30 C 
Eligible salaried individuals who missed EPF coverage between April 2009 and March 2026 can enroll in the EPFO's Employees Enrolment Campaign until October 2026. Check whether you are eligible and how to enrol.
SBI ATM rules, effective 1 October 2026, will reduce the number of free other-bank ATM transactions available to salary package account holders to five per month. Here are more details on the revised charges.
Best mid cap mutual funds to invest in September 2026
Mid cap schemes invest in mid cap stocks or in stocks of medium-sized companies. As per Sebi norms, the mid cap mutual funds are mandated to invest in companies that are between 101 and 250 in the market capitalisation. These companies can be leaders of tomorrow. Thats what makes them great bets. If these companies live up to the promise, the market will reward the investors handsomely.
Idle money in your bank account? Your bank balance could be losing value; heres how to fix it
8th Pay Commission: Can Level 5 employees get up to Rs 15,800/month extra HRA under 8th CPC?
Employee associations are advocating for increased House Rent Allowance (HRA) rates for central government employees, aiming to tackle escalating rental prices in metropolitan areas. These suggestions have been forwarded to the 8th Pay Commission for evaluation. If accepted, Level 1-5 employees could see considerable boosts in their monthly HRA. The definitive report from the 8th Pay Commission will ultimately decide the revised HRA rates.
Income Tax Dept sent tax notice for Rs 9.6 lakh EPF interest which employee never received but erroneously shown in ITR as received; he fights and wins case in ITAT Mumbai. This judgement was delivered by Challa Nagendra Prasad, the Judicial Member, and Makarand Vasant Mahadeokar, the Accountant Member of ITAT Mumbai.
Civil Aviation Minister welcomes Group Captain Abhinandan Varthaman to civil aviation
Group Captain Abhinandan (Retd) has transitioned to civil aviation after his IAF career. He is credited with downing a Pakistani F-16 during the Balakot operations. The fighter pilot will now serve as a commercial pilot with a private airline. His bravery in 2019 earned him the Vir Chakra gallantry medal. This move marks a new chapter connecting people across India.
Midcap, small cap outperform large caps on margins amid rising input costs
Large-cap firms saw operating margins contract significantly year-on-year. Mid- and small-cap companies experienced lesser margin contractions amid rising costs. These smaller firms also achieved higher revenue and net profit growth rates. Large-cap companies reported modest net profit growth, the slowest in seven quarters. Overall, aggregate operating margins for India Inc. declined.
Bank holidays in India vary from state to state as they are based on local festivals and occasions. All scheduled and non-scheduled banks will observe public holidays on the second and fourth Saturdays along with Sundays and other regional holidays.
The Taxation and Other Laws (Amendment) Act, 2026 addresses existing dividend tax discrepancies for unitholders by granting unconditional exemptions. Despite this, the established withholding tax regulations for BTs have not been modified, leading to possible inconsistencies. Non-resident investors may need to submit tax returns to retrieve withheld taxes, highlighting the need for a future alignment of withholding practices with the new exemption framework.
Sebi plans net settlement for mutual fund trades in cash market
Sebi proposed allowing net fund settlement for mutual fund cash market trades. This move aims to ease temporary liquidity pressures and improve settlement efficiency. Mutual funds can now net purchase and sale funds within the same settlement cycle. Securities settlement will continue on a gross, delivery basis under the new proposal. This change addresses market participant feedback regarding liquidity and operational inefficiencies.
Goenka Groups Purvah Green Power to acquire Welspun New Energy for 2,500 cr
Purvah Green Power is set to acquire Welspun New Energy for approximately 2,500 crore. This acquisition will provide Purvah access to Welspun's renewable energy development pipeline. Purvah aims to build a 10 GW green power portfolio through various projects. Welspun New Energy is targeting 5 GW of renewable capacity by 2030. The deal marks Welspun's second major renewable energy asset sale in a decade.
Labels are now the main course for F&B chiefs as regulatory scrutiny reshapes boardroom priorities
The spotlight on food safety and compliance is shining brightly in Indian F&B sectors. With regulatory scrutiny reaching CEO boardroom discussions, organizations are shifting marketing resources to fortify compliance measures. Founders of start-ups are stepping up audit frequencies and ensuring transparency, while distributors now navigate a landscape of enhanced regulatory checks for their applications.
