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IDBI officers forum opposes majority stake sale to Fairfax, demands review
IDBI employees have demanded the deal process be suspended immediately.
BS VII draft proposes battery durability norms, vehicle passport for passenger cars
Proposed norms to be introduced in three phases from April 2029
Hyundai to invest additional 4,000 crore in Pune plant, to raise output to 3,20,000 units
Hyundai to invest additional 4,000 crore in Pune plant, to raise output to 3,20,000 units
Indias Largest IPO: Jio Platforms sets 1,065-1,119 price band, below street estimates
The IPO comprises a fresh issue of up to 27 crore equity shares with a face value of Rs 10 each
IDBI Bank stake sale to push MCR receipts beyond 90,000 crore, providing fiscal relief
This mop up will provide relief to government finances at a time when collections from excise are set to be down while expenditure on subsidy and
Zetwerk raises 2,251 crore from 99 anchor investors ahead of October 15 IPO
Global investment funds and domestic institutions participated in the anchor book as the manufacturing platform prepares to enter the public mark
Review Govtsdecision to sell majority stake in IDBI Bank: Employees union
The Forum seeks suspension offurther steps towards transferring ownership and management control of IDBI Bank to the foreign entity
CCEA approves strategic restructuring of IDBI Bank, govt & LIC to get over 52,000 crore
The government is offloading 30.48 per cent of its stake and expected to get over 26,500 crore, while LIC to sell 30.24 per cent and likely to ge
DGCA to investigate hijack alarm scare on Air India flight
According to sources, the pilot-in-command denied squawking transponder code 7500, while ATC maintained that it had received the signal from the
BoB stock tanks 3.5% as NMC founder Shetty sues bank for $15 bn
Mr. Shetty has accused the Bank and 25 others of acting as an instrument in the siphoning of funds that led to the collapse of his business empir
TN Revenue Augmentation Committee held its fifth meeting on Wednesday
The Committee presented its work to Secretaries and HoDs of various departments as part of this meeting
CBI arrests Munitions India official, SMPP CEO over alleged leak of defence contract information
Searches across four cities yielded cash and documents as investigators examined alleged bribery and unauthorised disclosures linked to ammunitio
Cabinet approves 52,878-crore sale of 60.72% stake in IDBI Bank to Fairfax
The deal would be the largest foreign direct investment in Indias financial sector to date, Finance minister Nirmala Sitharaman said after the Ca
Fairfax faces CSB conundrum after winning IDBI Bank bid; Merger emerges as likely route
The Cabinet Committee on Economic Affairs (CCEA) approves 10955230 Canada Inc. as the strategic buyer in the restructuring of IDBI Bank
Accenture, Workday join hands to help businesses deploy AI agents faster
The collaboration will combine engineering expertise and enterprise AI capabilities, with insights from real-world deployments feeding into futur
Use-case-based regulation is the right approach for AI: Sriram Raghavan, IBM Software GM
Sriram Raghavan, General Manager, IBM Software, India and Software Innovation Lab pushes case-to-case regulatory framework for AI and AI agents i
India working to rebuild ties with China but last word yet to be scripted: Goyal
Indias ties with the US are very good and the two continue to have a consequential relationship, the minister said
Rubio in India from October 18: energy, investment in focus as trade talks drag on
He will meet Jaishankar, senior officials and business leaders; immediate breakthrough in trade deal unlikely, say sources
Groww Q2 profit rises 54% to 725 crore as revenue mix diversifies
Groww has been working to reduce its dependence on equity derivatives by expanding its presence across other business segments, including commodi
West Bengal offers 5,000 and 50 kg rice to families hit by tea garden closures
The festive package will cover workers aged below 60, while the state government also plans to reopen 21 closed tea gardens
India should turn an impediment into an opportunity
Toyota Kirloskar expects better sales to continue till Q1 next year
The additional capacity, which was expected to come up this year, will be at an upcoming third plant in Bidadi. It will have an annual capacity o
People in Tamil Nadu face the highest consumer inflation in September
Official data shows that the gap between TNs and the national inflation has also widened steadily through the year from 0.6 in January to 1.2 per
ISCR and Chakra ink agreement to strengthen clinical research capacity in Maharashtra
Chakra is an initiative of the Maharashtra governments Medical Education and Drugs Department (MEDD), established in April 2025 as a Section 8 co
US dollar hits 18-month high as hotter inflation revives Fed rate hike concerns
Stronger US consumer prices and surging gasoline costs lifted the greenback, while concerns over French debt weighed on the euro.
