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US stocks: Nasdaq ends down as chipmakers fall and bank earnings roll in
In a recent trading session, the Nasdaq index took a hit as chip stocks continued their downward spiral, amid diverging results from major banks like Citigroup and Goldman Sachs. The PHLX chip index faced a substantial decline, sparking fears surrounding competition in this sector. Despite the turbulence, analysts express optimism about future earnings linked to AI-driven innovations.
States asked to expedite capex loans utilisation
The Department of Expenditure has urged states to expedite their use of interest-free loans for capital investment. With only a quarter of funds allocated utilized, swift action is necessary to meet spending targets. The central government released around 51,000 crore under the Scheme for Special Assistance to States for Capital Investment by October 1. The department is actively working with states to resolve delays and identify projects.
NY Fed President Williams sees no need for a rate hike in 2027
At a recent conference, John Williams from the Federal Reserve Bank of New York expressed optimism about a potential interest-rate increase this year, suggesting inflation could hit the 2% goal by next year. He cited the role of artificial intelligence in affecting inflation rates while also addressing the sector's supply-demand imbalance.
Jyotiraditya M. Scindia discussed significant banking developments at the North East Bankers Conclave 2.0 in Agartala. He outlined future targets including opening new bank branches and increasing ATM installations in unbanked areas. Collaborative efforts between banks and government were emphasized to enhance development in the Northeast region. The Chief Minister of Mizoram, Lalduhoma, highlighted the importance of banks in creating economic opportunities for citizens.
LIC to launch three insurance plans on 19 October: Benefits, features and eligibility explained
LIC will offer three new insurance plans from 19 October 2026. New Jeevan Dhara-II provides deferred annuity income, Health Shield offers fixed health benefits, and New Cancer Cover provides financial payouts for specified cancer diagnoses.
US chip stocks slide as Chinas CXMT advances; AI spending fears rattle investors
Shares in US chip manufacturers tumbled, primarily influenced by memory and data storage firms, following competitive moves from China's CXMT. The sector faced significant pressure, stemming from concerns over escalating rivalry and demands for AI investments. Key players like Micron Technology, Seagate Technology, SanDisk, and Western Digital saw notable declines in their stock prices.
Ashish Kacholia, Kotak Life lead Fusion CXs Rs 315-crore anchor book ahead of Rs 702-crore IPO
Fusion CX raised Rs 315 crore from anchor investors ahead of its Rs 702-crore IPO, with Ashish Kacholia and Kotak Mahindra Life Insurance among the participants. The issue opens on October 14 and closes on October 16. Swastika Investmart has assigned a Neutral rating, citing valuations and limited scope for re-rating.
Rupee gains 145 paise in two trading sessions, but disquiet sets in forex market
On Tuesday, the rupee ended at a five-week high, gaining 49 paise to close at 95.28 per US dollar
NSEIX, London Stock Exchange sign pact to deepen India-UK market links
NSE IFSC and the London Stock Exchange have signed an MoU to explore dual listings, cross-listings, new financial products and cross-border trading connectivity between GIFT City and London. The proposed collaboration could expand global investor access for Indian issuers, improve market connectivity and strengthen GIFT IFSCs role as an international financial hub.
The Karnataka High Court ruled that postal authorities could not deny PPF interest after allowing an irregular HUF account to operate for 12 years. The decision highlights the authorities' responsibility for irregularities they permitted.
Coal India arm BCCL hikes prices of select coking coal grades by up to 14%
The revision covers select steel, direct feed and washery grades, with industry experts expecting a modest immediate impact on buyers.
$845 billion windfall in 2026: AI boom drives unprecedented wealth creation for tech billionaires
Technology billionaires added a record $845 billion to their combined fortunes in the first nine months of 2026, driven by the artificial intelligence boom, according to figures from the Bloomberg Billionaires Index cited by The Kobeissi Letter. Their wealth reached $4.6 trillion, while billionaires in other sectors collectively lost $62 billion.
