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D-St set for a positive opening as GIFT Nifty signals firm start
On Thursday, market indices Nifty and Sensex experienced notable advances, illustrating a surge in local investor confidence. The Nifty surpassed the 23,000 mark, buoyed by strong domestic demand and robust tax revenue. Experts predict that the market may undergo a period of consolidation amid recovery efforts and selling pressures. While foreign portfolio investors engaged in net selling, domestic institutions stepped up as net buyers.
Gujarat Dy CM Harsh Sanghavi plays Garba, sings during Navratri event at Chotila hill
5 killed, 16 injured in Houthi attack on Yemen's Aden presidential palace
US Iran war news: A recent Houthi attack targeted the al-Maashiq Presidential Palace in Yemen, killing five people and injuring 16 others. Following this strike, Yemen's President Rashad al-Alimi called for measures to protect government institutions. Houthi spokesperson Yahya Saree claimed responsibility for the assault, stating it targeted Saudi operations in Aden. Government forces retaliated with numerous attacks on Houthi positions, claiming significant destruction of Houthi assets.
Investor concerns over debt-funded AI expansion have pressured CoreWeave, other AI cloud firms and chipmakers. Markets are questioning whether companies can generate enough cash flow to support heavy spending
Stocks in news: RIL, Wipro, Jio Financial, Tata Communications, YES Bank, PNB
From a technical perspective, the 23,00023,100 zone remains an immediate resistance level for the Nifty, according to Ponmudi R, CEO of Enrich Money. A sustained breakout above this range could reinforce bullish momentum and open the door for a move towards 23,30023,400, he said.
HDFC Life posts 14% rise in Sept quarter profit
Value of new business (VNB) margin expanded 20 basis points to 24.7% against 24.5% a year ago. One basis point is a hundredth of a percentage point. Value of new business grew 12% to
Can Bonfiglioli Transmissions IPO deliver long-term growth for high-risk investors?
Bonfiglioli Transmissions aims to raise Rs2,534 crore through an upcoming offer for sale. The promoter group's stake will reduce from 100% to 77% post-IPO. The company has market leadership in various sectors, including industrial automation and construction. Revenue and net profit have shown significant growth in recent years, indicating strong financial performance. Investors with a high-risk appetite may consider participating in the IPO.
Fairfaxs IDBI Bank deal puts CSB Banks ownership and future in focus
Canada's Fairfax Financial Holdings, which owns 40% in the Kerala-based lender, must choose between selling its stake and merging CSB with IDBI Bank after the government approved the sale of a 60.72% stake in IDBI to a Fairfax subsidiary.
Inside the TVS family dispute: How a business restructuring left Lakshmi with the smaller business
Before a 2024 family agreement on brands and management control, a series of changes separated TVS Motors stake from Sundaram-Clayton, the auto parts company Lakshmi Venu led. Brother Sudarshan Venu now heads the holding company that controls TVS Motor and lending businesses.
Jio IPO Bonanza: How global investors stakes have grown since 2020
Meta-backed Jaadhu Holdings, which acquired a 9.98% stake in Jio Platforms for around Rs 43,574 crore in 2020, now holds shares valued at around Rs 99,846 crore at the IPO price. Google, which invested around Rs 33,737 crore for a 7.73% stake, has seen the value of its holding rise to around Rs 77,307 crore.
Indias top paintmakers plan second price hike this year as crude crosses $100
Asian Paints, Berger, and Birla Opus will raise prices by 3-4% ahead of Diwali as input costs soar.
Global auto once fled India; but some MNCs are now changing the script
Stellantis, Hyundai, and Suzuki are committing billions of dollars in fresh investments in India. The aggressive push comes as foreign brands seek to counter market share gains by domestic rivals Tata Motors and Mahindra & Mahindra
Fairfax wins nod to acquire IDBI Bank, but faces challenge of shifting its public-sector culture
Experts say integration is hard in any deal, and harder when a bank that has operated in the public sector for decades must adopt private-sector practices.
Where Jio stands among telecom peers: A look at the key numbers
Jio Platforms is gearing up for what is set to be India's biggest initial public offering, aiming to raise as much as Rs 30,213 crore. Once listed, Jio is projected to become one of the top five companies in market value.
