*Financial News*
Source: Leading Newspapers
*Compiled by Rudra Shares*
Vande Mataram
Friday, 16 October 2026

*Commodities*
• Silver – Spot: Rs 208424
• Gold – Spot: Rs 145511
• Investors predict a new record price for gold within the next two years.

*IPO & Capital Markets*
• Sahajanand Medical Technologies IPO subscribed 34% on Day 1.
• Bonfiglioli Transmissions IPO subscribed 47% so far on Day 1.
• Zetwerk IPO subscribed 22% on opening day; GMP at 15%.
• Fusion CX IPO fully subscribed on Day 2; retail portion booked nearly 4x.
• Tonbo Imaging India IPO subscribed 4x on opening day; GMP jumps to 72%.
• HD Fire Protect IPO subscribed 132x on Day 3; GMP at 33%.
• Tonbo Imaging IPO subscribed 4x on Day 1, led by strong NII demand.
• Jio Platforms MD says IPO proceeds will make the company net-debt-free.
• SEBI retains 30-minute VWAP for derivatives expiry settlement and revises closing auction timings.
• SEBI plans simpler listing rules, wider bond market access and an AI sandbox.
• HDFC, ICICI Prudential and Tata Mutual Fund halt fresh investments in gold ETFs ahead of the festive season.

*Banking & Financial Services*
• Demand for bank loans rises amid hardening yields.
• Fairfax chief Prem Watsa says he aims to ride India's growth story over the next decade through IDBI Bank.
• Supreme Court ruling deals a heavy blow to Yes Bank's risk equity capital.
• Fairfax Financial plans to merge Digit and IIFL Capital with IDBI Bank.
• FIIs net sell Rs 5,285 crore, while DIIs net buy Rs 3,319 crore on October 15.

*Market & Economy*
• India's current account deficit narrows to $5.2 billion in August as capital account surplus hits $50.6 billion.
• India's September goods exports rise 23% as imports hit a six-month low, narrowing the trade deficit.
• Finance Minister Nirmala Sitharaman flags critical minerals and AI as priorities for the World Bank and seeks a review of governance indicators.

*Corporate*
• Wipro's large deal bookings hit a 19-quarter low; CEO expects a Q3 rebound.
• Groww expects F&O volumes to normalise after SEBI's CAS rethink, not rise; MTF book adds Rs 576 crore.
• Netweb, ESDS Software, Hitachi Energy India and other AI-related stocks fall amid a global AI selloff.
• Akash Ambani says Jio's pricing per GB is the lowest globally ahead of the Jio Platforms IPO.
• Jio targets 10 crore homes and a $56-billion enterprise market as Akash Ambani outlines expansion plans.
• Tata Trusts row: Mehli Mistry opposes further delay in the trustee dispute and raises eligibility questions.
• Swiggy launches a multi-restaurant ordering feature.
• Auto industry faces a cost squeeze as steel and freight prices surge; further price hikes likely.
• Tyre makers are ready for BS-VII abrasion norms but seek clarity on testing rules.
• AUM Ventures aims to close a Rs 750-crore fund by March 2027, focusing on deep-tech.
• Fairfax Financial plans to merge Digit and IIFL Capital with IDBI Bank.

*Business*
• Two-wheeler growth set to slow to just 2% in FY28 after the GST boost fades, says Bernstein.
• Paras Health to use Rs 375 crore from its IPO to pare debt and plans an 800-bed expansion.
• Mankind Pharma to acquire a 70% stake in a Belgian biotech firm for €48 million.
• AstraZeneca strikes a $40-million AI drug discovery deal with Insitro.

*Politics & Government*
• Sitharaman flags critical minerals and AI as priorities for the World Bank and seeks a review of governance indicators.
• Maharashtra FDA chief Tukaram Mundhe bans the sale of loose spices.
• D K Shivakumar orchestrated a sting operation to oust Siddaramaiah, alleges H D Kumaraswamy.
• President Murmu accepts Minister L Murugan's resignation.
• Sarbananda Sonowal calls Congress the ‘seed of division’ and hails Modi as the architect of a new India.
• Rahul Gandhi urges the President to reconsider Dushyant Gautam's appointment as Governor until the CBI completes its probe into the Ankita murder case.

Jai Hind
Rudra Hai to Mudra Hai
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