Business

19

Oct

By The Press Editor

Business

Fusion CX IPO allotment status to be finalised today, check status on BSE, NSE and registrar

The initial public offering of AI-powered customer experience solutions provider Fusion CX Ltd received 4.45 times subscription on the final day of bidding on Friday. According to data available with the National Stock Exchange (NSE), the Rs 702-crore IPO got bids for 6,24,64,035 shares against 1,40,40,000 shares on offer. The retail category was subscribed 5.70 times, while the non-institutional investor quota garnered 4.50 times subscription. The portion for Qualified Institutional Buyers (QIBs) received 4.01 times subscription. Now all eyes are on the allotment of shares, which is expected to be finalised today. Once finalised, investors can check the stats on…

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19

Oct

By The Press Editor

Business

Market witnesses selling pressure after recent recovery, Sensex falls 876 points, Nifty below 22,900

Benchmark indices Sensex and Nifty witnessed selling pressure after a recent recovery as weak global cues and selling in private banks and IT stocks weighed on investor sentiment. The 30-share BSE Sensex closed 876.37 points or 1.17 per cent lower at 73,852.90. During the day, the benchmark hit a high of 74,849.75 and a low of 73,708.54, gyrating 1,141.21 points. Similarly, the 50-share NSE Nifty fell 257.20 points, or 1.11 per cent, to close at 22,888.95. The broader market too ended the session in the red. The BSE MidCap Select Index fell 169.47 points, or 0.97 per cent, while the…

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19

Oct

By The Press Editor

Business

Share of logistics stock in focus as company announces Q2 FY27 results, revenue surges 33%

Shares of logistics player Tiger Logistics are likely to be on investors' radar as the company has announced its unaudited financial results for the second quarter and half-year ended September 30, 2026. According to the information shared, the company posted a robust top-line performance during the quarter. The company has issued a correction post which its profit after tax (PAT) for the quarter ended September 30, 2026, increased by Rs 61,845.  Additionally, the company's revenue from operations increased to Rs 225.13 crore (approximately USD 1.25 billion) compared to Rs 152.52 crore (approximately USD 1.52 billion) in the previous quarter. Total…

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19

Oct

By The Press Editor

Business

IT company gets board’s approval to raise funds of Rs 160 crore through rights issue, check details

Shares of technology firm Kellton are likely to be in focus after the company informed exchanges that its board of directors has approved raising funds through a rights issue. The smallcap company said that the decision was finalised during the board meeting held on October 17, 2026. The company said the board approved the issue of equity shares of the company with a face value of Re 1 for an amount not exceeding Rs 160 crore. The IT firm said that the terms and conditions of the rights issue have not been finalised and will be communicated later.    The board…

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19

Oct

By The Press Editor

Business

Jewellery stock jumps 14% to hit fresh 52-week high in weak market, here’s what triggered rally

Shares of Delhi-based jewellery company PC Jeweller surged over 14 per cent to hit a fresh 52-week high of Rs 18.60 on the BSE even as benchmark equity indices Sensex and Nifty fell immediately after a positive open and remained volatile. The stock opened in the green at Rs 17, up 4.4 per cent from the previous close of Rs 16.28 on the BSE. Amid a surge in trading volume of more than 1.78 times, the counter jumped to an intraday high of Rs 18.60, a gain of Rs 2.32 or 14.25 per cent. This is also the fresh 52-week…

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19

Oct

By The Press Editor

Business

Bank holiday today: Banks to remain closed in UP, Bihar and other states, check full list here

If you're planning to visit your bank today, October 19, 2026, to complete important business, check the holiday list before leaving home. According to the Reserve Bank of India's (RBI) bank holiday calendar, bank branches will be closed in 13 states today, including Uttar Pradesh, Bihar, West Bengal, and Jharkhand. However, banks will remain open in other states, including Delhi, Maharashtra, and Rajasthan. So, check your state's holiday information before visiting the bank. Why will banks remain closed in these states today? According to the RBI calendar, banks will be closed in several states on October 19 for festivals such…

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19

Oct

By The Press Editor

Business

Jio Platforms IPO to anchor India’s next digital decade through 5G, broadband and artificial intelligence

Internet usage in India is rapidly increasing. The digital world is no longer limited to watching videos and making calls on mobile phones; technologies like artificial intelligence (AI), cloud computing, and high-speed broadband are also becoming integral to business. SMC Global describes the Indian telecom and digital services industry as "one of the fastest-growing globally, driven by surging data consumption, aggressive 5G rollouts, and expanding fibre broadband penetration."  In this changing market, Reliance Industries' digital arm, Jio Platforms Limited (JPL), is preparing to take its next big leap. The company's IPO, worth approximately Rs 30,213 crore, is scheduled to open on October…

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19

Oct

By The Press Editor

Business

19 October, 2026 Stock Market Updates: Sensex opens in green, Nifty flat, Axis Bank drops over 3%

Indian equity benchmark indices, the Sensex and Nifty, started the session in green even as global cues remain challenging. The 30-share BSE Sensex gained 120.03 points, or 0.16 per cent, to open at 74,849.30, while the Nifty added 4.70 points to open at 23,150.85. In the last trading session, the Sensex closed at 74,729.27 and the Nifty 50 at 23,146.15. Similarly, the broader indices traded in green in the opening session. The BSE Midcap Select Index added 7.21 points, while the BSE Smallcap Select Index gained 14.05 points, or 0.16 per cent, to trade in the green at 8,877.  From the…

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18

Oct

By The Press Editor

Business

Jio IPO draws interest from LIC, SBI MF, HDFC MF and India’s top insurers ahead of October 21 opening

The Reliance Industries has a strong presence in India's telecommunication market and has remained ahead of its rivals and competitors. As the Mukesh Ambani-led conglomerate continues expanding its footprints in Indian markets, the Jio Platforms is all set to open its initial public offering (IPO) on October 21 (Wednesday).  It has attracted a significant interest from both domestic and international investors, with reports claiming that the aggregate demand has already reached around Rs 2.5 lakh crore, which is eight times more than the issue size of Rs 30,213 crore. Jio IPO draws domestic, global insurers, asset managers' interest Not just…

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17

Oct

By The Press Editor

Business

Jio Platforms IPO attracts Rs 2.5 lakh crore in early investor interest, over 8 times issue size

Reliance Industries subsidiary Jio Platforms is attracting strong interest from domestic and global institutional investors ahead of its initial public offering (IPO), which is scheduled to open on October 21. According to sources quoted in a report on Saturday, early investor demand is estimated at around Rs 2.5 lakh crore, more than eight times the issue size of Rs 30,213 crore. The interest spans government-backed investment funds, global long-term investors, major Indian mutual fund houses and insurance companies. However, the figure reflects preliminary institutional demand rather than final IPO subscriptions or confirmed share allocations. The picture is expected to become…

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