Tata Trusts case: Mehil Mistry matter hearing postponed toNov 5
Mr. Mistry, a close confidant of Ratan Tata, stepped down as a trustee from three trusts last October after other trustees voted against his reappointment
Looking to ride India boom over next decade with IDBI Bank, says Fairfax chief Prem Watsa
Prem Watsa, chairman of Fairfax Financial, has acquired a major stake in IDBI Bank, emphasizing India's economic growth potential. He believes that India will experience significant economic advancements over the next decade. Watsa expressed confidence in the bank's financial recovery and potential for expansion after overcoming past challenges. He assured that the focus will be on maintaining the lender's fiscal integrity and staff welfare.
IT stocks power Dalal Street rally as global AI trade loses steam
The rally came even as concerns over sticky US inflation and the prospect of further monetary tightening weighed on global markets, triggering a sell-off in technology stocks across Asia, particularly in South Korea and Taiwan.
Supreme Court rules against Yes Bank's write-off of Rs 8,415 crore AT1 bonds
The Supreme Court confirmed the decision of the Bombay High Court regarding Yes Bank's AT1 bonds. This ruling impacts 8,415 crore in bonds written off during the bank's 2020 restructuring. The court noted that the administrator lacked the authority to write down these bonds. Bondholders had contested the write-off, citing mis-selling of the securities. Yes Bank is now obligated to repay the bonds along with accrued interest.
Fairfax gets 15 years to reduce stake in IDBI Bank to 26%
Fairfax Financial Holdings will acquire a 60.72% stake in IDBI Bank and reduce its ownership over 15 years. The Reserve Bank of India has allowed Fairfax to decrease its stake to 26% eventually. Fairfax has two years to decide the future of CSB Bank, including merger or sale options. The group aims to transform IDBI Bank into a comprehensive financial services entity.
Money is going into data centres and AI in US... now India will be on everyones list: Prem Watsa
Canadian billionaire Prem Watsa's bet on IDBI Bank is backed by faith in the Indian economy, he told Mohit Bhalla and Sruthijith KK in a phone interview. The government Wednesday approved the divestment of a majority stake in IDBI Bank to Watsa's Fairfax Financial Holdings. Watsa, 76, who was born near Hyderabad and studied at IIT-Madras, migrated to Canada in the 1970s. Started by him as an insurance company, Fairfax Financial now has assets of over $100 billion. Edited excerpts from the interview are in the copy.
California orders lenders to report on their handling of insurance payouts to LA fire survivors
California orders lenders to report on their handling of insurance payouts to LA fire survivors
CoreWeaves slump spotlights growing burden of debt behind AI boom
COREWEAVE-STOCKS-MAIN:CoreWeave's slump spotlights growing burden of debt behind AI boom
Mistry Objection Not Valid, say two Tata Trusts
Two Tata trusts, Sir Dorabji Tata Trust and Bai Hirabai Jamsetji Tata Navsari Charitable Institution, challenge Mehli Mistry's objections. Mistry claims irregularities in trustee appointments, while the trusts deny any illegal actions. Both trusts assert that his term expired and he no longer qualifies as a trustee. Additionally, the BHJTNCI seeks to replace its reporting trustee, leading to further legal disputes. Proceedings on these matters are set for November 5.
SC ruling deals a heavy blow to Yes Bank's risk equity capital
Yes Bank is facing a significant reduction in its Common Equity Tier-1 capital buffer following a recent Supreme Court ruling. The court reversed the earlier write-down of over $800 million related to additional Tier-1 bonds. Analysts suggest that this verdict could lower Yes Bank's CET1 ratio to approximately 11-11.5%. The bank is currently analyzing the judgment to assess the final impacts on its financial standing.
Margarita M. Balmaceda examines the hidden dynamics of energy dependency between Russia and other nations. The discussion highlights Russia's role as a 'Trojan horse' in energy politics. Recent diesel deals between the US and Russia may have limited short-term benefits for American consumers. Additionally, the implications of these deals could adversely impact Ukraine's situation. This situation reflects a troubling double standard in international energy relations.
US Home Loan rate: The recent string of mortgage rate increases snapped as the 10-year Treasury yield pulled back from its highest level since 2002.
A puppy, seriously hurt in a road accident, found a second chance thanks to the compassionate Blinkit delivery partners. After being nursed back to health, the puppy now enjoys life in their local warehouse, frequently joining in on delivery runs. This heartwarming tale was shared by a professional on LinkedIn, capturing the attention of many social media users who praised the generosity of the delivery team.
Canada ministers step up outreach to boost ties
Canada is actively working to enhance its relationship with India through a comprehensive economic partnership agreement. In a significant move, Canadian ministers visited India to discuss various collaboration opportunities. Prime Minister Narendra Modi highlighted the need for sustained bilateral engagement to achieve tangible outcomes. A large trade delegation from Canada is also in India to bolster economic ties. These developments reflect Canada's strategic shift to diversify its trade partnerships.
