25 C 
IDBI Bank stake sale to push MCR receipts beyond 90,000 crore, providing fiscal relief
This mop up will provide relief to government finances at a time when collections from excise are set to be down while expenditure on subsidy and on other welfare scheme is set to go up
MFI constitute the largest share of lending portfolio in June 2026
This share stayed at around 36% to 38% between June 2022 to June 2025, making this the most significant increase in five years
Review Govtsdecision to sell majority stake in IDBI Bank: Employees union
The Forum seeks suspension offurther steps towards transferring ownership and management control of IDBI Bank to the foreign entity
CCEA approves strategic restructuring of IDBI Bank, govt & LIC to get over 52,000 crore
The government is offloading 30.48 per cent of its stake and expected to get over 26,500 crore, while LIC to sell 30.24 per cent and likely to get over 26,300 crore
Fairfax faces CSB conundrum after winning IDBI Bank bid; Merger emerges as likely route
The Cabinet Committee on Economic Affairs (CCEA) approves 10955230 Canada Inc. as the strategic buyer in the restructuring of IDBI Bank
From 31% bad loans to a sale-ready bank: How IDBI got here
After years under the RBIs Prompt Corrective Action framework, the bank posted a record net profit of 9,513 crore in FY26; total business crossed 6,27,149 crore as of September 30, 2026, up 18%
Rupee continues to rise; tests intraday high of 94.75 against US dollar
Government Securities yields rose, tracking pricey crude oil prices amid step up in attacks by Yemen-based Houthi rebels on Saudi Arabias energy infrastructure.
IDBI exit brings 26,337 crore to LIC, but limited upside for shareholders
Despite a substantial cash inflow and a residual 19 per cent stake in IDBI Bank, the transaction is unlikely to materially alter LICs valuation, analysts say
Manjeet Singh Patel has alleged serious financial irregularities concerning the National Pension System Trust. He has requested a high-level audit by the Comptroller and Auditor General of India. Patel asserts that many employees' NPS investments have turned negative due to poor market performance. He demands the implementation of a guaranteed minimum return on employee contributions.
The Supreme Court of India has ruled that all train tickets must include mandatory travel insurance starting October 27, 2026. This decision applies to both online tickets purchased through IRCTC and offline tickets available at railway counters. The travel insurance will provide significant financial support in the event of accidents or emergencies for passengers.
Canara Bank Q2 net profit rises 8.4% to 5,175 crore
The banks global business grew 15.88 per cent year-on-year to 30.72 lakh crore as of September 30, 2026, driven by a 19.46% increase in global advances to 13.75 lakh crore
CCEA approves IDBI Bank stake sale to Fairfax for 52,878 crore; govt, LIC to receive proceeds
The successful bidder will be required to present its credentials to the Reserve Bank of India in accordance with the Fit and Proper Assessment conducted at the EoI stage
Holiday on Maha Saptami Puja: Bankers in West Bengal are appealing for an additional holiday on October 17 to celebrate Maha Saptami Puja. While days off are currently set from October 18 to 21, the absence of a holiday on the 17th has prompted the All India Bank Officers' Confederation to reach out to Chief Minister Suvendu Adhikari.
Property tax waiver extended for residents of this part of Delhi: Check the new deadline to pay tax
Delhi property tax: The Municipal Corporation of Delhi has introduced SUNIYO 2.0, an amnesty scheme for homeowners with unpaid property taxes. Taxpayers are required to pay only the principal amount for the fiscal years 2025-26 and 2020-21 to 2024-25. All previous interest and penalties for tax dues before 2020-21 will be waived completely. Property owners must take advantage of this scheme before the deadline of December 31, 2026, which has been extended from September 30, 2026.
The EPFO has extended the September 2026 ECR filing deadline for employers from October 15 to October 31, following the increase in the PF wage ceiling from Rs 15,000 to Rs 25,000. Employers must calculate contributions using the applicable wage ceilings. Meanwhile, eligible establishments can apply under the EPFO Amnesty Scheme 2026 for retrospective regularisation of exempt PF trusts by December 28, 2026.
Nirmala Sitharaman heads to Bangkok for IMF and World Bank annual meetings
Her five-day itinerary includes discussions with global finance leaders, bilateral meetings with counterparts and sessions on infrastructure investment and economic reforms
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.
