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National News

The Hindu Businessline

National / The Hindu Businessline

Karnataka High Court strikes down enhanced SC/ST quota, upholds 50% reservation ceiling

The ruling follows two petitions challenging the constitutional validity of Karnatakas law that raised overall reservation for SCs, STs and OBCs to 56 per cent

16 Oct 2026 3:02 pm
Gold, Silver rebound on softer Dollar and falling yields; domestic gains capped by Rupee strength

The recovery follows Thursdays rebound, which was supported by a decline in the 10-year US Treasury yield to a three-week low

16 Oct 2026 2:18 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

16 Oct 2026 2:10 pm
Federal Bank posts record 1,386 crore quarterly profit, NPA hits decade low

Net Interest Income rose 26.38% year-on-year to 3,153.40 crore, outpacing advances growth of 21.66%

16 Oct 2026 2:08 pm
SEBIs Credit Risk-o-Meter may make bond risks easier to compare

Six colour-coded categories is expected to help investors assess credit risk across debt securities, with mandatory disclosures on offer documents, advertisements and online bond platforms

16 Oct 2026 2:06 pm
Centre caps trade margins on non-scheduled cancer drugs at 30%, SC asks why other medicines left out

The bench gave the Centre until October 27 to work out the modalities for capping medicine prices

16 Oct 2026 2:06 pm
Tea prices drop at Kochi auctions on weak upcountry, subdued demand

Traders said that most of the upcountry buyers stayed away from the market in Sale 42 on account of long Puja holidays, leading to a weak purchase and the trend is likely to continue for the next auctions as well

16 Oct 2026 2:03 pm
Todays Gold Rate in India October 16: Gold prices steady in Delhi, Mumbai, Kolkata, Chennai, Bengaluru

22, 24 carat Gold prices remain steady across metro cities on October 16

16 Oct 2026 2:02 pm
16 Oct 2026 2:02 pm
Persistent Systems to raise up to 8,000 crore via bonds

IT firm plans shorter-duration papers of up to five years to refinance bridge loan for Nagarro acquisition

16 Oct 2026 2:01 pm
Sunil Bharti Mittal named Knight of the National Order, Frances highest civilian distinction

Mittal honoured for his role in deepening economic ties between India and France and achievements in telecommunications and digital infrastructure

16 Oct 2026 2:00 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

16 Oct 2026 1:54 pm
Neither approved nor disapproved, SC clarifies stance on Form 6 alterations

The remarks came in response to a petition filed by Priya Mishra against the Union government challenging the alterations made to Form 6 to register new voters during the SIR exercises

16 Oct 2026 1:52 pm
Nexus Select Trust appoints Siddharth Nawal as MD and CEO-designate

Nawal has played a key role in developing the retail real estate investment trust and has served on its board since November 2025

16 Oct 2026 1:49 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

16 Oct 2026 1:48 pm
Stock to buy today: HDFC Life Insurance Company(555)

We anticipate a breakout of 565 soon, which will turn the outlook bullish

16 Oct 2026 1:32 pm
UPL shares jump 5% on speciality chemical business prospects

The brokerage said Superform is targeting revenue growth of 2023% annually, with phosphorus and cyanide chemistries emerging as key growth drivers

16 Oct 2026 1:28 pm
Nirmala Sitharaman invites World Steel Association to open office in India

Indias rising steel production and infrastructure-led consumption are strengthening its role in the global industry, even as worldwide capacity pressures persist

16 Oct 2026 1:28 pm
HDFC Bank shares near 728 ahead of Q2 results; Sell orders at 77%

The stock opened at 727.90, touched an intraday high of 734.90 and a low of 726.05, against a previous close of 726.85.

16 Oct 2026 1:21 pm
ICMR to establish a high-altitude medicine centre in Himachal Pradesh for soldiers and communities

The centre will focus on the health implications of low oxygen levels, extreme cold and changing climatic conditions

16 Oct 2026 1:06 pm
Tamil Nadu eyes $1.5 trillion economy by 2036, bets on six cities beyond Chennai

A new Credai Tamil Nadu-JLL report calls for advance approvals, faster land development and coordinated infrastructure to accelerate urban growth across the State

16 Oct 2026 12:57 pm
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.

16 Oct 2026 12:57 pm
Russia rejects Zelenskiys 60-day ceasefire proposal, seeks long-term peace deal

Moscow says a temporary truce is insufficient, as the dispute over wartime elections and Ukraines leadership continues

16 Oct 2026 12:50 pm
Derivatives trading volumes may recover after settlement rule changes, analysts say

From December 7, derivatives contracts on expiry days will once again be settled using the volume-weighted average price of the last 30 minutes of regular trading

16 Oct 2026 12:49 pm
Anthropic, Open AI and the hyperscalers: The balance sheets that threaten to throw AI off balance

A deep dive into off balance sheet debt and variable interest entities - key aspects in the AI universe that have been making ripples recently

16 Oct 2026 12:46 pm
India office leasing stays flat at 66.7 million sq ft; Hyderabad leads with 50% growth

Knight Frank said expanding Global Capability Centres, flex operators and India-facing businesses are supporting demand despite an uncertain global business environment.

