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Saturday bank holiday: Are banks open or closed today on October 31, 2026?
Indian banks observe closures on the second and fourth Saturdays of every month. Despite holidays, digital banking remains available for customers. October and November bring a series of holidays that may impact banking hours in certain locations, prompting patrons to take advantage of online banking services during these breaks.
Bank branches across India will remain open on Saturday, 31 October 2026, as it is the fifth Saturday of the month. However, a state-specific holiday will affect banking operations in certain regions. Check city-wise closures for SBI, HDFC Bank, ICICI Bank, and others.
New-age beauty brands enjoy revenue glow-up
New-age beauty and personal care brands in India demonstrated impressive revenue growth in fiscal year 2026. Companies like Foxtale and Innovist achieved significant increases, doubling and tripling their sales figures. In contrast, older brands such as Sugar Cosmetics experienced revenue declines due to intensified competition and a lack of product innovation. Many newer brands focus on niche market segments and specific consumer problems to attract customers.
Reliance Industries Ltd has set a new benchmark with a record net profit of 29,550 crore for the September quarter, fueled by significant advancements in the oil-to-chemicals and digital segments. With a yearly revenue surge of 28.5% to 3.38 lakh crore, the O2C division's Ebitda skyrocketed 68%, reflecting the advantages of elevated energy prices and the firms adaptability in challenging market scenarios.
Govt sets up committee to reform banking sector
Empty Accounts, New Money: Is the AI Banking Panic a Setup?
Few things scare Americans more than waking up to find their bank accounts emptied. Last week, Axios published a report with these frightening sentences: AI agents are becoming a nightmare for Americas banks, making their way into banking systems faster than financial institutions can respond. The rapid pace of AI advancement is becoming a security ... The post Empty Accounts, New Money: Is the AI Banking Panic a Setup? appeared first on The New American .
AU Small Finance Bank hit by a likely breach of 'limited' data
The lender is investigating a potential breach of limited data pertaining to its vehicle-loan customers. The data was hosted on a third-party software platform operated by Salesforce.
United Spirits is facing subdued demand in its mass-market liquor portfolio as inflation squeezes lower-income consumers, while regulatory changes in Maharashtra and Karnataka further weigh on sales. The Diageo-controlled company is relying on premium brands for growth, even as higher input costs linked to the West Asia conflict and weaker monsoons add pressure.
FCNR bounty in Q2 masks bank issues in growing deposits
An analysis of 10 banks shows that reported deposit growth averaged 21.1% year-on-year during July-September. However, excluding the special foreign currency inflows, domestic deposit growth was estimated at just 12.2%-a massive gap of nearly nine percentage points.
Suzlon Energy cuts operating margin guidance to 15%
Suzlon Energy reported a 1.3% year-on-year increase in consolidated net profit to Rs 394 crore for the September quarter of FY27. Net profit in the year-ago quarter stood at Rs 389 crore, excluding a deferred tax benefit of Rs 891 crore that had taken reported profit to Rs 1,279 crore.
Mondelez International upbeat on India despite cost pressures
The maker of Cadbury chocolates and Oreo biscuits added about 130,000 outlets in India during the third quarter ended September, as it pushes deeper into the country's fragmented retail market. It sees considerable headroom for further distribution expansion, alongside opportunities to increase the number of products stocked by existing retailers.
Amazon steps up creator investments as it looks to convert social media influence into sales
Between January and September, creator content influenced 42 million customers on Amazon, of whom 28 million made a purchase. A total of 133 million products were purchased through creators during the period, said Nidhi Thakkar, head of social commerce for emerging marketplaces at Amazon. Influenced customers grew 50% year-on-year, while purchasing customers increased 92%. The figures were recorded before the Diwali shopping season.
Sitharaman says NDA revived IDBI Bank after UPA-era bad loan crisis
In response to Rahul Gandhi's opposition to IDBI Bank's privatisation, Nirmala Sitharaman stressed the successful recovery of the bank thanks to the NDA government's strategies. She pointed to the previous UPA government's fiscal mismanagement, which caused notable losses. Sitharaman also discussed the reviewed valuation process for the stake sale, criticising Gandhi for his attempts to politicize banking matters and the undue stress placed on bank staff during earlier administrations.
Diwali celebrations can increase the risk of fires from diyas, candles, firecrackers and electrical faults. Here's how to financially protect yourself from such incidents.
