28 C 
IDBI-Fairfax mega deal takes PE-VC investments to $8 billion in October
Fairfaxs $5.6 billion stake purchase drives highest monthly tally in over four years; YTD inflows already exceed full-year 2025 levels
Avgerage daily value of UPI transactions crosses 1 lakh crorein October 2026
The average daily volume of UPI transactions also rose to the highest level in a month so far at 821.69million in October 2026 against 802.28million in September 2026
Investors building a Rs 10 lakh mutual fund portfolio with a 5-10 year horizon should focus on growth-oriented strategies and consider diversifying across two fund managers, says Prateek Agrawal of Motilal Oswal AMC. He highlights flexi-cap funds, emerging sectors and AI-linked businesses as opportunities, while advocating focused investing and a mix of growth and value strategies.
Index vs actively managed funds: What's better for new investors?
As passive investing grows, new investors must choose between low-cost index funds and the higher-fee promise of active management
FPIs pull out 34,843 cr from equities in Oct, turn net buyers last week
Foreign portfolio investors (FPIs) withdrew Rs 34,843 crore from Indian equities in October, marking the second consecutive month of heavy outflows, amid concerns over elevated crude oil prices, global interest rates and the corporate earnings outlook. However, foreign investors turned net buyers towards the end of the month, infusing around Rs 6,300 crore during October 26-30 compared to net outflows of nearly Rs 2,700 crore in the week ended October 23. According to data from the Central Depository Services Ltd (CDSL), FPIs withdrew Rs 35,861 crore in September. Before that, they had invested Rs 20,200 crore in July and Rs 29,631 crore in August. With the latest withdrawals, cumulative FPI outflows from Indian equities in 2026 have reached Rs 2.95 lakh crore. The recent improvement in flows signals a shift in near-term sentiment, but one week of buying does not necessarily indicate a sustained reversal, market experts said. For October as a whole, foreign selling remained ...
Indias 10-year G-Secyield could settle in the 6.75-7.00% range by March-end 2027: SBI Ecowrap
The rupee will also have an appreciating bias with Dollar Index weakeningpost US mid-term elections
Muthoot Finance posts 27% rise in PAT at 2,977 crore in Q2 FY27
Loan AUM grows 42% y-o-y to 1,87,810 crore in H1 FY27
Q2 Results Highlights, 31st October 2026: businessline brings to you latest Q2 announcements, earnings updates and more.
Possession delayed? Your rights as a homebuyer
No will, divorce, joint home loan: Lawyers on protecting your property when families split
Want to retire before 50? How big a corpus you need and how to make it last: 5 experts on FIRE
Creator economy: Build trust, not just reach; monetisation cant be the only goal | Pranjal Kamra
Chola MS General Insurance H1 GWP rises 7.1% to 4,517 crore
The insurer reported higher premium collections and a strong solvency position, even as natural disasters and claims weighed on quarterly performance.
Old or new tax regime? Your ability to claim Rs 8 lakh in tax deductions could make the difference
FATF steps up global crackdown on virtual asset crimes, fraud and scam compounds
The global watchdog has announced fresh measures to address emerging financial crime risks and strengthen implementation of international standards across jurisdictions
Gratuity calculator: How 3% DA hike can increase your retirement gratuity by nearly Rs 50,000
The central government's recent decision to increase the dearness allowance from 60% to 63% will affect salaries significantly. This hike, effective from July 1, 2026, results in notable changes in retirement gratuity.
Want to invest in gold through mutual funds? Here are the options after Gold FoF curbs
Several mutual fund houses have paused fresh investments in gold fund-of-funds, prompting investors to explore alternatives. Gold ETFs remain an option, but require a demat and trading account and have different costs and liquidity features.
