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US stocks: S&P 500, Nasdaq reach record closing highs as focus pivots to earnings

The US stock market finished on a high note, buoyed by stabilizing crude prices and easing Treasury yields, offering much-needed relief to investors. The S&P 500 and Nasdaq celebrated record closing highs, indicative of a widespread market upturn. With third-quarter earnings just around the corner, excitement is building among analysts and investors, especially with notable announcements from companies like AMD and Constellation Energy.

The Economic Times 7 Oct 2026 1:40 am

10,000 SIP to 46 lakh in October 2026: Which mutual fund scheme created the most wealth for investors over 10 years?

A 10-year SIP can significantly grow wealth through the power of compounding. We look at the top-performing active diversified equity funds and hybrid funds, their long-term SIP returns and how a 10,000 monthly investment could have grown over a decade.

Livemint 7 Oct 2026 1:13 am

Kalshi launches perpetual futures tied to US 500 stock index

Kalshi has introduced a new perpetual futures contract that is linked to its US 500 index. This contract will allow traders to hold positions indefinitely, without the need to roll over. It aims to provide stock market exposure, a key step in Kalshi's expansion as a financial exchange. The CEO mentioned leveraging long or short positions on the stock index.

The Economic Times 7 Oct 2026 1:12 am

Product's form at sale, not end use, will determine tax rate: Supreme Court

The Supreme Court has ruled that the tax rate applicable to a product must be determined by its physical form at the time of sale, not its eventual use. The court dismissed revenue appeals seeking to tax Cadila Healthcare's GRD Powder and GRD Mix as non-alcoholic beverages at 10%.

The Economic Times 7 Oct 2026 12:49 am

Private credit loses edge as new funding options open up for companies

In the evolving world of private credit, the availability of high-yielding deals is dwindling, thanks to intensified competition and new regulatory measures. During the first half of 2026, a considerable volume of private credit transactions was listed below the 18% mark. With banks now venturing into acquisition financing, the capital landscape for borrowers has transformed, urging lenders to identify areas for superior returns.

The Economic Times 7 Oct 2026 12:42 am

IndusBridge raises Rs 2,000-crore fund for defence bets

IndusBridge Ventures has triumphantly raised Rs 2,000 crore, a remarkable achievement in the realm of private equity focused on defence. Co-founders Ravi Kapoor and Rahul Devjani intend to channel this funding into Indian defence firms, aiming to harness the increased global defence budgets and support India's efforts towards self-reliance. Kapoor forecasts that defence exports could soar to 50,000 crore soon, enhancing the security technology supply chain.

The Economic Times 7 Oct 2026 12:35 am

IRDAI overhaul may force insurance brokers to rethink deal valuations

The Insurance Regulatory and Development Authority of India has suggested regulatory changes that may significantly affect insurance brokerage firms. With compliance costs rising and commission limits introduced, smaller brokers might consolidate to survive. Notably, Alliance Insurance Brokers is contemplating a stake sale, while InsuranceDekho and RenewBuy eye initial public offerings.

The Economic Times 7 Oct 2026 12:21 am

SAP to acquire workforce data firm TechWolf

SAP has confirmed its plans to acquire TechWolf, a company renowned for its expertise in workforce data analysis. This strategic move is intended to bolster SAP's comprehension of customer workforce skills and needs in the evolving landscape of AI. Although TechWolf will retain its autonomy and continue to serve its current non-SAP clients, SAP aims to finalize this transaction by the fourth quarter, subject to regulatory approval.

The Economic Times 7 Oct 2026 12:11 am

Gurgaon homebuyer waits decade for flat; builder ordered to refund 1.73 crore with 12% interest

The commission's decision took into account the circumstances surrounding the purchase and the prolonged failure to hand over possession

Livemint 7 Oct 2026 12:01 am

Gold industry expects price rise to $5,013 an ounce over 12 months

Gold prices are set to soar to $5,013 per ounce in the next year, while silver is expected to jump from $61 to $97 per ounce. In addition, LBMA officials foresee platinum prices climbing to $1,914 an ounce and palladium rising to $1,415. This outlook occurs against a backdrop of rising interest rate worries and geopolitical strains that continue to shape the market landscape.

