Quant MF sells Jubilant Pharmova stake for over ₹100 crore; stock falls over 2%

The Hindu Business Line - Oct 13, 2026

Jubilant Pharmova's shares fell 2.32% to ₹928.80 on the NSE on Tuesday, after the transaction was executed a day earlier

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FM Sitharaman's LTCG tax remarks lift Sensex by 1,100 points. Can markets hope for a review?
Oct 13, 2026
FM Sitharaman's LTCG tax remarks lift Sensex by 1,100 points. Can markets hope for a review?

Indian equities rallied on Tuesday, with the Sensex surging over 1,100 points after Finance Minister Nirmala Sitharaman said discussions around long-term capital gains tax (LTCG) and securities transaction tax (STT) were ongoing. IT stocks also supported gains, led by HCL Tech and TCS. However, mixed broader-market trends, elevated crude prices and inflation concerns continued to temper investor sentiment.

'If you can't beat them, join them': Uday Kotak backs Chinese investment in India
Oct 13, 2026
'If you can't beat them, join them': Uday Kotak backs Chinese investment in India

Encouraging a paradigm shift, Uday Kotak of Kotak Mahindra Bank calls for increased Chinese investments in India. He posits that collaborating with Chinese firms could enrich India's manufacturing sector. Kotak’s remarks signal a reassessment of global investment trends, advocating for a cooperative model akin to China’s previous engagements with U.S. companies, aiming to expand the spectrum of available capital even in the face of trade tensions.

HDFC Bank shares climb 0.84% as Q2 results loom; sellers still dominate
Oct 13, 2026
HDFC Bank shares climb 0.84% as Q2 results loom; sellers still dominate

The stock opened at ₹707.00, hit an intraday high of ₹716.50 and a low of ₹705.10

Hitachi Energy, E2E Networks, Anant Raj, other AI-linked stocks slide up to 5% as global AI rout hits Indian markets
Oct 13, 2026
Hitachi Energy, E2E Networks, Anant Raj, other AI-linked stocks slide up to 5% as global AI rout hits Indian markets

Indian AI- and energy-linked stocks decline as a global technology sell-off deepens, with South Korea’s KOSPI plunging amid intensifying competition in the AI sector. Investors reassess AI valuations following sharp losses in Asian semiconductor stocks.

SIR Row: MoS Somanna accuses Congress of defending illegal voters
Oct 13, 2026
SIR Row: MoS Somanna accuses Congress of defending illegal voters

Union minister V Somanna has accused the Congress of opposing the Special Intensive Revision of electoral rolls because it does not want allegedly ineligible voters removed, as the political fight over the exercise intensifies. The Congress says the revision risks disenfranchising genuine voters, while BJP and JD(S) leaders have defended it as necessary for electoral integrity and criticised the Opposition’s campaign against it.

MPSC row: Government action against chairperson marks major win for Maharashtra student protests
Oct 13, 2026
MPSC row: Government action against chairperson marks major win for Maharashtra student protests

The Maharashtra government has decided to send MPSC chairperson Vivek Bhimanwar on leave following student protests. This administrative action follows allegations of examination irregularities that have gained national attention. Political figures, including Rahul Gandhi and Rohit Pawar, supported the student-led demonstrations and coordinated efforts. Chief Minister Devendra Fadnavis appointed FDA chief Tukaram Mundhe to the inquiry committee recently.

Amansa Investments, SBI Mutual Fund, others invest ₹413 cr in Tonbo Imaging ahead of IPO
Oct 13, 2026
Amansa Investments, SBI Mutual Fund, others invest ₹413 cr in Tonbo Imaging ahead of IPO

This comes ahead of the company's ₹852 crore Initial Public Offering (IPO)

'Bamo Wali Devi' mandir in Jaisalmer sees a record turnout of devotees. Check why Tanot Mata temple so famous
Oct 13, 2026
'Bamo Wali Devi' mandir in Jaisalmer sees a record turnout of devotees. Check why Tanot Mata temple so famous

Tanot Mata Temple in Rajasthan’s Jaisalmer district received more than 20,000 devotees on the opening day of Navratri. Revered as the ‘Goddess of Bombs’ because of accounts of unexploded bombs during the 1965 and 1971 India-Pakistan wars, the border shrine began its 10-day fair with traditional rituals. The BSF has arranged medical assistance, food, crowd management and other facilities for pilgrims.

British Council to resume IELTS exams after 4-day stoppage across China
Oct 13, 2026
British Council to resume IELTS exams after 4-day stoppage across China

IELTS examinations will resume across China on Wednesday, the British Council said after four days of cancellations that left test-takers scrambling at the height of the overseas university admissions season. The organisation announced on Tuesday afternoon that it would hold two free make-up sessions – on October 19 and 20 – for affected candidates and reimburse reasonable travel and accommodation costs for those who travelled to testing centres. The cancellations, which began on Saturday and...

Neha Bora age, education, father, family, Delhi protest: Things people are searching about AISA president on Google
Oct 13, 2026
Neha Bora age, education, father, family, Delhi protest: Things people are searching about AISA president on Google

Neha Bora Protest: Neha Bora, the national president of AISA, has drawn attention following protests in Delhi against Chief Election Commissioner Gyanesh Kumar. Here is what to know about her age, educational qualifications, father, family background, student politics and recent protests.

Rule out V-shaped recovery, markets can fall more, says PL Capital with Nifty 12-month target at 27,589
Oct 13, 2026
Rule out V-shaped recovery, markets can fall more, says PL Capital with Nifty 12-month target at 27,589

PL Capital remains cautious on the Nifty after its eight-week losing streak, ruling out a quick V-shaped recovery. The brokerage has trimmed earnings estimates but sees valuation comfort in largecaps, while flagging inflation, FII outflows and demand risks.

Rupee volatility in focus as Sitharaman signals more RBI action, weighs LTCG tax debate
Oct 13, 2026
Rupee volatility in focus as Sitharaman signals more RBI action, weighs LTCG tax debate

Finance Minister Nirmala Sitharaman said the RBI may take further measures to curb rupee volatility, clarifying that its aim is to stabilise the currency rather than fix its value. The rupee recorded its biggest single-day gain in six months on Monday after the central bank introduced curbs to reduce dollar demand and intervened in the market by selling dollars.

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