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Jio Platforms files DRHP for IPO; Street expects India's biggest listing

New Delhi, June 19 -- Jio Platforms, the digital and telecom arm of Reliance Industries, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an... Read More


Vikram Solar to move NCLAT against NCLT order admitting an insolvency petition by Isitva Steels

New Delhi, June 19 -- Vikram Solar will appeal against the NCLT order admitting an insolvency petition by Isitva Steels making a claim of Rs.9.44 crore. The company disputed the debt, citing a 2019 se... Read More


RBI's seeks daily data from banks under its limited period measures to attract foreign capital

New Delhi, June 19 -- The Reserve Bank of India has asked banks to submit daily data on foreign currency non-resident (bank)/ FCNR (B) deposits, external commercial borrowings (ECBs) and overseas fore... Read More


RBI exempts banks from maintaining statutory reserve ratios on fresh NRE term deposits

New Delhi, June 19 -- The Reserve Bank of India has now exempted banks from maintaining statutory reserve ratios on fresh Non-Resident (External) Rupee (NRE) term deposits of three years or more tenor... Read More


PM Modi announces 70 lakh jobs created under PM-VBRY; transfers Rs.2,400 cr DBT

New Delhi, June 19 -- Prime Minister Narendra Modi on Friday announced that 70 lakh jobs and social security benefits have been created for first-time employees under the Pradhan Mantri Viksit Bharat ... Read More


India-UK CETA to provide marginal relief for steel exporters

New Delhi, June 19 -- The higher quota for India through the free trade agreement provides marginal relief and help steel companies to widen their market presence as they will become more competitive ... Read More


Zerodha Capital loan book jumps past Rs.580 crore as profit rises

New Delhi, June 19 -- Zerodha Capital, the lending arm of stockbroking giant Zerodha, expanded its loan book sharply in FY26 while posting higher profits, reflecting the group's growing push into fina... Read More


PhonePe to charge Rs.100 quarterly fee on inactive wallet balances

New Delhi, June 19 -- Digital payments major PhonePe has begun notifying users that it will levy a quarterly "Wallet Inactivity Maintenance Fee" of Rs.100, including GST, on dormant wallet accounts th... Read More


Lack of industry-scale knowledge of extracting, processing critical minerals is biggest stumbling block, says Geological Survey of India

New Delhi, June 19 -- India's lack of industry-scale knowledge of extracting and processing critical minerals is the "biggest stumbling block" preventing the country from taking the lead in this space... Read More


AP banks pegs FY27 annual credit plan at Rs.8.10 lakh crore

New Delhi, June 19 -- The State Level Bankers Committee (SLBC) of Andhra Pradesh has pegged the annual credit plan for the year 2026-27 at Rs.8.10 lakh crore. Under the Annual Credit Plan, banks prop... Read More