26 C 
Manufacturing adds 1.4 million jobs in FY25
The number of people engaged in registered manufacturing increased 7.19% year-on-year to 21 million in 2024-25, while total emoluments rose 12.08%.
Explained | As US giants OpenAI and Anthropic warn about risks, how is China guarding its AI models?
China's AI oversight differs from the US by implementing govt-mandated safeguards rather than relying on voluntary commitments. New guidelines emphasise 'safety and controllability' in AI development, as Beijing focuses on regulatory oversight parallel to evolving AI capabilities of its companies.
Avalon Tech block deal: Promoters divest 6% stake worth Rs 871 crore
Avalon Technologies saw an Rs 870.6 crore bulk deal as three promoter entities sold 40.08 lakh shares, representing 6% equity. Kotak Mahindra Mutual Fund bought 24.02 lakh shares, while Nomura retained its Buy rating and raised its target price.
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian equities declined for a third straight session, with Sensex losing 49 points and Nifty falling 96 points as rising bond yields weighed on sentiment. Broader markets gained, while analysts highlighted crude prices, inflation and monetary policy uncertainty.
HDFC Bank Group General Counsel Sudhir Kumar Jha retires after 22 years
Sudhir Kumar Jha has retired from HDFC Bank effective September 30, 2026, concluding his 22-year tenure. Following his retirement, Jha will no longer hold a senior management position at the bank. HDFC Bank recognized Jha's significant contributions to its legal and compliance framework over the years. Jigar Shah is set to succeed Jha as General Counsel starting October 1, 2026. The transition marks another leadership change within the HDFC Group.
The Delhi HC ruling is relevant to families where parents own a house but allow their children or other relatives to live there. It distinguishes between the right to reside in a family property and a legally established ownership interest.
Jio Financial, Allianz pump Rs 640 crore into general insurance JV via rights issue
Jio Financial Services and Allianz Europe B.V. have each invested Rs 320.05 crore in Jio Allianz General Insurance through a rights issue, collectively infusing Rs 640.1 crore into their 50:50 joint venture. The insurer will use the funds for business operations, while Jio Financials total investment has reached Rs 375 crore.
Market Trading Guide: JM Financial, IDFC First Bank among 5 stock recommendations for Thursday
Analysts recommend five stocks for ThursdayJM Financial, IDFC First Bank, Clean Science, City Union Bank and BEMLciting technical signals and support levels. Cautious sentiment persists amid higher oil prices, elevated bond yields, inflation concerns and uncertainty over global monetary policy.
Domestic inflows propel smallcaps in H1FY27 despite September rout
Rising crude prices, soaring US bond yields, and FII outflows wipe out Rs 18.4 trillion in monthly market cap.
Rupee remains relatively stable in H1 FY27 after 10% fall in FY26
On the other hand, the yield on the benchmark 10-year government bond has risen by around 13 basis points during the same period.
Promoters dilute 6% stake in Avalon Technologies for Rs 871 crore
Avalon Technologies saw three of its promoter entities divest a collective 6% stake for a substantial Rs 871 crore via bulk deals, bringing their ownership down from 44.39% to 38.4%. In this strategic move, Kotak Mahindra Mutual Fund bought 24.01 lakh shares priced around Rs 2,171. The deal was struck with share prices fluctuating between Rs 2,171.03 and Rs 2,173.35, while Avalon Technologies closed slightly lower at Rs 2,294.
US dollar retreats after softer-than-expected inflation data
The dollar faced a downturn against key currencies following unexpected inflation results from the US. The US Commerce Department reported the Personal Consumption Expenditures Price Index increased by merely 0.3% last month, contrary to economists' forecasts of 0.4%. This shift affected market predictions about Federal Reserve interest rate adjustments, resulting in lower US Treasury yields.
US yields pull back as rate hike bets ease after inflation data
Traders took stock on Wednesday, moderating their forecasts for Federal Reserve rate hikes after the latest inflation figures. Reports showed inflation's increase for August fell short of economists' predictions. As a result, futures contracts adjusted to reflect a less than even chance of a rate hike in October. However, there remains strong anticipation for a rate increase by December, showcasing the market's response to shifting economic trends.
