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ITAT Surat deleted a 2.45 crore capital gains addition after a landowner showed that he received only 25 lakh in the relevant year, despite 2.86 crore appearing in Form 26AS. The tribunal considered subsequent tax returns and co-owners' cases.
We look at the prospects of Alkem Laboratories,Intellect Design Arena, Trent, SRF
US Market Outlook: Support to give a relief
The US benchmark indices can bounce back after some more fall from
Index Outlook: Early Diwali celebration
A near-term correction is possible before the broader upmove resumes
Crude Check: Bears make their move
Recovery likely to be short-lived
Bullion Cues: Supports fuel a rebound
Outlook is positive with dollar remaining a risk
Reliance Jio has launched a 10,000 prepaid plan with 36-month validity, available nationwide from November 7. It includes 2.5GB of daily high-speed data, unlimited calls and 5G, plus digital subscriptions and cloud storage.
A Diwali salary bonus can do more than fund festive shopping. From strengthening insurance cover and preparing for upcoming expenses to boosting retirement savings and investing in skills, here are five ways to put the extra money to work.
Starlink was the last of Indias three satellite internet providers to submit security compliance documents, according to a report. All three have reportedly received the necessary licences, although they are yet to complete remaining regulatory and security-related requirements.
Pune's 23.3-km Hinjewadi-Shivajinagar Metro corridor has made history with 90 women train pilots operating its services. Many in their 20s, the women underwent months of training before taking charge of the country's first all-women-operated Metro line.
Planning expensive Diwali purchases? Paying upfront could help you secure additional discounts, while no-cost EMI can spread payments. Compare processing fees, GST, cashback and credit card rewards before deciding which option saves you more.
The court clarified that an employee cannot claim pensionary benefits under Rule 49(2) merely because he has completed 10 years of qualifying service if Rule 26(1), which provides for forfeiture of past service upon resignation, applies to his case
Indian investors seeking overseas exposure through mutual funds have limited choices, with only one scheme accepting fresh SIPs. Three other international funds have suspended new investments and paused existing SIP instalments. Here's what investors should know.
State Bank of India expands US footprint with new branch in Texas
State Bank of India expanded its banking subsidiary footprint in the United States with the inauguration of a new branch of SBIC Bank in Frisco, North Dallas, Texas. The branch, inaugurated by SBI Chairman Challa Sreenivasulu Setty, represents the subsidiary's first office outside California and takes its total branch count in the country from seven to eight.
Air pollution can aggravate respiratory illnesses such as asthma and COPD. Health insurance may cover hospitalisation, but policyholders should check pre-existing disease waiting periods, ICU coverage, room rent limits, restoration benefits and OPD add-ons.
Investors can today access Indias long-term growth story at far more reasonable valuations than during the markets peak exuberance, says Shah
Coca-Cola Indias bottling arm HCCH files DRHP for IPO
Hindustan Coca-Cola Holdings Limited has submitted its Draft Red Herring Prospectus to SEBI for an IPO. This IPO will involve an Offer for Sale of nearly one billion equity shares by the promoter. Coca-Cola India aims to enhance its asset-light operating model while focusing on brand development and digitization. The company has shown impressive revenue growth in its recent financial performance.
ITAT Surat ruling: Retired employee wins leave encashment tax dispute over 8.02 lakh exemption claim
The ruling highlights the importance of following due process before the tax authorities modify an already processed income tax return
Dalal Street Week Ahead: Nifty bulls come back to life, but 25,00025,200 zone poses next test
Indian equity markets rallied significantly following the results of the US midterm elections, which were favorable for investors. The Nifty Index saw a large gain and reclaimed important moving averages, indicating improved market sentiment. Some consolidation is expected, as the Index approaches broader resistance levels between 25,000 and 25,200. Various sector indices showed differing momentum as they contrasted against the broader Nifty 500 Index.
Bengalurus 58-km Blue Line, connecting Central Silk Board to the airport, is now expected to be fully operational soon. Ballari Road traffic restrictions near Hebbal are expected to continue for 18 months as work begins on a 1.7-km elevated corridor.
