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HDFC Bank Q2 Profit Up 6%; New MD Bagchi to Tackle Balance Sheet, Retail Challenges
HDFC Bank reported a 5.55 per cent increase in consolidated net profit to Rs 20,700 crore for the September quarter, with incoming MD and CEO Anup Bagchi indicating a focus on strengthening the balance sheet and addressing retail vertical concerns post-merger.
We look at the prospects of ICICI Prudential Asset Management Company (AMC), Latent View Analytics, Rashtriya Chemicals and Fertilizers and IRB Infrastructure Developers
US Market Outlook: Indices knocked down
Dollar and Treasury Yields also give up their gains
Nifty 50 outlook for the week: Out of the woods
The rise last week keeps the broader sideways range intact
Should you subscribe to Zetwerks IPO?
Zetwerks scale, order inflows and manufacturing opportunity are compelling, but persistent losses, execution questions and a rich IPO valuation leave little room for error
Crude Check: Bulls gain strength
Traders can buy MCX crude futures
F&O Tracker: The tide is turning
Reversal patterns emerge in Nifty 50 whereas Nifty Bank is testing a crucial barrier
Centre caps trade margins on 137 cancer drugs, prices likely to fall by up to 70%
The NPPAs new rules target markups of up to 700% in some cases, covering widely used immunotherapies and targeted cancer treatments. Revised prices will be effective from 9 November.
Chandigarh recorded its highest-ever property registration in July, with a 30.3-kanal industrial plot selling for 200.32 crore. A Sector 9-B house fetched 100 crore. Rising residential, commercial and agricultural values have boosted stamp duty revenue, despite fewer registered documents.
Q2 Results Highlights, 17th October 2026: Stay tuned to get real-time market, business and financial news updates
HDFC Banks post-merger integration work largely behind us, says incoming MD & CEO Anup Bagchi
HDFC Bank has made significant strides in integrating its merger with HDFC Ltd after its completion in July. The bank's incoming CEO, Anup Bagchi, emphasized the importance of maintaining strong credit quality during varying economic cycles. Bagchi also acknowledged the contributions of Deputy Managing Director Kaizad Bharucha and the wider team. The bank plans to further improve its branch network and technology capabilities in the future.
Policyholders may claim from both employer-provided and individual health insurance for one hospitalisation. But if you overlook certain terms, it can lead to a rejection. Check details.
Tamil Nadu north-east monsoon: Will El Nio bring more rain?
After a weak southwest monsoon, can Tamil Nadu recover?
Noidas nine-acre Japanese Park in Sector 94 is nearing completion, with the Noida Authority targeting a December 15 opening. The project near Okhla Bird Sanctuary Metro station will feature Japanese-style gardens, a Zen garden, themed swings, waterfalls, water bodies and jogging tracks and more.
Central Bank of India Q2 profit rises 21% as loans grow 30%
Central Bank of India reported a 21% rise in September 2026 quarterly net profit to Rs 1,469 crore, supported by 26% net interest income growth and 30% loan expansion. Asset quality improved, with net NPA declining to 0.31%, while operating efficiency strengthened.
ICICI Bank reported a 20% year-on-year rise in Q2 net profit to 14,843 crore, supported by an 18% increase in net interest income. However, net interest margin narrowed to 4.18% from 4.36% in the previous quarter, with the bank expecting further pressure in Q3 due to foreign currency non-resident bank (FCNR-B) deposit mobilisation and branch expansion costs.
Axis Bank's Freecharge gets in-principle RBI nod to operate as payment aggregator
Axis Bank's digital payments platform Freecharge has received in-principle approval from the Reserve Bank of India. The approval allows Freecharge to operate under PA-O1 and PA-P1 categories starting in FY27. The bank has reported a 34% year-on-year growth in UPI transaction value for July-September. Digital transactions represented 98% of the total financial transactions during this quarter. Axis Bank continues to expand its digital payments operations, reflecting ongoing investment in technology.
