The government is seeking views from investors and experts on long-term capital gains tax and the securities transaction tax as it reviews market levies while foreign money leaves. On October 13 the finance minister said, "There's a lot of debate." Stocks rose on that comment alone.
Read more at The Economic Times →
The Nifty 50 fell to 22,387 intraday on Monday, then climbed back to close at 22,753.20, up 0.68% and ending a four-session losing streak. The Sensex gained 482.92 points. The rupee slipped to a three-session low of 95.19. Smallcaps rose 1.38% after last week's slide.
Read more at BusinessLine →
Vikas Satija, MD and CEO of Shriram Wealth, said foreign selling on this scale would once have caused a 40 to 50% drawdown. Strong SIP inflows from retail investors capped the fall this time, he told a Business Standard summit. The monthly auto debit is now a market pillar.
Read more at Business Standard →
India's benchmark 10-year government bond yield rose to 7.48% on Monday, its highest level since October 2022, as crude stayed high and US Treasury yields held firm. A primary dealer said, "We might soon touch 7.5 per cent and the yield will then move towards 7.75 per cent."
Read more at Business Standard →
Anand Radhakrishnan, MD of Sundaram Mutual Fund, said large-cap valuations look attractive and a reversal in foreign selling could help them outperform. He called rising crude and rate hikes India's biggest macro risks, expects oil prices to ease, and says consolidation in the fund industry is inevitable.
Read more at The Financial Express →Jio Platforms lists on Wednesday after its ₹30,213 crore IPO was subscribed 22.19 times, with total demand above ₹7.4 lakh crore including anchors and close to 1.39 crore applications. India's biggest IPOs from LIC to Hyundai have had mixed listing days. Experts are split on whether Jio breaks the pattern.
Read more at Mint →SBI Funds Management fell 7% to a new low of ₹433.55 on Monday after its September quarter results, its lowest since listing on July 21. The stock trades 24% below its ₹574 issue price. Analysts still point to its franchise strength and wide distribution.
Read more at Business Standard →Mangalore Refinery and Petrochemicals shares rose as much as 12% to ₹182 on Monday while the broader market stayed listless. Nearly 80 million shares worth ₹1,387.19 crore changed hands, putting MRPL among the three most active stocks on the NSE by volume and value.
Read more at Business Standard →Swiss bank UBS now holds roughly 4.8% of Indian wealth manager 360 ONE WAM after converting all its warrants into shares. 360 ONE issued 20,502,939 shares to UBS, which paid a quarter of the exercise price in July 2025 and has now settled the remaining 75%.
Read more at fintech.global →Kerala's average mutual fund assets rose 13% to Rs 1.15 lakh crore between April and September, and Chhattisgarh's rose 12.9% to Rs 57,628 crore, AMFI data show. The industry grew 6.3% to Rs 87.09 lakh crore over the same six months. Their share of the total remains small.
Read more at cafemutual.com →Mutual fund assets held by retail and wealthy individuals rose 1.65% to Rs 53.10 lakh crore in the September quarter. ICICI Prudential led at Rs 6.80 lakh crore, just ahead of HDFC at Rs 6.73 lakh crore. SBI MF added the most, Rs 17,790 crore.
Read more at cafemutual.com →ICICI Prudential Mutual Fund has launched a BSE Power ETF, with the new fund offer open from October 26 to October 30 and a minimum investment of Rs 1,000. Heavy electrical equipment makers form 40.6% of the index and power generators 37.1%.
Read more at Free Press Journal →
The S&P 500 gained 0.70% and the Nasdaq rose 0.83% on Anthropic's IPO filing, which showed steep losses next to rapid growth. "Today's all about the Anthropic release, so we're back on a little bit of an optimistic tilt, I would say," said RWA Wealth's JP Powers.
Read more at The Economic Times →
Anthropic's filing puts it in position for what could be the largest IPO in history, CNBC reports, with investors already measuring its value in trillions. OpenAI has filed confidentially and expects a debut in 2027. Meanwhile Australia's Firmus and SK Hynix's Solidigm unit have both withdrawn IPO plans.
Read more at CNBC →
Anthropic reported $16.29 billion in revenue for the first half of 2026, while OpenAI reported $6.7 billion in the second quarter, according to Reuters. The comparison is tricky because the two companies count sales through cloud partners differently. Both numbers are large enough to survive the footnote.
Read more at The Economic Times →
Anthropic's revenue rose to $4.59 billion in 2025 from $386 million in 2024, and hit $16.29 billion in the first half of 2026 alone. It lost $8.06 billion in 2025 and posted a $693 million operating loss in the first half, Reuters reported. Computing power drives the costs.