The Economic Times 6 Oct 2026 11:57 pm

US EIA lifts Brent forecast to $98 as Iran war tightens global supplies

The US Energy Information Administration has revised its oil price forecasts for the coming years due to supply issues. Global benchmark Brent crude is expected to average approximately $98 a barrel in 2026. Retail diesel prices are projected to remain high initially before gradually declining to around $4.50 in 2027. Improvements in Middle Eastern oil production are anticipated as transit routes become safer and more efficient.

The Economic Times 6 Oct 2026 11:52 pm

RBI 25-bps rate hike or status quo: What should mutual fund investors do after the policy announcement? Expert explains

The RBI may raise the repo rate by 25 bps or hold it at 5.25%. What should investors do with their equity, debt, arbitrage and gold allocations under either scenario? Experts explain how to navigate the decision and what portfolio changes to make. 

Livemint 6 Oct 2026 11:48 pm

Shatabdi Express Wheel Skid: Why has Railway Board ordered a probe into wet-track braking

The Railway Board has asked RDSO to investigate a WAP-5 locomotive wheel skid on wet rails during emergency braking by a New Delhi-Chandigarh Shatabdi, and review track fencing after cattle incursion.

Livemint 6 Oct 2026 11:46 pm

Fed plans bank-supervision overhaul to strengthen accountability, says Vice Chair Michelle Bowman

The Federal Reserve is set to realign its bank supervision system for increased accountability and efficient decision-making. Five new geographic supervisory regions will be established, each led by a regional leader. This new structure aims to address concerns raised in an independent review of Silicon Valley Banks collapse. The Fed will also reconsider asset thresholds for regulatory requirements to better align with inflation and economic growth.

The Economic Times 6 Oct 2026 11:35 pm

Cyber fraud: How customers can prevent their bank accounts from being used as mule accounts

Experts advise customers to be particularly cautious about unsolicited job offers, schemes promising easy money and requests to rent or lend a bank account

Livemint 6 Oct 2026 11:14 pm

Mid-cap and small-cap mutual funds have outperformed: Why should investors favour large-caps at this stage?

Mutual fund investors have seen mid- and small-cap funds outperform large-cap funds, but valuations tell a different story. With large caps looking relatively attractive, should investors review their equity-fund allocation now?

Livemint 6 Oct 2026 10:56 pm

AI emergence puts spotlight on CCTV companies stocks

Aditya Infotech eased to 3,981 after nearing its 52-week high, while Prizor Viztech rose 5% to 1,316

The Hindu Businessline 6 Oct 2026 10:04 pm

Services Sector Growth Touches 3-Month High in September

India's services sector experienced its strongest growth in three months in September, with the HSBC India Services PMI Business Activity Index rising to 55.2, driven by a sharp increase in new orders and strengthening domestic demand.

Rediff 6 Oct 2026 9:59 pm

India's fastest wealth creator is from Kolkata: Net worth jumps 859% to 18,800 crore: Who's he? What does he produce?

Aditya Kumar Halwasiya of Kolkata is India's fastest wealth creator, with an 859% increase, reaching 18,800 crore. He ranks 193 after rising 939 places.

Livemint 6 Oct 2026 9:54 pm

NBFC credit growth rises to 15.8% in August as gold, consumer durable loans surge

During August 2026, non-banking financial companies enjoyed a boost in credit expansion, with gold loans seeing remarkable growth alongside consumer durable loans. Housing loans remained a critical component of the retail lending portfolio. Conversely, lending to the services sector declined, highlighting slower growth in certain segments. This overall increase in several sectors points to an encouraging trend in the credit market.

The Economic Times 6 Oct 2026 9:53 pm

Democratising Tech: PM Modi's Push For Digital Inclusion

Prime Minister Narendra Modi emphasised the democratisation of technology to ensure no section of society is left behind, advocating for affordable and accessible digital services, especially for the Global South. He highlighted the potential of Digital Public Infrastructure (DPI) and called for solutions to cyber fraud, global standards for emerging tech, and mechanisms to identify AI-generated content during his interaction with GSMA board members.

