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Cult.fit receives Sebi approval for proposed IPO
Cult.fit has received Sebi observations for its proposed IPO, comprising a fresh issue of up to Rs 950 crore and an offer for sale. Revenue rose 36.26% in FY26, while adjusted EBITDA margin improved significantly as fitness operations expanded nationwide.
Gold FoFs halt fresh investments before Diwali: What investors can do
Several fund houses have suspended lump-sum purchases and new investment plans, while existing instalments and redemptions continue.
US stocks: US market opens muted as tech jitters linger; Tesla gains
On Friday, Wall Street displayed a mixed performance as investors expressed apprehensions regarding the influence of the AI sector on semiconductor stocks.
RBI approves merger of Emirates NBD's India branches with RBL Bank
The Reserve Bank of India has approved the merger of Emirates NBD Bank's Indian branches with RBL Bank. This amalgamation will officially take effect on December 1, 2026, according to the central bank's announcement. Emirates NBD Bank initially opened its first Indian branch in Mumbai in 2017, expanding later to Gurugram and Chennai. The Finance Ministry had previously approved Emirates NBD's acquisition of a significant stake in RBL Bank.
DLF Q2 profit rises to Rs 1,301 crore as luxury project sells out
DLF reported a 11% year-on-year increase in July-September net profit to Rs 1,301 crore, with sales bookings reaching Rs 3,800 crore. Its Aureva luxury retirement project in Gurugram sold out, while the company maintained a strong net cash position.
Ujjivan SFB to raise Rs 409 crore from IFC, three insurers
Ujjivan Small Finance Bank plans to raise Rs 409 crore through a preferential share allotment to IFC and three insurers at Rs 64.73 per share. The bank also reported a 200% year-on-year jump in Q2 net profit to Rs 365 crore.
Govt issues notification on PM CARES scholarship, spells out rules for children without Aadhaar
The government has notified Aadhaar verification rules for PM CARES for Children scholarship beneficiaries. Children cannot be denied benefits solely because authentication fails or they lack Aadhaar, subject to prescribed alternative identity-verification procedures.
Federal Bank Q2 profit jumps 45% to record Rs 1,386 crore
Federal Bank posted record Q2 profit of Rs 1,386 crore, up 45% year-on-year, as net interest income climbed 26%. Advances grew 22% and deposits 19%, while asset quality improved, with gross NPAs declining to 1.32% during the September quarter.
PC Jeweller stock jumps 11% after Cupid promoter Halwasiya buys shares worth 70 cr
PC Jeweller had previously announced that it had cleared outstanding dues to all 14 consortium banks, eliminating debt of approximately 3,000 crore
Kotak Mahindra Bank among 5 stocks that hit 52-week highs & rallied up to 15% in a month
Five BSE 500 stocksShyam Metalics, PVR Inox, Kotak Mahindra Bank, Indian Hotels and Laurus Labshit fresh 52-week highs as the Sensex gained 413 points. All five stocks posted monthly gains of around 8% to 15%, signalling positive momentum.
Aggressive RBI measures hand India bonds a ninth weekly loss
Indian government bonds have experienced ongoing losses for nine consecutive weeks due to RBI's monetary tightening measures. The benchmark 6.94% 2036 bond yield has climbed over 62 basis points during this period, reflecting investor concerns. Additionally, the RBI's commitment to support the rupee and manage liquidity has further dampened bond market sentiment. Market participants are wary of possible future actions regarding bond yields as the RBI addresses financial stability.
LTM reported a marginal 0.1% decline in Q2 FY27 profit to Rs 1,379.9 crore, while revenue rose 13.6% to Rs 11,807.6 crore. Enterprise AI and Business AI revenue grew 47%, and the company declared an interim dividend of Rs 25.
Indias forex reserves fall by $8.58 billion to $726.03 billion
The latest decline follows a $12.952 billion fall in the previous week, extending the downward trend from Septembers record high
India is fastest-growing polymer compound market, expected to grow to $16 bn by 2031: Crisil
Demand to be led by automotive, power cables, telecom cables, water pipelines, and oil & gas pipelines segments
Ray Dalios All Weather portfolio returned 9.9% annually over 15 years in India, compared with 10.4% for a 60:40 portfolio and 12% for the Nifty 500 TRI. However, it had lower volatility and a smaller peak-to-trough fall, highlighting the trade-off between returns and risk.
