The Economic Times

The interest on the underlying loan will remain exempt from GST. The 18% levy will apply to the taxable service supplied by the NBFC to the bank in the co-lending arrangement. The committee also decided to align the valuation of the NBFC's service with the methodology prescribed by the Reserve Bank of India.

According to the industry, major concerns in this segment include 'harvest now, decrypt later' threats, where cyber adversaries stockpile encrypted banking data for future quantum decryption. The finance ministry has also asked banks to assess post-quantum vulnerabilities and initiate mitigation measures, said an official, who did not wish to be identified. Each bank can prepare its internal strategy, but there has to be some common industry parameters, he added.

Sunny Deol will reprise his role as Arjun Mehra in the upcoming sequel 'Ikka 2'. Akshaye Khanna will not return, indicating a significant change in the franchise. The sequel will focus on a new storyline rather than continuing the first film's plot. Production is expected to start next year after finalizing the screenplay and theme. Both actors have busy schedules with several upcoming projects on the horizon.

K T Rama Rao took a stand against Rahul Gandhi, condemning his undemocratic behavior during a protest in Delhi. He pointed out Gandhi's involvement in the political chaos in Telangana through ties with Revanth Reddy. The situation worsened with the arrest of BRS leader Krishank Manne, who is linked to allegations concerning Reddy.

During the first half of the fiscal year 2026-27, private sector banks saw their share in the tri-party repo market come down, while public sector banks boosted their position in the collateralised overnight money market. Notably, mutual funds maintained a strong presence in the tri-party repo market.

Indian markets ended lower on Wednesday as the Sensex fell 429 points and Nifty dropped over 173 points, snapping a two-session rally. Investors reacted to the RBIs rate hike and calibrated tightening stance, while banking stocks gained and broader sentiment remained cautious.

Analysts recommend five stocksBlack Box, Deep Industries, MRPL, Leela Palaces and Kotak Mahindra Bankfor medium-term gains after the RBI shifted to calibrated tightening. Technical setups show breakouts, bullish momentum and strong support, while investors await September-quarter earnings and management commentary.

CARE Ratings has upgraded the long-term rating of Adani Enterprises to 'AA', affirming a stable outlook. This elevation underscores enhanced financial adaptability, attributed to recent capital influx and subsidiary stake divestitures. With profit growth likely, supported by a resurgence at Kutch Copper Limited and continued airport operations, coupled with the promoter family's substantial holdings, Adani's strategic significance is reinforced.

India could unlock a 1% GDP opportunity by reducing productivity losses from equipment breakdowns, unplanned downtime and inefficient assets, industry leaders said at MRAM Expo 2026. With 88% of Indian industrial businesses reporting monthly unplanned outages, experts are pushing predictive, data-driven maintenance to improve output and extend asset life.

Kenso Soai and Henri B. Kagan won the 2026 Nobel Prize in Chemistry for discoveries involving non-linear effects and autocatalysis. Heres what the Soai reaction is, how a tiny molecular imbalance can be amplified, and why the breakthrough matters for chemistry and the mystery of homochirality.

The Reserve Bank of India has set a Rs 25,000 crore threshold for banks to adopt new credit risk approaches. Banks with considerable derivative exposure or international presence will come under this rule. Lenders below this threshold can choose alternative risk measurement methods.

Ola Electric has announced a rights issue price of Rs 27 per share, significantly below its market value, aiming to garner up to Rs 1,000 crore. Investors will pay 60% of this amount upfront, with the remainder due later. Chairman Bhavish Aggarwal intends to fully subscribe to his portion, using a pledged stake. This funding could ease debt burdens and assist the company in achieving cash breakeven.

Nandini milk prices: The prices of Nandini Milk are expected to rise by Rs 8 per litre, pending Election Commission clearance. This hike will mark the fifth increase since November 2022 and aims to support milk producers facing challenges. The government plans to implement the new prices by November 1, contingent on approval. Of the increase, Rs 6 will benefit milk producers while Rs 2 will go to milk unions.

Adani Enterprises secured its highest-ever credit rating after CARE Ratings upgraded its long-term rating to CARE AA; Stable from CARE AA-; Stable. The agency cited stronger financial flexibility following a Rs 15,000 crore QIP and Adani Airports stake sale.

School holiday news: On October 8, 2026, most schools across India are set to operate normally and hold classes. Local disruptions, particularly due to weather, may lead to specific closures in certain areas. Parents are encouraged to verify school schedules and follow district notifications closely. Schools in states like Delhi, Uttar Pradesh, and West Bengal are expected to remain operational.

The NSE has cautioned investors about the escalating hazards linked to international exchange-traded funds as they experience steep premiums. While certain ETF prices have risen dramatically, their underlying net asset values stay constant. This disparity is primarily due to supply limitations and new regulations impacting ETF units. Investors should proceed cautiously; purchasing at inflated prices may result in sudden declines.