Rediff 6 Oct 2026 9:43 pm

Salaried taxpayers: Key checks to make in 2026 for your next ITR expert explains changes under Income Tax Act 2025

The Income-tax Act, 2025, brings changes that salaried taxpayers will encounter in payroll records, tax forms and their next ITR. From updated section references to revised reporting requirements, heres what taxpayers should check and keep in mind.

Livemint 6 Oct 2026 9:38 pm

Delhi airport to get its own metro? 3,500 crore plan includes a driverless train that connects T1, T2, T3

Delhi airport plans a 3,500 crore driverless transit system by 2030 to connect T1, T2, T3, Aerocity and the cargo terminal.

Livemint 6 Oct 2026 9:14 pm

Stepmother wins Supreme Court property battle: How Karnataka mans bid for fathers entire fortune backfires

The Supreme Court held that the stepmother acquired an interest in her deceased husband's share under the Hindu Women's Rights to Property Act, 1937.

Livemint 6 Oct 2026 9:12 pm

Ahead of Market: 10 things that will decide stock market action on Wednesday

Indian equities extended their rebound for a second session, with Sensex rising 685 points and Nifty gaining over 220 points. Falling crude prices, strong Q2 business updates and positive global cues lifted investor sentiment, adding nearly Rs 5 lakh crore to BSE market capitalisation.

The Economic Times 6 Oct 2026 9:10 pm

US stocks: Marvell raises 2028 revenue forecast on strong AI data center demand

Marvell has increased its revenue forecast for 2028 to around $20 billion due to strong demand. The company's shares surged nearly 9% in early trading following the announcement. Previously, Marvell had projected $18 billion in revenue in August, while analysts expected slightly higher figures. This year, the stock has tripled in value, reflecting investor confidence in the company's performance.

The Economic Times 6 Oct 2026 9:08 pm

Irdai commission caps: Brokers to seek more time to submit feedback on Friday

Insurance brokers will seek an extension of the 25 October deadline for submitting their feedback and suggestions until December, at their meeting with Irdai on Friday.

Livemint 6 Oct 2026 9:03 pm

Banks, RIL power Nifty's 1% rally ahead of RBI monetary policy decision

Crude below $100, earnings optimism, and oversold recovery lift sentiment

Business Standard 6 Oct 2026 8:54 pm

Rupee loses 13 paise to close at 96.42 per US dollar

The rupee weakened 13 paise to close at 96.42 against the dollar, its weakest level in over two months, pressured by persistent foreign investor outflows and oil companies dollar demand. RBI intervention limited losses, while markets awaited the central banks policy commentary.

The Economic Times 6 Oct 2026 8:46 pm

Best large and mid-cap mutual funds October 2026: Consistent performers across YTD, 3- and 5-year returnsand their beta

Large & mid-cap mutual funds have delivered varying returns in 2026. We compare the top performers across YTD, 3-year and 5-year periods and examine whether consistent performers also carry higher beta, offering investors a closer look at returns alongside market sensitivity.

Livemint 6 Oct 2026 8:44 pm

IRDAI reforms may cause 70% revenue fall, 10 lakh job losses: Brokers

The Insurance Brokers Association of India (IBAI) has warned that the IRDAI's proposed overhaul of insurance distribution practices could lead to a 70 per cent fall in revenues for intermediaries and result in 10 lakh job losses, citing concerns over the tight feedback deadline and the global uniqueness of the proposed architecture.

Rediff 6 Oct 2026 8:40 pm

Zerodhas youngest investor is just 28 days old: How to open a free minor account online on the stock brokerage platform

Nithin Kamath revealed that Zerodha's youngest customer is just 28 days old. Check how to set up a minor account online. 

Livemint 6 Oct 2026 8:36 pm

US stocks: US software shares scale fresh 2026 highs as AI disruption worries fade

US software stocks are witnessing robust growth, fueled by optimistic earnings projections and partnerships in AI. Major players like Salesforce and Accenture have showcased impressive earnings, aiding the sector's revival. Analysts suggest that fears of AI disrupting the software landscape are exaggerated. Nonetheless, challenges persist as technology evolves, potentially affecting traditional business models.

