The Economic Times

Fairfax Financial's subsidiary has acquired a 60.7% stake in IDBI Bank for 52,878 crore, leading to potential operational changes. The new management faces challenges such as employee resistance and asset quality improvement. Despite having a higher profitability compared to peers, IDBI Bank's gross non-performing asset ratio remains concerning. The bank's success will rely on its ability to enhance asset quality while maintaining earnings growth.

D Subbarao advocates for allowing the rupee to find its level based on economic fundamentals. He criticizes costly short-term measures that do not address structural issues behind capital outflows. The rupee's recent recovery followed the Reserve Bank of India's measures to reduce dollar demand. Subbarao highlights the importance of tax reforms to attract foreign investment in India.

Established non-fiction shows such as Bigg Boss and Kaun Banega Crorepati have continued to attract advertisers despite the blackout. Bigg Boss has roped in 95 sponsors across its language editions, while KBC has secured 25 sponsors. Cricket is also drawing advertiser interest, with India matches providing an opportunity to reach large audiences in a second half of the year largely devoid of marquee events such as the IPL or ICC tournaments. The India-West Indies series has drawn a strong respon

The government plans to expand PM KUSUM to include incentives for modern irrigation practices among farmers. This expansion will encourage the use of solar-powered water pumps and promote remunerative crops. The ministries of renewable energy and agriculture are collaborating to align this initiative with existing schemes. New components such as agrivoltaics will also be integrated in the next phase.

In the second quarter, leading private sector banks in India reported a drop in net interest margins. This decline was primarily caused by the costs associated with foreign currency non-resident deposits. Analysts noted that the leveraged nature of these deposits significantly impacted profitability. Additionally, banks faced pressure from faster repricing of assets as interest rates declined.

The Indian government is engaging in discussions about measuring Scope 3 emissions for exporters. This consideration arises as trade partners impose tighter green requirements globally. Current frameworks focus on direct emissions and exclude indirect ones, making compliance more complex. As a result, industries, especially MSMEs, may face compliance burdens if new requirements are implemented. Ultimately, the aim is to ensure that Indian exporters remain competitive in international markets.

Over the past few months, hardly a day has gone by without Kumaraswamy issuing statements, holding protests or raising fresh allegations against the state government. His attacks have intensified following Congress leader Siddaramaiah's police complaint seeking action against content linking him to an alleged honey-trap episode.

The Ramleela performance in Mohra village was suspended following the death of an elderly local woman. Villagers mourned Gafooran's passing, as she was seen as a family member in the community. Adarsh Ramleela Committee decided to halt the performance out of respect for her contributions. Her death had a profound impact, casting a shadow over the village. Villagers expressed their deep sorrow and loss in response to her passing.

Poultry farmers are currently experiencing losses of approximately 15% due to rising livestock feed costs. Key ingredients have seen price increases of up to 75%, affecting farmers' ability to cope. Dairy producers, particularly in drought-affected regions, struggle to source necessary fodder for their livestock. Feed manufacturers are also feeling the impact as higher prices reduce demand for their products.

Actor Tiger Shroff recently became a victim of a murder attempt, although he survived the attack. Son of 90s star Jackie Shroff, Tiger too has established himself in the realm of action films. However, his childhood was anything but bereft of struggles. In an old interview, he had opened up on how he had witnessed his family go through a financial crisis.

Central Bank of India anticipates a 33% decline in bancassurance fees due to proposed regulations. Canara Bank expects a 145-crore hit to its fee income from similar changes. Axis Bank aims to mitigate losses through increased sales volumes and alternative income sources. HDFC Bank has not yet assessed the potential impact of the new rules.

The seven-member drafting committee panel, headed by retired Supreme Court Justice Ranjana Desai, has opened a website for the people, where 37 questions are being asked and citizens are asked to give in their opinions before November 15. Maharashtra Chief Minister Devendra Fadnavis has already said that the state will bring in a UCC bill during the Winter assembly session in Nagpur at the end of the year.

Jailer 2, a film starring Rajinikanth, has not been released in major Hindi theaters due to a disagreement. The producer declined to extend the theatrical window from four weeks to eight weeks. Southern films are increasingly prioritizing streaming rights over traditional box-office success, impacting overall profitability. Analysts believe that longer theatrical runs benefit producers and the film ecosystem as a whole.

Anup Bagchi is set to take charge as MD and CEO of HDFC Bank starting October 27. He is currently familiarizing himself with the bank's balance sheet and profitability structure. Bagchi aims to engage with regulators, customers, and stakeholders to gather insights before implementing changes. His focus is on understanding the organization's operations rather than rushing into strategic alterations.

Orders for three variants of Old Monk rum have been suspended by the defence ministry's canteen stores department due to regulatory action taken by the FSSAI in Maharashtra. This suspension, which affects sales across CSD's network, follows concerns over product labeling and deceptive marketing practices related to these alcoholic beverages.

An Army officers wife has been booked in Jammu in an alleged espionage case for reportedly preparing research papers on sensitive national security issues using AI tools ChatGPT and Claude. Officials, as cited by PTI, alleged that she was in contact with foreign nationals, including individuals suspected of links to Chinese intelligence agencies. Her mobile phone has been seized for forensic examination, and investigators are probing whether sensitive information was shared.

