20 C 
UPS contributions: Centre clarifies rules for probation, suspension & leave
The latest instructions also cover delayed deposits, restoration of investment units and who processes retirement benefits for employees on deputation.
Sebi makes direct plans default: Know how much investors can save on SIPs
Investors opting for regular plans will have to be informed about their higher costs, as the regulator seeks to improve transparency and protect mutual fund investors
Aditya Birla Capital net up 38% in Q2
Revenue jumps 31% to 16,545 crore; the overall lending AUM (NBFC and Housing Finance) grew by 32% year-on-year to 2.34 lakh crore
ADB approves $139.55 million loan to upgrade urban infrastructure, water supply in Puducherry
The Asian Development Bank approved a $139.55 million loan to Puducherry to upgrade water, sewer networks, desalination capacity, drainage, and governance
RBI hikes FRB 2034 interest rate to 7.26%: How much can you earn on Rs 5 lakh investment?
The Reserve Bank of India has declared a new interest rate of 7.26% per annum for the Government of India Floating Rate Bond 2034, reflecting an increase from the earlier rate of 6.45%. This updated rate will be effective from October 30, 2026, to April 29, 2027, allowing investors to earn more on their six-monthly coupon payments.
North Korean hackers suspected in $6.3 billion Binance cryptocurrency theft
Blockchain intelligence firms have linked the record cryptocurrency theft to a North Korean hacking group, while Binance says it will cover losses
Vivek Kannan has been appointed as the chief executive officer of Hinduja Housing Finance Limited. He succeeded Sachin Pillai, who stepped down but remains on the board as a non-executive director. Kannan joined the company as Chief Operating Officer in 2020 and contributed significantly to its growth and transformation. With over two decades of experience, he has held leadership roles in various financial institutions.
Swarup Mohanty of Mirae Asset urged investors to focus on the consistency and quality of their investment decisions rather than market movements. At the ET Wealth Expo, he stressed that financial goals should drive asset allocation, cautioned against chasing past returns and highlighted the importance of buying good businesses at reasonable valuations.
AU Small Finance Bank probes potential data leak on Salesforce platform
The lender says its banking systems and services remain unaffected; the investigation follows a hacking group's claim that it accessed KYC, loan and other customer records
AU Small Finance Bank probes potential data leak
The bank's own systems remain unaffected and all banking services are operating normally
Gold rate today: 24k vs 22k vs 20k vs 18k prices
India PE/VC inflows surge 46% y-o-y to $17.1 billion in Q3 2026: Report
According to the EY-IVCA monthly PE/VC roundup, the quarterly total also represented a 124% rise from the $7.6 billion recorded in the second quarter of 2026
Hinduja Housing Finance appoints Vivek Kannan as CEO
Kannan, who joined the company as Chief Operating Officer in 2020, succeeds Sachin Pillai, who stepped down as Managing Director of the housing finance company on October 29
Anti-asset allocation: Why buying after a surge hurts returns, says S Naren
Bitcoin stolen in Binance hack is likely gone, Ballet says
The exchange says about $3 billion of the assets have been frozen so far; Lee says only stablecoins stood a realistic chance of being recovered
EPS Pension news: Can EPFO increase minimum pension from 1,000 on November 19?
HDFC Bank drifts lower as week ends
The weeks dominant event remains Wednesdays fresh 52-week low of 669.20, from which the stock has since partially recovered
Around 10 mutual funds and one specialised investment fund (SIF) are currently open for subscription, offering investors options across silver, debt, thematic, multi-asset and equity categories. Here is a look at their minimum investment amounts and subscription closing dates.
Since last Diwali, TRUSTMF Small Cap Fund has delivered an impressive return of 19.82%, exceeding expectations against its benchmark. The fund manager credits strategic investments concentrated in industrials, healthcare, and consumer sectors for this success. Although small-cap investments are known for their growth prospects, they necessitate careful management and patience. Experts recommend a moderate allocation tailored to individual risk appetites and suggest systematic investment plans for gradual market exposure.
