4:10 PM
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Federal Bank reported a record rise in operational income for the September 2025 quarter, but higher provisions led to a 9.5% year-on-year decline in net profit. Despite a cautious approach to risk management, the bank saw improved asset quality and growth in its commercial book, while investing in digital platforms.
2:10 PM
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Gold remains a strategic portfolio asset, despite recent surges, according to Bank of America's Michael Widmer. While currently overbought, gold is still underinvested, with significant room for portfolio allocation increases. Investors should watch for short-term dips of $100-$200 for buying opportunities, as volatility picks up, offering strategic diversification and protection during market uncertainty.
12:10 PM
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Diwali 2025 brings a series of state-specific bank holidays, with most branches remaining open nationwide on Dhanteras, except in Assam. Several states will observe closures from October 20th to 23rd for various Diwali-related festivals. Online banking and ATMs will remain accessible during these closures.
12:10 AM
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India's gold reserves have surged past $100 billion for the first time, driven by soaring global prices. Despite the Reserve Bank of India significantly slowing its gold purchases this year, the precious metal now forms its highest proportion of total reserves since 1996-97, a trend bolstered by international central banks diversifying away from the US dollar.
3:10 PM
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Amidst global economic turmoil, the IMF urges world leaders to 'buckle up' with a four-pronged strategy. This involves building fiscal buffers, strengthening trusted institutions, deepening trade ties, and fostering private sector innovation through technology adoption and infrastructure investment. The IMF also revised growth forecasts upwards, noting less severe impacts from trade tensions than initially feared.
11:10 AM
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Gold and silver prices have surged to unprecedented levels ahead of Dhanteras, driven by concerns over U.S. regional bank credit stress and a weakening dollar. Gold futures reached Rs 1,30,005 per 10 grams, while silver futures hit Rs 1,67,999 per kilogram. Experts predict further long-term gains for both precious metals.
9:10 AM
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Stock market recommendations: Bajaj Broking Research highlights Reliance Industries and Suzlon Energy as top stock picks for October 17, 2025. The Nifty is poised for further gains, targeting 25,900 and 26,200, while Bank Nifty shows a bullish structure and aims for 58,000.
12:10 AM
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Sebi is actively working to boost institutional investment in agricultural and non-agricultural commodity markets, aiming to strengthen their appeal for hedging purposes. The regulator is also exploring avenues to allow banks, insurance companies, pension funds, and foreign portfolio investors to participate in these markets, alongside efforts to deepen the corporate bond market.
11:10 PM
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JPMorgan CEO Jamie Dimon, a gold skeptic, now finds it 'semi-rational' to hold the yellow metal, acknowledging its potential to reach $10,000 in the current environment. Major banks like Goldman Sachs and HSBC have also raised their gold price forecasts, citing strong investor demand and central bank interest as key drivers for the precious metal's surge.
9:10 PM
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India leads in digital public platforms, with UPI processing 85% of digital payments, facilitating financial inclusion and innovation. Reserve Bank Governor Sanjay Malhotra highlighted these cost-efficient, resilient systems, built as a public good. He emphasized global collaboration, sharing India's MOSIP platform for national digital ID systems with 27 countries.
1:10 PM
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Gold rate today: Gold and silver prices have hit unprecedented highs in India and globally, fueled by anticipated US Federal Reserve interest rate cuts and ongoing geopolitical tensions. Analysts suggest further gains are likely as investors seek safe-haven assets amidst concerns over debt levels and a weakening dollar. Central bank buying also supports the trend.
9:10 AM
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Top stock market recommendations: Nuvama Professional Clients Group's Deputy Vice President, Aakash K Hindocha, has identified Bikaji, Voltas, and Torrent Power as top stock recommendations. Hindocha's analysis suggests a short-term upside for Nifty towards 25450 and Bank Nifty targeting 57250.
