Stories
Oil Holds Near $105, Jio IPO Boosts Reliance, and Indian Salaries Projected to Rise 9.1%
- •Brent crude holds near $105 a barrel as renewed attacks from Russia to West Asia threaten global oil supplies.
- •Reliance Industries shares gained after Jio Platforms announced details for what could become India's largest IPO.
- •Anthropic reported a 45% sequential revenue surge to $16.8 billion in the third quarter, easing concerns over AI development costs.
- •A survey projects Indian salaries will rise 9.1% in 2026-27, with NBFC, energy, and infrastructure sectors leading the growth.
- •Mumbai Police directed actor Imran Khan to leave India by October 28 due to alleged immigration law violations.
Key Questions Answered
Reliance Industries shares gained close to 2.5% after its unit, Jio Platforms, announced details for what is expected to be India's largest IPO. The company will issue 27 crore shares as a complete fresh issue with no Offer For Sale component.
The Mumbai Police issued a notice to Bollywood actor and American national Imran Khan, directing him to leave India by October 28 for allegedly violating provisions of the Immigration and Foreigners Act. This action followed his participation in an agitation in Mumbai on October 10 demanding the resignation of the Chief Election Commissioner.
Salaries in India are projected to rise by 9.1% in 2026-27, driven by the non-banking financial companies, energy, real estate, and infrastructure sectors. NBFCs are expected to lead the growth at 10.1%, followed by the energy sector at 9.9%.
