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Kirana stores make room for new generation FMCG brands as they muscle past legacy giants
India's kirana market has seen new-age consumer brands expand their market share to nearly 22%. This increase has impacted the dominance of established fast-moving consumer goods companies. The shift is largely driven by changing consumer preferences and greater access to online channels. New brands face challenges in sustaining their physical distribution network against legacy players. Established brands are adjusting their strategies in response to growing demand for premium products.
AWL Agri Business experiences 2% profit drop, emphasises growth in packaged food and exports
AWL Agri Business has reported a 2% decline in consolidated net profit for the September quarter. Revenue from operations, however, increased by 26.1%, reaching 22,270 crore. The company's food and FMCG business saw significant growth, with a 32% year-on-year rise in revenue. AWL plans to focus on expanding its packaged food offerings and entering new markets. Additionally, the company aims to develop the pulses category, which presents attractive profit margins.
Indira IVF in talks to acquire Sabine in nearly Rs 1,300 crore deal
Indira IVF is considering an acquisition of Sabine Hospital and Research Centre valued at 1,200-1,300 crore. Sabine provides a range of fertility and maternal healthcare services across two facilities in Kerala. The deal would strengthen Indira IVF's presence in the fertility treatment sector in India. Sabine is expected to generate a revenue of 230-250 crore in FY 27.
SC pulls up Centre over soaring medicine costs
The Supreme Court expressed concern over the government's role in allowing steep medicine prices to persist. Justices Vikram Nath and Sandeep Mehta questioned the justification for significant price discrepancies faced by patients. The court highlighted a lack of accountability regarding how drug manufacturers benefit from inflated prices. Government representatives stated that regulatory measures should not encompass the entire drug pricing ecosystem.
Cancer drug price cuts leave costly brands untouched
Prices of several anti-cancer drugs are set to fall significantly starting November 9, offering some financial relief. However, the prices of top-selling patented treatments will remain unchanged after the revision by the NPPA. Generic cancer drugs will experience steep reductions, with some seeing over a 10-fold decrease in price. The Supreme Court is hearing petitions aimed at regulating high trade margins charged by hospitals.
Hyderabad overtakes Delhi, Mumbai in office leasing as Wise, DE Shaw sign big deals
Wise and DE Shaw signed leases for large office spaces in Hyderabad, indicating a rise in demand. The gross office leasing volume reached 4.21 million sq ft in the September quarter, surpassing previous figures. Hyderabad's leasing activity has now outpaced that of Delhi and Mumbai, positioning it as a strong market. This trend is attributed to global corporates establishing Global Capability Centers in the city.
Cipla sets sights on first-wave gains from rollout of Keytruda Biosimilar
Cipla has partnered with Qilu Pharmaceutical to commercialize a biosimilar of Keytruda, which is a major cancer treatment. The patent for this drug is expected to expire around 2029, allowing for potential market entry. Cipla anticipates capturing a significant share of this lucrative market segment after the launch. Additionally, the company reported a 35% decline in consolidated net profit in the September quarter.
Dynamic pricing's unacceptable in insurance, big payouts erode value: IRDAI chief Ajay Seth
IRDAI chief Ajay Seth criticises the approach of some digital platforms, warns high commissions leave less in the risk pool, push up premiums even as regulator seeks to build consensus
Jaguar Land Rover is focusing on local assembly of the Land Rover Defender to increase its market presence. The company has reduced prices of certain Defender variants by significantly lowering their costs to attract more buyers. Despite being third in luxury car sales, JLR expects to close the gap with BMW through these changes. Amba anticipates a 20% increase in annual sales volume due to local assembly benefits.
Tata Electronics exports near Rs 1 lakh crore in FY26 as Apple deepens India push
Tata Electronics achieved nearly 1 lakh crore in exports during FY26, reflecting a 29% increase from the previous year. The company reported significant export revenues from the US, Taiwan, and Ireland, highlighting its growing role in Apple's supply chain. Despite this growth, the company faced a consolidated net loss of 1,611 crore in FY26, compared to 69 crore in FY25.
Regional rural banks to set up cybersecurity centres, develop threat intel
Regional rural banks are set to improve their cyber security through the establishment of cyber security operations centres. They will also develop capabilities for vulnerability assessments and incident response as part of the reform agenda. The Financial Stability and Development Council plans to enhance cyber security measures following previous ransomware attacks. New initiatives will include implementing enterprise data warehouse solutions for better data management and reporting.
