The Press Editor

India's economy could double to more than USD 8 trillion over the next decade, Global investment firm KKR said, believing structural reforms can pay off. "The economy has now crossed USD 4 trillion, and we think it is on track to double again over the next ten years," KKR said in its October 2026 "Thoughts From the Road Europe and Asia" report. According to KKR, India's growth story is far from over and there is still meaningful upside to be unlocked from reforms already on the books, not just from new ones yet to come. If India achieves this target,…

The 50-30-20 rule is a popular global framework for dividing monthly income as 50 per cent for needs, 30 per cent for wants, and the remaining 20 per cent for savings. However, financial experts say the formula, built around higher-income economies with stronger social security nets, often struggles to hold up against Indian household realities. Experts believe that instead of chasing a fixed savings percentage, Indian salaried individuals can benefit more from prioritising essential expenses, insurance, and an emergency fund before deciding how to allocate the rest of their income.  According to Akshay Gulati, Founder of Super Investing AI, the…

Shares of Hyderabad-based IT company Blue Cloud Softech Solutions opened in the green even as benchmark indices declined, as the growing prospect of tighter domestic and global monetary conditions persisting longer, surging crude oil prices, and foreign fund outflows dented sentiment. The counter opened at Rs 20.72, up around Rs 0.40 or 1.96 per cent from the previous close of Rs 20.32 on the BSE. The counter gained further to touch an intraday high of Rs 21.14, up Rs 0.82 or 4.05 per cent. Last seen, the stock was trading at Rs 21, up Rs 0.68 or 3.34 per cent,…

Rates of precious metals in futures opened higher on Thursday, October 8, 2026, but remain volatile. The gold October 5 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 586 at Rs 1,49,689 per 10 grams, up from the previous close of Rs 1,49,103. It gained further to touch the high of Rs 1,49.900. However, it later saw profit booking and fell to touch the intraday low of Rs 1,48,965, down Rs 138 or 0.09 per cent. Last seen, it traded at Rs 1,49,160, up Rs 57 or 0.04 per cent.  On the MCX, the yellow…

Middle-class borrowers and salaried households may face significant financial strain as several public sector banks across the country have raised loan interest rates following a 0.25 per cent repo rate hike by the Reserve Bank of India (RBI). Punjab National Bank (PNB), Indian Bank, and Bank of Baroda are among the major PSU banks that have raised their lending rates. These banks have increased their loan interest rates by up to 0.25 per cent, making loans expensive for borrowers. Repo rate increased to 5.50 per cent The RBI raised the repo rate by 0.25 per cent to 5.50 per cent…

Paytm shares fell over 10 per cent on Thursday despite Goldman Sachs raising its target price. The stock opened gap down at Rs 1,670, down 3.69 per cent from the previous close of Rs 1,734 on the BSE. Amid selling pressure, the counter tumbled further to hit a 10 per cent lower circuit of Rs 1,560.60. The counter gained some momentum from the lower levels and was last seen trading at Rs 1,647.20, down Rs 106.80 or 6.16 per cent, and the company's market cap stood at Rs 1,04,383.18 crore. The stock fell after three consecutive days of gains and underperformed…