The Economic Times

The lender is investigating a potential breach of limited data pertaining to its vehicle-loan customers. The data was hosted on a third-party software platform operated by Salesforce.

An analysis of 10 banks shows that reported deposit growth averaged 21.1% year-on-year during July-September. However, excluding the special foreign currency inflows, domestic deposit growth was estimated at just 12.2%-a massive gap of nearly nine percentage points.

In Manipur, ethnic violence has led to significant casualties and displacement since May 2023. The Suspension of Operations agreement with Kuki militant groups has faced opposition by the Meitei and Naga communities. Several SoO cadres are accused of involvement in recent conflicts and violence. The future of the SoO agreement remains uncertain, raising concerns among local communities. Assembly elections will soon bring these issues to the forefront of political debate.

Isro successfully launched its GSLV-F18 rocket carrying the 2,250-kg NVS-03 satellite from Sriharikota at 11:51 pm on Friday. The mission aims to strengthen India's indigenous NavIC navigation system through upgraded satellite capabilities, including an indigenous atomic clock and the addition of the L1 frequency signal alongside existing L5 and S-band signals.

Thirty-six Bangladeshi nationals were apprehended in Dhubri for allegedly entering India without valid documents. Authorities received a tip-off regarding a potential mass transit of infiltrators through the area. The arrests took place early in the morning at the Jogamaya ferry ghat of the Brahmaputra river. The individuals all came from Chapai Nawabganj in Rajshahi division of Bangladesh. Investigations are ongoing as police conduct document scrutiny and questioning.

Uttar Pradesh Chief Electoral Officer Navdeep Rinwa is demanding answers regarding the validation of questionable voter registration forms. An investigation disclosed that 13,779 forms were wrongly included on the voter list, with 10,470 of these receiving improper approval. This situation has prompted scrutiny of both past and present district election officers, with clarifications anticipated from those overseeing the registration procedures.

Threes zodiac signs are expected to get positive vibes from the universe. The festival may be spooky but it will turn to joy for them if they focus on the right things.

Jammu and Kashmir Police arrested ten individuals in Shopian district for their involvement in a terror financing network. The accused were connected to various online financial transactions suspected of funding terrorist activities. Investigations indicated these individuals were raising money from the public to support terrorists like Lashkar-e-Taiba. Additionally, the funds were allegedly used for logistical support, including providing smartphones for terrorist operations.

Foreign secretary Vikram Misri is scheduled to visit Kathmandu to prepare for Balendra Shah's visit to India. Shah's visit will mark his first trip abroad as Prime Minister of Nepal, occurring in late November. Several India-funded projects are expected to be inaugurated, and new projects will be launched during this visit. Nepal is likely to request additional Indian investments in various sectors, including hydropower and hospitality.

Between 2011 and 2023, India successfully elevated about 496 million people from poverty, showcasing a significant reduction in those living below the poverty threshold. A steep decline in extreme poverty reflects improved living conditions. However, income inequality lingers across different job sectors and regions. The World Bank forecasts ongoing reductions in poverty levels, but at a more gradual rate than before.

In response to Rahul Gandhi's opposition to IDBI Bank's privatisation, Nirmala Sitharaman stressed the successful recovery of the bank thanks to the NDA government's strategies. She pointed to the previous UPA government's fiscal mismanagement, which caused notable losses. Sitharaman also discussed the reviewed valuation process for the stake sale, criticising Gandhi for his attempts to politicize banking matters and the undue stress placed on bank staff during earlier administrations.

Sun Pharma reported a 36% decline in Q2FY27 net profit to Rs 1,989 crore due to exceptional litigation and acquisition-related costs. Revenue grew 11.8%, supported by strong domestic and emerging market sales, while US formulations weakened.

Syrma SGS Technology reported an 87.2% increase in consolidated net profit for the quarter ending September 2026. Consolidated revenue increased by 73.2%, reaching a record high of Rs 1,999.5 crore. The companys exports grew by 91% year-on-year, showcasing strong international demand. Investments are planned in collaboration with Kaga Electronics to enhance the domestic supply ecosystem.

