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Global shares are mixed after US stock rally, and oil prices gain more than 1%
Oil prices rose more than 1% after an attack on a major Saudi Arabia refinery by Iran-backed Houthi rebels on Tuesday renewed supply concerns
US Market: Rising Treasury yields put US banks under pressure over bond losses
Rising US Treasury yields are deepening unrealised losses in American banks bond portfolios, forcing lenders to weigh immediate losses from selling securities against the capital and liquidity pressures of holding them.
PhonePe launches Tatkal NPS partnering with leading banks for 250 contribution, enabling micro-investments towards retirement planning Check key features, how users can book directly on app.
Attractive interest rates, fee waivers: What to watch for in festive loan offers
The real benefit depends on the borrower's credit profile, the lender's eligibility criteria and the hidden charges.
Dalal Street heads into Samvat 2083 after a turbulent year that saw the Sensex plunge over 10,750 points and the Nifty shed nearly 12% since last Diwali. The Iran-US conflict, elevated crude oil prices, persistent FII outflows and AI-led IT selloff weighed on sentiment. Can easing headwinds revive the market?
The RBI has reportedly proposed a 50 lakh sub-limit for certain overseas remittances under the Liberalised Remittance Scheme (LRS). Heres what the LRS means for your travel plans, overseas spending and investments, and which expenses may be exempt.
Hyundai Motors India has reported a standalone net profit of Rs 1,189 crore for Q2 FY27, reflecting a notable decrease of 24% compared to Rs 1,570 crore during the same period last year. However, their operational revenue has grown to Rs 20,191 crore, representing an 18% increase from Rs 17,061 crore in the corresponding quarter of the previous fiscal year. This performance illustrates the company's resilience amidst shifting market conditions.
Jio Platforms Rs 12.5 lakh crore debut marks a new milestone in the Ambani familys wealth creation journey, tracing Reliances evolution from its Rs 10 crore IPO in 1977 to a digital technology giant.
The CPSE has revised IDA rates effective October 1, 2026, with rates varying across different pay scales. The latest order specifies revised percentages for three pay structures and a separate payable amount under the 1987 pay scale. Check the new rates and what the memorandum states.
Banks worry more about geopolitics than borrowing costs, survey shows
Geopolitical risks and supply-chain disruptions are major barriers to private sector capital expenditure growth. A survey indicates that banks anticipate over 9% growth in industrial credit in the coming months. Public sector banks exhibit greater concern over these risks compared to private and foreign banks. Key sectors expected to experience credit demand include infrastructure and auto components.
Vedanta Q2 Results: Profit zooms 78% YoY to Rs 6,202 crore; revenue surges 57%
Vedanta Q2 Results: Vedanta Ltd reported a 78% year-on-year rise in consolidated net profit to Rs 6,202 crore in the September quarter, while revenue increased 57% to Rs 26,356 crore. EBITDA more than doubled to Rs 9,938 crore, with margins improving to 60%. Higher commodity prices and increased production supported earnings, while net debt fell by Rs 4,624 crore to Rs 3,675 crore during the quarter.
Ambani blue-chip bet gets bigger: Investors mark 82% of traded Jio shares for holding beyond listing
Jio Platforms saw nearly 82% of its traded volume marked for delivery on debut, with 10.66 crore shares carried into settlement out of 13.02 crore shares traded. The stock listed at a 21.36% premium to its IPO price, while Nomura, Motilal Oswal and Elara Securities initiated coverage with Buy ratings.