A man received 16 lakh from his mother after she sold gold jewellery, but the Income Tax Department questioned the cash deposits. The Jaipur ITAT deleted the 13.04 lakh addition after examining the gift deed, jewellery valuation and supporting evidence.
Railways to launch door-to-door parcel services
Indian Railways plans to introduce a door-to-door parcel service using the Rail Parcel App in eight cities. Customers in Delhi, Mumbai, Kolkata, Chennai, and other cities can book pickups and deliveries. Logistics partners will manage first-mile and last-mile services, while the railways will transport parcels. Bookings can be made online, easing the logistics burden for customers. Refunds for cancellations will also be available under specific conditions.
Textile PLI scheme likely to be extended by four years with easier norms for MSMEs
The government plans to extend the PLI scheme for textiles for four years with easier criteria. This initiative aims to increase participation from micro, small and medium enterprises. The scheme, initially approved in September 2021, supports large-scale manufacturing of textiles in India. Lowering minimum investment and turnover thresholds is targeted to enhance accessibility for more applicants. Previously approved applicants committed investments of around 41,500 crore, surpassing initial projections.
Adani-group owned ACCs consolidated profit slumps 92% on year in September quarter
ACC reported a significant 92% decline in profit for the September quarter, attributed to lower sales volumes. The companys profit stood at Rs 93 crore, a sharp drop from Rs 1,119 crore last year. Consolidated revenue also fell by over 5%, reflecting the impact of a supply agreement with Ambuja Cements. Total expenses increased by more than 2%, despite the drop in revenue during this period.
Sovereign Gold Bond investors have earned nearly 209% returns as RBI fixes the SGB 2020-21 Series I redemption price at 14,159 per gram. A 1 lakh investment is now worth around 3.09 lakh. Check returns, interest earnings and tax rules
India's GDP growth would have exceeded 8% but for recent global shocks: RBI Deputy Guv Poonam Gupta
Reserve Bank Deputy Governor Poonam Gupta indicated that India's real GDP growth fell short due to external shocks. She highlighted that India has managed over 7 percent growth despite challenging circumstances in recent years. Additionally, Gupta expressed confidence that improved global conditions could enhance growth by another percentage point. She discussed the importance of diversifying economic activities to mitigate risks and emphasized that food security remains stable amid El Nino.
Mumbai airport operations disrupted due to system outage, 327 flights delayed
On Tuesday evening, a system outage caused delays in flight operations at Mumbai International Airport. Airport staff implemented manual check-in procedures to assist affected passengers and maintain essential operations. Despite these disruptions, Mumbai International Airport officials stated that there was no overall impact on operations. However, numerous flights experienced delays, with an average departure delay of 50 minutes.
The Karnataka High Court has upheld amendments to EPS-95 pension rules, rejecting retirees' plea against lower pension payouts. The ruling clarifies changes to pension calculations, including early retirement reductions, and their impact on EPFO members.
India woos South Korea, Cyprus to boost shipbuilding and maritime sector
Union Minister Sarbananda Sonowal engaged South Korean and Cypriot maritime leaders to enhance India's shipbuilding capabilities. Discussions focused on marine equipment manufacturing, shipbuilding investment, and sustainable technology initiatives. The Indian government is working to create a robust maritime ecosystem supporting green shipping and innovation. Partnerships with international companies are being explored to facilitate growth in maritime infrastructure and services.
Tax officials from the Directorate of Revenue Intelligence have visited offices and a manufacturing facility of Radico Khaitan. These actions are part of a broader industry-wide review on bulk Scotch imports. The scrutiny focuses on whether major liquor companies are misclassifying bulk Scotch to reduce tariffs. Radico Khaitan stated that the visits do not affect its financial or operational activities.
Airlines flew fewer passengers in Sep; traffic falls 6.5% on annual basis
The month of September 2026 marked a 6.5% decline in domestic air traffic from the previous year. SpiceJet's market share dwindled from 1.2% to 0.6%, whereas IndiGo and Air India gained traction. IndiGo led in On Time Performance at 91.1%, just ahead of Akasa Air at 90.8%. Sadly, many passengers dealt with a series of flight delays and cancellations across different airlines throughout the month.
