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Jio Platforms has received SEBI approval for its upcoming initial public offering. Reliance Industries shareholders may still qualify for a reserved portion of the offering. The final details regarding share reservation and the record date are pending. This IPO marks a major value creation milestone for Reliance shareholders.

Iran urged other countries not to give in to US threats as Washington intensified economic pressure on Tehran. The Iranian foreign minister also said resuming diplomacy remained possible if the US abandoned its reliance on coercion.
Wall Street opened mostly flat on Friday as the AI-driven rally lost momentum ahead of Federal Reserve Chair Kevin Warsh’s Jackson Hole speech. The Dow and S&P 500 edged higher, while the Nasdaq slipped. Investors are watching Warsh’s comments for clues on US interest rates and the Fed’s policy outlook.



Arnold Van Den Berg’s investing wisdom stresses that yield alone does not make an investment attractive. When value is absent and permanent capital loss risk is high, holding cash may be wiser, allowing investors to protect capital and wait for better opportunities.
Sensex stayed relatively calm during Friday’s closing auction, a day after a 2,000-point plunge during the monthly expiry raised fresh concerns over CAS. The subdued move suggests Thursday’s sharp swings may have been an expiry-driven anomaly rather than a persistent issue with the new closing-price mechanism, experts said.
Sebi has approved seven IPOs, led by Reliance-backed Jio Platforms’ proposed Rs 37,700 crore offering. Paras Healthcare, Bharat PET, Paramotor Digital Technology, Pushp Brand, MK Sons Fine Jewels and Sadbhav Futuretech also received approvals, expanding India’s primary-market pipeline.
The Indian bond market experienced notable losses on Friday, with government bond yields climbing to a two-month peak. As investors anticipate key policy hints from Federal Reserve Chair Kevin Warsh during his Jackson Hole address, the hawkish tone in the latest RBI minutes has intensified expectations for future monetary policy adjustments. This escalation in yields has enhanced the attractiveness of Indian bonds compared to U.S.

India plans to acquire the US-made Javelin anti-tank missile system for $45.7 million, enhancing defense ties with the US. The deal may lead to joint manufacturing, reflecting ‘record-level’ engagement between the two nations, according to US Ambassador Sergio Gor.

Six BSE 200 stocks hit fresh 52-week highs on Friday as the Sensex gained 331 points. Coforge, GSK Pharma, Glenmark Pharma, Laurus Labs, Oracle Financial Services Software and Piramal Finance showed strong momentum, with several posting double-digit monthly gains.

Nepal flash floods: The death toll from Nepal's devastating flash flood in the Bhotekoshi River area has risen to 538, out of which the largest number has been recorded in the Chitwan. At least 400 Indian nationals were stranded in Nepal.

Jio Platforms has received Sebi approval for its proposed Rs 37,700 crore IPO, bringing Reliance Industries’ much-awaited listing closer. The issue could value Jio at nearly Rs 9.5 trillion and become India’s largest IPO. The company plans to use Rs 27,500 crore of proceeds to repay borrowings of Reliance Jio Infocomm.
Chinese automaker BYD has experienced its first profit growth in over a year, primarily fueled by a sharp increase in export sales. This international expansion effectively balanced out the lackluster results seen domestically. In the second quarter, BYD reported a remarkable year-on-year net profit increase of 29.8 percent, although revenue faced a slight decline of 3.2 percent during the same timeframe.
Indian equities rebounded on Friday, ending a two-session losing streak as heavyweight IT stocks led gains. Nifty rose 0.35% to 24,175.65, while Sensex gained 0.43% to 77,264.51. Analysts expect consolidation amid mixed global cues and geopolitical uncertainty.
The Indian rupee managed to finish higher on Friday, achieving a weekly upswing bolstered by a jump in dollar liquidity as a special deposit facility approaches its end. Early drops were countered by inflows that led to position unwind. Although month-end importer needs put pressure on the rupee, advantageous flows due to MSCI rebalancing offered relief.
Motilal Oswal says several headwinds facing Indian equities are easing, supported by stronger earnings, positive FII flows and domestic demand. It remains Neutral on equities but Overweight on mid- and small-caps, while preferring gold over silver and accrual-focused fixed-income strategies.
SBI General Insurance reported 10.9% year-on-year GDPI growth to Rs 3,506 crore in Q1 FY27. Comprehensive income rose 17.4% to Rs 573 crore, while health, engineering and personal accident segments delivered strong growth, alongside a 2.0-times solvency ratio.