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Jio valued at $108 billion in IPO, joins Meta, Alibaba and SpaceX club | All you need to know
Jio Platforms debuted at a valuation above $100 billion, joining founder-led companies such as Meta, Alibaba and SpaceX. Its shares opened 21.4% above the issue price, making it Indias second-most valuable listed company and the countrys most valuable telecom firm.
Jio effect! Reliance beats Tata to become India's most valued conglomerate
Jio Platforms listing has propelled the Reliance Group to become Indias most valuable conglomerate, with a combined market capitalisation of over Rs 28 lakh crore, surpassing the Tata Group. Jio debuted at Rs 1,358, a 21% premium to its IPO price of Rs 1,119, adding over Rs 12.5 lakh crore to Reliance Groups market value.
Arvind Q2 profit rises 44% to 148 cr, aided by gains in textiles & Advanced Materials divisions
Profit was also boosted by a net exceptional gain during the quarter, following the reversal of an earlier impairment provision.
Akash Ambani vows to take Jio to greater heights, democratise new tech, space connectivity in 10 yrs
Ambani says the company aims to democratise technology with the potential to transform Indian lives over the next ten years, including connectivity from space
Jio listing a new beginning, next decade to focus on AI: Akash Ambani
Jio Platforms' Managing Director Akash Ambani on Wednesday told employees that the company's stock market listing is not our destination but a new beginning, and asserted that its next decade must be about empowering every Indian to realise their potential to the fullest in the age of Artificial Intelligence. The message came on the day Jio Platforms Limited (JPL) made its debut on the Indian stock exchanges. Shares of Jio Platforms, the Reliance Industries-backed digital services company, made a blockbuster debut on Wednesday, surging 21 per cent against the issue price of Rs 1,119 and becoming the second most valuable domestic firm by market capitalisation. In an email to employees, Akash Ambani said the company must now lead the next wave of technological transformation. From ubiquitous connectivity to digital services, from cloud to artificial intelligence, we must once again lead the next wave of technological transformation - making the world's most advanced technologies
Supreme Court agrees to hear challenge to definition of industry in new Central law
The All India Trade Union Congress Tamil Nadus petition challenged the definition of industry under the Industrial Relations Code (IRC) 2020 as deliciously vague; The senior counsel Gopal Sankaranarayanan said the definition in the IRC Code did not meet the requirements of the triple test
Adani Ports Q2 Results: Net profit jumps 17% YoY to Rs 3,622 crore; revenue up 24%
Adani Ports Q2 Results: Adani Ports reported a 17% year-on-year rise in Q2 FY27 net profit to Rs 3,622 crore, while revenue grew 24% to Rs 11,340 crore. The company raised its FY27 revenue and EBITDA guidance by Rs 1,000 crore each and increased its capex guidance by Rs 3,000 crore, citing strong first-half performance.
ABD crosses 10 million case mark in Q2 as margins narrow on supply chain hit
Volume milestone up 11.1% from 9 million cases in Q2 FY26, supported by sequential growth across all four ABD millionaire brands
Jio Platforms delivers biggest listing gain among Indias 5 largest IPOs, jumps 21% on debut
Jio Platforms shares listed at a 21.35% premium to the IPO price of Rs 1,119, delivering the biggest listing-day gain among Indias five largest IPOs by issue size. Brokerages Nomura, Motilal Oswal and Elara Capital initiated coverage with Buy ratings, citing tariff hikes, subscriber monetisation and digital services growth.
Adani Greens debt maths: Why leverage may fall below 4x as capex cycle matures
Adani Green Energy Limited is looking forward to a decrease in leverage as its upcoming projects start functioning and yield cash flow. With a substantial 2.4 lakh crore earmarked for capital expenditures by FY30, the company aims to enhance its renewable energy capacity. As project loans are paid off, leverage is expected to dip below four times.