Oil Ministry aims to amend Petroleum act to decriminalise minor offences
Accordingly, the Ministry has proposed to amend the Petroleum Act, 1934 through amendment of Chapter three, which relates to Penalties and Procedure
IBAI flags job, growth risks from IRDAIs proposed distribution reforms
The Insurance Brokers Association of India (IBAI) has warned that IRDAIs proposed changes to insurance distribution could shrink distribution, increase job losses and slow insurance growth. IBAI supports measures such as banning compulsory insurance bundling with loans, suitability checks and claw-backs for proven mis-selling.
HDFC Bank appoints VN Srivatsan as Chief Compliance Officer for 3-year term: Who is he?
HDFC Bank has appointed VN Srivatsan as Chief Compliance Officer for a three-year term from January 2027. Currently with ICICI Bank, Srivatsan has 34 years of experience, including 25 years in BFSI and nearly a decade in compliance and regulatory inspection.
Centre allocates 14 lakh tonnes of sugar for sales in Oct 1-15 ahead of Dussehra
Mills in Karnataka, Maharashtra and Uttar Pradesh have been allocated 10.77 lt or 83 per cent of the total 13 lt across the country, 1 lt allocated for standal one refiners
Bank Holidays in October: Check Dates, festivals & closures
Bank branches will observe multiple closures in October, with the holiday schedule varying from city to city due to regional festivals and local observances
Geojit Financial Services reshuffles top deck; Jones George to take over as MD
Geojit Financial Services will transition leadership on October 1, 2026, with founder C.J. George becoming Executive Chairman and Jones George taking over as Managing Director. The move forms part of the companys succession plan and technology-led growth strategy.
Inherited family gold? How to prove ownership and source of jewellery to Income Tax Department
The Kolkata Income Tax Appellate Tribunal ruled in favour of the assessee in a case, underscoring the importance of supporting claims about inherited jewellery with credible and consistent evidence.
Indian govt approves procurement of 7.11 lakh tonnes of soybean, moong, and tur at MSP in 3 States
The procurement of these in Uttar Pradesh and Karnataka will benefit growers to the tune of 5,547.99 crore
Jio Finance, Allianz Europe invest 320 cr each in JV Jio Allianz General Insurance
The aggregate investment by Jio Finance in the JV to date is 375 crore
Starting a startup requires careful financial planning. Founders should prioritise family security by creating a safety fund, protecting savings for family goals, and building a startup fund.
The Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY), launched in August 2025, offers employment linked incentives for salaried workers from 1 August 2025 to 31 July 2027, with an allocation of 99,446 crore to boost first-time employment and encourage employers.
Reliance Industries raises 13,000 crore through 10-year bonds at 7.90%
RIL's latest 13,000 crore issue takes its rupee bond fundraising in September to 25,000 crore as borrowing costs face upward pressure amid rate hike expectations
Brokers Call: ICICI Lombard GIC (Add)
Emkay Global Services
US stocks: US market opens higher as soft inflation data eases rate-hike fears
On Wednesday, major indexes on Wall Street experienced a positive start, buoyed by favorable investor sentiment following a recent inflation report. The Dow Jones Industrial Average increased by 74.9 points, reaching a starting value of 51,424.84. Additionally, both the S&P 500 and Nasdaq Composite reflected the market's optimism about future economic stability.
Brokers Call: Torrent Power (Neutral)
Motilal Oswal Research
PB Fintech, Wipro among 8 stocks that hit 52-week low and slipped up to 45% in a month
Eight BSE 100 stocks hit fresh 52-week lows as the Sensex fell 49 points to 72,480. PB Fintech, Havells India, Wipro, Britannia Industries, Tata Consumer Products, Godrej Consumer Products, Hindustan Unilever and ONGC recorded new annual lows.
Zerodha founder Nithin Kamath says nearly all of the brokerages leaders have risen internally, with many joining early in their careers. He also discussed Zerodhas long-term approach to social impact, questioning whether mandatory CSR spending delivers meaningful outcomes.
Personal loan growth rises to 16.9% in August: RBI
Bank credit growth strengthened across major sectors in August, with personal loans rising 16.9% year-on-year to 72.9 lakh crore, up from 11.9% a year earlier, RBI data showed.
