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The 8th Pay Commission may revise central government salaries based on an approved fitment factor. Compare illustrative basic pay calculations at 3.25 and 3.833, understand union proposals and check when the final salary revision recommendations are expected. Read on to know more.
US lifts sanctions on Russian diesel sales until April 7, 2027, after Trump-Putin call
The move comes as global diesel supplies tighten following refinery attacks and rising fuel prices put pressure on the US administration
US stocks: US market posts weekly gains with earnings, inflation data on tap
Wall Street finished strong on Friday, fueled by optimism ahead of the third-quarter earnings reports from major players like Wells Fargo and Goldman Sachs. Analysts predict a notable growth in S
UIDAI allows Aadhaar holders to report a family members death through an online facility. The process requires specific documents and identity verification. Heres how to submit a request, what details you need, and what family members should know.
Gold, silver boom puts US bank trading revenues on track for record $5 billion
In the first half of 2026, the precious metals desks at major banks achieved significant earnings due to high demand. JPMorgan Chase reported approximately $700 million in profits from trading gold, silver, and other metals. Deutsche Bank also returned to bullion trading, earning more than $200 million in the same period. Analysts predict that banks will generate around $5 billion from precious metals trading by the end of the year.
If you are married according to religious customs but never registered your marriage, what does that mean for your legal rights? Experts explain the applicable rules, whether registration is mandatory, and why a marriage certificate can matter in financial and legal disputes.
US bull market nears fourth anniversary, but narrow rally raises risks
The ongoing US stock bull market is nearing its fourth anniversary with strong corporate earnings and low volatility. Investor concerns are rising due to the disparity between benchmark indices and the performance of individual stocks. The reliance on artificial intelligence for growth makes the market susceptible to volatility if sentiment shifts. Upcoming third-quarter earnings and midterm elections could introduce additional uncertainties for investors.
Co-payments and deductibles in health insurance: Are they right for you?
Both options can lower premiums, but they increase out-of-pocket expenses during claims. Understand how they work before choosing a health insurance policy
The Finance Ministry has announced the General Provident Fund (GPF) interest rate for the October-December 2026 quarter. What does the latest notification mean for eligible government employees, and what should subscribers know about their retirement savings?
Anthem Biosciences block deal: Portsmouth Technologies sells 30 lakh shares worth Rs 250 crore
Portsmouth Technologies LLC executed a block deal selling 30 lakh shares of Anthem Biosciences on October 9. The shares were sold at Rs 833 each, totaling Rs 249.90 crore. Following this transaction, Portsmouth's estimated stake in the company would decrease significantly. Anthem Biosciences reported a decline in total income and profit after tax for the first quarter of FY27.
Revised rates to take effect from October 11; 2435 months and 15 months digital fixed deposits to earn 7.5%.
Poonawalla Fincorp Q2 profit surges fivefold as income rises
Poonawalla Fincorp reported a substantial increase in net profit for the second quarter, rising over fivefold. The company's net interest income and fee income grew significantly, contributing to the profit surge. New loan products accounted for a notable percentage of disbursements during this period, demonstrating the diversification of their offerings. Additionally, improvements in the gross non-performing asset ratio reflect better asset quality management.
Rupee recovers to 96.73 vs US dollar after RBI intervention, but dollar demand persists
The rupee edged up to 96.73 per dollar after heavy RBI intervention helped it recover intraday. Persistent corporate dollar demand, a 7% year-to-date decline and falling forex reserves continued to weigh on sentiment.
IT stocks lead Nifty rebound as benchmark snaps eight-week losing streak
Nifty gains 289 points; Nifty Oil & Gas the lone sectoral index in the red
RBI tightens daily cash reserve rules as banking system liquidity stays elevated
Banks will have to maintain 99% of their required cash reserve ration (CRR) each day from 16 October 2026, up from 90%, though the overall ratio remains at 3%.
Mumbai airlines want T1 safety reports and T2 expansion clarity on 13 October agenda
The Airline Operators Committee has asked MIAL to share technical evidence behind T1's structural risks and the alternatives it considered before proposing to shift 265 weekly international flights to Navi Mumbai.
Global refining shock lifts Indias diesel exports to a 12-month high in September
West Asia conflict and drone attacks on Russia hit 8 mb/d of global refining capacity, say traders
The CBDT has revised Income Tax Form 161 through a notification dated 8 October. The amendment updates the rules governing applications for penalty waiver. What does the revised form mean for taxpayers, and what conditions should they meet?
