India’s services sector saw its slowest pace of growth in five months during October, as competitive market pressures and heavy rainfall in some regions weighed on business activity.According to the monthly HSBC India Services PMI Business Activity Index, compiled by S&P Global, the seasonally adjusted reading fell to 58.9 in October, down from 60.9 in September, signalling the weakest expansion since May. Despite the moderation, the figure remained comfortably above the neutral 50 mark—which separates growth from contraction—and higher than the long-term average of 54.3, as per news agency PTI.Pranjul Bhandari, chief India economist at HSBC, said, “India’s services PMI softened to 58.9 in October, which represented the slowest pace of expansion since May. Competitive pressures and heavy rains were cited as contributors to the sequential slowdown.”The survey, based on responses from around 400 service sector firms, indicated that while demand buoyancy and GST relief helped improve business conditions, factors such as increased competition and adverse weather dampened momentum.External demand for Indian services also grew further, though the rate of increase was the weakest since March. The report noted that the GST reform had a positive influence on price pressures, with input costs and output charges rising at their slowest pace in 14 and seven months, respectively.Companies remained optimistic about future business activity, expressing strong confidence in growth prospects over the next year. To meet new orders and ensure timely service delivery, many firms added staff in October.The HSBC India Composite PMI Output Index, which combines manufacturing and services data, also reflected slower growth—dropping from 61 in September to 60.4 in October, marking the weakest expansion since May. “India’s composite PMI fell on a sequential basis from 61 in September to 60.4 last month, largely due to the slowdown in the services sector,” Bhandari added.Composite PMI indices are weighted averages of the manufacturing and services PMIs, adjusted to reflect their share in India’s GDP.

New Delhi: A social media user has asked an important question whether Rs 10 crore would be enough for a comfortable life in India after retirement. The post has sparked debate about personal finance and the cost of living in India.

The user took to Reddit with the post titled “Would Rs 10 crore be enough to retire comfortably in India today?” The user stated in the post that he was curious about the opinion of others on whether Rs 10 crore would be sufficient for a comfortable retirement in India. “Just a thought I wanted to discuss if someone inherits around Rs 10 crore (mix of land, property, mutual funds, etc) do you think that is enough to retire comfortably in India today?” the user wrote.

The user wanted to hear what others thought about the idea that if invested properly Rs 10 crore could generate solid passive income. “A single person like me would spend around Rs 1 lakh/month, and maybe around Rs 3 lakh/month after marriage with family expenses included. If invested properly, Rs 10 crore could generate solid passive income but I am curious how others view this in the current economy,” the user said.

The user asked for the opinions of others about how much money would be sufficient to retire or live comfortably in India. “What amount do you think would be enough to retire or live financially free in India?” the user asked.

Netizens Reaction

The post sparked a debate on personal finance with some arguing that the amount is more than enough and others contending that spending should be under control.

One user commented, “If your 10cr can generate 10% ROI then absolutely more than enough.”

“10 crores should earn you 70 lakhs per year. so about 5-6 lakhs a month. for a single person, should def be enough,” commented another user.

A user said, “For a single person. Who spend 1 lakh/month, any amount of money is useless. Because its obvious you dont have control on your expenses.”

One user commented, “What will you spend for 3L brother, just curious”

A user said, “To retire comfortably, you do not need calculations, you need to be comfortable with yourself.”

New Delhi: Bhavish Aggarwal-run Ola Electric Mobility Ltd reported a consolidated net loss of Rs 418 crore for the July-September period (Q2 FY26), its exchange filing said on Thursday, as revenue slipped. 

Revenue from operations dropped 43 per cent year-on-year to Rs 690 crore in Q2 FY26, down from Rs 1,214 crore in Q2 FY25, indicating a substantial decline in sales for the quarter.

However, the electric two-wheeler maker’s operating EBITDA loss narrowed to Rs 203 crore during the quarter from Rs 379 crore a year earlier, indicating improved cost efficiency.

The company’s auto segment delivered an EBITDA margin at 0.3 per cent by reducing Auto operating expense from Rs 308 crore to Rs 258 crore (on-quarter), the release said.

After the announcements of the results, Ola Electric’s stock fell to Rs 49.4 on the NSE, down 66 paise, during intra-day trade, posting a decline of 1.32 per cent from the previous close.

“For the Auto segment, we expect lower volumes than the Q1 guidance as we continue to focus on margin and cash discipline in a hyper competitive market,” the company said in its filing.

For H2 FY26, Ola Electric targets total deliveries of approximately 100,000 units. This moderation in unit volumes will be complemented by volumes from its new vertical beginning in Q4, the company added.

The company recorded sales of 16,034 e-scooters in October, marking a 61 per cent decline from 41,843 units sold in the same month last year, according to data from the government’s Vahan portal.

“On a full-year basis, we now expect FY26 consolidated revenue of around Rs 3,000 – Rs 3200 crore, reflecting a balanced focus on profitability over volumes,” the company said.

The auto segment will continue to improve QoQ profitability. We expect to exit Q4 with Auto gross margins around 40 per cent and segment EBITDA of around 5 per cent, it added.