25 C 
DIIs increase stake in 8 midcap stocks in Q2FY27
DIIs increased their holdings in several NSE midcap stocks during the September 2026 quarter. Swiggy, One97 Communications, Meesho, Cochin Shipyard, Lenskart Solutions, Piramal Finance, APL Apollo Tubes and SBI Cards and Payment Services saw DII shareholding rise by more than 200 basis points quarter-on-quarter, based on StockEdges shareholding scan.
Credit growth likely to see addition up to 2% in the ongoing quarter, says PNB MD Chandra
Ashok Chandra, MD and CEO of Punjab National Bank, has stated that festive demand has significantly driven credit growth
Hailing from Raipur and having spent formative years in Mumbai, this finance enthusiast embarked on a journey in equity markets after earning an MBA. Currently directing multiple funds at Abakkus AMC, they emphasize thorough research and strategic equity investments aimed at sustainable growth. The thrill of navigating the ever-evolving equity landscape fuels their dedication, showcasing a deep passion for the world of finance and investment.
Jio Platforms joins global top 20 patent filers as Reliance readies first IPO in 30 years
Jio Platforms has achieved a significant milestone by entering the global top 20 patent filers as of March 2026. The company has filed over 7,220 patents, focused primarily on next-generation technology areas like 5G and AI. Jio Platforms has also made advancements in satellite communications, which were showcased to India's communications minister.
Jio Platforms' IPO takes its telecom numbers out of Reliance's consolidated results
Jio Platforms is preparing to launch its IPO, poised to enhance its market presence substantially. This listing will disclose critical metrics like its subscriber figures and independent data usage rates. With substantial growth in its customer base and revenue, Reliance Jio Infocomm is on course for what is anticipated to be India's largest IPO.
FPIs pull out 52,100 cr from equities in Oct so far amid global headwinds
Foreign portfolio investors (FPIs) have withdrawn Rs 52,100 crore from Indian equities in October so far, as elevated crude oil prices, higher US bond yields and a stronger dollar weighed on investor sentiment. The latest outflow follows a net withdrawal of Rs 35,861 crore in September. FPIs had invested Rs 20,200 crore in Indian equities in July and Rs 29,631 crore in August, according to data from the Central Depository Services Ltd (CDSL). With the latest selling, cumulative FPI outflow from Indian equities in 2026 has reached Rs 3.12 lakh crore, way higher than the Rs 1.66 lakh crore withdrawn during the entire 2025, the data showed. Dheeraj Gaur, Chief Investment Strategy Officer at Choice Wealth, said FPIs continued to sell Indian equities amid elevated US bond yields, a stronger dollar and rising crude oil prices. Sticky US inflation has also fuelled expectations of a Federal Reserve rate hike, making US assets more attractive to foreign investors, he said. Meanwhile, expen
Yes Bank reports robust 65% jump in net profit at 1,080 cr
SC judgment on AT-I bonds: Bank is evaluating all legal remedies available to it, including such further proceedings as may be maintainable before the Supreme Court.
HDFC Bank reports muted 4.70% increase in Q2 standalone net profit at 19,510 cr
Net interest income rises 10% y-o-y to 34,619 crore
Punjab & Sind Bank records 40% rise in net profit in Q2
Net interest income grows 22% to 1,162 crore
ICICI Bank Q2 profit jumps 20.1% to 14,843 crore; margins come under pressure
Higher interest income and expansion in lending supported earnings, while the cost of FCNR(B) inflows contributed to pressure on margins
HDFC Bank veteran Kaizad Bharucha quits
Bharuchais HDFC Banks longest serving board member, having joined itin 2014
Q2 Results Highlights, 17th October 2026: Stay tuned to get real-time market, business and financial news updates
Axis Bank Q2 profit rises 37.6% to 7,003 crore as provisions fall 52.2%
Higher core income, expanding lending across business segments and lower provisioning costs supported the private sector lenders performance during the September quarter
YES Bank reports quarterly profit but flags impact of Supreme Court ruling on AT-1 bonds
The bank said recognising the rulings impact would have resulted in a quarterly loss of 5,217 crore, according to its filing.