PSG brings embattled Man City down to earth after pre-match show of defiance in the Champions League
Manchester City showcased a celebratory pre-match fireworks display before facing Paris Saint-Germain in the Champions League. The first half saw PSG dominate, taking a commanding lead with three goals. City managed a spirited second-half comeback, scoring two goals but ultimately fell 4-2. Former City manager Pep Guardiola witnessed the match from the stands as the team faced serious challenges.
Canadas Joly Threatens to Force Cleveland-Cliffs Asset Sale
Canadas industry minister said the government has the power to try to force Cleveland-Cliffs Inc. to sell its assets the country, escalating a dispute over job cuts at the companys steel operations in Ontario.
COLORFUL Launches the iGame X870E VULCAN W OC Motherboard
New Delhi [India], October 15: Colorful Technology Company Limited, a leading brand in gaming PC components, gaming laptops, and HiFi audio products, announces the iGame X870E VULCAN W OC, an all-white flagship overclocking motherboard designed for enthusiasts seeking uncompromising performance, advanced tuning capabilities, and distinctive aesthetics. Building on the success of the iGame X870E VULCAN OC launched earlier this year, the new white edition is built for AMD Ryzen processors on the AM5 platform and is specifically adapted for the latest flagship Ryzen 9 9950X3D2.
Will Jio raise tariffs? Here's what Akash Ambani said ahead of IPO rollout
Ambani also identified home broadband as a major growth opportunity.
Prosus Ventures leads $1.5 million funding in space startup Cosmochute
Cosmochute is developing its LEAP lunar mobility platform to support payload transportation and deployment on the Moon, with funding aimed at accelerating development and hiring.
ADB, govt of Japan sign financing pact with AM Green Ammonia
The deal includes a $100 million JICA-financed loan to help build a 1.1-million-tonne renewable-powered green ammonia facility in Kakinada, Andhra Pradesh.
Pernod Ricard India sales grow 19% in Sep quarter; IPO plan awaits approval
French spirits maker Pernod Ricard, which on Thursday reported a 19 per cent sales growth in India for the September quarter, said its proposed initial public offering (IPO) in the country remains under discussion and is awaiting board approval. Pernod Ricard said double-digit sales growth in the first quarter of financial year 2027 in the India market, its second largest globally after the US, is driven by strong demand and continuing premiumisation as he market continues to enjoy dynamic consumer fundamentals. Pernod Ricard's financial year runs from July 1 to June 30. Growth is broad-based across the portfolio, with imported spirits in very strong double-digit growth, including Jameson, Absolut and Ballantine's, and with strong double-digit growth from Seagram's whiskies Royal Stag and Blenders Pride, said the company's earnings statement. Pernod Ricard said preparatory steps for a potential IPO in India had resulted in a favourable pipeline-filling effect, contributing
Anthropic's Q3 revenue jumps to $16.8 billion ahead of planned IPO
Anthropic's third-quarter revenue reached $16.8 billion, up nearly 12-fold from a year earlier, as the Claude maker prepares for an IPO amid slowing growth and concerns over AI valuations.
UCO Bank net profit rises 27% to 786 crore in July-September quarter
Public sector UCO Bank on Thursday reported a 27 per cent rise in net profit to Rs 786 crore for the second quarter ended September 30. The Kolkata-based lender earned a net profit of Rs 620 crore in the same period last fiscal year. Total income increased to Rs 8,170 crore in the second quarter from Rs 7,421 crore a year ago, UCO Bank said in a regulatory filing. Interest income improved to Rs 7,286 crore in the September quarter of FY27 from Rs 6,537 crore in the year-ago period. Operating profit also increased to Rs 1,872 crore against Rs 1,613 crore in the same quarter a year ago. On the asset quality front, the bank's gross non-performing assets (NPAs) moderated to 1.96 per cent of gross advances at the end of September 2026 compared to 2.56 per cent a year ago. Net NPAs or bad loans came down to 0.18 per cent at the end of September 2026 compared to 0.43 per cent at the end of September 2025. However, provisioning against bad loans rose marginally to Rs 444 crore during th
India sourced more than two-thirds of its August oil imports from just three countries
While Russias share in Indias oil imports fell to 44%, from a historic high in July, the shares of both the U.S. and the UAE surged, resulting in the cumulative shares of the three countries reached an all-time high
Nandan Nilekani calls for expanding Account Aggregators to reach street vendors for access credit
Nandan Nilekani emphasizes the importance of expanding the Account Aggregator framework to include self-employed individuals. He highlights the need for access to formal credit for gig workers and street vendors. By incorporating diverse financial information sources, the framework could better assess creditworthiness. Nilekani also stresses a sustainable business model for Account Aggregators to ensure sustainability. This expansion aims to create a more inclusive digital financial infrastructure in India.
