36 C 
Wife filed Schedule AL in ITR for first time and got hit with unexplained credit income tax notice for ancestral family jewellery worth Rs 67 lakh; she claimed its ancestral and wins relief in ITAT Mumbai.
TVS Motor's Venu Srinivasan says EVs not sole answer to cutting emissions
Srinivasan says electric vehicles should be allowed to grow organically, with consumer choice playing an important role
Jindal Stainless and Indian Oil have renewed their lubricant supply partnership for another five years, extending their vendor-managed inventory arrangement at the Hisar unit. The companies said the renewed agreement will support equipment reliability, operational efficiency and energy supplies while opening scope for deeper technical cooperation.
India telecom sector may see 12-15% tariff hike in next 4-5 months: Report
India's telecom operators are projected to see a 12-15% tariff hike in the next few months. Bharti Airtel, Reliance Jio, and Vodafone Idea Limited are expected to report revenue growth in average revenue per user. Reliance Jio is estimated to add 8 million subscribers, while Bharti Airtel expects to gain 3 million customers. Vodafone Idea is projected to add 1 million subscribers in the same period.
8th Pay Commission news: The 8th Pay Commission is set to begin discussions in Bengaluru starting October 7, focusing on employee salaries and related issues. Various government departments are tasked with gathering employee data to aid in compiling a comprehensive report. Early recommendations indicate potential fitment factors that could boost minimum salaries considerably. These suggestions will also influence pension adjustments for government employees.
Four new airports to come up in West Bengal in two years: K Rammohan Naidu
Union Civil Aviation Minister K Rammohan Naidu announced the development of four new airports in West Bengal. These new airports will be located in Charra, Kalaikunda, Balurghat, and Hasimara. Naidu indicated there is a need for a second airport in Kolkata to meet demand. The UDAN scheme will see an investment of Rs 29,000 crore in the state over ten years.
Indias BPM industry enters a new AI-driven phase | ET x Nasscom podcast Ep. 3
UltraTech commissions 116.55-MW wind project; 1st Indian co to hit 2 GW captive green power capacity
UltraTech has become the first Indian company to cross 2 GW of captive green power capacity with a recent commissioning of a 116.55-MW wind energy project in Barmer, Rajasthan. Additionally, the company has added 10 MW of Waste Heat Recovery System capacity at its Karnataka unit. UltraTech's current green energy capacity now meets approximately 48 percent of its power requirements across operations.
The GST Council may protect genuine buyers from losing input tax credit if suppliers default on tax payments. The proposal, discussed in the upcoming meeting, will ensure buyers arent penalised for a suppliers tax default. Details here.
The Niftys eight-week losing streak may test SIP investors patience, but a market correction alone does not warrant stopping or increasing SIPs. Here is what investors should consider before changing their strategy.
Bharat Forge secures contract from Pratt & Whitney Canada for aerospace engine components
The components will be manufactured at Bharat Forge's aerospace facility in India
The Labour Bureau revised minimum wages effective October 1, 2026, increasing rates for agricultural and other workers. The Variable Dearness Allowance, tied to inflation adjustments, raised daily wages for unskilled agricultural workers to 537, 491, and 486 in Areas A, B, and C respectively.
A Rs 10,000 monthly SIP in 12 equity mutual funds grew to more than Rs 10 crore since their respective inceptions, an ETMutualFunds analysis found. Nippon India Growth Mid Cap Fund topped the list with Rs 27.13 crore, followed by Franklin India Mid Cap Fund at Rs 22.13 crore, highlighting long-term wealth creation.
Gold rate today: Gold prices showed little change at major jewellery brands across multiple cities on October 5, 2026. The indicative rates from the India Bullion and Jewellers Association showed a slight decline in bullion prices.
$100/barrel crude on screen, $145/barrel in physical market: Kotak Securities sees two prices
Crude oils physical market price could reach nearly $145 a barrel even if benchmark prices show $100, as soaring VLCC shipping costs widen the gap, Kotak Securities Anindya Banerjee said. He expects India to remain protected by ample refining capacity and diversified supplies, while predicting RBI rate hikes in October and December as liquidity remains abundant.
FLY91 to raise weekly flights 26% to 354, expand network to 14 destinations
FLY91 will increase weekly flights from 280 to 354 as part of its Winter Schedule 2026-27. The airline's network will extend to 14 destinations, including Navi Mumbai. Increased frequency to Tirupati will enhance connectivity in Andhra Pradesh and Telangana. Two daily flights will operate between Tirupati and Hyderabad to meet passenger demand. Tickets for the expanded schedule are currently available for purchase.
