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Jio Platforms IPO: Rs 37,700 crore issue likely to open on Oct 21
Jio Platforms is preparing to launch what is anticipated to be India's largest initial public offering. Scheduled around Dussehra, the IPO is estimated at $4 billion and will likely occur later this month. The company aims to complete its IPO process, including listing, before October 30. Proceeds from the IPO will primarily be used for prepaying borrowings and general corporate purposes.
Kalyan Jewellers shares gain 2% as Q2 revenue grows 26% YoY, firm records 20% same-store-sales growth
Kalyan Jewellers reported over 26% consolidated revenue growth in Q2 FY27, supported by strong Indian operations and approximately 20% same-store sales growth. International revenue rose 18%, while its lifestyle brand Candere grew 64%. The company expanded its showroom network, reduced non-GML debt to zero and expressed optimism about the festive and wedding season.
Titan Company shares fall 4% after Q2 business update. What is Nomura saying?
Titan Company reported 25% year-on-year growth across its consumer businesses in Q2FY27, led by jewellery, watches and EyeCare. Nomura retained its Buy rating, citing strong growth visibility despite high jewellery sales bases and elevated gold prices.
Trent surges 13% to 2-year high after strong Q2 update
Trent, the prominent Tata Group retailer, experienced a notable spike in share prices as it unveiled impressive second-quarter results. The company reported a significant 23% year-on-year revenue growth, amounting to ₹5,788 crore. This development led brokerages to enhance their forecasts and issue favorable ratings. Additionally, Trent celebrated the launch of its 1,000th Zudio store, reflecting productivity gains.
India luxury car sales rise 10% in 2026 as Mercedes-Benz, BMW see strong EV demand
The surge in luxury vehicle sales in India stems from an urgent need for replacements and a trend towards electrification. Mercedes-Benz India has celebrated its strongest quarterly sales to date, fueled by solid macroeconomic trends. Anticipating a future dominated by electric vehicles, the company reports escalating demand. Meanwhile, BMW India sees a similar enthusiasm among its clientele, marking a continued positive trajectory for the luxury car market in 2023.
Honasa Consumer shares jump 7% as Q2 operating update points to strong growth
Honasa Consumer shares rallied after the company projected strong Q2 FY27 operating performance, with net sales growth expected in the early thirties, improving margins and continued traction across brands and offline channels.
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Reliance Industries shares gain 3% as JIO IPO inches closer; Jefferies increases weight in conglomerate
Reliance Industries is preparing for the IPO of Jio Platforms scheduled to launch on October 21. The valuation of Jio Platforms is reported at Rs 11 lakh crore, making it highly anticipated. The public issue is expected to attract significant attention as it opens for subscription. Jefferies has raised its weight on Reliance Industries due to attractive valuations amid improving conditions.
Swara Baby gets Sebi nod for Rs 1,000 crore IPO as hygiene products maker eyes expansion
Swara Baby Products has received approval from Sebi to proceed with its Rs 1,000 crore IPO. The IPO includes a fresh issue of equity shares and an offer for sale by promoters. Proceeds will be used for expanding a manufacturing facility and repaying borrowings among other corporate purposes. Founded in 2018, Swara Baby manufactures a range of disposable hygiene products for different consumer needs.
Ambani’s Jio said to seek about Rs 11 lakh crore valuation in IPO
Jio Platforms is reportedly seeking a valuation of around Rs 11 lakh crore for its planned IPO, below earlier estimates of up to $170 billion. The telecom and digital services arm of Reliance Industries could launch the issue in the week of October 19 and list before October 30, Bloomberg reported.
Honasa Consumer shares jump 7% as Q2 operating update points to strong growth
Honasa Consumer shares rallied after the company projected strong Q2 FY27 operating performance, with net sales growth expected in the early thirties, improving margins and continued traction across brands and offline channels.
