India’s equity indices dropped almost 1% on Tuesday, continuing their downward trend for a second day. Traders remained cautious due to geopolitical concerns and the upcoming US CPI data release. Both NSE Nifty and BSE Sensex saw significant declines, with HDFC Bank shares impacted by MSCI’s phased weight increase decision.
Jio tells bankers it may file IPO prospectus as early as March
Reliance Industries is preparing for a massive IPO of its telecom arm, Jio Platforms. The company plans to file initial documents by the end of