Silver futures decline to 1.95 lakh/kg
Silver contracts for December delivery on the MCX fell 0.72% to 1,95,301/kg in a turnover of 1,089 lots (down 1,416)
The CBIC issues circulars to standardise GST registration, tax demand proceedings and export payment rules, following decisions by the GST Council. Here's what the measures include and what changes for taxpayers
Todays Gold Rate: Gold prices up in Delhi, Mumbai, Kolkata, Chennai, Bengaluru
22, 24 carat Gold prices up across metro cities on October 28
Todays Gold Rate, Octobet 17: Check gold rates in Delhi, Mumbai, Chennai
22, 24 carat Gold prices up across metro cities on October 17
Morgan Stanley turns bullish on Paytm, raises target 35% to 1,950 on earnings upside
The revised target implies an upside of about 22% from Paytm's closing price of 1,601.60 on October 27
Adani Enterprises Q2 Results: Revenue spikes 75% YoY to Rs 37,216 crore, profit at Rs 1,492 crore
Adani Enterprises has reported a 55% drop in consolidated net profit for the second quarter of FY27, with figures reaching Rs 1,492 crore compared to Rs 3,304 crore from the previous year. Conversely, operational revenue surged by 75%, hitting Rs 37,216 crore. This stark contrast is notable due to the previous year's inflated profits, driven by exceptional gains totaling Rs 3,583 crore, highlighting a dramatic shift in financial performance.
Jios IPO surge ends Tatas reign as most valuable India group
Jios current valuation at over 12.5 lakh crore pushes Reliance Groups combined market value past 30 lakh crore, surpassing Tata Groups 25 lakh crore valuation
Silver prices have corrected sharply, dragging silver ETFs into the red over six months. However, Tata Silver ETF led one-year returns at 32.41%, while ABSL Silver ETF topped the three-year list at 37.97%.
Jio effect! Reliance beats Tata to become India's most valued conglomerate
Jio Platforms listing has propelled the Reliance Group to become Indias most valuable conglomerate, with a combined market capitalisation of over Rs 28 lakh crore, surpassing the Tata Group. Jio debuted at Rs 1,358, a 21% premium to its IPO price of Rs 1,119, adding over Rs 12.5 lakh crore to Reliance Groups market value.
Indias tax department needs an AI rulebook
AI is helping Indias tax department flag evasion, but its use in assessments and appeals raises concerns over privacy, accountability and human judgement. The CBDT needs a clear, transparent policy.
Pension scheme: Delhi government has begun door-to-door biometric verification of 4.4 lakh senior citizens. The drive aims to identify ineligible old age pension scheme beneficiaries over three months.
Looking for smallcap MFs? SBI Small Cap, Kotak Small Cap among top 4 picks for September
ETMutualFunds shortlisted four smallcap mutual funds based on returns, consistency, downside risk, outperformance and asset size. These high-risk schemes suit aggressive investors with a long investment horizon.
Global Market: UBS Q3 profit rises 8% to $2.69 billion, accelerates buyback plan
ETMutualFunds identifies Axis, SBI, Kotak and Nippon India small-cap funds using parameters such as rolling returns, consistency, downside risk, outperformance and asset size. These schemes offer strong long-term return potential but are suitable mainly for aggressive investors with a high risk appetite.
HDFC Bank, ITC, HDFC Life, Nestle, Britannia, TaMo PV hit 52-week lows
Colgate Palmolive, M&M Financial Services, Mazagaon Dock, Max Financial, SBI Card, Voltas and Waaree Energies from BSE 200 index also registered 52-week lows on Wednesday.
US Market: AI boom could weaken dollars safe-haven appeal as foreign flows rise
The US dollars safe-haven status could face pressure if the AI investment boom unwinds, prompting foreign investors to pull back from American equities and corporate bonds. Weaker growth, lower interest rates and credit-market stress could amplify the risk.
IT stocks, Reliance drag markets lower at midday; Pharma outperforms as Fed decision looms
Nifty Pharma is the best-performing sectoral index of the session, while Nifty IT remains the worst
Several equity mutual funds delivered returns of more than 20% over the past three years, led by SBI Healthcare Fund at 23.11%. Healthcare, small-cap, mid-cap and infrastructure schemes feature prominently among the top performers.
Investors need suitable products, not complexity, say mutual fund CEOs
Business Standard BFSI Summit: Mutual fund CEOs say smallcap valuations remain a concern, while hybrid funds and specialised investment funds could offer investors more flexibility
Jio Platforms delivers biggest listing gain among Indias 5 largest IPOs, jumps 21% on debut
Jio Platforms shares listed at a 21.35% premium to the IPO price of Rs 1,119, delivering the biggest listing-day gain among Indias five largest IPOs by issue size. Brokerages Nomura, Motilal Oswal and Elara Capital initiated coverage with Buy ratings, citing tariff hikes, subscriber monetisation and digital services growth.