Food and household brands warn of more price hikes as Iran war costs bite
Soaring costs related to the war are the latest headache for consumer goods, food and drink companies, which have struggled with lacklustre sales since the pandemic
Waaree Energies flags US-linked export order cancellations
The solar module maker says the contracts have not necessarily been cancelled, but have been removed from its order book due to concerns over servicing them under changed US trade rules.
Mint explainer | From FASTag to satellite tolling: how will highway users pay in the future?
India is moving towards barrier-free tolling using FASTag, number-plate recognition and, eventually, satellite technology. Heres how the transition could affect payments, local commuters and highway users.
Indian IT stocks fell sharply on Wednsday as renewed optimism around the global AI trade weighed on sentiment. Strong earnings from SK Hynix and Anthropic
Michelin stars, sold-out dinners: the business of bringing global chefs to India
From 10,000 pop-ups to menus costing over 75,000/person, luxury hotel groups are increasingly flying in chefs from Michelin-starred restaurants, acclaimed international culinary talent and prominent Indian chefs to attract diners willing to pay a premium for exclusive dining experiences.
Piramal Pharma Limited Announces Results for Q2 and H1 FY27
Mumbai (Maharashtra) [India], October 28: Piramal Pharma Limited (NSE: PPLPHARMA | BSE: 543635), a leading global pharmaceutical, health and wellness company, today announced its standalone and consolidated results for the Second Quarter (Q2) and Half Year (H1) ended 30th September 2026.
LT Foods H1 FY27 revenue rises 22%, North America drives growth; shares in red
Shares of LT Foods Limited were trading lower on Wednesday, falling 6.27% to 367.30 by mid-morning, against a previous close of 391.55
HUL posts 15% sales growth, declares 19 dividend; stock falls 1.8%
FMCG major posted consolidated turnover of 18,071 crore for Q2 FY2026, up 15% USG driven by 7% UVG
Maruti Suzuki shares post marginal gains despite a 26% YoY decline in Q2 FY27 net profit. Jefferies, Nomura and Elara Capital lower their target prices, citing weaker margins and financial income, even as record sales volumes and strong revenue growth offer support.
Gail to invest $63 million in heating unit at Ratnagiri LNG terminal
The facility, due to be completed by June 2027, will enable the company to run the LNG terminal at its full capacity of 5 million tons per annum
Nucelion Therapeutics, Pandorum Technologies to take up 2 ophthalmology projects
The two projects will focus on developing investigational therapies for advanced keratopathy and wet age-related macular degeneration (wet AMD)
TCS, Vedanta among 10 companies offering dividend yield of up to 7%. Do you own any?
Currently, numerous companies are enticing income-focused investors with impressive dividend yields. Notably, Vedanta and Coal India shine with a hefty 7% dividend yield. In comparison, Indian Oil Corporation and Bharat Petroleum offer more modest yields at 6%. Conversely, Tata Consultancy Services and HCL Technologies yield at around 4%, targeting distinct investor preferences. These firms highlight the significance of consistent dividend income for shareholders.
Subros shares surge 10% after securing Rs 1,225 crore HVAC supply order from Maruti Suzuki
Subros shares surged up to 10% after securing a Rs 1,225 crore HVAC supply contract from Maruti Suzuki for two vehicle models over approximately seven years. The award comes as the stock remains down around 45% over the past year.
35 drugs get cheaper across the board, 47 stay unchanged, and cuts reach 93% on some brands
'Fully subscribed in 95 minutes: Jio listing leaves with greater responsibility, says Akash Ambani
Interest income contributes 32% of Zerodha revenue: How it compares with Groww, Angel One
Zerodha earned 32% of its FY26 revenue from interest income, while brokings share fell to 44% from 70% in FY21. Its MTF loan book grew more than sixfold to 5,368 crore by June 2026. ICRA cited strong capitalisation but warned of exposure to volatile capital markets and lending risks.
