30 C 
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.
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
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.
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
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
DP World eyes $5 bn India investment, warns West Asia crisis is rewiring global trade
DP World is ready to increase its investment in India between USD 3 billion and USD 5 billion in the coming years. The company urges for faster infrastructure development and quicker project approvals to unlock trade potential. Despite challenges, Narayan believes that India remains attractive due to its growing economic scale. Enhanced logistics capacity is critical for supporting India's manufacturing and export growth.
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
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
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.
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
YES Bank's comeback has a ghost problem
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.
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.
2.5 crore corpus, monthly income of 2 lakh for 25 years; is it possible?
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.
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
Wealth Company Alternates invests 400 crore in sports brand Boldfit
The investment will support Boldfits next phase of expansion, with significant investments planned for nationwide retail expansion, product innovation and manufacturing
India overhauls drug patent guidelines to curb evergreening and speed up cheap generics
The draft guidelines require strict scientific proof of improved therapeutic efficacy for minor drug modifications.
Air India said that the flight timings have been structured to maximise customer convenience.
10 stocks held by 100+ MF schemes in September rally up to 205% in CY26; 6 turn multibaggers
Ten stocks held by over 100 mutual fund schemes gained 75% to 205% in CY26 through September. Six of these stocks more than doubled, led by Welspun Corp and MTAR Technologies.
YES Bank AT-1 bond reinstatement may hit CET1 ratio by 250 bps
The reinstatement of 8,415 crore in AT-1 bonds could reduce YES Bank's CET1 ratio by 250 basis points on a pro forma basis, though its Tier 1 capital ratio would remain unchanged at 14%
Beyond the classroom: What makes the ET x LSE leadership programme stand out
Designed for senior executives, the ET x LSE High-Performance Leadership & Strategic Decision-Making programme provides an enriching learning experience in leadership and strategic choices. Participants become LSE Executive Education Associates, enabling them to engage with a supportive professional community that enhances their expertise. This program's benefits extend well beyond its completion, proving to be an excellent long-term investment.
61% of jobseekers willing to disclose mental health leave, survey finds
Career-related fears persist, while respondents identify clearer work-life boundaries and stronger managerial support as key measures to improve workplace mental well-being.
Krisumi Corp starts construction of two phases at Krisumi City in Gurugram
The company will invest over 1,300 crore in the two phases, comprising 542 units at its 33.38-acre Krisumi City township in Gurugram, with prices starting at about 4.9 crore
Bangalore (Karnataka) [India], October 16: Healthy soil is the foundation of food security. Soil degradation threatens agricultural productivity, disrupts farming cycles, and reduces crop yields. This World Food Day, promoting sustainable farming practices is essential to protecting soil health and ensuring food security for future generations.
Indian Bank reports a Rs 1,388 crore gain from sale of NSE shares
Indian Bank gained Rs 1,388 crore from the NSE listing, boosting second-quarter non-interest income by 50% to Rs 3,953 crore. The one-time gain offset pressure from rising bond yields, despite Rs 123 crore in mark-to-market losses. Meanwhile, Canara Bank and UCO Bank reported declines in other income, reflecting weaker treasury earnings.
Jio IPO GMP at 20%: Grey market signals Rs 220 premium as brokerages say subscribe
Jio Platforms Rs 30,200 crore IPO has a grey market premium of Rs 220 ahead of its October 21 opening. Emkay Global and SBI Securities highlight its telecom leadership, earnings growth and digital expansion, while flagging valuation, regulatory and capital expenditure risks.
HFCLs AI, data centre exposure drives Nuvamas Buy call; target implies 56% upside
Nuvama has initiated coverage on HFCL with a
Congress, allies seeking Bangladesh-like regime change: Rajnath Singh
Union Minister Rajnath Singh accused the Congress and its allies of inciting unrest and seeking regime change. He stated that the youth are being exploited for political confrontation rather than constructive initiatives. Singh emphasized the importance of respecting democratic institutions and maintaining law and order. He urged political leaders to focus on dialogue and nation-building instead of destructive politics.
The Festive Boom: Is It Still There? Let's Decode Gurgaon's Real Estate Market
New Delhi [India], October 16: Every festive season, we see a familiar trend in real estate. Buyers start exploring properties, developers introduce attractive offers, and conversations around owning a home or making an investment gain momentum. But as we enter the festive season of 2026, an important question deserves attention: Is the festive boom still driving Gurugram's real estate market, or are buyers becoming more selective?
Air India sets up multi-disciplinary panel to identify cost-saving opportunities
The airline will also be launching 'PRABHAV - The Value Creator Award', an initiative to gather cost-reduction ideas from the staff, and those providing ideas that can be implemented will be rewarded.