Sebi proposes review of framework for monitoring utilization of issue proceeds
Sebi has invited public comments on recommendations to review rules governing the monitoring and disclosure of issue proceeds by listed companies. The consultation paper, based on a working groups report, also covers penalties for non-compliance and related-party transaction provisions. Stakeholders can submit comments and supporting rationale by November 3, 2026.
Stocks, mutual funds, gold and property: How LTCG tax differs across asset classes
LTCG tax rules differ across stocks, mutual funds, gold and property, with different holding periods, tax rates and exemptions. Here is what investors need to know about the tax treatment of their investments under the current framework.
Sebi proposes tighter IPO proceeds monitoring, fines for defaulting firms
Sebi proposes mandatory monitoring agencies for all issuances, with stock exchanges empowered to levy fines and freeze promoters' demat accounts for persistent non-cooperation
Buying property in a relatives name? Key benami law and tax risks to know
Buying property in a spouses, childs or parents name can invite benami law and tax scrutiny if ownership and funding arrangements do not meet legal requirements. Know the statutory exemptions, potential penalties and documents buyers should maintain to establish legitimate ownership
Eastern Railway has replaced standard blankets with floral comforters in First AC coaches of the Howrah-New Delhi Rajdhani Express from 11 October. The new bedding will be washed and sanitised after every round trip to improve hygiene.
F2A secures 3,000 crore in subscriptions, targets 3,500 crore corpus
The fund expects to deploy capital in around seven companies this year, with three investments in advanced stages of discussion for the next quarter
Market Trading Guide: Balrampur Chini Mills among 4 stock recommendations for Wednesday
Balrampur Chini Mills, Cyient, Aditya Infotech and eClerx Services feature among four stock recommendations for Wednesday, with analysts outlining entry levels, stop losses and upside targets based on technical indicators.
Former financial services secretary Nagaraju Maddirala appointed IL&FS CMD for two years
Nagaraju Maddirala, previously a financial services secretary, has been appointed Chairman and Managing Director of IL&FS. His appointment was confirmed by the Ministry of Corporate Affairs on October 12 following Nand Kishore's tenure. Maddirala will receive a monthly remuneration of Rs 5.5 lakh along with a company car. IL&FS is currently under a government-appointed board due to previous financial issues.
Sitharamans LTCG, STT remarks lift market sentiment; rupee gains for third straight session
Investors responded positively to the Finance Ministers comments at the Bloomberg New Economy Forum as the rupee extended its recovery
Indian govt allocates 16 lakh tonnes of sugar for sales during October 13-31 as prices surge
The next 25 days will be crucial to guard against further spurt in prices as traders anticipate negligible stock at mill levels
US banks post strong profits, but inflation and rate risks cloud outlook
Major US banks reported higher third-quarter profits, supported by resilient consumer spending, AI investment and stronger trading revenue. However, executives warned that persistent inflation, elevated interest rates and geopolitical risks could strain household finances and slow economic growth. JPMorgan Chase missed earnings estimates, while Goldman Sachs, Citigroup and Wells Fargo reported stronger results.
IMF raises India's growth forecast to 7% by FY27
The International Monetary Fund (IMF) has increased India's growth forecast to 7 per cent for 2026-27, up from 6.4 per cent, attributing this robust outlook to resilient domestic demand and strong services activity, positioning India as one of the fastest-growing major economies.
Tomato prices surge: Will they cross 100 per kg again? | Trending commodity picks | EP 119
Heat, drought and disease: Whats driving tomato inflation?
Jeevan Pramaan: How pensioners aged 80 and above can submit life certificate online
Pensioners aged 80 and above can submit their Jeevan Pramaan Digital Life Certificate from October 1, while others can do so from November 1 to 30. Heres how to generate a life certificate using Aadhaar-based face authentication, the documents required and alternative submission methods.
