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Gold and silver prices today, 6 October: Check the latest 24K, 22K gold and 999 silver retail rates across Delhi, Mumbai, Kolkata and other major Indian cities, along with MCX market updates.
Two-wheelers, EVs power September auto sales as festive demand picks up
Indias two-wheeler market saw record sales in September, boosted by festive consumer buying trends. Two-wheeler sales rose 33.08% year-on-year, marking the segment's highest-ever September performance. Electric vehicles also achieved record monthly sales, accounting for 11.58% of overall two-wheeler sales. The festive season is anticipated to further enhance sales momentum, with many dealers expecting growth. Overall, the shift toward electric vehicles indicates changing consumer preferences in the automotive market.
Aadhaar isn't mandatory for every pension life certificate; here's what is
If you're managing cryptocurrency on international exchanges without disclosing them in India, the Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 (FAST-DS 2026) could be essential for you. This piece delves into the necessary steps for declaring foreign digital assets and discusses the consequences of failing to disclose crypto investments, highlighting potential tax liabilities and legal safeguards.
Indias wind industry must move beyond turbines to integrated power solutions: GWEC
India's wind energy companies are encouraged to offer integrated solutions that include wind, solar, and battery storage. This shift is crucial as the country aims to reach its 2030 target of 100 GW of wind capacity. Improved policies and auction designs are helping, but coordination between agencies poses challenges. Grid deployment delays and permit issues are also key constraints facing the industry.
FLY91 begins flights from Navi Mumbai airport, adds four direct routes
FLY91 has begun operating from Navi Mumbai International Airport, offering direct flights to various destinations. The airline plans to operate over 350 weekly flights in its winter schedule. Multiple public transport options will connect passengers to and from the airport, enhancing accessibility. E-Shivai electric buses, taxi services, and autorickshaws will provide economical transport solutions. The airport is establishing infrastructure to support electric vehicles and improve mobility options in the region.
States seek additional power as India faces night-time supply squeeze
Several Indian states, including Rajasthan and Gujarat, are seeking additional power allocations to manage supply shortages. This situation arises as hydropower output has weakened and maintenance at coal plants reduces electricity availability. Power shortages surged significantly in September due to high demand and low generation rates. The federal government is struggling to meet these requests as much of its available power is already allocated.
Starting a credit journey at 21 does not mean taking on unnecessary debt. A secured or entry-level credit card, disciplined spending, timely full repayments and controlled credit utilisation can help young borrowers build a strong credit history.
8th Pay Commission: Bengaluru meeting will hear stakeholder views on salaries, fitment factors, allowances and pensions. IRTSA has sought higher minimum pay and fitment factors, while RSCWS has called for stronger basic pay and better retirement security, with similar demands expected to be tabled.
Smartphone and consumer electronics manufacturers are extending EMI options to as long as 30 months. This move aims to cushion consumers from rising prices and stimulate demand during the festive season. Major brands like Samsung and Xiaomi are offering no-cost EMI schemes on various models, including entry-level options. Retailers expect finance-driven purchases to increase significantly during the festive sales period.
Health insurers may introduce a 10% co-payment on claims from January 2027, capped at 5 lakh per claim. While this could lower premiums, policyholders may face higher upfront costs during hospitalisation. Heres how the proposal could work and what consumers should check.
Indian Bureau of Mines invites applications to set up mineral exchange
The Indian Bureau of Mines is inviting applications from companies to set up a mineral exchange. Interested applicants have until November 2 to submit their applications for consideration. This initiative follows the notification of the Mineral Exchange Rules, 2026, to facilitate trading of minerals. The government seeks to identify capable entities to establish a transparent and technology-enabled exchange.
Gadkari calls for better highway planning, safety
During a recent Chintan Shivir in Gujarat, Nitin Gadkari brought attention to the essential role of quality and safety in national highway development. He pointed out that improved planning at the detailed project report stage is crucial. Effective surveys and timely clearances can significantly cut down on delays and costs, ensuring greater efficiency in highway projects right from the outset.
