KHATIMA NEWS
Business
The government has approved the sale of a 60.72% stake in IDBI Bank to Canada Inc., an associate of Fairfax Financial Holdings. The ₹52,878.08 crore strategic restructuring has raised questions about employee security, customer services, ownership and the bank's name.
Business
Gold and silver prices fell sharply on the Multi Commodity Exchange after US retail inflation data showed higher-than-expected increases in headline and core consumer prices. The 4 December 2026 MCX contracts recorded steep declines, while global bullion prices also weakened after the inflation release.
Business
India's Cabinet has approved the sale of a 60.72% stake in IDBI Bank to a subsidiary of Fairfax Financial Holdings for ₹52,878.08 crore. The transaction covers shares held by the Government of India and LIC, while both will retain stakes after completion.
Business
Jio Platforms, the digital services major, will open its initial public offering for subscription from October 21 to October 23, according to a regulatory filing. The filing confirms the subscription window for the proposed offering, giving prospective subscribers the dates on which they can participate.
Business
The Indian rupee strengthened for a second straight trading session, reaching 94.92 against the dollar after opening at 95.05. Recent RBI measures supported the currency by targeting immediate dollar demand and speculative positions, but rising crude oil prices, foreign selling and global market pressure remain important risks for its next move.
Business
A warning attributed to the Saudi-led coalition about oil facilities in Yemen's capital has intensified concern over a wider confrontation with the Houthis. The reported threat could place Saudi Aramco facilities, global crude supplies, shipping routes and energy prices at the centre of renewed regional tensions.
Business
Gold and silver moved higher in early MCX trading, but prices in the physical market declined. Gold fell by ₹390 for 24-carat purity, while silver dropped ₹5,000 per kilogram. City-wise rates show variations across major markets, with international prices also easing after reaching a one-week high.
Business
The CBI has investigated bank recruitment records from 2020 to 2024 using iris scans and biometric checks. It identified 257 suspected candidates, including 172 people working in different banks. 4 people have been arrested, while 135 have been named accused after raids in 6 states.
Business
UKIBC CEO Dr Kishore Jayaraman says the India-UK CETA entered into force on July 15th, 2026, after being agreed in April 2025. He says implementation now requires the same pace as negotiations, while a UKIBC mission support programme explores trade, investment and talent links between India and Great North regions.
Business
Office Recurring Deposit scheme is presented as a government-backed savings option for investors seeking security and regular returns. With deposits starting at ₹100, the scheme offers interest of up to 6.7%, a five-year maturity period, extension options and a loan facility subject to specified conditions.
Business
Shrikant Chouhan, Head of Equity Research at Kotak Neo, said the market opened near 22,600 before profit-taking pushed it towards 22,350. He identified 22,300 and 22,150 as important support levels, while warning that continued FII selling, currency weakness and crude above 100 could increase pressure.
Business
Indian equities came under renewed pressure on Monday after a brief recovery, with the Sensex falling more than 1,000 points from its intraday high and the Nifty losing more than 300 points. Higher government bond yields, foreign selling and profit booking were cited among the main pressures on the market.
