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30 lakh in SCSS: Quarterly interest and monthly income equivalent explained
A 30 lakh investment in the Senior Citizens Savings Scheme (SCSS) at 8.2% interest can generate 61,500 per quarter, equivalent to 20,500 per month. Check the October-December 2026 interest rate, eligibility criteria, investment limits, tax rules and withdrawal conditions.
Buying insurance is easy. Knowing what you bought is harder
Irdais proposed reforms aim to make insurance pricing, commissions and distribution more transparent. But policyholders must still understand their cover and stay prepared for claims and renewals.
Communications Minister Jyotiraditya Scindia responded to Elon Musk's allegations regarding Starlink's delayed launch in India. He emphasized that India does not permit monopolies in any sector and highlighted the government's clarity on satellite communication licenses. Scindia noted that all three licensed companies are at the same regulatory stage pending security clearances.
Many individuals overlook the accumulated cost of multiple small subscriptions on their finances. Tracking these recurring payments can help users make informed financial decisions. Reviewing subscription value regularly can lead to potential savings and budget adjustments. Additionally, setting balance alerts can assist users in managing their funds effectively.
Gold rates today: Gold rates increased today for 22k gold jewellery across major brands such as Tanishq and Malabar Gold.
Banking Recruitment Scam Busted: CBI Arrests Four In Pan-India Operation
The CBI Special Task Branch Mumbai executed coordinated, multi-state raids following an FIR registered on a complaint filed by the Institute of Banking Personnel Selection (IBPS).
Indian Railways cancels Delhi bound trains
The Railway Board has cancelled Mail and Express trains scheduled to arrive at New Delhi and Hazrat Nizamuddin stations between 4 am and 2 pm on October 10, citing intelligence inputs and anticipated road congestion due to opposition-called protests.
HDFC Bank, SBI, Federal, Canara Bank up 2%; what's driving banking stocks?
Analysts at Kotak Institutional Equities believe the rate hike cycle poses limited risk for banks, given healthy balance sheets, tighter underwriting standards and stronger borrower fundamentals.
The auditor is no longer alone. Theres another intelligence in the room
Auditors are increasingly adopting artificial intelligence to enhance the efficiency and accuracy of audits in India. These technological advancements allow auditors to analyze vast amounts of data and detect inconsistencies effectively. AI tools automate repetitive audit tasks, which helps auditors focus on more complex decision-making processes. The role of human judgment remains essential, as AI cannot replace professional expertise in audits.
Has govt changed GPF interest rate from 7.1%?
Delhi Metro stations closed: Delhi Police has asked the Delhi Metro Rail Corporation (DMRC) to consider reducing train frequency and closing entry and exit gates at 57 metro stations from 9 pm on October 9 and during October 10 amid proposed protests in the capital. The advisory cites concerns over possible crowd movement towards sensitive locations. The restrictions are proposed and will remain subject to the situation on the ground.
Losing money in strange ways: Dunning-Kruger effect
Delhi Police has directed DMRC to reduce train frequency and close gates at 57 metro stations from 9 pm on October 9 until the situation normalises on October 10, citing proposed protests and potential crowd movement near sensitive areas.
Credit utilisation measures how much of your total available credit you use. Using your credit card heavily can lead to lower credit. Here's why it happens and how to avoid it.
NRI investing in India? Wrong KYC documents can delay your investment; know what you need
Navigating the KYC process for NRIs investing in India can be complex, requiring specific documents and verification steps. From ensuring document accuracy to understanding attestation requirements, several factors can impact the smooth completion of KYC. Explore the essential documentation and common pitfalls faced by NRIs in their investment journey.
Govt withdraws key bank tax benefit on gold, silver and platinum imports
The Indian government did not extend a tax benefit for banks on imports of gold and other precious metals and they have been paying a 3% integrated goods and services tax
Pharmacies, drug distributors may need approval to advertise prescription medicines
The Union health ministry aims to restrict advertising of prescription drugs by retailers and distributors, requiring prior government approval. This measure is in response to concerns about unauthorized promotion and inappropriate self-medication. A new sub-rule is proposed to ensure compliance across the pharmaceutical supply chain. Stakeholders are invited to provide feedback on this draft notification within 30 days.
