MATRIX
How a banking scandal is taking down Trump’s ally in Paraguay
Paraguay's Ueno Bank has collapsed, leaving customers locked out of their accounts and prompting nationwide protests. President Santiago Peña faces impeachment while being linked to the bank's swift downfall amid allegations of misconduct. The Central Bank had found serious issues with Ueno’s lending practices prior to its seizure, which caused it to be declared insolvent. Regulators found that the bank issued loans beyond legal limits without proper categorization.
West Bengal may get 1 lakh crore investments in a few months: Suvendu Adhikari
Suvendu Adhikari said the BJP-led government would offer incentives starting May 9, but would be unable to clear the industrial incentives backlog of nearly Rs 50,000 crore owing to the state's debt burden of Rs 8 lakh crore. He promised to clear the backlog once West Bengal becomes a financially stronger state like Gujarat, Maharashtra and Tamil Nadu in the next two years.
HSBC India arm leases 1.2 lakh sq ft office space in Bengaluru
HSBC's India division has secured a long-term sub-lease for more than 120,000 square feet of office space. This transaction is located in the commercial tower Ecospace Campus 1C on Outer Ring Road, Bengaluru. The lease includes a financial commitment of approximately Rs 191.84 crore over an initial five years. Following the lease terms, there is an option for a five-year extension at the same rate.
8th Pay Commission: Rs 69,000 minimum pay, 40% HRA, 67% pension; 5 key NC-JCM demands and their impact on payouts
The National Council of the Joint Consultative Machinery has submitted essential recommendations to the 8th Pay Commission that could impact central government employees. Key proposals include a significant increase in minimum pay, pension, and annual increments. The council also suggests revising house rent allowance rates and allowing leave encashment for up to 600 days. If implemented, these changes could benefit over one crore employees and pensioners financially.
Ajinkya Rahane’s wife is now the proud owner of Rs 13 crore Mumbai apartment. Who is Radhika Rahane? A look at her qualifications and love story with the cricket star
Ajinkya Rahane’s wife, Radhika, has recently purchased a splendid apartment in Dadar West, Mumbai, and splurged a whopping Rs 13 crore on her new home. She is frequently active on social media and has been a vocal supporter of her husband throughout his career.
Toxic composer Vishal Mishra buys four apartments in Mumbai’s Andheri for ₹22.25 crore, spanning over 5,000 sq ft: Report
Toxic film composer Vishal Mishra, known for songs from Kabir Singh, Animal and Saiyaara, has reportedly purchased four apartments in Mumbai's Andheri West for ₹22.25 crore, according to CRE Matrix.
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Corning operationalises Pune optical plant; capacity expansion planned by 2027
The company’s other plant in Chennai, has begun production of finishing glass for the first time in India. Inaugurated in December, 2025, it is currently undergoing validation by original equipment manufacturers (OEM), and will commence commercial production within the next few quarters, Pillai said.
This startup is selling a Rs 94,835 mosquito trap that uses a powerful blue laser and sensors similar to those in self-driving cars to track and kill mosquitoes while detecting people, pets and nearby surfaces to prevent accidental firing
Photon Matrix has introduced a laser device that identifies and eliminates mosquitoes effectively. The products are priced at around $1,000 each, with a delivery estimate of 120 days. Both the indoor and outdoor models utilize advanced A.I. for mosquito detection and targeting. The system is designed to be safe for humans and pets, although independent safety testing is pending. This technology aims to revolutionize traditional mosquito control methods.
Ferrari accelerates India push as 'market of the future', targets younger buyers while guarding exclusivity
Benedetto Vigna, CEO of Ferrari, who has been driving around Indian roads, talks about the need to be closer to the clients, how their Indian customer is younger than in the rest of the world and why Ferrari always makes one less car than what the market demands
NCLAT sets aside insolvency proceedings against Polycab over Rs 2.78 crore dues
NCLAT overturned the insolvency proceedings against Polycab India Limited, which originated from a claim by Asier Metals. The tribunal found unresolved disputes regarding payments and alleged operational dues amounting to Rs 2.78 crore. NCLAT noted that effective communication existed between the two parties detailing ongoing disagreements over credit notes and charges. Additionally, Polycab disputed the creditor's demand, indicating significant unresolved financial matters.
