facebook
SENSEX
NIFTY
GOLD
USD/INR

Weather

image 21    C

Company

...

Compass Files Suit Over California Home Listing Service Rules

Compass Inc., the top US broker for residential properties, sued Californias largest real estate listing service in the latest escalation of a broader legal fight over timely access to information about homes for sale.

Livemint 17 Oct 2026 12:57 am

Panasonic reverses stand on Indianising top deck, offers key roles to expats

Panasonic has recently appointed Japanese executives to senior roles in its Indian operations. The company is restructuring its leadership back to an expat-led model after focusing on Indian leadership. Former executives, such as Manish Sharma and Sandeep Sehgal, have left the company, leading to significant changes in strategy. Panasonic has downsized its operations and streamlined its product offerings to focus on air-conditioners.

The Economic Times 17 Oct 2026 12:52 am

HSBC has used over half of $1-billion startup fund within a year: Global innovation banking head David Sabow

HSBC has deployed more than half of its $1 billion loan commitment to Indian startups within a year of launching its innovation banking platform. The British lender has reported strong demand across consumer technology, e-commerce and enterprise software, and is open to increasing its funding allocation. HSBC Global Head of Innovation Banking David Sabow said the bank expects to add at least 500 clients in India over the next year.

The Economic Times 17 Oct 2026 12:38 am

Film Rights Veteran Sajid Qureshi Enters Heritage Hospitality with Ooty's Mowbray

New Delhi [India], October 16: The man who has moved more than 2,500 films into living rooms is now moving into movie entertainment industry at Ooty with blockbuster movies.

Business Standard 17 Oct 2026 12:35 am

Motor insurers seek third-party premium deregulation, end to knock-for-knock pacts

In responses to the regulator's consultation paper on insurance distribution reforms, some industry participants said automobile manufacturers and dealers influence commissions, discounting and repair costs, which could blunt the impact of the proposed curbs on intermediary remuneration, according to people aware of the matter.

The Economic Times 17 Oct 2026 12:12 am

Insurance changes positive, give the companies time to adapt: Theodoros Kokkalas, ERGO International

Theodoros Kokkalas, chief operating officer of ERGO International said greater predictability would help insurers make long-term business plans. We make plans, and today making long-term plans is like science fiction in the dynamic environment that we live in, he said. While India's general insurance industry is struggling to bring its combined ratio below 100%, with the industry average at 110-115% and ERGO is targeting a ratio of 80-85%, Kokkalas said there was no standard timeline for a market to reach that level.

The Economic Times 17 Oct 2026 12:06 am

Menstrual hygiene a fundamental right: Supreme Court warns states of contempt

The Supreme Court has mandated the central government to provide details on the implementation of menstrual hygiene rights. This ruling emphasises that menstrual hygiene is crucial for Article 21 of the Constitution. The court is apprehensive about the effective execution of this directive in remote areas. Chief secretaries from non-complying states may face contempt proceedings for failing to respond.

The Economic Times 16 Oct 2026 11:58 pm

Urban Company Q2 net loss widens to 182.48 crore; revenue up 41.4%

Urban Company's Q2 FY27 net loss widened to 182.48 crore despite a 41.4% rise in revenue to 537.29 crore. Its board approved a fundraise of up to 2,500 crore through QIP.

Business Standard 16 Oct 2026 11:54 pm

US fiscal 2026 budget deficit rises to $1.99 trillion, largest in 5 years

The US budget deficit for fiscal 2026 rose to $1.99 trillion, driven by increased tariff refunds and spending. Total spending for the year reached a record $7.40 trillion, while total receipts were $5.40 trillion. Net tariff receipts fell significantly, contributing to the deficit increase as refunds reached $145 billion. The debt-service outlays recorded a new high of $1.36 trillion during this fiscal year.

The Economic Times 16 Oct 2026 11:53 pm

Accenture sets 2,700 per employee monthly limit on Claude AI usage after some rack up bills of over 94,000

The new arrangement means employees on the standard plan will have to work within the allocated budget or seek additional funding to continue using the tool beyond the prescribed limit.

