ESDS, Advit among 9 listings with up to 220% rally YTD; more steam left?
INDIA MARKET | Thu, 22 Oct 2026, 7:32AM IST
Analysts attribute the strong performance of recent IPOs to investor preference for niche and differentiated businesses, backed by healthy growth expectations and high entry barriers in some segments.
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13m
Gold eases as investors await Fed signals on rate path
INDIA COMMODITIES | Thu, 22 Oct 2026, 7:29AM IST
Gold prices saw a decline as investors shift attention to the looming Federal Reserve policy meeting regarding interest rates. Spot gold prices dipped to $4,115.50 per ounce, with US gold futures for December slipping to $4,132.30. Analysts anticipate potential rate hikes in the coming months, particularly in December, where the likelihood stands at 90%. Other precious metals like silver and platinum also noted price drops.
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Bitcoin rallies back as tech rebound sparks speculative appetite
INDIA MARKET | Thu, 22 Oct 2026, 7:27AM IST
Bitcoin has surged by 2.4% to $84,737 amid increased enthusiasm for risk assets like technology stocks. This rally, driven partly by SpaceX earnings, reflects a broader revival in speculative trading. The Office of the Comptroller of the Currency has also announced supportive measures for payment stablecoin issuers. Additionally, indications show a rise in open interest for perpetual futures, after a period of deleveraging.
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Oil rises as US orders diplomats to leave Saudi Arabia amid escalating tensions
INDIA COMMODITIES | Thu, 22 Oct 2026, 7:26AM IST
Oil prices rose as Houthi attacks in Saudi Arabia increased tensions and led to US diplomatic withdrawals. Brent crude futures gained $1.29, while US West Texas Intermediate crude rose by 97 cents after the attacks. The US State Department has ordered the withdrawal of some family members from various missions in the region. There was a noticeable drop in US crude stocks last week, contrary to analysts' expectations.
Continue reading at Economic Times
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Singapore-based Ascertis Credit secures $700 million for Fund IV
INDIA MARKET | Thu, 22 Oct 2026, 7:21AM IST
Ascertis Credit Group has raised more than $700 million in commitments for its fourth private credit fund. The fund aims to reach a target of $1 billion with interest from various global and domestic investors. It plans to build a diversified portfolio of 35-40 companies by deploying capital actively. The investment strategy includes supporting companies with varying financing needs across multiple sectors.
Continue reading at Economic Times
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Aditya Birla AMC Q2 net profit dips 8.4% to Rs 221 crore
INDIA MARKET | Thu, 22 Oct 2026, 6:47AM IST
Aditya Birla Sun Life AMC witnessed an 8.4% decrease in net profit for the September quarter of FY27, coming in at 221 crore, down from 241.32 crore last year. In contrast, operational revenue grew by 5% to 484 crore. The company faced a 21% increase in total expenses, which rose to 230 crore. Significantly, the Quarterly Average Assets Under Management reached 4.42 lakh crore, reflecting a 4% year-on-year increase.
Continue reading at Economic Times
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INDIA bloc leaders to hold online meeting
INDIA NEWS | Thu, 22 Oct 2026, 6:44AM IST
New Delhi: An online meeting of the INDIA bloc will be held on Thursday evening to discuss the roadmap for protests regarding the "vote chori" issue and to press for Chief Election Commissioner Gyanesh Kumar's resignation, sources said.Congress President Mallikarjun Kharge will chair the meeting, which will also review the preparations for the INDIA bloc's rally in Delhi on November 1, they said.Last week, the protests over the "vote theft" charge reached the Supreme Court's doorstep.On October 12, opposition stalwarts, joined by activists and civil society members, took part in a "March for Democracy" along a heavily barricaded route and filed a joint petition against Special Intensive Revision (SIR) of electoral rolls, alleging poll irregularities, in a major show of strength in the national capital.Congress leader Rahul Gandhi also hosted INDIA bloc leaders for tea at his home on October 13. After the meeting, the opposition bloc vowed to continue resisting and take the "vote chori" fight to its logical conclusion.
