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BusinessPhoto: ET MarketsJio Platforms' Rs 30,213 crore IPO will reduce the percentage stakes of existing investors such as Reliance Industries, Meta, and Google, although their share counts will remain unchanged. At the upper price band, Jio's valuation is expected to reach Rs 10.3 lakh crore, more than double the valuation when most investors entered in 2020.
ET Markets·
PoliticsPhoto: Deccan HeraldThe Delhi High Court refused to restrain the Cockroach Janta Party (CJP) and its founder Abhijeet Dipke from holding a protest at Connaught Place Central Park on October 16. The court recorded police assurances to regulate the protest. The plea was filed by a vendor concerned about weekend closures affecting traders during the festive season. The court took police assurances on record but did not issue a restraining order.
Deccan Herald··New Delhi
BusinessPhoto: Economic TimesMrs. Moongia retired from LIC on June 30, 2020, receiving Rs 9.04 lakh as leave encashment. She claimed full tax exemption on this amount, unaware that only Rs 3 lakh was exempt for non-government employees then. The Income Tax Department taxed the remaining Rs 6.04 lakh and issued a notice. After a 1277-day delay, ITAT Jaipur accepted her appeal, citing tax consultant negligence and canceled the notice.
Economic Times··Jaipur
SportsPhoto: TOI SportsIn the fourth T20I in Hyderabad, West Indies defeated India by 24 runs to level the series. Sunil Gavaskar criticized Shamar Joseph after a bouncer hit Indian bowler Arshdeep Singh on the shoulder. Despite the pain, Arshdeep continued bowling, raising concerns about his injury. Gavaskar also urged Indian batters to take more responsibility during the chase.
TOI Sports··Hyderabad
WorldPhoto: News18Hi EntertainmentActor Imran Khan faces ongoing troubles as the Foreigners Regional Registration Office (FRRO) issued him a notice to leave India by October 28. Khan plans to challenge this notice in the Bombay High Court. The issue arose after he participated in a protest in Mumbai on October 10, drawing public and legal attention.
News18Hi Entertainment··Mumbai
BusinessPhoto: ET MarketsThe Indian rupee rose 0.1% against the dollar, marking its fourth consecutive day of gains. This rise was driven by falling oil prices and a rally in Indian stocks, which outperformed regional markets. The dollar index declined from an 18-month high due to lower Treasury yields and speculation over Federal Reserve rate hikes, supporting the rupee's strength.
ET Markets·
ET Markets·
Photo: ET MarketsJio Platforms' Rs 30,213 crore IPO will reduce the percentage stakes of existing investors such as Reliance Industries, Meta, and Google, although their share counts will remain unchanged. At the upper price band, Jio's valuation is expected to reach Rs 10.3 lakh crore, more than double the valuation when most investors entered in 2020.
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