Prime Video Executives On Ads, Theatrical Releases and Revenue Models
Yes Bank flags capital hit as SC upholds AT-1 bond reinstatement
However, Yes Banks overall tier-1 capital ratio is expected to remain unchanged at 14%. The bank stated that it had access to appropriate capital-management levers and retained the flexibility to undertake additional capital actions
Popees aim pan India presence as FY26 revenue rises 20%
The company reported a nearly 20% increase in revenue from operations to 161.93 crore in FY26, from 135.30 crore in the previous financial year
Indonesias $1.5 trillion market faces a historic downgrade: Why global investors are worried
Indonesias $1.5 trillion stock market plunged after MSCI warned that its emerging-market classification may no longer be appropriate, raising fears of billions of dollars in foreign outflows. Concerns over market transparency, opaque shareholding structures and policy credibility have intensified investor anxiety, with Indonesian equities down nearly 40% in 2026.
Tata Steel slips marginally as draft steel policy 2047 puts sector in focus
The stock touched an intraday high of 177.25 before paring gains, with sell orders outweighing buys 63.56 per cent of the order book was on the sell side versus 36.44 per cent on the buy side.
HLL Lifecare unveils new digital platform to sell products, services
The eStore marks HLLs shift to a modern, digital platform that lets customers, partners, and healthcare institutions connect from anywhere, anytime
Jewellery stocks, including Shanti Gold International, PC Jeweller and Sky Gold and Diamonds, rose sharply on Friday as mutual fund houses temporarily restricted fresh subscriptions to gold ETF Fund of Funds. With the festive and wedding season approaching, analysts expect resilient gold demand, while organised retailers could benefit from market share gains.
Dell briefly became the world's second-richest person, behind Elon Musk, after his net worth surpassed $270 billion.
Persistent Systems shares slide 5% despite Q2 revenue growth. Buy, sell or hold?
Persistent Systems shares fell 5% despite 7.8% sequential constant-currency revenue growth in Q2FY27, as margin contraction and a sharp decline in profit weighed on sentiment. Brokerages remained divided on the stock amid valuation concerns and acquisition-related costs.
Bulls fight back as Sensex stages 700-point comeback. 4 factors driving the rally
On Friday morning, benchmark indices Sensex and Nifty made a remarkable recovery after a short dip into negative territory. The IT sector continued its upward trend for the fourth consecutive session, with significant contributions from industry leaders such as Tech Mahindra and Infosys, which surged, boosting the sectoral index. While a few companies faced declines, the general market outlook remained optimistic, following a notable rise earlier in the week.
New CAS rules decoded: What Sebis revised framework means for stock market traders
Sebi has revised the Closing Auction Session (CAS) framework after receiving more than 20,000 comments from stakeholders. The updated rules introduce a 10-minute closing auction, restore the VWAP method for F&O expiry settlement prices and clarify order transfers. Most changes will take effect on December 7, 2026.
Karur Vysya Bank shares rally 6% after Q2 profit jumps 37% YoY
Karur Vysya Bank shares rose sharply after the private sector lender reported a 37% year-on-year rise in Q2FY27 net profit to Rs 788 crore. Net interest income grew 19% to Rs 1,497.3 crore, while total business increased nearly 18% to Rs 2.40 lakh crore.
Indian software stocks set to outperform AI peers by most margin in decades
India's top software exporters have surged over 10% this week as global chip stocks fall 7.4%, with analysts pointing to AI valuation concerns and signs of improving revenue growth in the IT sector
HDFC Bank Q2 results preview: PAT, NII may rise up to 9% YoY; deposit growth in focus
HDFC Bank is set to unveil its Q2 results on October 17, 2026, showcasing key financial indicators. Analysts predict a year-on-year rise in net interest income of about 8%, driven by an increase in loans. Profit after tax forecasts vary among brokerages, reflecting a range of expectations regarding the bank's financial health.
Who is Bela Bajaria, and why has Netflix fired its powerful content chief?
Netflix has replaced chief content officer Bela Bajaria with Peter Rice amid slowing audience engagement, declining stock and layoffs. Bajaria helped expand the companys global content and live entertainment offerings.
Persistent Systems among 4 F&O stocks with a sharp rise in futures open interest
Persistent Systems, Ujjivan Small Finance Bank, Siemens Energy India, and Nestle India recorded futures open interest increases exceeding 11% on October 15, indicating heightened derivatives market activity.
