It sits on your phone like an app and has never once asked for an update.
iPhone
Jio Platforms rose 26.7% above its issue price on Wednesday, Business Standard reports, making it the country's second most valuable listed company. The paper says few of India's biggest public offerings have arrived with such force in recent years. The leaderboard has been politely rearranged.
Read more at Business Standard →
Foreign investors bought a net ₹871.83 crore of Indian equities on Wednesday and domestic institutions a net ₹643.35 crore, provisional exchange data shows. The Sensex still fell 353 points to 73,246. Everyone was buying. The index did not get the memo.
Read more at cnbctv18.com →
The rupee depreciated 21 paise to a provisional 95.28 against the US dollar on Wednesday, weighed by a stronger dollar and surging crude prices. It opened at 95.01 and touched an intraday low of 95.29. Traders expect a slight negative bias to continue.
Read more at BusinessLine →
Indian benchmarks ended lower on Wednesday with the Sensex down 353 points, CNBC TV18 reports, though broader markets outperformed. Jio Platforms debuted strongly, Larsen and Toubro and pharma stocks gained, and the Nifty IT index slid 2% as technology shares stayed under pressure.
Read more at cnbctv18.com →
The benchmark 6.94% 2036 bond yield traded between 7.42% and 7.49% before ending little changed at 7.44%, Economic Times reports. It failed to hit 7.50% for a second straight session, which traders said triggered short covering. Rising Brent prices and US Treasury yields weighed.
Read more at The Economic Times →Two brokerages say Indian stocks could rebound in November after the Nifty 50 briefly turned oversold, with year to date losses near 13%, possibly its worst year in over a decade. IIFL Capital warns elevated crude and global interest in the AI trade make outperformance a tough task.
Read more at BusinessLine →Panellists at the Business Standard BFSI Insight Summit said India remains structurally attractive but is no longer an obvious buy. Slower relative growth, elevated oil, uncertain earnings visibility and technology disruption weigh on flows. Macquarie's Sandeep Bhatia said India's emerging market pecking order position has weakened.
Read more at Business Standard →Srinivas Rao Ravuri, chief investment officer at Bajaj Life Insurance, told Mint he expects mid-teens earnings growth for Nifty 50 companies in FY27 and FY28. He said some blue chips show that even a great company can be a poor investment if investors pay too much for it.
Read more at Mint →Syngene International closed 12% higher at ₹411 on Wednesday, its biggest single day gain in six years, Mint reports. The contract research firm posted a Q2 net profit of ₹32.2 crore, reversing a ₹9 crore first quarter loss, though profit fell year on year.
Read more at Mint →Sona BLW Precision Forgings hit a new high of ₹882 on Wednesday, gaining 4% intraday in a weak market, Business Standard reports. The auto parts maker has risen for three straight days, adding 17%, and has more than doubled from its January low.
Read more at Business Standard →Ola Electric shares ended 4.95% higher on Wednesday and have returned 11% in a week, Mint reports. Its ₹1,000 crore rights issue of partly paid shares was fully subscribed by market close ahead of the closing date, according to media reports citing subscription data.
Read more at Mint →Ramky Infrastructure shares surged 17.4% to ₹300 on Wednesday, their biggest single day gain since August 2022, despite a 46% fall over the year. Mint reports no major fundamental trigger. Nearly 7 million shares changed hands, about five times the usual volume.
Read more at Mint →Silver for December delivery fell ₹1,416, or 0.72%, to ₹1,95,301 per kg on the Multi Commodity Exchange on Wednesday in a turnover of 1,089 lots. Analysts blamed participants trimming bets. In New York the metal traded 1.01% lower at $53.87 an ounce.
Read more at BusinessLine →HDFC Bank reported a 5% rise in Q2 net profit to ₹19,510 crore, a largely in line result, and its shares have dropped 6% since, Economic Times reports. ICICI Bank posted a 20% profit rise to ₹14,800 crore. The paper looks at what comes next for lenders.
Read more at The Economic Times →
The Dow rose 0.24% to 52,503.78, the S&P 500 gained 0.33% to 7,748.03 and the Nasdaq added 0.32% on Wednesday. The Fed left rates unchanged, upgraded its view of the economy and said inflation remains elevated. Chair Kevin Warsh stressed readiness to act.
Read more at The Economic Times →
Fed Chair Kevin Warsh said after the rate hold that most colleagues do not judge the economy to be running too hot. He said productivity has improved, though it cannot be measured precisely, and that growth itself is not fuelling inflation. Economists will now measure his precision.