Electronics makers turn to cheaper materials and localisation as commodity costs bite
Electronics producers are adapting to rising costs by innovating their material choices and enhancing local manufacturing efforts. In place of copper, aluminum is now favored in products like refrigerators and air conditioners. As input costs climb due to soaring commodity prices and AI infrastructure needs, businesses have raised prices but are also strategically absorbing certain cost increases. Simultaneously, they are fine-tuning product designs to minimize expenditures.
Banks offer semi-fixed loans to deploy surplus liquidity
Banks are deploying surplus liquidity through new mortgage products. HSBC and Kotak Mahindra Bank lead with semi-fixed home loan options. These products offer fixed rates for a period before switching. This strategy aims to protect lending margins amid interest rate uncertainty. Surplus funds are also being considered for government securities.
SpiceJet to add 20 leased aircraft
SpiceJet is leasing twenty aircraft to boost its flying capacity for the upcoming winter travel season. These leased planes, a mix of Boeing and Airbus models, will arrive by mid-November. The airline aims to operate around two hundred daily flights during this busy period. This expansion will also support peak travel demand expected next year. The leased aircraft offer a quicker way to increase capacity without outright purchases.
Drug cos refuse to take sole responsibility for overpricing
Indian drugmakers oppose a proposal making them solely liable for medicine overpricing. This regulatory move exempts retail chemists, hospitals, and nursing homes from penalties. Pharmaceutical groups argue this unfairly burdens manufacturers already following pricing rules. Retail chemists, however, welcome the safeguards for their members. Manufacturers believe accountability should extend to those setting the final patient price.
LCR reset creates 2.1 Lakh-crore lending headroom for PSU Banks
Public sector banks gained significant lending headroom after liquidity requirement relaxation. This allows them to sustain credit growth while deposit mobilisation remains relatively weak. Excess investment buffers could support incremental loan growth on their substantial loan books. Banks can now free up funds tied up in government bonds for lending. This improvement is visible at some of the largest state-owned lenders.
Stars display their non-fiction side as streamers turn celebrity personas into show IPs
The Indian entertainment industry is witnessing a surge in celebrities curating non-fiction series that revolve around their public identities. This trend smartly tackles the challenge of fleeting audience attention and the saturation of content. By teaming up with creators, these stars develop compelling intellectual properties that attract advertisers looking for budget-friendly brand partnerships.
FSSAI to tighten scrutiny, weighs central ban on non-dairy paneer
India's food regulator is planning stricter rules for healthier food options. Analogue paneer may soon face a nationwide ban as states already restrict it. The authority is also proposing rules for food sales near schools. Quick-commerce platforms will soon display product dates more prominently. These measures aim to promote safer and more nutritious food choices.
Bharat NCAP 2 to launch October 2027, assessing entire vehicle safety chain: Nitin Gadkari
India plans to launch Bharat NCAP 2 from October 2027 for comprehensive vehicle safety.This new program will evaluate the entire safety chain of vehicles manufactured in India.Bharat NCAP, launched in 2023, already provides star ratings for passenger car safety.Vehicle testing costs in India are significantly lower than global standards.New systems will penalise repeat traffic violations and reward responsible driving behavior.
Piyush Goyal invites major global auto manufacturers to make in India
Commerce minister Piyush Goyal invited global automobile companies to manufacture in India. He urged them to use India as a base to serve global markets. Goyal cautioned automakers about lack sheep not increasing localisation efforts. He stated that company-wise import and export data is being monitored. Leaders will attend the BRICS Leaders' Summit in India next week.
Andhra woos HD Hyundai with $4 billion shipbuilding cluster
Andhra Pradesh is seeking HD Hyundai Heavy Industries for a new shipbuilding cluster. The state offers the Kakinada port for this proposed $4 billion investment. HD Hyundai Heavy Industries previously signed an agreement with Tamil Nadu for a similar project. This initiative aligns with the Centre's Shipbuilding Financial Assistance Scheme. The scheme received approval in September 2025 for development.
PM Modi urges auto industry innovation for Viksit Bharat; pushes for EV acceleration
Prime Minister Modi urged the Indian auto industry to innovate for Viksit Bharat by 2047. Adviser Tarun Kapoor stressed accelerating the electric mobility transition for energy security. He warned of increasing restrictions on four-wheelers, especially in urban areas. Government reforms and incentives are boosting domestic manufacturing capabilities and EV adoption. Industry must prepare for eventual tapering of subsidies and policy changes.
