30 C 
Pensioners who rely on the State Bank of India for their pensions have several options to submit their life certificates. Those who are 80 years old or older should do so in October 2026, while others can submit theirs between November 1 and 30. For ease, submissions can be made digitally via the Jeevan Pramaan portal or the UMANG app.
Despite market corrections in September, small and midcap mutual funds recorded strong monthly inflows of Rs 9,038 crore and Rs 7,834 crore respectively. Largecap funds also returned to positive territory with Rs 859 crore in inflows, signaling strong investor confidence and strategic value buying across all capitalisations.
ISM 2.0 to catalyse investments, boost self reliance: NITI Aayog's Abhay Karandikar
India's recently unveiled India Semiconductor Mission phase 2 or ISM 2.0 which focuses on design and Intellectual Property (IP) creation, helping complete the value chain and making the country Atmanirbhar (self-reliant). The new phase is focused on producing semiconductor equipment and materials in India as well as designing full-stack semiconductor intellectual property. The Union Cabinet had also approved the Research, Development and Innovation (RDI) Scheme, aiming to boost private sector investment.
Warren Buffetts investing wisdom: 5 money lessons from his 2004 shareholder letter
Warren Buffett's 2004 shareholder letter offers 5 investing lessons on keeping costs low, understanding businesses, avoiding emotional decisions, choosing simple investments and demanding value. Here's how investors can apply his advice to navigate market volatility and build long-term wealth.
Supreme Court questions govt over drug pricing, asks why cap limited to anti-cancer medicines
The Supreme Court expressed its worry over the government's restriction of price control measures to only anti-cancer drugs, questioning why other vital medications lack similar oversight when sold at exorbitant rates. The Solicitor General emphasized the importance of maintaining a balance between drug availability and market dynamics in determining prices.
Trusting AI with your money is subject to market risks
A UK study found AI models often gave wrong or incomplete answers to financial questions, especially complex ones. Indian investors should verify tax, debt and retirement advice before acting on it.
Husband wanted divorce, citing that they have no children in 19 years of marriage despite her undergoing treatment; Madras HC says childlessness cant be a ground for divorce.
Puravankara inks pact to jointly develop 12.76-acre land in Bengalurus Sathanur
The proposed development, with a saleable area of around 1.90 million sq ft, is expected to strengthen the companys residential development pipeline in Bengaluru and help reinforce its focus on high-potential micro-markets and strategic land additions, the company said.
Ace investor Dolly Khanna trimmed her stake in Chennai Petroleum Corporation by around 3.85 lakh shares in Q2 FY27. The stock has delivered multibagger returns over three and five years, despite recent monthly weakness.
Aditya Birla Health Insurance has partnered with PFRDA to launch NPS Swasthya coverage through its Group Activ Health plan. Eligible NPS account holders can cover themselves, a spouse and up to two dependent children.
Recent speculation on social media suggests that a new GST has been introduced for e-commerce delivery services. However, the Press Information Bureau has clarified that instead, the GST rate has been lowered from 18% to 5%. This amendment was part of the 57th GST Council meeting recommendations, aiming for a standardized tax structure.
Piyush Goyal sees India becoming global car hub as Europes regulations hurt competitiveness
Piyush Goyal stated that automakers in Europe may consider manufacturing in India due to stringent regulations. He remarked that India is on the path to becoming a global car manufacturing hub. Goyal referenced challenges faced by Tata Motors after acquiring Jaguar, highlighting the need for re-engineering. The ministry has set an ambitious target of $1 trillion in exports this fiscal year.
India fastest-growing major steel market; demand to grow 7.9% in 2026: World Steel Association
India's steel demand is projected to grow by 7.9 percent in 2026 and by 8 percent in 2027. This growth is driven by infrastructure projects, manufacturing expansion, and strong real estate demand. Conversely, steel demand in China is expected to experience a decline of 2 percent in 2026, followed by a lesser contraction in 2027.
