Gold eases on firm dollar; spotlight on US inflation data

The Hindu Business Line - Oct 16, 2026

Spot gold fell 0.2% to $4,164.45 per ounce by 0201 GMT after ‌hitting a one-week peak on Monday

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Akal Takht Jathedar Gargajj accords Parvinder Singh Jhota as martyr of Sikh community
Oct 16, 2026
Akal Takht Jathedar Gargajj accords Parvinder Singh Jhota as martyr of Sikh community

Akal Takht Jathedar Giani Kuldip Singh Gargajj conferred the status of a martyr of the Sikh community to Parvinder Singh Jhota. The development came amid the religious leader's visit to Mansa to meet the bereaved family and express their condolences. Gargajj offered an 'ardas' (Sikh prayer) in memory of Jhota. The leader said young people raising their voices against drugs were being killed.

Man books IRCTC railway room for Rs 333, finds Indian toilet instead of Western; gets Rs 20,000 compensation
Oct 16, 2026
Man books IRCTC railway room for Rs 333, finds Indian toilet instead of Western; gets Rs 20,000 compensation

A 72-year-old man who booked a Rs 333 retiring room at Chittorgarh railway station found an Indian toilet instead of the western toilet listed on the IRCTC portal. After returning the keys without using the room and failing to get a refund, he approached the consumer commission, which enhanced compensation from Rs 3,000 to Rs 20,000.

Nothing wrong with apologising if SC thinks I've made inappropriate remarks: Sanjay Raut
Oct 16, 2026
Nothing wrong with apologising if SC thinks I've made inappropriate remarks: Sanjay Raut

Sanjay Raut expressed his willingness to apologize to the Supreme Court for any inappropriate comments he may have made, emphasizing that respect for the judiciary has always been paramount to him and his party. His remarks were in response to ongoing legal disputes involving electoral rolls and his party's identity, highlighting concerns over the lengthy process regarding the Shiv Sena name and symbol.

Case registered against BJP councillor Sreelekha over remarks against Rahul Gandhi
Oct 16, 2026
Case registered against BJP councillor Sreelekha over remarks against Rahul Gandhi

Police filed a case against R Sreelekha after her controversial remarks about Rahul Gandhi at a BJP event. Sreelekha criticized Gandhi's conduct and compared it to drug influence, which sparked backlash from Congress leaders. A complaint was lodged by Congress leader K S Sabarinadhan, prompting police action in Kollam district. They plan to review video evidence from the event as part of the investigation.

Flat opening seen Indian stock markets amid cautious mood
Oct 16, 2026
Flat opening seen Indian stock markets amid cautious mood

Analysts expect the market to remain volatile and may see selling pressure on every rise

NISM, CAMS partner to integrate AI-powered regulatory intelligence platform into RegTech Lab
Oct 16, 2026
NISM, CAMS partner to integrate AI-powered regulatory intelligence platform into RegTech Lab

The collaboration will give students, faculty and market professionals practical exposure to regulatory research and compliance workflows across India’s capital markets ecosystem.

SEBI exempts DKJ Ownership Trust from open offer for 19.85% stake in S Chand
Oct 16, 2026
SEBI exempts DKJ Ownership Trust from open offer for 19.85% stake in S Chand

The proposed transfer will change individual shareholdings within the promoter group while leaving its combined stake in the educational publisher unchanged

Jubilant Pharmova approves ₹800 crore NCD issue through private placement
Oct 16, 2026
Jubilant Pharmova approves ₹800 crore NCD issue through private placement

The pharmaceutical company’s board has cleared the debt issue, with the interest rate to be determined through the bidding process.

Rajendra Arlekar moves to Tamil Nadu, Om Prakash Mathur appointed Keralam Governor
Oct 16, 2026
Rajendra Arlekar moves to Tamil Nadu, Om Prakash Mathur appointed Keralam Governor

The appointments cover six states, with changes in leadership across Tamil Nadu, Keralam, Sikkim, Karnataka, Uttarakhand and Odisha

Karnataka High Court strikes down enhanced SC/ST quota, upholds 50% reservation ceiling
Oct 16, 2026
Karnataka High Court strikes down enhanced SC/ST quota, upholds 50% reservation ceiling

The ruling follows two petitions challenging the constitutional validity of Karnataka’s law that raised overall reservation for SCs, STs and OBCs to 56 per cent

EC carries Special Summary Revision to silence opposition after voter deletions in SIR: DMK
Oct 16, 2026
EC carries Special Summary Revision to silence opposition after voter deletions in SIR: DMK

The opposition DMK alleges that the Special Summary Revision is intended to appease parties after voter removals. Senior leader T K S Elangovan expressed concerns over the election process and criticized the Chief Minister's lack of accountability. He called the Election Commission's actions biased towards the ruling party at the Centre. Elangovan supported complaints about MLA poaching and noted neglect of fishermen's issues.

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