Zee Entertainment Enterprises reported a 40% decline in consolidated net profit for the quarter ended September 30, 2026. Operating revenue increased by 13%, largely due to growth in subscription revenue supported by the FIFA World Cup 2026. Total expenditure rose by 18% primarily driven by increased programming and promotional costs. ZEE5, the company's streaming platform, showed significant growth by doubling its revenue year-on-year.

Lodha Developers reported a 63% rise in first-half FY27 profit to Rs 2,386 crore, driven by strong property sales and market expansion. The developer expects to exceed annual profit guidance while pursuing data centres to boost recurring income.

Spandana Sphoorty Financial reported consolidated Q2 profit of Rs 18 crore, reversing a Rs 249 crore year-ago loss. Assets under management grew 31% to Rs 5,364 crore, while improving asset quality reduced gross and net NPAs.

Bank of Baroda reported 36% year-on-year profit growth to Rs 6,532 crore in Q2FY27, boosted by NSE stake sale gains and higher interest income. The lender raised annual credit and deposit growth guidance amid strong loan demand.

By the close of September, loans against fixed deposits experienced a striking 53% year-on-year spike, reaching Rs 2.17 lakh crore. The demand for gold loans soared to an astonishing 82.6% increase, showcasing robust customer interest throughout India. Personal loans appreciated by 17.3%, hitting Rs 74.3 lakh crore, complemented by growth in agricultural and industrial credits. Overall, the banking sector reported a 19.4% expansion in total credit, amounting to Rs 229.

Reliance Retail Q2 Results: The company's gross revenue increased 6.4% YoY to Rs 91,716 crore in Q2FY27, compared with Rs 86,169 crore in the year-ago period. The growth came despite the absence of major festive occasions during the quarter, with the festive calendar shifting to the December quarter.

The Vatican confirmed Friday that the Chicago-born pontiff had submitted a mail-in ballot in Chicago ahead of the Nov. 3 midterm elections, citing his long-standing belief in civic participation.

Reliance Industries Q2 Results: Mukesh Ambani-led Reliance Industries Ltd (RIL) on Friday reported a 41% year-on-year (YoY) growth in consolidated net profit to Rs 25,548 crore for the September quarter of FY27, compared with Rs 18,165 crore in the corresponding period last year.

Centre on Friday constituted a six-member High Level Committee on Banking for Viksit Bharat to review India's banking sector and recommend structural, regulatory and institutional reforms to prepare it for the country's development goals by 2047.The committee will be chaired by Suresh N. Patel, former Central Vigilance Commissioner, and will include Reserve Bank of India (RBI) Deputy Governor Shirish Chandra Murmu, former Indian Bank MD and CEO Padmaja Chunduru, and former RBI Deputy Governor N

PB Fintech has achieved impressive growth within the UAE insurance landscape, notably boosting its premium volumes since FY22. With a strategic plan in place, the company intends to diversify its offerings by introducing health and life insurance solutions geared towards NRIs. Key features will include cross-border protection and simplified claims processing.

Jio Q2 Results: Jios profit growth was supported by healthy subscriber additions, expansion in its digital services business and a marginal rise in average revenue per user (ARPU).

In September, public sector banks cut their interest rates on fresh term deposits by 10 basis points. Private sector banks only reduced their rates by six basis points during the same period. Fresh rupee loan rates declined by six basis points at public sector banks while private banks maintained their rates. The weighted average lending rate for fresh loans fell to 8.51% from 8.61% in August.

NTPC Green Energy reported a 56.2% year-on-year rise in Q2FY27 net profit to Rs 137.5 crore, driven by 53.2% revenue growth. EBITDA margins improved, while new solar capacity boosted its operational renewable energy portfolio.

Bank of Baroda's FCNR-B deposits rose to 1.03 lakh crore as of September 2026, reflecting substantial growth. The overall global deposits of the bank increased 16.4% year-on-year to reach 17.45 lakh crore. Domestic deposits also saw a marked increase of 16.6%, driven by term deposits growing 20.5%. Additionally, the bank reported a 35.8% rise in standalone net profit for the second quarter of FY27.

