Jio Platforms is preparing to file IPO paperwork next month, according to reports, in a move that could produce India's largest-ever public offering and mark the first listing by a major Reliance Industries unit in roughly two decades. The telecom and digital services arm of Mukesh Ambani's conglomerate would be entering public markets at a moment when Indian equity appetite remains robust and large-cap technology listings attract significant institutional interest. Jio Platforms houses the country's largest mobile subscriber base alongside a growing suite of digital services, making its valuation a direct read on India's consumer technology and connectivity premium. No size or price range has been disclosed in available reporting. Investors will watch the DRHP filing for revenue segmentation, debt allocation between Jio and the parent, and how Reliance structures the offering to manage dilution. The timeline and final scale will depend on regulatory review by SEBI, and any delay or revision to that schedule is the primary near-term variable to track.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