New Delhi [India], October 5: Four days after the Prime Minister's Red Fort pledge to train a crore Indians in AI, the country' s banking establishment gathered for the fourth CNBC-TV18 Banking Transformation Summit, presented by Nucleus Software, filled with an understanding that India's financial ecosystem had crossed a threshold. As the event theme 'Scaling Bharat: Powering Progress with Responsible AI' implied, the question was no longer whether artificial intelligence would transform banking. Now, the aim was to articulate a vision for the kind of transformation India would create, who would benefit, and how intelligence would be accompanied by responsibility.
Credit cards provide a way to manage expenses without immediate cash flow. But paying only minimum dues incurs interest, leading to debt traps and even lower credit scores. Here's how.
Delhis first integrated double-decker Metro-flyover is nearing completion, with 88% of construction work on the 1.4-km Karawal Nagar project now finished. The structure, being developed in northeast Delhi, will combine a flyover and Metro corridor on the same structure between Yamuna Vihar and Bhajanpura Metro stations.
Variable dearness allowance: The government has announced an increase in Variable Dearness Allowance affecting various sectors including agriculture and construction. This revision will take effect from October 1, 2026, and will adjust minimum wages for workers accordingly.
Cooking oil prices face a festive-season check
India may be best placed to fill a China-sized hole in fuel exports
India could emerge as a key swing supplier of refined fuels as China suspends October exports, helped by recovering Middle Eastern crude imports and lower Indian fuel-export taxes. With large refining capacity and an export-oriented industry, Indian refiners may be able to step up diesel, petrol and jet-fuel shipments to Asian markets facing tighter supplies.
8th Pay Commission arrear calculator: Level 7 employees may lose up to Rs 3.32 lakh due to delay
Delhi ITAT has given a taxpayer another chance to contest 1.55 crore in income additions after she failed to respond to four appellate notices. The tribunal said the CIT(A) cannot dismiss an appeal without examining the issues on merits and passing a reasoned order.
The Northeast Frontier Railway (NFR) has helped save 255 elephants from potential train collisions between January and September 2026 through AI-based alerts, enhanced patrolling, speed restrictions and coordination with forest officials. Measures such as the Plan Bee system and wildlife underpasses are also being used to protect elephants near railway tracks.
Honda targets 20% cost cuts, faster car development in India with Tata Technologies: Report
Honda Motor aims to decrease costs and development times by outsourcing vehicle production to Tata Technologies in India. The partnership is expected to lead to significant savings of up to 20% and shorter development timelines. Honda is currently facing financial pressures and is shifting focus toward hybrids and cost-cutting measures. The first vehicle under this collaboration is a small SUV targeted for launch in 2028.
AMFI reshuffle: NSE may get largecap status, SBI Fund Management may become midcap in H1 CY27
Nuvama expects NSE to enter the largecap category and SBI Funds Management to become a midcap in AMFIs H1 CY27 reshuffle. Bosch, Siemens Energy India and others may be upgraded, while several largecaps could move down. The revised classification will take effect from February 1, 2027, after H2 CY26 market-cap rankings.
Embassy Developments sells 477 homes for Rs 1,800 cr in township project at Bengaluru
Embassy Developments achieved pre-sales of over Rs 1,800 crore for 477 homes in Bengaluru. The sales occurred within a week of launching the Embassy Origins township project. This project includes 217 villas and 855 apartments, offering significant saleable space. The company projects a revenue of Rs 4,500 crore from these launches in the future. Embassy Group has a longstanding history of delivering substantial residential area in Bengaluru.
Wall Streets $10 billion India hospital bet sparks a fight over bills
Wall Street has poured about $10 billion into Indian hospital chains over the past five years, with investors including Blackstone, KKR, TPG and General Atlantic betting on Indias huge shortage of hospital beds and rising demand for specialised care.
The Nippon India Taiwan Equity Fund has achieved impressive returns exceeding 118% over the last year, driven largely by Taiwan's booming technology and semiconductor industries. This fund targets long-term capital appreciation via equity investments. However, investors should temper their expectations due to increasing valuations, emphasizing the necessity for a diversified portfolio and thoughtful investment strategies for international allocations.