Jefferies expects RBIs 25-basis-point rate hike and calibrated tightening stance to support bank earnings, particularly ICICI Bank, SBI and Axis Bank. Faster loan repricing could drive margin expansion, while smaller private banks, NBFCs and life insurers may face greater pressure.

The Sensex fell 429 points to 72,638 on Wednesday, but five BSE Commodities Index stocks hit fresh 52-week highs. Valiant Organics led gains, followed by OCCL, Tatva Chintan Pharma Chem, Fine Organic Industries and Manali Petrochemicals.

ET Alpha Wealth Summit 2.0 brings together leading investors, wealth managers and family-office professionals to decode the forces shaping the next investment cycle. From global capital flows, private credit and alternatives to family offices, GIFT City, SIFs and AI, the summit explores new opportunities and evolving approaches to wealth creation.

Marcellus Investment Managers has partnered with VanEck to expand its global investment offering for Indian investors through a multi-asset strategy. The portfolio will span global equity and bond ETFs, commodities and real assets, giving high-net-worth investors access to diversified global exposure and dollar diversification through Marcellus GIFT City.

Indian equities remain under pressure, but recent mainboard IPOs are bucking the trend. Data cited by Zerodha CEO Nithin Kamath shows 67.2% of 125 IPOs listed between October 2025 and September 2026 traded above issue prices, with median returns of 24.7%.

Indian equities ended lower on Wednesday after the RBI raised the repo rate by 25 basis points to 5.5% and shifted its stance to calibrated tightening. The Nifty and Sensex fell 0.76% and 0.59%, respectively, while Titan Company, Adani Enterprises and Hindalco led losses. Kotak Bank and Bharti Airtel topped gainers.

The liquidity from the foreign currency non-resident deposits is likely to stabilize bank deposit rates temporarily. This situation will allow banks to benefit from higher lending rates associated with floating rate loans. Despite the current surplus liquidity, analysts foresee a shift towards neutrality by the end of December. The Reserve Bank of India emphasizes the importance of proper usage of these deposits for economic stability.

The World Health Organization has sought further information from Russia regarding the death of a laboratory worker. Reports indicate that Darya Shipilova died from pneumonia, with health officials indicating no plague cases among contacts. International concern has escalated, prompting questions about the cause of her illness. Transparency is deemed essential for assessing potential public health risks related to this incident.

India's External Affairs Minister S Jaishankar is visiting Ghana to strengthen bilateral relations and discuss strategic cooperation. He held talks with his Ghanaian counterpart regarding trade, investment, and multilateral cooperation. India plans to support Africa through technology, energy, and capacity building initiatives while enhancing their strategic autonomy. Jaishankar highlighted the importance of supply chain resilience and empowering the continent's youth.

Scores of workers from AAP and other political parties protested for the resignation of Chief Election Commissioner Gyanesh Kumar. The protesters criticized the deletion of millions of voters' names from the electoral rolls in Delhi. Saurabh Bharadwaj emphasized their protest is for constitutional rights, not personal rivalries. Planned protests are set for October 10 at Jantar Mantar regarding these electoral issues.

The Reserve Bank of India has shifted its policy stance to calibrated tightening amid rising inflation concerns. A rate hike of up to 50 basis points is anticipated in December, increasing the current benchmark rate. Various economists emphasize the likelihood of cumulative rate increases over the next months. Rising commodity prices and global market volatility are influencing these monetary policy decisions.

Yashoda Lodhi, known as English with Dehati Madam, has seen her online following grow after Priyanka Chopra shared her farm video on Instagram. The Uttar Pradesh-based content creator now has more than 583,000 Instagram followers and over 400,000 YouTube followers. Her work has also received attention from Mrunal Thakur, Abhay Deol and R Madhavan.

The World Health Organisation has confirmed that Russian authorities reported no cases of plague in Siberia. A laboratory worker at the Irkutsk Anti-Plague Research Institute recently died from pneumonia. Investigations revealed she had a typical acute respiratory viral infection and not pneumonic plague. Russian officials have completed contact tracing and concluded that the epidemiological situation remains stable. US officials are advising Russia to share more information about the ongoing in

An 80 year old retired ordnance factory manager, his wife and their house help were murdered at their Dehradun home on Tuesday after a plumber got into an argument over payment for repair work he had done. Accused allegedly stabbed all three with a screwdriver before fleeing with a gold chain, and was caught by neighbours soon after.

The Northern Lights forecast looks promising, but seeing the Aurora Borealis is never guaranteed. Much depends on the magnetic orientation of the incoming cloud. It could lead to a sky filled with glowing curtains of light. Or the display could turn out to be much weaker than expected.

