Jio Platforms Ltd, the digital and telecommunications arm of Reliance Industries, has received board approval to file draft papers for an initial public offering (IPO) involving a fresh issue of up to 27 crore equity shares. The draft red herring prospectus (DRHP) is expected to be filed with SEBI today, marking a significant value-creation event for Reliance shareholders.
IT services giant Wipro's board has given the green light to a massive Rs 15,000 crore share repurchase programme, aiming to buy back over 5 per cent of its equity, or up to 60 crore shares, from shareholders at Rs 250 per share, reflecting an 18 per cent premium.
Trent reported a 20 per cent revenue rebound in Q4FY26, driven by a recovery in like-for-like growth and significant store additions. The company's board has approved raising up to 2,500 crore in equity to fund investments in store network upgrades, new brands, supply chain automation, and Star Bazaar expansion, alongside a 1:2 bonus issue and a 6 dividend.
Olympic gold medallist Abhinav Bindra has announced he will not contest for a position on the Indian Olympic Association's Executive Board, despite being on the list of Sportspersons of Outstanding Merit eligible for the upcoming elections on December 5. Bindra also shared his views on India's performance at the recent Asian Games and the record-breaking success at the Asian Para Games.
The Reserve Bank of India (RBI) has issued amended directions for bank boards, effective October 1, 2026, to rationalise agenda items and enable more focused engagement on strategy and risk governance, while explicitly defining matters reserved for board approval and periodically reviewing delegated powers.
Indian Hotels Company Ltd (IHCL) is set to achieve its target of 700 hotels by fiscal year 2027, significantly ahead of its original 2030 goal, driven by strong financial performance and strategic expansion plans, including the merger of Oriental Hotels Ltd.
Hockey India is set to hold an emergent Executive Board meeting on September 18 to address a deepening internal controversy involving President Dilip Tirkey and Secretary Bhola Nath Singh, stemming from a jersey colour change. The meeting will also focus on restructuring the Hockey India League (HIL) to create an independent Governing Council with franchise involvement, and discuss upcoming elections and Asian Champions Trophy hosting.
The Delhi High Court has permitted the termination of a 31-week pregnancy for a 16-year-old sexual assault victim, citing that it would not be appropriate to burden the minor with childbirth and raising a child. The court recognised the termination as a human right affecting the victim's dignified existence and directed the state to cover medical expenses, ensuring foetal tissue preservation for DNA testing and offering adoption if the child is born alive.
The Congress party staged nationwide protests, demanding the immediate arrest and removal of Chief Election Commissioner Gyanesh Kumar. The party accused the Election Commission of an "unprecedented attack" on voter equality through an alleged 'Mark VIP' feature and called for an independent review of decisions made under Kumar, citing objections from other commissioners regarding the Special Intensive Revision (SIR) of electoral rolls.
The Securities and Exchange Board of India (Sebi) is reportedly 'close' to approving the National Stock Exchange's (NSE) initial public offering (IPO) draft documents, with an expected market debut by early next month. Sebi Chairman Tuhin Kanta Pandey also emphasised the regulator's focus on enhancing market resilience against evolving risks, including technology failures and the impact of artificial intelligence.
Former Indian shooter Rajeshwari Kumari has been appointed as the South Asia representative to the Olympic Council of Asia's (OCA) Athletes Committee. Her nomination was approved by the OCA Executive Board, bypassing elections held for other zonal positions. This appointment highlights her continued involvement in sports administration following a successful shooting career and her family's legacy in Olympic sports.
HDFC Bank has announced the appointment of Anup Bagchi as its new Managing Director and Chief Executive Officer for a three-year term, effective October 27, 2026. Bagchi, currently leading ICICI Prudential Life Insurance, will succeed Sashidhar Jagdishan, whose term concludes on October 26, 2026. The Reserve Bank of India has approved this significant leadership transition.
HDFC Bank has submitted two names to the Reserve Bank of India for the managing director and chief executive position, following incumbent Sashidhar Jagdishan's decision not to seek reappointment. The bank also announced board changes, increasing whole-time directors to four and appointing Jimmy Tata as an executive director. This move comes as Jagdishan's term ends in October, creating a tight timeline for succession.
HDFC Bank's board is actively discussing the appointment of its new managing director and chief executive officer (MD & CEO) as incumbent Sashidhar Jagdishan's three-year term concludes in October, with the Governance, Nomination and Remuneration Committee (GNRC) expected to finalise the process soon.
'The larger lesson for India Inc is that promoter oversight and professional management are not inherently contradictory. The difficulty arises when the boundaries between the two are unclear.'
Canadian billionaire Prem Watsa's Fairfax Financial Holdings will utilise the expertise of Deepak Parekh and Paresh Sukthankar, former HDFC leaders, as it moves to acquire a 60.72 per cent stake in IDBI Bank for 52,878 crore, with N S Kannan proposed as chairman.
Hockey India President Dilip Tirkey has objected to a 120th executive committee meeting called by Secretary General Bhola Nath Singh, citing lack of prior approval and consultation. The meeting's agenda includes the Hockey Association of Odisha elections, which Tirkey believes is being prioritised over more urgent matters concerning the federation. This comes amidst an ongoing turf war and a police complaint filed by Tirkey against some HI officials.
A clash erupted between UDF councillors and a woman assistant engineer in Paipra panchayat, Muvattupuzha, over the delayed processing of a school's fitness certificate renewal application. Cases have been registered against both parties, and an investigation is ongoing.
