24 result(s) for “india”
I could not find a reliable India-focused Business and Economy news item that was first reported or materially updated on 2026-10-20. Would you like me to broaden the date range or pick a different India business topic to research and write about?
Jio Platforms filed a Red Herring Prospectus on October 14 and set an IPO that opens October 21. The offer, including a reserved slice for Reliance shareholders, could raise about Rs 30,000 crore and marks one of India’s biggest listings this year.
ArohaFest’s Diwali Dhamaka brings a free, bilingual day of workshops, classical and folk dance, visual art and food vendors to the National Arts Centre on October 17, highlighting how India’s artistic traditions are finding new expression across Canada.
Canada’s Fairfax Financial will acquire 60.72 percent of IDBI Bank for about Rs 52,878 crore, a transaction the government and markets describe as the largest foreign direct investment in India’s banking sector. The deal shifts a state-backed lender into private hands and raises questions about regulatory approvals, ownership rules and the future of related bank holdings.
The Reserve Bank of India has raised the minimum daily Cash Reserve Ratio maintenance to 99 percent effective from the fortnight beginning October 16, 2026, a move that reduces banks’ intrafortnight flexibility and signals a more active liquidity stance following the October rate hike.
The Union Cabinet on October 14 approved the sale of a 60.72 percent combined stake in IDBI Bank to an entity backed by Canada’s Fairfax Financial Holdings for Rs 52,878 crore. The transaction, cleared on October 15 for publication, is a landmark foreign direct investment into India’s banking sector and raises questions about valuation, market response, and the future of state ownership in banking.
Hyundai Motor Group said on October 14, 2026 that it will invest $15.5 billion in India through 2032 to expand manufacturing, R and D, and local supply chains, positioning the country as a cornerstone of its global growth strategy.
The government and oil retailers shifted petrol and diesel prices on October 13, 2026, cutting petrol while nudging up diesel. The move will ease costs for some motorists but raises concerns about transport inflation and fiscal balances ahead of the festive season.
Benchmark indices opened higher on October 12, 2026, after a drop in crude oil and positive Asian cues eased near-term risk sentiment, but continued foreign selling and corporate earnings kept investors cautious.
Finance Minister Nirmala Sitharaman held a series of high level meetings in Singapore on October 11, 2026, pressing sovereign funds and private investors to increase long term investments into Indian infrastructure, semiconductors, digital finance and healthcare projects.
At the India Mobile Congress on October 10, regulators and industry leaders made clear that three licensed satellite operators will be treated equally, but commercial launches remain stalled until the government finalizes spectrum pricing and security clearances. The stance narrows the dispute around Starlink, while highlighting commercial and regulatory choices that will shape competition between terrestrial and space based broadband in India.
India's GST Council approved a sweeping administrative reform package that removes arrest powers for GST officers, raises the prosecution threshold to Rs 5 crore and eases several compliance burdens for businesses, a shift officials say is aimed at improving ease of doing business and reducing coercive enforcement.
Reliance Industries announced Jio Platforms will launch an initial public offering on October 21, 2026, seeking at least Rs 30,000 crore and positioning the telecom and digital arm for rapid expansion and debt reduction at the group level.
The Reserve Bank of India raised the repo rate by 25 basis points and signalled a calibrated tightening stance, prompting a spike in bond yields, fresh foreign investor selling and early bank rate adjustments on October 8, 2026.
The Reserve Bank of India on October 7 raised its policy repo rate by 25 basis points to 5.50 percent, ending a nearly four year pause and shifting policy stance to calibrated tightening. The move responds to a stronger growth backdrop and renewed inflationary pressures, and will affect borrowing costs, the rupee and market expectations for further hikes.