New Delhi's Municipal Corporation is set to enhance mid-day meals for children in its schools. Starting in November, new vendors will introduce diverse and appealing meal options like oat cookies and fruit. The menu will retain popular dishes, with additional variations to encourage healthier eating habits. Nutritional standards, requiring specific calorie and protein intake, will be maintained by regulated food checks.

CM Vijay: Tamil Nadu Chief Minister Joseph Vijay inspected Aavin's Madhavaram dairy complex in Chennai and inaugurated a new Rs 2.23 crore laboratory annex building, at a time when residents are reporting shortages of Aavin milk at retail outlets across the city. The visit comes weeks after the state hiked milk procurement price twice in August, taking it from Rs 38 to Rs 44 a litre.

Union Environment Minister Bhupender Yadav addressed COP31 priorities during the Pre-COP31 meetings in Fiji. He highlighted the need for bridging knowledge gaps and fulfilling climate obligations effectively before upcoming conferences. Yadav conducted bilateral talks with UN officials, focusing on significant climate priorities such as adaptation and climate finance.

CBSE Class 10 and Class 12 board exam date sheet 2027 is expected to be released soon. Students can use the previous examination schedule and CBSEs 2026-27 sample papers to begin preparation while waiting for the final timetable. The 2027 board exams are expected to be held in February and March, with students advised to check dates, timings and instructions carefully once the schedule is released.

RBIs first repo rate hike in nearly four years highlights why interest rates matter for stock valuations, echoing Warren Buffetts long-held view that higher rates can weigh on asset prices.

HD Fire Protect has fixed the price band for its Rs 712.31 crore IPO at Rs 258-271 per share. The issue will open on October 13 and close on October 15, 2026. Entirely an offer for sale, the IPO will see promoters sell 2.63 crore shares, with the company receiving no proceeds from the issue.

As France grapples with escalating borrowing costs and a dwindling euro, the urgency for bolstered fiscal stability intensifies. With the presidential election on the horizon, tension mounts from political factions and public unrest. Far-right figure Marine Le Pen advocates for drastic cuts in spending, championing deficit control. Yet, doubts linger regarding her administration's capacity to enact these strategies as the financial climate adds complexity to the looming electoral decisions.

ITC Infotech has launched the VANGUARDS program aimed at fostering high-potential engineers to drive AI transformation. This program connects technical expertise with business needs to achieve measurable outcomes. VANGUARDS engineers will work directly within client environments to enhance innovation and improve alignment between teams. The initiative reflects a shift from experimentation to scalable execution of AI solutions. Organizations can expect improved speed in realizing AI investments t

Auto stocks including Tata Motors PV, Maruti Suzuki, M&M and Ashok Leyland dropped on Wednesday after the RBI raised the repo rate and shifted to calibrated tightening. Analysts expect Q2 revenue growth to remain strong, but rising commodity costs, limited pricing power and elevated inventories could pressure margins and demand.

Shares of Pine Labs, Moneyview and other fintech firms rose after the RBI announced interoperability among NBFC account aggregators. The move will let customers share financial information across different account aggregators through a single account, without fresh registration, subject to their consent.

India could emerge as a global hub for responsible digital asset innovation by combining its strong technology talent, blockchain expertise and digital infrastructure. The convergence of AI and onchain technologies could enable agentic commerce, stablecoin payments and programmable finance, while thoughtful regulation, consumer protection and innovation can strengthen Indias leadership.

RBIs 25-bps repo rate hike to 5.50% was largely expected, but its shift to calibrated tightening surprised markets and signals that near-term rate cuts are unlikely. Analysts expect selective pressure on rate-sensitive sectors, while banks with stronger balance sheets may remain relatively better placed amid rising inflation and crude prices.

In Q2FY27, Trent demonstrated impressive financial performance, achieving a remarkable 23% increase in revenue compared to the previous year. This achievement is particularly noteworthy given the challenges other retailers faced during the festive period. With continued expansion in store locations for both Zudio and Westside, analysts are split on future prospects, balancing optimism for recovery against caution as the market awaits consistent revenue growth.

HDFC Bank shares have witnessed a significant decline, dropping nearly 15% in the last quarter following unsatisfactory first-quarter results. With Anup Bagchi now at the helm as CEO, leadership transitions are anticipated to impact the bank's trajectory. Investors are eagerly awaiting the Q2 earnings report on October 17, hoping it will shed light on growth strategies.

Indias Q2FY27 earnings season is expected to mark a strong recovery in corporate profitability, with Nifty 50 earnings projected to grow 27% YoY, the highest in 17 quarters, according to Motilal Oswal. While resilient domestic fundamentals and liquidity support the outlook, persistent FII outflows, weak foreign investor sentiment and global macroeconomic pressures remain key challenges for Indian equities.