💹 *Daily Business Briefs | Wed, 28 Oct 2026*

_Markets open today_

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📊 *ECONOMY & POLICY*

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📉 *Domestic air traffic falls 6.5% in September*

September domestic passenger traffic fell 6.5%, with IndiGo holding 65.4% share and Air India Group 26.8%.

Weak demand pressures airline yields and load factors, and IndiGo’s dominance keeps growing.

📎 _Read: BW Businessworld_

https://www.businessworld.in/article/india-s-domestic-air-passenger-traffic-falls-6-5-in-september-630745

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🏢 *COMPANIES*

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📈 *Jio Platforms lists today; GMP signals ~22% pop*

The ₹30,213 cr issue (band ₹1,065-1,119) was subscribed 22.19x, with the institutional portion at 70.55x; GMP is around ₹250.

Experts split between partial profit-booking on a big listing premium and holding for the long term.

📎 _Read: Business Today_

https://www.businesstoday.in/markets/ipo-corner/story/jio-platforms-ipo-listing-today-gmp-signals-22-upside-should-investors-book-profits-or-hold-564125-2026-10-28

💰 *L&T Q2 profit jumps 33% to ₹5,202 cr*

Revenue rose 16% to ₹78,750 cr, order inflow grew 28% to ₹1.48 lakh cr, and the order book stands at ₹8.54 lakh cr.

A record order book gives multi-year revenue visibility for the capex cycle.

📎 _Read: Upstox_

https://upstox.com/news/market-news/earnings/l-and-t-q2-fy-27-results-net-profit-surges-33-to-5-202-crore-yo-y-order-intake-increases-28/article-202484

🏦 *Anup Bagchi takes charge as HDFC Bank CEO*

Bagchi began his three-year term as MD & CEO on 27 Oct, succeeding Sashidhar Jagdishan, with RBI approval in place.

Leadership transition at India’s largest private bank puts strategy continuity in focus.

📎 _Read: Business Today_

https://www.businesstoday.in/latest/corporate/story/hdfc-bank-appoints-anup-bagchi-as-md-ceo-for-three-year-term-from-october-27-559151-2026-10-01

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🌍 *GLOBAL & WORLD*

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💻 *FCC clears Amazon’s Globalstar acquisition*

The US regulator approved Amazon Leo’s buyout of Globalstar, with no horizontal or vertical harms found; Amazon has filed for a direct-to-device constellation of up to 5,105 satellites.

Sharpens Amazon’s challenge to SpaceX’s Starlink in satellite-to-phone services.

📎 _Read: Via Satellite_

https://www.satellitetoday.com/connectivity/2026/10/27/amazon-secures-fcc-approval-for-globalstar-acquisition

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_Compiled by Daily Business Briefs · 28 Oct 2026_