Reliance Industries has started work on an initial draft prospectus for a listing of Jio Platforms in what is expected to be India’s biggest-ever initial public offering https://t.co/Lrz7MrQhRh ...

Group 1 - Reliance Retail has completed an internal reorganization, transferring its FMCG brands business to a newly formed company, New Reliance Consumer Products (New RCPL) [1][2] - New RCPL is now a direct subsidiary of Reliance Industries (RIL), which holds an 83.56% stake in the new entity [2][4] - The previous entity, RCPL, has been dissolved effective from December 1, 2025, and the consumer business has been transferred on a going-concern basis [2][3] Group 2 - New RCPL will issue one fully paid-up equity share of ₹10 ($0.11) for every two shares held in Reliance Retail Ventures (RRVL), leading to a cancellation of the existing paid-up share capital [3] - Following the share allotment and cancellation, RIL's stake in New RCPL mirrors its holding in RRVL, with other investors retaining 16.44% in RRVL [4] - Reliance Retail has appointed former Carrefour executive Guillaume de Colonges to lead its grocery business in preparation for a potential IPO in 2027-28 [4] Group 3 - Reliance Retail has signed an exclusive distribution partnership with Germany-based cosnova Beauty to introduce the essence cosmetics brand in India, utilizing its omnichannel network [5]

Stock markets declined on Tuesday, with the benchmark Sensex tumbling nearly 504 points due to selling in blue-chip bank stocks and Reliance Industries, and persistent foreign fund outflows.Photograph: Shailesh Andrade/ReutersFalling for the third straight session, the 30-share BSE Sensex tumbled 503.63 points or 0.59 per cent to settle at 85,138.27.During the day, the benchmark tanked 588.9 points or 0.68 per cent to hit a low of 85,053. The index had scaled a record high level in intra-day trade in the pr ...

The finance ministry does not issue any advisory or direction to Life Insurance Corporation of India (LIC) on matters related to investments, finance minister Nirmala Sitharaman told Parliament on Monday, reiterating that the state-run insurer operates independently.“The investment decisions of LIC are taken by LIC alone following strict due diligence, risk assessment, and fiduciary compliance and are governed by the provisions of Insurance Act, 1938, as well as regulations issued by the Insurance Regulator ...

Market Performance - The BSE benchmark increased by 474.75 points or 0.55%, reaching a record high of 86,055.86 on Thursday [1][6] - The combined market valuation of seven of the top-10 most valued firms rose by Rs 96,200.95 crore last week [6] Top Gainers - Reliance Industries saw an increase of Rs 28,282.86 crore, bringing its market valuation to Rs 21,20,335.47 crore [1][6] - Bajaj Finance's valuation climbed by Rs 20,347.52 crore to Rs 6,45,676.11 crore [2][6] - HDFC Bank's valuation jumped by Rs 13,611.11 crore to Rs 15,48,743.67 crore [4][6] - ICICI Bank surged by Rs 13,599.62 crore to Rs 9,92,725.97 crore [4][6] - Hindustan Unilever's market capitalisation increased by Rs 7,671.41 crore to Rs 5,79,644.16 crore [5][6] - State Bank of India's valuation rose by Rs 6,415.28 crore to Rs 9,04,185.15 crore [5][6] - Infosys' valuation climbed by Rs 6,273.15 crore to Rs 6,47,961.98 crore [6] Top Losers - Bharti Airtel's market capitalisation dropped by Rs 35,239.01 crore to Rs 11,98,040.84 crore [6] - LIC's market capitalisation declined by Rs 4,996.75 crore to Rs 5,65,581.29 crore [6] - TCS's valuation dipped by Rs 3,762.81 crore to Rs 11,35,952.85 crore [6] Ranking of Top Firms - The ranking of the top-10 firms is led by Reliance Industries, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever, and LIC [6]

