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Central Bank of India reported a 21% rise in net profit to ₹1,469 crore for the September quarter. Growth in net interest income helped the bank, which rose 26.3% to ₹4,145 crore. Asset quality also improved as gross NPAs fell to 1.61% by September 30, 2026, showing a stronger performance.
Railway PSU stocks like RVNL, IRFC, IRCON, RITES, and IRCTC fell up to 40% over the past year. Tushar Badjate said, "This is a valuation correction first and an earnings correction second." Investors got worried as margins dropped and growth slowed. These companies now face tough competition while executing their orders.
Hunger Pangs, the operator of Burma Burma, filed its draft red herring prospectus with SEBI on Saturday, October 17, for an IPO. The plan includes a fresh issue of ₹150 crore to set up new restaurants. While revenue rose to ₹155.50 crore in FY26, the company still reported a loss.
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."
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.
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.”