Early gains wiped out: Nifty slides below 22,400 as IT, FMCG and banking drag markets lower
Bajaj Auto, Dr Reddys Labs and BSE lead gainers on the Nifty 50
India, Vietnam, Thailand emerge as branded residence hotspots as growth hits 200%
Vietnam, Thailand, and India are emerging as key players in the global branded residences market. The growth rate for branded residential projects in India is projected to reach 126% over the next six years. Savills data indicates that Asia-Pacific accounts for 23% of the completed projects worldwide. Consumers are increasingly seeking residences that offer quality, service, and brand credibility. Standalone branded residences are expanding, with urban markets showing notable interest.
Mutual fund SIP inflows hit record 32,490 crore in September; equity inflows rise 31%
Mutual fund SIP inflows hit a record 32,490 crore in September, while equity mutual fund inflows rose 30.6% month-on-month. However, debt fund withdrawals led to net outflows of 1.33 lakh crore for the industry during the month.
Blackouts hit Indian factories as coal crunch feeds into economy
Indian industries and households are grappling with power shortages due to reduced coal supplies and extreme weather conditions. The weak monsoon has limited hydropower generation while demand for electricity has surged. Many factories, including small steel mills, are facing lengthy outages, impacting production and increasing costs. Consumers in states like Uttar Pradesh are experiencing significant blackouts, prompting investments in backup systems.
India wastes 1.8 billion units of renewable power amid shortages and dwindling coal stocks: Report
In July and August, India faced significant curtailment of renewable electricity despite rising power demand. Nearly 1.8 billion units of electricity were turned away due to infrastructure challenges in absorption. Approximately 4.2% of total solar generation could not integrate into the grid during this period. Coal remains the primary electricity source, supplying two-thirds of total demand despite increases in renewable energy.
FIIs cut stakes in 12 stocks in September quarter; shares fall up to 27% in 3 months
FIIs reduced stakes in 36 of 68 BSE 500 companies reporting September-quarter shareholding data. Twelve stocks fell up to 27% over three months as foreign investors trimmed holdings.
Indias office hubs turn into retail hotspots as developers tap captive shoppers
Office clusters in cities like Gurugram and Mumbai are increasingly becoming retail hubs that serve employees. Retail spaces within office developments have surged significantly, catering to rising consumer demand for lifestyle services. Developers are adapting to this shift by integrating retail areas into office structures. This evolution supports the needs of both workers during the week and consumers on weekends.
A forest staffer, Akash Kerketta, helped save a herd of elephants in West Bengal by waving a red flag to alert an approaching Sikkim Mahananda train on the BagdograNaxalbari route. The train pilots responded in time, preventing a possible accident. An IFS officer's post on X praising Kerketta's quick action has won appreciation online, with users calling him an unsung hero.
Sunil Bharti Mittal to receive Frances highest civilian honour from Macron
Sunil Bharti Mittal, founder of Bharti Airtel, will receive the Lgion dHonneur from Emmanuel Macron. This honor recognizes his contributions to India-France economic ties and telecommunications. Mittal's long-standing relations with France began at Airtel's inception in 1992 with Compagnie Gnrale des Eaux. He also serves as Co-Chairman of Eutelsat, enhancing collaborations in satellite communications. The award ceremony will take place at the French Embassy in New Delhi.
Parag Parikh Flexi Cap Fund added 13 stocks and exited The Great Eastern Shipping Company in September. Its portfolio shrank to 33 stocks, while cash, debt, money market instruments and arbitrage positions accounted for 9.77% of holdings.
Uncapped coverage: Is your health policy really unlimited?
Unlimited health plans from Niva Bupa, Care, ICICI Lombard and HDFC ERGO work in different ways, and some retain caps or conditions despite the label. What exactly is unlimited, and what conditions continue to apply when a large claim arrives?
Having health insurance is not the same as being adequately protected
Health cover should evolve with income, family responsibilities and medical needs. The real test is whether insurance, savings and other protection can absorb a serious health event without derailing financial goals.
