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Tier-2 cities in India are leading digital credit and inclusion, with an average score of 58.64, ahead of Tier-1 and Tier-3 cities, the Digital Credit & Inclusion Index (DCII) 2026 by Pahl India Foundation and Amazon Pay found.
Russias Sberbank plans major India push, to build business hub
Sberbank CEO Herman Gref announced plans for new financial and technology infrastructure tools. The bank will establish the largest Russian business hub in India, expanding its presence. Sberbank has been developing its financial business in India for sixteen years. Money transfers between India and Russia now take only minutes, improving business opportunities. Two office buildings are under construction and will be commissioned in 2028.
Paytm stock soars to post-listing record, yet below IPO price
Paytm parent One97 Communications hit a post-listing record high of 1,807.5, while Granules India promoter Krishna Prasad Chigurupati offloaded a 6.95% stake for 1,501 crore in block deals
SIP account additions surge to 6-month high of 1.3 million in August
Market rebound and attractive smallcap and midcap returns, monthly net SIP additions hit a six-month high of 1.3 million, pushing total monthly contributions to a record 32,297 crore
He had 15 lakh in savings but still lost money. Heres how a 32-year-old fixed his portfolio
A software engineer saved 15 lakh but lost purchasing power due to low savings interest. Advised by a financial planner, he allocated funds effectively, setting goals for emergencies, a house, and retirement. His experience highlights how inaction can be a financial decision.
Education loans: Parent or student who should sign on the dotted line?
Unlike traditional consumer debt, education loans evaluate a candidate's future earning capacity rather than just existing income.
Today, we calculate the minimum amount you would need to invest in your / your child's PPF per month in order to successfully become a crorepati over the long run. Below is how the calculation works out for every 5-year delay:
India partially cancels debt sale for first time in a year
The RBI accepted bids worth only 45.06 billion ($471.12 million) for the 6.20% 2029 bond, just over 40% of the planned borrowing in the paper of 110 billion
Demat 2.0 can allow investors to receive tokenised bonds instantly against payments made through the central bank digital currency (CBDC), significantly reducing the time gap in securities settlement, NSDL Managing Director Vijay Chandok said, while noting that wider trading will depend on regulatory approval and market readiness.
Global yields surge: How they affect the Indian bond market and why domestic factors matter
Analysts believe domestic economic conditions remain the key factor determining the direction of Indian bond yields, rather than movements in global yields alone.
BlackRock private credit fund sees redemption pressure ease in third quarter
BlackRock's flagship private credit fund saw lower redemption requests in the third quarter, signalling that pressure in the sector may be easing. Withdrawal requests at other BlackRock funds also declined, while analysts said improving sentiment and a clearing redemption backlog could support private credit firms and asset managers.
SBI developing solution to use UPI data for checking creditworthiness of small biz
State Bank of India is developing a UPI data solution for small businesses. This initiative aims to assess creditworthiness without requiring GST registration for these entities. The bank expects to provide digital loans within a single day for eligible borrowers. This new approach will help bring more businesses into the formal finance sector. UPI transactions will serve as a proxy for sales data in loan assessments.
NSE shareholders trim stake sales as 22,000 crore IPO prices below expectations
22,000-crore issue reflects reduced valuations and NSEs push for diversification
Granules India promoter Krishna Prasad Chigurupati sold 1.72 crore shares worth about Rs 1,500 crore through block and open-market deals. The sale funds the second tranche of a preferential issue, while promoter holding falls to 31.08% following the transaction today.
SWP: Here's how to generate 50,000 per month as steady income while keeping your corpus invested
Today, we explain how much you would have to invest in a systematic withdrawal plan (SWP) in order to receive 50,000 per month as steady income after retirement, while keeping your corpus invested.
Bank of India mobilises $2.33 billion via FCNR(B), enough to meet one-quarter lending needs: CEO
Bank of India secured USD 2.33 billion through FCNR(B) deposits, replacing bulk funding sources. This mobilization will meet approximately three months of the bank's lending requirements. The Reserve Bank of India announced this special deposit scheme to strengthen liquidity positions. Banks are diversifying their deposit bases amid increasing credit demand from customers. The bank will maintain its 15-17 percent credit growth target for the year.
