The Enforcement Directorate has registered an ECIR against Essel Group chairman Subhash Chandra in an all ...More

The Enforcement Directorate has registered an ECIR against Essel Group chairman Subhash Chandra in an alleged Rs 1,322 crore loan fraud involving LIC Housing Finance. The move follows a CBI FIR over two loan facilities worth Rs 980 crore sanctioned to Essel Group-linked companies in 2018. Zee Entertainment said the case does not affect its operations. ...Less

LIC Housing Finance experienced a 12% year-on-year increase in consolidated net profit, reaching ₹1,507 c ...More

LIC Housing Finance experienced a 12% year-on-year increase in consolidated net profit, reaching ₹1,507 crore. Total income for the quarter rose by 1.5% compared to the previous year. A notable improvement in asset quality contributed to the positive financial outcome and led to the reversal of impairment charges. Gross non-performing assets decreased significantly, highlighting better loan performance during the quarter. ...Less

The finance ministry has defended the valuation process used in the IDBI Bank stake sale, saying the meth ...More

The finance ministry has defended the valuation process used in the IDBI Bank stake sale, saying the methodology and bidding procedure were reviewed and approved by the core group of secretaries on disinvestment. It said Fairfax’s Rs 81-a-share bid was above the benchmark and independent fair-value estimates, while safeguards such as a double-blind process and limited tax indemnity helped maximise value for the government and LIC. ...Less

Zee Entertainment Enterprises has clarified that an Enforcement Case Information Report (ECIR) registered ...More

Zee Entertainment Enterprises has clarified that an Enforcement Case Information Report (ECIR) registered against founder Subhash Chandra in his personal capacity has no bearing on the company or its operations. The development follows an ongoing CBI investigation into an earlier FIR filed by LIC Housing Finance against the promoter entities. ...Less

IDBI Bank Strike: A two-day nationwide strike by IDBI Bank employees and officers against the proposed sa ...More

IDBI Bank Strike: A two-day nationwide strike by IDBI Bank employees and officers against the proposed sale of a majority stake to Canada's Fairfax Financial Holdings ended on Tuesday. The union will decide its next course of action at a meeting on November 10 and may seek support from other bank unions for a nationwide protest. Meanwhile, the Congress has also raised concerns over the proposed Rs 53,000 crore deal. ...Less

Nirmala Sitharaman responded to criticisms regarding the sale of IDBI Bank's majority stake. The bank was ...More

Nirmala Sitharaman responded to criticisms regarding the sale of IDBI Bank's majority stake. The bank was previously in poor condition and has since been revived. She stated that prudent management and recapitalization led to its current profitability. Rahul Gandhi has expressed concerns over job security and the impact of privatization on employees. The government approved Fairfax as the strategic buyer for 60.72% of the bank's shares. ...Less

United Forum of IDBI Officers and Employees has expressed opposition to the proposed sale of IDBI Bank. C ...More

United Forum of IDBI Officers and Employees has expressed opposition to the proposed sale of IDBI Bank. Concerns include potential undervaluation of the bank's assets and the need for public scrutiny. The government plans to transfer a significant stake in IDBI Bank to Fairfax Financial Holdings. This transaction, valued at approximately Rs 53,000 crore, has raised fundamental questions about social responsibilities. ...Less

Rahul Gandhi has criticised the Centre's proposed sale of a 60.72% stake in IDBI Bank, questioning the pr ...More

Rahul Gandhi has criticised the Centre's proposed sale of a 60.72% stake in IDBI Bank, questioning the privatisation of a profitable public sector lender. Backing the bank's employees, he flagged concerns over reservation provisions, service conditions and pension benefits as the government defended the disinvestment bidding process. ...Less

The Travancore Devaswom Board has announced a new life insurance scheme for Sabarimala pilgrims. This ins ...More

The Travancore Devaswom Board has announced a new life insurance scheme for Sabarimala pilgrims. This insurance will cover up to Rs 2 lakh for families in case of unforeseen events. The board plans to bear the entire premium costs through its Welfare Fund. Meanwhile, preparations are underway to ensure sufficient production of Aravana prasadam during the pilgrimage season. ...Less

IDBI Bank strike today: IDBI Bank employees initiated a two-day strike on November 2 and 3, 2026, opposin ...More

IDBI Bank strike today: IDBI Bank employees initiated a two-day strike on November 2 and 3, 2026, opposing the sale of the bank's majority ownership. The proposed transaction involves transferring IDBI Bank's stake to Canadian investor Fairfax Financial Holdings. IDBI Bank has encouraged customers to utilise digital services and complete essential transactions before the strike. The United Forum of IDBI Officers & Employees mentioned intimidation from bank management against striking employees. ...Less

K T Rama Rao raised concerns regarding the proposed sale of IDBI Bank to Fairfax Financial Holdings. He h ...More

K T Rama Rao raised concerns regarding the proposed sale of IDBI Bank to Fairfax Financial Holdings. He highlighted potential undervaluation and transparency issues in the bidding process. Rao questioned the assessment of the bank's prime real estate assets in Hyderabad. Concerns from IDBI Bank employees about the sale have reportedly not been addressed by the Union Government. ...Less

Jio Platforms has marked a significant milestone by successfully launching its market debut following Ind ...More

