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BlackRock, SBI MF lead Tonbo Imagings Rs 255 crore anchor round ahead of IPO
Tonbo Imaging raised Rs 255 crore from anchor investors ahead of its Rs 852 crore IPO, allotting shares at the upper price-band limit of Rs 700. The entirely offer-for-sale issue will open on October 15 and close on October 19.
Around 20 financial institutions were affected by cyberattacks earlier this month, with hackers allegedly exploiting stolen partner-bank credentials and vulnerabilities in payment APIs to siphon off funds. Following the attacks, CERT-In issued an advisory urging banks, NBFCs and fintech firms to suspend compromised interfaces, strengthen transaction safeguards and tighten customer verification.
Insurers may face higher crop cover claims in Andhra Pradesh, Maharashtra, Karnataka
In Maharashtra, insurers' liability could be capped at Rs 1,540 crore before the state government takes over claims beyond that level. The state has declared drought-like conditions in 265 talukas, raising concerns over this year's losses.
Fairfax's IDBI deal premium justified by strategic fit, scale: Analysts
Analysts believe this acquisition holds considerable potential, greatly enhancing Fairfax's branch network and deposit portfolio in India, paving the way for a diversified financial ecosystem.
Fairfax offers plan to resolve IDBI-CSB ownership overlapping
A merger of the two lenders is emerging as the most likely option, potentially allowing the Canadian investor to consolidate its banking interests under a single licence, sources said.
US stocks: AI shares tumble, erasing $80 billion as hot US inflation fuels rate fears
Amid rising inflation, major AI firms like CoreWeave and Dell Technologies experienced significant stock price drops, losing around $80 billion in market value. Increased US interest rates have investors worried about the borrowing hurdles faced by less profitable firms within the sector. Even with the strong performance of giants like Nvidia and Microsoft, skepticism remains high, reminiscent of the dot-com era's cautionary tales.
Sent money to the wrong UPI ID? Heres how to raise a complaint and recover it
Report the transaction through your UPI app and bank immediately to improve your chances of recovering the money
Indian residents earning dividends from US stocks generally receive payouts after US withholding tax. The full dividend is again taxable in India. Here's how to claim relief.
Nifty's 200-day moving average sounds alarm as market breadth thins
Only 10 Nifty 50 stocks traded above their 200-day moving averages on Wednesday, down from 38 in January, signalling weakening market breadth despite movements in the benchmark index.
Groww's net profit up 54%, equity derivatives' share in revenue dips
Groww's Q2FY27 net profit rose 54% to 725.65 crore, while revenue grew 47% to 1,501.53 crore. Equity derivatives' share in revenue declined to 44.8% from 56.9% a year ago.
Zetwerk Manufacturing Businesses raised Rs 2,251 crore from 99 anchor investors, including BlackRock, Goldman Sachs and Nomura, ahead of its IPO opening on October 15. The Rs 5,012 crore issue, priced at Rs 143151 per share, comprises a fresh issue and an offer for sale. Subscription closes on October 19.
US Feds Bowman sees no urgency for another rate hike
Michelle Bowman, the Vice Chair for Supervision of the US Federal Reserve, spoke during the IMF-World Bank meetings in Bangkok. She stated that the central bank does not feel urgency for further rate hikes at this time. Bowman's comments came after a recent rate increase that set the target range to 3.75%-4.00%. Additionally, she addressed the need for stronger oversight in light of recent bank failures.
IDBI officers forum opposes majority stake sale to Fairfax, demands review
IDBI employees have demanded the deal process be suspended immediately.
Jio IPO sparks investor buzz: GMP hits 20% as Reliances telecom arm announces price band, dates
Jio Platforms IPO grey market premium climbed to Rs 220 after the company filed its red herring prospectus (RHP) on Wednesday. The GMP implies a nearly 20% premium over the upper price band of Rs 1,119. The Rs 30,213 crore IPO, opening on October 21 and closing on October 23, is set to surpass Hyundai Motor Indias 2024 offering to become Indias largest-ever public issue.
