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Gold and silver prices today, 16 October: Check the latest 24K, 22K gold and 999 silver retail rates across Delhi, Mumbai, Kolkata and other major Indian cities, along with MCX market updates.

DA news update: Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu said the state government is considering releasing a Dearness Allowance (DA) instalment on Diwali this year. Here's what we know 

Bandhan AMCs Suyash Choudhary explains how rising rates affect savers, why investors should keep debt portfolio duration short, and how to balance yield, credit quality and currency risk.

SEBI is exploring the inclusion of insurance policy details in the Consolidated Account Statement (CAS), which already covers investments such as mutual funds, equities, debt securities and NPS. 

A 5,000 monthly SIP in a small-cap mutual fund could grow significantly over 20 years. Compare illustrative SIP returns of 12% to 18% with bank deposit returns of 6% to 8% and understand the risks of long-term investing. Seek professional guidance before making any investments. 

Several large Indian mutual funds, including HDFC, Kotak Mahindra and UTI, halted bulk subscriptions to gold ETFs ahead of the festive season. Here's what changes for investors and what happens to your existing SIPs 

Credit card reward points can help save money during the festive season, but redeeming points that are about to expire should not lead to unnecessary spending. Check expiry dates, compare redemption options and understand restrictions before deciding whether to use your rewards or let them expire.

Canada's Fairfax Financial Holdings, which owns 40% in the Kerala-based lender, must choose between selling its stake and merging CSB with IDBI Bank after the government approved the sale of a 60.72% stake in IDBI to a Fairfax subsidiary. 

Asian Paints, Berger, and Birla Opus will raise prices by 3-4% ahead of Diwali as input costs soar.

Experts say integration is hard in any deal, and harder when a bank that has operated in the public sector for decades must adopt private-sector practices.

Rising cyberattacks and online fraud underscore the risks of identity theft and financial loss. Personal cyber insurance may cover eligible incidents, including phishing and unauthorised transactions. Here's all you need to know.

Ambani also identified home broadband as a major growth opportunity.

The Centre has approved a 30-day ad-hoc bonus for eligible Central government employees for 2025-26. The payout can reach 6,908 under the 7,000 monthly calculation ceiling, with pro-rata payments for shorter service and separate eligibility rules for casual labourers.

A retired LIC employee won ITAT Jaipur relief on 9.04 lakh in leave encashment after the tax department restricted her exemption to 3 lakh. The ruling examines whether the enhanced 25 lakh limit introduced in 2023 can benefit employees who retired earlier.

For now, investors  see continued central bank buying and demand for safe-haven assets as key supports for bullion. However, predictions of fresh record highs remain forecasts rather than guarantees.

Sundaram Finance has raised fixed deposit rates from October 16, 2026. Check revised rates across different tenures. 

The IDBI Bank would continue to operate under the existing framework of company and labour laws, says Arunish Chawla, secretary, DIPAM. 

Insurance Regulatory and Development Authority of India chairman Ajay Seth also hinted that Irdai is unlikely to extend the deadline for submitting feedback.

Salary hikes may not increase savings if lifestyle expenses rise alongside income. Here are five money habits young professionals should watch, from lifestyle inflation to emergency fund planning.

Airfloa Rail Technology has won a 34.85 crore contract from Integral Coach Factory, Chennai, to design interiors and carry out development work for a Vande Bharat sleeper trainset. Details.

Emirates has said Navi Mumbai International Airport lacks essential facilities, including catering and cargo warehousing, to support international flights.

Speaking at Jio Platforms' IPO media meet on 15 October, Ambani said that the company helped transform India from a data-scarce market to a data-abundant nation by making mobile data services affordable.

EPFO has extended the deadline for employers to file September 2026 PF returns and deposit contributions to 31 October from 15 October. The extension follows the revision of the PF wage ceiling and gives employers more time to complete compliance formalities.

Diwali cash bonuses from employers are taxed as salary at the employees applicable tax rate. Here's when gifts are exempt from tax and how to report it in ITR. 

Microsoft CEO Satya Nadella has reflected on an early management failure, recalling how he failed to recognise an employees struggles despite repeated requests for help. 

