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Business

India's Domestic Funds Push Down IPO Valuations in 2026

India's domestic funds are exerting significant influence on IPO pricing, driving down valuations even for large deals amid a struggling stock market. The median price-to-book ratio for IPOs raising over 10 billion rupees fell to 7.4 times in 2026 from 10.2 times in 2025. This shift reflects local funds' growing power to demand discounts as foreign selling persists and market uncertainties rise.

Mint Markets·3h ago

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Politics

Delhi NIA Court Frames PMLA Charges Against Yasin Malik, Six Others

A Special NIA Court in New Delhi has ordered framing of charges under the Prevention of Money Laundering Act (PMLA) against separatist leader Yasin Malik and six others. They are accused of receiving foreign funds from Pakistan via hawala channels. The Enforcement Directorate alleges proceeds of crime totaling Rs 8,94,87,639 were generated and received by the accused, including Zahoor Ahmed Shah Watali and others.

Zee News Hindi·5m ago·New Delhi

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World

Flydubai Flight Faces Mid-Air Emergency, Lands Safely in Saudi Arabia

A Flydubai flight to Israel experienced a mid-air emergency after a cockpit dispute triggered distress signals and a hijack alert. Flight FZ1073 requested an emergency landing at Tabuk Airport, Saudi Arabia, and activated Code 7500, signaling hijacking. The plane landed safely with no injuries. Israeli officials confirmed it was not a hijacking. The incident unfolded between 8:44 am and 10:00 am on Wednesday.

News18 World·29m ago·Tabuk

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Sports

Nitesh Siwach Eyes Historic Asian Games Greco-Roman Gold

Nitesh Siwach is one win away from securing India's first-ever Asian Games gold in Greco-Roman wrestling after reaching the men's 97kg final with a technical-superiority win over Mongolia's Gankhuyang Ganbaatar. He will face home favorite Yuri Nakazato. Mansi Ahlawat will compete for bronze in the women's 62kg category. Sumit and Aman Baroniya were eliminated in the quarterfinals.

HT Sports·32m ago·Nagoya

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Business

Sensex Trades Flat, Nifty Below 22,600 Amid Geopolitical Tensions

The Indian stock market opened volatile with Sensex trading flat and Nifty below 22,600 due to renewed geopolitical tensions between the US and Iran and rising crude oil prices. The Gift Nifty traded around 22,607, nearly 100 points below the previous Nifty futures close. Auto and cement sectors were the top drags on the market on October 1, 2026.

NDTV Business·25m ago

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Technology

Delhi Approves AI-Based Intelligent Traffic Management System

The Cabinet Committee on Economic Affairs, led by PM Narendra Modi, approved Delhi Police's Intelligent Traffic Management System (ITMS) with a budget of Rs. 1,789.52 crore. The project includes deploying 1,092 Adaptive Traffic Control Systems at 1,029 locations. C-DAC will provide technical support, and the system will prioritize ambulances and emergency vehicles by creating green corridors.

NDTV Tech·54m ago·Delhi

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