SENSEX
NIFTY
GOLD
USD/INR

Weather

image 25    C

Business News

Livemint

Business / Livemint

159.59 crore salary shortfall: Mizoram's autonomous councils say DA, pay revisions, increments straining finances

Mizoram's three autonomous councils are facing a salary shortfall of 159.59-crore salary shortfall and appealed seeking intervention from the state government. They said successive pay revisions, DA, annual increments and promotions had increased the financial strain. 

7 Oct 2026 11:54 pm
Punjab National Bank, Indian Bank raise lending rates after RBI repo rate hike Here's what this means for customers

After the RBI raised its repo rate to 5.50%, Punjab National Bank, Indian Bank, Bank of Baroda, Bank of India, Indian Overseas Bank and Tamilnad Mercantile Bank increased their lending rates. Here's what this means for customers

7 Oct 2026 11:33 pm
Export bonanza: How this Bengaluru farmer makes 50,000 a day by growing baby bottle gourds for Qatar market

Farmer Karigowda, who owns a 3.5-acre farm in Karlapura Palya in Bengaluru Urban district, grows bottle gourds that weigh around 500 grams each.

7 Oct 2026 11:07 pm
EPFO shares security advisory: Here's how to safeguard your account, in simple steps

The EPFO issued a security advisory urging members to protect personal and financial information. It warned against sharing sensitive data and warned of phishing attempts, emphasizing the use of official portals only while remaining vigilant about suspicious links.

7 Oct 2026 10:51 pm
RBI hikes repo rate by 25bps: What it means and how it impacts you | All FAQs answered

The RBI's 25-basis-point repo rate hike on 7 October is aimed at curbing inflation. This increase could raise borrowing costs for loans, affecting monthly repayments, while potential adjustments to deposit rates may also occur.

7 Oct 2026 10:12 pm
What happens to FD interest rates after RBI MPC hikes interest rates? Calculation explains basis 25 bps

The Reserve Bank of India raised the repo rate by 25 basis points to 5.50%, marking its first increase since February 2023. Here's a look at whether this could impact fixed deposit rates and what any transmission would mean for your funds 

7 Oct 2026 9:15 pm
RBI says NBFC ban on revolving credit is a clarification, not a new rule

In a draft circular released on 6 August, the central bank proposed limiting NBFC lending strictly to term loans.

7 Oct 2026 8:43 pm
Property or mutual funds? Where should NRIs invest their India-linked wealth? Explained

For NRIs, investing in both property and mutual funds can diversify portfolios. Check where they should invest their India-linked wealth.

7 Oct 2026 8:27 pm
Want to withdraw money from your provident funds through UPI? Testing starts: Here are 3 things you should know | Report

EPFO is testing a UPI withdrawal facility. This will allow subscribers to withdraw their balance more conveniently. Here are 3 things you should know.

7 Oct 2026 8:16 pm
IATA asks airlines to negotiate Mumbai slot cuts, seek longer transition period

Adani Airport, which operates the Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Mumbai, had proposed temporarily discontinuing 265 of 770 weekly international departure slots from T2 of the airport from 25 October as part of the transition of international operations to Navi Mumbai. 

7 Oct 2026 7:32 pm
RBI turns hawkish on inflation, but rate hikes could test growth momentum

The RBI's rate path from here on remains data dependent beyond December 2026. However, the bar for a December pause is much higher now.

7 Oct 2026 7:13 pm
EPFO wage ceiling hiked to 25,000: Likely enhancements in social security coverage pension, insurance, explained

The Cabinet increased the EPF wage ceiling to 25,000, expanding coverage for 51 lakh employees. This change, the first in 12 years, raises employer contributions and enhances pension benefits for long-term subscribers, impacting total accumulated corpus.

7 Oct 2026 7:11 pm
Goenkas' RPSG bets on energy, chemicals, ITeS as its growth engines

CESC Ltd, the groups utility arm, deals with power distribution as well as renewable energy generation under its subsidiary Purvah Green Power Pvt Ltd. It has a market capitalization of a little over 17,400 crore.

7 Oct 2026 7:07 pm
5 money lessons from international bestseller I Will Teach You to Be Rich by Ramit Sethi

Ramit Sethi's I Will Teach You to Be Rich is an international bestseller. Here are 5 money lessons from the personal finance book.

7 Oct 2026 7:01 pm
Ericsson to export India-made antennas to Europe: How the country's 5G success is powering the leap to 6G

The company also sees India's rapid 5G rollout as giving the country a competitive advantage as the telecom industry prepares to move towards 6G.

7 Oct 2026 6:55 pm
RBI removes Paytm Payments Bank from list of scheduled banks after cancellation of banking licence What we know

The Reserve Bank of India has removed Paytm Payments Bank from its list of recognised scheduled banks due to non-compliance with regulations. The bank's licence, cancelled in April 2023, was deemed detrimental to depositors' interests.

7 Oct 2026 6:34 pm
Bajaj Finance raises FD rates by up to 40 bps; senior citizens can earn up to 8.15% check details

Bajaj Finance has raised FD interest rates by 15-40 basis points across 12-60 month tenures. Senior citizens can now earn up to 8.15% on fresh deposits and 8.25% on renewals, while regular depositors can earn up to 7.75% and 7.85%, respectively.

