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US stocks today: US stocks end higher as Fed holds rates, earnings in focus
US stock markets ended on a high note after the Federal Reserve opted to maintain current interest rates while gauging the economic landscape. A notable resurgence in chipmakers, fueled by strong results from SK Hynix, played a key role in this upward momentum. Analysts are now speculating a significant chance of a rate hike in December.
Fed's Kevin Warsh says US economy not running too hot from AI boom
Federal Reserve Chairman Kevin Warsh said on Wednesday that the US economy is not running too hot despite some demand pressures from the boom in AI investment, adding
India's banking sector poised for double-digit credit growth despite macroeconomic challenges
India's banking sector exhibits confidence in achieving sustained double-digit credit growth across various segments. Demand for retail and SME lending is primarily driving this credit growth, according to the FICCI-IBA Bankers' Survey. Respondents show optimism about the emerging revival in private-sector capital expenditure and improved asset quality. A significant majority anticipates that both retail loans and SME credit will continue to grow robustly.
Bandhan Bank to face a Rs 200 crore hit from insurance norm change
Facing an anticipated Rs 200 crore dip in income from proposed cuts to insurance commissions, Bandhan Bank's managing director, Partha Pratim Sengupta, warns of potential ripple effects across the banking industry. To counter these challenges, the bank is set to reshape its business model and focus on enhancing mutual fund distribution. Moreover, its limited exposure to drought-impacted regions in Karnataka and Maharashtra helps mitigate overall financial risks.
Wendys draws buyout bid as beef costs and burger rivalry weigh on business
Wendys shares jump after Nelson Peltzs Trian Fund Management offers $7.35 per share to take the burger chain private, as the company faces high beef costs, weaker consumer demand, store closures and intensifying competition in the US fast-food market.
Jio Platforms soars on debut, recasting market capitalisation leaderboard
Becomes 2nd-most valued firm after 26.7% listing-day gains
Indian residents can invest in foreign stocks through the RBIs Liberalised Remittance Scheme. Here's how much one can invest per year and whether Indians can directly apply for foreign IPOs.
Mutual fund direct plans to become default on AMC apps from November 1; what investors need to know
SEBI will make direct mutual fund plans the default option on asset management companies digital platforms from November 1. Investors choosing regular plans must be informed about their higher expense ratios, chairman Tuhin Kanta Pandey said.
US Federal Reserve holds interest rates steady as stubborn inflation puts future rate hikes in focus
The US Federal Reserve has decided to keep its benchmark interest rate unchanged to evaluate inflation trends. Policymakers are assessing how high inflation might affect future monetary policy amid the upcoming midterm elections. Rising energy prices and tariffs contribute significantly to the ongoing inflation pressures faced by the economy. Traders are closely monitoring the upcoming Personal Consumption Expenditures inflation report for indications of future rate hikes.
Composer and singer Salim Merchant has purchased commercial premises in Mumbai's Santacruz with four other buyers for 12.85 crore, according to CRE Matrix. The deal, registered on October 7, includes 1,285 sq ft of carpet area and a parking space, with Merchant holding a reported 50% stake.
World Bank sees commodity prices surging 23% in 2026 on Middle East war
Commodity prices were projected to rise 23% in 2026 as the Middle East war disrupted energy supplies and shipping, while grain disruptions and safe haven demand pushed food and metals prices higher. The World Bank warned that further conflict escalation and a severe El Nio could intensify inflation and food security risks.
IT Panel To Review Digital Landscape
The Standing Committee on Information Technology will review 17 critical subjects, including social media regulation, AI safety, deepfakes, cybersecurity, and the semiconductor ecosystem, during 2026-27. This comprehensive review aims to address growing concerns around digital platforms, AI misuse, and infrastructure development, with India's cybersecurity agency already issuing warnings about AI-driven threats.
PM-Kisan 24th instalment on October 30: PM Modi to release 18,680 crore for farmers check details
Prime Minister Narendra Modi is scheduled to release the 24th PM-Kisan instalment in Gujarat on October 30, distributing more than 18,680 crore to over 9.34 crore farmer families. Check who's eligible and other details.
