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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
IRDAI may extend consultation, implementation timelines for distribution reforms
With the Oct 25 feedback deadline likely to stretch, regulators may widen chats and roll out changes in steps after the next financial year
RBL Bank PAT doubles to 481.7 crore on FCNR(B) boost in Q2FY27
Net interest income increased 37.4 per cent to 2131 crore
Karnataka Bank launches digital platform for forex services
The platform is designed to support the evolving requirements of businesses engaged in international trade and individuals undertaking foreign remittances by providing a seamless, secure and efficient digital channel
NFO Alert: Invesco Mutual Funds SummitSIF launches active asset allocator long-short fund
Invesco Mutual Funds Summit SIF has launched the Summit Active Asset Allocator Long-Short Fund, an interval investment strategy offering exposure to multiple arbitrage opportunities across equities, debt, indices, commodities and special situations. The new fund offer is open for subscription until October 26, with a minimum investment of Rs 10 lakh for investors.
HDFC Bank offers up to Rs 70,000 savings on credit cards
Revised Form 161: How taxpayers can seek penalty waiver and avoid litigation
Tenant ordered to pay Rs 24 lakh for unauthorised stay after failing to prove landlords wanted to evict without giving back Rs 10 lakh security amount; Delhi HC order explained.
Indian mutual funds launched 28 open-ended NFOs in September, collecting Rs 2,708 crore according to AMFI data. Equity and index categories led collections, driven by strong investor interest in sector-specific offerings, including the Tata CRISIL-IBX Financial Services 3-6 Months Debt Index Fund which raised Rs 544 crore.
Viyona Fintech expands opeartions to Zimbabwe
The move aligns with the upcoming rollout ofViyona Tap & Pay, an NFC-based SoftPOS solution designed to turn commercial Android smartphones into contactless payment terminals
Pensioners who rely on the State Bank of India for their pensions have several options to submit their life certificates. Those who are 80 years old or older should do so in October 2026, while others can submit theirs between November 1 and 30. For ease, submissions can be made digitally via the Jeevan Pramaan portal or the UMANG app.
Husband wanted divorce, citing that they have no children in 19 years of marriage despite her undergoing treatment; Madras HC says childlessness cant be a ground for divorce.
Ace investor Dolly Khanna trimmed her stake in Chennai Petroleum Corporation by around 3.85 lakh shares in Q2 FY27. The stock has delivered multibagger returns over three and five years, despite recent monthly weakness.
Financial services deal value jumps 129% to $7.3 bn on IPOs, big-ticket M&A
Excluding IPOs and QIPs, M&A and PE/VC activity comprised 58 transactions worth $3 billion.
Recent speculation on social media suggests that a new GST has been introduced for e-commerce delivery services. However, the Press Information Bureau has clarified that instead, the GST rate has been lowered from 18% to 5%. This amendment was part of the 57th GST Council meeting recommendations, aiming for a standardized tax structure.
FIIs cut stakes in 12 stocks in September quarter; shares fall up to 27% in 3 months
FIIs reduced stakes in 36 of 68 BSE 500 companies reporting September-quarter shareholding data. Twelve stocks fell up to 27% over three months as foreign investors trimmed holdings.
Ashok Leyland partners with Tamilnad Mercantile Bank for providing vehicle finance facilities
Under this partnership, TMB will be able to provide end-to-end financial solutions to the customers of Ashok Leyland
Parag Parikh Flexi Cap Fund added 13 stocks and exited The Great Eastern Shipping Company in September. Its portfolio shrank to 33 stocks, while cash, debt, money market instruments and arbitrage positions accounted for 9.77% of holdings.
AMFI Data: MF SIP inflows hit record high of Rs 32,490 crore in September
Mutual fund SIP inflows touched a record Rs 32,490 crore in September, rising 11% year-on-year. Equity mutual fund inflows surged 31% month-on-month to Rs 38,306 crore, led by smallcap funds, which attracted a record Rs 9,038 crore for the third consecutive month as the top category. Meanwhile, ELSS funds recorded net outflows for the 14th straight month.
FD rate cut from 7.75% to 3.5%; Delhi HC rejects it
Gold rate today: 24k vs 22k vs 20k vs 18k price
In September, equity mutual fund inflows surged by 31% month-on-month, totaling Rs 38,306 crore. Smallcap mutual funds notably drew in record inflows of Rs 9,038 crore for the third month straight. Conversely, debt funds experienced a considerable outflow of Rs 1.83 lakh crore. Mid cap and flexi cap funds also enjoyed significant inflows, while ELSS funds continued their streak of net outflows for the 14th consecutive month.
Navigating health insurance claims can be tricky, especially when you have multiple policies. If your hospital bill exceeds your coverage, understanding how to leverage both policies effectively is key. Discover the guidelines from IRDAI, the claiming process, and essential tips to avoid common pitfalls when filing claims with two insurers.