Indias short-term borrowing costs hit four-year high as rate hike bets rise
Treasury officials expect further monetary tightening as the RBIs hawkish signals push up short-term borrowing costs and government bond yields
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.
Astranova Mobility arm gets NBFC licence, targets 5,000 cr AUM in 5 years
Wife wins divorce and Rs 10,000 monthly maintenance after proving husband is incapacitated from having physical relationship; Kerala HC order explained
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.
LIC's 3 new plans explained: Who can buy them and what do they offer
Plans cover retirement income, hospitalisation and cancer treatment. Here is what buyers should check before choosing one
10 equity mutual funds cross Rs 60,000 crore AUM; top 4 manage over Rs 1 lakh crore each
Around 10 equity mutual funds managed assets worth over Rs 60,000 crore each as of September 2026, with four crossing the Rs 1 lakh crore mark. Parag Parikh Flexi Cap Fund topped the list with an AUM of Rs 1.45 lakh crore.
Explained: What is Account Aggregator framework, and how does it work?
rom November 1, financial institutions will pay a standard fee to access customer data through the Account Aggregator network. Here's how the framework works and what the new pricing means for users
Bank fails to process your request on time? Know 5 scenarios when you can claim 100 to 5,000 per day
Canadian resident got notice for 83L STCG; he wins
JioBlackRock Flexi Cap Fund made complete exits from 18 stocks, including Eternal and Ashok Leyland, in September 2026, while trimming stakes in RIL, HDFC Bank, and 32 others. Managed by Tanvi Kacheria and Sahil Chaudhary, the scheme added 19 new stocks with total AUM standing at Rs 3,175 crore.
Bank of Baroda to defend anysuit brought by NMC Healthcare groups Shetty
Shetty has filed a $15-billion suit against BoBand 25 other defendants, accusing the bank of facilitating corporate fraud linked to the collapse of NMC and UAE Exchange groups
8th Pay Commission salary and pension hike: Pensioners body seeks 69,000 minimum pay, 34,470 pension
Property owner inherits mothers land, converts it into freehold, DDA grants mutation, redevelops it, gets Rs 75 lakh from builder, pays no tax, gets tax notice, wins case in ITAT Delhi.
Husband and wife both of them put their name on houses title deed, but wifes father paid for it and even he gave 5000 Saudi Rials to him but marriage broke; Kerala HC orders him to vacate the house
As retirement approaches, investors must prioritize sustainable income from their portfolios. Take, for example, a 59-year-old managing Rs 1.51 crore, seeking Rs 16,000 monthly via a systematic withdrawal plan. Experts suggest portfolio reallocation and asset diversification among fund houses. By structuring investments into three distinct categories based on cash flow, investors can better navigate withdrawals, reducing the risk associated with liquidating assets during market dips while ensuring dependable income.
Best focused mutual funds to invest in October 2026
Focused mutual funds have a concentrated portfolio. That means that the fund manager will choose stocks based on his or her conviction and take a meaningful exposure in the stock. Such investments can pay off handsomely if the call goes right. However, if a few calls go wrong, the scheme will suffer a lot. This is the trouble with concentrated bets.
Maruti Suzuki Share Price Live Updates: Maruti Suzuki's Current Price and Market Performance
Titan Company Share Price Live Updates: Titan Company News
Kotak Bank Share Price Live Updates: Kotak Bank's Current Price and Trends
ONGC Share Price Live Updates: ONGC's Recent Trading Activity
Tech Mahindra Share Price Live Updates: Tech Mahindra Stock Details
TCS Share Price Live Updates: TCS gains ground in today's trading session
Wipro Share Price Live Updates: Wipro Stock Details
Eicher Motors Share Price Live Updates: Eicher Motors Price Decline Report
Should you invest in SIFs? Key risks and benefits explained
Specialised Investment Funds, or SIFs, have quickly become popular among investors in just one year. They offer flexibility and strategies beyond traditional mutual funds, which appeals to many investors. As of September 2026, the assets under management for SIFs reached Rs 38,224 crore. A notable trend is the interest in hybrid and multi-asset strategies catering to shifting market conditions.
