Reliance Jio Eyes Record-Breaking IPO, While Reliance Retail Awaits Operational Overhaul

Approximately 250,000 customers have ported to BSNL using mobile number portability (MNP).

Investors are closely monitoring the forthcoming RIL AGM scheduled for August 28, hopeful for significant announcements that could benefit Jio Financial Services

Assessing the demerger of Jio Financials from Reliance, Chetan Shah notes its intricacy, with possible gains and risks in tow. As the value for shareholders remains uncertain, this strategic move is anticipated to exert a substantial influence on the Indian financial services landscape. 

At the time of Tuesday’s closing bell, the markets rallied heavily, reversing all the losses and gaining the highest on the last trading of the month. 

At 4 pm, Sensex settled at 59,537.07 level, gaining a whopping 1,564.45 points or 2.70 per cent while Nifty 50 closed at 17,759.30, up by 446.40 points or 2.58 per cent.  

The company has recently entered into a partnership with Jio platform. 

Indices closed flat amid volatility. Nifty hit a high of 17,390 but in the last half an hour, witnessed profit booking. The benchmark index closed higher by 5 points at 17,345 while Sensex gained 20 points.