Prestige Estates Q2 sales bookings rise 20% to Rs 7,225 cr on better housing demand
During the second quarter, Prestige Estates Projects Ltd celebrated a remarkable 20 per cent increase in sales bookings, generating pre-sales of Rs 72,250 million. The launch of new residential projects toward the quarter's end was met with enthusiastic market reception and promising sales momentum. Ongoing developments also demonstrated robust sales, illustrating the sustained demand for housing. The company remains committed to expanding its real estate portfolio across key Indian cities.
Puravankara Q2 sales bookings surge 62% to Rs 2,136 crore on housing demand
In the September quarter, Puravankara Ltd reported a remarkable surge in sales bookings, hitting Rs 2,136 crore, a jump from Rs 1,322 crore a year earlier. With the sales area expanding by 22 percent to 1.83 million square feet, the company also successfully delivered 977 homes, which amount to 0.97 million square feet. Puravankara's strategic focus remains on sustaining growth while optimizing pricing and capital management.
Sebi extends easier IPO rules till March 2027, bankers body says
The Securities and Exchange Board of India (SEBI) on Tuesday extended a temporary relaxation that allows companies planning to launch initial public offerings (IPOs) to revise the size of their fresh issues without filing fresh draft documents, providing greater flexibility to issuers navigating volatile market conditions.
Will Budget see axing of LTCG tax? Sitharaman says...
Finance Minister Nirmala Sitharaman stated that the Reserve Bank of India (RBI) will persist in its efforts to prevent excessive volatility in the rupee, which has significantly depreciated against the US dollar due to global uncertainties, despite India's strong macro-economic fundamentals.
PTC Industries among 4 stocks hitting 52-week highs; rally up to 15% in a month
Four BSE 500 stocks, including PTC Industries and Aditya Infotech, hit fresh 52-week highs as the Sensex rallied 1,109 points on Tuesday. The stocks have gained up to 14% over the past month, reflecting continued buying interest across select counters.
Adani, Jabil Join Forces For AI Hardware Manufacturing
Adani Enterprises and US-based Jabil have signed a non-binding agreement to establish a 50:50 joint venture in India. This JV will manufacture artificial intelligence and data centre equipment, including AI racks, servers, storage, networking gear, and cooling systems, targeting both Indian and global markets. The collaboration aims to capitalise on India's accelerating data centre demand and the surging global investment in AI compute infrastructure.
OnMeta accelerates global expansion; signs MoU with Kazakhstan's QazPost
OnMeta has signed a memorandum of understanding with QazPost to explore digital financial solutions. This collaboration aims to integrate OnMeta's digital infrastructure with QazPost's extensive distribution network.
US stocks opens lower after bank earnings; chips weigh
The S&P 500 and the Nasdaq opened lower on Tuesday as chip stocks came under selling pressure again, while investors assessed a mixed set of quarterly results, including reports
RERA gives homebuyers legal protection against excessive advance payments, delayed possession, unauthorised changes to property plans, construction defects and false advertising. Here are five rights buyers should know before purchasing a home.
AI To Drive Half Of Infosys' Work: CEO
Infosys CEO Salil Parekh stated on Tuesday that the company's AI services, currently contributing over 8% of revenue, are growing rapidly and could account for almost half of its work within two to three years. He highlighted the strong demand for AI services, the company's hiring and training efforts for graduates in AI, and discussed potential risks like infrastructure challenges and societal backlash.
The best financial advice is often to do nothing, says Value Research CEO Dhirendra Kumar
Value Research CEO Dhirendra Kumar says good financial advice often means helping investors avoid unnecessary transactions and impulsive decisions. Speaking at the Global Financial Planners Summit Team 2026, he stressed the importance of financial education at home, disciplined investing and understanding products before making decisions with long-term financial consequences.
India's benchmark bond breaks 4-day falling streak as value investors return
Indian government bonds have rebounded following a significant rise in yields, drawing investors back into the market. The benchmark bond yield has risen due to a central bank policy rate hike and liquidity measures. The rupee has appreciated against the dollar after the central bank implemented new measures to support the currency. Meanwhile, traders are anticipating US inflation data, which could influence Federal Reserve decisions.