Zetwerk raises 2,251 crore from anchor investors ahead of 5,012-cr IPO
The company allotted 14.91 crore equity shares to 99 funds at 151 apiece, the upper end of the price band, according to a circular uploaded on the BSE website
Jio IPO: 5 strengths that put the Reliance-backed digital giant in spotlight
Reliance Jio Platforms has highlighted five key strengths in its RHP ahead of its Rs 30,213 crore IPO, including strong revenue growth, profitability, a vast customer base, extensive network infrastructure and proprietary technology. The company also sees growth opportunities in fixed broadband, AI-led services, digital subscriptions and overseas technology monetisation.
IT's 25K crore market value gain mirrors pharma's loss as Nifty falls
IT and FMCG stocks' rally failed to push up a broader market that fell 0.44 per cent on Wednesday, dragged by pharma stocks even as it gained the previous session.
Asked to be an executor? Know your duties before you agree
Being an executor involves managing a deceased persons estate, settling liabilities and distributing assets. Heres what the role entails and when you can renounce it.
Cabinet approves 52,878-crore sale of 60.72% stake in IDBI Bank to Fairfax
The deal would be the largest foreign direct investment in Indias financial sector to date, Finance minister Nirmala Sitharaman said after the Cabinet Committee on Economic Affairs meeting on Wednesday.
Sebi confirms interim curbs on Rajesh Exports, says financial disclosure concerns remain unresolved
Sebi has confirmed interim restrictions on Rajesh Exports and promoter Rajesh Mehta, citing unresolved concerns over financial disclosures, possible misrepresentation and the routing of company funds through personal accounts. The regulator said gaps in consolidated revenue disclosures and missing supporting records remain, while directing the company to maintain accurate financial and related-party disclosures.
Paramotor Digital Technology has filed updated draft IPO papers with Sebi for a Rs 1,000 crore issue, comprising a fresh issue of Rs 698 crore and an offer for sale of Rs 302 crore. The fintech company plans to use the proceeds primarily for customer acquisition, technology development and business expansion.
HDB Financial Q2 profit climbs 34%, NIM improves year on year, eyes stronger disbursements in H2
HDB Financial Services reported a 34% year-on-year increase in Q2FY27 net profit to Rs 780 crore, supported by higher net interest income, loan growth and lower credit costs. The lender expects festive demand and stronger disbursements to drive growth in the second half and declared an interim dividend of Rs 2 per share.
Ahead of Market: 10 things that will decide stock market action on Thursday
Sensex and Nifty ended lower on Wednesday as investors booked profits after the previous sessions rally, with caution ahead of US inflation data weighing on sentiment. Market participants will track global cues, crude oil prices, foreign investor flows and stock-specific developments on Thursday, alongside buying and selling trends across key counters.
Reliances Jio Platforms files final IPO prospectus; offer to open on October 21
The offer opens for subscription on Wednesday, October 21, and closes on Friday, October 23. Anchor investor bidding is on Monday, October 19
The Cabinet Committee approves Canadian billionaire Prem Watsa-led firm's bid; deal requires RBI and other regulatory clearances.
Silver futures plunge 4% on MCX ahead of US CPI; rising oil adds pressure
Silver prices fell sharply on October 14 as rising crude oil prices, a stronger dollar and caution ahead of US inflation data weighed on sentiment.
IDBI Bank sale: Govt releases FAQs on Fairfax deal, board exit and valuation
IDBI Bank Ltd's 60.72% of total shareholding is being sold through the transaction, comprising 30.48% stake held by the Government of India and 30.24% stake held by LIC.
CSB Bank merger with IDBI Bank likely after Fairfax deal
Fairfax will either have to sell its 40% stake in CSB Bank or merge it with IDBI Bank, as RBI regulations do not allow an entity to own two banks.
Jio announces price band for over Rs 30,000 crore IPO. Check key dates, GMP and other details
Jio has set the price band for its much-awaited IPO at Rs 1,065-1,119 per share. At the lower end of the price band, Jio Platforms could raise Rs 28,755 crore. At the cap price of Rs 1,119, the IPO size would rise to about Rs 30,213 crore.