Reliances Jio Platforms files final IPO prospectus; offer to open on October 21
The offer opens for subscription on Wednesday, October 21, and closes on Friday, October 23. Anchor investor bidding is on Monday, October 19
Hyundai eyes number 2 spot again with Pune expansion, capacity boost and new models
Of the total investment, around 20% each ($3.1 billion) will be allocated to new technologies, including artificial intelligence and startups, an
The Cabinet Committee approves Canadian billionaire Prem Watsa-led firm's bid; deal requires RBI and other regulatory clearances.
ICICI Lombard Q2 net jumps 15.5% at 946.40 crore, combined ratio worsens
During the period under review, the gross premium written grew 9.11% y-o-y at 7,702.09 crore compared with 7,058.86 crore for the corresponding p
SC to hear a plea that de-notifying Jantar Mantar pushes dissent out of sight, out of mind
Protests in Delhis outskirts will be far from the earshot of ordinary citizens and the corridors of power, diminishing their impact, plea says; n
Delhi SIR case: SC agrees to take care of ECI move to restore deleted voters as fresh voters
The application has asked the court to direct the EC to frame an appropriate mechanism for restoration/inclusion of deleted voters without forcin
India believes that it is not getting a level playing field in China; maintaining peace and tranquility along the frontier essential for normal r
IDBI Bank sale: Govt releases FAQs on Fairfax deal, board exit and valuation
IDBI Bank Ltd's 60.72% of total shareholding is being sold through the transaction, comprising 30.48% stake held by the Government of India and 3
Haier India targets 40% festival growth, bets on premium appliances with new launches
Haier Appliances India is banking on premium products, strong regional demand and attractive financing schemes to drive sales during the festival
Rupee continues to rise; tests intraday high of 94.75 against US dollar
Government Securities yields rose, tracking pricey crude oil prices amid step up in attacks by Yemen-based Houthi rebels on Saudi Arabias energy
People delay seeking help for mental health concerns, finds report
The report says only 11.3% reached care within a month of experiencing their concerns
IDBI exit brings 26,337 crore to LIC, but limited upside for shareholders
Despite a substantial cash inflow and a residual 19 per cent stake in IDBI Bank, the transaction is unlikely to materially alter LICs valuation,
CSB Bank merger with IDBI Bank likely after Fairfax deal
Fairfax will either have to sell its 40% stake in CSB Bank or merge it with IDBI Bank, as RBI regulations do not allow an entity to own two banks
Rewin Health launches platform to train differently abled people in everyday skills
The platform combines virtual reality with personalised AI software to help individuals with autism, ADHD, ODD and other learning disabilities bu
The EDs Headquarter Investigation Unit carried out seizure under Section 37A of the FEMA
L&T and TuTr Hyperloop sign MoU to develop advanced mobility solutions
The MoU establishes a framework for jointly exploring and pursuing opportunities in the emerging mobility ecosystem
Indias coffee research body seeks partnership to speed up development of new varieties
It has reached out to private firms, research institutions and growers to improve the yield and quality of coffees
Govt. to roll out National Electricity Data Sharing framework in October: Power Secretary
Power Secretary Pankaj Agarwal added that a data governance committee would also be set up at the national level which would be headed by Chairpe
Govt. to roll out National Electricity Data Sharing framework in October: Power Secretary
Power Secretary Pankaj Agarwal added that a data governance committee would also be set up at the national level which would be headed by Chairpe
HPL subsidiary Adperma inaugurates 6000-crore phenol and acetone plant in Haldia
With an annual capacity of 345,000 tonnes of phenol and 215,000 tonnes of acetone, the facility is the largest of its kind in India
SEBI plans sweeping SME IPO rule changes, raises profit threshold to 3 crore
SEBI has also proposed to replacing the existing paid-up capital-based eligibility criteria with post-issue market capitalisation thresholds
