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Nifty, Sensex open flat after Tuesday's IT-led surge; crude, FII selling cap gains

New Delhi, Oct. 14 -- Benchmarks opened nearly unchanged on Wednesday, as persistent foreign institutional selling and elevated crude oil prices tempered momentum from the previous session's sharp rec... Read More


MFI constitute the largest share of lending portfolio in June 2026

New Delhi, Oct. 14 -- Lending from microfinance institutions constituted 43 per cent of the Rs.3.3 lakh crore of the loan portfolio balance in June 2026, according to data from Transunion CIBIL. This... Read More


Zetwerk raises Rs.2,251 crore from 99 anchor investors ahead of October 15 IPO

New Delhi, Oct. 14 -- Zetwerk Manufacturing Businesses has raised Rs.2,251.23 crore from 99 anchor investors ahead of its initial public offering (IPO), which opens for subscription on October 15. The... Read More


Review Govt'sdecision to sell majority stake in IDBI Bank: Employees' union

New Delhi, Oct. 14 -- The United Forum of IDBI Officers & Employees has demanded a review of the Government'sdecision to sell majority stake in IDBI Bank toFairfax Financial HoldingsLtd (FFHL)-bac... Read More


CCEA approves strategic restructuring of IDBI Bank, govt & LIC to get over Rs.52,000 crore

New Delhi, Oct. 14 -- The Union Cabinet on Wednesday approved the sale of a 60.72 per cent stake in IDBI Bank to Canada-based Fairfax Financial Holdings Ltd. This is the biggest foreign direct investm... Read More


DGCA to investigate hijack alarm scare on Air India flight

New Delhi, Oct. 14 -- India's civil aviation safety regulator, the Directorate General of Civil Aviation (DGCA), will investigate a false alarm scare on an Air India flight from Frankfurt to Delhi aft... Read More


CBI arrests Munitions India official, SMPP CEO over alleged leak of defence contract information

New Delhi, Oct. 14 -- The Central Bureau of Investigation (CBI) has arrested Anil Kumar, Executive Director of Munition India Ltd (MIL), his brother B Harshavardhan, and SMPP CEO Ashish Kansal on char... Read More


TN Revenue Augmentation Committee held its fifth meeting on Wednesday

New Delhi, Oct. 14 -- Tamil Nadu's Revenue Augmentation Committee, chaired by economist Montek Singh Ahluwalia, on Wednesday held its fifth meeting. The Committee presented its work to Secretaries an... Read More


HDB Financial Services PAT up 34.5% to Rs.780 crore in Q2

New Delhi, Oct. 14 -- HDB Financial Services net profit improved 34.2 per cent to Rs.780 crore in the quarter-ended September 30 2026, as against Rs.581 crore in the corresponding quarter of fiscal 20... Read More


Fairfax faces CSB conundrum after winning IDBI Bank bid; Merger emerges as likely route

New Delhi, Oct. 14 -- While Fairfax Financial Holdings Ltd (FFHL)-backed "10955230 Canada Inc." has emerged as the successful bidder in the strategic restructuring of IDBI Bank, FFHL will now face the... Read More