TRAI has proposed draft guidelines requiring telecom operators using AI to adopt board-approved policies, classify AI systems by risk and report critical incidents to the regulator. The framework also mandates AI governance committees, human oversight, impact assessments and inventories of AI systems, making telecom entities accountable for their AI-driven operations.
India extends cotton import duty exemption
The Centre has extended the customs duty exemption on cotton imports until December 31, 2026, from the earlier deadline of October 31, 2026, to augment cotton availability for India's textile sector.The extension is expected to help reduce input costs across the textile and apparel industry, providing relief to manufacturers and consumers while taking into account the interests of domestic farmers, the government said.The measure is also expected to have a positive impact on the domestic textile industry, particularly small and medium enterprises, by improving the availability of cotton in the market.The Finance Ministry amended its May 30, 2026, customs notification to extend the exemption by two months. The amendment replaces the October 31, 2026, deadline specified in the earlier notification with December 31, 2026.The amendment was issued under Section 25(1) of the Customs Act, 1962, read with Section 124 of the Finance Act, 2021.
Government Forms High-Level Committee to Review Banking Sector for Developed India
The Indian government has established a committee to enhance the banking sectors competitiveness and inclusivity by 2047. Government Forms High-Level Committee to Review Banking Sector for Developed India
Hyderabad, Bengaluru office space supply doubled in Jan-Sept: JLL
New Delhi: Fresh office space supply in Bengaluru and Hyderabad doubled to 30.45 million sq ft in January-September, due to strong demand for prime workspace from global and domestic companies, according to JLL. Real estate consultant JLL Indias latest data shows that new office space supply rose to 43.66 million sq ft in January-September across 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 .
IBBI tightens real estate insolvency rules to prioritise home delivery
India's insolvency regulator has implemented new rules to prioritize project completion and better homebuyer oversight. Independent assessments of construction progress and funding needs are now mandatory for real estate projects. Creditors with at least 66% voting share can recommend excluding projects from insolvency proceedings. Homebuyers will now have representation on monitoring committees to oversee implementation. These measures aim to improve transparency and protect the interests of homebuyers during insolvency.
French billionaire Xavier Niel gets CCI approval to acquire 16.2% stake in Vodafone
Xavier Niel's investment vehicle, Vega SAS, has obtained approval from the Competition Commission of India to purchase a 16.2 percent stake in Vodafone Group for approximately 4.4 billion pounds. Post-acquisition, Vega SAS will become Vodafone's primary shareholder, a pivotal step as Vodafone continues to concentrate on its core markets following earlier restructuring efforts. This decision also complies with India's fair competition regulations, promoting healthy market dynamics.
Tata Motors takes 89.42% stake in Iveco, gains control of Italian CV maker
Tata Motors has completed the acquisition of a controlling stake in Iveco Group, which now becomes an indirect subsidiary. The transaction involved purchasing shares for 14.4 each, resulting in a total of 238 million shares. This acquisition is expected to enhance Tata Motors' global presence and create a more diversified entity. Tata Sons chairman N. Chandrasekaran has been appointed as the chairperson of the Iveco board.
India's domestic air traffic fell 8.3% in September as demand remained under pressure: IATA
In September, India's domestic air traffic declined by 8.3% year-on-year, marking a significant drop. This decrease was the steepest observed in 2026 so far, according to IATA. The demand for air travel faced pressure due to rising fuel prices and weaker economic conditions. Capacity contracted by 7.9% during the same period, leading to a slight dip in Passenger Load Factor. Overall, domestic traffic fell by 2.
FinMin sets up high-level panel to review banking sector, suggest reforms
The six-member committee will review banking regulations, capital requirements, priority sector lending and digital innovation, and recommend reforms to boost global competitiveness.
Diageo's India unit searched as state tax officials review Scotch imports
United Spirits, the Indian subsidiary of Diageo, was searched by Maharashtra tax authorities due to an investigation. The authorities are probing the misclassification of Scotch imports to determine if companies paid lower tariffs. United Spirits previously faced scrutiny from the Directorate of Revenue Intelligence in an industry-wide inquiry. Despite the searches, the company stated there was no impact on its financial and operational activities.
The 8th Pay Commission has completed its scheduled Mumbai meetings. Several organisations have proposed annual increments above the current 3%. Here's what a 7% annual increment means for level 9, 10 and 11 employees?