RPSG Group appoints Harshad Jain as CEO of FMCG business
Harshad Jain will join the RP-Sanjiv Goenka Group as the chief executive officer of its FMCG business. He brings over 35 years of diverse leadership experience in various industries such as aviation and telecommunications. Jain has previously held significant roles at companies including PepsiCo India and Bharti Airtel Ltd. His areas of expertise encompass business transformation, sales and marketing, and profit management.
Restaurants face income tax scrutiny as suspected tax evasion tops Rs 25,000 crore
The income tax department in India has identified significant tax evasion by thousands of restaurants. Approximately 8,000 restaurants showed discrepancies between their earnings and income tax filings over four years. The government aims to improve tax compliance through new measures and data analytics. Authorities previously estimated substantial under-reported income linked to missing sales records. The initiative intends to ensure fair taxation within the restaurant sector moving forward.
The Chenab Rail Bridge and Anji Khad Bridge have strengthened rail connectivity between Kashmir and the rest of India through the 272-km UdhampurSrinagarBaramulla Rail Link. The connection is expected to improve the transportation of apples, cherries and other local products to major markets, ease the movement of essential goods and make passenger travel more convenient through services such as the Vande Bharat Express.
Bajaj Alts raises Rs 950 crore in initial close of maiden real estate fund
Bajaj Alternate Investment Management has triumphantly raised around Rs 950 crore for its debut real estate fund, looking to achieve a target of Rs 2,000 crore with potential extra funding. This fund will specialize in the development of top-tier commercial office properties through strategic partnerships with established developers, capitalizing on the growing demand from Global Capability Centres and significant corporate occupiers in India's market.
Indias smartphone sales face a festive squeeze, but market value rises 5%
The smartphone market in India is projected to experience a 12% decline in sales volumes this festive season. Despite this decrease, the overall market value is expected to increase by 5%. Higher memory costs are driving up device prices, causing consumers to delay upgrades. Financing options and trade-in programs are becoming more crucial to support demand. This trend shows a shift towards premium smartphone replacements rather than first-time purchases.
Joint pain isnt the same for everyone. Should treatment be?
Joint pain is frequently dismissed as an inevitable consequence of aging; however, it may point to significant underlying issues. Symptoms like stiffness and inflammation warrant a consultation with healthcare professionals. Various forms of arthritis necessitate unique treatment approaches, and symptoms can differ from person to person. Maintaining an active lifestyle and a healthy weight is crucial for preserving joint health.
AMFI Data: MF SIP inflows hit record high of Rs 32,490 crore in September
Mutual fund SIP inflows touched a record Rs 32,490 crore in September, rising 11% year-on-year. Equity mutual fund inflows surged 31% month-on-month to Rs 38,306 crore, led by smallcap funds, which attracted a record Rs 9,038 crore for the third consecutive month as the top category. Meanwhile, ELSS funds recorded net outflows for the 14th straight month.
FD rate cut from 7.75% to 3.5%; Delhi HC rejects it
Gold rate today: 24k vs 22k vs 20k vs 18k price
In September, equity mutual fund inflows surged by 31% month-on-month, totaling Rs 38,306 crore. Smallcap mutual funds notably drew in record inflows of Rs 9,038 crore for the third month straight. Conversely, debt funds experienced a considerable outflow of Rs 1.83 lakh crore. Mid cap and flexi cap funds also enjoyed significant inflows, while ELSS funds continued their streak of net outflows for the 14th consecutive month.
Sunil Bharti Mittal to receive Frances top honour
Assam Chief Minister Himanta Biswa Sarma said that the state's 8th pay commission has begun its work, adding that salaries of its government employees would be revised after the committee submits its report.
The Indian stock market saw a downturn as both Sensex and Nifty lost previously gained ground. Market confidence was shaken by ongoing FII selling and increasing bond yields. Tech Mahindra experienced the most significant drop, with shares down nearly 4%. Conversely, the broader market segments like Nifty Midcap 100 and Nifty Smallcap 100 performed well, showcasing resilience amidst the decline in major companies.
