The Economic Times

The International Monetary Fund forecasts a global GDP growth of over 3% for 2026 driven by strong AI investment. Despite this growth, downside risks are increasing, leaving many countries vulnerable to rising debt. Key oil-producing nations are expected to face significant recessions due to ongoing conflicts. The outlook for developed economies such as the US and Eurozone is more stable, with growth revisions.

The International Monetary Fund has updated its global growth forecast for 2026 to 3.1 percent. Concerns remain about the economy's resilience amidst geopolitical tensions and depleting oil inventories. Advanced economies are projected to grow more slowly, while emerging markets may face slowdowns. Inflation is expected to remain high, impacting consumer prices worldwide. Policymakers are urged to strengthen fiscal measures and manage inflationary pressures effectively.

The Bank of India has officially marked its 575 crore exposure to Future Enterprises as fraudulent. Previously categorized as a non-performing asset, this account has been sufficiently provisioned. Future Enterprises, helmed by Kishore Biyani, entered insolvency proceedings back in 2022, focusing on retail infrastructure development and managing a variety of subsidiaries and joint ventures across different sectors.

Amid stock market fluctuations, listed asset management companies have successfully held their ground, thanks in part to robust retail investor support. Companies like Nippon Life India Asset Management recorded significant share price appreciation during the first half of FY27. Though SIP inflows dipped slightly from their peak levels, they retained a solid foundation, signaling ongoing investor confidence.

HD Fire Protect is set to generate 712 crore through an offer for sale, marking a pivotal moment in their funding strategy. Following the IPO, the promoter group's share will drop to 85%, down from the current 100%. Renowned for their fire protection solutions, they export over a third of their revenue internationally.

On Monday, Indian equities dipped as crude oil prices surged dramatically after recent attacks on Saudi Arabia. The NSE Nifty 50 and BSE Sensex reversed their earlier positive trajectories, influenced by notable foreign selling. Additionally, worries over the rupee's stability and continual sell-offs from foreign investors decreased market optimism. A reported 1.2% rise in Brent crude intensified fears of potential supply interruptions.

Indian stock markets struggled on Monday, as the Nifty 50 saw a considerable drop. The falls were attributed to increasing bond yields, consistent outflows from foreign institutional investors, and pervasive global concerns. Attention now shifts to forthcoming announcements from major players like HCL Technologies and RBL Bank, with quarterly earnings expected to influence investor outlook.

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Mallika Srinivasan and her daughter, Lakshmi Venu, look for a fair resolution regarding family wealth disputes. Their disagreement involves Venu Srinivasan and Sudarshan Venu concerning wealth distribution within the TVS Group. They emphasize that no equitable settlement has been reached despite ongoing discussions. The family believes transparent valuations and mutual consent are necessary for resolution. Management roles and economic ownership must be clearly distinguished in their negotiation

Maharashtra Charity Commissioner has mandated that Sir Dorabji Tata Trust respond to governance allegations by October 19. Trust members Venu Srinivasan and Vijay Singh have raised concerns over governance lapses. They questioned the trust's recent involvement in Tata Sons' commercial decisions and Noel Tata's role as trustee. Seven Tata Trusts have filed caveats in response to the growing governance dispute.

Early investors GIC & IFC jointly hold 30% in Bandhan Financial Services (BFSL), keen to exit. PE funds tapped too to gauge strategic interest. BFSL, led by Bandhan founder Chandra Shekhar Ghosh, has been working with advisers Jefferies to find strategic investors for 25-32%.

India's top 10 listed blue-chip companies are experiencing a decline in market capitalisation share. This decline is attributed to sustained foreign portfolio investor selling and large-cap stock underperformance. The top 10 companies now account for around 17.65% of the total market capitalisation as of October 9. Despite this, domestic flows are supporting the broader market and smaller companies are outperforming large caps.

US Midterm elections 2026: Republican have a gaping financial advantage over their Democratic counterparts a disparity that has been a rare bright spot for a party that is bracing for major potential losses amid deep voter frustration over the president's performance, stubbornly high prices and the unpopular war with Iran.

Speaking to ET, Nikolaus Lang, managing director & senior partner at BCG highlighted the Indian market as the biggest draw for investors amid a sweeping global realignment. He, however, stressed on sustained focus on infrastructure development, skilling and cost competitiveness for India to further enhance its manufacturing footprint on a global scale.

IRDAI Chairman Ajay Seth said the regulator is examining industry feedback on a consultation paper that is open until October 25, while maintaining that distribution costs must be aligned with the value delivered to the policyholder, and selling incentives must reward persistency rather than first-year sales.