Centre sets up high-level committee on 'Banking for Viksit Bharat'
Digital Desk | New Delhi, Oct 30 (IANS) The Centre has constituted a high-level committee on Banking for Viksit Bharat to undertake a review of Indias banking sector and recommend structural, institutional, regulatory and legislative reforms necessary to make it globally competitive, financially inclusive, and resilient for Viksit Bharat, 2047, according to a Finance Ministry statement issued on Friday. The committee will be chaired by former Central Vigilance Commissioner Suresh N. Patel and will include RBI Deputy Governor Shirish Chandra Murmu, former Indian Bank MD and CEO Padmaja Chunduru, and former RBI Deputy Governor N S Vishwanathan as members. The Joint Secretary, Banking, in the Department of Financial Services will serve as its Member Secretary, the statement said. Finance Minister Nirmala Sitharaman had announced the governments plan to set up a high-level committee for Viksit Bharat while presenting the Union Budget for 2026-27. According to the terms of reference, the committee will assess the present banking practices and prudential norms, identify global best practices, and adapt them suitably for the Indian banking system, while also providing a roadmap for creating globally competitive banks. It will review the existing regulatory and legal frameworks for banks, including Regional Rural Banks and Cooperative Banks, and suggest reforms to bring in efficiency and enable ease of doing banking for Viksit Bharat. The committee will undertake an assessment of the long-term capital requirements for banks, including Development Financial Institutions and Non-Banking Financial Companies, with recommendations on funding sources and enabling mechanisms to support credit growth. It will examine differences in the cost of capital for businesses and suggest policy options to boost private investment for sustainable growth. The committee will also prepare a roadmap for AI and digital innovation in banking institutions, while providing for safeguards against cyber risks. Further, to suggest a strategy for talent acquisition and capacity building to ensure a future-ready workforce for the banking sector. Besides, it will review the priority sector lending framework and Lead Bank Scheme to assess their relevance, effectiveness, and coordination in promoting inclusive, balanced, and data-driven credit delivery aligned with evolving economic priorities and financial inclusion goals. The committee will also make recommendations on any other matter referred to it by the government.
Karnataka govt pauses circular on medicine price disclosure by hospitals
In a significant move, the Karnataka government declared it would not proceed with a disputed circular aimed at mandating hospitals to disclose medicine pricing information. This decision emerged during a High Court review related to the circular's compliance and repercussions. The proposal required hospitals to clearly present procurement costs, MRP, and patient billing in their invoices.
Middle East war helps lift Reliances oil-to-chemicals earnings to an all-time high
Reliance Industries' oil-to-chemicals sector reported record earnings due to soaring global fuel prices. The firm credited this success to the rise in energy costs and improved refining margins for the second quarter. While rising crude oil and transport fuel prices bolstered revenue, increased procurement and transportation expenses served as a constraint on overall earnings.
JioStar Q2 profit drops 13.2% to Rs 1,147 crore as margins contract
JioStar's net profit declined 13.2% year-on-year to Rs 1,147 crore in Q2 FY27, despite a 10.1% rise in operating revenue to Rs 6,806 crore. Operating EBITDA fell 10.5%, with margins contracting 600 basis points. JioHotstar averaged 440 million monthly active users, supported by growth in viewership and subscriptions.
A passenger booked a train ticket for a journey on August 20. He cancelled the ticket more than 48 hours before the journey. Here's what happened next.
Railway worker body seeks Rs 69,000 minimum wage from 8th pay commission
The National Federation of Indian Railwaymen has presented demands to the 8th Central Pay Commission. They have requested a minimum salary of Rs 69,000 for employees, along with a fitment factor of 3.833. Additionally, they seek an increase in annual increments from 3% to 6% and at least five promotions during service. The federation also wants the merger of dearness allowance with basic pay when it reaches 25%.
Record earnings! 5 big takeaways from RIL Q2 results investors should watch for Monday trading
Reliance Industries reported record Q2FY27 profit of Rs 29,550 crore and revenue of Rs 3.62 lakh crore, driven by strong refining margins and Jio growth. Retail profitability weakened, while declining debt improved the conglomerate's financial position.
Adani Energy Solutions gets CCI approval for Rs 3,050-crore IntelliSmart acquisition
The Competition Commission of India (CCI) has approved Adani Energy Solutions' Rs 3,050-crore acquisition of IntelliSmart Infrastructure. The transaction involves acquiring 100% of IntelliSmart's equity from NIIF and EESL, along with the redemption of optionally convertible debentures held by NIIF, expanding AESL's presence in the smart metering business.
