Frosty’s Ledger

Cult.fit IPO alert: Fitness major receives SEBI nod for proposed IPO - Check OFS, fresh issue mix details

SEBI has approved Cult.fit’s IPO, which aims to raise up to ₹950 crore through a fresh share issue and an offer for sale of up to 17.86 crore shares. The company plans to use proceeds to expand its fitness centres and fund marketing and other business initiatives.

Mint·Fin. Express·ET3 papersYesterday 8:30 PM

• Sebi's IPO nod to Cult.fit, Eswari Global Metal, Sohan Lal CommodityBS
• SEBI’s proposed SME IPO overhaul: Fewer weak issuers, lower costs and a bigger test for investor demandMoneycontrol

Brent crude hits $110 a barrel for first time since May as supply concerns mount

Diesel and gasoline futures also climbed as traders assessed geopolitical risks, disrupted energy infrastructure and limited prospects for immediate supply relief…

BusinessLine·Moneycontrol·Bloomberg3 papers5:57 AM

• Crude Oil Heads For Weekly Gain: Brent Rises 2% To Hit $108/Barrel As Ship Attacks Disrupt FlowsNDTV Profit

Bajaj Housing Finance Q2 profit rises 18% to ₹757 cr, income up 18.3%

Bajaj Housing Finance reported an 18% rise in Q2 FY27 net profit to ₹757 crore, while total income grew 18.3% to ₹3,251 crore and assets under management increased 25% to ₹1.58 trillion.

BS·ET·BusinessLine3 papersYesterday 9:52 PM

Indonesian stocks sink most since 1998 on MSCI downgrade warning

Reuters·Moneycontrol·WSJ3 papersYesterday 8:10 AM

• Indonesia stocks, rupiah tumble as MSCI weighs market downgradeET
• Beyond the sell-off: What an MSCI downgrade threat could mean for IndonesiaBS

FSSAI issues notice to Radisson Blu Delhi operator over hygiene lapses

The Food Safety and Standards Authority of India (FSSAI) on Friday issued a notice to AB Hotels Ltd, which operates the Radisson Blu Hotel in New Delhi, for failing to comply with food safety and hygiene requirements and directed it to take immediate corrective…

BS·BusinessLineYesterday 3:28 PM

• Freedom Rice Bran Oil under scrutiny: Why FSSAI issued notices to BigBasket, FlipkartMint
• FSSAI acts against Radisson Blu, e-commerce platforms over safety lapsesBS

Wall Street tumbles as worries about AI trade and high oil prices weigh

Reuters·ET3:15 AM

• Chip selloff deepens Wall Street losses as doubts grew over AI returnsET
• Microsoft’s AI strategy gains traction as Wall Street bets on cloud growthET

Karur Vysya Bank targets 18-20% credit growth in FY27, corporate lending capped at 20%

Karur Vysya Bank (KVB) aims for 18-20 percent growth in total advances for the fiscal year 2027. The bank focuses on retail, agriculture, and MSME lending, which constitutes 86 percent of its advances.

ET·Fin. Express·Moneycontrol3 papersYesterday 9:52 PM

• South Indian Bank aims 16% loan growth in FY27 amid West Asia war risksBS
• Karur Vysya Bank shares rally 6% after Q2 profit jumps 37% YoYET

AI Agents Broke Into Indian Companies' Live Systems Without Permission, CERT-In Warns

The advisory highlights risks from exposed login credentials, access to personal and confidential business data, and AI-based offensive-security tools used in financially motivated cyberattacks.

NDTV Profit·ReutersYesterday 11:17 PM

• AI risks may outweigh benefits without safeguards, warns IMF chiefBS
• 'Cert-In alert on AI agents an early warning, no major financial loss'BS

India's GDP to grow 7.1-7.3% in FY27, pvt investment to revive: Deloitte

Deloitte India has raised its FY27 growth forecast from 6.5-6.8 per cent, citing sustained private demand and improving investment conditions, while flagging geopolitical risks.