Bank deposit rates fall as fresh lending rates rise in August
In August, banks lowered the weighted average rate on fresh rupee term deposits to 5.67%. At the same time, the average lending rate on new loans increased to 8.61%. Public sector banks experienced a decrease in deposit rates, while private banks faced a similar trend. Lending rates varied based on loan types, with personal loans seeing a significant increase.
Transport Corp announces key details for Rs 150 crore share buyback plan
Transport Corporation of India will buy back up to 15.63 lakh shares for Rs 150 crore at Rs 960 each. The tender offer has October 9, 2026 as its record date, with 15% reserved for eligible small shareholders.
Where to invest after an asset bubble bursts? Nilesh Shah of Kotak makes the case for public markets
Kotak AMCs Nilesh Shah says public markets can offer opportunities after asset bubbles burst, as distressed valuations emerge. Multiples Renuka Ramnath highlights private markets greater control, while both stress diversification, liquidity and risk management across investment portfolios.
Tata Group stock! BofA turns bullish on Trent, initiates coverage with Buy, pegs 17% upside
BofA Securities initiated coverage on Trent with a Buy rating and Rs 3,075 price target, citing its differentiated retail model, Zudio and Westside growth, integrated technology, supply chain capabilities and long-term market share opportunities.
HDFC Bank names ICICI veteran banker V.N. Srivatsan as Chief Compliance Officer
HDFC Bank has appointed V.N. Srivatsan as its Chief Compliance Officer for a three-year term, effective from his joining date on January 4, 2027. Srivatsan, currently Head Compliance: Overseas Banking and Subsidiaries & Data Privacy Officer at ICICI Bank, has around 34 years of professional experience, including 25 years in BFSI.
Simple Energy raises 1,750 crore in equity funding for expansion projects
This marks Simple Energys largest funding round, taking the total funding to 2,530 crore to date
UPI charges spark protest: why are retailers planning a No UPI Day?
Indias retailers vs UPI MDR: What's behind the nationwide protest?
Delhi to get 'Intelligent Traffic Management System': Objective, how it will work and what changes
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the 1,789.52 crore project to implement the Intelligent Traffic Management System in the national capital. The system will manage city traffic with real-time data, adaptive signals and more.
Vera Vita Living to invest Rs 250 cr to build homes for elderly in Hyderabad
Vera Vita Living LLP is set to invest Rs 250 crore in a groundbreaking housing initiative dedicated to senior citizens. The project, which encompasses 256 flats on 2.5 acres near the Kandlakoya reserve forest, addresses the growing need for senior living options in South India, especially in Hyderabad. The company is also exploring expansion into new cities, reflecting shifts in lifestyle and priorities among modern elders.
Smartworks to get Rs 305 cr office rent from new corporate clients
Smartworks Coworking Spaces Ltd has successfully secured new leasing contracts with corporate clients in various cities. The company projects a remarkable Rs 305 crore in rental income over the upcoming five years. Notably, Smartworks focuses on providing managed office spaces tailored for mid-to-large size enterprises. Details regarding the total office space leased were not included in the announcement.
When both account holder and nominee pass away: An 83-year-old farmers legal victory
The consumer commission determined that the bank demonstrated a clear deficiency in service by failing to process the claim with reasonable speed, transparency, and care
India bonds end choppy quarter at over 2-year lows as rate hike bets mount
Indian government bonds closed the quarter at their weakest levels in more than two years. Fluctuations in oil prices and rising global yields influenced market conditions significantly. Anticipations regarding rate increases by the Reserve Bank of India affected bond supply fears after increased long-term bond issuance. India's inflation rate in August exceeded the RBI's medium-term target, showing persisted price pressures.
Dow Jones| Nasdaq | US Stock Market Today | Live: US market futures extend gains after economic data
Bitcoin holds near $84,000, Ethereum steady as crypto market awaits catalyst
Bitcoin and Ethereum remained relatively steady despite a challenging macro backdrop, with elevated US Treasury yields weighing on crypto markets. Experts said Bitcoins ability to hold key support levels points to underlying demand, while investors await fresh catalysts from macro data, ETF flows and monetary policy for the next directional move.