Bank deposits grow 17.8% in August, fastest in decade as FCNR-B inflows mask local mobilisation woes
Bank deposits grew 17.8% year-on-year at the end of August, the fastest pace in a decade, driven largely by a surge in FCNR-B deposits after the RBI opened a special window for dollar inflows. Credit growth eased slightly to 19.1%, while banks continued to face challenges in mobilising domestic savings.
Dollar deluge prompts 1 trillion OMO; enough liquidity tools, says RBI governor
System liquidity crossing 11 trillion earlier this month has already prompted the central bank to withdraw surplus liquidity of over 8 trillion through multiple VRRR auctions.
20,000 extra every month: Why paying off your personal loan first may win over an SIP
With a 20,000 monthly raise, borrowers must choose between repaying a personal loan or investing in mutual funds. Clearing a high-interest loan first can save more in interest and result in a larger investment corpus compared to investing the entire amount monthly.
Fed rate-hike bets rise to 85% after hot August inflation data
Recent inflation figures have exceeded expectations, leading many to anticipate a rate hike from the Federal Reserve. Core consumer prices increased more than what economists forecasted last month, and alongside rising oil prices, this trend indicates that inflation is on an upward trajectory. Traders are now estimating an 85% likelihood of a quarter-point increase in the upcoming meeting, with further rate hikes expected in December.
FII index futures shorts hit 5-month high, bearish positioning raises odds of sharp market move
On September 10, FIIs held 3,21,538 short index futures contracts, against 39,694 long contracts, taking the long-short ratio to around 11%, a historically low level
NSEL settlement scheme: Sebi settles proceedings against 91 commodity brokers
Sebi has concluded its proceedings against ninety-one commodity brokers linked to the NSEL issue, allowing these firms to participate in a settlement scheme. Many brokers consented to temporary limitations on proprietary trading and onboarding new clients, with some remitting settlement fees of up to thirty-six lakh rupees. This move aligns with the directive from the Securities Appellate Tribunal regarding an orderly settlement process.
NSE's IPO to be second biggest till now as offer size cut, price band lowered
India's premier stock exchange, NSE, has finally revealed the long-anticipated details of its initial public offering. Existing investors will sell fewer shares at a revised price band, aiming to raise between Rs 21,494 crore and Rs 22,569 crore. The public can subscribe from September 17 to September 21, with the official listing set for September 24, marking a pivotal advancement for NSE.
NSE IPO: Exchange eyes revenue diversification beyond options trading
NSE management says new businesses, SIFs, commodities and ETFs could diversify revenue, while clarifying it has not sought permission to trade its shares on NSE
SME IPO: Vama Wovenfab issue to open on Sep 15; sets price band at Rs 324-341/ share
Vama Wovenfab is set to launch its initial public offering on September 15, offering shares priced between Rs 324 and Rs 341. The company aims to raise Rs 49.5 crore, which will support various operational needs including working capital, machinery acquisitions, and the construction of a new shed. The equity shares will also be listed on the BSE SME platform.
The regulator flagged several shortcomings in the sale, including failures related to product suitability, solicitation, disclosures and the insurers internal controls.
IFSCA pilots Aadhaar face authentication to ease cross-border KYC for NRIs
The regulator is piloting unassisted Aadhaar face authentication across four international jurisdictions to enable paperless digital onboarding for overseas Indians
Distribution expansion, new products to drive HDFC AMC's growth prospects
HDFC AMC is betting on wider distribution, new products and alternative investments to drive AUM growth, even as higher costs and margin pressure weigh on performance
RBI to drain Rs 1 lakh crore as VRRR auctions fail to absorb liquidity
The Reserve Bank of India will drain Rs 1 lakh crore through bond sales this month after VRRR auctions failed to absorb excess liquidity. The move follows dollar inflows, with Governor Sanjay Malhotra signalling multiple tools to manage surplus funds.