The RBI has fixed the interest rate on Government of India Floating Rate Bond 2028 at 6.45% for 4 October 2026 to 3 April 2027. Heres how the rate is set, what investors can earn and what to know before investing.
Equity mutual funds invest in shares, which may generate dividends. Investors can choose either a growth or dividend plan. Here's when the dividend is not credited to an investor's bank account.
A gold robbery at Kheda Railway Station in Gujarat was solved within hours after Ahmedabad Rural Police and Railway Police tracked down all four accused. Police recovered 2.90 kg of gold worth around Rs 4 crore and two vehicles used in the crime. The operation saw a dramatic chase in which a police inspector was dragged for around 500 metres.
Top 10 mutual funds to invest in October 2026
An online search would mostly take you to some websites with ready-made lists. Most often, the schemes may be shortlisted on the basis of their short-term performance. Sometimes, the schemes from a single category may dominate the list because that category happens to be the flavour of the season.
L&T wins 10,000-15,000 crore power transmission orders in India, Middle East
Larsen & Toubros Power Transmission & Distribution business has won multiple EPC orders worth 10,000-15,000 crore across India, Saudi Arabia and the UAE. The projects include 380 kV transmission and substation works in Saudi Arabia, 132/11 kV substations and cabling in the UAE, and a transmission system of lines and substations in Visakhapatnam.
Indian ITs Q2 earnings dilemma deepens: More deals but weaker growth and falling pricing power
As Indian IT firms gear up for their Q2 earnings report, the landscape appears mixed. Strong deal activity persists, yet clients are pushing for higher efficiency, leading to a notable decline in revenue growth. Large IT companies may witness their weakest growth in three years, primarily due to acquisitions rather than organic expansion. Infosys is under a microscope for possible downward adjustments to its revenue guidance.
The Indian stock market rebounded sharply on Monday, marking a much-needed respite after eight weeks of declines. Anup Bagchi's appointment as CEO at HDFC Bank has calmed investor jitters regarding leadership shifts. Notably, broader market indices like Nifty Smallcap 100 and Midcap 100 enjoyed gains exceeding 0.
Siemens Energy among 5 stocks showing RSI Trending Up
The scan identifies stocks where the RSI value has crossed above 50 from below, signalling strengthening momentum.
Gold and silver prices in India witnessed a rise during early trading hours on Monday. Check retail rates of the precious metals in top metro cities of the country.
Maricos core franchises expected to power a strong Q2 as FMCG demand holds firm
Marico expects to achieve a double-digit revenue growth in the second quarter of FY27. This growth will be driven by strong domestic demand and improvements in premium and digital-first businesses. The company is benefiting from favorable copra prices that are likely to enhance profit margins. Marico's first-half performance indicates it might exceed its near-term financial guidance. Companies in the consumer goods market are managing resilient demand against fluctuating inflationary pressures.
Calcutta High Court has directed authorities to reconsider a government employees Old Pension Scheme claim, ruling that failure to disclose a prior job application or obtain technical resignation cannot by itself defeat eligibility under the 2023 pension option.
Adani Ent Share Price Live Updates: Adani Enterprises Current Price Update
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Bharti Airtel Share Price Live Updates: Bharti Airtel's Current Trading Status
Markets bet on RBI rate hike as inflation pressure builds
As inflation concerns rise, investors are putting their faith in the Reserve Bank of India to implement an interest rate hike. A survey reveals that nearly 60% of economists believe a 25-basis-point increase is likely at the coming policy meeting. With an eye on foreign investment, expectations are growing for a tightening cycle to kick off in October, setting the stage for how future capital flows will be managed.
PPF maturity date falls on a holiday or you don't withdraw immediately: what happens to your money?
A Public Provident Fund (PPF) account matures in 15 years, calculated from the financial year of opening. Here's what happens if you don't make a withdrawal immediately.
A job break can affect the tax treatment of EPF interest. While the accumulated EPF balance may remain tax-free after five years of service, some ITAT rulings say interest earned after leaving employment can be taxable as income from other sources.
Wealth adviser WhatsApp hack: Know the danger signs
Recent incidents highlight the increasing threat of compromised WhatsApp accounts among financial advisers in India. These attacks exploit trust, as fraudsters impersonate advisers through hacked accounts. Financial firms have implemented strict new security measures to mitigate future attacks and protect client information. Advisers urge their clients to adopt safer communication practices when handling sensitive financial information. Staying vigilant and verifying communications can prevent potential scams and financial losses.
