Jio Platforms ranks second by value among Indian listed firms after debut
According to Moody's, Jio Platforms rose to second place by market value in India after a strong debut, while Air India's loss more than doubled.
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what happened
Jio Platforms, the digital arm backed by Reliance Industries, became India's second most valuable listed company after a strong market debut. The shares closed nearly 27% above the IPO price of ₹1,119, lifting market capitalisation above ₹13 lakh crore. Reliance Industries still holds the top spot.
Air India Group's net loss for the first quarter of FY27 widened to more than ₹6,000 crore, over double the figure a year earlier. Industry sources cited currency swings, elevated fuel prices and airspace restrictions as the main drags. Fuel now makes up more than half of the group's operating costs.
TVS Motor approved moving its consumer finance and related businesses into a separate holding company, with existing shareholders receiving an equal number of shares in the new entity. Separately, IT Minister Ashwini Vaishnaw said the Digital Personal Data Protection Act does not curb press freedom, adding that the government is open to addressing stakeholder concerns.
why it matters
For investors, the Jio Platforms debut is a gauge of appetite for large listings in India, while rising fuel costs remain a pressure point for airlines. The TVS Motor demerger changes the group structure and does not directly alter its core operations.
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- Top Business & Market Headlines Today — BL Morning Report, October 29, 2026 — Moody's, 29 October 2026 at 04:51 UTC
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