Jio Platforms has marked a significant milestone by successfully launching its market debut following India’s largest initial public offering, valued at Rs 30,213-crore. While historical trends indicate that stocks often experience negative returns post-major IPOs, initial reports present an optimistic outlook for Jio, with projections suggesting potential for growth as the company aims to expand its technological footprint through cutting-edge innovations across diverse sectors. ...Less

Only eight of 292 equity mutual funds delivered returns exceeding 10% on lump-sum investments since Diwal ...More

Only eight of 292 equity mutual funds delivered returns exceeding 10% on lump-sum investments since Diwali 2025. TRUSTMF Small Cap Fund topped the list with an 18.73% gain, while 214 schemes posted negative returns, including eight that lost over 10%. ...Less

Life Insurance Corporation of India is set to launch three new insurance products on October 19, 2026. Th ...More

Life Insurance Corporation of India is set to launch three new insurance products on October 19, 2026. These offerings, namely New Jeevan Dhara-II, Health Shield, and New Cancer Cover, have been designed to cater to various financial needs like retirement funds and health insurance. Customers will have easy access to these plans online via LIC's official portal, promising a boost in financial stability for families. ...Less

Indian equity benchmarks closed higher on Friday, with significant gains recorded in the Nifty 50 and BSE ...More

Indian equity benchmarks closed higher on Friday, with significant gains recorded in the Nifty 50 and BSE Sensex. Several major companies, including Reliance Industries and Jio Platforms, published positive quarterly earnings results. Reliance Industries saw a 41% increase in net profit, supported by strong performances in various sectors. Other companies like Sun Pharma and Indian Oil Corporation also reported significant changes in their net profits. ...Less

The issue set records across fundraising, anchor investor demand and applications, while attracting the h ...More

The issue set records across fundraising, anchor investor demand and applications, while attracting the highest qualified institutional buyer (QIB) subscription among India’s five largest IPOs. It was fully subscribed within 100 minutes of opening and received nearly 1.4 crore applications, according to figures compiled for the issue. ...Less

Technology mutual funds topped October returns, with the nine best-performing schemes delivering gains of ...More

Technology mutual funds topped October returns, with the nine best-performing schemes delivering gains of up to 9.78%, an ETMutualFunds analysis showed. HDFC Technology Fund led the chart, followed by Kotak Technology Fund and Tata Digital India Fund. Of the nearly 626 funds analysed, all nine top performers belonged to the technology sector, reflecting a strong monthly recovery in the segment. ...Less

Last week, the Cabinet Committee on Economic Affairs approved the sale of IDBI Bank's majority stake. The ...More

Last week, the Cabinet Committee on Economic Affairs approved the sale of IDBI Bank's majority stake. The stake, held by the Government of India and LIC, will be sold to Fairfax Financial Holdings Ltd. This decision is part of the ongoing privatisation programme aimed at modernising the Indian economy. ...Less

Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valua ...More

Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj Finance were particularly striking. The BSE Sensex plummeted by 1,605.44 points, indicating a bearish atmosphere across equities. While Tata Consultancy Services and Larsen & Toubro showed some gains, the overall trend remained negative. ...Less

Jio Platforms is set to launch its IPO bidding on October 21, offering 27 crore shares without any offer ...More

Jio Platforms is set to launch its IPO bidding on October 21, offering 27 crore shares without any offer for sale. The price band is set between ₹1,065 and ₹1,119 per share, targeting a total of ₹30,213 crore. Following recent IPOs like Hyundai and LIC, which struggled below their original prices, market sentiment is now emphasizing profitability. Analysts will closely monitor Jio's listing amid this competitive landscape. ...Less

Jio Platforms successfully raised approximately Rs 8,110 crore from 212 anchor investors before its upcom ...More

Jio Platforms successfully raised approximately Rs 8,110 crore from 212 anchor investors before its upcoming IPO. The company allotted shares to well-known investors such as LIC, BlackRock, and Fidelity. These allocations indicate strong interest from both domestic and global institutional investors. The IPO is expected to surpass the previous record held by Hyundai Motor India. Jio Platforms aims to achieve an equity valuation of nearly Rs 10.3 lakh crore. ...Less

The initial public offering of Jio Platforms has attracted impressive attention, with an oversubscription ...More

The initial public offering of Jio Platforms has attracted impressive attention, with an oversubscription of 3.16 times. Institutional investors were particularly keen, subscribing at a rate of 9.42 times, while retail investors opted for a 0.73 times rate. Non-institutional interest was stronger at 1.68 times. The company plans to allocate a large share of the funds toward debt clearance, reflecting optimistic perceptions of Jio Platforms' future. ...Less

Jio Platforms is gearing up for a groundbreaking debut on October 28, following a remarkable Rs 30,188 cr ...More

Jio Platforms is gearing up for a groundbreaking debut on October 28, following a remarkable Rs 30,188 crore IPO. Historical insights indicate a varied trajectory for past mega IPOs in India. The overwhelming demand is evident from Jio's impressive 22.19 times oversubscription. Analysts are weighing Jio's market dynamics and valuation as they predict potential listing advantages, with investor strategies hinging on both immediate valuations and sustained business growth. ...Less

Jio Platforms has become India’s most widely held listed stock, with 79.6 lakh shareholders following its ...More

