PRIVATE INSTITUTE
India develops first indigenously discovered antibiotic "Nafithromycin" effective against resistant respiratory infections
India has proudly introduced Nafithromycin, its first homegrown antibiotic, tackling stubborn respiratory infections with groundbreaking efficacy. Coupled with a significant leap in gene therapy for Haemophilia, these innovations underscore India's commitment to self-sufficiency in the pharmaceutical arena. The country is now embracing a model that fosters collaboration with the private sector, setting the stage for international acclaim in biomedical research.
With no takers yet, White House sets meeting with colleges still weighing agreement with Trump
Five universities were asked to join a White House call regarding President Trump's higher-education compact, with the University of Virginia declining to sign. The compact asks colleges to align with Trump's political priorities for favorable research funding access, but has faced widespread rejection due to concerns over academic freedom and government interference.
NCVET’s role in India’s skilling reforms: From fragmentation to integration
India's skilling landscape is being transformed by NCVET. This body is unifying vocational training, linking it with general education. NCVET ensures quality and accountability, preparing learners for future jobs. Efforts are underway to scale up initiatives, integrate new technologies, and improve the social perception of skills. This aims to make India a global skill hub.
Global shocks no worry, India stays investors’ darling: S&P Global Ratings President Yann Le Pallec
India's economy is poised for strong growth, with S&P Global Ratings projecting expansion around 6.5% this year and 7% in the next two. The nation is seen as resilient to global trade shocks and geopolitical risks. Global investors view India as an attractive destination for stable, long-term growth opportunities. This outlook supports India's economic trajectory.
Stock Radar: SBI Life continues to consolidate in a range; takes support above 50-EMA; what should investors do?
SBI Life Insurance has consolidated since August but found support above key moving averages, indicating a potential rebound. Experts suggest short-term traders with a high-risk profile can buy the stock for a target of Rs 1,940 in the next 2-3 weeks, with a stop loss below Rs 1,810.
Rare earth supply now key concern after China curbs exports: Companies nudged to build critical mineral capacity
India is boosting its own critical mineral processing. The government is working with private companies to build this capability from scratch. This move aims to secure rare earth supplies for high-tech industries. India plans to stockpile reserves and offers incentives for processing units. Collaborations with other nations are also being explored to accelerate development.
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Schools Holidays: Check Diwali holiday dates for Delhi, Noida, Haryana, UP, Rajasthan and other states
School Holiday in Diwali: Indian schools will observe Diwali holidays from October 18 to October 23, encompassing major festive days. While most follow this pan-India schedule, states like Bihar, Rajasthan, and Uttar Pradesh have announced extended or altered breaks. Parents are advised to confirm specific dates with their institutions due to potential variations.
Allianz appoints Ritu Arora as India country head with immediate effect
Allianz has appointed a new leader to drive its India growth, leveraging her extensive experience in managing significant AUM and channeling investments into Indian markets. This strategic move follows Allianz's recent agreements to form joint ventures for reinsurance, general, and life insurance businesses in India, aiming to enhance financial resilience for millions.
How Rs 78 lakh crore mutual fund industry tweaked portfolios after GST rate cut, before Q2 results
In September, mutual funds rebalanced portfolios, increasing exposure to banks, automobiles, and select sectors, while trimming technology and consumer stocks; key buying seen in HDFC Bank, ICICI Bank, Kotak, and Tata Steel.
Sensex jumps over 500 pts, Nifty tops 25,450 on earnings optimism and fresh FII inflows
Indian stock markets traded higher on Thursday. The Sensex and Nifty saw gains, led by financial and consumer durable stocks. This rise was driven by positive sentiment regarding a domestic earnings recovery. Additionally, new foreign investments contributed to the upward trend. Investors are showing renewed confidence in the market.
Healthy start! Rubicon Research shares list at 28% premium over IPO price
Rubicon Research Share Price debuted on stock exchanges with a significant 27.9% premium, opening at Rs 620. The Rs 1,377 crore IPO saw overwhelming demand, subscribed 109 times, driven by strong QIB interest. Analysts cite robust financials, a specialized US generics portfolio, and a scalable model for the excitement.
New stimulus checks unveiled: $1,000 for every newborn could total $93,000 by adulthood. How to claim the amount?
President Trump's 'Big Beautiful Bill' launched 'Trump Accounts,' a $1,000 government deposit for newborns (2025-2028) to boost savings and birth rates. These hybrid accounts, like 529s and Roth IRAs, allow tax-free growth for education, home buying, or retirement. Families can contribute up to $5,000 annually, with potential for significant long-term accumulation.
RBL Bank shares up 5%, extend gains for second trading session. What’s fuelling the rally?
RBL Bank shares rose sharply on Wednesday after Emirates NDB Bank PJSC entered into advanced talks to invest Rs 15,000 crore, potentially becoming the largest shareholder in the private sector lender. The investment will be in the form of preferential allotment of equity shares and warrants, to be followed by an open offer for an additional 26%.
Sunil Subramaniam, Ex-MD of Sundaram Mutual Fund, joins BayFort Capital as advisor
Sunil Subramaniam, former MD of Sundaram Mutual Fund, has joined BayFort Capital as advisor, bringing over four decades of experience in banking, insurance, and asset management. At Sundaram MF, he grew the company's AUM from Rs 2,256 crore to Rs 80,791 crore, earning multiple industry accolades.