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1h
Why RBI is draining excess liquidity but also injecting funds
INDIA MARKET | Thu, 22 Oct 2026, 6:36AM IST
Reserve Bank of India has significantly reduced banking system liquidity from a peak surplus in a short time. Liquidity surged after banks received funds from overseas Indians under the FCNR(B) scheme. The central bank utilized reverse repo auctions and cash reserve ratio adjustments to absorb this surplus effectively. As overnight rates increased following these liquidity measures, RBI temporarily infused funds to manage sharp rate rises.
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1h
Why is the RBI pulling liquidity out of banks and injecting it back again?
INDIA MARKET | Thu, 22 Oct 2026, 6:36AM IST
Reserve Bank of India has significantly reduced banking system liquidity from a peak surplus in a short time. Liquidity surged after banks received funds from overseas Indians under the FCNR(B) scheme. The central bank utilized reverse repo auctions and cash reserve ratio adjustments to absorb this surplus effectively. As overnight rates increased following these liquidity measures, RBI temporarily infused funds to manage sharp rate rises.
Continue reading at Economic Times
1h
Global Market Today: Asian stocks mixed as oil rally, AI concerns weigh on sentiment
INDIA MARKET | Thu, 22 Oct 2026, 6:27AM IST
Contracts for the Nasdaq 100 Index slipped 0.6% and those for the S&P 500 dropped 0.4% in early Asian trading following a split set of results from Tesla Inc. and Meta Platforms Inc. The automakers shares fell 3.1% in post-market trading after cutting its capital-spending forecast. Meta Platforms, however, rose 2% after hours as the company boosted its bet on AI with spending outlook.
Continue reading at Economic Times
1h
Jio IPO attracts Rs 70,000 crore in bids on day 1, outpaces LIC, NSE issues
INDIA MARKET | Thu, 22 Oct 2026, 6:26AM IST
The initial public offering of Jio Platforms has attracted impressive attention, with an oversubscription of 3.16 times. Institutional investors were particularly keen, subscribing at a rate of 9.42 times, while retail investors opted for a 0.73 times rate. Non-institutional interest was stronger at 1.68 times. The company plans to allocate a large share of the funds toward debt clearance, reflecting optimistic perceptions of Jio Platforms' future.
Continue reading at Economic Times
1h
Midcaps enter correction as sell-off deepens
INDIA MARKET | Thu, 22 Oct 2026, 6:03AM IST
Indian equities, especially the Nifty Midcap 150 index, have recently slipped into correction territory as valuations soar. The small-cap and micro-cap indices are mirroring this trend amid rising investor concerns. Previously, retail investments bolstered smaller stocks, but high valuations threaten future returns. Moreover, analysts observe that even after declines, small and mid-cap stocks continue to trade at elevated levels. An improving economic situation might lead to a hopeful relief rally.
Continue reading at Economic Times
1h
Market sell-off deepens as midcaps enter correction zone
INDIA MARKET | Thu, 22 Oct 2026, 6:03AM IST
Indian equities, especially the Nifty Midcap 150 index, have recently slipped into correction territory as valuations soar. The small-cap and micro-cap indices are mirroring this trend amid rising investor concerns. Previously, retail investments bolstered smaller stocks, but high valuations threaten future returns. Moreover, analysts observe that even after declines, small and mid-cap stocks continue to trade at elevated levels. An improving economic situation might lead to a hopeful relief rally.
Continue reading at Economic Times
1h
Stock Market Today: All You Need To Know Going Into Trade On Oct 22
INDIA MARKET | Thu, 22 Oct 2026, 6:00AM IST
The Indian stock market ended lower on Wednesday, dragged by selling across most sectors.
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1h
Stocks in news: Reliance Industries, Eternal, Alkem Labs, BEL, HPCL, Swiggy and GMDC
INDIA MARKET | Thu, 22 Oct 2026, 6:00AM IST
Indian markets witnessed a downturn on Wednesday, prompted by significant selling in banking stocks. After showing initial promise, the Nifty 50 index dropped by 77.60 points to close at 22,811.35. Reliance Industries celebrated a reaffirmation from ICRA concerning its non-convertible debenture program, valued at Rs 12,000 crore. Eternal also reported impressive year-on-year growth in Q2 revenue and net profits.
