WORLD
'Sponsored from Delhi’: Khawaja Asif accuses Afghanistan of fighting 'India's proxy war'
A 48-hour ceasefire between Afghanistan and Pakistan came into effect late Wednesday after days of intense cross-border clashes that left dozens of soldiers and civilians dead. The truce began at 6 pm Islamabad time (1300 GMT) and was confirmed by both governments, each claiming the other had requested it to halt the escalating violence.
BUSINESS
Power Mech Projects shares down marginally despite order win worth Rs 2500 crore
Power Mech Projects share price | The company received EPC contract of Rs 2500 from Bharat Heavy Electricals.
BUSINESS
Sensex likely to continue uptrend, can Nifty reclaim 25,500? Key levels to watch on October 16
Investor sentiment strengthened after Fed Chair Jerome Powell noted that while the U.S. labour market remained weak, the economy was on a firmer footing.
ASSEMBLY-ELECTION
Bihar elections Live: RLM announces list of 4 candidates for assembly polls
STARTUP
Koo co-founder Mayank Bidawatka launches PicSee, an AI-led ‘mutual photo sharing’ app
The Bengaluru-based startup, backed by Blume Ventures and General Catalyst, uses facial recognition and encrypted on-device AI to enable automatic, consent-based photo exchanges between friends.
BUSINESS
KEC International shares gain on order win of Rs 1,038 crore
KEC International Share Price | The company secured new order of Rs 1,038 crore for installation of substation in Saudi Arabia.
INDIA
EAM Jaishankar meets Egyptian Foreign Affairs Minister Badr Abdelatty
BUSINESS
Silver rate today on Oct 16: Silver breaches Rs 2 lakh/kg mark in Chennai as buying spree continues ahead of Dhanteras, Diwali - See full list of city-wise silver prices
Silver rate today on Oct 16: According to Bloomberg, platinum has surged about 80% this year, while silver is up roughly 75%, extending a broad rally across precious metals.
BUSINESS
Gold rate today in India on Oct 16: Yellow metal's breakneck rally continues, likely to cross Rs 1.3 lakh/10 gm mark soon - Check 24K, 22K, 18K gold prices in Mumbai, Hyderabad and Delhi - Full list
Gold rate today in India on Oct 16: In Singapore, spot gold rose 0.3% to $4,218.74 an ounce, while the Bloomberg Dollar Spot Index slipped 0.2% for the third consecutive day.
PODCAST
Govt plans to merge small lenders with big banks; Emirates NBD to acquire 51% stake in RBL Bank; RBI boosts gold reserves | MC Editor's Picks
The Centre is planning to merge smaller public sector banks with larger banks such as Punjab National Bank, Bank of Baroda, and SBI by FY27. Emirates NBD’s India unit is likely to acquire a 51% stake in RBL Bank. Only about 20% of stocks are cheap today, and even that comes with legitimate concerns, as 50-60% of stocks trade in an overvalued zone, said Maran Govindasamy.
BUSINESS
Stocks to Watch Today: Rubicon Research, HDB Financial, HDFC Life, Axis Bank, Bharat Electronics, Jyoti Structures, KEC International in focus on 16 October
Stocks to watch, 16 October: Stocks like Axis Bank, HDFC Life Insurance Company, L&T Finance, HDB Financial Services, Oberoi Realty,Delta Corp, Angel One, KEI Industries, Bharat Electronics, Hero MotoCorp, Jyoti Structures, KEC International, Indian Energy Exchange, and Rubicon Research will be in focus on October 16.
INDIA
BJP releases final list of 18 names for Bihar election; it's Satish Kumar Yadav vs Tejashwi from Raghopur
Other prominent state leaders, include Nand Kishor Ram (Ramnagar–SC), Sanjay Pandey (Narkatiaganj), Ram Singh (Bagaha) and former minister Vinay Bihari (Lauriya).
MARKETS
Sebi cracks whip on insider traders in IEX shares; Rs 173 crore case unearthed
Sebi said the thoughtful modus operandi of the noticees involved sharing of crucial information relating to regulatory actions emanating from a regulator, which was bound to have a significant impact on the listed securities of IEX.
INDIA
Karnataka domestic worker’s draft bill proposes 5% welfare fee, 48-hour work week, fines up to Rs 50,000; seeks public suggestions
Violations such as employing unregistered workers, non-payment of wages, forced labour, sexual exploitation, or child labour will attract imprisonment and fines ranging from Rs 20,000 to Rs 50,000.
BUSINESS
WisdomTree picks 0.51% stake in MSTC, 0.7% shares in Allcargo Logistics
MSTC shares rebounded sharply on Wednesday, recouping the loss of previous couple of sessions, and closing 5.8 percent higher at Rs 540.70, while the buying interest was also seen in Allcargo Logistics, which bounced back and spiked 8.6 percent to Rs 34.36.
INDIA
Kiran Mazumdar-Shaw: “I live in Karnataka, not Maharashtra; I have a vested interest in my city and state”; Congress-BJP react
While BJP and JD(S) slammed ministers for criticising Kiran Mazumdar-Shaw, Congress leaders questioned why the Biocon chairperson is not criticising BJP governments.
BUSINESS
FIIs net buy Rs 69 crore of Indian equities, while DIIs pump in Rs 4,650 crore
For the year so far, FIIs have been net sellers of shares worth Rs 2.40 lakh crore, while DIIs have net bought shares worth Rs 5.97 lakh crore.
MARKETS
Sebi extends timeline for Angel Funds to disclose allocation methodology
Following the extension, the revised compliance date now stands at January 31, 2026, meaning any investments made by existing Angel Funds after this date must adhere to the disclosed allocation methodology.
BUSINESS
Network18 posts 7% revenue growth amid tough ad market
The company's board approved the acquisition of the remaining 50 percent stake in its Marathi joint venture, IBN Lokmat News Pvt. Ltd.
INDIA
Karnataka: Opposition slams ruling Congress govt after Google chooses Andhra for AI data centre
Google’s $15 billion investment in Visakhapatnam draws criticism from BJP leaders in Karnataka
PODCAST
CoinDCX gets a funding boost from Coinbase, Logistics firms are bracing for Diwali rush and a new credit rating agency enters the ring | MC Tech3
In today’s Tech3 from Moneycontrol, Coinbase makes a fresh bet on CoinDCX at a $2.45 billion valuation, eyeing India and the Middle East as the next crypto frontier. Logistics firms race against the festive clock as Diwali deliveries go into overdrive. India to get a new credit rating agency after nearly a decade, shaking up the scorecard. And Paytm cleans house with a major internal restructuring.
BUSINESS
Axis Bank sees negligible near-term impact from RBI’s ECL norms
CFO Puneet Sharma said the main effect will be a shift in provisioning from outstanding to exposure, with net worth largely unaffected at transition
BUSINESS
Galeries Lafayette set to make its grand India debut in Mumbai next month
BUSINESS
US-based Tryfacta to file for USD 100 to 150 million GIFT City IPO by October-end
Potentially the largest fundraising by an international company in India and could make Tryfacta the first to list on the International Financial Services Centre Authority (IFSCA) platform.
