24 C 
Fairfax Financial likely to exit IIFL Finance, sources say
Canada's Fairfax Financial Holdings intends to divest its nearly 11% stake in IIFL Finance soon. The sale aims to raise funds for acquiring a significant stake in IDBI Bank from the Indian government. Fairfax's current share in IIFL Finance is valued at approximately 30 billion rupees, or $320 million. Additionally, Fairfax is attempting to improve its stake in IIFL Capital through an open offer.
Indian Overseas Bank has revised its fixed deposit interest rates, effective from November 10, 2026. Senior citizens can avail an additional interest rate, as well as super senior citizens.
India needs suitable evaluation matrix for awarding exploration and mining projects: NITI CEO
NITI Aayog CEO Anurag Jain underscored the development of an evaluation matrix for gold mining projects. The focus is on promoting technical competence and sustainable development of gold resources in India. Discussions revolved around improving geological data and regulatory approvals within the mining sector. The meeting also addressed the country's growing dependence on gold imports and limited exploration efforts.
Air India is making progress in its multi-year transformation, focusing on customer experience and operational improvements. Singapore Airlines reported lower losses from associated companies, primarily Air India, aiding financial performance. The airline group faced challenges due to elevated jet fuel prices impacting profitability during the first half. Despite this, Singapore Airlines reported improved performance in the second quarter amid record revenues.
HDFC Bank has raised its MCLR by 515 basis points across all seven tenures, effective November 7. Check new rates here.
Life insurers post 26 pc growth in new business premiums to Rs 42,914 crore in October
New business increased to Rs 42,914 crore in October this year, compared to Rs 34,007 crore in the corresponding month last year, according to data released by the Life Insurance Council.
7 schemes offering 7.5% or higher interest rates: SCSS, NSC, RBI floating rate bond
NRI Financial Planning: Banking Solutions for Managing Money in India
Non-Resident Indians (NRIs) may have financial commitments in India while earning and living abroad. These include rental income, family expenses, property payments and investments. Suitable banking arrangements help organise domestic and overseas finances. Understanding account types is an important step towards managing money across countries. Understand the two main account types An NRE savings account [] The post NRI Financial Planning: Banking Solutions for Managing Money in India appeared first on NorthEast Now .
Acceleration in clean technology needed to ensure decline in world's emissions: Study
Adopting clean energy solutions such as solar, wind, and electric vehicles can play a pivotal role in lowering carbon emissions. The Global Carbon Project highlights a concerning forecast of rising emissions in India that may exceed earlier predictions. While many nations are successfully decreasing fossil fuel emissions, a rapid shift to cleaner energy sources is critical, as our carbon budget is narrowing, demanding immediate action to meet 2028 emission goals.
Karnataka plans feasibility studies for 1,500 MW floating solar capacity
Karnataka is currently exploring the establishment of floating solar power projects aimed at generating 1,500 MW capacity. The initiative includes conducting feasibility studies and surveys for suitable reservoirs and water bodies. KPCL will evaluate technical aspects and environmental impacts as part of project preparation. This project reflects the state's commitment to innovative renewable energy solutions while optimizing land and water resources.
How investors in India can compare forex investing spreads, execution, spreads, and hidden fees
An easy guide on understanding real investing costs, fund transfers, and platform performance across international investing brokers.
Beyond Business: The Leadership Philosophy of T. Kishan Singh
T. Kishan Singh highlights the influence of his father's dedication on his professional journey in the paper industry. He stresses the role of sustainable practices and customer relationships for long-term business success. Health and fitness are prioritized as essential elements for effective leadership and overall well-being. Singh shares that consistency and resilience are vital in navigating challenges, both personally and professionally.