Market Valuation Overview - The combined market valuation of seven of the top-10 most valued firms increased by ₹96,200.95 crore last week, driven by Reliance Industries and Bajaj Finance amid a positive equity market trend [1] - The BSE benchmark rose by 474.75 points or 0.55%, with the Sensex reaching a record high of 86,055.86 [1] Gainers and Losers - Among the top-10 firms, Reliance Industries, HDFC Bank, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, and Hindustan Unilever saw increases in their valuations, while Bharti Airtel, Tata Consultancy Services (TCS), and Life Insurance Corporation of India (LIC) experienced declines [2] - Reliance Industries' market valuation increased by ₹28,282.86 crore, reaching ₹21,20,335.47 crore [2] Individual Firm Valuations - Bajaj Finance's valuation rose by ₹20,347.52 crore to ₹6,45,676.11 crore [4] - HDFC Bank's valuation increased by ₹13,611.11 crore to ₹15,48,743.67 crore [4] - ICICI Bank's valuation surged by ₹13,599.62 crore to ₹9,92,725.97 crore [4] - Hindustan Unilever's market capitalization edged up by ₹7,671.41 crore to ₹5,79,644.16 crore [4] - State Bank of India's valuation increased by ₹6,415.28 crore to ₹9,04,185.15 crore [4] - Infosys' valuation climbed by ₹6,273.15 crore to ₹6,47,961.98 crore [5] Declines in Valuation - Bharti Airtel's market capitalization fell by ₹35,239.01 crore to ₹11,98,040.84 crore [6] - LIC's market capitalization decreased by ₹4,996.75 crore to ₹5,65,581.29 crore [6] - TCS's valuation dipped by ₹3,762.81 crore to ₹11,35,952.85 crore [6] Ranking of Top-10 Firms - The ranking of the top-10 firms is led by Reliance Industries, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever, and LIC [6]

Core Insights - Goldman Sachs has updated its 10-year forecast for global equities, projecting the S&P 500 to return 6.5% annually, which is below the global average of 7.7% annually [1][2] - Asian and emerging-market stocks are expected to outperform, with projected annual returns of 10.3% and 10.9% respectively in local currency, and 12.6% and 12.8% when measured in U.S. dollars [2] Vanguard FTSE Pacific ETF - The Vanguard FTSE Pacific ETF tracks 2,300 companies in Asia, primarily in Japan, Australia, and Korea, with significant exposure to financial, industrial, and consumer discretionary sectors [4] - Over the past decade, the S&P 500 returned 288%, while the Vanguard FTSE Pacific ETF returned only 105% [4][5] - The ETF has a low expense ratio of 0.07%, making it a cost-effective option for gaining exposure to Asian equities [5] Vanguard FTSE Emerging Markets ETF - The Vanguard FTSE Emerging Markets ETF measures around 6,000 companies in emerging markets, focusing on China, Taiwan, and India, with heavy investments in technology, financial, and consumer discretionary sectors [8] - Similar to the Pacific ETF, the S&P 500 outperformed the Vanguard FTSE Emerging Markets ETF over the last decade, achieving a total return of 288% compared to the ETF's 106% [8][9] - This ETF also has a modest expense ratio of 0.07%, providing an affordable way to invest in emerging markets [9] Investment Strategy Considerations - Despite the potential for Asian and emerging-market stocks to outperform, there is a strong recommendation to maintain a larger portion of investment in U.S. stocks, particularly the S&P 500 index fund, due to its historical performance [10][12] - Past forecasts by Goldman Sachs have been overly conservative, as seen in their 2015 prediction for the S&P 500, which underestimated actual returns [11][12]

Core Insights - Reliance Industries, in collaboration with Brookfield Asset Management and Digital Realty Trust, plans to invest $11 billion by 2030 to develop an AI-focused data center campus in Visakhapatnam, India [1][2] - The campus will span 400 acres and is expected to have a capacity of one gigawatt (1GW) [2] - Other tech companies, including Google and Amazon, are also making significant investments in AI and cloud infrastructure in India [3][4] Investment Details - The joint venture, named Digital Connexion, has signed a memorandum of understanding with the Andhra Pradesh Economic Development Board for the project [1] - Google plans to invest approximately $15 billion over five years for an AI infrastructure hub in Visakhapatnam, while Amazon aims to invest $12.7 billion in cloud infrastructure by the end of the decade [2][3] - OpenAI is also exploring the development of a 1GW data center in India [3] Strategic Partnerships - Reliance Industries and Google have formed a strategic partnership to enhance AI adoption across India, leveraging Reliance's ecosystem and Google's AI technology [4] - The collaboration will provide broader access to Google's AI hardware accelerators, including Tensor Processing Units (TPUs) [4] - Tata Consultancy Services (TCS) is partnering with TPG to establish a joint venture named HyperVault AI Data Centre, with a combined equity investment of Rs180 billion ($2.03 billion) [5]

