China’s search for safer gas supplies has pushed energy to the centre of Xi Jinping’s talks with Donald Trump in Beijing, where the war involving Iran has sharpened pressure on both sides to repair a trade channel that collapsed under tariffs. The discussions come as disruption around the Gulf has unsettled fuel markets, tightened liquefied natural gas flows into Asia and revived the commercial logic of United […]
Iran-linked cyber-espionage operators have used trusted, digitally signed software components to breach organisations across four continents, widening concerns over state-backed campaigns that hide inside legitimate enterprise tools. Seedworm, also tracked as MuddyWater, Temp Zagros, Static Kitten and Mango Sandstorm, has been linked to intrusions affecting at least nine organisations in early 2026. The victims included a major South Korean electronics manufacturer, public-sector bodies, an international airport in […]
South Africa’s rand firmed in early Wednesday trade as investors turned their attention to Beijing, where talks between U. S. President Donald Trump and China’s President Xi Jinping were expected to influence appetite for emerging-market assets, commodities and risk-sensitive currencies. By 0749 GMT, the rand was trading at 16.4517 against the dollar, about 0.4% stronger than its previous close. The move followed a weaker session on Tuesday, […]
Dubai Basketball will face Buducnost VOLI in the ABA League semi-finals after the Podgorica club beat U-BT Cluj-Napoca 112-81 in the decisive third game of their quarter-final series, setting up a high-stakes meeting between the regular-season leaders and one of the competition’s most established sides. Buducnost secured the tie at Morača Sports Hall in Podgorica, turning a finely balanced series into a one-sided finish with a dominant […]
BYD is exploring talks with Stellantis and other European carmakers over underused plants, marking a potentially significant step in the Chinese group’s push to localise electric vehicle production in one of the world’s most contested auto markets. The discussions, disclosed by BYD executive vice-president Stella Li, include possible deals for factories in countries such as Italy, where established manufacturers are grappling with weak demand, high production costs […]
Dogecoin held near the 11-cent level after a volatile trading stretch, with large holders increasing their exposure even as the wider digital asset market continued to absorb selling pressure and cautious positioning across major tokens. The world’s largest memecoin by market value traded in a tight band after retreating earlier in the week, reflecting a market caught between renewed speculative appetite and resistance from profit-taking. Its latest […]
Nvidia CEO Jensen Huang has joined US President Donald Trump on Air Force One on his trip to China, after initial indications the executive had not been invited. Read that line again, because it tells you almost everything you need to know about modern markets. A generation ago, the most important seat on a presidential trip to Beijing might have gone to an oil chief, a banker, […]
UAE property developers are expected to keep construction programmes moving and meet debt obligations over the next 12 months, as strong cash reserves and positive operating cash flow provide a buffer against softer sales, wider payment plans and geopolitical uncertainty. Moody’s assessment points to a market under pressure but not in distress. Sales momentum has cooled as conflict across the Middle East unsettles investor sentiment, yet there […]
Oil loadings at Iran’s main crude export terminal appear to have stopped for several days, raising fresh concerns over Gulf supply as war pressure, shipping restrictions and environmental fears converge around Kharg Island. Commercial satellite imagery showed no ocean-going oil tankers at the island’s loading jetties on May 8, 9 or 11, marking the clearest sign so far of an extended interruption at the facility that handles […]
Nigeria’s equities market has moved into a stronger expansion cycle as abundant domestic liquidity, expectations of looser monetary conditions and a widening valuation rerating continue to draw investors into listed banks, industrial counters, consumer goods companies and exchange-traded funds. Analysts at PAC Research have linked the rally on the Nigerian Exchange to four main forces: expanding local liquidity, expectations that monetary policy will normalise further, renewed […]
Etihad Rail has moved into the final stage of preparations for the launch of passenger services later this year, marking a decisive shift in the UAE’s long-running plan to build a national rail system linking major cities, ports, industrial centres and residential hubs. Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of Etihad Rail, reviewed progress on the company’s freight and passenger operations during a meeting […]
Arabian Post Staff -Dubai Dubai Holding has become the largest shareholder in Emaar Properties after Investment Corporation of Dubai transferred its entire 22.2723 per cent stake in the Burj Khalifa developer to Emirates Power Investment, a wholly owned Dubai Holding subsidiary. The transaction lifts Dubai Holding’s total ownership in Emaar to 29.73 per cent, giving the group a commanding position in one of the emirate’s most […]
Cole Tomas Allen, a 31-year-old man from Torrance, California, has pleaded not guilty in a Washington federal court to charges arising from what prosecutors describe as an armed attempt to kill President Donald Trump and senior administration figures at the White House Correspondents’ Association dinner. Allen appeared on Monday before U. S. District Judge Trevor McFadden, wearing an orange jail uniform and restrained at the waist. He […]
Washington’s push to regulate digital assets has entered a sharper phase after Senator Bernie Moreno accused major banks of trying to block stablecoin competition as Congress prepares for a decisive test of the CLARITY Act this week. Moreno, a Republican from Ohio and one of the Senate’s most vocal crypto advocates, said the “banking cartel” was “in full panic mode” over legislation that could reshape the relationship […]
By Nitya Chakraborty The U.S. President Donald Trump begins his three-day visit to China on May 13 for his summit with the Chinese President Xi Jinping, the outcome of which has special significance for Trump in shaping his political future in the context of the midterm elections in November this year. Among both leaders, the […]
The article Donald Trump-Xi Jinping Are Both Aiming For Win-Win Outcome At Beijing Summit appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
The revised plan would involve the sale of a 2.5 per cent stake through new shares, with the proceeds flowing to Jio Platforms rather than to shareholders seeking exits. The change marks a significant adjustment in what is expected to be one of the largest public offerings in the country’s capital markets, and places long-term growth funding ahead of partial monetisation by early backers.
