#MCExclusive | 🚨IDBI Bank employees' terms and pensions protected post-privatisation: DIPAM Secretary

-IDBI Bank employee concerns are fully protected by agreement.
-Govt and LIC to sell 60.72% stake to Fairfax Financial.
-Bank unions oppose the privatization plan and foreign buyer.

Read more:
https://www.moneycontrol.com/news/business/idbi-bank-employee-terms-and-pensions-protected-post-privatisation-dipam-secretary-14054065.html

#World | From 420,000 to 260,000: Trump’s Truth Social loses over 30% traffic in a year. Why are users leaving before US midterms?

Traffic to Donald Trump’s Truth Social has fallen by more than 30% over the past year, with daily users declining from a peak of 420,000 to around 260,000.

Read more:
https://www.moneycontrol.com/world/from-420-000-to-260-000-trump-s-truth-social-loses-over-30-traffic-in-a-year-why-are-users-leaving-before-us-midterms-article-14054074.html

#Business | DLF Results: Q2FY27 net profit rises 11% to Rs 1,301 crore; sales bookings at Rs 3,800 crore

During H1FY27, DLF’s half-yearly income dipped around 25 percent to Rs 3902.86 crore while it was Rs 5242.68 crore in H1FY26.

Read More:
https://www.moneycontrol.com/news/business/real-estate/dlf-results-q2fy27-net-profit-rises-11-to-rs-1-301-crore-sales-bookings-at-rs-3-800-crore-14054085.html

#World | Zelensky seeks €70 billion more from EU as support for 2027 amid Ukraine’s defence funding gap

Zelensky urges EU for €70 billion more for defense.
Ukraine faces a €40 billion defence funding gap.
Kyiv seeks long-term, debt-neutral financial support.

Read more:
https://www.moneycontrol.com/world/zelensky-seeks-70-billion-more-from-eu-as-support-for-2027-amid-ukraine-s-defence-funding-gap-article-14054093.html

SEBI clears IPO plans of Cult.fit, Sohan Lal Commodity Management and 2 others

While Sohan Lal Commodity Management filed its draft IPO documents through the confidential route in March 2026, Cult.fit, Eswari Global Metal Industries and Indian Gas Exchange (IGX) submitted their draft papers in July 2026.

https://www.moneycontrol.com/news/business/ipo/sebi-clears-ipo-plans-of-cult-fit-sohan-lal-commodity-management-and-2-others-14054028.html

After JPMorgan, Charles Schwab blocks unauthorised AI agents from accessing customer accounts

Charles Schwab CEO Rick Wurster said the firm is blocking unauthorised AI agents, including Meta's Muse, while developing secure access for external AI tools to view balances and conduct research.

Read more:
https://www.moneycontrol.com/news/business/after-jpmorgan-charles-schwab-blocks-unauthorised-ai-agents-from-accessing-customer-accounts-14054121.html

HDFC AMC: Nomura maintains 'Buy', cuts target price to Rs 3,050


Read More:
https://www.moneycontrol.com/news/business/stocks/hdfc-amc-nomura-maintains-buy-cuts-target-price-to-rs-3-050-14055246.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial

Jio Platforms IPO: Deven Choksey bullish on Rs 30,000 crore issue, sees EBITDA doubling in next 4 years

- Jio Platforms IPO opens October 21 to 23 at Rs 1,065-1,119.
- Issue could raise up to Rs 30,213 crore with strong scale.
- Grey market premium indicates potential 22% listing gains.

Read More:
https://www.moneycontrol.com/news/business/ipo/jio-platforms-ipo-deven-choksey-bullish-on-rs-30-000-crore-issue-sees-ebitda-doubling-in-next-4-years-14055429.html

🔔 Closing Bell: Markets End in Red! 🚨🔻

Sensex settles 850 pts lower, Nifty ends below 22,900: Elevated crude oil prices among key factors behind market decline

Sensex, Nifty declined more than 1 percent as private sector banks dropped sharply after missing profit views for the July-September quarter.

More details 👇
https://www.moneycontrol.com/news/business/markets/sensex-drops-400-pts-from-day-s-high-nifty-below-23-100-higher-crude-prices-among-key-factors-behind-market-decline-14055084.html

🚨 BSE, NSE set November 8 Muhurat trading session from 2:20 pm to 3:30 pm

The exchanges will hold the special Diwali Laxmi Pujan session on Sunday, November 8, with a 70-minute continuous trading window and separate timings for pre-open, block deals and closing auctions.