Cement prices likely to rise by Rs 10-15 per bag from mid-October: Emkay Research
Cement manufacturers in India are likely to increase prices by Rs 10 to 15 per bag soon. This price hike is necessary to address high input costs, particularly for fuel and packing materials. Market conditions remain favorable, supporting steady demand growth in the sector. Furthermore, private construction projects and upcoming elections are expected to enhance demand over the next year and a half.
Coal stocks at domestic coal-based power plants have been maintained above 18 million tonnes since late September. The Ministry of Coal has reported a significant decrease in the pace of coal depletion in October compared to September. Daily coal supply in October has exceeded planned levels for most days thus far. Increased rake loading has facilitated better coal availability to power plants, ensuring consistency in power generation.
Goa recorded a record 10.8 million tourist arrivals last year and expects visitor numbers to match or exceed that level this year, tourism minister Rohan A Khaunte said. Domestic travel has helped offset weaker international arrivals affected by the US-Iran conflict and flight curbs.
Dearness Allowance is a percentage of employees' pay aimed at helping households manage the increased cost of living. For calculation purposes, it is separated into two categories: industrial and variable DA.
A 40 lakh home loan at 9% instead of 10% could save borrowers 2.63 lakh over 10 years, 6.27 lakh over 20 years and 10.50 lakh over 30 years. Here is a breakdown of monthly EMIs, interest costs and repayment strategies.
Navigating health insurance claims can be tricky, especially when you have multiple policies. If your hospital bill exceeds your coverage, understanding how to leverage both policies effectively is key. Discover the guidelines from IRDAI, the claiming process, and essential tips to avoid common pitfalls when filing claims with two insurers.
The Mirae Asset NYSE FANG+ ETF FoF has delivered an impressive five-year CAGR of around 39%, clearly outpacing its peers, particularly during the US tech stock surge. However, 2022 marked a considerable downturn for the fund, prompting experts to recommend caution with international investments, given rising premiums and fluctuating markets. For optimal long-term outcomes, investors should consider a well-balanced domestic equity portfolio.
India's battery energy storage sector set for 91% growth to 302GWh by FY32E: Nuvama
India's Battery Energy Storage System (BESS) sector is projected to register a compound annual growth rate (CAGR) of 91 per cent between FY26 and FY32E, according to a recent report by Nuvama. The expansion reflects a critical infrastructure cycle designed to support renewable integration, grid balancing, and round-the-clock power requirements across the country.
Salons double festive makeover prices as Navratri demand surges, costs rise
Salons and services apps have increased their prices significantly due to a surge in demand for festive services. The rise in costs is attributed to factors including supply chain disruptions and high taxation. Consumers are booking elaborate packages for festivals like Navratri, resulting in doubled prices compared to last year. Chain salons and beauty platforms are expanding their offerings and pushing private labels during this festive period.
BPCL Share Price Live Updates: BPCL's Current Market Position
Nifty 14% below its peak, but Motilal Oswal says profits are set for fastest growth in 17 quarters
Best tax saving mutual funds or ELSS to invest in October 2026
Tax saving mutual funds or ELSSs invest in stocks. Therefore, they have a very high risk. You should be aware of this aspect, especially if you are a first-time investor in equity mutual funds. Compared to your usual investments like Public Provident Fund or National Savings Certificate, etc, ELSSs do not offer guaranteed returns. You may even suffer losses in a bad market.
Bajaj Auto Share Price Live Updates: Bajaj Auto's Positive Trend in Market
Instant loan, instant regret? What to check before you tap apply on a loan app
Gold and silver prices today, 12 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.
Titan Company Share Price Live Updates: Titan Company stock price drops slightly
Tata Motors PV Share Price Live Updates: Tata Motors PV News
Power Grid Share Price Live Updates: Power Grid's Current Trading Status
Tata Consumer Share Price Live Updates: Tata Consumer Stock Price and Performance Metrics
Hindalco Share Price Live Updates: Hindalco Stock Details
Bajaj Finance Share Price Live Updates: Bajaj Finance Sees Minor Price Increase
Eicher Motors Share Price Live Updates: Eicher Motors' stock price rises amid market fluctuations
8th Pay Commission: DA rise over past few years fuels demands for higher fitment factor
8th Pay Commission: Demands for a higher fitment factor as Dearness Allowance (DA) rises to 60%. Here is what employee unions are seeking regarding salary revisions, minimum basic pay, DA merger and pension changes.
