The Odisha government on Friday intensified relief and rescue operations and prepared to air-drop food packets in flood-hit Ganjam and Gajapati districts, where thousands of people have been marooned for over 24 hours due to floods triggered by incessant rain during cyclone Arnab, officials said.

Indian retail investors borrowed ₹2,228 crore ($234.06 million) to buy Jio Platforms shares ​on Wednesday, making it the fourth-largest margin-funded stock in the country, as strong listing-day demand encouraged traders to take on more risk.

Shares of billionaire Mukesh Ambani's telecom and digital company jumped 26.7% in debut trade, valuing it at around $137 billion and making it India's ‌second-largest listed company by market capitalisation.

Amid the IDBI bank disinvestment row, Congress leader Rahul Gandhi has expressed solidarity with the bank employees and questioned the government's decision to sell off the profitable public bank to a Canadian firm.

The Leader of Opposition in the Lok Sabha asserted that public banks are not assets to be sold off, they are tools to build the nation.

Hedging dollar interest payments on foreign currency non-resident (bank), or FCNR(B), deposits is set to become costlier for banks, with the Reserve Bank of India (RBI) requiring the lenders to set aside cash equivalent to 20 per cent of the exposure under its Foreign Exchange Risk Reserve (FERR) framework introduced earlier this month.

Fino Payments Bank reported a net loss of Rs 20.9 crore in the July-September quarter of FY27, with profitability affected by margin compression and higher depreciation following the migration of its core banking system.

Revenue rose 9 per cent sequentially to Rs 333.6 crore, while earnings before interest, taxes, depreciation and amortisation declined 19 per cent to Rs 35.1 crore.

Medanta co-founder Sunil Sachdeva-led Eleven Power Private Ltd (EPPL) has said it will pursue legal remedies after the Haryana Electricity Regulatory Commission (HERC) halted the process of granting it a parallel electricity distribution licence for Gurugram and Nuh.

Jio Platforms Ltd.’s sparkling debut was met with enthusiasm among investors, paving the way for more potential offerings by some of the country’s largest privately held companies.

The massive demand for Jio’s listing showed investors remain willing to commit significant capital to marquee deals, even against a difficult backdrop for Indian equities, according to investment bankers.

In a stinging remark, the Supreme Court on Thursday orally remarked that the Ministry of Corporate Affairs has completely hijacked the National Company Law Tribunal and its appellate body, NCLAT.

While calling for autonomy for the NCLT and NCLAT presidents over appointments, a bench comprising Chief Justice Surya Kant.

Andhra Pradesh Chief Minister N Chandrababu Naidu on Thursday directed officials to expedite relief operations, restore electricity, and fast-track compensation for people in areas affected by Cyclone Arnab, as the government continued relief and restoration work following the cyclone.

Amazon and Tata Motors on Tuesday announced a collaboration to deploy 3,000 electric trucks across Amazon’s transportation network in India, marking what the companies said would be the largest electric-truck deployment by an e-commerce company in the country.

The move marks Amazon’s most significant effort yet to extend fleet electrification beyond last-mile delivery.

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