Haier India plans a 7,000 crore investment in a manufacturing facility in Andhra Pradesh, marking its largest investment in the country. The facility, expected to create 21,000 jobs by 2032, will focus on producing various home appliances and is strategically located in the rapidly growing Tirupati-Chennai-Nellore electronics corridor.

Tata Sons is reviewing its Articles of Association to comply with Sebi listing regulations, which may impact the influence of Tata Trusts on board appointments. This scrutiny follows the RBI's rejection of Tata Sons' application to relinquish its core investment company registration, necessitating compliance with strict governance standards for listed entities.

After sending vehicles connected to Starshield to Europe to conduct speed checks and finding they operated normally outside Ukraine, officials in Kyiv concluded that restrictions are on the territory of Ukraine - so it is a planned operation, Volodymyr Zelenskyy said.

Uniqlo reported a significant increase in revenue for the year ended March 2026. The revenue rose 44% year-on-year, reaching 1,724 crore as net profit also increased. This growth occurred despite challenges faced by other apparel retailers in India. Uniqlo plans to expand its presence through new stores and enhance customer engagement via digital platforms. The Indian apparel market is projected to grow significantly in the coming years.

Amid rising food inflation, many Indian restaurants are implementing various strategies to manage costs. These strategies include pausing high-cost menu items and introducing smaller portions for diners. Increased operational expenses due to regulatory compliance have also led to price hikes for consumers. Many restaurant operators indicate they must share some inflation costs with patrons to maintain profitability. Consequently, price increases of 10-15% are expected across several restaurants

India's government has clarified that it will not regulate ticket prices for airlines under new rules. The new air fare regulations will allow the government to set limits during extraordinary situations like natural calamities. Airlines will need to get their fares approved by the Directorate General of Civil Aviation a month in advance. Recent data indicates that average airfares this festive season have increased significantly due to higher fuel costs.

A tragic stampede occurred at the Chorbagan Durga Puja pandal resulting in the deaths of 19 individuals. Over 25 people were injured during this incident attributed to poor crowd management and narrow lanes. Seven people have been arrested, including organisers and security personnel, while government officials visited the injured. Financial support has been announced for the families of the deceased and injured individuals.

Beavers are transforming human-altered streams across Switzerland by building dams that create new habitats for aquatic wildlife. A study of 16 streams found that their activity boosted biodiversity, benefiting species such as amphibians, dragonflies, aquatic plants and plankton. However, the gains varied depending on land use and local conditions, highlighting how beavers could help restore damaged waterways beyond natural wilderness areas.

A high-powered committee led by a Calcutta High Court judge will probe the adverse incident at the Chorbagan Puja Committee. To improve crowd control, nine IPS officers have been assigned to manage the festivals crowds effectively. The disaster management secretary and other officials are inspecting various puja pandals to ensure safety measures. Compensation cheques of 25 lakh will be distributed to the bereaved families on specified dates.

Jantar Mantar has recently been officially designated as a site for demonstrations in India. Jantar Mantar's transformation follows a history of protest locations like the Boat Club lawns. The change brought about noticeable effects on protest dynamics across the region. While protests do not fade away, they often shift in location based on official designations. Authorities face increased scrutiny to manage and maintain these designated sites appropriately.

Vijay Sethupathis latest Tamil film Baththa has drawn attention for its mix of gangster drama, comedy and emotional storytelling. Set in 1986 Madras, the film follows a feared gangster whose life takes an unexpected turn after an eight-year-old boy accidentally traps him inside a deserted school toilet. Directed by Balaji Tharaneetharan, the movie also stars Lijomol Jose and marks the duos third collaboration.

International investors have raised concerns regarding the Indian Income-tax authorities' invocation of the judicial anti-avoidance rule. At a recent meeting, investors communicated their issues with the Central Board of Direct Taxes on this matter. The use of JAAR to deny relief on grandfathered shares contradicts prior regulations established by the CBDT. The standing of both GAAR and JAAR remains complex due to Supreme Court rulings.

Big Four professional services firms in India have emerged as major players in the Global Capability Centre sector. These firms are generating substantial revenue as multinational companies shift focus to higher-value work. Competition in the sector is intensifying due to the involvement of various specialist operators and new technologies. Firms are increasingly seeking long-term partnerships with multinationals while adapting their services to meet evolving demands.

Karan Veer Mehra recalls the moments after gunmen opened fire at Tiger Shroffs car in Mumbais Juhu area, revealing that his vehicle was right behind the actors. The Bigg Boss 18 winner described hearing gunshots, initially mistaking them for firecrackers and later seeing blood at the scene. While Shroff escaped unhurt, his driver and another person were injured.

Northeast Frontier Railway (NFR) has introduced technology-driven on-board services in five superfast trains to improve cleanliness, hygiene and passenger comfort. The initiative covers the KamakhyaSMVT Bengaluru Express, GuwahatiKolkata Garib Rath Express, DibrugarhMumbai LTT Express and two Vande Bharat Express services. The upgrades include improved coach cleaning, washroom maintenance, digital monitoring, AI-based cleaning assessments and a two-hour target for resolving passenger complaints.