N Chandrasekaran's letter of not seeking a third term was written to Tata Sons directors (including to Noel Tata as a nominee director) and, therefore, Tata Trusts did not have a locus standi on accepting or rejecting that letter.
Dedicated Ayush dispensaries increased from 26,130 in 2013-2014 to 37,804 in 2024-2025, while hospitals rose much more slowly, from 3,605 to 3,885.
The Centre has announced a major bureaucratic reshuffle, appointing Prakash Rajpurohit as Deputy Election Commissioner and approving appointments for 27 civil servants at joint secretary and equivalent levels across various ministries and departments.
RBI says polymer notes have a significantly longer lifespan, potentially reducing printing costs and replacement frequency.
The ICC has approved trialling the use of pink balls in Test matches to maximise play in bad light, along with allowing coaches on the field during drinks breaks. Cricket Canada has been suspended due to breaches of membership obligations.
The board of Reliance Industries Ltd on Thursday approved issuing 1:1 bonus shares -- the first bonus issue in seven years. Reliance, the nation's most valuable company, had last issued bonus shares in September 2017.
The National Green Tribunal (NGT) has permitted the Shaheed Veer Narayan Singh International Stadium in Raipur to host three women's international cricket matches in October. This approval comes with the condition that the stadium deposits Rs 20 lakh for groundwater recharge, addressing its previous failure to use sewage treatment plant (STP)-treated water instead of groundwater for ground maintenance.
The Indian IPO market recorded its highest monthly fundraising in September, with 34 mainboard companies raising 39,309 crore, despite a significant decline in the Nifty 50 index.
Hockey India is embroiled in a significant internal dispute between President Dilip Tirkey and Secretary Bhola Nath Singh, primarily stemming from an unauthorised jersey colour change. An emergent Executive Board meeting has been called to address this conflict, discuss the restructuring of the Hockey India League (HIL) into a joint venture with franchises, finalise election dates, and deliberate on hosting Asian Champions Trophy events. The meeting also aims to address a show-cause notice issued to the Director General.
Anup Bagchi, the incoming MD & CEO of HDFC Bank, is set to become India's highest-paid bank CEO with a proposed target annual compensation package of approximately 35.9 crore, including a significant variable pay component and a one-time joining bonus.
President Droupadi Murmu has announced a major gubernatorial reshuffle, appointing new governors for Tamil Nadu, Keralam, Sikkim, Karnataka, Uttarakhand, and Odisha. Rajendra Vishwanath Arlekar moves from Keralam to Tamil Nadu, while Om Prakash Mathur becomes the new Keralam Governor. Dushyant Gautam, Sudha Yadav, Dhal Singh Bisen, and Braj Mohan Ram are among the new appointees, bringing diverse political experience to their roles.
The proposal caught auto makers by surprise.
The Indian government has approved the sale of a 60.72 per cent stake in IDBI Bank Ltd to Canadian billionaire Prem Watsa's Fairfax Financial Holdings Ltd for approximately 52,878 crore, a move that reflects improving India-Canada ties and marks a significant turning point for the bank.
The International Cricket Council has announced that India will host the inaugural Women's Champions Trophy from February 14 to 28, with matches scheduled in Mumbai and Vadodara. Sri Lanka was originally slated to host but was replaced due to ongoing governance issues in its cricket board. Six top women's teams will compete in this landmark tournament.
The International Olympic Committee (IOC) Executive Board has officially approved the qualification system for cricket at the LA Olympic 2028, marking the sport's return after 128 years. The event will feature men's and women's T20 competitions with six teams each.
A significant boardroom battle has erupted at Tata Sons, India's largest conglomerate, following the board's decision to proceed with a public listing and extend N Chandrasekaran's tenure as executive chairman, moves opposed by Noel Tata, who represents the majority shareholder Tata Trusts.
A letter sent by the Sir Dorabji Tata Trust to Venu Srinivasan, Tata Trusts vice-chairman and nominee director on Tata Sons, a day before the Tata Sons board meeting on September 17, is at the centre of deliberations.
Tata Trusts, the majority shareholders of Tata Sons, have proposed merging two operating companies, Tata Electronics Systems Solutions Pvt Ltd (TESS) and Tata Consulting Engineers (TCE), with Tata Sons. This restructuring aims to shed Tata Sons' classification as a non-banking financial company (NBFC) and a core investment company (CIC), thereby allowing it to retain its status as an unlisted private company and resolve ongoing disputes regarding its future ownership.
Jio Platforms Limited (JPL) believes satellite broadband services are unlikely to achieve significant scale or compete effectively on price in India's highly connected and affordable market, despite developing its own satellite constellation solutions and flagging it as a potential disruptor.
Oxford United withdrew its "United 93" clothing line and apologised after recognising its association with the 9/11 hijacked flight, accepting responsibility and promising stricter merchandise approval processes.
Anup Saha, currently a Wholetime Director at Kotak Mahindra Bank, has been appointed as the new Managing Director and Chief Executive Officer for a three-year term, effective January 1, 2027, with the Reserve Bank of India's approval.
Jio Platforms' upcoming initial public offering (IPO) is anticipated to be India's largest to date, potentially listing among the top three stocks with a valuation of around Rs 12 lakh crore, and is expected to proceed without an offer-for-sale as current investors show no interest in diluting their holdings.
