Jio among worlds top five telcos, with a digital edge
INDIA MARKET | Thu, 29 Oct 2026, 7:20AM IST
Jio Platforms made its public listing in India, achieving a market cap of $137.3 billion. This valuation positions it as the fifth-largest telecom company worldwide, surpassing Deutsche Telekom. Global competitors like China Mobile and Verizon continue to lead in market capitalization. Jio's valuation reflects its advanced 4G and 5G networks, which differ from legacy infrastructures of global giants.
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Jio Platforms draws bullish bets, analysts see up to 28% upside
INDIA MARKET | Thu, 29 Oct 2026, 7:14AM IST
Four brokerages have begun coverage on Jio Platforms just before its upcoming listing with favorable ratings. Nomura, Motilal Oswal Securities, and Elara Capital issued 'Buy' ratings indicating significant upside potential. Dolat Capital provided an 'Accumulate' rating with a higher target price suggesting a 28% increase. Analysts believe Jio Platforms may influence tariffs in the telecom industry substantially.
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MSCI puts Polycab India removal on hold
INDIA MARKET | Thu, 29 Oct 2026, 6:47AM IST
MSCI has decided to delay the removal of Polycab India from its indices amid insolvency uncertainty. The company was placed on the Insolvency Resolution Process board on October 7. However, the National Company Law Appellate Tribunal stayed the companys admission to the insolvency process on October 9. MSCI continues to monitor the status of Polycab India and any related orders from the NCLAT.
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MSCI puts Polycab exit on hold amid insolvency case uncertainty
INDIA MARKET | Thu, 29 Oct 2026, 6:47AM IST
MSCI has decided to delay the removal of Polycab India from its indices amid insolvency uncertainty. The company was placed on the Insolvency Resolution Process board on October 7. However, the National Company Law Appellate Tribunal stayed the companys admission to the insolvency process on October 9. MSCI continues to monitor the status of Polycab India and any related orders from the NCLAT.
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Persistent Systems to raise Rs 6,000 crore via NCDs for Nagarro deal
INDIA MARKET | Thu, 29 Oct 2026, 6:41AM IST
Persistent Systems plans to raise more than 6,000 crore through non-convertible debentures for its Nagarro SE acquisition. The company successfully completed a QIP earlier this week, raising 4,264 crore. NCDs will range from one to five years, averaging three years in maturity. Persistent secured 94% of Nagarro shares after receiving shareholder offers this month. The total acquisition value is around $1.25 billion, with additional debt financing to be arranged.
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Patna to raise Rs 200 crore via municipal bonds
INDIA MARKET | Thu, 29 Oct 2026, 6:33AM IST
The Patna Municipal Corporation is set to launch 200 crore worth of municipal bonds, with bids opening on October 30. This move marks Bihar's inaugural bond issuance, sparking renewed enthusiasm for municipal bonds. Meanwhile, Kanpur Nagar Nigam is also gearing up to issue 125 crore soon. Early interest from investors like HUDCO and NaBFID indicates a growing momentum in the bond market, supported by governmental efforts to boost urban financing.
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Nike launches exclusive running shoe for India
INDIA NEWS | Thu, 29 Oct 2026, 6:30AM IST
NEW YORK - Nike unveiled on Wednesday its first-ever running shoe designed specifically for India, marking the sportswear giant's latest bid to reach shoppers in the world's most populous country as it grapples with a sales slump in other key regions including China.The shoe, dubbed Vegam Run, follows Nike's announcement earlier this month that it plans to open a new campus in India, where it is seeking to make inroads amid a running boom.The running shoe is set to be released on India's e-commerce marketplace Flipkart on November 1, priced at 3,795 (roughly $40). It was developed in about five months, Nike said.CEO Elliott Hill, two years into his tenure, is betting on a revamped product pipeline to turn around the struggling sportswear juggernaut, which analysts say will hinge in large part on locally led designs in key markets.Nike is trying to push into India at a time when China, historically a profit driver for the company, continues to show particular weakness. Sales in China, which account for about 15% of Nike's annual revenue, have fallen for nine consecutive quarters as international rivals and domestic sportswear groups gain traction.Shares have tumbled more than 40% so far this year. But Nike's global running business has emerged as a bright spot, growing by double digits for six consecutive quarters."Our Nike performance business is not yet large enough to offset the pressure we're seeing in Nike sportswear, Jordan brand, and Greater China," Hill warned analysts this month after the company projected a surprisingly steep drop in full-year revenue.