The Economic Times 6 Oct 2026 8:05 pm

US stocks: US software shares hit 2026 highs as AI disruption fears ease

US software stocks are witnessing robust growth, fueled by optimistic earnings projections and partnerships in AI. Major players like Salesforce and Accenture have showcased impressive earnings, aiding the sector's revival. Analysts suggest that fears of AI disrupting the software landscape are exaggerated. Nonetheless, challenges persist as technology evolves, potentially affecting traditional business models.

The Economic Times 6 Oct 2026 8:05 pm

Mutual funds log 5% AUM growth in Q2 despite equity market volatility

Mutual fund houses' average quarterly assets under management rose to 87.2 trillion in Q2FY27 from 83.1 trillion in Q1, supported by strong inflows across categories

Business Standard 6 Oct 2026 7:56 pm

Trent emerges Nifty superstar with 12% gain after strong Q2 update

Trent shares jumped 12.4 per cent after Q2FY27 standalone revenue rose 22.5 per cent, beating estimates, while analysts remained largely bullish on the Tata group retailer

Business Standard 6 Oct 2026 7:44 pm

Can a married daughter be denied inheritance rights? Here's what Himachal Pradesh HC ruled

The judgment highlights the distinction between applying for a fresh government land grant and inheriting rights arising from an existing grant.

Livemint 6 Oct 2026 7:34 pm

Why US stocks are rising today: S&P 500, Nasdaq hit records as easing yields and oil fuel AI rally

On Tuesday, the S&P 500 and Nasdaq hit all-time highs, buoyed by falling Treasury yields and easing oil prices. Investors are optimistic as they look forward to the upcoming earnings season, particularly for technology stocks. While many of the Magnificent Seven saw upward trends, Apple and Alphabet experienced minor losses.

The Economic Times 6 Oct 2026 7:22 pm

Private equity inflow in office assets rises 7 pc to USD 945 million in Apr-Sep: Anarock

During the first half of FY27, private equity inflow into Indian office assets surged to USD 945 million. Investors are strategically targeting completed, leased Grade A properties for consistent returns, as highlighted by Anarock. Meanwhile, the residential sector also thrived, attracting USD 378 million, while retail real estate remained stagnant with no investments. This marks a notable trend toward long-term investments in India's dynamic real estate market.

The Economic Times 6 Oct 2026 7:19 pm

Real estate investment for NRIs: Why you shouldn't treat your property in India as passive asset

NRIs must navigate complex requirements when selling Indian real estate, including banking protocols and tax obligations. Properties require ongoing attention, management and budgeting to address potential issues. 

Livemint 6 Oct 2026 7:14 pm

Investor awareness key to long-term wealth creation, technology double-edged sword: ANMI President Kamlesh Shroff

Continuous investor awareness and early market participation remain the primary drivers for long-term wealth creation, even as the cost of transacting in India remains among the highest globally due to taxes like STT, said Kamlesh Shroff, National President, Association of NSE Members of India (ANMI). Speaking with ANI on the sidelines of the ANMI Seminar on Investor Awareness

devdiscourse 6 Oct 2026 6:59 pm

'Don't Push Me For Non-Veg...'

How India's Jumbo King Is Taking On McDonalds And Burger King Without Selling Chicken Burgers.

Rediff 6 Oct 2026 6:58 pm

Finmin asks pvt banks to increase participation in govt's financial inclusion schemes

The Finance Ministry on Tuesday asked private sector banks to step up participation in financial inclusion schemes, including PMMY and Stand Up India. Financial Services Secretary Sanjay Lohiya urged banks to support the upcoming saturation campaign, expand digital outreach, improve loan processing, strengthen insurance claim awareness and address grievances.

The Economic Times 6 Oct 2026 6:48 pm

Gold falls 26% from January peak, silver deficit persists: How should mutual fund investors respond?

Gold has corrected 26% from its January peak, raising questions for ETF investors. Strong central-bank demand, stabilising ETF flows, and geopolitical and fiscal risks continue to support gold, while silver faces a supply deficit. Heres what investors should know before adding exposure.