Versigent leases nearly 3 lakh sq ft of industrial space in Chennai
The company will pay a monthly rent of Rs 1.08 crore for the space, at a rate of Rs 37 per sq ft per month. The agreement includes a security deposit of Rs 6.48 crore and provides for a 15% escalation in rent every three years.
Bajaj Auto CFO flags production crunch for electric two-wheelers and three-wheelers
Bajaj Auto is currently experiencing significant demand for its electric two-wheelers and three-wheelers. Despite these constraints, electric vehicles contributed greatly to the company's growth this quarter. The electric portfolio's revenue grew substantially, indicating a shift in consumer preference towards these vehicles. Bajaj plans to enhance its production capacity to meet this rising demand and address supply challenges.
AI in banking here to stay; banks must gear up for change, say experts
At the BFSI Insight Summit 2026, banking leaders said AI and autonomous agents could transform banking, but warned that balancing innovation with risk controls would be crucial
IndiaMART bets on AI to sharpen its edge, but warns of uncertain returns
IndiaMART InterMESH Ltd reported a 9.8% increase in net profit for the second quarter of 2026. The company has integrated artificial intelligence into over 20 operational functions, enhancing various processes. AI models such as ChatGPT and Claude are utilized to optimize operations and improve efficiency. Revenue for the quarter increased by 9.7%, reaching 429 crore, reflecting growth in the standalone business.
The CBIC has issued new GST registration guidelines for 2026, clarifying documents, approval timelines and verification rules. Eligible applicants can get GST registration within three working days, while tax officers face limits on unnecessary queries.
Hyundai BAYON arrives in India: Price, engine, features, safety tech & cabin explained
Hyundai BAYON arrives in India: Price, engine, features, safety tech & cabin explained
IIM Calcutta summer placements see 475 students secure 546 offers from 156 companies
IIM Calcutta has completed the summer placements for its 63rd MBA batch, attaining incredible success. A remarkable 475 students have secured jobs, with consulting roles leading the way, supported by offers in finance and general management. Furthermore, numerous first-time participating companies expressed their intent to hire. This success is a testament to the institute's esteemed reputation and strong connections in the industry.
L&T flags inflation, geopolitical risks, leans on its capabilities to navigate global uncertainty
Larsen & Toubro reported a 33% profit increase for the second quarter, driven by strong order inflows. Infrastructure spending and reconstruction activities in the Middle East contributed significantly to this growth. The company expressed concerns over inflation, geopolitical tensions, and trade uncertainties impacting the global economic outlook.
Hiranandani Communities, Krisala expand partnership to Rs 20,000 cr projects
The Hiranandani Group and Krisala Developers are set to roll out four new developments in Pune and Nagpur. Their focus is on delivering high-quality homes, including a unique golf lifestyle township. With the first project in Pune expected to attract considerable revenue post-completion, both companies are confident the market will continue to flourish in the year ahead.
Checking your CIBIL score does not lower it, and a high salary does not guarantee a better score. From credit checks to loan approvals, here are three common credit score myths borrowers should know to avoid mistakes and improve their loan eligibility.
Shah Rukh's 'King' poster sparks online debate, netizens draw parallels with 'Dhurandhar 2'
Shah Rukh Khan revealed the poster for his upcoming film titled King, set to release on December 24. The poster features him in a rugged look, holding a gun and a rose. Social media reactions were mixed, with some users praising the aesthetic while others made comparisons to Ranveer Singh's film. Critics pointed out similarities with other action movies, suggesting potential influence or imitation.
Jio, Airtel add nearly equal mobile subscribers in September
Reliance Jio and Bharti Airtel reported similar subscriber gains in September as Reliance Jio added 2.71 million users. Bharti Airtel followed closely by adding 2.69 million subscribers during the same month. Bharat Sanchar Nigam Ltd also grew by 625,633 subscribers while Vodafone Idea recorded an increase of 550,119 users. Overall, India's wireless mobile subscriber base grew by 6.57 million to surpass 1.3 billion for the first time.
Can a video recording protect your will from future disputes?
Videographing a wills execution can help establish the testators mental capacity, voluntary consent and compliance with execution formalities, but cannot guarantee legal validity.
India needs to build up shipping capacity to cash in on cheap crude, IOC chairman says
India is facing challenges in effectively utilising discounted crude oil due to inadequte shipping capabilities. The chairman of Indian Oil Corporation highlighted the increasing freight costs as a significant obstacle to profits. He stressed the importance of investing in shipping and building storage for crude and liquefiedpetroleum gas. Higher freight rates for Russian oil exports have led to difficulties for Indian refirners.
