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India at an inflection point in private credit space: What is creating the opportunity?
India cuts back on costly Russian crude as West Asia flows recover
Moscows share of Indias crude imports have fallen to about 35% in September from as high as 56% in July
TCS dividend! IT giant declares second interim dividend of Rs 12 per share for FY27
TCS announced a second interim dividend of Rs 12 per share for FY27 after reporting a 15% rise in Q2 net profit to Rs 13,884 crore. Revenue grew 11% to Rs 73,188 crore, while operating margin stood at 24%.
TCS Q2 Net Profit Jumps 15% to Rs 13,884 Crore
Tata Consultancy Services (TCS) announced a 15 per cent increase in net profit, reaching Rs 13,884 crore for the September quarter, driven by an 11.22 per cent rise in revenue from operations.
RBI intervention halts rupee's slide to record low, risks linger
The Indian rupee struggles amid climbing oil prices and a weakening of Asian currencies. Despite the Reserve Bank of India's intervention, traders remain wary regarding the future of the currency. Many market players doubt that a central bank interest rate hike will stem capital flight, while escalating Brent crude prices raise alarms over possible Middle Eastern supply issues.
Dalal Street Bloodbath: Sensex Crashes 1,045 Points, Nifty Hits Fresh 52-Week Low
The Indian stock market experienced a significant downturn, with the Sensex crashing over 1,000 points and the Nifty hitting a fresh 52-week low, driven by sustained selling from foreign institutional investors, the RBI's monetary policy tightening, and elevated Brent crude prices.
TCS Q2 results: Profit rises 15% YoY to Rs 13,884 crore; co declares Rs 12 dividend
TCS Q2 Results: IT services major Tata Consultancy Services (TCS) on Thursday reported 15% year-on-year (YoY) growth in its consolidated net profit at Rs 13,884 crore for the second quarter.
Citis India IB revenue nearly doubles as bank raises $16 billion for clients, shows data
Citis India investment banking revenue nearly doubled to $52 million, making it the countrys top-ranked investment bank. The lender helped Indian companies raise nearly $16 billion and advised on $36 billion of M&A, driven by overseas expansion and technology-sector activity.
Info Edge posts 12.8% billing growth in Q2FY27, Shiksha drags; stock slides 3%
Real estate platform 99acres was the standout performer, with billings rising 21.2 per cent to 148.3 crore
Global Market: ECB may need further rate hikes as inflation risks remain elevated, Dolenc says
The ECB may raise interest rates further as inflation risks remain tilted upward, with rates already at 2.5% and inflation at 3.8%. Policymaker Primoz Dolenc cited energy, food and geopolitical risks, while noting stable core inflation. Strong economic growth could add pressure, but rising bond yields pose risks to euro zone activity.
Global Market: European stocks slide as oil surge revives inflation concerns
European shares fell as banks hit over three-month lows amid rising bond yields and oil prices. Investors worried persistent inflation could constrain central bank rate cuts and hurt growth, while markets awaited ECB, Federal Reserve and Bank of England signals.
SMC Global closes NCD issue a week early after strong investor response
The company launched a prospectus dated September 28, 2026, offering Secured, Rated, Listed, Redeemable, Non-Convertible Debentures of 1,000 each
RBI rate hike: What lies ahead for the economy
More rate hikes are coming. The question is how much
Knowledge Marine rallies 12% in four days, hits new peak in weak market
Thus far in calendar year 2026, KMEW's share price zoomed 70% against a 16% decline in the BSE Sensex.
TVS Srichakra receives 34.44 crore as TASL Automobile cancels its shares
TASL Automobile pays 377.70 per share to buy out TVS Srichakras holding of 9,11,741 equity shares, which represented 7.58% of TASL Automobiles paid-up share capital
Deposit rate hikes unlikely for 3 months; RBI action to help NIMs: SBI chairman C S Setty
State Bank of India Chairman C S Setty stated there will be no deposit rate hikes for the next three months. He cited sufficient liquidity in the system as a key reason for this prediction. Setty mentioned that credit growth is expected to sustain at 14 to 15 percent over time. He emphasized that banks need to ensure positive real interest rates for depositors amid rising inflation.