Digital merchant payments likely to recover in Oct-Nov on festive spending, post Sept dip: Equirus
Digital payments to merchants are expected to recover in October and November, supported by increased spending during the festive season, according to a report by Equirus Securities. The report said digital merchant payments declined 0.8 per cent month-on-month (MoM) to Rs 11.4 trillion in September 2026. However, they registered a growth of 15.7 per cent year-on-year (YoY). UPI person-to-merchant (P2M) transactions recorded a strong growth of 23.3 per cent YoY during September, while credit card spending declined 5.9 per cent. The report attributed the decline in credit card spending mainly to a shift in the festive calendar rather than a slowdown in consumer demand. It noted that Navratri fell in September in 2025, compared with October this year. As a result, September 2025 saw nine days of festive spending, taking credit card expenditure around 13 per cent above the average recorded in July and August 2025.
Tether, Circle freeze $2.38 billion after Binance reports security incident
Tether, which issues the world's largest stablecoin, says it froze nearly $1.57 billion related to the hack, with Circle freezing over $800 million
Coinbase snaps losing streak with third-quarter profit on crypto trading rebound
The company reports a profit of $718.7 million for the quarter ended September 30, compared with $432.6 million last year
Binance hit with security attack impacting assets worth $6.3 billion
Crypto exchange has temporarily suspended deposits and withdrawals and frozen half the impacted assets as a precautionary measure
Q2 Results Today, 30th October 2026 Live Updates: businessline brings to you latest Q2 announcements, earnings updates and more.
Employees at the Bina branch of India Post defrauded depositors out of Rs 36.4 lakh through forged documents. The Madhya Pradesh High Court has ordered the postal department to refund the victims with applicable interest. This decision follows a case where the victims were misled by unauthorized employees posing as authorized staff. The High Court's ruling emphasizes the trust placed in the postal employees by the victims.
India housing market: Unsold stock up 12%, affordable homes gain ground; should you buy now or wait?
Govt, LIC to get benefit from residual stake in IDBI Bank upside
The government is offloading 30.48% of its stake and expected to get over 26500 crore, while LIC to sell 30.24% and likely to get over 26,300 crore
Tech Mahindra Share Price Live Updates: Tech Mahindra's Price Movement Today
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PNB assures customers of genuine claim settlements after 11.24-crore fraud allegations
The bank is examining complaints, cooperating with authorities and strengthening internal controls as police investigate the alleged misappropriation of customer funds.
IDBI Bank sale: DIPAM explains second bidding round and valuation methodology
The clarification addresses questions over the banks valuation, bidding procedure and tax indemnity as the proposed Rs 53,000-crore transaction progresses.
ARCILs logs 23% increase in standalone Q2 FY27 net profit at 147 crore
Fees and other incomesoared 64 per cent y-o-y to 110 crore (67 crore in Q2 FY26). Investment income jumped 57 per cent y-o-y to 112 crore (71 crore). Total expenses declined 31 per cent y-o-y to 42 crore
Post rate hike, highly rated large companies step up rupee bond issuances
Meanwhile, NABARD is believed to be eyeing a 6,000 crore fund mobilisation via a 5-year NCD issuance, according to market sources
Axis Trusteeship issues notice to Yes Bank to restore/ reactivate AT-1 bonds
ATSL said the aforesaid notice has also been copied to RBI, SEBI, BSE, NSE, and depositories NSDL and CDSL
Suryoday SFB PAT more than doubles in Q2 FY27
The companys other incomes which include fees and investments increased 58.4 per cent% to 126.5 crore in the quarter ended September 2026, from 79.8 crore
Fino Payments Bank reports net loss of 20.9 crore in Q2FY27
Other income declined 24 per cent y-o-y to Rs 259 crore against Rs 340 crore in the year ago quarter
Star Health CFO Nilesh Kambli says insurance distribution rule changes not to cause much disruption
Many group health insurance businesses may shift to retail on the bancassurance channel if the proposed changes take effect in their current form, Kambli says
Chola targets 20-23% AUM growth in FY27, plans 5,000 crore QIP fundraise
Cholamandalam Investment expects 20-23 per cent AUM growth in FY27 and plans a 5,000 crore QIP, as its second-quarter net profit rises 41 per cent to 1,630 crore
India Inc's ECB, FCCB fundraising proposals rise to $8.13 bn in August
Indian companies filed proposals to raise $8.13 billion through ECBs and FCCBs in August, up from $7.70 billion in July, with Flipkart, PFC and other major firms among applicants
Q2 Results Highlights, 29th October 2026: businessline brings to you latest Q2 announcements, earnings updates and more.