Bank loans against fixed deposits surge 53% to Rs 2.17 lakh crore on FCNR-B leverage play
By the close of September, loans against fixed deposits experienced a striking 53% year-on-year spike, reaching Rs 2.17 lakh crore. The demand for gold loans soared to an astonishing 82.6% increase, showcasing robust customer interest throughout India. Personal loans appreciated by 17.3%, hitting Rs 74.3 lakh crore, complemented by growth in agricultural and industrial credits. Overall, the banking sector reported a 19.4% expansion in total credit, amounting to Rs 229.
Ayana Woods is set to debut as Bengaluru's pioneering community focused on longevity and wellness. Nestled in Sarjapura over 75 acres, it boasts modern villas inspired by Bali. The centerpiece is an expansive 8-acre resort-style clubhouse featuring more than 100 amenities dedicated to recreation and wellness. Crafted by Maa Acorn, the design promotes a lifestyle filled with movement, relaxation, and social connectivity, ultimately improving residents' quality of life.
RBI Deputy Governor Shirish Chandra Murmu, former Indian Bank MD Padmaja Chunduru & former RBI Deputy Governor N.S. Vishwanathan among members
The government transferred 18,690 crore to more than 9.34 crore farmers in PM-KISANs 24th instalment. Payments are made directly to bank accounts after state verification, Aadhaar and bank validation, PFMS checks and approval, as per the central govt.
In response to global energy market turmoil, Reliance Industries revamped its crude oil sourcing strategy for the July-September quarter. The company pivoted its petroleum exports to international markets, optimizing profitability. With the Strait of Hormuz and Saudi Arabia's pipeline creating hurdles, Reliance sought crude oil from Latin America and North America.
Jios connectivity push gathers pace, 5G base hits 300 million and broadband homes 30 million
Jio Platforms reported a 28% increase in its 5G subscriber base and a 32% rise in home broadband connections. By the end of the September quarter, Jio had added 66 million 5G customers, reaching a total of 300 million subscribers. The company acquired 15 million new 5G users sequentially during the third quarter. Jio is now the world's largest 5G operator outside China.
Banks in Ahmedabad will remain closed on October 31 for Sardar Vallabhbhai Patels birth anniversary, though banks elsewhere in India will remain open. Details here.
PB Fintech's UAE insurance business grows 19-fold as it looks beyond motor cover
PB Fintech has achieved impressive growth within the UAE insurance landscape, notably boosting its premium volumes since FY22. With a strategic plan in place, the company intends to diversify its offerings by introducing health and life insurance solutions geared towards NRIs. Key features will include cross-border protection and simplified claims processing.
From Trader to Investor: Dheeraj Gaur on Protecting Your Wealth
How Investor Biases Can Turn Winning Stocks Into Bad Bets
Dixon has 1,110-crore PLI incentive pending; chairmans son named executive director
In an announcement, Dixon Technologies disclosed a notable receivable of 1,110.06 crore tied to the government's PLI scheme, which is still pending. The company has appointed Prithvi Vachani as its executive director, awaiting shareholder consent. This financial quarter saw consolidated operational revenue jump to 21,863 crore, although net profit markedly decreased. Furthermore, a liability totaling 576.
Abundantia Entertainment and invideo announce first film of their co-production slate Beta Builder
Abundantia Entertainment and invideo have announced the commencement of production for the film Beta Builder. Directed by Hridaye A Nagpal, this innovative film blends live-action with AI-driven technology. The story follows Jai, a self-taught architect from Dharavi, as he navigates the virtual reality landscape. The film explores themes of ambition and community, highlighting the importance of belonging. With a talented cast, this production marks a significant step into AI-assisted filmmaking.
PSU banks cut fresh deposit rates more sharply than private lenders in September: RBI data
In September, public sector banks cut their interest rates on fresh term deposits by 10 basis points. Private sector banks only reduced their rates by six basis points during the same period. Fresh rupee loan rates declined by six basis points at public sector banks while private banks maintained their rates. The weighted average lending rate for fresh loans fell to 8.51% from 8.61% in August.
Value of audit lies in its contribution to improved governance: CAG Sanjay Murthy
CAG K Sanjay Murthy highlighted the value of audit in governance and public financial management during a conference in Viet Nam. He discussed the role of Supreme Audit Institutions in adapting to changing governance environments, which included modernising audit methodologies. Murthy presented on digital transformation in public audit, sharing India's experience with technology in enhancing audit practices.