Read more at The Economic Times →
OpenAI is in talks to raise up to $30 billion at a $1.25 trillion pre-money valuation, CNBC reported, led by Coatue with UAE investors. A Bloomberg report in September put the valuation at $1.4 trillion. OpenAI declined to comment. A $150 billion gap is now a detail.
Read more at thepaypers.com →Goldman Sachs lowered its 12-month target for South Korea's Kospi by 25% to 9,000, citing doubts about the AI trade and a sharp retreat in Korean chip stocks. The index has fallen more than 35% from its June peak. The new target still implies more than 60% upside.
Read more at Mint →PayPal shares fell 3% to $55.12 ahead of its third-quarter report this week, even after Truist raised its target to $58 while keeping a neutral rating. Klarna dropped 2% and Affirm fell under 1%, while the broader financial sector rose. Branded checkout results are the test.
Read more at Yahoo Finance →Physically backed gold ETFs turned net negative last week, with $3.01 billion redeemed against $1.80 billion of new money, World Gold Council data showed. US investors led with $1.7 billion as gold fell below $4,000 and posted its worst week since June.
Read more at BusinessLine →Deutsche Bank's asset manager DWS will honour just 10% of redemption requests at its flagship property fund. The cap aims to preserve liquidity and avoid gating the fund altogether. The full piece is for FT subscribers.
Read more at Financial Times →With a $2 trillion pile of risky debt on offer, investors can afford to be picky, the FT reports, and that is driving costs even higher for the riskiest borrowers. Choice is a wonderful thing when you are the one choosing. The full piece is for FT subscribers.
Read more at Financial Times →France's 10-year bond yield dropped more than 0.1 percentage points after Paris avoided a credit downgrade from Moody's, and French bonds rallied. Avoiding a downgrade remains one of the more reliable ways to get a rally. The full piece is for FT subscribers.
Read more at Financial Times →
Banks are retreating from forex swaps in which they bought dollars spot, sold them forward and parked the money in US Treasury bills, ET reports. The rupee liquidity came from the $132 billion FCNR deposit drive, where the RBI absorbed the cost of hedging the principal.
Read more at The Economic Times →
SBI chairman CS Setty expects another 0.50% rate hike at the RBI's December review and a pause in February 2027. "If a couple of rate hikes are going to be there, the discretionary consumption demand and the consumption credit will be impacted," he said.
Read more at The Economic Times →
Bank of Maharashtra's net profit rose 41.42% to ₹2,310 crore in the September quarter from ₹1,633 crore a year ago. Net interest income grew 21.76% to ₹3,954 crore and operating profit rose 30.86% to ₹3,369 crore, the public sector lender said.
Read more at Fortune India →
IDFC First Bank's Q2 FY27 profit after tax rose 196.5% to ₹1,045 crore. Deposits grew 25.9% to ₹3,48,583 crore and loans rose 30.1%. The CASA ratio slipped to 48.4% from 50.1%, which the bank put down to the large FCNR(B) deposit drive.
Read more at ANI News →
Bank of India's global net profit rose 25.4% to ₹3,202 crore in the September quarter from ₹2,555 crore a year earlier. Global net interest income grew 18.5% to ₹7,007 crore. The stock has lost 14.51% over the past six months.
Read more at tradebrains.in →Tamilnad Mercantile Bank's net profit rose 42% to a record ₹451 crore in the September quarter from ₹317 crore. Interest income climbed 29% to ₹1,820 crore. "Containing cost and driving the net interest income has resulted in Rs 451 crore net profit," said CEO Salee Sukumaran Nair.
Read more at The Economic Times →Kerala-based Dhanlaxmi Bank reported a net profit of ₹48.55 crore for the September quarter, up from ₹23.20 crore a year ago. Gross NPAs improved to 1.76% from 3.10%. The shares fell 8.40% to ₹32.73 on the BSE. The market had its own expectations.
Read more at Business Standard →The RBI has barred Puducherry Co-operative Urban Bank from giving or renewing loans and taking fresh deposits, and capped withdrawals at Rs 5,000. The bank will keep operating under these limits until its finances improve, the RBI said. It has six branches and 26,336 members.
Read more at The Times of India →Central Bank of India says no customer accounts were affected after media reports of 187 unauthorised transactions worth Rs 13.97 crore from its settlement account with the RBI between October 15 and 17. It blamed a technical issue on a localised RTGS server and says services are fully restored.