Consumer demand revives, but D-Mart shares plunge amid e-commerce fears
Consumer demand gained momentum for companies like Marico and Godrej Consumer Products in the second quarter. Retailers including D-Mart and V-Mart Retail showed strong sales growth, although D-Mart's shares declined significantly. Marico reported a double-digit volume growth, while Godrej tracked revenue growth in the teens despite inflationary risks. Nykaa experienced robust growth in its beauty and fashion segments during the quarter.
Expecting a bonus, stock compensation or property sale in 2026? Check your withholding before a surprise tax bill in 2027
A bonus, stock compensation or property sale can change your 2026 tax picture. Here’s what taxpayers should know about withholding, estimated taxes and taxable income before the year ends, and why reviewing payments now could help avoid an unexpected tax bill when filing next year.
German robot startup RobCo hits $1 billion valuation, CEO moves to US
German robotics maker RobCo on Monday said it had passed a $1 billion valuation and that its CEO Roman Holzl had relocated to the United States to focus on the company's fastest-growing market.
Mercedes-Benz India sales rise 8 pc in January-September 2026
Mercedes-Benz has not only reached but surpassed its previous sales records in India, achieving 15,190 units sold during the January-September window of 2026. This reflects an 8 percent year-over-year growth. In the third quarter alone, sales rose to 5,422 vehicles, representing a 6 percent increase from 2025. The brand's success is driven by strong demand across luxury segments, and they expect this trend to continue through the festive season.
After Ahmedabad, Diljit Dosanjh Aura Tour 2026 announced in six more Indian cities: Check ticket sale dates, concert venues, special offers and where to buy
The Aura World Tour is coming to India, with Diljit Dosanjh set to perform across seven cities in November and December. After Ahmedabad was announced as the tour’s India debut, six more stops have now been added, while Chandigarh remains without a date. Here’s the complete city-wise schedule, ticket sale details, RuPay pre-sale information and venue updates fans need to know.
Australia's Firmus to allocate half of up to $5.5 billion IPO to existing investors, sources say
Firmus, the Australian data centre operator, is gearing up for a noteworthy initial public offering worth $5.5 billion. In a strategic move, the company plans to distribute half of this capital to selected existing investors. Expected to commence trading on the Australian Securities Exchange on October 23, shares will be priced at A$11.
Runwal Enterprises shares to list today; check GMP and key details ahead of debut
Runwal Enterprises shares are set to list on the BSE and NSE with a zero GMP, indicating expectations of a flat debut near the IPO price of Rs 305. The Rs 500-crore IPO, entirely a fresh issue, was subscribed 2.64 times, led by QIB and NII demand at 4.10 times and 4.14 times, respectively, while the retail portion was subscribed 1.19 times.
Irish company tax ruling offers capital gains relief hope to foreign investors
In a noteworthy decision, the Income Tax Appellate Tribunal has exempted Fireeye, an Irish company, from capital gains tax on an indirect transfer, setting it apart from a recent Supreme Court ruling involving Tiger Global. This ruling has stirred discussions about the effectiveness of tax residency certificates for foreign investors.
Paramount Syntex subscribed 1.3 times on day 2 of bidding; QIB book hits 119 times
Paramount Syntex's Rs 82-crore IPO was subscribed 1.35 times on the second day of bidding on the BSE SME platform. The issue received bids for 82.39 lakh shares against 61.17 lakh shares on offer. The QIB portion was subscribed 119.29 times, while the retail and NII portions saw 10% and 2% subscription, respectively. The IPO closes on October 6.
Vedanta Power sales jump 26% to 5,593 million units in Q2
Vedanta Power Ltd experienced a significant 26% rise in power sales during the second quarter of this fiscal year. The company's Meenakshi Energy plant saw a remarkable 111% year-on-year increase in power sales. Additionally, the Jharsuguda Thermal Plant achieved a 186% rise in power sales, reflecting better availability and performance.