Jio Platforms has become India’s most widely held listed stock, with 79.6 lakh shareholders following its blockbuster IPO, overtaking Tata Motors Passenger Vehicles, Reliance Industries and Vodafone Idea. From just 104 shareholders before the issue, Jio attracted over 1.38 crore applications and debuted at a market capitalisation of Rs 12.53 lakh crore. ...Less

Jio Platforms shares listed at a 21.35% premium to the IPO price of Rs 1,119, delivering the biggest list ...More

Jio Platforms shares listed at a 21.35% premium to the IPO price of Rs 1,119, delivering the biggest listing-day gain among India’s five largest IPOs by issue size. Brokerages Nomura, Motilal Oswal and Elara Capital initiated coverage with Buy ratings, citing tariff hikes, subscriber monetisation and digital services growth. ...Less

On Thursday, Indian equities experienced a recovery, with Nifty closing above the 22,900 mark. Stocks suc ...More

On Thursday, Indian equities experienced a recovery, with Nifty closing above the 22,900 mark. Stocks such as Reliance Industries, Jio Platforms, and IndiGo are expected to remain in focus. Several companies reported varied profit results for the September quarter, impacting market sentiment. Regulatory developments and credit rating updates are also being closely monitored by investors. The upcoming earnings announcements from notable companies will further influence market activity. ...Less

During the festive season of Diwali, savvy investors often gravitate towards gold and silver seeking secu ...More

During the festive season of Diwali, savvy investors often gravitate towards gold and silver seeking security. Experts recommend evaluating personal investment goals to decide on gold, known for its stability, or silver, which presents higher risks but potential for greater returns. Recent data shows gold ETFs delivered 9.22% returns, while silver ETFs outperformed with 14.05%. A balanced approach within your portfolio can lead to sustainable wealth amidst market fluctuations. ...Less

Reliance Industries’ Jio Platforms has set new IPO records, with its Rs 30,213 crore issue becoming India ...More

Reliance Industries’ Jio Platforms has set new IPO records, with its Rs 30,213 crore issue becoming India’s largest-ever public offering and getting fully subscribed within 100 minutes of opening. The IPO surpasses Hyundai Motor India’s Rs 27,870 crore issue in 2024. At the upper end of its Rs 1,065–1,119 price band, Jio Platforms is valued at around Rs 10.3 lakh crore. The issue closes on October 23. ...Less

Life Insurance Corporation of India is set to introduce three new insurance products on October 19, 2026. ...More

Life Insurance Corporation of India is set to introduce three new insurance products on October 19, 2026. The offerings include LIC’s New Jeevan Dhara - II, LIC’s Health Shield, and LIC’s New Cancer Cover. ...Less

The government will retain a 15% equity stake in IDBI Bank and Life Insurance Corporation will hold 19%. ...More

The government will retain a 15% equity stake in IDBI Bank and Life Insurance Corporation will hold 19%. Both the government and LIC will withdraw their nominees from the bank's board and become public shareholders. The Cabinet Committee on Economic Affairs has empowered the Alternative Mechanism for minority stake sales of the government's holdings. LIC will manage its residual shareholding as per internal procedures and regulatory compliance. ...Less

IDBI Bank reported a 39% YoY decline in Q2 FY27 net profit, partly due to a one-off gain in the previous ...More

IDBI Bank reported a 39% YoY decline in Q2 FY27 net profit, partly due to a one-off gain in the previous year. Despite this, underlying profitability, margins, asset quality, deposits and advances showed improvement. Meanwhile, Fairfax Financial’s proposed 60.72% stake acquisition marks a major milestone in the bank’s privatisation. ...Less

The United Forum of Bank Unions has rallied behind IDBI employees who are set to strike on November 2 and ...More

The United Forum of Bank Unions has rallied behind IDBI employees who are set to strike on November 2 and 3, voicing opposition to the government's move to offload their shares to foreign entities. ...Less

Jio Platforms shares are set to list on the BSE and NSE on October 28, with the IPO commanding a grey mar ...More

Jio Platforms shares are set to list on the BSE and NSE on October 28, with the IPO commanding a grey market premium of around 22%. The Rs 30,213-crore issue was subscribed 22.19 times, led by strong institutional demand. Investors will watch the listing amid Jio’s growth ambitions and financial performance. ...Less

Jio Platforms’ Rs 30,213 crore IPO closed with 22.19 times subscription, attracting bids for 428 crore sh ...More

Jio Platforms’ Rs 30,213 crore IPO closed with 22.19 times subscription, attracting bids for 428 crore shares. Qualified institutional buyers led demand, subscribing their portion 70 times, while retail investors booked 2.72 times. The IPO’s grey market premium stood at around 21%, ahead of its scheduled October 28 listing. ...Less

The Rs 30,213 crore IPO, priced between Rs 1,065 and Rs 1,119 per share, will remain open until October 2 ...More

The Rs 30,213 crore IPO, priced between Rs 1,065 and Rs 1,119 per share, will remain open until October 23. At the upper end of the price band, Jio Platforms is seeking a valuation of Rs 10.3 lakh crore, making it one of India's most valuable companies. ...Less

Zerodha CEO Nithin Kamath has credited Reliance Jio and Airtel with helping build India’s digital ecosyst ...More