Akash, Isha Ambani's birthday to mark close of Reliance Jio's mega IPO
Akash and Isha Ambanis birthday on October 23 coincides with the closing day of Reliance Jios Rs 30,000 crore IPO. The listing marks a milestone for the telecom and digital business, which the twins have helped shape since its early years, as Jio prepares to enter Indias public markets.
Canara Bank Q2 profit rises 8% YoY to Rs 5,175 crore
Canara Bank reported an 8.4% year-on-year rise in second-quarter net profit to Rs 5,175 crore, supported by higher net interest income and improved asset quality. Net interest income grew 20.4% to Rs 11,005 crore, while lower provisions helped earnings. Global advances rose 19.5%, outpacing deposit growth.
Global Market: BoE's Huw Pill wary of market bets on four rate hikes over next year
Bank of England Chief Economist Huw Pill has questioned market expectations for four quarter-point rate hikes over the next 12 months as policymakers assess the inflationary fallout of the Iran war. His comments highlight divisions within the Monetary Policy Committee over how to balance rising energy prices against risks to economic growth.
US yields jump as hot consumer inflation boosts rate hike bets
In September, the US Treasury yields climbed as the Consumer Price Index (CPI) showed a surprising rise of 0.6% month-over-month and 3.7% year-over-year. This unexpected inflation report heightened the chances of an interest rate hike by the Federal Reserve in December, signaling a potential response to ongoing inflationary pressures. Market sentiments are now leaning toward the anticipation of policy changes from the Fed as they aim to manage inflation effectively.
Steel prices rise for third consecutive month on cost push
The ongoing geo-political uncertainty has pushed up cost on imported key raw materials including coking and thermal coal, ferro-alloys besides the rise in shipping cost
Sebi confirms Rajesh Exports curbs, flags incomplete information in probe
Rajesh Mehta remains barred from dealing in Rajesh Exports securities as Sebi examines financial disclosures, subsidiary consolidation and alleged related-party fund routing.
Jio Platforms IPO: Issue opens on October 21, anchor bidding on October 19
The companys red herring prospectus outlines the subscription schedule and reserved share allocations for eligible employees and Reliance Industries shareholders.
Diwali offer for RIL shareholders! Reliance Jio sets aside Rs 2,500 crore shares in IPO reservation
Jio Platforms has filed its red herring prospectus (RHP) for an IPO of up to 27 crore equity shares, setting the stage for what could be Indias largest-ever public issue. Anchor investor bidding will begin on October 19, 2026, followed by the public issue opening on October 21
US stocks: US market opens lower after hot CPI data fuels rate-hike bets
Wall Street's major indices took a hit as an inflation report outpaced forecasts, sparking heightened speculation about rate increases. Investors are closely reviewing earnings from key banks, highlighting concerns over escalating inflation. The notable market fluctuations suggest a likelihood of rising interest rates as the economy continues to be assessed.
Gold drops over 1% as hot US inflation data boosts Fed hike bets
US consumer prices increased in September, contributing to expectations of an interest rate hike by the Federal Reserve. Following this inflation data, gold prices fell over 1% for the third consecutive session. The US dollar index also climbed, making gold more expensive for foreign investors. Market predictions indicate a 44% chance of a rate hike in October and a 95% chance in December.
WPI shock and crude keep rally in check
The Nifty 50 closed at 22,622.70, down 99.25 points or 0.44%, while the Sensex fell 251.89 points to end at 72,781.89
Reliance Jio files RHP, announces IPO dates for India's biggest listing
Jio IPO: Reliance Jio has filed its red herring prospectus for an October 21-23 IPO, set to be Indias biggest public issue. The offering comprises 27 crore fresh shares, with reservations for Reliance Industries shareholders and employees. The company plans to use most of the proceeds to repay borrowings, while investors assess its valuation.
Bajaj Consumer Care Q2 Results: Profit jumps 66% YoY to Rs 70 crore, revenue rises 25%
Bajaj Consumer Care reported a 66% year-on-year rise in Q2FY27 net profit to Rs 70.2 crore, while operating income grew 25.4% to Rs 332.8 crore. EBITDA surged 71% to Rs 83.3 crore. Domestic business revenue grew over 30%, and the companys shares have rallied 96.42% in 2026 so far.
