Ahead of festival season, mutual funds halt fresh investments into gold FoF

The Hindu Business Line - Oct 16, 2026

Nearly 17 fund houses have stopped fresh investment in gold Fund of Funds (FoF) which in turn invests in MF schemes

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SEBI’s saptapadi to a more robust SME market
Oct 16, 2026
SEBI’s saptapadi to a more robust SME market

The tweaks could spark more investors to join early-stage growth stories, while keeping risk in check

HDFC Mutual Fund lists FTSE India Equity ETF on NSE
Oct 16, 2026
HDFC Mutual Fund lists FTSE India Equity ETF on NSE

It covers approximately 90% of the market capitalisation of the FTSE India All Cap Index, offering investors broad exposure to Indian equities through a rules-based, passive investment strategy

L&T-built INS Samarthak commissioned into Indian Navy, marking a milestone for private shipbuilding
Oct 16, 2026
L&T-built INS Samarthak commissioned into Indian Navy, marking a milestone for private shipbuilding

INS Samarthak is capable of undertaking maritime surveillance and reconnaissance, offshore patrolling, and humanitarian assistance and disaster relief operations

Altimetrik launches PharmaOS AI platform for life sciences sector in Hyderabad
Oct 16, 2026
Altimetrik launches PharmaOS AI platform for life sciences sector in Hyderabad

The new facility will support AI-driven workflows across drug discovery, clinical development, pharmaceutical manufacturing, patient engagement and care delivery

US bond 10-year yields suffer biggest weekly drop in over year. Why is treasury note down?
Oct 16, 2026
US bond 10-year yields suffer biggest weekly drop in over year. Why is treasury note down?

US bond yield on the benchmark US 10-year Treasury note was unchanged at 5.087 per cent after earlier rising to 5.1334 per cent. The yield on the 30-year bond rose 0.5 basis point to 5.433 per cent after trading earlier at 5.464 per cent.

PC Jeweller stock jumps 11% after Cupid promoter Halwasiya buys shares worth ₹70 cr
Oct 16, 2026
PC Jeweller stock jumps 11% after Cupid promoter Halwasiya buys shares worth ₹70 cr

PC Jeweller had previously announced that it had cleared outstanding dues to all 14 consortium banks, eliminating debt of approximately ₹3,000 crore

Tesla share price drops after unveiling Roadster Sports Car: Check Elon Musk's SpaceX backed flying car's features, available timeline
Oct 16, 2026
Tesla share price drops after unveiling Roadster Sports Car: Check Elon Musk's SpaceX backed flying car's features, available timeline

Tesla's first Roadster was launched back in 2008. And in 2018, Musk went as far as placing one on a rocket — with a mannequin dubbed “Starman” in the driver's seat — and launching it into space.

India’s forex reserves fall by $8.58 billion to $726.03 billion
Oct 16, 2026
India’s forex reserves fall by $8.58 billion to $726.03 billion

The latest decline follows a $12.952 billion fall in the previous week, extending the downward trend from September’s record high

India is fastest-growing polymer compound market, expected to grow to $16 bn by 2031: Crisil
Oct 16, 2026
India is fastest-growing polymer compound market, expected to grow to $16 bn by 2031: Crisil

Demand to be led by automotive, power cables, telecom cables, water pipelines, and oil & gas pipelines segments

Maharashtra makes display of treatment rates mandatory for private hospitals
Oct 16, 2026
Maharashtra makes display of treatment rates mandatory for private hospitals

The directive seeks to improve transparency in hospital billing, reduce disputes over treatment costs and ensure patients can access rate information.

Broker’s call: Indian Bank (Buy)
Oct 16, 2026
Broker’s call: Indian Bank (Buy)

Broad-based RAM growth of 17.7% and improving asset quality, with GNPA/NNPA at 1.61/0.14%, underpin the bank’s growth trajectory

New details emerge in US investigations of Chinese-American scientists over China links
Oct 16, 2026
New details emerge in US investigations of Chinese-American scientists over China links

A US congressional committee has released details of investigations into dozens of researchers, many of them Chinese-American, revealing the scale of government scrutiny sweeping academia over alleged links to China. The documents – running to hundreds of pages – were released alongside a separate report by the House Select Committee on China. Titled “How to Stop China’s Theft of Taxpayer-Funded Research”, the report pushes back against arguments by universities and academic groups that tighter...

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