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Reliance Jio will open its initial public offering on October 21. Telecom users may see a 12% tariff hike over the next three to four months as the pricing environment gets favourable. Experts said, “The pricing environment has become more favourable with only 3+1 players and we expect another hike.”
Ravita Engineering Services IPO got subscribed 1.62 times on October 15, the second day of bidding. Investors placed bids for 1.2 crore equity shares against 74.13 lakh shares on offer. The issue remains open until October 16. The company aims to raise Rs 116.05 crore through this fresh share issue.
Premco Global, Monte Carlo Fashions, Siyaram Silk Mills, and Ambika Cotton Mills are attracting investors with their dividend yields. Premco Global leads the pack with a 9.5% yield after announcing a ₹42 dividend per share. Many investors watch these textile stocks as domestic policy support and trade access strengthened the sector.
Foreign institutional investors sold Indian shares worth ₹5,285 crore on Thursday, October 15. Meanwhile, domestic institutional investors bought shares worth ₹3,319 crore. These fund flows happened as the market rallied, with the Nifty reclaiming the 23,000 mark. Heavyweight stocks like Reliance Industries and ICICI Bank helped the market end higher today.
Indian equities rallied on Thursday as global tech stocks weakened. Analysts now recommend Bajaj Holdings and Adani Power for Friday trading. Experts said, "Bajaj Holdings is showing a strong bullish recovery." Investors should watch Q2 earnings and foreign flows closely as market conditions remain key for future stock price movements.
Anthropic told investors its third-quarter revenue hit $16.8 billion as the company prepares for a mega IPO. The firm showed an 85% gross margin and positive free cash flow. Gary Tan said, “The slowdown from the second quarter shifts the focus from headline revenue to revenue quality and margins.”
Pernod Ricard India sales grew 19% in the September quarter, driven by strong demand and premiumisation. The company said its proposed IPO in India remains under discussion and is awaiting board approval. Preparatory steps for the potential listing also helped boost sales, even as the group saw declines elsewhere.
Irdai Chairman Debasish Panda said the regulator will release a consultation paper on health insurance claims and billing practices. Speaking at the FE Modern BFSI Summit 2026 in Mumbai, he noted that middle-income families lack suitable products. He urged insurers to focus on value and address rising healthcare costs.
For weeks, Houthi rebels have escalated attacks on Saudi infrastructure, including strikes on Riyadh’s airport and Saudi Aramco. The energy minister said, "The word fear, in the Saudi dictionary, does not exist." These attacks threaten the kingdom’s economy as the long war in Yemen continues to cause deep regional instability.
The CBI arrested Harish Kumar Tanwar, a Deputy Director at the SFIO, for demanding a ₹1 crore bribe on October 15, 2026. Officials said he sought money to favour a person in the DHFL loan scam. The agency caught him and two others after they got ₹20 lakh as payment.
India's merchandise exports rose 23.04% to $44.4 billion in September, government data said on Thursday. Strong growth in petroleum, electronic goods, and chemicals helped the numbers. The trade deficit narrowed to $30.21 billion as gold imports fell. Commerce Secretary Rajesh Agarwal said, "Exports are maintaining their growth trend," during the briefing.
TIPS Music reported revenue of ₹120.1 crore for the quarter ended September 30, 2026, marking a 35 percent growth. The company saw its profit after tax rise 23 percent to ₹65.5 crore. They released 73 new songs during this period, as the label continues to expand its popular music portfolio.