Today, we take a look at the full list of cities the 8th CPC panel is scheduled to visit in October 2026 from Bengaluru in Karnataka and Mumbai in Maharashtra, where the panel is also expected to visit the central railway department.
ET Alpha Wealth Summit 2.0: Why next market cycle may need a new playbook
Market cycles can reshape sector leadership, earnings expectations and valuations. As investors navigate changing interest rates, geopolitical shifts and the rise of artificial intelligence, business quality and valuations remain key. Veteran investor Prashant Jain will share lessons from three decades of market cycles at the ET Alpha Wealth Summit 2.0.
IFSCA plans to introduce a direct-listing framework at GIFT City within months, allowing companies to list shares without traditional IPOs. The move aims to deepen GIFT IFSCs equity market, complementing its growing bond, overseas investment and sustainable finance ecosystem.
Planning to start an Airbnb business at home? Answer these 10 questions to find out where you stand
Hosting guests through Airbnb can be profitable, but it comes with significant responsibilities and costs. It's crucial to check housing rules, property agreements, and local regulations.
Macquarie sees strong earnings recovery for banks, picks 5 stocks to outperform
Macquarie expects Indian banks to deliver 18% EPS growth in FY28, supported by higher margins, stronger loan demand, easing liquidity pressures and stable asset quality. The brokerage upgraded Bank of Baroda, Kotak Mahindra Bank and select financial stocks.
Indian equities extended their decline on Wednesday, with Nifty slipping below 22,650 as selling pressure persisted at higher levels. Healthcare stocks led the losses, while banks and realty stocks outperformed. Kotak Mahindra Bank, InterGlobe and ICICI Bank were among the top gainers, while Apollo Hospitals and Max Healthcare led the decliners.
DA news: Is dearness allowance part of your annual CTC? Taxation process, explained
DA-related FAQs for taxpayers from whether the component is credited as part of your salary, if it is subject to tax, or must be reported in your income tax returns filing, and more.
J&K allows one-time NPS to OPS switch for govt employees: Check eligibility, deadline and rules
Jammu and Kashmir government employees meeting specified recruitment conditions can switch from NPS to OPS under a one-time option. Check eligibility, SRO-400 rules, application process and the 28 December 2026 deadline before exercising the pension choice.
Sensex, Nifty, Share Prices Highlights: Market benchmark indices Sensex and Nifty ended lower on Wednesday, extending losses for the third straight day, as firm crude oil prices, elevated global bond yields and foreign fund outflows made investors jittery.
Adroit Industries gains 85%, Swastika Infra hits upper circuit, ArMee, Elevate fall on debut day
Adroit Industries led the rally with listing gains of over 85%, while Swastika Infra hit the upper circuit; ArMee Infotech and Elevate Campuses, meanwhile, witnessed selling pressure following weak debut
India monsoon ends with 13% deficit; 15 states receive below normal rains
IMD says as many as 313 districts out of 741 in India are either deficient or large deficient, which means they have received at least 20% below normal rainfall
Rupee rises 13 paise to close at 95.81 against US dollar
At the end of Wednesday's trading session, the domestic unit was quoted at 95.81 (provisional) against the greenback, higher by 13 paise over its previous close
Rupee lingers around bottom of Asia FX pile as global headwinds deepen
The Indian rupee has experienced a decline impacted by elevated crude prices and increasing global bond yields. During the last quarter, the currency fell 1.2%, and monthly losses reached 0.7%. Despite the downturn, the Reserve Bank of India managed to stabilize the rupee through interventions and support measures. Analysts expect the upcoming monetary policy decision to influence the currency's future movement.
A Delhi businessman secured relief from the ITAT in a 2.47 crore cash-deposit case linked to demonetisation. The tribunal accepted documentary evidence for business sales, family funds and other cash sources, highlighting the importance of maintaining clear tax and financial records.
Retailers To Hold 'No UPI Day' Protest On October 2
The All India Mobile Retailers Association (AIMRA) has announced a nationwide 'No UPI Day' protest on October 2 against the proposed 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000. Retailers argue that this charge will burden small businesses and impact their already thin profit margins, urging policymakers to withdraw the proposal.