Read more at The Economic Times →
Alphabet missed Wall Street profit and revenue estimates and reported negative free cash flow of $9.07 billion, against expectations of roughly breaking even. Shares fell more than 10% after hours. CFO Anat Ashkenazi said AI capital spending will rise significantly in 2027.
Read more at BusinessLine →
Two year Treasury yields fell as much as four basis points to 4.7% after Warsh said the Fed will hold fewer rate setting meetings from next year, Bloomberg reports. Traders still priced in more than a 90% chance of a quarter point hike in December.
Read more at Mint →
OpenAI generated $10 billion of Microsoft revenue in the quarter to September 30, about 11% of the total, its filing shows, GeekWire reports. That beats Xbox at $5.4 billion and search and advertising at $6.6 billion. Bing has found a new way to come second.
Read more at GeekWire →Google's Tensor Processing Units have become a "meaningful contributor" to revenue growth, Nikkei Asia reports, as demand for its in-house AI chips rises during the AI infrastructure buildout. The full piece is for subscribers. Nvidia was presumably listening.
Read more at Nikkei Asia →Meta Platforms said it will raise $35 billion through underwritten public equity offerings, then up to $60 billion more through an at the market programme, Mint reports. The larger sale follows the start of trading in new non-voting Class C shares, expected in early 2027.
Read more at Mint →SK Hynix reported record Q3 operating profit of 83.33 trillion won, or $62.8 billion, up 632% year on year on demand for advanced chips, Mint reports. The result lifted chip stocks including AMD and Micron by up to 5% ahead of Microsoft and Alphabet results.
Read more at Mint →The pan-European STOXX 600 fell 0.16% to 642.64 in early trade on Wednesday as investors weighed contrasting bank results, Economic Times reports. Deutsche Bank rose 3.5% after a 2% rise in third quarter profit, beating forecasts that expected a decline.
Read more at The Economic Times →World shares were mixed on Wednesday after AI stocks lifted Wall Street. Germany's DAX shed 0.2%, the CAC 40 slipped 0.1% and the FTSE 100 fell 0.4%. In Asia, South Korea's Kospi rose 6.8%. Oil climbed more than 1% on renewed supply concerns.
Read more at BusinessLine →The World Bank expects commodity prices to rise 23% this year, with energy up 32% to its highest since 2022, in its Commodity Markets Outlook. Global oil supply is set to fall 5.2%, its biggest decline in four decades outside 2020. Brent is projected to average $92.
Read more at The Economic Times →Brent trades near $115 a barrel and WTI around $101, close to six month highs, Business Standard reports. Kotak Neo's Kaynat Chainwala says October's rally has shifted from genuine physical tightness to pricing what could happen next. Brent has gained more than 12% this month.
Read more at Business Standard →
Bandhan Bank cut its gross NPA ratio to 3.11% from 5.02% a year earlier as unsecured loans recovered. Managing director Partha Pratim Sengupta preferred to call it the best profit in eight quarters rather than a 5.6 times rise. Modesty, it turns out, has a multiplier.
Read more at The Economic Times →
Bandhan Bank expects a ₹200 crore hit from an IRDAI proposal on third party product distribution that would lower commission income for banks. MD Partha Pratim Sengupta said the whole industry is affected and the bank will shift focus to mutual fund distribution.
Read more at The Economic Times →
Sebi has signed a memorandum of understanding with the Bank of England for cooperation and information exchange on clearing corporations recognised by the Indian regulator, CNBC TV18 reports. The pact supports cross border regulatory coordination and international clearing activity.
Read more at cnbctv18.com →
Sebi is exploring a domestically built AI model for the securities market, chairman Tuhin Kanta Pandey said at the BFSI Insight Summit, citing concerns about confidentiality and availability of frontier models. He described it as possible digital public infrastructure. Sebi is also reviewing its SME framework.
Read more at Business Standard →
The latest FICCI IBA Bankers' Survey says the sector holds a strongly constructive credit outlook, backed by better asset quality and stronger capital buffers. More than four fifths of respondents expect both retail and SME loans to drive growth, with early signs of private capex revival.
Read more at The Economic Times →The same bankers' survey names geopolitical risk and supply chain disruption as the top obstacle to private capex revival, ahead of the cost of capital. Banks still expect industrial credit to grow over 9% in six months. Public sector banks have a ₹7.8 lakh crore corporate pipeline.
Read more at The Economic Times →Cholamandalam Investment's board approved raising up to ₹5,000 crore through a qualified institutional placement over six to nine months. Assets under management rose 25% to ₹2.68 lakh crore, disbursements jumped 47% to ₹35,872 crore and loan losses fell 3% to ₹874 crore.