SEBI's new settlement rules came into effect on November 7, 2026. The revised framework changes application fees, minimum settlement amounts and filing deadlines, while introducing fast-track options for eligible cases. Here's what applicants need to know.
Got a Diwali bonus of 10,000? Should you clear credit card dues or start a mutual fund SIP? Compare the interest savings from repaying high-cost debt with the potential returns from investing to understand which money move makes more financial sense.
DIIs' Record Buying Offsets FPI Outflow in Samvat 2082
Domestic institutional investors (DIIs) made record net purchases of 8.55 trillion in the Indian equity market during Samvat 2082, significantly offsetting the highest-ever net selling by foreign portfolio investors (FPIs) who withdrew 4.55 trillion amidst global turmoil and a shift towards AI-focused firms.
Nifty and Nifty Bank Prediction for the week 09 Nov26 to 13 Nov26 by BL GURU
Weakest Samvat in 15 years ends on a high for markets
Indian equity markets, represented by the Sensex and Nifty 50, concluded Samvat 2082 with significant weekly gains, marking their strongest performance in nearly six years, despite it being their weakest Samvat in 15 years overall. The late recovery was driven by hopes of tax changes, resilient corporate earnings, and easing geopolitical tensions.
Hindustan Coca-Cola Holdings files draft papers with Sebi for IPO
Hindustan Coca-Cola Holdings Ltd (HCCH), backed by The Coca-Cola Company and Jubilant Beverages, has filed its draft papers with the market regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO will be entirely an offer for sale (OFS) of up to 99,74,61,456 equity shares by promoter Hindustan Coca-Cola Overseas Holdings Pte Ltd, according to the draft red herring prospectus (DRHP) dated November 6. Since the issue is entirely an OFS, the company will not receive any proceeds from the IPO, with the entire proceeds going to the selling shareholder.
A daily SIP of just 50 can help build a corpus of over 20 lakh in 25 years, assuming 10% annual returns. But how much can your money grow in 5, 10 or 15 years? Here's how investment duration and compounding can influence your wealth creation.
Coca-Colas India bottling arm files draft papers for Rs 9,500 crore IPO
Hindustan Coca-Cola Holdings plans to conduct an initial public offering through an offer for sale of equity shares. The proposed IPO is expected to raise around $1 billion, aiming for a valuation of $10 billion. Coca-Cola Company and Jubilant Bhartia Group hold significant stakes in the company after a recent stake sale. The IPO proceeds will benefit the promoter selling shareholder with no funds directed to Hindustan Coca-Cola Holdings.
The Supreme Court has dismissed a curative petition seeking a pro rata pension for former Short Service Commission Officers (SSCOs). Here's what the October 2026 ruling means for Army veterans, pension eligibility and their long-standing demand for retirement benefits.
India Saves 2026 report shows that women are taking charge of household finances, Gen Z is saving for a home, while Gen X is focused on retirement. Here's a look at the habits, goals and choices across demographics
Investors are reassessing portfolio positions amid market uncertainty, with valuations, earnings prospects and upcoming US economic and policy developments shaping sentiment
The RBI has proposed tighter checks for banks classifying gold-backed agricultural loans as priority sector lending (PSL). It has also proposed changes to the treatment of bills discounted under letters of credit, which could increase banks' PSL requirements.
Amber Enterprises arm IL JIN Electronics files DRHP for 2,500 crore IPO
IL JIN Electronics (India) Ltd, an arm of Amber Enterprises India Ltd, has filed preliminary papers with the market regulator Sebi to raise Rs 2,500 crore through an initial public offering (IPO). The proposed IPO is entirely a fresh issue of equity shares, with no offer for sale (OFS) component, according to the draft red herring prospectus (DRHP) dated November 6. The company plans to use the proceeds to repay or prepay certain outstanding borrowings, including accrued interest, availed by the company and its subsidiaries, Ascent Circuits and Shogini Technoarts. The funds will also be used to purchase plant, machinery, and equipment for its manufacturing units, as well as for general corporate purposes. IL JIN Electronics is a vertically integrated, technology-driven electronics design and manufacturing company operating across four business verticals -- electronics manufacturing services (EMS), bare printed circuit board (PCB) manufacturing, power electronics and industrial ...
