*Financial News*
Source: Leading Newspapers
*Compiled by Rudra Shares*
Vande Mataram
Saturday, 17 October 2026

*Commodities*
• Silver – Spot: Rs 210664
• Gold – Spot: Rs 145894
• Brent crude hits $110 for the first time since May as Middle East conflict and Russian supply risks fuel the rally.

*IPO & Capital Markets*
• Fitness platform Cult.fit receives SEBI approval for its IPO.
• Tonbo Imaging India IPO subscribed nearly 8x on Day 2; GMP at 72%.
• Jio listing to make Reliance India's most valuable business group.
• Fusion CX IPO subscribed 4.5x on Day 3; NIIs and retail investors lead demand.
• Zetwerk IPO subscribed 31% on the second day of bidding.
• Jio is a compelling addition, not a replacement, in fund managers' telecom portfolios.
• Bonfiglioli Transmissions IPO subscribed 99% on Day 2; GMP at 24%.
• Sahajanand Medical Technologies IPO subscribed 82% on Day 2.
• SEBI clears IPO plans of Cult.fit, Sohan Lal Commodity Management and two others.
• Ravita Engineering Services IPO subscribed 6.68 times on the final day.
• LTCG tax changes must balance equity and efficiency, says NITI Aayog Vice Chairman.

*Banking & Financial Services*
• South Indian Bank aims for 16% loan growth in FY27 amid West Asia war risks.
• HSBC has used over half of its $1-billion startup fund within a year, says Global Innovation Banking Head David Sabow.
• Ujjivan SFB to raise Rs 409 crore from IFC and three insurers.
• Yes Bank shares tumble 17% in two days following the Supreme Court's AT-1 bond verdict; S&P expects the lender to remain adequately capitalised.

*Market & Economy*
• Growth moderation and valuation headwinds ahead for Nestle despite strong Q2.
• India's peak power demand exceeds 250 GW through most of September.
• India needs 8–9% growth to become a developed nation by 2047.
• For global trade's sake, hope the US deal is inked soon, says FM Nirmala Sitharaman.
• Brent crude hits $110 for the first time since May as Middle East conflict and Russian supply risks fuel the rally.

*Corporate*
• Omaxe and Lemon Tree ink pact to manage 10 upcoming hotels worth Rs 4,000 crore.
• ITC Hotels expands NCR presence with a 104-key Welcomhotel in Manesar.
• ONGC weighs standalone and joint venture models for a new greenfield refinery.
• Starlink responds to Reliance, saying it is ready to connect India with high-speed internet.

*Business*
• Motor insurers seek third-party premium deregulation and an end to knock-for-knock pacts.
• Domino's Pizza outlets among 25 food establishments facing licence suspension in Maharashtra; FDA seizes 81,330 kg of food worth Rs 1.73 crore.
• NITI Aayog explores policies to boost India's medical and dental device manufacturing industry.
• Telangana woos Hyundai for a car plant and seeks to fast-track Rs 8,528 crore in R&D.

*Industry & Infrastructure*
• Government approves Rs 1,195 crore for ITI cluster modernisation.

*Politics & Government*
• Cockroach Janta Party's Mumbai protest sees a lukewarm response.
• Opposition's duty is to oppose the government and seek regime change through polls, says Congress.
• BJP attacks the Opposition over its 'regime change' chorus, saying it has exposed its agenda.
• Contempt notices issued to Sanjay Raut and Nikhil Wagle over remarks against the CJI and judiciary.
• Mallikarjun Kharge writes to Prime Minister Modi, demanding an all-party meeting on delimitation.

Jai Hind
Rudra Hai to Mudra Hai
For more details:
www.rudrashares.com