ICICI Securities expects Jio Platforms' ensuing IPO to fetch "premium valuations", as was the case in the high-profile equity raise of FY21, and has pegged the company's equity value at $148 billion by September 2027.
Jio Platforms Limited is likely to have a valuation of $148 billion by the time it goes public on the back of strong free cash flow and potential deleveraging, ICICI Securities said.
Reliance holds 67.03% of Jio Platforms Limited and the public listing would provide an exit to many investors.
Reliance Industries (RIL) annual general meeting (AGM) had several stunning announcements. RIL looks to list Jio Platforms (JPL) by June 2026. It targets doubling of FY22 earnings before interest, taxes, depreciation and amortisation (Ebitda) (Rs 1.25 trillion; $14.6 billion) by FY27 implying 14.7 per cent compound annual growth rate (CAGR) over the FY22 levels.
Reliance Jio, India's biggest telecom operator, is planning to launch an initial public offering (IPO) and listing on bourses in the first half of 2026, billionaire Mukesh Ambani said on Friday. Jio is currently a unit of Reliance Industries Ltd, India's most valuable company.
NISAR will not be used for surveillance and will be used to observe the earth.
Twice every 12 days, the NISAR satellite will scan nearly all of earth's land and ice surfaces to measure changes in the planet's ecosystems, growth and retreat of its land and sea ice, and deformation of its crust.
There is nothing, when it comes to clothes, that Sonam cannot wear well. Nor are there fashion rules that she won't break if need be.
Bharti Airtel is expected to see its highest revenue growth, and subscriber addition during the third quarter (October-December) of FY25 among telcos, said analysts. The telco's top line in Q3 may see the fastest sequential growth at 5 per cent compared to 3 per cent for Reliance Jio and Vodafone Idea (Vi). Airtel's annual mobile revenue growth would rise to 16 per cent, IIFL Capital said in an analyst note.
Reliance Industries Ltd on Monday reported a 5 per cent fall in the net profit for the July-September quarter, as weak oil refining and petrochemical business hurt operational performance.
Planet Nine, if it exists, is somewhere between 6-10 times the mass of Earth, and it may have an orbit that takes it around the sun once every 1,500 Earth years or more.
Reliance Jio Infocomm (RJIL) has written to the Telecom Regulatory Authority of India (Trai) stating that a recent complaint against it by Bharti Airtel is a deliberate, malicious attempt at defaming RJIL's consumer-friendly tariff. RJIL has also asked the regulator to warn Airtel against 'making such frivolous complaints in the future'. The move is in response to Airtel recently requesting Trai to bring content aired through broadband under the regulatory fold and keep a check against discriminatory bundling tactics.
Billionaire Mukesh Ambani's children -- Isha, Akash and Anant -- on Monday were appointed on the board of his energy-to-technology conglomerate Reliance Industries Ltd, in what is seen as a clear path of succession planning at India's most valuable company.
Shares of Reliance Industries (RIL) traded 2 per cent higher at Rs 2,310.10 on the BSE in intra-day trade in an otherwise volatile market after the company reported a 27.4 per cent year-on-year (YoY) growth in its consolidated net profit at Rs 17,394 crore for the September quarter (Q2FY24). While revenue growth of the company was flattish YoY at Rs 2.32 trillion, the profit rose on the back of operational improvement across most segments, especially higher profits in the O2C (oil-to-chemicals) and oil & gas businesses, as well as the retail business. "Strong operational and financial contribution from all business segments has helped Reliance deliver another quarter of robust growth," said Mukesh Ambani, chairman and managing director of the company.
The three Indian companies are Alpha Design Technologies Pvt Ltd, Bharat Forge Ltd and Medha Servo Drives Pvt Ltd, the space organisation said in a statement on Friday.
Billionaire Mukesh Ambani on Monday laid bare the succession plan at India's most valuable company, identifying twins children Akash and Isha for telecom and retail leadership, and youngest son Anant for new energy unit. He, however, insisted he isn't retiring yet and will "continue to provide hands-on leadership as before". At the annual shareholders' meeting of Reliance Industries Ltd, he said the robust architecture that he has announced will ensure the firm remains "a unit, well-integrated and secure institution even as it develops existing businesses and adds new growth engines."