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1h
Rubio, Ambani discuss energy and tech
INDIA NEWS | Thu, 22 Oct 2026, 6:00AM IST
New Delhi: US secretary of state Marco Rubio visited Reliance Industries refinery in Jamnagar, the worlds largest, and discussed with chairman Mukesh Ambani a gamut of issues related to energy and technology that could become the springboard for wider energy cooperation between the two countries.Rubio met with RIL executive director Anant Ambani, who outlined the vision for Jamnagar as a hub for technological advancements and high-tech manufacturing, the company said in a statement.Also Read: Rubio tours Jamnagar as US courts RelianceRubio Also Met Adani, ChandraThe visit included wide-ranging discussions on the global energy landscape and opportunities for commercial partnerships across conventional and new energy, the RIL statement said. The exchange covered reliable and affordable energy supplies, technological advances, resilient supply chains and the investment required to meet growing demand.Rubio also met Adani Group chairman Gautam Adani and Tata Sons chairman N Chandrasekaran in Mumbai on Wednesday, before heading to Gujarat. The secretary of states visit comes weeks ahead of the US midterm elections, with the Trump administration under pressure from soaring fuel prices.Also Read: Ambani's got Wall Street's wonder kid on speed dialOver the past year, Indias imports of US LPG have surged from under 10% to 67%, making the United States Indias largest LPG supplier. Reliances planned investment in the first new US oil refinery in 50 years is another major opportunity to expand American energy production and create jobs, US ambassador to India Sergio Gor said in a social media post following Rubios visit to the Jamnagar refinery. Mukesh Ambani and Anant Ambani shared their perspectives on opportunities for collaboration with US companies, drawing on complementary strengths in technology, engineering and advanced manufacturing, RIL said.In March, US President Donald Trump had announced that RIL planned to invest in a greenfield refinery in the US. The Mukesh Ambani-owned company has yet to confirm the plan.Adani Group and Tata Group did not disclose details of their meetings with Rubio. Ahead of his India visit, the secretary of state had said he would discuss Venezuelan heavy crude with RIL, whose advanced refinery can process the grade. The US has effectively taken control of Venezuelan oil exports since the capture of President Nicols Maduro in January. RIL has been a major buyer of Venezuelan crude since then, even though rising prices in recent months have made the oil less attractive to other Indian refiners. China was previously the largest buyer of Venezuelan oil, which sold at a steep discount under stringent US sanctions before Washington triggered a change of regime in Caracas.Crude oil prices, currently around $110 per barrel, have pushed US fuel prices higher. Disruptions to energy supplies from the Gulf and attacks on Russian refineries and export facilities have tightened markets, driving up crude and fuel prices.The Trump administration wants the US to dominate the global energy sector and is seeking investment from around the world to boost economic activity and create jobs. The US has refining capacity of about 18.5 million barrels per day, marginally below that of China, the worlds largest refining hub. India ranks fourth, with capacity of 5.35 million barrels per day.Refining capacity in Western economies has gradually shrunk over the decades amid environmental concerns and pressure to curb emissions. RILs proposed US refinery is expected to cater to global markets rather than just domestic demand, while processing mainly shale oil available locally.
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1h
Bond yield rises to 7.44% on higher oil prices, global cues
INDIA MARKET | Thu, 22 Oct 2026, 5:45AM IST
Yields on the 10-year benchmark bond have increased due to high oil prices. The Reserve Bank of India rejected all bids at the treasury bill auction conducted recently. The government aimed to raise 23,000 crores through treasury bill sales but faced significantly higher yield bids. Market analysts indicate a potential 50 basis point hike by the RBI in December.
Continue reading at Economic Times
2h
Jefferies sees valuation upside in select IT stocks despite muted growth forecast
INDIA MARKET | Thu, 22 Oct 2026, 5:44AM IST
Jefferies has identified opportunities for further valuation gains in selected Indian IT stocks. While the sector experienced a sharp rally in October, growth expectations remain muted. Analysts suggest that lack of negative surprises could drive valuations higher. Infosys and TCS were noted for potential rerating, with target prices increased. The worst-case scenario involves stagnant growth beyond fiscal year 2029 for IT companies.
