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BusinessPhoto: Mint CompaniesFairfax Financial Holdings will acquire a 60.72% controlling stake in IDBI Bank for ₹52,878 crore after Union Cabinet approval. The government’s stake will reduce from 45.5% to 15%, and LIC’s from 49.2% to 19%, both withdrawing board nominees. The Finance Ministry assured IDBI Bank staff of job security amid ownership changes, addressing public concerns.
Mint Companies·
PoliticsPhoto: The HinduTwo 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
WorldPhoto: The HinduVellore 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
EntertainmentPhoto: News18Hi EntertainmentSalman 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·
PoliticsPhoto: Amar UjalaIndia 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
BusinessPhoto: Mint MarketsHindustan 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·
Mint Companies·
Photo: Mint CompaniesFairfax Financial Holdings will acquire a 60.72% controlling stake in IDBI Bank for ₹52,878 crore after Union Cabinet approval. The government’s stake will reduce from 45.5% to 15%, and LIC’s from 49.2% to 19%, both withdrawing board nominees. The Finance Ministry assured IDBI Bank staff of job security amid ownership changes, addressing public concerns.
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