IRDAI paper: Consumer protection needs more focus
Rules and caps can change behaviour. Incentives determine whether organisations merely comply with the rules or actually change the behaviour that created the problem. No regulator can adjudicate every commercial decision made by every insurer and distributor.
Insurance mis-selling: Why IRDAI's role is the key
The Insurance Regulatory and Development Authority of India has announced new proposals to limit commission rates for insurance distributors. This move seeks to tackle high distribution costs, ultimately enhancing the policyholder experience. By implementing reforms aimed at fostering customer-centric practices, the initiative aims to curtail the mis-selling of insurance products. Insurers must align their compensation methods with the value delivered to customers.
EPF wage ceiling hike: EPS legacy issues remain
The recent adjustment to the Employees' Provident Fund wage ceiling significantly widens eligibility for benefits, raising the contribution limit from Rs. 15,000 to Rs. 25,000. This revision aims to enhance social security, but it might pose complexities for pension contributions. Employees should verify the accuracy of their EPS records to prevent issues, as the swift rollout of the new ceiling could lead to unforeseen challenges.
EPF wage ceiling hike: Impact on EPF, EPS, salary
While the higher ceiling does have an impact on immediate net cash take-home of the employee due to increased contribution, it will certainly support building of future corpus for retirement and higher pension by way of contribution to the provident fund and pension scheme.
AI can pick funds, but it can't stop panic selling
The software can analyse thousands of funds and figure out that the three or four you are researching have almost identical portfolios. However, the investors real challenge lies in the middle stage. Choosing a good fund is the easy part because there are actually a lot of good funds and distinguishing the good from the bad is not black magic, nor is it guesswork.
Can these EMS stocks gain as sector sees good growth
Investor enthusiasm around the sector is visible in the performance of nine EMS stocks covered by multiple brokerages. The group has delivered an equal weighted average return of 55.3% so far in 2026, compared with 1.1% for the Nifty 500 Equal Weighted Index. Seven of the nine stocks have delivered posi tive returns, while three have gained over 100%. The analysis is based on closing prices as of 28 September 2026.
Switching jobs? Dont treat the offer letter as a job
Cover the risks between your old payslip and the new one, says Devashish Chakravarty. Read the print on your offer before you re sign. Routine conditions are fine, such as background verification, document checks and reference calls. Speed them up. Watch out for clauses that can delay or withdraw the offer, like a joining date to be confirmed, or a role tied to a client contract, or a probation that is extendable.
Festive sales and shopping traps: Be a smart shopper
Bala had saved 2,000 for headphones. He spotted a pair at 40% off, but the prompt, Only 2 left! and Add 500 more for FREE shipping! nudged him into adding a phone cover and a notebook. He ended up spending more than he had planned. During festive sales, around Dussehra and Diwali, such offers can push us to buy faster, spend more or buy things we dont really need.
Fewer Indians think Rs 1 cr is enough for retirement
Working Indians across generations are increasingly proactive towards retirement planning, even as most believe they are not adequatelyeither financially, physically or emotionally prepared for their twilight years, the latest edition of an annual study by Axis Max Life Insurance shows. 1 in 2 respondents think they should start plan ning for retirement from their 1st pay cheque.
What rising US Treasury bond yields mean for markets
Cutting through money jargon, one topic at a time. This week, Sanket Dhanorkar explains why yields on US Treasury bonds matter, and what it means for Indian investors. Rising US bond yields mean investors are demanding a higher return to buy and hold that debt. This reflects concerns over the weak fiscal position of the US and the inflationary impact from steep oil prices.
Festive travel squeeze: Domestic airfares jump up to 68% as flight options narrow
Domestic airfares on key routes have surged ahead of the festive and year-end travel season, with Delhi-Hyderabad fares up 68% year-on-year and Mumbai-Kolkata 51%. Airlines have cut domestic flight frequencies by 5% while keeping seat capacity broadly stable, but higher ATF prices and constrained departures are adding pressure on fares.
DIAL raises 3,500 crore to refinance $522.6 m dollar bonds
Delhi International Airport Ltd has successfully raised 3,500 crore through 15-year rupee-denominated non-convertible debentures. This financing aims to refinance its upcoming $522.6 million dollar notes maturing in October 2026. Major investors included India Infrastructure Finance Company and various banks that subscribed substantial amounts.