Livemint 16 Oct 2026 10:59 pm

UCIL bets on greenfield mines, copper residue to double uranium output by 2036

UCILs production expansion plan comes as India seeks to increase domestic uranium availability to support its growing nuclear power programme.

The Hindu 16 Oct 2026 10:53 pm

Valuation of businesses run by under-35s rises 23% to Rs 48 lakh crore: Hurun report

The total valuation of businesses run by individuals under 35 in India rose significantly this year. The number of young business leaders increased from 155 to 180, showing notable growth. A total of 37 companies on the list are valued at over $1 billion, employing more than 5.88 lakh people. Meanwhile, the emergence of founders in the artificial intelligence sector has quadrupled.

The Economic Times 16 Oct 2026 10:41 pm

World Bank ups India's GDP growth projection to 7.1% for FY27

India's exports have performed better than expected and are likely to provide the main upside to the FY27 growth outlook relative to the April forecasts, World Bank said in a report

The Hindu 16 Oct 2026 10:40 pm

Urban Company prioritizes InstaHelp growth as losses widen

Revenue rose 41.4% in the September quarter, but InstaHelps 174 crore adjusted Ebitda loss dragged down overall profitability as the company pursued expansion and prepared a 2,500 crore fundraise.

Livemint 16 Oct 2026 10:39 pm

Oberoi Realty profit remains flat at 761 crore, revenue declines 6%

The Mumbai-based developer reported a 6.1 per cent decline in Q2 revenue to Rs 1,670.95 crore, while booking value stood at Rs 9,149.69 crore during the quarter

Business Standard 16 Oct 2026 9:53 pm

Karur Vysya Bank targets 18-20% credit growth in FY27, corporate lending capped at 20%

Karur Vysya Bank (KVB) aims for 18-20 percent growth in total advances for the fiscal year 2027. The bank focuses on retail, agriculture, and MSME lending, which constitutes 86 percent of its advances. Though corporate lending will be increased, high-value loans will be capped at 20 percent going forward. Gold loans are expected to see significant growth supported by lower borrowing costs.

The Economic Times 16 Oct 2026 9:52 pm

Yes Bank weighs next steps after SC upholds verdict on AT-1 bond write-down

Yes Bank is examining the Supreme Court ruling regarding the write-down of Additional Tier-1 bonds. The Supreme Court upheld a prior Bombay High Court decision that quashed the bank's March 2020 action. Following the judgment, the bank is considering its legal options and future steps. The Reserve Bank of India and Yes Bank had previously appealed the High Court's ruling.

The Economic Times 16 Oct 2026 9:52 pm

Bajaj Housing Finance Q2 profit rises 18% to 757 cr, income up 18.3%

Bajaj Housing Finance reported an 18% rise in Q2 FY27 net profit to 757 crore, while total income grew 18.3% to 3,251 crore and assets under management increased 25% to 1.58 trillion.

Business Standard 16 Oct 2026 9:51 pm

Mphasis extends Social Security Scotland deal in 35.4 million contract

The contract extension strengthens Mphasis presence in the public-sector technology services market in Europe, while deepening its role in supporting large-scale digital platforms that underpin essential citizen services.

The Hindu 16 Oct 2026 9:34 pm

ADB, Japan to finance AM Green Ammonias project

The project will convert a former ammonia and urea plant from natural gas fuelled production to renewable-powered green ammonia, with capacity to produce about 1.1 million tonnes per year

The Hindu 16 Oct 2026 9:22 pm

Bengaluru space-tech firm The Guild unveils 150-acre rocket testing facility near Sriharikota

Ethereal Exploration Guilds new facility will support development of its fully reusable medium-lift launch vehicle.

The Hindu 16 Oct 2026 8:56 pm

From Operation Sindoor to ADAS: Tonbo Imaging takes battlefield technology to civilian applications

Tonbo Imaging is leveraging its advanced military imaging systems to enhance road and railway safety as it prepares for a major IPO

The Hindu Businessline 16 Oct 2026 8:50 pm

Bharat D2C Conclave 2026: From the 100 crore playbook to AI-led advertising and omnichannel strategies, founders on scaling Indias consumer brands

Inside the Bharat D2C Conclave 2026, which brought founders, investors and policymakers together to discuss the business decisions shaping Indias direct-to-consumer (D2C) ecosystem, from scaling revenues and expanding distribution to using customer data and navigating regulatory requirements.