Indian gasoline demand to peak by 2035, says top refiner Indian Oil
Diesel and jet fuel consumption would continue to grow backed by industrial expansion and the aviation sector
US Market: Treasury yields face pressure despite expected Fed rate pause
US Treasury yields face continued pressure from persistent inflation, rising government borrowing and uncertainty over AI investments, despite a recent bond market recovery. Investors are watching the Federal Reserves policy decision and midterm elections for signals on the outlook.
Adani Greens debt maths: Why leverage may fall below 4x as capex cycle matures
Adani Green Energy Limited is looking forward to a decrease in leverage as its upcoming projects start functioning and yield cash flow. With a substantial 2.4 lakh crore earmarked for capital expenditures by FY30, the company aims to enhance its renewable energy capacity. As project loans are paid off, leverage is expected to dip below four times.
BNP Paribas Q3 profit rises 14% to beat estimates; announces 1.3 billion buyback
BNP Paribas reported a 14% year-on-year rise in third-quarter net income to 3.46 billion, beating analyst estimates as record equity trading revenue boosted investment banking. The French lender also announced a 1.3 billion share buyback.
Best gilt mutual funds to invest in October 2026
Mutual fund experts posit that aggressive debt investors might want to consider gilt funds as a way to obtain superior returns. As interest rates decline, the prospect of double-digit returns from these funds becomes more plausible. Nevertheless, gilt funds carry risks linked to interest rate fluctuations, making them appropriate only for savvy investors. Aiming for a long-term horizon is crucial, and monitoring rate shifts is highly advised.
Global Market: China's yuan holds near four-year high as markets await Fed decision
Chinas yuan held near a four-year high against the US dollar as investors awaited the Federal Reserves policy decision for clues on the US interest rate outlook. The currency drew support from stronger-than-expected industrial profit growth, while concerns over persistent inflation and elevated energy prices kept markets alert to potential monetary tightening.
US Market: Fed expected to hold rates as Iran war fuels inflation concerns
The US Federal Reserve is widely expected to hold interest rates steady as rising energy prices linked to the Iran war fuel inflation concerns. With consumer prices accelerating and affordability under pressure, investors will watch Chair Kevin Warshs comments for clues on the December rate decision and the outlook for further monetary tightening.
Mint explainer | From FASTag to satellite tolling: how will highway users pay in the future?
India is moving towards barrier-free tolling using FASTag, number-plate recognition and, eventually, satellite technology. Heres how the transition could affect payments, local commuters and highway users.
Route Mobile posts revenue growth but margin squeeze weighs on stock; shares fall 4%
Mumbai cloud communications platform declares interim dividend of 4 per share; H1 FY26-27 EPS: 22.57; Cash on hand: 13,556 million as of Sept 30, 2026
HUL trades on a volatile note post Q2 results; stock near 6-year low
Hindustan Unilever share price swung in a range of 5% after the company reported 4% growth in Q2 consolidated net profit.
Indian IT stocks fell sharply on Wednsday as renewed optimism around the global AI trade weighed on sentiment. Strong earnings from SK Hynix and Anthropic
With equity markets under pressure in 2026, some flexi-cap and multi-cap mutual funds have managed to stay in positive territory across multiple time horizons. A closer look at their returns across 1, 3, and 5 years reveals how the two categories compare and which schemes stand out.
Can the AI boom sustain SK Hynix's record earnings?
South Korean chipmaker SK Hynix reported record quarterly earnings as booming demand for artificial intelligence memory chips boosted revenue and profitability.
An electric SUV can offset its higher purchase price through lower running and maintenance costs. At 40 km of daily driving, estimated annual savings are nearly 90,000.