Satin Creditcare Q2 profit surges over three-fold as asset quality improves
Satin Creditcare Network reported a more than three-fold rise in consolidated net profit to Rs 176 crore in the second quarter, helped by lower microfinance provisions, portfolio growth and improved asset quality. Its gross NPA ratio improved to 1.9% from 3.5% a year earlier, signalling a recovery from earlier stress.
Hero MotoCorp Q2 profit jumps 41% as scooter and EV sales surge
Hero MotoCorps Q2 FY27 consolidated profit rose 41% to Rs 1,860.55 crore, while revenue increased 23% to Rs 14,970.50 crore. Scooter sales surged 47%, VIDA retail sales grew 76%, and international expansion strengthened growth prospects.
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian markets closed lower on Wednesday as rising crude oil prices and Middle East tensions hurt sentiment. Sensex fell 353 points to 73,246, while Nifty slipped 51 points to 22,699 despite a late recovery.
The Pune ITAT accepted 2.75 lakh of a bank employees 3 lakh cash deposits as wedding gifts and savings but sustained a 25,000 addition due to missing gift confirmations. The ruling highlights why taxpayers should maintain records of cash gifts and their sources.
British homebuilder shares slump on lack of clarity over first-time buyer plan in budget
Shares of British homebuilders plummeted following finance minister John Healey's budget speech about housing initiatives. The delays surrounding the launch and funding of the awaited 'Your First Home' scheme have analysts worried that it wont receive long-term financial support. Prominent companies like Barratt Redrow, Taylor Wimpey, and Persimmon experienced sharp declines, which could further hinder the timeline for new site developments that builders are eager to pursue.
Weak returns at home fuel India's overseas retail investing boom
Indian retail investors are increasingly venturing into global markets, significantly boosting their overseas investments. In response, domestic asset managers are introducing new funds to meet the rising demand for international exposure. With the Reserve Bank of India's limits on overseas investments nearing their cap, many investors are exploring tax-friendly locations like GIFT City.
Altman: AI Security More Crucial Than Productivity
OpenAI CEO Sam Altman has stressed the critical importance of understanding and mitigating AI-related security threats, even over productivity gains. He highlighted how AI systems are uncovering numerous software vulnerabilities, necessitating new methods for detection and repair. Altman's remarks follow recent incidents where AI agents exposed serious flaws in widely used programming languages and even breached isolated test environments.
Hero MotoCorp Q2 Results: Profit surges 41% YoY to Rs 1,861 crore, revenue jumps 23%
Hero MotoCorps Q2 FY27 consolidated profit rose 41% to Rs 1,861 crore, while revenue increased 23% to Rs 14,971 crore. Scooter sales, 100cc motorcycles and VIDA electric scooters boosted growth, alongside international expansion and investments.
Missing a loan EMI by one day can attract late-payment charges, but an immediate credit score drop is not inevitable. Know what RBI rules say about overdue EMIs, credit bureau reporting, penalties and how to protect your credit profile.
Diwali Bonanza for Central Govt Staff, Pensioners; DA Hiked 3%
The Union Cabinet has approved a 3 per cent increase in Dearness Allowance (DA) and Dearness Relief (DR) for over 1.17 crore central government employees and pensioners, effective from July 1, 2026, ahead of Diwali.
SAT sets aside 1.49 crore MCX penalty on Ventura over invalid order
The tribunal has ordered MCX to refund Rs 1.76 crore to Ventura Securities after finding that a former committee member had signed the penalty order over a position-limit breach
Acutaas Chemicals among 5 stocks hitting 52-week highs; rallied up to 18% in a month
Despite the Sensex falling 352 points to 73,246, five BSE 500 stocks touched fresh 52-week highs on Wednesday. PVR Inox, Acutaas Chemicals, Indian Hotels, Piramal Pharma and Sona BLW posted monthly gains of 9% to 18%.
Vedanta Aluminium Q2 Results: Profit doubles to Rs 6,187 crore, revenue jumps 41%
Vedanta Aluminiums Q2 FY27 net profit surged 105% to Rs 6,187 crore, driven by record production, higher sales and improved realisations. Revenue rose 41%, EBITDA increased 83%, and net debt declined Rs 3,090 crore sequentially.