Zerodha CEO Nithin Kamath has credited Reliance Jio and Airtel with helping build India’s digital ecosystem and expand capital markets. Reflecting on Jio’s decade-long journey, Kamath said affordable data, along with Aadhaar and UPI, enabled online-first businesses like Zerodha to grow and helped drive a surge in retail investing. ...Less

Axis Pension Fund intends to enhance its National Pension System offerings to provide better retirement s ...More

Axis Pension Fund intends to enhance its National Pension System offerings to provide better retirement savings options. The introduction of NPS Swasthya addresses the health insurance needs for older customers effectively. Despite tax benefits, low awareness continues to hinder corporate NPS uptake among employees. Further clarity on Tier-II NPS account taxation and extended tax deductions could encourage broader participation. ...Less

Nine of the top ten most valued firms saw a substantial increase in market valuation last week. The BSE S ...More

Nine of the top ten most valued firms saw a substantial increase in market valuation last week. The BSE Sensex surged over two thousand points while the Nifty experienced significant growth. TCS, Bharti Airtel, and Infosys led the gains alongside other major firms like Reliance Industries and HDFC Bank. In contrast, Larsen & Toubro was the only firm to report a decline in market valuation. ...Less

Jio Platforms’ IPO saw strong demand on Day 1, getting booked 3 times overall. The IPO commanded a grey m ...More

Jio Platforms’ IPO saw strong demand on Day 1, getting booked 3 times overall. The IPO commanded a grey market premium (GMP) of around 23%, while brokerages remained optimistic, citing Jio’s telecom leadership, improving profitability and growth opportunities in broadband and artificial intelligence (AI). ...Less

Driving licence new rules: The Ministry of Road Transport and Highways has proposed changes to driving li ...More

Driving licence new rules: The Ministry of Road Transport and Highways has proposed changes to driving licence rules, including raising the safe-driving tutorial pass mark from 60% to 75% and waiving fees for select online services linked to Aadhaar authentication. The draft also proposes new deadlines for updating licence details, changes to accepted documents and a simplified application process. The rules will take effect after the final notification. ...Less

The IPO allotment is expected to be finalised today, allowing applicants to check whether they have been ...More

The IPO allotment is expected to be finalised today, allowing applicants to check whether they have been allotted shares through the registrar’s website and other online platforms. Jio Platforms shares are scheduled to list on the BSE and NSE on October 28, 2026. ...Less

When markets fell, BAFs had an opportunity to increase equity exposure. Many did, while others were more ...More

When markets fell, BAFs had an opportunity to increase equity exposure. Many did, while others were more cautious. ...Less

The strategic sale of IDBI Bank to Canada’s Fairfax Financial Holdings is expected to be completed by the ...More

The strategic sale of IDBI Bank to Canada’s Fairfax Financial Holdings is expected to be completed by the end of FY27, subject to RBI approval, DIPAM Secretary Arunish Chawla said. Fairfax will acquire a 60.72% stake from the government and LIC for about Rs 53,000 crore, in what the government described as a major step in the bank’s long-delayed privatisation. ...Less

Jio Platforms’ Rs 30,188 cr IPO has attracted institutional bids worth around Rs 2.5 lakh cr, more than 3 ...More

Jio Platforms’ Rs 30,188 cr IPO has attracted institutional bids worth around Rs 2.5 lakh cr, more than 30 times the size of its anchor book. Over 70 investors, including global asset managers, sovereign wealth funds, domestic mutual funds and insurers, have expressed interest ahead of the October 21 opening. ...Less

Jio Platforms is making waves with its IPO, drawing in around Rs 2.5 lakh crore from institutional invest ...More

Jio Platforms is making waves with its IPO, drawing in around Rs 2.5 lakh crore from institutional investors, reflecting remarkable enthusiasm in the market. With backing from renowned global asset managers and sovereign wealth funds, this Rs 30,200 crore offering launches on October 21, featuring a price band of Rs 1,065 to Rs 1,119 per share. The company aims to use most proceeds to clear existing debts, enhancing financial stability. ...Less

In a notable shift, the shares of the National Stock Exchange of India dropped by more than 1% after the ...More

In a notable shift, the shares of the National Stock Exchange of India dropped by more than 1% after the IPO lock-in period concluded, now priced at Rs 1,683.70, significantly lower than their original listing value. Nevertheless, financial analysts express confidence in the NSE's potential, emphasizing its strong market share and profit capabilities. ...Less

Global investors included BlackRock Global Funds, Capital Group, Fidelity, New World Fund and American Fu ...More

Global investors included BlackRock Global Funds, Capital Group, Fidelity, New World Fund and American Funds Developing World Growth and Income Fund. Other overseas participants included Abu Dhabi Investment Authority (ADIA), Janus Henderson, Societe Generale, Morgan Stanley Investment Funds, Norway's Government Pension Fund Global, Citadel Securities Singapore, Eastspring Investments, T. Rowe Price, Prudential Hong Kong and Integrated Core Strategies (Asia). ...Less

Jio Platforms will wrap up its IPO bidding today, setting a new benchmark as India's largest public offer ...More

