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BusinessPhoto: ET MarketsRecent measures by the Reserve Bank of India aimed at stabilizing the rupee may encourage Indian companies to re-enter the bond market. High overseas yields and rising hedging costs had limited borrowing options, causing some bond issuances to be canceled. With increasing bank borrowing costs, bonds may become a more attractive option for companies seeking flexible financing.
ET Markets·
BusinessPhoto: Business StandardNearly 1,000 former employees of Flipkart and its group companies have petitioned the boards of Walmart and Flipkart for clarity on the ecommerce firm's IPO timeline. They seek liquidity for their vested employee stock options, which remain locked due to listing uncertainties. The petition, dated October 10, gathered over 500 signatures within 24 hours and includes former staff from Flipkart, Myntra, Cleartrip, Shopsy, Supermoney, and ANS.
Business Standard·
BusinessPhoto: Mint MarketsIndian shares are set to open higher following their longest weekly losing streak in 25 years, aided by a drop in oil prices and new RBI measures to support the rupee. Brent crude fell 1.6% after a Russia-Ukraine energy ceasefire eased supply concerns. RBI redirected oil companies' dollar purchases and tightened hedging rules to stabilize the currency and improve market sentiment.
Mint Markets·
PoliticsPhoto: TOI EntertainmentShekhar Suman expressed support for the ongoing CJP protests, emphasizing the importance of peaceful demonstrations in society and politics. He referenced Mahatma Gandhi's philosophy, highlighting that collective dissent is vital for addressing grievances. Suman stated that protests should be seen as legitimate, especially when opposition parties question their credibility.
TOI Entertainment·
PoliticsPhoto: Hindustan TimesCockroach Janta Party (CJP) leaders, including Saurav Das, plan to visit Parliament Street Police Station at 10 am to request a date for a peaceful protest at Jantar Mantar. Meanwhile, the INDIA bloc is organizing a march to the Supreme Court as part of ongoing demonstrations in Delhi.
Hindustan Times··Delhi
PoliticsPhoto: News18 HindiDuring an income tax survey in Badshahpur Tehsil, Gurugram, discrepancies were found in records of 25,000 properties linked to a single PAN number. Transactions worth ₹55,000 crore are now under investigation due to these irregularities, highlighting potential large-scale land deal fraud.
News18 Hindi··Gurugram
ET Markets·
Photo: ET MarketsRecent measures by the Reserve Bank of India aimed at stabilizing the rupee may encourage Indian companies to re-enter the bond market. High overseas yields and rising hedging costs had limited borrowing options, causing some bond issuances to be canceled. With increasing bank borrowing costs, bonds may become a more attractive option for companies seeking flexible financing.
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