Govt plans annual FASTag local pass for residents near highway toll plazas
The annual FASTag pass priced at about 3,000 for residents living within 20 km of national highway toll plazas, offers unlimited crossings at a designated plaza and saves 28% compared to current monthly pass renewals.
Starlink Ready for India Launch, Awaits Final Go-Ahead
'We are ready to help Prime Minister Modi achieve his vision of 100 per cent connectivity throughout India -- a vision all of our company, including Elon, shares,' Lauren Dreyer, vice-president of Starlink business operations at SpaceX, said at the pre-business day of the India Mobile Congress in New Delhi.
Adani Group stocks tumble as market rout deepens; Adani Green, Adani Ent, others tank up to 10%
On October 8, shares of Adani Group experienced sharp declines amid a wider market downturn, with Adani Green Energy plunging by 10% and Adani Enterprises by 7%. Despite receiving a long-term rating upgrade from CARE Ratings, investor confidence remained shaky. Other subsidiaries, including Adani Power and Adani Ports, also witnessed losses, underscoring the market's inherent volatility and investor unease regarding the current economic climate.
Government employees covered by GPF and eligible private-sector employees under EPF can access their savings before retirement, but the two schemes differ in how advances or withdrawals work. Heres a look at the key differences in eligibility, withdrawal limits, repayment and other provisions.
Supreme Court moves to tighten rules on pharma freebies to doctors
The top court has asked the Centre to set up a three-member panel to examine whether drugmakers need legally enforceable rules governing gifts, incentives and other promotional practices.
How Much Did FPIs Sell In September?
They had bought Rs 29,631 crore worth of shares in August.
ET Alpha Wealth Summit 2.0: Equities arent enough? Praveena Rai makes a case for commodities
In India, commodities are steadily gaining traction as a crucial component of investment strategies. As investors diversify beyond conventional assets, they are discovering opportunities in gold, copper, and energy markets. Innovative financial products make it easy to engage in these commodities without the need for physical possession. Success demands a strong grasp of specific commodities and diligence in choosing regulated trading platforms.
IT Minister Announces AI Regulation Consultation Paper
IT Minister Ashwini Vaishnaw announced that the Indian government will release a consultation paper on AI regulations within a month. The framework will prioritise AI safety, address the growing threat of deepfakes, promote a human-first approach, and include skilling initiatives. Vaishnaw stressed the need for a echno-legal solution and industry responsibility in managing AI's challenges.
Citi tops India investment banking rankings, doubles revenue in 2026
Citi also leads Indias mergers and acquisitions advisory league table with a 28% market share, having advised on deals worth $36.81 billion across 10 transactions
Inside 11-quarter high earnings pomp, 46 companies may wipe out up to 84% of their Q2 profits
At least 46 companies are expected to report double-digit profit declines in Q2, despite Motilal Oswal projecting 22% earnings growth for its coverage universe. Autos, cement, healthcare, consumer and capital goods are among sectors facing pressure, highlighting the uneven nature of the September-quarter earnings recovery.
Jio Platforms aspires to deliver Indias biggest IPO, says Akash Ambani
We are a 10-year-old company. We truly believe that the future ahead is very exciting, says Akash Ambani
PNGS Reva Diamond Jewellery zooms 35% in two days; up 125% from March low
PNGS Reva Diamond Jewellery share price hit a new high of 738.40 in Thursday's trading session, and has zoomed 125 per cent from its 52-week low of 328 hit on March 30, 2026.
Vedanta has announced its first interim dividend of Rs 5 per share for FY27, with a total payout of Rs 1,955 crore. The dividend comes after the companys mega demerger earlier this year. Investors will need to hold Vedanta shares by October 14 to qualify, with October 13 being the last buying day.