Livemint 6 Oct 2026 6:44 pm

Monster, PepsiCo, Campa get Delhi HC relief against FSSAI energy drink label ban

Monster Energy, PepsiCo and Reliance Consumer Products have won interim relief from the Delhi High Court against FSSAI's move to stop beverage makers from using the term energy drink on certain caffeinated products. 

Livemint 6 Oct 2026 6:38 pm

Toronto home sales post steepest decline since February on economic uncertainty

In September, home sales in the Greater Toronto Area saw a notable drop as economic worries loomed large for buyers. Sales fell 5.2% from August, the sharpest decline since February, while the home price index decreased by 0.5% month-over-month. Year-over-year, the sales dipped by 9%, with new listings also down by 14.4%. Analysts suggest that many buyers are holding off, hoping for stability in jobs and inflation rates.

The Economic Times 6 Oct 2026 6:35 pm

Jio Platforms IPO: India's Biggest Issue Without OFS, Rs 12 Lakh Cr Valuation

Jio Platforms' upcoming initial public offering (IPO) is anticipated to be India's largest to date, potentially listing among the top three stocks with a valuation of around Rs 12 lakh crore, and is expected to proceed without an offer-for-sale as current investors show no interest in diluting their holdings.

Rediff 6 Oct 2026 6:34 pm

India's data centre sector attracted USD 173 bn since 2021, capacity seen 2 GW by year-end: CBRE

India's data centre industry has garnered impressive investments amounting to USD 173 billion since 2021, showcasing a strong upward trajectory. In just the first half of 2026, this sector saw the addition of around 130 MW of new capacity, with expectations of more than 200 MW to launch in the latter half of the year.

The Economic Times 6 Oct 2026 6:29 pm

India emerges as major investment destination with young, talented workforce: Singapore biz leaders

The Singapore-India Network for Growth Forum 2026 highlighted investment opportunities in India. Haryana and Chhattisgarh chief ministers presented their states' potential for collaborations. Experts emphasized India's rapidly growing economy and talented workforce attracting Singapore investors. The forum facilitated discussions on pro-business policies and incentives in both states. Events like this promote seamless entry for Singapore companies into the Indian market.

The Economic Times 6 Oct 2026 6:26 pm

India's richest families invest crores in green energy: Want to join in? Here are your options

Wealthy Indian families are investing in green energy sectors such as solar and wind, with Gautam Adani spearheading the trend. Investment opportunities include stocks, mutual funds and solar panel installations.

Livemint 6 Oct 2026 6:16 pm

Jane Street should explain trading strategies, Sebi tells SAT in hearing

Sebi told SAT that Jane Street has received sufficient material to answer manipulation allegations and should explain its trading conduct instead of seeking more documents

Business Standard 6 Oct 2026 6:14 pm

Travel insurance: High sum insured may not cover all medical costs; check these sub-limits

Travel insurance: Insurers may place separate caps on expenses such as hospital room rent, intensive care unit (ICU) charges, surgery, doctor consultations, diagnostic tests and ambulance services.

Livemint 6 Oct 2026 6:06 pm

Max Estates sales bookings surge over 13-fold to Rs 2,100 crore in Q2

Max Estates reported a sharp rise in sales bookings to Rs 2,100 crore in the July-September quarter, up from Rs 156 crore a year ago, driven by strong housing demand. The realty firm recorded Rs 3,200 crore in pre-sales in the first half and plans major residential launches across Noida and Gurugram.

The Economic Times 6 Oct 2026 6:06 pm

India Among Top 10 Emerging Markets in AI Readiness, Private Investment Triples

India has secured a spot among the top 10 leading emerging-market performers in artificial intelligence (AI) readiness, with private investment in AI more than tripling to USD 4.1 billion in 2025, according to a new World Bank report.

Rediff 6 Oct 2026 6:01 pm

Festive hiring grows 7% to 1.27 lakh jobs, led by quick commerce: Report

Quick commerce recorded the fastest festive hiring growth at 18 per cent, while Tier-III and emerging cities led geographic growth with a 15 per cent rise

Business Standard 6 Oct 2026 5:56 pm

ET Alpha Wealth Summit 2.0: Where is smart money moving amid global market churn?

