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Parliamentary panel may recommend govt for action on monitoring crypto
A parliamentary panel may recommend to the government how to monitor cryptocurrency transactions and what to do legally with such digital assets, a source aware of the matter said. The Parliamentary Standing Committee on Finance, headed by BJP MP Bhartruhari Mahtab, has examined various aspects of Virtual Digital Assets (VDAs), a legal term for cryptocurrencies and non-fungible tokens (NFTs), for over a year and held more than half a dozen meetings. The panel is currently preparing its report for submission to the Speaker of the Lok Sabha. There is a possibility that the committee may recommend to the government action for monitoring of cryptocurrency transactions and wider consultations on what to do legally with all such digital assets, the source said. The panel is also likely to suggest that the government bring in the latest technology for stricter monitoring of all digital assets. India does not recognise crypto as an asset and has issued no direction to regulate them in the
8th pay commission: Stakeholder meetings underway Here are the key dates and FAQs answered
The 8th Central Pay Commission is consulting stakeholders to discuss possible revisions. Chaired by former SC Justice Ranjana Prakash Desai, it will benefit over 1 crore government employees and pensioners, with final recommendations expected by May 2027.
Fusion CX Bets Big On AI, Targets IPO For Expansion
Customer experience firm Fusion CX is significantly investing in AI-enabled services and data infrastructure, aiming to increase its share in total turnover to 25% within 12-18 months. The company, which reported a turnover of Rs 1,818.13 crore in FY26, is preparing for an IPO of Rs 800-1,000 crore in October, driven by organic growth, acquisitions, and its AI strategy.
DA hike news: Sikkim has announced increased dearness allowance and dearness relief for state government employees and pensioners, respectively, with effect from 1 January 2026. Here's how much those under pre-revised and revised basic pay structures will get
Working remotely from hill stations in India may be cheaper than renting in cities. Various listings show monthly rates in Himachal, Uttarakhand, Sikkim and West Bengal.
7 investing lessons from Jim Leitner for building the right market mindset
Leitner believes investors should remain open to new ideas and recognise that markets can challenge even experienced participants.
D-Mart Q2 revenue rises 18% to Rs 19,206 cr; store count at 518
Avenue Supermarts has achieved an impressive 18.4% growth in standalone revenue for the second quarter of 2026, totaling Rs 19,206.18 crore, a substantial rise from Rs 16,218.79 crore compared to the same period last year. This also reflects a 4.7% increase from the preceding quarter's revenue of Rs 18,343.49 crore.
India's digital financial ecosystem has seen rapid payment growth, but investment in mutual funds and equities remains low. An EY report reveals a gap in participation despite over 550 million UPI users. Details here.
Sebi examining position limits for non-agri contracts to boost liquidity
Sebi is actively investigating position limits for non-agricultural contracts to improve market liquidity and depth. Chairman Tuhin Kanta Pandey has highlighted the importance of phased physical settlement for agricultural commodities. The organization is focused on addressing structural issues and increasing technology integration in commodity markets. Furthermore, Sebi plans to expand its educational outreach through Project Jagrook to better inform market participants.
Meesho's Value-Commerce Model: Growth, Competition, and Valuation
Meesho, a value-commerce platform targeting middle- and lower-income geographies, is poised for significant growth driven by its asset-light model and low fulfilment costs, but faces intense competition from e-commerce giants and high valuations.
Dalal Street Week Ahead: Oversold Nifty may rebound as volatility stays high
The technical structure has weakened materially, with the most important development being the Nifty's modest violation of its 200-week moving average, presently placed at 22,606.97. This is the first breach of this long-term average since March 2020 and makes the 22,600 area particularly important over the coming days.
Todays Gold Rate in India October 3: Gold prices down in Delhi, Mumbai, Kolkata, Chennai, Bengaluru
22, 24 carat Gold prices down across metro cities on October 3
22, 24 carat Gold prices down across other cities on October 3
AI could democratise financial advice, bringing it to diverse investors across India, including women and younger generations. But what does it mean for the jobs of traditional advisors? A recent report answers that crucial question.