Maruti Suzuki flags West Asia-linked commodity costs as margins come under pressure
Maruti Suzuki India achieved record quarterly sales in the September quarter despite facing profitability challenges. The company reported a significant decline in operating earnings due to increasing material costs and adverse foreign exchange movements. While domestic sales grew substantially, net profit also experienced a decline compared to the previous year. The firm's efforts to manage costs were not sufficient to offset the impacts of rising expenses.
The PFRDA has now pushed back the implementation date for updated PoP charges that impact NPS and NPS Lite subscribers to December 1, 2026. This extension provides extra time for subscribers to prepare.
India's first tokenized bonds worth 1,025 crore mark a shift in bond trading. A PPFAS report explains how blockchain technology, digital rupee settlement and Demat 2.0 could speed up transactions, reduce settlement risks and benefit investors.
Wabtec bags Rs 839 crore orders for Vande Bharat Sleeper trains
Wabtec Corporation has recently announced securing orders valued at approximately Rs 839 crore for Vande Sleeper trains. These agreements aim to enhance service availability and passenger safety for Indian Railways. Additionally, Wabtec will provide essential onboard systems including brake systems and doors. Indian Railways plans to manufacture 50 Vande Bharat Sleeper trainsets to expand long-distance overnight travel.
How to get maximum value when buying a budget-friendly used car
Choosing a budget car involves understanding the hidden costs that can arise post-purchase, which are often overlooked. Buyers should prioritize a thorough inspection to identify potential issues before finalizing a purchase. It is common for budget vehicles to require consumables and maintenance shortly after acquisition, so planning is essential. Inspections should include checks for paint quality, engine performance, and essential service history in order to avoid future expenses.
Mahindra Lifespaces to develop North Bengaluru project with Rs 1,250 crore GDV
Mahindra Lifespace Developers Ltd has entered into a joint development agreement for a 10.05-acre land parcel in North Bengaluru. The development project will have an estimated gross development value of Rs 1,250 crore. It is expected to provide approximately 1 million square feet of saleable area, focusing on premium residential apartments. This project will enable the company to expand its presence in the growing North Bengaluru market.
LANXESS, Hindustan Colas sign pact to advance innovative road construction technologies in India
LANXESS and Hindustan Colas have signed a memorandum of understanding for future collaboration. They aim to explore advanced road construction technologies specifically for the Indian infrastructure market. The agreement involves evaluating innovative solutions in bitumen and asphalt modification technologies.
Balanced advantage funds increased average net equity allocation from 52.65% in September 2024 to 64.98% in August 2026. Thirty of 34 schemes raised exposure, reflecting reduced hedging and greater sensitivity to market movements.
SIMCA Advertising PAT rises 60pc, revenue jumps to Rs 109 cr in Apr-Sept
SIMCA Advertising reported a profit after tax of Rs 12.14 crore for the first half of FY2026-27. This represents a significant growth of 60.3% compared to the previous period last year. The company's revenue from operations reached Rs 109.24 crore, which is a substantial increase from Rs 48.71 crore. The growth was supported by an expansion in their Digital Out-of-Home advertising network and new client mandates.
UAE property owners have received communication from the income tax department regarding undisclosed assets. Taxpayers are prompted to assess their foreign assets in relation to their tax status. Those eligible can use the FAST-DS 2026 scheme before the deadline. Failure to disclose such assets may result in severe penalties or taxation. It is important to review and act upon this nudge to avoid repercussions.
Global Market: European shares fall as HSBC earnings drag banking stocks
European shares fell as HSBC's disappointing revenue weighed on banking stocks, while political unrest in France dampened investor sentiment. The STOXX 600 slipped, with gains in healthcare stocks following Novartis' upgraded earnings outlook offering some support.
Karva Chauth is an occasion when many couples shop for jewellery, and lab-grown diamonds are gaining popularity as an alternative to natural diamonds. Experts explain GST, making charges, capital gains tax, and resale value, and how these compare with natural diamond jewellery.