Isha Ambani says Jio IPO marks a promise, renews Dhirubhai Ambanis trust with investors
Isha Ambani described Jio Platforms stock market debut as a promise to honour the trust of investors and customers, nearly five decades after Dhirubhai Ambani took Reliance Industries public. Jios Rs 30,200-crore IPO attracted over Rs 7 lakh crore in demand, with the stock listing at a 21.3% premium.
Adani flagships $10-billion wipe-out raises stake for earnings
Growth prospects for Adani Enterprises airport and copper businesses, its joint venture with Jabil for AI and data centre equipment manufacturing to remain in focus; company to announce its results on Wednesday
CTI seeks ban on protests in Delhi till Deepavali, says business hit
The organisation said restrictions are needed to protect the business of around 15 lakh traders in the national capital.
Smallcap stocks rally up to 21% in 2 days: Should you chase the rush or book profits?
In the last two trading sessions, smallcap stocks have experienced an impressive resurgence, with certain stocks posting significant gains. As investors weigh their options, they face the decision of whether to capitalize on this upswing or secure profits amidst growing caution. Technical analysts identify critical resistance levels, foreseeing possible pullbacks. They recommend partial profit-taking at these points while also highlighting several stocks with promising recovery signs for potential purchases.
Jio jumps 21% in market debut, dethrones Bharti Airtel as largest telecom player by m-cap
At Jio Platforms' listing ceremony, managing director Akash Ambani outlined plans to take the company beyond connectivity into areas including AI, cloud and connected devices.
Indian tax officials visit liquor maker Radico Khaitan's offices amid Scotch imports review
The visit from the Directorate of Revenue Intelligence is part of an industry-wide exercise being conducted by the authority
Tata Group Being Criminally Destroyed, Will Ensure Justice For These Crimes: Rahul Gandhi
Tata Group is being criminally destroyed, and no business leader dares say a word, Congress leader Rahul Gandhi alleged on Wednesday, asserting that we will ensure justice for these crimes. Gandhi's remarks come amid Tata Group's bitter dispute over Tata Sons'
Jio's next decade is about AI, cloud and space tech: Akash Ambani
Jio Platforms made a strong market debut as Akash Ambani outlined plans to expand into AI, cloud computing and space-based connectivity over the next decade
Bajaj Auto to increase monthly electric 2W capacity to 80,000 units by March end
Bajaj Auto has electric two-wheeler production capacity of around 60,000 units but recently manufactured only 40,000 units due to a supply chain issue
Jio Platforms debuts on stock exchanges at premium of 1,358 per share
Jio becomes Indias second-largest company in terms of market capitalisation at 12.5 lakh crore, replacing Bharti Airtel
United Breweries shares rally 14% after Q2FY27 profit jumps 191% YoY
United Breweries shares surged by 14.44% as the company announced a staggering 191% jump in net profit, now at Rs 135 crore for the September quarter of FY27. Additionally, net sales increased by 24% to reach Rs 2,537 crore, driven by strong premium beer sales. However, despite this impressive performance, the stock has seen a decline of about 30% over the previous year.
HUL Q2 results: Volumes grow at multi-quarter high of 7%
The company said commodity inflation is expected to continue in the short term.
Isha Ambani recalled Dhirubhai Ambani and Reliances 1977 public offering. She credited Jios focus on customer value for its reported earnings and thanked investors for their trust.
ANALYSIS-Weak domestic returns fuel India's overseas retail investing boom
India's top money managers are launching a flurry of funds in a tax-neutral hub to absorb the record sums that domestic investors are sending overseas, frustrated by weak returns at home and craving exposure to AI-related assets. At least half a dozen such funds have been launched in the pa
Jio Platforms debuted at a 21.36% premium to its IPO price on Wednesday, while Nomura, Motilal Oswal and Elara Capital initiated coverage with Buy ratings. Brokerages cited telecom leadership, tariff hikes, rising ARPU, digital services and improving cash flow as key growth drivers.
