The Economic Times

Bonfiglioli Transmissions aims to raise Rs2,534 crore through an upcoming offer for sale. The promoter group's stake will reduce from 100% to 77% post-IPO. The company has market leadership in various sectors, including industrial automation and construction. Revenue and net profit have shown significant growth in recent years, indicating strong financial performance. Investors with a high-risk appetite may consider participating in the IPO.

Meta-backed Jaadhu Holdings, which acquired a 9.98% stake in Jio Platforms for around Rs 43,574 crore in 2020, now holds shares valued at around Rs 99,846 crore at the IPO price. Google, which invested around Rs 33,737 crore for a 7.73% stake, has seen the value of its holding rise to around Rs 77,307 crore.

Jio Platforms is gearing up for what is set to be India's biggest initial public offering, aiming to raise as much as Rs 30,213 crore. Once listed, Jio is projected to become one of the top five companies in market value.

Investors that have shown interest in the anchor book include the Government of Singapore Investment Corporation (GIC), Fidelity, Norway's Government Pension Fund Global, New World Fund Inc and Smallcap World Fund Inc, besides those cited above, the people said.

The rally came even as concerns over sticky US inflation and the prospect of further monetary tightening weighed on global markets, triggering a sell-off in technology stocks across Asia, particularly in South Korea and Taiwan.

The Supreme Court confirmed the decision of the Bombay High Court regarding Yes Bank's AT1 bonds. This ruling impacts 8,415 crore in bonds written off during the bank's 2020 restructuring. The court noted that the administrator lacked the authority to write down these bonds. Bondholders had contested the write-off, citing mis-selling of the securities. Yes Bank is now obligated to repay the bonds along with accrued interest.

US Stock Market today: Nvidia dipped 1.8 per cent after chip manufacturer TSMC struck a cautious note on 2027 despite reporting a sixth consecutive record quarterly profit on robust AI-driven demand.

USD rate: Government bonds rallied and the dollar pulled back, reflecting cautious remarks from Federal Reserve officials that further cooled expectations for an October interest-rate hike.

India is currently in the final stages of legal drafting for a trade agreement with the US, which is expected to be operational soon. The agreement, following sessions with US trade representatives, aims to ensure preferential access for Indian exporters. Indian officials hope for tariff stability and seek resolution on outstanding issues before the deal is signed.

The southwest monsoon made its withdrawal from the entire country, which was expected this year. The northeastern monsoon has begun over Tamil Nadu, Puducherry, and other southern regions of India. Rainfall was recorded over Tamil Nadu, with many areas experiencing heavy downpours in the last 24 hours. The monsoon season concluded with a 13% deficit in rainfall, below the long-term average. The India Meteorological Department reported a total of 759.

India's goods exports surged by 23% in September, totaling $44.4 billion, supported by significant gains in electronics, petroleum, and engineering goods. At the same time, imports rose by only 8%, leading to a reduced trade deficit of $30.21 billion. This export growth reflects a sustained positive trend in the second quarter of the current fiscal year. Notably, gold imports fell sharply by 81.27%, impacting overall import figures.

After a rocky start, the S

A cruise missile was intercepted by the Saudi-led coalition in Medina, which is a significant religious site. The Houthis refuted claims of targeting the region, maintaining their promise to avoid holy cities. Recent attacks by Houthis have increasingly targeted Saudi Arabia, with notable strikes in Riyadh. Consequently, a planned EU-Gulf summit in Riyadh has been postponed due to ongoing tensions.

US President Donald Trump will decide on the Sanctioning Russia and Iran Act affecting India's oil purchases. The US ambassador indicated that discussions would continue during Secretary of State Marco Rubio's upcoming visit. India has expressed concerns that tariffs could harm bilateral relations amidst ongoing trade negotiations. While progress has been made, remaining issues need resolution before a trade deal can be finalized.

Ukraine has returned to attacking Russian oil refineries after President Volodymyr Zelenskyy stated that patience had worn thin. The ceasefire on energy targets, which was supported by Donald Trump, is effectively over due to Russia's continued attacks. Six Russian Su-34M military aircraft have been damaged in a Ukrainian strike. Meanwhile, Russian diesel exports are starting to reach global markets as the Kremlin announces a new agreement.