Silver Touch Technologies secures comprehensive IT services contract from Gujarat Urja Vikas Nigam
This engagement covers the computer servers, storage Systems, SAN-Switches, Tape Library and backup architecture with Silver Touch committed to ensuring application uptime services at a 99% SLA that empower GUVNL's e-Urja platform, the ERP backbone connecting the state's electricity generation, transmission and distribution utilities and serving over a crore consumer.
Raymond's aerospace arm wins order from leading Indian aerospace and defence major
With annual business potential of Rs 33 cr
Crude oil price dips to $104, world shares mixed following Wall Street losses
Markets most decline in Asia
Equities extend losing streak to five weeks as crude oil, FII selling weigh
Sensex and Nifty end about 2 per cent lower for the week at their lowest levels since June 11, while broader markets outperform despite widespread sectoral losses
Oracle rises as AI-fueled backlog growth deflects spending worries
Oracle shares rose 3% in early trading after a $26 billion increase in its revenue backlog eased concerns over its debt-funded AI spending. Strong earnings and an improving balance sheet also supported the stock, though analysts warned that a meaningful recovery in Oracle's cash flow could still take years.
Repco Home Finance announces cessation of Director and Chief Development Officer
With effect from 16 September 2026
Moody's upgrades Piramal Finance's credit ratings and outlook
- Long-term Corporate Family Rating (CFR) and Senior Secured Debt Rating from Ba3 to Ba2; - Senior Secured Medium-term Note Programme from (P)Ba3 to (P)Ba2; and - The outlook has been revised from 'Positive' to 'Stable'
Gold price drops 2,700 to 1.55 lakh/10g; silver slips by 10,000
Traders say sharp correction in domestic bullion prices reflected selling pressure in the local market after the recent rally, with both precious metals pulling back
Lessons in starting up: How an entrepreneurial couple built a joint legacy
For Vineet Agrawal and Sikha Agrawalla, entrepreneurship was not a single leap but a sequence of carefully planned decisions and treating financial planning as a shared responsibility.
Spectrum Electrical Industries raises Rs 324.98 cr via equity issuance
The company also allotted 2,49,750 fully convertible warrants at an issue price of Rs 2,002 per warrant (including a premium of Rs 1,992 per warrant) for an aggregate amount of Rs 49.99 crore to the promoter of the company on receipt of Rs 12.49 crore being 25% of the warrant subscription price.
US stocks today: Dow Jones soars 600 pts, Nasdaq 1% as oil prices fall amid high August inflation
US stocks opened higher on Friday despite data showing consumer prices accelerated in August. The Dow Jones, S&P 500 and Nasdaq gained at the open, putting the major indexes on track to end a volatile week on a positive note as investors assessed the latest inflation data and its implications for Federal Reserve policy.
Joint finances, joint risks: A couples roadmap to starting up
JSW Port Logistics receives LoI for setting up Inland Container Depot at Ballari, Karnataka
E-commerce platforms flag pricing, ranking hurdles under new consumer rules
Platforms worry about pricing rules since products on the e-commerce marketplaces are supplied and priced by independent sellers
MahaRERA orders developer to refund homebuyers: 7 checks to make before booking a flat
A MahaRERA ruling highlights the risks of buying a flat without verifying construction approvals. Here are 7 key checks homebuyers should make, including the Commencement Certificate, sanctioned plans, RERA records, payment trail and written promises.
