Jio IPO attracts Rs 70,000 crore in bids on day 1, outpaces LIC, NSE issues

Economic Times - Oct 22, 2026

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.

Read full article
More News
'First time in long time, we're maybe close to deal': Trump on Ukraine conflict
Oct 22, 2026
'First time in long time, we're maybe close to deal': Trump on Ukraine conflict

Speaking to reporters before departing the White House for South Carolina, Trump highlighted the delicate state of peace discussions, arguing that imposing additional economic penalties could derail diplomatic momentum.

Ukraine's Zelenskiy hopes for new talks with Russia, US by early November
Oct 22, 2026
Ukraine's Zelenskiy hopes for new talks with Russia, US by early November

President Volodymyr Zelenskiy announced Ukraine's support for a trilateral meeting with the United States and Russia. He indicated that this meeting should occur as soon as possible, ideally by early November. Zelenskiy stated the Ukrainian side is in contact with American partners to facilitate this discussion. Meanwhile, Russian President Vladimir Putin has expressed willingness to resume US-mediated peace talks next month.

Aditya Birla AMC Q2 net profit dips 8.4% to Rs 221 crore
Oct 22, 2026
Aditya Birla AMC Q2 net profit dips 8.4% to Rs 221 crore

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.

INDIA bloc leaders to hold online meeting on Thursday, roadmap for 'vote chori' protests on agenda
Oct 22, 2026
INDIA bloc leaders to hold online meeting on Thursday, roadmap for 'vote chori' protests on agenda

An online meeting of the INDIA bloc is scheduled for Thursday evening to plan protests regarding the vote chori issue. Congress President Mallikarjun Kharge will lead the meeting and review rally preparations for November 1. Recently, opposition leaders and activists protested against electoral roll irregularities, which escalated to the Supreme Court. Rahul Gandhi hosted leaders for tea to discuss continuing the protest efforts against vote theft.

US orders some diplomats to leave Saudi Arabia as fears of escalating Houthi attacks rise
Oct 22, 2026
US orders some diplomats to leave Saudi Arabia as fears of escalating Houthi attacks rise

The United States has ordered some diplomats and their families to leave Saudi Arabia due to increasing tensions. This decision follows attacks by Yemen's Iran-supported Houthi rebels on critical infrastructure in Saudi Arabia. The U.S. Embassy in Riyadh has been operating under restricted staffing, and travel alerts have been issued for government personnel. Meanwhile, drone attacks in Saudi Arabia continue to create security concerns and disrupt operations.

Why is the RBI pulling liquidity out of banks and injecting it back again?
Oct 22, 2026
Why is the RBI pulling liquidity out of banks and injecting it back again?

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.

Missiles strike Ukraine's Kyiv after Russia agrees to US call to resume Ukraine peace talks
Oct 22, 2026
Missiles strike Ukraine's Kyiv after Russia agrees to US call to resume Ukraine peace talks

Missiles struck Kyiv early Thursday, following a previous evening air strike that injured six people. In Lipetsk, a drone attack resulted in damage to apartment buildings and a medical facility. US presidential envoy Steve Witkoff recently engaged in talks with President Volodymyr Zelenskiy and President Vladimir Putin. These discussions aim to mediate an end to the ongoing conflict initiated by Russia's invasion in 2022.

Beijing hits out after Taipei bans mainland travel for Sun Yat-sen anniversary
Oct 22, 2026
Beijing hits out after Taipei bans mainland travel for Sun Yat-sen anniversary

A fresh dispute has erupted between Beijing and Taipei over commemorations for Sun Yat-sen, a Chinese revolutionary hero who is revered on both sides of the Taiwan Strait. Beijing on Wednesday lashed out at Taipei’s move to ban Taiwanese officials from attending events in the mainland Chinese capital marking the 160th anniversary of Sun’s birth on November 12. Sun brought an end to more than 2,000 years of imperial rule when he founded the Republic of China (ROC) in 1912, and he also founded the...

Global Market Today: Asian stocks mixed as oil rally, AI concerns weigh on sentiment
Oct 22, 2026
Global Market Today: Asian stocks mixed as oil rally, AI concerns weigh on sentiment

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 automaker’s 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.

'Will not take down Indian Flag': Priyanka Gandhi's son alleges 'protest' photos pulled down at Bikaner House exhibition
Oct 22, 2026
'Will not take down Indian Flag': Priyanka Gandhi's son alleges 'protest' photos pulled down at Bikaner House exhibition

A controversy erupted at Delhi's Bikaner House during a solo exhibition of the son of Congress leader Priyanka Gandhi Vadra, Raihan Vadra, when several documentary photographs of the recent protests were removed from display just hours before the grand opening.

'Will not take down Indian Flag': Priyanka Gandhi's son alleges 'protest' photos pulled down at Bikaner House exhibition
Oct 22, 2026
'Will not take down Indian Flag': Priyanka Gandhi's son alleges 'protest' photos pulled down at Bikaner House exhibition

A controversy erupted at Delhi's Bikaner House during a solo exhibition of the son of Congress leader Priyanka Gandhi Vadra, Raihan Vadra, when several documentary photographs of the recent protests were removed from display just hours before the grand opening.

Recommended
Copyright © 2015 - 2026 The Financial Capital.

All Rights Reserved.

Subscribe Now!

About Us

The Financial Capital is your independent source for finance information and advice. We provide insights and offer advice from financial experts so you can make the best decisions.