Jio Platforms, controlled by Mukesh Ambani’s Reliance Industries, owns Reliance Jio Infocomm and houses a broad portfolio of digital services spanning telecom, broadband, cloud, media, payments and consumer technology platforms. Its shareholder base includes Meta, Google, Vista Equity Partners, KKR, Mubadala, Abu Dhabi Investment Authority and Saudi Arabia’s Public Investment Fund, many of which entered the company during the 2020 fundraising cycle.
Earlier discussions had explored an offer-for-sale structure under which foreign investors could have sold about 8 per cent of their individual holdings, amounting to roughly 2.5 per cent of Jio Platforms. That approach has now been set aside, with investors opting to remain exposed to the business rather than reduce stakes at the listing stage.
The decision strengthens Reliance’s control over the IPO narrative. A fresh issue allows the company to present the listing as a growth-financing event instead of an exit window for private investors. It also limits the risk that the market interprets selling by marquee shareholders as a signal of valuation caution, particularly at a time when global technology listings are being judged closely on profitability, cash generation and regulatory exposure.
Jio Platforms is widely seen as the centrepiece of Reliance Industries’ transition from an energy-heavy conglomerate to a broader consumer, digital and technology group. The telecom arm has become one of the world’s largest mobile operators by users, while its digital ecosystem has helped Reliance build links across retail, entertainment, finance and enterprise services.
The company’s operating performance has supported expectations of a high-profile listing. Jio Platforms reported strong profit growth for the quarter ended March 2026, helped by tariff-led gains, subscriber additions, higher data consumption and expansion in home broadband. Average revenue per user rose to ₹214, reflecting improved monetisation after tariff increases and a better customer mix.
The proposed IPO has been closely watched since Ambani told shareholders that Jio Platforms was being readied for a market debut in the first half of 2026. Preparations gathered pace after listing rules were adjusted to make it easier for very large companies to float a smaller portion of equity while still meeting public-shareholding requirements over time.
A 2.5 per cent offering would keep public float modest at the start, but even that limited stake could translate into a multibillion-dollar transaction if the company commands a valuation close to estimates that have placed Jio Platforms around $180 billion. At that level, the IPO could rank among the largest listings ever seen on domestic exchanges.
The timing remains sensitive. Equity markets have been volatile as investors weigh interest-rate expectations, geopolitical risks, technology valuations and capital flows into emerging markets. Several large companies have adjusted listing timetables as issuers and bankers test demand from institutional and retail investors.
Reliance has assembled a large banking syndicate for the transaction, underlining the scale and complexity of the planned sale. The deal will require careful pricing to balance investor appetite, Reliance’s valuation expectations and the interests of existing shareholders who invested at a premium during the digital fundraising boom.
For Meta and Google, continued ownership preserves access to one of the world’s largest digital consumer markets through partnerships linked to messaging, cloud services, devices and online commerce. For sovereign wealth funds and private equity investors, remaining invested offers exposure to a mature telecom platform with rising cash flows and expanding digital adjacencies.
The IPO will also have implications for Reliance Industries’ own market valuation. Investors have long debated whether separate listings of Jio Platforms and Reliance Retail could unlock value trapped inside the conglomerate structure. A successful Jio debut may narrow the holding-company discount, while a weak listing would raise questions over the pace and pricing of Reliance’s broader demerger and monetisation strategy.
Alphabet has moved within striking distance of becoming the world’s most valuable company, as investor confidence in its artificial intelligence strategy reshapes Wall Street’s view of Google’s parent after years of concern that it had fallen behind rivals in the AI race. Shares of the company have surged this year, lifting its market value to about $4.86 trillion by the close of trading on May 8, 2026. […]
Saudi Aramco delivered a sharp first-quarter profit rebound, beating market expectations as higher crude prices, stronger sales volumes and improved downstream margins lifted the world’s largest oil company. Net income attributable to shareholders rose to SAR 120.13 billion, or $32.04 billion, for the three months ended March 31, 2026, up 25.6 per cent from a year earlier. Adjusted net income increased to SAR 125.97 billion, or […]
Arabian Post Staff -Dubai Wynn Resorts has signalled a limited delay to its $5.1 billion Wynn Al Marjan Island development in Ras Al Khaimah, adding geopolitical risk to one of the Gulf’s most closely watched tourism and gaming projects. Chief Executive Craig Billings told investors during the company’s first-quarter earnings call on May 7 that the opening timetable for the resort, earlier guided for early 2027, would […]
Cinema star C. Joseph Vijay took office as Tamil Nadu Chief Minister on Sunday after his Tamilaga Vettri Kazhagam secured outside support from smaller parties, ending decades of dominance by the DMK and AIADMK in one of the country’s most industrialised states.
