ACCOUNTS
Mutual fund SIP inflows decline marginally MoM to Rs 32,160 crore in October
Mutual fund inflows showed mixed trends in October, with equity fund investments declining 14% month-on-month to Rs 32,993 crore. Debt funds reversed two months of outflows to attract Rs 1.13 lakh crore, while hybrid funds and ETFs also recorded positive inflows. The industry's net AUM rose to Rs 83.23 lakh crore.
India doesn’t have a savings problem. It has a savings incentive problem
Indian households are saving more than ever. The bigger question now is whether money kept accessible in a savings account can also earn meaningful value while it waits to be used.
Have incorrect details in your EPF account? 5 easy steps to update name, date of birth, date of joining & more online
EPF members now have the ability to rectify discrepancies in their account records using the newly introduced online joint declaration facility. This tool enables users to update personal information, such as names and dates of birth. Once a correction request is made, it requires verification and approval from the employer before the EPFO office finalizes the process.
SC asks WhatsApp, others to list measures to prevent digital arrest, related cyber crimes
In an order uploaded on the website with regard to the hearing conducted on October 29 in a suo motu case titled 'In Re: Victims of Digital Arrest Related to Forged Documents', a bench headed by Chief Justice of India Surya Kant asked WhatsApp and like intermediaries to simultaneously submit their proposals to the I4C (Indian Cybercrime Coordination Centre).
Stock Market Holiday today: Are NSE, BSE open or closed today on account of Diwali-Balipratipada? Check remaining holidays for the year
Stock market open or close today: The Bombay Stock Exchange and the National Stock Exchange will not operate on November 10 in celebration of Diwali-Balipratipada. However, trading will continue on the Multi-Commodity Exchange that evening. After an initial spike, both indices faced a slight decrease during the recent Muhurat Trading. Notably, the market capitalization has enjoyed a robust increase recently, with further holidays causing closures on November 24 and December 25.
India's investment outlook strengthens as credit, exports rebound; inflation relief likely: HSBC
India's investment outlook is improving as credit growth and corporate revenue increase, pointing towards stronger private capital spending. The report from HSBC highlights that funds to the commercial sector have risen significantly compared to previous years. Additionally, rising services exports have helped maintain a steady current account deficit in the economy. However, challenges such as weak rural demand and inflation continue to impact households and corporate margins.
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Bond yields muddy the books as banks prepare for new accounting rules
With a new accounting framework approaching in April 2027, Indian banks like Canara Bank and Central Bank of India are adjusting their transition costs and reassessing their portfolios. Recent fluctuations in government bond yields, driven by economic factors such as oil prices and currency volatility, have led banks to increase their expected credit loss provisions.
81-year-old Bengaluru CA helps 8 companies send Rs 200 crore overseas, seeks protection from arrest after tax evasion probe, blames staff misused his digital signature
An 81-year-old Bengaluru chartered accountant allegedly issued 163 Form 15CB certificates for eight companies involved in foreign remittances worth Rs 200.58 crore. He claimed his staff misused his digital signature. A Mumbai special court rejected his anticipatory bail plea, questioning the timing of his police complaint.
Who is Surekha Vani? Telugu actress' Instagram account hacked, issues warning over circulation of private content
Actress Surekha Vani has taken to social media to announce that her Instagram account has been compromised, leading to the unauthorised distribution of her private content. She has called upon users and media outlets to cease sharing this content. To protect her privacy, Vani is prepared to initiate legal proceedings against anyone who continues to circulate these materials.
Rs. 400 crore of ‘cash’ that existed only on paper: Not for the first time, nor will it be the last
When something is wrong inside a company, the people running it know first. The auditors may sense it next. A regulator might confirm it years later, in an order the public finally gets to read. The ordinary shareholder sits at the very end of that queue, usually learning the truth only after the share price has already delivered its verdict. The value of reading the accounts closely is simple: It is the one way to move a little higher up that queue, while there is still time to act.