RBI rate hike unlikely to trigger broad-based NBFC asset quality stress: Report
A report from Nuvama Institutional Equities indicates that a potential RBI rate hike may not significantly stress NBFC asset quality. Past trends suggest that rate increases alone typically do not lead to widespread deterioration. Current impacts from the West Asia conflict have been limited to specific segments and are not broadly felt. Additionally, healthy capital buffers and systemic liquidity are expected to mitigate potential risks.
Cube Highways Trust secures Rs.1,150 crore through AAA-rated NCDs
Cube Highways Trust has triumphantly secured Rs. 1,150 crore by issuing senior secured NCDs, boasting a competitive coupon rate of 7.50% per annum, payable quarterly for five years. Major institutional players, Axis Bank Limited and ICICI Bank Limited, were pivotal investors in this transaction. The proceeds will facilitate debt refinancing and support ongoing capital projects, as part of an ambitious financing initiative targeting Rs. 4,500 crore.
RBI Governor Discusses Crypto Caution And Rising Global Debt
RBI Governor Sanjay Malhotra reiterated India's cautious stance on cryptocurrencies due to concerns over monetary sovereignty and capital flows, while actively promoting underlying technologies like distributed ledger technology and tokenisation. He also addressed the global rise in public debt and hardening bond yields, attributing it to increased government and private spending, including that driven by AI, and noted the implications of global interest rates on India's monetary policy.
Sebi to soon issue framework on Closing Auction Session; receives over 3,500 comments
Securities and Exchange Board of India will release a framework regarding changes to the Closing Auction Session mechanism. The regulator reviewed comments on its consultation paper about market timings and settlement methodology. Sebi intends to address specific issues related to derivatives settlement prices after consultations. Regulatory measures for corporate bond derivatives are also being developed to promote market growth.
Sebi to soon issue framework on CAS; receives over 3,500 comments
Market regulator Sebi will soon issue a framework on proposed changes to the Closing Auction Session (CAS) mechanism after receiving more than 3,500 comments on its consultation paper, its Chairman Tuhin Kanta Pandey said on Saturday. The Securities and Exchange Board of India (Sebi) had sought public comments on its proposal to review certain aspects of the CAS, market timings and the settlement methodology for derivative contracts. The deadline for submitting comments is October 3. Asked when the final framework or circular on CAS can be expected, Pandey said the regulator would quickly examine the responses and move ahead with the process. Today is the last date, and we will actually quickly look at all these comments and go ahead, because I think our proposals are quite clear, Pandey said at an event organised by CPAI (Commodity & Capital Market Participants Association of India). The regulator would not require much time to compile and analyse the responses as the proposals
Debt funds whose returns are more than a conventional fixed deposit instrument.
Bitcoin holds near $84,000, Ethereum moves towards $2,700 as buyers remain active
In the past 24 hours, Bitcoin and Ethereum were down 1.6% and 1.5% respectively. Among the major altcoins, BNB, Dogecoin, Solana, Hyperliquid, Dogecoin and Cardano corrected upto 3.1% whereas Tron was up 0.3%.
Analyst Sudeep Shah, Vice President and Head of Technical & Derivatives Research at SBI Securities, interacted with ETMarkets regarding the outlook for the Nifty, options data, and an index strategy for the upcoming week. The following are the edited excerpts from his chat
Central government employees await the Eighth Pay Commission's report, anticipated by 2027. Delays could lead to losses in arrears and allowances. Details here.