Bank lending to commercial sector surges 55.4% to 17.5 lakh crore in April-August
The Finance Ministry expects lending momentum to persist, citing stronger credit demand across industries and services and improving loan demand expectations
Top 10 balanced advantage mutual funds with highest net equity holding. Check details
Since the Nifty 500 peaked in September 2024, balanced advantage funds have steadily increased their net equity exposure between September 2024 and August 2026. Here is a detailed breakdown of top 10 funds with highest net equity holding, as reported by ETWealth.
HDFC Large Cap Fund turns Rs 10,000 monthly SIP to over Rs 8 crore in 30 years
HDFC Large Cap Fund has turned a monthly SIP of Rs 10,000 into Rs 8.46 crore over 30 years, while a lump-sum investment of Rs 1 lakh grew to Rs 1.30 crore. Launched in 1996, the fund has delivered a 17.62% CAGR, according to HDFC Mutual Fund.
AU SFB data leak: Salesforce says no vulnerability at its end
The ScarlettGroup hacking group claims to have breached the AU SFB cyber defence system and threatened to leak sensitive customer and internal corporate data
Vijay Kedia says patience is essential to building wealth in the stock market, comparing investing with farming, where some crops take years to yield results. He shares his three principles for investors, the SMILE formula for spotting multibaggers and lessons from his investing journey.
IBBI amends regulations to strengthen insolvency resolution of stressed real estate projects
The amendments aim to boost the participation of homebuyers as well as strengthen oversight during the insolvency resolution process
Saurabh Mukherjea's 50:50 rule for Nifty and S&P 500
Saurabh Mukherjea's 50:50 rule for Nifty and S&P 500
Saurabh Mukherjea recommends a simple 50:50 portfolio split between the Nifty 50 and the S
You live and earn in India, but 70% of your spending is in dollars: Saurabh Mukherjea
How to do succession planning right: Will, nominee, or trust? 5 experts explain
Crypto exchanges call for quick moves to bolster defences after Binance heist
Binance, the world's largest crypto exchange, halted withdrawals after Thursday's attack which analysts blamed on North Korea
Why salaried people need personal health insurance beyond company offer
Building a personal cover early secures low premiums, covers waiting periods and ensures lifelong protection
Gold rates today: Gold jewellery prices fell below Rs 13,000 per gram at several prominent jewellery brands on October 31, 2026. As buyers prepare for Dhanteras and Diwali, many are comparing current gold rates.
BRICS+ payments system feasible, common currency faces hurdles, report says
Cross-border payments have long been on the BRICS agenda, though efforts to integrate members' financial infrastructure have made limited progress
Uber joins HSBC, Franklin Templeton in blockchain investing test
Uber pilots blockchain-powered treasury with HSBC, Franklin Templeton tokenized funds, aiming for higher yields and liquidity amid corporate cash shifts
Effective November 1, 2026, IndusInd Bank will roll out new fees for any failed savings account transactions. Concurrently, Punjab National Bank will adjust service charges related to credit card transactions. Pensioners must provide their life certificates by November 30, 2026, to continue receiving benefits.
SGB: Rs 1 lakh investment turns into Rs 3 lakh
HIghest FD interest rate: Many senior citizens seek stable revenue through fixed deposits to support their daily expenses. Small finance banks typically offer higher interest rates than public sector banks for these deposits. Senior citizens should carefully compare options before making investment decisions.
Brothers resisted married sisters claim over late fathers properties; Karnataka HC rules in married sisters favour as properties are jointly held and Hindu Succession Act has an overriding effect in succession cases.
Q2 Results Today, 31st October 2026 Live Updates: businessline brings to you latest Q2 announcements, earnings updates and more.
8th Pay Commission news: The central government has many more pensioners than employees. Union Minister Ashwini Vaishnaw announced DA and DR hikes that will benefit both employees and pensioners. The 8th Pay Commission will consider various recommendations regarding pension adjustments. Estimates show potential pension increases based on fitment factors of 2.0, 2.25, and 2.57. However, the final decision will be made once the Commission releases its report.
Saturday bank holiday: Are banks open or closed today on October 31, 2026?
