It must dilute its stake to 40% within 10 years and 26% within 15 years to comply with regulations MUMBAI: Canadian financial group Fairfax plans to consolidate its holdings in insurance and capital markets under IDBI Bank after being selected as the strategic buyer for a 60.7% stake in the lender for Rs 52,878 crore,…
Tech Mahindra shares raced ahead of the BSE Sensex pack on Friday, sprinting over 8%, to add around Rs 11,000 crore to its market value. The blockbuster gains came after the IT firm reported a 32.74% jump in consolidated net profit for the September quarter.Tech Mahindra, along with other IT stocks helped domestic equity benchmarks…
Top stocks to buy or sell today on October 16, 2026 Stock market recommendations: Aarti Industries, and Blue Star are the top stocks to buy today on October 16, 2026 as picked by Hitesh Rathi, Technical Analyst (Equity & Derivatives) at Angel One. The analyst has also identified Craftsman Automation as a sell call. Below…
Air India cancels all Saudi flights NEW DELHI: Air India has cancelled all flights to and from Riyadh, Dammam and Jeddah until October 20, as the situation in Saudi Arabia continues to evolve. The airline said that it is monitoring developments and assessing the situation to ensure flights could resume safely.“In view of the evolving…
Prem Watsa, founder & chairman, Fairfax Group India-born Canadian billionaire Prem Watsa, whose group Fairfax won the bid to buy 60.7% in IDBI Bank, is upbeat about India and its prospects. He discusses the way forward for the bank and synergies with Go Digit and IIFL. Excerpts:It’s been a long wait since the process started….
BSE Sensex rose 352.31 points, or 0.47%, to 74,667.92 on Friday, with IT stocks leading the gains. Tech Mahindra topped Sensex gainers, climbing 7.44% to Rs 1,771.40, followed by Infosys, which advanced 4.36% to Rs 1,159.40. TCS gained 3.51% to Rs 2,437.05, while Bharti Airtel rose 2.22% to Rs 1,893.10. Mahindra & Mahindra advanced 2.09%…
MUMBAI: Irdai is exploring ways to finance life insurance premiums against policy surrender values to help policyholders avoid premature surrenders and retain policies until maturity, chairman Ajay Seth said at Samvaad 2026, organised by Sahamati, the self-regulatory organisation for account aggregators.Many policyholders surrender policies when they need money or face a temporary income shortfall, particularly…
Mistry responded with a submission on Thursday, asking Bai Hirabai to file an affidavit stating that Noel Tata met the eligibility criteria. MUMBAI: Mehli Mistry has no standing to challenge how two Tata trusts are run, the trusts told the charity commissioner’s office on Thursday. Sir Dorabji Tata Trust (SDTT) and Bai Hirabai Jamestji Tata…
Finance minister Nirmala Sitharaman NEW DELHI: Finance minister Nirmala Sitharaman has called for an early conclusion of the India-US trade agreement, stressing its importance for bilateral economic relations and global trade.Her remarks come a day after commerce and industry minister Piyush Goyal said the first phase of the trade pact had been finalised and was…
Air India is forming a dedicated team to identify cost-saving opportunities in operations while facing significant challenges. NEW DELHI: Air India MD and CEO Tewolde Gebremariam has set up a “multidisciplinary, cross-functional cost savings team” to find all possible ways and means of reducing expenditure on “full-time basis” amid mounting losses. Air India reported a…