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Nike deepens India push with first-ever exclusive running shoe, seeks fresh growth engines
INDIA BUSINESS | Thu, 29 Oct 2026, 6:30AM IST
Nike has unveiled its first running shoe specifically designed for the Indian market. The shoe, named Vegam Run, will be available on Flipkart starting November 1. This move aims to boost Nike's presence in India as it faces challenges in other markets. The company has also announced plans to open a campus in India to support its growth.
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Global Market Today: Asian shares edge higher as investors assess tech earnings, Fed outlook
INDIA MARKET | Thu, 29 Oct 2026, 6:26AM IST
Nasdaq 100 Index futures dropped 0.9% and contracts for the S&P 500 slipped 0.4% as Alphabet slumped 10% in extended trading after the Google parents sales underwhelmed. MSCI Inc.s Asia Pacific equities gauge climbed 0.3%, led by gains in Japans Nikkei 225 and South Koreas Kospi indexes.
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Jio Platforms shares surge 21% on debut, overtake Airtel in market cap
INDIA MARKET | Thu, 29 Oct 2026, 6:25AM IST
Jio Platforms made a remarkable entrance in the stock market, soaring 21.4% above its IPO price on the first day of trading. Closing at 1,417.35, the stock surpassed Bharti Airtel in market capitalization. With a staggering 22 times oversubscription, the IPO attracted considerable institutional backing. At the launch event, executive director Anant Ambani recognized the invaluable support from millions of subscribers.
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1h
Gold FoF inflows face curbs: What should investors do now?
INDIA MUTUAL FUNDS | Thu, 29 Oct 2026, 6:06AM IST
Several mutual fund houses have temporarily stopped accepting fresh investments in gold fund-of-funds, impacting investors. These changes affect new lump-sum investments, SIP registrations, and switch-ins, leading to uncertainty. Gold fund-of-funds invest in Gold ETFs rather than physical gold, providing easier access for retail investors. For those unable to invest in gold fund-of-funds, Gold ETFs remain a viable option with no current restrictions.
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1h
Gold FoF Curbs: What investors can do now?
INDIA NEWS | Thu, 29 Oct 2026, 6:06AM IST
Several mutual fund houses have temporarily stopped accepting fresh investments into gold fund-of-funds (FoFs), leaving investors wondering whether they can continue investing through existing SIPs and what alternatives are available. Here is what the restrictions mean and what investors can do if they still want exposure to gold.WHAT ARE GOLD FUND-OF-FUNDS (FOFs), AND HOW DO THEY WORK?Gold FoFs are mutual fund schemes that invest in Gold ETFs rather than buying physical gold directly.When an investor puts money into a Gold FoF, the fund manager uses that money to purchase units of a Gold ETF. The Gold ETF, in turn, invests in physical gold. As a result, a Gold FoFs value generally moves in line with gold prices.They offer a simple way to invest in gold through the mutual fund route without needing a demat account. Investors can buy and redeem units like any other mutual fund scheme while gaining exposure to changes in gold prices.WHY HAVE SOME MUTUAL FUND HOUSES RESTRICTED FRESH INVESTMENTS IN GOLD FOFs?Several fund houses have temporarily stopped accepting fresh investments in Gold FoFs from mid-October. The restrictions include fresh lump-sum investments, new SIP registrations and switch-ins, though they differ across schemes.While fund houses have not disclosed specific reasons behind the move, industry participants believe it may be linked to concerns over rising gold imports and strong inflows into gold investment products. As these ETF units are backed by physical gold, sustained inflows into such products can translate into higher demand for imported gold.Read more: Best gilt mutual funds to invest in October 2026CANT INVEST IN A GOLD FOF? WHAT ARE THE OTHER OPTIONS?Gold ETFs are one of the closest alternatives for investors seeking exposure to gold through