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BusinessPhoto: Mint Markets

US Inflation Hits Highest Since COVID, Impact on Indian Markets

US producer prices rose sharply in September, marking the highest inflation since COVID and fueling speculation of a US Fed rate hike. Experts say this inflation surge may pressure the US government and suppress bond yields, which could benefit Indian indices like Nifty 50, Sensex, and Bank Nifty. Nifty 50 is expected to reach 25,500 by 2026-end. Gold and silver prices may hit ₹1.60 lakh per 10 gm and ₹2.40 lakh per kg by then.

Mint Markets·

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EntertainmentPhoto: NDTV Movies

Rajinikanth's Jailer 2 Opens Strong, Hints at Jailer 3

Rajinikanth's latest film, Jailer 2, directed by Nelson Dilipkumar, has made a powerful box-office debut, earning Rs 125.25 crore worldwide on its opening day, including Rs 59.70 crore in India. The film stars Rajinikanth as retired jailer Tiger Muthuvel Pandian and features Mithun Chakraborty, Vidya Balan, and SJ Suryah. Its dramatic climax suggests a possible sequel, Jailer 3.

NDTV Movies·

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BusinessPhoto: Amar Business

IDBI Bank's ₹53,000 Crore Privatization Expected by Fiscal Year-End

IDBI Bank's strategic divestment worth ₹53,000 crore is expected to be completed by the end of the current fiscal year. DIPAM Secretary Arunish Chawla stated that the sale to Canada's Fairfax Financial Holdings depends on approval from the Reserve Bank of India (RBI).

Amar Business·

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BusinessPhoto: News18 Business

Sensex Rises 414 Points as IT Stocks Rally on October 16

On October 16, the Indian stock market closed higher with the Sensex rising 414 points to 74,729.27 and the Nifty 50 gaining 149 points to 23,146.15. IT stocks led the rally, with the Nifty IT index surging 3.92%. Tech Mahindra jumped 8.45%, Infosys rose 4.55%, and TCS gained 4.61%. Gains were capped by weakness in FMCG, oil and gas, and some financial stocks.

News18 Business·

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PoliticsPhoto: Deccan Herald

Ladakh Administration Approves Sankoo as Eighth District

The Ladakh administration has officially announced Sankoo as the Union Territory's eighth district, with Lieutenant Governor V K Saxena approving the decision. This move fulfills a long-standing demand from the people of Sankoo in Kargil district. The decision aligns with the 'Sabka Saath, Sabka Vikas' vision of Prime Minister Narendra Modi and Home Minister Amit Shah. Local organizations played a key role in this development.

Deccan Herald··Sankoo

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HealthPhoto: News18 Hindi

Survey Reveals 84% Indians Unaware of Prostate Cancer Screening

A recent survey revealed that 84% of Indians are unaware whether they have been screened for the rapidly increasing prostate cancer. Doctors warn that due to a significant lack of awareness, this disease is becoming dangerously prevalent. The findings highlight the urgent need for better public education on prostate cancer detection and prevention.

News18 Hindi·

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