Bajaj Finserv to rope in ex-GIC re chief for reinsurance venture
Bajaj Finserv is preparing to enter the reinsurance sector with the appointment of N Ramaswamy Narayanan. The former chairman of GIC Re brings over thirty years of reinsurance experience to the role. This strategic move aims to strengthen the Bajaj Group's existing insurance operations through a new subsidiary focused on reinsurance.
Nifty Total Market Index funds offer exposure to large-, mid-, small-, and micro-cap stocks through a single mutual fund scheme. Heres a look at the category, its benchmark performance, and how the index funds have performed so far.
Audit rotation boom puts Big Four under sharper scrutiny
Indias audit rotation cycle is prompting companies to scrutinise prospective auditors far beyond credentials, examining team stability, sector expertise, regulatory records, technology capabilities and conflicts involving non-audit services. With over 1,000 mandates expiring in FY27, audit committees are demanding greater detail on partner continuity, independence and the value firms can deliver.
AI cloning opens new monetisation route for celebrities, creators
Artificial intelligence is creating a new revenue stream for celebrities and digital creators by allowing them to license AI-generated versions of their faces and voices. The opportunity spans advertising, branded content and digital media, but also raises questions around consent, unauthorised replication and ownership of digital identities.
Reliance Retail, 7-Eleven end 5-yr India deal
Mumbai: Reliance Retail and 7-Eleven are ending their five-year franchisee deal in India, closing most of the nearly 60 convenience stores they operated under the partnership, after struggling to make the format profitable, people familiar with the matter said.A handful of outlets are clearing the inventory before shutting, they said. 7-Eleven may look for another Indian partner to keep a foothold in the market, although no decision has been made, the people said.The exit highlights an unusual squeeze that convenience stores are facing in India, with millions of small kirana stores that have long served consumers' immediate needs on one side and quick-commerce companies that are bringing the same snacks, groceries and daily essentials to doorsteps within minutes on the other.134679627Reliance and 7-Eleven did not respond to ET's queries.The partnership, struck in 2021, was intended to bring the world's largest convenience-store chain to India through Reliance's retail network. But the business struggled to achieve the scale needed to offset the relatively high costs of running branded stores.The 7-India Convenience Retail venture reported revenue of about 92 crore ($10.6 million) and a net loss of nearly 90 crore in the year ended March 2026, according to its financial statements.Reliance wants to reach consumers across every channel, but sustainability ultimately matters. Convenience stores have faced increasing pressure from quick commerce since the pandemic, with both formats offering similar assortments and serving the same immediate-needs occasions, said Devangshu Dutta, founder and CEO of Third Eyesight, a consumer-sector consultancy.Kiranas operate with far lower overheads and different margin expectations than corporate-run convenience stores. Reliance's exit could therefore signal a broader rethink of the format, particularly in markets where quick commerce has become a strong alternative.Globally convenience stores have become powerful retail businesses in several markets despite the expansion of supermarkets and hypermarkets. 7-Eleven in Japan, Taiwan, Thailand and Singapore; Lawson in Japan and Oxxo in Mexico are among the largest retailers in their respective markets.7-Eleven's Japanese parent, Seven & i Holdings, operates more than 85,000 stores globally, making it one of the world's largest retail networks. Yet the company has been restructuring its overseas operations and closing stores in North America as consumer behaviour and store economics change.In India, however, organised convenience retail has struggled to replicate the success seen in other Asian and emerging markets. EasyDay, More and Spencer's have either shut stores or shrank their smaller-format networks over the years, underscoring the difficulty of building profitable neighbourhood stores at scale.Packaged consumer goods companies continue to derive roughly three-fourths of their sales from small neighbourhood stores, underlining the strength of the traditional distribution network. Quick commerce platforms are, meanwhile, expanding rapidly.That makes it difficult for organised convenience stores to charge a premium or generate sufficient sales density to cover higher rents, staffing, inventory and logistics costs.Convenience retail works best when operators achieve high store density and productivity, supported by strong supply chains and differentiated offerings such as fresh food and private labels.Reliance initially expanded the 7-Eleven network in Mumbai and other markets, but the footprint remained small compared with the company's wider retail operations.
A dormant or inoperative account is not a lost account. Whether the account has been unused for two years or the deposit has remained unclaimed for a decade, RBI's framework provides a route for the rightful account holder or beneficiary to recover the money.