The Economic Times 16 Oct 2026 8:35 pm

RBI approves merger of Emirates NBDs India branches with RBL Bank from 1 December

The move consolidates the Dubai-based lenders Indian operations with RBL Bank after its over 26,000-crore acquisition of a 60% stake, as the private lender plans to expand branches and deepen its corporate and wealth businesses.

Livemint 16 Oct 2026 8:19 pm

FSSAI issues notice to Gemini Edibles over rice bran oil claims, flags Delhis Radisson Blu hotel

The regulator cited unpermitted cholesterol claims, hygiene deficiencies, pest activity and food-handling lapses in its latest enforcement actions against food businesses

The Hindu Businessline 16 Oct 2026 8:12 pm

Urban Company net loss widens in Q2, revenue up 41.4%

The companys board also approved raising up to 2,500 crore through the issue of equity shares or other convertible securities via qualified institutional placement (QIP), subject to shareholder approval.

The Hindu Businessline 16 Oct 2026 7:44 pm

Chandrasekaran, P.B. Balaji to join Iveco board as Tata deal reaches final stage

While N. Chandrasekaran will join as Ivecos chairperson, P.B. Balaji and Girish Wagh Wagh will join as non-independent directors.

Livemint 16 Oct 2026 7:41 pm

RapidCanvas raises $29 million in Series B round led by Vertex Ventures

The funding takes RapidCanvas' total capital raised to $52.5 million and will support expansion of its go-to-market teams, field AI engineering operations and partner network.

Business Standard 16 Oct 2026 7:39 pm

Cult.fit receives Sebi approval for proposed IPO

Cult.fit has received Sebi observations for its proposed IPO, comprising a fresh issue of up to Rs 950 crore and an offer for sale. Revenue rose 36.26% in FY26, while adjusted EBITDA margin improved significantly as fitness operations expanded nationwide.

The Economic Times 16 Oct 2026 7:32 pm

LTM dividend, Q2 results 2026 alert: 25 per share payout, net profit slips 5% QoQ; check record date

LTM reported Q2 FY27 net profit of 1,397.9 crore, down 4% quarter-on-quarter, while revenue rose 13.6% year-on-year to 11,807.6 crore. The company declared an interim dividend of 25 per share, with October 23, 2026, set as the record date.

Livemint 16 Oct 2026 7:31 pm

Snabbits FY26 loss widens 29-fold to 168 crore

Snabbit has raised $112 million across five funding rounds and was valued at $377 million following its Series D round

The Hindu Businessline 16 Oct 2026 7:29 pm

Ola Electrics 1,000 crore rights issue uncovers SEBI scrutiny, audit deficiencies

As Aggarwal announces 150 dealers, the EV makers offer document reveals allegations over sales and network claims, internal audit gaps

The Hindu Businessline 16 Oct 2026 7:27 pm

RBI approves Emirates NBD merger with RBL Bank from December 1: 5 key things to know

RBI has approved the merger of Emirates NBDs Indian branches with RBL Bank from 1 December 2026. The decision follows Emirates NBDs 26,000 crore investment for a 60% stake in RBL Bank, completed in June 2026.

Livemint 16 Oct 2026 7:25 pm

Snabbit's expansion push comes at a cost as FY26 losses hit 168 crore

Snabbits FY26 loss widened nearly 30-fold to 167.75 crore as spending on workers and marketing outpaced revenue, while the economics of scaling instant home-help remain challenging.

Livemint 16 Oct 2026 7:21 pm

Q2 Results Highlights: Urban Companys loss widens; Bajaj Housing Finance PAT rises 18%; PNB, DLF, Oberoi, Crompton Greaves, Ujjivan SFB and Federal Bank post profit growth

Q2 Results Highlights, 16th October 2026: Stay tuned to get real-time market, business and financial news updates

The Hindu Businessline 16 Oct 2026 7:19 pm

RBI approves merger of Emirates NBD's India branches with RBL Bank

The Reserve Bank of India has approved the merger of Emirates NBD Bank's Indian branches with RBL Bank. This amalgamation will officially take effect on December 1, 2026, according to the central bank's announcement. Emirates NBD Bank initially opened its first Indian branch in Mumbai in 2017, expanding later to Gurugram and Chennai. The Finance Ministry had previously approved Emirates NBD's acquisition of a significant stake in RBL Bank.

