Foreign Portfolio Investors (FPIs) withdrew Rs 13,138 crore from Indian equities in the first half of September, driven by heightened global uncertainty, rising crude oil prices, firm US bond yields, and a strong dollar, impacting risk appetite.
Media baron Subhash Chandra has clarified that the total claim against him in personal insolvency proceedings is Rs 3,992 crore, not Rs 22,000 crore as claimed by dissenting creditors, asserting he was only a personal guarantor and not the borrower.
The Mumbai Cricket Association (MCA) has significantly increased its subsidy corpus for affiliated clubs to Rs 500 crore over the next decade, aiming to bolster grassroots cricket infrastructure. Additionally, the MCA decided to name lounges at the iconic Wankhede Stadium after cricket legends Sachin Tendulkar, Ajinkya Rahane, and late Madhav Mantri.
Indian benchmark equity indices, Sensex and Nifty, significantly recovered from sharp early losses, driven by buying in State Bank of India and Reliance Industries, alongside fresh foreign fund inflows, despite declines in Axis Bank and HDFC Bank.
Rashmika Mandanna, Kriti Sanon, Ranveer Singh, Gauri Khan and more stars celebrate Swadesh's first anniversary in style, dressed in stunning traditional ensembles.
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.
Television actress Urmila Sanawar faces a fresh First Information Report (FIR) in connection with the Ankita Bhandari murder case, a day after her arrest in Uttar Pradesh. The new FIR, filed by a Dehradun resident, alleges "objectionable and defamatory allegations" made by Sanawar against Sikkim Governor Dushyant Kumar Gautam and BJP national general secretary BL Santosh. Sanawar is scheduled to undergo a narco-analysis test as part of the CBI inquiry, while the Uttarakhand Congress has criticised her arrest, claiming it is an attempt to shield influential individuals involved in the murder case.
Indian banks are projected to achieve healthy profit growth in the second quarter of financial year 2027 (Q2FY27), driven by lower credit costs, robust advance growth, and fee income. However, net interest margins (NIMs) are expected to face pressure due to significant mobilisation of foreign currency non-resident (bank) FCNR(B) deposits.
An Assistant Sub-Inspector (ASI) in Haryana's Nuh district was arrested on Monday by the State Vigilance and Anti-Corruption Bureau for allegedly accepting a bribe of Rs 20,000. The ASI, identified as Ashok, had reportedly demanded the money to remove a complainant and his wife's names from an ongoing case.
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.
The National Company Law Tribunal (NCLT) has dismissed a plea by Jet Airways' liquidator seeking a Rs 500 crore refund from Boeing, ruling that the matter involves a complex contractual dispute requiring detailed adjudication and evidence beyond the tribunal's insolvency jurisdiction.
The Kabaddi Champions League (KCL) Season 2 auction is set to take place on Saturday in New Delhi, featuring over 300 players and a total player purse of Rs 5 crore. Prominent players like Naveen Goyat, Sunil Malik, and Ayan Lochab, along with other Asian Games squad members, are expected to be key attractions for the 10 franchises, including new additions Kurukshetra Knights and Jhajjar Jaguars.
Indian benchmark indices Sensex and Nifty traded lower in early sessions due to profit-taking and significant foreign institutional investor (FII) outflows, despite strong performance from IT stocks like Tech Mahindra. Track Sensex, Nifty on October 16.
The Supreme Court has questioned the Centre's decision to cap trade margins on anti-cancer drugs at 30 per cent, asking why similar restrictions could not be extended to other medicines and medical consumables, citing glaring disparities between procurement costs and maximum retail prices (MRPs).
Raipur is set to host all three matches of the India-Zimbabwe women's T20I series from October 16 to 20 at the Shaheed Veer Narayan Singh International Cricket Stadium, with ticket sales opening on October 12.
Equity mutual fund schemes in India attracted a net inflow of Rs 29,329 crore in August, marking the highest in four months, primarily fuelled by strong investor interest in mid-cap and small-cap funds.
Lithium-ion battery recycling firm NAN Silox GreenMet Pvt Ltd has appointed Vijay Pasupathy as its Chief Executive Officer. The company is advancing plans to establish a Rs 1,400-crore critical metals recycling facility in Naidupeta, Andhra Pradesh, aiming to boost domestic capabilities in processing recovered critical metals and reduce reliance on imports.
The BCCI has announced new associate partnerships with Campa, SBI Life, and ChatGPT for India's home cricket matches. These deals are valued at over Rs 130 crore for two seasons, marking a 44% increase over the previous cycle and extending until March 2028. The partnerships highlight the growing commercial appeal and versatility of Indian cricket.
Four inter-state drug peddlers were arrested in Chatra, Jharkhand, with 2.5 kg of opium valued at Rs 20 lakh and Rs 4 lakh in cash. The arrests followed a tip-off, and the seized opium was reportedly destined for Punjab. One of the accused has a criminal history.
Keralam Home Minister Ramesh Chennithala has assured a government job to the eldest of two girls whose parents and paternal grandmother were murdered by a neighbour. The minister met the girls and promised to take steps to secure the job, which was also recommended by the court that sentenced the killer to death.
'Borrowers may stop EMIs if the loan or tripartite agreement expressly permits suspension, including where disbursements or repayments are linked to specified construction milestones.'
Anup Bagchi, the incoming MD & CEO of HDFC Bank, is set to become India's highest-paid bank CEO with a proposed target annual compensation package of approximately 35.9 crore, including a significant variable pay component and a one-time joining bonus.