IT lifts Nifty to second weekly gain as global AI rotation fuels tech rally
Nifty 50 closes at 23,146.15, up 148.80 points or 0.65% for the session, while Sensex ends at 74,729.27, adding 413.66 points
Rupee rises 7 paise to close at 94.92 against U.S. dollar on RBI intervention
Elevated crude oil prices and foreign fund outflows capped the rupee's gains, according to forex traders
IT Stocks Propel Indian Markets Higher Amidst Sebi's Trading Reforms
Indian benchmark indices Sensex and Nifty closed higher for the second consecutive day, primarily driven by robust buying in IT stocks following strong quarterly results and positive global trends. Tech Mahindra notably surged over 8% after reporting a significant jump in net profit.
Bajaj Housing Finance Q2 Results: PAT rises 18% YoY to Rs 757 crore, AUM grows 25%
Bajaj Housing Finance reported an 18% year-on-year rise in Q2 FY27 profit to Rs 757 crore, while net interest income increased 10%. Assets under management grew 25% to Rs 1.58 lakh crore, with asset quality remaining largely stable.
Federal Bank appoints Cognizants Rajesh Varrier as independent director
Federal Bank has appointed Rajesh Varrier as a non-executive independent director on its board. This decision follows the announcement of the bank's impressive financial results for the September quarter. Varrier previously served as president of global operations at Cognizant and brings extensive management experience. The bank reported a significant rise in net profit and net interest income in comparison to last year.
Urban Company Q2 Results: Loss widens to Rs 182 crore; revenue jumps 41% YoY
Urban Company reported a net loss of Rs 182 crore in Q2FY27 as investments in its quick services business, InstaHelp, weighed on profitability. Revenue rose 41% year-on-year to Rs 537 crore, while orders grew 103%. The company also approved a fresh capital raise of up to Rs 2,500 crore, subject to shareholder approval.
Aditya Birla Sun Life AMC launches two retail funds from GIFT City
The two offerings ABSL Emerging Market Equity Fund (Outbound) and ABSL India Growth Fund (Inbound) mark the subsidiarys initial retail product launch at the Gujarat International Finance Tec-City
Indian equities extended gains as strong IT earnings lifted sentiment, with the Nifty rising 149 points to 23,146 and Sensex gaining 413 points. Tech Mahindra led advances, while broader markets slipped. Analysts flagged 23,000 as crucial for further upside.
Rupee rises for sixth straight session to 94.92 against US dollar
The domestic currency extended its winning streak as central bank intervention supported sentiment, while oil prices and foreign investor selling remained concerns.
Missed a gold loan EMI? An overdue payment does not automatically mean your pledged jewellery will be auctioned. Understand the RBI framework, how lenders handle defaults, the notice process, and what borrowers can do to reclaim their gold before it is sold.
Man earning 3,500 a month faced 1.46 crore tax demand; how ITAT Mumbai came to his rescue
ITAT Mumbai quashed a 1.46 crore reassessment against a man who said he earned 3,500 a month, ruling that the tax department failed to establish valid service of the notice. The tribunal did not decide whether the disputed transactions were genuine.
Sensex, Nifty, Share Prices Highlights: Benchmark indices Sensex and Nifty closed higher for the second straight day on Friday, driven by strong buying in IT stocks amid firm global trends.
Rupee posts best week in seven months, fundamentals key for lasting turnaround
This week, the Indian rupee saw an impressive 2% increase, attributed to effective policy measures designed to alleviate short-term depreciation pressures. Despite the positive movement, analysts caution that a lasting recovery is contingent upon significant improvements in the overall economic landscape. Additionally, India's merchandise trade deficit climbed to $30.21 billion in September, prompting concerns among investors about the impact of frequent foreign exchange regulations on market stability.
