Reliance Industries is preparing to file draft IPO paperwork for Jio Platforms in May, according to reports, pushing back an earlier March target as market conditions deteriorated. The revised schedule allows the filing to incorporate complete fiscal year earnings, giving prospective investors a fuller financial picture before the offering proceeds. Jio Platforms, the digital and telecom arm of Mukesh Ambani's conglomerate, would represent India's largest-ever IPO if the listing moves ahead at anticipated scale. The timing shift reflects a deliberate calculation: filing with full-year results strengthens the valuation narrative and reduces disclosure risk during a period when equity markets have been under pressure. Investors and analysts will be watching the draft red herring prospectus for revenue figures, subscriber metrics, and any disclosed valuation range, all of which will set benchmarks for comparable telecom and digital platform assets across the region. Regulatory review by SEBI following the filing typically runs several months before a listing window opens.
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.