Starlink slowdown in Ukraine to disrupt drone operations and medium-range strikes
Ukrainian troops report connectivity failures at higher speeds, disrupting drone missions that rely on satellite internet to guide aircraft
Q2 Results Today, 14th October 2026 Highlights: Several companies are scheduled to announce their results for the quarter ended September 30, 202
NITI Aayog framework asks States to assess power, water availability before clearing data centres
The framework seeks to help States move beyond competition for investment announcements towards attracting projects that can be supported by avai
NLC to set up BESS projects at multiple locations in West Bengal
NIRL emerged as the successful bidder under Tariff- Based Competitive Bidding and accordingly has received Letter of Award from WBSEDCL for the d
Steel prices rise for third consecutive month on cost push
The ongoing geo-political uncertainty has pushed up cost on imported key raw materials including coking and thermal coal, ferro-alloys besides th
How Bengaluru startup Aaahara is taking botanical foods global
The company leverages cryogenic technology to process spices; ships products to New Zealand, Netherlands and eyes markets in the US, Australia
India-Mauritius pact brings in Principal Purpose Test
The amendment introduces a treaty-level safeguard against abuse, while investments made before April 1, 2017, remain outside the tests scope
SEBI sees greater AIF flexibility, shifting more responsibility to industry
Accredited investor pool could expand to 4 lakh from 2,000 as regulator prepares to notify changes to framework
Jio Platforms IPO: Issue opens on October 21, anchor bidding on October 19
The companys red herring prospectus outlines the subscription schedule and reserved share allocations for eligible employees and Reliance Industr
Wholesale inflation jumped to 11.4% in Sept
The jump was broad-based, led by food, fuel and other commodities, while core inflation climbed to a record 9.8%
SEBI panel to review CAS feedback as market favours existing VWAP settlement method
Market participants seem to favour retaining existing method for derivatives settlement prices for at least a year before shifting to a blended c
Over $3.5 trillion of AI Infrastructure spending may be exposed to impairment by 2030: Gartner
Based on Gartner projections, a continued AI infrastructure investment trajectory could leave more than $4 trillion in asset value exposed to wri
Netflix to cut 1,000 jobs in biggest layoff round since 2022
The streaming giant will largely reduce headcount across product, technology, legal and human-resources teams, according to a media report.
Aegis Logistics to acquire 89.8% stake in Dubai-based Tristar for 7700 crore
The acquisition will be undertaken through Aegis Logistics International Pte Ltd, the companys wholly owned step-down subsidiary
Cabinet approves 2,010 cr bonus for over 11 lakh railway employees
The payment of PLB, which is disbursed each year before the Durga Puja/Dusshera holidays, acts as an incentive to motivate the railway employees
WPI shock and crude keep rally in check
The Nifty 50 closed at 22,622.70, down 99.25 points or 0.44%, while the Sensex fell 251.89 points to end at 72,781.89
TTD ghee adulteration fraud: ED attached assets worth 129 cr
To clean the books, the palm oil consumed was shown as sold to bogus buyers, while fictitious purchases of milk and ghee and fictitious sales of
Tata Trusts row: Noel, son Neville Tata move Bombay HC and Mumbai civil court with caveats
Both the father and son moved the courts with their caveats on October 7, as per official records
Coppers bullish momentum likely to continue for a few more months
The Iran war, supply-demand imbalance and threat of US tariffs are expected to keep the red metal price elevated
Sigma and Munitions India partner to build in-flight trajectory-changing artillery fuses
Through the MoU, Sigma looks to achieve integration and indigenous manufacturing of its 155 mm artillery CCF
Gem, jewellery exports up 9% on better demand
They increased by 3% in the first half of the current fiscal $14.30 billion
Personal loan closure: How long does it take for your credit score to improve?