Canara HSBC Life IPO allotment date today: How to check share status on BSE and Kfin Technologies
Canara HSBC Life Insurance IPO allotment is scheduled for October 15. Refunds and share credits will follow on October 16. The stock will list on the BSE and NSE on October 17. The IPO saw a subscription of 2.30 times. Institutional investors led the demand. The grey market premium is currently flat. This indicates limited listing gains are expected.
IMF raises India’s FY26 growth outlook to 6.6%
The International Monetary Fund has increased India's economic growth forecast for the fiscal year 2026 to 6.6 percent. This positive outlook comes despite recent US tariffs on Indian goods. India is projected to achieve the highest growth rate among advanced economies, emerging markets, and developing countries for the current and next fiscal years.
Will Charlie Kirk parents Robert W Kirk and Kathryn Kirk attend Charlie Kirk Day or will they be sidelined? Full details
Will Charlie Kirk parents Robert W Kirk and Kathryn Kirk attend Charlie Kirk Day or will they be sidelined? On October 14, the United States observes Charlie Kirk Day, honoring the late conservative activist. This article explains the memorial events, the House resolution, family involvement, and Kirk’s life and legacy.
Credit growth of PSU banks outperformed private banks: DFS Secretary
Public sector banks are showing renewed strength and resilience. Credit growth now surpasses private banks. This improvement stems from better due diligence and credit standards. Customers are returning due to increased efficiency and transparency. Banks are urged to support MSMEs and startups. Specialised branches are being launched to offer sector-specific financial solutions and drive inclusive growth.
IPO-bound EAAA Alternatives raises $60 million from EIB for energy transition fund
EAAA Alternatives secured a $60 million commitment from the European Investment Bank for its $300 million India Energy Transition Fund, targeting renewable energy, energy storage, electric mobility, and other green infrastructure projects. The fund supports climate action and sustainability.
CDAC Bengaluru to host 30-petaflop supercomputer: IT Secy
India’s National Supercomputing Mission (NSM) has so far established more than 37 supercomputers with a total capacity of 40 petaflops across premier Indian institutions, said S Krishnan, secretary at the ministry. He was inaugurating the curtain-raiser event in Bengaluru for Supercomputing India 2025, the country’s first dedicated conference on supercomputing and high-performance computing.
Centre has shifted email IDs of 12 lakh employees to Zoho's platform: report
Central government employees, including those in the PMO, have had their email services migrated to Zoho Corporation's platform over the past year. This move follows a ransomware attack on AIIMS servers and aims to enhance data sovereignty and reduce reliance on global tech giants. Zoho's suite of work apps has also been activated for government use.
RBL Bank shares gain over 3% as Emirates NBD readies majority stake purchase. Check details
RBL Bank shares surged over 3% following news that Emirates NBD is negotiating a ₹15,000 crore investment, potentially becoming the majority shareholder with a 51% stake. The infusion will recapitalise the bank. Despite a 46% year-on-year profit drop in Q1 FY26, shares have rallied 87% year-to-date amid strong market optimism.
Bajaj Housing raises Rs 1000 crore in bonds, business grows 24% in Q2
Bajaj Housing Finance has successfully raised Rs 1000 crore by selling bonds to investors. The company secured this funding at a coupon rate of 6.95%. These bonds are non-convertible debentures and will mature in January 2028. This issuance marks the lowest coupon rate for the company's bond sales since July.
Govt opens PM Gati Shakti portal to pvt sector
The Indian government has opened its PM Gati Shakti portal to the private sector. This move aims to boost last-mile delivery services and infrastructure development. Private entities can now access crucial data for planning and investment. This initiative supports better project design and coordination. It will also aid informed decisions in healthcare, disaster management, and agriculture sectors.
Latest CGHS package rates: What is changing for central government employees and pensioners from October 13, 2025
The Central Government Health Scheme has announced revised package rates for empanelled healthcare organisations, effective October 13, 2025. These new rates aim for greater uniformity and rationalisation, incorporating factors like hospital accreditation, city classification, and ward entitlement. Existing MoAs will cease, requiring hospitals to re-empanel by the effective date.
The Loaning Curve: Small-town private schools thrive post-covid as lenders bet on education sector growth
Affordable private schools across India are experiencing a quiet revolution. Post-pandemic, these institutions are bouncing back and thriving, fueled by parental aspirations for quality English-medium education. Financial institutions are providing crucial loans for infrastructure upgrades and expansion. This trend is reshaping the education landscape, particularly in tier-2 and tier-3 towns, preparing students for a brighter future.
Unions oppose government move to open top bank positions to private sector, demand reversal of policy
Bank unions strongly protest the government's decision to open top positions in public sector banks to private sector candidates. UFBU argues this move is a de facto privatization and a legal/constitutional transgression, demanding the revised guidelines be suspended pending a comprehensive review and stakeholder committee formation.
The secret sauce for QSR success in India: What’s driving the rise of India’s homegrown QSRs
India's Quick Service Restaurant sector is experiencing unprecedented growth, fueled by significant investments and rising urban demand. Homegrown brands are achieving institutional valuations, driven by operational excellence, customer loyalty, and technology-enabled scaling. This evolution signals a golden era for well-managed QSR businesses poised for expansion and innovation.
Govt opens SBI MD, PSU banks ED positions for private sector candidates
The government has opened top management roles in public sector banks, including State Bank of India (SBI), to private sector candidates. One of SBI’s four MD positions and select executive director (ED) posts in PSBs will now accept private sector applicants.
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