Viability issues: Think Gas seeks 30% reduction in LNG terminal charges
City gas distributor Think Gas urges a thirty percent reduction in LNG terminal usage charges. High regasification and truck loading fees currently hinder third-party LNG terminal use. The company also highlighted unreasonable boil-off gas charges imposed by terminal operators. These costs artificially inflate prices and impede natural gas market growth. Think Gas seeks moderation of charges for the proposed Indian Gas Exchange platform.
1 Crore by 45: How much should you invest in SIPs at age 25 or 35?
Systematic Investment Plans (SIPs) in mutual funds are among the popular routes for creating long-term wealth. Through an SIP, investors put a fixed amount into a mutual fund at regular intervals, generally every month
Cohance Lifesciences to invest USD 18 mn in NJ Bio, Aruka Bio
Cohance Lifesciences announced an eighteen million dollar investment to strengthen its antibody-drug conjugate strategy. This includes thirteen million dollars for NJ Bio, increasing Cohance's ownership to sixty-seven point three percent. An additional five million dollars will give Cohance a sixty-five percent stake in Aruka Bio. These transactions aim to integrate NJ Bio's services with Cohance's manufacturing capabilities. Completion of these strategic investments is expected by September twenty twenty-six.
Indias top five banks by market capitalisation delivered sharply different returns over the past year. While HDFC Bank fell 26%, SBI gained 26%, with Axis Bank rising 20%. The story looks different when viewed through mutual fund portfolios.
UBL sees India as key growth engine for Heineken; focuses on premiumisation, margin expansion
United Breweries Ltd sees India as central to Heineken's growth agenda. The Indian market is experiencing rising premiumisation and offers significant expansion opportunities. Heineken NV plans to expand Ebitda margins in India over the medium term. The company highlights its strong brand portfolio and 100 percent localisation of requirements. State-level reforms are accelerating category growth and creating attractive opportunities.
Mutual fund expense ratios can vary sharply even within the same category. Active funds generally show wider cost spreads than passive funds. Investors should compare costs across peers and assess whether higher expenses are justified by performance.
SpiceJet is seeking funds through the Emergency Credit Line Guarantee Scheme. The government is pushing the airline to increase its operational capacity. Discussions are ongoing regarding SpiceJet's financial and operational challenges. The Civil Aviation Minister confirmed these interactions with the airline. The government monitors airfares and has an ATF price stabilisation scheme.
Carrefour eyes acquisitions to accelerate India expansion
French retailer Carrefour eyes acquisitions to rapidly expand its Indian presence. The company plans to open fifty stores within three years through its partnership. Carrefour is abandoning its large hypermarket model for smaller, more productive formats. It will also focus on competitive pricing and rebuilding its product assortment. India is also seen as a potential global sourcing base for Carrefour's operations.
Maharashtra govt aims to make Mumbai slum free in 10 years: CM Fadnavis
Maharashtra aims to make Mumbai slum-free within the next decade. The state is pushing for 10,000 homes in Dharavi by January 2029. Redevelopment of BEST bus depots will create mixed-use urban spaces. Mumbai 3.0 expansion includes new smart cities and an offshore airport. These projects will reshape the region's economic landscape and growth.
A comfortable lifestyle may obscure financial issues. These 10 signs indicate that you're poor, no matter how much you earn.
Automakers anticipate implementing calibrated price increases in upcoming months. High commodity costs are exerting pressure on manufacturer profit margins. The auto industry is preparing for a greater push towards electrification of mobility. A multi-fuel pathway including diesel and hydrogen is also highlighted. Pricing actions will be undertaken wisely to avoid market disruption.
Indias EV push could slash annual oil and battery import bill by $125 billion by 2050: Study
India has the potential to save as much as USD 125 billion every year by 2050 through a swift transition to electric vehicles. The savings from reduced import costs significantly eclipse battery costs. Accelerating the shift towards electrification mitigates the impact of global crude oil price volatility and boosts self-sufficiency.
A stocks low valuation may look attractive, but it can sometimes signal deeper problems in the business. Here are eight ways a seemingly cheap stock can remain cheap and what investors should examine before assuming it is undervalued.
