The Economic Times

Jio Platforms' recent IPO generated considerable public enthusiasm, showcasing a notable appetite for large-scale offerings among investors. This wave of interest could prompt other firms to accelerate their IPO plans. Experts suggest that the viability of future IPOs will hinge on prevailing market trends and investor mood. Additionally, the significant funds from Jio's IPO will soon be redirected into various investment avenues, potentially bolstering upcoming offerings and shaping pricing str

BLS Polymers Rs 255-crore IPO opened for subscription on October 27 and will close on October 29. The issue, priced at Rs 142150 per share, commanded a 27% grey market premium. The company plans to use the proceeds for manufacturing expansion, working capital and general corporate purposes.

Indias Defence Acquisition Council approved defence procurement proposals worth Rs 2.12 lakh crore, with 82% expected from domestic industry. The clearances cover helicopters, drones, air-defence systems, artillery and naval platforms, supporting military modernisation. Defence stocks may gain investor attention, while indigenous manufacturing, rising capital expenditure and policy support strengthen long-term sector growth prospects.

Five NSE F&O stocks recorded a rise of over 7% in futures open interest on October 26, with Radico Khaitan leading at 16.05%, followed by Mankind Pharma at 9.6%.

Four Nifty500 stocks closed more than 2.5% above their respective volume-weighted average prices (VWAPs) on October 26, according to StockEdge data. The scan highlights stocks trading above their volume-weighted average price for the session.

Five Nifty500 stocks that gained over 4% on October 26 featured in StockEdges White Marubozu bullish scanner. The candlestick pattern indicates strong buying momentum, with prices closing near the session high after opening at or near the low.

Five Nifty500 stocks that gained over 5% on October 26 featured in the RSI Trending Up scan on StockEdge. The scan identifies stocks whose Relative Strength Index (RSI) has crossed above 50 from below, signalling strengthening price momentum.

The Rs 667.53-crore public issue is a combination of a fresh issue of 45.45 lakh shares aggregating to Rs 150 crore and an offer for sale (OFS) of 1.57 crore shares worth Rs 517.53 crore. Through the OFS, existing shareholders will sell part of their holdings, while the company will receive proceeds from the fresh issue.

Mankind Pharma has announced a profit increase of 37.7% to 716 crore during the September quarter. Revenue from operations rose to 4,337.9 crore compared to 3,697.2 crore in the same quarter last year. This growth is attributed to strong performance in both domestic and international markets. The recent acquisition of Armed Cell Therapeutics is expected to enhance R&D capabilities.

Tata Consumer Products encountered unchanged tea volumes and decreasing revenue in the September quarter as weak demand and surging commodity costs took their toll. To counter this, the company emphasized its salt business, which saw significant revenue increases driven by volume growth and price hikes. Meanwhile, international revenue held steady despite challenges in the UK market caused by weather issues.

SBI proudly introduces CyRIS, its new Cybersecurity Centre of Excellence, designed to elevate digital protection and competence. This centre will delve into vital aspects like threat intelligence, cyber defense mechanisms, and ethical hacking practices. It also emphasizes malware analysis, AI security, and quantum-safe advances, showcasing SBI's unwavering resolve to fortify cybersecurity across the financial landscape through collaborative efforts.

India's leading non-bank lenders like Shriram Finance and Bajaj Finance are limiting new lending in drought-affected regions. The lenders are closely monitoring borrowers for early signs of repayment difficulties due to weak monsoon rainfall. Companies are adjusting loan growth expectations downward and strengthening collection efforts in impacted locations. Several states are under close scrutiny as economic pressures mount from lower incomes and agricultural yields.

SFC Environmental Technologies is planning an IPO to raise 150 crore for debt repayment and 517.5 crore for an offer for sale. The company has reported consistent growth in both revenue and profits, with significant contributions from repeat customers. Concerns include uneven cash flow due to high working capital and reliance on government contracts for revenue.

