PRIVATE SECTOR EMPLOYEES
EPS-95 higher pension: Pensioners’ body appeals to President as retirees struggle to get higher pension
The National Confederation of Pensioners’ Associations has requested intervention from President Droupadi Murmu regarding higher EPS pension issues. They demand the withdrawal of a problematic EPFO circular that affects eligibility for pensions based on internal trust rules. In addition, they seek to halt unnecessary litigation and ensure uniform treatment for all retirees. The NCPA calls for waiving punitive interest related to administrative delays on pension claims.
Charting the global economy: Euro area business activity cools
The euro area’s private sector slowed more than expected in October, weighed down by France as the region’s No. 2 economy grapples with fiscal and political tensions.
Tourism is the sector the market writes off in a downturn. Is it indicating something else? 7 stocks with upside potential of up to 27%
For years the street has believed that when the economy slows, tourism and hotels are the first to feel it. The logic: A hotel stay is not like food, medicine, electricity, or school fees. It gets cut when money is tight. But a change is visible. Stock Reports Plus, powered by Refinitiv, is a comprehensive report that evaluates five key components of 4,000+ listed stocks – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. The simple average of the above-mentioned five component ratings is normally distributed to reach an average score.
Higher EPS pension: Pensioners seek PM Modi’s intervention over EPFO's stance on higher pension cases
EPS pension: In a recent letter to Prime Minister Modi, the National Confederation of Pensioner Associations highlighted critical issues within the Employees' Pension Scheme. They contest the ongoing discriminatory practices by the Employees' Provident Fund Organisation regarding higher pension claims. The pensioners argue that the internal regulations should not be allowed to supersede existing parliamentary legislation.
EPS-95: Private sector employees win higher pension case in Bombay High Court despite PF Trust wage ceiling limit cap; know why
EPS-95: Private sector employees wins case for higher pension as Bombay HC rules higher pension can be given even if PF trust rules capped the contributions at statutory wage ceiling limit
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Gurgaon electricity cut today: Check power outage areas, timings and other latest updates about strike
Gurugram electricity cut updates: Gurgaon power cuts continue amid a three-day strike by Haryana electricity employees over a private electricity distribution licence. Check affected areas, expected restoration timings, strike details and DHBVN complaint helpline numbers.
No additional EPS contribution by government on higher wage ceiling of Rs 25,000; know what it means for your pension
EPS pension: In a recent notification, the central government confirmed that the Employees' Pension Scheme contribution will remain at the current cap of Rs 15,000, despite announcing a new wage ceiling of Rs 25,000. This choice reflects findings from earlier actuarial evaluations pointing to a potential funding shortfall. Additionally, the government has promised supplementary budgetary support to ensure current pension payouts, although sustainability concerns have been voiced in Parliament.
Australian agency mulled firing KPMG over data-handling rule breach, documents show
KPMG Australia breached its contract with Services Australia by transferring sensitive material outside the secure government environment, prompting consideration of termination of their engagement. Although no data breach occurred, Services Australia has not awarded new audit work to KPMG since the incident, which raised significant concerns about the firm's trustworthiness and compliance with data protocols.
Zetwerk Manufacturing shares list at 5% premium over IPO price
The Rs 5,012.33 crore IPO comprises a fresh issue of shares worth Rs 2,830 crore and an offer for sale (OFS) of 14.45 crore shares worth approximately Rs 2,182 crore. While the proceeds from the fresh issue will go to the company, the OFS proceeds will accrue to the selling shareholders.
AI is rewriting the rules of investment for India's big-ticket players
Private equity investors in India are integrating artificial intelligence into their investment analysis and strategies. AI is being utilized to assess how it will impact revenues and competitive positions of companies. Investors are now focusing on AI capabilities and their potential to create value in various sectors. Additionally, AI is influencing negotiations by uncovering weaknesses quickly and enabling better assessments of business strength.
Core4 Engineers SME IPO opens today: Check price band and other key details
Core4 Engineers’ Rs 54.82 crore SME IPO opens on October 23, 2026, and closes on October 27. Priced at Rs 88–93 per share, proceeds will fund working capital, facility acquisition, and corporate purposes. The company reported FY26 revenue of Rs 92 crore and profit of Rs 2 crore, reflecting strong annual growth.
Retired employee gets income tax notice over Rs 9.29 lakh leave encashment; ITAT Jaipur cancels it and gives him full tax exemption, here's why
Mr. Gupta, a former employee of the State Bank of India, found himself facing an income tax notice concerning Rs 9.29 lakh in leave encashment. Unfamiliar with tax exemption limits at his retirement, he was initially distressed. However, the ITAT Jaipur later favored him, applying a vital Rs 25 lakh tax exemption for leave encashment retroactively.
Retired bank employee claims tax exemption on Rs 9.53 lakh leave encashment, faces income tax notice and wins full relief at ITAT Jaipur
After retiring from the State Bank of India, Chhaju found himself facing a tax exemption cap of Rs 3 lakh on his leave encashment totaling Rs 9.53 lakh. Determined to secure his rightful benefits, he appealed to the ITAT Jaipur, which sided with him and extended full tax exemption. The tribunal admired prior cases that upheld similar claims from fellow retirees, proving advantageous for Chhaju.
Gurugram homes, industries hit by outages as power workers protest privatisation
Electricity supply disruptions across Gurugram on Thursday affected homes and industrial units as power sector employees protested against a proposed 25-year distribution licence for private firm Eleven Power. The unions have warned that the move could threaten jobs, increase costs for consumers and weaken the position of state-run DHBVN.
