The Goddess of wealth, Lakshmi incarnated on the new moon day (amaavasyaa) of the Karthika month during the churning of the ocean (samudra-manthan)
On the Deepavali day, Lord Vishnu in his fifth incarnation as Vamana-Avatara rescued Lakshmi from the prison of King Bali.
On the day preceding Deepavali, Lord Krishna killed the demon king Narakasura and rescued 16,000 women from his captivity.
According to the great epic ‘Mahabharata’, it was ‘Kartik Amavashya’ when the Pandavas appeared from their 12 years of banishment.
Deepavali commemorates the return of Lord Rama along with Sita and Lakshman from his fourteen year long exile and vanquishing the demon-king Ravana
One of the greatest Hindu King Vikramaditya was coroneted on the Deepavali day; hence Deepavali became a historical event as well.
Diwali also marks the auspicious occasion when on a new moon day of Kartik (Diwali day) Swami Dayananda Saraswati
Mahavir Tirthankar, considered to be the founder of modern Jainism also attained his nirvana on Deepavali day.
The third Sikh Guru Amar Das institutionalized Deepavali as a Red-Letter Day when all Sikhs would gather to receive the Gurus blessings
In 1999, Pope John Paul II performed a special Eucharist in an Indian church where the altar was decorated with Deepavali lamps
Dhanteras is the festival of wealth and hence is auspicious for launching a new business, conducting housewarming ceremonies and purchasing valuables.
It is believed that after having killed Narakasura – the dreaded demon king, Krishna returned to his kingdom with his consort Satyabhama
In certain parts of India, Deepavali is synonymous with “Lakshmi Pooja”, where prayers are offered to Lakshmi
Bhrathru Dwithiya or Bhai Dhuj celebrates the special relationship shared by a brother and his sister.