Jio Platforms Ltd, the digital services arm of Reliance Industries, has filed draft papers for an initial public offering (IPO) aiming to raise approximately USD 4 billion (about Rs 37,700 crore), which is expected to be India's largest ever IPO.
Jio Platforms managing director Akash Ambani announced plans for Jio to develop a sovereign Low Earth Orbit (LEO) satellite constellation and partner with global providers to extend connectivity to remote areas of India, aiming to strengthen India's self-reliance in space.
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.
Jio Platforms Ltd, the digital and telecommunications arm of Reliance Industries, has approved filing draft papers for an initial public offering (IPO) involving a fresh issue of up to 27 crore equity shares, aiming to unlock value for shareholders and fuel its ambitious expansion into 5G, AI, and global markets.
Investors are keenly awaiting clarity on Reliance Jio Infocomm's IPO, the company's AI and data centre strategies, and next-generation leadership structure at Reliance Industries Ltd's (RIL's) 49th annual general meeting (AGM).
Reliance Industries Ltd (RIL) has expressed caution regarding 'extreme volatility' risks stemming from the West Asian conflict, which could impact global oil demand and the company's margins, while also noting that near-term retail consumption demand may remain sensitive to macro conditions. Chairman Mukesh Ambani, in the annual report, remained silent on the timeline for Jio Platforms' anticipated public listing, stating the group will 'continue to evaluate strategic pathways'.
Jio Platforms has announced the appointment of Akash Ambani as its managing director for a five-year term, effective from April 9, 2026, as the digital services company prepares for its highly anticipated Initial Public Offering.
Jio Financial Services and Munich-based Allianz Group have signed a binding agreement to establish a 50:50 joint venture for general and health insurance in India, building on an earlier reinsurance partnership.
Only 2.5 per cent of the equity in Jio Platforms will be offloaded through the OFS route -- meant for secondary share sale.
Reliance Industries' digital arm, Jio Platforms, may see its initial public offering (IPO) delayed to the second half of fiscal 2027, according to CreditSights. The delay is primarily attributed to ongoing geopolitical tensions in the Middle East, which could impact market conditions and investor sentiment.
'We are staying away from making forward-looking statements on when we will reach 1 trillion, etc. But growth will be rapid; it's only a matter of time.'
Mukesh Ambani, Chairman of Reliance Industries, has called upon India's engineering talent to spearhead Jio's ambitious artificial intelligence initiative. He emphasized India's role as a creator and global leader in AI, not just a consumer, outlining the execution phase of Reliance Intelligence with partnerships and a focus on developing affordable, language-fluent AI for all Indians.
JioStar has terminated its broadcast deals in Bangladesh for IPL 2026, saying its local partner defaulted on payments.
Billionaire Mukesh Ambani announced that the transfer of day-to-day management responsibilities at Reliance Industries to his children, Akash, Isha, and Anant, is "almost complete," marking the final stages of a significant succession process for India's most valuable company.
Telegram CEO Pavel Durov has accused Reliance Group, which has a partial Meta stake, of lobbying for a ban on Telegram in India and sabotaging its access for users outside India through BGP hijacking. A senior telecom industry source dismissed these claims as 'fake news,' stating Durov confused Reliance Communications with Reliance Industries Ltd. The allegations come as the Indian government has ordered Google and Apple to delist Telegram temporarily and disable its message-editing feature in India due to concerns over paper leaks in the NEET-UG examination.
Jio Payments Bank introduces UPI-based cash withdrawals at business correspondent touchpoints, enhancing financial inclusion and simplifying access to cash for rural and semi-urban customers.
Bank of Baroda has partnered with Reliance Jio to provide access to its mobile banking application, 'bob World Lite', for users of Jio feature phones, aiming to promote financial inclusion and digital payments.
Celebrated photographer Atul Kasbekar unveils his latest exhibition, HONEST: Portraits of Character, a wonderful tribute to the actors who have profoundly influenced Hindi cinema with their incandescent performance.
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.
Reliance Industries is expected to report largely flat performance for its fourth quarter (January-March, Q4) of FY26, with weakness in the oil-to-chemicals (O2C) business and muted retail growth likely to offset steady gains in the telecommunications segment.