US stocks today: S&P 500, Nasdaq open higher as SK Hynix lifts chips; Fed meet in focus
On Wednesday, the S&P 500 and Nasdaq opened higher after positive results from memory-chip firms like SK Hynix. Investors are now focused on upcoming key corporate earnings, seen as a test for AI trade. Meanwhile, the Dow Jones Industrial Average experienced a slight decline of 42.1 points at the open. The S&P 500 gained 13.0 points, bolstered by positive market sentiment.
Sanjeev Bikhchandani to return as Info Edge CEO, Hitesh Oberoi steps down
Info Edge (India) Ltd, the parent company of Naukri.com, is undergoing a significant leadership change as founder Sanjeev Bikhchandani prepares to return as managing director and group chief executive officer. This transition follows Hitesh Oberoi's decision to step down from his executive roles after nearly 27 years with the company, though he will remain on the board as a non-executive, non-independent director.
Brokers Call: Fujiyama Power Sys (Buy)
Motilal Oswal Research
Jio Platforms IPO surge ends Tata's reign as India's most valuable group
Jio Platforms' shares surged as much as 23% on debut, pushing Reliance Group's market value past 30 trillion and overtaking Tata Group as India's most valuable conglomerate.
Jio Platforms becomes 2nd most valuable Indian firm by market cap after terrific debut
Jio Platforms Ltd, the digital services arm of Reliance Industries, has become the second most valuable Indian company by market capitalisation following a highly successful debut on the Dalal Street, with its shares closing 26.66 per cent higher than the issue price.
Sebi signs MoU with Bank of England to strengthen oversight of clearing corporations
SEBI and the Bank of England signed an MoU to strengthen regulatory cooperation and information sharing on clearing corporations. The framework supports cross-border supervision, enables reliance on SEBIs oversight, and reinforces financial stability.
India not yet a consensus buy amid oil, tech disruptions: Global brokerages
India is yet to emerge as a consensus buy for foreign investors, with relative growth prospects, elevated oil prices and uncertain IT earnings weighing on inflows.
Knowledge, courage, patience: Vijay Kedia's mantra for stock market success
You can borrow knowledge from others, develop courage, but patience is something that comes from within, said Vijay Kedia.
India bonds end flat as oil woes come up against short covering
Indian government bonds faced volatility as oil price hikes raised inflation concerns and affected market sentiment. The 6.94% 2036 bond yield fluctuated but ended slightly unchanged as traders reacted to market conditions. Elevated crude prices have increased worries about inflation, a wider fiscal deficit, and slower economic growth for India. The rupee weakened further against the dollar, prompting fears of aggressive policy tightening by the Reserve Bank of India.
Bandhan Bank Q2 profit jumps 5.6 times as asset quality improves
Bandhan Bank reported a five-fold rise in Q2 profit to Rs 622 crore, supported by lower provisions and improving asset quality. Net interest income grew 14%, margins strengthened, gross advances increased 13%, and deposits rose 9% year-on-year.
Meesho Q2 Results: Loss narrows to Rs 132 crore YoY, revenue rises 34%
Meeshos Q2 FY27 net loss narrowed 67.8% to Rs 132.45 crore, while revenue surged 34.4% to Rs 4,131.58 crore. Rising user engagement, stronger merchandise value, improved contribution margins and festive-season demand supported growth amid elevated spending.
Selling property in India by an NRI to another NRI vs. an Indian resident: Tax implications and TDS
The capital gains tax implications for residential property would remain the same whether you sell it to a resident Indian or to an NRI.
Hyundai Motor India Q2 profit falls 24% despite record sales
Hyundai Motor Indias Q2 FY27 net profit fell 24% to Rs 1,196.2 crore as commodity costs pressured margins. Revenue rose 19% to Rs 20,696.1 crore, supported by record sales, stronger exports and upcoming vehicle launches.
Israeli stocks fall, shekel weakens as Netanyahu bloc beats election forecasts
Israel's election results indicate Prime Minister Netanyahu's right-wing bloc is projected to win 54 seats. While the opposition bloc led by Gadi Eisenkot is expected to secure 47 seats, neither group achieved a parliamentary majority. The shekel weakened significantly, and the Tel Aviv stock index fell following the surprising election results. Analysts predict a challenging path ahead for forming a stable government in Israel.
