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JM Financial tops investment banking league table in H1 FY27 with Rs 75,775 crore
Domestic investment banks experienced significant success in achieving equity fundraising in HY27. JM Financial, ICICI Securities, and SBI Capital Markets led the transactions during this period. A total of 116 IPOs and QIPs were conducted, a notable increase from the prior year. The equity amount raised rose by 40%, reaching nearly Rs 1.7 lakh crore. This surge in activity reflects a healthy trend in the domestic investment banking sector.
GQG Partners trims stake in ITC to Rs 9,395 crore amidst broader market sell-off in 2026
GQG Partners has recently executed a block deal, offloading ITC shares worth approximately 9,395 crore. The firm has also downplayed its presence in several Adani Group enterprises this year, while simultaneously ramping up investments in JSW Energy and JSW Steel during the June quarter. In total, GQG has scaled back investments worth around 24,400 crore across various Indian firms since early 2026, continuing to oversee assets exceeding $156 billion.
A quick guide to GST Council's key decisions on tax and compliance
From easier input tax credit claims to automated registration and a 40-crore cap on penalty-only appeals, the proposed changes seek to reduce compliance friction.
UPI MDR decision likely today; industry expects deferral to January 2027
The panel comprises the Indian Banks Association (IBA), the Payments Council of India (PCI), and representatives of banks, payment service providers (PSPs) and various associations
GST Council allows small online sellers to use warehouses in other states
Small online sellers can now use e-commerce platform warehouses to register in other states, while the GST Council has clarified tax treatment for platforms and retained existing rates
Good news for employees: ITC on group health and life insurance allowed; Know how it helps employees
Now GST input tax credit to emoyers on group insurance; this can mean more life and health insurance coverage for employees; Know how it helps. The reason for this is now employer's cost of buying insurance for its employees can reduce by claiming ITC.
GST export rule changes to cut tax uncertainty, litigation: IT industry
The GST Council's changes to export definitions and refund rules are expected to benefit IT firms, consulting companies and GCCs by reducing tax disputes and working capital costs
Rate hike unlikely to derail affordable housing demand, says PNB Housing Finance chief
Higher borrowing costs may have limited impact on low-ticket home loans; festive season and government support expected to sustain demand
Life insurance NBP jumps 21% in September; non-life premium up 6%
LIC and private life insurers drive strong new business premium growth, while general and health insurers lift non-life premiums despite a sharp decline in crop insurance collections
Quant Mutual Funds Sandeep Tandon says the next investment edge will come from combining human judgment with AI, machine learning and alternative data. As markets become more dynamic, investors must move beyond static strategies and focus on speed, inference and decision-making.
Depositors unlikely to see immediate benefit from rate hike: CS Setty
If credit growth continues at this pace, banks will eventually have to consider increasing deposit rates, says SBI Chairman
GST is always useful for a state like West Bengal, says Swapan Dasgupta
West Bengal Finance Minister Swapan Dasgupta calls the 57th GST Council meeting very, very positive, highlighting ease of doing business and improved compliance.
Edelweiss Mutual Fund MD Radhika Gupta says Specialised Investment Funds are gaining traction, offering flexible strategies beyond traditional mutual funds. With SIF assets reaching Rs 38,000 crore, she urges investors to focus on strategy, risks, taxation and portfolio purpose before investing.
Higher EPS pension: Pensioners urge PM Modi to act
UCO Bank hikes repo-linked, T-bill linked lending rates
The bank raised its repo-linked lending rate for the UCO Float variant by 25 basis points to 8.30% from 8.05%, mirroring the RBI's move
Insurance distribution reforms may weigh on near-term growth: ICRA
ICRA expects the impact of proposed commission caps and expense limits to become more visible in FY28, with health and life insurers and smaller players facing greater pressure
Govt should withdraw proposed UPI charges: GTRI
GTRI urges review of costs and audits of UPIs finances, warning merchant fees could inflate prices, curb demand, and tilt competition toward card networks
Tata Asset Management MD Anand Vardarajan says investors should combine active and passive strategies rather than treat them as rivals. He recommends layered portfolios using passive exposure, active alpha-seeking funds, multi-asset diversification and higher-risk strategies amid changing rates and valuations.
Micro lenders urged to factor climate risks into rural credit decisions
Bharat Microfinance Report 2026 flags rising climate risks to rural credit as NABARD warns of potential rabi crop stress following a deficient monsoon and urges better underwriting
Can daughters lose property rights? Why Madras HC rejected sisters' claim
The sisters had a legal claim to their mother's property, but decades of silence and evidence of exclusion weakened their case before the court.
From stuck credit card closure requests to lost property papers, RBI rules require banks to pay you for every day they're late. A customer earlier this year won Rs 3.21 lakh for a delayed credit card closure. Here are 5 situations where the clock ticks in your favour, with compensation ranging from Rs 100 to Rs 5,000 a day.