As global capital shifts amid rising bond yields, changing valuations and new investment themes, investors are asking where the next opportunities could emerge. At ET Alpha Wealth Summit 2.0, two back-to-back sessions will explore where long-term capital is moving and how family offices and institutions are putting money to work across private credit, venture debt, co-investments and alternative strategies.

The Economic Times 6 Oct 2026 5:48 pm

HFCL among 4 stocks hitting 52-week highs; rallied up to 15% in a month

HFCL, Aether Industries, Aditya Infotech and BHEL hit fresh 52-week highs, with the four stocks gaining up to 14% over the past month.

The Economic Times 6 Oct 2026 5:39 pm

Indian bonds rangebound as traders await a hawkish RBI verdict

Indian government bonds witnessed minimal changes on Tuesday as traders prepared for an expected rate hike. The benchmark 6.94% 2036 bond yield decreased slightly, reflecting a cautious market sentiment. Many economists predict the Reserve Bank of India will raise its key policy rate by 25 basis points during the meeting. Additionally, investors are concerned about potential further actions that may accompany the rate increase.

The Economic Times 6 Oct 2026 5:30 pm

Market wrap: Trent, BSE, Coal India, Tech Mahindra top gainers and losers on Nifty and Sensex on Tuesday

Franklin India Small Cap Fund crossed Rs 14,000 crore in AUM, while a Rs 10,000 monthly SIP grew to nearly Rs 1.94 crore over 20 years. The fund has outperformed its benchmark over 15 years, highlighting long-term compounding and disciplined investing.

The Economic Times 6 Oct 2026 5:28 pm

Franklin India Small Cap Fund turns Rs 10,000 SIP to nearly Rs 2 crore in 20 years, crosses Rs 14,000 crore AUM

Franklin India Small Cap Fund crossed Rs 14,000 crore in AUM, while a Rs 10,000 monthly SIP grew to nearly Rs 1.94 crore over 20 years. The fund has outperformed its benchmark over 15 years, highlighting long-term compounding and disciplined investing.

The Economic Times 6 Oct 2026 5:23 pm

Stock markets surge for second day as oil drops below $100 per barrel

The 30-share BSE Sensex jumped 685.34 points, or 0.95%, to settle at 73,067.81. The 50-share NSE Nifty climbed 220.35 points, or 0.98%, to end at 22,776.10

The Hindu 6 Oct 2026 5:00 pm

Brokers call: Techno Electric & Engineering (Buy)

InCred Equities

The Hindu Businessline 6 Oct 2026 4:58 pm

Minimum Wage hike: These 5 US states to raise pay in 2027 by up to 60%, with rates hitting $17.73 an hour

US minimum wages will rise in 5 states in 2027, with Washington leading at $17.73 an hour. Seattle's rate will hit $22.14.

Livemint 6 Oct 2026 4:57 pm

Reliance Industries shares gain 3% as JIO IPO inches closer; Jefferies increases weight in conglomerate

Reliance Industries is preparing for the IPO of Jio Platforms scheduled to launch on October 21. The valuation of Jio Platforms is reported at Rs 11 lakh crore, making it highly anticipated. The public issue is expected to attract significant attention as it opens for subscription. Jefferies has raised its weight on Reliance Industries due to attractive valuations amid improving conditions.

The Economic Times 6 Oct 2026 4:56 pm

Bitcoin vs gold: Why Cathie Wood feels cryptocurrency's 'turn is in' against the precious metal

Cathie Wood sees Bitcoin outperforming gold and predicts it could reach $1.5 million by 2030, driven by institutional adoption and AI. Bitcoin has recently outpaced gold, strengthening her bullish outlook. Her stance contrasts sharply with Warren Buffetts longstanding criticism of cryptocurrency, which he has described as highly speculative and risky.

The Economic Times 6 Oct 2026 4:50 pm

Sebi says Jane Streets appeal for more details a delaying ploy

Sebi has called Jane Streets demand for additional documents a dilatory tactic as the Wall Street trading firm challenges the regulators market manipulation allegations. The dispute centres on Jane Streets trading in Nifty Bank derivatives. The outcome could influence how global trading firms assess regulatory risks in Indias derivatives market, with the hearing set to continue Wednesday.

