Banking And Finance
States asked to expedite capex loans utilisation
New Delhi: The (DoE) has asked states to quicken utilisation under the Centre’s ₹2 lakh crore interest-free capex loan program, with only about a quarter of the budgeted amount used…
LIC to launch three insurance plans on 19 October: Benefits, features and eligibility explained
Also Read | The payout is based on the applicable sum assured rather than the actual cost of treatment. The plan also includes a monthly income benefit following a major-stage…
PPF account declared irregular after 12 years: What happens to your interest? High Court ruling explained
A Public Provident Fund (PPF) account being declared irregular does not automatically mean that a depositor must forfeit all interest. In a case involving an account opened in the name…
Former financial services secretary Nagaraju Maddirala appointed IL&FS CMD for two years
Former Nagaraju Maddirala has been appointed of Infrastructure Leasing & Financial Services (IL&FS) for two years, according to an official order. Maddirala, a retired financial services secretary is replacing Nand…
Market
Capital goods stocks fall after multibagger rally. Is this a buying opportunity for long-term investors?
2026 has been a strong year for high-voltage transmission and distribution (T&D) equipment stocks, with , , , and rising 66%, 34%, 23%, and 35%, respectively, year-to-date (YTD). In comparison,…
AI stocks under pressure: Why are Micron and SK Hynix plunging while other chipmakers gain?
The sell-off in chipmakers Micron Technology and SK Hynix intensified in Tuesday’s trade on October 13, amid growing concerns over competitive risks and the sustainability of the AI-led rally. Micron…
Rupee gains 145 paise in two trading sessions, but disquiet sets in forex market
While the rupee got a 145-paise boost in the last two trading sessions after the Reserve Bank of India announced a host of measures over the weekend to curb speculation…
Stocks jump as Sitharaman says government will hear investors on LTCG tax
Mumbai: Indian stocks rallied on Tuesday, with the Nifty 50 posting its biggest gain in over two months, after finance minister Nirmala Sitharaman said the government would hear investors’ views…
Market
KL Rahul-backed Boldfit secures $42 million to boost retail presence across India
Homegrown sports and fitness brand Boldfit has secured more than ₹400 crore (approximately $42 million) in a Series B funding round led by Bharat Fund, managed by The Wealth Company…
Blackstone’s AI Data Center Deals Are Looking Shaky
(Bloomberg Opinion) — In a capital-intensive industry where money is the weapon that catapults startups to scale and overwhelms rivals, financiers can have a lot of sway. This must be…
US bank earnings: How did JPMorgan, Goldman Sachs, Citigroup, Wells Fargo perform in Q3?
Four of the largest US banks reported mixed third-quarter earnings on Tuesday, with Goldman Sachs, Citigroup and Wells Fargo beating Wall Street estimates, while JPMorgan Chase fell short of analysts’…
Hyundai commits $15.5 billion to India, eyes global export hub expansion
Hyundai Motor Group on Tuesday announced plans to invest $15.5 billion in India by 2032, signalling its long-term commitment to the country as a major market for its future expansion.…
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