The Andhra Pradesh High Court has directed authorities to pay widow pension arrears from the date of application, ruling that administrative delays cannot deprive eligible beneficiaries of their entitlement. The arrears must be paid within eight weeks. 

The deeptech startup plans to deploy 150 autonomous robots by next year on a subscription model, offering Western contractors up to 20% savings amid severe labour shortages.

Fairfax plans to transfer its stakes in IIFL Capital Services and Digit to IDBI Bank, creating a diversified financial services group after its 52,878 crore acquisition of a 60.72% stake in the lender. The restructuring will cover banking, insurance, investment banking and wealth management.

Isha Ambani recalled how an unsuccessful attempt to submit college assignment online in Mumbai prompted a conversation with her brother Akash Ambani about India's internet connectivity gap. The anecdote comes as Jio Platforms prepares for its IPO, with the offering potentially raising 30,213 cr.

A 26-year-old earning 40,000 a month should prioritise adequate health insurance coverage, compare policy exclusions and hospital networks, and choose add-ons such as restoration, maternity and OPD benefits based on costs and individual needs.

Jio plans to offer 6G through a software upgrade rather than new infrastructure and is also targeting 340 million users in the mobility segment. Full details here. 

Aditya Birla Group plans to invest up to $30 billion across its businesses in India and overseas over the next two to three years, including expanding US operations. Details here.

A 25-year-old living independently in a Tier 1 city may need a monthly take-home salary of 70,000 to 1.4 lakh to meet living expenses and save 20-30% of income, depending on the city and lifestyle.

Akash Ambani said India's digital economy is expected to reach $1.4 trillion by FY31, adding that Jio Platforms expects to capture a significant share of the market.

Reliance Jio Platforms IPO could reshape mutual fund exposure to Indias telecom sector. While some schemes have significant allocations to Bharti Airtel and Vodafone Idea, the impact will depend on valuations and fund managers' investment strategies. Here's what you need to know. 

The reporting mechanism could help authorities identify suspicious transactions, including instances where services are falsely declared to move money across borders.

Uday Kotak in Reliance Jio IPO press conference: Historic issue! RIL to become largest conglomerate by market cap

A credit score above 750 can strengthen a personal loan application, but it does not guarantee approval. Here's why.

Tewolde Gebremariam has set up a full-time cost-savings team and tightened spending approvals, shifting focus from predecessor Campbell Wilsons fleet expansion to operational profitability,

The tribunal held that a taxpayer could claim Section 54 exemption for the basement, ground floor and third floor received after redevelopment, while also directing a revised calculation of capital gains using a registered valuers report.

The strategy comes as the VC firm seeks to demonstrate it can improve the financial performance of its portfolio companies in a repeatable way before approaching investors for its fourth fund.

By stripping away the old-fashioned label, Phitku repositioned the alum not as a relic of the past but as a highly efficient, minimalist solution for today's fast-paced world.

Dave Ramsey recommends teaching children four balanced money habits. He is the author of the international bestseller, The Total Money Makeover.

IDBI Banks proposed stake sale to Fairfax has raised questions for depositors, FD holders and employees. What could the ownership transition mean for existing deposits, interest rates, banking charges and job security? Here is what experts say.

TSMC is discussing a partnership with Elon Musks Terafab but insists on running the chip plant as the Taiwanese giant reports record quarterly profit of NT$763.1 billion.

The dispute centres on whether Yes Banks administrator had the legal authority to cancel the bonds as part of the banks reconstruction plan, leaving investors with losses on their investments.

Over the next five years, people could use AI to support services such as website design, writing, translation, and business consulting, or to build courses, videos and products. 

Broad-based growth across products and channels helped Nestl India record 36% rise in profit and 20.3% jump in sales in the  September quarter 

SGB 2019-20 Series V investors can redeem their bonds at 14,725 per gram on October 15, 2026. Price gains range from 289% to 294%, excluding interest and taxes. Budget 2026 changes mean premature redemption is no longer eligible for the capital gains tax exemption.

David Bachs The Automatic Millionaire argues that building wealth depends less on earning a large salary than on creating habits that make saving and investing automatic.