The Economic Times 6 Oct 2026 4:46 pm

Rupee falls 8 paise to close at 96.43 against U.S. dollar

At the interbank foreign exchange, the rupee opened at 96.29 and traded in the range of 96.29-96.45 before eventually settling at 96.43 (provisional), down 8 paise from its previous close.

The Hindu 6 Oct 2026 4:44 pm

Planning your mutual fund investments in October? Here are 10 top picks to consider

Investors need to consider their financial goals, investment horizon and risk appetite before selecting a fund.

The Economic Times 6 Oct 2026 4:39 pm

Markets surge as oil drops below $100; bank stocks rally

Indian benchmark indices Sensex and Nifty extended their rally for a second consecutive session, driven by a decline in Brent crude oil prices below USD 100 per barrel and strong buying in banking stocks and Reliance Industries.

Rediff 6 Oct 2026 4:27 pm

Insurance brokers oppose IRDAI commission caps, warn of 60-70% revenue hit

Insurance brokers in India are opposing commission cap proposals from the Insurance Regulatory and Development Authority of India. They warn that these changes could reduce their revenue significantly and threaten many jobs. The Insurance Brokers Association of India seeks more time to provide feedback and opposes hard caps without proper assessments. Proposed changes aim to lower distribution costs and improve policyholder value, according to the regulator.

The Economic Times 6 Oct 2026 4:23 pm

CAS sent Nifty soaring 300 points in a minute to breach 23,000 on expiry day

Nifty surged more than 300 points in less than a minute during Tuesdays closing auction session, briefly crossing 23,000 before paring gains. The sharp swings have renewed concerns over CAS volatility on expiry days, even as Sebi considers changes to derivatives settlement rules. Jefferies sees signs of recovery in options volumes.

The Economic Times 6 Oct 2026 4:21 pm

Rupee hits two-month low on outflows, investors await RBI outcome with hike priced in

The Indian rupee fell to its lowest point in over two months due to equity outflows. Traders are focusing on the Reserve Bank of Indias upcoming monetary policy decision. Analysts expect a 25 basis point hike, which could strengthen the rupee. Dollar sales from state-run banks have limited the currency's decline amidst persistent short positions. Future comments from policymakers will be closely monitored for indications on benchmark rates.

The Economic Times 6 Oct 2026 4:20 pm

IRDAI commission caps: Insurance brokers write to PM, FM say proposed rules may not benefit policyholders

IRDAI has proposed changes to insurance commission structures, including caps for banks, brokers and agents across products. Insurance brokers have opposed the proposals, raising concerns over their impact on distributors, jobs and the wider insurance sector.

Livemint 6 Oct 2026 4:19 pm

State Capex Utilisation Slips in Apr-Aug FY27, Key States Lag

Indian states' capital expenditure (capex) utilisation for April-August FY27 fell to 21.21 per cent, slightly below the 21.73 per cent recorded in the same period of FY26, according to a CAG analysis. Despite the dip, this figure remains the third highest in the past six years, with significant variations observed across states.

Rediff 6 Oct 2026 4:14 pm

Bitcoin holds near $86,000 as weak US jobs data lowers October Fed rate hike expectations

Bitcoin traded around $86,000 as expectations of easier US monetary policy supported crypto sentiment. Analysts said weak jobs data reduced rate-hike expectations, while mixed ETF flows, elevated bond yields and resistance near $87,000 kept gains in check and encouraged cautious positioning.

The Economic Times 6 Oct 2026 4:08 pm

Soft vs hard enquiries: Checking your own credit report? Know why it wont hurt your credit score

Checking your own credit report does not lower your credit score because it is generally a soft inquiry. Understand the difference between soft and hard enquiries, why lender checks can affect your score, and how regular credit monitoring can help detect errors and fraud.

Livemint 6 Oct 2026 3:55 pm

Swara Baby gets Sebi nod for Rs 1,000 crore IPO as hygiene products maker eyes expansion

Swara Baby Products has received approval from Sebi to proceed with its Rs 1,000 crore IPO. The IPO includes a fresh issue of equity shares and an offer for sale by promoters. Proceeds will be used for expanding a manufacturing facility and repaying borrowings among other corporate purposes. Founded in 2018, Swara Baby manufactures a range of disposable hygiene products for different consumer needs.

