The Times of India - Business (10 minutes ago)
Jio Platforms is set to launch India's largest IPO, aiming to raise $4 billion and valuing the digital giant at $137 billion. This move by Reliance Industries aims to unlock value from its expansive digital services, including connectivity, broadband, and AI. The offering exclusively involves fresh capital, with no existing shareholder exits, and...
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India's largest asset manager, SBI Mutual Fund, has secured Sebi's nod for its Rs 13,000 crore initial public offering. The upcoming share sale, an offer for sale by existing shareholders State Bank of India and Amundi India Holding, is slated for next month. This listing will bring the country's biggest fund house, managing nearly Rs 12.5 lakh...
ReadThe Times of India - Business (41 minutes ago)
While the proposed Jio IPO drew significant attention, Ambani used the company's annual shareholder meeting to lay out Reliance's future growth strategy, identifying artificial intelligence as one of the most important pillars of the group's next chapter.
ReadThe Times of India - Business (2 hours ago)
Market regulator Sebi has greenlit several key reforms, including the return of open market share buybacks via stock exchanges, offering companies a faster execution route. Mutual funds will see relaxed intra-day borrowing norms, and alternative investment funds can now raise capital quicker through a new 'GARUDA' mechanism. Additionally, Sebi has...
ReadThe Times of India - Business (3 hours ago)
Indian markets snapped a five-day winning streak on Friday, with the Sensex and Nifty closing lower. A sharp selloff in IT stocks, sparked by Accenture's reduced growth forecast, and renewed geopolitical concerns weighed on investor sentiment. The postponement of US-Iran peace talks added to the caution, prompting profit-booking after a recent...
ReadThe Times of India - Business (3 hours ago)
India's foreign exchange reserves saw a significant dip of nearly $10 billion, reaching $671.625 billion in the week ending June 12. This sharp decline was primarily driven by a substantial drop in gold reserves, despite a modest increase in foreign currency assets. Other components like Special Drawing Rights and the IMF reserve position also...
ReadThe Times of India - Business (4 hours ago)
India has initiated an anti-dumping investigation into Resorcinol imports from China and Japan. This key chemical is vital for tyre and rubber manufacturing. The probe follows allegations that low-priced shipments are harming domestic producers. The Directorate General of Trade Remedies is conducting the investigation. If dumping is confirmed,...
ReadThe Times of India - Business (4 hours ago)
India and the UK will enter into a Comprehensive Economic and Trade Agreement on July 15, deepening ties beyond trade and technology to foster new opportunities for businesses and people. This pact aims to significantly boost annual bilateral trade from its current £48 billion.
ReadThe Times of India - Business (4 hours ago)
The BSE Sensex, comprising 30 stocks, ended the session 607.08 points, or 0.78%, lower at 76,802.90. During intraday trade, the index had fallen as much as 940.26 points, or 1.21%, touching 76,469.72.The NSE Nifty closed down 154.90 points, or 0.64%, at 24,013.10.
ReadThe Times of India - Business (5 hours ago)
Andhra Pradesh is set to become India's leading gold supplier, with significant reserves identified in Kurnool district. Jonnagiri village alone is estimated to hold 50 tonnes of gold. Commercial production has commenced, and further exploration is expected to boost reserves. The state aims to leverage private investment for this substantial mining...
ReadNDTV - Business (5 hours ago)
Inside NSE's Rs 30,000-Crore IPO Filing: According to a report by Business Standard, the fine print in NSE's draft papers revealed a tale of an unintended individual shareholder, who has been a beneficiary of the pre-IPO surge in the exchange's shares.
ReadNDTV - Business (6 hours ago)
US DNI Tulsi Gabbard has released declassified documents alleging that Dr Anthony Fauci influenced COVID-19 intelligence assessments and downplayed the lab-leak theory. The records also cite whistleblower claims of retaliation against dissenting analysts.
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