Adani Ports can absorb Evos deal costs
New Delhi: Adani Ports and Special Economic Zone will bolster the scale and diversity of its international portfolio through the proposed acquisition of Evos BV, S&P Global Ratings said Wednesday.The company can maintain its financials and credit quality after the acquisition of the liquid storage operator, in our view, the rating agency said in a statement.Also Read: Adani Ports agrees to buy Dutch storage and terminal co Evos for $2.9 bnAdani Ports and Special Economic Zone Ltd (APSEZ) last week said it has agreed to acquire 100 per cent of the Netherlands-based Evos BV from Igneo Infrastructure Partners at an enterprise value of 2.56 billion euros, marking a major expansion of its international operations and giving it a significant presence in Europe's liquid storage and energy infrastructure market.While Netherlands-headquartered Evos has limited operating synergies with Adani Ports' operations in India, the deal is consistent with the latter's growth strategy. It will allow Adani Ports to diversify its liquids portfolio with exposure to the growing market for new-age transition fuels such as sustainable aviation fuel, biofuels, methanol and bioethanol.Also Read: Adani Ports' global biz sprints, but home is still where the money isAt the same, the deal expands Adani Ports' geographic footprint into more developed markets with stable operating environments, S&P said.The all-cash transaction is valued at an enterprise value of 2.56 billion euro, equivalent to around Rs 27,000 crore, implying an equity value of approximately 1.18 billion euro. The acquisition is scheduled to be completed within 15 months, subject to regulatory approvals in India and relevant foreign jurisdictions.By our calculations, international investments could increase to about 20 per cent of the total revenue of Adani Ports from 10-15 per cent at present. We forecast the company will maintain a healthy ratio of adjusted debt to EBITDA of 2.3x in fiscal 2028 (ending March 31) and 2.7x in fiscal 2029 post the acquisition, below our downside trigger of 3.5x, S&P said.The transaction, it said, remains aligned with Adani Ports' financial policy of maintaining a net debt-to-EBITDA ratio of below 2.5x, based on the company's calculations. Potential proceeds from the company's pending stake sale in Vizhinjam port can provide a cushion to absorb growth spending over the next two years.We estimate Evos will contribute about 9 per cent of Adani Ports' total EBITDA in fiscal 2029, supporting earnings quality. Evos benefits from high average commercial occupancy of 99 per cent and stable revenue, with a substantial portion of its storage capacity being under take-or-pay contracts which are linked to consumer price index inflation, the rating agency said.Evos' robust reported EBITDA margin of 56 per cent in 2025 is similar to Adani Ports' 59 per cent in FY26.
In Govindasamy's case, the Commission found that Tata AIG had failed to produce sufficiently reliable evidence to establish this alcohol consumption condition.
ET AI Business Transformation Masterclass heads to IIM Bangalore to decode enterprise AI adoption
The AI Business Transformation Masterclass & Awards 2026 at IIM Bangalore will feature leaders from IndusInd Bank, PhonePe, PepsiCo, Shadowfax, Myntra, Shopify, NVIDIA and other organisations. Sessions will cover agentic AI, voice technology, supply chains, contextual commerce and physical AI, followed by the ET Most Innovative AI Product Awards 2026.
Investment choices for senior citizens can include the Senior Citizens Savings Scheme and the Post Office Monthly Income Scheme. Notably, SCSS boasts an attractive interest rate of 8.2%, while MIS offers 7.4%. If you invest Rs 15 lakh in SCSS, you'd accumulate Rs 6.15 lakh in interest over five years, compared to Rs 5.55 lakh through MIS. This difference highlights an additional earnings potential of Rs 60,000 through SCSS.
Mutual funds launched 28 new schemes in October, collectively garnering Rs 3,829 crore. The launches spanned index funds, equity ETFs, debt funds, fund of funds, hybrid schemes and close-ended funds, with ICICI Prudential Contra Fund leading collections.
Bulls Take Banking: Bank Nifty Outperforms Nifty 50 With 12% November Rally Five Key Triggers
The sharp rally firmly establishes the banking gauge as a clear market outperformer, outpacing the broader benchmark Nifty 50 amid robust institutional inflows and resilient sector fundamentals.
With the Diwali festive season over, households may be assessing the impact of their celebrations on their finances. Experts suggest 5 money moves to help people review spending habits, reassess financial priorities, and put their finances back on track before 2027.
Deepinder Goyal's $900 Temple wearable faces scrutiny over brain blood-flow claims
Temple, a new wearable device, claims to track blood flow to the brain and other health metrics. Indian doctors express concerns over the validity of these claims, asking for regulatory scrutiny. Some sportspersons promote the device, while critics label it a gimmick without formal medical approvals. Developer Deepinder Goyal states the device is a wellness tracker, not a medical one.