Company fixed deposits give higher returns, but come with their own risks
If you want to stick with FDs, but don't particularly like the low rates offered by banks, a corporate FD might just be the ticket for you
The Reserve Bank of India has increased the repo rate from 5.25% to 5.50% during its recent meeting. This hike is expected to encourage banks to raise their fixed deposit interest rates soon. Customers could earn considerably more on their fixed deposits with even small increases in interest rates. Detailed calculations show potential increases in maturity amounts for varying deposit sizes.
Two yrs on in GIFT City, CareEdge Global to expand ratings coverage to 100 countries
The expansion would broaden CareEdge Ratings international arm, which began its global sovereign ratings in October 2024, covering 39 countries
TCS Q2 results: Profit rises 15% YoY to Rs 13,884 crore; co declares Rs 12 dividend
TCS Q2 Results: IT services major Tata Consultancy Services (TCS) on Thursday reported 15% year-on-year (YoY) growth in its consolidated net profit at Rs 13,884 crore for the second quarter.
Citis India IB revenue nearly doubles as bank raises $16 billion for clients, shows data
Citis India investment banking revenue nearly doubled to $52 million, making it the countrys top-ranked investment bank. The lender helped Indian companies raise nearly $16 billion and advised on $36 billion of M&A, driven by overseas expansion and technology-sector activity.
Bank deposits join CAS: What you may see, what may still be missing
Bank deposits will join the Consolidated Account Statement (CAS) from January 1. But will the move finally give consumers a complete picture of their financial life?
Wife refused to return to matrimonial home after Raksha Bandhan, sought maintenance citing husbands Rs 1.5 lakh salary; Allahabad HC rejects her plea for living separately without sufficient cause and earning capability
The Delhi High Court recently upheld an eviction ruling that affects a daughter-in-law, amidst a nuanced legal struggle that weighs the interests of elderly individuals against those of women. This decision highlights key aspects of the Senior Citizens Act, sparking discussions on family rights, issues surrounding non-maintenance, and instances of mistreatment within housing conflicts.
RBI rate cycle: How much did borrowers and savers actually benefit?
The RBI's previous rate cycle shows that changes in the repo rate did not translate equally into loan and deposit rates, with the impact varying across borrowers and Depositors
6 stages of wealth: The framework behind the ET Wealth expo agenda
The ET Wealth Expo 2026 introduces a comprehensive six-stage framework for optimal wealth creation and management. It covers vital areas like earning, building, protecting, growing, retiring, and transferring wealth through various engaging sessions. Participants will delve into innovative income streams, investment opportunities, and strategies for financial protection, alongside retirement planning. The expo also emphasizes effective legacy transfer techniques and maintaining continuity in wealth management.
Gold rate today: 24k vs 22k vs 20k vs 18k prices
Motilal Oswal's property fund exits 37 projects, earns 20.4% return
Motilal Oswal real estate fund delivers 20.4% return despite Covid, rate hikes
Many investors fret over mutual fund SIP returns, yet a shift in focus to economic fundamentals is essential. Prashant Jain pointed out that while markets may stagnate, economic growth continues. For long-term investors, a flat market could prove beneficial through systematic investments. Previous years of low equity returns shouldn't prompt a dash towards alternatives; rather, maintaining an eye on Indias economic growth bolsters the argument for equity investment.
8th Pay Commission DA calculator: What 25% dearness allowance may mean for Level 6-8 employees
8th Pay Commission news: The 8th Pay Commission has begun discussions regarding the salary, allowances, and pension of central government employees. Their meetings in Bengaluru will address various aspects of employee compensation, including work conditions. Once the Commission finalizes its report, salary revisions will be implemented for affected central government employees. The calculation of dearness allowance will also be based on the new salaries after revisions.
Non-life insurance industry premium rises 8.92% in H1 FY27; agriculture insurance plunges
The industrys performance was supported by strong health insurance growth, while a sharp fall in agriculture premiums restrained overall expansion
HDFC Bank cuts MCLR rates by up to 15 bps: Check impact on your loans
Decision covers all MCLR-linked tenures, but impact on interest rate and EMI will depend on benchmark and terms of a loan
Aditya Birla Sun Life Mutual Fund has launched a sectoral debt fund focused on financial services, with relatively high interest rate risk and moderate credit risk. Experts say investors should weigh the funds sector concentration and limited track record against potential benefits from attractive yields, while considering diversified debt options for core allocations.
8th Pay Commission fitment factor: What could Level 6-8 salaries be at 2.0, 2.15, 2.28, and 2.57?
India may delay 0.4% UPI fee rollout for large payments
The potential postponement could give the payments industry additional time to prepare while avoiding disruption during the busy festive period.