Gold FoFs have restricted fresh investments, while silver funds and gold ETFs remain open. Experts explain the impact of India's import bill, why silver has been treated differently, the risks of ETF premiums, and what investors should consider before choosing either metal.
One last bittersweet pitch for HDFC Bank as CEO Sashidhar Jagdishan prepares to exit
HDFC Bank CEO Sashidhar Jagdishan, who will step down on October 26 after deciding against seeking a second reappointment, expressed confidence in the lenders resilience and growth prospects. He said the bank had overcome regulatory restrictions, the Covid-19 pandemic, a complex merger and monetary tightening, adding that governance issues had been settled.
HDFC Bank deputy MD Kaizad Bharucha to step down on December 31
Kaizad Bharucha has submitted his resignation as deputy managing director of HDFC Bank, effective December 31, 2026. This decision follows the Reserve Bank of India's approval for Anup Bagchi to become the new managing director. Bharucha has served as a whole-time director since June 2014 and would have exceeded the 15-year tenure limit by June 2029. His departure marks a significant leadership change at Indias largest private-sector lender.
Indian IT stocks post best week in 18 years, Nifty IT up 11.72%
Indian IT stocks have experienced their most significant weekly surge in 18 years, with the Nifty IT index climbing 11.72 per cent, as a global sell-off in AI-linked equities redirected investor attention towards India's IT services sector. This shift aligns with a JP Morgan report identifying India as a 'natural AI hedge' due to its large, liquid market and strong domestic institutional investor base.
Rising borrowing costs signal funding risks for global AI expansion: Jefferies report
As the financial markets grapple with emerging pressures, substantial investments in artificial intelligence infrastructure are evident. Companies like Oracle and CoreWeave are facing heightened credit risk, indicating struggles with borrowing amidst rising financing costs. Investors need to keep a close eye on credit spreads to gauge the viability of AI project funding.
Central Bank's net profit ticks up 21% in Q2 FY26
Central Bank of India reported a 21% increase in net profit amounting to Rs 1469 crore for September 2026. Net interest income grew by 26% to Rs 4146 crore, reflecting strong loan growth. Total advances rose by 30% to Rs 3.81 lakh crore, driven by retail, agriculture and MSME sectors. Despite a drop in other income, asset quality improved with net NPA decreasing to 0.31%.
ixigo Q2 profit at Rs 63 cr on robust show in hotel booking biz
Ixigo reported a remarkable turnaround with a consolidated net profit of Rs 63.42 crore for the September quarter, bouncing back from a net loss of Rs 3.46 crore from last year. The surge in hotel bookings played a key role in this financial upswing, leading to operational revenue of Rs 320.96 crore.
The 1.25 lakh annual LTCG exemption applies to Indian equity investments, but does it also apply to foreign stocks held by an Indian investor? Check details here.
Parag Parikh Flexi Cap Fund has nearly halved its cash allocation in six months, signalling a shift towards deploying money in select opportunities. With cash levels falling below 10%, the funds latest portfolio reveals where it is increasing exposure and how its returns compare with the benchmark.
IDBI- Fairfax deal: Employees service conditions fully protected, says DIPAM Secretary
ICICI Bank Q2 Results: Net profit jumps 20% YoY to Rs 14,843 crore, NII rises 18%
ICICI Bank Q2 Results: Private lender ICICI Bank reported a net profit of Rs 14,843 crore in the second quarter of financial year 2027, marking 20.1% year-on-year increase from Rs 12,359 crore posted in the same period last year.
IDBI Bank Q2 results: Net profit tanks 39% YoY to Rs 2,205 crore; NII dips 49% YoY
IDBI Bank reported a 39% year-on-year profit decline to Rs 2,205 crore in Q2 FY27, impacted by a one-off gain in the previous year. Excluding this, profit rose 14%. Asset quality improved, deposits grew 17%, advances increased 18%, and net interest margins strengthened sequentially to 4.11%.
IDBI Bank Q2 net profit falls 39% to Rs 2,205 crore on lower other income
IDBI Bank reported a 39% year-on-year decline in Q2 FY27 net profit to Rs 2,205 crore, mainly due to the absence of a one-time Rs 1,699 crore gain from the NSDL stake sale in the year-ago quarter. Excluding that gain, net profit would have risen 14%.