Air India CEO Tewolde Gebremariam has formed a committee to explore cost cuts, including merging teams and reducing office lease expenses. The move comes as the airline's consolidated loss widened to 22,238.23 crore in 2025-26.
IDBI Bank employees' service conditions, pension benefits fully protected: Dipam secretary
The IDBI Bank would continue to operate under the existing framework of company and labour laws, says Arunish Chawla, secretary, DIPAM.
Sebi Chairman Tuhin Kanta Pandey announced efforts to include insurance information in the Consolidated Account Statement. The initiative aims to provide investors with a comprehensive financial overview of their investments. Additionally, RBI's support for integrating bank deposits into the framework is also underway. A comprehensive review of existing regulations is being conducted to improve transparency and ease compliance for businesses.
Tata Trusts question Mehli Mistry's locus standi for raising objections
Two Tata Trusts entities have questioned Mehli Mistry's locus standi to raise governance concerns, arguing that his tenure as trustee ended in October 2025.
Tonbo Imaging IPO subscribed 4 times on Day 1, led by strong NII demand
The defence electronics maker's 852 crore offer attracted strong demand across investor categories, while secondary share deals valued the Bengaluru-based firm at 4,000 crore
IIFL Finance Q2 profit nearly doubles to Rs 805 crore; AUM rises 38%
IIFL Finance reported a significant increase in profit after tax for the quarter, rising to Rs 805 crore. This growth was attributed to stronger operating leverage and reduced loan losses during the period. The company's assets under management also rose substantially to Rs 1.24 lakh crore, primarily due to growth in gold loans.
Mistry contends SRTT is delaying reply; trust cites charity commissioners order
Mehli Mistry alleges that failing to reply even after four months was deliberate and intended to delay the proceedings.
Insurance commission norms not intended to disrupt business models: Irdai chief
Insurance Regulatory and Development Authority of India chairman Ajay Seth also hinted that Irdai is unlikely to extend the deadline for submitting feedback.
South Indian Bank to enter credit card market with proprietary tech platform by FY28 Q1
South Indian Bank is developing a proprietary tech platform to launch its credit card business next fiscal year. The bank aims to increase the share of retail, agriculture, and MSME loans to 65% from 61% in three years. A significant focus will be placed on growing income from RAM loans rather than lower-yielding corporate loans.
Tech Mahindra Q2 profit jumps 33%
Companys business model was resilient against H-IB visa tightening due to itslow dependency on foreign labour pools and focus on local (US) hiring, says Mohit Joshi
Punam Raut retires from all formats of international cricket
Indian women's batter Punam Raut announced her retirement from all formats of international cricket on Thursday.
L&T Finance Q2 net profit rises 33% to Rs 975 crore
L&T Finance reported a 33% increase in consolidated net profit for the quarter ending September 30, 2026. The company's consolidated loan book rose 28% year-on-year to reach Rs 1.36 lakh crore. Net interest margin improved to 10.48%, while total income increased by 26% to Rs 5,484 crore. Asset quality also showed improvement, with gross non-performing loans declining to 2.7%.
AstraZeneca strikes $40 million AI drug discovery deal with Insitro
The multi-year partnership will target severe liver and heart conditions, with insitro eligible for up to $1.46 billion in development and commercial milestone payments
Jio to focus on technology monetisation, targets debt-free status
Almost the entire proceeds will be used to make JPL net debt-free, with future expansion funded through internal cash flows, Mr. Ambani said.
Sebi revises CAS rules, changes derivatives expiry settlement methodology
Sebi has announced changes to the closing auction session for the equity cash market, which will begin in December 2026. The revised session will run from 3.30 pm to 3.40 pm, with specific phases for order entry. Moreover, the methodology for calculating settlement prices for derivatives contracts has been updated. Unexecuted orders will transition under new rules while maintaining time priority differences.