Demat account additions hit 9-month high in October as IPO boom draws investors
In October 2026, new demat account additions reached a nine-month high, driven by strong IPO activity. NSDL and CDSL reported adding nearly 3.36 million accounts during the month. The total number of demat accounts at the end of October was approximately 244 million. The increase in account openings was mainly influenced by the successful launch of several public issues.
A record 769,000 Americans now have $1 million in their 401(k). Here’s how much they save
As of late June, an impressive 769,000 people had exceeded $1 million in their workplace retirement accounts. Fidelity revealed that the average 401(k) balance was pegged at $155,800, while the median was notably lower at $35,800. In the second quarter, thanks to a 14.9% increase in the S&P 500, many account holders saw significant recovery.
Centre supports plea to deny perks to high office holders who quit to avoid removal
The Centre has expressed support for a public interest litigation regarding constitutional functionaries and their resignation benefits. The petition aims to prevent these functionaries from retaining perks upon resigning to evade removal proceedings. Solicitor General Tushar Mehta indicated the government would respond to the petition. The plea also argues that such provisions are arbitrary and violate constitutional rights. This legal action highlights the importance of accountability among high constitutional offices.
‘You better lawyer up’: Ilhan Omar takes aim at Trump, says the ‘bigot in the White House’ should not have messed with Minnesota
Ilhan Omar marked her re-election victory in Minnesota, framing the results as a strong repudiation of Donald Trump's presidency. She stressed the vital role of community engagement and voter participation as a response to the administration's policies. Omar directly condemned Trump as a bigot, promising heightened accountability from Democrats while warning him and his associates of increased scrutiny under the new House Oversight Committee leadership.
Why Do Businesses Close Old Accounts on Diwali 2026? Chopda Pujan Meaning, Shubh Labh and New Ledger Tradition
During Diwali, Chopda Pujan is an important ritual for business families, signifying the closing of old financial accounts. This ceremony represents a heartfelt expression of gratitude while fostering positive aspirations for the upcoming year in business. Worshippers pay homage to Goddess Lakshmi, Lord Ganesha, and Goddess Saraswati, asking for guidance in wealth and wise decisions.
Bank account frozen suddenly? Check why it happened, how to unfreeze it and recover your money
For individuals affected by the freezing of their bank accounts due to untraceable money sources, remedy is available via the Grievance Redressal Mechanism (GRM) and the Money Restoration Module (MRM). Users can contest any debit freezes by filing official complaints through GRM. Meanwhile, MRM aids in reclaiming disputed funds after thorough verification.
Google turns off AI for schoolchildren by default
Google has said it will switch off its AI tools for schoolchildren by default, after drawing criticism for pushing artificial intelligence features to students while schools are still debating how the technology should be used in classrooms. The feature was switched on by default for students at schools that had already enabled Gemini.
SC seeks Centre, ECI response to plea challenging blanket immunity for Election Commissioners
The Supreme Court has sought responses from the Centre and the Election Commission on a plea challenging legal immunity granted to the Chief Election Commissioner and other Election Commissioners for acts performed in official duties. The petition questions whether Section 16 of the 2023 law violates constitutional principles of equality, accountability and access to justice.
Congressman Subramanyam vows to end 'forever wars', fight tariffs, hold Trump admin accountable
Indian-American Congressman Suhas Subramanyam recently won re-election in Virginia's 10th Congressional District. He pledged to address concerns about rising costs, healthcare cuts, and federal workforce reductions. Subramanyam committed to ending "forever wars" and fighting unnecessary tariffs to lower costs. His victory reflects significant gains by Democrats in the recent midterm elections. Subramanyam aims to collaborate with the community to drive changes in Washington.
HDFC Bank to offer deposits under Capital Gains Accounts Scheme
HDFC Bank has received government authorisation to offer deposits under the Capital Gains Accounts Scheme (CGAS), 1988. The facility will allow taxpayers to park unused capital gains in savings accounts or fixed deposits for up to three years while retaining eligibility for applicable tax exemptions and earning interest on their deposits.