Airbus sees 1,200 aircraft India backlog, over 2 deliveries a week for next 10 years
Airbus anticipates delivering over 1,200 aircraft to India within the next ten years. This significant order will support the nation's expanding aviation sector and its growth. The company is enhancing its maintenance and repair capabilities within India. A new radome repair facility is being established in Nagpur for South Asia. These developments aim to improve aircraft turnaround times and local aviation ecosystem.
Quant MF raises IT services exposure, goes underweight on manufacturing: Key takeaways for investors
Quant Mutual Fund has changed its sector positioning by increasing its allocation to IT services in August 2026. The fund house remains positive on select sectors and expects stock-specific opportunities to drive returns as large-cap markets consolidate.
Union Minister Sarbananda Sonowal reviewed green shipping initiatives at TERI's Gwal Pahari campus. He emphasized the ministry's priority on decarbonizing the maritime sector. Ports are preparing for alternative fuels and cleaner maritime trade routes. Initiatives include green fuel bunkering hubs and shore power facilities. India aims to lead in the global shift towards green shipping.
Birla built India with cement, now it wants to wire up what powers it with a 1,800 crore bet
In an ambitious move, Aditya Birla Group has unveiled Ultravolt, a new enterprise dedicated to wires and cables. The company seeks to establish itself as a top contender within five years, utilizing the extensive distribution reach of UltraTech Cement. This launch responds to India's growing needs in the construction and electrification sectors, signaling a pivotal shift towards more structured players in the marketplace.
Can one co-owner be taxed alone on property value and stamp duty difference? What ITAT says
The ITAT delivered a significant ruling in the case of a Mumbai taxpayer who, in 2017, purchased a flat jointly with his wife in Chembur. The actual consideration paid for the property was 60 lakh, while its stamp-duty value was 94.8 lakh, creating a gap of around 34.8 lakh.
Aditya Birla Group has launched its Ultravolt wires and cables business with a significant investment. The company aims to become a top two player in the market within five years. Urbanization, electrification, and digitization are expected to drive demand for these products. The group will leverage its brand, capital, and understanding of adjacent ecosystems. Dealer relationships and brand trust will be key differentiators for Ultravolt's success.
Carrefour eyes India expansion via organic route, acquisitions
French retailer Carrefour has re-entered India through a partnership with Apparel Group. The company plans to open multiple stores across Delhi-NCR in the coming months. They will also expand into the western region by next summer. Carrefour is open to acquisitions to accelerate its growth strategy. The focus remains on profitable expansion and building a strong supply chain.
Ceigall India receives LOI for Rs 5,300-cr transmission project in Gujarat
Ceigall India has received a letter of intent for a major transmission system project. This project, valued at Rs 5,300 crore, will be developed in Gujarat. It involves building a substation and transmission lines to evacuate renewable energy. The company will receive annual charges for thirty-five years after execution. This development supports Gujarat's critical power transmission infrastructure needs.
For Indian freelancers, the invoice value of an overseas client payment may not be the amount that reaches their bank account. FX conversion margins, platform fees and SWIFT costs can reduce the final INR payout. Here is how freelancers can calculate the actual amount they received.
Wipro Kawasaki to invest 1,000 cr in Karnataka hydraulic pump plant, create 1,200 jobs
Wipro Kawasaki Precision Machinery will invest Rs 1,000 crore in a new manufacturing plant. This facility will be established in Karnataka's Harohalli Industrial Area. The proposed plant is expected to create approximately 1,200 new employment opportunities. Operations at the new site are anticipated to commence within one year. This expansion will significantly increase the company's annual hydraulic pump production capacity.
NPS Active vs Auto Choice: Which investment option is right for your retirement goals?
One mistake investors may make is assuming that the option with greater equity exposure is necessarily the best choice, particularly when they are young.
Sebi proposes net fund settlement for mutual fund cash-market trades
Sebi has proposed allowing mutual fund schemes to settle cash-market fund obligations on a net basis for eligible outright transactions. The move could ease temporary liquidity pressures and reduce funding needs, particularly during index rebalancing or large inflows and outflows. Securities will continue to be settled on a gross delivery basis.
PFRDA proposes changes to Point of Presence regulations: What NPS subscribers need to know
PFRDA has proposed changes to the Point of Presence framework that could expand NPS access through more types of entities and a dedicated digital route. The proposals also strengthen oversight of NPS Mitras, subscriber-data confidentiality and PoP accountability for fraud or negligence.