Why Bajaj Finance shares jump 3% amid 17,500-cr capital raise plans
The stock opened at 962.55, touched an intraday high of 995.80, and was trading well above its previous close of 948.30
Mankind Pharma to acquire 70% stake in Belgiums ACTx for 48 million
The deal gives the Indian drugmaker access to experimental treatments targeting blood and lung cancers, strengthening its ambitions in global pharmaceutical research
Tech Mahindra maintains edge over Wipro in September quarter
While Wipro reported its slowest second-quarter growth in three years, Tech Mahindra reported its fastest second-quarter growth in the same period.
Airfloa Rail secures 34.85 crore contract for Vande Bharat sleeper interiors; details here
Airfloa Rail Technology has won a 34.85 crore contract from Integral Coach Factory, Chennai, to design interiors and carry out development work for a Vande Bharat sleeper trainset. Details.
Market Trading Guide: Adani Power among 2 stock recommendations for Friday
Indian equities rallied as global technology stocks weakened amid AI valuation concerns and US inflation worries. Analysts recommend Bajaj Holdings and Adani Power for Friday, citing improving technical momentum, key support levels and potential upside, subject to market conditions.
Stellantis to invest 4,000 cr, plan 12 India launches, triple market share by 2030
Jeep and Citrons export share is expected to double over the next four years.
Tata Trusts rejectsMehli Mistrys objections, calls them extraneous
The dispute centres on governance and remuneration allegations against trustees of Bai Hirabai Trust and related Tata Group affairs, with Mistry planning a rejoinder as hearings resume November 5 in Mumbai.
Jio's 30,213-cr IPO priced at 34x earnings, below Bharti Airtel's 39x
Jio Platforms' 30,213-crore IPO opens on October 21 at a price band of 1,065-1,119 a share, valuing the firm at 10.3 trillion, with proceeds earmarked for debt repayment
From 228 in 2016 to 4.9 per GB: Akash Ambani says Jio data prices are lowest globally
Speaking at Jio Platforms' IPO media meet on 15 October, Ambani said that the company helped transform India from a data-scarce market to a data-abundant nation by making mobile data services affordable.
The dispute over trustee appointments and the administration of the philanthropic institutions was heard before the Maharashtra Charity Commissioner on Thursday.
Bentley restructures India operations as UK trade deal could cut Bentayga price by 1.7 crore
The British luxury carmaker is expanding its Indian investor network as tariff changes create new opportunities for pricing and long-term growth
BS VII emission rules could add 75,000 to SUV costs, 2.6 lakh to trucks
Mankind Pharma to acquire 70% in Belgian biotech firm for 48 million
Deal marks entry into next-generation CAR-T cancer therapies as company expands global innovation ambitions
Jio Financial Services Q2 Results: PAT drops 51% YoY to Rs 340 crore; NII soars 165%
Jio Financial Services reported a 51% year-on-year decline in Q2 FY27 profit to Rs 340 crore, despite total income rising 132% and net interest income surging 165%. Its NBFC business delivered 140% profit growth amid expanding financial services operations.
Funskool eyes topline of 400 crore in FY27 driven by strong export business
Funskool exports private label brands as well as its own toys to over 63 countries
What Akash Ambani said on Jio tariff hikes ahead of record IPO launch
Akash Ambani said Jio can raise mobile tariffs but prefers growing revenue through digital services, broadband and enterprise solutions. Ahead of its Rs 30,213 crore IPO, Jio aims to expand margins and connect 100 million homes.
Pune (Maharashtra) [India], October 15: PPS Motors, a part of one of India's largest automobile retail conglomerates, inaugurated a new Mahindra service facility in Saswad, Pune, further strengthening its presence in Maharashtra and enhancing access to quality vehicle service for customers in the region. The facility was inaugurated by senior officials from Mahindra & Mahindra Ltd., including Pavan Kumar, SVP and Head Sales, Customer Care and CX, Sachin Gupta, VP & Head - Customer Care, Manoj Kumar - Zonal Head Customer Care - West Zone, Samira Mahapatra - RCCM - Pune Region, and PPS Group's Supreeth R, CEO, PPS-M & M (Maharashtra, Karnataka, Tamil Nadu and Kerala), Pakshal Shah, Chief of Staff, Insha Maseeh, COO, PPS-M & M Maharashtra along with other senior representatives from both organisations. The new workshop, PPS Group's 151st Mahindra touchpoint in India , takes its network to 9 Mahindra touchpoints in and around Pune .