The Economic Times 16 Oct 2026 7:14 pm

DLF Q2 profit rises to Rs 1,301 crore as luxury project sells out

DLF reported a 11% year-on-year increase in July-September net profit to Rs 1,301 crore, with sales bookings reaching Rs 3,800 crore. Its Aureva luxury retirement project in Gurugram sold out, while the company maintained a strong net cash position.

The Economic Times 16 Oct 2026 7:10 pm

Ujjivan SFB to raise Rs 409 crore from IFC, three insurers

Ujjivan Small Finance Bank plans to raise Rs 409 crore through a preferential share allotment to IFC and three insurers at Rs 64.73 per share. The bank also reported a 200% year-on-year jump in Q2 net profit to Rs 365 crore.

The Economic Times 16 Oct 2026 7:07 pm

Gold price, silver rate suffer weekly losses. Check latest gold rate predictions

Gold rate, silver price were up on Friday but both precious metals were jolted by weekly losses.

The Economic Times 16 Oct 2026 7:05 pm

Ethereal Exploration Guild unveils 150-acre facility for reusable rocket development

Located about 40 km from Sriharikota, the facility will bring engine testing, vehicle integration, manufacturing and refurbishment capabilities together under one roof

The Hindu Businessline 16 Oct 2026 6:57 pm

SIMCA enters airport advertising market with 5 lakh monthly Shirdi deal

The contract is for an initial 24-month period from the date of execution, with a possible extension up to 36 months at MADC's discretion. The estimated consideration is 5 lakh per month, plus applicable taxes.

Livemint 16 Oct 2026 6:51 pm

Raymond Lifestyle Launches The Wedding Atelier, The First Ever Collective for Luxury Wedding Planners

Mumbai (Maharashtra) [India], October 16: Raymond Lifestyle hosted a one-of-a-kind luxury gathering dedicated to the country's most celebrated bespoke wedding planners and an invitation-only soiree at The Chairman's Collection Flagship store in Bandra. Reckoned for being integral to weddings, this unique event is conceptualised to bring together over 40 of the planners behind India's extraordinary weddings, creating a rare space for collaboration, inspiration, and discovery.

Business Standard 16 Oct 2026 6:40 pm

Federal Bank Q2 profit jumps 45% to record Rs 1,386 crore

Federal Bank posted record Q2 profit of Rs 1,386 crore, up 45% year-on-year, as net interest income climbed 26%. Advances grew 22% and deposits 19%, while asset quality improved, with gross NPAs declining to 1.32% during the September quarter.

The Economic Times 16 Oct 2026 6:39 pm

Funskool eyes 400 crore turnover amid China dependence

China dependence, short product cycles and labour attrition pose hurdles to scaling toy manufacturing; Funskool plans a Ranipet and Goa expansion, explores automation and seeks to strengthen its manufacturing capabilities

The Hindu 16 Oct 2026 6:30 pm

AI drives 70% of orders on ecom platform Meesho via personalised ranking

Meesho's AI-powered Prism drives nearly 70% of orders, while its Chorus agent handles 60% of user queries as the e-commerce platform expands AI adoption across operations

Business Standard 16 Oct 2026 6:28 pm

Embraer announces deal to acquire 51% stake in Mahindra Group's Novavayu Aerospace: All you need to know

Embraer has agreed to acquire a 51% stake in Mahindra Group-owned Novavayu Aerospace Limited, with the deal expected to close by December 1, 2026. The investment is set to expand Embraers presence in Indias commercial aviation and defence sectors.

Livemint 16 Oct 2026 6:20 pm

Built Around You: How Customer Voices Are Shaping the Ai+ Smartphone Experience

New Delhi [India], October 16: Ai+ Smartphone is strengthening its customer-first approach by incorporating real user feedback into product and service improvements. Drawing insights from customer reviews, everyday device usage and after-sales interactions, the brand is addressing concerns related to camera stability, connectivity and performance through software updates, enhanced testing and more responsive customer support. This approach reflects Ai+ Smartphone's commitment to building not just for its users, but with them.

