PRINCIPAL EMERGING BLUECHIP FUND GROWTH
Rajnath Singh calls for stronger defensive capabilities to maintain 'element of surprise' in future warfare; launches UDAAN-developed AI applications
Defence Minister Rajnath Singh called on the armed forces to strengthen offensive and defensive capabilities in modern warfare. He highlighted the need for improved integration and intelligence mechanisms to counter unexpected threats. The Defence Minister urged the Indian Air Force to develop doctrines for evolving warfare domains, including cyber and space. He launched in-house developed Artificial Intelligence applications to enhance operational capabilities across various domains.
80% of demand for tokenised assets come from emerging markets, says Binance’s SB Seker
Tokenised assets are finding their strongest foothold in emerging markets, where high entry costs and limited access have long kept global investment products out of reach for ordinary investors. About 80% of demand for tokenised US equities and other instruments comes from emerging markets, according to SB Seker, head of Asia Pacific at Binance.
Can I withdraw my EPF to repay home loan principal; will I have to pay tax on it?
ET Wealth Reader's Query: Can I withdraw my Provident Fund to repay my home loan principal? Will I have to pay taxes on PF withdrawal? How long can I retain the money in my EPF account and continue earning interest—up to three years from the date of my last contribution or until I turn 58?
Amish Shah, Pia Dandiya join centrist New Democratic Coalition
Amish Shah and Pia Dandiya have recently joined the New Democrat Coalition, increasing its membership to 142. The New Democrat Coalition, which is the largest ideological group in the Democratic Party, welcomed 40 new members this week. Shah is a physician with roots in Gujarat, while Dandiya has a background in education and policy leadership.
Hindalco bets on value-added products for earnings growth, stock re-rating
Hindalco reported record revenue and profit in the latest quarter amid increasing metal prices and improved Novelis performance. The company anticipates muted growth due to declining aluminium prices and elevated input costs. It has initiated significant investments in capacity expansion and enhancing value-added products. Novelis expects to transition towards increased earnings and cost savings in the coming years. Hindalco's strategic moves aim to fortify its position in the aluminium market.
Equity mutual fund inflows fall 14% in October as investors trim smallcap exposure
Inflows into equity mutual fund schemes fell by 14% in October, reflecting a trend of reduced investor allocations. Although smallcap funds saw decreasing inflows, large and midcap funds experienced significant increases in investments. Systematic investment plan contributions also declined slightly, while the stoppage ratio rose notably during the same period. In contrast, debt mutual funds attracted substantial inflows after previous outflows, with liquid funds leading this rebound.
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Warburg Pincus leads race to buy stake in Pricol unit valued at ₹5,000 crore
Warburg Pincus is currently in discussions to acquire a 10-20% minority stake in Pricol's demerged unit. This unit specializes in creating digital dashboards and instrument clusters, which are crucial for two-wheelers. The initiative could see a valuation of approximately ₹5,000 crore based on recent evaluations. Pricol's promoter and his family remain committed to retaining their stake in the existing company.

Why China needs to look within
China's trade surplus should start stabilising next year over restrictions and plateauing AI investment. Beijing will have to double down on stimulating domestic consumption to take up the slack from an eventual export slowdown. It has the fiscal firepower to provide consumers income support they need to counteract savings lost in the property market.

Qcomm’s Diwali boost; Energy startups attract funds
Happy Wednesday! Quick commerce powered a strong festive season for D2C brands. This and more in today’s ETtech Morning Dispatch.

Smallcap mutual fund inflows drop 29% MoM to Rs 6,407 crore in October. Should investors be cautious or continue investing?
Smallcap mutual fund inflows declined 29% month-on-month to Rs 6,407 crore in October, amid market corrections and elevated valuations. However, experts say continued inflows reflect investor confidence in the segment's long-term growth prospects.

Large and midcap fund inflows nearly double to Rs 8,484 crore in October. Do these funds deserve a place in your portfolio?
Inflows into large- and midcap mutual funds nearly doubled month-on-month to Rs 8,484 crore in October, emerging as a preferred investment category. The surge reflects growing investor appetite for funds that balance largecap stability with midcap growth potential, even as market volatility prompts investors to reassess risk and diversify their equity portfolios.

Pharma & healthcare funds top mutual fund return charts with over 19% gains. Should investors invest now or wait for a correction?
Pharma and healthcare mutual funds have topped return charts in 2026 with over 19% gains. While strong sector growth supports the outlook, experts caution against chasing the rally and advise investors to assess valuations, risks and portfolio exposure.

CCI clears Advent International's Rs 3,150 crore investment in Yatharth Hospital
Advent International has officially secured the green light from the Competition Commission of India to channel an impressive Rs 3,150 crore into Yatharth Hospitals through its affiliate, Rasmalai Limited. Post-investment, Advent will own a 24.9 percent minority stake in the healthcare entity, which is poised to leverage this financial boost for its expansion efforts and enhancing its healthcare network amidst a backdrop of thriving operational revenues and profit growth.

