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.
Fintech giant PhonePe has announced it has surpassed 50 million registered merchants on its platform, marking a significant milestone as it expands its financial service offerings beyond QR code payments.
Jammu and Kashmir Chief Minister Omar Abdullah has accused the BJP of attempting to destabilise his government by trying to split the National Conference. He alleged that the BJP is using financial incentives and promises of ministerial berths and statehood to lure his MLAs, with one MLA reportedly offered up to Rs 30 crore. Abdullah asserted that his party's legislators would not compromise their integrity.
The Indian government is accelerating its sale of minority stakes in state-owned companies, including a significant offer for sale (OFS) in Life Insurance Corporation of India (LIC) expected "very soon," to meet its 80,000 crore mobilisation target and reduce its holdings to 75 per cent in most listed PSUs by year-end.
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.
'If a student can get a good teacher, quality content and mock tests at no cost, it becomes very hard for a mid-tier coaching centre to keep charging for the same lecture.'
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.
RBI Deputy Governor Rohit Jain discussed the future of India's foreign exchange markets, highlighting the increasing role of local currencies in cross-border trade, the impact of technology, and existing challenges. He emphasised the need for market evolution to facilitate India's global engagement, absorb shocks, and serve all users efficiently. Jain also addressed concerns about unauthorised forex trading platforms and the importance of customer awareness.
Quick commerce platform Zepto is reportedly planning to launch its Rs 11,000-crore Initial Public Offering (IPO) in July, following SEBI approval. The company is pursuing a distinct growth strategy, focusing on market density and operational intensity in metro markets rather than rapid geographic expansion, a move that sets it apart from rivals like Zomato and Swiggy.
LIC public offer will remain open for subscription even on weekend to enable people to participate in the mega IPO of the state-owned insurer. This is perhaps for the first time the special dispensation is granted to any public offer. The issue period also includes bidding on Saturday, May 7, 2022 and Sunday, May 8, 2022, LIC informed exchanges. Earlier bidding was allowed on May 7 (Saturday) only.
Reports have surfaced in Israeli media claiming that Iranian supreme leader Mojtaba Khamenei is in critical condition and has been rushed to a hospital.
With momentum building around the IPO, the NSE saw a surge in retail investors in the last two years, making it one of the widely traded stocks in the unlisted market.
The government on Wednesday said the public offer for sale of shares in state-run power firms NTPC and NHPC will come as and when market conditions are appropriate.
The government on Thursday said the issue of an initial public offering of Air-India and Indian Airlines was at a preliminary stage of discussion.
Chandigarh is set to launch the Central Bank Digital Currency (CBDC), or digital rupee, for Direct Benefit Transfer (DBT) under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) on August 14. This initiative makes Chandigarh the first Union Territory to fully roll out CBDC-based DBT for food subsidy, enhancing transparency and efficiency in welfare delivery. The digital rupee, issued by the RBI, will be purpose-bound for purchasing foodgrains from authorised merchants.
Congress leader Sonia Gandhi's 544-page memoir, 'Belonging: A Journey of Love', is set to be published in November, offering an intimate account of her life, from her childhood in Italy to her experiences in India and her eventual entry into politics following personal tragedies.
Tamil Nadu Chief Minister C Joseph Vijay is set to visit Karur for a crucial public interaction, where he will address victims of last year's stampede, distribute welfare, and lay the foundation stone for a major Rs 1,700 crore footwear manufacturing factory.
FICCI FLO and UP BJP MLA Rajeshwar Singh are collaborating to train 100 women as 'drone pilots' in Lucknow. This initiative aims to provide employment and entrepreneurship opportunities in the burgeoning drone economy. The announcement was made at an event where MLA Singh also highlighted his efforts in public grievance redressal and establishing women's empowerment centres in his constituency.
Phishing sites mimicked SBI, ICICI Bank and Axis Bank to steal card details and OTPs.
'A favourable base, last year's policy measures, the carryover impact of a good monsoon and improving earnings should all help.'