Jio Platforms will wrap up its IPO bidding today, setting a new benchmark as India's largest public offering to date. With an overwhelming interest from investors, substantial gains are forecasted when the shares list. Analysts from various brokerages endorse participation, highlighting Jio's robust leadership in the digital market, with growth prospects that cover cloud services and enterprise solutions beyond telecommunications. ...Less

The anticipated IPO of Jio Platforms is likely to reshape valuation assessments for both Reliance Industr ...More

The anticipated IPO of Jio Platforms is likely to reshape valuation assessments for both Reliance Industries and Bharti Airtel. With Jio's market debut, Reliance may witness a decrease in its holding-company discount. Meanwhile, Airtel stands to gain from rising telecom tariffs, boosting average revenue per user and overall profitability. The enthusiasm from investors towards Jio's IPO highlights strong market confidence in the sector's trajectory. ...Less

The Indian government is expected to surpass its budgeted disinvestment target of Rs 80,000 crore for FY2 ...More

The Indian government is expected to surpass its budgeted disinvestment target of Rs 80,000 crore for FY27. A significant contributor will be the strategic sale of IDBI Bank, which is valued at over Rs 52,878 crore. This sale includes the government's 30.48% stake alongside LIC's 30.24% stake in the bank. The total proceeds from various minority stake sales have already reached Rs 55,757 crore. ...Less

The IPO is priced at Rs 1,065-1,119 per share and will open on October 21, closing on October 23. At the ...More

The IPO is priced at Rs 1,065-1,119 per share and will open on October 21, closing on October 23. At the upper end of the price band, the grey market premium points to an indicative listing price of Rs 1,364 per share. ...Less

UltraTech Cement Q2 Results: The cement maker reported a 21% year-on-year rise in consolidated net profit ...More

UltraTech Cement Q2 Results: The cement maker reported a 21% year-on-year rise in consolidated net profit to Rs 1,494 crore in Q2 FY27, while revenue grew 19% to Rs 23,295 crore. However, profit fell 43% sequentially amid monsoon-related disruptions and the West Asia crisis, with margins also declining from the previous quarter. ...Less

Over the last year, nine equity mutual funds achieved returns exceeding 20% on SIP investments, showcasin ...More

Over the last year, nine equity mutual funds achieved returns exceeding 20% on SIP investments, showcasing robust market performance. Topping the charts is Samco Small Cap Fund, which saw an extraordinary return of 41.79%. Not far behind are the Bank of India Small Cap Fund and Motilal Oswal Focused Fund. In a review of 295 funds, 110 reported positive growth, particularly highlighting the success of small-cap categories. ...Less

Jio Platforms' Rs 30,213 crore IPO was subscribed 5.23 times by the end of Day 2, led by strong instituti ...More

Jio Platforms' Rs 30,213 crore IPO was subscribed 5.23 times by the end of Day 2, led by strong institutional demand, while the retail portion was subscribed 1.49 times. The issue has a grey market premium of around 22%, as brokerages highlight Jio's telecom leadership and digital growth opportunities. ...Less

In an interview with Kshitij Anand of ETMarkets, Jeet Marwadi, Founder and Managing Director of 1 Finance ...More

In an interview with Kshitij Anand of ETMarkets, Jeet Marwadi, Founder and Managing Director of 1 Finance, explains why reviewing loans, insurance, expenses and savings decisions can be just as important as investment selection—and why investors should seek financial advice early in their wealth journey. ...Less

IDBI Bank has been sold to Fairfax, resulting in a significant shift from government control to private o ...More

IDBI Bank has been sold to Fairfax, resulting in a significant shift from government control to private ownership. This sale follows a long period of bank recovery from bad loans and recapitalisation efforts. The new management faces challenges in driving IDBI Bank's growth in a competitive private banking environment. Foreign interest in India's banking sector continues to rise, influencing the strategic sale approach. ...Less

The Cabinet Committee on Economic Affairs has approved the strategic sale of IDBI Bank to a Fairfax Group ...More

The Cabinet Committee on Economic Affairs has approved the strategic sale of IDBI Bank to a Fairfax Group arm, Union Minister Ashwini Vaishnaw said. The government and Life Insurance Corporation of India will retain a combined 34% stake in the restructured entity. Vaishnaw called it India’s largest financial-sector FDI. ...Less

The Cabinet Committee on Economic Affairs approved the strategic restructuring of IDBI Bank to attract fo ...More

The Cabinet Committee on Economic Affairs approved the strategic restructuring of IDBI Bank to attract foreign investments. The government retains a minority stake in the bank after its recovery, enabling further growth. Fairfax Financial Holdings will acquire a 60.72 percent stake in the bank for Rs 52,878 crore. The transaction aims to strengthen India's banking sector and reduce government ownership of state-run assets. ...Less

Reliance Jio plans to launch its IPO with a unique bidding option exclusively for shareholders of Relianc ...More

Reliance Jio plans to launch its IPO with a unique bidding option exclusively for shareholders of Reliance Industries Limited. This specialized queue allows these investors to participate in dual bidding, minimizing application rejections. Eligible bidders can submit their requests through this preferential channel while still engaging with the general public pools. ...Less

Finance Minister Sitharaman criticized Akhilesh Yadav's remarks about the IDBI Bank's sale to Fairfax Fin ...More

