Reliance Jio Platforms is reportedly considering an IPO this year, potentially raising over $4 billion by floating 2.5% of the company. This move could make it India’s largest-ever IPO. The telecom giant, led by Mukesh Ambani, has diversified into AI and attracted significant investor interest.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.