The deal is reportedly valued between $30-35 million and would secure access to television and digital audiences across the country for the tournament
Despite a modest rise in quarterly revenue, Vodafone Idea continues to lose ground in India's telecom market as Reliance Jio and Bharti Airtel consolidate dominance
Digital services company Jio Platforms has appointed Akash Ambani as managing director of the company ahead of its initial public offering, according to a regulatory filing. Jio Platforms is expected to file draft papers for its Initial Public Offering (IPO) by the end of May or in June. "Akash M Ambani...appointed as managing director of the company, for a period of 5 years with effect from April 9, 2026," the filing dated May 7 said. Ambani has been on the board of Jio Platforms' telecom arm Reliance Jio Infocomm (RJIL) since October 2014. In June 2022 , he was elevated to the position of Chairman of RJIL. During his tenure, Jio achieved the feat of crossing the 100 million subscriber mark in less than six months of its launch in 2016. The company posted profit of over Rs 30,000 crore and revenue of Rs 1.46 lakh crore for fiscal year 2026.
India’s primary market could be headed for another blockbuster phase. From the National Stock Exchange and Reliance Jio to Zepto and Flipkart, several high-profile companies are preparing for public l
The u-turn was triggered by some Jio shareholders pushing for a higher price band, while the conglomerate favors a more conservative valuation to avoid listing-day losses for retail investors
From Vodafone Idea's financial struggles and Bengal's political tensions to oil market reactions during the Iran conflict, here are the top opinions of the day
Reliance Industries' planned listing of its digital arm Jio Platforms could be delayed to the second half of fiscal 2027 due to geopolitical tensions in the Middle East, CreditSights said on Wednesday. In its commentary on FY26 earnings of India's most valuable company, CreditSights said the management in the earnings call shared that "the Jio IPO was imminent." Earlier market rumors reported that the IPO could come as early as May, with Reliance looking to shed 2.5-3 per cent stake from its existing 67 per cent stake in Jio for close to USD 4 billion (Rs 37,500 crore). "We believe the Mideast conflict may delay Jio's IPO towards the second half of the year," CreditSights, part of the Fitch Group, said. "A Jio IPO will raise cash for debt repayment and capex, and improve Jio's competitiveness against rivals Bharti and Vodafone Idea." Reliance reported 2025-26 (FY26) revenue and EBITDA growth of 10 per cent and 8 per cent year-on-year, respectively, with retail and telecom continuin
Weak O2C performance drives analysts to cut target price, earnings estimates even as valuation helps retain 'buy' ratings
Jio Platforms net profit up 13% to ₹7,935 crore in Q4
On a sequential basis, profit decreased by 8.98 per cent from ₹18,645 crore
Reliance-Meta AI joint venture REIL names Parminder Singh as CEO to drive enterprise AI capabilities, backed by Meta's technology and Reliance's infrastructure and reach
WhatsApp has introduced in-app prepaid mobile recharge for users in India, enabling seamless payments for Jio, Airtel and Vi plans as it expands its payments ecosystem
Reliance may file Jio Platforms IPO papers in May after delay due to market volatility, with full-year earnings expected to strengthen India's biggest-ever listing
Jio-BP, the fuel joint venture of Reliance Industries Ltd and BP Plc, does not plan to raise fuel prices immediately despite a spike in international oil prices, its chief executive Akshay Wadhwa said on Friday. The country's second-largest private fuel retailer has kept retail petrol and diesel rates steady, just like public sector firms, which have not passed on the surge in raw material (crude oil) cost to consumers for fear of spiking inflation. "We are in this with the country," Wadhwa said on the sidelines of an industry event here. The war in West Asia has driven international oil prices above USD 100 per barrel, but domestic consumers have been insulated by the oil companies and the government, which cut excise duty on petrol and diesel to obviate the need for raising prices to some extent. Nayara Energy, in which Russian oil giant Rosneft hold the largest shareholding, has increased petrol price by Rs 5 a litre and diesel by Rs 3. Nayara is the country's largest private fu
The company, a joint venture between Reliance Industries and BP, has adequate fuel supplies and has not imposed any limits on retails sale of gasoline or gasoil
The telecom regulator has asked the Reliance group firm to make all tariff plans uniformly available across platforms to ensure transparency and consumer choice
For fans using the Jio SIM network, the company has some good news, as it is offering recharge plans with a free JioHotstar subscription. Check how to watch IPL 2026 live streaming for free here
At $125 billion valuation, IPO size set to be over $3 billion
Ambani's Jio Platforms is set to file for approval of its IPO in Mumbai as early as this week
The IPO will be executed as a so-called "offer for sale" in India, three of the sources said, where only existing shareholders sell their shareholding to public