Flyadeal looks to expand India network beyond Mumbai, Hyderabad
Flyadeal is considering expanding its operations in India to include additional cities like Lucknow and Kolkata. Currently, the airline has successfully established routes to Hyderabad and Mumbai. The airline's initial flights demonstrate strong passenger demand and high load factors on the existing routes. Challenges include rising fuel prices affecting fares and overall yields. The carrier aims to serve at least six Indian cities as it receives more aircraft.
Highway engineers to face rating cuts for failures
Major structural collapses and severe serviceability losses in national highway projects are classified as catastrophic failures, leading to penalties for responsible concessionaires and enforcement of accountability.
In response to a laboratory worker's suspected death from bubonic plague, Russian officials have enforced quarantine protocols. Approximately 200 individuals are under watch for potential exposure to the infection, which mainly spreads via flea bites or contact with infected wildlife. Despite its serious nature, bubonic plague is treatable with antibiotics, though the pneumonic variant poses a greater threat due to its direct human transmission.
Two-wheelers dominate work commutes, buses lead overnight travel: NHTS survey
The latest National Household Travel Survey reveals that two-wheelers dominate daily commuting choices, while buses make up over 50% of overnight travel, underscoring their role in long-distance journeys. Urban workers face higher commuting costs than their rural counterparts, and students mostly use walking and buses to get to school. The survey illustrates varied travel habits across states, emphasizing the significance of public transport options.
Hospital pricing part of wider value chain: Max MD
Abhay Soi, chairman of Max Healthcare, commented on scrutiny regarding hospital pricing in India. He stated that hospitals should be evaluated based on the entire clinical process rather than individual consumable prices. Soi explained that the administration of medical supplies involves significant training and compliance with storage and disposal regulations. He noted that hospitals have multiple billing items with varying margins contributing to an overall profit margin.
Centre may seek legal view on licensing of sterile drugs
The government is actively exploring a proposal to expand central licensing authority over all sterile drug products following a recent Supreme Court decision that restricted the enforcement authority of central officials. A meeting of the drugs consultative committee underscored the essential requirement for specialized regulatory oversight for these sensitive products, aiming for uniform regulations. A dedicated sub-committee will evaluate the proposal's feasibility and gather legal insights before any definitive actions.
Mid-sized restaurants hungry for funds as investors stay away
Mid-sized organized restaurant chains such as Punjab Grill and Mad Over Donuts face financing challenges. Investors are being more cautious, focusing on sustainable profits and unit economics. As a result, several chains explore capital raises or stake sales. Recent investments favor businesses demonstrating strong financial performance and growth potential. Meanwhile, larger investments continue to thrive, creating a divide in the restaurant industry.
Oil ministry plans centralised R&D mechanism to steer projects, funding in oil and gas sector
The oil ministry aims to establish a centralised mechanism for research and development in the oil and gas sector. This approach will align initiatives from state-run companies and other organizations with national priorities. The proposed Centre for High Technology will coordinate R&D project allocation, funding, and monitoring. State firms will maintain ownership of their R&D while working collaboratively with other entities.
Amazon wants Prime members to get more than just early access this festive season
Amazon is introducing extra benefits for Prime members during the festive season, starting with the Great Indian Festival. Prime members will enjoy additional discounts and cashback offers on various products. The company emphasises faster delivery, with same-day deliveries becoming increasingly common. With growth in membership from smaller cities, this initiative aims to create consistent value for customers.
National Housing Bank likely to double affordable housing outlay for HFCs this fiscal
National Housing Bank plans to double the refinance and affordable housing funds for large housing finance companies. These funds will be available to companies seeking long-term and cheaper financing options. LIC Housing Finance, Bajaj Housing Finance, and others are likely to benefit from this increase. The funding is expected to help reduce reliance on banks while promoting growth in housing loans.
Filed your ITR in July or August but still waiting for your refund? Delays can happen for several reasons, from mismatches in tax details to processing issues. Heres what taxpayers should check on the e-filing portal and when they may need to take further action.