BharatPe has launched its Tyohar BharatPe Gold Offer for the festive season, giving eligible customers 5% extra digital gold and a chance to win prizes from a 20 lakh pool. The campaign runs from 11 October to 10 November 2026 through the BharatPe ecosystem.
Nifty reclaims 200 WMA; eyes further gains as key resistance shapes next move
Indian equity markets rebounded 2.78%, with the Nifty reclaiming its crucial 200-week moving average. However, weak momentum indicators and overhead resistance warrant caution. Banking, metal, media, pharma and IT stocks show relative strength. Investors should monitor key support levels, prioritise fundamentally strong stocks and maintain disciplined risk management strategies.
IPO-bound Sathya Agencies plans to strengthen presence in Karnataka
The Chennai-based retailer has added 54 Karnataka showrooms through Unilet and is preparing for its first major Dussehra and Diwali festive season in the state
Nifty and Nifty Bank Prediction for the week 19 Oct26 to 23 Oct26 by BL GURU
Nifty can rise to 23,300-23,500 in the short term and 24,000 eventually.
Saif Ali Khan leases Mumbai commercial property to fintech firm for 22.76 lakh monthly rent
Saif Ali Khan leased two commercial units in Mumbai for 22.76 lakh monthly rent on a five-year deal, with a security deposit set at 2.36 crore
Factor-based mutual funds use strategies such as momentum, quality and low volatility to select stocks. We compare the leading schemes by 1-year, 3-year and 5-year returns and examine which strategies top each period.
10 smallcap stocks surge up to 65% in 3 months despite market weakness
Despite a nearly 4% decline in the Nifty 50 over three months, several Nifty Smallcap 250 stocks have rallied sharply. Cupid led with 66% gains, followed by Sterlite Technologies and Welspun Corp, highlighting pockets of resilience amid market volatility.
HDFC Bank Q2 Results: Net profit rises 5% YoY to Rs 19,510 crore; NII grows 10%
HDFC Bank Q2 Results: Indias largest private lender HDFC Bank on Saturday reported a net profit of Rs 19,509 crore for the second quarter of FY27, marking a 4.6% year-on-year jump from Rs 18,641 crore posted in the same period last year.
Cryptos leverage machine finds new life beyond Bitcoin bets
Despite a decline in crypto trading activities, there is a rising interest in traditional assets among investors. Open interest in real-world asset contracts has increased to $9 billion, claiming 14% of total volume. The transition marks a significant change in the derivatives markets as crypto inroads are being utilized for traditional trading. This shift indicates a maturation of the digital asset space, making it more accessible to mainstream investors.
Cyber fraud alert: SBI warns about AI voice-cloning scams 5 ways to protect your money
SBI has warned about AI voice-cloning scams that can trick people into transferring money or sharing banking details. Learn how to verify callers, protect sensitive information and report cyber fraud through helpline 1930 or cybercrime.gov.in.
Axis Bank Q2 Results: Net profit jumps 38% YoY to Rs 7,003 crore, NII rises 12%
Axis Bank Q2 Results: Private lender Axis Bank on Saturday reported a net profit of Rs 7,003 crore for the second quarter of FY27, marking a jump of 38% from Rs 5,089 crore posted in the corresponding quarter of the previous financial year.
Fairfax to use HDFC veterans for IDBI Bank acquisition
Canadian billionaire Prem Watsa's Fairfax Financial Holdings will utilise the expertise of Deepak Parekh and Paresh Sukthankar, former HDFC leaders, as it moves to acquire a 60.72 per cent stake in IDBI Bank for 52,878 crore, with N S Kannan proposed as chairman.