Boeing 737 MAX Glitch Has No Impact: Akasa
Our fleet remains absolutely safe
SEBI working on second surveillance system to identify 'bad elements' among listed cos: Varshney
Focus on listed entities also extends to companies seeking to enter the capital market, particularly through small IPOs, Whole-Time Member Kamlesh Varshney says
RBI grants Core Investment Company registration to Indiabulls
The Reserve Bank of India (RBI) has granted Indiabulls Limited a Certificate of Registration as a Core Investment Company (CIC), bringing the company under the central bank
Nayara Energy hikes petrol by 5, diesel by 3
The latest increase comes amid renewed pressure on fuel retailers from higher global energy prices and follows a series of price adjustments by Nayara this year as refiners grapple with the impact of geopolitical disruptions on crude and product markets
Sanjay Malhotra highlighted the need for vigilance regarding financial vulnerabilities at the Kautilya Economic Conclave. He emphasized that banking and financial stress can develop suddenly yet take years to resolve. Malhotra pointed out the interplay of geopolitical and economic factors complicating current financial stability predictions. He stressed the Reserve Bank of India's role in maintaining financial resilience through appropriate regulations and supervision.
9 large-cap stocks that surged over 50% in the first half of FY27
Among these, we highlight 9 large-cap stocks that have surged over 50% in the first half of FY27 so far, significantly outperforming the benchmark. (Data Source: ACE Equity)
Quant Mutual Fund says investors should stay agile in portfolio allocation amid market shifts
The fund house noted that the geopolitical crisis in the Middle East had entered its eighth month and resulted in severe disruptions to global commodity supplies, with Brent crude rising above $100 a barrel.
Stocks to buy: Axis picks 7 largecap stocks with upside potential of up to 44%. See full list
Axis has picked 7 largecap stocks that have robust value after the sharp correction.
Systematic investment plans (SIPs) across major equity fund categories have delivered returns over the past two years even as most benchmark indices struggled during the period. Here are the top three performers and three laggards, as reported by ETBureau.
Gold and silver prices remained stable on October 3 in India, with slight fluctuations in both 24 and 22-karat gold rates. The MCX was closed, and gold traded above 1.49 lakh, with silver prices reaching 226,590/kg according to the IBA.
Indian stocks face a cyclical correction, not a deeper earnings reset: Mahindra Manulife MF CIO
Markets are also digesting a range of near-term uncertainties, including energy price volatility, geopolitical tensions and the potential impact of AI-led disruption on future employment patterns.
Jio Platforms IPO may open on October 21, issue estimated at $3.8 billion: Report
The IPO is expected to remain open until October 23, with the anchor book likely to open on October 19. The shares are targeted to list on the stock exchanges on October 28, although the timeline remains subject to market conditions and could change depending on developments in financial markets, the report added.
Robinhood stock tokens turbocharge a new era of meme trading
Traders are actively engaging in memecoin and stock token swaps on Robinhood's platform, blurring traditional investment lines. The SEC has allowed temporary tokenized stock trades, reflecting a growing retail trend. Companies like AMC have expressed concerns over tokens trading without their involvement. As these trades evolve, stock prices may become detached from their underlying assets. This shift signifies a potential change in how risk is perceived by day traders.
Think debt mutual fund gains are always taxed as short-term? Not if you bought them before this date
Debt mutual funds invest in fixed-income securities, appealing to conservative savers. Profits from funds purchased after April 1, 2023, are always taxed as short-term capital gains. But the rules change if you bought the units before that date. Check details.
Concurrent Losers: 14 midcap stocks decline for 5 consecutive sessions
Over the last five trading sessions ended October 1, the benchmark Sensex declined 2.27%, or 1,671 points, to close at 71,909. The index recorded losses in four of the five sessions.
Bank holiday today, October 13: Are SBI, HDFC Bank, and other banks closed on Saturday?
Banks in India are open today, October 13, 2026, as it is the first Saturday. Scheduled closures occur on certain Saturdays and Sundays, limiting in-branch access.
Mumbai airport changes from Oct 25: With the planned partial discontinuation of international services from October 25, IndiGo and Air India will have to cut 74 and 33 weekly overseas flights, respectively, from the Mumbai airport, said sources.
Explained: Want to know how long your investment will take to double? Use Rule of 72
The Rule of 72 is a tool that assists investors in estimating investment growth duration. By dividing the rate of return into 72, one can predict how long doubling their investment will take. It is particularly beneficial for understanding compound interest and the impact of inflation. Additionally, the method can determine the required rate of return to double an investment in a specified timeframe.