The Mirae Asset NYSE FANG+ ETF FoF has delivered an impressive five-year CAGR of around 39%, clearly outpacing its peers, particularly during the US tech stock surge. However, 2022 marked a considerable downturn for the fund, prompting experts to recommend caution with international investments, given rising premiums and fluctuating markets. For optimal long-term outcomes, investors should consider a well-balanced domestic equity portfolio.
In line with the change in MPC stance to calibrated tightening, RBI raised daily CRR from 90% to 99%
BPCL Share Price Live Updates: BPCL's Current Market Position
Best tax saving mutual funds or ELSS to invest in October 2026
Tax saving mutual funds or ELSSs invest in stocks. Therefore, they have a very high risk. You should be aware of this aspect, especially if you are a first-time investor in equity mutual funds. Compared to your usual investments like Public Provident Fund or National Savings Certificate, etc, ELSSs do not offer guaranteed returns. You may even suffer losses in a bad market.
Bajaj Auto Share Price Live Updates: Bajaj Auto's Positive Trend in Market
Instant loan, instant regret? What to check before you tap apply on a loan app
Tech Mahindra Share Price Live Updates: Tech Mahindra's Current Price Analysis
Titan Company Share Price Live Updates: Titan Company stock price drops slightly
Tata Motors PV Share Price Live Updates: Tata Motors PV News
Power Grid Share Price Live Updates: Power Grid's Current Trading Status
Hindalco Share Price Live Updates: Hindalco Stock Details
Bajaj Finance Share Price Live Updates: Bajaj Finance Sees Minor Price Increase
UPI MDR may push costs onto consumers despite surcharge ban: IIT Bombay report
The revised fee framework for Unified Payments Interface (UPI) transactions could indirectly burden consumers through higher retail prices, even as merchants are barred from directly passing on the charges, an IIT Bombay report has warned, calling for changes to the proposed model. The report estimates that the Merchant Discount Rate (MDR) framework could generate around Rs 18,000 crore annually for payment service providers. However, it argues that businesses may incorporate the additional expense into their general selling prices to protect profit margins, potentially making even customers undertaking transactions below Rs 2,000 bear part of the cost.
Eicher Motors Share Price Live Updates: Eicher Motors' stock price rises amid market fluctuations
Sun Pharma Share Price Live Updates: Sun Pharma's Current Trading Status
Diwali Sale 2026: How to save on fridges and ACs
Online sales of big appliances are growing at 25% as the festive sales begin. With prices rising and bank offers everywhere, here is how to decide where to buy, and which card can cut your bill.
Good time to increase equity allocation: UTI AMC CEO
Vetri Subramaniam took over as Managing Director (MD) and Chief Executive Officer (CEO) of UTI Asset Management Company in February this year. In this discussion with Sanket Dhanorkar, he shares his market outlook and the fund houses strategy to improve performance.
How IRR reveals the real impact of investment timing
The timing of investments and withdrawals can change investment returns. IRR helps measure that impact.
Repo rate hike: How to reduce your home loan burden
Extending the tenure instead of raising EMIs will push up the interest outgo on your home loan.
GST reforms: Simpler compliance, lower litigation
The latest changes proposed by the GST Council will help cut costs and ease cash flow for companies.
Sebis colour-coded Credit Risk-o-Meter for bonds
Sebi has mandated a new colour-coded Credit Risk-o-Meter for all debt securities. This tool aims to provide transparent risk assessment to investors prior to investments. It categorizes risk levels with distinct colors representing credit ratings. Additionally, issuers must comply with standardized disclosures regarding unsecured bonds. This initiative is expected to enhance investor understanding and facilitate informed decision-making in the bond market.
India vs US: How parents plan for retirement
In the US, parents tend to protect their assets for their own use in retirement, and choose to not spend it disproportionately on their childrens education or marriage. In India, there is a clear understanding that the assets accumulated by parents will be bequeathed by their children, for many of whom it is a major wealth transfer.
Visa rejection: Will travel insurance reimburse you?
Some insurers now reimburse visa fees if your application is rejected. But modest payouts, exclusions and multiple conditions can limit the covers value.
Does office critical illness cover suffice?
The distinction matters for how HR teams design the benefit. A fixed benefit CI policy addresses income replacement and non medical costs that a health insurance policy does not cover, e.g. months of lost salary and family support during recovery. An indemnity CI policy addresses treatment cost coverage for critical conditions specifically.
Asset allocation 2026: Gold holds top spot
Welcome to TrendMap, your guide to the performance of different investment segments. In this edition, we present a 10-year performance tracker of various asset classes. By Sameer Bhardwaj
Banks set for mixed Q2 show as NIMs weaken despite profit growth
PAT growth for the top five lenders is estimated at 7-17 per cent year-on-year, while NIMs are expected to contract across most banks
What happens when merchants pass on UPI MDR costs to customers?