Anant Raj Q2 Results: Profit rises 13% to Rs 156 crore
Anant Raj Ltd has demonstrated robust financial performance, with a 13 percent rise in consolidated net profits for the September quarter. The company's total income surged to Rs 678.95 crore, up from Rs 640.89 crore the previous year. For the first half of the year, net profit climbed to Rs 305.68 crore, compared to Rs 264.08 crore, signaling its strong standing in the Indian real estate sector.
Only just over one-third of surveyed Indian family enterprises have a clear, documented succession plan, according to a report. Details of their wealth preservation plans here.
Vedanta Aluminium quarterly profit more than doubles on high prices, record production
Vedanta Aluminium reported a significant increase in its quarterly profit, which more than doubled from the previous year. The company's consolidated net profit rose to 51.67 billion rupees for the quarter ending September 30. Revenue from operations also increased by 40% during the same period, driven by elevated aluminium prices. Aluminium production hit a record of 649,000 metric tons, up 5% from last year.
Cholamandalam Investment and Finance Company has reported an impressive 41 percent surge in net profit for the second quarter, marking Rs 1,630 crore, up from Rs 1,155 crore the previous year. Their total income significantly increased to Rs 9,367 crore, primarily fueled by rising interest income. Additionally, the company's gross non-performing assets improved to 3.29 percent, signaling enhanced asset quality.
Mukesh Ambani gets emotional at Jio listing event as Isha, Akash and Anant emphasise family unity
Mukesh Ambani fought back tears as his three children Isha, Akash and Anant took the stage and talked about the Ambani familys journey as Indias richest family
India's Growth Momentum Strong Despite Shocks: RBI Deputy Governor
RBI Deputy Governor Poonam Gupta stated that India's economic growth momentum remains strong despite various global and domestic shocks, attributing this resilience to a diversified growth base and improved policy responses. She highlighted the economy's 7.8 per cent growth in Q1 and continued momentum into Q2, suggesting potential upgrades to growth forecasts.
Jio Platforms has marked a significant milestone by successfully launching its market debut following Indias largest initial public offering, valued at Rs 30,213-crore. While historical trends indicate that stocks often experience negative returns post-major IPOs, initial reports present an optimistic outlook for Jio, with projections suggesting potential for growth as the company aims to expand its technological footprint through cutting-edge innovations across diverse sectors.
The changes, driven by operational requirements, will take effect on various dates starting late October 2026 through early January 2027, according to a notice issued by the railway zone.
Sensex, Nifty decline on Reliance, IT drag; crude oil prices rise
Indian benchmark indices Sensex and Nifty closed lower, primarily due to declines in Reliance Industries and IT sector stocks, coupled with rising crude oil prices and investor caution ahead of the US Federal Reserve's policy decision.
Stock tips, mis-selling: Sanjay Kathuria flags key investment traps
Sanjay Kathuria said that investors should examine the costs and conditions of financial products before committing their money. The mindset should be to ask questions.
Gold prices in India rose on October 28, 2026, with 24K gold at 1,42,300 per 10 grams and 22K gold at 1,30,347, according to IBJA. Check the latest gold rates and what buyers should know before purchasing jewellery.
The central government has raised dearness allowance and dearness relief by 3 percentage points for employees and pensioners. Here's how the hike will reflect.
Rupee falls 21 paise to close at 95.28 against US dollar
The rupee opened at 95.01 against the dollar, then lost ground to touch an intra-day low of 95.29 and finally settled for the day at 95.28 (provisional), registering a decline of 21 paise over its previous close
Equity mutual funds can deliver strong 3- and 5-year returns yet struggle over one year. Does this signal a temporary market setback or deeper portfolio issues? Experts explain the warning signs investors should watch for before investing or exiting their current holdings.
MFs raise stake for 3 straight quarters in 5 mid-cap stocks; shares gain up to 75% YTD
Mutual funds steadily increased their holdings in 39 BSE midcap stocks for three consecutive quarters through September 2026. While five stocks gained 1575% in CY26, several others declined sharply despite continued institutional buying.
Info Edge reported a sharp year-on-year decline in Q2 net profit due to a large exceptional gain in the previous year, while revenue and operating profit grew. Recruitment, 99acres and matchmaking businesses recorded healthy growth, alongside AI-led expansion.
