PODCAST
Govt plans to merge small lenders with big banks; Emirates NBD to acquire 51% stake in RBL Bank; RBI boosts gold reserves | MC Editor's Picks
The Centre is planning to merge smaller public sector banks with larger banks such as Punjab National Bank, Bank of Baroda, and SBI by FY27. Emirates NBD’s India unit is likely to acquire a 51% stake in RBL Bank. Only about 20% of stocks are cheap today, and even that comes with legitimate concerns, as 50-60% of stocks trade in an overvalued zone, said Maran Govindasamy.
BUSINESS
Stocks to Watch Today: Rubicon Research, HDB Financial, HDFC Life, Axis Bank, Bharat Electronics, Jyoti Structures, KEC International in focus on 16 October
Stocks to watch, 16 October: Stocks like Axis Bank, HDFC Life Insurance Company, L&T Finance, HDB Financial Services, Oberoi Realty,Delta Corp, Angel One, KEI Industries, Bharat Electronics, Hero MotoCorp, Jyoti Structures, KEC International, Indian Energy Exchange, and Rubicon Research will be in focus on October 16.
INDIA
BJP releases final list of 18 names for Bihar election; it's Satish Kumar Yadav vs Tejashwi from Raghopur
Other prominent state leaders, include Nand Kishor Ram (Ramnagar–SC), Sanjay Pandey (Narkatiaganj), Ram Singh (Bagaha) and former minister Vinay Bihari (Lauriya).
MARKETS
Sebi cracks whip on insider traders in IEX shares; Rs 173 crore case unearthed
Sebi said the thoughtful modus operandi of the noticees involved sharing of crucial information relating to regulatory actions emanating from a regulator, which was bound to have a significant impact on the listed securities of IEX.
INDIA
Karnataka domestic worker’s draft bill proposes 5% welfare fee, 48-hour work week, fines up to Rs 50,000; seeks public suggestions
Violations such as employing unregistered workers, non-payment of wages, forced labour, sexual exploitation, or child labour will attract imprisonment and fines ranging from Rs 20,000 to Rs 50,000.
BUSINESS
WisdomTree picks 0.51% stake in MSTC, 0.7% shares in Allcargo Logistics
MSTC shares rebounded sharply on Wednesday, recouping the loss of previous couple of sessions, and closing 5.8 percent higher at Rs 540.70, while the buying interest was also seen in Allcargo Logistics, which bounced back and spiked 8.6 percent to Rs 34.36.
INDIA
Kiran Mazumdar-Shaw: “I live in Karnataka, not Maharashtra; I have a vested interest in my city and state”; Congress-BJP react
While BJP and JD(S) slammed ministers for criticising Kiran Mazumdar-Shaw, Congress leaders questioned why the Biocon chairperson is not criticising BJP governments.
BUSINESS
FIIs net buy Rs 69 crore of Indian equities, while DIIs pump in Rs 4,650 crore
For the year so far, FIIs have been net sellers of shares worth Rs 2.40 lakh crore, while DIIs have net bought shares worth Rs 5.97 lakh crore.
MARKETS
Sebi extends timeline for Angel Funds to disclose allocation methodology
Following the extension, the revised compliance date now stands at January 31, 2026, meaning any investments made by existing Angel Funds after this date must adhere to the disclosed allocation methodology.
BUSINESS
Network18 posts 7% revenue growth amid tough ad market
The company's board approved the acquisition of the remaining 50 percent stake in its Marathi joint venture, IBN Lokmat News Pvt. Ltd.
INDIA
Karnataka: Opposition slams ruling Congress govt after Google chooses Andhra for AI data centre
Google’s $15 billion investment in Visakhapatnam draws criticism from BJP leaders in Karnataka
PODCAST
CoinDCX gets a funding boost from Coinbase, Logistics firms are bracing for Diwali rush and a new credit rating agency enters the ring | MC Tech3
In today’s Tech3 from Moneycontrol, Coinbase makes a fresh bet on CoinDCX at a $2.45 billion valuation, eyeing India and the Middle East as the next crypto frontier. Logistics firms race against the festive clock as Diwali deliveries go into overdrive. India to get a new credit rating agency after nearly a decade, shaking up the scorecard. And Paytm cleans house with a major internal restructuring.
BUSINESS
Axis Bank sees negligible near-term impact from RBI’s ECL norms
CFO Puneet Sharma said the main effect will be a shift in provisioning from outstanding to exposure, with net worth largely unaffected at transition
BUSINESS
Galeries Lafayette set to make its grand India debut in Mumbai next month
BUSINESS
US-based Tryfacta to file for USD 100 to 150 million GIFT City IPO by October-end
Potentially the largest fundraising by an international company in India and could make Tryfacta the first to list on the International Financial Services Centre Authority (IFSCA) platform.
BUSINESS
Essar Group-backed tech firm Black Box outlines 15% year-on-year growth over 4 years
For the quarter ending June 30, 2025, Black Box reported a topline of Rs 1,387 crore
INDIA
Disclose CSR spending, stop using Bengaluru for PR: Shivakumar to industrialists, Nara Lokesh
Lashing out at critics, deputy CM and Bengaluru development minister DK Shivakumar said there is no match for Bengaluru, and those who criticise it do so only to market themselves.
AUTOMOBILE
Hero MotoCorp enters Spain, expands footprint to 50 global markets
Hero has launched the Xpulse 200 4V, Xpulse 200 4V Pro and Hunk 440 in Spain.
BUSINESS
Samvat 2082: From RIL to Eternal, here are the top Muhurat Trading picks from Kotak Securities
Diwali 2025 stock picks: The brokerage has given a buy rating on Adani Ports with a target price of Rs 1,900 per share. The stock closed at Rs 1,451.50 apiece on Wednesday.
BUSINESS
RBI MPC Minutes: High frequency data show economic growth likely to stay strong in Q2, says Governor Malhotra
Avoided rate cut in Oct as it will not have desirable impact, says Sanjay Malhotra
AUTOMOBILE
TVS Apache RTX 300 launched in India at Rs 1.99 lakh, company enters adventure tourer segment
TVS Apache RTX is powered by a 299.1cc single-cylinder, liquid-cooled, four-stroke DOHC engine, which develops 36PS of maximum power and 28.5Nm of peak torque.
PERSONAL-FINANCE
EPFO chief defends 25% PF balance mandate: 'Corpus for long-term social security'
As per the revised norms, members will now be able withdraw up to 75% of their PF balance at any time but 25% will remain locked as a minimum retirement buffer.
INDIA
Doctor uses anaesthetic drug Propofol to kill wife in Bengaluru: 'His knowledge that should've saved lives, ended hers'
Police allege that Mahendra misused his medical access to obtain operating theatre and ICU drugs and used them to execute the crime.
BUSINESS
Diwali Muhurat Trading 2025: Why this one-hour session is special for investors?
The session celebrates the beginning of Samvat 2082, the Hindu calendar year.