Paper mills seek PMs intervention as coal costs surge 50% in two months
The Indian Paper Manufacturers Association has appealed to the Prime Minister for assistance with inadequate coal supplies. Escalating coal costs and irregular railway rake availability are significantly impacting paper mill operations across India. The Association stressed that higher fuel costs are straining manufacturing economics while domestic producers face competition from imports. They requested priority coal allocation for the pulp and paper industrys captive power plants.
21 share jumps to 488 in 16 months, but ITAT rejects woman's 88 lakh capital gains claim. Here's why
A woman's 4.41 lakh share investment generated 92 lakh in sale proceeds, but the Mumbai ITAT rejected her capital gains exemption claim and upheld additions of nearly 95 lakh. Here's why bank statements and demat records failed to establish her case.
Starting from November 1, 2026, vehicle owners residing within a 20 km radius of toll plazas can apply for a discounted local FASTag pass. The yearly fee is set at Rs 1,500 for locations outside city limits and Rs 3,000 for those within.
5 most elite credit cards in India: Joining fees go up to 5 lakh; what do you get?
Healthware partners Fujifilm to expand use of precision surgical imaging solutions
Healthware and Fujifilm partner to expand intra-operative ultrasound in India, boosting real-time surgical imaging and navigation across hospitals nationwide
JLR starts local Defender production, cuts prices by up to Rs 34 lakh
Jaguar Land Rover has begun producing the Defender 110 at its Pune facility to serve Indian customers. This local production is expected to decrease prices by up to Rs 34 lakh for the top-end model. The company believes this move will lead to a potential 20 percent increase in sales volume. With over 9,000 Defenders sold in India, it has gained popularity and cultural significance.
Radico Khaitans premium spirits have a moment as regular volumes lose ground
Radico Khaitans net revenue rose 16.8% year on year to Rs 1,745.1 crore in Q2 FY27, while net profit jumped 66.1% to Rs 230.9 crore. Premium volumes surged 35.8%, offsetting a decline in Regular & Others volumes, which the company attributed to market-specific factors and a higher base.
Gadkari urges industry to manufacture tunnel boring machines in India
Nitin Gadkari urged the industry to focus on developing tunnel machinery indigenously due to recent export controls from China. The Indian government plans to invest over Rs 7 lakh crore in infrastructure projects, including highways and tunnels. Gadkari highlighted the importance of quality in highway construction and stated that poor-performing contractors would face consequences. Additionally, he mentioned ongoing efforts to improve logistics costs and connectivity through various projects.
JioHotstar expands to Nepal through DGO partnership
JioHotstar has launched its streaming services in Nepal through a collaboration with the local platform DGO. This partnership allows viewers to access a variety of Indian films, series, and live international sports. Subscriptions are available in two plans, which offer flexible pricing for local audiences. DGO will also continue to add new Nepali films weekly to enhance the viewing experience.
Swiggy renewed accident and health insurance for more than 25 lakh delivery partners for FY25-26. The programme, provided with IndusInd General Insurance, includes accidental death and hospitalisation cover.
Samay Raina's Indias Got Latent reportedly generates crores in gross revenue per episode from sponsorships, advertising, streaming and tickets.
Cipla expects US business to draw support from upcoming product pipeline
Cipla reported a significant decline in its consolidated net profit for the second quarter of FY27. The company's North American revenue fell by 19% due to increased competition impacting sales of generic Revlimid. However, Cipla anticipates that its upcoming product pipeline will support performance in North America. In India, domestic revenue rose, providing some resilience amidst challenges in the US market.
RBIs new EDF rules, effective October 1, 2026, expand export reporting to service providers. An expert explains the filing process, possible exemptions for freelancers and creators, and how exporters can manage costs.
Coal Indias H1 capex rises 27% to Rs 7,966 crore, beats target
Coal India Ltd has reported a capital expenditure increase of 27% to Rs 7,966 crore for the first half. The company surpassed its H1 target of Rs 7,286 crore, achieving 109% of the planned outlay. Significant investments focused on mine infrastructure development, land acquisition, and diversification initiatives. Over Rs 1,000 crore was spent on operational readiness of mining projects during this period.
AI agents could transform banking, but risks remain, say industry experts
Business Standard BFSI Summit: Banking leaders said banks must strengthen security controls and authenticate AI agents as autonomous banking develops
Road ministry introduces concessional local pass for FASTag user living near toll plazas
The pass, which will cost Rs 1500 or Rs 3000 depending on the location of the toll plaza, will be effective from November 1, 2026 and will help eligible residents living within 20 km of the plaza and who regularly travel through nearby toll plazas for work, education and other local needs.
