Global markets began the week on a strong note with US stock futures jumping on optimism over a possible US-China trade breakthrough and expectations of fresh Federal Reserve rate cuts.
Amid ongoing geopolitical noise, India is considering raising the foreign direct investment limit in state-run banks to 49% from the current 20% to attract much-needed capital.
Dalal Street, meanwhile, is bracing for a billion-dollar IPO rush, with major listings led by eyewear retailer Lenskart and Orkla India’s parent looking to raise nearly ₹9,500 crore.
Back home, Vodafone Idea shares surged after a positive Supreme Court remark on AGR dues, while Reliance Industries gained on AI expansion plans. The Election Commission kicked off a nationwide voter roll revision, and a strengthening Cyclone Montha prompted safety alerts in coastal regions.
Reliance Industries shares climbed over 2% after forming an AI-focused joint venture with Meta, while Vodafone Idea gained following a favourable Supreme Court remark on AGR dues. The Centre also cleared six electronics component manufacturers under the ECMS with investments worth ₹5,532 crore.
Also, outgoing CJI BR Gavai has recommended Justice Surya Kant as his successor. Stay with us for all the latest updates and expert takes—there’s plenty to unpack!
US trade deals with Southeast Asia are largely symbolic, vague and opaque, says Amitendu Palit
US President Donald Trump’s latest trade push in Southeast Asia may not deliver much beyond political optics, according to Amitendu Palit, Senior Research Fellow at the Institute of South Asian Studies, National University of Singapore.
Dow futures jump 300 points on prospects of US-China trade deal, more rate cuts from Fed
US stock futures jumped as trading resumed on Sunday evening local time on prospects of a potential trade deal between the US and China, and on hopes of more monetary easing by the US Federal Reserve starting later this week.
India plans to raise FDI cap in state-run banks to 49%: Reuters
India is considering increasing the limit on direct foreign investment in state-run banks to as much as 49%, more than double the current ceiling of 20%, Reuters reported, citing a person directly involved in policy discussions.
Vodafone Idea shares cross ₹10 after SC says no reason why centre cannot reconsider AGR issue
Shares of Vodafone Idea Ltd. gained over 6% on Monday, October 27, after the Supreme Court’s verdict on the telecom company’s additional adjusted gross revenue (AGR) dues plea.
From Lenskart to Orkla — Dalal Street gears up for another billion-dollar IPO week
Dalal Street is gearing up for another week of billion-dollar IPOs, led by Lenskart and MTR-parent Orkla India. Together, the three companies opening for subscription this week plan to raise nearly ₹9,500 crore.
Election Commission launches nationwide voter roll revision: BJP backs move, Congress alleges bias
The Election Commission of India’s (ECI) announcement of a nationwide Special Intensive Revision (SIR) of electoral rolls has triggered a sharp political debate, especially in Bihar, where assembly elections are due next month.
RIL leads gains on Nifty 50 after Meta JV; Morgan Stanley sees up to $15 bn AI infra bet
Shares of Nifty 50 heavyweight Reliance Industries Ltd. (RIL) were among the top gainers on Monday, October 27, rising over 2% after the company announced a joint venture with Meta Platforms to develop enterprise artificial intelligence (AI) solutions.
India approves six firms with ₹5,532 crore investment under Electronics Component Scheme
The Indian government on Monday (October 27) has approved six companies under the Electronics Component Manufacturing Scheme (ECMS), with a total proposed investment of ₹5,532 crore and a combined production target of ₹44,406 crore.
CJI BR Gavai recommends Justice Surya Kant as his successor
Chief Justice of India (CJI) BR Gavai has recommended Justice Surya Kant as his successor at the Supreme Court. CJI Gavai submitted his recommendation to the Ministry of Law on Monday, Oct 27.
Cyclone Montha: Heavy rain, strong winds in several districts of Andhra Pradesh | Watch
A deep depression over the southeast Bay of Bengal has intensified into a severe cyclonic storm named Montha. According to the Indian Meteorological Department (IMD), it is expected to strengthen further over the southwest and west-central Bay.
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