Coppers bullish momentum likely to continue for a few more months
The Iran war, supply-demand imbalance and threat of US tariffs are expected to keep the red metal price elevated
Personal loan closure: How long does it take for your credit score to improve?
A credit score may not rise immediately after the final EMI; lenders must first report the loan closure to credit bureaus.
1 lakh in your PF account: How much can you withdraw 25,000, 50,000 or 75,000? Know the rules
EPFOs new EPF rules group partial withdrawals into essential needs, housing and special circumstances, with a 12-month minimum membership requirement. Details here.
Stocks Sena launches free stock research platform, raises USD 232,000 at USD 2.32 million valuation
Stocks Sena, a venture co-founded by Krishna Singhal and Pushan Jain, has unveiled an innovative research platform aimed at empowering Indian investors. This website equips users with financial data and stock screening capabilities, granting access to primary-source company disclosures without any subscription fees. Notably, AI tools are designed to simplify complex earnings calls, enhancing comprehension of key financial insights.
IDBI Bank-Fairfax deal: Government to retain 15% stake, LIC to hold 19%
The government will retain a 15% equity stake in IDBI Bank and Life Insurance Corporation will hold 19%. Both the government and LIC will withdraw their nominees from the bank's board and become public shareholders. The Cabinet Committee on Economic Affairs has empowered the Alternative Mechanism for minority stake sales of the government's holdings. LIC will manage its residual shareholding as per internal procedures and regulatory compliance.
India bonds sink deeper on RBI commentary, inflation concerns
Indian government bonds are currently facing notable losses, pushing the 10-year yield to its highest since March 2023. This downturn comes in the wake of hawkish remarks from Reserve Bank of India Governor Sanjay Malhotra about financial stability. Additionally, India's wholesale inflation saw an unexpected rise in September, leading to growing concerns over potential future monetary policy shifts.
Dynamatic Technologies among 7 stocks hitting 52-week highs; rally up to 32% in a month
Seven BSE 1000 stocks touched fresh 52-week highs despite the Sensex closing lower on Wednesday. West Coast Paper Mills led the list with a 32% monthly gain, followed by Dynamatic Technologies, Cyient DLM and Aditya Infotech.
Centre Approves 60.72% Stake Sale In IDBI Bank To Fairfax For Rs 52,878 Crore
The 60.72 per cent stake being acquired by Fairfax will comprise a 30.48 per cent holding of the government and a 30.24 per cent stake held by the Life Insurance Corporation of India (LIC).
Sebi proposes market cap-based SME IPO norms, seeks public comments on regulatory overhaul
Sebi has proposed a sweeping overhaul of SME IPO regulations, including market capitalisation-based eligibility thresholds, higher profitability requirements, lower minimum application values and changes to allotment norms. The proposals also cover underwriting, market making, lock-in periods and migration to the main board. Public comments are invited until November 4, 2026.
EPF withdrawal rules: Form 121 replaces Forms 15G and 15H from April 2026
From April 1, 2026, Form 121 replaces Forms 15G and 15H for eligible taxpayers seeking TDS relief on specified income, including qualifying EPF withdrawals. Check who can submit the new declaration, its validity and why it does not automatically make taxable withdrawals tax-free.
Mukhyamantri Ladli Behna Yogna: MP CM to release 41st installment today, here's how to check payment
Madhya Pradesh Chief Minister's Ladli Behna Yojana will be released on Wednesday, October 15. About 1.25 crore women will be receiving money transfer of more than 1,834 crore this time.
Tata Technologies Q2 results: Profit rises 4% YoY to Rs 171 crore; revenue jumps 28%
Tata Technologies has reported an 4% increase in profits year-on-year for the second quarter of FY27, with its operating revenue soaring 28% to Rs 1,699 crore. The net income for this quarter stood at Rs 171 crore, indicating a healthy growth. Additionally, the company announced several key deal wins, which bolster its market position.