Indian equity markets showed recovery with a rise in NSE Nifty 50, ending a four-session losing streak. Several companies reported their September-quarter earnings, highlighting varying financial performances. Paytm experienced significant profit growth, while Dalmia Bharat reported a net loss due to an exceptional charge. Defence stocks are also in focus following government procurement approvals. Investors continue to track earnings reports and related developments in the market.

In a landmark move, Jio Platforms, supported by Mukesh Ambani, successfully secured

On Monday, Indian equity markets staged a comeback following four days of losses, with both the BSE Sensex and NSE Nifty seeing notable gains as investors sought to take advantage of cheaper stock prices. However, analysts warn that this recovery is precarious, influenced by global geopolitical issues and high crude oil prices.

After two months of silence, September marked the return of retail investors to the secondary market, as they invested

Kunal Kapoor, the CEO of Morningstar, voiced unease about the dangers of focusing investments heavily on AI stocks during his Mumbai trip. He stressed that lofty expectations might not always reflect in company profits, potentially leading to disappointing market outcomes. While praising India's compelling growth story, he remarked that its investment valuations do not stand up favorably against those in emerging markets.

India's petroleum product export earnings increased significantly in April to September, driven by high international prices. While the volume of shipments declined by 16%, earnings surged by nearly 50% in rupee terms. Diesel exports were the largest contributors to the earnings growth, accounting for 42% of the total volume. Both diesel and petrol consumption rose during this period, whereas production saw slight declines.

Noel Tata has raised concerns about N Chandrasekaran's reappointment as executive chairman of Tata Sons. His objections relate to board procedures, including voting requirements and potential conflicts of interest. The board approved Chandrasekaran's position despite Noel Tata's requests for detailed meeting records. Additionally, he questioned the legitimacy of the meeting agenda and the absence of a selection committee.

The government has initiated a reassessment of long-term capital gains tax and securities transaction tax. Stakeholders, including investors and tax experts, have been consulted for their views. The debate has gained momentum due to significant outflows of foreign portfolio investments. Current taxation methods may affect the attractiveness of Indian equities compared to global markets. The upcoming budget provides an opportunity to revisit these tax regulations.

The banks, using the easy rupee liquidity created after the inflow of deposits from the diaspora, bought dollars and invested the funds in US Treasury bills to earn higher returns. The transaction involved a buy-sell swap, where banks purchased dollars in the spot market and sold dollars in the forward market. The dollars generated through the swaps were deployed in US government papers, whose yields have risen in the past three months.

In Arunachal Pradesh, opposition to the 1,605 MW Subansiri Upper Hydroelectric Project is growing fierce. A bandh organized by student groups has brought normal activities to a halt, impacting transportation services. Protesters are pushing for the cancellation of the project, raising alarms over potential environmental damage and safety hazards. Incidents of property damage and clashes with law enforcement have been documented.

Saudi Arabia was represented by Defence Minister Prince Khalid bin Salman, younger brother of Crown Prince Mohammed bin Salman; Pakistan by army chief Field Marshal Asim Munir; and Turkey by intelligence chief Ibrahim Kalin, Saudi and Iranian officials said. Iranian state media published pictures of Iranian President Masoud Pezeshkian, Foreign Minister Abbas Araqchi and Mohsen Rezaei, secretary of the Supreme National Security Council, attending the meetings.

India and the United States have nearly finalized discussions regarding a proposed bilateral trade agreement. Commerce Minister Piyush Goyal mentioned that fine-tuning of the agreement is currently underway. This follows remarks from US Secretary of State Marco Rubio about a few remaining details. Initially, the US removed a penalty on Indian goods related to Russian oil purchases.

'CyRIS' will focus on emerging digital safety and capability areas, including threat intelligence, cyber defence, digital forensics, malware analysis, ethical hacking, fraud analytics, AI security, and quantum-safe technologies, as per an official statement.

Noel Tata contested the resolution to reappoint N Chandrasekaran as Tata Sons' chairman passed on September 17. He argued that the decision was invalid as it was not on the meeting agenda. Tata Trusts director Venu Srinivasan voted in favor, while other directors also supported the reappointment. Noel requested the unedited video recording of the board meeting to clarify the proceedings.