IPO mutual funds remain a niche category, with some schemes investing in newly listed stocks and others tracking IPO-focused indices. Heres how fund managers approach IPOs, when they buy or sell, and what investors should check before considering these funds.
Adani airports stops handling Russian cargo, say agents
Adani Airports has suspended handling cargo related to Russian carriers at Mumbai airport due to sanctions compliance concerns. This decision has led to a dispute with representatives from Aeroflot and Volga Dnepr regarding previously arranged shipments. Currently, approximately 2.5 tonnes of cargo is lying in the airport warehouse while additional cargo seeks transportation. Delmos Aviation has requested intervention from the Ministry of Civil Aviation to resolve the matter.
Waiting for your ITR refund? A delayed refund does not automatically mean you will receive interest. Heres when interest may be payable under Section 244A, how it is calculated, and the key conditions taxpayers need to know.
Finmin to meet heads of banks on Tuesday to review progress of financial inclusion scheme
A meeting involving bank heads is scheduled for Tuesday to assess the progress of financial inclusion schemes. Key initiatives include Pradhan Mantri Jan Dhan Yojana and Pradhan Mantri Mudra Yojana, which support small enterprises. Other schemes such as PM Jeevan Jyoti Bima Yojana and PM Suraksha Bima Yojana offer insurance coverage for different age groups. The StandUp India Scheme focuses on empowering SC, ST, and women borrowers.
Mercedes-Benz India has launched the Maybach S 580e plug-in hybrid priced at Rs 3.35 crore. This model is the first plug-in hybrid in the Maybach range offered in India. It features a combination of a six-cylinder petrol engine and an electric motor for enhanced performance. The luxury car provides a range of up to 98 km on a full charge with various safety features included.
SAIL H1 hot metal output 10.2 MT, up 2% on year
Steel Authority of India Ltd has set a new benchmark with a record hot metal production of 10.2 million tonnes for the period of April to September 2026. The company also achieved significant figures in crude and finished steel production, totaling 9.6 million and 8.39 million tonnes respectively. Notably, high-end steel saw a remarkable production of around 2 million tonnes, while September marked the highest saleable steel sales at 1.
Consumer demand revives, but D-Mart shares plunge amid e-commerce fears
Consumer demand gained momentum for companies like Marico and Godrej Consumer Products in the second quarter. Retailers including D-Mart and V-Mart Retail showed strong sales growth, although D-Mart's shares declined significantly. Marico reported a double-digit volume growth, while Godrej tracked revenue growth in the teens despite inflationary risks. Nykaa experienced robust growth in its beauty and fashion segments during the quarter.
German Mittelstand expands engineering and technology operations in India
German mid-sized companies are increasingly expanding their engineering and technology operations in India, particularly in Bengaluru. More than 80 German companies operate over 150 global capability centre (GCC) units employing over 130,000 professionals. Access to engineering talent and skilled professionals in India drives this rapid growth, which has seen GCCs grow by 108% in five years. Many of these companies now collaborate with universities and startups to enhance capabilities further.
A global SIP comparison shows how the same monthly investment strategy produced very different outcomes across markets. While the US emerged as the clear leader, India stood out for consistency. The findings highlight why SIP discipline alone cannot determine returns.
The 57th meeting of the Goods and Services Tax Council has been rescheduled to October 8, starting at 11 am. The meeting's location is the Summit Room, Bharat Mandapam, in New Delhi. An Office Memorandum cited unavoidable circumstances for the date change without providing further details. Members of the Council have been notified about this alteration, and an apology has been expressed for any inconvenience caused.
Haldia to revamp feedstock mix after Mideast war hit supplies, executive says
In response to disruptions from the Middle East conflict, Haldia Petrochemicals Ltd is set to broaden its feedstock sourcing strategies. Currently reliant on 50% local supply and 50% from the Middle East, HPL plans to enhance its processing abilities by using condensate and up to 30% LPG at its West Bengal facility next year.