NSE EGR trading hits record 2.27 lakh units on Dhanteras
The record trading milestone highlights growing investor interest in exchange-traded gold and efforts to bring domestic physical and recycled supplies into the formal financial system
The Meghalaya High Court ruled that an Assam Rifles rifleman who voluntarily sought discharge after 13 years of service was not entitled to a pension. It however, directed authorities to release 5,656 to his IRLA account and 53,642 to his GPF account.
Concurrent Gainers: 9 stocks gain for 5 days in a row
Over the five trading sessions ending November 6, the Sensex surged 8.82%, or 6,568 points, to close at 81,028, marking gains in each of the five sessions. Amid this broad-based rally, around 45 stocks from the BSE 200 index advanced in all five consecutive sessions from November 2 to 6. Of these, we shortlisted 9 stocks that consistently gained throughout the period, delivering cumulative returns ranging from 15% to 20%. (Data Source: ACE Equity)
Todays Gold Rate: Gold prices up in Coimbatore, Nagpur, Visakhapatnam, Surat, Jaipur
22, 24 carat Gold prices up across other cities on November 7
India's AI Journey: Full-Scale Deployment And Benefits
Oracle India head Shailender Kumar states that Indian businesses have transitioned from AI pilot projects to full-scale deployment, realizing significant benefits. While challenges like cost, skills, and infrastructure exist, companies are keen to adopt AI once tangible advantages are proven, with governance and regulation evolving alongside the technology's maturity.
Mobile Retailers Face Their Worst Diwali In Years
As many as 15,000-20,000 frontline retail jobs have reportedly been rationalised, with further cuts feared.
India's chemical industry set for strong growth, global market expansion amid investment push
The chemical and petrochemical industry supplies essential inputs to several key sectors, including pharmaceuticals, textiles, construction, automobiles, electronics and consumer goods
Buyers have reportedly approached the Delhi High Court over NBCCs cancellation of bidding for 49 flats at its Avenue Towers project in Sarojini Nagar. They allege the cancellations were selective and question the auctions transparency.
Equities, debt or gold? Kalpen Parekh lays out the right asset allocation approach this Diwali
With Indian markets stuck in a two-year consolidation phase and gold emerging as a major portfolio performer, DSP Mutual Funds Kalpen Parekh says investors should focus on asset allocation rather than chase recent returns. He recommends slowly adding equities after the correction, maintaining debt for stability and liquidity, and treating gold as a diversifier, not a momentum trade.Edited excerpts from a chat:Diwali is the time of the year when we think of making new beginnings. But the market is stuck in a time warp for the last 2 years and SIP investors are nursing wounds. What's the best way to approach markets at this stage?Markets have delivered strong returns in the years leading up to September 2024, and valuations had moved well ahead of earnings. The last two years have largely been a period of consolidation, allowing earnings to catch up with prices. Such phases are a normal part of investing.For long-term SIP investors, this period can actually be useful. When markets remain flat or correct, investors accumulate more units at lower prices. I often say that bear markets are bull markets for unit accumulation. The benefits of this become visible over time, as markets recover and earnings grow.Equity investing requires patience through different market cycles. Investors should focus less on returns over the last two years and more on whether their asset allocation, investment horizon and ability to tolerate volatility remain aligned. A portfolio that allows you to stay invested through difficult periods is far more valuable than one built around expectations of uninterrupted returns.If a young investor has 10 lakh to invest this Diwali, how should the money be allocated across equity, fixed income, gold and other asset classes? Should the entire amount be invested at one go or staggered?Asset allocation is very personal. It depends on your goals, how long you can stay invested and how much risk you are comfortable taking. So, I don't think I can suggest one allocation that would work for everyone.For most investors who are not familiar with the basics of investing, I think the first step should be to find a good money coach, whether that is a mutual fund distributor (MFD) or a registered investment adviser (RIA). Someone who can help you understand your goals, risk appetite and build an investment plan that works for you.Additionally, if you are new to investing, I think passive funds and multi-asset funds are good ways to start. If your investment horizon is 10 years or more, you can also consider mid- and small-cap funds, provided you are prepared for the volatility that comes with them. I would also keep some money in debt. It gives you stability and the flexibility to invest more when markets correct. Gold can be a small part of the portfolio for diversification.Honestly, we dont know where markets will be six months