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Vol. I · No. 24Sunday, 18 October 2026Printed 6:41 AM IST

Frosty’s Ledger

All the news that’s free to read

‹ Previous edition20 publishers · 2,272 stories read · 90 printedAll editions
MarketsTap for chartsNifty 5023,146.15▲ 0.65%Sensex74,729.27▲ 0.56%Bank Nifty55,844.00▲ 0.06%USD/INR₹94.96▲ 0.46%Brent$109.86▲ 3.72%Gold$4,181▲ 0.26%S&P 5007,659.44▼ 1.09%US 10Y5.10%▲ 1 bp

Companies & Deals

Hybrids, CNG may contribute 50% of sales in 2-3 years: Renault India CEO

As French carmaker Renault pushes multifuel powertrain strategy in India, Renault India CEO Stephane Deblaise said hybrid and CNG technology can possibly account for almost half of the automaker's powertrain mix in its sales over the next 2-3 years.

BS·Mint·BusinessLine3 papers

The Week Ahead

Times in IST
  1. Tue20OctMarkets closedNSE & BSE shut for DussehraIN
  2. Wed28OctFed rate decisionFOMC 27–28 Oct · 11:30 PM ISTUS
  3. Fri6NovUS jobs reportOctober payrolls · 7:00 PM ISTUS

The CFA & CA Lens

Today’s news, exam-style

CFA Level I

Financial Statement Analysis

Bad loans & bank health

In the newsICICI Bank Q2 net rises 20% to ₹14,843 crore as provisions fall

A loan becomes a non-performing asset when repayments stop for 90 days. Banks then set aside provisions, which come straight out of reported profit.

Exam angleProvisions are an income-statement expense and shrink the net loan book on the balance sheet; watch the provision coverage ratio.

Ethics

Regulation & investor protection

In the newsFSSAI proposes curbs on added sugar in infant food, pesticide limits in tea

Regulators like SEBI and IRDAI set the rules for how financial products are sold and who may invest in what, with protecting investors as the goal.

Exam angleCFA Standard III(C), Suitability: understand a client's objectives and constraints before recommending an investment.

CA · ICAI

CA Inter · Corporate & Other Laws

Boards & independent directors

In the newsKaizad Bharucha to exit HDFC Bank at end of December after three decades

The board is accountable to shareholders for running the company. Independent directors are meant to protect minority shareholders when management and promoters disagree with them.

Exam angleSection 149 of the Companies Act: listed public companies need at least one-third independent directors on their board.

CA Final · Financial Reporting

Revenue recognition

In the newsHDFC Bank Q2 net profit rises 4.7% to ₹19,510 crore as NII grows

Revenue is recognised when control of goods or services passes to the customer, not simply when cash arrives or a contract is signed.

Exam angleInd AS 115's five steps: identify the contract → performance obligations → transaction price → allocate it → recognise as each obligation is satisfied.

CA Final · Advanced Financial Management

Hedging currency risk

In the newsRupee rises 20 paise to 94.79 against US dollar in early trade

Exporters and importers use forward contracts to lock in today the exchange rate they'll get when the payment actually arrives.

Exam angleForward rate by interest rate parity (direct quote): F = S × (1 + r_home) ÷ (1 + r_foreign). An exporter hedges by selling dollars forward.

Markets

17 stories

Stocks to Watch

Dividend alert: IRFC, Tech Mahindra, ICICI Prudential AMC, among 11 stocks to watch next week: Check record date, payout

Dividend payouts announced by 11 companies range from ₹0.50 to ₹30 per share, with record dates scheduled for October 21–23, 2026. ICICI Prudential Asset Management Company offers the highest payout. Record dates and settlement rules determine eligibility.

Mint·NDTV Profit

Economy & Policy

17 stories

Trump's sanctions waiver offers India temporary relief, no certainty: GTRI

US President Donald Trump's waiver from sanctions, restrictions and tariffs under the Sanctioning Russia and Iran Act (SRIA) gives India temporary relief but offers no lasting certainty, and New Delhi should safeguard its energy security and buy oil on commercial…

BS·ET

Companies & Deals

17 stories

Maha FDA names Blinkit's Dhindsa, Reliance officials in expired food probe

In the case of a Zomato Hyperpure warehouse, a company representative named a contractor as its disposal agency which FDA officials could not trace, according to the documents…

BS·BusinessLine

World

15 stories

US reviving shuttered nuclear plants to meet growing electricity demand and to power data centres

The United States is planning to restart three closed nuclear plants to address rising energy needs. These plants were shut down due to high electricity costs but are now sought after for carbon-free energy.

ET·BS

No Kings anti-Trump movement holds over 3000 rallies across 50 states ahead of November 3 US midterm elections. What does it mean for Donald Trump, Republican party?

No Kings anti-Trump movement: More than 3,200 events had been planned in ​all 50 states, after the two previous nationwide events attracted millions of participants.

ET

Technology

11 stories

Opinion

5 stories

12 questions for Rahul

Having been through the school of hard knocks, Rahul should know that political change in India is brought about either by those who win an election or who combine with others to defeat an incumbent…

BS

Insights

Long reads from McKinsey, BCG, Bain & HBR

McKinsey & CompanyNew

What is a forward-deployed engineer?

Forward-deployed engineers work inside another company’s own systems. Three McKinsey leaders explain how FDEs help companies derive impact from AI.

Subscriber Desk

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MarketWatch

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Markets · daily closes

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