Tata Steel expanding NINL capacity to 5 MT per annum: CEO TV Narendran
Tata Steel is channeling Rs 40,000 crore towards boosting the capacity of Neelachal Ispat Nigam Limited (NINL) by an impressive 5 million tonnes annually. This strategic acquisition, which was finalized on July 4, 2022, cost Rs 12,100 crore. After being idle for over three years due to financial turmoil, NINL is now revived.
India luxury car sales rise in double digits; Mercedes-Benz sales grow 8% to record 15,190 units
The luxury vehicle market in India showcased a striking uptick in sales for 2026, reflecting a robust appetite for high-end automobiles. Mercedes-Benz led the way with impressive sales reaching 15,190 units in just the first nine months, bolstered by exciting new launches and upgrades from loyal customers despite supply challenges. Electric models, particularly with the CLA Electric's introduction, further supported this growth.
'India operations evolved from manufacturing base to global innovation hub': Samsung
Samsung's journey in India began in 1995, and since then, it has cultivated a strong foothold by prioritizing local manufacturing and innovation. With significant production facilities in Noida and Chennai, the Noida site has become a pivotal smartphone export center. The brand has filed more than 14,000 patents locally, demonstrating its pledge to support the growth of indigenous component supply chains and its influential role in India's electronics landscape.
UPI MDR will apply to eligible P2M transactions above 2,000 from 15 October 2026. But how does its 0.4% charge compare with typical debit and credit card MDRs? Heres a look at the transaction costs and how the charges differ across payment modes.
RBI absorbs Rs 2.1 lakh crore via overnight VRRR auctions amid surplus banking system liquidity
Digital Desk | Mumbai, Oct 5 (IANS) The Reserve Bank of India (RBI) absorbed Rs 2,10,192 crore from the banking system on Monday through two overnight Variable Rate Reverse Repo (VRRR) auctions -- reflecting the central bank's ongoing efforts to drain excess liquidity from the financial system. In the first auction, the RBI received bids worth Rs 2,10,688 crore against a notified amount of Rs 2 trillion. The central bank accepted Rs 2,00,050 crore at a weighted average rate of 5.24 per cent. The response was considerably weaker in the second auction, where banks submitted bids worth only Rs 10,142 crore against the notified amount of Rs 50,000 crore. The RBI accepted the entire bid amount. The move comes at a time when liquidity conditions in the banking system remain highly comfortable. According to RBI data, surplus liquidity stood at around Rs 5.16 trillion as of October 4. Over the past two months, the central bank has conducted a series of VRRR auctions to absorb excess funds from the banking system and ensure that short-term money market rates remain close to the repo rate, which serves as the RBI's key policy benchmark. Banking system liquidity has been supported by substantial mobilisation of Foreign Currency Non-Resident (Bank) or FCNR(B) deposits. These inflows brought foreign currency into the banking system, while subsequent swap transactions with the RBI injected rupee liquidity into banks. In addition to FCNR(B) inflows, government spending at the end of the month, including payments towards salaries and pensions, has further boosted liquidity in the system. With liquidity remaining significantly above neutral levels, market participants expect the RBI to continue deploying short-term liquidity management tools, including VRRR auctions, to absorb surplus funds and maintain stability in money market rates.
Godrej Consumer expects high-teens revenue growth in Q2 despite inflationary pressures
Godrej Consumer Products Ltd anticipates strong consolidated revenue growth in the upcoming September quarter. This expected growth is driven by high demand across various markets and portfolios. The company is adapting to challenges posed by rising commodity prices through strategic pricing and cost management.
NRI tax rules: What happens to losses on foreign shares?
An NRI asks if a loss on UK stocks can offset gains on Indian shares, while another wants to know if former residents can use FAST-DS to disclose unreported US stocks.
Private banks' deposit mobilisation outpaces PSU peers in Q2
From a loan growth perspective, state-run banks' advances growth remained in the range of 12.59-29.83 per cent year-on-year in Q2, while private banks' growth ranged from 16.3-40 per cent during the same period.
The collapse of NFT market: Digital goldmine turns into digital dust; here are the biggest losers
The NFT market has collapsed, losing up to 99% of its value as excitement waned. Famous purchases by stars like Eminem and Justin Bieber have turned into significant losses.