The Delhi government's Women and Child Development Department (WCD) has introduced a new internship and research framework, offering students in social work, psychology, and related fields structured field exposure at child care institutions and welfare centres.
Kiren Rijiju has strongly criticised the Congress for allegedly 'unfairly disrupting' the recent monsoon session.
'People have been facing significant difficulties due to skyrocketing airfares, and road transportation was inaccessible until now.'
While intense protests were seen in Mandya and preventive detentions carried out at several places, life remained unaffected in major urban centres like Bengaluru and Mysuru.
From guns to handlooms. From forest trails to a public runway. Women who had once been associated with that conflict walked into the spotlight wearing Bastar's traditional textiles.
Leading African football administrators have publicly expressed their support for FIFA President Gianni Infantino, offering him crucial backing ahead of next March's presidential election, despite his recent decision to abandon a controversial plan to sell a stake in future World Cup revenue.
Prime Minister Narendra Modi has outlined a comprehensive plan to empower India's youth, including training one crore youngsters in artificial intelligence skills and providing free online coaching for competitive examinations, aiming to position them at the forefront of the nation's journey to become a developed nation by 2047.
'1991 was an exceptional period in Indian history.' 'A big 400-volt shock was administered to the system, which was required. Today, we are in a much, much better position.'
Commonwealth Games gold-winning boxer Arundhati Chaudhary received an overwhelming welcome in her hometown of Kota, Rajasthan, after her stellar performance in Glasgow, where she defeated world championship bronze-winner Chantelle Reid and defending champion Rosie Eccles.
Prime Minister Narendra Modi, in his Independence Day address, highlighted technology and innovation as central to India's goal of becoming a developed nation by 2047. He called for India to lead in emerging technologies like AI, quantum computing, and space, announcing a massive AI skilling initiative for one crore youth. Modi stressed the importance of becoming a global innovation hub, bolstering energy security with nuclear power, and strengthening cybersecurity.
The mother of the RG Kar hospital rape-murder victim on Monday rejected Trinamool Congres MLA Kunal Ghosh's comparison between the Rs 10 lakh given to the family of a party worker who died in police custody in Halisahar, and the same amount of compensation announced after her daughter's death.
The technology startup ecosystem in India attracted $7.2 billion in funding during the first half of calendar year 2026, marking a 12 per cent year-on-year (Y-o-Y) increase. However, even as funding increased, deal count fell sharply, according to a report by market intelligence platform Tracxn.
Two MDMK MLAs, T M Rajendran and R Senthil Selvan, have refused to resign from their Assembly seats despite demands from MDMK General Secretary Vaiko. They assert their status as DMK legislators, having won on the DMK's 'Rising Sun' symbol, and have pledged loyalty to DMK leadership, including M K Stalin and Udhayanidhi Stalin.
If an OTT series can make a young person curious about the armed forces, make a family understand the sacrifices made by those in uniform, or simply make someone walk up to a veteran and say, "Thank you for your service," then it has achieved something far more important than merely getting its history right, notes Air Commodore Nitin Sathe (retd).
The Jammu and Kashmir unit of the BJP has served a legal notice to Chief Minister Omar Abdullah, demanding a retraction and public apology for his allegations that the BJP attempted to bribe National Conference legislators to destabilise his government. The BJP has called the claims "false, baseless and defamatory" and warned of civil and criminal proceedings, including a Rs 100 crore defamation suit, if their demands are not met within seven days.
Delhi Police have arrested two individuals for allegedly defrauding a man of Rs 7 lakh through a fake stock investment scheme operated via a social media app. The accused lured victims with promises of high returns before siphoning off the funds.
The Delhi government is set to introduce a comprehensive drone policy aimed at creating over 1,000 jobs and regulating drone operations. The policy will focus on establishing research clusters, flight testing facilities, and providing subsidies, while also addressing drone usage for government purposes like traffic management and surveillance, considering the city's extensive 'no drone zones'.
The Indian government has confirmed its readiness for a Lok Sabha debate on the ongoing student protests and police action, with Union Home Minister Amit Shah set to address the concerns, particularly those related to the NEET paper leak issue.
