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BusinessPhoto: TOI BusinessThe Cabinet Committee on Economic Affairs (CCEA) has approved M/s 10955230 Canada Inc, a Fairfax subsidiary, as the strategic buyer for the combined government and LIC stakes in IDBI Bank. The government will sell its 30.48% holding for about Rs 26,620 crore, part of a Rs 53,000 crore deal involving both stakes.
TOI Business·
WorldPhoto: Hindu WorldIran's Revolutionary Guard Corps navy reported that a cargo ship sank after hitting a naval mine in the Strait of Hormuz on October 14, 2026. The ship, carrying 2,500 containers, caught fire after striking the mine while traveling on what Iran called an illegal route. Details about the crew's fate remain unclear. The U.S. guides ships through a safer route off Oman nearby.
Hindu World·
BusinessPhoto: TOI BusinessIndia remained the largest buyer of Russian crude oil in September, importing about 1.82 million barrels per day despite a 29% decline since July. Increased competition from China, US sanctions, tariffs, and supply constraints influenced this trend. Additionally, Venezuelan crude returned to India's imports due to the country's specific refining capabilities.
TOI Business·
SportsPhoto: Hindu SportIn the Ranji Trophy match at ACA Stadium, Mulapadu, Andhra and Karnataka played to a draw. Karnataka's Karun Nair scored an unbeaten 155 to help set a target of 194 runs. Andhra's S.V. Rahul and Revanth Reddy batted resolutely, scoring 35* and 20* respectively, to deny Karnataka victory by occupying the crease for over 18 overs and ensuring a draw.
Hindu Sport··Mulapadu
BusinessPhoto: Hindu BusinessHyundai Motor India Ltd. announced an additional investment of ₹4,000 crore in its Pune plant by 2030, raising total investment to ₹11,000 crore. The plant's annual capacity will increase from 1,70,000 to 3,20,000 units in phases. The company plans to boost localisation from 83% to 92%. The plant was inaugurated by Maharashtra CM Devendra Fadnavis, with Hyundai Executive Chair Euisun Chung present.
Hindu Business··Pune
PoliticsPhoto: NDTVPakistani pilots are banned from flying Air France flights to Israel following a cockpit attack on a flydubai flight from Dubai to Tel Aviv on September 30, 2026. An Omani co-pilot allegedly attacked the Indian captain to seize control of the aircraft, prompting stricter enforcement of pilot nationality rules on these routes.
NDTV·
TOI Business·
Photo: TOI BusinessThe Cabinet Committee on Economic Affairs (CCEA) has approved M/s 10955230 Canada Inc, a Fairfax subsidiary, as the strategic buyer for the combined government and LIC stakes in IDBI Bank. The government will sell its 30.48% holding for about Rs 26,620 crore, part of a Rs 53,000 crore deal involving both stakes.
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