HDFC Bank begins probe into alleged internal data leak
HDFC Bank is currently investigating potential leaks of confidential information to social media and other outsiders. This internal review aims to assess compliance with the bank's code of conduct and governance standards. The investigation specifically examines communications involving senior management and other sensitive issues. HDFC Bank confirmed the review process after allegations arose regarding two senior executives' involvement.
Challenges ahead for Fairfax's management of IDBI Bank post ₹52,878 crore stake deal approval
Fairfax Financial's subsidiary has acquired a 60.7% stake in IDBI Bank for ₹52,878 crore, leading to potential operational changes. The new management faces challenges such as employee resistance and asset quality improvement. Despite having a higher profitability compared to peers, IDBI Bank's gross non-performing asset ratio remains concerning. The bank's success will rely on its ability to enhance asset quality while maintaining earnings growth.
Finance Ministry clarifies on legislative developments concerning govt's IDBI Bank stake
The Finance Ministry clarified the legislative developments regarding IDBI Bank's government stake in 2003. An amendment to restrict the dilution of the government's ownership was proposed but ultimately rejected during parliamentary discussions. The ministry highlighted that this issue was previously examined by the Delhi High Court. This examination took place in the case of All India IDBI Officers' Association v. Union of India & Others.
Teachers of aided/unaided private bodies can be appointed for Census duties: Registrar General of India
The Census Rules of 1990 have been amended by the Centre to allow private teachers as enumerators. This amendment follows a legal challenge regarding the use of private school staff for this duty. The 2027 Census will occur in two phases, with a substantial budget approved for its execution. Enumeration in certain states will begin from December 1, 2026, due to upcoming elections.
Retired employee received income tax notice for Rs 9.04 lakh leave encashment; she wins case in ITAT Jaipur, know how leave encashment is taxed
Retired employee sent income tax notice for Rs 9.04 lakh leave encashment, she wins case in ITAT Jaipur; Know how leave encashment is taxed for private and government employees in India.
Zetwerk Manufacturing Business IPO Day 2: GMP at 9%; Check subscription status, and key details
Zetwerk Manufacturing Business’ IPO entered its second day of bidding on October 16 after garnering 23% subscription on Day 1. The retail category was subscribed 22%. The IPO’s grey market premium stood at 9%, suggesting potential listing gains, though GMP is unofficial and does not guarantee listing performance.
Fairfax must merge CSB or exit one bank within 2 years: DIPAM Secy Arunish Chawla
The Cabinet Committee on Economic Affairs has approved Fairfax Financial Holdings' acquisition of a majority stake in IDBI Bank. The next steps include obtaining necessary regulatory clearance from the Reserve Bank of India. Employee service conditions and pensions will be protected under the new ownership. Future strategic restructuring plans for public enterprises are also in progress. Additional asset monetisation initiatives involving infrastructure are being developed for efficient capital use.
Zetwerk's Rs 5,012 crore IPO opens for subscription; GMP signals 15% listing gain, check details
The Rs 5,012.33-crore IPO comprises a fresh issue of shares worth Rs 2,830 crore and an offer for sale (OFS) of 14.45 crore shares valued at approximately Rs 2,182 crore.
A $6 bn deal signals major appetite for the India prize as global giants look to deepen exposure
The sale of a controlling stake in IDBI Bank for around $6 billion is being viewed a pivotal moment in India's banking reform journey. The transaction received attention from a variety of global investors, highlighting their confidence in the nation's financial ecosystem. Experts predict this move may open doors to increased deal-making opportunities in the future.
Cabinet clears way for Watsa's Fairfax's Rs 52,878 crore deal for 60.72% stake in IDBI Bank
Fairfax Financial Holdings will acquire a majority stake of 60.72% in IDBI Bank for ₹52,878 crore. This acquisition marks a significant moment in the government's divestment efforts, as it represents strategic restructuring. The deal aims to strengthen the banking ecosystem and support the government's disinvestment target for the fiscal year. IDBI Bank's financial position has improved significantly, with reduced non-performing assets.
Bank of America consumer retail M&A banker Peacock to leave, sources say
Richard Peacock, a veteran banker in consumer and retail M&A, is leaving Bank of America. He has been with the bank for over a decade. Earlier this year, he was named co-head of a new private capital M&A group. His departure follows that of Andrew Conway, who left for Citi's investment banking chair. Bank of America declined to comment on Peacock's exit from the firm.
Cabinet approves Rs 52,878 crore IDBI Bank sale to Fairfax arm in India’s largest financial-sector FDI
The Cabinet Committee on Economic Affairs has approved the strategic sale of IDBI Bank to a Fairfax Group arm, Union Minister Ashwini Vaishnaw said. The government and Life Insurance Corporation of India will retain a combined 34% stake in the restructured entity. Vaishnaw called it India’s largest financial-sector FDI.
Bahrain’s 90-day temporary work rule explained: What Indian expats need to know
Bahrain has introduced changes to its work permit framework to allow temporary assignments for foreign workers. These assignments can now last up to 90 days under certain conditions set by the Labour Market Regulatory Authority. Both the existing and receiving employers must agree to the temporary arrangement, and the employee must hold a valid work permit. The reforms aim to address short-term staffing needs while maintaining Bahrainisation policies.
The ET Startup Awards 2026 special
Happy Monday! The Economic Times Startup Awards (ETSA) 2026 ceremony brought together the country’s top founders, investors, and policymakers in Bengaluru for a Friday evening of sharp insights and spirited conversations.
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