Rahul Gandhi wrote to IDBI Bank staff opposing the sale of a 60.72% stake to Canada's Fairfax for about Rs 53,000 crore. Finance Minister Nirmala Sitharaman replied that Congress-era banking ran on connections and that the bank was revived by over Rs 25,000 crore of recapitalisation.
Zoho co-founder Sridhar Vembu wrote on X that any computer-based job now carries the risk that one skilled person using AI can do the work of ten. He said 90% of such workers will not be left jobless, expects new demand from firms that could not afford specialists, and called the transition painful.
A 3.6-magnitude earthquake struck south Kashmir early Friday, centred near Kulgam/Anantnag at about 12:30 am. Tremors were felt across parts of the Valley, with no major damage or casualties reported so far.
Jayapur police seized 22 boxes of illegal firecrackers worth Rs 3 lakh on Friday, ahead of Diwali. The 2026 Diwali period runs from 6 to 11 November, with Lakshmi Puja on 8 November.
Onion prices have risen again in India during the festive season, with reports citing supply shortages and weak monsoon conditions. One report put the year-on-year rise at 108%, alongside higher September retail inflation. Ukraine also saw a 12% weekly jump in wholesale onion prices.
The rupee strengthened into month-end on 30 Oct, logging its best monthly gain since February after steps to curb dollar demand. USD-INR has traded around ₹94.90–₹95.26, with oil prices still a key risk.
Spot gold fell below $4,000 an ounce on Friday after strong US data firmed bets on a December Fed hike. In India 24-carat gold fell Rs 1,690 to about Rs 1,42,600 per 10 grams; Kerala rates fell 1.17%. Gold is on course for a monthly loss of about 3.5%.
Prime Minister Narendra Modi will release the 24th PM-Kisan instalment of over Rs 18,680 crore to more than 9.34 crore farmer families on 30 October from Bhildi, Gujarat. Gujarat's 52.33 lakh families get over Rs 1,051 crore. He will also launch projects worth about Rs 14,000 crore.
Producer Dil Raju, through Sri Venkateswara Creations, has bought the theatrical rights of Naga Chaitanya's mythical thriller Vrushakarma in Andhra Pradesh, Telangana and Karnataka. The price is undisclosed. Directed by Karthik Dandu, the film is set for release on 4 December.
Cyclone Arnab's remnants and a western disturbance keep the weather unsettled. The IMD warns of heavy to very heavy rain in Bihar, east UP and West Bengal on Friday and thunderstorms with hail and gusts to 70 km/h in Delhi, Haryana and Punjab. A new low-pressure area is forming over the Andaman Sea.
Vijay Sethupathi’s Tamil film Baththa began streaming on Netflix on 29 October 2026, weeks after its 1 October theatrical release. Set in 1986 Madras, it follows a boy who traps a feared criminal in a school restroom, sparking an unlikely bond.