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...

Big bull Rakesh Jhunjhunwala-backed Akasa Air, that will shortly take to the skies will not be an ultra low-cost carrier (ULCC). It is looking at a launch by early June and will have a fleet of 20 aircraft by next summer, when it will “immediately”...

The World Bank in its latest global economic prospects report, expects Indian economy to grow 8. 3% in the fiscal year ending March 2022, unchanged from the June 2021 outlook. The forecast for FY23 and FY24 for India has been upgraded to 8....

Indians are creating unicorns not just in India, but in the US too. A study finds that 90 out of 1,078 founders across 500 US unicorns (valued at over $1 billion each) were born in India. The data covers US unicorns between 1997 and 2019. According...



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