Burma Burma owner Hunger Pangs files DRHP with SEBI
The proposed IPO comprises a fresh issue of equity shares worth up to 150 crore and an offer for sale (OFS) of up to 2.79 crore shares by existing shareholders
SBI Securities
Global oil demand to rise sharply in 2027, led by India, non-OECD Asia: OPEC
OPEC projects global oil demand to average 108.2 mb/d in 2027, compared with 105.8 mb/d in 2026
Oil prices may ease to $80 per barrel in 2027 as West Asia supply recovers: Goldman Sachs
The firm expects benchmark Brent crude to trade at $90 per barrel in December 2026, revising its previous forecast of $85, before averaging $80 per barrel in 2027
A step-up SIP can help investors build a larger corpus by increasing contributions over time. But does investing more mean higher returns? Find a comparison of regular SIPs, fixed 1,000 top-ups, and 10% annual top-ups data to understand their impact on wealth creation and XIRR over 5 to 25 years.
Nicholas Sleeps investing lessons: Why patience, conviction and long-term thinking matter
Nicholas Sleeps investment philosophy emphasises independent thinking, patience, and understanding business fundamentals. His successful Nomad Investment Partnership demonstrated the value of identifying high-quality businesses, assessing sustainable competitive advantages, and focusing on long-term value rather than daily price movements. He advocated disciplined research, selective diversification, emotional control, continuous learning, and adapting decisions when circumstances change.
Fairfax's IDBI buy: Biggest-ever banking M&A deal in India had no investment bankers
Fairfax Financial Holdings $5.6 billion acquisition of a controlling stake in IDBI Bank is significant not just for being the biggest foreign investment in Indias banking sector, but also because the transaction was handled without the involvement of major investment banks. Fairfax and IDBI Bank did not launch a formal process to appoint financial advisers, while KPMG advised the government on the sale and two professional agencies helped determine the governments fair valuation.
Central government employees and pensioners are awaiting the July 2026 DA and DR revision after the latest Cabinet meeting offered no update. Previous announcements provide a timeline of when the Centre declared the July instalment over the past five years.
EPFO VISHWAS 2026 explained: How employers can settle pending Section 14B penal damages
EPFO VISHWAS 2026 allows eligible employers to settle pending Section 14B penal damages at concessional rates. Understand why EPF damages are imposed, how the scheme works, and what employers should check before applying.
Global oil demand is expected to rise by 2.4 million barrels per day (mb/d) in 2027, with India and other Asian economies emerging as key drivers of consumption growth, according to the Organization of the Petroleum Exporting Countries (OPEC). In its statement to the International Monetary and Financial Committee during the IMF-World Bank Annual Meetings, OPEC projected global oil demand to average 108.2 mb/d in 2027, compared with 105.8 mb/d in 2026. The anticipated increase would be supported by healthy economic activity, particularly in non-OECD (Organisation for Economic Co-operation and Development) economies, with transportation fuels and petrochemical feedstock expected to drive demand recovery. With India and Other Asia expected to lead oil demand growth, the statement said, adding that China and the Middle East would also contribute significantly to the increase in consumption. For 2026, OPEC expects global oil demand to grow by around 0.4 mb/d, reflecting strong requirement...
Concurrent Gainers: 15 stocks gain for 5 days in a row
Over the five trading sessions ended October 16, the Sensex gained 3.11%, or 2,257 points, to close at 74,729. The benchmark index closed higher in three of the five sessions between October 12 and 16. Amid the broader market rally, around 22 BSE 500 stocks advanced in each of the five consecutive trading sessions. Of these, we identified 15 stocks that gained consistently throughout the period, delivering cumulative returns ranging from 5% to 25%. (Data Source: ACE Equity)
Jio IPOs grey market hints at 20% listing pop. What are Emkay, SBI Securities saying?
Jio Platforms
Brent crude surpassed $110 per barrel as escalating attacks around the Strait of Hormuz and renewed Russia-Ukraine hostilities heightened global supply concerns. WTI also surged, recording weekly gains above 10%. Goldman Sachs warned prices could reach $120 if shipping disruptions worsen, while easing tensions could bring crude towards $80.
