The Supreme Court on Thursday, 15 October 2026, dismissed appeals by Yes Bank, the Reserve Bank of India (RBI) and the Union of India, and upheld the Bombay High Court’s January 2023 order that quashed the write-down of Yes Bank AT1 bonds worth ₹8,415 crore. A bench of Justices Dipankar Datta and Augustine George Masih…
The rule is simple: on a date in NSE’s trading holiday list, there is no trading in equities, equity derivatives or currency derivatives for the whole day. The next such date is Tuesday, 20 October 2026, for Dussehra. After that come Diwali Laxmi Pujan on Sunday, 8 November (a muhurat trading day), Diwali-Balipratipada on Tuesday,…
The Nifty 50 closed at 23,146.15 on Friday, 16 October 2026, up 148.80 points or 0.65%, as IT shares jumped after quarterly results. The Nifty IT index rose 3.92%, its biggest gain among NSE’s sector indices. The BSE Sensex added 413.66 points, or 0.56%, to 74,729.27, BusinessLine reported. Nifty today also wrapped up a strong…
Three changes, one Cabinet decision. On 14 October 2026, the Union Cabinet approved continuing the National Social Assistance Programme (NSAP) for five more years, from 2026-27 to 2030-31, with a total outlay of ₹53,428 crore. Along with the extension, the scheme gets a new name, the disability pension gets a higher central rate, and many…
After five years of trying, the government has picked a buyer for IDBI Bank. On Wednesday, 14 October 2026, the Cabinet Committee on Economic Affairs (CCEA) approved 10955230 Canada Inc., whose parent is Fairfax Financial Holdings, as the strategic buyer for 60.72% of the bank. The price is ₹52,878.08 crore, or ₹81 a share. IDBI…
Compared with September last year, India sold far more goods abroad this September and bought only a little more. The merchandise trade deficit narrowed to $30.21 billion from $33.00 billion a year earlier, the Commerce Ministry said on 15 October 2026. Electronics exports jumped 70%, while gold imports fell 81%. Here is what the September…
$83 billion of NRI deposits came into India’s banks in a single month. That is the standout figure in the RBI’s balance of payments data for August 2026, released on 15 October. It helped India record an overall balance of payments surplus of $45.4 billion for the month, even though the current account stayed in…
Wholesale prices rose 11.39% in September; retail prices rose 5.54%. The two numbers came out two days apart, and the gap between them, 5.85 percentage points, says a lot about what may come next for household budgets. WPI inflation for September 2026, released by the Office of the Economic Adviser at noon on 14 October,…
“Will my UPI payment at the grocery shop cost extra from 15 October?” That was the most common question in our inbox this week. The short answer: no. The UPI MDR, a 0.4% fee on select merchant payments that was due to start on 15 October, has been put off. On 13 October, the National…
Three things salaried employees should know this week: your employer now has until 31 October to deposit September’s PF; the delay is linked to the new ₹25,000 wage ceiling; and your EPF passbook may show the September credit later than usual. In a circular dated 13 October 2026, the Employees’ Provident Fund Organisation (EPFO) extended…