The Indian government has approved Fairfax Financial Holdings’ bid to acquire a controlling stake in IDBI Bank in a transaction valued at approximately Rs.52,878 crore, according to market reports. The proposed deal concerns a 60.72% stake and marks a significant development in the lender’s ownership process.
Tyre manufacturer CEAT Ltd. reported a decline in September-quarter profit even as revenue increased, according to reports published on Thursday. Revenue rose 26.2% year-on-year, while net profit fell by nearly 40%, with higher raw-material costs weighing on profitability.
Indian equity benchmarks advanced on Thursday, supported by buying in information technology, financial and heavyweight stocks. By around 10:12 a.m. IST, the Nifty 50 had climbed 1.15% to 22,881.90, while the BSE Sensex gained 1.21% to 73,656.40.
Paramotor Digital Technology has filed an updated draft red herring prospectus (UDRHP) for its proposed Rs.1,000 crore initial public offering following regulatory approval, according to IPO-market reports published on October 15.
Ukrainian President Volodymyr Zelenskyy has said that Ukraine will resume attacks on Russian oil refineries, amid growing disagreements with the United States over military strategy and energy supplies. The announcement follows concerns about reduced US intelligence support and the reported weakening of Starlink communications during Russian attacks.
International gold prices remained under pressure as investors assessed stronger US inflation data and the possibility that interest rates could remain elevated for longer. Gold was reported near $4,155 an ounce, while silver traded around $59.04 an ounce in recent market updates.
Eswari Global Metal Industries has received regulatory approval for a proposed IPO featuring a fresh issue of shares worth up to Rs.500 crore, according to IPO-market updates on October 15.
The Securities and Exchange Board of India is reportedly considering changes to the framework governing small and medium enterprise (SME) IPOs. The proposals include a possible minimum-profit requirement and changes to market-making arrangements, aimed at strengthening eligibility standards and investor protection.
Date 16.10.2026 Technical Summary Nifty CMP 22997.35 As discussed yesterday market behavior remained on the expected lines during the day, as positive sentiments and re strike of buyers take the nifty rally extreme up to 23056.4 Further a strong bullish candle appeared on daily chart of nifty suggest continuation of positive momentum hence if nifty […]
Hyundai Motor India Ltd. has announced a phased investment of Rs.11,000 crore for its Pune manufacturing facility, according to reports published on Thursday. The planned investment is aimed at expanding production capacity and supporting the company’s manufacturing operations in India.
For those of you who are serious about having more, doing more, giving more and being more, success is achievable with some understanding of what to do.
