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BusinessPhoto: BusinessLineThe Ministry of State for Finance has stated that legitimate concerns of IDBI Bank employees regarding the bank's sale have been addressed. The government clarified that the 2003 law does not restrict dilution of its stake. The sale involves Fairfax folding its India holdings into IDBI Bank, creating a diversified financial group, marking India's biggest banking M&A deal.
BusinessLine·
BusinessPhoto: Mint MarketsTata Steel has scheduled its board meeting for October 27, 2026, to announce the Q2 and H1 financial results for FY27. The company disclosed this date in an exchange filing. Market watchers will focus on Indian steel demand, domestic steel prices, European operations, and raw material costs following the results announcement.
Mint Markets·
WorldPhoto: NDTV WorldA private Challenger 604 jet operated by Triton Aviation made an emergency landing in Abuja, Nigeria, after a door detached mid-air shortly after takeoff from Nnamdi Azikiwe International Airport. The plane was en route to Lagos with nine people on board, all of whom escaped unharmed. The pilots issued a Mayday call and safely returned to the airport, where emergency services were on standby.
NDTV World··Abuja
PoliticsPhoto: Zee News HindiWest Bengal Chief Minister Suvendu Adhikari announced that Kolkata Police have detained private security personnel and organisers of the Chorbagan Sarbojanin Durga Puja pandal following a stampede that killed 17 people and injured 25. A fact-finding team will investigate the incident, and forensic examinations are planned. The Chief Minister urged media and political leaders to avoid interfering with the evidence.
Zee News Hindi··Kolkata
PoliticsPhoto: Amar UjalaA stampede at a Durga Puja pandal in Kolkata resulted in the deaths of 17 people and injured over 10 others. West Bengal Chief Minister Suvendu Adhikari has ordered an investigation into the incident. President, Prime Minister Modi, and opposition leader Rahul Gandhi expressed condolences to the victims' families. The situation remains under close watch with ongoing updates.
Amar Ujala··Kolkata
WorldPhoto: Deccan HeraldDrain reconstruction on a 400-metre stretch of Lingarajapuram Main Road near Hennur flyover in Bengaluru has severely impacted local businesses and traffic. Excavation up to two feet deep has restricted access to shops, causing significant losses. Business owners report a drop in earnings and difficulties due to dust, stagnant water, and lack of proper footpaths. Traffic congestion has also worsened in the area.
Deccan Herald··Bengaluru
BusinessLine·
Photo: BusinessLineThe Ministry of State for Finance has stated that legitimate concerns of IDBI Bank employees regarding the bank's sale have been addressed. The government clarified that the 2003 law does not restrict dilution of its stake. The sale involves Fairfax folding its India holdings into IDBI Bank, creating a diversified financial group, marking India's biggest banking M&A deal.
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