market-linked investments. While there are restrictions on fresh investments in several Gold FoFs, there are none on their ETFs.Read more: Top 8 equity MFs offer double-digit gains on SIP investments since last Diwali. Do you own any?HOW ARE GOLD ETFs DIFFERENT FROM GOLD FOFs?Gold FoFs are generally more convenient for retail investors because they can be bought and redeemed like any other mutual fund scheme without requiring a demat account. Gold ETFs can only be bought and sold through a demat and trading account.Gold ETFs typically have lower costs because investors bear only the ETFs expense ratio. In a Gold FoF, investors indirectly bear the expenses of both the FoF and the underlying ETF.Liquidity also differs. Gold ETFs can be bought and sold on stock exchanges during market hours, while Gold FoFs are purchased and redeemed at the days closing net asset value (NAV), like regular mutual funds.However, unlike Gold FoFs, their ETFs do not offer the convenience of a mutual fund SIP. Though many brokers have SIP facilities for buying ETFs and stocks, they are perceived to be relatively less user-friendly. Also, not all ETFs are liquid. Some of them might be trading at a premium to the ETFs NAV.
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Rupee closes weaker at 95.22 as traders await US Fed decision, oil prices rise
INDIA MARKET | Thu, 29 Oct 2026, 6:03AM IST
The Indian rupee closed at 95.22, reflecting a minor drop attributed to ongoing market pressures. With traders exercising caution ahead of the critical decision from the US Federal Reserve, the prevailing demand for dollars and high oil prices are weighing on the currency's stability. Throughout the trading session, the rupee oscillated between 95.25 and 95.00, with the Reserve Bank of India likely stepping in to prevent further declines beyond 95.25.
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1h
Rupee weakens on dollar demand, elevated crude oil prices
INDIA MARKET | Thu, 29 Oct 2026, 6:03AM IST
The Indian rupee closed at 95.22, reflecting a minor drop attributed to ongoing market pressures. With traders exercising caution ahead of the critical decision from the US Federal Reserve, the prevailing demand for dollars and high oil prices are weighing on the currency's stability. Throughout the trading session, the rupee oscillated between 95.25 and 95.00, with the Reserve Bank of India likely stepping in to prevent further declines beyond 95.25.
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INDIA MARKET | Thu, 29 Oct 2026, 6:00AM IST
Indian equities ended lower on Wednesday, primarily driven by selling in heavyweight stocks. Information technology and oil and gas shares experienced significant declines, falling more than 2%. The Nifty 50 index settled at 22,699, down 51 points, indicating ongoing resistance at 22,800. Several companies, including Jio Platforms and Hero MotoCorp, reported their quarterly earnings that impacted market sentiment.
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1h
RBI accepts 20 bps higher treasury bill cutoff yields than last auction
INDIA MARKET | Thu, 29 Oct 2026, 5:57AM IST
The Reserve Bank of India has increased the cut-off yields for treasury bills after canceling a prior auction. Yields of the 91-day, 182-day, and 364-day bills experienced a significant rise. While system liquidity has dropped compared to last month, it still remains in a positive state. Traders are bracing for additional hikes as they face liquidity constraints and high oil prices, with the 10-year yield standing at 7.
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1h
Sensex, Nifty fall as IT stocks slide, rising oil prices weigh
INDIA MARKET | Thu, 29 Oct 2026, 5:51AM IST
Indian equity markets took a hit on Wednesday, primarily due to declines in the IT sector and escalating crude oil prices. Both the Sensex and Nifty closed lower, showcasing investors' cautious mood amidst significant intraday drops. Key downturns were influenced by Reliance Industries along with various IT stocks, but the auto sector and select banking stocks sparked some buying activities that alleviated part of the losses.