Delhi weather today: Airport issues passenger advisory amid heavy rain, check flight status here
Delhi weather today: Flight operations at Delhi Airport remained normal despite the heavy rain and thunderstorms affecting the national capital. The India Meteorological Department predicted adverse weather conditions, including waterlogging and possible traffic disruptions. Passengers were advised to check with their airlines for flight information and updates. Maximum temperatures are expected to stay between 31 and 35 degrees Celsius in the coming days.
Delhi Metro shuts 6 stations amid Congress' call for protest march
Entry and exit will remain closed at six Delhi Metro stations from 6 am to 4 pm. This action is taken due to security concerns amid a planned protest by Congress. The Delhi Traffic Police has warned of traffic disruptions and road diversions throughout Central Delhi. Commuters are advised to plan their journeys accordingly, considering possible delays. Security agencies will review the situation during the day and provide necessary updates.
Diwali Sale 2026: How to save on fridges and ACs
Online sales of big appliances are growing at 25% as the festive sales begin. With prices rising and bank offers everywhere, here is how to decide where to buy, and which card can cut your bill.
Good time to increase equity allocation: UTI AMC CEO
Vetri Subramaniam took over as Managing Director (MD) and Chief Executive Officer (CEO) of UTI Asset Management Company in February this year. In this discussion with Sanket Dhanorkar, he shares his market outlook and the fund houses strategy to improve performance.
How to prepare for a market crash after retirement
Four retirees tell us how they planned for a market fall long before it came.
How IRR reveals the real impact of investment timing
The timing of investments and withdrawals can change investment returns. IRR helps measure that impact.
GST reforms: Simpler compliance, lower litigation
The latest changes proposed by the GST Council will help cut costs and ease cash flow for companies.
Sebis colour-coded Credit Risk-o-Meter for bonds
Sebi has mandated a new colour-coded Credit Risk-o-Meter for all debt securities. This tool aims to provide transparent risk assessment to investors prior to investments. It categorizes risk levels with distinct colors representing credit ratings. Additionally, issuers must comply with standardized disclosures regarding unsecured bonds. This initiative is expected to enhance investor understanding and facilitate informed decision-making in the bond market.
India vs US: How parents plan for retirement
In the US, parents tend to protect their assets for their own use in retirement, and choose to not spend it disproportionately on their childrens education or marriage. In India, there is a clear understanding that the assets accumulated by parents will be bequeathed by their children, for many of whom it is a major wealth transfer.
Visa rejection: Will travel insurance reimburse you?
Some insurers now reimburse visa fees if your application is rejected. But modest payouts, exclusions and multiple conditions can limit the covers value.
Does office critical illness cover suffice?
The distinction matters for how HR teams design the benefit. A fixed benefit CI policy addresses income replacement and non medical costs that a health insurance policy does not cover, e.g. months of lost salary and family support during recovery. An indemnity CI policy addresses treatment cost coverage for critical conditions specifically.
Asset allocation 2026: Gold holds top spot
Welcome to TrendMap, your guide to the performance of different investment segments. In this edition, we present a 10-year performance tracker of various asset classes. By Sameer Bhardwaj
SIFs explained: How they differ from MFs, PMS, AIFs
Cutting through money jargon, one topic at a time. This week, Sanket Dhanorkar explains what are specialised investment funds and how they differ from other investment products.
Mutual funds close in on FPIs in Indian equity ownership
With Indian mutual funds now holding 11.7% of domestic equities, they have overtaken foreign portfolio investors, whose share has plunged below 14% since May 2021. This emerging trend showcases the increasing influence of local investors, particularly in Nifty 500 companies. Moving forward, any revival in foreign investment will likely depend on corporate earnings bouncing back and navigating competitiveness in the broader Asian landscape.