or a year from now. What makes sense is having a sensible mix of assets that you can stay invested in, even when markets go through difficult periods.For investors sitting on cash after the recent correction, what is the right framework for deploying fresh money when it is impossible to identify the exact market bottom?I think this is a better time to slowly start adding back equities, as we have seen sharp corrections, especially in large caps. But whether you invest today, tomorrow or at any other time, you should be clear that equity investing requires a time horizon of at least 5 to 7 years, and there will be ups and downs in your NAV along the way.What should a balanced asset allocation portfolio look like across different market cycles, and how frequently should investors rebalance it?I don't think there is one ideal asset allocation for every investor or every market cycle. A person investing for three years should have a very different portfolio from someone investing for 15 years. The ability to tolerate a temporary 2030% fall in equities also matters.Equities offer the potential for higher long-term returns but can be very volatile in the short term. Debt provides stability and liquidity, while gold can offer diversification. Investors who find it difficult to manage these allocations themselves can also consider hybrid or dynamic asset allocation funds.Rebalancing should be driven by how far the portfolio has moved away from the intended allocation, rather than every market headline. Reviewing the portfolio once or twice a year is a reasonable discipline. If equities have risen sharply and become a much larger part of the portfolio, some profits can be moved to debt. Similarly, a correction may create room to increase equity exposure. The idea is to manage risk, not predict the next market movement.Gold has delivered strong returns and attracted considerable investor interest but is now a party spoiler. How should investors evaluate their existing gold exposure?I wouldn't call gold a party spoiler. Gold has done very well, and it is natural for investors to get excited when an asset class delivers strong returns. But we have to be careful about buying more of something simply because its price has gone up. We often see investors becoming more interested in an asset after it has delivered good returns, rather than when it was available at a reasonable price.I look at gold as a diversifier, not as an asset where we should keep chasing returns. Unlike equities, gold does not have underlying earnings or cash flows. Its price is influenced by global uncertainty, interest rates, currencies and investor demand. So, we should not assume that the returns of the last few years will continue.If you are underweight on gold in your portfolio, the recent 25% correction makes this one of the better times to add to your allocation. On the other hand, if gold has become a much larger part of your portfolio because of the recent rally, it may be sensible to rebalance some of it into other asset classes. I don't think investors need to exit gold or keep adding to it based on recent price movements. Every asset class has a role in a portfolio. The idea of asset allocation is to have different assets that behave differently across market cycles, rather than constantly moving money into what has done well recently.You have been vocal about the impact of human emotions on investing as there is a behavioural science aspect involved in the business. How do you see the greed and fear cycle has evolved since the market peaked out in September 2024 and at which stage are we now?Market cycles are as much about psychology as economics. September 2024 was marked by optimism and expensive valuations. Nearly two years later, exuberance has given way to caution. I would describe the current phase as one of scepticism rather than extreme fear.Gold and silver offer an interesting lesson. Silver delivered almost no meaningful returns over much of 201519 but rewarded patient investors handsomely in the years that followed. By January 2026, it had risen nearly 200% in a year. Gold had gained almost 80%. An investor entering after such a spectacular rally was taking significantly higher entry risk. And eventually losing your capitalThe practical lesson is to look at what has been ignored, not just what has performed. When an asset is out of favour, examine whether its fundamentals and long-term potential remain intact. When everyone is excited about it, examine what is already priced in. That is a more useful way to navigate the greed and fear cycle than trying to predict market tops and bottoms.The general consensus on Dalal Street appears to be that most of the problems like crude oil, rupee, AI craze, etc. are not of India's doing. But at the same time India has no direct AI play, and valuations were not in favour either when FII selling began. What can we do to bring FIIs back in big numbers?Foreign investors compare opportunities across markets. They look at growth, earnings, valuations, currencies and the returns available elsewhere. India may continue to be a good long-term growth story, but that does not mean foreign investors will buy Indian