EPFO explains new rules for EPF advances: Check withdrawal limits, conditions and forms
EPFO has outlined new rules for advances, including withdrawal limits and frequency. Members with at least 12 months of membership may withdraw up to 75% of their EPF balance, including employee and employer contributions with interest.
Abakkus Mutual Funds Sanjay Doshi sees opportunities across market capitalisations, despite elevated mid- and smallcap valuations. He urges investors to prioritise sustainable earnings, cash flows and returns on capital, maintain disciplined stock selection and align SIP allocations with long-term goals.
Nuvama Wealth Managements Rahul Jain says alternative investments can diversify portfolios through private markets, AIFs, private credit, REITs and InvITs. He recommends evaluating risk before returns and taxes, while considering global equities and liquidity constraints when determining portfolio allocations.
9 lakh in Post Office MIS vs 9 lakh in bank FD: Which gives a higher monthly income?
A 9 lakh investment in Post Office MIS earns 5,550 monthly at 7.4% interest, compared with an indicative 4,875 from a bank FD at 6.5%. Compare monthly income, tenure, other rules and tax implications before investing. Seek professional guidance before investing to ensure a beneficial investment.
India's Ayush Sector Looks Beyond Primary Care
Dedicated Ayush dispensaries increased from 26,130 in 2013-2014 to 37,804 in 2024-2025, while hospitals rose much more slowly, from 3,605 to 3,885.
Explained: Want to know how long your investment will take to triple? Use Rule 114
Rule 114 helps investors estimate how long mutual fund investments may take to triple based on expected annual returns. Dividing 114 by the return rate gives the approximate timeframe, supporting long-term financial planning. However, the formula provides only an estimate, as mutual fund returns fluctuate and are never guaranteed.
$60 billion in 6 weeks: RBI's rupee defence comes at a cost
Reserve drain Forex reserves fall to $726 b on Oct 9 from $785.7 b on Sept 4, with latest reporting week alone showing a depletion of $8.58 b
Finance Ministry clarifies on legislative developments concerning govt's IDBI Bank stake
The Finance Ministry clarified the legislative developments regarding IDBI Bank's government stake in 2003. An amendment to restrict the dilution of the government's ownership was proposed but ultimately rejected during parliamentary discussions. The ministry highlighted that this issue was previously examined by the Delhi High Court. This examination took place in the case of All India IDBI Officers' Association v. Union of India & Others.
AI bubble burst may trigger 2008-like banking crisis, says Gary Marcus
In a recent discussion, Gary Marcus raised critical flags about OpenAI's fiscal responsibilities as the stock market faces instability. He warned that the demise of leading AI firms could trigger extensive financial repercussions. Notably, Marcus compared the current climate to WeWork's disastrous decline, suggesting that Microsoft might pick up OpenAI at a bargain.
The Indian IT sector experienced an impressive surge, achieving its highest weekly increase in 18 years, driven by unexpectedly strong quarterly results from companies like HCLTech. The Nifty IT index jumped 11.7%, amidst falling semiconductor stock prices in Asia. Furthermore, the rupee showed notable strength, closing below the 95-mark for the first time in 38 days, reflecting the effective measures implemented by the Reserve Bank of India.
Home loan alert: SBI, PNB and 4 other banks revise lending rates how borrowers may be affected
Six major banks, including SBI and PNB, have revised their repo-linked lending rates in October 2026. Here are the updated benchmarks, effective dates and what existing and prospective home loan borrowers should know about EMIs and borrowing costs.
Gold set for a weekly drop as traders assess Fed signals
Gold prices have held steady this week, though they are set to close lower overall as market participants assess the potential for a Federal Reserve rate hike. Spot gold recorded a modest drop of 0.1%, while futures displayed slight gains amid market hesitance. Discussions among Federal Reserve officials vary regarding the strength of the economy and inflation predictions.