TCS earnings lift IT stocks as demand recovery hopes boost market mood
Better-than-expected Q2 earnings and attractive valuations boost IT stocks, even as AI headwinds and US labour curbs remain concerns
South India set to play a key role in Indias next phase of steel growth: Experts
The region has a strong industrial base to build on as India advances towards its 300 mt steel capacity ambition by 2030, says NMDC official
Zerodhas youngest customer is just 28 days old; Parents make the first investment within a week of signing up.
As public confusion mounted over potential fees on general consumer shopping and peer-to-peer transfers, the government issued key clarifications regarding the framework of the UPI Merchant Discount Rate.
US stocks: US market opens higher as oil slips; telecoms hit by SpaceX spectrum deal
Wall Street opened on a positive note this Friday as oil prices dipped, easing worries over Middle Eastern supply issues. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite each experienced a rise at the open. Nonetheless, the telecom industry faced headwinds following SpaceX's spectrum purchase, sparking competitive anxiety among its players, showcasing the market's mixed responses to sector-specific events.
RBI raises average CRR maintenance requirement for banks
The Reserve Bank of India will raise the minimum daily cash reserve ratio requirement to 99% from 90%. This change will take effect from mid-October, specifically the fortnight starting October 16, 2026. Banks will be required to maintain this increased percentage without the previous operational flexibility. The move aims to reduce the current surplus liquidity within the banking system.
Poonawalla Fincorp Q2 Results: Profit skyrockets 407% YoY to Rs 375 crore, NII rises 81%
Poonawalla Fincorp reported a 407% year-on-year surge in Q2FY27 profit to Rs 375 crore, while net interest income rose 81%. Operating profit more than doubled, supported by business growth, improving asset quality and an expanded gold loan network.
Anand Rathi Wealth reported a 22% year-on-year rise in Q2 business profit to Rs 122 crore, with revenue increasing 16%. Assets under management reached Rs 1.08 lakh crore as quarterly net inflows hit a record Rs 4,186 crore.
The 57th GST Council has recommended changes to simplify GST registration cancellation, including automatic processing of applications and system-based cancellation for certain defaults. What do business owners need to know about the application process and other key deadlines?
Half of Indias MTF book is in smallcaps; Nithin Kamath flags liquidity risks
Zerodha founder Nithin Kamath warned that small and microcap stocks account for a substantial share of Indias margin trading facility book. He highlighted liquidity risks during market downturns, when smaller stocks may face sharper selling pressure.
Adani Power shares: GQG Partners-managed entities cut stake to 5.72% from 5.74%
GQG Partners entities sold 50.39 lakh Adani Power shares through on-market transactions, reducing their combined stake to 5.72% from 5.74%. The disclosure comes as the stock gains 27.05% in 2026 and the company expands into Bhutanese hydropower.
TCS lifts Dalal Street out of its eight-week rut
Nifty 50 closes 1.30% higher at 22,520.45, adding 288 points, while the BSE Sensex advanced 1.23% to 72,472.33, a gain of 879.09 points
The small-cap mutual fund category has outperformed the mid-cap category in 2026 so far, but does the trend hold over longer periods? While category averages reveal a changing picture across three- and five-year horizons, individual schemes show a wide divergence in performance.
Tata Asset Management CEO Anand Vardarajan highlights how passive funds, SIFs and GIFT City are reshaping wealth management. He advocates combining active and passive strategies while monitoring global yields, inflation and valuations to build diversified portfolios.
Bitcoin hovered near $82,000 as geopolitical tensions, rising oil prices and concerns over OpenAI revenue weighed on risk assets, triggering nearly $1 billion in crypto liquidations. Ethereum and major altcoins also declined, while analysts flagged $80,000 as a key Bitcoin support level amid elevated Treasury yields and continued market volatility.
India bonds extend weekly slide; struggle to shake off RBI hike, hawkish stance shift
Indian government bonds have faced a downturn for the eighth consecutive week, primarily influenced by soaring oil prices and a more aggressive stance from the central bank. The yield on benchmark bonds has surged, signaling a drop in investor confidence. Additionally, the Reserve Bank of India raised the repo rate to 5.50%, with economists anticipating further increments that may take it to at least 6.00%.
The high court has said Section 125 CrPC aims to prevent destitution. It upholds the Family Courts finding that the wife left the matrimonial home without sufficient reason.
Jeffrey Archers secret formula for storytelling success | Overthinkers Anonymous | EP 04
From bankruptcy to blockbusters: decoding brand Jeffrey Archer.