equities at any price.In 2024, Indian valuations had become expensive relative to earnings. At the same time, other markets offered opportunities at more reasonable valuations. Global investors also have access to businesses and sectors that may not be represented in the same way in Indian indices.Money will flow where it finds respect, growth, good entry prices, convenience and opportunity to stay for long (decades). India does offer most of these. We have room to reduce operational hassles for global investors, simplify onboarding rules and make tax rates competitive. Making the economy robust and resilient solves for the durability of the opportunity.A lot of investor conversation on market outlook these days is focused more on FII selling than on valuations. Are valuations turning attractive enough at the index level to attract foreigners back?Indian markets are certainly more reasonably valued today than they were in September 2024. Share prices have largely remained flat for the last two years, while earnings have continued to grow, though at different rates across sectors. So, some of the excess valuations we saw earlier have gradually corrected.But I would not say everything is cheap. We are finding better value in larger companies, particularly in banks and insurance, while some parts of the mid- and small-cap market are still expensive. We have always believed that the price we pay for a business matters as much as the quality of the business itself.Foreign investors are looking at the same opportunities. India is a good economy with long-term growth potential, but a good economy and a good investment are not always the same thing. If we buy at very high valuations, even good earnings growth may not translate into good returns. As valuations become more reasonable and earnings continue to grow, I believe India will become increasingly attractive to global investors. We are optimistic about that, though I don't know exactly when foreign flows will return.
Samvat 2083: Kotak Mutual Fund expects moderate equity returns, favours quality stocks
With global uncertainties and volatile markets posing challenges, the fund house expects domestic economic resilience to support corporate earnings growth
Jio, Airtel, Vi Asked To Strengthen Cyber Defence
CERT-In has issued several advisories warning against AI agents going rogue and cases of open-source agentic AI tools being used to survey and attack.
Largecaps over SMIDs: Ambits Nitin Bhasin and Bharat Arora share their Samvat 2083 strategy
As we step into the new Samvat, investors are advised to take a more cautious stance with their portfolios. The focus should be on large-cap stocks and the banking sector due to their better earnings prospects and attractive valuations. Meanwhile, although mid- and small-cap sectors may face hurdles, the cement industry might see unexpected margin improvements.
Adani's Mumbai Airport Plan Triggers Airline Protest
'Airport redevelopment plans should not, in themselves, result in the withdrawal, denial or reallocation of historical slots.'
Buying gold or silver Lakshmi-Ganesha idols for Diwali puja? Know whether these idols fall under mandatory BIS hallmarking rules, how to verify HUID through the BIS Care app, and what to check about purity, weight, workmanship and making charges before purchase.
IL JIN Electronics files draft papers for 2,500-crore IPO
The company plans to use the proceeds to repay or prepay certain outstanding borrowings, including accrued interest, availed by the company and its subsidiaries
RBI's new gold loan rules introduce higher loan-to-value limits for small borrowers, transparent gold valuation and stronger auction safeguards. Understand the revised repayment conditions, jewellery return deadlines and compensation rules before pledging gold.
Around 18 equity mutual funds have delivered double-digit gains since the last Diwali celebrated on October 20, 2025. There were 292 funds excluding sectoral and thematic funds. Here is a detailed breakdown (Source: ACE MF)
Are you wondering how to protect your portfolio from market volatility? Here are the strategies these 10 fund managers share, as reported by ETWealth.
Wall Street grapples with $5.7 trillion rout as AI bets unwind
Wall Street is undergoing notable shifts as worries about the AI investment frenzy and political developments arise. This sharp sell-off brings forth doubts about the viability of AI infrastructure investments, scrutinizing valuations and corporate expenditures. The Democratic majority in Congress poses regulatory challenges, amplifying economic tensions. Investors are leaning towards more conservative sectors, yearning for assurance that AI investments will deliver anticipated results amidst these turbulent times.
Nifty surged 8% to post its strongest weekly gain in five years, supported by improving technical indicators and bullish momentum. SBI Securities
Patakha stock picks! ICICI Bank, BEL, 6 other stocks with 62% to buy this Samvat 2023. See full list
In this environment, sustainable wealth creation is likely to depend less on broad-based market movements and more on identifying businesses capable of delivering consistent earnings growth.
