Business

20

Oct

By The Press Editor

Business

Rs 1 crore in mutual funds? Here’s how much can you withdraw every month without running out of money

A crore of rupees sounds like a comfortable retirement fund. And it certainly is a good amount to have. But experts are of the view that if someone is retiring at 60 and this money has to take care of your expenses until you're 85 or 90, the calculation becomes a little more complicated. “The first thing I would tell someone with a Rs 1 crore mutual fund portfolio is not to look at monthly withdrawals in isolation. Rs 40,000 or Rs 50,000 a month may look manageable today, but what happens 15 or 20 years later?” said Charu Pahuja…

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20

Oct

By The Press Editor

Business

Housing and retail show sharper focus on location and experience; report highlights key shifts in NCR real estate

Housing and retail show two sides of change in NCR. Homebuyers are looking more closely at a project's location, while malls must give consumers reasons to spend time there. CREDAI's ANAROCK Research & Advisory report brings these findings together. Indian real estate was estimated at USD 600 billion in 2025, up from USD 120 billion in 2017. The value of real estate under construction has risen from USD 94 billion in 2009 to USD 503 billion in 2025. Sales value across the top seven cities increased from Rs 2.35 lakh crore in FY22 to Rs 6.10 lakh crore in FY26.…

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20

Oct

By The Press Editor

Business

Jio Platforms IPO: Public issue to open on October 21, grey market premium signals strong listing gains

Ahead of its opening, Jio Platforms' initial public offering (IPO) is commanding a strong grey market premium (GMP). The Rs 30,213-crore IPO comprises 27 crore fresh shares within a price band of Rs 1,065 to Rs 1,119 per share. The issue opens from October 21 to October 23, with listing scheduled for October 28. The company plans to utilise Rs 27,500 crore of the proceeds to prepay borrowings of its material subsidiary, Reliance Jio Infocomm Ltd (RJIL). Jio Platforms IPO GMP Ahead of its opening, the IPO is commanding a strong grey market premium (GMP). According to India Infoline, it…

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20

Oct

By The Press Editor

Business

Jio Platforms IPO sets new benchmark for Indian markets, draws record institutional demand

Jio Platforms has officially set a historic new benchmark for India's capital markets with its initial public offering (IPO), drawing unprecedented institutional interest and backing from the world’s most prominent investors. Jio Platforms has attracted aggregate institutional demand of approximately Rs 2,50,000 crore, marking the first time an Indian IPO has crossed this landmark threshold. This unprecedented response establishes a new benchmark for India’s primary capital markets and reflects the extraordinary scale of investor interest in Jio Platforms.   The Rs 8,110 crore anchor book attracted demand exceeding 30 times its size. This exceptional response represents a powerful endorsement of the…

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20

Oct

By The Press Editor

Business

Ahead of Jio Platforms IPO, a look at how a decade-old challenger outpaces telecom veterans

Reliance Jio Platforms’ upcoming initial public offering (IPO) has brought attention to how technology-led innovation can reshape an established industry. Launched in 2016, Jio has emerged as a major force in India’s telecommunications market, challenging established players through disruptive pricing, rapid 5G expansion and an integrated digital-services ecosystem. stark contrast, its older incumbent rival, Bharti Airtel, listed since February 2002, faces growing strategic challenges, highlighting how a younger market challenger has successfully reshaped India's digital ecosystem. Home broadband dominance Home broadband is a clear testament to Jio’s innovation and execution. With over 300 million homes, India is a huge market…

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20

Oct

By The Press Editor

Business

Jio targets developed and developing markets with home-grown telecom technology

Jio Platforms is expanding its footprint beyond India by bringing its indigenous, end-to-end telecom technology stack to international operators in both developing and developed markets. Rather than utilising conventional models of building capital-intensive independent networks or supplying standalone software licenses, Jio intends to partner with established local operators through an asset-light, managed-services model.    Jio plans to become India’s first global telecom tech exporter Jio aims to become the first Indian company to take a home-grown, end-to-end telecom technology stack to operators across developed and developing markets through a managed-services model. This ambition signals a potential shift in India’s role…

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20

Oct

By The Press Editor

Business

From 14th entrant to market leader: Jio’s journey from telecom disruptor to India’s technology powerhouse

Jio entered the Indian telecom market as the 14th operator in 2016 and faced an intensely established industry where mobile data was expensive and limited. Rather than follow the industry’s existing business model, Jio challenged it with a technology-led strategy built around affordable connectivity. Driven by a vision to make digital connectivity affordable and accessible, it overhauled industry economics through free voice calls and dramatic price reductions. According to Akash Ambani, data costs have plummeted from roughly Rs 228 per GB at launch to about Rs 4.90 per GB today, with average monthly customer consumption reaching 43.7 GB.    Origin…

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19

Oct

By The Press Editor

Business

Muhurat Trading 2026 date and time announced by BSE and NSE, check Diwali market holiday

Mumbai: The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will hold their special Muhurat Trading session on Sunday (November 8) on the occasion of Diwali. Both exchanges announced the schedule on Monday, with the special trading window set to run from 2:20 pm to 3:30 pm. According to separate circulars issued by the exchanges, a 15-minute pre-opening session will take place from 2:05 pm to 2:20 pm. The stock market will remain closed on Tuesday (November 10) on account of the Diwali Balipratipada holiday. Muhurat Trading holds special significance for investors Muhurat Trading is a symbolic stock…

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19

Oct

By The Press Editor

Business

Jio Platforms IPO gains momentum as anchor book sees oversubscription, institutional bids hit Rs 2.5 lakh crore

The market is witnessing tremendous excitement regarding the initial public offering (IPO) of Reliance Industries Chairman Mukesh Ambani's company Jio Platforms. Even before its listing on the stock exchanges, major institutional investors from India and abroad have shown strong interest in the public issue. The company's anchor book of Rs 8,110 crore has received bids worth approximately Rs 2.5 lakh crore. This represents more than 30 times the available amount. This reflects strong investor interest in Jio's business and its proposed IPO. International investors bid for Jio Platforms' anchor book Several major international investors have bid for Jio Platforms' anchor…

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19

Oct

By The Press Editor

Business

Jio Platforms IPO anchor book: From Wall Street giants to domestic titans, heavyweights lead the charge

Jio Platforms Limited's Rs 8,110-crore anchor book has drawn unprecedented aggregate institutional demand of about Rs 2,00,000 crore, with reports noting bids touching Rs 2.5 lakh crore. This marks the first time any Indian initial public offering (IPO) has crossed this milestone, translating to an overwhelming over 20x subscription for the anchor segment. The strong response reflects a clear vote of confidence from long-term institutional investors ahead of the company's much-awaited public issue. Heavyweights lead the charge  The who’s who of sovereign wealth funds, domestic mutual funds, foreign institutional investors, and insurance companies have endorsed the Jio story by participating as…

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