Value investing still works, but stock selection is key: Fund managers
Business Standard BFSI Summit: Mutual fund leaders say investors must look beyond market narratives and assess businesses on their fundamentals and valuations
SEBI reviews FPI compliance norms, plans consultation paper on global alignment
The regulator is examining existing requirements as India seeks to attract more foreign capital and expand financing opportunities through deeper capital markets
Global Market: Nomura Holdings Q2 profit rises 13% on wealth management growth
Nomura Holdings reported a 13% YoY rise in second-quarter net profit to 103.7 billion yen, supported by strong wholesale earnings and steady wealth management growth. Its wholesale income jumped 47% amid robust trading and investment banking activity.
The Future of UPI in India: MDR, Credit on UPI | Mindgate | The Economic Times | Bangalore
Elevated oil prices keep up heat on rupee, traders await cues from Fed
The Indian rupee closed lower against the dollar as oil prices surged due to supply concerns. Brent oil rose to $115.3 per barrel following recent events in Saudi Arabia. Iranian mediators proposed a new draft to resolve ongoing conflicts, with expectations for Tehran's response by week's end. Traders remain increasingly bearish on the rupee amid uncertainty in oil markets and economic implications.
SEBI explores India-built AI model for securities market supervision
Chairman Tuhin Kanta Pandey said AI could strengthen market oversight as the regulator reviews rules governing overseas investor participation
Brent holds atop $110 as geopolitical risk overrides easing physical stress
The key shift in October is that the oil price rally has changed character from reflecting genuine physical tightness to what could happen next, explains Kaynat Chainwala of Kotak Neo.
Global shares are mixed after US stock rally, and oil prices gain more than 1%
Oil prices rose more than 1% after an attack on a major Saudi Arabia refinery by Iran-backed Houthi rebels on Tuesday renewed supply concerns
Beyond payments: Here is how Adyen is helping Prism globally through its unified payments platform
As Indian enterprises branch out to international markets, a fragmented payments ecosystem, non-compatible with the local payment rails, can be a major roadblock. PRISMs journey to global markets, and its partnership with Adyen, highlights how a unified payments platform can mitigate the pain points and help businesses integrate local payment experiences with global scale seamlessly. Read on!
The Union Cabinet has approved a 3-percentage-point hike in Dearness Allowance (DA) for central government employees and Dearness Relief (DR) for pensioners.
Deven Choksey's IPO playbook: Spot valuations, read DRHPs, assess risks
At the Smart Arena segment of the Business Standard BFSI Insight Summit 2026, Deven Choksey advised retail investors to check an IPO's size, business model, financials & risk factors before investing
US Market: Rising Treasury yields put US banks under pressure over bond losses
Rising US Treasury yields are deepening unrealised losses in American banks bond portfolios, forcing lenders to weigh immediate losses from selling securities against the capital and liquidity pressures of holding them.
Mukesh Ambani fights back tears as his children take the wheel
Mukesh Ambani fought back tears as his three children, Akash, Isha, and Anant Ambani, took the stage at the stock market listing of Jio Platforms Ltd, marking an emotional moment that signals the next generation's readiness to lead one of India's largest corporate empires.
Attractive interest rates, fee waivers: What to watch for in festive loan offers
The real benefit depends on the borrower's credit profile, the lender's eligibility criteria and the hidden charges.
Dalal Street heads into Samvat 2083 after a turbulent year that saw the Sensex plunge over 10,750 points and the Nifty shed nearly 12% since last Diwali. The Iran-US conflict, elevated crude oil prices, persistent FII outflows and AI-led IT selloff weighed on sentiment. Can easing headwinds revive the market?
The RBI has reportedly proposed a 50 lakh sub-limit for certain overseas remittances under the Liberalised Remittance Scheme (LRS). Heres what the LRS means for your travel plans, overseas spending and investments, and which expenses may be exempt.
Sona Comstar zooms 101% from January low; hits new high in weak market
Sona BLW Precision share price: The stock price of the auto ancillary company quoted higher for the third straight day, surging 17 per cent during the period.
HUL Q2: Profit steady, sales up 14.8% driven by 7% volume growth
FMCG giant Hindustan Unilever Ltd (HUL) reported a steady consolidated net profit of Rs 2,796 crore in the September quarter of FY27, despite a higher base from a one-off tax gain in the previous year. The company's revenue from product sales surged by 14.77 per cent to Rs 18,037 crore, driven by a strong underlying volume growth of 7 per cent.
