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BusinessSRIT India’s IPO, a Rs 218.40-crore fresh issue of 1.68 crore shares, is set to list today. The IPO was subscribed 125.16 times overall, with retail investors subscribing 63.70 times, QIBs (excluding anchor investors) 91.84 times, and NIIs 312.99 times. The grey market premium signals a 42% premium over the issue price.
ET Markets·
PoliticsThe PM Mementos e-Auction, featuring artefacts presented to Prime Minister Narendra Modi during official events, has been extended until October 31, 2026. Proceeds support the Namami Gange Project. This year’s collection highlights Delhi’s heritage with 30 items including sculptures, photo frames, Delhi Metro models, sports memorabilia, and traditional art. Notable pieces depict Lord Ram and Ramayana scenes.
News18··Delhi
BusinessThe Reserve Bank of India (RBI) increased the repo rate by 25 basis points to 5.5%, as expected. Analysts say market focus will shift to crude oil prices amid West Asia conflict, rupee-dollar dynamics, bond yields, and corporate earnings. G Chokkalingam of Equinomics Research warns that sustained oil prices above $100 per barrel could trigger foreign investor outflows and rupee pressure. RBI may pause further hikes to assess conditions.
Business Standard·
PoliticsHyderabad MP Asaduddin Owaisi alleged misuse of Form 7 during the Special Intensive Revision exercise in Goshamahal Assembly seat. Pre-printed forms seeking deletion of 122 Muslim electors were submitted but rejected by the Booth Level Officer. Owaisi accused a BJP supporter, citing a Telangana CEO memo directing action against false bulk applications. He urged the Election Commission to investigate or file a police complaint.
The News Minute··Hyderabad
BusinessGemsons Precision Engineering promoters plan to sell an 80-100% controlling stake, valuing the company at ₹1,000-1,200 crore. The deal targets private equity firms like EQT, Carlyle, Blackstone, and ChrysCapital to create a platform for rapid expansion through bolt-on acquisitions. The company operates in precision engineering sectors linked to aerospace, gas turbines, and national security.
Mint Companies··Mumbai
EntertainmentBollywood actors Kiara Advani and Sidharth Malhotra announced they are expecting their second child. They shared the news on Instagram with a photo of their daughter Saraayah's hands holding baby socks. The couple, married in February 2023, welcomed their first child in July 2025. Friends and fans from the film industry congratulated them warmly.
News18 Movies·
ET Markets·
SRIT India’s IPO, a Rs 218.40-crore fresh issue of 1.68 crore shares, is set to list today. The IPO was subscribed 125.16 times overall, with retail investors subscribing 63.70 times, QIBs (excluding anchor investors) 91.84 times, and NIIs 312.99 times. The grey market premium signals a 42% premium over the issue price.
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