Social media is flooded with messages from harrowed RBI customers, who are unable to subscribe to the services or products they want. Fake portfolio scam is running rampant on social media channels of Twitter, Telegram with the aim to lure retail investors and sell subscription services or trading workshops. China stunned the world by recently testing a game-changing “space nuke” that can strike anywhere around the globe by evading missile defence systems. For all these stories and everything in between, here are some top news of the day

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ECONOMY/BUSINESS

No festive season for auto sales

It's been a poor start to the festive season for automobile dealers and the auto industry. Navratri sales of passenger cars were 50 percent down for some passenger carmakers because vehicles were just not available in the market. Read more

Housing sales up 59% annually in July-Sep across 8 cities

Showing signs of recovery, housing sales across eight major cities registered an annual growth of 59 percent during July-September at 55,907 units, and demand jumped over three-fold against the previous quarter. Read more

RBI's new recurring payment rules: Customers see disruptions as banks, merchants not fully aligned yet

Social media is flooded with messages from harrowed customers, who are unable to subscribe to the services or products they want because their recurring payment mandate just won't work. Read more

MARKETS

Fake portfolio screenshot scam on Twitter, Telegram

Fake portfolio scam is running rampant on social media channels of Twitter, Telegram with the aim to lure retail investors and sell subscription services or trading workshops. Dig deeper

HDFC Bank hits 52-week high after quarterly results

HDFC Bank shares surged over 2 percent to hit the 52-week high of Rs 1,725 today after the lender beat Street expectations, posting 17.6 percent jump in net profit. Dig deeper

SEBI gives nod to Adani Wilmar IPO

Sources told CNBC-TV18 that Adani Wilmar has received an approval for coming out with a public issue valued at Rs 18,750-22,500 crore. It would become the seventh company from the Adani Group to list on bourses. Dig deeper

Kerala floods: Death toll climbs to 24; Centre offers assistance

At least 24 people were killed due to heavy rains and landslides in hilly areas of Kottayam and Idukki districts in Kerala. Met Department predicts rainfall with isolated heavy falls over Kerala from October 20 and expects to continue for subsequent three-four days. NDRF teams continued their rescue operations.