Core Insights - FinanceAsia's annual Achievement Awards recognize excellence in Asia's financial markets, focusing on Deal Awards and House Awards to highlight key players' accomplishments in the Asia Pacific and Middle East regions [1][2]. Deal Awards Summary Best Bond Deals - Hysan's subordinated perpetual securities and junior subordinated bond private placement recognized as a top deal in APAC [4][7]. - Scentre Group's A$650 million hybrid issue noted in Australia [4]. - China Modern Dairy Holding Ltd's $350 million senior unsecured sustainability bond issuance highlighted in China Offshore [5]. Best Digital Bond Deals - Zhuhai Huafa Group Co Ltd.'s guaranteed digitally native bonds due 2027 recognized in China Offshore [13]. - BoComm Digital's floating rate digitally native notes acknowledged in Hong Kong SAR [13]. Best Equity Deals - CATL's $5.3 billion IPO recognized as a leading deal in APAC [15][16]. - Hyundai Motor India's $3.3 billion IPO noted in India [16]. Best Infrastructure Deals - La Gan Offshore Wind Project's $10 billion renewable energy development recognized in APAC [20]. - Central West Orana Renewable Energy Zone noted in Australia [20]. Best IPOs - CBS' VND10.8 trillion IPO recognized in APAC [25]. - Virgin Australia's A$685 million IPO highlighted in Australia [25]. Best Islamic Finance Deals - Perbadanan Bekalan Air Pulau Pinang's MYR300 million sustainability sukuk wakalah recognized in APAC [30]. - Republic of Indonesia's $2.2 billion sukuk sustainability bond noted in Indonesia [30]. Best M&A Deals - Reliance Industries and Walt Disney's merger of Indian media assets recognized in APAC [31][34]. - Chemist Warehouse's merger with Sigma Healthcare noted in Australia [31]. Best Private Equity Deals - KKR's acquisition of FUJI SOFT recognized in APAC [38]. - Access Healthcare's sale to New Mountain Capital highlighted in the US [39]. Best Project Finance Deals - Financing solution for Ørsted's offshore wind projects in Taiwan recognized in APAC [40]. - PHP150 billion senior secured term loan facility for Terra Solar Philippines noted in the Philippines [43]. Best Sustainable Finance Deals - AirTrunk's S$2.25 billion green loan for new hyperscale data centre development recognized in APAC [54]. - Kingdom of Thailand's inaugural THB30 billion sustainability-linked bond noted in Thailand [59].

Market Performance - The benchmark Sensex rebounded by 1,022.50 points or 1.21% to settle at 85,609.51, while Nifty increased by 320.50 points or 1.24% to end at 26,205.30, just 10 points shy of its all-time high [3][4] - In intra-day trade, Nifty surged 330.35 points or 1.27% to reach 26,215.15 [4] Investor Sentiment - Growing expectations of a US Federal Reserve rate cut in December, supported by recent US economic data indicating softening demand and cooling inflation, bolstered investor sentiment [7][10] - Increasing optimism regarding a potential truce between Russia and Ukraine also enhanced risk appetite among investors [9][10] Sector Performance - Market participation was broad-based, with metals, energy, and IT sectors leading the gains, while mid-cap and small-cap indices advanced over 1% [5][6] - Major gainers among Sensex firms included Bajaj Finserv, Bajaj Finance, Tata Steel, Reliance Industries, Sun Pharma, Tata Motors Passenger Vehicles, Axis Bank, and Infosys, while Bharti Airtel and Asian Paints were laggards [4][6] Foreign and Domestic Investment - Foreign Institutional Investors purchased equities worth ₹785.32 crore, while Domestic Institutional Investors bought stocks worth ₹3,912.47 crore [8] - The overall market sentiment improved globally, driven by expectations of a US Federal Reserve rate cut and a weaker dollar [8]