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1h
Sebi to review FPI rules, align with global norms
INDIA MARKET | Thu, 29 Oct 2026, 5:49AM IST
The Securities and Exchange Board of India is set to release a consultation paper aimed at refining compliance requirements for foreign portfolio investors. Chairman Tuhin Kanta Pandey highlighted the progress in the onboarding of international funds while pointing out the heavy compliance burden in India. Sebi is also considering the possibility of self-listing for stock exchanges despite the challenges that may arise.
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1h
Fed holds rates, says data will guide next move
INDIA MARKET | Thu, 29 Oct 2026, 5:48AM IST
In their latest meeting, Federal Reserve officials decided to keep interest rates steady, reflecting a measured approach towards inflation concerns. Not all agreed, however; two officials pushed for an increase to counteract growing prices. Current economic indicators reveal robust growth, driven by increased consumer spending and investment. Analysts are keenly awaiting upcoming inflation data to better gauge the Fed's policy direction, which aims for a 2 percent inflation target.
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1h
HUL sales rise 15% to hit 14-quarter high, but inflation clouds demand outlook
INDIA BUSINESS | Thu, 29 Oct 2026, 5:30AM IST
Hindustan Unilever posted a turnover of 18,071 crore for the September quarter, highlighting a 15% rise. Even with a price increase of 7.5%, the company's volume growth remained stable at 7%. Homecare emerged as the standout performer, boasting a robust 22% sales growth. Earnings before interest, tax, depreciation, and amortisation climbed to 4,089 crore, an 8% boost. However, ongoing inflation and wage issues in rural sectors pose significant challenges.
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1h
AI-powered cyberattacks siphon 300 crore from small NBFCs in two months
INDIA BUSINESS | Thu, 29 Oct 2026, 5:30AM IST
Recent cyberattacks have inflicted an estimated loss of 300 crore on India's non-banking financial companies, with around 150 fraud cases reported. Focus has shifted towards identifying Chinese hacking platforms and AI toolkit involvement in these incidents. Exploiting operational weaknesses, these cybercriminals persistently launch their attacks, leading to urgent calls for NBFCs to bolster their cybersecurity frameworks to fend off further threats and safeguard their operations.
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1h
Tractor demand drying to likely 3-year low at arid farms
INDIA BUSINESS | Thu, 29 Oct 2026, 5:30AM IST
Tractor sales are projected to fall by up to 10% year-on-year, while vehicle dealers in some markets are also seeing sharp declines in sales of entry-level cars and two-wheelers. Tractor sales were up 8% to 610,000 units in the first half of the current year from a year-ago period, according to Tractor and Mechanisation Association. The pressure is also visible in entry-level motorcycles and cars, which have a large rural market.
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1h
Weil Gotshal, Once a Legal Powerhouse, Plans to Dissolve
GLOBAL NEWS | Thu, 29 Oct 2026, 3:27AM IST
The prominent law firm has been rocked by an exodus of high-profile lawyers, a failed succession plan and a scuttled deal to merge with a rival firm.
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4h
Jio Platforms lists on NSE as 3,138th company, making Ambani family proud with a 21.36% surge
INDIA BUSINESS | Thu, 29 Oct 2026, 3:22AM IST
Jio Platforms became the 3,138th company to list on the NSE after a significant public offering. The listing resulted in a notable 21.36% increase, making Jio the second most valuable Indian company. Mukesh Ambani expressed strong emotions as he witnessed his children outline their vision for the future. Following the listing ceremony, the family visited a temple and celebrated with a drone show.
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4h
CNN, MS Now and Politico Update Lawsuit Against Trump Over White House Access
GLOBAL NEWS | Thu, 29 Oct 2026, 2:17AM IST
The news outlets argued in an updated lawsuit that they should be granted access to the White House reporting pools.