Health insurance claim: 5 things to prepare before hospitalisation to avoid last-minute hassles
Prepare for a health insurance claim with 5 essential steps before hospitalisation. Check policy documents, identify network hospitals, organise medical records, understand coverage limits and maintain a claims folder to reduce paperwork hassles and better manage potential out-of-pocket expenses.
Mahindra XUV 3XO ZNG: Where Power Meets CNG
Mahindra and Mahindra has officially expanded its popular compact SUV lineup with the launch of the Mahindra XUV 3XO ZNG, its first-ever mainstream CNG passenger vehicle at an introductory starting price of Rs 9.99 lakh (ex-showroom).
Can a Rs 10,000 monthly SIP build a Rs 2 crore corpus? Check how long it may take
A Rs 10,000 monthly mutual fund SIP could build a Rs 2 crore corpus in 25 years and six months at 12% annual returns. Increasing contributions annually by 5% or 10% could shorten the timeline to 22 years and nine months or 20 years and one month, respectively.
Yes Bank may take a blow in core capital ratio
Motilal Oswal Mutual Fund: Kalyan Jewellers, MCX, Paytm among top 10 stock holdings in September
Motilal Oswal Mutual Fund held an AUM of Rs 1.70 lakh crore across 93 funds as of September 30, 2026. According to a report by Motilal Oswal Financial Services, One 97 Communications, Eternal, Kalyan Jewellers, MCX, and Sterlite Technologies featured among the fund house's top 10 equity portfolio holdings.
Sunil Singhania-founded Abakkus Flexi Cap Fund increased holdings in Reliance Industries, HDFC Bank, Groww and 32 other stocks in September. The fund also added Zydus Lifesciences, exited Cyient DLM and trimmed stakes in two stocks.
IDBI Bank sale to Fairfax enters final lap, RBI nod now key: DIPAM
The strategic sale of IDBI Bank to Canadas Fairfax Financial Holdings is expected to be completed by the end of FY27, subject to RBI approval, DIPAM Secretary Arunish Chawla said. Fairfax will acquire a 60.72% stake from the government and LIC for about Rs 53,000 crore, in what the government described as a major step in the banks long-delayed privatisation.
Yes Bank Q2 preview: Will strong profit, NII growth offer relief for investors amid AT-1 bond saga?
Yes Bank is expected to post a 48% YoY jump in Q2 net profit to Rs 969 crore, driven by robust loan growth and higher NII. However, investor focus remains on the Supreme Court ruling invalidating its Rs 8,415 crore AT-1 bond write-off, which has pressured the stock.
Laurus Labs shifts gears as CDMO emerges as key growth driver; Nuvama sees 24% upside
Nuvama Institutional Equities has initiated coverage on Laurus Labs with a Buy rating and a target price of Rs 2,520, implying a 24% upside from the current market price. The brokerage expects the drugmakers shift from its traditional anti-retroviral (ARV) business towards contract development and manufacturing (CDMO) to drive its next phase of growth.
SBI has raised its benchmark lending rates by 25 bps from 15 October 2026. Find out how the hike could affect EMIs and total interest on 30 lakh, 50 lakh, 80 lakh and 1 crore home loans, and how choosing a higher EMI instead of a longer tenure could help reduce borrowing costs.
Global Market: European shares set for biggest weekly gain since August on earnings optimism
European shares climbed on Friday, with the STOXX 600 heading for its strongest weekly gain since August, supported by robust corporate earnings and stabilising technology stocks. Industrial stocks led advances, while investors monitored eurozone inflation data, elevated oil prices and artificial intelligence spending concerns for clues on monetary policy and growth.
Indian Railways has announced 3,548 graduate-level NTPC vacancies across four categories. Applications are open till 6 November 2026. Selection includes two computer-based tests, document verification and medical examination.
Indian Hotels, Oriental Hotels rally up to 6%; what's driving hotel stocks?
Hotels were impacted in Q1 by the US-Iran conflict; however, analysts at Axis Securities expect a strong Q2, supported by improving metro demand and the BRICS Summit.
TIPS Music zooms 10% to hit 52-wk high after Q2 nos, 6.50/share dividend
For the July-September quarter, TIPS Music reported a 23 per cent Y-o-Y increase in the profit after tax (PAT) at 65.5 crore.