Rupee gains 145 paise in two trading sessions, but disquiet sets in forex market
On Tuesday, the rupee ended at a five-week high, gaining 49 paise to close at 95.28 per US dollar
RBI drains out 25,000 cr liquidity via OMO sale of G-Secs
The banking system had a surplus liquidity of 3,35,901 crore as of October 12
Passenger vehicle loans show shift towards premiumization
The average PV loan amount growingby 49%to 8.2 lakhand the average loan tenure increasingby five months to 62 monthsbetween the first half (HI) of 2019 and H1 of 2026
The best financial advice is often to do nothing, says Value Research CEO Dhirendra Kumar
Value Research CEO Dhirendra Kumar says good financial advice often means helping investors avoid unnecessary transactions and impulsive decisions. Speaking at the Global Financial Planners Summit Team 2026, he stressed the importance of financial education at home, disciplined investing and understanding products before making decisions with long-term financial consequences.
ICICI Life Insurance Q2 net profit rises 25% to 374 crore on premiums
The insurer's net premium income rose 16.56 per cent to Rs 13,804 crore in Q2FY27, while value of new business grew 20.3 per cent to Rs 712 crore, with margins improving
UPI MDR rollout postponed until after Diwali; new date to be announced
The decision follows industry opposition and a legal challenge, with the Supreme Court seeking explanations from NPCI, RBI and the Centre
Average car loan size jumps 49% to 8.2 lakh as buyers shift to SUVs
TransUnion CIBIL data shows average passenger-vehicle loan sizes rose 49 per cent between H1 2019 and H1 2026, while repayment tenures increased by five months to 62 months
LIC to 3 new insurance plans on October 19
The woman had earlier appealed in the district commission which held that she did not qualify as a consumer and that the complaint was not maintainable on the ground that investment in shares is a commercial activity. Then why did she won in the State Consumer Commission? Find out in this article.
Investing in small and mid caps? DSP Mutual Fund recommends SIPs or experienced fund managers
DSP Mutual Fund recommends investing in small- and midcap stocks through SIPs or experienced fund managers who have navigated multiple market cycles. Its latest analysis finds large caps more attractive on valuations, while elevated relative valuations in small and mid caps warrant caution despite their strong outperformance over the past year.
How much pure silver and gold jewellery can you have in your home without getting into trouble with the Income Tax authorities? To know the answer you need to read CBDT Instruction No. 1916.
Average loan size for passenger vehicles rises 49% to 8.2 lakh in 7 years: TransUnion CIBIL
NBFCs continue to lead vehicle financing, accounting for 73% of two-wheeler loans and 37% of passenger vehicle loans
Senior citizen sent income tax notice for Rs 65.27 lakh unexplained cash deposit, which was later proved to be pension and FD money; ITAT Jaipur order explained.
11 equity MF categories attract inflows in September; smallcap funds lead the pack
RBI likely to take more measures to manage forex volatility: Sitharaman
The finance minister said the RBI's efforts to stabilise the rupee would continue, following measures to manage foreign exchange volatility as the currency faces pressure from external challenges
RBI to continue efforts to prevent excessive rupee volatility: Sitharaman
Union Finance Minister Nirmala Sitharaman said India's strong macroeconomic fundamentals should reassure investors about the country's fiscal discipline
Indian AI- and energy-linked stocks decline as a global technology sell-off deepens, with South Koreas KOSPI plunging amid intensifying competition in the AI sector. Investors reassess AI valuations following sharp losses in Asian semiconductor stocks.
For senior citizens eyeing steady income, evaluating National Savings Certificates against bank fixed deposits is crucial. Investing Rs 2.5 lakh in NSC yields a more favorable maturity amount than many bank FDs.
Citi and Credendo close $328 million financing for 8 IndiGo aircraft
Transaction marks first Credendo-insured aviation financing globally and first ECA-backed deal through GIFT IFSC structure
How to invest Rs 2.5 cr for steady monthly income
UPI payment fee roll-out postponed until after Diwali
The 0.4% charge for merchants on transactions exceeding 2,000 was scheduled to take effect on October 15
UPI MDR deferred until after Diwali, new date to be notified: NPCI
NPCI has postponed the levy of MDR on select UPI merchant transactions, originally due from October 15, while leaving the proposed fee structure unchanged
Can L10 employees get Rs 34 lakh extra pay in 10 yrs?
Quant Small Cap Fund: ICICI Bank and Adani Power among stocks bought and sold in September
Quant Small Cap Fund completely exited 42.65 lakh shares of ICICI Bank and five other stocks in September 2026 while increasing its stake in Adani Power, Emami, and KPIT Technologies. The fund's AUM stood at Rs 35,572 crore, with new entries including Max Estates and Moneyview.
