25 C 
Gold and silver prices fell 1% and 2.64%, respectively, in Kolkata on 3 November. Check the latest retail rates across gold purities and silver categories in the City of Joy, along with recent price trends, as buyers prepare for Dhanteras and Diwali 2026.
Advait Energy Transitions Q2 profit jumps 89% to Rs 19.18 crore; revenue rises 41%
Advait Energy Transitions has reported an 88.5 percent increase in net profit for the quarter ending September 30, 2026. Revenue for this period rose 40.8 percent, reaching Rs 220.9 crore, driven by strong demand for power transmission solutions. The company also experienced substantial growth in its consolidated revenue for the first half of FY27.
India weighs new oil manoeuvre as old routes get jammed
The West Asia war has forced India to look at energy security through a new, different lens. The oil issue, for India, has now gone from being a procurement issue to being a test of economic resilience. That has compelled the govt to rethink how it sources, transports and stores the fuel that powers its economy.
HIghest FD interest rate: Punjab National Bank and Canara Bank have updated their fixed deposit interest rates effective from November 2026. Bank of India also revised its fixed deposit interest rates recently with competitive offers.
MSCARO and ICAI build guardrails for multi-state cooperatives aspiring to become banks
Bangalore gold and silver prices: Gold and silver prices declined in Bangalore on 3 November 2026, tracking weakness in the domestic bullion market. Check the latest rates for different gold purities and silver categories in India's Silicon Valley.
Matcha moment: A Japanese tea brews up a $96 million flavour in India
Matcha tea market India: The country's matcha market is set to expand, with projected revenue growth from $45.7 million in 2025 to $96.4 million by 2033. Caf chains like Tata Starbucks are already seeing increased sales from matcha products, catering to evolving consumer preferences. Instagram and social media have played a significant role in the rising popularity of matcha drinks and recipes.
Senior citizen FD rates: These banks offer up to 8.50% interest on 5-year deposits
Want to give back this Diwali? Here's how to find causes that matter
Diwali is a time for giving, but finding credible organisations can be daunting. Here's how to identify genuine causes, choose how to contribute and plan your donations.
Our gaming talent pool is PUBG maker's next big bet
Gold vs silver ETFs: Which metal offers better opportunity for investors this Diwali?
During the festive season of Diwali, savvy investors often gravitate towards gold and silver seeking security. Experts recommend evaluating personal investment goals to decide on gold, known for its stability, or silver, which presents higher risks but potential for greater returns. Recent data shows gold ETFs delivered 9.22% returns, while silver ETFs outperformed with 14.05%. A balanced approach within your portfolio can lead to sustainable wealth amidst market fluctuations.
SBI Research indicates that eliminating the long-term capital gains tax may lead to a modest revenue decline, estimated to be between Rs 40,000-50,000 crore for FY28. The suggested reforms involve raising the exemption limits and introducing lower tax rates based on extended holding durations. Furthermore, an increase in the Securities Transaction Tax is expected to help mitigate some revenue losses, thereby fostering foreign investment and enhancing market confidence.
Trident shares rallied 13% after the company reported a 93.1% year-on-year rise in Q2 FY27 net profit to Rs 175.50 crore. Improved EBITDA and margins supported earnings growth, while the company announced a Rs 4,650-crore capacity expansion and modernisation programme.
Rising interest rates: should you borrow or delay festive season purchases?
Looking ahead, we can be almost certain of additional increases in repo rates and the consequent hikes in cost of loans. We should factor in the uncertainties while making decisions around our future financial commitments.
Apple Inc's revenue hits all-time India high in September quarter
Apple Inc achieved significant revenue growth in India during the September quarter, driven by rising demand. The company's sales of iPhones, Mac computers, and services reached record levels across various markets. Initial sales of the newly launched iPhone 18 Pro series in India exceeded those of the previous model by nearly 20%.
Life Cycle Funds explained: How SEBIs new target-date mutual funds work in India
SEBI introduced Life Cycle Funds in February 2026. Learn how the glide path works, the allocation bands, exit loads, tax benefits and who should invest.
Sitharaman highlights need for banking reforms to meet modern financial requirements
Top 10 mutual funds to invest in November 2026
ETMutualFunds decided to put out a list of top 10 mutual fund schemes. We have chosen two schemes from five different equity mutual fund categories - aggressive hybrid, large cap, mid cap, small cap and flexi cap schemes which we believe should be enough for regular mutual fund investors. There are caveats: read till the end to ensure you are picking up the best scheme for you.
Following the RBI's October 2026 repo rate hike, how do FD interest rates stack up now? Find out which banks are offering the highest returns and how PSU bank rates compare with private lenders.