16 Oct 2026 12:46 pm
Rupee gains 96 paise, but Nifty falls 157 points on crude, FII outflows

Nifty 50 fell 157.10 points, or 0.70%, to close at 22,363.35, while the Sensex declined 547.65 points, or 0.76%, to 71,924.68

16 Oct 2026 12:42 pm
Tamil Nadu govt steps in to curb food inflation, fine rice to be sold at 30 per kilo

The move comes as retail prices of rice in the open market have surged to 75 to 85 per kg.

16 Oct 2026 12:34 pm
SEBI notifies common ad code for market intermediaries; allows celebrity endorsement for brands

The Common Advertisement Code will apply to regulated entities stock brokers, depository participants, investment advisers, research analysts, online bond platform providers, portfolio managers, and mutual funds/asset management companies.

16 Oct 2026 12:26 pm
Saudi Aramco studying new crude export routes, overseas storage expansion

The move comes as global energy markets face disruptions stemming from ongoing conflicts in the region

16 Oct 2026 12:24 pm
Tamil Nadus new semiconductor scheme delinks Sops from Centres approval, incentivises local hiring, sourcing

The new scheme also extends incentives to semiconductor equipment, materials, chemicals, gases, testing and R&D infrastructure, in addition to setting up fabs, OSAT and packaging units

16 Oct 2026 12:18 pm
Airports in Bengaluru, Canada's Vancouver sign agreement

The agreement was signed in the presence of Canada's Minister of International Trade, Maninder Sidhu and other dignitaries

16 Oct 2026 12:16 pm
CERT-In issues 'critical' alert after autonomous AI agents access live systems of Indian organisations

The incidents came to light following an internal review by the AI model provider

16 Oct 2026 12:08 pm
Jantar Mantar denotified as protest site, police names three new venues

Ramlila Maidan, Burari Ground and CBD Ground are the new designated sites for protests and demonstrations

16 Oct 2026 12:01 pm
Deloitte projects India's GDP to grow 7.1-7.3% in FY27

Majumdar said a shift towards investment in strategic sectors such as semiconductors, electronics, defence manufacturing, clean energy and AI infrastructure will add to the private capex momentum since these sectors require substantial upfront investment

16 Oct 2026 11:56 am
Banks seek RBI relief, clarity on India's latest rupee-defence measures

Banks urge RBI to replace 20% cash deposit for hedges with flat fee; seek higher minimum deposits amid rupee volatility

16 Oct 2026 11:54 am
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

16 Oct 2026 11:49 am
16 Oct 2026 11:49 am
India equity mutual fund inflows hit 5-month high in September despite Nifty slump

Total equity mutual fund inflows jumped about 31% month-on-month

16 Oct 2026 11:42 am
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.

16 Oct 2026 11:38 am
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

16 Oct 2026 11:38 am
Gold gains on weaker oil, dollar; US inflation data in focus

US gold futures for December delivery gained 0.1% to $4,221.80

16 Oct 2026 11:15 am
McKinsey strips partner of leadership role over LinkedIn posts on challenges faced by women in the workplace

Chris Bradley was removed from his leadership role following a review of his LinkedIn posts on the workplace glass cliff for women

16 Oct 2026 11:06 am
Anti-India hatred turning into violence: US lawmakers

A 19-year-old was arrested in Palatine near Chicago for planning a mass shooting at the Sri Venkateswara Temple in Aurora, Illinois on Sunday

16 Oct 2026 11:05 am
FM holds talks with global financial leaders in Singapore, pitches for boosting investment in India

During her meeting with MUFG Asia Pacific CEO Yukinobu Saeki, they discussed expanding the Japanese financial groups presence in India

16 Oct 2026 11:02 am
Fairfax proposes to contributeits interests in Digit, IIFL Capital to IDBI Bank

Fairfax CEO emphasises that combining IDBI Bank, Digit, and IIFL Capital would create an entity that is well-positioned to participate in the continued growth and success of Indian markets

16 Oct 2026 11:01 am
World leaders, governments condemn attack on Riyadh airport that killed at least 13

US President Donald Trump said on Saturday that Washington was considering joining Saudi strikes against Yemen's Houthi rebels

16 Oct 2026 11:00 am
Tech Mahindra shares jump 7.6% after Q2 results, Jefferies upgrades stock

At 10.32 am, the stock traded 7% higher at 1,764.40 on the NSE after rising to 1,776.50 from 1,650 previous close

16 Oct 2026 10:59 am
Trump says Russia, Ukraine agree to 'energy ceasefire' but Kyiv says attacks continue

Trump's brief social media post said only that the ceasefire took effect immediately, adding: Do not break it!

16 Oct 2026 10:56 am
57th GST Council meet enhances business confidence

GST has come to be a key enabler of investment, economic growth and a tool to enhance Indias global competitiveness

16 Oct 2026 10:49 am