Edelweiss Asset Management launched the Edelweiss US Technology Equity Fund through GIFT City, providing dollar-denominated exposure to JPMorgans US Technology Fund. The fund targets resident investors, NRIs, institutions and family offices, with a $5,000 minimum investment. The launch offers an alternative overseas investment route amid Indias mutual fund limits.
Indian equities remain under pressure as the RBIs calibrated tightening stance, continued FII selling and rising oil prices weigh on sentiment, while IT stocks outperform and analysts expect largecaps to face further pressure.
Best small cap mutual funds to invest in October 2026
According to the Sebi mandate, small cap schemes must invest in companies that are ranked below 250 in terms of market capitalisation. These schemes also will have to invest at least 65% in small cap stocks. Small companies go through many ups and downs - more than the established companies in the large and mid cap segments. That is why investing in small cap stocks is considered extremely risky; the small cap segment can also be extremely volatile, especially in the short term. That is why small cap schemes are recommended only to aggressive investors with a very high risk appetite and very long investment horizon.
EPF wage ceiling raised to 25,000: What changes for your salary, PF and pension?
50L accident claim denied; why nominee won
RBI may deliver 50 bps jumbo hike in December, repo rate seen at 6%: SBI Research
The report expects inflation to peak at around 6.8% in November 2026
Bajaj Auto Share Price Live Updates: Bajaj Auto's Market Update: Price and Volatility
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Asian Paints Share Price Live Updates: Asian Paints Trading Update
Brother cuts sisters from parents lands & wins case: Sisters wanted to apply Hindu law of succession and get 1/3rd share in parents lands, brother refused them and wins case in Madras HC; Know why
India's rural economy decoupling from monsoon shocks, says RBI report
Rural incomes are becoming less dependent on monsoons as allied activities, irrigation and diversification cushion the impact of rainfall shortfalls.
RBI rate hike: Major banks raise lending rates, making loans costlier
The lending-rate increases took effect or will take effect from October 8, while some banks kept MCLR and Base Rate unchanged
EMIs to increase as RBI kicks off rate-rise cycle, shifts policy stance
The MPC raises the repo rate by 25 basis points to 5.5 per cent and shifts to calibrated tightening, with economists expecting further increases as inflation risks persist
RBI Governor says forex transactions of personal nature remain outside new FEMA reporting
Malhotra says RBI will soon issue FAQs
RBI allows Account Aggregator interoperability, expanding customer choice
Move enables seamless consent-based data sharing, faster credit assessment and consolidated financial views
A smallfee on UPI transactions will not have a major impact on volumes: RBI GUV
According to NPCI, there is no impact on small-value UPI transactions up to 2,000
RBI expects rate hike transmission to temper credit growth in coming quarters
Banks should undertake proper due diligence and use FCNR(B) deposits prudently, says Governor Malhotra
RBI removes Paytm Payments Bank from scheduled banks list after licence cancellation
Digital Desk | New Delhi, Oct 7 (IANS) The Reserve Bank of India (RBI) on Wednesday announced that it has removed Paytm Payments Bank Limited (PPBL) from the list of scheduled banks, formally reflecting the lender's changed regulatory status following the cancellation of its banking licence earlier this year. In a notification, the central bank said Paytm Payments Bank has been excluded from the Second Schedule of the Reserve Bank of India Act, 1934, which contains the list of banks recognised as scheduled banks. The notification was issued on July 31 and later published in the Gazette of India in September. Paytm Payments Bank Limited has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DoR.LIC.No.S3674/16.13.215/2026-27 dated July 31, 2026 and published in the Gazette of India (Part III - Section 4) dated September 07, 2026, the central bank said in its official statement. The development follows the RBI's decision in April to cancel the banking licence of Paytm Payments Bank, citing persistent non-compliance with regulatory requirements. The central bank had said the bank's affairs were being conducted in a manner detrimental to the interests of both the institution and its depositors. Paytm Payments Bank had been under regulatory scrutiny for several years. In March 2022, the RBI barred the lender from onboarding new customers after identifying what it described as material supervisory concerns. The bank was also directed to appoint an external IT audit firm to conduct a comprehensive review of its technology systems. Regulatory restrictions intensified in early 2024, when the RBI prohibited the bank from accepting fresh deposits, credits and top-ups in customer accounts, prepaid instruments and wallets, citing ongoing compliance concerns. The latest notification comes after the Delhi High Court ordered the winding up of Paytm Payments Bank. The lender, an associate of fintech major Paytm promoted by Vijay Shekhar Sharma, had faced repeated supervisory actions and operational curbs before ultimately losing its banking licence.
