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BusinessPhoto: News18 Business

Cabinet Approves Fairfax's Rs 52,878 Crore IDBI Bank Stake Purchase

The Cabinet Committee on Economic Affairs approved the sale of a 60.72% controlling stake in IDBI Bank to Fairfax Financial Holdings for Rs 52,878 crore. This marks India's largest foreign direct investment in the financial sector. The government and LIC will retain a combined 34% minority stake, with LIC reducing its share from 49.24% and the government from 45.48%, transferring management control to Fairfax.

News18 Business·

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PoliticsPhoto: The Hindu

Two Arrested for ₹1.7 Crore Fake Jewellery Fraud in Vellore

Two jewellery appraisers at a nationalised bank in Kavanur village, Vellore, were arrested for misappropriating ₹1.7 crore by pledging 1,080 grams of fake gold sovereigns. B. Parthiban and G. Srinivasan created 16 fake customer accounts to carry out the fraud over several years, evading suspicion by pledging small amounts repeatedly. The scam was uncovered during a surprise bank inspection.

The Hindu··Vellore

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WorldPhoto: The Hindu

VIT to Install 65 LED Streetlights on Sathuvachari-VIT Road in Vellore

Vellore Institute of Technology (VIT) will install 65 octagonal LED streetlights on the new ₹90-crore Sathuvachari-VIT High Road near the Collectorate in Vellore. The 3.2 km stretch, part of NH 48, currently has LED lights only on the new Palar River bridge. Officials and Collector P.S. Leela Alex emphasized motorist safety during a review meeting with police and highway authorities.

The Hindu··Vellore

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EntertainmentPhoto: News18Hi Entertainment

Salman Khan Says No Biopic Will Ever Be Made on His Life

Salman Khan stated on Karan Johar's show 'Coffee with Karan 9' that no biopic will ever be made about his life. When asked by Karan Johar if he wanted a biopic, Salman clearly refused, saying his story will never be seen on the big screen. This contrasts with many Bollywood stars who have had biopics made about them.

News18Hi Entertainment·

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PoliticsPhoto: Amar Ujala

India-Russia Strengthen Strategic Partnership, Discuss Security and Defense

India and Russia reaffirmed their commitment to strengthen their special strategic partnership during a meeting in New Delhi. The discussion covered issues related to Pakistan and Afghanistan and their impact on international security. Both countries emphasized deepening military ties and enhancing defense cooperation. The seventh meeting under the India-Russia special mechanism was co-chaired by India's Deputy NSA Pawan Kapoor and Russia's Deputy Secretary Alexander Vendiktov. Russian Deputy Secretary met India's NSA Ajit Doval during the visit.

Amar Ujala··New Delhi

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BusinessPhoto: Mint Markets

Hindustan Composites, Canara Robeco Declare Dividends; Bansal Wire Announces Stock Split

Hindustan Composites and Canara Robeco AMC declared interim dividends of ₹21 and ₹2 per share, respectively, with October 16, 2026, as the record date. HCL Technologies announced a ₹12 dividend. Bansal Wire Industries set the same date for its five-for-one stock split, marking the last chance to buy shares before these corporate actions.

Mint Markets·

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