7 6 LAKH CRORE TURNOVER
Parag Parikh Flexi Cap Fund increases stake in Coal India, M&M, Indus Towers and 11 others in October
Parag Parikh Flexi Cap Fund increased its stake in Coal India, Mahindra & Mahindra, Indus Towers and 11 other stocks in October, according to its latest portfolio disclosure. The fund added shares of DLF, Petronet LNG and Indraprastha Gas, among others, while maintaining its exposure to several existing holdings.
Why a 9% personal inflation rate could change your retirement corpus calculations
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.
Lenskart block deal: SVF II Lightbulb sells 1.6% stake worth Rs 1,896 crore; Societe Generale, Goldman Sachs, BNP Paribas among buyers
SVF II Lightbulb (Cayman) Limited executed a block deal selling 2.72 crore shares of Lenskart Solutions valued at approximately Rs 1,896 crore. The sale represented around 1.56% of Lenskart's equity capital and was executed at Rs 697.15 per share. The deal comes after Lenskart reported strong financial results for Q2FY27, with significant year-on-year growth in net profit and revenue.
Airtel's premiumisation push comes at a cost as net subscriber additions fall 78%
Bharti Airtel's net mobile subscriber additions plunged 78% sequentially to 7.2 lakh in the September quarter after it discontinued its Rs 299 prepaid smartphone plan, pushing churn higher. However, stronger ARPU growth to Rs 271 helped offset slower additions, supporting revenue and operating profit growth.
Waste to wealth: Centre earns over Rs 970 crore from disposal of scrap
Inspired by the vision and direction of Prime Minister Narendra Modi, and under the guidance of Union Minister of State for Personnel Jitendra Singh, the Special Campaign 6 for institutionalising swachhata and minimising pendency in government offices has recorded its highest-ever achievements across key parameters since the commencement of the annual special campaign in 2021, an official statement said.
Offline Aadhaar verification to get easier for users as UIDAI onboards 300 entities to complete process
UIDAI has successfully onboarded 300 Offline Verification Seeking Entities since the launch in January 2026. This initiative aims to enhance Aadhaar-based offline verification across various sectors including healthcare, education, and hospitality. Users can now complete identity checks without submitting physical copies of their Aadhaar cards.
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Angel One edges past Zerodha in NSE active investors, claims second spot; Groww leads
Angel One has overtaken Zerodha to become India's second-largest stockbroker by active NSE investors, adding 2.43 lakh investors in October. Groww retained the top position with 1.37 crore active investors. Angel One also reported its highest monthly client additions in nine months, alongside an improvement in trading activity and market share.
Angel One overtakes Zerodha to become India's second-largest stockbroker
Angel One's active client base rose to 69.98 lakh at the end of October, from 67.56 lakh in September. In comparison, Zerodha's active clients declined to 67.59 lakh from 67.92 lakh a month ago.
Aadhaar App: 300 organisations adopt offline verification system; users can verify identity without photocopies
In a significant move, UIDAI has rolled out its offline verification service to incorporate 300 organizations spanning diverse sectors like hospitality, healthcare, education, and consumer services. This initiative enables users to validate their identities through the Aadhaar App, which boasts upgraded security features. Consequently, the requirement for physical Aadhaar cards during transactions is eliminated, showcasing the increasing importance of Aadhaar in routine transactions, extending well beyond governmental functionality.
M-cap of BSE-listed companies tops Rs 500 lakh crore mark
The BSE has hit a significant milestone as the collective market capitalization of listed firms exceeded ₹500 lakh crore, driven by a comprehensive market rally and new listings. Although many indices remain below their historical peaks, strong demand from foreign portfolio investors and favorable global signals have led to an uplift in market sentiment. Challenges such as geopolitical shifts and profit booking, however, could threaten future expansion.