Govt bond yields near three-year high after RBI's hawkish policy shift
The benchmark 10-year government bond yield rises to 7.24 per cent as the RBI shifts to withdrawal of accommodation, with foreign outflows and oil prices adding pressure
Repo-rate hike wont derail festive auto growth; protecting affordability could cost 1,000 crore
Small EMI increases for individual buyers could become sizeable when financing support is extended across millions of vehicles
RBI repo rate hike: What it means for your home loan EMI
Individuals exempt from reporting foreign buys/earnings; RBI to publish FAQs on rules soon
New regulations are aimed at simplification and promoting ease of doing business, sufficient time was given to the members of trade as the guidelines were published in January this year
Rate hikes may moderate credit growth, but unlikely to impact economic expansion: RBI
The surplus systemic liquidity will not last for long, transmission in the deposit rates will also eventually happen: RBI Guv Malhotra
Rupee closes at 96.78 per dollar as RBI policy fails to boost sentiment
The rupee records its second-weakest close as external pressures and weak dollar inflows weigh; RBI Governor Sanjay Malhotra says the currency may be undervalued
Individuals exempt from reporting foreign earnings; RBI to issue FAQs soon
Clarifying that individuals do not need to report imports or export earnings, the Reserve Bank on Wednesday said it will publish FAQs (frequently asked questions) shortly to quell misunderstandings around the recently implemented regulatory changes. Even in the case of entities, there is a provision for self-declaration up to a cap of Rs 10 lakh per bill, Governor Sanjay Malhotra said. Malhotra said the unified Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026, implemented from October 1, get services players on par with merchandise entities when it comes to reporting requirements. ...individuals are not included with respect to the reporting requirements for contracts of a personal nature. There seems to be some misunderstanding on the reporting obligations. We will clarify through an FAQ shortly, Deputy Governor Rohit Jain said. He said the new regulations are aimed at simplification and promoting ease of doing business, and added that ..
Highest 3, 5-year senior citizen interest rates
Five small cap mutual funds delivered annualised returns above 22% over three years through September 2026, led by Bandhan Small Cap Fund. However, investors should assess risk appetite, investment horizon and financial goals rather than choosing funds solely on past performance.
Bharti Airtel shares defy weak markets, rise over 2% after launch of new plans
Bharti Airtel shares gained after the telecom major launched new postpaid plans offering additional benefits, including free international roaming.
RBIs 25-basis-point repo rate hike has changed the near-term outlook for mutual fund investors. Experts advise continuing SIPs, staggering lumpsum investments and favouring quality, shorter-duration debt funds. In equities, large caps remain preferred for core allocations, while investors should be selective with small-cap and thematic exposure amid policy uncertainty.
Vikas Khemanis Carnelian Mutual Fund appoints Rajkumar Dhiman as CEO
Carnelian Mutual Fund has appointed Rajkumar Dhiman as CEO as Vikas Khemanis asset management firm expands into mutual funds, with the fund house set to launch liquid and smallcap funds.
High liquidity no concern for NBFC asset quality, says RBI Governor
RBI Governor Sanjay Malhotra said the central bank sees no asset-quality concerns for NBFCs despite high liquidity, while bank credit growth is expected to remain strong
Gold rate today: On October 7, 2026, gold and silver prices saw notable changes among leading jewellery retailers. Tanishq announced a reduction in the cost of its 22k gold offerings compared to the day before.
RBI to enable interoperability among Account Aggregators, integrate bank deposits with demat CAS
Under the initiative, customers will be able to access and share their financial information across different financial service providers through any NBFC-Account Aggregators (NBFC-AA)
Hyderabad hosts global real estate dialogue as IREC 2026 brings 2,000+ delegates to HITEX
Hyderabad recently welcomed the 7th International Real Estate Conference, gathering over 2,000 delegates from 35 nations. This engaging event featured discussions on evolving global real estate trends, including shifting buyer preferences and technological advancements. Participants also addressed the robustness of India's housing sector, sharing primary sales insights, and delving into critical viewpoints on institutional investments and urban growth.
ITR filing and Income tax audit deadline extended: check 5 critical things taxpayers must know
Six midcap stocks, including Bosch, Siemens Energy India and Lenskart Solutions, could be reclassified as largecaps in AMFIs H1 CY27 rejig, while NSE is expected to enter the largecap segment.
Bajaj Finance raises FD rates by up to 40 bps after RBI rate hike
The NBFC has weighted the increase towards longer tenures, offering up to 7.75 per cent to regular depositors and 8.15 per cent to senior citizens
RBI allows customers to use any Account Aggregator for financial data
Customers will be able to access financial information through any NBFC-AA, while demat account holders can also view bank deposit details in consolidated statements
SBI FD interest rates: How much will Rs 1 lakh become in 1, 3, 5, and 10 years?
Soon, FD details will be part of your CAS statement; Heres how it helps you
Soon you will get to see your fixed deposit (FD) details in CAS statements. CAS stands for consolidated account statements and it is usually sent by NSDL, CDSL, Karvy or CAMS. This CAS statement at present shows your demat and non-demat holdings including mutual funds, bonds, listed shares.
