Australian plumbing supplies group Reliance Worldwide said on October 19 that a go-shop period under its agreed takeover by Brookfield ended without a rival proposal, despite extensive engagement with potential buyers. The board reaffirmed its unanimous support for the US$2.53 billion deal at US$3.38 a share.
Reliance Communications' resolution professional has filed a curative petition in the Supreme Court seeking a recall of its February ruling that spectrum held by telecom companies cannot be part of insolvency proceedings. The petition argues the decision leaves lenders without the asset they lent against and could extend to mining leases and other state licences.
Turkey will receive some of the diesel Russia is supplying to world markets under an agreement with US President Donald Trump, Energy Minister Alparslan Bayraktar said on October 18. A day earlier, Turkey dispatched its first floating gas production platform, the Osman Gazi, expected to roughly double output from its Black Sea Sakarya field.
Walmart-owned Flipkart Group grew operating revenue 18.2% to ₹1,45,880 crore in FY26 while trimming its net loss to ₹8,468 crore, as logistics and advertising income surged and marketplace fees fell sharply.
Manufacturing platform Zetwerk opened its ₹5,012 crore IPO on 15 October at ₹143–151 a share, a day after raising ₹2,251 crore from 99 anchor investors including BlackRock, Goldman Sachs and Norway's sovereign wealth fund.
Jio Financial Services' Q2 FY27 net profit fell 51% to ₹340 crore as expenses tripled, even though total income rose 70% and its lending arm's assets under management jumped 154% to ₹37,320 crore.
TSMC's third-quarter net profit jumped nearly 70% to about NT$763 billion on surging AI chip demand, and the company raised its full-year growth forecast, but softer margin guidance and heavy capital spending weighed on its shares.
The UK's state-backed British Business Bank is investing £180 million across six AI and deeptech venture funds, including Entrepreneurs First, Headline, Intrepid Growth Partners and Evantic, as Britain seeks to close the growth-capital gap for its AI companies.
Defence technology company Anduril is letting current and former employees sell up to about $1.3 billion of stock at $94.80 a share, a price that implies a valuation of roughly $90 billion, up from $61 billion in May.
African startups raised $2.49 billion across 315 disclosed deals in the first nine months of 2026, up 7.8% year on year, with a $1.025 billion third quarter as investors wrote fewer but larger cheques, led by Nigeria, Egypt and Benin.