66 lakh tax penalty over sons 1.1 crore flat: How senior citizen won ITAT relief
A senior citizen in Navi Mumbai faced a 2.20 crore tax addition after the Income Tax Department treated two documents for the same flat as separate purchases. The ITAT granted relief, highlighting why joint ownership alone does not establish who funded a property and why payment records matter.
Crude oil, uneven monsoon pose risk to banks despite benign asset quality: Report
Higher crude oil prices and drought conditions in five states may impact Indian banks' asset quality outlook. This follows a stable credit cost scenario for private and public sector banks. The report suggests monitoring external factors affecting borrowers' repayment capacity. While deposit growth has improved, there are risks to profitability and net interest margins. Investors are advised to keep an eye on these developments in the coming quarters.
Indian Railways has cancelled Mail and Express trains scheduled to arrive at New Delhi and Hazrat Nizamuddin stations between 4 am and 2 pm on October 10, citing anticipated severe traffic congestion around the stations
Planning a 2 lakh foreign holiday? These hidden costs can push your trip budget up by 2540%
Karnataka food safety officials inspect 45 ice cream units, seize expired products
Karnataka's Food Safety and Drug Administration Department conducted inspections of ice cream manufacturing units across the state. A total of 45 units were inspected, and 70 food samples were collected for testing. The authorities seized expired products from various establishments, including Savara Ice Cream Cafe and M N Enterprises. Deficiencies in labeling and unhygienic conditions were also reported at several units.
A passenger travelling with his six-month-old baby praised Indian Railways after his request for diapers was reportedly addressed within 10 minutes through RailMadad. The incident, shared on X, sparked a debate online, with some users applauding the railway staff's quick response while others questioned whether arranging baby essentials was the railway's responsibility. Several users even compared the service to Blinkit.
Missed a life insurance premium payment? Here's when your policy can lapse and how to revive it
Missing a life insurance premium usually does not end cover immediately. A grace period is provided, post which the policy may lapse. Check revival process and other details.
Best large & mid cap funds to invest in October 2026
The 35% mandatory investments in mid cap stocks make them risky. However, they are less risky than pure mid cap schemes that invest around 65% in mid cap stocks. Also, the 35% investments in large cap investments offer them some stability. But they are riskier than pure large cap schemes. Then there is the question of the remaining 30% of the corpus.
Diamond Power Infrastructure among 3 stocks that closed above VWAP
Three Nifty 500 stocks, including Diamond Power Infrastructure, Sky Gold, and Anand Rathi Wealth, closed above their volume weighted average prices (VWAP) on October 8, according to StockEdge technical data. Closing above VWAP signals strong intraday buying interest as final traded prices exceeded the weighted average execution levels.
Bank profits may rise 25% in Q2FY27, margins to recover gradually in second half: Report
According to a report by Emkay Research, Indian banks might report a 25.4 percent year-on-year increase in net profit. Higher foreign currency deposits could exert pressure on lending margins, impacting profitability. Loan growth remains healthy, contributing to income increases and reduced provisions for loan losses. Overall banking system growth is anticipated to moderate as FCNR-B funding normalizes.
The Indian stock market showed positive movement after oil prices cooled down significantly. Sensex climbed over 400 points reaching 72,000, while Nifty 50 surged above the 22,350 mark. This recovery followed a previous sharp decline that erased over Rs 10 lakh crore from Dalal Street. Broader markets exhibited mixed results with Nifty Midcap 100 gaining and Nifty Smallcap 100 showing losses.
PFRDA chief on the next phase of NPS: more competition, assured income and wider access
PFRDA chief S. Ramann discusses the future of NPS, a proposed retirement income scheme, greater competition in annuities, NPS Swasthya, gig workers and grievance redressal.
