20 C 
UCO Bank Q2 net jumps 26.76% at 785.64 crore, aims at 12-14% credit growth for FY27
Net interest margin on a global basis held at 3.00 per cent compared with 2.90 per cent in the year-ago period
L&T Finance PAT up 33% on cost-efficiency in Q2FY27
The gross disbursals increased 27 per cent% to 24,027 crore on a year-on-year basis but stayed flat sequentially
Deposits and advances see robust growth in H1FY27
All scheduled banks reported deposit and advances grew9.93 per cent y-o-y and 11.27 per cent y-o-y
SC upholds Bombay HC order quashing Yes Bank AT-1 write-off
Liability may exceed 13,000 crore; shares plunge 14.43 per cent
Kotak Mutual Fund halts subscriptions in two Yes Bank AT-1 bond schemes after SC order
Kotak Mahindra Mutual Fund suspended subscriptions in two debt schemes holding Yes Bank AT1 bonds after the Supreme Court overturned their Rs 8,415 crore write-off. The fund house is reviewing the judgment to determine its next course of action.
HDFC Life Q2 net up 13.6% at 508 crore, net premium income rises 15.7%
The life insurer had registered a net profit of 447.15 crore for the second quarter of last fiscal year, and its net premium income increased to 21,727.37 crore in Q2FY27 from 18,777 crore in Q2FY26
The second life of gifts: Why Diwali giving need not end at unwrapping
From luxury resale and regifting to charitable auctions and the circular economy, gifts are finding second lives. This Diwali, the question is not just what we give, but what happens to it afterwards
Irdai's proposed distribution reforms aim for orderly transition: Ajay Seth
Irdai chief Ajay Seth says distribution reforms aim to improve efficiency without disrupting existing business models; Public Insurance Registry beta is due by January 2028
Canara Bank expects to beat FY27 growth guidance, sees NIM improving
The banks global business grew 15.88 per cent year-on-year to 30.72 lakh crore
Fund Review: HDFC Large Cap Fund
Fund Review: HDFC Large Cap Fund
No right of first refusal to Fairfax for residual stake sale in IDBI Bank
The decision comes amid open-market alternatives for minority stake sales and follows a Supreme Court ruling on Hindustan Zinc that influenced the ROFR discussion.
Insurance reforms: IRDAI chief says job loss concerns are misplaced
The regulator says proposals to overhaul the insurance sector are intended to improve the system while creating opportunities for businesses and policyholders
What Akash Ambani said Jio tariff hikes ahead of record IPO launch
Akash Ambani said Jio can raise mobile tariffs but prefers growing revenue through digital services, broadband and enterprise solutions. Ahead of its Rs 30,213 crore IPO, Jio aims to expand margins and connect 100 million homes.
Cemindia Projects raised Rs 1,400 crore through a qualified institutional placement priced at Rs 1,108 per share, attracting 2.3 times demand over the base issue. Leading mutual funds participated as the company secured strong credit ratings and shares rallied.
Indian Bank reports 15% rise in net profit, NII rises 18%
Total deposits increased by 12.5% YoY and reached 8,74,036 Cr as of September 2026
Karnataka Bank launches nine new banking solutions under Nava Dhamaka 2026
The new offerings span online trading, mobile banking, digital collections, AI-enabled customer outreach and dedicated credit support for startups
Sundaram Finance Ltd increasesdeposit interest rates
The move, which widens the rate gap between regular and senior accounts, aims to attract more funds amid shifting market rates
Will government announce DA hike after Dussehra?
Wife got Rs 50 lakh permanent alimony and divorce even though she couldnt prove husbands affair with maid; Know how she won case in Patna HC
Eternal SBI Card launched: SBI credit card offers 10% discount and 5% cashback with limits
5 public sector banks post 15-25% credit growth in Q2FY27
Credit demand remained firm across agriculture, industry, services and personal loans, according to the latest RBI sectoral data
Tatkal NPS now available on BHIM app: How to open NPS account in 3 steps
The Tatkal National Pension Scheme (NPS) is now available through the BHIM Payments App for eligible bank customers. This feature simplifies account creation without the need for a physical bank visit.