Vedanta Power and Cupid among top 5 smallcap stocks that saw highest mutual fund buying in September
Five smallcap stocks saw the highest net buying by mutual funds in September, according to Motilal Oswal Financial Services. Cupid led the list, with a 337.7% month-on-month rise in value change, followed by Bharat Coking, Vedanta Power, Godawari Power and Natco Pharma.
China's central bank to boost support for global investors in financial markets
China's central bank plans to improve access for global investors and issuers to its financial markets by strengthening cross-border financial connectivity, developing the offshore yuan market and promoting yuan-denominated bonds as globally recognised collateral.
India's financial assets have grown sharply since 2020, with mutual fund AUM, bank deposits, and equity holdings rising. But does this reflect wider market participation or growing wealth among existing investors? Zerodha's Nithin Kamath raises questions about who benefits.
Retirement planning can combine savings with investments and systematic withdrawal plans to provide a regular income. Here's how you can ensure a 50,000 monthly income from your investment after retirement.
ICICI Bank Q2 Results Preview: PAT, NII may rise up to 21% YoY; margins, deposit growth in focus
ICICI Bank is expected to report 15.8-18% year-on-year growth in net interest income and 15-21% growth in profit after tax in Q2FY27, according to brokerage estimates. Investors will track net interest margins, loan and deposit growth, operating profitability and asset quality, with margin pressure and provisioning trends remaining key monitorables.
IT stocks power Nifty above 23,100 in mid-session trade; aviation, FMCG drag
Information technology stocks continued to anchor the rally. Tech Mahindra was the top performer on the Nifty 50, surging 8.04 per cent to 1,782.60 after touching an intraday high of 1,797.00.
Mukesh Ambani taps massive Reliance workforce to boost Jios record IPO
Mukesh Ambani is mobilising Reliance Industries workforce to boost interest in Jio Platforms record IPO. The conglomerate has encouraged employees to consider investing, released October salaries early and set aside shares for eligible employees and Reliance shareholders.
Are India's Small Cars Finally Making a Comeback?
India's entry-level passenger vehicle market is experiencing a significant recovery, with mini car wholesales surging 86.3 per cent year-on-year in the first half of FY27, driven by improved affordability and stronger overall demand.
Indian bonds hang tight ahead of supply
Indian government bonds remained stable on Friday as traders contemplated the central bank's forthcoming policy moves. A noteworthy auction of 10-year bonds is on the horizon, anticipated to shed light on market demand and interest. Recent shifts in US Treasury yields have bolstered the Indian market. The Reserve Bank of India is fine-tuning financial conditions to cope with capital outflows and escalating shorting costs of the rupee.
DMart share price hits over 3-year low; down 28% from April high
The stock price of DMart dipped 1.5% to 3,322.90 on Friday, quoting at its lowest level since March 2023. The stock slipped 9% in the past seven trading days.
Lessons India Inc Can Learn From Tata Turmoil
'The larger lesson for India Inc is that promoter oversight and professional management are not inherently contradictory. The difficulty arises when the boundaries between the two are unclear.'
Can you apply for a business credit card without having a business? Expert explains
Can you get a business credit card without owning a registered business? Freelancers, consultants and self-employed professionals may qualify, depending on the issuers eligibility criteria, proof of income, business activity and documentation requirements. Read on to know the complete rules.
Solara Active Pharma share price zooms 16% on Q2 turnaround; H1 net up 103x
Solara Active Pharma Sciences reported a consolidated net profit of 28.59 crore in Q2FY27 and 44.70 crore in H1FY27. It posted a loss of 9.29 crore in Q2FY26 and profit of 0.42 crore in H1FY26.
Gold, Silver rebound on softer Dollar and falling yields; domestic gains capped by Rupee strength
The recovery follows Thursdays rebound, which was supported by a decline in the 10-year US Treasury yield to a three-week low
Sebi's CAS rule change bigger positive for brokers vs exchanges: Jefferies
Jefferies said the decision to use the volume-weighted average price (VWAP) to calculate settlement prices of derivatives contracts on expiry days is a bigger positive for brokers than for exchanges.
