Jio Platforms Ltd's (JPL) public offer, valued at Rs 30,213 crore, was fully subscribed within 100 minutes of opening, making it the fastest-ever subscribed IPO in India, driven by strong institutional demand.
HCLTech announced a robust 21.18 per cent increase in its Q2 FY27 consolidated net profit, reaching Rs 5,132 crore, largely propelled by the strong performance and higher margins from its advanced AI operations and a reduced tax burden.
A special CBI court in New Delhi has sentenced former government official Neeraj Khatri to four years' rigorous imprisonment in a corruption case. The court emphasised the need for strong deterrence against corruption but considered Khatri's age and dismissal from service when deciding the sentence, noting his prior convictions.
Assam Police have formed a six-member Special Investigation Team (SIT) to probe a firing incident at Hotel Bilas Inn in Guwahati that claimed five lives on Monday night. The incident stemmed from a dispute between the hotel owners and leaseholder Ghanakanta Gogoi, who has been arrested. Four members of a family and a staffer were killed, while another person was injured. The bereaved family alleges the attack was planned.
A 'Punjab Bandh' was observed on Thursday, leading to widespread closures of shops and private schools and road blockades across several districts, following the murder of anti-drug activist Parvinder Singh Jhota in Mansa on Tuesday. Jhota was shot by a chemist owner for questioning the sale of addictive drugs. The incident has triggered significant political backlash against the Aam Aadmi Party government, with various organisations and opposition parties demanding accountability and a CBI probe.
A businessman in Shahjahanpur, Uttar Pradesh, organised a mass wedding for 101 underprivileged Hindu and Muslim couples, providing not only the ceremony but also household items. Inspired by his lack of a sister, Vinay Agarwal's initiative has grown significantly since 2018, offering crucial support to families struggling with wedding expenses.
India's largest bank, SBI, is investigating the suspected exposure of 3,897 customer records containing personally identifiable information on the dark web. The bank received alerts on October 16 and has initiated cyber incident response protocols, engaging an independent cybersecurity agency. While a detailed assessment is underway, SBI states the incident has not materially impacted its core business operations. This comes as CERT-In also warned last week about autonomous AI agents accessing confidential data and reported a compromise of eMudhra's private keys.
Madhya Pradesh Lokayukta police raids have uncovered 46 immovable properties worth an estimated Rs 64 crore allegedly linked to head constable Firoz Khan, his family, and associates. The properties, including houses and land, far exceed his legitimate income over 24 years of service, prompting an ongoing investigation under the Prevention of Corruption Act.
Nandan Nilekani, co-founder of Infosys, has urged for the expanded adoption of the Account Aggregator (AA) framework to facilitate formal credit access for self-employed individuals and gig workers. He highlighted its potential to enable cash-flow-based lending by leveraging diverse data streams, moving beyond traditional asset-based lending, and fostering a more inclusive digital financial infrastructure in India.
Two men accused in separate murder and rape-murder cases were killed in alleged gunfights with law enforcers in West Bengal on Tuesday. Both incidents occurred during crime-scene reconstruction after the accused purportedly snatched firearms from officers and opened fire. The cases involved the rape and murder of a 17-year-old schoolgirl and the killing of a BJP worker, both of which had triggered public outrage.
The CBI has arrested a medicine specialist and a contractual staffer from Delhi's Bhagwan Mahavir Hospital for allegedly accepting a Rs 1 lakh bribe. The doctor, a nodal officer for outsourcing, sought the bribe to ensure a tender was not cancelled and bills were cleared. Both accused were apprehended and are being interrogated.
Olympique de Marseille and Lille, two prominent French football clubs, reported that their official stores were looted during the widespread weekend unrest across France, which saw thousands arrested and significant property damage.
Jio Platforms Ltd, the digital and telecom arm of Reliance Industries, is poised to launch India's largest-ever initial public offering (IPO) at Rs 30,213 crore, surpassing Hyundai Motor India's Rs 27,870-crore offering.
Elon Musk has renewed his criticism of Mukesh Ambani regarding Starlink's entry into India, accusing Ambani's supporters of hypocrisy for simultaneously claiming Starlink can't compete with low prices and that it poses a strong competitive threat. Musk argues that competition would benefit Indian consumers and that Starlink would adjust pricing if too expensive. He also shared reports alleging Reliance-funded political donations. Communications Minister Jyotiraditya Scindia stated India does not permit monopolies and that multiple players, including Starlink, have received satcom licences.
A state-wide bandh was observed across Punjab on Thursday following the murder of anti-drug activist Parvinder Singh Jhota in Mansa. Markets and educational institutions remained shut, and roads were blocked by protesters, disrupting traffic. Jhota was shot on Tuesday for questioning the illegal sale of addictive drugs. His family, supported by various political parties and farmer unions, has refused to perform his last rites until justice is delivered, demanding resignations of top officials and a CBI probe. The incident has intensified the political debate on drug menace and law and order in Punjab.
Alejandro Davidovich Fokina rallied from a set down to defeat Rafael Jodar in three sets, capture his biggest career title at Shanghai and secure a projected career-high ranking.
L&T Technology Services (LTTS) CEO Amit Chadha announced that artificial intelligence is a net positive for the company, with six key focus areas expected to contribute 80% of revenue in five years. These areas, including digital manufacturing and AI infrastructure, are projected to deliver higher growth and margins, offsetting pricing pressures in traditional IT services. LTTS also inaugurated an NVIDIA-powered AI manufacturing lab in Bengaluru.
