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Jio Platforms likely to launch IPO on October 21, seeks to raise $3.8 bn

The country's biggest listing to date is Hyundai Motor India's $2.9 billion listing in 2024, while the National Stock Exchange of India made its market debut last month after a $2.3 billion IPO

Schneider Electric confirms $22.6 billion deal to acquire US firm PTC

Schneider Electric's all-cash offer values PTC's equity at $22.6 billion and carries a 42.3 per cent premium to the US software firm's last closing price

West Asia crude exports exceed pre-war levels despite tanker attacks

West Asia crude exports exceeded pre-war levels on four days in late September even as tanker attacks increased in and around the Strait of Hormuz

Saudi-backed Yemeni govt forces secure control of Bab el-Mandeb Strait

Houthis make advances in Taiz; UN says war has displaced 184,000

AkzoNobel to sell Southeast Asia business to Nippon Paint for $1.35 billion

The Dulux paintmaker ​earlier divested its decorative paints operations in India and Pakistan for $1.6 billion and 50 million euros, respectively

Sebi may partly reverse derivative settlement rules after pushback

Sebi may use the last 30 minutes' volume-weighted average price for derivatives settlement, while retaining closing auctions for less liquid stocks

Flydubai co-pilot planned crash before airline job, say Israeli officials

A third source briefed on the UAE probe said the co-pilot, an Omani national, had planned to crash last Wednesday's flight into Ben-Gurion airport near ‌Tel Aviv

India, US have reached a plateau in trade talks, says FM Nirmala Sitharaman

Giving or taking more beyond that plateau would be 'very, very difficult' for both countries, Sitharaman said at an event in New Delhi

Consumer firm Marico expects double-digit revenue growth in second quarter

The company said its higher-end value-added hair oils segment, which includes premium and specialised products, posted growth touching twenties for the sixth straight quarter

Oil prices slip as West Asia crude exports rise, G7 to release stocks

Brent crude futures fell 66 cents, or 0.65%, to $101.59 a barrel at 0240 ‌GMT, while US West Texas Intermediate crude was at $90.12 a barrel, down 95 cents, or 1.03%

Brazilians head to polls in high-stakes, polarized presidential election

Lula and Flavio Bolsonaro lead a crowded field as economic worries, corruption and crime dominate the campaign

AI benefits warrant accepting some risks, says OpenAI's Sam Altman

Altman's remarks come amid a growing debate within the AI industry over the pace of development ‌and the risks posed by increasingly ​capable systems

Saudi Arabia unexpectedly cuts November oil prices for Asia to 6-year low

The largest West Asian crude exporter set the November Arab ‌Light crude oil official selling price ​to Asia at $5 a barrel below ​the average of Oman and Dubai prices, down $3 from the previous month

Trump names intelligence chief Jay Clayton as AI czar, to head task force

Trump, who has pushed to rename artificial ​intelligence as 'super intelligence', said Clayton would ​head the newly created Super Intelligence Force

Markets bet on RBI hike as inflation pressure builds, growth stays firm

Nearly 60% of ​economists polled by Reuters, 35 out of 61, expect a 25-basis-point rate hike at RBI's policy meeting ​on Wednesday

Saudi Arabia shelves $2.5 billion Neom Stadium plan for 2034 World Cup

The Neom Stadium was billed as an elevated arena in a glitzy 100-mile (160-km) steel and glass structure known as The Line, in turn part of the broader development known as Neom

Opec+ set to keep November oil output targets steady amid war disruptions

Gulf Opec+ ​producers have been pumping well below output targets in the face ​of continuing export disruptions from the US-Israeli war on Iran

South Korean Prez orders probe into data leaks across financial industry

South Korea has ordered a thorough investigation into recent data breaches at banks and public agencies, while regulators warned that AI may have been used in the attacks

Strait of Hormuz will not reopen until conditions are met, says Iran

Iran's parliament speaker Mohammad Baqer Qalibaf said the Strait of Hormuz will remain closed until Washington meets seven conditions agreed under a June interim pact

Iraq says it transported 2 million barrels of crude via Strait of Hormuz

The announcement means ​the company is transporting the crude through the strait rather than delivering it at the port of Basra