Bank credit expanded 17.94 per cent year-on-year to reach Rs 232.54 lakh crore for the period ending October 15, exceeding the 16.6 per cent deposit growth rate, according to Reserve Bank of India (RBI) figures released Friday.Data reveals bank deposits rose to Rs 284.37 lakh crore by October 15, 2026, up from Rs 243.88 lakh crore on October 17, 2025marking a 16.60 per cent annual increase.Reserve Bank of India (RBI) records indicate bank credit climbed to Rs 232.54 lakh crore as of October 15,

In Lakeville, Indiana, a fascinating project incorporated shredded car tires into highway embankments, proving beneficial for waste management while ensuring road integrity. Over the course of a year-long study, officials noted negligible subsidence and no major heating issues. However, prevailing regulations and contractor biases remain significant barriers to the broad application of this innovative recycling technique in construction, highlighting the ongoing struggle to adopt eco-friendly pr

Several Indian states are predicted to experience heavy rainfall and thunderstorms on October 31. Areas including Arunachal Pradesh, Coastal Andhra Pradesh, and Kerala may face significant rainfall. Additionally, thunderstorms with gusty winds are likely in Tamil Nadu, Puducherry, and Karnataka. Delhi will have partly cloudy skies with no expected rainfall on the same day. The India Meteorological Department has issued various advisories for these regions.

US President Donald Trump, speaking ahead of November 3 midterm congressional elections, said on Friday he believed the war with Iran will end soon, but did not say how that would happen.

A nationwide Digital Life Certificate campaign is scheduled to begin across 2,000 locations in India. This campaign aims to simplify the process of submitting life certificates for pensioners by adopting digital methods. The initiative will use face authentication technology to facilitate easy access for elderly pensioners. Various government departments and organizations will work together to ensure effective outreach.

Bank of Baroda reported a 35.8% year-on-year rise in standalone net profit to Rs 6,532 crore in Q2FY27. Net interest income grew 9% to Rs 13,026 crore, while asset quality improved, with the gross NPA ratio declining to 1.78%. Global advances and deposits also recorded double-digit growth.

Six BSE 200 stocks, including Coforge, Indian Hotels and Kotak Mahindra Bank, hit fresh 52-week highs as the Sensex rallied, with monthly gains reaching 17%.

Eight NSE midcap stocks recorded over 100% year-on-year profit growth in Q2FY27, led by Max Financial Services, One97 Communications and Poonawalla Fincorp, according to StockEdge data.

As businesses expand, founders face important choices about how to finance their next stage of growth. From debt and equity funding to private investment and public listings, each route comes with different costs, expectations and implications for ownership. The Economic Times Founders Growth Retreat 2026 will bring these considerations into focus.

Aditya Birla Capital reported an impressive 38% profit increase for the September quarter of FY27, with profit after tax soaring to Rs 1,288 crore, up from Rs 933.52 crore year-over-year. Operational revenues also climbed significantly, reaching Rs 14,003 crore. Lending assets under management witnessed a robust 32% growth to Rs 2.34 lakh crore, while shares gained 1.75% on the Bombay Stock Exchange.

The Nifty 50 rose 0.51% to close at 23,053.10 on Friday, while the Sensex gained 308 points to 74,459.53. Trent and InterGlobe led the gainers, while Shriram Finance and Nestle India topped the Nifty losers. Broader markets remained weak, with midcap and smallcap indices falling up to 2%.

SEBI has issued a regulatory censure against Axis Capital, concluding proceedings linked to September 2024 restrictions. The regulator noted no recorded investor harm or fraudulent default, while Axis Bank expects no material business impact.

Asian Paints reported a 7.5% year-on-year rise in Q2 consolidated profit to Rs 1,067.6 crore, while net sales grew 16.9% to Rs 9,953.9 crore. Higher raw material costs weighed on margins, prompting further staggered price hikes. The company also declared a dividend of Rs 5.75 per share.

Indian market indices Sensex and Nifty ended the week on a high note, each climbing by up to 0.5%. Even as the broader market suffered losses, standout performers like Trent and IndiGo flourished thanks to positive earnings. The Nifty IT index was a highlight, soaring over 2%, while Nifty Consumer Durables fell nearly 2%.