AADHAR
The great Indian money hunt: Why India's shadow banks are pulling in billions of dollars
Blackstone is negotiating a significant investment in IIFL Finance, indicating rising global interest in non-bank lenders. Recent deals include investments by Carlyle and Advent International in housing finance firms. The demand for credit in India is growing, with NBFCs playing a crucial role in accessing underserved markets. Foreign investments in the financial sector have exceeded $20 billion since 2025, reflecting confidence in stability.
Blackstone set to acquire 15% of IIFL for Rs 5,000 crore
Blackstone will invest around Rs 5,000 crore for a 15% stake in IIFL Finance, while promoters Nirmal Jain and R Venkataraman will invest Rs 1,200 crore to retain their combined holding at around 25%. Mumbai-based investor Rohit Kothari, through Anchorage Capital, will contribute about Rs 100 crore, taking the total capital infusion to over Rs 6,200 crore.
Stocks in news: BSE, Lenskart, Nykaa, Bharti Airtel, LIC, Aurobindo Pharma and Nalco
Indian equity markets have enjoyed a remarkable stretch, registering gains for five consecutive sessions. The Nifty 50 index showed impressive growth, sparking optimism for a breakout beyond 24,000. Companies like Lenskart, Aurobindo Pharma, and BSE are in the spotlight as they report positive earnings. Experts advise keeping an eye on the support levels as the bullish trend persists.
How to check if PAN is linked with Aadhaar? Step-by-step guide to check status online, link documents and know the consequences of not linking
Taxpayers in India must link their Permanent Account Number with Aadhaar to avoid penalties. Individuals can easily check their linking status online through the Income Tax Department's portal. If they need to link PAN with Aadhaar, they must follow specific steps laid out on the website. Those who miss the deadline face a fee of Rs 1,000 for the linking process.
PIL in Madras HC seeks probe into Cockroach Janata Party leader Saurav Das's background
A businessman has approached the Madras High Court seeking an investigation into Yogesh Sharma's background. He claims Sharma, known as Saurav Das, has Nepali roots that need to be probed. The petitioner alleges that Sharma has abused the judiciary and must therefore face consequences for his actions. Additionally, he requests the blocking of Sharma's social media accounts for derogatory statements against judges.
Delhi court declares Siddharth Khera absconder in Rs 400-crore Seagull Maritime case
A Delhi court has declared Siddharth Khera an absconder in a fraud case involving Seagull Maritime Agencies. Judicial Magistrate Deepakshi Rana ordered police to register an FIR after Khera failed to appear in court. The Supreme Court had previously allowed the investigation agency to explore diplomatic channels for his deportation. The allegations include diverting business payments to related firms alongside his father, Ajay Khera.
Bond investing: 5 online platforms where you can easily open online account and invest in bonds
Many investors are exploring high-yield bonds to secure consistent income through various platforms like Paisabazaar, IndiaBonds, Jiraaf, Grip Invest, and Bondbazaar. Each of these services presents a distinct approach for bond investment. It's crucial for investors to assess bonds based on their credit quality and associated risks, rather than merely their returns. By making informed choices, ongoing bond investments can help solidify long-term financial objectives.
Former NHB chairman Raj Vikash Verma passes away at 72; pioneered mortgage guarantee in India
Raj Vikash Verma, a leading figure in the financial sector, passed away at the age of 72. He played a crucial role in advancing housing finance and mortgage markets in India. Verma served as the chairman of the National Housing Bank and oversaw many key initiatives in the sector. His work laid the foundation for mortgage-backed securitization and affordable housing programs.
Only guarantee under VB-G RAM G is technology-driven exclusion, emasculation of gram panchayats: Congress
Congress criticised the Centre over the VB-G RAM Act, saying it guarantees only technology-driven exclusion, centralisation and emasculation of gram panchayats. The party spokesperson alleged the scheme implements additional workdays above the erstwhile Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). The party also accused the Centre of bulldozing the bill through parliament and alleged that the Act excludes millions from Adivasi and tribal communities.
After US, India is easiest place to list a company, says Blackstone president and COO Jonathan Gray, eyes $100 billion investment in the country
Blackstone's president and chief operating officer Jonathan Gray has stated plans to increase their investment in India to $100 billion. He highlighted positive sentiments surrounding India's economy, which is growing over 7%. Gray acknowledged recent concerns like rising energy costs but emphasized robust economic momentum. The firm is committed to investing in sectors such as infrastructure, financial services, and healthcare.
‘Mercedes on API salary’: Bombay HC questions Sachin Waze’s bail in Antilia case
On Thursday, the Bombay High Court raised concerns regarding dismissed Assistant Police Inspector Sachin Waze's financial activities. Waze, who had a salary under Rs 1 lakh, drove a Mercedes and stayed in a five-star hotel for an extended period. The court pointed out discrepancies associated with Waze's hotel booking identification and his use of a luxury vehicle.
Banks vs NBFCs: Which stocks could benefit as RBI eyes rate hike for first time in 3 years?
The RBI’s expected first rate hike in three years could have a mixed impact on banks and NBFCs. While higher funding costs may pressure NBFC margins, lenders with floating-rate assets and strong liquidity could benefit. Brokerages favour HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Bajaj Finance and Tata Capital.
National Housing Bank likely to double affordable housing outlay for HFCs this fiscal
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.
GST enforcement may shift from 'arrest' to 'detect, recover and prosecute serious frauds'
The GST Council is likely to consider major enforcement reforms on October 7 that could remove GST officers’ power to directly arrest alleged tax evaders and require greater judicial oversight. The proposed changes would shift routine disputes towards recovery, interest and penalties, while reserving criminal prosecution for serious, deliberate fraud.
UIDAI Aadhaar name change rules: How to change name after marriage, fix spelling mistakes, add or remove names and complete the update process
Aadhaar name change rules have been revised by UIDAI under a new Standard Operating Procedure issued on September 18, 2026. The updated process categorises name updates into minor corrections, data-entry errors, marital changes, regional-language errors and major name changes. Check the required documents, step-by-step process, Gazette notification rules and the applicable Rs 75 demographic update fee.
New LPG Aadhaar rule from October 1: Check Aadhaar authentication process, what to do if biometric verification is incomplete and other FAQs
LPG Aadhar rules: From October 1, Biometric Aadhaar Authentication will be required for domestic LPG consumers to book refills. Consumers can complete their authentication at home using dedicated mobile applications from the oil marketing companies. Those unable or unwilling to authenticate will still receive LPG but at market prices without subsidy. Alternative options for authentication include doorstep completion by delivery personnel or in-person at the distributor's showroom.
Assam: No certainty when Special Intensive Revision of electoral rolls rolled out
Assam went to polls early this year without SIR being carried out instead Special Revision was taken in its place. Assam which shares an international border with Bangladesh is a sensitive state and illegal influx from Bangladesh has always been an issue here.
IndusInd Bank CEO Rajiv Anand says name ‘unmapped’ from voter roll
Rajiv Anand, the MD and CEO of IndusInd Bank, has been informed that his name is unmapped from the electoral roll. He expressed confusion as he has valid identification including voter ID and Aadhar card. The Election Commission is conducting a Special Intensive Revision for voter list updates. They have extended deadlines for filing claims in Delhi and Maharashtra as part of this effort.
ETMarkets NRI Talk | AI’s 30x sales premium: Apurva Sheth on OpenAI, Anthropic and the valuation debate
OpenAI and Anthropic are reportedly commanding valuations that translate into roughly 30-38 times price-to-sales, compared with around 3.7 times for the average S&P 500 company.
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