Nestle India Share Price Live Updates: Nestle India experiences a minor uptick in price
NTPC Share Price Live Updates: NTPC Reaches New 52-Week Low
SBI Life Share Price Live Updates: SBI Life Sees Slight Uptick Today
Power Grid Share Price Live Updates: Power Grid Experiences High Trading Volume
Why Airfares Are Rising: The War, Costlier Fuel and Fewer Flights | The Morning Brief Decode
Why Airfares Are Rising: The War, Costlier Fuel and Fewer Flights | The Morning Brief Decode
Bharti Airtel Share Price Live Updates: Bharti Airtel's Technical Breakout
BPCL Share Price Live Updates: BPCL's Price Movement Today
Britannia Share Price Live Updates: Today's Performance of Britannia
IndusInd Bank Share Price Live Updates: IndusInd Bank News
8th Pay Commission salary: How 3.833x vs 4x fitment factors could mean 3,006 monthly basic-pay gap
8th Pay Commission has yet to finalize fitment factor. Unions have sought 3.833x and 4x. For Level 1 employees with 18,000 basic pay, these imply revised basic salaries of 68,994 and 72,000, increases of 50,994 and 54,000, respectively, with a difference of 3,006 between the two estimates.
Tata Motors PV Share Price Live Updates: Tata Motors PV Shows Strong Performance
Paying rent for yourself and parents? Know if you can claim HRA for more than one property
HRA tax exemption is available only under the old tax regime and applies to rent paid for the residential home an employee actually occupies. Here's whether you can claim HRA for two properties.
HDFC Life Share Price Live Updates: HDFC Life Trading Metrics
IRDAI may roll out insurance commission caps from January, overhaul distribution rules
India's insurance regulator intends to implement reforms for insurance distribution starting in January 2024. The proposed changes include capping commissions paid by insurers to brokers, aiming to lower consumer fees. Insurers have until October 25 to provide feedback on the proposals before regulations are finalized. These reforms seek to widen insurance penetration especially in rural areas and new markets.
Food firms scramble for experienced safety professionals as demand soars
India's food industry is currently experiencing a significant shortage of experienced food-safety professionals. Employers have reported a 94.4% increase in job postings for these roles this quarter. Many applicants lack the required operational experience, which has created a major gap in the market. The demand for food-safety professionals is expected to rise further during the festive season. This situation is causing longer hiring timelines and higher salaries in the industry.
CBI arrests four in pan-India banking recruitment impersonation racket
The News Mill
JM Financial tops investment banking league table in H1 FY27 with Rs 75,775 crore
Domestic investment banks experienced significant success in achieving equity fundraising in HY27. JM Financial, ICICI Securities, and SBI Capital Markets led the transactions during this period. A total of 116 IPOs and QIPs were conducted, a notable increase from the prior year. The equity amount raised rose by 40%, reaching nearly Rs 1.7 lakh crore. This surge in activity reflects a healthy trend in the domestic investment banking sector.
GQG Partners trims stake in ITC to Rs 9,395 crore amidst broader market sell-off in 2026
GQG Partners has recently executed a block deal, offloading ITC shares worth approximately 9,395 crore. The firm has also downplayed its presence in several Adani Group enterprises this year, while simultaneously ramping up investments in JSW Energy and JSW Steel during the June quarter. In total, GQG has scaled back investments worth around 24,400 crore across various Indian firms since early 2026, continuing to oversee assets exceeding $156 billion.
CBI busts banking recruitment racket, arrests four accused
The agency registered the case based on a complaint filed by the Institute of Banking Personnel Selection (IBPS), following which searches were carried out and the accused persons were arrested
SEBI has introduced a new mutual fund-like Credit Risk-o-Meter to help investors understand the credit risk of corporate bonds and other debt instruments. The meter classifies them into six credit-risk levels, ranging from the lowest to very high risk of default. Heres what investors should know.