Tiger Shroff was recently attacked by three assailants who came riding motorcycles and opened fire on him. While the Baaghi star escaped unscathed, his driver was among those injured. The Lawrence Bishnoi gang has claimed responsibility for the incident. Known for films such as Baaghi, Ganapath, etc., Shroff is known to live a luxurious lifestyle off-screen.

Tiger Shroff was reportedly caught in a firing incident in Mumbai's Juhu on Sunday evening, prompting a police investigation. The actor, who was taken to Nanavati Hospital, was reported to be safe. Amid the incident, here's a look at his estimated net worth, film fees, brand endorsements, businesses and luxury property investments.

On October 18, a shocking gunfire incident occurred involving Tiger Shroff in Mumbai's Juhu area. Fortunately, Shroff remained unharmed, though his driver did suffer injuries, prompting a police investigation. A video emerged featuring a man taking responsibility for the attack, claiming Shroff disregarded warnings. Maharashtra's minister reassured that Shroff is safe and stated that senior police officials are on the case.

Bharti Airtel is the first telecom company to introduce voice-and-SMS-only prepaid plans without mobile data. These new offerings align with the Telecom Regulatory Authority of India's recent regulations aimed at reducing tariffs. The plans, priced at Rs 185, Rs 203, and Rs 206, provide unlimited calls and SMS with varying validity. This initiative targets customers who primarily utilize voice and messaging services, particularly feature phone users.

Tiger Shroff's firing incident in Mumbai has brought attention back to security concerns in Bollywood. From Rakesh Roshan surviving a shooting in 2000 to Salman Khan facing gunfire outside his Bandra residence, here are five cases involving Bollywood personalities who were targeted in firing incidents or faced threats to their lives.

Eight workers tragically lost their lives after being struck by a speeding car in Punjab's Sangrur district. The incident occurred on Lehragaga-Jakhal road near Alisher village while the workers were engaged in their duties. Authorities indicated that five workers died on the spot, while others sustained varying degrees of injuries. The district administration is providing necessary medical assistance to the injured individuals following the accident.

Maharashtra Food and Drug Administration suspended the licenses of Reliance Retail warehouses after inspections showed safety violations. The inspections revealed issues such as rodent infestation, improper storage, and expired products. In another facility linked to Blinkit, cold-room temperatures exceeded safe limits, and employees lacked necessary food safety training. The FDA registered FIRs and seized a significant quantity of expired products.

Anand Mahindra recently reflected on his trips to Rishikesh in the early days of filmmaking, remembering Bankhandi Baba and meals at the Chotiwala restaurant. Responding to the transformation of the holy city, which features new riverfront promenades and improved public areas, he voiced optimism that modernisation would maintain Rishikeshs spiritual allure and cultural essence.

The India Meteorological Department (IMD) has forecast continued rainfall across southern India from October 19 to October 24, 2026, with isolated heavy to very heavy rain likely in Tamil Nadu, Puducherry, Kerala, Karnataka and parts of Andhra Pradesh. Thunderstorms, lightning and gusty winds are also expected in several regions. Here is the state-wise weather forecast, including rainfall warnings, affected dates and the IMD's fishermen advisory for the southwest Arabian Sea.

US President Donald Trump has endorsed Israeli Prime Minister Benjamin Netanyahu, highlighting his leadership against Iran and calling him a reliable partner. Trump emphasized that Iran's threatening rhetoric could lead to serious consequences and commended Netanyahu's strength in dealing with various pressures. He warned of potential US involvement if the leadership in Israel changes. Trump's support is labeled as a complete and total endorsement for Netanyahu's re-election campaign.

Tiger Shroff attack: Bollywood actor faced an alarming shooting incident while leaving a football ground in Juhu, Mumbai. Three motorcycle-borne men opened fire near his vehicle, injuring his driver and another person. While Tiger Shroff himself was unharmed, the police have launched an investigation into the shooting. A man claiming to represent the Lawrence Bishnoi gang allegedly took responsibility for the attack.

Bhilai Steel Plant, a unit of SAIL, has dismissed privatization rumors as false and misleading. The Ministry of Steel and PIB Fact Check confirmed that these reports are untrue. Allegations were made by Congress leader Bhupesh Baghel regarding a potential Adani Group visit to the plant. Concerns among employees and local residents over job security and plant future were raised.

France protests on October 17 drew attention to a viral TikTok campaign that reportedly garnered 132 million views and 18 million likes. The online mobilisation revived memories of the 2018 Yellow Vests movement, as students, workers and protesters voiced anger over rising fuel prices, living costs and deteriorating public services.

India's merchandise exports increased significantly across different regions from April to August this fiscal year. Exports to Africa saw a notable rise of 47 percent, reaching USD 26.19 billion. The ASEAN region also experienced a substantial growth of 56 percent in exports, totaling USD 23.08 billion. Furthermore, shipments to North-East Asia rose by 37 percent, amounting to USD 21.03 billion. Overall, India's total merchandise exports rose by 18.