The Economic Times

HDFC Bank has proposed an annual compensation package of up to Rs 35.90 crore for Anup Bagchi. This remuneration could increase to Rs 43.24 crore with performance-based stock bonuses. Bagchi's package is significantly higher compared to previous CEO Sashidhar Jagdishan's total remuneration. HDFC Bank is seeking shareholder approval for this proposed compensation and Bagchi's appointment. His leadership aims to improve retail loan growth and strengthen investor confidence.

Mastek shares witnessed an uptick on Thursday despite weak market sentiment after its UK subsidiary was selected by Staffordshire County Council for an AI-enabled Oracle Cloud transformation programme. The engagement will cover finance, procurement, human resources and payroll, with Mastek deploying its ADOPT AI platform as the councils integrated cloud platform.

Cupid shares rose 3.76% to hit a high of Rs 356.90 on Thursday, extending their rally since the September 30 business update to around 16%. The stock has gained 238.78% in 2026 so far, sharply outperforming the Nifty 50, which is down 14% over the same period.

Paytm shares crashed on Wednesday after reports suggested a possible delay in the rollout of UPI MDR. Analysts said the stock faces immediate support at Rs 1,560-1,550, while a decisive break below could trigger further selling.

Nilesh Shah from Kotak Mutual Fund highlights the advantage of bear markets in uncovering robust investment opportunities. He points out that India's growth potential surpasses that of South Korea due to its remarkable talent pool and infrastructure. Shah advises diversifying portfolios with alternative investments like SIFs, credit AIFs, and global funds, suggesting that 15% to 20% be dedicated to international assets.

IT stocks rose on Thursday as investors turned their attention to TCS, which is set to kick off the Q2 earnings season. Analysts expect modest sequential revenue growth, while a favourable base and margin support could aid year-on-year growth. Currency tailwinds may also support margins across Indian IT services companies.

Jefferies has cut target prices for BSE, Turtlemint and several other non-lending financial stocks ahead of Q2 earnings, while retaining Buy ratings on most stocks in its coverage.

ITC shares witnessed a drop on Thursday amid reports of likely block deals, with nearly 39 crore shares changing hands across the NSE and BSE. The identities of the buyers and sellers involved in the reported transactions were not immediately known.

Anand Mahindra announced the successful creation of an engine patented by his grandfather J.C. Mahindra 108 years ago. The engine prototype was unveiled and started on Founders Day, six months after the patent's discovery. This discovery was made by Vaidehi Mayekar while organizing the company's archives and emphasized the company's engineering roots. The Mahindra Research Valley team interpreted the patent and created a working version of the engine.

Fino Payments Bank shares surged 13.34% to Rs 145.80 after its September 2026 business update. CASA, deposits, renewal income, digital customers, CMS throughput and loan referrals recorded strong growth, though transaction throughput and new deposit accounts declined. Despite the rally, the stock remains significantly below its 52-week high and trades below four of eight SMAs.

Air Chief Marshal A P Singh highlighted the Indian Air Force's operational capabilities at the 94th Air Force Day celebrations. The event included a ceremonial parade showcasing various IAF combat assets and aircraft. Singh emphasized the importance of air power in protecting national interests and saluted fallen air warriors. He expressed pride in serving as IAF chief and mentioned his upcoming retirement.

Manisha Koirala continues to prioritise fitness at 56, recently sharing a glimpse of her workout routine featuring yoga-based mobility exercises and strength training. From cat-cow and thread-the-needle stretches to dumbbell lunges and leg raises, her routine focuses on mobility, flexibility, balance and strength. The actor has also previously spoken about taking a more holistic approach to fitness and understanding how her body changes with age.

At ET Alpha Wealth Summit 2.0, Kotak Mutual Funds Nilesh Shah highlighted the uncertain payoff from massive investments in artificial intelligence. Shah said the global economy has faced repeated disruptions over the past six years, while shifting capital flows, AI and emerging economic powerhouses are reshaping investment opportunities and the next phase of wealth creation.

Veteran actor Nana Patekar passed away at the age of 75 after suffering a cardiac arrest. Attempts to revive him with CPR were unsuccessful, leading to his death at home in Goa. Known for his impactful performances, Patekar received multiple awards throughout his film career, including national honors. Beyond cinema, he engaged in significant social work, supporting farmers in Maharashtra through his foundation.

Nana Patekar funeral: Maharashtra has decided to accord veteran actor Nana Patekar a state-honours funeral following his death at 75 in Goa. Known for his work in Marathi theatre and both Marathi and Hindi cinema, Patekar also had a notable association with the Indian Army, including service during the 1999 Kargil conflict. Funeral arrangements and the last rites schedule are yet to be announced.