RBI committed to remain vigilant of emerging vulnerabilities, keep financial system resilient: Guv
Speaking at the Kautilya Economic Conclave, he outlined five policy priorities, stressing that financial stability should strengthen the systems ability to withstand and contain shocks
ICICI Life Insurance targets 20,000 new women advisors by FY2027 under Narishakti drive
The company currently has over 78,000 women advisors, who constitute around 32% of its total advisor base but contribute approximately 45 per cent of its agency business, as of September 30, 2026
RIL, Eternal, and HDFC Bank among 11 stocks owned by 600+ mutual fund schemes in September
ICICI Bank, HDFC Bank, SBI, Bharti Airtel and Reliance Industries are among 11 stocks held by more than 600 mutual fund schemes in September, according to ACE MF data. Eternal, Infosys, Axis Bank, L&T, Kotak Mahindra Bank and M&M also feature among the most widely held stocks across mutual fund portfolios.
Supreme Court rules YES Bank's AT1 bond write-off illegal
Shares of Yes Bank fell 13% on Thursday after the news.
Retired employee sent income tax notice for Rs 9.04 lakh leave encashment, she wins case in ITAT Jaipur; Know how leave encashment is taxed for private and government employees in India.
Mutual fund investments in September: Which sectors are gaining the most?
Mutual funds increased exposure to Healthcare, Metals, Private Banks and other sectors in September, while trimming weights in Technology, Automobiles and PSU Banks. Motilal Oswal's report also highlights sector-wise changes in portfolio values and mutual fund ownership relative to the BSE 200.
Indian Bank Q2 net profit rises 15% to 3,462 cr
The banks gross NPAs moderated to 1.61% of gross advances at the end of September 2026 compared to 2.6% a year ago.
After redevelopment of housing society, homeowner sold his flat for Rs 1.95 crore, pays no tax, got tax notice, wins case in ITAT Mumbai for this reason
Swiggy and Groww among top 5 midcap stocks that saw highest mutual fund buying in September
Swiggy, Groww parent Billionbrains Garage, Patanjali Foods, Astral, and PB Fintech emerged as the top five mid-cap stocks attracting the highest net buying from mutual funds in September, according to a Motilal Oswal report. Swiggy led the inflows with a Rs 6.3 billion value increase during the month.
Mr Anwar believed that the flat would be delivered after disposal of the litigation. However, after waiting for another 3 years, he came to Patna (from USA) in September 2011 and went to the builder with his sister to inquire about the same.Allegedly, one of the directors of the construction company refused to hand over the flat, demanding another Rs 20 lakh for possession, and threatened them.
Gold rate today: Gold prices saw a notable dip across major Indian cities on October 15, 2026, with leading jewelers such as Joyalukkas, Malabar Gold & Diamonds, and Kalyan Jewellers announcing lower rates for 22k gold jewellery.
Fairfaxs 52,878 crore bank deal signals zest for India assets
The interest suggests robust appetite for financial services assets as the population of wealthy citizens expands and earnings of the middle class rise
HDFC Bank shares surge 1.60% to 722 as Q2 results weekend nears
Despite the price gains, selling pressure remained firm, with 66.35% of traded volume on the sell side
Indian mutual funds increased cash holdings to Rs 1.83 lakh crore in September, with cash allocation rising to 3.98% of total assets. SBI, HDFC and PPFAS led in cash reserves, reflecting varied investment strategies and liquidity positions amid market uncertainty and potential opportunities for future equity investments.
India may need rate hikes, tax cuts to buoy rupee, analysts say
The RBI can raise its emergency lending rate for banks, making funds more expensive and tightening liquidity to support the rupee
HDFC Defence Fund increase stake in HAL, Mazagon Dock, Bharat Electronics and 7 others in September
HDFC Defence Fund increased its holdings in 10 stocks in September, including Hindustan Aeronautics, Mazagon Dock Shipbuilders and Bharat Electronics, according to ACE MF data. The fund also raised exposure to Bharat Forge, Eicher Motors and Tata Motors. However, it underperformed its benchmark over the three-year period despite stronger shorter-term returns.