New NFO alert! The ICICI Prudential BSE Power ETF, which gives investors exposure to the entire power value chain, closes this week. Here's a look at the key details Deadline, minimum investment amount, portfolio allocation, and expected returns.
Bangladesh suffers from intertwined growth, trade and banking crises
Digital Desk | New Delhi, Oct 27 (IANS) Bangladesh's economy is confronting three interconnected crises, namely slowing growth, a widening trade deficit and severe banking-sector weaknesses, a new report has said. These risks make economic stability difficult and creates pressure for urgent reforms, the report from Bangladesh-based publication The Asian Age said. Citing data from the World Bank, the report said that Bangladesh's economic growth slowed to 3.4 per cent in fiscal year 2025-26 and is expected to remain flat in FY27, well below the government's 6.5 per cent target. The IMF projected growth of 3.2 per cent for FY27 and average inflation of 10.9 per cent, highlights concern over weakening real incomes and rising poverty risks, the report noted. Though remittances so far helped prevent the countrys external accounts from crisis, the report said that exports and foreign investment must increase to prevent an enormous trade deficit to prevent an economic collapse. Bangladesh Bank data showed imports rose 8.6 per cent year-on-year to $6.44 billion in July FY27, while exports reached $4.35 billion, widening the trade deficit to $2.09 billion. The banking sector presents the most acute of the three crises. According to Bangladesh Banks latest Financial Stability Report, the banking sectors capital adequacy ratio (CRAR) had turned negative by the end of 2025, the report noted. The banking sector restructure will require nearly 10 per cent of GDP, while, the FY2026-27 budget reportedly allocated only Tk 40,000 crore to support weak banks and financial institutions, far less than estimated requirement of Tk 6 lakh crore. When banks weaken, credit flows contract. In January 2026, private-sector credit growth fell to 6.03 per cent, one of the lowest levels in the past decade. A contraction in credit restricts investment and employment, further undermining economic growth, the report explained.
DPIIT advances trust-based governance to ease business regulations across India
According to an official statement, the government has reduced 47,957 compliance requirements across Central Ministries and States and Union Territories (UTs)
Following the RBI repo rate hike and banks lending rate revisions, home loan borrowers may look to secure lower interest rates with their existing lender. However, switching to a cheaper loan may come with hidden charges. Heres what borrowers should consider before making a move.
Northern Railway has planned over 6,200 special train trips for Diwali and Chhath Puja, a 30% increase from last year's 4,666 trips. The additional services aim to ease the festive rush on routes connecting Delhi and other northern cities with Uttar Pradesh, Bihar and West Bengal. Extra ticket counters, staff and security arrangements have also been introduced at stations.
PSU vs private banks: The real story behind the Q2 divergence
Public sector banks are experiencing stronger net interest margin growth compared to their private counterparts this quarter. Despite facing margin pressures, private banks continue to show growth in profits and loan portfolios. The rising costs associated with funding and foreign currency deposits are impacting private banks' profitability. Corporate loan advances are increasing faster than retail loans across multiple private institutions.
Tata Consumer spills the tea on its whole new growth recipe
Tata Consumer Products reported a better-than-expected second-quarter net profit of 469 crore, up from 404 crore a year earlier, driven by steady demand for packaged foods and beverages. The company is expanding beyond tea and salt, with its growth businesses now contributing 38% of India revenue, up from 32% last year.
DA hike: Central government employees and pensioners are awaiting the announcement of the July 2026 dearness allowance (DA) hike. With the Union Cabinet expected to meet on October 28, they are hoping for an update on the revision, which would be effective retrospectively from July 1.
COTRAV BLACK enters India's luxury live-entertainment market
COTRAV BLACK will debut as an exclusive platform for high-profile live events in India. The first notable event is A.R. Rahman's concert scheduled for November 1, 2026. This initiative aims to address concerns of privacy and crowd management faced by elite attendees. COTRAV BLACK will provide personalized hospitality in a private setting. It seeks to become a sought-after privilege for India's influential professionals.
Gold rate: Gold prices for 22k jewellery rose today in various showrooms across cities like Delhi and Mumbai. In contrast, the IBJA indicated a decline in gold and silver rates compared to yesterday's evening rates.