Bank of Barodas FCNR(B) deposits surge nearly sixfold to Rs 1.03 lakh crore
Bank of Baroda's FCNR-B deposits rose to 1.03 lakh crore as of September 2026, reflecting substantial growth. The overall global deposits of the bank increased 16.4% year-on-year to reach 17.45 lakh crore. Domestic deposits also saw a marked increase of 16.6%, driven by term deposits growing 20.5%. Additionally, the bank reported a 35.8% rise in standalone net profit for the second quarter of FY27.
TRAI releases guidelines for responsible AI in telecom
The National Social Security Board will design, monitor, and recommend targeted welfare schemes for the informal workforce in India. It is for unorganised, gig and platform workers.
Bank credit growth outpaces deposits at 17.94%
Bank credit expanded 17.94 per cent year-on-year to reach Rs 232.54 lakh crore for the period ending October 15, exceeding the 16.6 per cent deposit growth rate, according to Reserve Bank of India (RBI) figures released Friday.Data reveals bank deposits rose to Rs 284.37 lakh crore by October 15, 2026, up from Rs 243.88 lakh crore on October 17, 2025marking a 16.60 per cent annual increase.Reserve Bank of India (RBI) records indicate bank credit climbed to Rs 232.54 lakh crore as of October 15, 2026, compared to 197.17 lakh crore on October 17, 2025, recording a 17.94 per cent rise.Also read: Banks must go beyond lending to unlock Bengal's industrial potential: NITI Aayog's Ashok LahiriThis accelerated credit growth was driven by buoyant banking system liquidity during early October alongside India's festive season demand. The sector experienced strong liquidity inflows following substantial deposits collected through banks under the RBI's concessional FCNR (B) scheme.RBI data shows banking system liquidity surplus hovered between Rs 2 lakh crore and Rs 4.5 lakh crore throughout the October 115 period.During August and September, system liquidity expanded noticeably following initiatives aimed at encouraging foreign capital inflows. Based on net positions under the LAF, daily liquidity surplus averaged Rs 5.9 lakh crore after the August 2026 MPC session.Average daily net absorption under the LAF surged from Rs 1.2 lakh crore in July 2026 to Rs 5.8 lakh crore in August, climbing further to Rs 7.8 lakh crore in September.Additionally, commercial bank holdings in central and state government securities expanded 9.64 per cent year-on-year to Rs 77.32 lakh crore as of October 15, 2026, compared to Rs 70.53 lakh crore on October 17, 2025.Central government securities comprised the dominant share of these holdings, rising to Rs 77.12 lakh crore by October 15, 2026, up from Rs 70.42 lakh crore in the prior year, RBI data confirmed.
DA now at 63%: Will the latest hike increase your HRA too, or only your monthly salary?
A DA and DR hike from 60% to 63% will benefit central government employees and pensioners, with the revised rates effective July 1, 2026. Monthly DA gains vary by basic pay, while HRA remains unchanged because the latest increase does not cross a threshold for revising HRA rates.
First Global's Devina Mehra urges Indian investors to diversify across countries, sectors, currencies and asset classes. She highlights global opportunities, changing market leadership and the risks of chasing popular investments, advocating broader international exposure for long-term portfolio resilience.
A class upgrade for railway pass holders
Bengaluru blue line news: Tamil Nadu's ongoing ban on the transport of construction materials has significantly impacted the Namma Metro Blue Line project. Contractors have reported severe difficulties in sourcing essential materials, leading to delayed construction timelines. The current situation has caused prices for aggregates to rise dramatically, creating financial strain on executing projects. Approximately 600 to 700 truck owners face economic challenges due to these restrictions.
$1.5 trillion will change hands as India's 50-plus pass on wealth: Bajaj AMC's Ganesh Mohan
$1.5 trillion will change hands as India's 50-plus pass on wealth: Bajaj AMC's Ganesh Mohan
Hyatt signs deal with Saraca Hotels to add four branded properties in UP, Uttarakhand
Hyatt Hotels Corporation has signed agreements with Saraca Hotels & Resorts to introduce four new hotels in India. This partnership will expand Hyatt's brand presence in Uttar Pradesh and Uttarakhand. The agreement introduces the Unscripted by Hyatt brand to India through Saraca Hotel Lucknow and Saraca Resort & Spa Corbett. Additionally, two hotels under the Destination by Hyatt and Hyatt Place brands will be established near Jim Corbett National Park.