LT Foods H1 FY27 revenue rises 22%, North America drives growth; shares in red
Shares of LT Foods Limited were trading lower on Wednesday, falling 6.27% to 367.30 by mid-morning, against a previous close of 391.55
HUL posts 15% sales growth, declares 19 dividend; stock falls 1.8%
FMCG major posted consolidated turnover of 18,071 crore for Q2 FY2026, up 15% USG driven by 7% UVG
Global Market: Japan bond yields rise as investors eye BOJ policy meeting
Japanese government bond yields rise as an AI-led equity rebound weakens safe-haven demand. Investors await the BOJs policy decision and guidance on future rate hikes amid persistent inflation, fiscal uncertainty and concerns over government borrowing.
'You can't regulate your own thing': Sebi chief on exchange self-listing
Speaking at the Business Standard BFSI Insight Summit 2026, Sebi chief Tuhin Kanta Pandey said exchange self-listing raises regulatory concerns over who regulates an exchange's own shares
In the wake of Jio's listing, what are India's biggest share offerings?
The National Stock Exchange, Hyundai Motor India, LIC, Paytm and Tata Capital are among the country's biggest IPOs before Jio
Festivals push up spending for 60% of Gen Z shoppers in India, a YouGov and Rukam Capital report finds. Family expectations are biggest trigger for overspending and online search (41%) has overtaken personal judgement (39%) as the top source of gift ideas, with 25% already using AI to suggest gifts.
Maruti Suzuki shares post marginal gains despite a 26% YoY decline in Q2 FY27 net profit. Jefferies, Nomura and Elara Capital lower their target prices, citing weaker margins and financial income, even as record sales volumes and strong revenue growth offer support.
The next problem to solve: When money arrives, what can merchants do in the meantime?
At GFF 2026, PRISM founder Ritesh Agarwal and Adyens Chief Commercial Officer Roelant Prins discussed why, for merchants such as small hotel owners, how quickly money arrives now matters as much as whether a payment is accepted, and why AI is changing back offices faster than it is changing how people buy.
Subros shares surge 10% after securing Rs 1,225 crore HVAC supply order from Maruti Suzuki
Subros shares surged up to 10% after securing a Rs 1,225 crore HVAC supply contract from Maruti Suzuki for two vehicle models over approximately seven years. The award comes as the stock remains down around 45% over the past year.
'Fully subscribed in 95 minutes: Jio listing leaves with greater responsibility, says Akash Ambani
Isha Ambani says Jio IPO marks a promise, renews Dhirubhai Ambanis trust with investors
Isha Ambani described Jio Platforms stock market debut as a promise to honour the trust of investors and customers, nearly five decades after Dhirubhai Ambani took Reliance Industries public. Jios Rs 30,200-crore IPO attracted over Rs 7 lakh crore in demand, with the stock listing at a 21.3% premium.
Smallcap stocks rally up to 21% in 2 days: Should you chase the rush or book profits?
In the last two trading sessions, smallcap stocks have experienced an impressive resurgence, with certain stocks posting significant gains. As investors weigh their options, they face the decision of whether to capitalize on this upswing or secure profits amidst growing caution. Technical analysts identify critical resistance levels, foreseeing possible pullbacks. They recommend partial profit-taking at these points while also highlighting several stocks with promising recovery signs for potential purchases.
Global Market: Japans Nikkei jumps over 1% as tech rally on Wall Street lifts sentiment
Japans Nikkei rose 1.34%, tracking Wall Streets technology-led rally, as semiconductor stocks gained. Investors remain cautious ahead of the US Federal Reserves policy decision, corporate earnings and geopolitical developments.
Jio Platforms debuts on stock exchanges at premium of 1,358 per share
Jio becomes Indias second-largest company in terms of market capitalisation at 12.5 lakh crore, replacing Bharti Airtel
United Breweries shares rally 14% after Q2FY27 profit jumps 191% YoY
United Breweries shares surged by 14.44% as the company announced a staggering 191% jump in net profit, now at Rs 135 crore for the September quarter of FY27. Additionally, net sales increased by 24% to reach Rs 2,537 crore, driven by strong premium beer sales. However, despite this impressive performance, the stock has seen a decline of about 30% over the previous year.
