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BusinessPhoto: Deccan Herald

Rice Prices Soar Amid Supply Concerns and Global Demand

Rice prices in India are rising sharply, potentially crossing Rs 100 per kg due to a 10% lower yield in Koppal caused by delayed water release. Traders report increased global demand from Gulf nations, Singapore, and Africa, influenced by El Niño. Despite this, Union Minister Pralhad Joshi assures there is no rice shortage, with FCI stocks sufficient for 18-20 months and ongoing free distribution under PMGKAY.

Deccan Herald··Koppal

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SciencePhoto: DNA India

Cyclone Arnab Hits Andhra Pradesh and Odisha with 150 kmph Winds

Cyclone Arnab made landfall along the Andhra Pradesh coast between Bapatla and Visakhapatnam, with winds gusting up to 150 kmph. The India Meteorological Department (IMD) warned of heavy rainfall, storm surge, and severe weather in Odisha. The cyclone maintained core winds of 125-135 kmph and moved northwest at 3 kmph. The landfall process was expected to continue for three hours, causing uprooted trees and snapped power lines in Kakinada, Andhra Pradesh.

DNA India·

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BusinessPhoto: TOI Business

Reliance Industries Board to Review Fund-Raise Plan on October 30

Reliance Industries announced that its board will meet on October 30 to consider a fund-raising program involving the issuance of listed redeemable non-convertible debentures. Additionally, the company plans to review and approve its financial results for the second quarter of FY27 on the following Friday.

TOI Business·

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BusinessPhoto: Mint Markets

Jio Platforms IPO Debut and Key Stocks to Watch on October 28

The Indian stock market is expected to open lower on October 28, with GIFT Nifty futures down 0.27%. Jio Platforms, backed by Reliance, is making its stock market debut today on NSE and BSE, attracting investor attention. Benchmark indices Sensex and Nifty ended nearly flat previously amid profit booking and crude oil price concerns. Stocks like Reliance Industries, Hindustan Unilever, Adani Enterprises, TVS Motor, Larsen & Toubro, and Maruti Suzuki are also in focus due to corporate updates.

Mint Markets·

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PoliticsPhoto: Prabhat Khabar

Gen Z-led Movements Changed Governments from Bangladesh to Serbia

In countries like Nepal, Bangladesh, Sri Lanka, Madagascar, and Serbia, Gen Z-led protests have significantly impacted politics. These movements began over issues like job reservation, social media bans, and utility shortages. Bangladesh and Nepal saw government resignations, Sri Lanka's president stepped down amid economic crisis, and Serbia's student protests challenged long-standing political power. Outcomes varied, raising questions about Gen Z's broader goals beyond just changing governments.

Prabhat Khabar·

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BusinessPhoto: ET Markets

Star Health Reports 232% Profit Rise to ₹264.4 Crore in Q2 FY27

Star Health and Allied Insurance posted a net profit of ₹264.4 crore in the September quarter of FY27, marking a 232% increase from ₹79.6 crore in the same quarter last year. The claims ratio improved to 69%, indicating a lower claims burden. For the first half of FY27, the company recorded a net profit of ₹814.6 crore, up from ₹517 crore previously.

ET Markets·

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