The Economic Times

Sun Pharma successfully secured

The Jio Platforms initial public offering has ignited substantial investor interest, achieving a remarkable 5.57 times subscription on the second day alone. Fully subscribed by retail investors, this reflects a strong demand, while institutional bidders have led the pack with a striking 13.29 times subscription rate. Proceeds from the IPO will support the repayment of debts and various corporate initiatives, remaining open for subscriptions until Friday.

The anticipated IPO of Jio Platforms is set to reshape the primary market, prompting several firms to defer their upcoming launches to sidestep investor competition. While only Paras Healthcare's offering is currently active, nine other IPOs managed to secure funding in October. Post-Jio's close in late October, November is expected to witness a flurry of activity, with around 15 IPOs lined up for that month.

In the early days of October, there was a notable retreat of foreign portfolio investors from several sectors, particularly in financial services and FMCG, which saw outflows of

US bond Yields have dropped in recent days, as concerns about a slowdown in AI spending and its impact on economic growth have overshadowed economic data, which showed persistent inflation pressures.

US Stock Market today: Chipmakers Western Digital, Intel, ADM , Sandisk, and Marvell all posted steep percentage losses amid the broader semiconductor selloff.

Donald Trump and LeBron James have been critical of each another for years, occasionally trading public swipes.

Tom Skerritt, the Emmy-winning actor who embodied a solid, wry authority figure, whether as a flight instructor in Top Gun, a tough-but-fair sheriff on TV's Picket Fences or the doomed captain of Alien, has died.

Flight interruptions have gripped the United States as severe weather affects several key airports. Gusty winds in Boston and New York have led to extensive delays, while thunderstorms in Phoenix and downpours in California have caused further operational chaos. Travelers are strongly urged to verify their flight statuses and review cancellation policies with their airlines.

Union home minister Amit Shah has criticized Congress leader Rahul Gandhi regarding his allegations of vote tampering. Shah claims Gandhi is protecting the votes of infiltrators and asserts that NDA will win in Punjab. He also mentioned that BJP consistently wins elections, causing distress for the opposition parties. Asserting a long wait for Gandhi's turn, Shah conveyed a message directed at him, anticipating his return to Delhi.

India and Poland are strengthening their collaboration in various sectors, particularly defence and space. Prime Minister Narendra Modi and Polish counterpart Donald Tusk discussed trade enhancement and global governance reforms. Both leaders expressed concern over the ongoing war in Ukraine and its humanitarian impact. They emphasized the importance of a comprehensive peace in line with international law. Tusk reiterated Poland's support for India's position in global forums like the UN.

While Patil has sought a probe into the matter, claiming the clip was made to defame him, Shiv Sena has demanded a probe to know the identity of the leaders involved and the action BJP would take against them.

Delays in land acquisition and obtaining various environmental clearances have significantly impacted the progress of infrastructure projects. Although central agencies are improving approval times, states are still facing lengthy procedures for necessary permits. Utility shifting is also causing major disruptions, often taking longer than projected. The recent analysis reveals a considerable increase in costs due to pre-construction delays.

The move follows a flurry of attacks by Yemen's Houthis on infrastructure. Commercial storage available through partners is limited. The larger capacity lies in what we call strategic storage owned by governments, Nasser said in an interview.

Saudi state oil company Aramco has told staff to evacuate its headquarters in Dhahran on the Gulf, six people with knowledge of the matter said on Thursday, as fighting between the world's largest crude exporter and Yemen's Iran-aligned Houthis intensifies.The US ordered the departure of some diplomats and their families from Saudi Arabia due to the threat from Houthi militants, after the Iran-backed group carried out deadly strikes from Yemen.Clashes between the Houthis and a Saudi-led coalitio

The RBI has asked financial entities to remove management and administrative interfaces from public internet access, enforce multi-factor authentication for administrative access, and restrict access to cloud and backend systems on a least-privilege basis. The measures include auditing source code, repositories, configuration files, client applications and cloud storage for exposed credentials, and immediately rotating and purging compromised credentials.

Addressing a rally in South Carolina on Wednesday, Trump appeared to suggest that his move to rename Lake Ontario as Lake America had encouraged him to consider renaming the Pacific or Atlantic Ocean.

It was MHA that proposed a meeting on October 22 and asked us to come to Delhi, saying it would arrange a meeting. Accordingly, we made our plans and booked tickets to Delhi for October 22. I have arrived here today (October 22) but we are now being told that nobody seems to know about the meeting, Wangchuk said.

Global concerns over AI spending had accelerated after America-based cloud-computing provider CoreWeave Inc.'s bonds fell to levels associated with distress, exposing financing risks across the industry.

A man earning a combined Rs 3.5 lakh a month with his wife has recounted how lending Rs 2 lakh to a relative without consulting her led to marital tension and a dispute over repayment. The borrower had reportedly promised to return the money within 30 days but failed to do so, later allegedly accusing the lender of arrogance for asking for it back. The Reddit post triggered a discussion about financial boundaries, trust and the risks of lending money to relatives.

The 1,643 km porous India-Myanmar border will be fenced at a cost of Rs 31,000 crore, and passes through Mizoram, Manipur, Nagaland and Arunachal Pradesh. The free movement regime with Myanmar was scrapped in 2024. FMR allowed people residing close to the border to venture 16 km into each other's territory without a visa.

Manchester United suffered a significant loss against Como in the Champions League, intensifying pressure on manager Michael Carrick. Arsenal managed to draw against Bayern Munich after a late equaliser from Declan Rice, maintaining their strong form in the competition. Real Madrid continued their winning streak, while Aston Villa and Real Betis also secured victories to keep their records flawless.