Read more at The Economic Times →Public sector banks mobilised about $12.7 billion through FCNR(B) deposits, helped by the RBI's swap support, bank chiefs said at the Business Standard BFSI Summit in Mumbai. The heads of five state-run banks discussed the diaspora's role and the risks of leveraged deposits.
Read more at Business Standard →IDFC First Bank has appointed independent director S Ganesh Kumar as part-time non-executive chairperson from May 10, 2027, succeeding Sanjeeb Chaudhuri, subject to RBI approval. Pradeep Natarajan was reappointed as executive director for three more years. Succession planning, here, comes with plenty of notice.
Read more at TradingView →IRDAI has extended the deadline for feedback on its insurance commission consultation paper to October 31, citing "significant interest." The paper, released on September 23, proposes changes to commission structures and distribution practices. Chairman Ajay Seth has said the regulator has not reached a conclusion.
Read more at The Economic Times →Prime Minister Narendra Modi inaugurated a new RBI data centre and cybersecurity training institute in Bhubaneswar on October 25. The data centre will house critical systems including RTGS and NEFT. The institute will train specialists in cybersecurity and artificial intelligence.
Read more at londondaily.news →SBI has opened a cybersecurity centre of excellence, CyRIS, to anticipate emerging threats, with work ranging from threat intelligence to quantum-safe technology. The bank said 1.81 lakh of its 2.45 lakh employees completed cybersecurity e-learning in FY26.
Read more at The Economic Times →
SBI chairman CS Setty backed a minimal merchant discount rate on select UPI transactions, saying it could help banks fund rising volumes without significantly affecting consumers. UPI needs sustained investment in computing infrastructure and real-time fraud monitoring, he told a Business Standard summit. Free, it turns out, has running costs.
Read more at Business Standard →
Pine Labs has partnered with Sri Lanka's WEBXPAY so merchants on the island can accept UPI along with net banking from over 100 Indian banks. The companies call it the first payment aggregator to payment aggregator arrangement of its kind in Sri Lanka. Settlement is T+1.
Read more at bfsi.eletsonline.com →
NPCI chief marketing officer Ramesh Yadav said expanding UPI adoption remains a priority alongside building consumer confidence. "It's so frictionless. And I think that lies at the core of what UPI stands for," he said at an afaqs conference. UPI's brand, he noted, is reinforced by everyday transactions.
Read more at afaqs! →
Anand Mahindra says he now uses BHIM, NPCI's own UPI app launched in December 2016, after a conversation explained the difference between payment apps and the network beneath them. "NPCI provides the tracks. And what an extraordinary railway India has built!" he said. The trains, presumably, remain optional.
Read more at Business Today →
Bitcoin fell nearly 2% to about $79,800 on Monday as traders cut risk before the Federal Reserve's Wednesday meeting, CoinDesk reports. Investors are watching for signs of a December rate increase. Analysts say Bitcoin must reclaim $82,500 to restore buyer confidence.
Read more at coindesk.com →Tokenised assets and digital money could pressure net interest income, which makes up 25 to 30% of wealth managers' revenue, says Morgan Stanley, adding that this is "mitigated by opportunities for clients to borrow against a broader set of assets." Every threat arrives with a lending opportunity.
Read more at BusinessLine →US spot Bitcoin ETFs took in about $35 billion in 2024 and $21 billion in 2025 as Bitcoin hit about $126,000. The first half of 2026 reversed that, with $4.5 billion in outflows in June alone. The piece calls flows a good sentiment gauge and a poor price predictor.
Read more at The Economic Times →Airtel Money reported half-year revenue of $830 million, up 25% at constant currency, in its first results since a London IPO that valued it at about £5.3 billion. Pre-tax profit rose 18% to $360 million. The listing was London's largest in five years.
Read more at aol.co.uk →Asian fintechs raised $3.2 billion in the third quarter, up 28% on the previous quarter, CB Insights data show. Singapore took a record $1.7 billion, or 53.1% of the total, led by Ant International's $1.2 billion Series A. That is a generous way to start the alphabet.
Read more at fintechnews.sg →Coast, which offers fuel cards and corporate cards to field-based businesses, raised $35 million led by Thomvest Ventures, with Intuit Ventures among new backers. It wants to become a wider financial operating system for the sector. The AI data centre boom is keeping electricians and HVAC crews busy.