BS·BusinessLine·ET3 papersYesterday 7:13 PM

• World Bank ups India's GDP growth projection to 7.1% for FY27The Hindu

Palestinians and US journalist injured by Israeli settlers in West Bank harvest attack

The BBC sees masked settlers attack Palestinians trying to harvest olives, amid a surge in similar incidents.

BBC·Reuters·FT3 papersYesterday 8:01 PM

EAM Jaishankar will hold talks with Marco Rubio in Mumbai on Oct 20: MEA

The discussions are expected to cover key areas of bilateral cooperation, including energy, critical energy issues, and regional and global developments, the MEA said…

BS·BusinessLineYesterday 6:33 PM

• MEA defends Jaishankar’s Mumbai meetings with RubioBusinessLine
• Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To IndiaNDTV Profit

China says ready to address each other's concerns after Sitharaman flags trade barriers

China said it was ready to work with India to allay its concerns of rising trade imbalance. Finance Minister Nirmala Sitharaman said the trade imbalance was due to China's restrictions in market access to Indian goods and services.

ET·NDTV ProfitYesterday 7:52 PM

• China's trade barriers remain a hurdle to closer bilateral ties: SitharamanBS
• China’s non-tariff barriers biggest hurdle to bilateral trade: FMFin. Express

Yes Bank flags 250-bps impact on core capital ratio after Supreme Court upholds AT-1 bond write-off ruling

Yes Bank said its Common Equity Tier 1 capital ratio could fall by about 250 basis points after the Supreme Court upheld a ruling against the 2020 write-down of ₹8,415 crore in AT-1 bonds.

Mint·BS·Reuters·ET4 papers12:21 AM

• Yes Bank’s CET1 ratio to take 250-basis-point hit after AT1 bond rulingBusinessLine
• Yes Bank weighs next steps after SC upholds verdict on AT-1 bond write-downET

Satcom row: Reliance welcomes competition, says Indian laws apply to all

Reliance Industries welcomed competition from Elon Musk's Starlink in India's satellite communications market but stressed that all operators must comply with Indian laws.

BS·Moneycontrol·ET3 papersYesterday 11:45 PM

• Reliance responds to Elon Musk’s allegations, says it welcomes competitionThe Hindu

Iveco Group shareholders approve Tata Motors' takeover proposals

Iveco shareholders approved key resolutions for Tata Motors' €3.91 billion acquisition, lowering the minimum share acceptance threshold from 95% to 80% and easing the path to completion.

BS·ET·Moneycontrol3 papersYesterday 5:23 PM

Reliance hits back at Musk, says Jio’s satellite services also await clearances

Reliance said on X that it wanted to “place the facts on record” amid recent remarks about the company and the Indian market…

BusinessLine·Reuters·Fin. Express3 papers1:10 AM

Snabbit’s FY26 loss widens 29-fold to ₹168 crore

Snabbit has raised $112 million across five funding rounds and was valued at $377 million following its Series D round…

BusinessLine·Moneycontrol4:44 AM

• Snabbit operator posts ₹167.75 cr loss in FY26; revenue rises to ₹12.25 crBS

Centre sets sugar diversion for ethanol at zero in 2026-27 tender

India has directed oil marketing companies to exclude sugar-based ethanol from the 2026-27 tender, setting sugar diversion at zero amid concerns over domestic sugar supplies and record-high prices.

BS·ETYesterday 9:23 PM

• Govt Halts Sugar Diversion For Ethanol In 2026-27 As Retail Prices Hit Record HighNDTV Profit

US budget deficit rises to nearly $2 trillion in 2026, highest in five years

Record federal outlays and rising debt servicing costs weighed on US finances, while tariff refunds and higher defence spending added pressure…

BusinessLine·CNBC·ET3 papers6:00 AM

• US annual budget gap hits nearly $2 trillion, largest in 5 yearsReuters

‘Not a fan of Zelenskyy’: Trump rebukes Ukraine leader over resuming strikes on Russian refineries

ET·Reuters·WSJ3 papersYesterday 11:24 PM

• Zelenskyy slams Trump's Russian diesel deal, calls peace move a 'parody'BS
• Brent oil touches $110 as Iran escalates Hormuz attacks, Ukraine vows to hit Russian refineriesCNBC

U.S. presses China on Mastercard, Citigroup market access in bilateral Bangkok talks, official says

The U.S. raised market access issues for Mastercard and Citigroup in China during bilateral meetings in Bangkok this week, a U.S. Treasury official says.

