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...

The government said consultations were underway with the states and industry to assess the impact of the second wave and the lockdown imposed by several states but it was yet to decide on a stimulus package. “The process of consulting states...

SBI has reported its highest ever net profit of £645.1 million for the quarter ended March 2021 - an increase of 80% over £358.1 million in the corresponding period last year. The bank also reported its highest ever full year net profit of £2.04...



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