GOld rate today: Gold prices for 22k jewellery have seen a decline across key cities, with brands like Tanishq and Malabar Gold adjusting their rates. Buyers are encouraged to verify prices before making purchases, especially during the festive period.
Jeevan Pramaan 2026: How pensioners can submit life certificate online
Pensioners aged 80 and above can apply now; others can submit from November 1. Check the steps, documents needed and deadline.
Fintech funding up 14% to $2.2 bn in Jan-Sep, deal count falls 41%: Tracxn
Indian fintech companies raised USD 2.2 billion in January-September 2026, up 14 per cent from a year earlier, even as the number of funding rounds fell 41 per cent, with five deals of USD 100 million or more making up nearly half the total, according to Tracxn. Funding in the first nine months of 2025 stood at USD 1.9 billion. The number of rounds dropped to 153 from 260 a year ago, the data intelligence platform said in a report. This year's funding is still only about 40 per cent of the peak of USD 5.5 billion recorded in the first nine months of 2021. The five largest rounds together brought in about USD 1.1 billion. CRED's USD 540 million Series H round in June, backed by Meta, alone accounted for about a quarter of all funding. The others were KreditBee's USD 220 million Series E in April, Weaver's USD 103 million Series B in March, Slice's USD 100 million Series D in September and Navi's USD 100 million Series C in August. Late-stage funding, which includes Series C and lat
RBI extends forex risk reserve requirement to banks' own hedging contracts
The central bank has mandated a 20 per cent reserve on eligible rupee derivative contracts used by authorised dealers to hedge their own currency risks, without a minimum transaction threshold
USCIS new filing deadline rules: What H-1B and green card filers must know
Bought a term plan? 9 things your nominee needs to know before filing a claim
400 crore on Boldfit: The Wealth Company's big bet on India's fitness boom
The 400 crore muscle behind Boldfit's growth story
RBI widens ambit of forex risk reserve requirement, tightens NDF rules
The first set of new rules mandated that banks make a 20% cash deposit with the RBI for FX derivatives used by their clients to hedge current-account exposures
Adani Ent Share Price Live Updates: Adani Enterprises Climbs Above Key Resistance Level
HDFC Life Share Price Live Updates: HDFC Life Exceeds 100-Day EMA, Reflecting Positive Trend
Grasim Inds Share Price Live Updates: Grasim Inds. Stock Details
Nestle India Share Price Live Updates: Nestle India Shows Positive Momentum Above 20-Day SMA
RBI tightens rupee derivatives rules, widens 20% cash reserve requirement
The move is the latest in a slew of measures announced by the central bank since Saturday aimed at supporting the rupee, which has been falling due to steep oil prices and capital outflows
VRS offer in hand? Check these tax rules before you accept the package
Contemplating a Voluntary Retirement Scheme (VRS)? Prior to making your decision, its crucial to analyze the overall financial implications, including taxation aspects and the treatment of different package components. Be clear on the eligibility for tax breaks and ensure that your financial security after retirement is adequately planned.
Investors shrug off bear party, put big money into equity mutual funds
Equity mutual fund inflows reached a five-month high in September with 38,306.55 crore invested. Small-cap and mid-cap funds attracted significant interest from investors despite market instability. Debt funds faced substantial outflows of 1.83 lakh crore primarily from liquid and money market schemes. The industry's total assets under management decreased by 5.1% as of September 30. Gold ETFs saw inflows surge to 4,451 crore amid increased investor interest in safe-haven assets.
Bank of India classifies Kishore Biyani-promoted Future Enterprises account as fraud
The public sector lender disclosed the classification in a regulatory filing, citing its policy on determining and disclosing material events and information
OnMeta, QazPost tie-up for digital payments infra in Kazakhstan
The partnership brings together QazPosts nationwide distribution network and OnMetas rapidly growing digital payments infrastructure at significant scale
Banks seek operational guidelines on maintaining Foreign Exchange Risk Reserve with RBI
The FERR has been introduced as part of RBIs measures to curb speculation and contain volatility in the forex market
Rupee perks up 96 paise on RBIs weekend measures
The last time the INR had a better opening than todays was on February 3, 2026, when it opened 111 paise stronger at 90.40 per USD against previous close of 91.51