In this edition of ETMarkets Fund Guide, we decode the flexi-cap category with Raunak Onkar, Fund Manager and Research Head at PPFAS Mutual Fund, who manages assets of over Rs 5 lakh crore.
Tata Steel Share Price Live Updates: Tata Steel's Current Market Position
NTPC Share Price Live Updates: NTPC's Market Update
HDFC Bank Share Price Live Updates: HDFC Bank's Performance Overview
Maruti Suzuki Share Price Live Updates: Maruti Suzuki's Current Market Price Insights
IndusInd Bank Share Price Live Updates: IndusInd Bank Price and Returns Overview
Cipla Share Price Live Updates: Cipla's Stock Performance Overview
Grasim Inds Share Price Live Updates: Grasim Industries Current Trading Price
UPL Share Price Live Updates: UPL Breaks Above 20-Day EMA
ONGC Share Price Live Updates: ONGC's Price Movement Today
Adani Ports SEZ Share Price Live Updates: Adani Ports SEZ Stock Update
The RBI has simplified EDF compliance for resident individual service exporters and introduced a 10 lakh threshold for other exporters. It has also revised IDPMS reporting requirements for service imports. Here's what the new FEMA amendment means for freelancers and other exporters.
The power of signature IPs: A new way for B2B brands to reach decision-makers
Learn how signature IPs, including industry summits, executive programmes, awards and exposure, help B2B brands to engage key decision-makers, deepen industry relationships and open up new business opportunities by connecting with the right audience through targeted, business-focused platforms.
Small & midcap funds remain top bets for investors in first half of FY27
During the first half of FY27, mid-cap funds received
Dip in gold puts sparkle back in festive buys
Cement companies bet on price hikes to revive profitability in H2
Cementmakers in India are experiencing a weak first half of the fiscal year due to rising costs. They expect price increases and seasonal construction activity to improve profitability. Price stability is noted after recent increases, which may help offset costs. Cement prices have risen and are expected to stay high in the coming months. The market leaders remain optimistic about further price improvements in the near future.
Irdai tightens ESOP norms, share transfer rules for insurers
Irdai has implemented stricter rules regarding employee stock option plans for insurance companies to regulate ownership stakes. Senior executives and directors must seek approval to exceed prescribed shareholding limits under these plans. Insurers are required to monitor direct and indirect share allotments to prevent regulatory breaches.
Zero-sugar drinks hit the sweet spot as sales double for PepsiCo and Coca-Cola in Sept qtr
During the July-September 2026 quarter, consumer demand for zero-sugar and low-sugar beverages significantly increased across India. PepsiCo reported that sales of its low-sugar drinks doubled, while Coca-Cola also experienced similar gains. Higher sugar prices this year prompted many consumers to shift away from sugary drinks. Companies are prioritizing the production of low-sugar beverages to meet the rising market demand.
Aditya Birla Lifestyle bets on festive demand
HC restrains NPPA from action against AstraZeneca
A peek inside Indias first Bullet Train
Law firms draft special teams to help GCCs navigate India terrain
According to the NASSCOM-Zinnov report, India's GCC sector now comprises 2,117 active GCCs across 3,728 units, employs approximately 2.36 million professionals and is projected to generate $98.4 billion in market revenue in FY2026.
Airlines seek govt support to protect Mumbai Airport slots
Airlines at Mumbai airport are urging civil aviation ministry intervention regarding proposed capacity reductions planned for next April. Operator Mumbai International Airport Ltd intends to shift part of its international flight schedule to Navi Mumbai International Airport. While some airlines have consented to the changes, others seek more time to adapt to the new airport's infrastructure.
Railways orders 9,638 more wagons
Clean energy investment helped India weather global energy crisis: PM Modi
Prime Minister Narendra Modi stated that India's investments in clean energy have mitigated severe external shocks. He announced an ambitious target of adding 500 GW of new non-fossil energy capacity within the next decade. Modi emphasized the importance of energy security in relation to economic stability.
Institutional investors are now allocating more funds to private credit, significantly from insurance companies and pension funds. Neo Alternative Asset Managers has seen its second fund receive 22-25% contributions from these investors. Ascertis Credit's fourth fund also attracted commitments exceeding $700 million from multiple institutional investors. With increased interest in private credit, annual investment opportunities are now estimated around 1 lakh crore.
Domestic banks are beginning to increase their deposit rates due to shrinking liquidity conditions in the market. Bank of India recently announced a rate hike on deposits for various maturities, including a special 500-day option. This decision reflects the growing cost of deposits in the banking system as demand for credit rises. Banking system liquidity has significantly decreased from its peak in early September.