The central government has unveiled a Performance Linked Bonus for postal employees for the fiscal year 2025-26. This bonus will be equivalent to 60 days' emoluments, capped at Rs 7,000. Those eligible include Multi-Tasking Staff (MTS), Group C workers, and non-gazetted Group B members. Additionally, Gramin Dak Sevaks who meet certain criteria will be entitled to an ex-gratia bonus, as detailed by the Department of Posts.
IDBI Bank Q2 results: Net profit falls 39% to 2,205 cr as non-interest income moderates
This is the first quarterly numbers after the government earlier this week approved the sale of a 60.72% stake in IDBI Bank to Canadas Fairfax Financial Holdings for about 53,000 crore
HDFC Bank Deputy MD Kaizad Bharucha quits ahead of Anup Bagchis takeover
The leadership change comes as the countrys largest private sector lender prepares for Anup Bagchi to assume charge later this month.
This TDS reporting form replaces 4 different forms
ICICI Bank Q2 net profit jumps 22% to 16,333 cr
Core net interest income grows 17.7% to 25,339 crore
ICICI Bank Q2 Results: Net profit jumps 20% YoY to Rs 14,843 crore, NII rises 18%
ICICI Bank Q2 Results: Private lender ICICI Bank reported a net profit of Rs 14,843 crore in the second quarter of financial year 2027, marking 20.1% year-on-year increase from Rs 12,359 crore posted in the same period last year.
IDBI Bank stake sale: FinMin cites High Court ruling, Budget speeches to reject irregularity claims
The government has cited legal provisions and past Budget commitments to defend its decision to proceed with the strategic disinvestment of IDBI Bank.
HDFC Bank reports 5% increase in Q2FY27 standalone net profit at 19,510 crore
Net interest income (interest income less interest expended) rose 10% y-o-y to 34,619 crore (31,551.50 crore in Q2FY26)
Axis Bank quarterly profit rises 37.6%, but misses estimates on higher costs
Axis Bank, the country's third-largest private bank by assets, posted a stand-alone net profit of 7,003 crore ($737.5 million) for the quarter ended on September 30
The bank expects agriculture priority-sector lending to sustain its 18% growth, maintaining profitability and improving asset quality in coming quarters
8 small, midcap stocks with upside potential of up to 50%. How many are in your portfolio?
PL Capital remains cautious after the Niftys eight-week losing streak, warning against expectations of a V-shaped recovery. Despite market uncertainty, the brokerage favours eight small and midcap stocks, including CESC, Amber Enterprises and Healthcare Global, citing potential upside of 13-50%.
Financial Services Institutions Bureau to be headed by SCL Das, former Secretary, MSME Ministry
Other Members of the Bureau include Arijit Basu, Satish K Marathe, R Subramanian, Siddhartha Mohanty, Neeja Kapur and T. L. Alamelu
Gold rate today: On October 17, 2026, a rise in gold prices marked a significant shift for leading jewellery retailers, including Tanishq and Malabar Gold.
The Indian government has approved the continuation of the National Social Assistance Programme with significant financial outlay. Changes will be made to pension schemes, including eligibility criteria and assistance rates. The eligibility for disability pension will now depend on 40% disability against the previous 80%. This initiative aims to benefit 3.20 crore individuals across all states and Union Territories.
IDBI Bank sale: Legitimate employee concerns addressed, says MoS, Finance
United Forum of IDBI Officers and Employees expresses shock over DIPAMs claims that it had discussed disinvestment with employee associations
Explained: Want to know how long your investment will take to triple? Use Rule 114
Rule 114 helps investors estimate how long mutual fund investments may take to triple based on expected annual returns. Dividing 114 by the return rate gives the approximate timeframe, supporting long-term financial planning. However, the formula provides only an estimate, as mutual fund returns fluctuate and are never guaranteed.