Two Tata trusts, Sir Dorabji Tata Trust and Bai Hirabai Jamsetji Tata Navsari Charitable Institution, challenge Mehli Mistry's objections. Mistry claims irregularities in trustee appointments, while the trusts deny any illegal actions. Both trusts assert that his term expired and he no longer qualifies as a trustee. Additionally, the BHJTNCI seeks to replace its reporting trustee, leading to further legal disputes. Proceedings on these matters are set for November 5.

KFC has officially signed a partnership agreement with Coca-Cola to provide beverages at its restaurants. This deal marks the end of KFC's long-standing relationship with PepsiCo, which is facing sales challenges. Coca-Cola products will be available in KFC locations across the United States starting in spring 2027. The announcement was first reported by The Wall Street Journal, indicating significant industry changes.

Dubai is advancing a significant $1.4 billion real estate project, which includes hotels and office spaces. Although property transactions have been impacted by regional tensions, prices remain relatively stable in the market. H&H Development has begun construction with a workforce of 30,000 on-site, aiming for completion by 2028. Despite lower sales, about 85% of the branded residences have been sold for high prices.

Nouriel Roubini highlighted the significance of India's emerging economy during a recent event in Dubai. As the US seeks a constructive trade relationship with India, economic pressure is expected to guide policymaking. India is seen as vital due to its large domestic market and skilled workforce. The country needs to achieve near 9% growth to address job creation challenges amid AI advancements.

Margarita M. Balmaceda examines the hidden dynamics of energy dependency between Russia and other nations. The discussion highlights Russia's role as a 'Trojan horse' in energy politics. Recent diesel deals between the US and Russia may have limited short-term benefits for American consumers. Additionally, the implications of these deals could adversely impact Ukraine's situation. This situation reflects a troubling double standard in international energy relations.

US Home Loan rate: The recent string of mortgage rate increases snapped as the 10-year Treasury yield pulled back from its highest level since 2002.

A puppy, seriously hurt in a road accident, found a second chance thanks to the compassionate Blinkit delivery partners. After being nursed back to health, the puppy now enjoys life in their local warehouse, frequently joining in on delivery runs. This heartwarming tale was shared by a professional on LinkedIn, capturing the attention of many social media users who praised the generosity of the delivery team.

Canada is actively working to enhance its relationship with India through a comprehensive economic partnership agreement. In a significant move, Canadian ministers visited India to discuss various collaboration opportunities. Prime Minister Narendra Modi highlighted the need for sustained bilateral engagement to achieve tangible outcomes. A large trade delegation from Canada is also in India to bolster economic ties. These developments reflect Canada's strategic shift to diversify its trade part

Manchester City showcased a celebratory pre-match fireworks display before facing Paris Saint-Germain in the Champions League. The first half saw PSG dominate, taking a commanding lead with three goals. City managed a spirited second-half comeback, scoring two goals but ultimately fell 4-2. Former City manager Pep Guardiola witnessed the match from the stands as the team faced serious challenges.

Delhi and Moscow are coordinating their strategies to combat extremism and cross-border terrorism in Afghanistan and Pakistan. Russia's foreign intelligence chief Sergei Naryshkin recently met with Afghan intelligence head Mawlawi Abdul Haq Wasiq in Kabul. They discussed the implications of deteriorating Afghanistan-Pakistan ties and coordinating approaches against terror threats. Additionally, Russia's Deputy NSA met with his Indian counterpart for further discussions.

Researchers found that some Americans trust science while also believing in ghosts, curses, and magic. The study analyzed responses from 1,812 adults, highlighting a complex relationship between faith and reasoning. People valuing secular rationalism may still hold supernatural beliefs if they maintain religious connections. About 28% of religious service attendees who believe in God also lean towards magical beliefs.

Lionel Messi has ordered an 88-foot Sunreef ULTIMA 88 luxury catamaran, being built in Ras Al Khaimah, UAE. The yacht features 2,000 horsepower, four guest cabins, a dedicated jet ski garage and an Ocean Lounge. The order has also drawn attention to Messi's nearly $11 million waterfront mansion in Fort Lauderdale, Florida, which reportedly has 70 feet of water frontage and two private boat docks.

Prime Minister Narendra Modi inaugurated projects worth 3,350 crore aimed at improving Ladakh's infrastructure and connectivity. A new passenger terminal at the Kushok Bakula Rimpochee Airport in Leh was included in the projects. The modern terminal will accommodate 35 lakh passengers each year to enhance travel convenience. Ladakh representatives condemned China's land claims asserting their region's historical independence.

