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BusinessPhoto: TOI BusinessOil prices increased on Wednesday due to concerns over supply disruptions caused by escalating attacks from Yemen’s Iran-aligned Houthi rebels on Saudi Arabia. Traders balanced these risks against expectations that increased Russian diesel exports might ease the tightness in the market, but the supply fears dominated, pushing prices higher.
TOI Business·
BusinessPhoto: Mint MarketsOn October 14, IDBI Bank shares surged up to 13% in morning trading on the BSE, rising from ₹82.92 to an intraday high of ₹93.62. This gain occurred despite a weak market, with the Sensex declining about 0.20% during the same period. The share price opened at ₹84.32, showing strong investor interest amid broader market weakness.
Mint Markets·
BusinessPhoto: NDTVIndian parents planning to send children abroad for higher education face financial challenges due to a weak rupee and rising loan interest rates. The RBI recently raised the repo rate to 5.5%, tightening monetary policy amid inflation. A rupee above 95 against the US dollar increases the cost of foreign tuition and living expenses, straining family budgets.
NDTV·
EntertainmentPhoto: HT EntertainmentFilmmaker Priyadarshan revealed he declined to direct Bhagam Bhag 2 despite its announcement, citing his principle of not making sequels without a better story than the original. He believes sequels often just capitalize on the first film's success without adding value. He also expressed doubt that Hera Pheri 3 will ever be made, emphasizing his preference for meaningful projects over mere sequels.
HT Entertainment·
WorldPhoto: Amar UjalaAir India flight AI-2030 from Frankfurt to Delhi made an emergency landing at Jaipur Airport following a hijack alert and bomb threat. Passengers were alarmed as the flight was diverted to Jaipur. Security agencies conducted a thorough inspection of the plane in an isolation bay. Investigations into the hijack alert and bomb suspicion are ongoing, with no confirmed results or resumption time for the Delhi flight yet.
Amar Ujala··Jaipur
BusinessPhoto: Economic TimesThe Reserve Bank of India has implemented multiple measures to stabilize the rupee's value, boosting it by about 150 paise against the dollar. These include a new cash reserve requirement on large foreign exchange derivatives, raising hedging costs for companies, and restrictions on speculative trading in rupee currency derivatives to control the market.
Economic Times·
TOI Business·
Photo: TOI BusinessOil prices increased on Wednesday due to concerns over supply disruptions caused by escalating attacks from Yemen’s Iran-aligned Houthi rebels on Saudi Arabia. Traders balanced these risks against expectations that increased Russian diesel exports might ease the tightness in the market, but the supply fears dominated, pushing prices higher.
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