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BusinessPhoto: ET Energy

JM Financial Favors Oil India, ONGC Over IOC, BPCL, HPCL

JM Financial remains optimistic about upstream companies Oil India and ONGC, citing potential growth despite volatile crude prices. However, it advises caution for oil marketing companies IOC, BPCL, and HPCL due to challenges from high crude prices and refining margins. The report underscores risks for OMCs amid fluctuating crude market conditions while highlighting opportunities for upstream players.

ET Energy·

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BusinessPhoto: Firstpost Business

Jio IPO Inflows Boost Rupee to Strongest Since September

The Indian rupee rose 0.5% to its strongest level since early September, driven by foreign inflows from Jio Platforms' $3.2 billion IPO. Despite Brent crude prices exceeding $110 per barrel and declining equities limiting gains, the rupee's demand was notably supported by the IPO-related investments.

Firstpost Business·

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PoliticsPhoto: The Hindu

Tamil Nadu Orders Repair of Rainwater Harvesting for Northeast Monsoon

The Tamil Nadu government has mandated all households, apartments, commercial establishments, and institutions to inspect, clean, and repair their rainwater harvesting structures ahead of the Northeast monsoon. A state-wide order issued on October 16, 2026, requires rooftop systems, filter chambers, recharge pits, and wells to be fully functional. State and district committees will monitor enforcement under a renewed mass movement campaign.

The Hindu··Chennai

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BusinessPhoto: Mint Markets

Experts Advise on Investing ₹14,000 in Jio IPO or Reliance Shares

With the Jio Platforms IPO fully subscribed within an hour and Reliance Industries Ltd shares rising over 0.50% to ₹1,209, investors with ₹14,000 face a choice. Mahesh M Ojha of KC Securities recommends long-term investors prioritize Reliance Industries shares over Jio IPO due to Reliance remaining the core company after Jio's value unlock. He suggests holding both if possible.

Mint Markets·

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PoliticsPhoto: Hindustan Times

Model Shraddha Dubey, 2 Others Sent to UP on Transit Remand

Model and social media influencer Shraddha Dubey, her sister Rashmi Dubey, and their driver Tanveer Ali were sent to Uttar Pradesh on transit remand until October 24. They were arrested in Nagpur in connection with the murder of cafe owner Shiva Sharma, who died after falling from a building in Lucknow on October 9. The trio was tracked down in Nagpur after traveling through Kanpur, Agra, and Nepal.

Hindustan Times··Nagpur

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SciencePhoto: News18

Desert Fox Kills Captive-Bred Great Indian Bustard in Rajasthan

A six-month-old captive-bred Great Indian Bustard was killed by a desert fox just four days after being released into Rajasthan's Desert National Park. The bird was part of a species recovery project aiming to boost the critically endangered population. Forest officials confirmed the predation after finding the satellite tracking collar and remains. The incident highlights challenges in rewilding captive-born birds lacking predator instincts.

News18··Rajasthan

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