Axis Banks Sanjeev Moghe resigns amid banking sector leadership churn
Axis Bank executive Sanjeev Moghe has resigned, making it the lender's second senior management exit in just over a month amid wider industry executive reshuffles.
Federation of Indian Airlines seeks Centre's intervention for faster release of ECLGS 5.0 funds
Indian airlines have requested the Civil Aviation Ministry's assistance in securing timely credit disbursements under ECLGS 5.0. The Federation of Indian Airlines aims to alleviate the severe financial strain caused by rising fuel costs and other factors. ECLGS 5.0 provides significant financial relief to eligible airlines impacted by current global disruptions. The scheme is designed to support airlines through short-term liquidity challenges during the ongoing crisis.
Mutual fund investors may need to rethink static portfolio strategies as market volatility, higher rates, and shifting global trends reshape sector leadership. The latest outlook highlights dynamic asset allocation, selective sectors, and the importance of tracking portfolio positioning.
Maa Acorn Lifestyle Pvt. Ltd. has announced the upcoming launch of a resort-style club at Ayana Woods. This 8-acre facility will feature a longevity clinic and various wellness amenities for residents. It is designed to support healthy living and daily routines, enhancing community engagement. The first 50 members will form the Founders' Circle with exclusive privileges.
New Delhi-Chandigarh Shatabdi Express was recently involved in a cattle run-over incident between Rathdhana and Sonipat in the Northern Railway zone when the loco pilot tried to stop the train using emergency brakes.
Only 7 actors and cricketers are among the wealthiest in India: Who are they? Hurun Rich List
The M3M Hurun India Rich List 2026 features seven non-business figures showcasing their wealth accrued from entertainment, endorsements and various ventures.
SC stays coercive action against Tata Chemicals over environment damage to marine sanctuary
The Supreme Court granted Tata Chemicals relief from coercive actions while reviewing a Gujarat High Court verdict. Senior advocate Abhishek Singhvi represented Tata Chemicals, emphasizing environmental degradation and encroachment issues. The high court previously dismissed the company's plea concerning government land used for wastewater discharge. Furthermore, the Gujarat Pollution Control Board has been tasked with assessing the environmental impact and remediation measures.
Karnataka Plans to Introduce AI Training in Govt Schools From Class 6
Google expressed interest in providing AI training in schools, and officials were asked to examine the company's initiatives in Telangana as part of this exercise, according to the CMO statement
Mercedes-Benz India sales rise 8 pc in January-September 2026
Mercedes-Benz has not only reached but surpassed its previous sales records in India, achieving 15,190 units sold during the January-September window of 2026. This reflects an 8 percent year-over-year growth. In the third quarter alone, sales rose to 5,422 vehicles, representing a 6 percent increase from 2025. The brand's success is driven by strong demand across luxury segments, and they expect this trend to continue through the festive season.
PM Modi to inaugurate Metro rail project in Chennai on Oct 11: Pon Radhakrishnan
Prime Minister Narendra Modi is scheduled to visit Chennai on October 11 for official programmes. He will inaugurate the 14.6-km Poonamallee-Vadapalani stretch of the Chennai Metro's Phase II project. Senior BJP leader Pon Radhakrishnan confirmed the details during an event at Kamalalayam. Additionally, the BJP state unit is planning 'Seva Jyothi' rallies to celebrate Modi's contributions. Radhakrishnan also criticized Congress president Mallikarjun Kharge for his recent statements regarding the government.
Indian companies must invest in R&D, move from generics to innovation-led industry: Pharma leaders
Indian pharmaceutical leaders emphasize the need for investment in innovation to transition from generics to innovative products. They highlight the importance of regulatory reforms and a strong ecosystem for research and development. Industry executives mention that the next decade will be critical for this transformation and urge companies to capitalize on scientific talent. Government initiatives are acknowledged as supportive in this endeavor for global competitiveness.
