CHEQUES
Under attack, banks bolster cyber covers, opt for higher sum assured to protect against hits
For large financial institutions, the biggest impact often is the loss arising from systems remaining unavailable after an attack, rather than the immediate cost of the breach. Besides business interruption, ransomware, data theft, cyber extortion and third-party liabilities are among the key risks.
Diwali/ Laxmi Puja bank holiday: Are banks open or closed today on November 9, 2026?
Bank branches will close in certain states on November 9, 2026, for Diwali and related festivities. Customers should verify bank operating hours in their regions before planning any bank visits. Celebrations including Diwali/Laxmi Puja will lead to closures in several states like Uttar Pradesh and Madhya Pradesh. Other states and union territories will maintain regular operations on this day.
Urijah Faber reveals that MMA star Nate Diaz once thought he was rich with just $15,000, planned to buy a house and a car: Here’s how much Diaz has made now
In a lighthearted moment, Urijah Faber shared a funny tale about Nate Diaz's financial misunderstanding post-The Ultimate Fighter victory. With a newfound $15,000, Diaz was eager to purchase a home for his mom, only to be hit with a financial reality check while car shopping with a buddy. Though a championship eluded him, Diaz has thrived in the UFC, now boasting a large net worth from multiple ventures.
India to launch new cheque book rules from January 1, 2027? RBI clarifies
RBI has clarified that there will be no changes to the standard CTS cheque books in 2027. Social media messages claimed new cheque books with security features would be introduced from January 1. The central bank has emphasized these claims are misleading and factually incorrect. RBI urges the public to rely only on information published by the bank.
The high price of being King Trump: How tariffs and war fuelled voter anger
Inflation has significantly impacted the political careers of Biden and Trump. Rising costs have led to voter discontent against both administrations in recent elections. Trump's tariff policies and military actions have contributed to increasing economic burdens on citizens. Democrats now have an opportunity to implement policies that address voter concerns about inflation and foreign conflict. Improving these areas could help position them competitively for the 2028 presidential election.
Saturday bank holiday: Are bank branches open today, November 7, 2026? Check details
Customers should mark November 7, 2026, on their calendars as banks will be fully operational on this first Saturday of the month. They will be able to process cash deposits, withdrawals, and cheque services. However, bank closures will occur on the second and fourth Saturdays. Additionally, with upcoming holidays such as Diwali and Guru Nanak Jayanti, it’s advisable to check the holiday schedule for effective banking planning.
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.
Sequoia Capital restructures operations after raising $10 billion, shuts London office
In a bold move, Sequoia Capital is undergoing a major restructuring by shutting down its London office and disbanding the Arc accelerator and Scouts programs. These changes come amid a leadership shift and a focus on selective investing. With approximately $10 billion raised in new funds, Sequoia is committed to backing European founders, albeit from its Bay Area hub.
Democratic victory in midterm elections adds a new twist to stock markets' Iran war, AI, and debt worries
Investors are watching the implications of the recent Democratic win in the US midterm elections. Geopolitical tensions, particularly the Iran war, continue to elevate oil prices and market risks. Regulatory scrutiny on the rapidly growing AI sector is expected following the election outcomes. Market volatility is anticipated to persist due to fiscal policy debates and increasing debt concerns. The market response so far has shown modest gains despite heightened uncertainties.
Insurance agent deposits Rs 35 lakh cash collected from policyholders in his bank account, gets tax notice; he fights and wins in ITAT Jaipur
Policyholders gave Rs 35 lakh cash as insurance premiums which agent deposited in his bank a/c; Income Tax Dept sent agent notice for unexplained cash; he wins case in ITAT Jaipur.
Kerala Home Minister directs Vigilance to examine Rs 2 crore bribery allegation against CEC Gyanesh Kumar
Kerala Home Minister Ramesh Chennithala has directed the VACB to investigate new bribery allegations against Gyanesh Kumar. The allegations involve a former contractor who claims Kumar demanded a bribe during a road construction project. This project was part of the Kerala State Transport Project conducted nearly two decades ago. A previous Vigilance inquiry was closed without establishing the claims made by the contractor.
US midterm elections 2026: What do you need to bring to vote and and where to vote on Election Day
In the US, voter identification rules differ markedly state by state. Some states mandate photo identification, while others accept non-photo or even no ID at all. First-time voters should check specific ID requirements to verify their identity. Preparing in advance will likely enhance their voting experience on November 3.
How much will your Medicare premium rise in 2027 and how much of your Social Security raise will you actually keep?
The standard Medicare Part B premium may go up by $6.60 a month next year. That is far smaller than the jump in 2026. Still, for people living on Social Security, even a small rise matters, because the premium usually comes out of the monthly check.
Lighting lives beyond Diwali: How everyday Indians are making a difference through giving
An RBI officer, a Bengaluru retailer, a safari lodge owner and a 24-year-old money coach tell us how giving a little, steadily, lights someone else’s life, long after Diwali.
Money changes from November 1, 2026: Revised PNB credit card charges, increased Indusind Bank fees and ITR deadline; know key changes
Effective November 1, 2026, IndusInd Bank will roll out new fees for any failed savings account transactions. Concurrently, Punjab National Bank will adjust service charges related to credit card transactions. Pensioners must provide their life certificates by November 30, 2026, to continue receiving benefits.
Ex-IAS officer, who ventured into filmmaking, gets bail in cheque-bounce case
Former IAS officer and filmmaker Ramesh S Thete has been granted bail concerning a cheque-bounce matter. After his arrest in Nagpur, he sought release via personal bond in court. The case was initiated by Pradeep Ramteke after Thete's cheque was returned due to lack of funds.
PNB credit card changes from November 1, 2026: Bank to revise Visa, RuPay card charges for ATM withdrawals, late payment fees, utility bill payments and more
Punjab National Bank will implement revised charges for credit card services on November 1, 2026. Changes will include increased fees for cash withdrawals and late payment charges for different outstanding amounts. Additionally, duplicate statement requests will incur a fee after three months, and reward point redemptions will now cost Rs 99. Utility bill payments exceeding Rs 50,000 will also attract a new fee of 1%.
Indian fathers in business want their Gen Z sons to take charge but won't let them sign a Rs 50,000 cheque
Financial advisor Prem Soni has identified three traps preventing Gen Z sons from leading Indian family businesses: limited financial authority, public criticism and delayed succession planning. He argues that fathers often blame their sons for lacking initiative while refusing to relinquish control. The post sparked debate over generational conflict and business succession.
Axis Bank to revise savings account charges from December 1, 2026: Free transaction limit to fall; EDGE Rewards Program to end; charges to rise
Axis Bank will implement a new fee structure affecting its domestic and NRI savings accounts. The free cash transaction limit will reduce from four to three transactions or Rs 1 lakh. Minimum balance penalties will also change, particularly for semi-urban and rural accounts due to increased maximum charges. Additionally, the EDGE REWARD program will be discontinued for several account categories.
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