Mrs. Khanwani, a Dubai resident, faced tax notices for unexplained money linked to her FCNR deposits. The ITAT Jaipur ruled in her favor, highlighting the funds' clear origin from bank records. The Income Tax Department could not dispute the source of funds provided by her husband, Mr. Chand.
REC and Cochin Shipyard among top 5 midcap stocks that saw highest mutual fund selling in September
These top five midcap stocks witnessed the highest net selling by mutual funds in September. Here is a detailed breakup, according to a report by Motilal Oswal Financial Services.
Uttar Pradesh and Kerala will observe public holidays on October 19 and 20, 2026, for Mahanavami and Vijaya Dashmi. Banks will remain closed for three days in Uttar Pradesh and four days in Kerala. Customers should complete any important banking tasks before the holidays begin on October 18. Digital banking services will still be available during these holidays for customer convenience.
192% return on SGB premature redemption: Gold bond turns Rs 1 lakh investment into Rs 2.92 lakh
Sovereign Gold Bond: The Reserve Bank of India has announced the redemption price for Sovereign Gold Bonds 2020-21 Series VII, allowing investors to redeem on October 19, 2026. Priced at Rs 14,614 per unit, this reflects an impressive total return of approximately 192% since its launch.
Q2 Results Today, 17th October 2026 Live Updates: Stay tuned to get real-time market, business and financial news updates
IDBI Bank sale: Keep CCEA decision in abeyance pending independent inquiry, says EAS Sarma
Findings should be presented to Parliament where Ministry of Finance and DIPAM will have a great deal of explaining, says former Secretary to government in letter to Union Finance Minister
Bank holiday today: Today, banks will function as usual across most parts of India, with Tripura being the exception due to the Maha Saptami festivities. The Reserve Bank of India has outlined specific holidays for various October festivals, particularly affecting operations on the second and fourth Saturdays.
From crypto trades to classroom dreams: A 23-year-olds mission to build a school
Aditya Sharma is trying an offbeat route to fund a school in a Rajasthan village that shares its name with a blockchain network
RBI okays Scheme of Amalgamation of Indian branches of Emirates NBD with RBL Bank
All the Indian branches of Emirates NBD will function as branches of RBL Bank Limited with effect from December 01, 2026
PNBs net profit rises 13% in Q2; plans to launch special campaign for RD amid bearish stock mkt
The banks gross non-performing assets (NPAs) moderated to 2.55 per cent of gross advances at the end of September 2026, down from 3.45 per cent a year ago
Federal Bank logs highest ever net profit at 1,386 crore in Q2FY27
NIM rose 26 per cent y-o-y to 3,153 crore
Rupeeflo bets on GIFT City, targets 30% revenue share as Bengaluru-based fintech eyes payments play
Founded in April 2024 by Maurya, Ashish Jha and Manav Bharambe, Rupeeflo began operations in December that year
India's forex reserves fall for fifth straight week to $726 billion: RBI
Rupee's gains continue, reaching over a one-month high
Q2 Results Highlights, 16th October 2026: Stay tuned to get real-time market, business and financial news updates
SBI ups marginal cost of funds-based lending rates by 15 basis points across five tenors
The hike in MCLRs comes in the wake of the RBIs rate setting panel increasing the repo rate by 25 basis points from 5.25 per cent to 5.50 per cent
Yes Banks CET1 ratio to take 250-basis-point hit after AT1 bond ruling
The bank is examining legal options after the ruling, while S&P expects adequate capitalisation despite potential earnings pressure from coupon payments
The Latest Fixed Deposit Interest Rates: Oct 16, 2026
The Latest Fixed Deposit Interest Rates: Oct 16, 2026
The Latest Home Loan Interest Rates: Oct 16, 2026
The Latest Home Loan Interest Rates: Oct 16, 2026
Karur Vysya Bank eyes 1820% credit growth in FY27 on all-round demand
The private sector lender recorded a robust net profit growth of 37.3 per cent y-o-y at 788 crore for the quarter ended September 2026 (Q2FY27)
RBI approves merger of Emirates NBDs India branches with RBL Bank from December 1
The merger follows Emirates NBDs $2.75-billion capital infusion into RBL Bank, completed in June after regulatory approvals and a mandatory open offer.
