Bomb threats on 20 planes, India's largest IPO and more events that transpired this week.
Tensions escalated after the assassination of Khalistani separatist Hardeep Singh Nijjar in Canada.
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India withdrew its high commissioner and expelled six Canadian diplomats, while Canada had expelled six Indian diplomats and consular officials. India accused the Justin Trudeau government of pursuing a political agenda.
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A series of bomb threats targeting Indian airlines led to significant disruptions, affecting at least 20 flights throughout the week.
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An Air Akasa flight bound for Bengaluru was diverted to Delhi due to a bomb threat. Singapore's Air Force deployed two fighter jets to escort an Air India Express aircraft also in response to a bomb threat. An Air India flight from Delhi to Chicago was forced to land at a Canadian airport as a precaution.
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India's largest IPO was subscribed 2.27 times, and is expected to list on the bourses on Oct. 22.
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RIL announced 1:1 bonus shares, for which the record date has been set Oct. 28.
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The European Central Bank reduced interest rates for the third time this year on Oct. 17 by a quarter-point to 3.25%.
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Retail inflation in India reached a nine-month high at 5.49% in September. Wholesale inflation also gained momentum, with the wholesale price index increasing to 1.84%, primarily attributed to a significant surge in food price inflation.
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