Short news for quality minds. Power your niche.Smartly curated short news for quality minds. Want your own niche feed? Integrate with us today.
Rentomojo shares jumped 38% above their ₹404 IPO price since listing on 17 September 2026. Investors showed interest as the company reported strong revenue growth and rising demand for rental furniture. Ishan Tanna said, "The company’s Q1 FY27 results highlighted robust demand, improving monetisation and healthy utilisation of its rental inventory."
Akash Ambani is preparing Jio Platforms for India’s largest-ever IPO, scheduled from October 21 to October 23. He said, “The mission of Jio is to connect every single home, every single Indian and every single enterprise.” The company now carries 60% of India’s data traffic and targets the digital economy.
Bank of America shares traded flat on Thursday after a 5% earnings-led crash. Profits fell over 15% in the third quarter as the bank took a $1.2 billion hit from regulatory fines. While trading results were weak, loan balances increased 6.3% to $1.23 trillion, meeting many analyst expectations for growth.
The government approved a Fairfax subsidiary to buy a 60.72% stake in IDBI Bank for ₹52,878 crore. Blackstone also plans to double its India investments to $100 billion. These moves show strong confidence in India’s future. Meanwhile, monthly mutual fund SIP contributions reached a record ₹32,490 crore in September.
President Droupadi Murmu called for transforming Lakhpati Didis into Crorepati Didis at the Saras Mela in Vijayawada on October 15, 2026. She said more than 10 crore women joined self-help groups in the past 12 years. These women now act as wealth creators, helping India grow through their own independent businesses.
Wipro employee strength fell by 6,716 quarter-on-quarter to 2.36 lakh in the September quarter of FY27. The company reported that its total headcount dropped 2.8 per cent sequentially. Meanwhile, the voluntary attrition rate stayed steady at 13.8 per cent. Net utilisation also fell to 83.4 per cent during this period.
India's banking system deposits hit a record 284 trillion rupees by September 2023. This growth got a boost from a Reserve Bank of India swap window that attracted $133 billion in foreign-currency deposits. Banks also used the time to build funding buffers, as overall deposits rose by 8.4 percent since March.
HDFC Life reported a 13.6% rise in net profit to ₹508 crore for the July-September quarter. Net premium income jumped 15.7% to ₹21,727 crore. Managing director Vibha Padalkar said the company expected to sustain its momentum and grow in line with the industry in FY27, showing strong overall business performance.
Air India is cutting Europe flights while adding services to Australia and Japan in its winter schedule. The airline said, "We are looking at routes on a case by case basis." Rising fuel prices and airspace closures forced these changes. Delhi to Sydney flights will increase, and Osaka services start February.
The Nifty IT index climbed 614.45 points, or 2.04 per cent, to 30,785.45 on Thursday afternoon. Tech Mahindra led the gains, rising 3.83 per cent as investors watched for quarterly results. Wipro also rose 1.39 per cent ahead of its earnings report. Many other IT stocks followed, helping the sector lead market gains.
Legendary investor Peter Lynch said, "In the stock market, the key organ in your body is stomach - not the brain." Speaking in October 1994, he explained that investors often worry about the economy. He showed that patience matters more than math when you pick a few good companies.
European shares fell on Thursday as a global tech selloff and rising borrowing costs hit investor sentiment. The pan-European STOXX 600 index dropped 0.35% to 635.54 points by 0709 GMT. While tech stocks led the losses, strong earnings from companies like Ericsson and Pernod Ricard helped support the market today.