Bleak Winter! Why analysts are hinting at painful October even after 8 weeks of Nifty correction?
The global backdrop remains the biggest problem. US yields above 5%, a firm dollar, higher crude prices and rupee weakness make India more vulnerable.
IPO Calendar: Quiet week ahead after Rs 39,000 crore September rush, but Street to see 29 listings
The momentum had picked up sharply from August, after a muted first four months of FY27, as stronger listing gains and steady liquidity pulled investors back into new issues.
DA hike 2027: Dearness Allowance may rise to 67% from January | How much more could employees get?
The January 2027 Dearness Allowance (DA) rate is pending confirmation, influenced by upcoming CPI-IW readings.
Bonus issues & stock split: 5 stocks rewarding shareholders next week
The list remains tentative as more companies may announce record dates for bonus issues and stock splits during the week.
As the fourth quarter commences, US stocks traditionally experience a positive trajectory. Nonetheless, investors face hurdles such as climbing bond yields and a heavy reliance on AI expenditures. Coupled with the looming corporate earnings season and the November elections, market unpredictability intensifies. Analysts predict notable earnings growth, particularly driven by investments in AI infrastructure, which could shape the market's direction as the year concludes.
AI earnings shield US stocks, but bond risks rise: Jefferies' Wood
US equities have largely remained strong, aided by robust earnings growth driven by the AI capital expenditure cycle. Rising bond yields and geopolitical tensions, however, are beginning to impact investor sentiment negatively. Analysts are concerned about the sustainability of the AI capex cycle and its expected returns. Additionally, there is a realization that G7 government bonds are entering a structural bear market.
Large caps face investor apathy, mid and small caps fuel euphoria
Investor sentiment towards large-cap stocks is currently apathetic, despite improved valuations in the market. Retail investors are increasingly enthusiastic about mid- and small-cap stocks, enjoying recent positive developments in those sectors. The ongoing West Asia conflict and declining stock prices contribute to investor despair among large caps. Meanwhile, small and mid-cap sectors attract retail investors due to their potential for quick returns.
Bajaj Finance set to mop up Rs 17,500 crore via QIP, warrants
Bajaj Finance intends to raise 17,500 crore through share sales and warrants to fuel its growth. The company's board approved plans for 11,700 crore via a qualified institutional placement and 5,800 crore through warrants for its promoter. A shareholder meeting will be convened to approve the proposed QIP. This marks the first major fundraising effort since the previous capital raise in November 2023.
More than half of mid-to-large cap companies fail to deliver returns in 2026
More than half of India's mid-to-large tier companies with market capitalisation above 1,000 crore have faced losses in 2026. Eight companies have experienced significant market cap erosion, affecting investor sentiment. Factors such as regulatory issues, funding costs, and margin pressures contributed to these declines. Foreign portfolio investors have sold a substantial amount of Indian equities this year amid geopolitical uncertainties.
The IRDAI is scrutinising high commissions earned from mandatory motor insurance policies sold through dealers. Here's what the regulator's proposed fix means for dealers and buyers.
Anthropic targets mega-IPO before Thanksgiving Holiday
Anthropic PBC is expected to start marketing its initial public offering around November 9. The company's trading debut could occur before Thanksgiving, which is on November 26. Although facing competition from OpenAI, investors remain optimistic about Anthropic's valuation. Despite significant losses, the firm aims to exceed SpaceX's record IPO size. The market for new listings has experienced delays, but Anthropic is pushing forward.
SBI-led lenders say Vijay Mallya owes Rs 8,752 crore more
A group of lenders, spearheaded by the State Bank of India, has revealed that Vijay Mallya still owes an astonishing Rs 8,752 crore. This figure remains despite having recovered over Rs 10,270 crore, including recent payments. Mallya's claims of settling his debts with banks are in question. Court proceedings continue regarding the recovery of dues and criminal charges, with the Enforcement Directorate asserting that even recovered funds don't dismiss ongoing criminal cases.
E-commerce platforms lean into affordability this festive season
The push mirrors Meeshos affordability strategy, intensifying competition in Indias fast-growing value-commerce segment.
