- Mega IPO time: ICICI Prudential, the biggest IPO to hit the markets in six years kickstarts today. Investors had bid for over four lakh shares within the first 10 minutes of the bidding process. The issue has received 0.30 per cent subscription against the issue size of 13.23 crore shares. Analysts are viewing this IPO as a long-term hold, rather than a purchase for listing gains. ET
- The battle between telecom giants escalated, with Airtel responding to Reliance Jio's accusations, saying that Jio is attempting to blame others for its own connectivity issues. Airtel says that Jio's massive dropped calls is due to its own technical issues, and not because Airtel failed to provide sufficient interconnect points. BS
- While Ola is looking at adding more cars on the road to increase capacity, Uber in India is increasingly looking at peer-to-peer cab hailing, where anyone who owns a car can sign up with Uber to pick up and ferry passengers. This may be a risky strategy in India where safety issues are an ongoing concern. LiveMint
- The Modi government is considering an early session of Parliament, in the first week of November, to pass the GST bills. The two bills are supporting legislations to the bill already passed, and will pave the way for implementation of GST by the Finance Ministry. Firstpost
- Photo of the Day: Onlookers after an explosive device went off in New York's upscale and bustling Chelsea neighborhood, injuring 29 people, none of them in a life-threatening condition. Bryan Smith/AFP