The 30-share BSE Sensex jumped 879.09 points, or 1.23%, to settle at 72,472.33 and the 50-share NSE Nifty rallied 288.65 points, or 1.30%, to end at 22,520.45
Axis Mutual Fund has entered the specialised investment fund category with Accelerate SIF, focusing on risk-adjusted returns and disciplined portfolio management. Nandik Mallik will lead the initiative, with equity and hybrid product launches planned soon.
Rupee rises 16 paise to close at 96.72 against U.S. dollar
Forex traders said the greenback weakened and crude oil prices eased following remarks by Trump that the U.S. would refrain from military action against Iran ahead of the November midterm elections
8th Pay Commission: When can government employees expect salary hikes? Check report timeline
The 8th Pay Commission report is expected by May 2027 under its 18-month mandate. Know the expected salary hike timeline, government approval process, fitment factor demands and whether central government employees may receive arrears from January 2026.
Market wrap: ITC, TCS, BSE, RIL top gainers and losers on Nifty and Sensex on Friday
The Indian equity markets saw a robust recovery as both the BSE Sensex and Nifty 50 registered remarkable gains. The Nifty 50 surged by 288.65 points, closing at 22,520.45, while the Sensex jumped 879.09 points. Notably, the Nifty IT index rose 3%, signaling a positive market sentiment. A total of 2,182 out of 3,684 stocks climbed higher, reflecting renewed investor interest in bargain opportunities.
Ambanis Jio said to set IPO price band at 1,065-1,119
The company is targeting a market value of as much as 10.3 lakh crore ($107 billion)
De Beers to open 100 Forevermark stores in India by 2030
Currently, the company has 10 Forevermark brand stores in India, six of which are company-owned and the remaining four are on a franchise model
Cupid among 7 stocks that hit 52-week highs; rallied up to 30% in a month
Seven stocks from the BSE 1000 index hit fresh 52-week highs as the Sensex rallied 879 points. Cupid led the list with a 31% monthly gain, followed by Shreeji Shipping Global, Aditya Infotech and other stocks.
Reliance Jio IPO: Likely price band for India's biggest listing revealed. Check details
Jio Platforms has set a price band of Rs 1,065-1,119 for its upcoming IPO. The company plans to raise between Rs 28,755 crore and Rs 30,213 crore with the offer. Public subscription is scheduled to start on October 21, with shares potentially listing on October 28.
Parag Parikh Flexi Cap Fund added 13 stocks to its portfolio in September, including DLF, Bharti Airtel, Petronet LNG and Indus Towers, while exiting The Great Eastern Shipping Company. The fund held 33 stocks during the month, compared with 34 in August, and did not reduce its exposure to any stock. Its assets under management stood at Rs 1.45 lakh crore, with 9.77% held in cash, debt, money market instruments and arbitrage positions.
Rupee rises 16 paise to close at 96.72 against US dollar
At the interbank foreign exchange market, the rupee opened at 96.74 against the US dollar; in intraday trade, the rupee touched a high of 96.51 and a low of 96.77 against the greenback
Nomura has cut PB Fintechs target price by 31% to Rs 1,100 after proposed IRDAI curbs on insurance website practices and commissions. The brokerage lowered earnings estimates, while alternative scenarios suggest fair values of Rs 1,335-1,366.
Rupee posts weekly fall despite rate hike amid adverse flows, weak sentiment
In recent trading, the Indian rupee closed at 96.73 against the dollar, showing minimal fluctuation from its prior standing. The rupee's slide was mitigated by dollar sales from state-run banks, although it lingers close to record lows. Analysts foresee a further downturn due to challenging market conditions, with the currency's stability affected by a decline in India's foreign exchange reserves over the past four weeks.
Friday heavy lifting saves Nifty from record nine weeks of losses. Can bulls take charge now?
Nifty broke its eight-week losing streak, rising nearly 1.3% on Friday to close above 22,500 as IT, FMCG and auto stocks led a relief rally. However, persistent FII selling, elevated US bond yields, crude oil prices and the RBIs shift to calibrated tightening continue to cloud the market outlook.
MV Electrosystems shares have surged over 100% from their IPO price, boosting Madhuri Kelas stake value to Rs 111.55 crore. However, declining FY26 revenue and a net loss raise concerns about the companys future profitability.
Gold adds over 1% on easing oil prices, softer dollar
Spot gold rose 1.4 per cent to $4,189.99 by 0842 GMT, heading for a weekly gain
A 5 lakh emergency fund needs a balance of quick withdrawals, capital safety and returns. Compare savings accounts, bank fixed deposits and liquid mutual funds, understand their risks and withdrawal timelines, and explore how to allocate emergency savings based on income stability.