Stockal scam: Trading platform says unauthorised third party accessed customer accounts
Stockal has disclosed that unauthorized trading practices impacted 13 client accounts, resulting in notable financial losses. Investors claim their assets were liquidated without consent, redirecting funds towards unauthorized transactions. An investigation revealed there was no compromise within Stockal's systems; however, it points to a likely social engineering incident. Affected investors have reached out to regulatory bodies in India and the U.S.
Public spending must deliver results: Om Birla
Lok Sabha Speaker Om Birla highlighted the importance of public accounts committees in ensuring accountability for public expenditure. He stated that public money must be used responsibly and for its intended purposes. PAC chairman KC Venugopal expressed concerns over six state chief secretaries missing a crucial meeting.
Six arrested for financial fraud using mule accounts, suspected Pakistan Intelligence links
Preliminary investigation revealed that an SBI bank account belonging to FIR-named accused Marjina Begum of Ganesh Nagar, PS-Chandmari, Guwahati, had received credits amounting to lakhs of rupees within just 47 days, between 22 June and 5 August 2026. It was further observed that the amounts credited to the account were withdrawn almost immediately after each deposit, indicating a suspicious pattern of financial transactions.
How to permanently delete your Snapchat account: Follow these steps on Android, iPhone and computer to deactivate your account
To permanently delete a Snapchat account, users must navigate through the Snapchat Accounts Portal and follow a designated procedure. Initially, the account undergoes a 30-day deactivation phase, during which reactivation is possible. After this window closes, the account is permanently deleted. It's essential to back up any important memories, as account data will be irretrievably lost.
Spandana Sphoorty Financial reports cyberattack involving its bank account
Spandana Sphoorty Financial encountered a cyber fraud incident with unauthorized transactions on November 1. The amount involved was approximately 78 million rupees, which was transferred to multiple beneficiary accounts. Upon detection, the company promptly stopped affected services and notified its bank. A request for reversal and account freezing was also made to the bank. Additionally, Spandana registered a complaint with the National Cyber Crime Reporting Portal.
Mansukh Mandaviya rolls out EPFO services on WhatsApp, starts auto-settlement of small inoperative accounts
Union Labour & Employment Minister Mansukh Mandaviya launched EPFO services through WhatsApp for easier access. Subscribers can check their PF balance and transaction history conveniently using this platform. The automatic settlement for inoperative EPF accounts was also introduced, streamlining the process for beneficiaries. In total, around one lakh accounts will benefit from this initiative. The EPFO's commitment to evolve and focus on worker-centric innovations was emphasized during the celebration.
France moves to make rioters pay through family welfare benefit
France's Senate has approved a law to hold families accountable for damages caused by riots and unrest. This legislation allows authorities to recover compensation from family benefits like housing aid and allowances. Critics argue that the bill may disproportionately affect vulnerable families and discourage peaceful protests. Similar accountability measures are being considered in other European countries amid concerns over riots.
How to delete Instagram account permanently: Check steps for android, iPhone and laptop users and understand what happens after deleting account
Instagram users can permanently delete their accounts through the app or website. The process involves selecting options in the Accounts Centre for account deletion. After submitting a request, there is usually a 30-day period to reconsider the decision. Users must also back up important data and ensure they are deleting the correct account. It is essential to be mindful of any linked subscriptions before proceeding with deletion.
Study analyzes ancient translations of text to trace accounts of Jesus's resurrection dating back 2,000 years
Jesús Fernández-Pedrera Correa has conducted an extensive study of the Testimonium Flavianum, a passage ascribed to the historian Flavius Josephus. This research encompasses various linguistic interpretations from Greek, Latin, Arabic, and Syriac. The findings reveal narratives of Jesus appearing alive to his disciples following the crucifixion, highlighting notable variations, particularly concerning the title of Messiah.
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