ESAF Small Finance Bank post 160 crore profit in Q2 FY27
The banks performance was supported by robust business growth, improved operating efficiency, a stronger secured lending portfolio, and a substantial improvement in asset quality
EPFO plans to invest in AIFs, startups, says report
Supreme Court says banks must compensate digital fraud victims for losses caused by negligence
The court also urged banks to use transaction histories and artificial intelligence to identify suspicious transfers and prevent money from leaving accounts
Axis Bank will implement a new fee structure affecting its domestic and NRI savings accounts. The free cash transaction limit will reduce from four to three transactions or Rs 1 lakh. Minimum balance penalties will also change, particularly for semi-urban and rural accounts due to increased maximum charges. Additionally, the EDGE REWARD program will be discontinued for several account categories.
Sundaram Home Finance Q2 net profit up 20%
Emerging Business Disbursements rise 63% on small towns branch expansion Assets Under Management up 14% to 21,213 crores
Equitas SFB CEO P N Vasudevan resigns over perceived conflict of interest
Vasudevan says investor concerns over his daughter's association with an NBFC have weighed on the bank's stock performance; he will continue until a successor takes charge
Equitas SFB MD & CEO P N Vasudevan resigns citing perception of conflict of interest, stock down 20%
Vasudevan will continue as MD & CEO until a successor takes over
Maharashtra, New Delhi among top 10 states contributing the most to average AUM in September
Maharashtra remained the largest contributor to mutual fund assets under management (AAUM) in September 2026, with Rs 33.10 lakh crore, followed by Delhi at Rs 7.78 lakh crore. Karnataka, Gujarat and West Bengal were among the other leading contributors.
Indias SIP flows reached a record 32,490 crore in September 2026, doubling in under three years. Investor participation expanded, smallcap and flexicap funds attracted strong inflows, and B30 cities gained mutual fund AUM share, reflecting broader market participation.
A 33-year-old investor aiming to build a Rs 6 crore corpus over 22 years may need to raise his annual SIP step-up from 10% to 1617%, according to an expert. The portfolio could also benefit from replacing the underperforming small-cap fund with a large-cap scheme, adding limited gold exposure and adopting a separate SIP strategy for the Rs 25 lakh property goal.
MAS Financial Services reports 22% increase in Q2 net profit at 110 crore
Net interest income jumps 44.5% to 237 crore; loan book expands 31% to 12,156 crore as of September-end
Central government employees must contribute to the Unified Pension Scheme during probation, yet contributions during suspension are optional. The government continues contributions during suspension only if the employee opts to contribute as well. Employees on absence without pay are exempt from making any contributions at that time. Delayed contributions may be restored if the delay is not the subscriber's fault.
Indias gold ETFs managed Rs 1.86 lakh crore across 26 schemes as of September 2026, despite a monthly return correction of 4.78%. The market remained concentrated, with five leading schemes controlling 80.2% of assets, while one-year returns stayed positive at approximately 2628%.
Dhanlaxmi Bank clocks 48.55-crore net profit in Q2 FY27
Operating profit for the period was 69.82 crore, against 28.19 crore in the same period of the last fiscal
Gold and Silver rate: Gold and silver indicative jewellery prices decreased today, but retail prices for 22k jewellery remained stable across various cities. The India Bullion and Jewellers Association provided updates on gold and silver rates for various purity levels.
Rupee hits 2-week low on 'sticky' dollar bids, modest intervention cushions
Dollar demand around the RBI's reference rate and likely overseas debt repayment outflows weighed on the rupee, while central bank intervention helped limit losses, traders said
ETMutualFunds shortlisted leading small-cap mutual funds using rolling returns, consistency, downside risk, outperformance and asset size. The list includes schemes from Axis, SBI, Kotak and Nippon India, with three-year rolling returns ranging from 24% to 33.5%. Small-cap funds are best suited to aggressive investors with a high risk appetite and a long investment horizon.
PM-KISAN 24th instalment update: How to check payment status and complete e-KYC to get 2,000
Diwali Special: How to review your mutual fund holdings & improve portfolio efficiency
Diwali serves as an ideal occasion for investors to examine their mutual fund portfolios and enhance efficiency. It is crucial to identify underperforming schemes and ensure alignment with financial goals and risk appetite. Investors should assess if poor performance is due to market conditions or inherent issues with the fund. New fund offers should be evaluated for portfolio suitability before investment.