Business Standard 16 Oct 2026 6:00 pm

Tata Play launches streaming app to cater to connected TV households

The company said that the Tata Play Smart app will offer over 500 live channels without the need for a set-top box or dish antenna

The Hindu Businessline 16 Oct 2026 5:57 pm

Kotak Mahindra Bank among 5 stocks that hit 52-week highs & rallied up to 15% in a month

Five BSE 500 stocksShyam Metalics, PVR Inox, Kotak Mahindra Bank, Indian Hotels and Laurus Labshit fresh 52-week highs as the Sensex gained 413 points. All five stocks posted monthly gains of around 8% to 15%, signalling positive momentum.

The Economic Times 16 Oct 2026 5:56 pm

HDFC, ICICI Bank Q2 earnings preview: deposit surge, margin pressure in focus

When HDFC Bank and ICICI Bank report their Q2 earnings on Saturday, investors will closely track their net interest margins, credit costs and management commentary on growth.

Livemint 16 Oct 2026 5:56 pm

LTM Q2 Results: PAT remains flat at Rs 1,380 crore; revenue rises 14% YoY; co declares Rs 25 per share dividend

LTM reported a marginal 0.1% decline in Q2 FY27 profit to Rs 1,379.9 crore, while revenue rose 13.6% to Rs 11,807.6 crore. Enterprise AI and Business AI revenue grew 47%, and the company declared an interim dividend of Rs 25.

The Economic Times 16 Oct 2026 5:53 pm

DLF Q2 net profit rises 10% to 1,301 cr, revenue climbs to 2,297 cr

DLF reported a 10 per cent rise in consolidated net profit to 1,301.35 crore in Q2 FY27, while total income increased to 2,297.30 crore from 2,261.80 crore a year earlier.

Business Standard 16 Oct 2026 5:32 pm

Federal Bank's Q2FY27 results: Net profit rises 45% to 1,386 crore

The private sector lender reported a 26.4% rise in net interest income, a 26-basis-point expansion in margins and improved asset quality, with gross advances crossing Rs 3 trillion

Business Standard 16 Oct 2026 5:25 pm

Iveco Group shareholders approve Tata Motors' takeover proposals

Iveco shareholders approve takeover-related resolutions, lowering the minimum acceptance threshold to 80 per cent; Tata Motors' 3.91 billion tender offer is set to close on October 26

Business Standard 16 Oct 2026 5:23 pm

Federal Bank Q2 net profit jumps 45 pc on FCNR deposits

Federal Bank reported a 45% rise in Q2 FY27 net profit to 1,386 crore, aided by $1.5 billion raised through FCNR(B) deposits, while net interest income grew 26% to 3,153 crore

Business Standard 16 Oct 2026 5:04 pm

Shoppers Stop posts net profit of 3.11 cr in Q2, revenue grows 9%

Shoppers Stop reported a net profit of 3.11 crore in Q2 FY27 against a loss of 20.11 crore a year ago, while revenue rose 8.72% to 1,366.27 crore, driven by its premiumisation strategy.

Business Standard 16 Oct 2026 4:59 pm

India's First-Ever 500-Drum Bhakti Jamming Experience Comes to Mumbai with Maha Bhakti Rhythm Yatra

Mumbai (Maharashtra) [India], October 16: National award-winning, 8th-generation Kathak exponent Dr. Vinod Hasal, who took Kathak to South Africa in the Nelson Mandela era, invites Mumbai to leave all its stress behind at a bhakti jam with 500 drums, a djembe for every seat and loved voices from Sa Re Ga Ma Pa, Bigg Boss and Bollywood, with proceeds going towards ISKCON Kharghar's new auditorium.

Business Standard 16 Oct 2026 4:55 pm

Bajaj Housing Finance Q2 Results: PAT rises 18% YoY to Rs 757 crore, AUM grows 25%

Bajaj Housing Finance reported an 18% year-on-year rise in Q2 FY27 profit to Rs 757 crore, while net interest income increased 10%. Assets under management grew 25% to Rs 1.58 lakh crore, with asset quality remaining largely stable.