A blue brake on Trump's red agenda: Tariffs, spending and debt face a 'Democratic' reckoning in the US
Democratic control of Congress from January 2027 could constrain President Donald Trump's legislative agenda, increase scrutiny of his tariff policies and complicate fiscal decisions, Fitch's BMI said. While Trump retains executive powers over trade and immigration, prolonged funding negotiations and a potential debt-limit confrontation could raise financial market volatility.

ET Wealth Expo | Private credit is filling the funding gap as India's growth story gathers pace: Ashish Mehrotra
Speaking on the sidelines of ET Wealth Expo 2026, Ashish Mehrotra, MD & CEO of Northern Arc Capital, said India's strong economic growth, supported by robust credit expansion, is creating a favourable environment for the private credit market.

ETMarkets Fund Guide | Managing over Rs 8,000 crore: How Bajaj AMC's Sorbh Gupta picks winners in the Flexi Cap universe
In this edition of ETMarkets Fund Guide, Sorbh Gupta, Head – Equity at Bajaj Asset Management, who manages over Rs 8,000 crore through the Bajaj Finserv Flexi Cap Fund, shares his approach to picking the right stocks across large, mid and small caps.

ETMarkets Management Talk | Northern Arc sees D2C lending contributing over 75% of its loan book in the next few years
In this edition of ETMarkets Management Talk, Ashish Mehrotra, Managing Director and CEO of Northern Arc Capital, discusses the company's next phase of growth, its plans to expand the D2C business, and how a higher share of direct lending could support margins and return ratios. He also explains Northern Arc's broader strategy of combining a growing balance-sheet-led lending business with a capital-light, fee-based Credit Solutions platform to drive sustainable long-term returns.

You have an emergency fund and investments, but are you financially mature? CA explains 4 stages of money management
CA Nitin Kaushik explains four stages of financial maturity, from spending money to impress others and building financial security to investing for freedom and learning to enjoy accumulated wealth. He highlights why people who spend decades saving and investing often struggle to spend their own money without guilt, and why knowing how to use wealth is just as important as building it.

ET Wealth Expo: The next wealth wave? Alternatives could grow 20-25% as investors seek diversification, says A. Balasubramanian
Speaking at the ET Wealth Expo 2026, Balasubramanian said mutual funds should continue to form the core of an investor's portfolio, while alternative investments can play a satellite role in potentially enhancing returns and broadening diversification.

IT firms with lower capital requirements may gain as investors shift focus to AI monetisation: Report
Information technology (IT) companies capable of monetising enterprise adoption of artificial intelligence (AI) without making substantial capital investments could gain an advantage as investors increasingly differentiate between businesses funding AI infrastructure and those generating returns from its adoption, according to a report by Anand Rathi.

Jubilant FoodWorks' delivery growth lifts Domino's India; Popeyes emerges as second growth engine
Jubilant FoodWorks experienced significant growth in its delivery business, led by a strong performance from Domino's Pizza. Revenue from Domino's increased by 9.2% year-on-year, driven by a rise in orders and delivery growth. Meanwhile, Popeyes reported a remarkable 122% year-on-year revenue increase and achieved consistent growth above 40%. The company demonstrated effective cost management strategies and enhanced its operational efficiency across its restaurant network.

HSBC India arm leases 1.2 lakh sq ft office space in Bengaluru
HSBC's India division has secured a long-term sub-lease for more than 120,000 square feet of office space. This transaction is located in the commercial tower Ecospace Campus 1C on Outer Ring Road, Bengaluru. The lease includes a financial commitment of approximately Rs 191.84 crore over an initial five years. Following the lease terms, there is an option for a five-year extension at the same rate.

Scripbox shareholders approve conversion into public company ahead of IPO
At an extraordinary general meeting on October 19, shareholders approved the change of the Accel-backed startup's name from Scripbox Wealth Managers Private Limited to Scripbox Wealth Managers Limited, along with amendments to its constitutional documents, according to regulatory filings reviewed by ET.

ETtech Explainer: How House of Nykaa is emerging as a growth and margin driver
On Wednesday, Nykaa announced plans to acquire an 82% stake in Simply Nam for up to Rs 33 crore, bringing the brand into its House of Nykaa portfolio as it looks to tap into consumer segments beyond its core marketplace business.

When Stocks Dampen Festive Cheer, Can Bonds Keep the Celebrations Going?
Investors in India are navigating a challenging landscape as the equity markets descend into significant losses. Selling off assets at this juncture could incur financial damage, yet deferring such decisions may hinder urgent expenses. By maintaining fixed-income portfolios, investors can secure consistent cash flow to address short-term needs. To enhance portfolio resilience, diversifying between stocks and bonds becomes vital for achieving growth while safeguarding capital for future endeavors.

Technology funds top October returns with gains of up to 10%. Is it the right time to invest?
Technology mutual funds topped October returns, with the nine best-performing schemes delivering gains of up to 9.78%, an ETMutualFunds analysis showed. HDFC Technology Fund led the chart, followed by Kotak Technology Fund and Tata Digital India Fund. Of the nearly 626 funds analysed, all nine top performers belonged to the technology sector, reflecting a strong monthly recovery in the segment.
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