Aditya Birla Sun Life Flexi Cap Fund turns Rs 10,000 monthly SIP to over Rs 7 crore in 28 years
Aditya Birla Sun Life Flexi Cap Funds Rs 10,000 monthly SIP grew to Rs 7.25 crore from Rs 33.50 lakh invested since 1998, delivering 17.92% SIP returns and a 20.77% CAGR, outperforming the Nifty 500 TRI with active, flexible portfolio management.
Pension delayed? Why retirees in contributory schemes can now take the matter to consumer court
Retirees facing delayed pension payments under contributory schemes may approach consumer courts, following an important NCDRC ruling that recognised pension contributors as consumers and treated unjustified delays as deficiency in service.
Beyond Stocks and Bonds: Rethinking wealth creation with alternative assets
ET Alpha Summit 2.0 will bring together leading investment voices to explore how niche alternative assets could shape the next phase of multi-generational wealth creation. The masterclass will examine emerging opportunities, onshoring trends and structural shifts, while weighing return potential against risk, complexity and liquidity.
Five equity mutual funds delivered over 20% annualised SIP returns over the past 10 years. Quant Small Cap led with 24.7%, followed by Nippon India Small Cap at 21.6%, while three midcap funds also crossed the 20% mark.
A seven-year house goal can justify high equity exposure initially, but the portfolio should gradually move towards safer assets as the purchase nears. Experts explain which mutual fund categories may suit the goal, why diversification matters and how to protect the corpus from market volatility.
Bank holiday tomorrow, 3 September: Will SBI, HDFC Bank and others remain closed for Janmashtami?
Banks in multiple cities, including Ahmedabad and Chennai, will be closed on September 4 for Janmashtami. Holiday observance varies by city, so customers should verify bank schedules against the RBI list before visiting.
The gold trade is dead. Long live gold.
Record US borrowing, weaker Treasury demand and rising fiscal pressures could eventually force policymakers to tolerate inflation and negative real ratesconditions that favour gold.
Maruti Suzuki CEO seeks balance between regulations and affordability for cleaner, safer mobility
Maruti Suzuki's MD hopes for continued balance between regulations and affordability. This balance ensures safer and cleaner mobility remains accessible to Indian customers. Compressed biogas shows strong potential as a clean automotive fuel source. GST reforms have significantly boosted small car sales and affordability. Maruti Suzuki is also a leading exporter of electric vehicles from India.
NRIs can now be nominees for India's small-savings schemes like PPF and NSC, a change from 2023. While they can receive proceeds, repatriation abroad is restricted and subject to FEMA and banking rules, typically requiring crediting to an NRO account first. Understand the nuances before naming an NRI nominee.
Vande Bharat Express is expanding into overnight sleeper services across the country. Multiple manufacturers are now working on advanced sleeper trainsets for Indian Railways, which are designed to offer greater comfort and speed for long-distance journeys. Prototypes are currently undergoing trials, with more trains expected to enter passenger service soon.
PC Jeweller clears debt to ninth consortium bank, eyes debt-free status this month
PC Jeweller has repaid outstanding debt to nine of fourteen consortium banks. The company has now discharged over ninety-six percent of its total loan obligations. It remains on track to achieve debt-free status this month. This move will significantly strengthen the company's financial position. The settlement agreement was signed on September 30, 2024.
Deductibles and co-pays can significantly change how much you pay from your pocket despite having health insurance. Heres how the two work, when each can cost more, and the policy clauses you should check before buying.
Tata Curvv Series X launched at 9.99 lakh: Check variants, features and prices
Tata.Cars has launched its new Curvv Series X SUV Coup lineup. This new range offers multiple personas focusing on design and performance. Prices for the Curvv Series X start at an attractive Rs 9.99 lakh. Various personas like Pure X and Creative X+ include advanced technology and safety features. The top-tier Accomplished X and X+ variants add ADAS and premium audio systems.
Term insurance for students: why insurers are selling life cover before careers begin
Term insurance is reaching students as young as 18, offering lower premiums and early insurability. But without income, dependants or debt, does buying life cover before a career begins make sense?