The Economic Times 16 Oct 2026 4:52 pm

OfBusiness's AI-powered BidAssist expands reach beyond India's big cities

More than 60% of BidAssist's 1.7 million users are in Tier-II and Tier-III cities. The AI-powered platform tracks over 50,000 live tenders daily to help SMEs identify orders and assess bids

Business Standard 16 Oct 2026 4:47 pm

Urban Company Q2 Results: Loss widens to Rs 182 crore; revenue jumps 41% YoY

Urban Company reported a net loss of Rs 182 crore in Q2FY27 as investments in its quick services business, InstaHelp, weighed on profitability. Revenue rose 41% year-on-year to Rs 537 crore, while orders grew 103%. The company also approved a fresh capital raise of up to Rs 2,500 crore, subject to shareholder approval.

The Economic Times 16 Oct 2026 4:39 pm

Market wrap: Tech Mahindra, TCS, InterGlobe, BSE top gainers and losers on Nifty and Sensex on Friday

Indian equities extended gains as strong IT earnings lifted sentiment, with the Nifty rising 149 points to 23,146 and Sensex gaining 413 points. Tech Mahindra led advances, while broader markets slipped. Analysts flagged 23,000 as crucial for further upside.

The Economic Times 16 Oct 2026 4:34 pm

Who is Uday Ruddarraju? Hyderabad-educated tech leader takes charge of OpenAIs computing business

Uday Ruddarraju, who joined OpenAI in 2025, was named chief technology officer for compute in July 2026.

Livemint 16 Oct 2026 4:20 pm

Swiggy completes sale of Lynks Logistics to Trustroot Internet

Swiggy Limited has completed the sale of its shareholding in Lynks Logistics Limited to Trustroot Internet Private Limited. The transaction was executed through its subsidiary, Swiggy Networks Limited, and concluded on October 15, 2026. This sale follows previous communication from Swiggy on September 7, 2026, about the intended transaction. Consequently, Lynks Logistics is no longer a subsidiary of either Swiggy Networks or Swiggy Limited.

The Economic Times 16 Oct 2026 3:58 pm

ITC Hotels expands NCR presence with 104-key 'Welcomhotel' in Manesar

ITC Hotels Ltd on Friday announced the signing of a 104-key Welcomhotel in Manesar, Gurugram, strengthening the brand's presence in the National Capital Region (NCR). Anil Chadha, Managing Director, ITC Hotels, said, As hospitality demand continues to evolve beyond traditional gateway cities, we remain focused on identifying destinations that offer strong long-term growth potential. Welcomhotel in Manesar is a strategic addition to our portfolio, bringing together a high-growth location, robust connectivity, and a thriving events market. The hotel's connectivity to key economic centres located in Delhi, Gurugram, Noida and Faridabad will enable it to capture growing demand from both corporate and social segments, while offering a less congested and more destination-oriented environment, ITC Hotels said in a statement. ITC Hotels currently has a presence across India, Sri Lanka and Nepal through a portfolio of more than 155 properties and over 14,200 keys.

Business Standard 16 Oct 2026 3:57 pm

Omaxe inks pact with Lemon Tree to manage 10 upcoming hotels worth 4,000 cr

The 10 projects span across Lucknow, Vrindavan, Amausi, Ghaziabad, Greater Noida, Amritsar, Kaushambi and Faridabad.

The Hindu Businessline 16 Oct 2026 3:51 pm

De Beers and Forevermark Diamond Jewellery Bring Jaipur's Royal Legacy into a New Chapter

Jaipur (Rajasthan) [India], October 16: Against the historic setting of Jaipur's City Palace, De Beers brought together heritage, contemporary culture and diamond jewellery for a landmark event that celebrated two significant new chapters for natural diamonds in India. The evening presented His Highness Sawai Padmanabh Singh of Jaipur as De Beers Group's advocate for natural diamonds in India, while Forevermark Diamond Jewellery marked its first anniversary in India with a new festive campaign featuring Princess Gauravi Kumari of Jaipur. Together, the two moments reflected De Beers' vision, from the natural origin, rarity and authenticity of diamonds to their contemporary expression through jewellery, design and personal style.

