Here's a rundown of 11 significant news stories to keep you in the know:
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Hinduja Brothers confirm plan to increase stake in IndusInd Bank
Hinduja brothers on Wednesday (October 25) unveiled their strategic plans to increase their stake in IndusInd Bank and clarified the status of the Reliance Capital transaction.
In an exclusive interview with Sanjay Suri of CNBC-TV18, Ashok P Hinduja, Chairman of Hinduja Group of Companies (India), said they are planning to increase the stake in IndusInd Bank. Regulatory clearance for this move is already in principle, and they are raising capital through shareholders, with completion expected by November 15.
India to resume visa services in Canada from today
India will resume some visa services in Canada with effect from Thursday, October 26, the High Commission in Canada said on Wednesday. India will resume visa services for entry visa, business visa, medical visa, and conference visa, the High Commission said.
On September 21, BLS International, an online visa application centre said that the Indian Mission has suspended India visa services in Canada until further notice. The Ministry of External Affairs (MEA) confirmed the news. They said that due to the inaction of the Canadian government, India is stopping the issuance of visas temporarily. We will review the situation on a regular basis, they added. Those who have valid existing Indian visas can continue travelling to India, an MEA Spokesperson responded to CNBC-TV18's question.
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