Read more at fintech.global →London insurtech Marrow raised $2 million in pre-seed funding led by Insurtech Gateway to build a common framework for AI assistants to buy insurance. Research it cites found 18.7% of UK home insurance shoppers had used AI tools, compared with 14.5% who used a broker.
Read more at fintech.global →Amsterdam's Backbase has launched Delivery Factory, which pairs banking delivery teams with specialist AI agents. Teams using it across more than 10 projects worked at twice the pace of conventional teams, the company says, and 30% faster than teams using general AI coding assistants.
Read more at fintech.global →The Canadian government has opened a 60-day public consultation on draft stablecoin regulations that would maintain a ban on yield payments. Canadian stablecoin holders can expect stability and no interest, which is arguably the point of the product.
Read more at Finextra →
HDFC Bank has launched a Flexi (Green) electric car loan that lets borrowers set separate repayment periods for the car body and the battery. The battery can be repaid over a longer tenure, which the bank says can keep that EMI close to the running cost of a petrol car.
Read more at Mint →
Paytm and AU Small Finance Bank have launched a lifetime free RuPay credit card that rewards eligible Paytm UPI spends and offers family airport lounge access on flights booked through Paytm. "When families travel together, the benefits of a card should work for them together," Paytm said.
Read more at Mint →
On a Rs 10,000 purchase, an 8% discount and 10% cashback can look alike while delivering different value, experts say. A discount cuts the price up front, and cashback arrives after you pay. Points must be valued by their redemption options. The maths is the easy part.
Read more at The Economic Times →
Several banks including ICICI Bank and Indian Bank have raised fixed deposit rates after the RBI lifted the repo rate to 5.50% from 5.25%. ICICI added 10 basis points on select tenures for deposits under Rs 3 crore from October 23. Further hikes cannot be ruled out.
Read more at The Economic Times →
With central banks raising rates and the RBI shifting its stance to calibrated tightening, its first hawkish turn in close to four years, bond funds face a tricky phase. The article suggests short-duration funds and high-quality corporate bonds to help debt portfolios weather it.
Read more at The Economic Times →Bond laddering spreads money across staggered maturities such as one, three and five years, reinvesting each as it matures. A barbell strategy puts money at both ends of the maturity range, with short bonds for liquidity and long bonds for potentially higher yields.
Read more at The Economic Times →When a job loss or medical emergency makes EMIs hard to pay, borrowers can ask lenders to restructure a home loan by changing repayment terms. It can bring immediate relief, Mint explains, but it may increase the total interest paid and affect the borrower's credit profile.
Read more at Mint →If a builder disappears or goes bankrupt, the home loan still stands because the agreement is with the bank, and missed EMIs will hurt your CIBIL score. Buyers should read the tripartite agreement and write to the bank to ask about a moratorium or restructuring.
Read more at The Economic Times →Surrendering a ₹1 crore life insurance policy before maturity can mean losing a large part of the premiums paid, and some policies return nothing at all. The ₹1 crore sum assured does not set the surrender value, says Prerak Parmar of Bharti AXA Life. The product type does.
Read more at Mint →Some wealthy investors borrow against shares that have gained value instead of selling them, which delays capital gains tax. Lenders usually offer 50 to 60% of the pledged value, and small and mid caps may get only 30%. The tax waits. The interest does not.
Read more at Mint →The ₹8,415 crore of Yes Bank AT1 bonds written off in 2020 has had the write-off set aside by the Bombay High Court, a ruling the Supreme Court upheld. The open question now is the pending coupon. Sebi has since limited AT1 issues to institutional buyers.
Read more at Mint →Financial educator Neha Nagar told a Business Standard summit that a ₹3 crore corpus is enough for financial independence for many Indians. She said younger people should focus on personal development before rushing to invest. Everyone has their own definition of wealth, she added.
Read more at Business Standard →MCX gold is around ₹1,42,800 per 10 grams, about ₹38,000 below its record of ₹1,80,779 set on January 29, 2026. Analysts blame a stronger dollar and rising Treasury yields, plus profit booking after the early rally. Buyers heading out for Dhanteras get the discount.
Read more at Mint →Subscribers now understand NPS money is meant for retirement and the horizon is long, says Sumit Shukla, MD and CEO of Axis Pension Fund. He does not think the recent addition of new funds and plans has made NPS more complicated for the average subscriber.
Read more at The Economic Times →Banking and markets roles checked today, fintech included. Every listing links to the original posting. Salary negotiation sold separately.
Upcoming fintech festivals and finance summits, each checked against its own page this morning. Lanyards are not an asset class.
It sits on your phone like an app and has never once asked for an update.
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