Hyundai Motors India has reported a standalone net profit of Rs 1,189 crore for Q2 FY27, reflecting a notable decrease of 24% compared to Rs 1,570 crore during the same period last year. However, their operational revenue has grown to Rs 20,191 crore, representing an 18% increase from Rs 17,061 crore in the corresponding quarter of the previous fiscal year. This performance illustrates the company's resilience amidst shifting market conditions.
Google India VP On AI's Role In Nation's Growth
Preeti Lobana, Google India VP, stated on Wednesday that Google views AI as an economic equaliser and a democratic technology. Speaking at Google Cloud Day, she highlighted AI's potential to empower businesses, especially SMEs, in India's journey towards Viksit Bharat 2047. Google has committed USD 15 billion to scale India's digital and AI infrastructure, including an AI hub in Visakhapatnam, to support the IndiaAI Mission.
The CPSE has revised IDA rates effective October 1, 2026, with rates varying across different pay scales. The latest order specifies revised percentages for three pay structures and a separate payable amount under the 1987 pay scale. Check the new rates and what the memorandum states.
Banks worry more about geopolitics than borrowing costs, survey shows
Geopolitical risks and supply-chain disruptions are major barriers to private sector capital expenditure growth. A survey indicates that banks anticipate over 9% growth in industrial credit in the coming months. Public sector banks exhibit greater concern over these risks compared to private and foreign banks. Key sectors expected to experience credit demand include infrastructure and auto components.
Vedanta Q2 Results: Profit zooms 78% YoY to Rs 6,202 crore; revenue surges 57%
Vedanta Q2 Results: Vedanta Ltd reported a 78% year-on-year rise in consolidated net profit to Rs 6,202 crore in the September quarter, while revenue increased 57% to Rs 26,356 crore. EBITDA more than doubled to Rs 9,938 crore, with margins improving to 60%. Higher commodity prices and increased production supported earnings, while net debt fell by Rs 4,624 crore to Rs 3,675 crore during the quarter.
Ambani blue-chip bet gets bigger: Investors mark 82% of traded Jio shares for holding beyond listing
Jio Platforms saw nearly 82% of its traded volume marked for delivery on debut, with 10.66 crore shares carried into settlement out of 13.02 crore shares traded. The stock listed at a 21.36% premium to its IPO price, while Nomura, Motilal Oswal and Elara Securities initiated coverage with Buy ratings.
Silver futures decline to 1.95 lakh/kg
Silver contracts for December delivery on the MCX fell 0.72% to 1,95,301/kg in a turnover of 1,089 lots (down 1,416)
The CBIC issues circulars to standardise GST registration, tax demand proceedings and export payment rules, following decisions by the GST Council. Here's what the measures include and what changes for taxpayers
Todays Gold Rate, October 2: Check gold rates in Delhi, Mumbai, Chennai
22, 24 carat Gold prices up across metro cities on October 2
Todays Gold Rate: Gold prices up in Delhi, Mumbai, Kolkata, Chennai, Bengaluru
22, 24 carat Gold prices up across metro cities on October 28
Todays Gold Rate, Octobet 17: Check gold rates in Delhi, Mumbai, Chennai
22, 24 carat Gold prices up across metro cities on October 17
Morgan Stanley turns bullish on Paytm, raises target 35% to 1,950 on earnings upside
The revised target implies an upside of about 22% from Paytm's closing price of 1,601.60 on October 27
Adani Enterprises Q2 Results: Revenue spikes 75% YoY to Rs 37,216 crore, profit at Rs 1,492 crore
Adani Enterprises has reported a 55% drop in consolidated net profit for the second quarter of FY27, with figures reaching Rs 1,492 crore compared to Rs 3,304 crore from the previous year. Conversely, operational revenue surged by 75%, hitting Rs 37,216 crore. This stark contrast is notable due to the previous year's inflated profits, driven by exceptional gains totaling Rs 3,583 crore, highlighting a dramatic shift in financial performance.
Akash Ambani: Jio to democratise new tech, space connectivity in 10 yrs
Jio Platforms' Managing Director Akash Ambani has outlined an ambitious vision for the company's future, vowing to take it to new heights of growth and excellence while democratising technology across India, including space-based connectivity, following its blockbuster initial public offering.