Read more at The Economic Times →Satin Creditcare's pre-operating profit grew 53% to ₹324 crore as microfinance provisions fell to ₹83 crore from ₹133 crore. Consolidated business grew 31% to ₹16,589 crore, and gross NPA improved to 1.9% from 3.5% a year earlier, Economic Times reports.
Read more at The Economic Times →City Union Bank reported a 27% rise in Q2 FY27 profit after tax to ₹416 crore. Net interest income grew 31% to ₹873 crore and the gross NPA ratio improved 98 basis points to 1.44% from 2.42% a year earlier.
Read more at kalkine.co.in →Small NBFCs have lost about ₹300 crore to AI driven cyberattacks in two months, Economic Times reports. One Delhi lender lost ₹7.5 crore in an attack and ₹7.25 crore more days later. Cybersecurity agencies are urging NBFCs to upgrade infrastructure quickly.
Read more at The Economic Times →The YES Bank AT-1 Bondholders' Association has asked the RBI to use its supervisory powers to secure implementation of the Supreme Court judgment on reinstating the bonds, written off in March 2020. It says YES Bank failed to pay a coupon due despite the ruling.
Read more at TradingView →Punjab National Bank will close accounts with zero balance and no customer operations for over three years, it said in an October 26 statement. Holders must complete KYC by November 10, 2026 to keep them. The bank cites misuse risks of inactive accounts.
Read more at The Economic Times →The Securities Appellate Tribunal quashed a ₹1.49 crore MCX penalty on Ventura Securities over client position limits, after finding a former committee member had signed the order. MCX must refund ₹1.76 crore debited from the broker. The signature, it seems, mattered.
Read more at Business Standard →
PayPal raised its annual profit forecast as cost cuts and wider margins took hold, BNN Bloomberg reports. CEO Enrique Lores, who took over after the board ousted Alex Chriss, said he is increasingly confident in PayPal's earnings growth potential. The share price has heard this before.
Read more at bnnbloomberg.ca →
Visa CFO Christopher Suh projected adjusted net revenue growth in the low double digits for fiscal 2027 on its Q4 call. Management highlighted resilient consumer spending, value added services and early commercialisation of agentic commerce and stablecoins, while keeping a measured profitability outlook.
Read more at ca.finance.yahoo.com →
Canada's Wealthsimple agreed an equity round of up to CAD 425 million, with CAD 300 million primary and up to CAD 125 million secondary, FinTech Global reports. GIC leads, with Power Corporation, IGM Financial, ICONIQ, CPP Investments and Inovia returning. Funds will speed its product pipeline.
Read more at fintech.global →
The Bank of England has ordered a review of Revolut's internal controls over new product launches, Sifted reports, just months after Europe's biggest fintech secured its long awaited UK banking licence. The full piece is for subscribers. The licence came with homework.
Read more at Sifted →
Wealthtech Nevis closed a $70 million Series B led by EQT Ventures, taking total funding to $110 million within two years of launch. Charles Schwab, Sequoia Capital, ICONIQ, QuantumLight and Ribbit Capital joined. Schwab is a strategic backer and plans deeper integration.
Read more at fintech.global →Retail spending grew 7.1% in July, 9.6% in August and 6.8% in September, the RAI Innoviti SANKET report shows, with tier 3 cities ahead of tier 1 throughout. UPI linked spending grew over 17% each month while card linked spending declined in July and September.
Read more at BW Businessworld →Paytm and AU Small Finance Bank launched a RuPay credit card with 2% rewards on eligible Paytm UPI spends and 5% on Paytm Travel bookings. It carries no joining or annual fee and offers family airport lounge access on eligible flights booked through Paytm.
Read more at TradingView →Air India, SBI Card and Visa will develop a Visa powered co-branded credit card for members of Air India's Maharaja Club loyalty programme. The card will offer rewards on everyday spending and travel purchases, aimed at Indian demand for travel focused financial products.
Read more at Indian Aviation News →Mahindra Group chairman Anand Mahindra said on X on October 26 that he has switched to BHIM, the payments app built by NPCI. He said a conversation with a friend prompted him to learn more about the app. NPCI's marketing budget may now relax.
Read more at News18 →FASTag toll and parking volume fell to 337.34 million in September from 351 million in August, NPCI data shows, while the number of tags issued rose, Medianama reports. More tags, fewer trips. The toll booths noticed.