D2C skincare brand Foxtale’s revenue doubles to Rs 383 crore in FY26
Founded in 2021 by Romita Mazumdar, Foxtale is a beauty and skincare brand that sells moisturisers, sunscreens, serums, cleansers and more based on different skin types. It competes with L'Oréal-backed Deconstruct, Nykaa-owned Dot & Key, HUL-owned Minimalist and others.
Ishq Wala Love singer Salim Merchant is now owner of Rs 12.85 crore commercial property in Mumbai’s Santacruz
Composer Salim Merchant, known as one half of the composer duo Salim-Suleiman, recently bought a commercial property in Mumbai’s Santacruz for a staggering Rs 12 crore.
Rehearsing for Utopia
The Kochi-Muziris Biennale promotes public engagement through art workshops, student exhibitions and community initiatives. However, questions remain about whether people have a genuine say in its governance. Drawing comparisons with the Venice Biennale, curator Premjish Achari argues that art festivals must embrace transparency, shared decision-making and greater public participation.
Research: Navigating the Business Risks of Changing Pro-America Sentiment
U.S. firms increasingly operate in a marketplace where “Made in USA” is no longer a neutral provenance claim but a charged political signal. A new study analyzing 5,355 companies over twenty years found that pro-America marketing has increasingly shifted from pride-based patriotism to grievance-fueled, us‑versus‑them nationalism. While this can create upsides—new customers, loyalty, pricing power—it also exposes companies to narrative capture, boycotts, and legal scrutiny. To avoid risk, companies must examine their exposure along two axes: domestic embeddedness and symbolic intensity. Leaders must align operations and symbolism, set clear guardrails, and proactively manage meaning drift before others define their loyalties.
Tiger Shroff sells Khar apartment for ₹9 crore after buying it for ₹7.6 crore in 2018: His 2.1% annual appreciation may surprise you
Tiger Shroff sold his luxury apartment located in Khar West, Mumbai for ₹9 crore, reflecting an appreciation of 18.3%. He purchased this property in 2018 for ₹7.61 crore, which he sold eight years later. The sale occurred shortly after a shooting incident involving his car in Juhu, which left his driver and a passer-by injured.
OMCs back interim LPG distributors' commission hike; ministry approval awaited: AIHPGDA
In a communication dated October 22, AIHPGDA President Rajendra B said the assurance came during a bipartite meeting held on October 21 at IOCL's head office in Mumbai, attended by marketing directors, executive directors and senior officials of the three OMCs, along with representatives of LPG distributor associations.
Tiger Shroff sells luxury apartment in Mumbai’s Khar for Rs 9 crore
Bollywood actor Tiger Shroff has sold his 1,291 sq ft luxury apartment in Mumbai’s Khar West for ₹9 crore, with the transaction registered on October 22. He had bought the property directly from the developer in July 2018 for ₹7.61 crore, marking an increase of about 18.3% in its sale price.
Saif Ali Khan has earned Rs 4.11 crore from selling his Bandra West flat. Another Mumbai property will give him Rs 14 crore over the next 5 years. Here’s how
Race star Saif Ali Khan recently sold his luxurious Mumbai Bandra West apartment for a whopping Rs 4.11 crore. Have a look at a few of the actor’s profitable real estate deals
Saif Ali Khan sells 797 sq ft Bandra West apartment with two parking spaces for Rs 4.11 crore
Saif Ali Khan has sold a 797 sq ft apartment in Bandra West, Mumbai, for Rs 4.11 crore, along with two open parking spaces, according to property registration documents accessed by CRE Matrix. In a separate deal, the actor has leased two commercial units on Andheri Kurla Road to Durva Fintech Private Limited for Rs 22.76 lakh per month. The actor also owns a family home in Satguru Sharan and previously purchased an apartment in Fortune Heights, Bandra.
