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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·
BusinessPhoto: Business StandardThe Indian Cabinet approved the strategic sale of IDBI Bank to Fairfax Financial Holdings' subsidiary, marking the 21st privatisation transaction in 26 years. This deal is the largest since Air India's sale in 2022. Key past sales include Modern Food Industries (1999-2000), BALCO, VSNL, Hindustan Zinc, THDC India, and NEEPCO. The IDBI Bank sale highlights ongoing government efforts in PSU privatisation despite long delays.
Business Standard·
PoliticsPhoto: TOI WorldThe Ontario government announced that parts of northwestern Ontario will adopt permanent daylight saving time starting November 1. This change aligns the region with Manitoba, which is also switching to permanent daylight saving time on that date. The move aims to avoid disruptions for businesses, families, and Indigenous communities in Ontario's central time zone.
TOI World··Ontario
PoliticsPhoto: News18The Supreme Court of India has ordered the Ministry of External Affairs to issue a public notice inviting families of Indian nationals killed in the Russia-Ukraine war to file compensation claims. Of 267 Indians recruited into Russian forces, 51 are confirmed dead and 77 remain untraced. The court emphasized legal heirs' rights to financial redress and aims to streamline support for affected families.
News18·
BusinessPhoto: Business StandardJio Platforms Ltd, controlled by Reliance Industries and home to Reliance Jio, will launch its IPO on October 21 with a price band of ₹1,065-1,119 per share. The IPO aims to raise up to ₹30,213 crore, valuing the company at about ₹10.3 trillion. It includes up to 270 million equity shares. Subscription closes on October 23, with anchor bidding on October 19. This will surpass Hyundai Motor India's ₹27,800 crore IPO, becoming India's largest.
Business Standard·
SportsPhoto: Deccan HeraldNew Zealand white-ball captain Mitchell Santner expressed hope for balanced pitches in the upcoming limited-overs series against India starting October 22. He noted that flat pitches and short boundaries favor batting, as seen in India-West Indies matches in India. Santner emphasized the importance of some assistance for bowlers to ensure competitive games, highlighting that close matches with totals around 180 still offer good cricket.
Deccan Herald·
Mint Markets·
Photo: 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.
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