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MSCI proposed reclassifying Indonesian stock indexes from emerging markets to standalone market status, causing a sharp 10% drop in the Jakarta Stock Exchange Composite. The change may lead to significant fund outflows and reflects concerns over market irregularities and poor performance.
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Federal Bank's net profit surged 45% year-on-year to ₹1,386 crore in Q2 FY27. The bank's net interest income increased 26.4%, and asset quality improved with a decline in non-performing assets.
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Bonfiglioli Transmissions' IPO is 70% subscribed by 1:45 PM on the second day, with strong interest from non-institutional investors. The ₹2,534 crore offer is priced between ₹558 and ₹586 per share, aiming to boost the company's visibility and liquidity.
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YES Bank shares dropped 17% before Q2 FY27 earnings due to a Supreme Court ruling on ₹8,415 crore AT-1 bond write-off. Investors watch capital impact, profitability, and management plans closely.
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IIT Gandhinagar researchers are testing a wearable sensor combined with machine learning to track and analyze body movements during sports and exercise. The technology aims to assist trainers and beginners by providing detailed movement data in activities like weightlifting, tennis, and swimming.
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On October 16, 2026, the Sensex gained more than 340 points and the Nifty50 traded above 23,100, driven by strong performances in IT stocks like Tech Mahindra and Wipro. Meanwhile, Jio Financial Services reported a 51% profit decline, impacting its share price.
ReadLiberal arts disciplines like sociology, history, and philosophy play a crucial role in shaping informed citizens and supporting democracy in India. Despite the focus on STEM fields, these subjects help society understand social complexities and counter misinformation on social media.
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Wipro's shares increased by 6.5% after its Q2 FY27 earnings showed a nearly 5% sequential drop in net profits. Revenue grew slightly, but experts predict slower growth ahead in Q3.
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Jio Platforms and Paras Healthcare will launch IPOs next week, raising over ₹31,000 crore combined. Shares will be listed on NSE and BSE. Learn about the subscription dates, price bands, and company details.
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HBL Engineering shares surged up to 15% due to high demand for Tonbo Imaging's IPO, in which HBL holds a significant stake. Wipro and L&T Finance also saw volume spikes. Indian markets recovered with key index gains on October 16, 2026.
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Tamil Nadu education activists warn that questions from the Ministry of Home Affairs' High-Level Committee on Demographic Changes (HLCDC) may disturb peace in schools and colleges by creating divisions among students. They urge the government to stop this exercise to maintain harmony.
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Delhi University faces a legal challenge in the Delhi High Court over its one-year postgraduate admission policy, which prioritizes graduates with four-year honours degrees. Around 100 petitioners seek changes to eligibility criteria, raising concerns about fairness for general degree holders.
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SEBI is exploring the inclusion of insurance details in the Consolidated Account Statement (CAS), alongside mutual funds, bank fixed deposits, and pension savings. This move aims to provide investors with a comprehensive financial overview in a single statement.
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Skyroot Aerospace partners with Reflect Orbital to launch satellites that reflect sunlight to Earth at night, aiding solar power and disaster relief. The launches will use Vikram rockets, marking a new milestone in India's private space sector.
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Maharashtra government announces new minimum age rules for nursery, KG, and Class 1 admissions starting from 2027, aligning with the National Education Policy 2020. The phased implementation sets age limits for early education stages and standardizes admission criteria across boards.
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HDFC Bank’s Q2FY27 results, led by new CEO Anup Bagchi, show expected flat net profit despite strong loan and deposit growth. Experts predict single-digit profit and interest income growth with stable margins.
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Air India, IndiGo, and Akasa Air have extended flight cancellations to Saudi Arabian cities due to security concerns. Flights to Riyadh, Jeddah, Dammam, and Madinah remain suspended until late October 2026, with refunds and rescheduling options available for passengers.
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Vedanta Group stocks showed mixed results over five sessions but rallied on October 16, 2026, supported by gains in metal stocks, softer crude oil prices, and a stronger rupee. Learn how each Vedanta entity performed and what drives their market movements.
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