On October 15, 2026, Reliance Industries Limited (RIL) and other major companies will be in focus as the stock market opens lower, with the NIFTY50 index expected to drop by 36 points. Investors are closely watching the initial public offering (IPO) of Jio Platforms Ltd (JPL), the digital and telecom arm of RIL, which has filed its red herring prospectus (RHP) for what is anticipated to be India's largest IPO.
- Jio Platforms' IPO opens October 21 and closes October 23, 2026.
- Up to 49 companies, including Tech Mahindra and Wipro, will report quarterly earnings.
- Reliance Consumer Products launches new dairy brand Joyland in Tamil Nadu.
- CEAT plans a 4-6% price increase to offset raw material costs.
- GMR Airports forms a subsidiary for real estate ventures.
- Hathway Cable reports a 44.3% decline in net profit.
- Bajaj Consumer Care posts a 65.9% rise in net profit.
What is significant about Jio Platforms' IPO?
Jio Platforms Ltd has filed its red herring prospectus, signaling the launch of an IPO expected to be the largest in India. The offer includes up to 27 crore equity shares with a face value of ₹10 each. The subscription period runs from October 21 to October 23, with anchor investor bidding on October 19. Although the price band is not disclosed, reports estimate a fundraising target of around ₹30,000 crore. The shares are expected to list on October 28, 2026.
The IPO also reserves portions for eligible JPL employees (up to ₹500 crore) and Reliance shareholders (up to ₹2,500 crore), making it accessible to insiders and investors connected to Reliance.
Which companies are reporting earnings on October 15?
According to the Bombay Stock Exchange (BSE), up to 49 companies will release their September quarter (Q2 FY27) earnings. Notable names include Tech Mahindra, Wipro, Nestle India, Jio Financial Services, Polycab, South Indian Bank, Indian Railway Finance Corporation (IRFC), Indian Bank, Tata Communications, L&T Finance, Persistent Systems, and HDFC Asset Management Company.
What new products has Reliance Consumer Products launched?
Reliance Consumer Products Limited (RCPL), the FMCG arm of Reliance Industries, has launched 'Joyland,' a ready-to-drink dairy brand in Tamil Nadu. The initial flavors include strawberry and vanilla. This launch follows RCPL's recent entry into the ice cream market with Bombay Creamery. The company aims to expand its beverage portfolio and provide quality products at accessible prices.
How is CEAT responding to rising raw material costs?
CEAT Ltd, a tyre manufacturer, plans to increase prices by 4-6% across categories in the current quarter to offset higher costs of raw materials such as rubber and petroleum-based products. Despite previous price hikes, the company experienced a nearly 40% drop in profit and single-digit margins in the second quarter. CEAT's Managing Director and CEO, Arnab Banerjee, indicated further price increases are expected in replacement and international markets.
What new business venture has GMR Airports initiated?
GMR Airports Ltd has established a new subsidiary, GMR Aero Realty Ltd (GARL), to explore opportunities in real estate and land development. Incorporated on October 13, 2026, GARL has an initial capital of ₹1 crore and has yet to commence operations. This move aims to diversify GMR Airports' business interests beyond aviation.
What are the recent financial results for Hathway Cable and Bajaj Consumer Care?
Hathway Cable & Datacom Ltd reported a 44.3% year-on-year decline in consolidated net profit to ₹10.16 crore for the September quarter of FY27. However, its revenue from operations increased by 5.74% to ₹567.51 crore, with cable TV revenue rising 8.1% year-on-year.
Bajaj Consumer Care Ltd posted a 65.9% increase in consolidated net profit to ₹70.15 crore for the same quarter, driven by strong volume growth. Revenue from sales grew 27.26% to ₹332.69 crore. The company attributed this growth to robust double-digit unit volume increases, despite a 14.87% rise in total expenses.