Differences have arisen within the Venu Srinivasan family concerning the economic settlement of their assets. Lakshmi Venu and Mallika Srinivasan stated that no agreement on asset distribution has been reached. They emphasize that management roles do not equate to division of economic interests. Their recent memorandum of understanding mostly addresses brand use and non-compete agreements.

NSE will remove Polycab India from the equity derivatives segment from December 30, 2026, with existing contracts available until expiry. Separately, NCLAT has stayed the NCLT order admitting insolvency proceedings against the company over an alleged Rs 2.79 crore operational debt, pending further orders.

Indian Gas Exchange Ltd has received approval from Sebi to launch an initial public offering. The proposed IPO is exclusively an offer for sale of equity shares by promoter Indian Energy Exchange Ltd. IGX aims to enhance its visibility and strengthen its brand image through this public listing. The company has been operational since June 2020 and reported increasing revenue in recent years.

Singularity AMC, a company rooted in Mumbai, has successfully resolved two significant matters with the Securities and Exchange Board of India (Sebi) concerning violations related to alternative investment funds. As part of the settlement, the firm has paid Rs 40.5 lakh. The infractions included not maintaining the required interest in the Singularity Equity Fund and excessive drawdowns in three of its schemes.

Quant Mutual Fund sold 20.81 lakh shares of Jubilant Pharmova worth Rs 190.47 crore in bulk deals, while Abakkus Four2Eight Opportunities Fund bought 11 lakh shares. The transactions came as the pharmaceutical company approved plans to raise up to Rs 800 crore through non-convertible debentures and seek broader debt issuance authorisation.

SBI economists are advocating for the elimination of long-term capital gains tax to stimulate sustained investment in Indian equity markets. This proposal arises amid substantial foreign portfolio investor withdrawals exceeding Rs 3 lakh crore this year, prompting concerns. Furthermore, the lack of AI-focused stocks is contributing to these market exits.

The numbers, first reported by the New York Times ahead of this week's federal filing deadline, were confirmed by Andrew Romeo, a spokesperson for Musk's super PAC. The money includes $158 million given to the Senate Leadership Fund, the main super PAC supporting Republican Senate candidates, one of the largest known political donations in American history.

Kerala Pradesh Congress Committee President Sunny Joseph confirmed the removal of an individual responsible for an offensive social media post. This decision followed a lack of consent from the KPCC leadership regarding the controversial remarks against CJI Surya Kant. The KPCC reaffirmed its support for the judiciary's impartiality and clarified that opposing views do not reflect its stance.

Analysts recommend five stocks for Tuesday, including Astra Microwave, Manappuram and Laurus Labs, citing bullish chart patterns, improving momentum and breakout signals. Here are the targets and stop-loss levels.

Indian benchmark indices reversed early gains on Monday, with the Sensex falling 548 points and the Nifty closing below 22,400 amid persistent FII selling, rising bond yields and geopolitical concerns. Investors will track key stocks, global cues, crude oil prices, inflation data and earnings expectations for Tuesdays market direction.

CreditAccess Grameen is in the process of securing a $175 million loan from several international lenders. This funding will help enhance the company's liability profile and is essential for financial management. The company intends to raise a significant portion of its annual borrowing requirements through external commercial borrowings. Financial officials noted that current hedging costs are rising but manageable overall.

ICICI Prudential AMC reported a 6.1% year-on-year rise in Q2 FY27 net profit to Rs 889 crore, while revenue from operations grew 16.3% to Rs 1,674 crore. The company declared an interim dividend of Rs 30 per share, with October 21, 2026, set as the record date. Its quarterly average AUM rose 14.4% to Rs 11.61 lakh crore.

Four BSE 500 stocks, including PVR Inox, PTC Industries, Aditya Infotech and Laurus Labs, hit fresh 52-week highs despite a decline in benchmark Sensex, gaining up to 13% in a month.

HCLTech has declared an interim dividend of Rs 12 per share for FY27, with October 16 set as the record date and October 26 as the payment date. The IT major reported a 21% year-on-year rise in Q2 net profit to Rs 5,132 crore and announced a global partnership with Anthropic.

Sahajanand Medical Technologies has set a price band of Rs 327-344 per share for its Rs 475.48 crore IPO, which opens on October 15 and closes on October 19. The issue is entirely an offer for sale, with shares scheduled to list on the BSE and NSE on October 22.

Indian equity markets ended lower on Monday as rising bond yields and continued FII outflows weighed on sentiment. The Nifty fell 0.70% to 22,363, while the Sensex lost 0.76% to 71,925. FMCG stocks led sectoral losses, while auto stocks gained. Dr Reddys and Bajaj Auto topped Nifty gainers.

