The Economic Times

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.

Control of the US Senate will hinge on a small group of closely watched races, with Democrats defending seats in Georgia, Michigan and New Hampshire while targeting Republican-held contests in Maine, North Carolina, Ohio, Alaska, Iowa, Texas and Kansas. Democrats need a net gain of four seats for a 51-49 majority, making breakthroughs in several states Trump carried in 2024 crucial to their chances.

Alexander Dobrindt emphasized the need for enhanced intelligence capabilities to address emerging threats facing Germany. He believes the current 'shadow war' surpasses the intensity of the Cold War. The German government is reviewing a reform bill to empower its intelligence agencies. This bill arises from concerns following a recent failed attack linked to Russia. Officials assert that Germany must not lag behind in intelligence development amidst these challenges.

The Delhi High Court sought the city police's stand on a plea by activist Natasha Narwal seeking permission to travel to the United Kindom for an academic conference. The plea follows Narwal's bail in connection to 2020 northeast Delhi riots. Her counsel sought an speedy decision to apply for her visa release, release her passport and purchase tickets.

Economists Robert E. Hall and Michael Woodford won the Economics Nobel, known formally as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, the prize committee announced on October 12.

Veteran investor Sunil Singhania's Abakkus Flexi Cap Fund acquired a 1.15% stake in Aether Industries and raised its holdings in Heritage Foods during Q2 FY27. Meanwhile, the fund appears to have exited Cyient DLM as its holding dropped below 1% following a sharp multi-month rally.

Smallcaps have surged 2.3 times since April 2023, but Carnelian Capital founder Vikas Khemani believes the segment still offers Indias next multibaggers. Despite elevated valuations, stronger earnings growth, greater domestic exposure, and a wider pool of high-growth businesses could create opportunities for investors who focus on stock selection and management quality.

Naman Dhir performed well in his debut T20I series, taking important wickets against the West Indies. He utilizes his batting skills to anticipate batters' intentions while bowling, enhancing his performance. Dhir emphasizes the importance of line, length, and pace variations as an off-spinner. He identifies himself as a batting all-rounder, flexible in his batting position based on the match situation.

The Board of Control for Cricket in India has addressed the rumors regarding the India-Sri Lanka ODI match. According to BCCI Honorary Secretary Devajit Saikia, the match remains scheduled in Delhi. He emphasized that no decision has been made to shift the venue to Ahmedabad. Saikia urged the media to rely solely on official BCCI communications for updates.

Goodluck India shares surged 17% to a 52-week high of Rs 585 after its board approved the proposed merger of Goodluck Defence and Aerospace and Goodluck Green Energy. The restructuring aims to streamline operations, improve market liquidity and strengthen long-term shareholder value, with further details expected later.

The landscape of India's office market is evolving as demand shifts with a notable increase from global capability centres and flexible workspace operators. Traditional IT service firms are experiencing a downturn in leasing activity. While Bangalore retains its status as the top destination for global capability centres, Hyderabad is surging in leasing growth.

Ace investor Dolly Khanna trimmed her stake in Chennai Petroleum Corporation by around 3.85 lakh shares in Q2 FY27. The stock has delivered multibagger returns over three and five years, despite recent monthly weakness.

Siddharth Kapur's new initiative, InsynQ by Quantum, serves as a growth advisory platform geared toward startups and family businesses. This venture concentrates on aiding companies in scaling up via strategic operations and market development. Employing a hands-on partnership model, InsynQ collaborates with leadership to ensure seamless execution, assisting firms in overcoming hurdles associated with growth transitions, and tapping into Quantum's rich data insights and research.

Foreign investor ownership in Indian equities has fallen to a 17-year low of 15.1%, but the absolute value of holdings has risen to around $783 billion. OmniScience Capital attributes the decline in ownership share to faster growth in domestic investor participation.

Reliance Industries could benefit from renewed access to discounted Venezuelan crude, which may boost refining margins at its Jamnagar complex. YES Securities estimates that every $1-a-barrel expansion in blended gross refining margins could generate around Rs 4,200 crore in annualised EBITDA. However, regulatory uncertainty, crude discounts and refinery utilisation will determine whether the opportunity translates into sustained earnings growth and stronger cash flows for investors.

The Supreme Court recently cancelled elections in 50 municipal wards across Punjab's Patiala and Moga districts and ordered repolls within six weeks. The decision follows a fact-finding inquiry that reported serious irregularities, including alleged intimidation of candidates, destruction of nomination papers and obstruction during the election process.

Chief Justice Surya Kant stated that lawyers have the right to participate in peaceful protests at designated locations. Concerns were raised regarding police excesses and the alleged detention of lawyers during recent protests. Senior Advocate Gopal Sankaranarayanan highlighted incidents of violence against protesters and the lack of public orders under relevant laws. The Supreme Court will hear the matter, addressing the concerns of police actions against citizens and lawyers alike.

The Supreme Court of India has prevented the CBI from taking coercive action against Punjab government officials. This directive follows a plea from the Punjab government seeking a stay on a previous high court order. The high court had directed the CBI to investigate alleged corruption involving cash for transfers and favorable policies. The Punjab government argues that the investigation process violates legal protocols intended for public servants.

Moneyview shares have surged since listing, but sustaining the rally will depend on the company

Since the Asian Champions Trophy began, the Indian men's hockey team has enjoyed impressive success, clinching their first title in 2011 and repeating the feat in 2016 against Pakistan. In 2018, the final was a draw with Pakistan due to unfavorable weather. India's latest victory came in 2023 over Malaysia, and they successfully retained their title in 2024 against China, further solidifying their legacy in Asian hockey.

Indian government bonds extended losses on Monday, pushing the benchmark 10-year yield to a three-year high as the RBIs latest liquidity-tightening measures added to selling pressure. Tighter banking-system liquidity can curb banks capacity to invest in government securities, weakening bond demand and pushing prices lower and yields higher.

Jio Platforms proposed Rs 30,000 crore IPO could become Indias biggest-ever share sale, valuing Mukesh Ambanis digital business at up to Rs 11 lakh crore. With global and domestic investors showing interest, the listing will test Jios valuation against Bharti Airtel, potentially reshape telecom sector dynamics and offer investors a direct route to participate in Reliances digital growth story.

Cupid shares fell on Monday after hitting a fresh lifetime high, as investors appeared to book profits following a sharp rally. Despite the pullback, the multibagger stock is up around 245% in 2026 so far, with returns of 630% over one year, 7,485% over three years and 15,000% over five years.

Can Fin Homes shares rallied up to 5% after the housing finance company reported a 10% year-on-year rise in Q2 FY27 net profit to Rs 275 crore. Net interest income grew 7%, while the loan book expanded 10% to Rs 43,539 crore.