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Jio Platforms to launch record India IPO next week
Billionaire Mukesh Ambani’s Jio Platforms Ltd plans to formally kick off investor outreach for its initial public offering as early as next week, according to people familiar with the matter, advancing plans for what could be one of India’s largest-ever listings.
Jio Platforms gets SEBI nod for ₹37,700-crore IPO
Jio Platforms has received SEBI approval for its mega IPO, expected to raise around ₹37,700 crore ($10 billion), making it India's largest-ever listing. The company's DRHP details have been released, and Reliance Jio Infocomm reported a 6.79% rise in standalone net profit for the June 2026 quarter. The IPO is now a step closer to launch, with the company likely to open the offering in the coming weeks.
Supreme Court reviews CBI, ED reports in ADAG loan fraud case
3 Min Read The Supreme Court on Monday, August 24, took on record fresh status reports filed by the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) on their probes into alleged financial irregularities involving companies of the Anil Dhirubhai Ambani Group (ADAG).
Indian indices close lower as late recovery fails
Mixed Market Signals Indian benchmark indices ended lower on Friday as the late-session recovery failed to hold, with the Sensex falling 71 points to 78,009 and the Nifty declining 30 points to 24,366. The session saw mixed stock-specific moves, with Ashok Leyland, Voltas and Bharat Dynamics gaining after strong earnings, while Natco Pharma and Alkem Labs faced pressure.
FIIs dump Rs 1 lakh crore in 10 stocks; 8 resist selloff
Foreign institutional investors have offloaded nearly Rs 1 lakh crore across ten major stocks, yet eight of these names have managed to defy the selling pressure and hold their ground. The divergence highlights selective resilience amid broad-based FII outflows, with Infosys and Maruti Suzuki among the stocks in focus. Market participants are closely tracking whether the selling intensifies or stabilizes as earnings season progresses.
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Jio Platforms said to start marketing record India IPO next week - CNBC TV18
Story first reported.