Mohanlal, mermaids and made-for-each-other couples on OTT this week. Sukanya Verma lists your OTT options.
Reliance Industries Ltd reported a 12.5 per cent fall in its March quarter net profit, primarily impacted by the global energy crisis affecting its oil and chemicals business, while its consumer-facing Jio Platforms unit saw a 13 per cent increase in profit after tax.
The recently concluded TATA IPL 2026 season achieved a record viewership of 1.2 billion, marking a seven per cent year-on-year growth. The final, where RCB secured their second consecutive title, became the most-watched IPL match ever, contributing to 870 billion minutes of watch-time and significant digital growth across platforms.
Ranveer's revenge, Karisma's return, royal romance, office romance, biopic of a watch, warmth of a Gullak, OTT has truckloads of surprises to offer this week.
The India vs Pakistan match in the Women's T20 World Cup created a new record as the most-attended group-stage game in the history of the ICC Women's World Cup.
Catch Akshay chase off bhoots, Suriya's blockbuster, the King of Pop and more on OTT this week. Sukanya Verma lists your hot picks.
From Arshad Warsi's anecdotes about the father-son duo Rajkumar Hirani and Vir Hirani to Vikrant Massey's excitement over playing an unconventional villain to a lovely Shreya Ghosal performance, Pritam And Pedro's trailer launch had it all.
Zee Entertainment said on Monday it had secured the rights to broadcast the 2026 FIFA World Cup and 38 other FIFA events through 2034.
Meta has partnered with Reliance Industries Ltd (RIL) to construct its first AI-powered data centre in India, a 168-megawatt facility located in Jamnagar, marking a significant milestone in Meta's global infrastructure expansion and deepening its strategic partnership with Reliance.
Airtel, which upgraded all postpaid customers to priority plans, argued that the service did not throttle or degrade the experience for its prepaid customers, forming the majority of its 368 million customers in the country.
India spinner Shreyanka Patil opened up on how she nearly gave up cricket because of depression during a lengthy injury lay-off.
Spiders, spies and sleuths on OTT this week, Sukanya Verma lists your top picks.
Reliance Jio is aiming to be one of the first scalable token service providers in the world by deeply adopting and integrating artificial intelligence (AI) into its operations, said Jio Platforms group chief executive officer (CEO) Mathew Oommen at the Mobile World Congress in Barcelona.
Following India's dominant win over Afghanistan in the second ODI in Lucknow, former India captain Sunil Gavaskar praised young fast bowler Gurnoor Brar for his standout performance, highlighting his rhythm, run-up and ability to extract steep bounce.
Afghanistan opener Rahmanullah Gurbaz credited India head coach Gautam Gambhir for his technical inputs after smashing a 51-ball 102 in the rain-hit first One-Day International.
Sunil Gavaskar praised India's team-first approach and clinical chase against Afghanistan in the opening ODI, highlighting KL Rahul's selfless batting and the contributions of Nitish Kumar Reddy and debutant Gurnoor Brar. Former England spinner Graeme Swann warned of a tougher challenge in the second ODI in Lucknow due to Afghanistan's strong spin attack.
India will take on Afghanistan in a one-off Test from June 6 onwards at New Chandigarh. This comes after the Men in Blue suffered a 0-2 clean sweep loss to South Africa at home last year, marking back-to-back series whitewashes in two years in a row, after a 0-3 whitewash loss to New Zealand in 2024, which marked the end of India's 12-year unbeaten streak at home.
Former India all-rounder Irfan Pathan discusses India's ODI series against Afghanistan as a crucial opportunity to assess squad depth for the upcoming ICC World Cup, highlighting key players and their roles, especially for South African conditions.
Rajasthan Royals teenager Vaibhav Sooryavanshi was showered with praise by modern day cricket big hitters after his stunning 97 off 29 balls against Sunrisers Hyderabad in the IPL 2026 Eliminator.
Former India captain Mithali Raj has expressed concerns over the Indian women's cricket team's bowling department, citing a lack of "role clarity" ahead of crucial ICC Women's T20 World Cup matches. She believes bowling is India's weakest link, especially with Shreyanka Patil's injury and an out-of-form seam attack, while praising the batting strength led by Smriti Mandhana and Richa Ghosh.
