The Economic Times

Major US banks reported higher third-quarter profits, supported by resilient consumer spending, AI investment and stronger trading revenue. However, executives warned that persistent inflation, elevated interest rates and geopolitical risks could strain household finances and slow economic growth. JPMorgan Chase missed earnings estimates, while Goldman Sachs, Citigroup and Wells Fargo reported stronger results.

During the second quarter, Prestige Estates Projects Ltd celebrated a remarkable 20 per cent increase in sales bookings, generating pre-sales of Rs 72,250 million. The launch of new residential projects toward the quarter's end was met with enthusiastic market reception and promising sales momentum. Ongoing developments also demonstrated robust sales, illustrating the sustained demand for housing. The company remains committed to expanding its real estate portfolio across key Indian cities.

In the September quarter, Puravankara Ltd reported a remarkable surge in sales bookings, hitting Rs 2,136 crore, a jump from Rs 1,322 crore a year earlier. With the sales area expanding by 22 percent to 1.83 million square feet, the company also successfully delivered 977 homes, which amount to 0.97 million square feet. Puravankara's strategic focus remains on sustaining growth while optimizing pricing and capital management.

The Securities and Exchange Board of India (SEBI) on Tuesday extended a temporary relaxation that allows companies planning to launch initial public offerings (IPOs) to revise the size of their fresh issues without filing fresh draft documents, providing greater flexibility to issuers navigating volatile market conditions.

Rahul Gandhi emphasized the INDIA bloc's singular mission to restore democracy during a meeting with opposition leaders. He criticized the government's attempts to restrict protests at Jantar Mantar and promised to fight against these restrictions. Gandhi accused Prime Minister Narendra Modi and Home Minister Amit Shah of undermining democratic institutions and the Constitution. Kerala Minister Ramesh Chennithala supported Gandhi's claims and attacked the Chief Election Commissioner for damaging

Four BSE 500 stocks, including PTC Industries and Aditya Infotech, hit fresh 52-week highs as the Sensex rallied 1,109 points on Tuesday. The stocks have gained up to 14% over the past month, reflecting continued buying interest across select counters.

The S&P 500 and the Nasdaq opened lower on Tuesday as chip stocks came under selling pressure again, while investors assessed a mixed set of quarterly results, including reports

Kiran Mazumdar-Shaw emphasized the importance of building an innovation-driven pharmaceutical industry in India. She highlighted the need for continued investment in research and regulatory reforms to enhance drug development. The industry must focus on maintaining high-quality standards as it seeks to innovate. Closer cooperation between industry and regulators can help sustain momentum during this transition. India has the potential to participate actively in the global innovation ecosystem.

Value Research CEO Dhirendra Kumar says good financial advice often means helping investors avoid unnecessary transactions and impulsive decisions. Speaking at the Global Financial Planners Summit Team 2026, he stressed the importance of financial education at home, disciplined investing and understanding products before making decisions with long-term financial consequences.

India requires a reliable and technology-enabled statistical system to aid evidence-based policymaking. Principal Secretary to the Prime Minister P K Mishra emphasized the need for stronger state-level statistical institutions. He highlighted the importance of integrating data systems and using advanced technologies for accurate statistics. Mishra urged that more granular data is essential for assessing policy outcomes and addressing regional disparities.

Indian government bonds have rebounded following a significant rise in yields, drawing investors back into the market. The benchmark bond yield has risen due to a central bank policy rate hike and liquidity measures. The rupee has appreciated against the dollar after the central bank implemented new measures to support the currency. Meanwhile, traders are anticipating US inflation data, which could influence Federal Reserve decisions.

L Murugan has announced his resignation from the Modi government as Minister of State. He aims to devote his efforts to strengthening the BJP in Tamil Nadu. In his letter to Prime Minister Narendra Modi, he expressed gratitude for the opportunity to serve. Murugan requested to be relieved of his ministerial responsibilities and leave the Rajya Sabha.

Anand Rathi Share and Stock Brokers reported a 50% year-on-year rise in consolidated net profit to Rs 41.93 crore in Q2FY27, while revenue from operations grew 20.25% to Rs 273.21 crore. Growth was supported by higher MTF interest income, distribution revenue and continued client acquisition amid market volatility.

Indian equity markets rallied over 1.5% on Tuesday, with the Sensex rising 1,109 points and the Nifty 50 gaining 358 points. IT stocks led the advance, with HCL Tech and TCS topping the gainers lists. Kotak Mahindra Bank, Eternal and Maruti Suzuki were among the notable laggards.

Tata Elxsi reported a 10% year-on-year rise in net profit to Rs 170 crore in Q2, while revenue from operations grew 15% to Rs 1,056 crore. Higher employee and operating expenses, along with lower other income, weighed on margins. Net profit for the first half of FY27 rose 14%.