Following an inspection from September 7 to September 15, 2026, the US FDA granted Apitoria Pharma, a subsidiary of Aurobindo Pharma, a Voluntary Action Indicated classification. This classification indicates that although objectionable conditions were found in the Telangana manufacturing facility, the absence of immediate regulatory action allows the company to address the issues through voluntary corrective measures.
The Supreme Court has clarified that the 500-gram gold limit for married women does not automatically explain the source of jewellery in disproportionate-assets cases. Here's what the ruling means for ordinary households, existing seizure safeguards and gold documentation.
Bengaluru Namma Metro Blue Line trial has moved from Byappanahalli to KR Puram and Doddanekundi, taking the 58.19 km corridor to Kempegowda International Airport closer to mainline testing. Work continues near Central Silk Board, and inspections will take months. The 7.5 km Pink Line opens on November 13.
Provisional registration framework proposed for allied healthcare professionals
The National Commission for Allied and Healthcare Professions has proposed a provisional registration framework for eligible professionals, with provisions for bridge courses, supervised clinical training and competency assessments before regular registration. The draft regulations also propose an online registration system and invite public and stakeholder feedback until December 4.
Parag Parikh Flexi Cap Fund: M&M, Coal India, Petronet LNG among stocks bought in October
The largest active flexicap fund by assets under management (AUM) had an AUM of Rs 1.46 lakh crore in October. The fund did not completely exit any stock or add any new stock to its portfolio in October.
Jeevan Pramaan: EPS-95 pensioners no longer need to visit a bank branch or office for their annual Digital Life Certificate. They can generate it conveniently using the UMANG App and Aadhaar face authentication. Once submitted, the certificate remains valid for one year, allowing pensioners to continue receiving payments.
How can senior HR leaders prepare themselves to drive enterprise transformation through people?
ISB Executive Educations 43-week Chief Human Resources Officer Programme equips senior HR leaders with the strategic judgement, business acumen and leadership capabilities to translate human capital into sustained enterprise value.
Builders fined for marketing Hyderabad plots as villa township
Hyderabad: A builder and its associated companies have been fined for promoting their project as a luxury villa township despite having approval only for a layout of plots. Taking action against the builder, Modi Builders, the Telangana Real Estate Regulatory Authority (TG RERA) imposed a penalty of Rs 20.05 lakh on November 10. In the Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS .
Tata Motors partners with Finzo EV Solutions to make electric commercial vehicles more accessible
Under the MoU, Tata Motors customers will get access to quick loan disbursements, flexible repayment plans and a 25% assured buyback guarantee.
Mutual fund SIP inflows decline marginally MoM to Rs 32,160 crore in October
On a year-on-year basis, SIP inflows increased 9% from Rs 29,529 crore recorded in October 2025.
India holds Pernod, Diageo Scotch shipments as investigators seek 150% tariff
Indian customs has detained dozens of containers of bulk Scotch imported by Pernod Ricard and Diageo, seeking a 150% tariff instead of the reduced 75% duty under the India-UK trade pact. The dispute persists despite assurances from the commerce ministry, raising concerns over supply disruptions and the trade deal's implementation.
Mother Dairy Raises Milk Prices by Rs 2-4 per Litre, Effective Thursday
Mother Dairy, the largest milk supplier in Delhi-NCR, had last raised prices on May 14, 2026
Equity MF inflows fall 14% MoM to Rs 32,993 crore in October; smallcap inflows slide 29%: AMFI
In October, equity mutual fund inflows fell by 14% month-on-month, reaching Rs 32,993 crore. Smallcap funds saw a notable decrease of 29%, while large and midcap funds experienced a substantial inflow. In contrast, debt funds received Rs 1.13 lakh crore after two months of outflows. Hybrid funds also turned positive, registering an inflow of Rs 3,514 crore. Open-ended mutual funds overall attracted Rs 1.73 lakh crore in the same month.
Cathay Pacific to buy 11 Airbus aircraft for US$5.1 bn
Cathay Pacific has ordered 11 Airbus A330-900 aircraft worth US$5.1 billion to expand its regional network and increase passenger and cargo capacity. Deliveries are expected between 2031 and 2035. The Hong Kong airline also ordered three Airbus A321neo aircraft for its budget carrier HK Express to support growth on short-haul routes.