Home loan borrower alert: SBI, PNB, Bank of India and other banks revise repo-linked lending rates
Leading mutual fund houses such as Tata Mutual Fund and HDFC Mutual Fund have suspended fresh investments in their gold fund-of-funds. The halt comes as a response to macroeconomic factors affecting gold imports and the value of the rupee. Existing investments in these funds remain unaffected, allowing ongoing systematic plans to continue. New investors now have alternative options for gold exposure, including direct investments in Gold ETFs.
Canara HSBC Life launches Dollar-denominated ULIP for NRIs via GIFT City on Policybazaar
The product allows policyholders to invest across global equities, precious metals including gold and silver, and debt funds
EPFO WhatsApp channel: Can you access EPF, EPS and EDLI services? How to join
EPFO has introduced a new WhatsApp channel to keep subscribers informed about its schemes and services, attracting around two lakh users so far. The channel provides insights into the Employees Provident Fund, Employees Pension Scheme, and Employees Deposit Linked Insurance.
Can a Rs 10,000 monthly SIP build a Rs 2 crore corpus? Check how long it may take
A Rs 10,000 monthly mutual fund SIP could build a Rs 2 crore corpus in 25 years and six months at 12% annual returns. Increasing contributions annually by 5% or 10% could shorten the timeline to 22 years and nine months or 20 years and one month, respectively.
Motilal Oswal Mutual Fund: Kalyan Jewellers, MCX, Paytm among top 10 stock holdings in September
Motilal Oswal Mutual Fund held an AUM of Rs 1.70 lakh crore across 93 funds as of September 30, 2026. According to a report by Motilal Oswal Financial Services, One 97 Communications, Eternal, Kalyan Jewellers, MCX, and Sterlite Technologies featured among the fund house's top 10 equity portfolio holdings.
Sunil Singhania-founded Abakkus Flexi Cap Fund increased holdings in Reliance Industries, HDFC Bank, Groww and 32 other stocks in September. The fund also added Zydus Lifesciences, exited Cyient DLM and trimmed stakes in two stocks.
Cognizant India CMD Rajesh Varrier joins Federal Banks Board of Directors
A tech industry veteran,Varrier has previously served as the EVP, Head of Global Services at Infosys Americas as well as Global Head of Infosys Digital and Microsoft businesses and the CIO and Digital Officer for Aditya Birla Sun Life Insurance.
Govt raises disability pension to Rs 375, removes age limit: Who qualifies
Revised rules lower disability threshold from 80% to 40%, allowing more people to qualify for monthly assistance under the revamped scheme
NRI capital gains tax: When can you use the basic exemption limit to lower your income tax bill?
For non-resident Indians, leveraging the basic exemption limit can help mitigate normal slab rate taxes on capital gains. However, it's important to note that this exemption does not apply to capital gains taxed at special rates, such as short-term capital gains derived from listed bonds. This stipulation is clearly defined in the Income Tax law, and tax treaties may additionally offer advantages depending on the NRI's country of residence.
Vedanta Power and Cupid among top 5 smallcap stocks that saw highest mutual fund buying in September
Five smallcap stocks saw the highest net buying by mutual funds in September, according to Motilal Oswal Financial Services. Cupid led the list, with a 337.7% month-on-month rise in value change, followed by Bharat Coking, Vedanta Power, Godawari Power and Natco Pharma.