Pay Commission: West Bengal's 7th panel will cover non-teaching staff of state-aided universities and education boards and examine their existing pay structure and service conditions. Here's all we know
Hyundai Bayon: A New SUV Positioned Between Creta And Venue
Hyundai introduces the Bayon, a new SUV positioned between the popular Creta and Venue models, targeting the growing SUV market. Priced between Rs 10-18 lakh, the Bayon offers a CNG powertrain and a naturally aspirated petrol engine, distinguishing itself from its siblings. This review covers its design, interior features, driving experience, and market appeal, highlighting its technology-conscious approach.
India should scrap capital gains tax on foreign investors: Edelweiss chief
Edelweiss Financial Services Chairman Rashesh Shah said scrapping capital gains tax for FPIs could help revive inflows into Indian equities and support the rupee amid heavy overseas selling
The Jaipur ITAT deleted a 24.06 lakh unexplained income addition after accepting a gift from the taxpayer's grandmother. Find out why land records, loan repayment evidence and an affidavit helped establish the source of funds.
Angel One identifies seven stocks across banking, finance, pharmaceuticals, jewellery, engineering and defence, highlighting their earnings growth potential and expected upside as investors approach Samvat 2083.
Gold ETF folios surged 164% in three years, outpacing large-cap mutual funds. A recent study flags investor FOMO amid the gold rally and cautions against deviating from the recommended 5-10% gold allocation in portfolios.
Dollar jumps after strong US payrolls report
The US dollar index jumped significantly following the Labor Department's report indicating an increase of 165,000 jobs last month, which far exceeded economists' forecasts. As a result, the probability of a rate hike from the Federal Reserve climbed to nearly 80% for next month. Moreover, Federal Reserve officials voiced concerns about ongoing inflation, leading to declines for other currencies such as the euro and sterling against the dollar.
Gold drops as strong US payrolls boost dollar, yields
In light of stronger-than-anticipated US payroll figures, gold prices dipped significantly as the data suggested a robust labor market. This development heightened expectations for sustained high-interest rates from the Federal Reserve, bolstering the dollar's strength. Spot gold saw a decline of 0.3% to reach $4,074.36 per ounce, while US gold futures fell by 0.9%. However, Indian retail demand picked up ahead of Diwali festivities, taking advantage of the lower prices.
Wall Street stocks rally after heavy AI-related selloff
Wall Street's trading session presented a mixed scenario as the S
China buys gold for 24th straight month, reserves rise to 78.3 million ounces
The latest increase extends Beijings sustained accumulation of the precious metal, even as the reported dollar value of its reserves declined.
Gold Price Correction Boosts Dhanteras Sales
In Mumbai, 24-carat gold was priced at Rs 1.49 lakh per 10 gm, while 22-carat gold was at Rs 137,500.
Cristiano Ronaldo has retired from international football after a record-breaking 23-year career. Discover seven personal finance lessons from CR7 on SIPs, budgeting, diversification, financial discipline, wealth creation and long-term investing.
Building consumer trust through transparency in the diamond industry
By making accurate disclosure, standardised grading and independent assessment integral to industry practices, stakeholders can strengthen accountability and build a more dependable marketplace
DA hike news: The Karnataka govt raised dearness allowance and dearness relief for state employees and pensioners by 2.5% to 18%, effective July 1, 2026. Arunachal Pradesh also approved a 3% increase, to 63%.
While popular stocks feature across hundreds of mutual fund schemes, some stocks find a place in just one scheme's portfolio. Here is the list of 13 such uncommon picks, the schemes holding them, and what these fund managers' distinct stock-selection approaches mean for investors.
Wall Street rebounds as chip stocks rally after heavy AI-related selloff
The S&P 500 and Nasdaq closed higher, led by technology and semiconductor stocks, with the Philadelphia Semiconductor Index gaining 4.2%. All three major US indexes, however, posted weekly losses
How have Indian equity mutual fund returns compared with global markets over the past 30 years? A look at SIP and lump-sum performance across 15 countries offers insights for investors exploring long-term wealth creation and international diversification.
Bank holiday today: Check if public and private sector lenders including the State Bank of India and HDFC Bank will be open for customers across India on Saturday, 7 November, ahead of Diwali on Sunday.