8 smallcap stocks turned multibaggers in 2026 after crashing over 40% in 2025
Nine smallcap stocks that fell over 40% in 2025 have more than doubled in 2026, highlighting sharp turnarounds in investor sentiment and emerging as some of the years biggest multibagger stories.
Nifty less than 10 points away from a new 52-week low. What technical levels may bring some support?
Nifty 50 approaches its 52-week low as the index breaches key technical support levels amid RBI policy tightening, persistent FII selling, rising oil prices and weak global cues.
Vedanta announces first dividend since demerger at 5/share; stock down 2%
Vedanta announced a dividend of 5 per share today, with the record date set for Wednesday, October 14.
EPFO pension does not necessarily end after a pensioners death. Eligible spouses and children can claim family pension under EPS, with the spouse generally entitled to 50% and eligible children to 25% of the pension, subject to scheme conditions.
Your money, shown at one place: What RBIs new AA measures mean
The expanded consolidated account statement will include bank deposits, while account aggregator interoperability aims to make financial-data sharing simpler.
Ola Electric shares fall 10% as firm fixes price for 1,000-cr rights issue
Notably, the rights issue will open for subscription on October 22, and close on October 30.
RBI Rate Hike: Housing Affordability May Hit a Wall, Developers Remain Cautious
The Reserve Bank of India's 25-basis point increase in the repo rate to 5.5 per cent is expected to exert pressure on housing affordability and buyer sentiment, particularly affecting interest rate-sensitive segments and potentially moderating sales during the crucial festival season.
22, 24 carat Gold prices remain steady across other cities on October 8
22, 24 carat Gold prices remain steady across metro cities on October 8
Indian equities face headwinds but Q2 FY27 earnings set for 11-quarter high, says Motilal Oswal
Nifty 50 projected to post 27% earnings growth, its best performance in 17 quarters, Motilal Oswal says
Oil on a boil: OMCs, IndiGo & other crude-sensitive stocks sink up to 5%
Oil prices climbed sharply on Thursday due to rising attacks on vessels in the West Asia and hurricane-related production shutdowns in the US, reviving fears of severe supply disruptions.
Jefferies sees 76% upside in Kalyan Jewellers in bull case; here is why
Jefferies has reiterated a Buy rating on Kalyan Jewellers, setting a base target of Rs 830 and a bull-case target of Rs 1,000, implying a 76% upside. The brokerage highlighted market-share gains, store additions, and structural shifts to organised retail as primary long-term growth triggers for the stock.
Many investors fret over mutual fund SIP returns, yet a shift in focus to economic fundamentals is essential. Prashant Jain pointed out that while markets may stagnate, economic growth continues. For long-term investors, a flat market could prove beneficial through systematic investments. Previous years of low equity returns shouldn't prompt a dash towards alternatives; rather, maintaining an eye on Indias economic growth bolsters the argument for equity investment.
RBI rate hike: Your EMI may not move, but your loan may get longer
How to save 55k on home loans after rate hikes: Increase your monthly EMI instead of loan tenure. Expert guide to floating rate resets, EBLR, MCLR, and prepayments in India.
Germany regains safe haven status as European bond risks mount
European government bond markets face renewed volatility as investors pull funds from fiscally vulnerable nations like France and Italy. Germany has re-emerged as a primary safe haven, benefiting from capital inflows alongside Dutch, Swiss, and Swedish debt amid rising fiscal and political concerns across the euro zone.
Nifty slides below 22,300 at noon; Adani entities, ITC, metal stocks take a beating
IT sector emerges as lone bright spot
At Rs 35.9 crore, HDFC Bank's incoming boss Anup Bagchi set to be India's highest-paid bank CEO
HDFC Bank has proposed an annual compensation package of up to Rs 35.90 crore for Anup Bagchi. This remuneration could increase to Rs 43.24 crore with performance-based stock bonuses. Bagchi's package is significantly higher compared to previous CEO Sashidhar Jagdishan's total remuneration. HDFC Bank is seeking shareholder approval for this proposed compensation and Bagchi's appointment. His leadership aims to improve retail loan growth and strengthen investor confidence.