Sensex falls 49 points, Nifty ends below 22,650 as market continues to bleed. What lies ahead?
The Indian stock market saw further declines as the Sensex dipped nearly 49 points while the Nifty sank around 96 points by session's end. Rising bond yields spooked investors, dampening market sentiment. Yet, the Nifty Midcap 100 and Smallcap 100 managed to rise by 0.3%, showcasing a surprising resilience in the broader market despite the downturn in leading indices.
Global Market: BoE's Taylor says energy prices alone do not justify rate hike
Bank of England policymaker Alan Taylor said further rate increases remain unlikely unless higher energy prices generate persistent, broad-based inflation. He noted limited second-round effects, moderate wage growth and subdued food-price pressures. With rates held at 3.75%, policymakers remain divided as they monitor wages, services inflation, energy costs and economic weakness.
Saurabh Mukherjea-led Marcellus Investment Managers gets Sebi nod to launch mutual fund business
Marcellus Investment Managers has officially gained SEBI's green light to launch its mutual fund operations in India. This move opens up opportunities for the company to share its robust investment strategies with a wider market. The fund aspires to direct household savings toward reputable companies known for their governance. Saurabh Mukherjea highlighted the importance of transparency and making investments accessible to all, continuing the firms well-regarded research-driven philosophy.
Global Market: Eurozone bond yields ease from highs as rate-hike bets cool
Eurozone bond yields eased Wednesday from multi-year highs as investors tempered expectations for further rate hikes. Germanys 10-year yield fell to 3.57%, while French and Italian borrowing costs also declined but remained sharply higher for September. Falling energy prices and cautious central-bank signals offered relief, ahead of key inflation data.
Azad Engineering zooms 111% in six months; hits new high on heavy volumes
Analysts at ICICI Securities upgraded the rating on Azad Engineering to 'Buy' as they expect follow-up large orders from GE, providing another 5-6 years of visibility to the newly commissioned unit.
The vacation-home dreamand the cost of keeping it alive
A second home can offer family time, rental income and a future retreatbut upkeep, distance, vacancies and changing circumstances can make it far more demanding than expected.
Before chasing new investments, ask yourself these six questions
SIFs, GIFT City investments and other new products can look attractive, but investors should look beyond return expectations and assess risk, portfolio fit, costs, liquidity and taxation first.
Sun TV shares jump 20% after demerger reports, company dismisses sports business rumours
In a clarification to the stock exchanges, Sun TV Network said the news report suggesting a possible demerger of its sports division was a rumour and that it could not comment on market speculation
Planning to invest in smallcap mutual funds via SIP? Check 3 top performers and 3 laggards
TRUSTMF Small Cap Fund delivered the highest SIP return among smallcap funds over the past two years, followed by Bank of India Small Cap Fund and Union Small Cap Fund. The category average stood at 14.25%, while the benchmark returned 9.78%.
Diwali stock picks: Urban Company among 5 stock ideas from Ambareesh Baliga for up to 38% upside
Baliga has set a target price of Rs 3,420 for Endurance Technologies, compared with its current market price of Rs 2,688, implying an upside of nearly 27%.
Coca-Cola mulls filing draft papers for $1 billion India IPO in December
Coca-Cola Co. plans to submit a draft prospectus by December for the anticipated IPO of Hindustan Coca-Cola Beverages Pvt. This offering, projected to garner about $1 billion, is expected to attract existing investors. With a valuation close to $10 billion, the deal highlights India's thriving investment landscape. The company has teamed up with various banks to streamline the process, riding the wave of recent IPO successes in the region.
Coca-Cola considering December filing for India bottling unit's $1 bn IPO
The Atlanta-based drinks giant has also added Axis Capital Ltd. and IIFL Capital Services Ltd. to the roster of banks working on the Hindustan Coca-Cola Beverages Pvt deal
Food companies turn to lawyers as FSSAI scrutiny reaches boardrooms
India's food regulator has intensified enforcement, leading packaged-food companies to seek legal advice on compliance issues. Scrutiny now involves senior management as concerns about reputational risks rise.
