Jio Platforms to Hyundai Motor India Ltd : A look at India's biggest IPOs

-Jio Platforms to launch India's largest IPO at Rs 30,213 crore.
-IPO opens October 21 with a price band of Rs 1,065-1,119.
-Jio valuation to reach Rs 10.3 lakh crore at upper band.

Read More:
https://www.moneycontrol.com/news/business/ipo/jio-platforms-to-hyundai-motor-india-ltd-a-look-at-india-s-biggest-ipos-14053030.html

Flipkart Internet revenue rises 18% to Rs 1.46 lakh crore in FY26, losses narrow as IPO timeline remains uncertain

The numbers also appear higher because of Flipkart's flip back to India. "As part of its redomiciliation to India, Flipkart Group is publishing consolidated financial results under Flipkart Internet Private Limited. The results reflect the Group’s performance over the reporting period for the year ended March 2026 and provide a historical view of the business rather than a current trading update," a Flipkart spokesperson said.

Read more:https://www.moneycontrol.com/news/business/startup/flipkart-internet-revenue-rises-18-to-rs-1-46-lakh-crore-in-fy26-losses-narrow-as-ipo-timeline-remains-uncertain-14053054.html

Jio eyes global expansion with asset-light telecom technology model, says Akash Ambani

-Jio aims for asset-light global tech expansion.
-Company plans to act as a managed services partner.
-Jio prepares for its upcoming Rs 30,213-crore IPO.

Read More:
https://www.moneycontrol.com/news/business/ipo/jio-eyes-global-expansion-with-asset-light-telecom-technology-model-says-akash-ambani-14053048.html

Jio targets 100 million homes for broadband, eyes global technology market: Akash Ambani

-Jio aims to expand home broadband to 100 million households.
-The company targets a $56 billion enterprise services market.
-Jio plans to monetise its proprietary tech globally.


Read More:
https://www.moneycontrol.com/news/business/ipo/jio-targets-100-million-homes-for-broadband-eyes-global-technology-market-akash-ambani-14053067.html

Jio IPO: Akash Ambani says company filed 7,220 patent applications, only Indian firm in global top 20

-Jio files 7,220 patent applications globally.
-Jio files RHP for IPO to raise up to Rs 30,213 crore.
-Jio has the largest 5G subscriber base outside China.

Read more:
https://www.moneycontrol.com/news/business/ipo/jio-ipo-akash-ambani-says-company-filed-7-220-patent-applications-only-indian-firm-in-global-top-20-14053084.html

Jio Platforms has Rs 76,000 crore EBITDA, aims to connect every Indian with affordable digital services: Akash Ambani

The company has recorded 17.8% EBITDA growth over three years and built the world's largest 5G customer base outside China

Read More:
https://www.moneycontrol.com/news/business/jio-platforms-has-rs-76-000-crore-ebitda-aims-to-connect-every-indian-with-affordable-digital-services-akash-ambani-14053101.html

Jio aims to transition to 6G through software upgrades, says Akash Ambani

-Jio aims to transition to 6G via software upgrades.
-Company focuses on in-house tech and global partnerships.
-Strategy prioritizes mobility, home broadband, and enterprise.

Read More:
https://www.moneycontrol.com/news/business/ipo/jio-aims-to-transition-to-6g-through-software-upgrades-says-akash-ambani-14053104.html

Jio Platforms heading towards becoming net debt-free after Rs 30,213 crore IPO, says Akash Ambani

-Jio to use IPO proceeds of Rs 30,213 crore to repay debt.
-IPO opens on October 21 and closes on October 23.
-Offering consists entirely of fresh shares with no OFS.

Read More:
https://www.moneycontrol.com/news/business/ipo/jio-platforms-heading-towards-becoming-net-debt-free-after-rs-30-213-crore-ipo-says-akash-ambani-14053112.html

'Jio pricing per GB lowest globally,' says Akash Ambani ahead of Jio Platforms IPO

Jio aims for a major share of India's USD 1.4-trillion economy.
The company targets a mega IPO to raise up to Rs 30,213 crore.
Jio has 533.3 million customers and leads in 5G deployment.

Read More:
https://www.moneycontrol.com/news/business/jio-pricing-per-gb-lowest-globally-says-akash-ambani-ahead-of-jio-platforms-ipo-14053136.html

IDBI Bank-Fairfax deal expected to close by March 2027, RBI review and open offer next: DIPAM Secretary to CNBC-TV18

-IDBI Bank sale to Fairfax expected by March 2027.
-Fairfax to acquire a 60.72 percent stake in IDBI Bank.
-Deal represents India's largest financial sector FDI.