LIC net profit jumps 20% YoY to Rs 12,076 crore on higher premiums
Life Insurance Corporation of India reported a 20% year-on-year increase in net profit for the September quarter. Net premium income rose by 16.2% to ₹1.47 lakh crore during the same period. Despite investment challenges, the company's profit growth remained strong due to higher premium income. The value of new business also increased significantly, reflecting improved margins across product categories.
Centre releases Rs 1.09 lakh crore to states five days early, UP gets biggest share
The Centre has released Rs 1.09 lakh crore to state governments as tax devolution, advancing the November instalment by five days to support capital expenditure and welfare commitments. Uttar Pradesh received the largest allocation at Rs 19,208 crore, followed by Bihar and Madhya Pradesh. November's total transfer stands at Rs 2.18 lakh crore.
Ahead of Market: 10 things that will decide stock market action on Friday
Indian markets staged a powerful rally, with Sensex jumping 2,009 points and Nifty gaining 576 points. Improved global sentiment, easing crude prices, US midterm election results, foreign investor buying and strong Q2 earnings lifted market capitalisation above Rs 500 lakh crore.
Centre advances November tax devolution, releases Rs 1.09 lakh crore to states ahead of festive season
On November 5, 2026, the Centre released over Rs 1.09 lakh crore to state governments in advance. This release is typically done on November 10 each year, but it was advanced this time. The finance ministry stated that this advance supports states in boosting capital expenditures. The advance aims to assist states in financing their development and welfare-related projects.
Rs 21.6 lakh speculative trading loss in stock market triggers Income Tax notice for no tax audit; Trader wins case at ITAT Cuttack
Mr. Kumar, a diligent stock trader, faced considerable financial setbacks but overlooked the necessity of a tax audit. In response to his failure to comply with audit rules, the Income Tax Department slapped him with a penalty. After an unsuccessful appeal to CIT (A), he sought relief from ITAT Cuttack, which determined that Kumar's trading did not equate to business income needing an audit.
BSE shares jump 4% after Q2 results. Here’s what Bernstein, Motilal, others are saying
BSE shares rose sharply after the exchange reported a 44.9% year-on-year increase in Q2FY27 net profit to Rs 809 crore. Motilal Oswal maintained its Buy rating, Bernstein retained Underperform, while Nuvama continued with Hold. Here's what the three brokerages said about BSE's earnings and growth outlook.
Lenskart Q2 net profit more than doubles to Rs 232 crore, revenue rises 36%
The company’s net profit rose 125% to Rs 232 crore, compared with Rs 103.45 crore in the year-ago period. Profit before tax more than doubled to Rs 304.48 crore from Rs 148 crore a year earlier. The company's total expenses increased 31.1% — slower than its revenue growth — to Rs 2,596.8 crore, helping drive the improvement in profitability.
Gig workers may get social security benefits through 2% transaction levy on businesses
The government is considering implementing a 2% transaction-based levy on aggregators to support social security for gig workers. This levy will fund benefits such as insurance, health, and maternity support for over 12 million workers. There is a consensus that this approach ensures fairness among different types of aggregators. The new scheme is expected to be launched in 2027, requiring gig workers to meet specific work criteria.
ETtech Explainer: Food delivery, ride-hailing firms differ on gig worker welfare levy calculation
Food delivery and quick-commerce companies such as Zomato and Swiggy are seeking a levy based on the value of transactions facilitated through their platforms, while cab and bike-taxi aggregators such as Uber and Rapido want it to be calculated on their own turnover rather than the total value of rides facilitated.
Ahead of Market: 10 things that will decide stock market action on Wednesday
Indian equities rallied nearly 2%, with Sensex gaining 1,225 points and Nifty rising 370 points. Falling crude prices, renewed FII buying, resilient earnings and expectations of LTCG tax changes boosted sentiment, adding nearly Rs 4 lakh crore to market capitalisation.