Sebi proposes market cap-based SME listing norms, lower application size
Sebi proposes halving the minimum SME IPO application value to Rs 1 lakh, raising the operating profit threshold and easing offer-for-sale restrictions for institutional investors
Indias Russian crude imports fall 29% from July peak as China boosts buying
Kpler expects Russian crude to remain significant in Indias import mix, even as refiners explore supplies from the Americas and Middle East
Cabinet approves IDBI Bank stake sale to Fairfax for 52,877 crore
This is the biggest disinvestment by the Union government after Air India.
HDB Financial Services Q2 Results: Net profit jumps 34% YoY to Rs 780 crore, revenue up 10%
HDB Financial Services Q2 Results: HDB Financial Services reported a 34% year-on-year rise in Q2FY27 net profit to Rs 780 crore, while revenue from operations grew 10% to Rs 5,005 crore. The company also declared an interim dividend of Rs 2 per share. Its shares fell over 4% ahead of the earnings announcement on Wednesday.
SIF AUM crosses Rs 38,000 crore in September; folios top 1.5 lakh
Specialised Investment Fund (SIF) strategies received total inflows of Rs 7,578 crore in September, compared with Rs 7,699 crore in August.
The Cabinet Committee on Economic Affairs has approved the strategic sale of IDBI Bank to a Fairfax Group arm, Union Minister Ashwini Vaishnaw said. The government and Life Insurance Corporation of India will retain a combined 34% stake in the restructured entity. Vaishnaw called it Indias largest financial-sector FDI.
Mint Explainer: Auto industry braces for a festive-season reality check
Since September 2025, the auto industry has posted double-digit growth in several months, driven by lower prices following GST cuts. But rising vehicle prices, borrowing costs and inflation threaten to dampen festive demand.
Apollo Pipes and Hirect among top 10 unique stocks held by mutual funds in September
Around 275 unique stocks were held by only one mutual fund house in September 2026. Among these, several stocks had holdings worth over Rs 100 crore, led by Network People Services Technologies, Marathon Nextgen Realty and Vindhya Telelinks.
10 Nifty500 stocks that have fallen up to 58% in a year
Ten Nifty 500 stocks have fallen between 47% and 58% over the past year, significantly underperforming the broader market. KEC International, Reliance Power and KPIT Technologies lead the list of laggards, as nearly 50 stocks in the index have declined more than 30% during the period.
Rupee extends rise but falters past 95/$ on importer hedging, outflows
Rupees rally stalls as importer hedging and outflows cap gains even after RBI steps and hawkish signals; traders eye US inflation data for the next move.
Flexibility for AIFs is not relaxation but more responsibility: Sebi WTM
Sebi whole-time member Sandip Pradhan said regulation of private markets will increasingly need to be proportionate, data-driven and risk-based as the sector expands
Foreign investors have sold over Rs 5 lakh crore of Indian equities since the 2024 capital gains tax hike, with outflows intensifying in 2026. Finance Minister Nirmala Sitharamans comments on LTCG and STT have revived hopes of tax relief, but analysts remain divided on whether any rejig can trigger a sustained FII comeback.
Rupee extends rise but falters past 95/USD on importer hedging, outflows
The Indian rupee has experienced an increase for the third consecutive session amid regulatory changes by the central bank. It reached a peak of 94.77 before settling at 95.15 against the dollar. Additionally, Indian importers continue to hedge against potential rupee weakness, contributing to ongoing dollar demand. Investors are awaiting US consumer inflation data for insights on future interest rates.
NPS Bharat FoF: Why PFRDA is opening pension capital to private debt
The pension regulator is widening investment options and simplifying digital enrolment to expand retirement coverage.
Own a house in another city? Heres what it costs to manage it
Remote property owners can outsource vacation-rental operations or long-term tenancy management, but these services and fees come at a high cost.
India's Alternative Investment Fund (AIF) industry has significant growth potential and could play a crucial role in the country's economic expansion, while artificial intelligence (AI) continues to present a major opportunity, said Mayank Jha, Managing Director and Partner at Boston Consulting Group (BCG).