ICICI Bank Q2 Results Preview: PAT, NII may rise up to 21% YoY; margins, deposit growth in focus
ICICI Bank is expected to report 15.8-18% year-on-year growth in net interest income and 15-21% growth in profit after tax in Q2FY27, according to brokerage estimates. Investors will track net interest margins, loan and deposit growth, operating profitability and asset quality, with margin pressure and provisioning trends remaining key monitorables.
Gold prices at various leading jewellery outlets showed no fluctuation on October 16, 2026, staying steady compared to the previous day. Nevertheless, indicative prices for gold and silver jewellery surged according to the India Bullion and Jewellers Association.
As SBI home loan rates rise, how you can save more
Mutual funds bar fresh investments in Gold ETF FoFs. What are the rules for existing SIP investors?
Seventeen mutual fund houses have temporarily restricted fresh investments in specified gold exchange-traded fund-of-funds (FoFs), including lumpsum contributions, new SIPs and switch-ins. Existing SIPs and redemptions generally remain permitted, subject to scheme-specific conditions.
Indias IPO league table: How the largest listings opened
Jio Platforms is set to launch its IPO bidding on October 21, offering 27 crore shares without any offer for sale. The price band is set between 1,065 and 1,119 per share, targeting a total of 30,213 crore. Following recent IPOs like Hyundai and LIC, which struggled below their original prices, market sentiment is now emphasizing profitability. Analysts will closely monitor Jio's listing amid this competitive landscape.
From building wealth in the AI age and identifying investment opportunities to protecting assets, planning for retirement and transferring wealth across generations, Day 1 of ET Wealth Expo 2026 will bring together leading financial experts to explore the three pillars of long-term wealth management: Build, Protect and Legacy.
A man from Sikar faced a penalty of Rs 3.99 lakh for under-reporting his income. The Income Tax Department initiated penalty proceedings after he filed an income tax return. However, the ITAT Jaipur found technical mistakes in the penalty notice issued by the Assessing Officer. They noted the absence of specified violation under Section 270A(9) in the penalty proceedings. Consequently, the penalty was quashed, providing full relief to the taxpayer.
Banks seek RBI relief, clarity on India's latest rupee-defence measures
Banks urge RBI to replace 20% cash deposit for hedges with flat fee; seek higher minimum deposits amid rupee volatility
Fairfax proposes to contributeits interests in Digit, IIFL Capital to IDBI Bank
Fairfax CEO emphasises that combining IDBI Bank, Digit, and IIFL Capital would create an entity that is well-positioned to participate in the continued growth and success of Indian markets
ADB, Japan back AM Greens renewable ammonia plant in Kakinada
The investment includes a $100 million loan from Asias Private Infrastructure Fund 2, financed by the JICA and administered by ADB
Britannia Share Price Live Updates: Britannia's Current Market Position
Jio IPO: Reliances newest listing meets a market its 1977 investors wouldnt recognise
Jio is set to enter a competitive market with its IPO, which marks Reliance's first offering since 2006. The shift from physical share certificates to demat accounts has greatly streamlined investor experiences over the years. Investors will benefit from reforms that include blocked amounts and faster listing times. The proposed IPO will cater to a considerably larger base of individual investors than previous offerings.
Tata Consumer Share Price Live Updates: Tata Consumer's Daily Performance Update
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Q2 Results Today, 16th October 2026 Live Updates: Stay tuned to get real-time market, business and financial news updates
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6-month emergency fund with Rs 50,000 salary: While calculating the amount, you should count everything that still needs to be paid even when salary stops. So, where should you put this money and how much should you invest every month to hit the target faster? Moreover, an individual who is single and has no dependents may not need the same amount of emergency fund as someone with a family.
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
Govt withdraws tax benefit for banks on gold, silver, platinum imports
This is done to ensure parity of taxes imposed on imports of gold and other metals through different routes, Revenue Secretary says
