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BusinessPhoto: Mint CompaniesThe government defended the ₹52,878 crore sale of IDBI Bank stake to Fairfax, stating the reserve price remained unchanged in the second round. The Finance Ministry explained that the revised bidding process resulted in a ₹3,917 crore higher winning bid, while the tax indemnity risk is only ₹627 crore. The government and LIC retain 15% and 19% stakes respectively.
Mint Companies·
SciencePhoto: HT WorldIn 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·
PoliticsPhoto: HT EntertainmentA 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
WorldPhoto: News18South 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
BusinessPhoto: ET MarketsIndian 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·
BusinessPhoto: TOI WorldKanye 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
Mint Companies·
Photo: Mint CompaniesThe government defended the ₹52,878 crore sale of IDBI Bank stake to Fairfax, stating the reserve price remained unchanged in the second round. The Finance Ministry explained that the revised bidding process resulted in a ₹3,917 crore higher winning bid, while the tax indemnity risk is only ₹627 crore. The government and LIC retain 15% and 19% stakes respectively.
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