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.
The Indian government has launched an OFS to sell up to 6.5% of its LIC stake, opening for non-retail investors on August 4, 2026, at a floor price of Rs 382 per share, about 11% below Monday's close. The discounted offering is likely to pressure LIC shares in the near term as supply increases sharply.
More than a dozen major Indian companies including Bharti Airtel, ONGC, Pidilite, Nykaa, DLF, and Ather Energy report April-June 2026 earnings on August 4. Results span telecom, energy, consumer goods, real estate, and EV sectors, giving markets a broad read on corporate health mid-earnings season.
Amazon shares hit a new all-time high Monday, pushing its market cap above $3 trillion following a sustained post-earnings rally. The milestone places Amazon among the very few companies globally to reach this valuation, with investor focus on AWS and advertising growth driving the move.
Sensex Gains 500 Points as Oil Falls on Iran Talks
The Sensex rose around 500 points and the Nifty crossed 24,500 on Monday after Donald Trump announced talks with Iran, pushing oil prices lower. IndiGo, ITC, FMCG, and metals led the gains as cheaper crude eased cost and inflation concerns.
