Jio Platforms Ltd, the digital and telecommunications arm of Reliance Industries, has received board approval to file draft papers for an initial public offering (IPO) involving a fresh issue of up to 27 crore equity shares. The draft red herring prospectus (DRHP) is expected to be filed with SEBI today, marking a significant value-creation event for Reliance shareholders.
IT services giant Wipro's board has given the green light to a massive Rs 15,000 crore share repurchase programme, aiming to buy back over 5 per cent of its equity, or up to 60 crore shares, from shareholders at Rs 250 per share, reflecting an 18 per cent premium.
Trent reported a 20 per cent revenue rebound in Q4FY26, driven by a recovery in like-for-like growth and significant store additions. The company's board has approved raising up to 2,500 crore in equity to fund investments in store network upgrades, new brands, supply chain automation, and Star Bazaar expansion, alongside a 1:2 bonus issue and a 6 dividend.
The Reserve Bank of India (RBI) has issued amended directions for bank boards, effective October 1, 2026, to rationalise agenda items and enable more focused engagement on strategy and risk governance, while explicitly defining matters reserved for board approval and periodically reviewing delegated powers.
HDFC Bank's board is actively discussing the appointment of its new managing director and chief executive officer (MD & CEO) as incumbent Sashidhar Jagdishan's three-year term concludes in October, with the Governance, Nomination and Remuneration Committee (GNRC) expected to finalise the process soon.
RBI says polymer notes have a significantly longer lifespan, potentially reducing printing costs and replacement frequency.
The ICC has approved trialling the use of pink balls in Test matches to maximise play in bad light, along with allowing coaches on the field during drinks breaks. Cricket Canada has been suspended due to breaches of membership obligations.
HDFC Bank's board has imposed a monetary penalty of Rs 1 lakh each on its Managing Director and CEO Sashidhar Jagdishan, CFO Srinivasan Vaidyanathan, and Group Head (Retail Assets) Arvind Vohra for divergence from RBI directions in the Maharashtra State Road Development Corporation (MSRDC) case.
The International Olympic Committee (IOC) Executive Board has officially approved the qualification system for cricket at the LA Olympic 2028, marking the sport's return after 128 years. The event will feature men's and women's T20 competitions with six teams each.
Infosys' board has approved annual performance-based stock grants worth Rs 51.75 crore for Chief Executive Officer and Managing Director Salil Parekh, aligning with his tenure ending in March 2027.
The Los Angeles Lakers NBA team is reportedly being sold to businessmen Josh Kushner and Bob Iger for an unprecedented $12.5 billion, a deal that would make it the most expensive sports team ever sold.
Recognising the growing use of AI/ML models by regulated entities across business and decision-making processes, the RBI said weaknesses in governance, oversight, risk management, and controls could expose institutions to financial, operational, compliance, and reputational risks.
The Pakistan Cricket Board is considering a two-year ban for several former national players who participated in the unsanctioned Asian Legends Cup in Lusaka, Zambia. The tournament, which was not approved by the ICC or the Zambia Cricket Union, saw players like Mohammed Irfan, Imran Nazir, and Yasir Shah take part, while others like Muhammad Hafeez and Shoaib Malik withdrew. The PCB has warned of severe disciplinary action, including ineligibility for future cricketing assignments.
Chandrasekaran's exit is more than a change of chairman. It represents the breakdown of the informal consensus that governed the Tata system under Ratan Tata.
The National Stock Exchange (NSE) is reportedly planning to launch its much-anticipated initial public offering (IPO), estimated at around Rs 30,000 crore, in September, potentially valuing the exchange at over Rs 5 lakh crore.
A parliamentary panel flagged staffing shortages at NCERT and CBSE, inadequate education spending, falling enrolment and poor internet connectivity in government schools.
"Indian Railways is now the world's second-largest cargo carrier by volume, up from fourth, even as its share of the country's total freight movement remains well below potential.'
The board of Reliance Industries Ltd on Thursday approved issuing 1:1 bonus shares -- the first bonus issue in seven years. Reliance, the nation's most valuable company, had last issued bonus shares in September 2017.
The Indian government has approved the introduction of one billion polymer banknotes in Rs 10 and Rs 20 denominations for field trials, aiming to enhance durability. This move comes as the Finance Minister also addressed Parliament on declining retail inflation, GST reforms, and other fiscal measures taken to support the economy and household consumption.
The controversy within Hockey India over the change in the Indian teams' jersey colour has intensified, with President Dilip Tirkey demanding documents from Director General Commander RK Srivastava. The issue, coupled with unaddressed harassment complaints, has led to the Secretary General seeking an emergency Executive Board meeting, highlighting significant internal strife ahead of the FIH Men's Hockey World Cup.