Global Market: TSMC third-quarter revenue jumps 50% as AI chip demand surges
TSMC reports record third-quarter revenue, beating estimates as surging AI demand drives strong growth in advanced chips, while the chipmaker prepares to provide a detailed outlook on earnings, capital spending and AI demand.
Nilesh Shah on What India Needs to Do to Bring FPIs Back
Creators chase IP ownership. Legal bills follow
Creators need ongoing advisory rather than occasional contract reviews, covering company setup, trademark filings, IP assignments, licensing and product agreements, and permissions for music, images and footage.
GST Council to decriminalise offences, scrap arrest powers, ease compliance
The GST Council, chaired by Finance Minister Nirmala Sitharaman, has begun deliberations on significant reforms, including decriminalising nine offences, softening provisions for 24, and raising the threshold for criminal prosecution to Rs 5 crore. The proposed changes also include scrapping the arrest powers of GST officers and introducing an 'invoice matching system' to combat fake input tax credit claims, aiming for a trust-based taxation approach and enhanced ease of doing business.
Multibagger stock! Cupid shares jump 4%, soar 238% in 2026. What's driving the rally?
Cupid shares rose 3.76% to hit a high of Rs 356.90 on Thursday, extending their rally since the September 30 business update to around 16%. The stock has gained 238.78% in 2026 so far, sharply outperforming the Nifty 50, which is down 14% over the same period.
Paytm shares crash 10%, wipe off Rs 10,970 crore m-cap. More pain ahead?
Paytm shares crashed on Wednesday after reports suggested a possible delay in the rollout of UPI MDR. Analysts said the stock faces immediate support at Rs 1,560-1,550, while a decisive break below could trigger further selling.
A Surat ITAT ruling has quashed reassessment proceedings involving a 50 lakh IDS disclosure after finding the tax departments section 148 notice was time-barred. The case also involved a bank error that delayed part of the taxpayers tax payment.
Indian firms seen posting faster profit growth despite global headwinds
Nifty 50 firms net profit is forecast to rise about 20% year-on-year on average, based on brokerage estimates
Adani group stocks under pressure; Enterprises, Green Energy tank up to 7%
Adani Enterprises' stock price on Thursday quoted at its lowest level since May 14, 2026, having declined 13% in the last six trading sessions.
Aditya Birla Sun Life Mutual Fund has launched a sectoral debt fund focused on financial services, with relatively high interest rate risk and moderate credit risk. Experts say investors should weigh the funds sector concentration and limited track record against potential benefits from attractive yields, while considering diversified debt options for core allocations.
Smaller Pie, new winners in Indias investment banking
According to Dealogic, total investment banking revenues year-to-date in India fell to about $780 million in 2026 from $796 million in 2025
Sun TV stock on a roll, up 40% in 3 weeks; Elara sets target price at 925
Elara Capital believes that Sun TV holds a highly cash-generative TV business, underpinned by a strong sports portfolio, while the core media segment remains the 'cash cow'.
India-US Trade Talks Hit Roadblock
While India and the US have narrowed their differences, the remaining issues will be the hardest to resolve
Mastek gains 3% as AI-led Oracle cloud transformation deal lifts stock
Mastek (UK) Limited, a wholly-owned Subsidiary of Mastek Ltd selected by Staffordshire County Council to deliver a Oracle Cloud transformation programme
UPI MDR rollout delayed? 0.4% fee on payments above 2,000 may start in January 2027
UPI MDR rollout may be delayed from October 15 to January 2027, giving merchants and payment firms more time to prepare. The proposed 0.4% fee applies to eligible UPI merchant payments above 2,000, while consumers remain exempt.