Reliance hits back at Musk, says Jios satellite services also await clearances
Reliance said on X that it wanted to place the facts on record amid recent remarks about the company and the Indian market
Wipro reported a 9.1% year-on-year rise in Q2FY27 revenue to Rs 24,752.7 crore, while net profit fell 1.9% to Rs 3,201 crore. The IT major expects Q3 revenue growth of -1.5% to 0.5% sequentially in constant currency terms. Nomura retained its Buy rating with a Rs 200 target, citing a slight revenue beat and confidence in delayed large deals closing.
Rs 10,000 cr OFS IPOs falter: Will Ambani's all-fresh Jio sale prove a masterstroke for investors?
Reliance Jio is set to roll out an ambitious Rs 30,213 crore IPO featuring solely new equity shares, not existing ones. In light of mixed results from recent Indian IPOs, this move aims to cut down Jio's debt while bolstering its financial standing. The company's IPO, valued at Rs 10.
HD Fire Protect IPO allotment likely today; GMP at 30%. Here's how to check status
HD Fire Protect IPO allotment status is expected today following a massive 131.70 times subscription. The Rs 712.31-crore public issue commands a 30% grey market premium. Investors can check allotment status online via the registrar MUFG Intime India, BSE, and NSE websites ahead of its scheduled October 21 listing.
Jio IPO: Meta, Google sit on nearly 1 lakh crore paper profit & neither is selling
Meta Platforms and Google are poised to realize significant gains from their Jio investment made in 2020. To bolster its growth, Jio Platforms is moving forward with an initial public offering planned to raise around 30,213 crore, achieving a valuation of 10.3 lakh crore. Neither Meta nor Google plans to divest shares in this round as existing backers maintain their stakes.
Zetwerk Manufacturing Business IPO Day 2: GMP at 9%; Check subscription status, and key details
Zetwerk Manufacturing Business IPO entered its second day of bidding on October 16 after garnering 23% subscription on Day 1. The retail category was subscribed 22%. The IPOs grey market premium stood at 9%, suggesting potential listing gains, though GMP is unofficial and does not guarantee listing performance.
India's Yes Bank AT-1 ruling won't impact ratings despite earnings hit, S&P says
Yes Bank faced a setback as India's Supreme Court overturned its write-off of 84 billion rupees in bonds. S&P Global Ratings stated the ruling would not impact its credit rating of the bank. The decision highlights procedural errors in the 2020 write-down process, which regulators had supported. Despite this ruling, Yes Bank is expected to maintain adequate capitalization in the future.
India's family offices bet on homegrown AI firms to catch up with US, China
Azim Premji's family office, QED Innovation Labs and Ranjan Pai's family office are backing homegrown AI firms, even as India's AI investment of over $15 bn between 2013 and 2025 trails US and China
Tech Mahindra shares gain 5% after Q2 results. Should you buy, sell or hold the stock?
Tech Mahindra shares rose after Q2FY27 net profit increased 32.7% year-on-year to Rs 1,586 crore. Nomura retained its Neutral rating, seeing limited upside despite expectations of above-peer growth in FY27, driven by large telecom deals and expansion across other verticals.
SEBI has revised the Closing Auction Session framework, changing market timings, order transfer rules and settlement price calculations for derivatives. The updated rules will take effect from December 7, 2026, with provisions for transferring unexecuted limit and iceberg orders kicking in on February 8, 2027.
India's Balance of Payments (BoP) is turning positive, but it is likely to remain lower than earlier expectations as elevated oil prices and an expanding non-oil, non-gold deficit weigh on the external trade position, according to a research report by ICICI Bank Global Markets.
Jio Financial Services Share Price Live Updates: Jio Financial Services Trading Update
Fusion CX IPO Day 3: Check GMP, subscription status; Should you apply?
Fusion CXs Rs 702 crore IPO entered its final bidding day, with 1.10 times subscription on Day 2 and an 8% grey market premium. Brokerages highlight growth potential, improving profitability, AI-driven demand and reasonable valuations, while proceeds will primarily reduce debt and fund technology upgrades.
Tech Mahindra Share Price Live Updates: Tech Mahindra's Stock Performance Highlights Strength
Sahajanand Medical Technologies IPO Day 2: Check GMP, subscription status and key details
Sahajanand Medical Technologies IPO entered Day 2 on October 16, 2026, with a 12% GMP and 34% subscription on Day 1. The Rs 475.48-crore offer for sale is priced at Rs 327-344 per share. PAT surged 175% to Rs 69 crore in FY26 amid steady revenue growth.