TVS-owned Norton unveils 450 cc urban bike to win a new generation of riders
Norton Motorcycles has announced a new 450 cc urban motorcycle set for launch in 2027. The motorcycle features a liquid-cooled engine and advanced connectivity options. It follows the introduction of four new-generation motorcycles presented at EICMA 2025. Additionally, Norton plans to expand its retail network internationally, including new entries in India and the United States.
Reliance expands Independence range with 9 variants
Maharashtra FDA suspends 19 food licences; acts against Patanjali distributor over 'adulteration'
In a recent operation, the Maharashtra FDA suspended licenses of 19 food business operators for violations. They seized food articles worth over Rs 9 crore across multiple divisions in the state. This included significant amounts of Patanjali cow ghee found to be misbranded and adulterated. Further, the FDA registered FIRs, arrested several individuals, and sealed multiple establishments for serious hygiene issues.
Life Cycle Funds automatically shift investments from equity to debt as the target date approaches. Here is how these mutual funds work, who should invest, how to choose the right maturity period and the risks investors must consider.
Marico reported a significant expansion in gross margins due to a 35% decrease in copra prices. The company achieved a 27% year-on-year growth in consolidated EBITDA, indicating strong profitability. While Parachute volumes grew, revenue growth was limited primarily due to prior price reductions. Marico cautioned about ongoing inflation in crude-linked derivatives and vegetable oils impacting future margins.
Telcos to face up to Rs 20 lakh fine per quarter per circle for complaint redressal lapses
Telecom Regulatory Authority of India has introduced new rules for telecom operators and internet providers to enhance complaint redressal. These providers will face penalties up to Rs 20 lakh if they fail to resolve consumer complaints quickly. The rules require complaint centres to operate 24 hours with human representatives available for assistance. Consumers will now have a shorter time frame of 15 days to appeal complaint resolutions.
Petronet LNG faces arbitration as vessel owners seek Rs 625 crore in dues
Three owners of LNG vessels are pursuing arbitration against Petronet LNG for Rs 625 crore in unpaid dues. The vessels have been largely idle since March 2 due to disruptions related to the Iran war. Petronet LNG reported a 53% rise in profit for the July-September quarter despite a decrease in operational revenue.
India's income tax filing data reveals five changing money trends: more Indians are earning beyond salaries, young taxpayers are filing complex returns, low-income earners are reporting diverse income sources, young investors are reporting losses and retirees continue investing.
What makes Pune Metro's Pink Line so special?
ITC flags illicit trade pressure on cigarettes; digital-first businesses grow over 70%
ITC Ltd has reported a significant increase in its digital-first and organic FMCG portfolio, achieving over 70% year-on-year growth. However, the company is facing considerable pressures due to rising illicit cigarette trade and increased taxation impacting legal volumes. The fresh food segment has also expanded significantly, reflecting ITC's focus on organized markets. Additionally, challenges in West Asia have disrupted agricultural exports, although value-added products showed better performance.
Jupiter Wagons bags Rs 324 crore orders from GATX India and Chetak International
Jupiter Wagons Ltd has obtained private sector orders worth over Rs 324 crore for automobile carrier wagons. GATX India issued a Letter of Intent for 10 rakes valued at Rs 214.94 crore. Chetak International placed an order for five rakes worth Rs 109.10 crore. The company highlights strong demand for its new ACT2 wagon platform among private operators.
DMRC announces 20 additional trips on weekdays
Gold and silver prices declined in the latest IBJA evening fixing on 2 November. 24K gold fell 2,530 to 1,37,524 per 10 grams, while 22K gold dropped to 1,25,990. Silver prices declined 1,372 to 1,79,972 per kg.
The proposal has brought the taxation of investment profits into focus, particularly the rules governing gains earned from selling shares and other financial assets.
Yoga Bar maker Sproutlife Foods to merge with ITC; board approves scheme
ITC Ltd has received board approval for a scheme to merge Sproutlife Foods into its operations. This move is designed to streamline business processes and enhance value creation for ITC. Sproutlife, focusing on health-centric food products, achieved a turnover of Rs 451.71 crore in FY26. ITC clarified that no new shares will be issued in this merger, set to be effective from April 1, 2026.
A parliamentary panel raised concerns over high airfares during discussions with IndiGo and Air India officials. Rising Aviation Turbine Fuel prices and the closure of Pakistan airspace were cited as major factors. IndiGo reported significant losses in the September quarter due to these issues, alongside challenges faced by Air India. The meeting also reviewed aircraft security and global aviation practices in India.
