The Economic Times

Canada's Fairfax Financial Holdings intends to divest its nearly 11% stake in IIFL Finance soon. The sale aims to raise funds for acquiring a significant stake in IDBI Bank from the Indian government. Fairfax's current share in IIFL Finance is valued at approximately 30 billion rupees, or $320 million. Additionally, Fairfax is attempting to improve its stake in IIFL Capital through an open offer.

Indian Overseas Bank has revised its fixed deposit interest rates, effective from November 10, 2026. Senior citizens can avail an additional interest rate, as well as super senior citizens.

Finances are a cornerstone of marriage, shaping both relationships and futures. At the ET Wealth Expo 2026, specialists emphasized the necessity of balanced fiscal strategies in partnerships, the dangers of income tax clubbing, and the importance of wills.

Investment choices for senior citizens can include the Senior Citizens Savings Scheme and the Post Office Monthly Income Scheme. Notably, SCSS boasts an attractive interest rate of 8.2%, while MIS offers 7.4%. If you invest Rs 15 lakh in SCSS, you'd accumulate Rs 6.15 lakh in interest over five years, compared to Rs 5.55 lakh through MIS. This difference highlights an additional earnings potential of Rs 60,000 through SCSS.

Mutual funds launched 28 new schemes in October, collectively garnering Rs 3,829 crore. The launches spanned index funds, equity ETFs, debt funds, fund of funds, hybrid schemes and close-ended funds, with ICICI Prudential Contra Fund leading collections.

After hitting a record near $5,600 an ounce in January 2026, gold has fallen roughly 29% from its peak. Here is what drives gold prices, why the rally reversed, and how investors can approach gold now.

The largest active flexicap fund by assets under management (AUM) had an AUM of Rs 1.46 lakh crore in October. The fund did not completely exit any stock or add any new stock to its portfolio in October.

Jeevan Pramaan: EPS-95 pensioners no longer need to visit a bank branch or office for their annual Digital Life Certificate. They can generate it conveniently using the UMANG App and Aadhaar face authentication. Once submitted, the certificate remains valid for one year, allowing pensioners to continue receiving payments.

Gold rates today: Gold prices decreased today (Wednesday, November 11, 2026) at major jewellery brands. Also have a look at the IBJAs latest 24k, 22k, 20k, 18k and 14k indicative gold jewellery rates and the 999-purity silver jewellery indicative price.

The National Confederation of Pensioners' Associations has requested the Labour Ministry's urgent intervention in pending pension cases. They seek to withdraw a circular from January 2025 that affects higher EPS pension eligibility. The NCPA emphasizes eliminating discrimination between exempted and unexempted establishments regarding pension rights. They have proposed several recommendations to streamline the processing of pension applications and address delays.

On November 11, 2026, banks will observe holidays in specific states for various regional festivals. These festivals include Laxmi Puja, Ningol Chakkouba, and Bhai Dooj. Some states will continue to operate normally despite these closures. Bank customers should confirm the holiday schedule before visiting their local branches.

Only two mutual fund new fund offers (NFOs) are currently open for subscription. Edelweiss Nifty Energy ETF will close on November 13, while Aditya Birla SL FMP-VC-114D will remain open until November 17. Here are the key details, including their categories, subscription deadlines and minimum investment amounts.

Gold rates today: Major jewellery brands, including Tanishq and Malabar Gold & Diamonds, have seen a dip in gold prices today, making it an opportune moment for consumers to purchase 22k gold at more affordable rates compared to Monday. Consistent pricing across cities like Delhi, Mumbai, and Chennai allows for easy shopping.

A Rs 10 lakh gift from a husband invested in mutual funds and shares may attract income clubbing provisions. While gains from the initial investments are generally taxed in the husband's hands, returns on reinvested gains may be taxable to the wife.