Finance Minister Sitharaman criticized Akhilesh Yadav's remarks about the IDBI Bank's sale to Fairfax Financial Holdings. She accused Yadav's allies of ruining public sector banks during their tenure in the UPA government. Sitharaman emphasized that the NDA government has revitalized the banking system through transparency and capital infusion. The Cabinet approved the sale of a 60.72 percent stake in IDBI Bank for Rs 52,878 crore. ...Less

IDBI Bank shares plunged as investors booked profits after a nearly 13% rally in the previous session fol ...More

IDBI Bank shares plunged as investors booked profits after a nearly 13% rally in the previous session following the Cabinet’s approval of Fairfax’s acquisition of a 60.72% stake in the lender. The stock had hit Rs 93.60 on Wednesday, lifting its market capitalisation above Rs 1 lakh crore. The Rs 52,878 crore deal marks a major step in IDBI Bank’s long-awaited privatisation, with Fairfax’s bid of Rs 81 per share exceeding the independent valuers’ average fair value of Rs 75.99. ...Less

Despite a sharp market downturn in 2026, all 10 top-performing equity PMS strategies delivered positive r ...More

Despite a sharp market downturn in 2026, all 10 top-performing equity PMS strategies delivered positive returns in September, ranging from 3.55% to 5.67%. Amaltas Asset Management’s Keystone Fund led the rankings, while Cupid and Sterlite Technologies featured among the prominent holdings across multiple portfolio management strategies. ...Less

Retired employee sent income tax notice for Rs 9.04 lakh leave encashment, she wins case in ITAT Jaipur; ...More

Retired employee sent income tax notice for Rs 9.04 lakh leave encashment, she wins case in ITAT Jaipur; Know how leave encashment is taxed for private and government employees in India. ...Less

The Tatkal National Pension Scheme (NPS) is now available through the BHIM Payments App for eligible bank ...More

The Tatkal National Pension Scheme (NPS) is now available through the BHIM Payments App for eligible bank customers. This feature simplifies account creation without the need for a physical bank visit. ...Less

IDBI Bank's sale as part of a disinvestment strategy provides ₹26,000 cr to the government during economi ...More

IDBI Bank's sale as part of a disinvestment strategy provides ₹26,000 cr to the government during economic challenges. Government of India retains a 15% stake, indicating potential future market sales. The bank's strong performance is reflected in its improved financial metrics and management stability. Discussions about privatization in the banking sector may arise despite this sale not being privatization. ...Less

A notable increase in futures open interest indicates a rise in the number of active, unexpired futures c ...More

A notable increase in futures open interest indicates a rise in the number of active, unexpired futures contracts in a security. ...Less

Prem Watsa’s Fairfax Financial will acquire a 60.72% stake in IDBI Bank for Rs 52,878 crore, marking Indi ...More

Prem Watsa’s Fairfax Financial will acquire a 60.72% stake in IDBI Bank for Rs 52,878 crore, marking India’s largest cross-border banking deal. The Canadian investor plans to build a financial services powerhouse by combining banking with insurance, wealth management and capital markets. But regulatory approvals, overlapping ownership with CSB Bank and execution risks could test his biggest India bet. ...Less

Analysts believe this acquisition holds considerable potential, greatly enhancing Fairfax's branch networ ...More

Analysts believe this acquisition holds considerable potential, greatly enhancing Fairfax's branch network and deposit portfolio in India, paving the way for a diversified financial ecosystem. ...Less

The Cabinet Committee on Economic Affairs has approved Fairfax Financial Holdings' acquisition of a major ...More

The Cabinet Committee on Economic Affairs has approved Fairfax Financial Holdings' acquisition of a majority stake in IDBI Bank. The next steps include obtaining necessary regulatory clearance from the Reserve Bank of India. Employee service conditions and pensions will be protected under the new ownership. Future strategic restructuring plans for public enterprises are also in progress. Additional asset monetisation initiatives involving infrastructure are being developed for efficient capital use. ...Less

Fairfax Financial Holdings will acquire a majority stake of 60.72% in IDBI Bank for ₹52,878 crore. This a ...More

Fairfax Financial Holdings will acquire a majority stake of 60.72% in IDBI Bank for ₹52,878 crore. This acquisition marks a significant moment in the government's divestment efforts, as it represents strategic restructuring. The deal aims to strengthen the banking ecosystem and support the government's disinvestment target for the fiscal year. IDBI Bank's financial position has improved significantly, with reduced non-performing assets. ...Less

IDBI Bank shares surged nearly 13%, adding over Rs 11,460 crore to its market capitalisation amid progres ...More

IDBI Bank shares surged nearly 13%, adding over Rs 11,460 crore to its market capitalisation amid progress in the privatisation process. The bank reported strong Q2FY27 business growth, while JM Financial highlighted loan growth, deposit mobilisation and margin pressures across the banking sector. ...Less

Canada's Minister of International Trade has noted the investment potential between Canada and India in i ...More

Canada's Minister of International Trade has noted the investment potential between Canada and India in infrastructure development. Following IDBI Bank's sale, Canadian companies aim to expand their presence in key sectors. The need for building additional airports in India presents opportunities for Canadian expertise in infrastructure and aviation. Canadian pension funds are also participating in several Indian infrastructure projects. ...Less

Around 20 financial institutions were affected by cyberattacks earlier this month, with hackers allegedly ...More