CNBC·NDTV ProfitYesterday 10:16 PM

US Stock Market today: Why have S&P 500, Nasdaq, Dow Jones suffered biggest drops since June? Top, worst performing stocks at Wall Street

US Stock Market: Energy stocks held up better than most. Exxon rose 2.5 per cent and Chevron added 2.6 per cent. Alcoa rose 2.5 per cent and The Travelers Cos. gained 1.5 per cent after the companies reported quarterly results that topped Wall Street forecasts.

ET5:13 AM

• US stocks: S&P 500 muted as AI concerns hit chip stocks; bank gains lift DowET
• Pulse of the Street: Best week since April market puts recovery to the earnings testMint

Pope Leo XIV celebrates Mass in hospital in first photos released since surgery

The Vatican on Friday released the first picture of Pope Leo XIV following his surgery, as the Pontiff attended Mass at Rome's Gemelli Hospital and doctors reported a steady improvement in his overall health condition.

MintYesterday 11:49 PM

• Pope pictured for first time since surgery and cancer diagnosisBBC
• Pope Leo lung cancer raises serious questions about cancer risk for nonsmokers. Here's what researchers are sayingET

GMR Aero Technic, Logic Air ink MoU to team up in aircraft modification, engineering capabilities

The partnership will also explore opportunities across the Middle East and Asia-Pacific…

BusinessLine4:51 AM

• Boeing 737NG, ATR, Dash 8 upgrades on agenda of GMR Aero Technic’s pact with Canadian firmThe Hindu

Apple’s $1,999 foldable iPhone Duo preorder sells out in minutes, deliveries pushed to late January

Apple’s $1,999 foldable iPhone Duo sold out within minutes of preorders opening, with delivery estimates extending to late January, according to reports. The launch marks Apple’s entry into a foldable smartphone market dominated by established rivals.

Mint·ETYesterday 9:59 PM

• Apple’s $1,999 iPhone Duo puts the company's status-symbol power to the testCNBC
• Apple iPhone Duo pre-orders begin in India today: Check prices, storage variants and offersMint

Microsoft president warns Trump’s H-1B crackdown could push top AI talent abroad

Brad Smith defended Microsoft’s immigration practices, citing lengthy green card backlogs, consistent employee compensation and the company’s recruitment of American workers…

BusinessLine·ET5:09 AM

• Microsoft president flags risk of US losing skilled tech workers over green card curbsMoneycontrol

EXCLUSIVE: Iran ships some LPG, jet fuel despite US blockade, data shows

Reuters·Moneycontrol·ET3 papersYesterday 5:33 PM

Meta releases Muse Spark Open, a new ‘open-weight’ AI model

Meta says Muse excels at ‘multi-step reasoning’ and ‘complex software engineering’ as it races to catch up to Chinese rivals Meta on Thursday launched a new open-weight AI model which it claims rivals, and in some cases outperforms, similar products from leading…

Guardian·Moneycontrol·ET3 papersYesterday 6:04 AM

Editorial. Fatally expensive

To combat high drug prices, caps alone will not work…

BusinessLine5:05 AM

AI: Rise of ultra processed thought

We ultra-processed our food and paid with our health. AI, with no goal other than self-perpetuation, may sieve out thought…

BusinessLine5:05 AM

Pocket

BusinessLine4:55 AM

Best of Opinion: India must bring its brightest minds home, like China did

Today's columns examine India's failure to use its skilled diaspora, succession challenges in family businesses, Rahul Gandhi's political strategy, and resistance to resource-intensive data centres…

BS6:15 AM