET Wealth Reader's Query: Can I withdraw my Provident Fund to repay my home loan principal? Will I have to pay taxes on PF withdrawal? How long can I retain the money in my EPF account and continue earning interestup to three years from the date of my last contribution or until I turn 58?
Gold and silver ETFs declined as a stronger US dollar and rising expectations of a Federal Reserve rate hike weighed on precious metal prices. Financial experts advise investors to continue systematic investments in gold and silver in line with their long-term asset allocation.
Wing Commander Namrita Chandi, who retired from the IAF in 2011 after being denied Permanent Commission, has won a 15-year legal battle. The AFT has ruled that she be treated as having completed 20 years of pensionable service, making her eligible for pension and other retirement benefits.
Chief Minister Yogi Adityanath advocated for CNH Industrial to manufacture bulldozers in Uttar Pradesh alongside tractors. He emphasised the positive transformation of the state since 2017 under the Modi-led government. Adityanath attributed improvements in law and order to a strong government policy against crime and criminals. The state has become a favorable destination for business investments, attracting foreign companies. He acknowledged local contributions to the region's development, especially in Jewar.
EPS pension news: EPFO meeting on November 19; will minimum pension rise from 1,000 to 3,000?
Gold, silver prices today, 12 November: Check retail price of 18K, 22K and 24K gold and 999 Fine silver in your cities Ahmedabad, Bengaluru, Chennai, Coimbatore, Delhi, Hyderabad, Kolkata, and Mumbai.