Eicher Motors Share Price Live Updates: Eicher Motors Stock Performance
Reliance rebuts Musk's allegations, says rules apply equally to all
Reliance said it welcomes domestic and foreign competition, stressing that all satellite service providers, including Jio, must follow the same regulatory approval process
Zen Technologies among 3 stocks that closed crossing above VWAP
Zen Technologies, HDFC Asset Management Company, and Signatureglobal recorded closing prices above their volume-weighted average prices on October 15, reflecting intraday trading strength across these three Nifty 500 stocks.
Bonfiglioli Transmissions IPO Day 2: GMP at 24%; Check subscription status. Should you subscribe?
Bonfiglioli Transmissions IPO entered Day 2 with a 24% GMP and 48% overall subscription on Day 1. The Rs 2,533.66-crore offer for sale is priced at Rs 558-586 per share. Anand Rathi assigned a Subscribe for Long Term rating, citing growth in automation despite fully valued pricing metrics.
UltraTech Cem Share Price Live Updates: UltraTech Cem. Stock Details
HPCL among 3 stocks showing White Marubozu pattern
HPCL, HDFC AMC and Nuvoco Vistas featured in StockEdges White Marubozu scan on October 15, reflecting strong upward price momentum.
Tata Communications among 3 stocks showing RSI trending up
Tata Communications, RITES and Cemindia Projects featured in StockEdges RSI Trending Up scan on October 15 after gaining over 6%.
Jio parent Reliance Industries breaks silence on Starlink row: 'We have never feared competition
Reliance Industries said it welcomes competition, including Starlink, and has never feared rivals. The company emphasized that all satellite communication providers must follow Indian laws and policies, noting that Jios own satellite services are awaiting government clearances.
Q2 Results Today, 16th October 2026 Live Updates: Stay tuned to get real-time market, business and financial news updates
Sebi tweaks CAS framework, restores 30-minute VWAP for expiry settlements
The Securities and Exchange Board of India has implemented an updated framework for closing auction sessions and derivatives settlement. Under the new guidelines, volume-weighted average prices will be used during the last half-hour of normal trading. Trading for stocks will now last until 3:30 pm, while closing auction sessions will continue until 3:40 pm.
Indias family offices bet on homegrown AI firms to gain ground
Indias tech landscape is witnessing an influx of investments from family offices and wealthy individuals. Key players like Premji Invest and Claypond Capital are funding promising AI startups. With at least six companies achieving unicorn status, the environment for AI is becoming increasingly supportive. This shift highlights the need for sustained investment in Indias AI ecosystem. The growth potential is significant, despite challenges in funding and competition.
SBI Life Share Price Live Updates: SBI Life's Current Trading Status
HCL Tech Share Price Live Updates: HCL Tech Volume Analysis
Cipla Share Price Live Updates: Cipla's Previous Day Close
L&T Share Price Live Updates: L&T Weekly Returns Stand at 0.19%
SBI Share Price Live Updates: SBI Posts 2.13% Returns in One Week
Axis Bank Share Price Live Updates: Axis Bank's Recent Weekly Gains
AI agents breach Indian firms systems, roam undetected for days, CERT-In warns
Indian Computer Emergency Response Team reported that AI agents attacked local organizations for unauthorized access and financial gain. These breaches were undetected for several days and exploited security weaknesses in ICT systems. Cybercriminals also used open-source AI tools to enhance their attacks during the same time. Concerns about cyber threats have grown globally, leading to a state of emergency in Japan.
HDFC Bank Share Price Live Updates: HDFC Bank's Volume Highlights
TCS Share Price Live Updates: TCS Achieves Significant Price Breakout
ITC Share Price Live Updates: ITC Falls Below Key Moving Average
Wipro faces slow recovery as revenue and deal wins lag peers
Wipro has reported a decline in revenue for the second quarter in a row, contrasting with larger rivals that experienced growth. The total value of new contracts has dropped significantly, indicating delays in project closures. Despite this, management is optimistic about future improvements in deal momentum and operating margins. Slight enhancements were noted in operating margins, attributed to increased efficiency and favorable currency fluctuations.
Alpha Alternatives raises over Rs 6,000 crore for first infrastructure fund
Alpha Alternatives has garnered over 6,000 crore for its initial infrastructure fund, which is set to focus on key projects such as roads and renewable energy frameworks. The Build India Infrastructure Fund's goal is to improve operational efficiencies and eventually monetize assets through investment trusts. Meanwhile, Bajaj Alternate Investment Management is initiating fundraising for its first real estate venture centered on commercial office properties.
A new fizz at KFC: Why the chicken giant is swapping Pepsi for Coke in US
KFCs US restaurants have served PepsiCo drinks ever since PepsiCo bought KFC in 1986. However, some of the chain's international markets serve Coke products.
Tesla unveils next generation Roadster sports EV after years of delay
Tesla unveiled
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