Nasdaq rises 1%, Dow, S&P close higher as weak jobs data tempers rate hike bets
U.S. stocks finished higher following a weaker-than-expected jobs report which eased rate hike expectations. Nonfarm payrolls rose by only 29,000, significantly below economists' forecasts of 90,000. The S
September 2026 was a challenging month for equity mutual funds, with all four major categories seeing declines. But a look beyond the monthly numbers reveals a different picture, with notable differences in how large-, mid-, small-, and flexi-cap categories have performed over longer periods.
NCLT admits insolvency plea by Kotak Mahindra Bank against Unity Realty
Kotak Mahindra Bank's insolvency petition against Unity Realty and Developers has been admitted by the NCLT. The petition was filed due to a claimed default of 68.49 crore, which dates back to September 2023. Unity Realty is a corporate guarantor for financial facilities availed by Unity Infraprojects, which faced financial difficulties leading to the current situation.
Switching to an electric vehicle: What you need to know about ev insurance
EVs rely on expensive components such as high-voltage battery packs, electric motors and sophisticated electronic systems. Repairs involving these components may require trained technicians, specialised tools and dedicated facilities, potentially increasing the cost of a claim
Bagchi's big test at HDFC is winning back trust
Anup Bagchi's big test at HDFC Bank is winning back investor trust
Incoming HDFC Bank CEO Anup Bagchis immediate task is to restore investor confidence by improving execution and governance, as the banks loan growth and return on equity have fallen towards industry averages.
All Saturdays declared bank holidays? PIB Fact Check debunks fake notification
The clarification comes shortly after bank unions deferred a three-day nationwide strike that was scheduled to take place from September 28 to 30
A new RBI rule from 1 October changes how service exporters receiving overseas payments must report their earnings. Freelancers, creators and other professionals may need to take an additional compliance step through their bank. Heres what you need to know.
NBFCs first stop for many new borrowers
NBFCs now account for half of Indias new-to-credit (NTC) borrowers, up from 24% in 2016, according to a TransUnion CIBIL-FIDC report covering about 2,000 NBFCs.
FPIs Pull Rs 35,860 Crore from Indian Equities in September
Foreign Portfolio Investors (FPIs) became net sellers in September, withdrawing Rs 35,860 crore from Indian equities due to global uncertainties, high US interest rates, and elevated crude oil prices, with outflows continuing into October.
Fuel inflation can affect household budgets differently, depending on the fuel used for cooking and commuting. The latest Finance Ministry report shows how inflation in LPG, PNG, petrol, diesel, and CNG has changed over the last few months. Heres what the numbers mean for your expenses.
A chapter outlines step-by-step procedures to compute total tax liabilities using the new tax regime, deliberately omitting references to the old tax regime.
FPIs turn net sellers, pull out 35,860 crore in September
The outflows came after FPIs invested 20,200 crore in Indian equities in July and 29,630 crore in August
Swiggy 'cost for two' misleading? What Delhi consumer court's 1 lakh order means for diners
A Delhi consumer court directed Swiggy and a restaurant to pay 1 lakh as compensation over unfair trade practices. The order was passed by a three-member bench as per LiveLaw.
Gold, silver, equity and debt ETFs do not face the same tax treatment when you sell. The holding period, type of ETF and size of gains can affect how much tax you pay. Heres a look at the key rules and how the tax maths works for each category.
International mutual funds are again seeing investment restrictions change within days. While lump-sum investment options remain limited, some funds continue to accept SIPs, subject to specific conditions. Heres what has changed and why these funds keep opening and closing.
Anup Saha to take over as Kotak Mahindra Bank MD and CEO in 2027
Anup Saha, currently a Wholetime Director at Kotak Mahindra Bank, has been appointed as the new Managing Director and Chief Executive Officer for a three-year term, effective January 1, 2027, with the Reserve Bank of India's approval.
The case highlights the importance of establishing ownership and the source of cash or foreign currency found during an income tax search through credible, corroborated evidence.