Why this fund manager is bullish on the manufacturing theme
R. Sivakumar, chief investment officer of Axis Mutual Fund, sees an opportunity in manufacturing, especially exports, and especially in mid- and small-caps.
PPF or SIP: Which is better for long-term wealth creation and financial stability?
PPF or SIP: Key differences in risk, returns, taxation, liquidity and investment horizon are explained to help you decide whether one or both fit your longterm financial goals.
Corporate stress remains benign despite IBC delays and deep haircuts: Kotak
India's corporate credit cycle is expected to remain stable in the near future. Strong corporate balance sheets and moderate debt levels support this positive outlook. However, the Insolvency and Bankruptcy Code faces ongoing delays and low recovery rates. Manufacturing leads sector contributions to resolution plans under the IBC. Recent reforms aim to improve resolution timelines and recovery outcomes for lenders.
Experienced travellers combine travel credit cards, local currency, and backup payment methods for international trips. Comparing exchange rates, forex markups, and acceptance influences payment choices abroad. SBI Card offers features like global acceptance and travel rewards for international journeys. Travellers should enable international transactions and verify credit limits before departing India. Paying in local currency often reduces overall transaction costs compared to Indian Rupees.
Choosing the right mutual fund requires more than simply picking schemes with strong past returns. ETMutualFunds has shortlisted 10 funds across five equity categories based on mean rolling returns, consistency, downside risk, outperformance and asset size, while considering investors goals, investment horizon and risk profile.
In an impressive performance, approximately thirty-seven equity mutual funds have surpassed the remarkable milestone of one hundred percent returns. The Motilal Oswal Midcap Fund stands out, boasting gains of one hundred fifty-nine percent. This surge is notably driven by mid and small cap funds, reflecting a broad trend of strong double-digit returns across diverse equity fund categories during this period.
India stalls Alipay+ payments link over security, data concerns, sources say
India has stalled Alipay+'s proposal to link with its instant payments system. National security concerns and data usage questions are the primary reasons for this decision. The Indian government cited political grounds for halting the integration of the payment platforms. Law enforcement agencies also raised concerns about money laundering and data breaches.
Canada assesses risks to imports after India raid finds fake labels on food products
Indian authorities raided a Mumbai warehouse last week, seizing products and equipment. This operation involved relabelling food products with fake nutrition and expiry dates. Canadian officials are now assessing potential risks to their country's food imports. They have no current information indicating these products entered Canada. The Canadian Food Inspection Agency takes food fraud very seriously.
8th Pay Commission salary hike: How a 7% annual increment could mean 29 lakh extra pay in 10 years
Central government employee bodies have demanded annual increments of 5%-7% under the 8th Pay Commission, against the current 3% rate. An illustrative calculation shows that a Level 8 employee could earn nearly 29 lakh more in cumulative basic pay over 10 years at a 7% increment.
FSSAI weighs nationwide ban on analogue paneer, plans junk food curbs near schools
India's food regulator is considering a central rule to ban analogue paneer. The FSSAI is also preparing to prohibit unhealthy foods near schools nationwide. Quick-commerce platforms will soon display manufacturing and expiry dates more prominently. This initiative aims to ensure healthier food choices for children across the country. The regulator conducted several raids before the festive season to promote healthier eating.
Need money urgently? Here's how to choose the right funding option.
Facing a financial emergency necessitates a strategic approach to funding resources. For SBI Credit Card users, features like Flexipay and Balance Transfer on EMI can alleviate immediate pressures. Although Cash Advance is available for urgent cash needs, it presents hefty charges; hence, it should be reserved for critical situations. Analyzing one's ability to repay, alongside differentiating between direct cash needs and payments to merchants, is key.
Carlyle-backed VLCC raises Rs 110 crore from BlackSoil to fund growth
VLCC has secured 110 crore financing from BlackSoil Capital for its expansion. This funding will support growth across beauty, wellness, and personal care businesses. Carlyle Group holds a majority stake after its investment in 2022. VLCC operates over 250 locations across more than 130 cities. The company aims to enhance customer experience and expand its reach.
Here are the latest 22k gold jewellery rates from from Malabar Gold & Diamonds, Joyalukkas, Kalyan Jewellers and Tanishq in New Delhi, Mumbai, Chennai, Kolkata, Trivandrum and Bengaluru. Also see the latest 24k , 22k, 20k, 18k and 14k gold prices and the 999-purity silver rate from the Indian Bullion & Jewellers Association (IBJA) today.
