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BusinessPhoto: Aaj Tak

Jio IPO to Open on October 19 with Over ₹30,000 Crore Issue Size

Reliance Industries' digital and telecom arm Jio Platforms is launching its IPO, set to be the largest in India's history with an issue size exceeding ₹30,000 crore. The IPO opens for anchor investors on October 19 and for retail investors on October 21, closing on October 23. The price band is fixed between ₹1065 and ₹1119 per equity share. Details including lot size and employee discounts have been disclosed to assist investors.

Aaj Tak·

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PoliticsPhoto: Hindustan Times

Andhra Police Arrest Two More in Pakistan-Linked Espionage Case

Andhra Pradesh Police arrested two more individuals, Bongu Ravi and Kadari Srinivas, in a Pakistan-linked espionage case involving Pakistani intelligence operatives. Ravi, an employee at Visakhapatnam Naval Dockyard, was allegedly contacted by a woman named 'Angel Payal' who induced him to share classified information about ships and submarines. Ravi and Srinivas shared details and received payments from her. The case is under investigation at Malkapuram Police Station.

Hindustan Times··Visakhapatnam

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BusinessPhoto: ET Markets

Fusion CX IPO Closes Final Day with 1.10x Subscription and 8% GMP

Fusion CX's Rs 702 crore IPO entered its final bidding day after achieving 1.10 times subscription on Day 2 and an 8% grey market premium. Brokerages emphasize the company's growth potential, improving profitability, AI-driven demand, and reasonable valuations. The IPO proceeds will mainly be used to reduce debt and fund technology upgrades.

ET Markets·

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BusinessPhoto: News18 Business

Reliance Welcomes Competition in Satellite Communications Including Starlink

Reliance Industries stated it welcomes competition in India's satellite communications market, including from Elon Musk's Starlink. The company emphasized that all operators, including Jio, must comply with Indian laws and regulatory frameworks. Reliance supports investment and innovation from both domestic and international players, provided they operate within the rule of law. Jio's satellite services are currently awaiting government clearances.

News18 Business·

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PoliticsPhoto: HT World

Marco Rubio Supports Trump’s 'America First' Foreign Policy

US Secretary of State Marco Rubio defended President Donald Trump’s 'America First' foreign policy, stating that the US must prioritize its own interests over international institutions and the global order. In an October 15 interview, Rubio emphasized that this approach is common sense and diplomacy should be used to manage differences with allies. He rejected criticism of the policy following Trump’s UN General Assembly speech.

HT World·

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PoliticsPhoto: Aaj Tak

Supreme Court Sets Hearing Dates for Rahul Gandhi, Protests, and More

The Supreme Court has scheduled hearing dates for various petitions, dividing them into groups based on topics. Petitions by Rahul Gandhi and Asaduddin Owaisi will be heard on October 27. Cases related to Delhi protests and police actions at Jantar Mantar are set for November 3. The case concerning alleged sexual harassment of women journalists will be heard on November 5.

Aaj Tak··Delhi

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