The Economic Times 6 Oct 2026 3:49 pm

World Bank flags oil, El Nio and global market risks to growth

The World Bank has revised its growth forecast for South Asia, projecting a robust 6.9% by 2026, driven by a surge in consumer demand. India, leading the region's economy, is expected to achieve a 7.1% growth. However, persistent high inflation and potential spikes in energy prices pose risks to this growth.

The Economic Times 6 Oct 2026 3:45 pm

AMFI Reshuffle: Cupid, Sterlite Technologies among 12 smallcap stocks that may get upgraded to midcap

Twelve smallcap stocks, including RBL Bank, Ather Energy and Gland Pharma, could move into AMFIs midcap category in H1 CY27. Nuvama expects higher classification thresholds, while SBI Funds Management and others may emerge as new midcap entrants following the semi-annual reclassification.

The Economic Times 6 Oct 2026 3:36 pm

Global Market: Eurozone energy inflation has yet to spread to broader prices, ECB's Rehn says

Eurozone energy inflation has not yet spread broadly to other goods and services, ECB policymaker Olli Rehn said. Rising bond yields may curb economic growth and limit price pressures, though resilient activity and AI investment remain concerns. Markets expect further ECB rate hikes as policymakers balance persistent inflation against tightening financial conditions.

The Economic Times 6 Oct 2026 3:35 pm

Current gold prices provide a better entry point as central bank demand supports the outlook, says Tata Mutual Fund

Gold prices have corrected sharply from their January peak, but Tata Mutual Fund believes the long-term outlook remains supported by central bank buying, fiscal risks and geopolitical uncertainty. The fund house also remains constructive on silver amid persistent supply deficits.

The Economic Times 6 Oct 2026 3:32 pm

Hindustan Aeronautics share price rises 3% on heavy volume; here's why

Reports suggest that in its bid to meet the growing requirements of indigenous helicopter platforms, HAL plans to establish a second production line for Shakti engines at its Koraput facility.

Business Standard 6 Oct 2026 3:30 pm

Supreme Court stay lifts Tata Chemicals off days low

Tata Chemicals informed BSE and NSE that the Supreme Court has restrained the Government of Gujarat and others from taking any coercive action against the company in an ongoing land-rights case

The Hindu Businessline 6 Oct 2026 3:23 pm

UPI MDR: Merchants Cannot Charge Customers

Punjab and Sind Bank MD and CEO Swarup Kumar Saha clarified that merchants cannot pass on Merchant Discount Rate (MDR) charges to customers for UPI payments, ensuring consumers only pay the displayed price. The new MDR structure, effective October 15, applies a 0.4% charge on P2M transactions above Rs 2,000, with specific flat rates for certain sectors, but small-value transactions remain free.

Rediff 6 Oct 2026 3:12 pm

One Mobikwik shares hit 20% upper circuit amid multiple block deals

So far this year, Mobikwik shares have rallied 5 per cent, while they have risen 41 per cent in six months.

Business Standard 6 Oct 2026 3:06 pm

Newly-listed Steamhouse India hits 10% upper circuit after Q1 results

Steamhouse India, established in 2014, is engaged in the generation and distribution of industrial steam through community boilers and pipeline networks.

Business Standard 6 Oct 2026 3:02 pm

Global Market: AMD to increase AI chip supply substantially in 2027 to meet rising demand

AMD plans to substantially increase chip supplies in 2027 as demand for AI processors accelerates. CEO Lisa Su is working with key suppliers in Taiwan and South Korea to expand manufacturing and secure advanced wafer and memory capacity.

The Economic Times 6 Oct 2026 3:01 pm

Tenant fails to pay rent: Can house owners exclude the unpaid amount from taxable income? Expert explains

Unpaid rent is not automatically excluded from taxable income. Know when a house owner can claim unrealised rent under the Income-tax Act, 2025, the conditions under Rule 21, and how subsequently recovered rent is taxed.

Livemint 6 Oct 2026 2:51 pm