Read More:
https://www.moneycontrol.com/news/business/idbi-bank-fairfax-deal-expected-to-close-by-march-2027-rbi-review-and-open-offer-next-dipam-secretary-14053142.html

Trump wants the world to stop calling it AI; US pushes 'super intelligence' at IMF

-US wants global partners to rename AI as super intelligence.
-Treasury official pushes for new term in IMF statements.
-Trump administration prioritizes the term SI for tech.

Read more:
https://www.moneycontrol.com/artificial-intelligence/trump-wants-the-world-to-stop-calling-it-ai-us-pushes-super-intelligence-at-imf-article-14053211.html

NTPC ties up with Africa50 to develop power projects across Africa

-NTPC partnered with Africa50 for African power projects.
-Partnership aims to boost cross-border electricity trade.
-NTPC plans to expand its total capacity to 149 GW by 2032.

Read More:
https://www.moneycontrol.com/news/business/ntpc-ties-up-with-africa50-to-develop-power-projects-across-africa-14053208.html

Jitendra Kumar appointed RPF Director General, to hold office until March 2030

Jitendra Kumar will replace Sonali Mishra, a fellow 1993-batch IPS officer belonging to the Madhya Pradesh cadre.

Read more:
https://www.moneycontrol.com/news/india/jitendra-kumar-appointed-rpf-director-general-to-hold-office-until-march-2030-14053228.html

Tata Trusts challenges Mehli Mistry’s objections, says no locus as trustee term expired

-Tata Trusts challenge Mehli Mistry's objections.
-Trusts argue Mistry's tenure expired in Oct 2025.
-Filings claim wider governance issues are out of scope.

Read More:
https://www.moneycontrol.com/news/business/tata-trusts-challenges-mehli-mistry-s-objections-says-no-locus-as-trustee-term-expired-14053218.html

🔻 Indonesia stocks crash 11% in worst rout since 1998. Why is MSCI threatening to shut it out of global indexes?

Indonesia's stock market crashed 11 percent in its worst rout since 1998 after MSCI proposed stripping the country of emerging-market status and excluding it from major global indexes. Here's why investors are alarmed.

More details ⬇️
https://www.moneycontrol.com/news/business/markets/indonesia-stocks-crash-11-in-worst-rout-since-1998-why-is-msci-threatening-to-shut-it-out-of-global-indexes-14053562.html

🚨 Rules finalised to regulate airfares, govt tells Supreme Court; InterGlobe Aviation shares fall over 2%
The Supreme Court directed the government to place the published rules before it by November 16, when the matter will be taken up next.
https://www.moneycontrol.com/news/business/stocks/rules-finalised-to-regulate-airfares-govt-tells-supreme-court-interglobe-aviation-shares-fall-2-14053801.html

🔔 Closing Bell: Sensex settles 700 pts higher from day's high, Nifty ends near 23,150: Key reasons behind market gain 📈

- Sensex and Nifty rose on Oct 16 driven by IT share buying.
- Tech Mahindra jumped 8% after strong Q2 results.
- Value buying and positive technical levels supported the market.

More details 👇
https://www.moneycontrol.com/news/business/markets/sensex-rises-500-pts-from-day-s-low-nifty-reclaims-23-050-key-reasons-behind-market-gain-14053585.html

#Business | Piramal Pharma bets on complex peptides, ADCs as rivals expand into GLP-1 drugs

-Piramal Pharma avoids GLP-1 to focus on niche manufacturing.
-The company plans to invest $100 million this year.
-Piramal will not return to original drug discovery.

Read More:
https://www.moneycontrol.com/news/business/piramal-pharma-bets-on-complex-peptides-adcs-as-rivals-expand-into-glp-1-drugs-14053987.html

#World | Jaishankar meets Ras Al Khaimah ruler, discusses India-UAE ties and Gulf situation

-S Jaishankar met the Ruler of Ras Al Khaimah in the UAE.
-Discussions focused on bilateral ties and the Gulf situation.
-Jaishankar reviewed the India-UAE strategic partnership.

Read More:
https://www.moneycontrol.com/world/jaishankar-meets-ras-al-khaimah-ruler-discusses-india-uae-ties-and-gulf-situation-article-14054055.html

Data centre growth could pose new power grid challenges, warns GRID-INDIA

-Grid operator warns data centres risk power stability.
-Silent exits can abruptly remove large demand chunks.
-India data centre capacity could reach 26 GW by 2030.

Read more:
https://www.moneycontrol.com/news/business/data-centre-growth-could-pose-new-power-grid-challenges-warns-grid-india-14054061.html