BUSINESS
Kotak Mahindra AMC launches Kotak Gold Silver Passive FoF: A festive season pick for smart investors
The scheme opens for public subscription on 6th October, 2025 and closes on 20th October, 2025. Investors can invest a minimum amount of Rs 100 and any amount thereafter.
BUSINESS
Bank holidays from 6-11 October: Banks to remain closed on THESE days this week; check full schedule
According to RBI Holiday calendar, bank holidays are marked under Negotiable Instruments Act, ie these holidays can vary from region to region.
BUSINESS
From gold loans to EMIs: RBI’s fresh rules every borrower must know from Oct 1
In an official statement on Monday, the RBI stated, "RBI has today issued seven Directions/Circulars, proposing to amend some of the extant Directions/Circulars applicable to banks and other regulated entities".
BUSINESS
Investor relief: RBI hikes loan limit against shares to Rs 1 crore, IPO financing to Rs 25 lakh
Governor Sanjay Malhotra announced that the repo rate remains unchanged at 5.5% and said the regulatory ceiling on lending against listed debt securities will be removed, making it easier for investors to access credit.
BUSINESS
Bank holidays in October 2025: Check out state-wise list of festival closures across India here
BUSINESS
Tata AIG insurance suspends cashless claim settlement at Max Hospitals
Tata AIG insurance has become the third insurer to suspend cashless claim services with Max Hospitals
BUSINESS
Interior decorator loses Rs 97 lakh in Thane: How to avoid falling prey to loan scams
The 45-year-old victim, a resident of Badlapur area of Maharashtra's Thane district, was promised a business loan of Rs 2.75 crore from funds under the Corporate Social Responsibility (CSR).
BUSINESS
SBI Mutual Fund launches Magnum Hybrid Long Short Fund under new SIF framework
The Magnum Hybrid Long-Short Fund allows daily subscriptions, while redemptions are available twice a week (Mondays and Thursdays). The minimum application amount is ₹10 lakh, with a minimum additional purchase amount of ₹10,000.
BUSINESS
UPI goes live in Qatar: From duty-free to tourist hotspots, UPI payments now accepted in Qatar
The move is expected to benefit Qatar's retail and tourism sectors as UPI acceptance will increase transaction volumes of merchants acquired by QNB.
BUSINESS
IDBI bank extends Utsav FD, revises interest rates: Seniors can earn up to 7.30%
The bank has also rolled out exclusive “Chiranjeevi FDs” for super senior citizens aged 80 and above, with returns going up to 7.30%. The revised rates are effective from September 19, 2025.
BUSINESS
Facing trouble submitting UPS form online? PFRDA issues fresh guidelines | Unified Pension Scheme
According to the Ministry of Finance, even eligible past retirees under NPS can exercise this option. But they must do so by the September 30 deadline.
BUSINESS
Sovereign Gold Bonds: RBI announces early redemption for another SGB series; investors to get 183% return
Subscriptions for this 2019–20 Series-IV-Issue tranche were accepted from September 9–September 13, 2019. September 17, 2019 was the date of the bonds' issuance.
WORLD
'Would put him in cabinet, but don't know...': Here's Donald Trump's latest idea on Elon Musk
"He wants to be involved now. Look, he's running big businesses and all that, so he can't really. I don't think he'd be [able to handle the work of the cabinet]. I'd put him in the cabinet, absolutely. But I don't know how he could do that with all the things he's got going," Trump said.