Retailers post high double-digit revenue growth in Q2 despite festive season shift
Retail companies have shown strong revenue growth in the July-September quarter of 2026. Avenue Supermarts Ltd reported an 18.4 per cent increase in standalone revenue, reaching Rs 19,206.18 crore. V-Mart Retail and V2 Retail also reported substantial year-on-year revenue growth during this period. The festive season has shifted by 19 days, impacting sales performance reports across retailers. October to December is expected to capture more festive-led retail demand this year.
The government has raised the wage limit for the Employees' Provident Fund from Rs 15,000 to Rs 25,000 monthly. This adjustment mandates that employees earning under Rs 25,000 join the EPF and EPS schemes. Existing EPS members above this wage threshold will maintain their status, while new entrants wont be obliged to enroll. This reform seeks to enhance social security benefits for workers and their families.
Over 50% rise in wealthy Indians leaving the country; who's the richest NRI? Hurun Rich List 2026
According to the M3M Hurun India Rich List 2026, 156 wealthy Indians now reside overseas, an increase of 54%. Check who the richest NRI is.
Small-cap funds dominate the top-performing active diversified equity mutual fund list in 2026 so far, while mid-cap schemes also feature over longer periods. A comparison of YTD, three-year and five-year returns shows how rankings change across different investment horizons.
Gaurs Group sells 1,088 flats for Rs 1,800 cr in new housing project in NCR
Gaurs Group has successfully sold 1,088 apartments in its new project located on Yamuna Expressway. The total sales amounted to Rs 1,800 crore since the project's launch in early August. This project, named Gaur Alaris, spans over 12 acres in Sector 22D. The strong customer response reflects the potential of the Yamuna Expressway as a residential area.
Central Railway has earned Rs 323.50 crore through scrap sales between April and September 2026, the highest among Indian Railways zonal networks during the period. The revenue came from auctioning old tracks, worn-out sleepers, metal, e-waste and condemned locomotives, coaches and wagons under its Zero Scrap Mission.
FD interest rate hike coming? With rising inflation, many experts expect RBI to hike interest rate
Many financial analysts expect the Reserve Bank of India to increase the repo rate by 25 basis points. This forecast is driven by persistent inflation, soaring crude oil prices, and a depreciating rupee. Should the RBI implement this hike, it could lead to higher fixed deposit returns for investors. Meanwhile, public sector banks continue to offer lower rates, struggling against fierce competition from government securities and small savings schemes.
JioBlackRock Mutual Fund files draft document with Sebi for a gold ETF
JioBlackRock Mutual Fund has filed a draft document with Sebi for JioBlackRock Gold ETF, an open-ended scheme tracking domestic gold prices. The ETF will invest 95-100% in gold and related instruments, with a minimum investment of Rs 500.
NBFCs account for nearly half of small loans while delinquencies stay low
Non-banking finance companies accounted for nearly half of new-to-credit loans below Rs 2 lakh as of June 2026. Their retail delinquency rate remained lower than the overall industry average, reflecting improved asset quality. Monitoring credit positively impacted borrowers' cure rates compared to those who did not monitor. The customer base for NBFCs grew significantly over the last decade, indicating increasing access to credit.
Groww Value Fund among 5 value funds with highest cash holdings. Check details
The top five value and contra mutual funds held up to 16% cash in August, with DSP Value Fund recording the highest allocation. Fund managers may retain cash to meet redemptions and deploy funds when investment opportunities emerge.
Top five conservative hybrid funds delivered SWP returns of up to 9.5% over three years as of September 30, 2026.
Dibrugarh sends first international cargo from Bogibeel to Bangladesh since Independence
A momentous occasion unfolded as the cargo vessel 'DLB Patkai' set sail from Bogibeel Terminal in Dibrugarh, heading to Dhaka. This significant shipment is the first direct trade from Upper Assam to an international market since Independence. Carrying methanol from Namrup, the vessel will embark on a 1,300 km journey to Bangladesh.