8:10 PM
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Wall Street advanced Wednesday, with the S&P 500, Dow, and Nasdaq all climbing. Strong earnings from tech giants like ASML and Nvidia, alongside positive bank results from Bank of America and Morgan Stanley, fueled the rally. Investors focused on corporate profits amid economic uncertainties and ongoing US-China trade tensions.
7:10 PM
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Reserve Bank of India Governor Sanjay Malhotra indicated that a policy space exists for a future interest rate cut, but stressed the need for the right timing to maximize impact. While inflation outlook is benign, global uncertainties necessitate waiting for existing measures to take effect before further action. The central bank maintained the benchmark lending rate at 5.50%.
5:10 PM
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Axis Bank's net profit saw a significant drop of 26 percent in the September 2025 quarter. Net interest income showed a slight increase. Operating costs rose year-on-year. Gross and net non-performing assets also saw changes. Provisions and contingencies increased substantially for the quarter. This financial performance reflects key shifts for the private sector lender.
12:10 AM
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Public sector banks are outperforming private lenders, driven by better risk assessment and loan monitoring, according to Financial Services Secretary M Nagaraju. Customers are returning due to improved efficiency and transparency. Punjab & Sind Bank launched specialized branches, including one managed by women, to support MSMEs, startups, and agriculture, fostering inclusive economic growth and employment.
11:10 PM
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Gold and silver are poised for strong momentum, fueled by consistent central bank demand and anticipated shifts in US monetary policy. Nilesh Shah of Kotak AMC highlights that these precious metals are evaluated on perceived value, with central bank buying and a weakening dollar supporting prices. Supply constraints and geopolitical unpredictability further bolster their attractiveness for long-term diversification.
5:10 PM
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JPMorgan Chase is launching a $1.5 trillion, 10-year initiative to bolster US industries vital for national security and economic growth. The bank will invest up to $10 billion in companies across defense, energy, manufacturing, and emerging technologies, aiming to strengthen supply chains and energy independence.
3:10 PM
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Gold has surged to a new record above $4,100, with silver also hitting an all-time high, driven by anticipated US Federal Reserve rate cuts and escalating US-China trade tensions. Investors are seeking safe havens amid geopolitical uncertainties and central bank buying. Analysts predict further gains, with some forecasting gold to reach $5,000 by 2026.
2:10 PM
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Gold is experiencing an unprecedented surge in 2025, reaching $4,000 an ounce as global uncertainty and persistent inflation drive investors away from traditional assets. This rally, outpacing historical crises, occurs even as the stock market booms, signaling deep-seated economic anxieties. Central banks are aggressively buying gold, questioning the US dollar's safe-haven status amid geopolitical shifts and de-dollarization trends.
6:10 PM
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The United States observes both Columbus Day and Indigenous Peoples' Day on the second Monday in October. While Columbus Day honors Italian-American heritage, Indigenous Peoples' Day acknowledges Native American history and critiques Columbus's actions. Most banks and government offices will be closed, but shipping services and stock markets will operate normally.
4:10 PM
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Gold prices have surged to record highs, deterring festive buyers despite sparkling offers. Global financial unease and a weakening rupee are driving this rally, with central banks also contributing. While a post-Diwali correction is anticipated by some, experts advise long-term investors against market timing, suggesting consistent annual purchases mimic an SIP for steady returns.
3:10 PM
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Banks are seeking RBI approval to stop sending SMS alerts for transactions under Rs 100, citing alert fatigue from frequent small online payments. Proposed safeguards include notifications for cumulative small transactions, with customer consent to be obtained before implementation.
8:10 AM
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11:10 PM
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State Bank of India aims to boost women's representation to 30% by 2030, currently at 27% overall. Initiatives like creche allowances, re-entry programs, and leadership development are in place. The bank is also focusing on women's health and operates numerous all-women branches, underscoring its commitment to a diverse and inclusive workplace.
1:10 PM
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State Bank of India is aiming for 30% women representation in its workforce within five years, currently at 27%. The bank is implementing initiatives like creche allowances, leadership training, and targeted health programs to support women and bridge the gender gap. SBI is also expanding its network of all-women branches.
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