More details 👇
https://www.moneycontrol.com/news/business/markets/bse-nse-set-november-8-muhurat-trading-session-from-2-20-pm-to-3-30-pm-14055595.html

🚨 Weaker rupee is part of the solution, not the problem: ICICI Pru’s Anand Shah

Anand Shah, CIO- PMS and AIF, ICICI Prudential AMC sees weaker rupee as a boost for manufacturers, sticks with value and mid-small bias

More details:
https://www.moneycontrol.com/news/business/markets/weaker-rupee-is-part-of-the-solution-not-the-problem-icici-pru-s-anand-shah-14055577.html

#Business | Platforms raises Rs 8,110 crore from 212 anchor investors ahead of Rs 30,188-crore IPO; LIC, Capital Group among top investors

-Jio Platforms raises Rs 8,110 crore from 212 anchor investors
-Rs 30,187.6-crore IPO to open on October 21, close on October 23
-IPO comprises fresh issue of 27 crore shares, Price band at Rs 1,065-1,119

Read more:
https://www.moneycontrol.com/news/business/ipo/jio-platforms-raises-rs-8-110-crore-from-212-anchor-investors-ahead-of-rs-30-188-crore-ipo-lic-capital-group-among-top-investors-14055692.html

🚨 Stock market holiday today: BSE, NSE to remain closed for Dussehra

Market activity on the NSE and BSE will resume on October 21 (Wednesday).

Read More:
https://www.moneycontrol.com/news/business/markets/stock-market-holiday-today-on-october-20-bse-nse-to-remain-closed-for-dussehra-14055566.html

WATCH 🎥 | 🚨 US President Donald Trump has blamed immigration for the recent protests and violence in France, urging French President Emmanuel Macron to tighten border controls and warning that Europe could face serious consequences if it fails to curb illegal immigration.

https://www.instagram.com/p/DesuhV_jFN3/

📊📈 Indonesia stocks rebound as questions persist over market fix

The Jakarta Composite Index rose as much as 4.3%, clawing back some of a roughly 15% two-day plunge that was its steepest since 1989. Even after the rebound, Indonesia remains the world’s worst-performing stock market.

Read More:
https://www.moneycontrol.com/news/business/markets/indonesia-stocks-rebound-as-questions-persist-over-market-fix-14055917.html

Jio Platforms IPO: Retail, shareholder or employee quota; which category should you apply under?

The country's largest public issue worth Rs 30,187.6 crore is set to open on October 21 and close on October 23.

Read more:
https://www.moneycontrol.com/news/business/ipo/jio-platforms-ipo-retail-shareholder-or-employee-quota-which-category-should-you-apply-under-14055983.html

ByteDance, Alibaba, Tencent order over $35 billion in Nvidia chips, but supply may fall short

- Chinese tech giants ordered 3M+ Nvidia RTX PRO 5500 chips.
- Orders exceed $35 billion due to US export restrictions.
- Nvidia cannot guarantee full delivery amid high demand.

Read More:
https://www.moneycontrol.com/news/business/bytedance-alibaba-tencent-order-over-35-billion-in-nvidia-chips-but-supply-may-fall-short-14056010.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial

#MCExclusive | 🚨Akash Ambani on Jio Platform Strategy: ‘Over the medium and longer term, the focus will be on extracting greater value from the infrastructure already built’

- Jio shifts focus from infrastructure to extracting network value.
- Capital expenditure drops as revenue and operating earnings rise.
- Company announces IPO starting October 21 to repay borrowings.

Read more:
https://www.moneycontrol.com/news/business/ipo/akash-ambani-on-jio-platform-strategy-over-the-medium-and-longer-term-the-focus-will-be-on-extracting-greater-value-from-the-infrastructure-already-built-14056096.html

#World | Marco Rubio calls US-India ties ‘extraordinary’, says partnership can help shape the 21st century

- Marco Rubio calls India-US strategic alignment extraordinary.
- He emphasized shared core interests shaping the 21st century.
- Rubio highlighted India as a key geopolitical partner for the US.

Read More:
https://www.moneycontrol.com/news/india/marco-rubio-calls-us-india-ties-extraordinary-says-partnership-can-help-shape-the-21st-century-14056109.html

🚨#MarcoRubioOnNews18 | 'Matter of weeks': Marco Rubio says India-US trade deal incredibly close, signals 'better rates'

-India-US trade agreement could be finalised within weeks.
-Negotiations are currently down to technical details.
-Pact aims to secure better tariff rates for India.


Read More:
https://www.moneycontrol.com/news/business/matter-of-weeks-marco-rubio-says-india-us-trade-deal-incredibly-close-signals-better-rates-14056115.html