Jio Platforms set to record India’s biggest IPO

Reliance Industries chairman Mukesh Ambani is preparing to launch what could be India’s biggest-ever IPO, despite a market downturn. Mumbai-based Jio Platforms, backed by Meta and Google, aims to raise up to Rs 302 billion (£2.4 billion) at...

New Adani, IHC to Invest £8.5 billion in Odisha

Adani Enterprises and Abu Dhabi-based International Resources Holding (IRH) signed a Memorandum of Understanding (MoU) with the Odisha government to develop a greenfield aluminium project worth $11.5 billion (Rs 1.08 lakh crore) (£8.5 billion).The...

Reliance Industries Limited (RIL) has submitted a revised resolution plan to National Company Law Tribunal (NCLT), Ahmedabad, to acquire the debt-ridden Sintex Industries Ltd for an offer of £270 to £280 million to the financial creditors, sources...

India’s official digital currency is likely to debut by early 2023, which will mirror any of the currently available private company-operated electronic wallets, but with a change that it will be a sovereign-backed facility, a top government...

The Centre will soon decide on the size of initial public offer of state-run insurance giant LIC, a top official said, asserting that the government will provide a fresh push to the privatisation of oil marketing firm BPCL, Shipping Corporation...



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