Business News
Reliance Industries posted its strongest September quarter yet on November 2, 2026, boosting the oil to chemicals business and Jio Platforms and triggering a sharp rally in Indian equities. The results shifted market sentiment, drew renewed analyst upgrades and highlighted the growing dominance of energy and digital services in India’s largest conglomerate.
New Delhi on November 1, 2026: The finance ministry constituted a six member high level committee on banking to review regulations, consolidation and digital transformation, naming former Central Vigilance Commissioner Suresh N Patel as chair. The panel is charged with recommending structural and governance changes to make India’s banks more competitive internationally and to support lending for the next decade of growth.
Central and state drug regulators have ordered Sun Pharmaceutical Industries to stop manufacture, sale and distribution of ophthalmic products from its Assam sterile facility, following inspections that flagged shortcomings in quality management and a voluntary recall of hundreds of batches.
Reliance Industries will meet on October 30 to approve September quarter results and consider issuing listed nonconvertible debentures, a move that could reshape the conglomerate’s funding mix as its telecom arm debuted on the bourses.
MSCI said on October 28 it will defer removal of Polycab India from its global indexes after the National Company Law Appellate Tribunal directed the index provider to hold off until it pronounces a final order on the companys insolvency case. The decision reduces the risk of forced selling by passive funds but leaves uncertainty over future index inclusion and liquidity for the stock.
Jio Platforms, the digital and telecom arm of Reliance Industries, lists on Indian exchanges on October 28, 2026 after a record Rs 30,213 crore IPO. The debut tightens Reliance’s grip on market leadership and is set to alter index weights, investor flows and capital plans across the telecom and tech sectors.
Jio Platforms, backed by Reliance Industries, moves to list on Indian exchanges on October 28 after a blockbuster Rs 30,213 crore IPO that was subscribed more than 22 times. The allotment process has closed and refunds and demat credits are being processed, testing market appetite and liquidity ahead of a high‑profile listing.
Reliance Industries’ Jio Platforms closed an unprecedented public offering with massive oversubscription, setting up what is likely the largest IPO listing in India on October 28. The deal’s scale and broad retail demand underline investor appetite for India’s tech and telecom champions and could reshape issuer strategies for large listings.
Arvind Limited inaugurated a Rs 150 crore garment manufacturing facility in Varanasi on October 25, 2026. The plant is designed to expand the company’s domestic manufacturing footprint, create local jobs and supply global apparel brands from India’s eastern manufacturing corridor.
Volkswagen has halted further spending on its India electric vehicle programme while it waits for clarity on a proposed strategic tie up with Sajjan Jindal’s JSW Group. The move highlights the cost pressures facing automakers in India and could reshape local supply chain and export plans.
Jio Platforms, the digital arm of Reliance Industries, drew heavy interest from anchor and retail investors during its three day public offering, lifting Reliance shares and reshaping funding plans for the conglomerate’s digital expansion.
Minutes from the Reserve Bank of India’s October policy meeting show policymakers increasingly worried that inflation is broadening beyond food and fuel, prompting a shift to a calibrated tightening stance and leaving the door open for further rate increases. The deliberations reveal trade offs for growth, markets and borrowers as India navigates an oil-driven inflation shock and a resilient economy.
Jio Platforms, the digital services arm of Reliance Industries, opened its initial public offering on October 21, 2026, launching what is set to be the largest IPO in India’s history. The issue drew rapid demand from retail and institutional investors, signaling strong market appetite for the country’s biggest technology and connectivity business.
Mumbai International Airport Ltd has given airlines until the winter schedule to decide whether to move selected international departures to the new Navi Mumbai airport or pause operations, intensifying a dispute over slots and capacity ahead of Terminal 1 reconstruction.
US comments that a near final India US trade agreement helped shape Washington’s decision to waive Russia oil sanctions land in New Delhi as business and energy leaders weigh market and diplomatic consequences.