IDBI Bank, which had been grappling with poor financial health for years, was placed under a Prompt Corrective Action (PCA) framework in 2017. Two years later, LIC infused ₹21,624 crore into the lender in exchange for preferential shares, acquiring a controlling stake in the bank.

This reduced the government’s stake to below 51%, prompting the Reserve Bank of India (RBI) to reclassify IDBI Bank as a private-sector bank.

Read more:https://www.livemint.com/companies/news/idbi-banks-52-878-crore-sale-to-fairfax-gets-govt-nod-a-9-year-journey-from-financial-crisis-to-restructuring-11791980368342.html

Reliance Consumer Products has now launched Joyland flavoured milk in Tamil Nadu, priced at just ₹20. Claiming to be made with authentic dairy ingredients, the company has now forayed into the growing ready-to-drink dairy market, ready to compete with brands like ITC, Amul, Mother Diary, Nandini and more who already have a foothold in the market.

Read more: https://www.livemint.com/companies/reliance-enters-ready-to-drink-dairy-category-with-flavoured-milk-at-rs-20-to-compete-with-amul-itc-mother-diary-11791989292574.html

Popular US photography company Getty Images is set to go private after filing for bankruptcy by the end of 2026, reported Reuters. The company made the announcement on Monday after a restructuring ​agreement that the visual-content provider is expected to close this year.

Read more: https://www.livemint.com/companies/news/getty-images-to-go-private-planning-prepackaged-bankruptcy-amid-2-1-billion-debt-heres-what-we-know-11791996521138.html

#MintMarkets | MarketSmith India reveals its top stock recommendations for today, 15 October.

Get expert insights into the best-performing stocks to guide your investment decisions.
https://www.livemint.com/market/stock-market-news/stock-recommendations-for-15-october-from-marketsmith-india-11791991493420.html

#MintMarkets | Market expert Raja Venkatraman shares his top stock picks for 15 October.

Here’s his technical outlook and trade strategy 📈
https://www.livemint.com/market/stock-market-news/raja-venkatraman-recommends-three-stocks-for-15-october-11792024961360.html

#MintMarkets | The Indian stock market is expected to open on a subdued note on Thursday, 15 October, with GIFT Nifty signalling a flat-to-negative start.

Top stocks to watch today 📈
https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-reliance-industries-idbi-bank-wipro-shares-in-focus-on-thursday-15-oct-full-list-11792027834869.html

Infosys is expanding its artificial intelligence (AI) business while preparing to recruit another 20,000 graduates, even as 80,000 of its employees already use AI coding tools.

Why Infosys is hiring graduates as AI coding tools expand 👇
https://www.livemint.com/companies/news/infosys-says-80-000-employees-use-ai-coding-tools-why-is-it-still-hiring-20-000-graduates-11792030468356.html

#MintMarkets | Bonus shares, stock split, dividend: Last day to buy as these shares trade ex-date today.

Do you own?
https://www.livemint.com/market/stock-market-news/bonus-shares-stock-split-dividend-last-day-to-buy-as-these-shares-trade-ex-date-today-do-you-own-11792035373779.html

#MintMarkets | Why is stock market up today? Sensex jumps 900 points, Nifty above 22,850.

Top 3 reasons explained 👇
https://www.livemint.com/market/stock-market-news/why-is-stock-market-up-today-sensex-jumps-800-points-nifty-nears-22-850-top-3-reasons-explained-11792038542724.html

#MintMarkets | Reliance Jio IPO a win-win for telecom stocks! RIL, Airtel and Vodafone Idea shares rise up to 3.6%.

What should you do?
https://www.livemint.com/market/stock-market-news/reliance-jio-ipo-a-win-win-for-telecom-stocks-ril-airtel-and-vodafone-idea-shares-rise-up-to-3-6-what-should-you-do-11792038491456.html

India leads Hurun’s U35 comparisons with 180 entrepreneurs, ahead of China’s 101 and the UK’s 62. It also has the most women.