Continue reading at Economic Times
2h
Rupee soars to 6-week high on Jio IPO flows, weaker dollar
INDIA MARKET | Thu, 22 Oct 2026, 5:42AM IST
On Wednesday, the Indian rupee closed at a six-week high of 94.46, gaining 46 paise from its previous close. This increase was driven by strong foreign portfolio inflows linked to the Jio Platforms' IPO. Additionally, the currency's rise was supported by a softer dollar index, which decreased from the previous day. While oil prices rose to over $110 per barrel, the RBI's intervention helped the rupee maintain its strength.
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2h
Indian banks open cheque books for 10,000 crore-plus in M&A funding after RBI rule change
INDIA BUSINESS | Thu, 22 Oct 2026, 5:30AM IST
Indian banks have recently engaged in significant M&A deals after the central bank eased financing rules. State Bank of India and other lenders are now financing up to 75% of deal values. The acquisition-financing market is estimated at nearly 2 lakh crore due to increased demand. Various large transactions include Crystal Crop Protection's acquisition of FMC Corporation's India business and others.
Continue reading at Economic Times
2h
India set to meet 2030 green goals, but UN issues a global warning
INDIA BUSINESS | Thu, 22 Oct 2026, 5:30AM IST
India is expected to meet its 2030 and 2035 climate targets due to ambitious renewable energy initiatives. The UN report highlights the global emissions gap, which needs urgent addressing to limit warming. Current policies may lead to a temperature rise of 2.8 degrees Celsius, indicating insufficient global commitment. However, India's actions stand out, with projects such as the Carbon Credit Trading Scheme showing promise.
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US stocks today: Nasdaq leads Wall Street higher as SpaceX, Super Micro lift AI sentiment
INDIA MARKET | Thu, 22 Oct 2026, 1:45AM IST
US stocks ended higher on Wednesday as SpaceX and Super Micro Computer boosted sentiment around artificial intelligence stocks. The Nasdaq led gains, while strong semiconductor stocks added support. However, weakness in Netflix, AT&T and other communications shares limited the broader advance as investors awaited more major technology earnings.
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5h
Meta raises AI spending forecast to $145 billion, plans new share issue; Q3 revenue beats estimates
INDIA MARKET | Thu, 22 Oct 2026, 1:42AM IST
Meta raised its 2026 capital expenditure forecast to $135 billion-$145 billion to accelerate AI expansion and announced plans for non-voting shares, while reporting stronger revenue amid mounting legal challenges and intensifying competition.
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6h
Tesla Profit Slumps as Elon Musks Car Company Considers Merging With SpaceX
GLOBAL NEWS | Thu, 22 Oct 2026, 1:41AM IST
The carmaker, which is controlled by Elon Musk and is considering merging with another of his companies, SpaceX, spent heavily on artificial intelligence and other new technologies.
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6h
Tesla Earnings Show Profit Declines Amid Talks to Merge With SpaceX
GLOBAL NEWS | Thu, 22 Oct 2026, 1:41AM IST
The carmaker, which is controlled by Elon Musk and is considering merging with another of his companies, SpaceX, spent heavily on artificial intelligence and other new technologies.
Continue reading at The New York Times
6h
RBI flags widening inflation risks, puts rate cuts on ice
INDIA MARKET | Thu, 22 Oct 2026, 1:22AM IST
RBI's Monetary Policy Committee raised the benchmark repo rate by 25 basis points to address rising inflation concerns. Governor Sanjay Malhotra indicated a generalisation of inflation, with many commodities exceeding 4% inflation. Deputy Governor Poonam Gupta highlighted the influence of external supply-side shocks on inflation projections. External members expressed concerns about the implications of an aggressive rate hike on economic growth.
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6h
Slew of Sops to help fuel ships' shift to methanol
INDIA BUSINESS | Thu, 22 Oct 2026, 1:17AM IST
India is considering methanol as the primary fuel option for ships to support a green transition. The government plans to implement tax concessions and flexible compliance to encourage this shift. Officials are analyzing various suggestions to enhance the infrastructure and regulatory environment for methanol usage. Work is already in progress to improve local availability and establish refueling facilities.