The Indian Embassy in Riyadh has issued an advisory for Indian nationals in Saudi Arabia, asking them to follow local safety instructions, avoid circulating unverified videos and news, and check with airlines before travelling, as flight operations remain disrupted following the October 10 attack at Riyadh airport.The General Authority of Civil Aviation (GACA) has suspended operations at King Khalid International Airport in Riyadh, while flights at Dammam, Jeddah and Medina airports are continui

Goldman Sachs reported a remarkable profit increase in the third quarter, largely thanks to fluctuating market dynamics. Equities revenue soared by 72%, amounting to $6.44 billion, even as fixed income revenue saw a minor dip. Investment banking fees grew by 21% due to a rise in underwriting activities, despite a general decline in M&A transactions.

Uttarakhand has issued a ban on the manufacture, sale and distribution of tobacco products for one year. This decision emphasizes the importance of public health as stated by the Food Safety Commissioner. The ban affects all products containing tobacco or nicotine regardless of their branding. Previously, Odisha also implemented a similar prohibition, beginning in early 2026. Restrictions on these products have been in place in Odisha since 2013.

(Compares with estimates in headline and paragraph 1, adds analyst comment in paragraph 4, updates shares, details and context throughout)- JPMorgan

Citigroup has reported a remarkable 40% jump in its third-quarter profits year-over-year, despite some declines in other areas. Trading revenue took a hit, influenced by unstable market conditions, while investment banking saw a modest 9% year-on-year increase but fell substantially from the last quarter. Credit card profits faced declines due to heightened costs and loan loss provisions. Citi is wrapping up a multi-year restructuring as it aims for renewed growth.

European markets saw an uptick, driven by declining oil prices that buoyed sentiment across numerous sectors. However, the technology industry struggled with fears stemming from rising competition from Chinese firms, particularly ChangXin Memory Technologies, which raised alarms for traditional memory-chip players. Investors geared up for critical economic data from Germany, as they hope for clearer insights into the regional economy.

CoinSwitch Ventures is rebranding as BlackLane Capital, an independent global early-stage investment firm. It plans to invest up to $5 million per startup across fintech, AI, enterprise infrastructure, consumer applications and digital assets. Co-founder Ashish Singhal discusses the broader investment strategy and its ambition to enable over $100 million in startup funding.

Over 400 infrastructure projects worth approximately Rs 20.23 lakh crore have been approved under the PM GatiShakti initiative. The initiative aims to reduce logistics costs by developing integrated infrastructure across India. It integrates more than 1,800 data layers covering various sectors, including transportation and telecommunication. The Network Planning Group reviewed these projects for investments exceeding Rs 500 crore. This digital platform enhances data-driven infrastructure plannin

A study by Equirus Wealth finds that 70% of women have the final say over their investment portfolios, yet none of the respondents received structured financial training. Four in ten assumed financial responsibilities after a major life event, highlighting gaps in financial preparedness and wealth succession among Indian families.

The Indian Navy is set to commission Samarthak, their first multi-purpose vessel, on October 16, 2026. Built by Larsen & Toubro Ltd under the Make in India initiative, this vessel focuses on maritime surveillance. Samarthak is designed for various operations including patrolling and humanitarian assistance missions. Its integrated combat suite features indigenous sensors and weapons for operations in difficult conditions.

Netflix has secured exclusive broadcasting rights for the 2030 FIFA World Cup in Spain and Andorra. This tournament marks the 100th anniversary of the World Cup, featuring Spain as a host nation. The platform will provide full live coverage of all matches, including pregame, halftime, and postgame shows. Viewers can also expect a daily roundup on match days and additional programming leading up to the event.

The woman had earlier appealed in the district commission which held that she did not qualify as a consumer and that the complaint was not maintainable on the ground that investment in shares is a commercial activity. Then why did she won in the State Consumer Commission? Find out in this article.

The Ministry of External Affairs emphasizes that Ladakh is an integral part of India. It responded to recent statements by China regarding Ladakh with firm denial. A press release identified 28 features in Ladakh with standardized names on the Survey of India map. This initiative was undertaken in consultation with local stakeholders to enhance public awareness. The MEA asserts that no denial from China will alter this established fact.

Jio Platforms Ltd. is generating tremendous interest for its forthcoming initial public offering, with over $20 billion already attracted. The company targets a valuation around 10.3 trillion rupees, or $108 billion. Notable global investors such as Fidelity and Allianz are on board for this primary issue IPO. Expect the launch next week, as final anchor investor discussions are underway.

Finance Minister Nirmala Sitharaman mentioned the Reserve Bank of Indias ongoing efforts to stabilize the rupee's value. She noted that the rupee has significantly depreciated due to global uncertainties, despite India's strong economic fundamentals. Sitharaman highlighted recent measures by the RBI that helped the rupee appreciate temporarily in value. She also acknowledged the healthy debate around tax rationalization in the securities market.

Sebi has announced a new Portfolio Management Services framework effective from April 1, 2027. This framework permits portfolio managers to invest in IPOs, primary market debt, and various overseas securities. Portfolio managers can also offer advisory services related to unlisted securities for large investors. Furthermore, a Portfolio Managers Route for Investing in Mutual Fund units will facilitate investment in direct plans.