The Indian government has strongly refuted Elon Musk's allegations that Starlink's satellite communication services are being blocked in the country, asserting that a fair and non-discriminatory regulatory framework is in place for all telecom providers. The government emphasised that compliance with security norms is mandatory for all licensees, including Starlink, Jio Satcom, and Eutelsat OneWeb, all of whom are currently undergoing security assessments.
'Borrowers may stop EMIs if the loan or tripartite agreement expressly permits suspension, including where disbursements or repayments are linked to specified construction milestones.'
Should the Tata Sons board heed the views of its majority shareholder? asks Laveesh Bhandari.
Unlimited health insurance plans offer a financial cushion against mounting medical bills, but buyers must look beyond the coverage amount and understand the fine print, including exclusions, waiting periods, and co-payments, before committing to the high premiums.
The Cabinet Secretariat declined to act on complaints from two Election Commissioners regarding a Senior Deputy Election Commissioner's conduct, citing that the communications were in an "individual capacity" and not an official stance from the Election Commission as a whole. This decision was based on concerns about potential interference in the constitutional body's functioning.
The directive comes amid concerns over steep mark-ups on medicines and medical consumables sold at hospital pharmacies.
Coursera found that nearly 94 per cent of employers of professionals who took micro-credential courses on the platform said these professionals could command higher salaries than their peers.
Pakistan and the European Union have agreed to enhance their cooperation in combating terrorism across all forms. This commitment was solidified during the 10th Pakistan-EU Bilateral Counterterrorism Dialogue in Islamabad, where both sides condemned terrorism and discussed evolving threats, including those in cyberspace. They also expressed concern over the security situation in Afghanistan and pledged to work together in multilateral forums.
Foreign Portfolio Investors (FPIs) have withdrawn Rs 48,056 crore from Indian equities in October, driven by elevated crude oil prices, Middle East tensions, inflation concerns, and weak corporate earnings, though selling pressure moderated towards the end of the month.
The Maharashtra Food and Drug Administration (FDA) has suspended the licence of a BEST canteen in Mumbai's Borivali West due to unhygienic conditions and violations of food safety regulations. This action is part of a broader statewide inspection drive that led to the seizure of approximately 35,547 kg of food stock worth an estimated Rs 79.97 lakh across various divisions, including Chhatrapati Sambhajinagar and Nashik.
Odisha Vigilance department arrested Superintending Engineer Prasanjit Das after seizing over Rs 21.88 lakh in unaccounted cash from him. Das, accused of demanding bribes, was intercepted on Friday night, and further cash was found during searches at his residences. He faces charges under the Prevention of Corruption Act, 2018.
'You cannot say on day one that a stock is a multibagger. Multibaggers evolve.'
Indian benchmark indices Sensex and Nifty closed higher for the second consecutive day, primarily driven by robust buying in IT stocks following strong quarterly results and positive global trends. Tech Mahindra notably surged over 8% after reporting a significant jump in net profit.
Indian benchmark equity indices, Sensex and Nifty, closed lower for the fourth consecutive session, driven by a surge in crude oil prices above USD 114 per barrel due to escalating tensions in West Asia, coupled with broad-based selling and FII outflows.
The Delhi High Court has overturned a Central Information Commission (CIC) order that mandated the disclosure of information regarding the Prime Minister's foreign visits on IAF aircraft under the RTI Act. The court cited national security concerns and the physical safety of the Prime Minister, stating that no sufficient larger public interest was demonstrated to override these risks. It also noted that the CIC erred in directing disclosure of Special Foreign Returns (SFR) - II.
'If you ask Prime Minister Modi prove you are Indian, as per the Election Commission's criteria, he may not be able to prove that he is an Indian.'
Eutelsat OneWeb, a satellite communications company, is awaiting approvals from the Indian central government to launch its services, as confirmed by Sunil Mittal, chairman of Bharti Enterprises, the largest shareholder in the Eutelsat group.
According to World Health Organization a total count of at least 39 million sperm per ejaculation is considered within the normal range.
Gadi Eisenkot, a career soldier and leader of the centrist Yashar party, has emerged as Prime Minister Benjamin Netanyahu's principal challenger in the upcoming Israeli general election. His campaign is testing whether a leader from Israel's historically marginalised Mizrahi community can reshape the country's political establishment, which has been dominated by Ashkenazi Jews.
Reliance Industries Ltd (RIL) has publicly welcomed competition from Elon Musk's Starlink in the satellite communications sector, asserting that all players, including Jio, must abide by Indian laws and policies.
India's largest private-sector lender, HDFC Bank, is undergoing a significant leadership transition with several long-serving executives, including Deputy Managing Director Kaizad Bharucha and outgoing MD & CEO Sashidhar Jagdishan, set to depart, leaving incoming MD & CEO Anup Bagchi to oversee a major overhaul.
On the third day of the Ranji Trophy Elite Group C matches, Delhi trailed Bengal by 88 runs, with Bengal having posted 429. Kerala faced a significant deficit against Jharkhand, while Gujarat took a first-innings lead against Odisha, who now hold a slender four-run lead in their second innings. Maharashtra led Services by 172 runs despite a shaky start to their second innings.
Air India has commenced construction of a new multi-facility Maintenance, Repair, and Overhaul (MRO) hangar at Delhi's Indira Gandhi International Airport. This nine-acre facility aims to centralise engineering and maintenance activities, enhancing fleet upkeep, improving reliability, and reducing aircraft ground time for the Tata Group-owned airline.