SBICAP Securities ties up with Appreciate to offer Indian investors access to 8,000+ global stocks
The partnership makes SBICAP Securities one of the few platforms in India to offer access through both GIFT City-based Global Access Providers, India INX GA, and NSEIXGA, under a single platform
MPC will reassess growth-inflation dynamics at next meeting: RBI Governor
Reserve Bank's Monetary Policy Committee (MPC) will reassess growth and inflation dynamics at its meeting next month amid rising prices of crude oil due to the ongoing West Asia crisis, Governor Sanjay Malhotra said on Friday. In an interview to CNBC-TV18, the governor also said nearly 50 per cent of the Foreign Currency Non-Resident (Bank), or FCNR(B) deposits, mobilised under the forex swap facility is for 5-year tenor. The inflows under the FCNR (B) deposits totalled USD 127.22 billion in the recently concluded RBI swap facility. On inflation, Malhotra said the rising crude oil prices will have an impact but it will depend on how much is passed through, he said. Crude has gone up. July was for the Indian basket an average of 82 billion dollars. August it has gone up to 90 billion dollars and so that will certainly have some impact, but it will depend again on the pass-through, Malhotra said in the interview. According to him, the government has to a great degree absorbed and .
US diesel prices soar past $6 a gallon, deepening strain for hauling everyday goods
In the U.S., diesel prices have soared to unprecedented levels, surpassing six dollars a gallon. This spike is primarily caused by tensions between Washington and Iran, which have disrupted global fuel supplies. As a result, transportation costs for essential goods are on the rise, impacting consumers with higher fees on online purchases. Additionally, the conflict has driven crude oil prices over one hundred dollars a barrel.
Six IPOs get aggressive bids worth 1.4 lakh crore as Rentomojo, Karamtara, LCC Projects sparkle
Rentomojo, Karamtara Engineering and LCC Projects were the biggest draws, while Steamhouse India and Arcil saw a modest response
NSE diversification could weigh on weekly options' revenue, CEO says
The National Stock Exchange aims for a substantial valuation with its forthcoming IPO. However, an anticipated decline in weekly options revenue share due to growth in other sectors could pose challenges. Notably, transaction charges are vital for the exchange's revenue generation. Recent adjustments to the IPO size indicate a reduction of over fifteen percent, coinciding with major offerings from Reliance Jio and Hyundai Motor India.
US consumer inflation picks up in August, up 3.4% YoY
In August, consumer prices in the U.S. surged, mainly due to increasing gasoline prices. This trend elevates the likelihood of an interest rate hike by the Federal Reserve, with economists predicting a monthly rise in the consumer price index of 0.4%. When excluding food and energy, the core consumer price index saw a 0.3% rise, leading to a market expectation of a 70% chance for a 25-basis-point hike.
8th Pay Commission: How much salary hike will a 1.83 or 2.0 fitment factor give you?
Pensioners' body AIFPA has demanded a 3.83 fitment factor from the 8th Pay Commission, the highest proposed so far, though experts peg the realistic range at 1.83 to 2.57, a hike that could raise central govt pay and pensions by 20-80%.
Sebi imposes Rs 2 lakh penalty on Emami Realty for regulatory lapses
Sebi has imposed a Rs 2 lakh penalty on Emami Realty for regulatory lapses involving a related-party loan and the classification of investments in its standalone financial statements. The regulator found that the company lacked prior audit committee approval for a Rs 25 lakh loan and improperly classified Rs 49.94 crore of investments.
Smartworld Developers raises Rs 800 cr from Kotak Realty Fund for two projects in Gurugram
Smartworld Developers has successfully raised Rs 800 crore in funding from Kotak Realty Fund for two prominent housing initiatives in Gurugram. This financial backing is earmarked for the Smartworld Sky Arc and Trump Residences, located in Sector 69. With anticipated total sales revenue projected at Rs 8,200 crore, this move underscores Smartworld's strategic growth as a subsidiary of M3M India.
Manipal Payment and Identity Solutions IPO subscribed 1.42 times
The offer received bids for 1.85 crore shares as against 1.30 crore shares on offer.
Asset Reconstruction Company (India) IPO subscribed 20.10 times
The offer received bids for 74.19 crore shares as against 3.69 crore shares on offer.
Rentomojo IPO subscribed 72.88 times
The offer received bids for 158.68 crore shares as against 2.17 lakh shares on offer.
