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The Indian rupee gained 1.9% in a week, closing at 94.71 per dollar on October 17. This rise followed Reserve Bank of India measures to stabilise the currency. While the rupee got stronger, foreign exchange reserves fell to $726.02 billion on October 9. Experts say the recovery remains uncertain for now.
Axis Bank reported a 37.6 percent year-on-year increase in net profit to Rs 7,003.3 crore for the second quarter of FY27. While the profit missed market estimates, the bank saw its net interest income rise to Rs 15,371.4 crore. Asset quality also improved, as the gross non-performing assets ratio fell.
Big tech companies are driving a massive capital expenditure boom to build artificial intelligence infrastructure. A report published on October 17, 2026, showed that $2.9 trillion of these commitments remain hidden off balance sheets. These complex agreements could trigger systemic risks across global markets as these costs eventually hit company financials.
Formula One driver Fernando Alonso owns an expansive collection of luxury cars, including a Pagani Zonda Diamante Verde valued at nearly $11 million. The Spaniard, who currently races for Aston Martin, also keeps multiple Ferraris and a McLaren P1. His passion for vehicles reflects his successful career since his 2001 debut.
Gold rates increased today, Saturday, October 17, 2026, at major jewellery brands like Tanishq, Malabar Gold & Diamonds, Joyalukkas, and Kalyan Jewellers. Tanishq priced 22k gold at Rs 13,575 per gram, up from Rs 13,555 on October 16. Many buyers check these latest rates before they head out to buy precious metals.
In 2021, a North Carolina farmer struggling to expand his sheep business found 33 acres beneath solar panels; then landed a second solar grazing contract. Alex Greer used the NC Choices programme to connect with Renew Petra. This smart move helped him manage 38 acres without buying any new land.
IMF chief Kristalina Georgieva said on Friday that AI risks may exceed opportunities without proper safeguards and an ethical framework. She backed a mix of industry self-regulation and government input. "If there are no safeguards, then the risks may exceed the opportunities," she said during a panel in Bangkok.
Rule 114 helps investors estimate how long mutual fund investments take to triple based on expected annual returns. You divide 114 by the return rate to find the years needed. While this formula supports long-term planning, remember that mutual fund returns fluctuate and are never guaranteed for any investor.
Investing ₹9 lakh in a Post Office Monthly Income Scheme at 7.4% earns ₹5,550 monthly. A bank FD at 6.5% generates ₹4,875 monthly. The Post Office scheme gives ₹675 more each month. These fixed-income options help many people get regular returns without market risks while keeping their principal money safe.
Goldman Sachs said AI debt and municipal bonds offer fresh investment opportunities through 2026. Alex Finston said, "I think there's three that are top of mind," noting high-quality AI credit, portfolio hedges, and municipal bonds. Investors showed strong demand for corporate debt as markets stayed resilient despite rising interest rates.
Former Secretary EAS Sarma asked the government to pause the IDBI Bank sale pending an independent inquiry. He said, “I consider this decision to be ill-advised as it involves serious legal implications.” The CCEA approved the sale of a 60.72 per cent stake to Fairfax Financial Holdings for ₹52,878 crore.
Urban Company reported a Rs 182.5 crore Q2 FY27 net loss as revenue rose 41.4%. The board also approved a fundraise of up to Rs 2,500 crore. The company said, "The proposed raise of up to Rs 2,500 crore is about flexibility: it lets us invest with conviction across each."