Facing an NPS-related issue? Know how to raise a complaint through the PFRDA Pension Sahayak portal
Have an NPS or APY-related query or complaint? PFRDAs Pension Sahayak offers a simpler way for subscribers to raise and track grievances online. Heres how the platform works, the steps to register a complaint, and what happens if the issue remains unresolved.
National Housing Bank set to conduct forensic audit of SRG Housing Finance
Amid growing concerns over dubious lending practices, the National Housing Bank has initiated a forensic audit of SRG Housing Finance. This scrutiny will investigate allegations of fictitious loans, including unsupported accounts and discrepancies in repayment records. Auditors will delve into consumer data and loan origination processes to uncover any fraudulent activity, building on earlier findings that flagged possible fictitious loans ranging from 300 to 400 crore.
A survey of over 67,000 UPI users suggests 76% may shift to cards, cash or bank transfers for purchases above 2,000 if merchants pass on the proposed 0.4% MDR. Only 14% said they would continue using UPI and bear the additional cost.
5 tricks to improve your CIBIL score to get loans faster with better interest rates
CIBIL scores reflect repayment history and influence the chances of loan approval. Here are 5 tips to improve your CIBIL score.
Know when TDS applies to payments made to contractors for construction, repair, or renovation work. The rules specify who must deduct TDS, the applicable 1% or 2% rates, the 30,000 single-payment and 1 lakh annual thresholds, and separate rules for individuals and HUFs.
Sukanya Samriddhi Yojana calculator: Your daughter may have 72 lakh for her education; heres how
Starting a Sukanya Samriddhi Yojana account at birth aligns with the child's educational needs by the age of 21. Check how.
The IPL mega auction highlights how emotions can cloud decision-making for franchise owners. These psychological traps mirror investors behaviours in stock markets, where past spending often skews current judgments.
Indian Diaspora Groups Raise Consular, Banking Issues With EAM S Jaishankar
The global Indian diaspora has called for improvements in consular services, financial access, cultural programs and other areas in a memorandum submitted to India's External Affairs Minister S Jaishankar during his recent visit to New York.
Value mutual funds follow a strategy of investing in stocks that appear undervalued. But which schemes have delivered consistently strong returns across 1-, 3-, and 5-year periods, and how does their performance compare on another key metric? Heres what the latest data shows.
Civil Aviation Ministry, airlines to discuss Mumbai airport issues on October 6
The Civil Aviation Ministry is set to hold discussions with airlines concerning the impending shift of international flights, which may take effect on October 25. There are plans to relocate these operations to Navi Mumbai airport or reduce them by a third. Airlines have expressed worries about how these alterations could affect their services and the convenience of their passengers.
Sneakers are expected to grow 8.8% annually, reaching $98.7 billion by 2034. Asia-Pacific leads sales, driven by demand in China. Young consumers value brand stories, with low-top sneakers being the most popular style.
Missing your ITR deadline does not mean you lose every tax benefit. But if you have reported a loss, filing a belated ITR can change what you can carry forward. Heres what taxpayers with capital and house-property losses need to know.
FD rates for senior citizens in October 2026: Interest reaches 8.50% in these banks
In October 2026, senior citizens can secure fixed deposit rates up to 8.50%. Check detailed numbers.
FSSAI orders Everest to recall cumin powder after sample found unsafe
FSSAI has ordered Everest Food Products to immediately recall a batch of pre-packed cumin powder after testing found pesticide residues above prescribed limits. A referral laboratory confirmed the sample was unsafe. The regulator also suspended Creative Bakers and Confectioners licence over severe hygiene deficiencies and directed corrective action.
Bollywood celebrities like Shah Rukh Khan and Alia Bhatt are expanding their wealth through investments in startups, properties and sports teams.
A branch shutting down does not mean that your account or deposit will disappear. The bank will generally transfer the account to another branch or banking outlet and inform customers about the new arrangement.
Paramount Syntex subscribed 1.3 times on day 2 of bidding; QIB book hits 119 times
Paramount Syntex's Rs 82-crore IPO was subscribed 1.35 times on the second day of bidding on the BSE SME platform. The issue received bids for 82.39 lakh shares against 61.17 lakh shares on offer. The QIB portion was subscribed 119.29 times, while the retail and NII portions saw 10% and 2% subscription, respectively. The IPO closes on October 6.
DLF Sells Out Entire 1,985 Cr Senior Living Project