Indian equity markets rallied over 1.5% on Tuesday, with the Sensex rising 1,109 points and the Nifty 50 gaining 358 points. IT stocks led the advance, with HCL Tech and TCS topping the gainers lists. Kotak Mahindra Bank, Eternal and Maruti Suzuki were among the notable laggards.
Birla Advocates Gradual, Returns-Based AI Adoption
Aditya Birla Group Chairman Kumar Mangalam Birla stated on Tuesday that investments in artificial intelligence should be driven by potential returns, not by a fear of missing out. Speaking at the 2026 Bloomberg New Economy Forum, Birla indicated that his group would adopt AI more gradually than previously planned, moving away from an AI arms race mentality. He also discussed the varied applications of AI across different business sectors, the challenges of capital allocation, and the impact of geopolitical events on global companies.
UK Pension Income: how is it taxed for NRIs in India?
A returning NRIs UK workplace pension is tax-free in India while they qualify as RNOR, but becomes taxable as salary income once they become ROR, even if it remains in a UK bank account.
Tata Elxsi Q2 Results: Profit rises 10% YoY to Rs 170 crore; revenue grows 15%
Tata Elxsi reported a 10% year-on-year rise in net profit to Rs 170 crore in Q2, while revenue from operations grew 15% to Rs 1,056 crore. Higher employee and operating expenses, along with lower other income, weighed on margins. Net profit for the first half of FY27 rose 14%.
Investors building a mutual fund portfolio for a 10-year goal should balance large-cap stability with mid- and small-cap growth, while diversifying across debt, gold and international equities. Experts explain how valuations, risk appetite and rebalancing should shape portfolio allocation.
US stocks: Goldman Sachs quarterly profit rises on equities strength
Goldman Sachs reported a remarkable profit increase in the third quarter, largely thanks to fluctuating market dynamics. Equities revenue soared by 72%, amounting to $6.44 billion, even as fixed income revenue saw a minor dip. Investment banking fees grew by 21% due to a rise in underwriting activities, despite a general decline in M&A transactions.
JPMorgan posts rare profit miss as dealmaking, bond trading lose momentum
(Compares with estimates in headline and paragraph 1, adds analyst comment in paragraph 4, updates shares, details and context throughout)- JPMorgan
Indias steel demand to grow 8% in 2027, fastest among major markets
Infrastructure, real estate, manufacturing and renewable energy projects to drive consumption; global demand outlook subdued by Chinas slowdown
Global Market: European shares rise as lower oil prices lift sentiment; tech stocks slide
European markets saw an uptick, driven by declining oil prices that buoyed sentiment across numerous sectors. However, the technology industry struggled with fears stemming from rising competition from Chinese firms, particularly ChangXin Memory Technologies, which raised alarms for traditional memory-chip players. Investors geared up for critical economic data from Germany, as they hope for clearer insights into the regional economy.
CoinSwitch Ventures is rebranding as BlackLane Capital, an independent global early-stage investment firm. It plans to invest up to $5 million per startup across fintech, AI, enterprise infrastructure, consumer applications and digital assets. Co-founder Ashish Singhal discusses the broader investment strategy and its ambition to enable over $100 million in startup funding.
BMW owner wins 14-year battle: Insurer told to pay 70 lakh after car gutted in fire
A consumer commission has directed United India Insurance Company to pay 70 lakh to a BMW owner whose car was gutted in a fire after a tyre puncture left him stranded on a Maharashtra highway.
A study by Equirus Wealth finds that 70% of women have the final say over their investment portfolios, yet none of the respondents received structured financial training. Four in ten assumed financial responsibilities after a major life event, highlighting gaps in financial preparedness and wealth succession among Indian families.
Why LTCG tax is back in focus: What the 12.5% rate and 1.25 lakh exemption mean for investors
LTCG tax is back in focus after SBI Research proposed scrapping the tax on equity investments. Here are the latest LTCG tax rates, the 1.25 lakh exemption on eligible equity gains, property taxation rules and what investors need to know.
