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HDFC Bank's Q2 FY27 profit rose 4.7% to Rs 19,510 crore, slightly below estimates, while Deputy MD Kaizad Bharucha will step down on December 31 ahead of Anup Bagchi's takeover as CEO.
Indian markets logged a second straight weekly gain, led by a record rally in IT stocks and a rebounding rupee, with the Rs 30,213 crore Jio Platforms IPO set to open next week.
Commerce Minister Piyush Goyal says the first tranche of the India-US bilateral trade agreement has been finalised and is in legal drafting, but India will operationalise it only once it gains a competitive edge over peer countries.
YES Bank shares fell as much as 20% after the Supreme Court upheld the Bombay High Court verdict quashing the Rs 8,415 crore write-off of its AT-1 bonds.
The 57th GST Council meeting left tax rates untouched but removed officers' power of arrest, raised the prosecution threshold to Rs 5 crore and promised faster, system-driven refunds.
The RBI raised the repo rate by 25 basis points to 5.5% on October 7, its first hike since February 2023, and said rate cuts are off the table for now as oil-driven inflation risks rise.
The 57th GST Council meeting on October 8 is expected to leave tax rates untouched and focus on process reforms like faster refunds, simpler registration and safer input tax credit.
The Union Cabinet approved a Rs 10,000 crore SME Growth Fund to give equity capital to growing small businesses and set up a new Integrated Transport and Logistics Authority.
The RBI cancelled Paytm Payments Bank's licence on April 24, 2026 — but Paytm's app, UPI, QR, Soundbox, and Payment Gateway are fully unaffected. Here's what happened, why it happened, and what it means for your money.