India weighs replacing old wind turbines to boost capacity by 50% without acquiring land
India is exploring a plan to replace ageing, smaller wind turbines with larger, more efficient machines to increase generation at existing sites without acquiring additional land. The Indian Wind Turbine Manufacturers Association estimates that 5-8 GW of old wind capacity could be repowered immediately, potentially raising capacity at these sites by nearly 50%. The initiative is being discussed with states including Gujarat, Maharashtra and Karnataka as India seeks to accelerate wind power deployment and meet its clean energy targets.
Gold rates today: Gold prices decreased today (Wednesday, November 11, 2026) at major jewellery brands. Also have a look at the IBJAs latest 24k, 22k, 20k, 18k and 14k indicative gold jewellery rates and the 999-purity silver jewellery indicative price.
Bata India says new product lines to drive growth, reiterates target to double turnover by 2030
The company is also looking to strengthen its connection with younger consumers, particularly Gen Z, by renewing its focus on sneakers and casual footwear
Mother Dairy raises milk prices by Rs 2-4/ litre
Physical gold vs gold ETF: Which saves more tax when you sell your gold?
JK Bank Clerk Syllabus 2026 - Check Banking Associate Exam Pattern PDF
The JK Bank Clerk Syllabus 2026 lists every topic that candidates need to cover for the Jammu and Kashmir Bank Banking Associate examination. The test is built around three subjects: English Language, Quantitative Aptitude and Reasoning Ability. This article puts the subject-wise syllabus and the exam pattern in one place, so you can plan your study time around how marks and minutes are actually split.
Who inherits a womans property in India when she dies without a Will? Rules by religion
From shagun to savings: how wedding registries are changing gifting
Wedding registries are gaining ground among urban Indian couples, offering a way to replace duplicate gifts with funds for home set-ups, honeymoons and financial goals.
Gold, silver prices today: Gold and silver prices rose in international and domestic markets on 11 November. Check the latest retail rates of 24K and 22K gold and 999 silver in Delhi, Mumbai, Kolkata and other major cities, along with changes in global and MCX prices.
91% of Mumbai airport's international traffic to remain unaffected by Terminal 1 redevelopment
Mumbai's Terminal 1 redevelopment will leave around 91% of international passenger traffic unaffected, with 39 of 50 international airlines continuing operations at CSMIA. Eleven carriers may shift select services to Navi Mumbai International Airport from March 2027, as the revamp aims to address structural concerns and raise Terminal 1's annual passenger-handling capacity by 33% to 20 million by March 2029.
Global gold price drop 2026: Gold prices have corrected sharply in 2026, falling nearly 30% from their January peak. However, Indian gold ETFs have remained resilient, with top performers delivering over 7.5% YTD returns. Here is a look at the best- and worst-performing funds.
The National Confederation of Pensioners' Associations has requested the Labour Ministry's urgent intervention in pending pension cases. They seek to withdraw a circular from January 2025 that affects higher EPS pension eligibility. The NCPA emphasizes eliminating discrimination between exempted and unexempted establishments regarding pension rights. They have proposed several recommendations to streamline the processing of pension applications and address delays.
India garment makers rethink reliance on US after tariff shock
RANCHI, India, Nov 11 (Reuters) At Orient Crafts factory in Ranchi, hundreds of women stitch dresses, shirts and childrens clothing for British retailers Next and Marks & Spencer. Not long ago, most of Orient Crafts output would have gone to the US. But founder Sudhir Dhingra, 77, has cut shipments there since the US hiked tariffs, which rose to as much as 50% last year, hitting orders from customers including American Eagle and Gap. Even with duties now lower and the possibility of a trade pact, Dhingra has decided it is too much of a risk to depend so
UPL Share Price Live Updates: UPL's Daily Performance Update
Maruti Suzuki Share Price Live Updates: Maruti Suzuki's Current Trading Status
ITC Share Price Live Updates: ITC News
TCS Share Price Live Updates: TCS News
Sun Pharma Share Price Live Updates: Sun Pharma's Financial Snapshot
Eicher Motors Share Price Live Updates: Eicher Motors Stock Update
Bank holiday today: Are banks open or closed in your state today on November 11, 2026?