Indian stock markets saw a notable recovery after early losses on Monday. Sensex rose nearly 483 points, while Nifty gained over 153 points during the trading session. This rebound followed a four-day decline that significantly impacted investor wealth. Analysts noted value buying supported the recovery, particularly in sectors like power, healthcare, and metals. Despite this, caution prevailed due to geopolitical uncertainties and upcoming policy decisions from major global banks.

Paytm Q2 Results: Fintech major Paytm on Monday reported 976% year-on-year (YoY) growth in its consolidated net profit at Rs 226 crore. The same stood at Rs 21 crore in the year-ago quarter. Revenue from operations in the reporting period rose 28% YoY to Rs 2,648 crore.

Tamilnad Mercantile Bank has set a remarkable milestone with a net profit of Rs 451 crore for the quarter from July to September. This success is buoyed by a substantial rise in interest income, totaling Rs 1,820 crore compared to the same period last year. Managing Director Salee Sukumaran Nair emphasized the role of net interest income in driving this profit.

Indian Overseas Bank plans to raise $500 million through external commercial borrowings in two tranches by December. The lender reported a 56% rise in Q2 net profit to Rs 1,912 crore, alongside stronger credit growth and improved asset quality.

MakeMyTrip reported a $1.8 million Q2 net profit, reversing a year-earlier loss of $5.7 million. Revenue rose 11.2% to $235.2 million, while gross bookings grew 20.9%, supported by hotels, transport and AI-powered travel assistant Myra.

Bank of Maharashtra posted a 41.5% year-on-year rise in Q2 net profit to Rs 2,310 crore, supported by stronger income, deposit and credit growth, improved asset quality and a return on assets of 2.02%.

Indias smallcap sell-off is intensifying as margin trading facility (MTF) positions decline from record levels. With nearly Rs 72,000 crore exposed to smallcaps, forced liquidations could deepen losses, although SEBI safeguards may limit systemic risks.

School holiday news: Schools across India are generally set to operate as usual on October 27, 2026. Local authorities may declare holidays based on weather conditions, especially in southern coastal states. Odisha and Andhra Pradesh are particularly monitoring forecasts due to cyclone concerns and heavy rain alerts. Parents and students should check with schools for specific instructions or changes related to closures.

Anthropic filed for an initial public offering, reflecting rapid revenue growth amid significant financial losses. The company reported a 1,300% revenue increase, reaching $16.3 billion in the first half of 2026. However, it also encountered a net loss exceeding $80 billion due to high costs in AI development. Risks associated with AI technology are increasingly becoming a concern for potential investors.

Verizon now expects to add between 1.1 million and 1.2 million postpaid phone subscribers this year compared with earlier projections of 750,000 to 1 million.

Anthropic's IPO filing marks a significant step toward becoming the first public listing for a frontier AI lab. The company has raised a total of $3.5 billion in various funding rounds leading up to its IPO. Significant investments have come from major companies including Amazon.com and Alphabet's Google. Anthropic is currently projecting revenue of approximately $190 billion to $200 billion in 2028.

Despite the Sensex gaining 483 points to close at 73,606, six BSE 100 stocks hit fresh 52-week lows. Yes Bank led monthly declines, followed by Power Finance Corporation, Tata Power, Canara Bank, Tata Consumer Products and Godrej Consumer Products.

Tata Consumer Products reported a 16% year-on-year profit increase to Rs 470 crore in Q2 FY27, with revenue rising 14% to Rs 5,661 crore. Strong Indian volumes, salt demand and growth businesses boosted performance, while EBITDA increased 18% to Rs 794 crore.

The ET Product of the Year Awards 2026 honors cutting-edge home and kitchen appliances introduced or revamped in India. This category emphasizes products that improve daily living by focusing on energy efficiency, practicality, and advanced technology, catering to changing consumer demands. Receiving an award bolsters manufacturers' ability to stand out in a crowded marketplace.