With Indias Nifty 50 down nearly 12% this year, investors are looking abroad, including to US stocks. Here's what Indian residents should keep in mind before putting money in US companies.
PNB credit card changes from Nov 1: See list
When Should You Add PMS to Your Portfolio? Naveen Kulkarni Explains
When Should You Add PMS to Your Portfolio? Naveen Kulkarni Explains
Everyone wants a permanent bull market in their portfolio; global investing can help: DevinaMehra
Everyone wants a permanent bull market in their portfolio; global investing can help: DevinaMehra
SEBI will make direct mutual fund plans the default option on AMC digital platforms from November 1. With regular plans still accounting for 63.3% of retail mutual fund AUM, experts explain why investors choose them and how the new rule could impact them.
ET AI Business Transformation Masterclass & Awards: Inside the future of agentic payments
Synopsis: AI tools are all set to perform tasks that go beyond answering questions or making recommendations. A live demonstration at the ET AI Business Transformation Masterclass and Awards 2026 will show how AI agents can make UPI payments through P3P without manual intervention, and what this could mean for the way people make digital payments and business transactions in the future.
Sun Pharma ordered to halt eye drug production at Assam plant over quality lapses: Report
Indian regulators have ordered Sun Pharmaceutical Industries to stop manufacturing ophthalmic products at the Assam facility. This decision followed the discovery of failures in the company's quality management system. A joint inspection cited lapses that affected drug safety and quality, leading to a recall of several eye-drop brands. Significant adverse cases have raised concerns regarding product contamination, prompting further investigation.
Max Healthcare to add 209 beds with Rs 415 crore capex; Q2 network profit rises 10% to Rs 448 crore
Max Healthcare has approved a significant capital expenditure to expand bed capacity at its hospitals. The investments include adding 209 beds at three different locations to meet healthcare demands. BLK-Max Hospital will also feature a new multi-level parking tower as part of the expansion. In addition, the network's operational bed capacity has increased substantially over the past year. This expansion reflects the growing need for quality healthcare services across India.
RBI hikes FRB 2034 interest rate to 7.26%: How much can you earn on Rs 5 lakh investment?
The Reserve Bank of India has declared a new interest rate of 7.26% per annum for the Government of India Floating Rate Bond 2034, reflecting an increase from the earlier rate of 6.45%. This updated rate will be effective from October 30, 2026, to April 29, 2027, allowing investors to earn more on their six-monthly coupon payments.
Banks must go beyond lending to unlock Bengal's industrial potential: NITI Aayog's Ashok Lahiri
NITI Aayog vice-chairman Ashok Lahiri emphasized the need for banks to facilitate connections between businesses and financial resources. He pointed out the low credit-deposit ratio in Eastern India, which hinders investment and economic growth. Lahiri highlighted the importance of investment in infrastructure, industrial expansion, and the MSME sector. Banks could support smaller enterprises with structured credit facilities to help them grow.
Gen Z brands are breaching the last citadel of legacy consumer firms
India's Gen Z and D2C brands are challenging FMCG giants like Hindustan Unilever, ITC and Marico by expanding into kirana stores. New-age brands captured 21.7% of India's kirana market in H1 FY27, up from 14.8% a year earlier. As digital-first brands breach traditional distribution networks, legacy FMCG companies face growing competition for retail shelf space and consumer loyalty nationwide.
EPFO invests monthly contributions from employees and employers across government securities, corporate bonds and ETFs. But how does it manage market risks while offering a fixed interest rate? Experts explain its investment process, interest rate mechanism and proposed AIF exposure.
Sun Pharma books Rs 346 crore Organon deal costs in Q2; profit falls 36%
Sun Pharmaceutical Industries experienced a significant decline in net profit during the September quarter of FY27. The company incurred acquisition-related costs of Rs 346.16 crore while preparing for the Organon acquisition. Revenue from operations increased by 11.9% compared to the same quarter last year. An important settlement of Rs 922.67 crore was reached concerning a litigation in the US. The transaction with Organon is expected to close in Q4 FY27.
A consumer commission in Kerala has directed Air India Express to pay Rs 70,000 to a woman and her three-year-old son after they were denied boarding on a confirmed Kochi-Abu Dhabi flight in 2021. The airline must also refund Rs 20,287 with 9% interest after the passengers were forced to buy fresh tickets to Sharjah.
