The Indian government has approved the sale of a 60.72 per cent stake in IDBI Bank Ltd to Canadian billionaire Prem Watsa's Fairfax Financial Holdings Ltd for approximately 52,878 crore, a move that reflects improving India-Canada ties and marks a significant turning point for the bank.
Domestic telecom gear maker HFCL reported its highest-ever quarterly consolidated net profit of Rs 394.22 crore for the second quarter ended September 30, 2026, a multi-fold increase from Rs 72 crore a year ago, primarily due to strong demand for optical fibre cables from AI data centres.
India's Women's T20 team secured a four-wicket victory over Zimbabwe in the first match of the bilateral series on Friday, overcoming an early batting collapse thanks to a crucial partnership between debutant Niki Prasad and veteran Deepti Sharma. Zimbabwe, led by Kelis Ndhlovu and Sharne Mayers, posted 114 for five.
Cisco Chairman and CEO Chuck Robbins stated that attempts to slow down AI development are futile. He emphasised that the primary focus should be on enhancing security and defensive measures to match AI's rapid advancement. Robbins also discussed the need for guardrails in AI model releases, the importance of cyber hygiene, and the balancing act between innovation and regulation, particularly for countries like India. He believes AI will not be a net job disruptor but will move people up the value chain.
A special CBI court in Mumbai denied bail to Sandeep Mistry, an associate of fugitive businessman Nirav Modi, in the multi-million-dollar Punjab National Bank (PNB) scam. The court cited Mistry's history of destroying evidence and his absconding for seven years as reasons for the denial, expressing concerns about securing his presence during the trial if released.
ideaForge Technology has received an order from the Survey of India for its Q6 V2 unmanned aerial vehicles. These advanced, DFCA-certified drones will enhance the Survey of India's ability to collect high-quality aerial and geospatial data for surveying and mapping across diverse terrains, offering efficient and rapid deployment for large-scale projects.
Google Cloud India's Managing Director, Sashikumar Sreedharan, has resigned to pursue a new opportunity. Amit Kumar, previously MD for Digital Natives, has been appointed as the interim head of India operations. The transition was announced by Karan Bajwa, President of Google Cloud Asia Pacific, who highlighted the company's strong momentum in India.
The National Investigation Agency (NIA) has filed its third chargesheet against Satyanarayan Meghwal and Sahil Godara in a case involving cross-border trafficking of arms and narcotics using drones. The accused, arrested in July this year, face charges under UAPA, Arms Act, NDPS Act, and BNS. The investigation reveals an organised syndicate using encrypted channels to smuggle weapons and drugs across northern India, targeting youth and fostering disaffection against India.
Punjab captain Uday Saharan scored an unbeaten 106 to guide his team to 269 for four against Chhattisgarh on Day 1 of their Ranji Trophy match. This came after India skipper Shubman Gill was dismissed for just one run. In another match, Manvanth Kumar's 86 not out helped Karnataka recover against Saurashtra.
L&T Technology Services (LTTS) reported a 66.78 per cent increase in consolidated net profit to Rs 548.2 crore for the July-September quarter of FY27, largely due to a one-time gain from the sale of its Smart World and Communication business. Revenue also grew by 12.1 per cent to Rs 3,040.4 crore. The company secured over USD 200 million in large deal wins, with a significant portion in AI-related projects, and launched an Engineering Intelligence Lab in partnership with NVIDIA.
L&T Technology Services (LTTS) reported a 66.78 per cent increase in consolidated net profit to Rs 548.2 crore for the July-September quarter of FY27, largely due to a one-time gain from the sale of its Smart World and Communication business. Revenue also grew by 12.1 per cent to Rs 3,040.4 crore. The company secured over USD 200 million in large deal wins, with a significant portion in AI-related projects, and launched an Engineering Intelligence Lab in partnership with NVIDIA.
Cummins India has announced the appointment of Gbile Adewunmi as its new Managing Director, effective November 1. Adewunmi, currently VP for Power Systems Industrial Markets, will also take on CEO responsibilities, highlighting India's strategic importance to Cummins.
Cummins India has announced the appointment of Gbile Adewunmi as its new Managing Director, effective November 1. Adewunmi, currently VP for Power Systems Industrial Markets, will also take on CEO responsibilities, highlighting India's strategic importance to Cummins.
Enzo Maresca, Manchester City's manager, has emphatically defended the club's achievements, rejecting any suggestion their titles were tainted by financial-rule breaches and stating the ongoing investigation would not have deterred him from taking the job.
Kakatiya Knights secured a decisive 6-0 victory over Mighty Marathas in their final round-robin match of the Archery Premier League. This win serves as a strong precursor to their upcoming clash in the first qualifier on Sunday, where both teams will vie for a spot in the final. The Knights' compound archers were particularly impressive, maintaining perfect scores despite challenging conditions.
The Indian government has revised its windfall tax on fuel exports, increasing the levy on petrol exports to Rs 2.5 per litre while cutting the duty on diesel exports to Rs 8.5 per litre, effective October 16.
Jio Platforms, the digital arm of Reliance Industries Ltd (RIL), is launching its initial public offering (IPO) with a price band of 1,065-1,119 a share, aiming to make RIL a net-debt-free company and create long-term shareholder value.
Expiry day can make an otherwise ordinary trading session feel unusually fast. Index prices may move sharply around important strikes, option premiums can change quickly, and a position that looked manageable in the morning can behave very differently later in the day.
