A new EY India report highlights how young professionals, women wealth creators, entrepreneurs, ESOP beneficiaries, and digitally active consumers from Tier-2 and Tier-3 cities are fundamentally changing India's wealth ecosystem. This shift is evidenced by increased participation of young and women investors, a rise in disciplined investing via SIPs, and the crucial role of Digital Public Infrastructure in democratizing access to long-term wealth creation. The report predicts over 100 million new investors by 2035.
The Congress party has strongly refuted claims by Parliamentary Standing Committee on Finance Chairperson Bhartruhari Mahtab that opposition MPs supported levying a Merchant Discount Rate (MDR) on UPI transactions. Congress MP Manish Tewari termed Mahtab's remarks "erroneous and fallacious," clarifying that the committee's recommendation was to "explore" revenue models, not to implement MDR. The party accused Mahtab of misleading due to his recent switch to the BJP.
...and 3 lakh for harassment.
'Borrowers may stop EMIs if the loan or tripartite agreement expressly permits suspension, including where disbursements or repayments are linked to specified construction milestones.'
PhonePe has announced a significant expansion plan to deepen digital payment infrastructure across India's towns and villages. This initiative includes hiring over 20,000 sales personnel and deploying more than 50 lakh payment devices, with a strong focus on rural areas, aiming to bring small merchants into the formal financial ecosystem.
Buyers need to assess whether an OPD policy offers them enough usable benefits to justify the additional premium.
IndiGo and Air India Group will progressively shift flights from Mumbai's Chhatrapati Shivaji Maharaj International Airport (CSMIA) to the newly built Navi Mumbai International Airport (NMIA) starting from December. This phased transition, expected to complete by the 2027 summer aviation season, aims to ease capacity constraints at CSMIA, facilitate its Terminal 1 redevelopment, and establish a dual-airport system for Mumbai, enhancing connectivity and future growth.
The finance ministry has announced that all banks, including Regional Rural Banks, will remain open on Sunday, September 27, 2026, to ensure public convenience amidst a proposed three-day strike by the United Forum of Bank Unions (UFBU) starting September 28, 2026. The strike, if it materialises, seeks a 5-day banking week and pension reforms.
Most of the companies AI models and AI agents targeted had no idea their networks had been breached.
Infosys CEO Salil Parekh stated on Tuesday that the company's AI services, currently contributing over 8% of revenue, are growing rapidly and could account for almost half of its work within two to three years. He highlighted the strong demand for AI services, the company's hiring and training efforts for graduates in AI, and discussed potential risks like infrastructure challenges and societal backlash.
Jio Platforms' initial public offering has shattered global records by receiving over one crore applications, underscoring immense investor confidence in the company's ambitious plans for technology, AI, and cloud services, with the IPO subscribed almost seven times overall.
A sharp price fall alone does not justify averaging down.
India's largest bank, SBI, is investigating the suspected exposure of 3,897 customer records containing personally identifiable information on the dark web. The bank received alerts on October 16 and has initiated cyber incident response protocols, engaging an independent cybersecurity agency. While a detailed assessment is underway, SBI states the incident has not materially impacted its core business operations. This comes as CERT-In also warned last week about autonomous AI agents accessing confidential data and reported a compromise of eMudhra's private keys.
Fintech platform Decentro has received final approval for a Payment Service Provider (PSP) licence from the IFSCA at GIFT City, enhancing its cross-border payment capabilities.
Engagement with neighbours has gathered pace, particularly as the conflict in West Asia has exposed their vulnerability to energy supply disruptions.
A Kolkata-based lottery firm, Tiger Associates, donated Rs 260 crore to Tamil Nadu's DMK and AIADMK in 2025-26, significantly increasing its contributions from the previous financial year. The firm accounted for nearly 74% of the combined contributions reported by the two parties, highlighting a concentration of political funding. The disclosures also revealed contributions from electoral trusts and a link between Tiger Associates' partner and lottery magnate Santiago Martin, whose other firm was a major electoral bond purchaser.
A new HCLTech study reveals that 84% of global wealth management firms recognise the need to redesign their operating models for AI, yet less than 10% are prepared for the transition. The report identifies "blind spots" in ambition, execution, and strategy, hindering effective AI implementation and measurable business outcomes.
Jio Platforms Ltd's Rs 30,213-crore initial public offering was subscribed 3.01 times, attracting approximately Rs 66,500 crore in public bids, with qualified institutional buyers oversubscribing their portion by 9.02 times, while retail investor demand remained under-subscribed at 0.68 times.
'Read the prospectus as a capital allocator deciding whether the business deserves your capital at the offered price.'
Queen Maxima of the Netherlands, the UN Secretary-General's Special Advocate for Financial Health, visited Mumbai to understand India's digital public infrastructure, including UPI and AI, in improving financial health for salaried individuals. She interacted with healthcare professionals and SalarySe leaders, praising India's advancements in financial inclusion and technology's role in empowering individuals.