Global markets: Stocks slip as dollar heads for weekly loss
In a week fraught with concerns over escalating interest rates and financial complications tied to AI, global stock indices saw moderate declines. While the S
Wall Street Week Ahead: As AI rally wobbles, stock market's spotlight turns to earnings
Investor confidence in the market is wavering due to recent declines in AI-linked stocks and semiconductor firms. Upcoming quarterly results from major players, including Meta Platforms, are being closely monitored by investors. Analysts are watching whether hyperscalers can sustain profitability amid significant capital expenditures on AI infrastructure. The performance of companies such as Tesla and SpaceX will also influence market sentiment.
The 8th Central Pay Commission is consulting employees, pensioners and other stakeholders before submitting recommendations by May 2027. Groups have proposed higher minimum pay, DA merger or inflation-linked allowances, and revised fitment factors.
Jios $3.2 billion IPO tests Ambani appeal with young Indians
The RBI has set the premature redemption price of SGB 2020-21 Series VII at 14,614 per gram. Investors can earn capital gains of 189.33% on offline purchases and 192.22% on online purchases. Here's what you need to know about the redemption date and interest rules.
Central government employees and pensioners are awaiting the July 2026 DA hike after the Cabinet made no announcement on 14 October. The next meeting on 21 October could bring an update, but the expected increase remains unconfirmed for now.
India Post has announced a 60-day Productivity Linked Bonus for eligible employees for 2025-26. The order covers MTS, Group C, non-gazetted Group B staff, Gramin Dak Sevaks and eligible casual labourers. Check eligibility, salary limits and how the bonus is calculated.
8th Pay Commission: What central government employees need to know about OPS, NPS and UPS
The 8th Pay Commission is hearing employee demands on pension reforms, including the restoration of OPS. Understand the differences between OPS, NPS and UPS, the government's stance on pension changes and what central government employees can expect next.
DA news: Key salary components explained We breakdown the differences between your DA, DR and HRA
Amid discussions over revisions for central government employee and pensioners' allowances and benefits, we breakdown difference between key salary components such as Dearness Allowance (DA), Dearness Relief (DR) and House Rent Allowance (HRA).
Yes Bank to seek Supreme Court review of Rs 8,415 crore AT1 bond write-down verdict
The move would mark the next legal step for the lender after the apex court upheld the Bombay High Court judgment quashing the March 2020 write-down of the AT1 instruments issued by Yes Bank.
US stocks: US market ends down sharply; worries about AI trade and high oil prices weigh
Wall Street ended sharply lower on Friday, with CoreWeave, Broadcom and other AI-related technology stocks under renewed pressure, while a jump in oil prices spooked traders heading into the weekend.The Nasdaq extended losses from earlier in the week, hammered by concerns that debt-laden AI infrastructure companies may not turn profits in time to repay debts, particularly with borrowing costs expected to rise.Nvidia-backed CoreWeave slumped, also adding to recent losses. The data center operator's bonds sold off sharply this week, pushing yields above 15%.Broadcom fell and the PHLX chip index fell for an eighth straight day.Investors on Friday were also watching oil prices jump more than 3% due to Middle East supply worries.There is some fear in the market, said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management in Seattle. High oil prices, in particular, tend to weigh on the price/earnings multiple of stocks, and so I think you have investors looking to be cautious into the weekend rather than take more risk.Adding to concerns around AI financing, some current Anthropic investors and prospective investors are weighing a lower valuation for the company in its upcoming IPO, Reuters reported, citing people familiar with the matter.According to preliminary data, the S&P 500 lost 85.44 points, or 1.10%, to end at 7,658.62 points, while the Nasdaq Composite lost 572.99 points, or 2.15%, to 26,137.85. The Dow Jones Industrial Average fell 189.01 points, or 0.36%, to 51,990.05.Third-quarter earnings season shifts into gear next week with reports from Tesla, Meta Platforms and Procter & Gamble. Analysts on average see quarterly earnings surging more than 30%, driven by AI-related megacaps, according to LSEG data.While the S&P 500 remains up about 12% in 2025, most of that gain has come from AI-related tech stocks, and the index's median component has climbed only about 6%, year to date. About 185 S&P 500 stocks have lost ground in 2025.Hotter-than-expected consumer and producer inflation reports this week showed price pressures were extending beyond energy commodities.Federal Reserve Chair Kevin Warsh on Friday voiced optimism about US economic strength and surprise about how well global economies have been hanging in there during a lingering energy shock and tighter monetary policy to fight inflation.Markets increasingly expect the Fed to keep interest rates unchanged this month. Barclays now expects 25-basis-point hikes each in December and January.Tesla dropped after the electric-vehicle maker unveiled a redesigned Roadster, powered by rocket-style thrusters, developed in collaboration with SpaceX.Netflix appointed former Disney executive Peter Rice as chief content officer on Thursday. Its shares dipped.