US stocks rose, with the Nasdaq Composite hitting a record high after disappointing jobs data emerged. Lower Treasury yields and declining oil prices contributed to the positive market sentiment. Notable gains were observed in semiconductor stocks, with Nvidia reaching an intraday record high. Nike's shares fell due to forecasts of a significant revenue decline linked to challenges in China.
UPI Volume Jumps 27%, New MDR Rules Take Effect
UPI transactions saw a 27% volume increase and 20% value increase in the first half of the current fiscal year. Despite a slight moderation in September, the digital payment system is set to implement a 0.4% merchant discount rate on transactions over Rs 2,000, aiming for a sustainable revenue model. Small merchants and person-to-person payments remain exempt, and UPI's global presence continues to expand.
Nifty 50 Equal Weight Index Funds give investors balanced exposure across large-cap stocks. But with all funds in the red over the past year, should you invest or not? A simple indicator may help investors assess which strategy could suit the current phase.
Saroj Poddar Group, Keventer launch real estate-focussed AIF, target 400 crore corpus
The category II Alternative Investment Fund, the first AIF launched by a real estate developer from West Bengal, is expandable to 600 crore through a 200 crore greenshoe option
Sleepless on Wall Street: All-night stock exchanges coming soon
US equity exchanges will begin extended trading hours with an overnight session from 9 p.m. to 4 a.m. starting December 6. The changes aim to cater to growing foreign investor interest and compete with crypto markets. However, concerns about market liquidity and increased risks during these hours are prevalent among institutional investors. Pre-existing trading volumes suggest that institutional participation during night hours may be limited.
Bets on US Federal Reserve rate hike in October fall as job market cools
Last month, the US economy added only 29,000 jobs, significantly below the economists
Nike's struggles test investor confidence in CEO Hill's turnaround effort
Nike has faced significant challenges under Elliott Hill, who was brought out of retirement to stabilize the company. Despite efforts to rebuild relationships with retailers and focus on sports products, revenue continues to decline. The company announced job cuts and projected further declines in sales and profit for the upcoming fiscal year. Nike is also contending with performance issues in its markets, particularly in China.
Bank of Baroda enters pension fund business as PFRDA targets 4 crore new NPS subscribers
Bank of Baroda enters the pension fund business as PFRDA targets up to 4 crore new NPS subscribers in the next two to three years.
The biggest mutual funds by AUM do not necessarily deliver similar performance against their benchmarks. A comparison of their 1-, 3-, and 5-year CAGR shows how different schemes have fared across these periods. Heres what the numbers reveal for investors.
The Income-tax Appellate Tribunal rejects the tax department's attempt to withhold statutory interest.
Cheaper, fresh-issue IPOs deliver stronger gains for investors who hold on
Low-P/E IPOs delivered strong post-listing gains, while expensive issues saw returns front-loaded at listing
Meet Sudhakar Malli, RBI's new Executive Director and banking supervision veteran
Malli is a career central banker with around three decades of experience, including more than two and a half decades in the supervision of banks, non-banking financial companies and co-operative banks.
Branch boy to CEO: Who is ICICI Lifes Mishra?
NPS Retirement Income Scheme: How payouts work, what happens to annuity and where corpus is invested
The Retirement Income Scheme allows NPS subscribers to receive regular payouts from the designated portion of their corpus. Check how the payouts will work, what happens to the mandatory annuity portion, and how the corpus will be invested.
ICICI Life Insurance appoints Sidharatha Mishra as MD, CEO from October 14 - Who is he?
ICICI Life Insurance Company on Friday ( 2 October) appointed Sidharatha Mishra as managing director and CEO effective October 14, according to exchange filing.
ICICI Life Insurance appoints Sidharatha Mishra as MD & CEO as Anup Bagchi joins HDFC Bank
ICICI Life Insurance Company on Friday appointed Sidharatha Mishra as managing director and CEO, effective October 14. The appointment comes after current CEO Anup Bagchi resigned from the company, with his resignation taking effect on October 13. Mishra will succeed Bagchi as head of the life insurance company.
