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 (RIL) last week became the first Indian company to cross the $200-billion market capitalisation mark after its stock surged over 8% on the back of reports that global retailing giant Amazon has been offered a $20-billion...

After nine consecutive months of decline, passenger vehicle sales in India rose by 14% in August to 215,000 units compared to 190,000 a year ago, according to latest data released by industry body Society of Indian Automobile Manufacturers (SIAM)

The government hinted at a fresh set of measures - including a review of GST on two-wheelers - and possibly a second stimulus, once the coronavirus infection subsides, amid projections of an extended economic downturn in the wake of the pandemic



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