The Centre's 3% DA hike from 60% to 63% can increase retirement gratuity for central government employees by up to 50,000. However, the actual benefit depends on basic pay, qualifying service and the 25 lakh gratuity ceiling.
Union Finance Minister Nirmala Sitharaman acknowledged concerns from investors regarding potential tax changes to support equity markets. She emphasized that while taxation is vital, India's economic indicators remain robust and positive. Sitharaman highlighted the necessity for capital expenditure to sustain economic growth and fiscal prudence. On welfare, she noted significant improvements in access to essential services contributing to decreased poverty levels.
India's renewable sector attracts investments worth $67 billion in last 2 years: Pralhad Joshi
The sector is growing at a fast pace in India and will play an important role in meeting the country's future power demand, the Minister for New and Renewable Energy (MNRE) said while addressing the Bharat Renewable Energy (BRE) Summit & Expo 2026 in the national capital.
NBCC to build world's largest Maharana Pratap statue in Rajasthan's Haldighati
NBCC Ltd will create the world's tallest statue of Maharana Pratap in Haldighati, Rajasthan. The project is part of a Rs 168 crore tourist circuit to promote the region's historical significance. A world-class museum will showcase the legendary warrior and his horse, Chetak. An immersive projection show will highlight the historical events from the Battle of Haldighati. The circuit aims to enhance Haldighati's appeal as a heritage and tourism destination.
Nissan Motor Indias October sales fall 14% as exports drop 35%
Nissan Motor India reported a 14 percent decrease in total sales during October, reflecting weak exports. The company achieved a significant domestic sales increase of 50 percent compared to last year. Total vehicle dispatches fell to 8,310 units from 9,674 units in the previous period. Exports dropped sharply, declining by 35 percent to 4,710 units. The managing director highlighted ongoing customer confidence and focus on enhanced ownership experiences.
IndiGo to consider hedging fuel as it ventures on long haul routes
IndiGo is evaluating the possibility of hedging fuel costs as it plans for long-haul international operations. The airline's planned introduction of the Airbus A350 aircraft will enhance its overseas expansion strategy. Despite previously avoiding fuel hedging, management is now reassessing this approach in light of market competition. IndiGo's dominant position in the domestic aviation market facilitates its long-term growth aspirations.
ITR deadline pushed to November 21 for audit cases: What it means for businesses and taxpayers
The revised deadline is expected to provide relief to taxpayers dealing with multiple compliance obligations, particularly those requiring additional time to complete audits, reconcile financial records and verify tax-related information before submitting their returns.
Apple plans major iPad refresh in 2027: Report
Ambuja Cements to invest Rs 14,500 crore to add 30 million tonnes capacity by FY30
Ambuja Cements will invest Rs 14,500 crore to increase its cement production capacity significantly by FY30. The company aims to boost its capacity from 125 million tonnes to 155 million tonnes over the next few years. This expansion will improve efficiencies and reduce manufacturing costs while targeting new markets. Adani Cement will also contribute to the overall capacity increase through new production facilities.
India once had no LTCG tax: How income tax rules on LTCG, STCG and STT changed over the years
Indias capital gains tax regime has undergone several changes over the decades, from its abolition in 1949 to the removal of LTCG tax on listed equities in 2004 and its reintroduction in 2018.
TajGVK Hotels & Resorts rebranded as Krishna GVK Luxury Hotels
TajGVK Hotels & Resorts Limited has been rebranded as Krishna GVK Luxury Hotels Limited after a recent ownership change. The company was formed in 1995 as a joint venture between the GVK-Bhupal family and IHCL. As IHCL sold its entire stake in December 2025, the GVK-Bhupal family now fully owns the hotels. The hotel brand will remain Taj, operated by IHCL through management agreements.
How a SIP calculator can help investors assess the impact of selling investments to fund an IPO
As investors contemplate selling current holdings to finance new IPO subscriptions, they must remain focused on their long-term financial aspirations. A SIP calculator can serve as a valuable tool to project potential outcomes of these financial maneuvers. Diligently assessing available funds against essential living expenses and obligations is crucial. Additionally, it's important to evaluate the true purpose behind each investment to ensure long-term goals are not compromised.
SEBI has proposed scrapping LTCG tax on foreign equity investments and offering tax relief to domestic mutual fund investors switching schemes. The recommendations have been submitted ahead of Budget 2027 and await government approval.
Mindspace REIT leases 1.6 million sq ft in Q2, NOI rises 31.9%
The Real Estate Investment Trust (REIT) has also leased around 0.6 million sq ft at its newly acquired Chennai assets since acquisition. A large transaction covering around 0.5 million sq ft was signed at One Radial with a European banking, financial services and insurance (BFSI) global capability centre (GCC).