Arsenal manager Mikel Arteta has signed a new contract, extending his tenure until 2030. The deal, reportedly worth 20 million annually, solidifies his position as the longest-serving coach in England's top flight. Arteta led Arsenal to a Premier League title last season and a Champions League final, with the club aiming for sustained success amidst rival Manchester City's financial sanctions.
Wasim Jaffer says India missed Rinku Singh's finishing prowess against West Indies, while cautioning against expecting Naman Dhir to bowl four overs and stressing his batting value.
Mahindra introduces the XUV 3XO ZNG, a compact SUV with a factory-fitted twin-cylinder CNG setup that aims to overcome common compromises in performance, drivability, and boot space. This first drive review highlights its turbocharged engine, clever packaging, refined performance, and robust ride quality, positioning it as a strong contender in the CNG SUV market.
Indian men's and women's hockey players and coaches, who won gold at the Asian Games, were felicitated by the Shivtrinetra Group with cash rewards of Rs 51,000 each on Wednesday. The felicitation aims to recognise their achievements and inspire young talent.
Sunil Gavaskar launched "Sanjay Jagdale: Rag-Rag Mein Cricket," a book detailing the life and contributions of former BCCI secretary Sanjay Jagdale. Gavaskar praised Jagdale's dedication to cricket, highlighting his roles as player, coach, and administrator, and expressed hope that the book would inspire young cricketers.
'In India, an MBA from a top college would have better opportunities as compared to an MTech from top colleges,' says rediffGURU Patrick D'souza.
Olympic and world champion javelin thrower Neeraj Chopra is focused on making a strong comeback next year after sustaining an ankle ligament injury, with his sights set on the 2028 Olympic Games.
India's para track and field athletes delivered an outstanding performance at the Aichi-Nagoya Asian Para Games, securing a total of six medals, including three gold. Long jumper Nishad Kumar, javelin thrower Rinku, and visually impaired middle-distance runner Soumya each clinched gold in their respective events on the opening day of athletics competitions. This strong showing placed India second only to hosts Japan in the medal tally for the day.
Arsenal manager Mikel Arteta has signed a new contract until June 2030, extending his tenure after guiding the club to their first Premier League title in 22 years and restoring their status as a top European team.
Investors are set to monitor quarterly earnings, crude oil prices, the Jio Platforms initial public offering, and foreign investor activity in the upcoming holiday-shortened week, according to market analysts.
Following South Africa's defeat in the 1st Test in Durban on Tuesday, October 13, Herschelle Gibbs wants Kagiso Rabada back, Marques Ackerman included and Ryan Rickelton moved down the order to keep wickets in the 2nd Test.
Chola Chiefs, already out of playoff contention, defeated defending champions Rajputana Royals 5-3 in the Archery Premier League Season 2. This loss jeopardises the Royals' chances of defending their title, leaving them with eight points and one match remaining. Chiefs' victory was attributed to a tactical change in their shooting order, with archers like Alejandra Usquiano and Rajat Chauhan playing crucial roles.
A suspect in a Rs 1.53-crore gold robbery and murder case in Rajkot was shot in the leg by police after he opened fire on officers during evidence recovery. The accused, Anurag Singh Rajput, was among 10 arrested for the October 14 robbery where an employee was killed.
West Bengal Chief Minister Suvendu Adhikari has initiated an investigation into the role of temporary home guards following a stampede at a Kolkata Durga Puja pandal that killed 19 people. Adhikari criticised the previous administration and highlighted issues with crowd management and the conduct of home guards during the incident. The probe will also include puja organisers and licensing authorities, while a Special Investigation Team (SIT) will be formed. Seven people, including organisers, have been arrested.
Delhi is under extraordinary security for the second day as the Cockroach Janta Party (CJP) continues its protest against Chief Election Commissioner Gyanesh Kumar. Over 30,000 police and paramilitary personnel are deployed, with heightened surveillance across the capital following detentions on Saturday.
Mona Agarwal staged a remarkable comeback to win the gold medal in the women's 10m air rifle (SH1) event at the Asian Para Games, narrowly defeating compatriot Avani Lekhara who secured silver. This one-two finish marked India's opening medal account and secured a second quota for the 2028 Los Angeles Paralympics.
The Indian women's cricket team is set to complete a 3-0 T20I series sweep against Zimbabwe in the final match in Raipur, buoyed by strong performances from captain Smriti Mandhana, Shafali Verma, and debutant Niki Prasad.
A 23-year-old man, Roni, was allegedly abducted and assaulted in Gurugram over an old dispute. He managed to escape when the car carrying him crashed into a cow on the Hansi-Barwala road while en route to Hisar. Police have arrested two accused, Nitin and Khush alias Manjeet, and are searching for other accomplices involved in the crime.
'India is a large source of Spotify's future audience growth because it is the largest market in the world.'
Indian pilot Smit Machchhar bravely recounts his terrifying mid-air ordeal aboard a flydubai flight last month, detailing how his quick thinking and survival instinct thwarted a co-pilot's planned suicide attack and saved over 170 lives.
Despite recent electoral losses to the newly formed Tamilaga Vettri Kazhagam (TVK) in both the April Assembly election and October 6 by-polls, the Dravida Munnetra Kazhagam (DMK) has demonstrated a robust and independent vote bank. Electoral data indicates that the DMK maintained significant voter support, securing its position as the principal opposition party and potentially a key challenger to the TVK in future elections, including the 2029 Lok Sabha elections.
India may turn to Bhuvneshwar Kumar and Kuldeep Yadav for the series-deciding T20I against West Indies as they look to strengthen their bowling attack.