Read more at MediaNama →Tech Mahindra has partnered with Mastercard to integrate virtual card and payment capabilities into ERP and procurement platforms, Analytics India Magazine reports. The aim is to automate business to business payments and reconciliation inside the software companies already use for suppliers and finance.
Read more at analyticsindiamag.com →Overwatch Data, an AI native threat intelligence firm, closed a $15 million Series A led by Mouro Capital, with Visa Ventures and Capital One Ventures as strategic backers. It will extend its AI agents into monitoring, underground investigations and merchant onboarding checks for fraud teams.
Read more at fintech.global →Amsterdam's Backbase launched Delivery Factory, pairing banking delivery teams with specialist AI agents. It says teams across more than 10 implementations worked twice as fast as conventional teams and 30% faster than those using general purpose AI coding assistants.
Read more at fintech.global →AssetMark, a US wealth management platform serving over 10,000 financial advisors, has opened AssetMark Global Wealth, a global capability centre in Hyderabad for about 500 employees. It has worked in India through an outsourcing model for nearly a decade, BusinessLine reports.
Read more at BusinessLine →
Sebi chairman Tuhin Kanta Pandey said direct plans will be the default option on fund houses' digital platforms from November 1. Investors choosing regular plans must be told about their higher expense ratios. The aim is clearer costs as more households invest through SIPs.
Read more at Mint →
Resident individuals can now remit up to $250,000 a year under the Liberalised Remittance Scheme. A Zee Business report says the RBI has proposed a ₹50 lakh sub-limit on certain transactions to curb dollar outflows, Mint notes, explaining what it could mean for overseas spending.
Read more at Mint →
EPF balances earn interest for 36 months after retirement at 58, then the account turns inoperative if not withdrawn. Economic Times shows a ₹50 lakh corpus at 8.25% would grow to about ₹63.42 lakh by age 61. After that, the interest politely stops.
Read more at The Economic Times →
A one day EMI delay can make an account overdue and attract late charges, Mint explains, but it does not automatically drop your credit score. The impact depends on lender reporting and repayment history. Repeated late payments are what really damage creditworthiness.
Read more at Mint →
With gold prices up sharply, selling unused jewellery looks like easy cash, Economic Times says. But purity, actual gold weight and buyer deductions all shape the payout. Find out what an heirloom is really worth before parting with it.
Read more at The Economic Times →Small-cap mutual funds are correcting, yet money keeps flowing in, Financial Express reports. Buying at lower NAVs can help, but a correction does not guarantee recovery and losses can persist for years. The piece lists five risks SIP investors should weigh.
Read more at The Financial Express →Financial advisers at the Business Standard Smart Investor Arena 2026 said investors should not switch funds just because another scheme is returning more. They should check whether holdings still serve their goals and investigate the reasons behind weak returns before acting.
Read more at Business Standard →Just over a third of Indian family enterprises have a documented succession plan, a Grant Thornton Bharat and Entrust Family Office report finds. Another 42% agree broadly but have not formalised it, 16% are still discussing it, and 6% do not consider it a priority.
Read more at Mint →Mint's expert says capital gains on Indian property sold by a non-resident are taxable in India because the asset sits here. The tax treatment stays the same whether the buyer is a resident Indian or an NRI. Gains on property held over 24 months qualify as long term.
Read more at Mint →ITAT Pune accepted ₹2.75 lakh of a bank employee's ₹3 lakh cash deposits as wedding gifts and savings, but kept a ₹25,000 addition where gift confirmations were missing. The lesson for taxpayers is simple. Keep the list of who gave what.
Read more at Mint →Indian residents can buy shares of companies like Apple, Meta and Amazon through the RBI's Liberalised Remittance Scheme and GIFT City based platforms, Mint explains. The guide covers how much you can invest and whether you can apply directly for US IPOs.
Read more at Mint →Banks are rolling out festive interest concessions and fee waivers, Mint reports, which may look more appealing after the RBI raised the repo rate by 25 basis points on October 7. Paisabazaar CEO Santosh Agarwal explains what borrowers should look for before signing.
Read more at Mint →The Central Pension Accounting Office has revised how eligible death and disability cases migrate from the National Pension System to the Old Pension Scheme. A new procedure dated October 19, 2026 replaces the 2025 version to ease problems faced during migration.
Read more at The Economic Times →Women have always been good savers, chartered accountant Rachana Ranade said at the Business Standard Smart Investor Arena. The next step is turning those savings into informed investments. "The only thing is to convert those savings from that dabba to a demat," she said.
Read more at Business Standard →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.