Govt moves to resolve Scotch tariff dispute under UK trade pact, sources say
India has assured industry executives that it will honor the trade pact with Britain regarding Scotch whisky tariffs. Ongoing investigations into bulk Scotch imports are expected to result in a resolution. Commerce Secretary Rajesh Agrawal detailed steps to address concerns over duty concessions for bulk imports. The disagreement centers on customs classifications affecting the whisky industry significantly.
Mutual funds increased their holdings in six stocks for four consecutive quarters through September 2026. KFin Technologies led with a 14.5-percentage-point rise, followed by Rainbow Children's Medicare, Indus Towers, Timken India, SBI Cards and Mahindra & Mahindra.
Bank of India latest FD interest rates: Effective November 2, 2026, Bank of India has revised its fixed deposit interest rates across various terms. A new option, the 500-day BOI Akshay Deposit, has been introduced with attractive rates specifically for senior and super senior citizens. Regular depositors can enjoy a competitive interest rate of 6.85%. With a minimum investment amount set at Rs 10,000, this offers a great opportunity for secure savings.
Severe Cyclone Murasu: 19 flights cancelled across 3 Andhra airports
Severe cyclonic storm Murasu is expected to impact Andhra Pradesh, resulting in significant flight cancellations. At least 19 domestic flights have been canceled across Vijayawada, Tirupati, and Visakhapatnam airports. Major airlines such as IndiGo and Air India Express have announced several flight cancellations. The storm is anticipated to cross the Andhra Pradesh coast during the night between November 2 and November 3.
Planning to buy gold this Dhanteras? Compare jewellery, coins, gold ETFs and Sovereign Gold Bonds on making charges, GST, liquidity, resale costs and taxation to understand which option is more cost-effective for investment.
Stand-off over co-pilot rule: Helicopter operators suspend Char Dham services, talks on Nov 4
Earlier in the day, a meeting was held between the representatives of operators, the Directorate General of Civil Aviation (DGCA) and UCADA over the suspension. A senior UCADA official told PTI on condition of anonymity that during the meeting, the government proposed to mandatorily implement the co-pilot rule from next year as part of the annual registration process for charter operators plying on Char Dham routes.
Wockhardt expands novel antibiotic Miqnaf's access; Q2 revenue rises 24%
Wockhardt has expanded its marketing access for Miqnaf in India following the removal of a supply condition. The company's biotechnology sector recorded significant revenue growth, indicating strong demand for its products. Zaynich received US FDA approval for complicated urinary tract infections, serving as a milestone for Indian pharmaceuticals.
The changing C-suite: How finance and HR leaders are driving business transformation
CFOs and CHROs are moving beyond traditional responsibilities to become strategic business partners. The discussion explores how finance and HR leaders are navigating uncertainty, driving technology adoption, building organisational resilience and aligning financial and people strategies with sustainable growth.
8th CPC: 6 key demands by Railway employees body
PM Modi to inaugurate Pune Metro projects worth Rs 21,800 crore
Prime Minister Shri Narendra Modi will inaugurate and lay the foundation stone of Pune Metro projects. The inaugurated Pink Line will connect Hinjewadi IT Hub and Shivajinagar, helping commuters access employment centers. Additionally, the new Phase-II will include several metro lines at an estimated cost of 13,500 crore. These developments aim to improve urban mobility and reduce traffic in Pune.
Navi Mumbai airport presents big opportunity for IndiGo, says CEO Willie Walsh
IndiGo sets its sights on enhancing its international long haul network by shifting some flights to Navi Mumbai airport. Willie Walsh, the airline's CEO, sees this as a pivotal move for future growth. Despite opposition from other foreign carriers, IndiGo is undeterred, viewing Navi Mumbai as an essential opportunity as Terminal 1 of Mumbai airport undergoes renovations next year.
PSU oil firms float tender to buy 150 mn litres of biodiesel at Rs 88/litre
New Delhi, Nov 2 (PTI) Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation have invited bids to procure 150 million litres of biodiesel for three months beginning in November, setting a base price of Rs 88 per litre as state-run oil companies step up purchases of the renewable fuel. The three oil marketing companies (OMCs) are seeking supplies of 1,50,000 kilolitres of biodiesel, or B100, for November 2026-January 2027, according to a joint tender issued on October 30. Bids are due by November 7. The procurement covers biodiesel manufactured from used cooking oil (UCO) and other feedstocks, including
Airtel's Gopal Vittal re-elected until 2028
How jewellers calculate your gold jewellery price
