ETCS LEVEL 2
European tech is coming to Bengaluru's suburban tracks: Rs 1,017 crore ETCS upgrade planned across two corridors
Bengaluru's suburban rail project will adopt the European Train Control System (ETCS) Level-2 for corridors 2 and 4, with the signalling infrastructure estimated to cost Rs 1,017 crore, excluding GST and customs duty. K-Ride has floated a tender for the system, replacing the earlier CBTC proposal. The Mallige and Kanaka lines are expected to have different installation timelines, while ICF will manufacture 51 three-coach trains for the project.
Delhi's post-Diwali smog puts Rekha Gupta & Co's clean-air promise to test
Delhi's air quality has recently deteriorated, reaching a severe level of 370 on November 9. Chief Minister Rekha Gupta's government is facing scrutiny over its clean-air promises amidst worsening conditions. Despite various pollution-control measures, including a winter action plan, the situation remains dire as the season intensifies. Punjab has also reported a significant number of stubble-burning incidents contributing to regional pollution.
Equities, debt or gold? Kalpen Parekh lays out the right asset allocation approach this Diwali
Investors should prioritize asset allocation instead of merely chasing recent gains. The ongoing market consolidation offers a chance for long-term Systematic Investment Plan (SIP) investors to buy more units at reduced prices. It's beneficial for new investors to seek advice from financial professionals to create effective investment strategies. Investing gradually in equities following market corrections is wise for steady growth.
Gold taxation explained: How much tax you pay on selling physical gold, ETFs, fund of funds and SGBs
Tax on capital gains from gold investment: Investing in gold can yield gains, but investors must be informed about the associated tax liabilities. Different types of gold investments, including physical gold, ETFs, and FoFs, have varying tax implications. Gold held for less than 24 months generates short-term capital gains, while long-term gains apply to gold held longer. Sovereign Gold Bonds (SGBs) have specific tax exemptions if held until maturity, which investors should note.
Issue for foreigners is they don't pay taxes elsewhere: Samir Arora, founder and Group CIO of Helios Capital
Samir Arora from Helios Capital discusses India's optimistic earnings forecast, suggesting a growth of 14-15%. Despite this, foreign investors remain wary due to uncertainties surrounding the capital gains tax regime, impacting their sentiment towards investment. He draws an analogy between the current AI investment frenzy and historical market trends, emphasizing that substantial corporate investments are persisting even amidst falling valuations.
ET Prime Special Series: Multibagger or IBC - Part 83: Under this auto ancillary’s hood, sales and profits tell different stories
Some auto suppliers spend years trying to win a major customer. This business has been associated with one for four decades. That has helped build manufacturing scale, product capabilities, and a presence near auto plants. But it also creates an unusual equation for investors. Nearly 90% of the company's FY26 revenue is from sales to one related customer. Its portfolio spans parts that can survive the EV transition and others more closely tied to ICE vehicles. The story is about how durable customer access becomes durable returns.
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The business of running a hospital: Balancing profitability, patient trust and scale
A hospital’s financial health depends on more than occupancy and revenue, requiring a careful balance of cost control, cash flow and patient trust.
World War III: US to introduce mandatory military service as Trump, Vance abruptly cancel campaign rallies amid Iran tensions?
Fears of World War III are growing amid rising tensions between the US and Iran, with President Donald Trump abruptly cancelling his scheduled campaign events over the weekend. The developments have raised questions about whether the conflict could escalate and whether American civilians could eventually be called up for military service.
‘Facing ‘gerontonomia’, the West’s young opt for political extremes’
Tim Vlandas analyzes the influence of aging populations on electoral politics in advanced capitalist nations like Europe. Older voters display different policy preferences, emphasizing pensions over issues of younger demographics. Consequently, governments often allocate more resources to pension spending rather than investing in education and infrastructure. Young voters may become politically disenchanted, leading to radical shifts towards extreme parties.
ET Prime Special Series: Multibagger or IBC - Part 82: This auto ancillary’s name tells only 20% of the story. What’s the other 80%?