INR losses partially offset by a correction in crude oil prices
The Indian rupee pared most of its initial losses and settled at 95.57 (provisional) against the US dollar, down by 5 paise, on Friday, helped by a correction in crude oil prices and possible RBI intervention. The rupee opened on a negative note but pared some losses on suspected RBI intervention, a slight recovery in domestic stock markets from the day's lows and profit booking in crude oil prices at higher levels. Indian shares ended Friday's session lower as Middle East tensions persisted, and investors awaited key U.S. CPI data later in the day for additional clues on the Federal Reserve's rate trajectory. However, after crashing nearly 1 percent earlier in the session, benchmark indexes Sensex and Nifty sharply recovered most of their losses to end the day only with modest cuts. NIFTY 50 closed at 23,398.10, down by 79.70 points while BSE SENSEX finished at 74,781.76, dropping 120.83 points.
Sebi proposes extending cybersecurity rules to subsidiaries of MIIs
Sebi proposes extending its IT and cyber security framework to MII subsidiaries, seeking to close oversight gaps involving critical technology, data and infrastructure. The paper covers subsidiaries linked to MII activities, data or shared infrastructure, with comments due October 2.
The ruling does not invalidate every income tax reassessment proceeding. The crucial question remains whether the notice was issued in accordance with the prescribed statutory procedure and whether the requirements relating to faceless assessment were followed.
MSE facilitates Indias first tokenised corporate bond under SEBIs Demat 2.0 pilot
Bond issued by IIFL Finance Ltd through MSEs Electronic Bond Platform, with Trust Investment Advisors Pvt Ltd serving as arranger
Mann Fleet Partners gets Sebi nod to raise funds via IPO
Mann Fleet Partners has secured SEBI approval for its initial public offering. The company plans to raise funds through a fresh issue and an offer for sale. Proceeds will be used for debt payment and general corporate purposes. Mann Fleet Partners provides car and coach rental services across eighty-six cities globally. The stock will be listed on the National Stock Exchange and the BSE.
India 10-year yield tops 7% as oil rout extends losses into fourth week
Indian government bonds dipped this week due to a spike in oil prices, alongside a decline in global debt markets significantly affecting Treasury yields. The uncertainty surrounding the Reserve Bank of India's liquidity stance added further strain, resulting in the 10-year yield exceeding 7%. Looking ahead, investors are keenly awaiting critical inflation data and insights into future central bank policy directions.
Manika Plastech IPO subscribed 1.42 times on day 1
The offer received bids for 3.04 crore shares as against 2.13 crore shares on offer.
Steamhouse India IPO subscribed 30.49 times
The offer received bids for 114.74 crore shares as against 3.76 crore shares on offer.
Karamtara Engineering IPO subscribed 62.63 times
The offer received bids for 159.17 crore shares as against 54.43 lakh shares on offer.
LCC Projects IPO subscribed 48.51 times
The offer received bids for 101.52 crore shares as against 54.43 lakh shares on offer.
Russian central bank holds key rate steady ahead of election
In a recent decision, Russia's central bank opted to hold the benchmark interest rate at fourteen percent. Economic challenges have intensified due to heightened price pressures. Furthermore, Ukrainian drone attacks on oil refineries have resulted in fuel scarcity and price hikes. Positive news came from a reduction in the budget deficit, supported by dividend influxes and soaring oil prices.
Quick Wrap: Nifty Realty Index falls 2.70%
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How NSE helped Zerodha start when it had little money: Nithin Kamath recalls ahead of IPO
Zerodha founder Nithin Kamath recalled how NSEs free NSE NOW trading platform helped the brokerage start in 2010 when it lacked funds to build its own platform. He also said NSE waived Zerodhas membership fee and was welcoming during its early days, expressing confidence that NSEs much-awaited IPO will succeed.
DA news update: Punjab government employees called off their pen-down strike after the state assured that no disciplinary action would be taken against those who participated in the mass leave protest on 27 August.
Kanohar Electricals IPO ends with 90.59 times subscription
The offer received bids for 105.92 crore shares as against 1.16 crore shares on offer.
