Jio Platforms is set to raise up to $3.2 billion at a valuation of $108.3 billion in what will be India’s biggest ever IPO Mukesh Ambani’s $3.2 billion Jio Platforms IPO has drawn bids of about $25 billion from institutions including GIC, BlackRock and Fidelity, totalling almost 30 times the quota reserved for anchor investors,…
Investment through 2032 to cover Hyundai and Kia plants, R&D, local suppliers and new mobility businesses South Korean chaebol Hyundai Motor Group will invest $15.5 billion in India between 2026 and 2032, expanding manufacturing capacity at Hyundai Motor India Ltd and Kia India while strengthening research and development, local sourcing and future mobility businesses. The…
The inflow was higher than ₹29,329 crore recorded in August, according to data released by the Association of Mutual Funds in India (AMFI) on Monday Equity mutual fund schemes attracted a net inflow of ₹38,306 crore in September, rising 31 per cent from the preceding month, driven by strong investor interest in mid-cap and small-cap…
High oil prices and weak monsoon, which will weigh on food prices, are likely to push up inflation, and in this backdrop, RBI may raise the repo rate by 25 bps each in October and December, feels D. K. Joshi, Chief Economist at Crisil Are you a home-loan borrower? Your interest rate may go up…
Despite robust GDP growth of 7.8%, India’s Nifty 50 index has plummeted 13% YTD, highlighting a stark divergence between economic strength and market performance. What explains it? Do the economy and markets go hand in hand? Mostly yes, but not always. There are times when the two can diverge, with the stock market moving in…
Gross direct tax collections grew 15.19% to ₹14.32 trillion a year earlier. Net corporate tax collections, after accounting for refunds, increased 19.48% New Delhi: Net direct tax collections rose 12.96% year-on-year to ₹12.12 trillion as of 17 September of fiscal year 2027, as per the income-tax department’s provisional data released on Friday. Gross direct tax…
Shares of Puravankara rose nearly 4% to ₹218 following the acquisition of redevelopment rights for three societies in Goregaon West, Mumbai, with a project potential of 1.05 million sq. ft. and a GDV of ₹2,600 crore, strengthening its market position. Shares of real estate developer Puravankara closed nearly 4% higher in Thursday’s trade on 17…
Vedanta announced the demerger of its surplus real estate assets into a new entity, Vedanta Property Platforms Ltd (VPPL). Vedanta Ltd on Thursday reported a 71.84 per cent year-on-year (YoY) rise in consolidated net profit attributable to owners at Rs 5,473 crore for the quarter ended June 30, 2026 (Q1 FY27), compared with Rs…
India’s defence production hit a record ₹1.78 lakh crore in FY26, driving share prices up for defence firms. The sector experienced 15.6% growth from FY25, with increased private sector contributions and strong export performance boosting confidence in the industry’s future. Shares of defence stocks witnessed strong buying interest on Wednesday after the government announced that…
A Bloomberg report said that the US and Iran are edging closer to signing an agreement to reopen the Strait of Hormuz as the Group of Seven world leaders are set to meet next week. Stock Market Today: Indian benchmark indices rallied on Friday, June 12, 2026, as easing geopolitical tensions lifted investor sentiment.…