Ankur Warikoo highlights five money habits that can keep you poor, from improper budgeting and high-interest debt to lifestyle inflation and delayed investing. Learn how to fix them this Diwali to strengthen savings and build long-term wealth.
NSE urges investors to buy gold-backed EGRs this Dhanteras, sees $56 billion import savings
The exchange is seeking to bring domestically recycled gold and household holdings into the formal financial system through electronic receipts
India moves to set standards for hydrogen-powered trucks
Decarbonising freight transport is important because diesel trucks account for around 5% of India's vehicle fleet but contribute 34% of the transport sector's carbon emissions
US STOCKS-Nasdaq rebounds but posts fourth straight weekly decline
Technology stocks bounced back on Friday from their worst drubbing
Videocon's Venugopal Dhoot declared bankrupt over Rs 12,668-cr SBI dues
The National Company Law Tribunal (NCLT) has declared former Videocon Industries promoter Venugopal Dhoot bankrupt, admitting State Bank of India's petition for Rs 12,668 crore in dues. A Bankruptcy Trustee has been appointed to manage the process and invite claims from creditors.
Auto Sector Reports Strong Dhanteras Deliveries, Expects Diwali Boost
India's auto sector has reported robust vehicle deliveries during Dhanteras, with major automakers like Maruti Suzuki, Tata Motors, and Hyundai India experiencing significant growth across two-wheeler, passenger vehicle, and commercial vehicle segments. This strong momentum is expected to continue through Diwali, driven by positive market sentiment and high demand, even in the pre-owned car market.
Nearly 30 Indian investors reportedly lost more than 100 crore after their Stockal Securities accounts were allegedly accessed without authorization. How to file a complain.
Dhanteras special | DDA offers 445 MIG flats from 43 lakh: Check booking amount and eligibility
The prices of the MIG flats range from approximately 43 lakh to 1.1 crore. The final cost will depend on the size of the flat, its location, category and applicable charges.
Samvat 2082: Commodities witness sharp volatility as crude surges
Brent crude surged 60.4% in Samvat 2082 amid the US-Iran conflict, while gold and silver fell in dollar terms after retreating from record highs, though rupee depreciation supported domestic returns.
Best-ever Samvat for IPOs: Record 2.23 trillion raised, up 19.6%
India's primary market raised a record 2.23 trillion through 375 IPOs in Samvat 2082, with mainboard issues accounting for 2.12 trillion and SME offerings for the rest.
Weakest Samvat in 15 years ends on a high for mkts as Sensex, Nifty rally
The Sensex and Nifty ended Samvat 2082 with losses of 4% and 3.1%, respectively, despite a sharp late rally that delivered their biggest weekly gains in nearly six years.
Street basks in Diwali glow: Benchmark indices post best week in 6 years
Rupee shines across Asia; Brent sinks most in a week since Covid
A Chandigarh consumer commission directed UCO Bank to pay 15,000 to a widow after finding that its delay in revising her family pension amounted to deficiency in service. The commission said later payment of arrears did not erase the hardship and mental harassment caused.
A bench comprising Justice BV Nagarathna and Justice R Mahadevan was hearing a case arising from claims by government employees against the Punjab government over pending payments.
NBFC credit to gold jewellery, consumer durables grows over 50 pc in Sep: RBI data
In September 2026, non-banking finance companies' credit to gold jewellery and consumer durables surged significantly. Credit for gold jewellery rose by 66.1 per cent to Rs 3.74 lakh crore compared to the previous year. Consumer durables also saw a 54.4 per cent increase in credit, reaching Rs 77,896 crore. Overall, credit growth for NBFCs stood at 15.4 per cent, totaling Rs 61.69 lakh crore.
The commission found that the developer had violated the terms of the agreement by selling the same property to another buyer despite having already accepted money from the original purchasers.
Rupee strengthens to close at a six-and-a-half-month high
The Indian currency closed at 93.90 per USD, up 57 paise against the previous close of 94.47
The dispute centres on whether Ann's daughter, Christine Giurdanella-Renzi, and the family's former lawyer can be barred from invoking the missed deadline because of alleged concealment and conflicts of interest.