A credit score may not rise immediately after the final EMI; lenders must first report the loan closure to credit bureaus.
Lemonn adds commodity derivatives, enters MCX with six metals and energy contracts
The new offering covers non-agricultural commodities, including precious metals gold and silver, base metals copper, zinc and aluminium, and ener
Cabinet expands disability pension coverage to 27 lakh, raises monthly assistance
The Centre has renamed Indira Gandhis old-age, widow and disability pension schemes under new Pradhan Mantri schemes, alongside renaming the Nati
Aswagessoar,Kashmirsapplegrowerscountthecost
The sharp rise in labour costs is adding to the financial pressure on growers, who depend on hired workers to pick and transport their produce wi
Hotel Leelas net profit grows 27% to 94.6 crore
The hotel chain said the increase in room rates was supported by strong demand across segments and suite occupancy rose by 700 basis points
Hyundai to invest 4,000 crore in Maharashtra, double Pune plant capacity by 2030
The expansion is part of Hyundais broader India strategy, which includes 26 new models, electric vehicles and greater localisation of components.
Toyota Kirloskar to ramp up Bidadi production from early 2027, add 1 lakh units of capacity
The expansion will complement the automakers existing Karnataka operations and a separate Maharashtra facility planned for completion in 2029.
Gopalan Aerospace invests $40 million in Hoskote facility, targets 50% annual growth
The launch took place in the presence of Karel Havlek, Deputy Prime Minister and Minister of Industry and Trade of the Czech Republic, and C. Pra
Bajaj Broking rolls out algorithm trading platform for retail investors
The platform offers users two routes: ready-made, exchange-registered strategies developed by SEBI-registered Research Analysts, or custom strate
Maharashtra to deposit 5,000 in farmers accounts ahead of Diwali as drought-hit talukas rise to 305
The state has widened its drought response with financial assistance, debt relief measures, safeguards against loan recovery and steps to secure
1 lakh in your PF account: How much can you withdraw 25,000, 50,000 or 75,000? Know the rules
EPFOs new EPF rules group partial withdrawals into essential needs, housing and special circumstances, with a 12-month minimum membership require
Canara Bank Q2 net profit rises 8.4% to 5,175 crore
The banks global business grew 15.88 per cent year-on-year to 30.72 lakh crore as of September 30, 2026, driven by a 19.46% increase in global ad
EPF withdrawal rules: Form 121 replaces Forms 15G and 15H from April 2026
From April 1, 2026, Form 121 replaces Forms 15G and 15H for eligible taxpayers seeking TDS relief on specified income, including qualifying EPF w
India-Mauritius tax treaty amended to curb treaty abuse; PPT test introduced
The change places greater emphasis on the purpose and commercial substance of transactions when authorities assess claims for treaty relief.
CCEA approves IDBI Bank stake sale to Fairfax for 52,878 crore; govt, LIC to receive proceeds
The successful bidder will be required to present its credentials to the Reserve Bank of India in accordance with the Fit and Proper Assessment c
This brings to a close a process that has stretched over five years, marking a significant step in the government's efforts to reduce its ownersh
Mukhyamantri Ladli Behna Yogna: MP CM to release 41st installment today, here's how to check payment
Madhya Pradesh Chief Minister's Ladli Behna Yojana will be released on Wednesday, October 15. About 1.25 crore women will be receiving money tran
Margin caps on cancer drugs, could there be more on the anvil? Explained
The Centre has cracked down on steep cancer drug prices, under the watch of the Supreme Court,and the coming weeks will unravel granular details