Thermax scouts for a partner to charge up its green energy unit
Thermax has set its sights on attracting external investors to its renewable energy subsidiary, First Energy. By contemplating a major stake sale, the company aims to overcome operational challenges and elevate its performance levels. First Energy, with its 800 MW capacity, is looking to enhance service delivery, reflecting a growing inclination in the renewable energy domain for partnerships that facilitate expansion and development.
FSSAI pulls up Dr Reddy's, Nestle Health Science over Celevida claims
The Food Safety and Standards Authority of India (FSSAI) said the product was advertised as providing high-protein support for preserving lean muscle during GLP-1/GIP therapies, commonly used in weight-loss treatment.
Surging bond yields likely to slash banks' treasury income
Banks are expected to report a nearly 60% decline in treasury income for the July-September quarter. Analysts predict treasury gains to decrease from 13,100 crore last year to 5,500 crore this year. Rising government bond yields have negatively impacted investment portfolios, leading to lower gains. Public sector banks will feel a more pronounced effect due to their larger government securities portfolios.
Google, Amazon, Meta, Apple fuel India's renewable energy boom as data centre demand surges
Major technology companies like Google, Amazon, Meta, and Apple are increasingly purchasing renewable energy in India. Their expanding data centers are significantly driving the demand for clean electricity. Research predicts that renewable capacity for data centers could grow to 32.4 GW by 2030. These companies are pursuing long-term power purchase agreements to secure renewable energy directly from developers.
I-T dept moves appellate tribunal against Rs 32.66-cr tax relief to Dr Lal PathLabs
Dr Lal PathLabs, in a regulatory filing, said that it received an intimation on Wednesday regarding an appeal filed by the I-T Department before the Income Tax Appellate Tribunal (ITAT), New Delhi.
SC backs disposal of Goa iron ore dumps without fresh auction
The Supreme Court has made a significant ruling in favor of the Goa government's approach to managing iron ore dumps. This decision allows former mining leaseholders to clear their inventory mine dumps without conducting a public auction. The court stressed the critical need for environmental protection in this context, cautioning against dire outcomes.
Dr Reddys Laboratories receives two observations for Andhra Pradesh facility
The US health regulator completed a Pre-Approval Inspection (PAI) at the company's FTO-11 manufacturing unit from October 5-7, Dr Reddy's Laboratories said in a regulatory filing on Thursday.
Festive rush: Airlines hike fuel surcharge as ATF prices soar
Airlines like Air India and Akasa Air have announced increased fuel surcharges for both domestic and international flights. The rise in aviation turbine fuel prices has significantly impacted operational costs for carriers. Domestic surcharges will be effective on new bookings from October 9, as the festive season approaches. International surcharges vary depending on destination, reflecting additional costs incurred by airlines.
Airlines suspend, cut Riyadh flights amid security concerns
Airlines such as Air India Express and IndiGo are cancelling flights to and from Riyadh due to security issues. Several airlines have cited evolving conditions affecting civilian air travel in the region. Passengers affected by these cancellations are being offered options for refunds or rescheduling. India's Ministry of External Affairs condemned attacks on airports, affirming the unacceptable targeting of civilian infrastructure.
Form panel to curb pharma freebies: SC
Experiments on animals set to become easier
The Centre plans to significantly change the regulations governing animal experimentation. The proposed rules aim to allow institutional ethics panels to approve most experiments. Currently, only small animal experiments can be approved at the institutional level while larger ones require central oversight.
India, Singapore eye 2,000 MW power corridor
India and Singapore are considering plans for a 2,000 MW cross-border power interconnection that could enhance energy security. The proposed land-based transmission corridor would connect Imphal in India to Singapore via Myanmar, Thailand, and Malaysia.
RBI rules may entitle customers to compensation when banks miss deadlines for services such as resolving failed digital transactions, closing credit cards, returning property documents or correcting credit reports. Compensation varies by case, from 100 per day to 5,000 per day.
