The Economic Times

RBL Bank shares fell up to 8% despite a 170% year-on-year jump in Q2 FY27 net profit to Rs 481.7 crore. Strong net interest income growth and improved asset quality supported performance, while provisions rose. Nuvama raised its target price to Rs 500, citing the ENBD acquisition and FCNR deposit mobilisation, while Dolat Capital retained its Sell rating with a Rs 320 target.

Japans Nikkei 225 fell 2.64%, extending losses to four sessions as AI-related and semiconductor stocks declined amid Wall Street weakness. Geopolitical tensions and inflation concerns added pressure, with wholesale prices rising 6.8% year-on-year in September. Kioxia Holdings plunged 13.02%, while shipping stocks gained despite broader market weakness.

South Koreas Kospi plunged over 7% amid concerns about rising competition from Chinese semiconductor makers, triggering a temporary trading curb. Samsung Electronics and SK Hynix suffered sharp losses, while foreign investors sold equities heavily. Weak technology stocks, a softer won and falling bond yields reflected growing market uncertainty and investor anxiety.

Reliance Jio Platforms is gearing up for a monumental IPO, sparking tremendous investor interest as grey market prices indicate a robust premium. Analysts suggest a potential 15-16% rise over the anticipated price range, with estimated proceeds around Rs 30,200 crore, marking this as India's largest public offering. Jio aims to redefine its image as a technology powerhouse, with further details on pricing and plans expected soon.

This year, over Rs 1 lakh crore has been funneled into small and midcap funds, reflecting a surge in investor enthusiasm. While smallcaps have recently taken the lead over largecaps, the latter are drawing attention due to attractive valuations. As growth expectations for largecaps are evening out, it indicates a possible shift in investment returns.

Proposed US CFTC regulations could establish a global template for digital asset oversight. Bitget CEO Gracy Chen explains how clear federal rules can drive institutional adoption, protect investors, and spur innovation across stablecoins, tokenised real-world assets, and international markets including India.

HCL Tech shares rose after the IT services major reported a 21% YoY rise in Q2 FY27 net profit to Rs 5,132 crore. Revenue grew 12% to Rs 35,620 crore, while new deal wins stood at $3.26 billion. The company retained its FY27 EBIT margin guidance at 17.5-18.5% and projected constant-currency revenue growth of 2.5-4% for the full year.

RJ Mitte, the beloved star of Breaking Bad, tragically passed away on October 12 at the young age of 34. While reports suggest his death could be linked to suicide, the exact cause remains unclear. Mitte, who lived with cerebral palsy like his character Walter White Jr., had expressed hopes of reprising his role in a podcast shortly before his untimely demise.

Five Nifty500 stocks gained over 5% on October 12 and featured in StockEdges White Marubozu bullish scanner, indicating strong upward price momentum during the trading session.

Lulu Hypermarket Chennai: LuLu has opened its first hypermarket in Chennai inside Shenoy Nagar Metro Station, with a smaller LuLu Daily store at Chennai Central Metro Station. Google Maps lists store timings as 9 am to 11 pm.

Canada is leading its largest trade delegation to India in more than 30 years, with nearly 300 business delegates set to explore partnerships across key sectors as both countries advance negotiations on a Comprehensive Economic Partnership Agreement (CEPA), Canadian International Trade Minister Maninder Sidhu said.

Ramlila Maidan, one of three venues designated for protests in Delhi after Jantar Mantar was de-notified, has no available booking dates until December 29, except for December 30 and 31. Officials say a one-day booking requires an initial payment of about Rs 1.21 lakh, while traders and transport operators warn that demonstrations could worsen congestion around commercial markets, railway stations and major roads.

Five Nifty500 stocks featured in StockEdges RSI Trending Up scan on October 12, signalling strengthening price momentum as their Relative Strength Index (RSI) values crossed above 50 from below.

A cyberattack on French supermarket chains reportedly manipulated connected refrigeration systems, forcing some units to heat up to 50C. The incident affected hundreds of stores, caused food losses and was linked to reports of fires. French authorities are investigating how hackers accessed the systems and whether other countries were affected.

Delhi Police has sought to extend the deployment of 273 companies of Central Armed Police Forces until October 20. This extension is necessary to ensure law and order amidst potential protests from various organizations. Protests against Chief Election Commissioner Gyanesh Kumar and demonstrations in sensitive areas are significant concerns for authorities. Recently, the capital saw heavy security measures including the closure of many metro stations.

A more protectionist US could unexpectedly benefit India as New Delhi expands its free-trade agreements (FTAs) to diversify export markets and attract investment. A World Trade Organization-based model estimates that Indias concluded and proposed trade deals, including agreements with the EU and New Zealand, could add about $140 billion to GDP by 2035, lifting it 1.7% above the baseline.

A closing price above the VWAP indicates that a stock ended the session above its volume-weighted average traded price.

Four F&O stocks, led by Avenue Supermarts, recorded over 6% gain in futures open interest on October 12. According to StockEdge F&O scan data, DMart surged over 26%, reflecting fresh position building alongside SAIL, Siemens Energy India, and Tech Mahindra in the derivatives segment.

