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BusinessPhoto: Business Standard

Jio's ₹30,213-cr IPO priced at 34x earnings, below Bharti Airtel

Jio Platforms, Reliance Industries' digital arm, will launch India's largest IPO on October 21, priced between ₹1,065 and ₹1,119 per share. The issue will raise about ₹30,213 crore by selling 270 million shares, valuing Jio at ₹10,30,491 crore. This surpasses Hyundai Motor India's ₹27,870-crore IPO in 2024. Jio's IPO is unique with no offer for sale and aims to repay debt. It is priced at 34 times FY26 earnings, below Bharti Airtel's 39 times.

Business Standard·

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WorldPhoto: HT World

Bitcoin Drops 3.6% as US Wholesale Inflation Surges 1.3% in September

Bitcoin fell over 3.6% on Thursday after US data showed wholesale prices rose 1.3% in September, much faster than August's 0.5%. The Producer Price Index increase raised inflation concerns and uncertainty over the Federal Reserve's next interest rate move. Bitcoin traded near $81,500, dipping below its 50-day moving average and hitting a 24-hour low of $80,443.

HT World·

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EntertainmentPhoto: HT Entertainment

Drishyam 3 Crosses ₹332 Crore, Drops 42% on Day 14

Ajay Devgn’s Drishyam 3: The Conclusion completed 14 days in theatres, crossing ₹332.50 crore net in India. On its second Thursday, the film collected ₹3.75 crore with about 10% occupancy, marking a 42.5% drop from Wednesday’s ₹5.25 crore. Despite competition from new releases like Rajinikanth's Jailer 2, Drishyam 3 remains strong, aiming for a ₹350 crore milestone.

HT Entertainment·

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WorldPhoto: TOI Science

28-Foot Statue of Pharaoh Ramses II Found in Egypt

A farmer in Behbeit El Hagar, Egypt, discovered a 28-foot statue of Pharaoh Ramses II while tilling his land. Antiquities officials quickly began excavations, uncovering the large statue head and several smaller inscribed statues. This find is expected to enhance understanding of ancient Egypt's cultural and political history.

TOI Science··Behbeit El Hagar

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BusinessPhoto: Hindu Business

India's Unemployment Rate Stable at 5% in September: NSO

India's unemployment rate remained stable at 5% in September, unchanged from August, according to the National Statistics Office's Periodic Labour Force Survey. The rural unemployment rate was broadly stable at 4.2%, slightly up from 4.1% in August, while urban unemployment marginally increased from 6.8% to 6.9%. The overall Labour Force Participation Rate was 55.5% in September, nearly steady from 55.6% in August.

Hindu Business··New Delhi

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SportsPhoto: Hindu Sport

Chola Chiefs End Losing Streak with Shootout Win in Archery Premier League

Chola Chiefs ended a five-match losing streak by defeating Prithviraaj Yodhas in a shootout during the Archery Premier League Season 2 at People’s Plaza. Alejandra Usquiano scored a perfect 80 out of 80 in regulation and helped secure the win alongside Yuktha Sri Kondapavuluri. Meanwhile, Mighty Marathas struggled with time pressure in early sets against Rajputana Royals.

Hindu Sport··Hyderabad

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