Is the US Stock Market Open on Columbus Day 2026? NYSE, Nasdaq, Dow Jones and S&P 500 trading hours - The New York Stock Exchange and Nasdaq remain open for regular trading sessions today, Monday, October 12, 2026. Normal trading hours run from 9:30 a.m. to 4:00 p.m. Eastern Time. Investors buying and selling equities, options, and exchange-traded funds can process transactions without interruption.

HCL Tech Q2 Results: HCL Tech's board declared a second interim dividend of Rs 12 per share for the financial year 2026-27. The record date for the payment of the interim dividend will be October 16 and the payment date is October 26, 2026.

In October 2006, a remarkable event occurred when a Chinese Song-class submarine shadowed the USS Kitty Hawk without detection during naval drills. The submarine emerged surprisingly close to the carrier but refrained from engaging, prompting debates among military experts about whether this was intentional or an accident. Years later, the decommissioned USS Kitty Hawk was sold for just a cent, stirring concerns among veterans about its fate.

JD(U) spokesperson Rajeev Ranjan accused Congress leader Rahul Gandhi of abusing the Eleciton Commission (EC) and said it would not be enough to win the elections. He said the party responsible for India's independance was shrinking and admonished Gandhi for failing his party to secure more than 100 seats in the Parliament. He claimed the Congress was facing difficulties and alleged discord within the party.

Opposition leaders organized a protest march towards the Supreme Court to file a petition regarding alleged electoral fraud. The march, named March for Democracy, was led by prominent figures like Rahul Gandhi and Mallikarjun Kharge. Participants included supporters and activists who joined the protest against Chief Election Commissioner Gyanesh Kumar. Police stopped the march at barricades on Bhagwan Dass Road in Delhi.

Grasping the nuances of bike loan interest rates is essential for effective repayment management throughout the loan duration. Elements such as your credit history and income level heavily dictate the rates provided by lenders. Its wise to factor in the complete borrowing expenses, including additional fees. Leveraging an EMI calculator can assist future borrowers in projecting their monthly installments and making informed comparisons.

Elara Securities has initiated coverage on Adani Power with an Accumulate rating and a target price of Rs 220, implying 17% upside. The brokerage expects capacity expansion from 18.3 GW to around 42 GW by FY32 to drive growth, while flagging execution risks, rising debt and limited valuation headroom.

Building a 1,000 crore enterprise requires founders to reconsider how they lead, allocate capital and prepare their organisations for greater complexity. The Economic Times Founders Growth Retreat, taking place from December 4 to 7, 2026, will bring business leaders together to examine the decisions that shape sustainable growth.

India's retail inflation accelerated to 5.54% in September 2026, a notable rise from August's 4.83%. This jump is particularly linked to rising food prices, predominantly in vegetables. Rural inflation hit 6.08%, outpacing urban inflation at 4.88%. In response, the Reserve Bank of India increased the benchmark repo rate by 25 basis points on October 7, 2026, and revised its inflation outlook for the fiscal year 2027.

Nepal Flash Floods Reason: Nepal has witnessed another flash flood after a landslide blocked the Budhi Gandaki River in Gorkha district. Here's why repeated floods are hitting the Himalayan country, how climate change and unstable mountain slopes contribute to the risk, and why India needs to monitor downstream rivers.

Jefferies has maintained its Buy rating on Adani Green Energy, setting a target price of Rs 1,695, implying 35% upside from the recent close of Rs 1,255. The brokerage sees the stocks 22% correction from its peak as an opportunity, citing attractive valuations, rising power demand, improving utilisation at Khavda and expansion in battery storage.

India secured a 14-run victory in the third T20 International against West Indies, leading the series 2-1. Arshdeep Singh played a crucial role by taking three wickets, effectively resigning Shai Hope for just five runs. The bowlers executed their strategy successfully, limiting West Indies to 209 after batting first. Arshdeep also contributed with the bat, scoring 11 runs including a six.

A Shimla consumer commission has ordered a lender to pay a borrower the market value of around 103 grams of pledged 22 carat gold, plus Rs 50,000 as compensation and costs. It found the lender did not follow RBI rules on consent and notice for surprise verification of pledged gold.

Amenhotep III's tomb has been reopened to the public after undergoing significant restoration in Egypt. Initially unearthed during Napoleons expedition in 1799 and thoroughly excavated in 1915, the tomb still showcases remarkable wall paintings and hieroglyphs, despite extensive looting. Amenhotep III, who ruled for an impressive 38 years, was responsible for erecting numerous grand monuments. His mummy is currently housed at the National Museum of Egyptian Civilisation in Cairo.