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Jio Platforms shares debuted at Rs 1,358, a 21.36 per cent premium over the issue price, following a Rs 30,213-crore IPO. The issue was subscribed 22.19 times, while brokerages initiated coverage with Buy ratings and growth forecasts.
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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
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Eight of India's 10 most valuable listed companies lost a combined Rs 1.55 lakh crore in market value last week as benchmark indices fell. HDFC Bank and Bajaj Finance led the losses, while TCS and Larsen & Toubro recorded gains
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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
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Reliance Industries shares rose nearly 2 per cent after Jio Platforms’ Rs 30,213-crore IPO achieved full subscription within 100 minutes, setting a record. The offering is poised to become India’s largest public issue, valuing Jio Platforms at approximately $108 billion
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US Secretary of State Marco Rubio’s India visit highlights Reliance Industries’ strategic role in global energy markets. The Jamnagar refinery is central to Washington’s efforts to curb Russian oil revenues, expand Venezuelan crude trade, manage fuel prices and strengthen investment ties
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Reliance Industries said Indian and foreign companies must follow the same rules for satellite communications, responding to Elon Musk’s criticism over Starlink’s India entry. The company welcomed competition, noting Jio’s satellite services are also awaiting government clearances before launch
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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
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The government has set facility-wise LPG production targets for 21 refineries and upstream companies, creating a domestic supply buffer against import disruptions. The framework mandates infrastructure upgrades, storage capacity and higher production during shortages to reduce India’s dependence on imported cooking gas
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Reliance Industries and Rolls-Royce have announced plans to jointly develop a sovereign combat engine for India’s AMCA fighter programme. The companies will explore an Aerospace Gas Turbine Complex in India covering engine design, manufacturing, testing and support, strengthening indigenous defence capability
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Four of India’s top 10 most valued companies gained nearly Rs 1.43 lakh crore in market capitalisation last week, led by SBI, while six firms lost around Rs 1.23 lakh crore. Sensex and Nifty ended higher despite market volatility and uncertainties
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The combined market valuation of nine of India's top-10 most-valued companies rose by Rs 2.51 lakh crore last week, led by Bajaj Finance. Strong equity markets, easing crude prices, improved investor sentiment and renewed FII buying supported the gains
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Sensex and Nifty declined sharply in early trade as HDFC Bank and Axis Bank shares fell after earnings, while rising crude prices amid US-Iran tensions increased market concerns. Reliance Industries gained following record quarterly results, offering some support to investors
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Reliance Industries and BP reported a nearly seven per cent year-on-year decline in KG-D6 natural gas production during the June quarter due to natural reservoir depletion. The companies said plans are in place to offset declining output from the deepwater Bay of Bengal block
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The promoter group of Reliance Industries increased its stake to 50.48 per cent during the June quarter through market purchases. Analysts said the move reflects confidence in the company's long-term growth prospects and is viewed positively by investors
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India's imports of Russian crude oil reached a record high in June, rising 34 per cent from May to EUR 4.5 billion, according to CREA. Despite higher export volumes, Russia's oil revenues declined due to lower global crude prices, the report said
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Reliance Industries shares ended over 1 per cent higher after Jio Platforms filed draft papers for a proposed IPO that could become India's largest. Investor sentiment was also supported by Mukesh Ambani's growth roadmap focused on AI, broadband, clean energy and consumer businesses
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Jio Platforms has received board approval to file draft IPO papers with SEBI for a fresh issue of up to 27 crore equity shares. Mukesh Ambani said the listing would unlock shareholder value and support Jio's next phase of growth
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Indian equity markets opened higher with the BSE Sensex and Nifty 50 gaining on buying in blue-chip stocks like Reliance Industries and ICICI Bank, supported by easing crude oil prices and mixed global market cues
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RIL and Meta and will develop a 168-megawatt AI-focused data centre in Jamnagar, powered by renewable energy. The project strengthens India’s position as a global AI infrastructure hub and supports Meta’s growing computing and data requirements