On November 11, 2026, banks will observe holidays in specific states for various regional festivals. These festivals include Laxmi Puja, Ningol Chakkouba, and Bhai Dooj. Some states will continue to operate normally despite these closures. Bank customers should confirm the holiday schedule before visiting their local branches.
Secure exclusive visibility for B2B launches, new fund offers and rebrands
An ET Roadblock gives one advertiser exclusive share of voice across The Economic Times on desktop, mobile web and the ET app. See how it works, what ET reports from past campaigns, who it suits and how to plan your own.
In a first since Covid, Diwali flight numbers fall as high fares, disruptions take a toll
Airlines scheduled about 6% fewer flights across October and November than a year earlier, according to data from aviation analytics firm Cirium. That marks the first capacity decline since 2020, when carriers slashed service capacity by nearly 45% amid the pandemic-induced collapse in travel demand.
Bank branches will remain closed in 6 cities across five states on 11 November due to regional festivals. Check the complete list of affected cities, the reasons behind the closures and which banking services customers can access today.
A financial report card from the future
A conversation with his 80-year-old self forces Mohit to confront the long-term consequences of his financial choicesand rethink the decisions he makes today.
Honda to invest $3 billion in Ohio plant to make hybrid vehicles, create 2,000 jobs
Honda Motor will invest $3 billion to build a new hybrid vehicle plant in Ohio, creating 2,000 jobs and adding annual production capacity of 240,000 vehicles from 2029. The Japanese automaker also announced fresh investments in Canada, Ohio, Georgia and Alabama as it expands hybrid production and adjusts its electric vehicle strategy amid US tariffs.
Zara owner Inditex commits $50 million to fund low-cost loans for suppliers going green
Zara owner Inditex has committed $50 million to an IFC-led fund that aims to raise $400 million to provide low-cost loans to suppliers investing in energy efficiency and cleaner energy. The initiative seeks to help smaller businesses, particularly in developing countries, transition to net-zero operations as the fashion industry faces pressure to reduce emissions.
Electronic gold receipts let Indian investors own gold digitally while it is stored in Sebi-approved vaults. Here's how it works and how to purchase units online.
A 5 lakh gift from a brother to his sister is tax-free under the Income-tax Act, 2025. However, siblings must follow cash transaction rules. Know when gifts are exempt, when they become taxable and how to transfer money legally.
AFT's Chandigarh Bench rules that Wing Commander Chandi is entitled to pension and other retirement benefits after modification of its 2015 judgment.
SIP investments outperformed lump-sum investing in six of 10 major global equity markets over 30 years, according to DSP Mutual Fund. Japan recorded the biggest SIP advantage, while Brazil delivered higher returns through lump-sum investments.
Basic pay of 29,200, Dearness Allowance, HRA and Transport Allowance determine monthly gross salary; annual earnings reach approximately 7.47 lakh in X-class cities.
The NCPA has urged EPFO to stop rejecting EPS-95 higher pension claims, withdraw its January 2025 circular and withdraw pending court appeals, alleging that retirees are being denied benefits through technicalities despite the Supreme Court's 2022 judgment.
The Bihar Cabinet has approved a three-percentage-point increase in dearness allowance for state employees and dearness relief for pensioners, effective July 1, 2026.
Gifts received from a brother are exempt from income tax, regardless of value. Here's when it becomes taxable.
CCI clears Advent International's Rs 3,150 crore investment in Yatharth Hospital
Advent International has officially secured the green light from the Competition Commission of India to channel an impressive Rs 3,150 crore into Yatharth Hospitals through its affiliate, Rasmalai Limited. Post-investment, Advent will own a 24.9 percent minority stake in the healthcare entity, which is poised to leverage this financial boost for its expansion efforts and enhancing its healthcare network amidst a backdrop of thriving operational revenues and profit growth.
The government has clarified pension commutation rules for central government retirees, identifying five categories eligible to commute pension without medical tests. Pensioners must meet the one-year deadline, while others may need medical examination.
Salary-slip deductions do not guarantee that employers deposit provident fund contributions. Here's how employees can check the status and report discrepancies, if any.