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6h
HDFC Bank begins probe into alleged internal data leak
INDIA BUSINESS | Thu, 22 Oct 2026, 1:14AM IST
HDFC Bank is currently investigating potential leaks of confidential information to social media and other outsiders. This internal review aims to assess compliance with the bank's code of conduct and governance standards. The investigation specifically examines communications involving senior management and other sensitive issues. HDFC Bank confirmed the review process after allegations arose regarding two senior executives' involvement.
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6h
'Ease non-tariff curbs to ensure alcohol enters the market freely'
INDIA BUSINESS | Thu, 22 Oct 2026, 1:11AM IST
"The spirit of the free trade agreement is twofold-tariffs and regulations that ensure businesses operate a bit more freely," Ian Duddy, the association's international director, told ET in an interview. "Even with tariffs reduced, the products still get sampled and tested," he said, but added: "Obviously, alcohol and all food products need to be regulated. We're not arguing against that."
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6h
SBI investigates dark web leak of 3.8 lakh records
INDIA BUSINESS | Thu, 22 Oct 2026, 1:10AM IST
State Bank of India is currently investigating a suspected data breach involving customer information found online. The breach reportedly exposed around 375,000 records containing personally identifiable information. SBI activated protocols and engaged cybersecurity experts to assess the extent of the breach. Preliminary analysis revealed that 3,897 customer records included sensitive personal data. Despite this incident, the bank's core business operations and financial performance remain unaffected.
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6h
Fabindia looks beyond its 'heritage' to revive growth and cash flow
INDIA BUSINESS | Thu, 22 Oct 2026, 1:05AM IST
Revenue increased 6.3% to Rs 1,313 crore in the year ended March, while profit before exceptional items and tax surged 24.4% to Rs 131 crore. Net profit fell to Rs 110 crore from Rs 547 crore a year earlier, when earnings included an exceptional gain from sale of stake in Organic India. The divestment marked Fabindia's exit from the organic foods business, leaving it focused on apparel, home furnishings and lifestyle products.
Continue reading at Economic Times
6h
BlackRock expands AI push with new robotics ETF as investor enthusiasm cools
INDIA MARKET | Thu, 22 Oct 2026, 12:56AM IST
BlackRock has launched a new robotics focused ETF as investors become more selective about AI investments. The fund targets companies using intelligent machines across industries such as manufacturing and transportation, adding to a rapidly expanding market of ETFs built around different parts of the AI theme.
Continue reading at Economic Times
6h
INDIA MARKET | Thu, 22 Oct 2026, 12:49AM IST
Named PHP2Shell, the issue stems from the way PHP manages memory.
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6h
'India a rising star in Swiss watch exports market': Franck Muller's Erol Baliyan
INDIA BUSINESS | Thu, 22 Oct 2026, 12:45AM IST
India is poised to rank as the seventh or eighth largest export market for Swiss watches in the upcoming year. The country experienced a 28.5% increase in Swiss watch exports from January to September of 2026. Exports to India during this period were valued at 265 million Swiss francs, indicating strong demand. In contrast, Swiss watch exports to China and the US have declined, affecting other markets.
Continue reading at Economic Times
7h
ArcelorMittal & SA's IDC close in on $610 m deal
INDIA BUSINESS | Thu, 22 Oct 2026, 12:35AM IST
South Africa's Industrial Development Corporation has agreed to acquire ArcelorMittal SA's local unit for about $610 million. This anticipated deal marks a significant intervention by the government in the industrial sector. The transaction aims to complete by the end of this year, pending a shareholder vote. Shares in ArcelorMittal SA saw a substantial increase following this announcement.
Continue reading at Economic Times
7h
US court orders Meta to pay $25 bn for misleading users on data privacy
INDIA BUSINESS | Thu, 22 Oct 2026, 12:15AM IST
A New Mexico judge ordered Meta to pay $25 billion after a jury found 43 million violations of state consumer protection laws linked to the Cambridge Analytica data privacy scandal.
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