The shift towards electric vehicles, or EVs, is forcing traditional auto-component suppliers to reconsider their future. For some, it threatens core products. For others, it creates opportunities in components that can survive the death of the combustion engine. This supplier finds itself on both sides of that transition. Its original business is exposed to ICE vehicles, while its manufacturing division has developed products relevant to EVs. Alongside, the company is pursuing other initiatives. Will these translate into stronger profits, or will rising financial obligations limit the benefits?
Piramal Pharma cutting China exposure to manage supply-chain resilience, says Nandini Piramal
In a strategic move to enhance risk management, Piramal Pharma has drastically cut its reliance on Chinese raw materials to under 10%. The company is actively diversifying its supply chains to provide greater flexibility against geopolitical challenges while broadening its manufacturing footprint to locations like India, the UK, and the US.
Industrial DA hike for CPSE employees: Rate rises to 59.1% from October 1; check revised rates for 1997, 2007 and 2017 pay scales
The Ministry of Finance announced a revision in the Industrial Dearness Allowance rates for certain CPSE employees. This revision will be applicable starting from October 1, 2026, affecting various pay scales. Employees in board-level and supervisory roles will see an increase in their IDA rates. Different IDA rates will apply for those under distinct pay scales from 1987 to 2017.
Reinventing the pond: How this Bengal start-up is helping fish farmers battle climate and credit crisis
At a time when climate change is impacting world resources, including the aquatic system, Jalpaiguri’s Essential Aquatech is working to empower smallholder fish farmers by turning data into actionable insights and measures.
Did your balanced advantage fund buy the dip? Here's what your investment strategy should be now
When markets fell, BAFs had an opportunity to increase equity exposure. Many did, while others were more cautious.
PMS Talk: AI, defence and electronics manufacturing are the next growth engines, says Vaibhav Agarwal
In this edition of ETMarkets PMS Talk, we speak with Vaibhav Agarwal, Founder & CIO, Accelt Asset Management LLP, about how his team’s bottom-up stock-picking approach identifies businesses capable of delivering sustained earnings growth. He explains why smallcaps offer opportunities among companies growing earnings at 25–30%, how the GMCV framework — Growth, Management, Capital Efficiency and Valuation — helps separate potential compounders from value traps, and why paying the right price matters even when a business has a compelling growth story.
America's $1 trillion annual interest bill is growing as national debt surges, so why isn't the US facing a debt crisis like France?
The United States continues to finance its national debt more effectively compared to France. While both countries face rising borrowing costs, the US dollar's global status provides crucial advantages. Increased federal interest costs are currently impacting public funding for services in America. France's debt challenges are worsened by political divisions and economic stagnation, which restrict fiscal reforms.
John Abraham stays in a Rs 60 crore, 4,000 sq ft sea-facing Mumbai home. Eco friendly house has wooden floor, staircase, glass walls, infinity pool, private gym, media room
Rather than showcasing luxury, John Abraham's 4,000-square-foot Villa In The Sky captivates with its elegant architectural contours and spacious interiors. The subtle yet refined decor suggests a character that prefers functionality, privacy, and tranquillity instead of ostentatious extravagance.
NPS investment in startups: AINPSEF writes to PM Modi seeking probe and asks for dissolution of NPS Trust
Manjeet Singh Patel has alleged serious financial irregularities concerning the National Pension System Trust. He has requested a high-level audit by the Comptroller and Auditor General of India. Patel asserts that many employees' NPS investments have turned negative due to poor market performance. He demands the implementation of a guaranteed minimum return on employee contributions.
ET Prime Special Series: Multibagger or IBC - Part 80: This auto ancillary has assets and cash to expand. Can it find demand?
Eighty instalments into our weekly auto ancillary series, one thing is clear: The investment story of a component maker cannot always be understood from its products alone. Ownership changes, capital allocation, customer relationships, and financial history can be equally important. This week's business illustrates that complexity. Part 80 examines how different forces come together, and what they could mean for a manufacturer whose future may look quite different from its past.
Inflation is up again; should you invest in FDs now or wait for interest rates to rise further? Check what a 1% hike means for your Rs 2 lakh FD
FD rate hike: In September 2026, retail inflation soared to 5.54%, sparking opinions about the possibility of interest rate hikes on fixed deposits. Analysts predict that the Reserve Bank of India may persist in raising the repo rate to combat persistent inflation. Investors must decide whether to invest now or postpone for possibly better FD rates.
