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,…
DetailsThe Indian markets regulator’s decision to revert to the volume-weighted average price method to determine settlement prices of derivatives contracts on expiry days could reduce volatility and help revive volumes, according to analysts. The Securities and Exchange Board of India said that from December 7, derivatives contracts on expiry days will once again be…
DetailsA firmer rupee, IDBI stake sale and Jio IPO lift sentiment, but crude oil above $100 a barrel remains the biggest threat to the rally. It’s a rare day on Dalal Street: the bulls are prancing – and how! The rupee, Asia’s best-performing currency over the past five days, has added to the bullish mood…
DetailsCrude prices above $100 a barrel could squeeze Indian state-run oil marketers’ margins if petrol and diesel prices remain unchanged. HPCL faces the greatest earnings pressure, followed by IOC and BPCL. Crude oil prices, which have remained elevated since the outbreak of the war in the Middle East, are expected to weigh on the profitability…
DetailsInvestment 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…
DetailsThe small-cap mutual fund category has outperformed the mid-cap category in 2026 so far, but does the trend hold over longer periods? While category averages reveal a changing picture across three- and five-year horizons, individual schemes show a wide divergence in performance. Small-cap mutual funds have outperformed mid-cap funds in 2026 so far, with the…
DetailsThe 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…
DetailsThe GST Council removed tax officers’ power to arrest individuals in certain cases and raised the prosecution threshold to ₹5 crore. It also simplified compliance for small e-commerce sellers, shortened refund-application acknowledgement timelines. The 57th GST Council has decided to remove the power of tax officers to arrest individuals in certain GST-related cases and has…
DetailsThe 25 basis point (bps) rate hike by the Reserve Bank of India (RBI) to 5.5 per cent is in line with expectations, said analysts, who expect the market’s focus to be back on crude oil prices in the backdrop of West Asia conflict, rupee-dollar equation, bond yields and how corporate earnings play out in…
DetailsIRDAI has proposed changes to insurance commission structures, including caps for banks, brokers and agents across products. Insurance brokers have opposed the proposals, raising concerns over their impact on distributors, jobs and the wider insurance sector. Indian insurance brokers are opposing proposed reforms by the Insurance Regulatory and Development Authority of India (IRDAI) that…
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