Donald Trump commented on reports of violations regarding the proposed energy ceasefire between Russia and Ukraine. He stated that both Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy agreed to the arrangement under his insistence. Zelenskyy accused Russia of continuing its attacks, causing casualties and damage to infrastructure. The Kremlin did not confirm the ceasefire, and the European Union also expressed skepticism over Russia's compliance.

RJ Mitte, beloved for his role as Walter White Jr. in Breaking Bad, has tragically passed away at 34. A fervent advocate for disability rights, he leveraged his fame to champion representation for marginalized communities. His multifaceted career spanned acting, modeling, and producing, making him a notable figure in entertainment. The news of his death by suicide has shocked many, yet his legacy in advocating for inclusivity will endure.

AI Meets Robotics: Fortis introduces Indias first hybrid cath lab; Dr Ashok Seth explains

The Supreme Court registry has flagged 10 defects in Rahul Gandhi and other INDIA bloc leaders' petition against CEC Gyanesh Kumar over alleged voter deletions and irregularities in the Special Intensive Revision (SIR) of electoral rolls. The objections reportedly include missing authorisation documents, an unclear identity card of Mallikarjun Kharge and a court-fee shortfall of Rs 220.

Ace investors Ashish Kacholia, Sunil Singhania, Dolly Khanna and others have trimmed or likely exited select stocks in the September quarter, raising questions about their investment strategies amid sharp price swings.

RJ Mitte, best known for playing Walter White Jr. in Breaking Bad, has died at 34. His talent management agency confirmed the news, describing him as an actor, philanthropist and disability rights advocate. According to Celebrity Net Worth, Mitte had an estimated net worth of $500,000. The article also explores the reported fortunes and careers of his co-stars Bryan Cranston, Aaron Paul, Anna Gunn and Dean Norris.

RJ Mitte, best known for his role as Walter White Jr. in Breaking Bad, tragically took his own life at the age of 34. A passionate advocate for the representation of disabled individuals in entertainment, Mitte's desire to keep mementos from the show, particularly his crutches filled with poignant significance, was revealed in interviews.

Vaibhav Vyapaars Rs 42.10 crore IPO opens on October 13, 2026, on the NSE SME platform, with a price band of Rs 5154 per share. The NBFC will use proceeds primarily to strengthen its capital base. FY26 income rose 48%, while profit increased 33%, reflecting improved financial performance and growth.

Three Nifty 500 stocks, including UPL, Gallantt Ispat, and One97 Communications, closed above their Volume Weighted Average Price (VWAP) on October 12. According to StockEdge scan data, closing above the VWAP reflects strong underlying buying momentum during the trading session.

During his latest Saturday Night Live monologue, Shane Gillis made inflammatory statements about women's workout apparel, using inappropriate language. It faced significant backlash. Actor Dan Levy and former SNL cast member Ego Nwodim both criticized Gillis, emphasizing that derogatory remarks have no place, regardless of attire.

An independent study has revealed significant delays in the disposal of RTI appeals across various states. Tripura and Madhya Pradesh have the longest waiting periods, with resolutions expected by 2046. The backlog of pending appeals has slightly decreased compared to last year, though it remains extensive. Notably, the Central Information Commission returned nearly one-third of all appeals filed during the review period.

The company last week declared the interim dividend, which marks its first payout since the stock adjusted for its mega demerger earlier this year. The total dividend payout will be Rs 1,955 crore. Vedanta is closely watched by investors for its consistent track record of dividend payments.

In a bid to curb rising tensions, Pakistan has requested that Afghanistan's Taliban act against militants utilizing Afghan land for assaults. The situation has become increasingly volatile due to border skirmishes and retaliatory airstrikes. Pakistani representatives allege that factions like Tehrik-e-Taliban Pakistan reside in Afghanistan, adding to the conflict. Pakistan seeks diplomatic engagement but insists on Afghanistan fulfilling its security commitments as violence lingers.

Satsuki Katayama has been appointed as the next chair of the World Bank-IMF joint development committee. She is the first Japanese finance minister to hold this position since 1974. Katayama announced her appointment during a press conference on Tuesday. She is currently preparing for her upcoming travel to Thailand for meetings involving the IMF and G20. Her participation in these proceedings is subject to parliamentary approval.

Tech billionaire Elon Musk has invested $276 million in right-wing organizations for the upcoming midterm elections. This significant contribution makes him the largest individual donor for the November elections. His total spending for this election cycle amounts to $366 million, with various recipients benefitting from his donations. Major recipients include the Republican Senate Leadership Fund and Musks own America PAC.

The company last week declared the interim dividend, along with the Q2 results that kickstarted the September quarter earnings season for the IT sector. The latest dividend comes after TCS paid an interim dividend of Rs 12 per share to its shareholders in July.

The Karnataka High Court annulled provisions of a 2022 law that raised reservation quotas for SCs and STs. This decision ruled that the enhanced quotas exceeded the established 50 percent ceiling for reservations. The ruling emerged from petitions challenging the law's constitutional validity based on previous Supreme Court judgments. Following the verdict, Deputy Chief Minister G Parameshwara emphasized the need for political accountability and a review of reservation policies.