No. 2 on Day 1: How Jio Platforms broke Indias market cap hierarchy on debut itself
Jio Platforms made a blockbuster stock market debut, listing at a 21.3% premium over its IPO price of Rs 1,119 at Rs 1,358 on the BSE. With a market capitalisation of around Rs 12.5 lakh crore, it became Indias second-most valuable listed company after parent Reliance Industries, overtaking Bharti Airtel. The debut also made Jio Indias largest listed telecom company, placing it ahead of major players such as TCS, SBI and Bajaj Finance.
Global Market: China, Hong Kong stocks rebound as SK Hynix earnings lift AI optimism
Chinese and Hong Kong stocks rebounded after two sessions of losses, led by technology shares amid renewed optimism over artificial intelligence demand following SK Hynixs stronger-than-expected earnings. However, weak consumption and disappointing results from liquor maker Wuliangye continued to weigh on sentiment.
India bonds sink on oil spike before Fed decision
Indian government bonds experienced a significant decline after a prior rally due to rising oil prices. Brent crude oil prices increased following concerns over supply disruptions in Saudi Arabia. The US 10-year Treasury yield also rose, affecting the attractiveness of Indian debt. Markets are anticipating the Federal Reserve's policy decision and rate outlook, impacting investor sentiment.
Rupee rises 4 paise to 95.03 against U.S. dollar in early trade
At the interbank foreign exchange market, the rupee recorded marginal gains and touched 95.03, registering a rise of 4 paise over its previous close
Gold, silver prices crash up to 53% from January peak. Time to buy before Dhanteras, festive season?
Gold and silver prices have corrected sharply from their January peaks, raising questions about whether the fall offers a buying opportunity ahead of Dhanteras and the wedding season. Experts recommend staggered purchases over lump-sum investments, while highlighting interest rates, the US dollar, inflation and industrial demand as key drivers of prices.
Market fall explained: Sensex dives 995 points intraday, Nifty at 22,500
VK Vijayakumar of Geojit Investments said that market has turned decisively weak amid reports of possible renewed strikes by the US on Iran after the midterm elections in the US.
Top 8 equity MFs offer double-digit gains on SIP investments since last Diwali. Do you own any?
Since last Diwali, investors in eight equity mutual funds have enjoyed impressive double-digit gains from their Systematic Investment Plans. The standout performer has been Samco Small Cap Fund, boasting a remarkable return of around 30.85 percent. Other significant contributors include the Motilal Oswal Focused Fund and Bank of India Small Cap Fund. However, with 255 funds experiencing negative returns, market volatility remains key.
Piramal Pharma soars 15% in weak market on huge volume post Q2 results
With H2 typically stronger than H1, Piramal Pharma's management said it is well-positioned to deliver a strong FY performance, supported by healthy order book and encouraging customer engagement.
ANALYSIS-Weak domestic returns fuel India's overseas retail investing boom
India's top money managers are launching a flurry of funds in a tax-neutral hub to absorb the record sums that domestic investors are sending overseas, frustrated by weak returns at home and craving exposure to AI-related assets. At least half a dozen such funds have been launched in the pa
Gold, silver prices slip ahead of US Fed decision, Israel election results
The Federal Reserve is widely expected to leave interest rates unchanged. However, traders will closely watch for signals on the possibility of a rate increase in December
L&T shares rally 6% after Q2 net profit jumps 33% YoY. Why Jefferies cut target price?
Larsen & Toubro (L&T) shares rose sharply on Wednesday after the company reported a 33% year-on-year rise in Q2 FY27 net profit to Rs 5,202 crore. Jefferies retained its Buy rating but cut the target price to Rs 4,700, citing weaker-than-expected margins and factoring in lower estimates.
Jio Platforms made a strong stock market debut, listing at a 21.3% premium after its Rs 30,200 crore IPO was fully subscribed within 95 minutes. Managing Director Akash Ambani outlined Jios next phase of growth, focusing on democratising artificial intelligence, cloud computing, space connectivity and emerging digital technologies to transform lives across India.
