Reliance Jio Infocomm could file draft papers for its expected $4 billion initial public offering (IPO) within days and just before Reliance Industries Ltd (RIL) chairman Mukesh Ambani’s annual speech to shareholders on Friday, the Financial Times (FT) reported on Wednesday, citing sources. The FT said Ambani had told shareholders last year that the telecom...
The Indian rupee rose against the U.S. dollar for a second straight session on Monday, as oil prices plunged following the U.S.-Iran preliminary agreement to end their conflict and reopen the crucial Strait of Hormuz. The announcement added to the strength that the currency built after the Reserve Bank of India’s measures to attract dollars into the...
The long-awaited listing of the Vedanta Group’s four demerged companies will finally take place on Monday, marking the completion of billionaire Anil Agarwal-led Vedanta’s ambitious restructuring exercise. The demerger, which became effective on May 1 after receiving approval from the National Company Law Tribunal (NCLT), will see shareholders of Vedanta receive shares in four newly...
Benchmark indices ended sharply higher on Friday (June 12, 2026), with the Sensex climbing 1,695.40 points and the Nifty surging nearly 2 per cent, in tandem with a rally in global markets and a decline in crude oil prices after U.S. President Donald Trump declared that his country has ended the war with Iran. The...
Few business leaders have been as deeply embedded in popular culture as Elon Musk, the ambitious entrepreneur who has become a central figure in internet culture and amassed a fortune that has made him the world’s first trillionaire. At a time when concerns about inequality are high and public attitudes toward the ultra-wealthy have soured, opens new tab,...
India, the world’s third-largest oil importer and consumer, has abolished excise duty on petrol blended with higher levels of ethanol, according to a government notification issued on Thursday. Petrol containing 22 to 30 per cent ethanol will now be exempt from excise duty. This means the exemption will be applied on blends known as E22,...
Apple kicked off its Worldwide Developers Conference (WWDC) 2026 on June 8 with a broad set of announcements spanning artificial intelligence, platform updates, and system-level improvements. At the centre of the keynote was a complete overhaul of its AI strategy, with Apple introducing a new version of Siri powered by an updated Apple Intelligence architecture...
Gautam Adani’s net worth reached $89.2 billion. Adani overtook Mukesh Ambani and Masayoshi Son to become Asia’s richest person. Strong gains in Adani Group stocks boosted his wealth. Combined valuation of six major Adani firms stands at about $191 billion. Adani’s fortune increased by nearly $10 billion recently. Adani Group is expanding investments in energy,...
India’s economy grew 7.7 per cent in the financial year 2025-26, accelerating from 7.1 per cent in the previous year, beating estimates despite global uncertainties, according to the latest official data released on Friday, June 6, 2026. In the January-March quarter (Q4FY26), the Indian economy expanded 7.8 per cent year-on-year, higher than the 7.0 per...
Gold and silver prices in India on June 5, 2026, fell slightly across major cities, as global markets reacted to geopolitical tensions in West Asia and mixed signals from the US dollar. Precious metals, which are traditionally considered safe-haven assets, have not shown sharp upside, indicating cautious investor sentiment and stable domestic demand. As per the...