YES Bank's comeback has a ghost problem
22, 24 carat Gold prices remain steady across metro cities on October 16
22, 24 carat Gold prices remain steady across other cities on October 16
Delhi property tax: Check SUNIYO 2.0 benefits, eligibility and how to apply by 31 December
Havent paid your Delhi property tax regularly or have years of outstanding dues? The MCDs SUNIYO 2.0 scheme offers eligible property owners and occupiers a chance to settle their dues with significant relief. Heres how to apply before the 31 December deadline.
HDFC Life shares slip despite analyst upgrades after steady H1 results
The stock touched an intraday low of 532.60 before recovering, with traded volume of 33.57 lakh shares worth 181.62 crore by 1.17 pm
The Eternal SBI Card offers 10% instant discount for spends on Zomato, Bistro, District, and eligible spends on Blinkit. Cardholders also earn 5% cashback with partners including Uber, ixigo, Urban Company, and Apollo.
Beyond the sell-off: What an MSCI downgrade threat could mean for Indonesia
Indonesian stocks suffered a massive 11 per cent decline on Friday after MSCI threatened its emerging market status, which could prompt massive foreign selloff from the Southeast Asian economy.
10 stocks held by 100+ MF schemes in September rally up to 205% in CY26; 6 turn multibaggers
Ten stocks held by over 100 mutual fund schemes gained 75% to 205% in CY26 through September. Six of these stocks more than doubled, led by Welspun Corp and MTAR Technologies.
UPL shares jump 5% on speciality chemical business prospects
The brokerage said Superform is targeting revenue growth of 2023% annually, with phosphorus and cyanide chemistries emerging as key growth drivers
YES Bank AT-1 bond reinstatement may hit CET1 ratio by 250 bps
The reinstatement of 8,415 crore in AT-1 bonds could reduce YES Bank's CET1 ratio by 250 basis points on a pro forma basis, though its Tier 1 capital ratio would remain unchanged at 14%
Mutual funds bar fresh investments in Gold ETF FoFs. What are the rules for existing SIP investors?
Seventeen mutual fund houses have temporarily restricted fresh investments in specified gold exchange-traded fund-of-funds (FoFs), including lumpsum contributions, new SIPs and switch-ins. Existing SIPs and redemptions generally remain permitted, subject to scheme-specific conditions.
Axis Bank Q2 preview: NIM may fall on FCNR(B) flows; PAT could rise 37-43%
Axis Bank Q2 results preview: The net interest margin may come under pressure in Q2FY27 due to elevated FCNR(B) deposit mobilisation, with analysts projecting a sequential decline of 7-12 bps.
BoE's Bailey says energy price pass-through remains limited, rate risks persist
Bank of England Governor Andrew Bailey said rising energy prices have had limited broader inflationary effects so far, but warned that second-round pressures remain uncertain. With inflation at 3.1%, above the 2% target, policymakers are weighing potential interest rate hikes against economic resilience, rising borrowing costs and geopolitical uncertainty.
From worst to best: How IT stocks staged a Rs 2.6 lakh crore revival this week
Indian IT stocks staged a sharp comeback this week, adding Rs 2.6 lakh crore in market value as the sector gained 12% to become the best-performing index. Better-than-expected Q2 earnings, positive management commentary and a selloff in AI-linked stocks helped revive sentiment, even as concerns over AI adoption and earnings growth persist.
Zensar, HCL Technologies rebounded from 100-month EMA support, says analyst
Virat Jagad, technical research analyst at Bonanza, flags that HCL Technologies and Zensar Technologies witnessed buying interest at their respective 100-month exponential moving averages on the chart
Home loan EMI: How much salary do you need for a 50 lakh, 75 lakh or 1 crore home?
Home loan EMI: Buying a home worth 50 lakh, 75 lakh or 1 crore requires careful financial planning. Experts explain the monthly salary needed to manage home loan EMIs, along with the down payment, upfront costs and other expenses buyers should consider before taking a loan.
ICICI Bank Q2 Preview: Profit may rise 8-14% YoY, NIM likely to contract
The bank is slated to post its September quarter earnings this Saturday (October 17) along with several other leading private banking names.
