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BusinessPhoto: News18 World

Ex-IMF Director Calls Pakistan’s 2027 World Bank Chairmanship Ceremonial

Former IMF executive director Krishnamurthy V Subramanian refuted Pakistan's claim that its 2027 chairmanship of the IMF and World Bank Boards of Governors signals a return to global financial leadership. He clarified on X that the role is ceremonial, rotating annually among member countries, and does not grant significant influence. Pakistan will chair the boards in 2027, a position last held in 1953.

News18 World·

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BusinessPhoto: NDTV Business

Lloyds Engineering Shares Surge 94% in Six Months on Defence Growth

Lloyds Engineering aims to exceed Rs 10,000 crore in annual revenue by FY30, supported by acquisitions, defence partnerships, and an order backlog of up to Rs 9,500 crore. Key challenges include successful integration, margin expansion, and reducing reliance on group orders to sustain growth.

NDTV Business·

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PoliticsPhoto: Mint Companies

Delhi HC fines Niva Bupa ₹1 for misusing IP Division in lawsuit

The Delhi High Court imposed a fine of Re 1 on Niva Bupa Health Insurance for misusing its Intellectual Property Division by suing influencer Vishal Rattewal. The court ruled that criticizing a company and naming it does not infringe trademark rights, especially when the critic is not in the same business. Niva Bupa had sought ₹5 crore damages and content removal after a consumer complaint dispute.

Mint Companies··Delhi

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BusinessPhoto: News18 Business

Jio Platforms IPO to Open on October 20 with ₹30,200 Crore Target

Jio Platforms' mega IPO will open for subscription on October 20, with a price band of ₹1,065 to ₹1,119 per share. The company aims to raise ₹30,200 crore through this issue. Strong pre-listing interest has been noted, with brokerages actively analyzing the IPO ahead of its closing date on October 23.

News18 Business·

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SciencePhoto: News18

Male Orangutan Rescued in Maharashtra Returns to Indonesia

A male orangutan rescued from illegal wildlife trade in Maharashtra's Thane district was repatriated to Indonesia, marking the first such return from India. Housed at Greens Zoological Rescue and Rehabilitation Centre since March 2025, the orangutan was flown from Ahmedabad to Jakarta under supervision by Indian and Indonesian officials. It will enter quarantine before likely transfer to a rehabilitation centre.

News18··Thane

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BusinessPhoto: Mercom India

Chambal Fertilisers to Buy Power from Clean Max's 5 MW Hybrid Project

Chambal Fertilisers and Chemicals will procure renewable energy from Clean Max’s 5 MW captive wind-solar hybrid project located in Rajasthan. Chambal Fertilisers operates three urea plants in Gadepan, Kota, Rajasthan, and this move supports their commitment to sustainable energy use in fertilizer production.

Mercom India··Kota

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