Business News
HDFC Bank, ICICI Bank and other major private lenders reported October 17 and 18, 2026 quarterly results showing modest profit growth, improving asset quality and signs of loan expansion that could support credit-led growth in coming quarters.
A rotation out of global AI names and renewed central bank support for the rupee lifted Indian markets on October 17, sending IT shares and benchmark indices to their strongest weekly performance in months and drawing fresh attention to corporate earnings and a busy IPO calendar.
Reliance Industries on October 16 said it welcomes competition in satellite broadband, responding to Elon Musk’s public criticisms of India’s licensing process. The statement underscores growing tensions between foreign satellite operators, domestic conglomerates and regulators ahead of Jio’s planned satellite services and a major Jio-related IPO later this month.
Jio Platforms filed its red herring prospectus on October 15, 2026, formally launching what is set to be India’s biggest initial public offering, with a price band of ₹1,065 to ₹1,119 and an expected raise of about ₹30,200 crore. The move is poised to reshape local capital markets and tests investor appetite for a large technology and telecom conglomerate.
Hyundai Motor Group announced a seven year, $15.5 billion investment plan on October 13, 2026, committing capital to manufacturing, research and development, supplier localization and future mobility businesses as it seeks to make India a core export and innovation hub.
Provisional government data show headline consumer price inflation rose to 5.54 percent in September 2026, driven by a sharp jump in food costs led by onions and other vegetables. The rise complicates the Reserve Bank of India’s path on rates and will squeeze household budgets ahead of winter.
The GST Council has recommended expanding mandatory e-invoicing to cover reverse charge purchases from unregistered sellers and imports of services for taxpayers with turnover above Rs 5 crore, a change that will force firms to update accounting flows and could improve tax transparency while raising short term compliance costs.
India’s central bank unveiled a package of measures on October 11, 2026 to calm extreme pressure on the rupee, offering direct dollar sales to state oil firms and raising the cost of speculative hedging. Officials say the steps are designed to reduce spot market demand for dollars while limiting one-way derivative bets that have amplified recent weakness.
The Reserve Bank of India on October 10 announced a dedicated foreign exchange facility for Indian Oil, BPCL and HPCL, along with tighter rules on rupee derivative trading, moves aimed at easing demand for dollars in the open market as the currency traded near record lows.
The Indian rupee gained modestly on October 9, 2026 after early intervention by the Reserve Bank of India and a drop in oil prices. Traders said the central bank sold dollars to cap depreciation, a move that should limit imported inflation risks but leaves longer term pressure from global risks and capital outflows unresolved.
The Reserve Bank of India raised the repo rate by 25 basis points to 5.50 percent on October 8, 2026 and changed its policy stance to calibrated tightening. Markets reacted with higher bond yields, a weaker rupee and immediate pass through to retail and corporate lending rates.
Amazon India opened its flagship Great Indian Festival on October 8, 2026, kicking off the country’s busiest retail window. The sale promises deep discounts and bank offers but raises fresh questions about pricing transparency, seller margins, and competition with rival platforms during the critical festive season.
On October 7, 2026 the Reserve Bank of India raised its policy repo rate by 25 basis points to 5.50 percent, its first increase since 2023, and shifted policy stance toward calibrated tightening amid rising inflationary pressures and strong growth.
A wave of new listings on October 5 sent fresh capital into India’s public markets, with Orient Cables registering a blockbuster debut and signaling renewed investor appetite for midcap initial public offerings.
Apple Pay has launched in India via Axis Bank credit cards, prompting new merchant tie ups and fresh debate over how the service will interact with the country’s dominant UPI system. The development could shift consumer card usage and merchant acceptance but will not replace the ubiquity of UPI in the near term.