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BusinessPhoto: Mint Companies

IDBI Bank Stake Sold to Fairfax, Foreign Investment May Expand

The Indian government approved the sale of a 60.72% stake in IDBI Bank to Canada's Fairfax Financial Holdings for ₹52,878 crore, marking the largest strategic disinvestment since Air India. This move could trigger further foreign investments in India's financial services sector, with Blackstone exploring IIFL Finance and Mitsubishi UFJ Financial Group eyeing majority control of Shriram Finance, reflecting growing interest from global investors.

Mint Companies·

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PoliticsPhoto: Amar Ujala

Supreme Court to Hear SIR Case Today, CPI(M) MP Hopes for Democracy Verdict

The Supreme Court is scheduled to hear the case on SIR today. A CPI(M) Member of Parliament expressed hope that the verdict will favor democracy. Further statements from the MP regarding the case have also been noted, emphasizing the importance of democratic principles in the decision.

Amar Ujala·

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BusinessPhoto: HT World

New Zealand Bank's AI Sheep Mascot Faces NSFW Meme Backlash

Kiwibank in New Zealand launched Buck, a bright green AI sheep mascot, to promote its services. However, the mascot became the subject of explicit and NSFW memes online, starting with a viral tweet that sexualized Buck. The state-owned bank responded by filing copyright claims and released a video where Buck addresses the controversy, expressing shock at the inappropriate content.

HT World·

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BusinessPhoto: ET Tech

FSSAI to Increase Compliance Costs for Food Companies and Quick-Commerce

The Food Safety and Standards Authority of India (FSSAI) is expanding regulatory scrutiny across the food supply chain, which may lead to higher compliance costs and operational delays for food companies, restaurants, and quick-commerce platforms, according to a report by Jefferies.

ET Tech·

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PoliticsPhoto: The News Minute

Leaders Detained Ahead of Delhi Protest Over Electoral Roll Irregularities

On October 10, 2026, Cockroach Janata Party founder Abhijeet Dipke and leaders Saurav Das and Ashutosh Ranka were detained on their aircraft upon arrival in Delhi. YouTuber Dhruv Rathee was also detained at his Gurugram residence. These detentions occurred before a planned protest at Jantar Mantar against alleged irregularities in the Special Intensive Revision of electoral rolls and demands for Chief Election Commissioner Gyanesh Kumar's resignation.

The News Minute··Delhi

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PoliticsPhoto: Times of India

SC Upholds Denial of OBC Benefits to Hindu Converts to Islam

The Supreme Court upheld the Madras High Court ruling that individuals converting from Hinduism to Islam cannot claim reservation benefits under the Backward Class category. Justices PK Mishra and Shree Chandrashekhar stated that moving from a Hindu to a non-Hindu social order disqualifies one from such benefits. The Tamil Nadu government had challenged the high court's quashing of its recognition of seven Muslim sects as Backward Classes.

Times of India··Chennai

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