L&T shares rally 6% after Q2 net profit jumps 33% YoY. Why Jefferies cut target price?
Larsen & Toubro (L&T) shares rose sharply on Wednesday after the company reported a 33% year-on-year rise in Q2 FY27 net profit to Rs 5,202 crore. Jefferies retained its Buy rating but cut the target price to Rs 4,700, citing weaker-than-expected margins and factoring in lower estimates.
HUL Q2 results: Net profit rises 4% to 2,790 crore, volume growth at 7%
The FMCG major recorded its highest underlying sales growth in 14 quarters at 15 per cent, while net sales increased 14.5 per cent to 18,226 crore
Jio Platforms made a strong stock market debut, listing at a 21.3% premium after its Rs 30,200 crore IPO was fully subscribed within 95 minutes. Managing Director Akash Ambani outlined Jios next phase of growth, focusing on democratising artificial intelligence, cloud computing, space connectivity and emerging digital technologies to transform lives across India.
Jio Platforms listing at BSE: 'Will create value for decades to come', says Akash Ambani
Jio Platforms listing at BSE: 'Will create value for decades to come', says Akash Ambani
Live2.ai secures 130 crore in funding round led by IvyCap Ventures
The round comprises both primary capital, which will fund the companys growth, and a secondary component, which provides partial liquidity to early shareholders
Emmvee expands manufacturing capacity amid solar-cell supply concerns
Company advances 5,500-crore expansion as demand for domestic solar equipment grows
Tata Group being criminally destroyed, will ensure justice for these crimes: Rahul
The Leader of the Oppositions remarks come amidst Tata Group's bitter dispute over Tata Sons' leadership
Bad press aside, do Bollywoods plagiarism rows have an on-ground impact?
Lawyers say copyright protects the expression of an idea, not the idea itself. It must be shown that the other side had access to a work and then copied its substance, not merely that two films share a premise
Jio makes its D-Street debut: What it means for Reliance Industries investors and the road ahead
Jio Platforms stock market debut has brought its standalone valuation into focus, raising questions about value unlocking for Reliance Industries shareholders. Analysts weigh the outlook for Jio and RIL, the holding-company discount, and the growth drivers shaping their investment cases.
Jio after listing: 5 factors that could drive big returns for long-term investors
Jio Platforms recently debuted on the stock market with a strong initial premium over its IPO price. The company is well-positioned for growth due to its largest subscriber base and potential market expansion. Increased revenue can also result from higher average revenue per user and upcoming tariff hikes. Additionally, Jio's ventures into home broadband, AI, and cloud services present new revenue opportunities.
Jio Platforms storms Dalal Street, lists 21% above issue price
Over 96.6 crore shares changed hands in the first hour of trade, generating a turnover of 13,132 crore
Q2 results: Adani Enterprises, APSEZ, Hero MotoCorp, 141 more on Oct 28
Q2FY27 company results: Firms including Hyundai Motor India, Meesho, Info Edge (India) (Naukri), Pidilite Industries, and Vedanta are also to release their July-September earnings today
Akash Ambani said demand for Jio Platforms IPO exceeded expectations, thanking shareholders and expressing confidence in the companys future. Jio shares debuted on the BSE at a 21% premium to the issue price after the offering was subscribed more than 22 times.
India among Oracle NetSuite's highest-priority markets: Asia head Suxena
India is one of Oracle NetSuite's highest-priority markets, a senior company executive said, adding that small Indian businesses, especially those outside the big metros, are increasingly using artificial intelligence (AI) and cloud to expand into new states and, in some cases, overseas. Speaking to PTI on the sidelines of Oracle AI World, Amit Suxena, group vice president and head of Asia at Oracle NetSuite, an AI-native business management platform, said momentum among Indian businesses had been growing over the last four to five years. One of the biggest advantages India has is that we have a young population which is actually now native to using cloud and AI, which means that India is not burdened like some of the other mature economies where they like to use legacy systems, Suxena said. He said technology was narrowing the gap between small firms and large companies, letting smaller businesses grow beyond the city they started in. Overall, from a business perspective, I'm .
