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BusinessPhoto: News18 Business

Reliance's Jio Platforms Files IPO Prospectus; Offer Opens Oct 21

Jio Platforms Ltd, Reliance Industries' digital and telecom arm, filed its red herring prospectus for an IPO expected to be India's largest. The fresh issue includes up to 27 crore equity shares with a face value of Rs 10 each. The subscription opens on October 21 and closes on October 23, with anchor investor bidding on October 19. The company aims to raise about Rs 30,000 crore. Shares are expected to list on October 28. Reserved portions include Rs 500 crore for JPL employees and Rs 2,500 crore for eligible Reliance shareholders. JPL's consolidated revenue rose 14.6% to Rs 1,46,885...

News18 Business·

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WorldPhoto: Hindu World

Cargo Ship Sinks After Hitting Mine in Strait of Hormuz

Iran's Revolutionary Guard Corps navy reported that a cargo ship sank after hitting a naval mine in the Strait of Hormuz on October 14, 2026. The ship, carrying 2,500 containers, caught fire after striking the mine while traveling on what Iran called an illegal route. Details about the crew's fate remain unclear. The U.S. guides ships through a safer route off Oman nearby.

Hindu World·

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BusinessPhoto: TOI Business

India Tops Russian Crude Imports in September Despite 29% Drop

India remained the largest buyer of Russian crude oil in September, importing about 1.82 million barrels per day despite a 29% decline since July. Increased competition from China, US sanctions, tariffs, and supply constraints influenced this trend. Additionally, Venezuelan crude returned to India's imports due to the country's specific refining capabilities.

TOI Business·

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SportsPhoto: Hindu Sport

Rahul and Revanth Secure Draw Against Karnataka in Ranji Trophy

In the Ranji Trophy match at ACA Stadium, Mulapadu, Andhra and Karnataka played to a draw. Karnataka's Karun Nair scored an unbeaten 155 to help set a target of 194 runs. Andhra's S.V. Rahul and Revanth Reddy batted resolutely, scoring 35* and 20* respectively, to deny Karnataka victory by occupying the crease for over 18 overs and ensuring a draw.

Hindu Sport··Mulapadu

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BusinessPhoto: Hindu Business

Hyundai to Invest ₹4,000 Crore More in Pune Plant, Output to Reach 3,20,000 Units

Hyundai Motor India Ltd. announced an additional investment of ₹4,000 crore in its Pune plant by 2030, raising total investment to ₹11,000 crore. The plant's annual capacity will increase from 1,70,000 to 3,20,000 units in phases. The company plans to boost localisation from 83% to 92%. The plant was inaugurated by Maharashtra CM Devendra Fadnavis, with Hyundai Executive Chair Euisun Chung present.

Hindu Business··Pune

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PoliticsPhoto: NDTV

Pakistani Pilots Banned From Air France Israel Flights After flydubai Incident

Pakistani pilots are banned from flying Air France flights to Israel following a cockpit attack on a flydubai flight from Dubai to Tel Aviv on September 30, 2026. An Omani co-pilot allegedly attacked the Indian captain to seize control of the aircraft, prompting stricter enforcement of pilot nationality rules on these routes.

NDTV·

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