Saving for your child in 2026? Compare SSY, PPF, SIPs and term cover before you invest
Compare SIPs, Sukanya Samriddhi Yojana (8.2%), PPF (7.1%), term insurance, health cover, gold ETFs and kids savings accounts, with a simple 5-step plan.
Best medium to long duration debt funds to invest in October 2026
According to Sebi norms, medium to long term funds have a mandate to invest in debt and money market instruments in such a way that the Macaulay's duration of the portfolio is four to seven years. Since these schemes invest in long-term debt instruments, they are considered risky.
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8th Pay Commisssion newsThe 8th Pay Commission held its final meetings in Mumbai, focusing on salary and pension reform for central government employees. Associations have proposed an annual increment rate of 5-7%, aimed at counteracting inflation and enhancing salaries. If implemented, these adjustments could lead to substantial pay raises over the coming decade, with definitive figures pending in the forthcoming report from the Pay Commission.
Bank holiday on Karva Chauth: Are banks open or closed today on October 29, 2026?
bank holiday today: Today, as the Karva Chauth festival is celebrated, banks in only one state are closed, contrasting with operations in other states. The October holiday schedule may impact banking operations, with regular Saturday hours on specified weekends.
No job or regular income? Husband cannot avoid wifes maintenance, says Allahabad HC
The Allahabad High Court has delivered a landmark decision affirming that a husband's assertion of being unemployed does not absolve him of his duty to provide maintenance. By upholding the monthly payment directive, the court highlighted the importance of a spouse's financial capacity in relation to the needs of the wife.
Working in UK? Per diem payments are not taxed
As Indian business families navigate the intricate landscape of wealth transfers, they confront significant hurdles in succession planning. Establishing flexible frameworks for responsible wealth management across generations is imperative. Engaging younger members in conversations about values and governance fosters unity. Ultimately, preparing future heirs to effectively manage and amplify their inherited wealth is the primary objective.
Fed holds interest rates steady at 3.9% as US inflation remains elevated
With inflation above target and borrowing costs squeezing homebuyers, policymakers face mounting pressure to balance price stability with economic growth.
PNB Housing Finance net profit up 6 per cent; considering a hike in lending rates
The companys Net Interest Margin (NIM) was stable at 3.67 per cent in the recently concluded quarter
City Union Bank Q2 net up 27% at 416 crore on robust core growth
Total deposits of the bank increased by 21 per cent y-o-y to 83,893 crore
Capri Global Capital reports 66.50% jump in standalone Q2FY27 net profit at 353 crore
The diversified retail-focused non-banking financial companys net interest income shot up 71.60% yoy to 7,049crore against 4,108 crore in the year ago quarter
Bandhan Bank Q2 net jumps over 5-fold at 6,21.75 crore, NII grows 14.38%
On a quarter-on-quarter basis, the banks net profit grew close to 24% during the period under review from 5,01.67 crore in the first quarter of FY27
Individual investors in YES Banks AT-1 bonds request RBI to ensure implementation of SC judgment
The individual bond holders forum emphasised that it recognises that the coupon terms must be examined separately for each issuance and that the IM contain provisions relevant to coupon discretion
Cholamandalam Investment and Finance Q2 net up 41%, board approves fundraise up to 5000 cr via QIP
For the half year ended September 2026 (H1 FY27), net profit came in at 3,284 Ccrore, up 43 per cent y-o-y
Bank holidays in November 2026: Check state-wise list of bank closures and festival dates
Bank holidays in November 2026 will vary across Indian states based on local festivals. Customers must check specific holiday schedules before visiting bank branches to avoid inconvenience. Some notable holidays include Diwali, Wangala festival, and Chhath Puja, affecting different states. The Reserve Bank of India has outlined specific closure dates for scheduled banks. Both scheduled and non-scheduled banks observe holidays on specific Saturdays as per the RBI calendar.
Prudents operating profit jumps 42% as wealth distributor hits record equity sales
Profit after tax rose 33.9% YoY to 71.7 crore, though PAT growth lagged operating profit growth due to mark-to-market reversals in other income during the quarter
PhonePe rebrands Indus Appstore, expands into digital goods and webstore
The app marketplace, now present on more than 200 million devices through OEM partnerships, is adding gift cards, top-ups and a webstore as it seeks to broaden its reach among consumers and developers