First cargo vessel from Dibrugarh to Bangladesh since Independence flagged off
A momentous occasion unfolded as the cargo vessel 'DLB Patkai' set sail from Bogibeel Terminal in Dibrugarh, heading to Dhaka. This significant shipment is the first direct trade from Upper Assam to an international market since Independence. Carrying methanol from Namrup, the vessel will embark on a 1,300 km journey to Bangladesh.
Arijit Singh announces nine-city India tour in 2027
Arijit Singh has confirmed a nine-city tour for January to May 2027 to celebrate his 20 years in music. The tour will include performances in cities like Ahmedabad, Chandigarh, and Mumbai, among others. Each concert is designed with advanced features such as 360-degree audio and visual effects for an immersive experience. Singh stated that he looks forward to connecting with fans and sharing these memorable songs live.
Mumbai-Bengaluru Vande Bharat Sleeper: Indian Railways is preparing to launch its second Vande Bharat Sleeper train, connecting KSR Bengaluru with Mumbai CSMT. The overnight service is expected to cover the journey in under 16 hours, with tentative timings of 10 pm departure from Bengaluru and 10:30 pm from Mumbai. The train will feature AC 3-tier, AC 2-tier and First Class coaches.
Sumitomo Corp picks up 49% stake in Hero group unit
Sumitomo Corporation has acquired a 49% stake in a Hero Future Energies project vehicle that will develop a 500 MW wind-solar-battery project in Karnatakas Bidar district, while HFE will retain 51%. The partnership strengthens Sumitomos renewable energy presence in India and supports HFEs wider 10 GW development pipeline.
India's sunflower oil imports hit four-year low on Black Sea disruption; palm oil rises
Indias sunflower oil imports fell 36% in September to their lowest level in more than four years as the Ukraine war disrupted Black Sea shipments, pushing refiners towards palm oil. Palm oil imports climbed to a seven-month high of 810,000 tonnes as buyers also built stocks ahead of the festive season.
Debt is not a risk-free asset, with duration, credit, liquidity and reinvestment risks varying across investments. Axis MFs Devang Shah explains how investors should approach debt, 7%+ yields and retirement portfolios.
India housing market sees sharper divergence across cities, price band
India's residential property market exhibited stable sales during January-September when compared to the previous year. Major markets like Mumbai, Bengaluru, and Kolkata demonstrated positive trends, while NCR faced a significant decline. Higher-ticket homes are increasingly preferred, with sales of properties priced above Rs 1 crore climbing sharply. Sales for lower-priced segments, however, experienced a downturn, reducing buyers' options.
DGCA's regulatory monitoring not a fresh finding of safety deficiencies: SpiceJet
SpiceJet said that the DGCA's regulatory monitoring should not indicate new safety issues. The airline clarified that safety audits and surveillance are routine actions by the DGCA. It said that previous regulatory reviews have not revealed new safety concerns. SpiceJet's domestic market share fell recently, reflecting its operational challenges. Additionally, the company's shares experienced a decline in late afternoon trade.
L&T CMD bats for longer tenures for heads of public sector companies
S N Subrahmanyan emphasized the need for longer leadership tenures in public sector enterprises to enhance project execution. He suggested a tenure of five years should be instituted for better planning and implementation. This recommendation aligns with the government's increased focus on infrastructure investment, which is expected to reach Rs 12.2 lakh crore. Continued leadership changes are believed to hinder project timelines and quality outcomes.
NPS Swasthya: How the new healthcare savings model works
NPS Swasthya combines a healthcare investment account with a mandatory super top-up health insurance policy.
Central Bank of India posts 30% credit growth at Rs 3.81 lakh cr in Q2
Central Bank of India reported a significant 30 percent credit growth for the second quarter of this financial year. The total advances reached Rs 2.93 lakh crore as of September 30, 2025. Total deposits increased by 14 percent, amounting to Rs 5.08 lakh crore during the same period. The bank's total business also rose by 21 percent to Rs 8.89 lakh crore.
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.
A 57-year-old investor faces Rs 16 lakh LTCG tax after selling land near Jewar airport. Experts suggest verifying the liability before deciding between property reinvestment or diversified equity investments.
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.