Dabur hints calibrated price hikes amid inflation, focus on cost optimisation to protect margins
The company is navigating an inflationary environment, with rising crude oil prices amid the West Asia conflict adding to cost pressures across the supply chain, said Dabur India CEO (India Business) Herjit Bhalla during the post-earnings investor call last week.
Your first salary is an opportunity to build sound financial habits. From budgeting and creating an emergency fund to buying health insurance, managing credit cards and starting SIPs, here are five money decisions young earners should make early.
NTPC submits two coal gasification project proposals under govt's Rs 37,500 crore scheme
NTPC Limited has submitted proposals to establish coal gasification projects for producing urea, methanol, and dimethyl ether. The Ministry of Coal announced that applications for the third round will open on November 10. January 11, 2027, is set as the deadline for these applications. The government's initiative aims to expand domestic production and support the broader use of indigenous resources.
India doesnt have a savings problem. It has a savings incentive problem
Indian households are saving more than ever. The bigger question now is whether money kept accessible in a savings account can also earn meaningful value while it waits to be used.
When every bank has an app, what actually makes digital banking different?
With UPI resetting customer expectations, the real differentiator in digital banking is no longer having an app, but how seamlessly it brings payments, savings, investments and credit together in one place.
EPFO's VISHWAS 2026 scheme allows eligible employers to settle pending PF damage disputes at reduced rates, starting at 0.25% per month. The one-time settlement window closes on 28 December 2026. Interest and PF contributions remain payable.
5 steps to update your EPF information online
The NC-JCM has proposed major changes for central government employees under the 8th Pay Commission, including higher minimum pay, 6% annual increments, increased pensions and allowances, and doubling leave encashment to 600 days.
Resolven mobilises USD 900 million financing this year
Resolven has successfully mobilised USD 900 million in financing from 15 diverse lenders this year. The funds consist of USD 700 million in debt financing and USD 200 million in non-fund lines. Earlier this year, the company became an independent renewable energy entity focusing on growth projects. It aims to expand renewable capacity significantly, targeting more than 1.5 GW annually by 2030.
NMDC in talks with Russia's Rosatom over lithium investments, sources say
Indian state-run miner NMDC Ltd is in talks with Russia's Rosatom to invest in lithium projects. These discussions are part of India's strategy to secure supplies for battery and EV industries. NMDC aims to enhance its global mineral diversification strategy and has formed a team for due diligence. The Indian government is investing in domestic processing of critical minerals to reduce import dependence.
EPFO has shifted the venue of its 240th CBT meeting on 19 November from Gujarat to New Delhi. The meeting comes amid media reports suggesting a possible increase in the minimum EPS pension from 1,000 to 3,000.
Foreign equities under pressure: what should investors do?
Indian investors are looking beyond domestic equities, but recent overseas market corrections underline why global exposure should be a long-term diversification strategy, not a bet on past returns.
How travellers are working around pricey flights for winter holidays
Travellers are finding creative ways to preserve their winter holidays despite soaring airfares. Some are swapping flights for trains and road trips, while others are choosing domestic destinations over international ones.
Jaguar Land Rover to launch its first electric vehicles in key growth market India in 2027: MD
Jaguar Land Rover (JLR) will enter India's luxury electric vehicle market in 2027 with the Range Rover Electric and Range Rover Sport Electric. The company will also launch the new Jaguar GT next year. JLR India plans to initially import the EVs to test demand, expand its retail network to 40 outlets and capitalise on India's growing premium car market.
With Bhai Dooj around the corner, consider gifting your sibling gold ETFs instead of traditional gold. Know how to transfer ETF units through demat accounts, how gifting differs from mutual funds, the available transfer routes, costs and tax implications.
Mutual fund NFOs: Only 2 mutual fund NFOs are open for subscription. Check details
Only two mutual fund new fund offers (NFOs) are currently open for subscription. Edelweiss Nifty Energy ETF will close on November 13, while Aditya Birla SL FMP-VC-114D will remain open until November 17. Here are the key details, including their categories, subscription deadlines and minimum investment amounts.
Gold rates today: Major jewellery brands, including Tanishq and Malabar Gold & Diamonds, have seen a dip in gold prices today, making it an opportune moment for consumers to purchase 22k gold at more affordable rates compared to Monday. Consistent pricing across cities like Delhi, Mumbai, and Chennai allows for easy shopping.