7 Oct 2026 6:30 pm
RBI hikes rates, but banks may hold off on raising deposit rates

A surge in FCNR(B) deposits has left banks flush with liquidity, reducing the immediate pressure to compete for deposits even as the RBI begins to drain the surplus.

7 Oct 2026 6:17 pm
Billionaires like former Twitter CEO Parag Agrawal are bullish on artificial intelligence: Check options to invest in AI

India's AI sector is gaining prominence, with 19 individuals listed on the M3M Hurun India Rich List 2026, collectively worth 3.07 lakh crore. 

7 Oct 2026 5:54 pm
Hindustan Unilever detergent price hike: Surf Excel Easy Wash, Rin and Wheel prices revised; check new rates here

Hindustan Unilever has raised detergent prices in October, affecting brands like Wheel, Rin, and Surf Excel. This year, Surf Excel products saw multiple price hikes due to rising input costs, including increased palm oil and packaging expenses.

7 Oct 2026 5:28 pm
Jet fuel shock: Govt explores price stabilisation fund relief for airlines as ATF prices climb

India is contemplating reviving jet fuel price stabilisation fund amid rising prices, influenced by geopolitical turmoil. Discussions are ongoing with airlines and oil-marketing companies, as ATF constitutes 40% of airline expenses. IndiGo has raised its fuel surcharge in response to soaring costs.

7 Oct 2026 5:08 pm
From first sale to 100 crore: The new playbooks building consumer brands in India

Three post-pandemic consumer businesses show how founders are finding customers, developing products, building brands and scaling in a market where the barriers to entry have fallen.

7 Oct 2026 5:07 pm
Flipkart's ex-employees press Walmart for fair ESOP treatment ahead of IPO: Report

Flipkart's ex-employees have approached Walmart's board, seeking fair treatment for their vested ESOPs ahead of the company's planned IPO. Over 30,000 employees may receive 38,000 crore from buybacks. Here's a look at the latest 

7 Oct 2026 4:40 pm
RBI to share views on Irdais proposed insurance distribution overhaul

RBI governor Malhotra said RBI has not formed a view on Irdais proposed distribution reforms but will share its comments.

7 Oct 2026 4:39 pm
Bank account nominee dies before the holder? Know what happens to the money

What happens if a bank account nominee dies before the account holder? Know the latest rules on simultaneous and successive nominations, how the deceased nominees share is treated, and what legal heirs may need to do to claim the money.

7 Oct 2026 4:35 pm
Lost your credit card? 5 steps you should take immediately to avoid fraud

Lost your credit card? Acting quickly can help limit the risk of unauthorised transactions and fraud. Block the card, disable contactless payments, check recent transactions, secure digital wallets, report suspicious activity and request a replacement card.

7 Oct 2026 3:02 pm
RBI rate hike: Debt funds, equities, FDs or gold, which asset classes may benefit as the rate cycle turns? Expert view

RBIs 25 bps repo rate hike could reshape returns across debt, equity, FDs and gold. Experts explain which asset classes may benefit, where investors could face pressure and how to position portfolios as the rate cycle turns.

7 Oct 2026 2:49 pm
New FEMA rules: RBI clarifies what freelancers and small exporters need to report; FAQs to be released soon

RBI has clarified reporting rules under the new FEMA trade regulations effective 1 October. Individuals are not required to report personal imports or exports, while small exporters with bills up to 10 lakh can use self-declaration and an invoice.

7 Oct 2026 2:08 pm
8th Pay Commission Bengaluru meeting today: Postal employees seek higher pay, HSG-I upgrade

The 8th Pay Commission begins its Bengaluru meeting today as employee unions push key demands on pay, allowances and service conditions. Postal employees have sought Level 9 for HSG-I, Level 10 or above for HSG-I (NFG), Group B gazetted status and a 10% responsibility allowance.

7 Oct 2026 1:34 pm
Planning an adventure holiday? Check if you have the right travel insurance

Adventure sports such as diving, trekking and rafting may not be covered by standard travel insurance. Heres what Indian travellers should check before buying a policy.

7 Oct 2026 1:33 pm
UPI MDR from 15 October: RBI Governor says small fee unlikely to hit transaction volumes

UPI MDR takes effect from 15 October for select merchant transactions above 2,000. RBI Governor Sanjay Malhotra said he does not expect the small fee to have a major impact on UPI volumes, while consumers will not be charged.

7 Oct 2026 1:04 pm
Starlink says India operations built around security rules as launch awaits government clearance

Starlink says it has kept India user data within the country and built local infrastructure as satellite internet providers await final regulatory and security approvals.

7 Oct 2026 1:02 pm
RBI to make account aggregators interoperable; integrate demat and deposit data

Account aggregators interoperability can allow customers to access the ecosystem seamlessly irrespective of the account aggregator.