Jio Platforms listing at BSE: 'Will create value for decades to come', says Akash Ambani
Jio Platforms listing at BSE: 'Will create value for decades to come', says Akash Ambani
United Breweries surges 15% as premiumisation drives Q2 PAT higher by 190%
United Breweries witnessed a 480 bps margin expansion to 11.9 per cent, reflecting strong operating leverage and disciplined cost management.
The Income-tax Act, 2025, has introduced new form numbers for several tax-related filings from 1 April 2026. From salaried employees to individual taxpayers, here are the key changes to know and what they mean for your tax compliance.
Bad press aside, do Bollywoods plagiarism rows have an on-ground impact?
Lawyers say copyright protects the expression of an idea, not the idea itself. It must be shown that the other side had access to a work and then copied its substance, not merely that two films share a premise
Jio makes its D-Street debut: What it means for Reliance Industries investors and the road ahead
Jio Platforms stock market debut has brought its standalone valuation into focus, raising questions about value unlocking for Reliance Industries shareholders. Analysts weigh the outlook for Jio and RIL, the holding-company discount, and the growth drivers shaping their investment cases.
Jio Platforms storms Dalal Street, lists 21% above issue price
Over 96.6 crore shares changed hands in the first hour of trade, generating a turnover of 13,132 crore
UPL among 3 stocks closing above VWAP
UPL, Prime Focus and Premier Energies featured in StockEdges VWAP scan on October 27, with closing prices more than 2% above their respective volume-weighted average prices.
Global Market: South Korean shares surge 6% as SK Hynix earnings fuel AI chip rally
South Korean shares surged nearly 6% on Wednesday, driven by SK Hynix and Samsung Electronics following strong earnings and optimism over AI-driven memory chip demand. SK Hynix reported a seven-fold profit increase, while foreign investors bought shares worth $444 million. The rally reflected broader global enthusiasm for artificial intelligence investments.
L&T surges 6%, sees sharpest intraday rally in 6 months on strong Q2 show
L&T delivered healthy revenue growth and record order inflows, with the 8.5 trillion order book at the end of September quarter providing robust multi-year revenue visibility.
Gold slips on oil-fuelled inflation fears ahead of Fed meeting
Spot gold was down 0.3% at $4,045.29 per ounce by 0347 GMT; US gold futures for December delivery dropped 0.4% to $4,059.00
Going global: Step-by-step guide to buying international stocks
Indian investors can access US stocks through regulated platforms, but forex charges, brokerage, tax rules and disclosure requirements can add to the cost. Heres what to know before investing.
Rupee edges up amid elevated crude oil prices and a strong dollar
Jio Platforms lists at 21% premium, becomes India's 2nd-most valuable firm
Jio Platforms' 30,213 crore IPO was fully subscribed within 100 minutes of opening on October 21. The issue was booked 22.19 times, with strong institutional demand driving the bids.
EAAA India Alternatives IPO Day 3: Check GMP, subscription status and key details
EAAA India Alternatives Rs 1,200-crore IPO entered its final subscription day on October 28, 2026, with 33% subscription on day two and a modest 1% grey market premium. The entirely offer-for-sale issue features a Rs 1,585Rs 1,665 price band. FY26 income rose 23%, while profit increased 15%.
HUL Q2 Results: Net profit rises 4% YoY to Rs 2,790 crore; Rs 19/share dividend declared
HUL Q2 Results: The companys revenue from operations rose 15% year-on-year to Rs 18,226 crore in the quarter, compared with Rs 15,919 crore in the corresponding period last year.
Bank Holiday tomorrow: Open or closed on Karwa Chauth 29 Oct 2026 Thursday?
The RBI has listed bank holiday for public and private lenders in a single region on Thursday, 29 October 2026 on account of Karwa Chauth celebrations this year. Check where branches will stay closed.
Two SME IPOs open today: Ajwa Projects, Carver Roboweld. Check price band and key details
Ajwa Projects and Carver Roboweld will launch their SME IPOs on October 28, aiming to raise a combined Rs 66.34 crore. Both issues will close on October 30 and are expected to list on the BSE SME platform on November 4.
