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BusinessPhoto: News18Hi BusinessPrem Watsa, an India-born Canadian businessman, will become the new owner of IDBI Bank through his company Fairfax Financial Holdings. Fairfax will acquire a 60.72% stake in HDFC Bank. Born on August 5, 1950, in Hyderabad, Watsa moved to Canada for higher education and is often called the Warren Buffett of Canada.
News18Hi Business··Hyderabad
WorldPhoto: Hindu WorldIran's Revolutionary Guard Corps navy reported that a cargo ship sank after hitting a naval mine in the Strait of Hormuz on October 14, 2026. The ship, carrying 2,500 containers, caught fire after striking the mine while traveling on what Iran called an illegal route. Details about the crew's fate remain unclear. The U.S. guides ships through a safer route off Oman nearby.
Hindu World·
BusinessPhoto: TOI BusinessIndia remained the largest buyer of Russian crude oil in September, importing about 1.82 million barrels per day despite a 29% decline since July. Increased competition from China, US sanctions, tariffs, and supply constraints influenced this trend. Additionally, Venezuelan crude returned to India's imports due to the country's specific refining capabilities.
TOI Business·
SportsPhoto: Hindu SportIn the Ranji Trophy match at ACA Stadium, Mulapadu, Andhra and Karnataka played to a draw. Karnataka's Karun Nair scored an unbeaten 155 to help set a target of 194 runs. Andhra's S.V. Rahul and Revanth Reddy batted resolutely, scoring 35* and 20* respectively, to deny Karnataka victory by occupying the crease for over 18 overs and ensuring a draw.
Hindu Sport··Mulapadu
BusinessPhoto: Hindu BusinessHyundai Motor India Ltd. announced an additional investment of ₹4,000 crore in its Pune plant by 2030, raising total investment to ₹11,000 crore. The plant's annual capacity will increase from 1,70,000 to 3,20,000 units in phases. The company plans to boost localisation from 83% to 92%. The plant was inaugurated by Maharashtra CM Devendra Fadnavis, with Hyundai Executive Chair Euisun Chung present.
Hindu Business··Pune
PoliticsPhoto: NDTVPakistani pilots are banned from flying Air France flights to Israel following a cockpit attack on a flydubai flight from Dubai to Tel Aviv on September 30, 2026. An Omani co-pilot allegedly attacked the Indian captain to seize control of the aircraft, prompting stricter enforcement of pilot nationality rules on these routes.
NDTV·
News18Hi Business··Hyderabad
Photo: News18Hi BusinessPrem Watsa, an India-born Canadian businessman, will become the new owner of IDBI Bank through his company Fairfax Financial Holdings. Fairfax will acquire a 60.72% stake in HDFC Bank. Born on August 5, 1950, in Hyderabad, Watsa moved to Canada for higher education and is often called the Warren Buffett of Canada.
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