Indian banks observe closures on the second and fourth Saturdays of every month. Despite holidays, digital banking remains available for customers. October and November bring a series of holidays that may impact banking hours in certain locations, prompting patrons to take advantage of online banking services during these breaks.
Large industry loans at a six year high of 33 lakh crore
he growth rate also increased threefold with as compared with the same fortnight last year
Deposits and advances of Banks decline in the first fortnight of Oct 2026
Further, outstanding advances came down Rs 2,55,875 crore in the fortnight, possibly reflecting the effects of unwindingof short-term business contracted towards second quarter end
Bank of Baroda logs highest quarterly net profit at 6,532 cr in Q2FY27
Global deposits and advances growth was healthy at 16.4per cent and 18.3per cent in the reporting quarter, respectively
Record earnings! 5 big takeaways from RIL Q2 results investors should watch for Monday trading
Reliance Industries reported record Q2FY27 profit of Rs 29,550 crore and revenue of Rs 3.62 lakh crore, driven by strong refining margins and Jio growth. Retail profitability weakened, while declining debt improved the conglomerate's financial position.
IRDAI declares November 2026 as grievance resolution month for insurance policyholders
Over 13 lakh cases, including 11 lakh pending before the Motor Accidents Claims Tribunal, remain unresolved
Sammaan Capital promoter raises stake to 33.32% after warrant conversion
Avenir Investment converted 8.69 crore warrants into equity shares for about Rs 906 crore, raising its stake in Sammaan Capital from 28.34 per cent to 33.32 per cent
From Trader to Investor: Dheeraj Gaur on Protecting Your Wealth
The Latest Fixed Deposit Interest Rates: Oct 30, 2026
The Latest Fixed Deposit Interest Rates: Oct 30, 2026
The Latest Home Loan Interest Rates: Oct 30, 2026
The Latest Home Loan Interest Rates: Oct 30, 2026
AU SFB probes potential vehicle loan data leak; says core systems unaffected
A cyber threat intelligence platform has reported breach claims, but the bank says allegations of KYC data exposure remain unverified
First Global's Devina Mehra urges Indian investors to diversify across countries, sectors, currencies and asset classes. She highlights global opportunities, changing market leadership and the risks of chasing popular investments, advocating broader international exposure for long-term portfolio resilience.
Bank credit grows 17.94% to 232.54 lakh crore, outpaces deposit growth
The banking systems liquidity surplus remained elevated in October, while lenders also increased their investments in central and State government securities
November Bank Holidays 2026: Full list of dates, festivals & bank closures
Bank branches will observe multiple closures in November, with the holiday schedule varying from state to state based on regional festivals and local observances
$1.5 trillion will change hands as India's 50-plus pass on wealth: Bajaj AMC's Ganesh Mohan
$1.5 trillion will change hands as India's 50-plus pass on wealth: Bajaj AMC's Ganesh Mohan
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.
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
Indias SIP growth story has a long runway, with household equity exposure still in single digits and a large number of investors in the wealth-accumulation phase, says Carnelian Asset Managements Vikas Khemani. Speaking at the ET Wealth Expo, he said SWPs may take another 25 years to gain widespread relevance as the population ages and more investors transition towards retirement.
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
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
ICICI Prudential MF's S Naren cautions investors against chasing asset classes after sharp rallies, calling it anti-asset allocation. At the ET Wealth Expo, he highlighted the importance of investing in underperforming asset classes, including international debt, and using valuation indicators to guide decisions. He also discussed gold, real estate and the need for patience during market corrections.
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
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.
Prime Minister Narendra Modi will release the 24th instalment of Rs 2,000 of the PM Kisan samman yojana scheme today in Gujarat. Farmers eagerly awaited this payment, which is crucial for their agricultural needs and expenses. Eligible farmers must complete their eKYC to receive this instalment, which is mandatory according to the PM Kisan portal guidelines.
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
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
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