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BusinessPhoto: Business Standard

Government Defends IDBI Bank Valuation, Highlights ₹3,917 Cr Value Addition

The Ministry of Finance defended the valuation and bidding process for the strategic sale of IDBI Bank, stating the government’s procedure added ₹3,917 crore to the transaction value. The Core Group of Secretaries on Disinvestment (CGD), authorized by the Cabinet Committee on Economic Affairs, oversaw the process and ensured the reserve price remained unchanged. The sale involves a 60.72% stake to Fairfax Financial Holdings, valued at around ₹53,000 crore with a bid price of ₹81 per share.

Business Standard·

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SciencePhoto: HT World

US Introduced Trout to Lake Titicaca in 1930s, Threatening Native Fish

In the 1930s, the US sent about 500,000 trout eggs to Lake Titicaca, located on the Peru-Bolivia border, to boost fishing. The trout thrived and became one of the most invasive species in southern Peru. This introduction has harmed native fish populations, with two species possibly now extinct. The plan originated after Peruvian and Bolivian authorities sought US help to improve local livelihoods.

HT World·

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PoliticsPhoto: HT Entertainment

Anticipatory Bail Denied to Three in Naagzilla Fund Misappropriation Case

A Mumbai sessions court denied anticipatory bail to three film production executives accused of misappropriating over ₹3.92 crore during the making of the Dharma Productions film Naagzilla. The accused include Kuldeep Singh Champawat, Mahipal Karan Rathore, and Shivkumar Tiwari. The court cited prima facie evidence and ordered custodial interrogation for detailed investigation. The film stars Kartik Aaryan and is co-produced by Dharma Productions and Mahaveer Jain Films with a budget of ₹82.50 crore.

HT Entertainment··Mumbai

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WorldPhoto: News18

South Central Railway Announces Berth Availability on Festive Special Trains

South Central Railway (SCR) has announced available berths on several special trains running in October and November for the festive season. These trains connect Telangana with Delhi, Uttar Pradesh, Bihar, Gujarat, and other destinations. For example, the Secunderabad-Sirpur Kagaznagar special train has hundreds of berths available on multiple dates from October 30 to November 10, with availability subject to change as bookings continue.

News18··Secunderabad

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BusinessPhoto: ET Markets

Sensex and Nifty Fall as Oil Prices Cross $116 per Barrel

Indian stock markets declined with Sensex and Nifty posting modest losses after crude oil prices surged past $116 per barrel. Midcap and smallcap indices experienced sharper drops due to weak market breadth, raising concerns about inflation and the impact on economic growth.

ET Markets·

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BusinessPhoto: TOI World

Kanye West Visits $295M Malibu Mansion by Tadao Ando

Kanye West made an unplanned four-day visit to a $295 million Malibu mansion designed by Pritzker Prize-winning architect Tadao Ando. He compared his stay to Elvis Presley's presence. The estate was later sold to Jay-Z and Beyoncé, setting sales records. Meanwhile, West's own Ando-designed property faces legal and financial troubles amid foreclosure, casting uncertainty on its future.

TOI World··Malibu

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