Sugar stock checks to intensify after GST discrepancies
Beginning October 9, the government will implement a rigorous verification process of sugar stocks due to discrepancies discovered in both sales and GST data from sugar mills. With festival season approaching, the demand for sugar is increasing, putting pressure on mills to meet their sales quotas. Any mills failing to comply with these requirements may face legal actions for record discrepancies.
The complainant bought a Kia Sonet HTX Diesel in March 2022 for around 13.69 lakh, including on-road costs. He later purchased an extended warranty that remained valid until March 2027.
Personal loans are growing much faster than home loans, but home finance remains the much larger credit category. Consumer durable and two-wheeler loans are also expanding. Heres what the latest credit trends reveal about how Indians are borrowing and what consumers should watch.
Prime Minister Narendra Modis call for a global framework to tackle cyber fraud and deepfakes, alongside his push for India-made products and innovation, has drawn support from telecom industry leaders. At India Mobile Congress 2026, executives said the sectors next phase must focus on secure connectivity, AI, trust and global technology leadership.
CBI Arrests 4 In Banking Exam Impersonation Scam
The Central Bureau of Investigation (CBI) has dismantled a multi-state impersonation and cheating network involved in banking recruitment. Four individuals, including a CGST inspector, were arrested for allegedly infiltrating banking exams and interviews by posing as candidates, thereby compromising the integrity of public examinations.
TDS and TCS compliance has moved to an online filing setup from Tax Year 2026-27 onwards, changing how deductors submit quarterly statements. The process brings fresh forms, a separate compliance environment, and updated filing steps. Heres what deductors need to know.
The RBIs 25-bps repo rate hike has reshaped the outlook for debt-fund investors as bond yields rise and markets assess further rate moves. Heres what investors should consider based on their 3-month, 12-month and 18-month investment horizons.
Govt prepares to cap anti-cancer drugs' trade margins at 30% of MRP
The government is aiming to cap trade margins on anti-cancer medications at 30%. An expert committee has been tasked with compiling a report by October 14 on eligible drugs. The move targets the excessive mark-ups currently averaging 170% for various non-scheduled anti-cancer medicines, potentially saving around Rs 2,500 crore and enhancing affordability for patients.
The Food Safety and Standards Authority of India has sent notices to multiple firms, such as Dr Reddy's and Nestle Health Science, regarding dubious product claims. The FSSAI pointed out potentially misleading information related to muscle strength, immunity boosting, and energy metabolism. This can mislead consumers about true health benefits. The implicated companies are mandated to justify their claims and may encounter future sanctions.
Jio to always stand for affordability: Akash Ambani on tariff hike by competitors
Jio Platforms MD Akash Ambani said the company will continue to focus on affordability while delivering quality services, even as rivals raise tariffs. His comments came after Bharti Airtel increased postpaid prices by Rs 50. Ambani also outlined Jios technology ambitions, including its satellite stack and planned low-Earth orbit constellation.
Manipur CM seeks highway, elevated road projects in meeting with Nitin Gadkari
Manipur Chief Minister Yumnam Khemchand Singh urged Union minister Nitin Gadkari to expedite key road projects, including construction of the Shangshak-Tengnoupal Highway and sanction of an elevated highway in Imphal. He also sought completion of ongoing works on National Highways 37 and 2 this working season to improve connectivity.
Jaypee homebuyers complaints genuine, Suraksha Group breached resolution plan: Panel
An independent committee examining Jaypee Infratech homebuyers grievances has found most allegations of construction delays, poor quality, labour shortages and fund diversion to be genuine. The committee said Suraksha Group had failed to meet key resolution-plan obligations, including arranging Rs 3,000 crore in working capital, and urged urgent tribunal intervention.
Saudi Arabia expresses interest to invest in Indias port projects: Sonowal
In a recent dialogue, the Saudi Ports Authority expressed a strong desire to invest in India's maritime sector. Key discussions revolved around the Vadhavan and Galathea Bay port projects, underscoring potential financial support. Their cooperation would also encompass shipbuilding, seafarer training, and sustainable supply chain development. Additionally, India is partnering with Belgium on a green shipping initiative and improving connectivity through the Brahmaputra River with Bhutan.