Glass Wall Systems (India) IPO ends with 81.65 times subscription
The offer received bids for 134.37 crore shares as against 1.64 crore shares on offer.
Atishay wins work order from Municipal corporation Ludhiana
The said work order pertains to Digitization of official records of Municipal corporation Ludhiana. The documents would comprise approximately 165 lakhs pages (including pages of varying sizes, Pay Bill Registers etc.) and may be increased/decreased at the time of actual execution of the work.
Prakash Industries gets environment clearance for Bhaskarpara Coal Mine expansion
RBI deputy governor Murmu calls for stronger human accountability as finance automates
RBI deputy governor S. C. Murmu said automation cannot dilute lenders accountability, while payment systems must strengthen resilience, fraud controls and customer protection.
RBI has bond sales, FX swaps to manage liquidity: RBI Governor
Some of the surplus liquidity in the banking system would be withdrawn over time through foreign exchange interventions and banks' reserve requirements
Sebi proposes extending IT, cyber security framework of MIIs to their arms
Sebi proposed extending IT and cyber security rules to subsidiaries of market infrastructure institutions. This move aims to strengthen regulatory oversight over these evolving business structures. Subsidiaries undertaking core MII activities will now follow parent company's cybersecurity frameworks. Exemptions can be sought if subsidiaries do not meet specific criteria. Public comments on this proposal are due by October 2.
Bank of India plans to raise $1 billion via OFCBs by December
Bank of India plans $1 billion overseas borrowing after raising $2.2 billion through FCNR(B) deposits as lenders seek to benefit from the RBIs hedging subsidy.
Counting Rs 4 lakh crore loss in RIL? Dangote refinery listing in Nigeria could trigger a 30% rally
Reliance Industries could see a re-rating of its oil-to-chemicals business as the planned Dangote Petroleum Refinery listing provides a global valuation benchmark, says YES Securities. The brokerage sees up to Rs 1 lakh crore of potential O2C valuation uplift and retains a Buy rating on Reliance with a Rs 1,660 target price.
8th Pay Commission: A pensioners body has sought a 3.83 fitment factor and a minimum basic pay of 69,000. Here is how the demand compares with the 7th Pay Commission and what employees and pensioners should know about the proposed salary revision.
Indian equity markets ended the week lower as crude oil prices surged and global rate concerns pressured sentiment. Nifty fell 0.34%, while Sensex gained 0.16%. Midcaps and smallcaps declined, volatility rose, with metals and realty stocks leading losses on Friday.
Prasol Chemicals IPO subscribed 3.30 times
The offer received bids for 1.79 crore shares as against 54.43 lakh shares on offer.
Vikram Solar secures 124 MW module supply order for solar project in Andhra Pradesh
Vikram Solar has secured a 124 MW module supply order for a solar project in Anantapur, Andhra Pradesh. The order is placed by Capital Energy.
Sensex, Nifty, Stock Price Highlights: Benchmark indices Sensex and Nifty ended marginally lower on Friday after registering sharp losses during the day following a drop in crude oil prices and buying in blue-chip HDFC Bank and IT stocks.
Five mid-cap mutual funds delivered annualised returns above 20% over three years through September 2, 2026. HSBC Midcap Fund led with 24.1%, followed by Invesco India Mid Cap, ICICI Prudential Midcap, WhiteOak Capital Mid Cap and Edelweiss Mid Cap Fund.
Rupee sees sharpest weekly drop in four months on oil worries
The rupee declined 0.1% to end at 95.55, weakening for the fourth straight day. On the week, it declined 1.1%, the sharpest fall since mid-May when surging oil prices had pushed it to a record low of 96.96.
Two months of red: Large-cap outflows deepen after 6-month inflow streak what should investors do?
Large-cap mutual funds saw 1,147 crore in outflows in August 2026, despite previous inflows. Rising mid- and small-cap investments suggest a shift in investor preference. Here's what investors should make of the divergence.