Business Standard 16 Oct 2026 3:50 pm

Yes Bank may take a blow in core capital ratio

The Economic Times 16 Oct 2026 3:47 pm

HoABL launches ultra-luxury villa project in Himachal Pradeshs Mashobra at 9.5 cr onwards

The project is positioned around a longevity and wellness theme, incorporating cryotherapy, red-light therapy and hyperbaric oxygen treatments in partnership with Evavo Wellness

The Hindu Businessline 16 Oct 2026 3:39 pm

Magicbricks names ex-CarDekho executive Mayank Jain as CEO, effective Oct 1

Real estate classifieds Magicbricks has appointed Mayank Jain as chief executive officer (CEO), effective October 1. In a statement on Friday, Magicbricks, one of the leading property platforms, said Jain has joined from CarDekho, where he served for over five years as CEO of Auto Classifieds. Jain has more than two decades of experience across digital, media, technology and consumer businesses. At Magicbricks, Mayank will focus on accelerating the company's next phase of growth by leveraging its digital capabilities, advancing technology-led innovation and strengthening its consumer-centric approach, the company said. His priorities would include driving business transformation, improving operational and financial performance, and further reinforcing Magicbricks' position in India's evolving real estate ecosystem, it added. Jain holds an MBA from INSEAD, a PGDM from Management Development Institute (MDI), Gurgaon, and a degree in Computer Engineering. He will be based at ...

Business Standard 16 Oct 2026 3:36 pm

IDBI Bank sale to Fairfax enters final lap, RBI nod now key: DIPAM

The strategic sale of IDBI Bank to Canadas Fairfax Financial Holdings is expected to be completed by the end of FY27, subject to RBI approval, DIPAM Secretary Arunish Chawla said. Fairfax will acquire a 60.72% stake from the government and LIC for about Rs 53,000 crore, in what the government described as a major step in the banks long-delayed privatisation.

The Economic Times 16 Oct 2026 3:33 pm

Omaxe, Lemon Tree ink pact to manage 10 upcoming hotels worth 4,000 cr

Realty firm Omaxe Ltd has signed an initial pact with Lemon Tree Hotels' arm to manage 10 hospitality projects being developed by the company with an investment of Rs 4,000 crore. In a regulatory filing on Friday, the company informed that it has entered into an MoU (Memorandum of Understanding) with Carnation Hotels Pvt Ltd, a wholly-owned subsidiary of Lemon Tree Hotels, to operate 10 hotel projects across India, comprising 4,000 keys. The 10 projects entail an estimated investment of about Rs 4,000 crore and span Lucknow, Vrindavan, Amausi, Ghaziabad, Greater Noida, Amritsar, Kaushambi and Faridabad. This is part of Omaxe's planned Rs 6,200 crore investments to develop 19 hospitality projects across five states. Mohit Goel, Managing Director, Omaxe Ltd, said, India's hospitality opportunity is expanding beyond established metropolitan markets, with Tier 2 and Tier 3 cities emerging as important destinations for business, leisure and pilgrimage travel. He noted that temple tow

Business Standard 16 Oct 2026 3:30 pm

Yes Bank Q2 preview: Will strong profit, NII growth offer relief for investors amid AT-1 bond saga?

Yes Bank is expected to post a 48% YoY jump in Q2 net profit to Rs 969 crore, driven by robust loan growth and higher NII. However, investor focus remains on the Supreme Court ruling invalidating its Rs 8,415 crore AT-1 bond write-off, which has pressured the stock.

The Economic Times 16 Oct 2026 3:28 pm

Laurus Labs shifts gears as CDMO emerges as key growth driver; Nuvama sees 24% upside

Nuvama Institutional Equities has initiated coverage on Laurus Labs with a Buy rating and a target price of Rs 2,520, implying a 24% upside from the current market price. The brokerage expects the drugmakers shift from its traditional anti-retroviral (ARV) business towards contract development and manufacturing (CDMO) to drive its next phase of growth.