Assessing products to counter side effects of GLP-1, says Bayer's Triana
Bayer AG plans to expand its consumer health business in India significantly by 2030. The company aims to triple its revenue in the Indian market during this period. Bayer is specifically targeting opportunities in digestive health, nutrition, and multivitamins related to GLP-1 drug side effects. Additionally, Bayer will develop products locally and seek manufacturing partnerships to enhance their market presence.
If your portfolio is in the red, a narrow focus on Indian equities and mutual funds could be one reason. Comparing returns across Indian and US equities, gold, real estate, and debt over different periods shows why diversification matters and how market leadership changes over time.
JSW Energy, Gemstar & Actis vie for Polaris smart metering
As Polaris Smart Metering progresses to the next phase of its sale, several shortlisted bidders, such as Actis, JSW Energy, and Gemstar Infra, have wrapped up due diligence and are on the verge of submitting binding bids. The estimated value of this deal lies between 1,800 crore and 2,000 crore.
Roche calls for global healthcare overhaul to tackle disease burden
Roche highlights the urgent need for a transformation in global healthcare to effectively tackle chronic diseases. Jorg Rupp pointed out that existing healthcare infrastructures are largely reactive, falling short in proactively addressing the rise of non-communicable diseases. This burgeoning issue not only challenges health systems but also imposes heavy financial demands. Governments must begin viewing healthcare as a crucial investment aimed at enhancing health outcomes.
Have Money, Will Buy! Festive online sales off to fine 'premium' start
During the festive season, demand for premium goods has seen significant growth on e-commerce platforms. Sales have increased by 40% compared to last year, driven by consumers upgrading their purchases. Quick-commerce platforms have also experienced higher transaction values, particularly in urban areas. While mass-market demand has softened due to rising prices, premium products continue to perform well.
Uday Shankar highlights that India's sports industry presents substantial long-term investment opportunities, particularly in cricket and others. He urges potential investors to adopt a longer timeframe beyond five years for returns. Shankar also notes that while cricket remains dominant, other sports are gaining significant audiences as well. The challenges include rising media-rights costs and competition with technology platforms. Furthermore, simplifying cricket formats could enhance viewer enjoyment and excitement over time.
FMCG majors in race for big bite of snacks brand Farmley
Multiple FMCG companies are expressing interest in acquiring stakes in the healthy snacking brand Farmley. A group of early investors with a 31% stake is looking to sell their shares. Founders Akash Sharma and Abhishek Agarwal currently hold a 32% stake in the company. Farmley successfully pivoted from a B2B business to a consumer-facing D2C brand in 2021.
Carlsberg India told to close Alwar unit over pollution breach ahead of $700 million IPO plans
Carlsberg India's operating consent for its Alwar brewery was revoked due to high particulate emissions. The brewery's pollution levels were reported to be eight times above the limit allowed. As a result, the company has been ordered to shut down the facility immediately. This closure could impact supplies in Rajasthan but occurs after peak summer season sales.
Banks may explore easier forex hedging amid RBI curbs
The Reserve Bank of India has implemented fresh regulations that drastically reduce the maximum limit for dollar forward transactions by corporates from $100 million to just $5 million, imposing more stringent documentation requirements. To ease compliance, companies may consider classifying contracted exposures as anticipated exposures. This regulatory shift aims to enhance management of exchange rate risks in light of volatile market conditions, sparking ongoing industry dialogues about its practical impacts.
Embark on a picturesque train ride through the stunning Nilgiri hills, traveling from Coonoor to Ooty. Affordable ticket options include a second-class ticket for Rs 85 and online purchases for Rs 150. For those desiring a touch of luxury, first-class tickets are around Rs 300. This shorter route boasts breathtaking scenery, making it a favored choice for travelers seeking unforgettable experiences.
New draft steel policy targets 604 million tonnes capacity by 2047
India has unveiled a new draft national steel policy targeting 604 million tonnes capacity by 2047. The initiative also aims to increase exports to 45 million tonnes in two decades. Measures will focus on reducing carbon emissions and promoting technology indigenisation in steel production. Infrastructure development will be emphasized alongside research, safety, and workforce improvements.