Bank of Baroda has launched 'bob World 2.0', an AI-powered mobile banking app featuring voice-command capabilities for payments and navigation. The updated app also includes a personal finance management module and a persona-based customer experience, aiming to offer intuitive, secure, and personalised banking services.
Multiple borrowings and weak cash flows are causing repayment delays among gold loan borrowers.
France is preparing for fresh demonstrations on October 24 with a "massive" police deployment and extended curfews, following days of violent unrest. The protests, initially sparked by school conditions, have broadened into a nationwide campaign against rising living costs and declining public services, leading to over 2,500 arrests and significant damage.
RBI Deputy Governor Rohit Jain highlighted that banks are well-positioned to deploy $133 billion mobilised through FCNR(B) deposits, especially with strong credit demand ahead of the festival season, while also stressing the importance of robust technology governance and cyber defences in the financial sector.
The Indian government has approved the sale of a 60.72 per cent stake in IDBI Bank Ltd to Canadian billionaire Prem Watsa's Fairfax Financial Holdings Ltd for approximately 52,878 crore, a move that reflects improving India-Canada ties and marks a significant turning point for the bank.
The Enforcement Directorate has attached assets worth over Rs 23 crore in an ongoing money laundering investigation related to an alleged online betting network. The assets belong to Karnataka Congress MLA K C Veerendra, Gulshan Khattar, and Neha Tandon. Veerendra, arrested in August 2025, is considered the prime accused in the case, which stems from FIRs across multiple states concerning illegal online betting platforms like King567.
Odisha's Director General of Prisons, Susanta Kumar Nath, has been booked for alleged sexual harassment of a subordinate staff member and subsequently transferred to an inconsequential post. A case was registered against Nath and a friend, Kudleep Rath, based on a complaint by a jailor who alleged unwelcome messages and invitations, followed by retaliatory actions including false implication in a prisoner escape case and suspension. The matter has also drawn the attention of a Parliamentary Standing Committee.
Unlimited health insurance plans offer a financial cushion against mounting medical bills, but buyers must look beyond the coverage amount and understand the fine print, including exclusions, waiting periods, and co-payments, before committing to the high premiums.
Mukesh Ambani fought back tears as his three children, Akash, Isha, and Anant Ambani, took the stage at the stock market listing of Jio Platforms Ltd, marking an emotional moment that signals the next generation's readiness to lead one of India's largest corporate empires.
Odisha's Director General of Prisons, Susanta Kumar Nath, has been booked for alleged sexual harassment of a subordinate jailor and subsequently transferred. The complaint details unwelcome messages, dinner invitations, and alleged retaliation after rejection, including implication in a prisoner escape case. A friend of Nath was also booked in the same case.
HDFC Bank reported a 5.55 per cent increase in consolidated net profit to Rs 20,700 crore for the September quarter, with incoming MD and CEO Anup Bagchi indicating a focus on strengthening the balance sheet and addressing retail vertical concerns post-merger.
'The Rs 35,000 crore of capex every year, I don't get to sign 35 paise out of this.'
More important than the offer is whether the developer can deliver the home as promised.
Around 40 pilots of SpiceJet's Q400 aircraft fleet refused to fly till the airline cleared their salary dues, a stance that has been supported by pilots' grouping ALPA India, according to sources.
'Reliance has had a very, very strong history of shareholder value and growth, and that's what we need to focus on the further journey from the IPO.'
The Indian government has challenged Congress leader Rahul Gandhi's criticism of levying fees on UPI payments above Rs 2,000 to merchants. The government highlighted that a parliamentary standing committee, which included Congress MPs, had previously backed a tiered Merchant Discount Rate (MDR) framework for UPI. This move aims to ensure the financial sustainability of the UPI ecosystem and reduce its dependence on government subsidies, a concern raised by the committee due to the significant funding gap between allocations and operational costs.
Penguin India has announced the English translation of "Tukaram," a Marathi biography of Maharashtra FDA Commissioner Tukaram Mundhe. The book, originally by Shafi Pathan and translated by Vikrant Pande, details Mundhe's life from a challenging childhood to his impactful civil service career, known for his strict enforcement of food safety regulations.
Jio Financial Services and Munich-based Allianz Group have signed a binding agreement to establish a 50:50 joint venture for general and health insurance in India, building on an earlier reinsurance partnership.
Finance Minister Nirmala Sitharaman urged PSBs to become 'cool' and shed their 'government bank' image to attract young customers.
Punjab's Finance, Excise and Taxation Minister Harpal Singh Cheema announced the unearthing of a Rs 429.30 crore GST fraud, leading to an FIR in Ludhiana. The investigation, initiated after intercepting a vehicle on September 30, revealed a syndicate of 62 interconnected firms across multiple states using non-genuine documents to evade taxes.
