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RailTel secured two orders worth ₹186.51 crore on October 16. The company got a major contract from the Railway Recruitment Board for exam services and another from Health Insurance TPA for IT security. These wins help the firm as it keeps its 20-25% revenue growth guidance for fiscal year 2027.
Jio Platforms will launch its IPO on October 21, 2026, closing on October 23, 2026. The issue has reserved quotas for Reliance Industries shareholders and employees. Gaurav Garg said, "The eligibility date is October 14, 2026, the day Jio Platforms filed its RHP." Eligible people can apply under these special categories.
Air India and Air India Express extended their flight suspension to Saudi Arabia until October 24. The airline said, "We understand that these disruptions may affect our guests' travel plans." Passengers with bookings made before October 15 can get a free date change or rebook from other nearby GCC locations.
Jio Platforms plans a $3.2 billion IPO opening on October 21 at a $108 billion valuation. This move tests investor appetite as younger people scrutinize growth prospects. Investor Sweta Chowdhury said, "The Jio IPO offers an opportunity to examine the scale of India's digital economy and the business model."
Fairfax Financial Holdings will acquire a 60.72% stake in IDBI Bank for around ₹53,000 crore. The firm got former HDFC executives Deepak Parekh and Paresh Sukthankar to help with this deal. The Cabinet Committee on Economic Affairs approved the purchase, which aims to be the largest foreign investment in Indian banking.
Foundry, a startup by former Dyson India MD Ankit Jain, raised ₹12 crore in a pre-seed funding round. The company plans to use these funds for technology development and product engineering. Jain said, "We're investing in the technology from the ground up," as they prepare to launch kitchen appliances in 2027.
Mutual funds sold many midcap stocks in September, according to a Motilal Oswal Financial Services report. Rail Vikas saw the highest net selling at Rs 44.2 billion. Other firms like Lodha Developers, REC, Cochin Shipyard, and Hindustan Copper also got hit as investors pulled money out of these five stocks.
Brent crude hit $109.86 a barrel on Friday, marking its highest level since May 19. Rising supply fears and attacks on Russian infrastructure drove prices higher. Analysts said, “WTI and Brent reversed earlier losses as escalation fears resurfaced.” These high costs now spark fresh concerns over US inflation and rates.
Rahul Jain said alternative investments are becoming essential for wealth creation beyond stocks and bonds at the ET Alpha Wealth Summit 2.0 in October 2026. He noted that private markets and AIFs help investors access emerging businesses. “Alternatives are one of the vehicles through which investors can access underlying opportunities.”
Sanjay Doshi said manufacturing, healthcare, and financial services could create India’s next wealth creators. He noted that while largecaps offer valuation comfort, selective mid and smallcap companies show stronger earnings growth. Doshi said, "We continue to see opportunities in mid and small caps, particularly in businesses with room to expand."
Jio Platforms’ Rs 30,200 crore IPO commands a grey market premium of Rs 221, suggesting nearly 20% listing gains. The issue opens on October 21 and closes on October 23. Emkay Global and SBI Securities said the company has strong market leadership, though they also flagged many potential financial risks.
Paytm shares rallied nearly 50% in six months, yet Nomura sees 33% more upside. The brokerage initiated coverage with a buy rating and a target price of ₹2,250. Nomura expects strong growth from digital payments and merchant lending, though it warned that competition and asset quality remain key business risks.