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Fairfax’s IDBI Bank Bid Moves Closer as CSB Stake Issue Emerges

Fairfax’s IDBI Bank Bid Moves Closer as CSB Stake Issue Emerges

Canada’s Fairfax Financial, a frontrunner for acquiring the government and LIC’s stake in IDBI Bank, may be given up to two years to consolidate its existing banking interests in India, according to sources. The proposed transaction, valued at more than $5 billion, would be the largest foreign investment in an Indian bank and is currently in the final stages of approval. Under Reserve Bank of India rules, an entity cannot own and operate two separate banks. Fairfax owns around 40% of CSB Bank, creating a regulatory requirement if it acquires control of IDBI Bank. Sources said Fairfax could either sell…
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Alaska Plane Crash: Charter Plane Goes Down Near Radar Station, All 8 Onboard Killed

Alaska Plane Crash: Charter Plane Goes Down Near Radar Station, All 8 Onboard Killed

Eight people were killed after a charter aircraft crashed near a remote military radar site in western Alaska on Thursday. The US military’s Alaskan Command confirmed the deaths after the search and rescue operation was completed. The aircraft was carrying two pilots and six passengers when it went down near Cape Newenham. According to Reuters, citing a spokesperson for the Federal Aviation Administration (FAA), the Cessna 441 crashed west of Cape Newenham LRRS Airport at around 12:15. The charter aircraft had taken off from Anchorage International Airport and was headed to Cape Newenham when the accident occurred. The plane was…
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BPCL takes Bharatgas Lite ZIP to four Odisha cities in 100-city expansion

BPCL takes Bharatgas Lite ZIP to four Odisha cities in 100-city expansion

Bharat Petroleum Corporation Limited (BPCL), a Fortune Global 500 company and Maharatna PSU, has rolled out its Bharatgas Lite ZIP LPG offering in Bhubaneswar, Berhampur, Cuttack and Rourkela, expanding the premium convenience-led proposition as part of its landmark 100-city national rollout. The offering combines Bharatgas Lite's lightweight, corrosion-free and transparent composite cylinder with Instant New Connection and Express Delivery, aimed at making LPG access easier, faster and more convenient. The transparent cylinder also enables consumers to check the remaining LPG level, while its lighter design improves handling. In Bhubaneswar, the rollout comes as the state capital's expanding urban population increasingly…
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ICICI Prudential Life launches new fund for long-term equity investors

ICICI Prudential Life launches new fund for long-term equity investors

ICICI Prudential Life Insurance has launched the BSE 500 Momentum Value 50 Index Fund, offering customers a new investment option that combines value and momentum strategies for long-term equity participation through select unit-linked insurance plans (ULIPs). The fund will provide exposure to 50 companies selected from the broad BSE 500 universe and follow the ICICI Pru BSE 500 Momentum Value 50 Customized Index. It uses a rules-based approach to identify companies with attractive valuations and positive price momentum. The portfolio will be reviewed every quarter, allowing it to adapt to changing market valuations and trends. If a stock cannot be…
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PWNSAT 2026 opens registrations with scholarships, cash rewards and support for top 500 students

PWNSAT 2026 opens registrations with scholarships, cash rewards and support for top 500 students

PhysicsWallah (PW) has opened registrations for the fourth edition of its PhysicsWallah National Scholarship cum Admission Test (PWNSAT) 2026, expanding financial and academic support for students preparing for JEE and NEET examinations. The scholarship test is open to students from Class V to XII and Class XII pass-outs across both PCM and PCB streams, with registrations available free of cost. Under PWNSAT 2026, eligible students can receive scholarships of up to 100% tuition fee waivers, while cash rewards worth up to Rs 2.5 crore are also on offer. A major component of the programme is free education and accommodation support…
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ABD’s credit rating upgraded to IND AA- as growth and profitability strengthen

ABD’s credit rating upgraded to IND AA- as growth and profitability strengthen

Allied Blenders and Distillers Limited (ABD), one of India’s leading spirits companies and the country’s largest exporter by volume, has received a two-notch credit rating upgrade from India Ratings & Research (Ind-Ra), with its bank facilities upgraded from IND A to IND AA- and assigned a Stable Outlook. The upgrade reflects ABD’s continued expansion in its consolidated scale of operations in FY26, with Ind-Ra expecting the company to sustain and further grow its business over the medium term. The Stable Outlook is supported by expectations of sustained profitability, aided by premiumisation and an improved sales mix that could enhance gross…
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Drivn and Tata Motors partner to drive electric truck leasing

Drivn and Tata Motors partner to drive electric truck leasing

EV leasing platform Drivn has signed a memorandum of understanding with Tata Motors to explore customised leasing and financing solutions for electric commercial vehicles, with plans to deploy more than 1,000 electric trucks over the next two years. Under the partnership, Drivn will offer bespoke operating lease solutions for Tata Motors’ electric commercial vehicle portfolio, helping fleet operators address challenges related to high upfront costs, deployment timelines, charging infrastructure and fleet operations. Rajesh Kaul, Vice President and Business Head – Trucks at Tata Motors, said the collaboration aims to make electric trucks more accessible and support India’s transition towards sustainable…
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Manipur Government Backs NRC, CM Says Implementation Issues to Be Addressed

Manipur Government Backs NRC, CM Says Implementation Issues to Be Addressed

Manipur Chief Minister Yumnam Khemchand Singh on Thursday assured a visiting students' delegation that the State government would discuss the implementation of the National Register of Citizens (NRC) in Manipur in the ensuing Assembly session that begins on September 2. The Chief Minister also informed the students that the government supports the implementation of NRC in the State. He said the conduct of NRC updation and error free implementation of NRC are two issues that need to be addressed. Notably, a delegation of students representing 10 schools and colleges met the Chief Minister demanding the implementation of NRC before Census…
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iQOO TWS 5e Debuts With 35dB ANC, 11.5mm Drivers and Up to 50 Hours of Playback

iQOO TWS 5e Debuts With 35dB ANC, 11.5mm Drivers and Up to 50 Hours of Playback

iQOO has introduced the TWS 5e in China, adding a new pair of truly wireless earbuds to its audio portfolio. The earbuds were launched alongside the iQOO Neo 11 Ultra and iQOO Z11S and come with a combination of audio, gaming and smart features. The iQOO TWS 5e features 11mm high-resolution drivers and offers 35dB active noise cancellation. The earbuds are designed for gaming as well, with a claimed 42ms low-latency mode and Bluetooth 5.4 support. For audio, the earbuds support AAC, SBC and LC3 codecs. They also feature Monster Sound gaming audio with DeepX 3.0 stereo sound. Users can…
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PWNSAT 2026 targets wider student participation with scholarships, cash rewards and support for top 500

PWNSAT 2026 targets wider student participation with scholarships, cash rewards and support for top 500

PhysicsWallah (PW) has launched the fourth edition of its PhysicsWallah National Scholarship cum Admission Test (PWNSAT) 2026, with the initiative offering financial assistance and academic support to students preparing for JEE and NEET examinations. Free registrations are open to students from Class V to XII and Class XII pass-outs from both PCM and PCB streams. The scholarship programme offers eligible students tuition fee waivers of up to 100%, along with cash rewards worth up to Rs 2.5 crore. The programme's key support component is free education and accommodation for the top 500 eligible students, based on their performance in PWNSAT…
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