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Delayed 15 min · 11:34 GMT

FLASH

China industrial profits jump 14.4% in September on AI demand South Korea Q3 GDP grows 1.0%, triple the central bank’s forecast Wall Street lines up $63B to fund Broadcom AI chips for Anthropic Brazil’s Ibovespa crashes ~14% after Lula’s surprise runoff win Central banks' super week: Fed, ECB, BoJ seen holding; Canada may hike Moody’s spares France a downgrade as 10-year yield tops 5% Oil slips from six-month highs as Qatar mediates in Tehran China’s Fifth Plenum opens as AI exports mask weak home demand Lula wins, Brazil markets brace for shock sell-off; Tokyo Brazil ETF plunges ~15% Brazil votes today: Lula faces Flávio Bolsonaro in runoff

China industrial profits jump 14.4% in September on AI demand South Korea Q3 GDP grows 1.0%, triple the central bank’s forecast Wall Street lines up $63B to fund Broadcom AI chips for Anthropic Brazil’s Ibovespa crashes ~14% after Lula’s surprise runoff win Central banks' super week: Fed, ECB, BoJ seen holding; Canada may hike Moody’s spares France a downgrade as 10-year yield tops 5% Oil slips from six-month highs as Qatar mediates in Tehran China’s Fifth Plenum opens as AI exports mask weak home demand Lula wins, Brazil markets brace for shock sell-off; Tokyo Brazil ETF plunges ~15% Brazil votes today: Lula faces Flávio Bolsonaro in runoff

Industries

Jio raises ₹8,110 crore from anchors as India’s biggest IPO opens

Jio Platforms sold its anchor book at the top of the price band, with institutional demand above ₹2.5 lakh crore. The record IPO opens to the public tomorrow.

News | 20 October 2026

Jio raises ₹8,110 crore from anchors as India’s biggest IPO opens

Jio raised the money from 212 anchor investors, including LIC and Capital Group, ahead of its ₹30,188-crore IPO opening on October 21.

Institutional demand topped ₹2.5 lakh crore, reportedly the first time an Indian IPO has crossed that mark. Anchors included Abu Dhabi Investment Authority, the Government of Singapore, Qatar Investment Authority and Norges Bank.

Jio is selling about 2.9% of the company and will use up to ₹27,500 crore, roughly 91% of the issue, to repay loans at Reliance Jio Infocomm.