Jio IPO: Valuation, GMP & Key Numbers of Ambanis Telecom Giant Decoded
Indian Bank, UCO Bank lead Q2 profit growth as treasury income slumps
Indian Bank, UCO Bank, South Indian Bank and Karur Vysya Bank reported double-digit Q2 profit growth, supported by core income and loan expansion. However, rising bond yields hurt treasury earnings, while improving asset quality and provisions shaped quarterly performance.
Microsoft CEO Satya Nadella has reflected on an early management failure, recalling how he failed to recognise an employees struggles despite repeated requests for help.
Paras Healthcare fixes IPO price band at Rs 660-693; issue opens on Oct 21
Paras Healthcare has set its IPO price band at Rs 660-693 per share, targeting Rs 1,450 crore. Opening October 21, the issue will fund debt repayment and corporate needs, supporting expansion across its hospital network in India.
Cognizant leases 645,000 sq ft in Chennai at 4.77 crore monthly rent
Cognizant has leased 645,172 sq ft at Embassy Splendid TechZone in Chennai for five years at a monthly rent of 4.77 crore, with a 15% rent escalation every three years
Heritage Foods Q2 net slips 39% to 31 cr amid higher revenue
Milk procurement volumes increased 7% YoY in Q2 FY27 and 4% in H1 FY27 despite monsoon-related supply constraints.
Tata Power approaches West Bengal govt for land for solar projects, explores 2500-crore investment
Tata Power said the West Bengal government has shown a lot of keenness to promote rooftop solar adoption in the State under Ghar Ghar Solar initiative
Kiro Beauty looks beyond lips as face, skincare emerge as growth engines
Skincare also emerges as another key growth opportunity for the company, as it looks to broaden its portfolio beyond colour cosmetics
Myntra clocks over 30% order growth, targets 100 million monthly active users
The company has also reduced seller onboarding time from 10-15 days to under two days, while catalogue generation time has fallen from a day to four hours
Indian Bank Q2 profit grows 14% to 3,540 cr as asset quality improves
Indian Bank's consolidated net profit rose 14% to 3,540 crore in Q2FY27, while gross NPAs declined to 1.61% and deposits grew 12.5% year-on-year to 8.74 trillion
Q2 Results Highlights, 15th October 2026: Stay tuned to get real-time market, business and financial news updates
Zydus-Sunshine JV signs pact with Sri Lankas BOI for $20 mn pharma plant
The investment is expected to strengthen Zydus international presence while bolstering local pharmaceutical manufacturing capacity.
Zydus-Sunshine JV signs pact with Sri Lankas BOI for $20 mn pharma plant
The investment is expected to strengthen Zydus international presence while bolstering local pharmaceutical manufacturing capacity.
India's August balance of payments surplus swings to $45.4 billion from $5.6 billion deficit
India's balance of payments showed a surplus of $45.4 billion in August, despite a current account deficit. Net transfers, which include remittances, increased to $12.8 billion compared to the previous year. The capital account saw inflows of $50.6 billion, significantly higher than last year's $0.5 billion. Central bank measures to attract capital inflows have resulted in substantial foreign-exchange deposits.
The United States can access up to $100 billion in loans for developing its critical minerals industry. Despite this financial resource, it struggles to compete with Chinas established dominance in rare earth processing and supply chains. Creating processing facilities and refining capacity requires long-term investments and strategic planning, which many private investors find unattractive.
India's edible oil imports dip 7 pc to 15.44 lakh ton in Sep: SEA
India's edible oil imports fell by 7 percent in September, totaling 15.44 lakh tonnes. The decline was attributed to a sharp decrease in crude sunflower oil shipments, which dropped significantly. However, total edible oil imports increased by 3 percent for the first eleven months of the oil year. Refined oil imports saw a notable decline, while crude edible oil imports rose substantially during the same period.
Jio IPO will make Reliance Indias biggest conglomerate: Uday Kotak
The Foundery Opens Cohort 2: The Search for India's Next Generation of Entrepreneurs Begins
Mumbai (Maharashtra) [India], October 15: The Foundery has opened applications for Cohort 2 of its 90-day residential venture build, sharpening its search for people who have already demonstrated the ability to build, whether teams, products, categories, communities or businesses and are now ready to create something of their own.
Nilesh Shah on PSU privatisation: How Hindustan Zinc offers a lesson for IDBI Bank
Kotak AMCs Nilesh Shah cited Hindustan Zinc as an example of how strategic divestment combined with a retained minority stake can create long-term national wealth. He said the governments remaining stake is now worth over Rs 62,000 crore and expressed hope that IDBI Banks divestment would deliver similar value.