Digital services company Jio Platforms on Monday announced a joint venture with Luxembourg-based SES to provide satellite-based broadband services in India, a joint statement said. The two companies have formed a joint venture, Jio Space Technology Limited, in which Jio Platforms (JPL) and SES will own 51 per cent and 49 per cent equity stake respectively. "The joint venture will be the vehicle for providing SES's satellite data and connectivity services in India, except for certain international aeronautical and maritime customers who may be served by SES.
Mukesh Ambani has resigned from the board of his group's telecom arm, Reliance Jio and handed over the reins of the company to elder son Akash, a step seen as succession planning by the 65-year old billionaire. In a stock exchange filing, Reliance Jio Infocomm said the company's board at a meeting on June 27, "approved the appointment of Akash M Ambani, non-executive director, as chairman of the board of directors of the company." This comes after his father resigned with effect from close of working hours on June 27, it said.
The court issued notice to the ministry and directed it to file its response in two days.
'InSight will study the interior of Mars and will teach us valuable science as we prepare to send astronauts to the Moon and later to Mars.'
"We have been able to detect NASA's Lunar Reconnaissance Orbiter (LRO) and the Indian Space Research Organisation's Chandrayaan-1 spacecraft in lunar orbit with ground-based radar," said Marina Brozovic, a radar scientist at JPL and principal investigator for the test project.
The government has so far closed bids for 13 blocks.
New video from NASA's Mars 2020 Perseverance rover chronicles major milestones during the final minutes of its entry, descent, and landing on the Red Planet on February 18 as the spacecraft plummeted, parachuted and rocketed toward the surface of Mars. A microphone on the rover also has provided the first audio recording of sounds from Mars.
The presence of phosphine in Venus's thick atmosphere has revived the age-old question: Are we alone?
The solar-powered spacecraft which left Earth five years ago finally reached its destination and entered into Jupiter's orbit.
NASA's Kepler mission has confirmed the first near-Earth-size planet in the 'habitable zone' around a sun-like star.
The new organism -- Solibacillus kalamii -- was found on the filters of the International Space Station.
Bikkannavar is a US citizen and is working with NASA for 10 years. In addition, he has never visited the countries on the immigration ban.
The US astronaut reflected on the importance of international cooperation in space missions like these.
Rediff.com takes a look at spacecraft that have successfully made it to Mars.
In what would be the second biggest initial public offer, Naveen Jindal-promoted Jindal Power Ltd plans to raise up to Rs 10,000 crore in this financial year.
A facsimile edition of British daily The Independent will soon be brought out from New Delhi by its Indian joint venture partner Jagran Prakashan Ltd, which publishes the popular Hindi daily Dainik Jagran.
Although asteroid 4179 Toutatis will come no closer than four times the distance between the Earth and the moon, this will be the closest approach of any known asteroid of comparable size this century.
Diverse marquee investors are becoming long-term shareholders of Jio Platforms because of a unique set of technologies and platforms under one entity.
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Former Sri Lanka captain Sanath Jayasuriya has said Indian batting legend Sachin Tendulkar was the best player in world cricket and nobody could replace him.
The launch of India's Mars Orbiter Mission has been delayed by almost a week and a decision on the new date would be taken on October 22, the Indian Space Research Organisation said on Saturday. The launch window for the MOM mission was earlier slated from October 28 to November 19 and a decision on the launch date was to be taken on Saturday.
Led by a team of scientists of Indian-origin, NASA's Curiosity rover has found new evidence of water on Mars, indicating that the planet most like Earth in the solar system was suitable for microbial life.
Since its August 2012 landing inside Mars' Gale Crater, Curiosity has been studying the planet's ancient and modern environments.
Scientists have recorded haunting sounds cast by Jupiter's auroras, captured by NASA's solar-powered Juno spacecraft during its first full orbit around the king of planets.
Started in August 2013 as a technology development project at NASA's Jet Propulsion Laboratory, the Mars Helicopter had to prove that big things could come in small packages.
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