Sebi extends relaxation to revise fresh issue size till March 2027
IPO-bound companies can increase or decrease fresh issue sizes by up to 50 per cent without filing fresh draft offer documents, provided the main objective of the issue remains unchanged
IBM India MD: AI Needs Vigilance, Not Artificial Pauses
IBM India and South Asia MD Sandip Patel states that technology, especially AI, should not be artificially paused. He advocates for vigilance and proactive governance to foster innovation while addressing potential risks. Patel also highlights IBM's India-specific initiatives like Bharat Core and a sovereign AI stack, and discusses the impact of AI on jobs and global supply chains.
Why Indias factories struggle to keep up with the world
An Indian factory takes 23% longer to fill the same export order than a Vietnamese factory and pays for 18% more labour-hours to do it.
HCLTech sparks IT-led surge; Nifty posts sharpest single-day gain since June
Nifty 50 closed at 22,721.95, up 358.60 points or 1.60%, recovering sharply from an intraday low of 22,288 and Sensex ended 1,109.10 points higher at 73,033.78
Mumbai ITAT has ruled that 82 lakh received by a flat owner as hardship compensation under a redevelopment agreement was not taxable as income. The ruling offers guidance to homeowners receiving compensation from builders during housing society redevelopment.
Rupee jumps 40 paise to close at 95.38 against U.S. dollar
At the interbank foreign exchange market, the rupee opened at 95.53 against the U.S. dollar; in intraday trade, the rupee touched a high of 94.96 and a low of 95.53 against the greenback
Jio Platforms may draw more than $20 billion in bids for IPO
Jio Platforms Ltd. is generating tremendous interest for its forthcoming initial public offering, with over $20 billion already attracted. The company targets a valuation around 10.3 trillion rupees, or $108 billion. Notable global investors such as Fidelity and Allianz are on board for this primary issue IPO. Expect the launch next week, as final anchor investor discussions are underway.
Brokers call: Aptus Value Housing (Buy)
Choice Institutional
Investing in small and mid caps? DSP Mutual Fund recommends SIPs or experienced fund managers
DSP Mutual Fund recommends investing in small- and midcap stocks through SIPs or experienced fund managers who have navigated multiple market cycles. Its latest analysis finds large caps more attractive on valuations, while elevated relative valuations in small and mid caps warrant caution despite their strong outperformance over the past year.
RBI to continue efforts to curb rupee volatility; external factors driving currency fall: FM
Finance Minister Nirmala Sitharaman mentioned the Reserve Bank of Indias ongoing efforts to stabilize the rupee's value. She noted that the rupee has significantly depreciated due to global uncertainties, despite India's strong economic fundamentals. Sitharaman highlighted recent measures by the RBI that helped the rupee appreciate temporarily in value. She also acknowledged the healthy debate around tax rationalization in the securities market.
Rural Buyers Drive Used-Car Demand Growth
More than 40 per cent of Cars24's sales are now linked to rural registration and transport office (RTO) locations, although procurement remains concentrated in urban markets.
SBI Research urges govt to scrap LTCG tax on equities to attract foreign investors
SBI Research has urged the government to scrap long-term capital gains (LTCG) tax on equities and extend holding periods to two or three years to attract foreign investment. The proposals come amid heavy FPI outflows and pressure on the Indian rupee.
Sensex, Nifty, Share Prices Highlights: Indian equities rebounded sharply on Tuesday as IT stocks rallied on earnings optimism, lifting benchmark indices by more than 1.5 per cent. The decline in volatility supported sentiment, although elevated crude oil prices, inflation and uneven risk appetite remained concerns.