Details here 👇
https://www.livemint.com/money/india-is-way-ahead-of-china-uk-in-the-number-of-young-entrepreneurs-and-women-founders-huruns-u35-rich-list-11792041162265.html

#MintMarkets | Indian IT stocks on fire due to anti-AI trade, focus on traditional tech firms.

Should investors buy more to make money?
https://www.livemint.com/market/stock-market-news/indian-it-stocks-on-fire-due-to-anti-ai-trade-focus-on-traditional-tech-firms-should-investors-buy-more-to-make-money-11792042958155.html

#MintPremium | Gen Z has more access to financial advice than ever, but knowing whom to trust remains a challenge. As social media, investment apps and AI shape money decisions, reliable, personalised guidance is becoming increasingly important.

https://www.livemint.com/money/personal-finance/gen-z-personal-finance-trustworthy-financial-advice-11792044608620.html

Ranjith Krishnan ✍️

#MintMarkets | IPO GMP: Jio Platforms vs HD Fire vs Tonbo Imaging vs Zetwerk vs Fusion CX.

Check listing share price prediction 👇
https://www.livemint.com/market/ipo/ipo-gmp-jio-platforms-vs-hd-fire-vs-tonbo-imaging-vs-zetwerk-vs-fusion-cx-check-listing-share-price-prediction-11792041942085.html

IAS Saurabh Katiyar will now also serve as the Secretary of the Maharashtra Public Service Commission (MPSC) amid allegations of paper leak.

Who is IAS Saurabh Katiyar?
https://www.livemint.com/news/india/who-is-ias-saurabh-katiyar-maharashtra-public-service-commission-gets-new-secretary-amid-paper-leak-row-11792048732284.html

India is projected to overtake Japan as the world's fourth-largest economy in 2027, with nominal GDP reaching $4.52 trillion, according to the IMF. The fund raised India's 2026 growth forecast to 7%, while Japan is projected to grow just 0.7%.

Read more: https://www.livemint.com/economy/india-to-overtake-japan-as-4th-largest-economy-in-2027-with-4-52-trillion-gdp-imf-11792059032330.html

Reliance Jio Infocomm Chairman Akash Ambani on Thursday said the telecom operator carries more than 60% of India's data traffic, while its data prices per GB are among the lowest in the world.

Read more: https://www.livemint.com/companies/news/akash-ambani-says-jio-carries-60-of-indias-data-traffic-ahead-of-ipo-eyes-major-chunk-of-1-4-tn-digital-economy-11792062642247.html

#WATCH | Delhi: On the Ankita Bhandari murder case, Ankita's mother Soni Devi, says, "I demand justice for my daughter. Furthermore, the man who has been appointed as Governor—I want that appointment to be halted, and I call for a CBI investigation into the matter. My message to society is this: just as you have supported me and my daughter, Ankita, in the past, please continue to stand by me because this is not just my daughter’s fight—it is a fight for everyone’s daughters."

US President Donald Trump is weighing the use of the massive GBU-43/B Massive Ordnance Air Blast bomb, popularly known as the “mother of all bombs” or MOAB, in potential strikes against Iranian nuclear facilities and energy infrastructure, CNN reported, citing multiple US officials familiar with military planning.

https://www.livemint.com/news/us-news/trump-weighs-mother-of-all-bombs-strike-on-iran-s-nuclear-and-energy-sites-what-is-it-11792072512785.html

RBI Rate Hike Cycle Explained: Where Should Indian Investors Invest Now? | Mint Money Guru

RBI rate hikes, rising bond yields and global economic uncertainty are reshaping India’s fixed-income investment landscape. In this episode of Mint Money Guru, Suyash Choudhury, Fixed Income CIO at Bandhan AMC, explains what higher interest rates mean for Indian investors, whether debt mutual funds offer opportunities, and how investors can diversify through US bonds.

WATCH: https://www.youtube.com/watch?v=H8R0t7GCBv4