An IIT Bombay study mentions two aftereffects: First, consumers who purchase goods/services for more than 2,000 pay a higher price; second, the higher selling prices percolate even to those making purchases of less than 2,000
UPI MDR framework needs rationalisation to protect public trust: Report
Proposed merchant discount rate (MDR) framework for Unified Payments Interface (UPI) transactions needs to be rationalised before implementation to protect public trust in the digital payments system, according to a report. UPI, a public digital infrastructure, has generated significant convenience for users and productivity gains for the economy, with its long-term economic benefits outweighing the incremental income that could accrue from merchant transaction fees, the report titled 'UPI at a Crossroads: Reintroducing the MDR' released by IIT Bombay said. It cautioned that public trust in UPI could be undermined if the proposed MDR framework is implemented in its present form, stressing the need to ensure that the digital payments platform does not attract negative sentiment among users. The report suggested that merchants with annual turnover of Rs 50 crore or more are mandated by law to provide UPI as a means for accepting payments. Accordingly, the remuneration for the UPI ...
Focus on actual payouts, not just claim settlement ratios: IRDAI Chairman
The Insurance Regulatory and Development Authority of India (IRDAI) is confident of curbing misseling with the help of proposed reforms
Sunil Singhania-led Abakkus MF, JioBlackRock MF file draft documents with Sebi for 6 new funds
Abakkus Mutual Fund and JioBlackRock Mutual Fund have filed draft scheme documents with Sebi for six proposed launches. The offerings include three hybrid funds, two target maturity index funds and a silver ETF.
International mutual funds top return chart last week, offer up to 11% gains. Check top 5 performers
International mutual funds topped the returns chart for the week ended October 9, with the Mirae Asset NYSE FANG+ ETF FoF leading the pack with 10.66% returns. Of 626 funds, 148 delivered positive returns, while 474 posted losses.
Neighbour claiming your property? Your sale deeds boundary details could be crucial
In a significant legal clash in Bangalore, Mr. Thimmadasappa defended his land rights against K.M. Venkatamuniyappa's unfounded claim that he owned the land through a rectification deed. The Court decisively ruled that ownership cannot be established without valid documentation, reinforcing the notion that meticulous property records are essential to prevent disputes.
Quant Small Cap Fund exited ICICI Bank and five other stocks in September while trimming its holdings in six stocks, including Zydus Wellness. The fund also added six new stocks to its portfolio and increased its stake in 10 others, according to its monthly portfolio disclosure.
When do you need a tax residency certificate to claim lower tax rate under DTAA for Tax Year 2026
For Indians earning income from overseas, securing a tax residency certificate is essential to avail benefits under the Double Taxation Avoidance Agreement (DTAA). To acquire this certificate, taxpayers must complete Form 42 online via the income tax e-filing portal. This form necessitates accurate details and supporting documents to confirm residency status.
JioBlackRock Mutual Fund sees a more attractive risk-reward equation in equities after the recent market correction but cautions that a sustained recovery remains uncertain. In debt, it favours target maturity funds for investors with defined horizons, while recommending cash and money market funds for those with near-term liquidity needs.
For giving up 2,839 sq. metres of land, BBMP gives landowner TDRs which landowner sells to builder for Rs 6 crore; Income Tax Dept sends notice; ITAT Bangalore rules TDR sale attracts capital gains tax
RBI tightens forex derivatives framework to ensure orderly functioning of market
Banks required to maintain a Foreign Exchange Risk Reserve in cash with RBI; Central Bank to open a special window to meet the entire daily dollar needs of three public sector oil marketing companies
Explained: How mutual fund SIPs harness the power of compounding to build wealth
Compounding can help mutual fund investors build long-term wealth by generating returns on accumulated gains. Through regular SIP investments, even small contributions can grow significantly over time. An example of a Rs 10,000 monthly SIP over 20 years shows how starting early, staying consistent and remaining invested can boost wealth creation.
The biggest misconception about no-cost EMI is that the bank doesn't charge any interest. In a no-cost EMI, the seller readjusts the interest amount so that the sum of all the EMIs adds up to the price you would pay upfront. However, interest still exists, and interest attracts GST. So, among A, B, and C, who would end up saving the most? Find out here.
FD rate up to 8.25% for senior citizens investing for five years; know the list of banks
Currently, multiple banks are offering attractive fixed deposit interest rates that go up to 8.25% specifically for senior citizens. Suryoday Small Finance Bank stands out, boasting the highest rate for five-year deposits. While many banks propose rates hovering between 5.75% and 7.77%.