Crude oil crisis in Hormuz: Much more than just price and quantity
The conflict in Iran has closed the Strait of Hormuz, severely impacting global oil shipments and market dynamics. While oil availability has seemingly increased, a logistics premium affects shipping costs and insurance. This situation has led to heightened risks, causing delays in transit times and increased tanker requirements. Diesel shortages are also rising, with prices escalating significantly as supply chains are disrupted.
Rs 1 lakh crore is chasing small & midcaps, but largecaps have the valuation. Where are India’s next multibaggers hiding?
This year, over Rs 1 lakh crore has been funneled into small and midcap funds, reflecting a surge in investor enthusiasm. While smallcaps have recently taken the lead over largecaps, the latter are drawing attention due to attractive valuations. As growth expectations for largecaps are evening out, it indicates a possible shift in investment returns.
India has gone from half-full to half-empty. That's excessive: Vincent Mortier, Group CIO, Amundi
Vincent Mortier, the chief investment officer of Amundi, reflects on the current state of Indian equities. He believes the recent decline in the market is a temporary issue related to negative narratives. Mortier identifies several potential catalysts for investment in India, including geopolitical resolutions and currency stabilization. He also discusses the intricate capital gains tax system affecting foreign investors' participation.
Parliamentary panel indicts NTA; hope 'arrogant' Modi govt takes it seriously: Congress
Congress raised serious issues regarding the National Testing Agency, including malpractice and incompetence. A recent Parliamentary Standing Committee report outlines claims of paper leaks since 2017, contradicting official statements. The NTA's structure lacks accountability, as it heavily relies on private contractors for examinations. Additionally, the agency has earned significant revenue but failed to invest in improving examination infrastructure.
Rohit Shetty lives in a 10-storey mansion in Juhu, Mumbai, priced Rs 80,000 per sq ft: First four floors house only his cars. Home features huge gym, home theatre, green terrace
Rohit Shetty, one of Bollywood’s most bankable directors with hits such as Golmaal, Singham, Chennai Express to his name, enjoys a lavish life offscreen. The director lives in a massive 10-storey building named Shetty Tower in Juhu. A car enthusiast, the director has a massive luxury car collection that can make any four-wheeler lover go green with envy!
You can lose money for strange reasons like knowledge and sense of control: 5 ways how Dunning-Kruger effect helps in managing your personal finance
Knowing about asset allocation and diversification is not the same as knowing what will work in one’s case. That is because one lacks real world experience and expertise that the professional may have in that area. Also, there are convictions, conditioning and behavioural biases that an individual may labour under. The illusion of knowledge may offer false confidence.
ET Prime Special Series: Multibagger or Bankruptcy? Part 79: 5 years changed the size of this auto supplier. Will it pass the quality test?
The most striking number in this story is not a margin or a market-share target. It is a measure of scale. Revenue in the latest quarter was almost the same as full-year sales in FY21 and higher than the entire FY20 top line. It also argues that its current heavy-vehicle exposure is not under an immediate EV threat. For investors, the story is shifting from whether the company can grow to whether the additional capital can generate better returns.
Diwali gifting gets pricier as pistachio, almond rates surge on US-Iran war, higher freight and weak rupee
Prices for nuts and dry fruits have increased significantly this festive season due to supply issues. Sourcing challenges from key suppliers like Iran and Afghanistan have caused price surges. Additionally, rising freight costs and a weaker rupee have further impacted import charges for these products. Festive demand is expected to maintain upward pressure on prices in the coming weeks.
Hidden cost of travel: Visa fees, card markups, optional tours and tips that can add 25-40% to budget; here's how to plan for them
Many travelers fail to account for hidden costs while planning international journeys, often only considering major expenses. These overlooked charges can hike trip costs by 25-40%, creating budget overruns. It's vital to include local transport, dining, and extra fees in your budget to avoid unexpected financial surprises. Employing effective budgeting techniques ensures a smoother and more enjoyable experience abroad.
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