Aditya Birla Group gets Rs 24,000 crore bank commitments for Shell deal, 70% more than planned
Aditya Birla Group secured loan commitments exceeding its initial acquisition funding needs. Axis Bank and State Bank of India offered substantial credit lines to the conglomerate. Union Bank and Punjab National Bank also provided significant credit facilities for the deal. This acquisition will transfer control of Shell's Indian renewable energy portfolio. Indian lenders show strong appetite for large corporate deals in the market.
The Railway Board has introduced updated regulations aimed at promoting family welfare by facilitating postings for employees with spouses. This initiative allows for couples working within the railways or related government sectors to be stationed together whenever possible. However, the availability of posts and administrative feasibility remain crucial factors influencing these placements.
Netflix launches Into the Southverse as dedicated discovery hub for South Indian content
Netflix introduces 'Into the Southverse' to simplify discovering southern Indian films and series. This new collection gathers content across languages, genres, moods, and stars for viewers. The streaming giant is increasing its investment in southern film industries and expects new titles weekly. Southern Indian films have consistently appeared on Netflix's India Top 10 lists.
Supreme Court dismisses Sebis plea against NSE: Report
In a pivotal ruling, India's supreme court has dismissed the regulatory challenges raised by market authorities against the National Stock Exchange. This verdict eliminates a major hurdle for the exchange's initial public offering, addressing previous controversies over co-location and dark fibre allegations. CNBC TV-18 provided coverage of this significant development on Thursday, paving the way for the IPO to proceed.
Construction cost for housing projects increases by 34%
Indian housing prices have risen significantly faster than construction expenses. This trend creates affordability issues for buyers and margin pressures for developers. Escalating land costs and global tensions are major contributing factors. Developers face challenges passing increased costs onto homebuyers.
India's crypto asset regulations focus on strict compliance related to taxation and AML rather than a market regulator. The US Senate's CLARITY Act is poised to clarify legal structures for digital assets, with potential global implications affecting how countries like India may approach regulation.
PTC India, Coal India among 10 stocks offering dividend yields of up to 10%
According to a September report by Religare Broking, these 10 companies across power, mining, finance, IT and energy offered dividend yields ranging from 3.3% to 9.7%.
Gold may shine as global rates turn softer, silver may stay volatile : Emkay Wealth Management
Gold and silver remain attractive despite recent profit booking, supported by central bank demand and expectations of softer global interest rates. While gold could see further upside, silver is likely to remain more volatile. Heres a look at the outlook for both precious metals and how gold and silver investment products have performed.
India will enhance vehicle safety assessments with Bharat NCAP 2 starting October 2027. This program will evaluate the entire vehicle safety chain to address accident rates. Driving behavior will also become a key part of road safety regulations. Repeated safety rule violations could lead to driving license cancellation. Responsible drivers will receive incentives and other benefits for their adherence.
Portfolio overlap occurs when multiple mutual funds hold the same stocks, sectors or similar investments, reducing the diversification investors may expect. Heres how investors can identify overlap using fund portfolios, common holdings, sector exposure and portfolio-overlap tools.
India's bank liquidity surplus hits all-time high riding flood of dollar deposits
Indias banking system liquidity surplus has surged to a record 9.7 trillion ($102.67 billion), surpassing the previous peak seen in September 2021. The sharp increase follows Indian banks raising $127.23 billion through non-resident foreign-currency deposits under the RBIs scheme, with most funds swapped into rupees. The liquidity glut could complicate RBI management of overnight rates and liquidity.
Train services hit in Bengal as soil erosion damages tracks after heavy rain
Train services were disrupted in West Bengal due to soil erosion under railway tracks. Heavy rain caused the track subsidence between Tilpara and New Farakka early Thursday. North Bengal-bound trains are now diverted through a bypass line as a precautionary measure. Senior railway officials and maintenance teams are working on urgent repairs to restore normal operations. Several long-distance trains connecting north and south Bengal are experiencing significant delays.
Indian FMCG stares at broadening commodity inflation and a new source of cost pressure
The raw-material cost environment for FMCG makers has become increasingly uneven in the second quarter of FY27, with prices of several agricultural and food commodities moving higher even as crude and some imported packaging inputs offered sequential relief, according to a report.
