Business

Jio Platforms has filed draft papers for what could become India’s largest-ever initial public offering, seeking to raise about $4 billion (Rs 37,700 crore) and valuing the Reliance Industries-backed digital giant at roughly $137 billion. Jio Platforms has filed draft papers for what could become India’s largest-ever initial public offering, seeking to raise about $4…

The Reserve Bank of India (RBI) on Friday revised the Kisan Credit Card (KCC) framework, standardising the definition of crop seasons and aligning it with banking asset-classification norms in a move aimed at bringing greater uniformity in farm loan sanctioning and repayment schedules.The revised directions, which will come into effect from January 2027, seek to…

Union finance minister Nirmala Sitharaman on Friday said externally aided projects (EAPs) should not be seen merely as financing tools but as instruments to help local products from the Northeast access global markets, strengthen livelihoods and turn the region’s geographical challenges into economic opportunities.Chairing a conference on “Leveraging externally aided projects in the northeastern states”,…

SBI Mutual Fund, the country’s largest asset management company, has received Sebi’s approval for its proposed initial public offering, clearing the way for a share sale estimated at around Rs 13,000 crore, PTI reported citing a person familiar with the development.The IPO, for which draft papers were filed in March, is entirely an offer for…

RIL chairman Mukesh Ambani at AGM RIL 49th AGM: Reliance Industries chairman Mukesh Ambani on Friday presented an expansive vision for the next phase of growth at RIL, centred on artificial intelligence, satellite-based connectivity, clean energy initiatives and consumer-focused businesses. The announcement came as Jio Platforms submitted draft documents for what could become the largest…

A sharp selloff in information technology stocks, triggered by Accenture’s weaker growth outlook, and fresh geopolitical concerns ended the market’s five-session winning streak on Friday, dragging benchmark indices lower.The BSE Sensex fell 607.08 points, or 0.78%, to close at 76,802.90, while the NSE Nifty declined 154.90 points, or 0.64%, to settle at 24,013.10.During the day,…

India’s foreign exchange reserves recorded their steepest weekly decline in months, falling by $9.985 billion to $671.625 billion in the week ended June 12, mainly due to a sharp drop in gold reserves, according to RBI data released on Friday.The country’s forex reserves had declined by $711 million in the previous reporting week to $681.610…

Market regulator Sebi on Friday approved a raft of proposals, including the reintroduction of open market share buybacks through stock exchanges, relaxation of intra-day borrowing norms for mutual funds and a faster fundraising mechanism for alternative investment funds (AIFs), PTI reported.The decisions were taken at the regulator’s board meeting, which also cleared measures to simplify…

Experts warn against panic selling, emphasizing the need to maintain investment discipline. (AI image) The US-Iran war has not just hit portfolios of Indian investors, it has also led to record outflows, and fewer inflows in equities. One big sign of the impact of the ongoing uncertainty has been a jarring figure from May 2026…

Private sector banks led a broad-based deterioration in data reporting quality in the March 2026 quarter, as the latest round of the Supervisory Data Quality Index (sDQI) showed a marked decline in their scores compared with the previous quarter.The sDQI, a quarterly metric compiled by the Reserve Bank of India, tracks the quality of regulatory…