Around 20 financial institutions were affected by cyberattacks earlier this month, with hackers allegedly exploiting stolen partner-bank credentials and vulnerabilities in payment APIs to siphon off funds. Following the attacks, CERT-In issued an advisory urging banks, NBFCs and fintech firms to suspend compromised interfaces, strengthen transaction safeguards and tighten customer verification. ...Less

India's top 10 listed blue-chip companies are experiencing a decline in market capitalisation share. This ...More

India's top 10 listed blue-chip companies are experiencing a decline in market capitalisation share. This decline is attributed to sustained foreign portfolio investor selling and large-cap stock underperformance. The top 10 companies now account for around 17.65% of the total market capitalisation as of October 9. Despite this, domestic flows are supporting the broader market and smaller companies are outperforming large caps. ...Less

Canadian billionaire Prem Watsa's bet on IDBI Bank is backed by faith in the Indian economy, he told Mohi ...More

Canadian billionaire Prem Watsa's bet on IDBI Bank is backed by faith in the Indian economy, he told Mohit Bhalla and Sruthijith KK in a phone interview. The government Wednesday approved the divestment of a majority stake in IDBI Bank to Watsa's Fairfax Financial Holdings. Watsa, 76, who was born near Hyderabad and studied at IIT-Madras, migrated to Canada in the 1970s. Started by him as an insurance company, Fairfax Financial now has assets of over $100 billion. Edited excerpts from the interview are in the copy. ...Less

Sensex and Nifty ended lower on Wednesday as investors booked profits after the previous session’s rally, ...More

Sensex and Nifty ended lower on Wednesday as investors booked profits after the previous session’s rally, with caution ahead of US inflation data weighing on sentiment. Market participants will track global cues, crude oil prices, foreign investor flows and stock-specific developments on Thursday, alongside buying and selling trends across key counters. ...Less

JioBlackRock Flexi Cap Fund made complete exits from 18 stocks, including Eternal and Ashok Leyland, in S ...More

JioBlackRock Flexi Cap Fund made complete exits from 18 stocks, including Eternal and Ashok Leyland, in September 2026, while trimming stakes in RIL, HDFC Bank, and 32 others. Managed by Tanvi Kacheria and Sahil Chaudhary, the scheme added 19 new stocks with total AUM standing at Rs 3,175 crore. ...Less

Indian equity benchmarks ended lower after a volatile session influenced by strong wholesale inflation an ...More

Indian equity benchmarks ended lower after a volatile session influenced by strong wholesale inflation and elevated crude oil prices. The Nifty 50 declined, testing the support zone of 22,580-22,620, which might weaken with repeated tests. Several companies, such as Reliance Industries and Tata Technologies, are expected to be in focus due to upcoming quarterly earnings. ...Less

On Friday, markets experienced a moment of reprieve as the Nifty index surged by 1.3%, buoyed by support ...More

On Friday, markets experienced a moment of reprieve as the Nifty index surged by 1.3%, buoyed by support from the IT sector. However, analysts anticipate that Indian stocks will tread carefully due to prevailing global economic uncertainties. Despite a decrease in the India VIX, suggesting lesser market anxiety, the actions of foreign and domestic investors were mixed. The rupee strengthened against the US dollar, aided by decreasing crude oil prices. ...Less

Benchmark Nifty encountered a decline of 0.7% on Monday, driven by growing geopolitical tensions. Market ...More

Benchmark Nifty encountered a decline of 0.7% on Monday, driven by growing geopolitical tensions. Market analysts foresee a cautious atmosphere in India, primarily due to volatile crude oil prices and the crisis in West Asia. Foreign portfolio investors exited the market, selling shares worth Rs 1,708 crore, whereas domestic institutional investors invested Rs 3,045 crore. The rupee's strength increased by 96 paise, marking its largest gain in six months. ...Less

Trent shares rose sharply after a strong Q2 business update, adding over Rs 17,540 crore to its market ca ...More

Trent shares rose sharply after a strong Q2 business update, adding over Rs 17,540 crore to its market capitalisation. The surge lifted the value of LIC’s stake in the Zudio parent by more than Rs 531 crore in a single session. Trent also crossed 1,000 Zudio stores during the quarter. ...Less

Benchmark indices encountered significant pressure as both US bond yields and crude oil prices climbed ab ...More

Benchmark indices encountered significant pressure as both US bond yields and crude oil prices climbed above $104 per barrel. Foreign portfolio investors sold equities amounting to Rs 12,943 crore while domestic investors acquired Rs 10,703 crore in shares. Analysts express concerns that potential breaches of support levels might lead to further market declines. ...Less

Jefferies expects RBI’s 25-basis-point rate hike and calibrated tightening stance to support bank earning ...More

Jefferies expects RBI’s 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. ...Less

In a recent move, the Reserve Bank of India has lifted the repo rate to 5.50% from 5.25%, impacting the l ...More

In a recent move, the Reserve Bank of India has lifted the repo rate to 5.50% from 5.25%, impacting the landscape of home loan interest rates. Public sector players such as Bank of Maharashtra and Central Bank of India are providing attractive rates near 7.00%. Meanwhile, the South Indian Bank stands out in the private sector with an enticing starting interest of 7.25%. ...Less

