MARKETS
FIIs mark record high buying since June 26, at Rs 10,061 crore; DIIs net bought Rs 636 crore-worth Indian equities
For the year so far, FIIs have been net sellers of shares worth Rs 2.28 lakh crore, while DIIs have net bought shares worth Rs 6.13 lakh crore.
BUSINESS
Jomei Investments exits Aditya Birla Capital, sells Rs 1,638.6-crore worth shares to 15 investors including Morgan Stanley, Goldman Sachs, Norges Bank
Aditya Birla Capital shares remained in uptrend since March this year, more than doubled in last eight months from around Rs 150 level despite intermittent correction.
ARTIFICIAL-INTELLIGENCE
With 21.9 million developers, India becomes GitHub’s fastest-growing community and largest open-source hub globally
India added more than 5 million developers this year and is on track to account for one in every three new developers on Microsoft-owned GitHub by 2030.
ARTIFICIAL-INTELLIGENCE
GitHub launches Agent HQ to bring AI coding agents from Anthropic, OpenAI, Google, others on a single platform
AI coding agents from Anthropic, OpenAI, Google, Cognition, xAI, and others will become available directly within GitHub, accessible to developers through a paid GitHub Copilot subscription.
BUSINESS
Orkla India raises Rs 500 crore via anchor book ahead of Rs 1,668-crore IPO
Orkla India IPO | The company is raising Rs 1,667.54 crore via initial public offering (IPO) which comprises of entirely offer-for-sale of 2.28 crore equity shares.
AUTOMOBILE
Meet India's most popular electric scooter, already crossed sales milestone of 7 lakh units
This electric scooter rivals the likes of the Bajaj Chetak, Ather Rizta, Ola S1 Pro, Honda Activa e: and Hero Vida V2.
BUSINESS
PPFAS to launch three passive and active global FoFs to tap international opportunities
PPFAS will introduce three new international equity FoFs over the next year, launching two passive funds and one actively managed fund.
BUSINESS
Lower ticket sizes, digital access push retail investors towards GIFT City
GIFT City is becoming more accessible for retail investors seeking global diversification, with lower minimums and digital onboarding, though tax and transaction hurdles still need ironing out.
PODCAST
Dream11 takes its game overseas, WazirX faces legal heat, again, Z47 doubles down on AI fintechs, and Amazon’s big job cuts | MC Tech3
In today’s Tech3 from Moneycontrol, we bring you the top stories shaping the world of startups and tech. Dream11 expands to 11 international markets after its free-to-play model pivot, WazirX faces a new legal storm after its $230 million hack, Z47 doubles down on AI-first fintechs reimagining credit and lending, and Amazon plans to cut about 14,000 corporate jobs amid its AI overhaul.
INDIA
Delhi High Court clarifies order related to ORS lables not intended to let companies manufacture fresh batches: Report
Justice Datta reportedly said, “If you [FSSAI] are unable to do it, you move an application. I contemplate passing orders to restrain the manufacturers from manufacturing.”
BUSINESS
Go Digit Q2 profit surges 53% to Rs 136 crore; AUM up 15%
Gross written premium (GWP) for the quarter stood at Rs 2,667 crore, up 12.6 percent from Rs 2,369 crore in Q2 FY25.
BUSINESS
Star Health Q2 profit drops 50% to Rs 317 crore
The expense ratio is currently at 29.7% in H1FY26.
BUSINESS
Game Changers Texfab IPO sees muted response from investors on day 1
Game Changers Texfab IPO | The Rs 54.84-crore public offer will remain open till October 30.
BUSINESS
Microsoft to hold $135 billion stake as OpenAI restructures into public benefit corporation
Following the announcement, Microsoft’s shares rose 4%, as the deal is expected to pave the way for OpenAI’s potential public listing in the future.
WORLD
Indian man charged in US for stabbing teenagers with fork aboard Lufthansa flight
According to court documents, the 28-year-old allegedly stabbed a 17-year-old passenger in the shoulder and then attacked another 17-year-old, striking the back of his head with the same fork.
STARTUP
NCLAT rejects GLAS Trust plea to stay Aakash EGM and rights issue
The tribunal held that Aakash’s Board is entitled to raise capital to meet its business requirements and cannot be prevented from doing so merely because one of its shareholders is undergoing Corporate Insolvency Resolution Process (CIRP).
BUSINESS
Jayesh Logistics IPO continues to see healthy interest from investors on day 2
Jayesh Logistics IPO | The offer subscription will remain open till October 29, followed by the IPO share allotment finalisation on October 30.
BUSINESS
Jindal Steel posts 26% drop in Q2 net profit at Rs 635 crore, appoints Gautam Malhotra as CEO
Its total revenue from operations rose 4.21 percent to Rs 11,685.88 in the reported quarter over Rs 11,213.31 in the year-ago period
INDIA
Top govt doctor suspended after 'funeral' remarks on CM Adityanath, UP govt
The controversy began on Saturday when Aam Aadmi Party (AAP) workers staged a protest outside the hospital, alleging poor medical facilities.
INDIA
Delhi murder case: Hard disk contained private videos of 15 women
The charred body of the victim, identified as Ram Kesh Meena, was discovered on October 6 after a massive fire broke out in his Timarpur apartment. What initially appeared to be an accident soon turned into a cold-blooded murder investigation.
INDIA
Tejasvi Surya seeks to scrap Bengaluru tunnel road project, DK Shivakumar says 'bring funds from Centre’ for public transport
Citing figures from the government’s detailed project report (DPR), Surya said the tunnel road would carry only about 1,800 vehicles per hour in one direction, while a Metro line can move up to 69,000 people at the same time.
INDIA
Congress MLA demands 'unconditional apology' from Himanta after Assam CM calls Priyank Kharge 'first-class idiot' | Video
Responding sharply to Sarma’s statements, Kharge accused the Assam Chief Minister of “twisting” his words and attempting to “whitewash his failures” by giving them a political spin.
BUSINESS
Shree Cement Q2 Results: Net profit soars nearly 200% to Rs 277 crore, firm announces Rs 80 interim dividend
Shree Cement Q2 Results: EBITDA grew 31% YoY to Rs 1,008 crore, while expenses rose over 5% YoY to Rs 4,057 crore.
INDIA
INDIA bloc releases Bihar manifesto: Key promises in ‘Tejashwi Pran Patra’
In the manifesto, the Mahagathbandhan has promised government jobs to all families in the state. Within 20 days, one member from every family will be given a government jo