Wadhwa Group starts IPO process via confidential filing with Sebi
The Mumbai-based developer has prefiled its DRHP with Sebi as it moves towards a potential listing amid record capital inflows into Indian real estate
Can a housing society evict a tenant? Legal expert explains renters' rights and protections
Can a housing society evict a tenant from a rented flat? Know who has the legal right to seek eviction, how the Transfer of Property Act and rent-control laws protect tenants, and what renters should do if a society threatens forced eviction.
Adroit Industries shares make strong debut, jump 86.5%
Adroit Industries' 151-crore issue had a price band of 126-134 per share
MRPL shares tumble 5% after explosion at Mangaluru plant, thick smoke seen from refinery unit
MRPL shares fell over 5% after an explosion was reported at its Mangaluru refinery, with thick smoke seen emerging from the facility. Fire brigades and ambulances rushed to the site, while the cause remained unknown.
Coverfox founder and MD Sanjib Jha has raised concerns over IRDAIs proposed 2% commission cap on loan-linked insurance, warning it could make servicing rural and underserved borrowers economically unviable.
Global Market: Bank of Korea steps up won support with $9.6 billion sale
South Koreas central bank sold a net $9.612 billion in foreign currency during the second quarter to support the weakening won, marking its seventh consecutive quarter of intervention. The won fell 2.1% against the dollar during the period, pressured by a stronger U.S. currency and global market volatility, raising inflation concerns.
Anthropic is preparing for a potential IPO as its revenue surges, but losses and infrastructure commitments balloon. The AI company has also warned of existential risks from advanced models and highlighted its heavy reliance on Amazon and Google.
Wadhwa Group Holdings files confidential IPO papers
Wadhwa Group Holdings Ltd, the holding company of real estate developer The Wadhwa Group, has filed preliminary papers with markets regulator Sebi for an Initial Public Offering (IPO) using the confidential route, keeping offer details private for now.
Health insurance buyers should check more than the sum insured for cardiac care. Experts recommend reviewing coverage for advanced procedures, device caps, sub-limits, waiting periods, room-rent restrictions and pre-existing cardiac conditions.
Inox Clean Energy plans 10,000 crore IPO, files papers with Sebi
The proposed issue comprises a fresh issue of up to 8,000 crore and an offer for sale of up to 2,000 crore by the selling shareholder
Re-rating on cards for HAL shares as Tejas Mk1A aircraft deliveries near: Jefferies
Tejas Mk1A accounts for 43% of HALs order book and could emerge as a key re-rating trigger as deliveries gain visibility, Jefferies said. HAL CMD Ravi Kota expects to deliver 10 aircraft this year, ahead of Jefferies earlier estimate of five. The brokerage retained its Buy rating with a Rs 6,800 target.
22, 24 carat Gold prices up across other cities on September 30
Todays Gold Rate in India September 30: Gold prices up in Delhi, Mumbai, Kolkata, Chennai, Bengaluru
22, 24 carat Gold prices up across metro cities on September 30
Global Market: European shares head for first monthly decline in six months as yields rise
European shares were set for their first monthly decline in six months as Middle East tensions, higher energy prices and rising bond yields heightened inflation and interest-rate concerns. The STOXX 600 gained 0.7% but remained on track for a September loss. Mining stocks advanced, while investors awaited key European inflation data.
Govt sets 374 mt foodgrain target for 2026-27 despite El Nio
Despite the looming threat of El Nio and drought conditions in several states, the Indian government has set an ambitious foodgrain production target of 373.93 million tonnes (mt) for the 2026-27 crop year, slightly lower than the previous year's actual output but higher than its target.
Global Market: Euro under pressure from energy shock and political risks
The euro has fallen nearly 2% in September as energy prices, political uncertainty and a stronger dollar weigh on the currency. Concerns over German and French politics, rising borrowing-cost spreads and elevated European gas prices threaten growth. ECB rate expectations offer some support, but markets remain cautious about further euro weakness.
Crude Oil at crossroads as supply recovery meets geopolitical risk in Oct
Kaynat Chainwala of Kotak Securities reckons that the MCX Crude Oil is showing a cautious-to-bearish setup on the 4-hour chart after facing resistance near 9,280-9,300 levels.