Reliance welcomes Starlink, stresses adherence to Indian laws
Reliance Industries Ltd (RIL) has publicly welcomed competition from Elon Musk's Starlink in the satellite communications sector, asserting that all players, including Jio, must abide by Indian laws and policies.
HDFC Bank Q2 preview: Single-digit PAT growth likely; margin pressure seen
HDFC Bank Q2 results preview: While deposit growth is expected to be strong, supported by strong FCNR(B) inflows, pressure on margins is seen.
Rupee gains 96 paise, but Nifty falls 157 points on crude, FII outflows
Nifty 50 fell 157.10 points, or 0.70%, to close at 22,363.35, while the Sensex declined 547.65 points, or 0.76%, to 71,924.68
Senco, PC Jeweller zoom up to 17%; why are gold-related stocks dazzling?
In Q2FY27, demand remained healthy despite the elevated gold price (up 28% YoY) supported by festive demand, premiumisation and continued market share gains by organised players, analysts said.
Global Market: Japanese investors extend foreign bond selling streak to four weeks
Japanese investors sold foreign bonds for a fourth consecutive week, pushing year-to-date net outflows to 5.34 trillion yen, the highest since 2022. Rising domestic bond yields are encouraging capital repatriation, while foreign investors increase Japanese bond and equity holdings. However, life insurers limited selling suggests repatriation remains gradual.
Indian Bank reports a Rs 1,388 crore gain from sale of NSE shares
Indian Bank gained Rs 1,388 crore from the NSE listing, boosting second-quarter non-interest income by 50% to Rs 3,953 crore. The one-time gain offset pressure from rising bond yields, despite Rs 123 crore in mark-to-market losses. Meanwhile, Canara Bank and UCO Bank reported declines in other income, reflecting weaker treasury earnings.
Jio IPO GMP at 20%: Grey market signals Rs 220 premium as brokerages say subscribe
Jio Platforms Rs 30,200 crore IPO has a grey market premium of Rs 220 ahead of its October 21 opening. Emkay Global and SBI Securities highlight its telecom leadership, earnings growth and digital expansion, while flagging valuation, regulatory and capital expenditure risks.
Multi-asset allocation funds and omni FoFs offer exposure to multiple asset classes, but their returns can differ significantly. A comparison of their asset allocation and underlying holdings shows how the investment strategies of these two categories differ.
Rupee relief comes with disruptions in financial markets
The Reserve Bank of India took decisive steps to stabilize the rupee, significantly affecting financial markets. New constraints led to skyrocketing hedging costs and dwindled liquidity in the forex sector. Moreover, bond yields soared to their highest in three years due to escalating oil prices and foreign outflows. Banks brace for possible downturns and reduced foreign-exchange dealings in the next quarter.
HFCLs AI, data centre exposure drives Nuvamas Buy call; target implies 56% upside
Nuvama has initiated coverage on HFCL with a
US Market: Fed's Goolsbee says latest US inflation data is discouraging
Federal Reserve Bank of Chicago President Austan Goolsbee called the latest US consumer and producer inflation data discouraging, raising concerns about persistent price pressures. While temporary factors such as tariffs and geopolitical conflicts could ease, he warned that demand driven by the rapid expansion of AI data centres could require a policy response.
Sell gold on rallies as rate hike concerns weigh: Mirae Asset Sharekhan
Praveen Singh of Mirae Asset Sharekhan has said that spot gold is facing tremendous selling pressure on rate hike concerns as inflation continues to run hot. It is advisable to sell into rallies.
A report by Equirus Wealth finds that many women assume family wealth responsibilities after major life events without structured financial training. With an estimated 73 lakh crore set to pass to women over the next decade, it urges families to prepare successors.
Jio Platforms IPO: Driving Reliance's Debt-Free Goal and Shareholder Returns
Jio Platforms, the digital arm of Reliance Industries Ltd (RIL), is launching its initial public offering (IPO) with a price band of 1,065-1,119 a share, aiming to make RIL a net-debt-free company and create long-term shareholder value.