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5h
CNN, MS NOW and Politico Escalate Legal Battle for White House Access
GLOBAL NEWS | Thu, 29 Oct 2026, 2:17AM IST
The news outlets argued in an updated lawsuit that they should be granted access to the White House reporting pools.
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5h
Fed Holds Rates Steady Despite Lack of Progress on Inflation
GLOBAL NEWS | Thu, 29 Oct 2026, 2:08AM IST
Kevin M. Warsh, the chairman of the Federal Reserve, said an information-rich period before the central banks gathering in December will help officials determine next steps for policy.
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5h
Weil Gotshal, Once A Legal Powerhouse, Plans to Dissolve
GLOBAL NEWS | Thu, 29 Oct 2026, 1:57AM IST
The prominent law firm has been rocked by an exodus of high profile lawyers, a failed succession plan and a scuttled deal to merge with a rival firm.
Continue reading at The New York Times
5h
US stocks today: US stocks end higher as Fed holds rates; focus turns to earnings
INDIA MARKET | Thu, 29 Oct 2026, 1:44AM IST
US stock markets ended on a high note after the Federal Reserve opted to maintain current interest rates while gauging the economic landscape. A notable resurgence in chipmakers, fueled by strong results from SK Hynix, played a key role in this upward momentum. Analysts are now speculating a significant chance of a rate hike in December.
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5h
US stocks today: US stocks end higher as Fed holds rates, earnings in focus
INDIA MARKET | Thu, 29 Oct 2026, 1:44AM IST
US stock markets ended on a high note after the Federal Reserve opted to maintain current interest rates while gauging the economic landscape. A notable resurgence in chipmakers, fueled by strong results from SK Hynix, played a key role in this upward momentum. Analysts are now speculating a significant chance of a rate hike in December.
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5h
Fed Will Hold Fewer Rate-Setting Meetings Starting Next Year
GLOBAL NEWS | Thu, 29 Oct 2026, 1:32AM IST
Kevin M. Warsh, the Federal Reserves chairman, said the central bank would vote on interest rates seven times in 2027 and six in 2028. It has traditionally voted eight times per year.
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5h
Foreign Airlines, Adani Airports deadlocked over Mumbai Airport shift
INDIA BUSINESS | Thu, 29 Oct 2026, 1:25AM IST
A meeting on Wednesday between Adani Airports that controls both Mumbai and Navi Mumbai airports and foreign carriers ended without an agreement after around 90 minutes of discussions. About 50 executives representing almost all the 45 airlines in Mumbai's Airline Operators' Committee attended the meeting, people familiar with the matter said. Airlines sought further details before committing to the move.
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6h
Anthropic Is Said To Plan UK Share Offering Via RetailBook
INDIA MARKET | Thu, 29 Oct 2026, 1:25AM IST
Anthropic will follow Elon Musk's SpaceX in bypassing the need for a UK prospectus by using the country's "public offer platform."
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6h
INDIA MARKET | Thu, 29 Oct 2026, 1:20AM IST
US Fed Meeting Live Updates: Track the Fed's rate decision, Kevin Warsh's comments and the impact on the US dollar, Wall Street and global markets.
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6h
Fed's Kevin Warsh says US economy not running too hot from AI boom
INDIA MARKET | Thu, 29 Oct 2026, 1:18AM IST
Federal Reserve Chairman Kevin Warsh said on Wednesday that the US economy is not running too hot despite some demand pressures from the boom in AI investment, adding
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6h
Akasa Air hikes pilots' salaries by up to 15% to retain them
INDIA BUSINESS | Thu, 29 Oct 2026, 1:17AM IST
The revised pay structure will take effect January 1, 2027, with fixed monthly salaries increasing across all eight pilot grades, from first officers to designated examiners.
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6h
INDIA MARKET | Thu, 29 Oct 2026, 1:16AM IST
US Fed Verdict: Kevin Warsh kept the benchmark policy rate steady at 3.75-4%
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