Shephertz unveils three AI models for defence, space, constrained devices
ShepHertz has unveiled three AI model families named Tatva, Sanjaya, and Drashta, designed for various applications. These models can operate fully offline on devices ranging from satellites to smart rings. They are part of the AgentAnywhere sovereign AI platform and run on constrained hardware. The company is also launching its trust toolchain under the Apache 2.0 license for better verifiability.
Bajaj Finance set to mop up Rs 17,500 crore via QIP, warrants
Bajaj Finance intends to raise ₹17,500 crore through share sales and warrants to fuel its growth. The company's board approved plans for ₹11,700 crore via a qualified institutional placement and ₹5,800 crore through warrants for its promoter. A shareholder meeting will be convened to approve the proposed QIP. This marks the first major fundraising effort since the previous capital raise in November 2023.
Investors’ bets on Ola shrink as EV, ride-hailing businesses lose ground
As competition intensifies, SoftBank Group and fellow investors in Ola are grappling with a substantial reduction in their holdings' valuations. Ola Cabs is increasingly losing ground to competitors like Rapido and Uber, alongside a notable decline in Ola Electric's electric two-wheeler market share. While the company confronts financial hurdles and operational setbacks, a number of investors successfully realized returns through strategic share sales prior to value drops.
Carlsberg India unit, 3 other firms get Sebi nod to proceed with IPO plans
Sebi has provided observations for the IPOs of Carlsberg India, Matangi Rubber, Ujin Pharma, and TMC Transformer. Carlsberg's filing is under wraps, with specifics to be announced later. Matangi Rubber intends to issue 57.61 lakh new shares, complemented by an offer for sale. Ujin Pharma is looking to offer 1.18 crore shares, and TMC Transformer targets a substantial Rs 550 crore IPO, consisting solely of new issues.
EV boom gathers pace as electric car sales jump 95% on fuel prices, new models
India's electric vehicle market recorded substantial growth in September, with sales reaching 34,894 units. This represents a 95% increase compared to last year's figures. Tata Motors maintained its market leadership with a 42.2% share, while Mahindra followed with 22.2%. Interestingly, newer entrants like VinFast and Maruti Suzuki captured significant market shares within a short span.
Tata Motors PV shares fall over 3% despite 40% Q2 sales growth; Nifty Auto index down over 4%
Tata Motors Passenger Vehicles shares dipped on Thursday despite a 40% year-on-year rise in Q2 FY27 sales, while the Nifty Auto index declined more than 4%. The company reported strong growth across passenger vehicles and EVs, with quarterly EV sales rising 90%. Investors are now watching festive-season demand and broader auto-sector trends.
Two tractor stocks: Escorts Kubota shares fall 6%; VST Tillers shares rally 5% after September sales
Escorts Kubota shares fell sharply on Thursday after September tractor sales declined 16.7% year-on-year, while VST Tillers shares rose 5% as total sales jumped 33%. Escorts cited a high base, festive season shift, patchy monsoon and lower Kharif sowing. Brokerages expect rural demand, festive buying and improving liquidity to support auto-sector volumes.
MTNL shares rally 17% as board approves Rs 892 crore Powai property sale amid debt worries
MTNL shares rose sharply after the company’s board approved the sale of its Powai property in Mumbai to the Income Tax Department for Rs 891.53 crore. The asset monetisation comes as the debt-laden PSU seeks to reduce liabilities, which stood at around Rs 40,000 crore in FY26, according to the government.
Bajaj Auto shares crash 9%, M&M hits 52-week low after September auto sales data. What went wrong?
Shares of Bajaj Auto and Mahindra & Mahindra (M&M) came under pressure after their September auto sales data, with Bajaj Auto falling nearly 9% and M&M hitting a fresh 52-week low. Bajaj Auto reported a 12% decline in domestic two-wheeler sales, although a 34% jump in exports lifted overall two-wheeler sales by 5% year-on-year to 4.51 lakh units.
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