Rupee jumps 40 paise to close at 95.38 against US dollar
Mumbai, Oct 13 (PTI) The rupee strengthened for the third straight session on Tuesday and appreciated 40 paise to close at 95.38 (provisional) against the US dollar, supported by various RBI measures aimed at reducing spot dollar demand and curbing excessive positioning in the foreign exchange market. Forex traders said measures including a dedicated dollar window for oil marketing companies through designated banks and higher costs for certain foreign exchange hedging transactions are expected to reduce dollar demand in the spot market and curb speculative positions against the rupee. At the interbank foreign exchange market, the rupee opened at 95.53
Bitcoin trades near $83,000 as macro headwinds and US political uncertainty weigh on sentiment
Bitcoin consolidated near $83,000 as rising US bond yields, dollar strength, and ETF outflows weighed on sentiment. Analysts highlight Wednesday's US CPI inflation data as the next key catalyst, with strong support holding near $81,000 and major resistance positioned at $84,000.
HDFC Bank, Axis, Kotak Mahindra Report Strong Q2 Deposit Growth
India's leading private-sector banks, including HDFC Bank, Axis Bank, and Kotak Mahindra Bank, reported robust deposit growth in the July-September quarter (Q2FY27), significantly aided by the Reserve Bank of India's concessional FCNR(B) swap window.
11 equity MF categories attract inflows in September; smallcap funds lead the pack
Global Market: Eurozone bond yields fall as tech stock selloff boosts safe-haven demand
Eurozone government bond yields decline as renewed turbulence in technology stocks drives demand for safe-haven assets. Germanys 10-year yield falls to 3.43%, while US Treasury yields also retreat. However, fiscal concerns and interest-rate uncertainty continue to cloud the outlook for global bond markets.
India's AI Opportunity: IBM MD On Building For Billions
IBM India and South Asia MD Sandip Patel stated that India is at a defining moment with a unique opportunity to shape exponential technologies like artificial intelligence, emphasizing that when India builds, it builds for billions, leading to scalable impact. Speaking at the IBM Think 2026 event, Patel highlighted that the AI revolution is still in its early stages, requiring enterprises to redesign their operations around agents, real-time data, automation, hybrid architecture, and trust. He also introduced the concept of digital swaraj or sovereignty in the Indian context, stressing the importance of control over operating environments, data, technology, and AI execution. IBM also announced an MoU with MeitY Startup Hub to accelerate India's deep tech innovation and startup ecosystem, providing startups access to IBM's technology expertise and platforms like watsonx and Sovereign Core.
Sold TDRs for 6.02 crore? ITAT clarifies capital gains tax rules for landowners
The ITAT has ruled that the sale of Transferable Development Rights (TDRs) for 6.02 crore attracts capital gains tax after the land was surrendered for road widening. However, eligible land costs and deductions must be considered when calculating taxable gains.
Infosys Co-founder Nilekani Rejects AI Job Wipeout Fears
Infosys co-founder Nandan Nilekani has dismissed fears that artificial intelligence will lead to job losses in India's IT services sector, calling such concerns hogwash and disaster marketing. Speaking at the Bloomberg New Economy Forum 2026, Nilekani argued that AI will actually increase demand for IT firms as it necessitates complex business transformations and creates new types of jobs, particularly in small businesses.
Large businesses must help MSMEs upgrade, build competitiveness, says MSME secretary Khera
MEME ministry secretary Bharat Khera has called for greater technology transfer, vendor development and supply chain integration as smaller firms face global disruptions and rising costs.
RBI to curb rupee volatility amid external pressures, says Finance Minister Sitharaman
Recent currency movements have prompted regulatory action, with the government pointing to external pressures while emphasising Indias sound economic fundamentals.
Shriram Finance rallies 7%; what's driving NBFC stock price?
Shriram Finance stock corrected 10% over the past month amid a combination of factors, including renewed escalation in the West Asia conflict, a sharp rebound in crude prices and elevated bond yields.
Festive sales 2026: decoding discounts and behavioural nudges behind e-commerce deals
E-commerce giants use psychological tricks like countdown timers, artificial price inflations, and easy financing to drive impulse buys during festival sales. Experts warn consumers to track price histories and look out for hidden fees on No-Cost EMI options before buying.