EAAA India Alternatives IPO Day 3: Check GMP, subscription status and key details
EAAA India Alternatives Rs 1,200-crore IPO entered its final subscription day on October 28, 2026, with 33% subscription on day two and a modest 1% grey market premium. The entirely offer-for-sale issue features a Rs 1,585Rs 1,665 price band. FY26 income rose 23%, while profit increased 15%.
HUL Q2FY27 result: Net profit rises 4% to 2,790 crore; sales grow 15%
On a continuing-operations basis, reported PAT was flat at 2,796 crore, while PAT before exceptional items grew 9% and Ebitda margin fell 140 basis points
HUL Q2 Results: Net profit rises 4% YoY to Rs 2,790 crore; Rs 19/share dividend declared
HUL Q2 Results: The companys revenue from operations rose 15% year-on-year to Rs 18,226 crore in the quarter, compared with Rs 15,919 crore in the corresponding period last year.
Kirloskar Pneumatic Q2 net profit drops 9% to 40 crore
Total income drops to 334.4 crore in the second quarter of FY27, compared to 393.6 crore in the same period of the previous fiscal
Two SME IPOs open today: Ajwa Projects, Carver Roboweld. Check price band and key details
Ajwa Projects and Carver Roboweld will launch their SME IPOs on October 28, aiming to raise a combined Rs 66.34 crore. Both issues will close on October 30 and are expected to list on the BSE SME platform on November 4.
Bajaj Finserv Share Price Live Updates: Bajaj Finserv's Financial Overview
At the Jio IPO listing ceremony, Anant Ambani recalled Dhirubhai Ambanis humble beginnings, from a modest home in Chorwad to working at a petrol pump in Aden. His story of ambition moved Mukesh Ambani to tears.
Hindustan Unilever profit up 6% at 2,844 crore on healthy demand
Visa earnings beats estimates as payments volume rises 9%
The companys payments volume increased to $4.08 trillion, up from $3.73 trillion during the period last year
Kotak adds 5 new midcap stocks which fell up to 16% in one month to its model portfolio. Take a look
In response to recent market fluctuations, Kotak Institutional Equities has revamped its model portfolio, strategically introducing five mid-cap stocks that have seen notable price reductions. Among the new additions are Aster DM Quality Care and Dixon Tech, both showcasing promising upside potential. Alongside them, Emcure Pharmaceuticals and Endurance Technologies highlight substantial growth opportunities despite ongoing market corrections.
On Wednesday, Indian stock markets took a nosedive as geopolitical tensions escalated and oil prices soared. The Sensex plummeted over 760 points, with Nifty 50 also facing substantial losses during the initial trading hours. Major IT firms suffered, leading to a decline in the overall market capitalization of listed companies.
Indiamart Q2 net profit up 9.8% at 90.7 cr, revenue rises to 428.64 cr
Total income grew 4.95% at 421 crore in the second quarter of the current fiscal
TD Power Systems among 3 stocks close crossing below VWAP
Three Nifty 500 stocks, TD Power Systems, One97 Communications and Shipping Corporation of India, closed more than 1.5% below their respective VWAPs on October 27, according to StockEdge data.
M.K. Sons Fine Jewels IPO opens today: Check GMP, key details. Should you subscribe?
M.K. Sons Fine Jewels Rs 275.40-crore IPO opens for subscription on October 28 and closes on October 30, with a grey market premium of around 6%, indicating modest listing-gain expectations. The issue comprises a fresh issue of Rs 220.32 crore and an offer for sale of Rs 55.08 crore. Allotment is expected on November 2, with listing tentatively scheduled for November 4 on the BSE and NSE.
