Singapore Telecommunications, Southeast Asia’s largest telecom firm, saw a 9% profit increase. This was driven by Optus and Airtel’s strong performance. A S$2 billion share buyback is planned over three years. Underlying net profit reached S$2.47 billion. The company surpassed half of its S$6 billion mid-term asset recycling target and raised the goal to S$9 billion.
Jio Financial shares surge nearly 5% after Sebi greenlights Jio BlackRock broking business
Jio Financial Services shares surged 4.36% to Rs 326.65, fueled by SEBI’s approval for Jio BlackRock Broking Private Limited to operate as a stockbroker and