AI-native networks, 6G to shape next phase of telecom, global leaders say at IMC 2026
India
India is considering delaying a 0.4% merchant discount rate on UPI transactions above 2,000 until January 2027. The postponement would give payment companies time to update systems and merchants time to prepare. Person-to-person payments and smaller merchant transactions would remain free.
Opened a demat account for your minor child? Know how investment income is taxed and reported in ITR
Opening a demat account for your minor child can raise questions about who pays tax on the income and where it should be reported. From clubbing rules and capital gains to ITR schedules and exemptions, heres what parents need to know before filing.
Elon Musk asks why Starlink still lacks India licence after five years of compliance
Elon Musk has questioned why Starlink is yet to receive an Indian licence, saying the satellite internet company operates in more than 165 countries and has spent five years complying with Indias laws and requirements. His remarks come a day after he alleged that oligarchs were blocking Starlinks entry.
Cochin Shipyard gets 40-ship order from US, Europe
Musk pitches Starlink for India's no-internet, no-network areas a day after 'oligarchs' charge
Elon Musk has advocated for Starlink's potential to enhance internet accessibility in underserved areas of India. He claims that certain oligarchs are obstructing its entry to maintain monopolistic control over the market. The Indian government has rejected these allegations, emphasizing a fair regulatory framework is in place. Starlink representatives have stated their readiness to launch services, awaiting necessary security clearances.
Quant Mutual Funds Sandeep Tandon says the next investment edge will come from combining human judgment with AI, machine learning and alternative data. As markets become more dynamic, investors must move beyond static strategies and focus on speed, inference and decision-making.
IBL Finance proposes public issue of NCDs worth up to Rs 50 crore
IBL Finance Ltd is gearing up for a public issuance of secured non-convertible debentures amounting to Rs 50 crore. This issuance includes a base of Rs 25 crore, with the chance for oversubscription. Set to commence on October 12, 2026, and conclude on October 26, 2026, investors can purchase a minimum of 10 debentures priced at Rs 10,000 each.
Parag Parikh Flexi Cap Funds September portfolio shows a clear shift in select existing holdings, even as the fund exited only one stock. DLF saw the biggest increase, while major names continued to dominate the portfolio. What changed in the mutual funds latest portfolio?
In a bid to manage escalating operating expenses amidst unpredictable global fuel costs, Air India and Air India Express will update their fuel surcharges for new bookings starting October 9, 2026. For domestic flights, the surcharges will vary from Rs 400 to Rs 1,200, while international routes to North America will see a charge of $215.
Air India flight AI2243 took off from Delhi towards Riyadh but turned around during its journey due to safety concerns. This decision came after Houthi attacks on airports in Saudi Arabia intensified. As a precaution, Air India and Air India Express announced the suspension of all operations to and from Riyadh. The suspension will remain in effect until October 10, 2026, affecting numerous travelers.
Hair fall decoded: Causes, triggers, and warning signs
For many, hair shedding can raise concerns, with various elements at play like stress, hormonal imbalances, and nutrition. Recognizing the difference between shedding and breakage is essential, as each has distinct roots and remedies. Noting specific loss patterns can guide you towards effective treatments. Additionally, seeking expert guidance can shed light on potential health issues impacting your hair's condition.
From a Jaipur original to a multi-city brand: Zolocrusts measured expansion
As Zolocrust, a renowned vegetarian caf chain, marks its 11th year, it is excitedly planning expansions into vibrant cities like Delhi and Lucknow. Founder Arjun Kumar emphasizes a deliberate strategy: prioritizing quality over swift expansion. Each new location will reflect valuable lessons learned, ensuring Zolocrust remains true to its core principles while establishing a notable presence in larger urban landscapes.
