Episode Details

Jio Platforms becomes 2nd most valuable Indian firm by market cap after terrific debut

Jio Platforms became India’s second most valuable listed company after a strong stock market debut on Wednesday. The Reliance Industries-backed digital services company closed nearly 27 per cent above its IPO price of ₹1,119, giving it a market capitalisation of more than ₹13 lakh crore. Jio Platforms now ranks behind only Reliance Industries in terms of market value among Indian companies.

Air India Group’s Q1 FY27 loss doubles to over ₹6,000 crore

Air India Group’s net loss widened to more than ₹6,000 crore in the first quarter of FY27, more than double the loss recorded during the same period a year ago. According to industry sources, foreign exchange fluctuations, elevated fuel prices and airspace restrictions weighed heavily on the airline’s financial performance. Fuel now accounts for more than half of the group’s operating expenditure, with higher jet fuel costs continuing to pressure profitability.

TVS Motor Company to demerge consumer finance and related businesses into a separate entity

TVS Motor Company has approved the demerger of its consumer finance and related businesses into a separate holding company. The move is aimed at creating greater strategic focus and unlocking value for shareholders. Under the proposed scheme, existing shareholders will receive an equal number of shares in the new entity, allowing them to participate in the growth of both the mobility and finance businesses.

DPDP Act does not infringe press freedom, says Vaishnaw; Centre open to changes

Information Technology Minister Ashwini Vaishnaw has said the Digital Personal Data Protection Act does not affect freedom of the press, responding to concerns from news publishers over its potential impact on investigative reporting. He reiterated that journalistic freedom is guaranteed under the Constitution and said there is no intention to restrict media independence, while also indicating that the government remains open to addressing stakeholder concerns.

(Research and VO: Siddharth Mathew Cherian)