Pranav Adani's visit to the Singapore Grand Prix has intensified speculation about Formula 1's return to India. The Adani Group, which owns the Buddh International Circuit, is actively pursuing the revival of the Indian Grand Prix, with support from the Indian government. However, significant financial and logistical challenges, including tax clarity and substantial upgrade costs, must be overcome amidst increasing global competition for hosting races.
A report by IIT-Bombay professors recommends reducing the Merchant Discount Rate (MDR) on UPI transactions from 0.40 per cent to 0.08 per cent. It suggests that banks should fund the UPI ecosystem using their net interest margins from CASA deposits, rather than relying on MDR. The report also addresses transaction costs, credit card MDR, and ATM withdrawal allowances, aiming to ensure UPI's long-term sustainability and public trust by proposing remuneration only from large merchants.
Police in Shahdol district seized 735 kg of cannabis, valued at Rs 1.13 crore, from a suspicious truck during a night patrol on Monday. Two individuals from Uttar Pradesh and Jharkhand were arrested, and a case was registered under the NDPS Act.
The Vivo V80 brings together a high-resolution AMOLED display, Zeiss-powered cameras and a large 7,200 mAh battery, making it a feature-packed option in the premium smartphone segment.
Bengaluru police arrested two individuals for transporting 317 kg of ganja, worth Rs 1.78 crore, from Odisha to Kerala. The arrests were made on October 12 after intercepting a car in Bengaluru. The accused had travelled to Odisha to purchase the ganja at a low price, intending to sell it for a higher price in Kerala. A case has been registered under the NDPS Act, and investigations are ongoing to identify others involved.
A panel supported by Congress MLC Satej Patil has won the election for the Kolhapur District Cooperative Milk Producers' Union (Gokul Dairy), defeating the Mahayuti-backed group led by NCP minister Hasan Mushrif. This victory marks a setback for the ruling Mahayuti alliance in western Maharashtra and gives the Patil-backed panel control of the influential cooperative's board.
Fashion model and social media influencer Shraddha Dubey, accused in the alleged murder of Lucknow cafe owner Shiva Sharma, claims Sharma committed suicide by jumping from her balcony due to heavy debt. Dubey has released videos denying her involvement and expressing her desire to cooperate with the police, while Sharma's family alleges torture and murder. Police are investigating and seeking to arrest Dubey and other absconders.
The CBI has arrested Anil Kumar, a senior executive at Munitions India Limited (MIL), for allegedly taking bribes and disclosing sensitive defence information related to a Rs 500 crore supply contract. The FIR also names SMPP CEO Ashish Kansal. Kumar is accused of routing illicit proceeds through family members, compromising national security.
Palghar police have appealed to victims of a ponzi scheme run by Rich 2 Money Private Limited to register complaints. The Economic Offences Wing has identified 48 defrauded investors, losing Rs 5.91 crore, with the company promising high returns on investments in share markets and F&O trading.
Canadian billionaire Prem Watsa's Fairfax Financial Holdings will utilise the expertise of Deepak Parekh and Paresh Sukthankar, former HDFC leaders, as it moves to acquire a 60.72 per cent stake in IDBI Bank for 52,878 crore, with N S Kannan proposed as chairman.
A sub-inspector in Arunachal Pradesh was arrested for accepting a Rs 65,000 bribe to release documents related to a road accident case, after demanding Rs 1.5 lakh. The Anti-corruption Bureau caught him red-handed.
A report by IIT Bombay suggests that the proposed Merchant Discount Rate (MDR) framework for Unified Payments Interface (UPI) transactions needs rationalisation before implementation to safeguard public trust in the digital payments system, highlighting that UPI's long-term economic benefits outweigh potential incremental income from merchant fees.
A special court in Latur, Maharashtra, has sentenced Chumbalya alias Ritesh Rajnand Kasbe to 20 years of rigorous imprisonment for sexually assaulting an eight-year-old girl last year. The verdict was delivered under the Bharatiya Nyaya Sanhita and POCSO Act, with the court also imposing a Rs 5,000 fine.
A Kottayam Vigilance Court has sentenced former Kerala DGP Tomin J Thachankary to four years of rigorous imprisonment and imposed a fine of Rs 30.84 lakh in a disproportionate assets case. This marks the first time a DGP-rank officer in Kerala has been convicted for such an offence, with the court finding him guilty of amassing wealth 135.80 per cent in excess of his known income between 2003 and 2007.
Ramlila Maidan, recently designated as one of Delhi's new protest sites, is proving to be a costly and difficult option for demonstrators. With no free dates for the next two and a half months and booking fees exceeding Rs 1 lakh, it contrasts sharply with the previously free Jantar Mantar. The ground, rich in political history, also poses logistical challenges due to its busy commercial location and impact on traffic.
The Enforcement Directorate has arrested Rakesh Kumar Gupta, Chairman of Sadhna Group, in a money laundering case linked to alleged irregularities in IBC processes. He is accused of engineering insolvency to settle significant Income Tax dues for a fraction of the amount, receiving cash via crypto/hawala, and share manipulation. The alleged proceeds of crime total Rs 168 crore, and Gupta has been remanded to five days of ED custody.
Police in Palghar district, Maharashtra, have seized banned gutka worth over Rs 54 lakh in two separate operations, leading to the arrest of five individuals. The seizures occurred in Vasai and Nalasopara East.
Police in Alirajpur, Madhya Pradesh, seized 2,040 cannabis plants valued at Rs 1 crore from two fields on Sunday, leading to the booking of two individuals under the NDPS Act.
