Orkla India secured Rs 500 crore from anchor investors. This precedes its Rs 1,667 crore Initial Public Offering opening on October 29. The company, known for MTR and Eastern brands, is offering shares through a complete Offer for Sale. Promoters and other shareholders are divesting stakes. Orkla India will list on November 6.

Markets are holding steady ahead of the Federal Reserve s interest rate decision on Wednesday. Investors are anticipating a 25 basis point rate cut. Recent US data on consumer confidence and private payrolls showed minimal impact on Treasury yields. Attention is also on how the Fed will consider the US government shutdown s economic effects.

India’s PSU banks may receive up to $4 billion in passive inflows if the government raises the foreign institutional investment limit to 49%, according to Nuvama Institutional Equities. The move could drive strong rallies in key lenders like SBI, PNB, and Indian Bank, with expectations already boosting valuations.

Tata Capital has announced its second-quarter financial results. The company saw a modest two percent rise in net profit, reaching one thousand ninety-seven crore rupees. Net interest income experienced a significant twenty-three percent increase. Assets under management also grew substantially, indicating strong business performance across various segments.

Adani Green Q2 Results: Adani Green more than doubled its profit year-on-year in the second quarter to Rs 583 crore. The bottomline rose 111% from Rs 276 crore posted in the last year quarter. Total income during the quarter, however, fell 4% YoY to Rs 3,249 crore.

Signature Global raised Rs 875 crore through NCDs from IFC, using over half to retire debt and the rest for Sohna land acquisition. The A+ rated NCDs mark its first listed debt issue, reflecting strong ESG focus and sustainable growth plans.

Despite a weak broader market, six PSU bank stocks—SBI, PNB, Bank of Baroda, Canara Bank, Indian Bank, and Bank of India hit fresh 52-week highs. Analysts expect up to $4 billion in FII inflows if the government raises the investment cap for foreign investors.

Apple has crossed a significant milestone, reaching over four trillion dollars in market value. This achievement comes as demand for its new iPhone models surges. The company s shares have seen a strong rebound this year. Despite concerns about its progress in artificial intelligence, Apple s latest iPhones are performing well.

Wall Street s main indexes opened at record highs on Tuesday after upbeat forecasts from companies such as UnitedHealth and UPS, while Apple topped $4 trillion in market value for the first time, boosted by strong demand for its latest iPhone models.

Microsoft and OpenAI on Tuesday said they had reached a deal to allow the ChatGPT maker to restructure itself into a public benefit corporation, valuing OpenAI at $500 billion and clearing the way for it to become a publicly traded company.