Jio Platforms is set for India’s largest ever IPO, worth up to Rs 30,213 crore. After listing, it is likely to enter the top five companies by market value.
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Its filings show Jio is India’s biggest telecom network by customers and data use, but trails Bharti Airtel on revenue per user, margins and customer additions. Its broadband market share has recently slipped below the 50% mark. On the plus side, Jio’s debt has fallen sharply. Tanay Sukumar and Anna Jijo look at the data. Also read: Jio’s mega IPO draws strong interest from global funds
HDFC Mutual Fund and Axis Mutual Fund have resumed subscriptions in their respective gold ETFs, gold funds and gold ETF FoFs after Tata Mutual Fund and Aditya Birla Sun Life Mutual Fund announced resumption of subscription in their respective gold based funds. According to a notice cum addendum, HDFC Mutual Fund announced that based on…
Global oil benchmark Brent crude has rallied this month but stayed below $100 a barrel despite recent escalation in the U.S.-Iran conflict that has disrupted Gulf exports from the Strait of Hormuz and the Red Sea. Crude oil shipments from Middle East producers are at about 11 million barrels per day (bpd) now, from 18…
Public Provident Fund (PPF) remains one of the most popular long-term savings option for Indian investors as it offer government-backed safety, tax benefits and attractive compounding over a 15-year lock in period. Many people open a PPF account early in their careers and continue contributing for decades as part of their retirement or wealth-building strategy….
Shares of IDFC First Bank rallied as much as 9% to Rs 88 on the BSE on Monday after the lender reported its highest-ever quarterly profit after tax (PAT) of Rs 1,075 crore for the quarter ended June 30, 2026. The profit jumped 132.4% year-on-year (YoY) from Rs 463 crore in the corresponding quarter last…
Aditya Birla Health Insurance (ABHI) has become the first insurer to launch NPS Swasthya in partnership with the Pension Fund Regulatory and Development Authority (PFRDA), the company said. Here’s a look at the Top-Up Benefit under ABHI’s Group Activ Health plan for NPS Swasthya account holders. Last month, PFRDA Chairman Sivasubramanian Ramann told reporters the…
Axis Bank and Max Financial are in talks for the former to raise its stake in their insurance joint venture and also a potential reverse merger of Axis Max Life with its listed promoter parent. The company reported a 17% rise in individual adjusted first-year premium, a 33% increase in value of new business (VNB),…
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