The controversy within Hockey India regarding the change in the Indian teams' jersey colour has intensified. President Dilip Tirkey's deadline for Executive Director Commander RK Srivastava to submit documents explaining the decision was missed, leading to the Secretary General requesting an emergency Executive Board meeting. This issue, along with unaddressed harassment complaints, highlights significant internal strife within the organisation.
Just in case the AGM, scheduled At the AGM, if it is held, a shareholders' vote on Chandra's renewal as a director on the Tata Sons board is unlikely but not ruled out.
The International Cricket Council (ICC) concluded its Annual Meetings, establishing a new Governance Review Committee headed by BCCI secretary Devajit Saikia.
India's market regulator, Sebi, has approved the re-introduction of open-market share buybacks through stock exchanges, effective August 1, 2026, alongside easing debt listing norms for RBI-regulated entities and simplifying rules for mutual funds and alternative investment funds.
A CPI(M) worker in Kerala has been booked for allegedly installing a flex board expressing support for Congress leader KC Venugopal in the Kerala Chief Minister race, sparking a political row.
Chaos is kind of Apoorva Makhija's signature especially when it comes to desi fashion; she loves taking traditional silhouettes and giving them a rebellious, Gen Z-approved twist.
Indian benchmark equity indices, Sensex and Nifty, ended lower after a five-day rally, with the Sensex dropping 607 points and the Nifty falling to 24,013.10. The decline was primarily driven by heavy selling in IT firms following Accenture's trimmed revenue guidance and renewed geopolitical uncertainty, specifically the postponement of US-Iran negotiations.
A controversy has erupted within Hockey India over the national teams' new saffron jerseys, replacing the traditional blue.
Jamshedpur FC's withdrawal from the Indian Super League was a pre-planned strategic decision to refocus on grassroots football development, independent of the league's commercial uncertainties, according to Tata Steel Vice President D B Sundara Raman.
The Reserve Bank of India (RBI) has mandated that banks must dispose of immovable assets acquired against bad loans within seven years through public auction, effective October 1, 2026, and has also barred their sale back to the original borrower or related parties.
The Securities and Exchange Board of India (Sebi) has introduced a comprehensive new code of conduct for its board members, significantly tightening rules on conflict of interest, disclosures, recusals, and non-permitted investments, moving from broad ethical guidelines to a more prescriptive, compliance-driven regime.
The National Stock Exchange (NSE) is expected to file its preliminary IPO papers with Sebi next week, marking a significant step forward for the long-awaited public offering which has been delayed for nearly a decade due to regulatory issues.
Under the Odisha state premature release policy, prisoners whose death sentences were commuted to life imprisonment become eligible for remission after completing 25 years in prison, subject to recommendations by the Odisha State Sentence Review Board and approval by the state government. Dara Singh has now spent more than 26 years in prison.
Ramya Ranganathan has cracked the code to looking adorable with zero effort. The Anbe Diana actress' wardrobe feels like the fashion equivalent of your favourite comfort movie -- easy, charming and impossible not to love.
India's largest retirement fund manager, the Employees' Provident Fund Organisation (EPFO), is enhancing its investment governance and fund management practices, following the Reserve Bank of India's recommendations.
JSW MG Motor India has unveiled ADAPT, India's first multi-powertrain new energy vehicle (NEV) platform, designed to support electric, hybrid, plug-in hybrid, and range-extender electric vehicles. The company plans to launch one electric SUV and one plug-in hybrid SUV based on this architecture during FY27, aiming to broaden its NEV portfolio and accelerate adoption in India.
The Shri Ram Janmabhoomi Teerth Kshetra Trust on Wednesday deferred the selection of its first chief executive officer (CEO) by a month after receiving 5,200 applications for the post and decided to appoint a secretary in the interim to meet growing administrative requirements.
The Reserve Bank of India (RBI) has granted approval for UAE-based Emirates NBD (ENBD) PJSC to acquire up to a 74 per cent stake in RBL Bank for $3 billion, marking the largest foreign investment ever in a domestic Indian bank.
The Reserve Bank of India (RBI) is set to revise its directives for bank boards, aiming to alleviate operational burdens and enable them to concentrate on crucial policy and strategic decision-making, thereby enhancing corporate governance in the Indian banking sector.
The Reserve Bank of India has approved a three-month extension for Keki Mistry as the interim chairman of HDFC Bank, continuing his tenure until September 18, 2026, or until a regular chairman is appointed.