Election Commission of India has announced the resumption of the special summary revision of electoral rolls. This decision affects 17 states and Union Territories and ensures new voter registrations. Integrated draft electoral rolls will be published on November 12, allowing time for claims and objections. Final electoral rolls are scheduled for publication on January 4, 2027, aligning with upcoming assembly polls.

Jammu & Kashmir and Ladakh High Court recently issued an order banning fuel-powered motorboats and jet skis on Dal Lake. Chief Justice Pushpendra Singh Bhati and Justice Rajesh Sekhri enforced the ban in response to a petition. The court directed relevant authorities to ensure compliance with this order promptly. The banning of these vehicles aims to protect the ecological balance of the lake.

The defence ministry plans to suspend all business dealings with SMPP due to an ongoing CBI investigation. Allegations involve bribing officials to secure a significant contract with Munitions India Limited. The new guidelines allow immediate action following an FIR from the CBI or other agencies. Consequently, all allied firms and partners may also face suspension under these rules.

Actor Imran Khan, a US citizen, has been ordered to leave India by October 28 due to his involvement in a protest. The Foreigners Regional Registration Office stated that foreign nationals cannot participate in protests in India. BJP leaders have accused Khan of foreign interference, while the Opposition supports him. A case has also been registered against Khan by Mumbai Police.

The Supreme Court in New Delhi has scheduled a hearing on October 26 for a plea related to electoral roll discrepancies. Senior advocate Arvind Datar claimed that about 12 million voters in Maharashtra have been flagged for inconsistencies. Additionally, 40.6% of voters in Pune and some areas were reportedly excluded from the rolls. The court emphasized that allegations must be examined on a state-by-state basis.

Supreme Court has issued notices to the Election Commission regarding a petition filed by Rahul Gandhi and others. The petition challenges the decisions related to the special intensive revision of voter lists. The court is seeking an explanation from a petitioner regarding conduct during a recent march. It is addressing the need for transparency in the electoral process and examining the deletion of voter names.

Supreme Court has issued notice regarding petitions aimed at regulating demonstrations around judicial complexes, including criminal contempt allegations against political leaders. Law enforcement agencies were directed to preserve CCTV footage from the October 12 protest. The protests arose from concerns over electoral roll irregularities and demands for the resignation of the Chief Election Commissioner.

As Diwali approaches, its the perfect opportunity to transform your home into a sanctuary of light and color. Utilize your creativity by filling old glass jars with fairy lights or sewing with leftover fabrics for a personal touch. Fresh flowers create stunning, simple centerpieces. Instead of purchasing new diyas, consider refreshing existing ones through paint, concentrating on essential decor to cultivate a festive atmosphere while staying within budget.

Lawyers for the BBC have requested that President Donald Trump appear for a deposition in their defamation lawsuit. They claim that Trump has postponed an agreed-upon deposition date, citing national importance as the reason for his absence. The BBC has expressed concerns about the delays affecting their ability to gather evidence for their defense in the case.

Russian President Vladimir Putin stated recent Ukrainian attacks on oil refineries caused minimal damage and vowed to respond. This incident included a notable drone attack on an oil facility in Russia's Ryazan region early on Thursday. The attacks came after a ceasefire announcement regarding energy between Russia and Ukraine. Ukrainian officials denied involvement in the refinery incidents reported by Moscow's deputy prime minister.

NASA's SPHEREx telescope has opened a fascinating window into the realm of brown dwarfs, the enigmatic celestial bodies that sit between stars and planets. Recent data reveals diverse chemical signatures and significant atmospheric variability, challenging existing models. Researchers aim to delve deeper into these findings, seeking to untangle the mysteries surrounding brown dwarfs and their complex atmospheres as they continue their groundbreaking analysis.

Joni Mitchell's US citizenship has renewed interest in her former Malibu home, a five-bedroom beachfront property originally listed for nearly $27 million. Located in Malibu Colony, California, the luxury residence features ocean views, direct beach access and a grandfathered pool and spa that would be difficult to recreate under current coastal regulations. The asking price was reduced to $24.9 million in August 2026.

Significant funding for the planned White House ballroom, estimated to cost $400 million, was reported. Nvidia and Apple made $25 million donations, alongside contributions from others with federal interests. Critics have raised concerns about transparency, donor influence, and ethics related to the project. Trump asserts the ballroom is essential for national security amid public backlash and legal challenges. The Supreme Court has permitted continued construction despite ongoing disputes regar