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Business news and analysis covering markets, companies, the economy and personal finance, updated daily.
October Bank Holidays: 14 Days Banks Stay Shut
October bank holidays: banks shut 14 days including Dussehra on Oct 20 and Durga Puja closures. Check the full RBI state-wise list before visiting.
Tech Rout Eases as US Markets Rally Despite Hot Inflation
Tech rout pressure eased in Western markets Thursday as US stocks rallied despite hot producer inflation, though Asia's AI selloff accelerated overnight.
Offshore Trusts: China’s Rich Race the Tax Deadline
Offshore trusts are being unwound by China's rich ahead of the October 22 deadline, with a 20% tax on overseas income forcing a scramble to raise cash.
Producer Prices Jump Most Since 2022 as Energy Pain Grows
Producer prices surged 1.3% in September, the fastest pace since March 2022, as record energy costs reverberated through the US economy ahead of midterms.
Mortgage Rates Hold at 7.4%, Highest in Nearly 3 Years
Mortgage rates held at 7.4% this week, ending seven straight weekly increases but keeping US home-loan costs at their highest level since November 2023.
Fed Rate Path: Warsh Sees Tailwinds, Stays Mum on Hikes
Fed rate path uncertainty grows as Chair Kevin Warsh cites 'plenty of tailwinds' from the US investment boom while refusing to signal October hike plans.
SEBI CAS: closing auction timings revised from Dec 7
SEBI CAS: the closing auction will run 3.30-3.40 pm from December 7 with new order rules; the 30-minute VWAP stays for expiry-day settlement.
Karur Vysya Bank Q2: net profit soars 37% to Rs 788 crore
Karur Vysya Bank Q2: net profit soared 37.3% to Rs 788 crore on strong NII growth, improving margins and benign asset quality. Key numbers inside.
Tata passenger vehicles grow 35% in year after demerger
Tata passenger vehicles grew 35% to 7.44 lakh units in the first year after the demerger, lifting market share to 14.1% and second place in India.
India-US trade deal: first phase nearly done, says Goyal
India-US trade deal: the first phase is in final legal drafting, Piyush Goyal said, but India will sign only if exporters get an edge over rival economies.