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BusinessPhoto: Business Standard

Jio IPO Anchor Book Oversubscribed Over 30 Times with ₹2.5 Trillion Bids

Jio Platforms Ltd's anchor book for its upcoming IPO was oversubscribed more than 30 times, receiving institutional bids worth over ₹2.5 trillion, a record demand. The company plans to raise up to ₹30,213 crore. Anchor investors include LIC of India, Capital Group's New World Fund, and the Government of Singapore, with allocations ranging from 6.17% to 4.2%. The IPO opens on October 21 and closes on October 23.

Business Standard·

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SciencePhoto: Deccan Herald

Karnataka's 13 Major Dams Losing 3.38 TMCFT Water Daily

Since October 1, Karnataka's 13 major dams have been losing an average of 3.38 tmcft of water daily. Currently, they hold 533.84 tmcft, with only 274 tmcft in live storage, which is water readily available for drinking and agriculture. The Krishna basin has 241 tmcft live water, and the Cauvery basin has 32.29 tmcft. Five reservoirs receive no inflow but continue releasing water to meet ecological and drinking needs.

Deccan Herald··Hubballi

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PoliticsPhoto: Deccan Herald

Siddaramaiah-Shivakumar Rift Deepens Over Woman Minister Induction

The internal power struggle in Karnataka Congress has intensified over inducting a woman minister into the Cabinet. CM D K Shivakumar supports Laxmi Hebbalkar, while former CM Siddaramaiah and senior leaders back Sandur MLA E Annapurna Tukaram, a Scheduled Tribe leader. Two ministerial posts remain vacant after B Nagendra's resignation. The Congress high command aims to fill these before the Winter Session, with at least one woman minister.

Deccan Herald··Bengaluru

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PoliticsPhoto: Hindu World

Saudi Envoy Meets Pakistan Army Chief to Discuss Regional Security

The Saudi envoy met with the Pakistan Army chief at General Headquarters in Rawalpindi. Both sides expressed satisfaction with progress under the Makkah Joint Defence Agreement and emphasized the importance of enhancing defence collaboration, institutional linkages, and strategic coordination, according to an army statement.

Hindu World··Rawalpindi

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PoliticsPhoto: Amar Ujala

US Secretary of State Rubio Visits India for Strategic Talks

US Secretary of State Mark Rubio arrives in Mumbai on Tuesday for a three-day official visit amid recent diplomatic momentum in Central Asia. He will hold bilateral talks with Indian External Affairs Minister S. Jaishankar, focusing on finalizing the long-awaited India-US trade agreement. Rubio will also visit Jamnagar, Gujarat, a key energy hub, to discuss strategic partnership, regional stability, and energy security.

Amar Ujala··Mumbai

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BusinessPhoto: Mint Markets

US Treasuries Fall as Tech Shares Rebound, Yields Rise

US Treasuries fell as technology shares rebounded, reducing demand for safe-haven government debt. Yields across maturities rose by six to eight basis points, with the 10-year yield reaching 5.14%. Traders anticipate Federal Reserve interest-rate hikes next year, including a likely quarter-point increase in December. The Nasdaq 100 gained 1.2% amid renewed AI trade optimism, while higher oil prices also pressured Treasuries.

Mint Markets·

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