8th Pay Commission: Rs 18,000 to Rs 69,000 minimum pay? What pensioners body hasproposed
The 8th Pay Commission recently held meetings in Bengaluru with several pensioners' organizations for discussions. Recommendations included raising the minimum basic pay to Rs 69,000 and pension to Rs 34,470. Suggestions also proposed merging existing pay scales and updating the Aykroyd formula to meet modern needs. Moreover, the annual increment rate was recommended to increase from 3% to 6% for better employee motivation.
On October 10, 2026, banking services will be suspended due to the second Saturday of the month coinciding with Mahalaya Amavasye celebrated in Karnataka and West Bengal. Following the Reserve Bank of Indias directives, banks close on the second and fourth Saturdays. With various festivals and holidays marked in October, it's essential for customers to plan their banking transactions wisely ahead of this date.
Juspay FY26 revenue rises 30% to 664 crore; reports 90 crore net loss
The Bengaluru-based companys revenue has more than tripled from 213 crore in FY23, translating into a compound annual growth rate of around 46% per cent
RBI OMO sale fears spur bond sell-off; 10-year G-Sec hits three year high
Yield rises to 7.31 per cent as traders brace for more RBI liquidity absorption, sticky inflation and a higher rate trajectory
Life insurers first-year premium up 20.6% at 2.46 lakh cr in H1 FY26: IRDAI
The LIC continued to dominate the market, with its first-year premium increasing 19.3 per cent to 1.44 lakh crore during the six-month period
Liquidity surplus: RBI increases minimum daily maintenance of CRR
The banking system liquidity is reeling under liquidity surplus emanating from banks mobilising FCNR(B) deposits aggregating $133 billion between June 8 and August 31
Investment tourism could be GIFT Citys next big growth driver
The Latest Home Loan Interest Rates: Oct 09, 2026
The Latest Home Loan Interest Rates: Oct 09, 2026
Poonawalla Fincorps net profit soars five times to 375 cr in Q2FY27
Robust growth in net interest income and loans portfolio boost profit numbers
Rupee may face headwindsfroma robust US dollar, elevated import cost: RBIs MPR
Any escalation in geopolitical tensions likely to put pressure on the rupee, says report
On October 8, 2026, the Central Board of Direct Taxes introduced a revised Form 161 for taxpayers. This new form allows eligible individuals to apply for a waiver of penalty related to misreported income. Taxpayers must meet specific statutory conditions when applying for this relief through the amended form. The application process requires timely tax payments and cannot involve pending appeals.
Starting October 11, 2026, Shriram Finance Limited is set to increase interest rates on fixed deposits, enhancing returns for all depositors regardless of tenure. Senior citizens and women will benefit from even higher rates, and those renewing matured deposits can expect additional interest perks. Investors should carefully review the terms and conditions prior to making investments in fixed deposits.
ShriramFinance ups FD rates by up to 40 basis points
On October 7th, when RBIs rate setting panel raised the repo rate, Bajaj Finance increased interest rates on its FDs by 15 to 40 bps across all tenures with immediate effect
Shopping this Navratri? BOBCARD offers discounts on Swiggy, AJIO, jewellery and groceries
Axis Mutual Fund has entered the specialised investment fund category with Accelerate SIF, focusing on risk-adjusted returns and disciplined portfolio management. Nandik Mallik will lead the initiative, with equity and hybrid product launches planned soon.
Parag Parikh Flexi Cap Fund added 13 stocks to its portfolio in September, including DLF, Bharti Airtel, Petronet LNG and Indus Towers, while exiting The Great Eastern Shipping Company. The fund held 33 stocks during the month, compared with 34 in August, and did not reduce its exposure to any stock. Its assets under management stood at Rs 1.45 lakh crore, with 9.77% held in cash, debt, money market instruments and arbitrage positions.
RBI's longer-tenure VRRR auctions receive tepid response as banks prefer shorter maturities
RBI received bids worth 18,170 crore against the notified amount of 1.50 lakh crore in its 10-day VRRR auction on Friday
Senior citizens often invest in Senior Citizens Savings Scheme and SBI fixed deposits for income. SCSS offers an 8.2% interest per annum with quarterly payouts, beneficial for regular cash flow. In contrast, SBI's senior citizen fixed deposit provides a lower rate of 7.05% with less frequent interest payouts. An investment of Rs 7 lakh in SCSS yields higher returns compared to the SBI fixed deposit.
The rise of artificial intelligence is transforming how we analyze data and derive investment insights, yet human judgment plays an irreplaceable role in decision-making processes. Experts caution that merely processing data doesnt assure favorable investment results. Investors should evaluate which insights resonate with their financial goals and risk levels. Financial advisors must embrace technology while safeguarding skills in communication and accountability, particularly during market fluctuations.
A teacher was approved for working till 62 years age however, she was denied gratuity payment on the ground that the retirement age was 60 so she should have exercised the gratuity option at 60 and not 62 years age.
