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BusinessPhoto: NDTV Business

Kospi Jumps 4% on Strong Q3 GDP, Nikkei Rises 2%

On October 27, 2026, Asian markets showed mixed performance. South Korea's Kospi surged 4.1% after Q3 GDP growth beat estimates with a 1% quarterly rise, surpassing the expected 0.7%. Japan's Nikkei 225 gained 2.1%, while Australia's S&P/ASX 200 and New Zealand's NZX 50 declined slightly. Investors focused on tech sector developments, Wall Street gains, and upcoming central bank decisions and earnings reports.

NDTV Business·

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BusinessPhoto: News18Hi Business

Jio IPO Allotment Finalized; Investors Await Listing Date

Jio Platforms' ₹30,200 crore IPO allotment has been finalized after receiving over 10 million applications. Investors can check their allotment status on KFin Technologies, BSE, and NSE websites. The update includes details on how to check status, the date shares will be credited to Demat accounts, and important information about the potential listing of Jio shares.

News18Hi Business·

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BusinessPhoto: Deccan Herald

I-T Department Launches One-Time Amnesty for Undisclosed Foreign Assets

The Income Tax Department has introduced the Foreign Assets of Small Taxpayers – Disclosure Scheme, 2026 (FAST-DS), allowing taxpayers to regularise undisclosed foreign assets by paying 30% tax and an equal penalty. The fully online scheme is open until December 31, 2026, offering immunity from further assessments and prosecution under the Black Money Act. Taxpayers can also avoid penalties by paying a Rs 1 lakh fee to report accounted assets.

Deccan Herald·

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BusinessPhoto: TOI Business

Taxpayers Urged to Disclose UAE Assets to I-T Department

The Income Tax department has received disclosures from 1,100 taxpayers about undisclosed overseas income and assets. It is now encouraging select taxpayers with investments in residential and commercial properties in the UAE to come forward. This initiative provides a one-time opportunity for taxpayers to disclose their foreign assets and income to avoid penalties.

TOI Business·

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BusinessPhoto: Mint Companies

Microsoft Offers Buyouts to 60,000 Employees in Cost-Cutting Move

Microsoft Corp. will offer buyouts to about 60,000 employees as part of its cost-cutting and workforce restructuring efforts for the AI era. Eligible personnel include US, Canada, India, and UK employees at vice president level and below, excluding some data center, sales, and marketing staff. The company expects fewer acceptances than a prior retirement buyout. Microsoft had 223,000 employees as of June.

Mint Companies·

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PoliticsPhoto: Times of India

Netanyahu Faces Crucial Test in Israel Election After October 7 Attacks

Israeli Prime Minister Benjamin Netanyahu faces a critical political test in Tuesday's election. Voters are assessing his leadership after the Hamas-led attacks on October 7, 2023, ongoing wars in Gaza and with Iran, and Israel's increasing international isolation, according to Reuters.

Times of India·

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