Jio Mega IPO Oversubscribed in 100 Minutes, Bids Cross Record Highs
The 30,213 crore rupees Jio initial public offering has made history after being oversubscribed within 100 minutes, surpassing Hyundai Motor India's 27,070 crore rupees offering. The issue was subscribed 1.65 times overall, with the qualified institutional buyer category receiving bids for 4.86 times the reserved quota. High-net-worth individual subscription touched 63 percent, while the employee portion was fully booked. The anchor book attracted bids exceeding 12.5 lakh crore rupees, with 8,110 crore rupees worth of shares allocated to investors. Plans also outline utilizing up to 27,500 crore rupees to repay or prepay existing borrowings.
US Secretary of State Visits Jamnagar, Reliance Oil Refinery & Global Energy Ties
A high-level United States delegation led by the US Secretary of State has arrived in Jamnagar, Gujarat, to visit the Reliance Industries refinery complex. The visit comes as Washington seeks alternatives amid global energy disruptions and surging domestic diesel prices. Reliance's Jamnagar refinery, processing around 1.4 million barrels per day, holds capability for refining heavy and high-sulphur crude, including Venezuelan oil. The strategic engagement reflects potential cooperation between India and the United States in energy diversification and investments, while also strengthening India's energy sourcing autonomy amid ongoing conflicts in Eastern Europe and West Asia.
US Secretary of State Visits Jamnagar, Explores Energy Ties and Refinery Push
US Secretary of State Marco Rubio visited Jamnagar in Gujarat on the second day of his trip to India, focusing on energy partnerships and investment opportunities. Jamnagar is home to the world's largest oil refinery operated by Reliance Industries. Amid domestic diesel price pressures and ongoing international conflicts in West Asia and Eastern Europe, Washington is exploring avenues to partner with India's extensive refining infrastructure, including the processing of Venezuelan crude oil. Following bilateral discussions with External Affairs Minister S. Jaishankar in Mumbai, the Jamnagar engagement highlights strategic cooperation covering energy resilience, secure Indo-Pacific trade routes, and growing bilateral engagements in technology, defence, and civil aviation.
Sambit Patra: 'Who Wants Regime Change? Dawood Ibrahim, Zakir Naik'
Bharatiya Janata Party National Spokesperson and Lok Sabha MP Dr Sambit Patra launched a sharp attack against the Congress party and Rahul Gandhi, accusing anti-national elements and foreign forces of attempting to engineer a regime change in India. Patra alleged that individuals like Zakir Naik and Dawood Ibrahim desire a change of government to return to the country. Denouncing the opposition INDIA bloc's proposed 1 November 2026 protest at Ramlila Maidan, he claimed the date was deliberately chosen to echo 1 November 1984, which he described as a tragic day when Congress leaders orchestrated violence against Sikhs using electoral rolls. "1st of November 1984 was a black day in Indian democracy when the Congress Party had launched the Sikh pogrom," Patra stated, asserting that India's spiritual consciousness and democratic mandate under Prime Minister Narendra Modi would decisively defeat any attempts to incite street anarchy or destabilise the nation.