Indian Railway annual bonus: The central government has announced a Productivity Linked Bonus for non-gazetted Railway employees for FY 2025-26. Railway employees will receive a bonus calculated at 78 days' basic wages, amounting to Rs 17,951. In contrast, other central government employees receive a significantly lower bonus calculated at 30 days' wages. Various employee associations have demanded an increase in the bonus wage ceiling due to rising inflation.
Silver ETFs fall up to 5% as high oil prices weigh on sentiment. What should investors do?
Silver ETFs fell sharply on Thursday as elevated crude oil prices and uncertainty over US inflation data weighed on sentiment. Experts expect continued volatility amid interest rate concerns, dollar movements and geopolitical tensions. They advise long-term investors to consider accumulating gold and silver gradually while cautioning traders against short selling.
IDBI Bank shares tumble 7.5% after 53,000-cr Fairfax deal
Shares of IDBI Bank surged 9 per cent before the announcement on Wednesday, adding Rs 8,086 crore to its market valuation.
Life Insurance Corporation of India is set to launch three new insurance products on October 19, 2026. These offerings, namely New Jeevan Dhara-II, Health Shield, and New Cancer Cover, have been designed to cater to various financial needs like retirement funds and health insurance. Customers will have easy access to these plans online via LIC's official portal, promising a boost in financial stability for families.
The Delhi Income Tax Appellate Tribunal quashed the assessment against Mr. Sehgal regarding alleged undisclosed cash. The Income Tax Department claimed he received Rs 1.70 crore in cash from a property sale. However, the tribunal noted that the evidence did not sufficiently establish the cash transactions. The tribunal observed that proper cross-examination of involved parties was not conducted.
Rupee continues its winning streak against US dollar
The Indian currency opened stronger, below the 95 level, on Thursday at 94.91 per US Dollar, up 24 paise against the previous close of 95.15. The Rupee is currently trading at 94.9325.
Blacklisted, sued, sold to collectors? The real cost of not paying your credit card bill
Q2 Results Today, 15th October 2026 Live Updates: Stay tuned to get real-time market, business and financial news updates
Adani Ports SEZ Share Price Live Updates: Adani Ports SEZ's current trading status
NTPC Share Price Live Updates: NTPC's Current Price and Long-Term Returns
SBI Share Price Live Updates: SBI's Current Trading Status
Divis Labs Share Price Live Updates: Divis Labs Stock on the Upswing
Thinking about joining the National Pension System (NPS)? The choice you make between accessing e-NPS or utilizing a Point of Presence (PoP) can greatly influence your overall costs for years to come. Grasping the fee structures associated with PoP and any potential extra charges is vital for both newcomers and seasoned subscribers. Uncover the best approach for your retirement investments.
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
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%
ICICI Lombard Q2 net jumps 15.5% at 946.40 crore, combined ratio worsens
During the period under review, the gross premium written grew 9.11% y-o-y at 7,702.09 crore compared with 7,058.86 crore for the corresponding period last fiscal
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
Disputed credit card charge rejected? Know your options to seek redress
Report unauthorised transactions immediately, preserve evidence and pay undisputed dues on time
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.
NABARD fully subscribes to NSDCs ZCZP issuance on the Social Stock Exchange
Funds raised via theaforementioned issuance are aimed atcreatingsustainable overseas employment opportunities for 600 rural youth belonging to OBC in Madhya Pradesh
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
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.
Canara Bank Q2 profit rises 8% to 5,175 cr
Gross NPAs moderated to 1.33% of gross advances at the end of September 2026 as against 2.35% by the year-ago 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
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
Gold rate today: 24k vs 22k vs 20k vs 18k prices
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.