Gold price: Gold prices have recently experienced significant volatility, opening doors for savvy investors. Experts advocate for a methodical approachspreading out investments across multiple months. Current financial dynamics, including rising US interest rates and forthcoming Federal Reserve discussions, are poised to affect gold valuations. Gold exchange-traded funds stand out as a practical investment choice due to their affordability and liquidity. Careful planning and strategy are essential for effective market navigation.
E100 ethanol fuel India: The government has amended vehicle emission rules to allow E100, a fuel containing 100% ethanol, in compatible flex-fuel vehicles alongside E85. The move supports India's push to increase ethanol use and reduce dependence on imported crude oil. However, E100 cannot be used in regular petrol cars unless they are specifically designed for the fuel, and no nationwide rollout date has been announced.
Delivering a key ruling on borrower rights, the court observed that an outstanding financial liability cannot automatically be treated as a criminal offence.
Bandhan Bank denies acquisition talks with First Abu Dhabi Bank
Bandhan Bank has denied reports of acquisition-related discussions with First Abu Dhabi Bank, calling its reference in a news report factually incorrect. The lender said it was not involved in any such discussions or proposal.
Investing 3,500 monthly in SIPs from age 25, with a 10% annual increase and an assumed 12% return, could grow to over 3.09 crore in 30 years. Starting just five years later reduces the corpus to 1.49 crore.
No purchase bill for inherited gold? Here's how to calculate tax
Inherited jewellery may be tax-free when received, but selling it can trigger capital gains tax. The acquisition cost, holding period and sale price determine the tax bill.
Housing societies looking to redevelop must qualify under Development Control Regulations and pass a resolution during a meeting. After the resolution, a development agreement can be signed with a builder, and a Power of Attorney can be issued. The society must ensure transparency and due diligence in the redevelopment process to protect member interests. Legal aspects, such as compensation for delays and entitlement, should be clearly outlined in agreements.
Parag Parikh Flexi Cap among top 9 flexicap funds with highest risk-adjusted returns. Check details
Sharpe ratio is a risk-adjusted return measure. It measures the excess return over the risk-free rate per unit of risk, measured in terms of standard deviation. Here are the top 5 flexi-cap funds with the highest risk-adjusted returns (Source: MF Screener).
What is the best way to invest in gold monthly with a modest salary?
ET Wealth Reader's Query: I just started my first job. My salary is modest, but I would like to invest a small amount in gold every month as a long-term investment. What are the safest and most secure ways to invest in gold through monthly investments? Which option is suitable for someone starting out with a limited budget?
Blackstone opens second India office in Bengaluru
Blackstone has established its second office in India, specifically a global capability centre in Bengaluru. This centre aims to improve the firm's operational capabilities and support its global businesses effectively. Susan Yung, a senior managing director, will manage the new centre, leveraging her extensive experience. The company has been a significant investor in India, expanding across various sectors over the past two decades.
Reel creators, drone shows and dcor: the new costs of Indian weddings
Indian weddings are adding reel creators, drone shows and curated experiences to the bill. Couples are responding with DIY hacks, tighter budgets and financial planning to keep costs under control.
A banking giant, a battered stock: Can HDFC Banks new chief turn the tide?
With Dhanteras 2026 approaching, gold ETFs may draw investor interest amid changing gold prices and fresh subscription restrictions on some gold FoFs. Here is the list of the top 5 ETFs that have performed well across different periods, and what you should consider before investing.
DA news: More than 55 lakh central government employees are anticipating a dearness allowance hike announcement soon. The hike is expected to be announced following the cabinet meeting scheduled for October 28, 2026. If approved, the DA rate may increase from 60% to an estimated 63%, resulting in salary increases. Employees are hopeful for the announcement after delayed expectations in previous meetings this month.
The Employees' Provident Fund Organisation may discuss increasing the minimum monthly pension under the Employees' Pension Scheme. A proposal to raise the pension from Rs 1,000 is anticipated during the next Central Board of Trustees meeting.
Supreme Court issues notice to Centre on media groups' challenge to privacy law
A petition from the Digital News Publishers Association challenges provisions of India's digital privacy law. The law may restrict journalistic activities by requiring consent from individuals under investigation. News publishers argue that this could hinder the freedom of the press and expose confidential sources. Concerns regarding the potential penalties for non-compliance have also been raised by the petitioners.