These 7 banking stocks have an upside potential of up to 28% in 1 year, according to analysts
If FPI selling returns to the levels seen in April and May, financial sector stocks are the ones likely to be hit the most. This would be irrespective of how the fundamentals are for the industry. The reason is simple: Higher ownership by institutional investors, especially FPIs. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components, earnings, fundamentals, relative valuation, risk, and price momentum, to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members.
Sara Ali Khan, Amrita Singh lease Andheri office in Mumbai to AI firm for 5 years at Rs 3.76 crore; check rent, deposit and other details
Sara Ali Khan and her mother, Amrita Singh, have officially signed a five-year lease for a commercial property in Mumbai. The monthly rent is set at ₹5.85 lakh, with Upsurge Labs LLP slated to move in on October 1, 2026, following a rent-free duration for renovations. The total lease value will amount to ₹3.76 crore.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of up 32%, according to analysts
History tells us that there is no way you can time the markets or predict its movement. But one thing can certainly be said: If the macro matrix, which at this point of time is being determined by oil prices globally, stays disturbed, the bears will rule the street for some more time.
Tiger Shroff firing incident: Check the actor’s net worth, business ventures, property investments and other income sources
Tiger Shroff was reportedly caught in a firing incident in Mumbai's Juhu on Sunday evening, prompting a police investigation. The actor, who was taken to Nanavati Hospital, was reported to be safe. Amid the incident, here's a look at his estimated net worth, film fees, brand endorsements, businesses and luxury property investments.
Think outside the box, never give up: 10 management clichés that can lead to bad decisions
A new book offers a critique of popular management maxims, revealing the potential pitfalls in conventional leadership wisdom. By examining diverse situations through decision matrices and real-life stories, this helps clarify how context can drastically alter the relevance of these sayings, urging leaders to think critically rather than rely solely on memorable mantras.
MINI Cooper Oxford Edition launched in India at Rs 55.5 lakh: Check features, specifications, colours and availability
MINI Cooper Oxford Edition specifications: MINI has launched the Cooper Oxford Edition in India at Rs 55.50 lakh (ex-showroom) on Friday, October 16, celebrating 25 years of modern MINI production at Plant Oxford in the UK. Available in limited quantities, the special edition features Union Jack-inspired styling, two exterior colour options, JCW sport seats, a 240mm circular OLED touchscreen and a 204 hp petrol engine. Bookings are open at authorised MINI India dealerships, with deliveries commencing immediately.
Jio valuation matrix: Why are RIL investors looking past headline IPO size?
Reliance Industries is gearing up for the highly anticipated Jio Platforms IPO, which is expected to generate significant capital. Despite this, recent declines in RIL shares reveal a cautious mood among investors about potential future gains. Analysts note that although the IPO could establish Jio's market valuation, immediate advantages for RIL shareholders remain unclear, given concerns about refining margins, capital needs, and core business performance affecting sentiment.
8th Pay Commission salary calculator: Can Level 10 employees get Rs 34 lakh extra basic pay at 7% increment rate in 10 years?
8th Pay Commission news: The 8th Pay Commission has completed discussions in Bengaluru and will move to Mumbai soon. On October 22 and 23, 2026, meetings will occur with various employee and pensioners' organsations. Stakeholders are advocating for an increase in the annual increment from 3% to between 5% and 7%. The proposed changes aim to improve salaries significantly over the next decade for employees in Levels 8 to 10.
Chewing gum is not an eatable item says Gujarat HC: Bubble gum is not swallowed hence it attracts higher 12.5% tax, rules court
Gujarat High Court has ruled that chewing gum cannot be classified as an edible sweet or sweetmeat under state Value Added Tax provisions because consumers do not swallow the rubber base. Reversing an order by the state VAT tribunal, a division bench held that the product attracts a higher 12.5% tax under the residuary entry rather than the reduced 4% slab meant for confectionery.
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