Samir Arora-backed Helios Mid Cap Fund added three new stocks and increased exposure to 18 others in October. The fund completely exited Park Medi World, while its highest sectoral allocation remained in finance at 16.22%.

Two salaries dont automatically mean more wealth. Learn how DINK couples in India can plan cash flow, insurance, goals, FIRE, parents and estate, step by step.

Sensex and Nifty down for months? Here are 10 practical steps on SIPs, emergency funds, tax-loss harvesting and safe withdrawals to protect your savings through a long slump.

Bank holiday today: Bank branches in few states will be closed on November 10, 2026. This closure is due to the observance of Bali Pratipada and other festivals. Customers will be unable to conduct branch transactions on this day. However, digital banking services will remain available for various transactions. Customers can utilize UPI payments, ATM cash withdrawals, and online banking facilities during the holiday.

FIIs reduced stakes in 235 BSE smallcap companies for three consecutive quarters. Nine stocks suffered 5070% declines in CY26, highlighting sustained foreign investor selling and significant market corrections.

Gold rates today: On November 9, 2026, gold prices rose as Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas announced new rates. Check gold jewellery rates gold jewellery rates across New Delhi, Mumbai, Chennai and Kolkata.

Learn how to pace SIPs during your earning years and when to start an SWP in retirement, with simple rules to keep your money growing and your corpus safe.

Three Nifty50 stocks that gained over 3% on November 8 featured in StockEdges White Marubozu bullish scanner. The candlestick pattern indicates strong buying momentum, with prices closing near the session high.

Five Nifty200 stocks featured in StockEdges RSI Trending Up scan on November 8, with their Relative Strength Index (RSI) crossing above 50 from below, signalling strengthening price momentum.

Four Nifty500 stocks closed over 1% below their VWAPs on November 8, signalling weakness relative to their average traded prices during the session.

Bank branches will close in certain states on November 9, 2026, for Diwali and related festivities. Customers should verify bank operating hours in their regions before planning any bank visits. Celebrations including Diwali/Laxmi Puja will lead to closures in several states like Uttar Pradesh and Madhya Pradesh. Other states and union territories will maintain regular operations on this day.

Equity can fall 30-40% in a bad year, so money needed in the next few years must never sit there. A conservative investor may hold less. Few can afford to hold none: avoiding equity swaps the risk of a temporary fall for the certainty of losing purchasing power.

Most group plans cover pre-existing diseases from day one, and individual employees are not medically underwritten. Barring a few exceptions, disputes are rarely about whether a claim is admissible. They are mostly about deductions.

Investments in bank accounts, mutual funds, shares and other assets will have to be reviewed and modified. It is illegal under Indias FEMA to hold resident bank and demat accounts after moving abroad on a permanent resident status. All such accounts must be converted to non-resident, and FATCA forms disclosing the residential status abroad should be filled up.

Vendor fine print, last-minute guests and family pressure can push your wedding bill way above the initial budget. Heres how to spot the hidden costs before they hit you.

Higher yields boost safer investments appeal, pressuring equity valuations despite earnings recovery.

For Indian investors residing overseas, a new development brings good news. A recent circular from Sebi allows them to open investment accounts without needing to return to India. By permitting digital KYC submissions from various compliant countries, this initiative simplifies the process for non-resident Indians (NRIs) and overseas citizens of India (OCIs).

As parents spend more on soft skills, the challenge is to identify pursuits that offer lasting value.

Cutting through money jargon, one topic at a time. This week, Preeti Kulkarni explains how the moratorium clause in health insurance protects policyholders against arbitrary claim rejections.

Retirement planning in India is gaining momentum among consumers aged 26 to 50 years as they begin saving early. This trend is evident as transaction volumes for retirement products rose significantly from April to September. Notably, digital platforms are facilitating access to these financial products in smaller cities. Although men dominate the consumer base, there is a growing need for women's participation.

If the next generation wants to preserve the family business bot not necessarily together, heres how they can execute the split without impacting the wealth.