Ambani pulls off a blockbuster: Jio IPO makes 13 records, rewrites Dalal Street history
Jio Platforms celebrated a remarkable achievement with its IPO, raising Rs 30,188 crore and drawing an unprecedented wave of investor interest. Over 1.38 crore applications poured in, breaking previous records for both institutional bids and public participation in Indian IPOs. The shares were issued solely as new equity, reinforcing the strong appeal and confidence in the Indian market offerings.
Anthropic has more cash than Nvidia and Apple combined: What explains its $132 billion pile?
Anthropic reported $131.7 billion in cash and short-term investments as of June 30, more than Nvidia and Apple combined. The company has raised $141 billion privately so far
RIL shares in focus ahead of Oct 30 earnings, fundraising decision; all eyes on Jios mega listing
Reliance Industries will remain in focus ahead of its October 30 board meeting to approve Q2 FY27 results and consider raising funds through non-convertible debentures (NCDs). The fundraising amount and other terms have not been disclosed. Investors will also track RIL as its telecom arm, Jio Platforms, makes its stock market debut, potentially emerging as Indias second-most valuable listed company.
Jio Platforms has received its first Buy recommendation ahead of its stock market debut, with Nomura setting a target price of Rs 1,340, implying 20% upside from the issue price of Rs 1,119. The brokerage cites Jios leadership in wireless subscribers, data traffic and home broadband, adding that its listing could support steady tariff hikes and drive monetisation.
UltraTech Cem Share Price Live Updates: UltraTech Cement's Price Movement Today
BWH Hotels looks to add independent hotels in smaller cities
BWH Hotels is also changing its master brand to WorldHotels, bringing its luxury portfolio into the same brand family.
Q2 Results Today, 28th October 2026 Live Updates: businessline brings to you latest Q2 annoucements, earnings updates and more.
Rural Gen Z consumers expanding baskets, adopting influencer led shopping : Report
The Rural Barometer Report 2026 finds younger consumers driving digital shopping, influencer-led discovery and AI adoption amid cautious household spending.
Eicher Motors Share Price Live Updates: Eicher Motors shows minor gains today
Hero MotoCorp Share Price Live Updates: Hero MotoCorp Stock Details
SBI Share Price Live Updates: SBI's Current Trading Status
Data Patterns among 4 stocks showing the White Marubozu pattern
Four Nifty500 stocks gained over 7% and featured in StockEdges White Marubozu scan on October 27, signalling strong upward price momentum during the session.
Jio Platforms shares to be available under MTF from Day 1. What should investors know?
Jio Platforms shares are set to debut on October 28 and will be available under the Margin Trading Facility (MTF) from day one. The stock commands a grey market premium of Rs 246-247 over its IPO price of Rs 1,119. The issue was subscribed 22.19 times, while analysts see long-term growth potential in Jios telecom leadership and expanding digital businesses.
Sona BLW Precision Forgings among 4 stocks showing RSI trending up
Four Nifty500 stocks gained over 9% and appeared in StockEdges RSI Trending Up scan on October 27, signalling strengthening price momentum as their Relative Strength Index (RSI) crossed above 50.
Cipla Share Price Live Updates: Cipla's Trading Dynamics
BPCL Share Price Live Updates: BPCL's Price Movement Below 20-Day SMA
HDFC Bank Share Price Live Updates: HDFC Bank's Trading Volume Overview
JSW Steel Share Price Live Updates: JSW Steel Market Activity Update
Paras Healthcare shares to list today: Check GMP ahead of debut
The Rs 1,450-crore IPO comprised a fresh issue of 72.15 lakh shares worth Rs 500 crore and an offer for sale (OFS) of 1.37 crore shares aggregating to Rs 950 crore. The company fixed the price band at Rs 660693 per share, with a lot size of 21 shares. At the upper end of the price band, retail investors applying for one lot were required to invest a minimum of Rs 14,553.