D-St meltdown explained: Sensex tanks 780 pts intraday, Nifty below 22,350
After clocking an eight-week losing streak last Friday, Sensex and Nifty are down in two of the four trading sessions in the ongoing week so far.
Fino Payments Bank share price rallies 17% after Q2 business update
Fino Payments Bank said that the loan referral disbursals rose by 223 per cent to 278 crore in the September quarter.
India bonds hemmed in as market digests higher rates
The Reserve Bank of India has increased its key policy rate by 25 basis points, raising it to 5.50%. This adjustment signifies a strategic step towards cautious monetary tightening shaped by global economic developments. Traders are exercising caution due to heightened global yields and soaring crude oil prices impacting the bond market.
ITC shares slide 4% to near 52-week low after 9,437-crore block deal
As many as 36.66 crore ITC shares traded in block deal window at an average price of 257 per share
Global Market: China stocks slide as tech valuations face earnings test
Chinese stocks fell after the holiday break amid renewed US-China tensions, higher US Treasury yields and concerns over elevated technology valuations. The CSI300 and Shanghai Composite declined, while the STAR 50 suffered sharper losses. Investors are reassessing high-valued chip and technology stocks, with trade tensions, earnings expectations and global yields weighing on sentiment.
ONGC, NTPC, BDL, BEL, IOC among 13 CPSE stocks to hit 52-week lows on Thurs
Power Grid, NMDC, IREDA, IRFC, RCF, RVNL, SJVN and Mazagon Dock Shipbuilders hit 52-week lows on the BSE in Thursday's intraday deals.
Gold price rises 586 on buying at lower levels; silver gains 245
Comex gold futures were trading $16.50 higher at $4,157.20 an ounce, while silver futures rose $0.08 to $60.37 after opening at $60.19
IT stocks rose on Thursday as investors turned their attention to TCS, which is set to kick off the Q2 earnings season. Analysts expect modest sequential revenue growth, while a favourable base and margin support could aid year-on-year growth. Currency tailwinds may also support margins across Indian IT services companies.
Pressure on current account is a temporary problem, says RBI Governor
Pressure on the current account is a temporary problem. Sooner rather than later, our external sector will improve, said RBI Governor Sanjay Malhotra.
HDFC Bank shares dip, falls 4% in October so far
HDFC Bank shares remained under pressure amid higher rates, with the stock witnessing active trading and extending its recent decline on Thursday
Can Applied Digital's AI data-centre growth drive further gains?
Applied Digital posts a sharp revenue surge in fiscal Q1 2027 as AI data-centre demand drives growth, while expanding US capacity, long-term contracts and a planned Finland campus strengthen its growth pipeline.
Jefferies cuts target prices for BSE, Turtlemint & other stocks ahead of Q2 results. Check list
Jefferies has cut target prices for BSE, Turtlemint and several other non-lending financial stocks ahead of Q2 earnings, while retaining Buy ratings on most stocks in its coverage.
Global Market: EMs see first foreign outflow since June as Fed turns hawkish
Foreign investors pulled $26.3 billion from emerging-market stocks and bonds in September, marking the first monthly outflow since June, according to the IIF. Fixed-income assets saw $7 billion of outflows, their first net withdrawal since March. The selling was driven by a hawkish US Fed stance, which pushed Treasury yields and the dollar higher, reducing the appeal of emerging-market assets.
ITC shares slide 3% on block deal buzz; FMCG giant down 29% in 2026
ITC shares witnessed a drop on Thursday amid reports of likely block deals, with nearly 39 crore shares changing hands across the NSE and BSE. The identities of the buyers and sellers involved in the reported transactions were not immediately known.
Indian Markets Decline as RBI Signals More Tightening
Indian benchmark indices Sensex and Nifty experienced declines in early trade, influenced by the Reserve Bank of India's (RBI) recent repo rate hike and its signal for continued monetary tightening, coupled with rising crude oil prices and foreign fund outflows. Track Sensex, Nifty on October 8.