Aons survey of more than 1,200 Indian employers projects average salary increases of 9.1% in 2027, led by non-banking finance, energy and real estate. Attrition rose to 18% in 2026, while AI adoption and demand for specialised skills grew. Most employers are preparing for Wage Code compliance.
Indians can access stocks of US companies such as Apple, Tesla and more. Check your options.
Nvidia pledges $250 million in computing resources to boost UK AI safety research
Nvidia has committed $250 million in computing resources over five years to advance UK artificial intelligence safety research. Announced by CEO Jensen Huang on Wednesday, the $50 million annual pledge focuses on agentic AI security, supporting initiatives at Oxford, Imperial College London, and University College London.
The latest MoU between NSE International Exchange and the London Stock Exchange could widen access to global investment products through GIFT City. Here's what this could mean for Indian mutual fund investors, which ETFs may become accessible, and what regulatory hurdles they should consider.
BHEL gains 5%, hits new high post Q2 results; stock up 100% in one year
Thus far in the calendar year 2026, BHEL stock outperformed the market by soaring 61% compared to a 14.6% decline in the BSE Sensex.
Global Market: Asian investors pour money into hedge funds as bond markets falter
Asian investors are increasing allocations to hedge funds amid volatile bond markets, uneven equity performance and concerns about traditional portfolio strategies. Multi-strategy, macroeconomic and quantitative funds are gaining traction as investors seek diversification and more resilient returns across market cycles.
Indias oilmeal exports tumble 65% in July as soybean meal shipments slump
Uncompetitive prices, cheaper South American supplies and rising freight costs were the primary factors
Indian families keep just 14% abroad, global peers 30-40%: Prithipal Singh on going global
Indian families keep just 14% abroad, global peers 30-40%: Prithipal Singh on going global
Barclays plans to build from Ground Zero to tap Indias IPO boom
The move would mark Barclays return to Indias ECM business after nearly a decade, allowing it to compete for underwriting mandates as the IPO pipeline stays strong after two straight years of unprecedented deals
Should you increase your SIP when your mutual fund is delivering negative returns? Understand when to continue a step-up, how rupee-cost averaging works, why sustained underperformance needs scrutiny, and how your investment horizon should shape the decision.
BHEL Q2 Results: Net profit skyrockets 120% YoY to Rs 810 crore; revenue rises 24%
Bharat Heavy Electricals Limited has announced a remarkable jump in net profit for Q2, surging 120.1% year-on-year to reach Rs 810 crore, up from Rs 368 crore last fiscal year. Additionally, revenue from operations increased by 23.8%, totaling Rs 9,300 crore. These figures showcase BHEL's strong financial performance, highlighting notable growth and operational success in this quarter.
Lionsgate Play founder to launch new streaming app Tiger TV for Hindi and Punjabi content
Lionsgate Play is expanding beyond Hollywood with Tiger TV, a Hindi- and Punjabi-language service targeting underserved audiences and the diaspora. It aims to generate 500 crore in annual recurring revenue within three years.
Seven equity mutual funds across large-cap, mid-cap, and flexi-cap categories have multiplied investor wealth over 10 times in 20 years, according to FundsIndia's Wealth Conversations Report. Nippon India Growth Mid Cap Fund led gains, expanding money 18.4 times with a 15.7% CAGR over the two-decade period.
Sun Pharma down 2%, stock hits over 5-month low
Thus far in the calendar year 2026, Sun Pharma outperformed the market and remained flat, as compared to a 14.7% decline in the BSE Sensex.
IDBI Bank share price zooms 13% to five-week high on heavy volumes
IDBI Bank has informed that a meeting of the board will be held on October 17 (Saturday) to consider and approve the financial results for the quarter and half-year ended September 30, 2026.
D-Street's proxy AI trade shines in a bleak year for stocks
India's Nifty 50 index faces considerable challenges this year, with a significant drop since January. In contrast, stocks linked to artificial intelligence have thrived, attracting investor interest and increased foreign ownership. Companies are investing in the foundational infrastructure for AI, anticipating a fourfold rise in data center capacity by 2029. However, experts warn that lofty valuations could pose risks for future earnings.
22, 24 carat Gold prices down across other cities on October 14