The Economic Times 16 Oct 2026 3:22 pm

Snabbit operator posts 168 cr loss in FY26; revenue rises to 12.25 cr

Maestroedge Solutions' revenue from operations rose to 12.25 crore in FY26, while total expenses jumped to 194.76 crore, led by service provider costs, marketing and employee benefits

Business Standard 16 Oct 2026 3:20 pm

Cornerstone Ventures eyes $250 million third fund in 2027

Cornerstone Ventures is also looking to exercise the greenshoe option on its second fund which has $250 million as the upper limit

Livemint 16 Oct 2026 3:20 pm

AI startup RapidCanvas raises $29 million led by Vertex Ventures

RapidCanvas will use the Series B funding led by Vertex Ventures SEA & India to expand its go-to-market and AI engineering teams as investors look to AI-led challengers to traditional services firms.

Livemint 16 Oct 2026 2:48 pm

Ambani taps Reliance's 420,000 employees to boost Jio IPO participation

The conglomerate has reached out to staff across its group companies and encouraged them to open trading accounts, as Mukesh Ambani seeks to build interest in the proposed $3.2 billion listing

Business Standard 16 Oct 2026 2:48 pm

Jindal Steel arm commissions Phase-I cargo terminal in Odisha

The start of commercial operations in Paradip will help Jindal Steel secure dedicated long-term access to the port

The Hindu Businessline 16 Oct 2026 2:38 pm

Mukesh Ambani taps massive Reliance workforce to boost Jios record IPO

Mukesh Ambani is mobilising Reliance Industries workforce to boost interest in Jio Platforms record IPO. The conglomerate has encouraged employees to consider investing, released October salaries early and set aside shares for eligible employees and Reliance shareholders.

The Economic Times 16 Oct 2026 2:33 pm

RBI gives NoC to PFC-REC merger

The merger of REC into PFC would create a financing entity with an aggregate loan book ofover 11 lakhcrore

The Hindu Businessline 16 Oct 2026 2:10 pm

YES Bank's comeback has a ghost problem

The Economic Times 16 Oct 2026 2:08 pm

Yami Gautam reveals Dhurandhar cameo fees, says kuch cheezon ka mol nahi hota. Watch

Yami Gautam has dismissed reports that she received a hefty cheque for her cameo in Dhurandhar: The Revenge. On Madhuri Dixit's Kon Honaar Crorepati, she said working with director Aditya Dhar was priceless.

The Economic Times 16 Oct 2026 2:05 pm

Dont let race-day anxiety hold you back: Prepare to run, Hyderabad

Anxiety cant be controlled before the starting line. Breaking your preparation into small tasks can help you reduce it and prepare you for D-Day.

The Economic Times 16 Oct 2026 2:05 pm

In 2017, Big Sean paid $8.7 million for Slashs Beverly Hills mansion and renovated it; four years later, he sold it for $11.1 million, a $2.4 million price increase

In 2017, Big Sean purchased a mansion in Beverly Hills previously owned by Slash for $8.7 million. After four years of renovations, he sold the property for $11.1 million in 2021, achieving a profit. The renovations included updating the design to reflect a more contemporary style and enhancing the home studio. The property featured seven bedrooms, 7.5 bathrooms, and also included entertainment areas.

The Economic Times 16 Oct 2026 2:00 pm

Jemimah Rodrigues named Switzerland Tourisms Friendship Ambassador for India

Jemimah Rodrigues has been named the Friendship Ambassador by Switzerland Tourism to reach Indian travellers. As a prominent cricket player, she expresses excitement about her new role and connecting with people. Switzerland Tourism's CEO noted that Rodrigues embodies the spirit of today's curious and confident Indian traveller. Their partnership aims to promote authentic experiences for those visiting Switzerland. Rodrigues looks forward to sharing her experiences with her followers in India.

The Economic Times 16 Oct 2026 1:58 pm

HDFC Life shares slip despite analyst upgrades after steady H1 results

The stock touched an intraday low of 532.60 before recovering, with traded volume of 33.57 lakh shares worth 181.62 crore by 1.17 pm

The Hindu Businessline 16 Oct 2026 1:54 pm