Vijay was sworn in by Governor Rajendra Vishwanath Arlekar in Chennai after TVK, which emerged as the single largest party in the 234-member assembly, crossed the majority threshold with backing from allies and smaller groups. The result marks a dramatic transition for a politician who launched his party only two years ago and built his campaign around welfare promises, anti-corruption messaging, youth mobilisation and a direct appeal to voters frustrated with entrenched Dravidian party structures.
TVK won 108 seats, short of the 118 needed for a simple majority, but support from Congress, Left parties, Viduthalai Chiruthaigal Katchi and the Indian Union Muslim League gave Vijay the numbers to stake claim to power. The Bharatiya Janata Party said it would neither support nor participate in government formation, leaving the new administration dependent on a coalition arrangement that will test Vijay’s ability to move from mass politics to legislative management.
The swearing-in has wider economic significance because Tamil Nadu is a key manufacturing base for automobiles, electronics, textiles, renewable energy components and iPhone assembly. The state hosts major production networks linked to Apple suppliers, including Foxconn near Chennai, Tata Electronics in Hosur and facilities connected with Pegatron’s operations. Its industrial corridors around Chennai, Sriperumbudur, Hosur, Coimbatore and Tiruchirappalli have made it central to efforts to expand high-value manufacturing supply chains outside China.
Vijay’s first orders signalled an effort to combine welfare politics with a law-and-order pitch. His early decisions included 200 units of free electricity for households, a dedicated anti-drug task force and a separate mechanism for women’s safety. He also moved to seek a white paper on the outgoing government’s finances, a step likely to shape the first phase of political confrontation with the DMK.
The new Chief Minister used his first speech to frame the victory as a social justice mandate, telling supporters that his government would represent ordinary people rather than political dynasties. His language echoed themes that powered TVK’s campaign: dignity for poorer households, jobs for young voters, clean administration and a break from the established rivalry between the DMK and AIADMK.
Tamil Nadu’s business community will be watching how the new government handles investment approvals, land acquisition, labour relations, power subsidies and infrastructure spending. The state has attracted large investments in electronics and electric vehicles while retaining a strong automobile base built over several decades. Any uncertainty in policy execution could affect expansion plans, but a stable administration could strengthen Tamil Nadu’s position as a production hub at a time when global manufacturers are diversifying supply chains.
Vijay’s cabinet includes a mix of TVK loyalists and figures brought in to manage administration, political outreach and coalition discipline. N. Anand, Aadhav Arjuna and other senior party functionaries are expected to play central roles in converting a campaign-driven organisation into a governing machine. The inclusion of experienced political hands will be closely scrutinised because TVK lacks the administrative depth of the DMK and AIADMK.
The DMK, led by M. K. Stalin, now faces a sharp reversal after years in office, while the AIADMK’s weakened position raises questions about the future of the opposition space. Vijay’s rise has disrupted the familiar structure of Tamil Nadu politics, where cinema and politics have long intersected but power has remained largely within parties rooted in the Dravidian movement. His victory shows that celebrity appeal, when tied to welfare messaging and anti-incumbency sentiment, can still reshape electoral arithmetic.
Coalition pressures may emerge quickly. Parties extending support to TVK will expect policy consultation, constituency-level influence and space in governance decisions. Welfare commitments, including subsidised power, will also place pressure on state finances unless matched by revenue growth and investment-led job creation.
UAE education authorities will announce on Sunday evening whether schools and higher education institutions will continue with remote learning or return to in-person classes, following a safety review coordinated with relevant government bodies. The Ministry of Education and the Ministry of Higher Education and Scientific Research said the approved learning model for the coming period would be disclosed on May 10, 2026, after a full assessment of […]
Nintendo plans to lift Switch 2 prices in Japan, the United States, Canada and Europe this year as rising component costs and softer profit guidance cloud the outlook for its flagship console cycle. Kyoto-based Nintendo said the Japanese-language Switch 2 would rise to ¥59,980 from ¥49,980, a 20 per cent increase, while price increases in North America and Europe are scheduled to take effect from September 1. […]
Arabian Post Staff -Dubai Google has launched Fitbit Air, a screen-less fitness tracker designed to make health monitoring less intrusive while keeping the core tools that made Fitbit one of the best-known names in wearables. The new device, unveiled on 7 May 2026, marks Google’s clearest attempt yet to reposition Fitbit around passive, round-the-clock health tracking rather than smartwatch-style interaction. Priced from $99.99 in the US, the […]
Arabian Post Staff -Dubai Dubai’s automotive data market is moving deeper into predictive intelligence after Seez entered a strategic collaboration with AutoData Middle East to strengthen vehicle valuation and market analytics across the region. The agreement brings Seez’s artificial intelligence models into AutoData Analytics, with an immediate focus on the platform’s Future Residual Value module. The integration is intended to improve projections of how vehicles retain value […]