7 Oct 2026 12:45 pm
RBI repo rate hike: How will the 25 bps increase affect your home-loan EMI? Experts explain

RBI has raised the repo rate by 25 bps to 5.50%, increasing borrowing costs for consumers with floating-rate loans linked to external benchmarks. Home-loan borrowers may see the hike reflected through higher EMIs, longer repayment tenures or both, depending on their lenders mechanism.

7 Oct 2026 11:48 am
Mint Explainer: How are Indians shopping for home and kitchen this Diwali?

Higher input costs and consequent price hikes could weigh on sales.

7 Oct 2026 11:31 am
RBI MPC speech: FDI, forex reserves, credit growth what Governor Sanjay Malhotra said on global financials

Governor Sanjay Malhotra highlighted stronger FDI inflows, $734.6 billion forex reserves and 18.1% bank credit growth, while noting $10.3 billion FPI outflows amid global financial risks.

7 Oct 2026 11:19 am
RBI rate hike: What happens to existing and new fixed deposits? Experts weigh in

The RBI repo rate hike to 5.50% may benefit fixed deposit investors over time. Here is what the rate hike means for existing FDs, new deposits, FD renewals and interest rates.

7 Oct 2026 11:17 am
Beyond the diaspora: Indian music artists are ready for a true global crossover

Indian music artists are making strides on the global stage, primarily through diaspora connections. Experts advocate strategic marketing and international collaborations to broaden their appeal as independent Indian artists shift away from reliance on film for global success.

7 Oct 2026 10:45 am
UPI MDR Charges: Will newly introduced fees impact your Diwali, Dhanteras shopping bills?

UPI MDR will apply to select merchant transactions above 2,000 from 15 October 2026, but consumers will not have to pay the charge. Heres what the new rules mean for Diwali and Dhanteras shopping, including high-value purchases.

7 Oct 2026 10:32 am
What Lionel Messi's career teaches us about building long-term wealth: 5 key money lessons

Lionel Messis career with Argentina offers valuable lessons for building long-term wealth. From staying consistent and adapting to setbacks to diversifying income and planning beyond peak earnings, these five money lessons can help investors build stronger financial habits.

7 Oct 2026 10:09 am
Gold and silver price today, 7 Oct: Check retail rates of 24K, 22K gold and 999 silver in Mumbai, Delhi, other cities

Gold and silver prices today, 7 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.

7 Oct 2026 9:42 am
Let commissions fall: Why we should welcome the Irdai reforms

Irdais proposed commission reforms are a step forward, but better claims data are needed to ensure consumers can judge not just what insurance costs, but what it delivers.

7 Oct 2026 9:00 am
Retired professor waited 12 years for pension benefits, Telangana rights panel directs NIMS to pay within 3 weeks

A Telangana retired professor waited nearly 12 years for his pensionary benefits after taking voluntary retirement. The Telangana Human Rights Commission has now directed NIMS to settle his dues within three weeks.

7 Oct 2026 8:34 am
8th Pay Commission Bengaluru meeting today: 5 latest updates central govt employees need to know

The 8th Pay Commission begins its meetings in Bengaluru today. Here are the five latest updates on consultations, fitment factor, salary, allowances and pensions, and what central government employees and pensioners should know about the ongoing process.

7 Oct 2026 7:46 am
Paid a large credit-card bill in cash? ITAT ruling explains when the tax department can question the source of money

A Jaipur ITAT ruling offers relief to taxpayers making large cash payments from bank withdrawals. The tribunal said every credit-card payment need not be matched to a specific withdrawal if the taxpayer can establish the source and availability of the cash.

7 Oct 2026 7:19 am
Pay for performance: How Indias staffing model is getting a makeover

Major staffing firms Quess, TeamLease, and Adecco report that clients are shifting from flat fees to output-based billing. Vendors now manage workforce performance, facing penalties if targets are missed and earning rewards when they deliver

7 Oct 2026 6:00 am
10,000 SIP to 46 lakh in October 2026: Which mutual fund scheme created the most wealth for investors over 10 years?

A 10-year SIP can significantly grow wealth through the power of compounding. We look at the top-performing active diversified equity funds and hybrid funds, their long-term SIP returns and how a 10,000 monthly investment could have grown over a decade.

7 Oct 2026 1:13 am
Gurgaon homebuyer waits decade for flat; builder ordered to refund 1.73 crore with 12% interest

The commission's decision took into account the circumstances surrounding the purchase and the prolonged failure to hand over possession

7 Oct 2026 12:01 am
RBI 25-bps rate hike or status quo: What should mutual fund investors do after the policy announcement? Expert explains

The RBI may raise the repo rate by 25 bps or hold it at 5.25%. What should investors do with their equity, debt, arbitrage and gold allocations under either scenario? Experts explain how to navigate the decision and what portfolio changes to make. 

6 Oct 2026 11:48 pm
Shatabdi Express Wheel Skid: Why has Railway Board ordered a probe into wet-track braking

The Railway Board has asked RDSO to investigate a WAP-5 locomotive wheel skid on wet rails during emergency braking by a New Delhi-Chandigarh Shatabdi, and review track fencing after cattle incursion.

6 Oct 2026 11:46 pm