KHATIMA NEWS
Business
Jio Platforms' IPO attracted more than 22 times the shares on offer and raised about ₹30,000 crore. Yet the 19-bank syndicate is receiving about ₹1.96 billion, or roughly 0.65% of the issue size, below fees reported for several major Indian IPOs.
Business
Indian equities opened higher after three sessions of declines, led by technology stocks, but the advance quickly faded. Rising crude prices, weak overseas markets and uncertainty around corporate earnings kept investors cautious, while stronger large-cap shares and possible cash returning after the Jio Platforms IPO offered some support.
Business
Delhi has introduced GRAP-1 measures after the city's AQI reached 233 on Wednesday morning, placing air quality in the 'poor' category. The restrictions suspend coal use in hotels and restaurants, limit diesel generators to emergencies and strengthen dust-control, road-cleaning, construction-site monitoring and waste-management measures.
Business
Indian equity markets are closed for Dussehra, stopping trading on both the Bombay Stock Exchange and National Stock Exchange. The Multi Commodity Exchange has a different schedule, with its morning session closed and precious-metals trading available during the evening session. Trading resumes on Wednesday, 21 October.
Business
Jio Platforms' anchor book has attracted more than 30 times the bids sought, with institutional demand reaching about ₹2.5 lakh crore against an ₹8,110 crore allocation. Global asset managers, sovereign wealth funds, Indian mutual funds, insurers and pension institutions are reported to be interested in the offering.
Business
Christiane Amanpour plans to leave CNN at the end of June after more than 43 years with the network. Her CNN International programme is expected to move to a weekly schedule in early 2027 before concluding in May, according to a letter from chief executive Mark Thompson to newsroom staff.
Business
Gold and silver prices moved higher on 19 October, with silver rising ₹1,408 to ₹2,12,595 per kilogram and gold gaining ₹479 to ₹1,48,397 per 10 grams. City-wise retail quotes show different silver rates, while global prices also advanced amid geopolitical risks, lower US bond yields and a weaker dollar.
Business
Bharti Enterprises founder Sunil Bharti Mittal said technology, energy, a young population and India's large market could drive major economic and business change over the next 10 to 20 years. He said he wished he were 20 years younger to participate more fully in those opportunities.
Business
The central government has notified new windfall tax rates on petrol and diesel exports. The levy will be 2.5 per litre for petrol and 8.5 per litre for diesel, with the revised rates taking effect from 16 October under an official order issued late Thursday night.
Business
HDB Financial Services shares fell to ₹536.65 after the company reported its second-quarter results. JM Financial and Nuvama Institutional Equities lowered their price targets, citing pressure on asset quality, margins and near-term profitability while retaining their respective views on the stock.
Business
Office Recurring Deposit scheme allows savers to deposit a fixed amount every month instead of investing a large lump sum. At an annual interest rate of 6.7%, a ₹6,000 monthly instalment for 60 months may produce an estimated maturity amount of about ₹4.28 lakh, subject to applicable rules and rates.
Business
Reliance Industries shares rose 3% in early trading after subsidiary Jio Platforms announced the price band for its IPO. The issue will be entirely fresh shares, while eligible Reliance shareholders can apply through a reserved category worth 2,500 crore rupees, subject to the specified cutoff date.