Foreign investors withdrew $23.49 billion from Asian equities in September as rising US Treasury yields, inflation fears and tighter monetary policies weakened risk appetite. South Korea and India led outflows, while hedge funds reduced exposure amid persistent market uncertainty.
10% health insurance co-pay could push patients' bill burden to 15-19%
Insurers want a mandatory 10 per cent co-pay on retail health policies for lower premiums, but with non-payable costs, policyholders could end up paying 15-19 per cent of hospital bills.
GST Council: ITC now available on group insurance for employees
The Goods and Services Tax (GST) Council has announced that Input Tax Credit (ITC) will now be available on health and life insurance policies provided by employers to their employees, a move expected to significantly reduce costs for businesses, especially MSMEs.
Global Market: European companies set for 21% Q3 earnings growth, led by energy firms
European companies are expected to post 21% third-quarter earnings growth, led by energy firms benefiting from supply disruptions. However, excluding energy, growth is forecast at 9.7%, while real estate earnings are projected to fall sharply.
Colgate Palmolive shares surge 7.6% as GST relief boosts FMCG optimism
The Goods and Services Tax Council has approved a series of changes to input tax credit rules, widening the range of business expenses eligible for credit
Why are US stocks rallying despite Fed rate shock? Aswath Damodaran explains in the context of AI
US stocks have defied a sharp rise in Treasury yields as AI-led earnings growth offsets pressure from higher interest rates, says valuation expert Aswath Damodaran. However, with equity risk premiums falling below 4%, he warns that the rally hinges on whether AI investments can deliver the profits investors expect, raising the risk of a sharp market correction.
Zetwerk said to plan up to $525 mn India IPO next week
Zetwerk is preparing to launch an IPO as early as October 15, seeking to raise up to $525 million at a targeted valuation of $2.8 billion. The offering will include a fresh issue and a secondary sale by existing shareholders.
Silver price rises to 2.24 lakh per kg in futures trade
Fresh positions built by participants led to a rise in silver prices, analysts say
22, 24 carat Gold prices up across other cities on October 9
22, 24 carat Gold prices up across metro cities on October 9
e3W sales surge 40% in September; market share rises to 64.9%
Bajaj leads the chart followed by Mahindra and TVS
First credit card at 18: How to build a good credit score and avoid debt traps
Getting your first credit card at 18 can help build a credit history, but careless spending can lead to debt. Experts explain repayment habits, credit utilisation, secured cards and ways to protect your credit score.
ITC stock rallies 5%, sees sharpest intraday rally in 6 months; here's why
Top buyers in ITC's block deal on Thursday: Fidelity Advisor Series VIII-Fidelity Advisor Overseas Fund, ICICI Prudential MF, SBI MF, Nippon India MF and Citigroup Global Markets Singapore Pte.
Ravita Engineering Services to raise 116 crore through IPO on NSE Emerge
The company will issue 1.04 crore equity shares in the price band of 105 - 112 a share. The IPO opens for subscription on Tuesday
Rs 1,024-crore market cap, Rs 10,000-crore order book: This penny stock jumps 11% after SAIL deal
SEPC shares jumped nearly 11% to Rs 5.47 on Friday after securing an Rs 854.57-crore contract from SAIL for its IISCO Steel Plant expansion in Burnpur. The deal pushes SEPC's consolidated order book past Rs 10,000 crore, nearly 10 times its market capitalisation, providing multi-year revenue visibility.
How Do Family Offices Hunt for Multibagger Startups?
How Do Family Offices Hunt for Multibagger Startups?
CEA Nageswaran pitches for MSME-specific approach to NPA classification norms
V Anantha Nageswaran emphasized the need to revise non-performing asset classification norms for micro, small and medium enterprises. He highlighted that existing norms do not consider diverse cash flow cycles and working capital requirements. The Chief Economic Advisor pointed out that a uniform global framework is unsuitable for Indias business practices. Additionally, he suggested reducing compliance costs for MSMEs to improve their operational efficiency.
Vaibhav Vyapaar plans to raise 42 crore via IPO on NSE Emerge
The price band for the IPO, which opens for subscription on Tuesday, has been fixed at 51-54 a share
US 10-year Treasury yield could hit 6% as oil prices, debt worries mount: Pimco CIO
The 10-year US Treasury yield could reach 6% for the first time since 2000, according to Pimcos Dan Ivascyn. Rising oil prices, inflation concerns, mounting government debt and bond market pressures threaten financial stability. Higher yields could increase borrowing costs, weaken stocks and corporate bonds, and tighten global financial conditions.
