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BusinessPhoto: Deccan Herald

Fairfax to Acquire 60.72% Stake in IDBI Bank for Rs 52,878 Crore

Canada-based Fairfax Financial Holdings will acquire a 60.72% stake in IDBI Bank for Rs 52,878 crore ($5.47 billion). The Cabinet Committee on Economic Affairs, chaired by PM Narendra Modi, approved the deal. Fairfax will buy 30.48% from the Government of India and 30.24% from LIC. Post-deal, the government and LIC will hold 15% and 19% respectively, retaining a combined 34% stake. Finance Minister Nirmala Sitharaman called it a strategic restructuring.

Deccan Herald··New Delhi

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PoliticsPhoto: HT World

USCIS Proposal May Make H-1B Visa Renewals More Difficult for Indian Workers

The U.S. Department of Homeland Security has proposed changes to the H-1B visa renewal process that would require USCIS officers to fully reassess each renewal petition without referencing prior approvals. This move aims to address concerns about misuse of the program by tech companies and could increase scrutiny and delays for Indian professionals seeking visa renewals under the Trump administration's reforms.

HT World·

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TechnologyPhoto: HT Sports

Jeff Kaplan Reflects on Career Shift from Blizzard Icon to Indie Developer

Jeff Kaplan, former Blizzard Entertainment vice president and lead director of Overwatch, left the company in 2021 to start his independent studio, Kintsugiyama. In a Gamespot interview, he described the transition as "humbling," noting the challenges of moving from a major AAA developer to running a small studio. Kaplan now focuses on Kintsugiyama's first project, The Legend of California, and has experienced a significant change in industry recognition and daily work.

HT Sports·

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BusinessPhoto: News18Hi Business

Brother Starts Slipper Business with Sister's 10,000 Loan in Burhanpur

In Burhanpur, Aris Chaudhary began a slipper business with a 10,000 rupee loan from his sister. Encouraged by her support and his father's trust, he started small and gradually expanded. His shop in the Jaystambh area offers affordable slippers, including branded-style copies, attracting many customers who appreciate the variety and low prices.

News18Hi Business··Burhanpur

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SciencePhoto: NDTV

BS-VII Emission Norms for New Cars and SUVs from April 2029

The Ministry of Road Transport and Highways plans to implement stricter BS-VII emission standards for new cars and SUVs starting April 1, 2029. The rollout will occur in three phases over six years: April 2029, April 2031, and April 2035. These norms will limit pollutants like nitrogen oxides, hydrocarbons, and particulate matter, without affecting existing vehicles, including BS-VI compliant ones.

NDTV·

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TechnologyPhoto: TOI World

Matt Walsh Warns About AI Chatbots Forming 'Friend-Like' Bonds

Matt Walsh expressed concerns on October 14 about the increasing use of AI chatbots by young people. He warned that individuals might start treating AI systems as friends and spend significant time interacting with them. Walsh also highlighted potential impacts of AI on jobs, films, music, and advertising, suggesting technology could alter human relationships and creative industries.

TOI World·

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