Happiest Minds Q2 Results: Profit rises 15% to Rs 62 crore; revenue up 12% to Rs 645 crore
Happiest Minds Technologies has seen a 15.12% rise in consolidated net profit for the September quarter FY27. Revenue from operations also increased by 12.5% compared to the previous year. The company announced an interim dividend of Rs 3.05 per equity share for the 2026-27 fiscal year. An exceptional charge was included in the quarter's results due to a proposed merger with ITC Infotech.
LTCG abolition may cost just Rs 40,000–50,000 crore, SBI estimates show
SBI Research estimates that abolishing long-term capital gains (LTCG) tax would cost the government just Rs 40,000–50,000 crore in FY27, far below the Rs 1.3 lakh crore collected in FY25. Weaker stock market returns and sustained foreign investor outflows have significantly reduced expected collections, suggesting the move may not derail the government's fiscal consolidation plans.
Rajasthan man opens bank app to check balance, finds Rs 10,00,00,00,00,000 lien on account where he had Rs 55,000; bank blocks his entire savings
A 22-year-old medical store employee in Rajasthan's Sikar, earning Rs 10,000 a month, found a Rs 1 lakh crore lien on his Kotak Bank account while trying to recharge his phone. His Rs 55,000 savings also became inaccessible. Police and the bank later confirmed a technical glitch, and the hold was lifted.
Bank CD rates surge above 8% amid liquidity squeeze, rising T-Bill yields
Public-sector banks have recently increased one-year certificate of deposit rates beyond 8%, influenced by stricter liquidity and high treasury-bill yields. The reduction in banking liquidity has led to a noticeable rise in CD issuances lately. Observers predict further policy rate hikes to address inflation effectively, signaling that the current rates may not yet reflect their maximum potential amidst ongoing market fluctuations.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian stock markets surged nearly 2% on November 2, with Sensex gaining 1,233 points and Nifty rising 388 points. Falling crude oil prices, strong corporate earnings, positive global cues and foreign investor buying boosted sentiment.
Fiscal deficit in H1 rises to 42.1% of FY27 target on higher capex, subsidies
By September 2026, the Centre's fiscal deficit had escalated to ₹7.14 lakh crore, exceeding last year's figures. This increase is fueled by a 10.7% rise in total expenditure, largely a result of heightened capital spending and food subsidies, while petroleum subsidies sharply declined. Gross tax revenue, however, saw a modest growth of 6.1%, even with lower excise duty collections attributed to tax reforms.
Bank of Baroda’s FCNR(B) deposits surge nearly sixfold to Rs 1.03 lakh crore
Bank of Baroda's FCNR-B deposits rose to ₹1.03 lakh crore as of September 2026, reflecting substantial growth. The overall global deposits of the bank increased 16.4% year-on-year to reach ₹17.45 lakh crore. Domestic deposits also saw a marked increase of 16.6%, driven by term deposits growing 20.5%. Additionally, the bank reported a 35.8% rise in standalone net profit for the second quarter of FY27.
India's fiscal deficit for April-September at Rs 7.14 lakh crore, widens to 42.1% of FY27 aim
India's fiscal deficit for the first six months of the fiscal year reached Rs 7.14 lakh crore. Total receipts during this period equaled Rs 18.35 lakh crore, which is 50.3% of the budget estimate. Revenue receipts accounted for Rs 17.57 lakh crore, with net tax revenue being Rs 12.76 lakh crore. Non-tax revenue was reported at Rs 4.81 lakh crore, which is lower than last year.
'Rs 10,000 crore businesses worth at risk': Delhi traders urge Sonia Gandhi to postpone November 1 Ramlila Maidan rally
The Chamber of Trade and Industry (CTI) has urged Congress Parliamentary Party chairperson Sonia Gandhi to defer the INDIA bloc's November 1 mega-rally at Delhi's Ramlila Maidan until after Diwali. The traders' body warned that the expected turnout of 10 lakh people and 15,000-20,000 vehicles could cause severe traffic congestion, disrupting business across 20 major markets during the peak festive shopping season. It has suggested postponing the rally or shifting it to Burari Maidan.
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