Indias SIP growth story has a long runway, with household equity exposure still in single digits and a large number of investors in the wealth-accumulation phase, says Carnelian Asset Managements Vikas Khemani. Speaking at the ET Wealth Expo, he said SWPs may take another 25 years to gain widespread relevance as the population ages and more investors transition towards retirement.
Vivek Kannan has been appointed as the chief executive officer of Hinduja Housing Finance Limited. He succeeded Sachin Pillai, who stepped down but remains on the board as a non-executive director. Kannan joined the company as Chief Operating Officer in 2020 and contributed significantly to its growth and transformation. With over two decades of experience, he has held leadership roles in various financial institutions.
Gold ETFs and EGRs offer two ways to invest in gold without storing it yourself. But how do they differ in ownership, liquidity, costs, and physical redemption? Experts explain which factors investors should consider before choosing this Diwali.
Cathay Pacific reports personal data security incident involving Amadeus IT
Cathay Pacific Airways has reported a data security incident linked to a third-party service provider. The incident reportedly affected around 53,000 bookings associated with the airline, due to unauthorized access to Amadeus' systems. Personal information such as booking references, passenger names, and flight details were accessed during the breach. However, investigations continue, and there is no evidence of access to financial or payment information.
Swarup Mohanty of Mirae Asset urged investors to focus on the consistency and quality of their investment decisions rather than market movements. At the ET Wealth Expo, he stressed that financial goals should drive asset allocation, cautioned against chasing past returns and highlighted the importance of buying good businesses at reasonable valuations.
Low-sugar fizz, high-cost squeeze: Varun Beverages battles margin pressure
Varun Beverages reported a contraction in gross and EBITDA margins during Q3 CY2026 despite strong revenue growth. The company's revenue from operations increased significantly, driven by robust sales volumes and premium product offerings. Higher packaging costs and a rise in costs of raw materials negatively impacted their margins. However, the shift towards low-sugar products positively influenced sales volume contributions.
Kashi-Delhi Vande Bharat Sleeper starts tomorrow
Gold rate today: 24k vs 22k vs 20k vs 18k prices
A Hyderabad consumer commission has ordered Square Yards interior business to pay 4.25 lakh to a Secunderabad woman after her flats interiors didnt match approved 3D designs. She moved the commission, which held that firms failed to explain production drawings, amounting to deficient service.
The Centre's 3% DR hike, effective 1 July 2026, will raise Dearness Relief for eligible OPS and UPS family pensioners from 60% to 63%. Here's how the revision will affect monthly family pension payments, the applicable eligibility conditions and examples of the additional amount.
A Kerala consumer commission ordered IRCTC to refund a passenger Re 1 withheld from a cancelled ticket, with 9% interest, 100 compensation and 3,000 in legal costs. It ruled the shortfall amounted to deficient service and an unfair trade practice.
Insurance reforms: protect policyholders and keep the door open to investors
Indias insurance reforms must curb mis-selling and opaque incentives without creating an uneven playing field or unsettling foreign investors with frequent policy changes.
Au Small Finance Bank says investigating potential data leak involving SaaS platform
AU Small Finance Bank is investigating a potential data leak involving a SaaS platform managed by Salesforce.
ICICI Prudential MF's S Naren cautions investors against chasing asset classes after sharp rallies, calling it anti-asset allocation. At the ET Wealth Expo, he highlighted the importance of investing in underperforming asset classes, including international debt, and using valuation indicators to guide decisions. He also discussed gold, real estate and the need for patience during market corrections.
Anti-asset allocation: Why buying after a surge hurts returns, says S Naren
Smartworks raises FY27 revenue growth guidance to 35% after Q2 revenue jumps
Smartworks reported a revenue increase of 39% year-on-year during the July-September quarter. The company has raised its revenue growth guidance for FY27 to 3335%. It continues to expand its contracted rental revenue to Rs 5,800 crore across 71 centers. Demand from enterprise clients remains strong, contributing 91% of the rental revenue. The company is focused on adding more campuses in prime locations to support client growth.
November brings several important income tax deadlines, including TDS payments, issuance of TDS and TCS certificates, and the extended ITR filing deadline for audit cases. Here's a date-wise guide to key forms, compliance requirements and deadlines taxpayers should know.
