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India Industry and Business

RBI Signals No Immediate Rate Cuts as Inflation Risks Strengthen

Bold News Digital Oct 22, 2026

MUMBAI, Oct 21: The Reserve Bank of India's Monetary Policy Committee has indicated that interest rate cuts are unlikely in the near term, as policymakers remain concerned about inflation spreading beyond food and fuel amid rising energy prices and persistent cost pressures. Minutes of the committee's October 5-7 meeting, released on Wednesday,…

India’s Infrastructure Output Grows 7.9% in September on Strong Power and Refinery Production

Bold News Digital Oct 22, 2026

NEW DELHI, Oct 21: India's infrastructure output expanded 7.9 per cent year on year in September, reaching its strongest level under the current data series as higher electricity generation, refinery production and mining activity supported…

BIz & Economy

IMF Urges India to Let Rupee Adjust to Oil Shock as Currency Recovers

Bold News Digital Oct 22, 2026

MUMBAI, Oct 21: The International Monetary Fund has urged India to allow the rupee to adjust more freely to external economic pressures, arguing that exchangerate flexibility can serve as the first line of defence when economies face global…

BIz & Economy

Jio Platforms IPO Draws Strong Investor Demand as Indian Markets Focus on Technology Stocks

Bold News Digital Oct 22, 2026

MUMBAI, Oct 21: Jio Platforms Ltd's much-anticipated initial public offering (IPO) attracted strong investor demand on Wednesday, with the ₹30,213-crore issue fully subscribed within approximately 100 minutes of opening, marking a…

BIz & Economy

Oil Prices Climb as Middle East Supply Disruptions Fuel Market Concerns

Bold News Digital Oct 21, 2026

SINGAPORE, Oct. 21: Oil prices climbed on Wednesday as escalating security risks across the Middle East heightened concerns over crude supplies and maritime transport, with traders monitoring threats to shipping routes and critical Saudi…

BIz & Economy

Indian Rupee Set for Gains as Jio IPO Inflows Offset Oil Price Risks

Bold News Digital Oct 21, 2026

MUMBAI, Oct 21: The Indian rupee was expected to strengthen on Wednesday, supported by anticipated foreign currency inflows linked to the Jio Platforms initial public offering (IPO) and continued intervention by the Reserve Bank of India…

BIz & Economy

3M Raises 2026 Profit Guidance as AI Data-Centre Demand Accelerates

Bold News Digital Oct 21, 2026

NEW YORK, Oct 20: US industrial conglomerate 3M raised its full-year 2026 earnings forecast on Tuesday after reporting stronger than expected quarterly profits, supported by improved operating efficiency and increasing demand for products…

BIz & Economy

European Corporate Earnings Outlook Strengthens Beyond AI and Energy

Bold News Digital Oct 21, 2026

LONDON, Oct 20: European companies are heading into the third-quarter earnings season with stronger profit expectations, supported by elevated energy prices, investment in artificial intelligence infrastructure and improving performance…

BIz & Economy

Jio Platforms Opens Record $3.2 Billion IPO as Indian Markets Gain

Bold News Digital Oct 21, 2026

MUMBAI, Oct 21: Jio Platforms opened its initial public offering (IPO) for public subscription on Wednesday, launching a record $3.2 billion share sale that is expected to test investor appetite for India's technology and telecommunications…

BIz & Economy

Global Oil Market Faces Fresh Uncertainty as West Asia Tensions Threaten Supply Routes

Bold News Digital Oct 20, 2026

SINGAPORE, Oct 20: Global energy markets remain vulnerable to renewed volatility as geopolitical tensions in West Asia threaten shipping routes and complicate the outlook for crude oil supplies, increasing uncertainty for governments,…

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