President Trumps $10 billion defamation lawsuit against the BBC is encountering increased legal scrutiny. A federal judge has raised concerns over the efforts made by Trumps legal team to gather evidence. The court has ordered Trump to prepare for a deposition by December 11, in addition to supporting the BBCs subpoena for Mar-a-Lago membership records. The lawsuit addresses claims regarding a BBC documentary that allegedly misrepresented Trumps January 6 speech.

While Odisha claims that these villages are part of Pottangi block in Odishas Koraput district, Andhra Pradesh asserts that these villages fall under Salur block of Parvathipuram Manyam district. Former Odisha CM Naveen Patnaik, former Union minister Dharmendra Pradhan and other Odisha leaders have objected to the Andhra governments notification.

Representatives from 196 countries are meeting in Yerevan to evaluate biodiversity progress under the 2030 targets. The Kunming-Montreal Global Biodiversity Framework aims to restore ecosystems and phase out harmful subsidies. India's national report highlights progress with key wildlife species, despite challenges in land degradation and protected areas. The report shows India's successful ecosystem restoration and involvement in biodiversity-inclusive planning.

The government is looking to revamp GST return forms to minimise discrepancies between reported sales and tax payments. Draft forms will be available for public feedback starting November 1 and the changes take effect on April 1, 2027.

Even as SEC paused the process, YSRCP alleged that the ruling TDP cadres continued to attack and intimidate its candidates for the second consecutive day. The Opposition party released videos of several places and alleged that the modus operandi had been to not allow senior YSRCP leaders to accompany candidates to nomination centres and then snatch the nomination papers to prevent them from filing.

Piyush Goyal expressed concerns over the EU's carbon tax and numerous regulations impacting their steel industry. He warned that these measures could lead to increased costs and decreased competitiveness for EU businesses. Goyal highlighted that the high import duties and standards could harm the economy and raise the cost of living. He mentioned the reciprocal nature of trade regulations in response to the EU's actions.

Beginning on November 20, Airbnb is rolling out updated guidelines to enhance cleanliness expectations for guests. Hosts can no longer impose extensive cleaning responsibilities, permitting only simple tasks. A new feature in the app aims to clarify house rules and host requests for better guest comprehension. If guests encounter unreasonable demands, they can report them. It's important for travelers to check house rules and total expenses before confirming their bookings.

Khargeswar Rabha, who worked as a Deputy Superintendent of Police in Assam, was shockingly found dead in a hotel room where he had checked in on October 18. His body was in a state of decomposition, raising serious concerns.

The award came just days after the Trump administration announced sweeping new sanctions on the court, which is based in The Hague, Netherlands, as part of its campaign to dismantle the tribunal over investigations into the United States and its allies, including Israel.

Recent protests in France erupted from student frustrations surrounding educational systems and inadequate school environments. As the movement evolved, it brought to light broader issues such as soaring living costs and employment stagnation. The troubling economic backdrop of national debt and inflation has intensified citizens' worries, particularly the younger generation's outlook on jobs and climate change. This upheaval threatens to deepen the political divide as it interrogates existing s

Macron acknowledged planning failings and elements of surprise last Saturday, when protests drew more than half a million people and degenerated into vandalism. Rioters attacked public buildings and looted stores in cities. Macron blamed seditious acts led by organised ultra-left groups that seek to bring down the republic, alongside acts of delinquency.

An Amazon software engineer in Bengaluru has shared how a highway crash during heavy rain led to a Rs 61 lakh repair estimate for his Mercedes-Benz, nearly matching the cars original cost. Adam Rizk said the vehicle crossed a divider and landed in the opposite lane, although he escaped without major injuries. He later said the car was considered a total loss and that insurance would provide a cash payout rather than cover the repairs.

Mark Zuckerberg has threatened to leave California if the state introduces a proposed 5% billionaire wealth tax. In response, Meta has approved a new class of nonvoting Class C shares that would allow the Facebook co-founder to raise money to pay a potential tax bill without losing control of the company. The new stock arrangement also comes with an eight-year commitment from Zuckerberg to remain a California resident.

Questions over Kim Jong-un's whereabouts have resurfaced after North Korea released photographs purportedly showing him with his daughter at a textile and footwear exhibition. Social media users Jie Lijian and Wanjun Xie have made separate allegations about his death, Kim Yo-jong's alleged takeover and disruptions to North Korean websites. However, the claims remain unverified, and no evidence has confirmed a change in the country's leadership.

Modi was to inaugurate 'Prerna Sthal' featuring a statute of Lord Buddha and exhibits related to other iconic figures on the premises of Vidya Pratishthan, an educational institution, on November 3.

IPO at US Stock Market: With the 30-year Treasury yield sitting at near two-decade highs, the surging cost of capital has dramatically altered the risk appetite of prospective issuers. This shift has effectively chilled the IPO window over the past two months.

India has firmly dismissed the UN report authored by Special Rapporteur Gehad Madi, citing numerous inaccuracies and unfounded assertions. Deputy Secretary Barkha Tamrakar pointed out typographical mistakes pertaining to Assam, saying the report's ambiguous phrasing lacks precise legal context and identifiable claims.

The Road Ministry aims to implement Advanced Emergency Braking Systems for all new car models by October 2030. For pre-2030 models still in production, these systems will be mandatory starting October 2032. Additionally, the ministry will enforce revised braking standards for trucks, set to commence on October 1, 2027. Electronic stability control systems will also be mandated for trucks from the same date.

A recent clinical trial involving older adults found no cognitive improvements from high-dose DHA supplements. Researchers confirmed that the DHA reached the brain but did not enhance memory. Participants demonstrated no significant cognitive benefits after two years of supplementation. The study raises questions about the effectiveness of fish oil supplements for preventing Alzheimers disease. Overall health and dietary habits remain crucial for maintaining brain health in aging individuals.