Edelweiss Asset Management launched the Edelweiss US Technology Equity Fund through GIFT City, providing dollar-denominated exposure to JPMorgans US Technology Fund. The fund targets resident investors, NRIs, institutions and family offices, with a $5,000 minimum investment. The launch offers an alternative overseas investment route amid Indias mutual fund limits.
Fino Payments Bank shares surge 13% after September business update; loan referrals jump 223%
Fino Payments Bank shares surged 13.34% to Rs 145.80 after its September 2026 business update. CASA, deposits, renewal income, digital customers, CMS throughput and loan referrals recorded strong growth, though transaction throughput and new deposit accounts declined. Despite the rally, the stock remains significantly below its 52-week high and trades below four of eight SMAs.
ITC sees 2.9% of equity change hands in single large trade; stock slumps 3%
According to Bloomberg data, 366.7 million shares, representing 2.93 per cent of the company's equity, changed hands in a single large trade.
ET Alpha Wealth Summit 2.0: Will the AI bet pay off? Nilesh Shah weighs in
At ET Alpha Wealth Summit 2.0, Kotak Mutual Funds Nilesh Shah highlighted the uncertain payoff from massive investments in artificial intelligence. Shah said the global economy has faced repeated disruptions over the past six years, while shifting capital flows, AI and emerging economic powerhouses are reshaping investment opportunities and the next phase of wealth creation.
IRDAIs proposed changes to insurance distributor commissions could reshape how policies are sold in smaller towns. Intermediaries warn that lower payouts may make low-ticket policies less viable and affect access to local advisors for first-time buyers.
Indian equities remain under pressure as the RBIs calibrated tightening stance, continued FII selling and rising oil prices weigh on sentiment, while IT stocks outperform and analysts expect largecaps to face further pressure.
Reliance could be a cheaper way to own Jio after telecom unit's listing
Reliance shares imply a 36 per cent discount to the value of its roughly two-thirds stake in Jio Platforms, though analysts see about 25 per cent as a more sustainable gap after the telecom unit lists
Groww accounts for 48% of NSEs net active client additions in Q2 FY27
The companys active client base rose to 13.448 million from 13.347 million in August, while its market share increased to 29.16% from 29.04%
Regular vs direct mutual funds: Regular plans incur higher fees due to agent commissions, while direct plans are managed by investors. But that should not be the only factor in choosing a plan. Here's what else you should know.
GST Council to overhaul processes for business-friendly tax system
The Goods and Services Tax (GST) Council is set to discuss proposals aimed at transforming the complex indirect tax system into a more business-friendly regime, focusing on simplifying compliance, reducing administrative burdens, and potentially raising the prosecution threshold.
From Daayra to Assi, social message films lose their box office and streaming magic
Films with social messages have lost the box office appeal after the pandemic. Adult ratings hinder family viewership and OTT platforms are less inclined to acquire such films.
Wolfspeed stock surges over 18%: What triggered the rally?
Wolfspeed shares surged over 18% after a conditional $1.5 billion U.S. financing commitment to expand strategic SiC and GaN semiconductor production, boosting investor confidence.
RBI rate hike done. Now whats ahead for bank stocks? Jefferies, other analysts weigh in
RBIs first rate hike in nearly four years has put the spotlight on banking stocks, with analysts divided on the near-term impact on margins. Jefferies sees large private banks such as ICICI Bank and Kotak Mahindra Bank as key beneficiaries, while Q2 earnings could offer clues on the sectors outlook.
Global Market: Tokyo Financial Exchange unveils futures to hedge BOJ rate volatility
Tokyo Financial Exchange will launch a futures contract linked to the Bank of Japans overnight call rate to help investors hedge rising interest-rate volatility. The move comes as markets anticipate further BOJ hikes, with the central banks policy rate at 1.25%. Growing demand for rate hedging reflects Japans shift away from ultra-loose monetary policy.