A falling stock is not always cheap: Kotak explains the role of earnings and valuations
Kotak Institutional Equities argues that stock prices are driven by earnings expectations and PE multiples rather than market flows or liquidity. Rebutting myths about FPI outflows and IPOs draining secondary market cash, the brokerage highlights business fundamentals and mental DCF valuations as the true price drivers.
The Income Tax dept is scrutinising records at the Badshahpur tehsil office in Gurugram after it found the same PAN was used for 25,000 property registrations, worth transactions of 55,000-crore.
Mint Explainer | Does India have a chance to escape the tariffs on Russian oil?
In the past, India has cut back oil purchases from sanctioned nations. This time, the situation is different. The global oil supply is tight due to the Russia-Ukraine and West Asian crisis.
FM Sitharaman's LTCG tax remarks lift Sensex by 1,100 points. Can markets hope for a review?
Indian equities rallied on Tuesday, with the Sensex surging over 1,100 points after Finance Minister Nirmala Sitharaman said discussions around long-term capital gains tax (LTCG) and securities transaction tax (STT) were ongoing. IT stocks also supported gains, led by HCL Tech and TCS. However, mixed broader-market trends, elevated crude prices and inflation concerns continued to temper investor sentiment.
Musk: Starlink must be affordable in India, criticises 'monopoly'
Elon Musk, CEO of SpaceX, stated that Starlink's services in India must be affordable for widespread adoption and that competition would benefit consumers, despite potentially reducing Reliance Jio's profits. He criticised Reliance Jio as a 'de facto monopoly' in India, alleging that certain business conglomerates were blocking Starlink's entry.
Survey Of India Orders IdeaForge Drones
ideaForge Technology has received an order from the Survey of India for its Q6 V2 unmanned aerial vehicles. These advanced, DFCA-certified drones will enhance the Survey of India's ability to collect high-quality aerial and geospatial data for surveying and mapping across diverse terrains, offering efficient and rapid deployment for large-scale projects.
RBL Bank reported a significant increase in net profit for the September quarter of 2026. The bank achieved a 37% growth in net interest income, achieving Rs 2,131 crore. Net advances grew by 42%, while deposits rose by 34%, supported by FCNR(B) inflows. However, margins are expected to moderate as these deposits fully impact the balance sheet.
ICICI Life Insurance share price drops 4% from day's high post Q2 results
ICICI Life Insurance on Tuesday reported 25% YoY jump in Q2FY27 net profit at 374.22 crore, backed by 16.6% YoY growth in net premium income at 13,803.90 crore.
Indian AI- and energy-linked stocks decline as a global technology sell-off deepens, with South Koreas KOSPI plunging amid intensifying competition in the AI sector. Investors reassess AI valuations following sharp losses in Asian semiconductor stocks.
Major Relief: UPI MDR On Rs 2,000+ Transactions Deferred
The National Payments Corporation of India (NPCI) has deferred the implementation of a 0.4 per cent Merchant Discount Rate (MDR) on Person-to-Merchant UPI transactions above Rs 2,000. Originally set for October 15, the new date will be announced after Diwali, providing relief to users and merchants, especially during the festive season. The decision came amidst opposition concerns about the levy burdening consumers.
Why Is Volvo Considering Another Price Hike?
Geopolitical disruptions have made shipping times unpredictable and raised costs for Volvo Car India, which may have to increase vehicle prices if the situation persists, its Managing Director Jyoti Malhotra said on Monday.
UPI MDR fee: Why did the govt decide to implement charges after Diwali 2026?
UPI MDR fee update: NPCI has deferred the implementation of Merchant Discount Rate (MDR) charges on select person-to-merchant (P2M) UPI transactions until after Diwali 2026. The exact date is yet to be announced. The deferment does not mean the proposed charges have been cancelled.
UPI MDR on transactions over Rs 2,000 deferred till Diwali
The National Payments Corporation of India (NPCI) has deferred the implementation of a 0.4 per cent Merchant Discount Rate (MDR) on Person-to-Merchant (P2M) UPI payments above Rs 2,000, originally set for October 15, until after Diwali.