How much pure silver and gold jewellery can you have in your home without getting into trouble with the Income Tax authorities? To know the answer you need to read CBDT Instruction No. 1916.

Senior citizen sent income tax notice for Rs 65.27 lakh unexplained cash deposit, which was later proved to be pension and FD money; ITAT Jaipur order explained.

Bitcoin consolidated near $83,000 as rising US bond yields, dollar strength, and ETF outflows weighed on sentiment. Analysts highlight Wednesday's US CPI inflation data as the next key catalyst, with strong support holding near $81,000 and major resistance positioned at $84,000.

Eurozone government bond yields decline as renewed turbulence in technology stocks drives demand for safe-haven assets. Germanys 10-year yield falls to 3.43%, while US Treasury yields also retreat. However, fiscal concerns and interest-rate uncertainty continue to cloud the outlook for global bond markets.

The Indian rupee has strengthened against the dollar, thanks to recent initiatives by the Reserve Bank of India designed to curb dollar demand and stabilize the foreign exchange market. Experts suggest that these regulatory changes may bolster the rupee's short-term resilience. Moreover, oil prices are trending downwards as new supplies from Russia potentially enter the market. Central bank actions have generally fostered support for the Indian currency.

On Tuesday morning, a MEMU train's wheel derailed while traveling from Agra, Uttar Pradesh, to Bandikui, Rajasthan, near Kherli station. Thankfully, there were no injuries recorded. The derailment occurred shortly after Train No. 64621 departed Nadbai at 11:06 am. Senior officials, including the DRM from Agra, arrived promptly to assess the scene, and restoration work has swiftly commenced to mitigate the disruption caused by the incident.

During a recent gathering at Mizoram University, Union minister Jyotiraditya Scindia urged financial institutions to provide credit solutions that address the specific needs of the Northeast region. He criticized generic banking products as insufficient, emphasizing customization for each state. Mizoram Chief Minister Lalduhoma shared initiatives requiring investment, hinting at potential economic drivers for the area that could facilitate sustained growth and enhance public welfare.

Piyush Goyal defended the Election Commission of India during a BJP press conference regarding Congress allegations. He emphasized the autonomy provided to the Commission by the Modi government and contrasted it with Congresss history. Goyal raised concerns about former election officials subsequent political roles in Congress. He highlighted recent changes in the appointment process for the Chief Election Commissioner under the current government.

Karnataka Chief Minister DK Shivakumar has sought a detailed report on alleged police action against protesters and media personnel during an anti-SIR demonstration in Bengaluru, warning that any excessive use of force would invite accountability. He reaffirmed the right to peaceful protest, while Home Minister Priyank Kharge directed police to protect demonstrators' rights and urged organisers to coordinate with authorities.

In a bid to foster indigenous defence technologies, IITM Pravartak Technologies Foundation teams up with Medhastra Techsystems. This collaboration seeks to pave the way for advancements in artificial intelligence and cognitive warfare, supporting the government's Aatmanirbhar Bharat initiative for self-reliance in defence. Joining the IIT Madras ecosystem allows Medhastra to amplify its defence AI capabilities, reinforcing India's position in global technological innovation through academic and

Soha Ali Khan shares a delightful and easy-to-follow recipe for cucumber boats, a deliciously nutritious snack perfect for any occasion. Utilizing simple ingredients like cucumbers, hung curd, and chips, this healthy treat is perfect for those aiming for wellness without sacrificing flavor. Previously, Soha also offered a vegetarian oats recipe, catering to busy individuals who prioritize convenient, health-conscious meals.

Nandan Nilekani's Anti-Neet Paper Leak Plan: Nandan Nilekani has proposed generating NEET question papers at the last minute using AI and a large question bank to reduce paper leak risks. The Infosys co-founder also wants India to expand computer-based testing facilities as part of wider examination reforms.

Indian Railways reported loading 135.35 million tonnes of freight in September 2026, marking significant growth. This represents a 6.14 per cent increase compared to September 2025, highlighting strong performance in key commodity segments. Foodgrain loading saw a notable rise of 25 per cent during the same period. Freight revenue also increased by Rs 1,266 crore, indicating a 9.3 per cent growth rate.

The IMF has raised India's growth forecast to 7% for both FY27 and FY28, highlighting the country's resilience despite higher oil prices and a slowing global economy. Strong domestic consumption, infrastructure spending, recovering private investment and AI-related capital expenditure are supporting growth, though inflation, energy costs and weaker rural demand remain risks.

Sridhar Vembu Net Worth: Zoho co-founder Sridhar Vembu and his siblings have a combined net worth of $5.8 billion, according to Forbes. He grew up in a village in Tamil Nadu, studied at IIT Madras and Princeton, and now lives in rural Tenkasi. His wealth is in the news again after he said Zoho staff will not get a pay hike this year.