📰 India Business Brief: Top Headlines for October 13, 2026

The Economic Times

• Reliance Jio Takes ₹30,000 Crore IPO Pitch Global: Akash and Isha Ambani have begun presenting Jio's massive initial public offering pitch to marquee international investors, who are actively seeking substantial allocations in the landmark public issue.

• HCLTech Posts Strong Q2 Earnings: IT major HCLTech announced a 21% year-on-year surge in second-quarter consolidated net profit to ₹5,132 crore, backed by an 11% climb in revenue and accelerating enterprise digital contracts.

• Retail Inflation Prints at 5.54% for September: Headline retail inflation stood at 5.54% for the previous month, as economic policymakers monitor food and energy prices while a Fitch unit revised India's FY27 growth projection upward to 7.5%.

• Rupee Rebounds 1% on RBI Measures: The Indian rupee strengthened by approximately 1% following targeted interventions and regulatory curbs by the central bank designed to rein in speculative dollar demand.

• Mesa School of Business Secures Funding: Higher-ed startup Mesa School of Business raised ₹110 crore in fresh funding at a valuation of ₹385 crore to expand its executive management programs.

Business Standard

• RBI Tightens Rupee Derivatives and Widens Cash Reserve Mandates: In an aggressive push to shield the currency against persistent crude price shocks and capital outflows, the central bank broadened its 20% cash reserve requirement and tightened derivative rules to curb speculative foreign exchange positions.

• Benchmark Indices Eye Cautious Opening Amid Global Weakness: The GIFT Nifty signaled a mildly positive start near 22,408 despite widespread risk-off sentiment in Asian equity markets, where South Korea's Kospi plummeted over 6% amid a rout in tech stocks.

• Primary Market Activity Heats Up: The IPO for fire-fighting equipment maker HD Fire Protect opened for bidding to raise ₹712.31 crore, while SME issue Vaibhav Vyapaar launched its ₹42.10 crore public offer.

• Oil Futures Retrace Below Peak: Brent crude futures settled near $105.4 per barrel after easing 1.2%, as international energy markets assessed prospective Russian diesel supply dynamics.

• Heavyweight Earnings Lineup: Market participants are closely watching second-quarter scorecards scheduled for release today from Hero Motors, ICICI Prudential Life Insurance, Anand Rathi Share and Stock Brokers, and Transformers and Rectifiers (India).

Mint

• Bond Yields Surge to 7.37% on Liquidity Squeeze: The 10-year Indian government bond yield spiked to a three-year high of 7.37% following the RBI’s tightened daily liquidity drain, coming against the backdrop of heavy foreign institutional outflows totaling over ₹45,125 crore in early October.

• Advanced AI Fuels HCL Tech's Sequential Momentum: Expanding on quarterly performance, HCL Tech reported quarterly revenue of ₹35,620 crore, highlighted by a notable 28.4% sequential leap in constant-currency Advanced AI revenues and an interim dividend declaration of ₹12 per share.

• RBL Bank Net Profit Jumps to ₹482 Crore: Private sector lender RBL Bank delivered solid asset quality improvement and profit growth in Q2, with gross non-performing assets (NPAs) softening to 1.02% from 1.30% in the previous quarter.

• Order Inflows for Infrastructure and Engineering: IRCON International won an EPC contract valued at ₹862.46 crore from East Central Railway for rail track infrastructure, while Azad Engineering secured a ₹52.68 crore supply agreement from BHEL for gas turbine airfoils.

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