HSBC has deployed more than half of its $1 billion loan commitment to Indian startups within a year of launching its innovation banking platform. The British lender has reported strong demand across consumer technology, e-commerce and enterprise software, and is open to increasing its funding allocation. HSBC Global Head of Innovation Banking David Sabow said the bank expects to add at least 500 clients in India over the next year.
Big US bank stocks head for longest weekly losing streak since 2008
Major US banks are experiencing their longest weekly losing streak since the 2008 financial crisis, driven by mixed quarterly earnings and rising inflation. The KBW Bank Index has fallen about 13% since its August peak, continuing a trend of losses. Concerns about artificial intelligence disrupting financial services contribute to the negative sentiment toward the sector. Analysts highlight challenges involving elevated interest rates potentially slowing economic growth.
Motor insurers seek third-party premium deregulation, end to knock-for-knock pacts
In responses to the regulator's consultation paper on insurance distribution reforms, some industry participants said automobile manufacturers and dealers influence commissions, discounting and repair costs, which could blunt the impact of the proposed curbs on intermediary remuneration, according to people aware of the matter.
Indian IT stocks post best weekly gain in 18 years amid global AI sell-off
This comes as AI sell-off drives investors towards the country's software firms
Insurance changes positive, give the companies time to adapt: Theodoros Kokkalas, ERGO International
Theodoros Kokkalas, chief operating officer of ERGO International said greater predictability would help insurers make long-term business plans. We make plans, and today making long-term plans is like science fiction in the dynamic environment that we live in, he said. While India's general insurance industry is struggling to bring its combined ratio below 100%, with the industry average at 110-115% and ERGO is targeting a ratio of 80-85%, Kokkalas said there was no standard timeline for a market to reach that level.
Sebi's IPO nod to Cult.fit, Eswari Global Metal, Sohan Lal Commodity
Zetwerk's IPO was subscribed 31% on Day 2, while the company raised 2,251 crore from anchor investors, including BlackRock and Goldman Sachs.
VPF allows salaried employees to invest beyond mandatory EPF contributions at the prevailing 8.25% interest rate. Understand the 2.5 lakh tax-free interest limit, tax on excess contributions and withdrawal rules before investing more for retirement.
Chip selloff deepens Wall Street losses as doubts grew over AI returns
A significant selloff in semiconductor stocks affected major US indexes amid rising concerns regarding AI investment returns. The Nasdaq 100 dropped by 1.8%, continuing its longest losing streak since 2008. Market participants are questioning if AI infrastructure investments will yield profitable returns despite strong demand for chips. Federal Reserve Chairman Kevin Warsh maintained a neutral stance on interest rates during discussions at the IMF meetings.
Abakkus Flexi Cap Fund September portfolio: 35 stocks, including Groww and NTPC, see higher holdings
Abakkus Flexi Cap Fund raised its holdings in Groww, NTPC and HDFC Bank in September, added Zydus Lifesciences and exited Cyient DLM. It also trimmed positions in Divis Laboratories and Oracle Financial Services Software.
A 30% salary hike may look attractive, but tax, commuting and childcare costs can shrink the gain. An illustrative 18 lakh salary scenario shows how a 5.4 lakh raise could leave just 1.74 lakh in extra annual money.
SEBIs CAS rollback: Brokers welcome VWAP return, but market veterans flag risks
While brokers welcome the revised settlement mechanism, concerns persist over policy uncertainty, market integrity and whether the closing auction framework was given sufficient time.