On Wednesday, the Nifty fell by 0.8% to 22,603 due to weak global cues and RBI's policy changes. Concurre ...More

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. ...Less

National Housing Bank plans to double the refinance and affordable housing funds for large housing financ ...More

National Housing Bank plans to double the refinance and affordable housing funds for large housing finance companies. These funds will be available to companies seeking long-term and cheaper financing options. LIC Housing Finance, Bajaj Housing Finance, and others are likely to benefit from this increase. The funding is expected to help reduce reliance on banks while promoting growth in housing loans. ...Less

Divi's Laboratories and TVS Motor Company have emerged as likely contenders to replace Max Healthcare Ins ...More

Divi's Laboratories and TVS Motor Company have emerged as likely contenders to replace Max Healthcare Institute and HDFC Life in the Nifty index at the March 2027 review. According to Quiddity Leaderboard, this transition may lead to significant inflows estimated at around $824 million. As the review remains in its nascent phase, further alterations to the Nifty 100 rankings are also projected. ...Less

ITC shares witnessed a drop on Thursday amid reports of likely block deals, with nearly 39 crore shares c ...More

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. ...Less

Kalyan Jewellers reported over 26% consolidated revenue growth in Q2 FY27, supported by strong Indian ope ...More

Kalyan Jewellers reported over 26% consolidated revenue growth in Q2 FY27, supported by strong Indian operations and approximately 20% same-store sales growth. International revenue rose 18%, while its lifestyle brand Candere grew 64%. The company expanded its showroom network, reduced non-GML debt to zero and expressed optimism about the festive and wedding season. ...Less

Indian markets plunged on Thursday as RBI policy tightening, persistent FII selling, rising bond yields a ...More

Indian markets plunged on Thursday as RBI policy tightening, persistent FII selling, rising bond yields and rupee weakness battered sentiment. The Nifty hit a 52-week low of 22,179, while the Sensex fell 1,045 points, wiping out over Rs 10 lakh crore. ...Less

LIC Mutual Fund Asset Management has appointed Ashis Kumar as Managing Director and CEO, effective Septem ...More

LIC Mutual Fund Asset Management has appointed Ashis Kumar as Managing Director and CEO, effective September 26. Kumar brings over three decades of experience across investments, operations, distribution and marketing, having previously served as COO and held senior leadership roles at LIC. ...Less

NSE shares have slipped below their IPO price after a brief listing-day rally, wiping out nearly Rs 41,00 ...More

NSE shares have slipped below their IPO price after a brief listing-day rally, wiping out nearly Rs 41,000 crore from the exchange’s peak market value. Despite the decline, analysts remain bullish, citing NSE’s dominant market position, strong profitability, cash generation and India’s long-term capital-market growth potential. ...Less

RBI repo rate: Borrowers with home loans linked to External Benchmark Linked Rates will see an increase i ...More

RBI repo rate: Borrowers with home loans linked to External Benchmark Linked Rates will see an increase in their EMIs. The Reserve Bank of India has raised the repo rate, impacting the cost of borrowing. This is the first repo rate change since December 2025 and will influence many floating rate loans. Home loan borrowers had previously benefited from reduced rates but now face higher payments. ...Less

Insurers like Life Insurance Corp and SBI Life need to improve cost efficiencies under new regulatory gui ...More

Insurers like Life Insurance Corp and SBI Life need to improve cost efficiencies under new regulatory guidelines. The proposals suggest lowering the expense of management limit from around 16% to 12.5% within five years. While larger insurers are compliant, they must reduce their efficiencies further. Smaller players might gain market share if they enhance their operations as well. The overall goal is to increase efficiency and value for policyholders. ...Less

Macquarie expects Indian banks to deliver 18% EPS growth in FY28, supported by higher margins, stronger l ...More

Macquarie expects Indian banks to deliver 18% EPS growth in FY28, supported by higher margins, stronger loan demand, easing liquidity pressures and stable asset quality. The brokerage upgraded Bank of Baroda, Kotak Mahindra Bank and select financial stocks. ...Less

NCLAT has issued notices to lenders on Essel Group chairman Subhash Chandra’s plea challenging an NCLT or ...More

NCLAT has issued notices to lenders on Essel Group chairman Subhash Chandra’s plea challenging an NCLT order that constituted a five-member bench in his personal insolvency case. ...Less

Bajaj General Insurance's MD highlights the need to focus on claim ratios instead of distributor commissi ...More

Bajaj General Insurance's MD highlights the need to focus on claim ratios instead of distributor commissions. The insurance regulator recently proposed expense caps for better customer protection. Industry discussions are ongoing to gather insights before formal representations are made. Swiss Re Corporate Solutions will collaborate with Bajaj General to provide tailored insurance solutions for globalizing Indian corporates. ...Less

On September 30, three stocks in the NSE F&O segment recorded over 7% increases in futures open interest, ...More

On September 30, three stocks in the NSE F&O segment recorded over 7% increases in futures open interest, indicating higher active contract positions and increased market participation. ...Less

Sixteen equity mutual funds delivered over 20% XIRR on SIP investments over the last seven years, with sm ...More

Sixteen equity mutual funds delivered over 20% XIRR on SIP investments over the last seven years, with smallcap funds dominating the list. Quant Small Cap Fund topped the list with a 26.93% XIRR. ...Less