Jio Platforms became India’s second-most valuable listed company after debuting on Dalal Street at a 21.36 per cent premium over its issue price. Its market valuation reached Rs 12.50 lakh crore, following an IPO subscribed 22.19 times
The rupee gained 48 paise to close at a six-week high of 94.43 against the US dollar, supported by Jio Platforms IPO-related inflows and RBI intervention. However, rising crude prices and weak domestic equities continued to weigh on sentiment
Ahead of its Rs 30,213-crore IPO opening on October 21, Jio Platforms is drawing positive assessments from brokerages that see multiple growth drivers, including migration of 2G users to 4G/5G, expansion of home broadband services, AI-led offerings and enterprise solutions.
Jio Platforms has received Sebi’s approval to proceed with an IPO potentially worth Rs 37,700 crore, which could become India’s largest public listing. The offering is expected to value the company at about USD 137 billion and primarily repay Reliance Jio borrowings
Reliance Industries Limited (RIL), led by Mukesh Ambani, reported a consolidated net profit of Rs 18,645 crore in Q3FY26, a marginal increase of 0.56 per cent year-on-year. Ambani highlighted the company’s resilience and Jio’s deepening digital ecosystem, while noting the consumer products demerger during the quarter.
Jio Platforms reported a 12.8 per cent year-on-year rise in net profit to Rs 7,379 crore for Q2 FY26, driven by higher ARPU and strong uptake of JioAirFiber. Reliance Jio added 8.3 million subscribers, with data usage rising to 38.7 GB per user monthly.
Under the collaboration, for which the two partners have signed an initial pact, PURE EV will explore JioThings' smart digital clusters, which include end-to-end IoT solutions, into its electric two-wheelers to enhance their functionality and interactivity
Zuckerberg made the remark during a conversation with Mukesh Ambani, Chairman and Managing Director, Reliance Industries at the first Facebook Fuel for India 2020 event.
The social networking platform said the 'Nayi Shuruaat' campaign launched during its 'Fuel for India' event is an ode to the resilience of small businesses amid crisis.
According to global market research firm PwC's ‘Global Entertainment & Media Outlook 2020-2024,' the Indian E&M industry is expected to grow at 10.1 per cent CAGR to reach $55 billion by 2024.
. Earlier, on September 23, RIL had announced that KKR will make the investment in its subsidiary Reliance Retail Ventures Ltd (RRVL) to buy 1.28 per cent equity stake