Six SME IPOs Omara Ventures India, Sollfege Smart Electronics, Eventions, SJP Ultrasonics, Dove Soft and EverestIMS Technologies will list on the stock market on October 8, having collectively raised around Rs 247 crore. Five will debut on the BSE SME platform and Eventions on NSE SME. EverestIMS Technologies led investor demand with 294.22 times subscription.

Vishal Nirmiti shares are set to debut on the NSE and BSE on October 8, with a 1% grey market premium indicating a largely flat listing. Vishal Nirmiti IPO was subscribed 1.79 times. The company reported 6% FY26 growth in revenue and profit, supported by construction and infrastructure operations.

Four NSE F&O stocks, including ITC and Anand Rathi Wealth, witnessed over 7% gain in futures open interest on October 7, according to StockEdge data. The surge signals fresh position building and increased trader activity across these derivatives contracts during the trading session.

Three Nifty 500 stocks, including Rainbow Children's Medicare, closed above their Volume Weighted Average Price on October 7, according to StockEdge technical data. The movement highlights strong intraday buying momentum, as closing prices outperformed average trading prices weighted by volume across the session.

The pattern is represented by a long white (or green) candlestick with no upper shadow and little or no lower shadow.

An uptrend signal occurs when the RSI value crosses above 50 from below.

CARE Ratings also reaffirmed the company's short-term rating at CARE A1+. Adani Enterprises said the upgrade serves as an independent validation of AELs disciplined capital management and tight fiscal prudence.

The company's board approved the terms of the rights issue at its meeting held on Wednesday, October 7, following the in-principle approvals received from BSE and NSE on October 6.

According to the average of seven brokerages, TCS revenue is expected to grow around 13% year-on-year, while profit is likely to rise about 9%. On a sequential basis, constant-currency revenue growth is expected at around 0.5-0.6%.

According to the average of seven brokerages, TCS revenue is likely to grow about 13% YoY, while profit may rise around 9%. Sequential growth, however, is expected to remain modest, with most analysts pencilling in constant-currency revenue growth of 0.5-0.6%.

The Nityas Gems & Jewellery IPO comprised a fresh issue of 1.45 crore shares aggregating to Rs 108.35 crore. The company had fixed the price band at Rs 70-75 per share.

The 200 DMA is a widely used technical indicator that helps traders assess the overall trend of a stock.

Iran's Revolutionary Guards have announced intentions to close illegal transit routes in the Strait of Hormuz. These routes allegedly facilitate oil smuggling operations and affect regional oil exports. Iranian officials maintain that the Islamic Republic has full control over this vital waterway. The situation will persist until Iran's demands are met, according to military advisers.

Trump has instructed the Pentagon to prepare for possible military strikes against Iran, but no final decision has been made. The US military is focusing on possible targets in Iranian infrastructure and nuclear capabilities. Discussions about the situation are ongoing with Israeli officials, emphasizing the potential for renewed combat operations. Timeframe for operations may be influenced by upcoming elections in both the US and Israel.

A four-storey building collapsed in Delhi's New Seemapuri area, leading to the deaths of four individuals. Eight injured people were rescued from the wreckage and transported to the hospital for treatment. Rescue operations are still taking place, with teams from various agencies actively searching for more potential victims. Witnesses reported that nearby demolition work may have contributed to the building's collapse.

The Securities and Exchange Board of India is introducing a mandatory colour coded credit risk-o-meter for debt securities. This new meter categorizes credit risk into six color-coded levels, indicating risk levels accurately. Issuers and online bond platforms will need to adopt these disclosures in their documentation. The measures aim to improve transparency in the investment process for potential investors.

PCBL Chemical has seen a 25% stock increase due to anticipated higher carbon-black prices. The company expects improved export prospects and a recovery in earnings. It has shifted some export volumes to the domestic market for better pricing. Management anticipates cost savings from various optimizations and a significant increase in Ebitda. Analysts have upgraded the stock rating, reflecting optimism about future market performance.

Foreign portfolio investors experienced a significant increase in selling Indian equities during the latter half of September. Financial stocks led the sell-off, with the highest outflows totaling around

On Wednesday, the Nifty fell by 0.8% to 22,603 due to weak global cues and RBI's policy changes. Concurrently, the India VIX increased by 2% as market fears grew. Foreign portfolio investors sold shares worth Rs 6,121 crore while domestic investors purchased shares amounting to Rs 4,596 crore. The rupee weakened to 96.43 against the US dollar amid foreign capital outflows.