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BusinessZerodha founders Nithin and Nikhil Kamath bought a 6.72% stake in Viceroy Hotels during the September quarter. This investment signals their confidence in the company’s recovery and growth following a management change and resolution of insolvency issues in 2023. The stock is showing signs of recovery after previous losses.
Mint Markets·
SportsIndia lost 6–1 to Uruguay, but Anirudh Thapa made history by scoring, ending a 44-year drought against the South American team. Thapa became only the second Indian to score against Uruguay, after Manas Bhattacharya in 1982. This goal was also Thapa's first international goal since 2023.
TOI Sports·
PoliticsDuring protests led by Rahul Gandhi and opposition parties against the Election Commission and Chief Election Commissioner Gyanesh Kumar, BJP targeted Congress using Prime Minister Narendra Modi's statement. BJP shared Modi's comment on X, saying Congress rushes with protest boards whenever it hears the word 'reform'.
News18 Hindi·
PoliticsThe Election Commission and Opposition parties clashed over a meeting demand related to the removal of Chief Election Commissioner Gyanesh Kumar. The Opposition accused him of aiding the BJP in election manipulation and sought a meeting with the CEC and two Election Commissioners at Parliament House Annexe. The EC refused, offering instead to send a senior officer to receive their memorandum. The dispute escalated after Opposition MPs, led by Rahul Gandhi, marched to the EC headquarters and staged a sit-in.
Deccan Herald··New Delhi
PoliticsMaharashtra, India's wealthiest state with 112 billionaires and wealth exceeding ₹63 lakh crore, will impose at least 10% water cuts from October 16 due to a deficient monsoon. The government, led by CM Devendra Fadnavis, mandates industries to recycle or reuse 30% of water. Mumbai and Pune contribute significantly to the state's wealth, but drought concerns have prompted these measures.
Mint··Maharashtra
PoliticsA California couple, Silvia Zhang and Guojun Xuan, were arrested on multiple child abuse charges linked to a surrogacy scheme involving at least 21 children. Authorities removed 15 children from their Arcadia home and found six more elsewhere. The children ranged from 2 months to 13 years old. Prosecutors seek $100 million bail due to the severity and flight risk. The couple operated a surrogacy agency from their home.
HT World··Arcadia
Mint Markets·
Zerodha founders Nithin and Nikhil Kamath bought a 6.72% stake in Viceroy Hotels during the September quarter. This investment signals their confidence in the company’s recovery and growth following a management change and resolution of insolvency issues in 2023. The stock is showing signs of recovery after previous losses.
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