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Reliance Jio Platforms is reportedly considering an IPO this year, potentially raising over $4 billion by floating 2.5% of the company. This move could make it India's largest-ever IPO. The telecom giant, led by Mukesh Ambani, has diversified into AI and attracted significant investor interest.
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News and Media
European shares opened higher on Friday, lifted by an 8% jump in Glencore that put the STOXX 600 on track for its longest weekly winning streak since May.
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News and Media
Goldman Sachs has raised its 12-month target price for Reliance Industries ahead of its Q3 results, citing strong refining momentum and steady telecom growth offsetting near-term retail softness. The brokerage reiterated its Buy rating, expecting stable medium-term earnings supported by tight refining markets, rising Jio contribution, and improving cost dynamics.
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News and Media
Bitcoin hovered near the $90,000 level as investors awaited US jobs data and a Supreme Court ruling on global tariffs. The broader crypto market traded mixed, with analysts highlighting consolidation, ETF outflows and cautious sentiment amid geopolitical and trade-related uncertainty.
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News and Media
Auto stocks are outperforming the broader market in FY26, with the BSE Auto index up 32%. SML Mahindra and Force Motors have emerged as multibaggers, while strong demand and earnings visibility continue to support sector-wide momentum.
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News and Media
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