Ashish Kacholia sells over 2 lakh Carysil shares in Q2. How has the stock fared?
Ace investor Ashish Kacholia trimmed his stake in Carysil by over 2 lakh shares during the July-September quarter of FY27, reducing his holding to 2.72%. The kitchen sink makers stock has corrected sharply from its July peak after a strong rally earlier this year. Heres a look at Carysils recent share price performance, long-term returns and analyst outlook.
6 Defence stocks turn multibaggers in H1 FY27, rally up to 600%
The Nifty India Defence index rallied 25% in H1 FY27 despite broader market volatility, with 10 defence stocks gaining 50% to 600%. Six stocks, led by Sigma Advanced Systems, Unimech Aerospace, and MTAR Technologies, turned multibaggers by more than doubling investor wealth over six months, ACE Equity data showed.
Pidilite shares rise marginally as company appoints Amit Agarwal CFO-designate
Pidilite Industries shares rose on Friday after the company appointed Amit Agarwal as CFO-designate and Senior Management Personnel, effective October 9, 2026. Agarwal brings over 22 years of finance experience and has previously worked with Pfizer, Hindustan Unilever and Vedanta Resources. He is a Chartered Accountant, Cost Accountant and Company Secretary.
Explained: Why IT stocks ignored Donald Trumps PERM suspension to gain Rs 70,000 crore in one day
IT stocks rallied up to 4% on Friday, adding Rs 70,000 crore in market capitalisation, despite the US suspension of a labour certification programme. Strong Q2 results from TCS, easing oil prices and bond yields, and developments around OpenAI also supported sentiment. TCS gained after reporting 15% profit growth, while brokerages flagged near-term margin pressures and evolving AI-related risks.
Anushka Sharma's 44.1-crore Mumbai property deal: 3 apartments on the same floor
Actor Anushka Sharma and her family have purchased three apartments worth a combined 44.1 crore at Godrej Skyshore in Mumbai's Versova. The transactions include individual purchases by Anushka and her parents, as well as a joint apartment purchase by Anushka and cricketer Virat Kohli.
Anup Bagchi to be India's Highest-Paid Bank CEO at HDFC Bank
Anup Bagchi, the incoming MD and CEO of HDFC Bank, is set to become India's highest-paid bank CEO with a proposed target annual compensation package of approximately 35.9 crore, including a significant variable pay component and a one-time joining bonus.
Defence, PSU stocks' rally leave little room for error: Master Portfolio MD
Foreign selling and a weak rupee add pressure, and domestic SIP flows cannot absorb everything indefinitely.
Markets stage sharp rebound; IT and consumption stocks lead Nifty past 22,490
Nifty IT index emerges as the best-performing sectoral index, while Nifty Oil & Gas was the sole sectoral laggard
Torrent Power tanks 35% from April high; stock hits 31-month low
Motilal Oswal Financial Services initiated coverage on Torrent Power with a Neutral rating and a sum-of-the-parts (SoTP)-based target price of 1,270.
30 lakh in SCSS: Quarterly interest and monthly income equivalent explained
A 30 lakh investment in the Senior Citizens Savings Scheme (SCSS) at 8.2% interest can generate 61,500 per quarter, equivalent to 20,500 per month. Check the October-December 2026 interest rate, eligibility criteria, investment limits, tax rules and withdrawal conditions.
Global IPO market faces setback as high-profile listings are scrapped, delayed in 2026
Several high-profile IPOs have been withdrawn, delayed or shelved in 2026 as market volatility and valuation concerns weigh on investor demand. From Firmus and Oura to PhonePe and KNDS, companies are reassessing public listings and fundraising plans.
KEC Int'l: Why Kotak upgraded stock to 'Add' despite 60% fall in a year
Rising traction in the cables and wires business, along with a strong T&D opportunity pipeline in India, makes KIE bullish on KEC International's stock.
Microsoft: 80% H1-B applications for existing employees
Microsoft has clarified that 80 per cent of its H1-B visa applications in the last fiscal year were for existing employees, not new hires, following its suspension from a US green card programme.
Vedanta shares jump over 3% after Rs 5 interim dividend announcement
Vedanta shares rose on Friday after the mining major announced its first interim dividend of Rs 5 per share for FY27, with a total payout of Rs 1,955 crore. The dividend marks the company's first since its demerger into five entities, which could reshape its future dividend payouts.
Gold demand drops in India as prices rebound
Consumers are waiting for correction, Indian jeweller says
