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BusinessPhoto: Economic TimesFairfax Financial Holdings will acquire a 60.72% stake in IDBI Bank and has been permitted by the Reserve Bank of India to reduce its ownership to 26% over 15 years. Fairfax also has two years to decide on the future of CSB Bank, considering merger or sale options. The group plans to transform IDBI Bank into a full-service financial entity.
Economic Times·
PoliticsPhoto: Aaj TakIn the suspicious death case of Lucknow cafe owner Shiva Sharma, main accused Shraddha Dubey is reportedly traced to Dang district, Nepal. Clues include a Scorpio found in Rupaidha parking, Nepalese CCTV footage, and her alleged last location in a hotel in Dang. Questions remain about her whereabouts and when the mystery of Shiva's death will be solved.
Aaj Tak··Dang
EntertainmentPhoto: News18 MoviesRanabaali, starring Vijay Deverakonda and Rashmika Mandanna, released on October 16. Early reviews describe the film as slow and testing viewers' patience despite strong performances by the lead actors. The screenplay and narration were criticized for lacking emotional connection and being lifeless. Production design was praised, but the background music and pacing were seen as major drawbacks, making the film a tedious watch overall.
News18 Movies·
TechnologyPhoto: Hindustan TimesJames Abraham became CEO of the Council on Energy, Environment and Water (CEEW) in August 2023, succeeding founder Arunabha Ghosh. An entrepreneur and strategist, Abraham co-founded SolarArise and founded Mynzo Carbon, focusing on solar power and nature-based investments using AI. Ahead of COP31, he emphasized India's ambitious climate goals and the potential to grow by treating climate action as a business opportunity.
Hindustan Times·
TechnologyPhoto: ET TechGoogle warned organizations about a critical vulnerability in BeyondTrust Remote Support appliances that could be widely exploited. The flaw allows attackers to access credentials, upload files, and control hosts. A China-linked group, Armory Castle, exploited the bug in August before it was publicly known. Google urges swift patching or mitigation to prevent further attacks.
ET Tech·
BusinessPhoto: Mint MarketsReliance Jio Platforms is launching its IPO from October 21 to 23, with a price band of ₹1,065 to ₹1,119 per share. The IPO aims to raise ₹28,755 to ₹30,213 crore. Eligible employees get a ₹54 discount per share, and shareholders had a ₹2,500 crore reservation, though the record date for shareholder eligibility has passed. Investors are evaluating if buying Reliance Industries shares before the listing is beneficial.
Mint Markets·
Economic Times·
Photo: Economic TimesFairfax Financial Holdings will acquire a 60.72% stake in IDBI Bank and has been permitted by the Reserve Bank of India to reduce its ownership to 26% over 15 years. Fairfax also has two years to decide on the future of CSB Bank, considering merger or sale options. The group plans to transform IDBI Bank into a full-service financial entity.
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