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BusinessPhoto: Firstpost Business

Jio to Use IPO Proceeds to Repay Rs 27,000 Crore Debt

Reliance Jio plans to use proceeds from its proposed IPO to repay around Rs 27,000 crore in debt. This move is expected to lower financing costs, strengthen the balance sheet, and support profitability by generating nearly Rs 2,000 crore in annual savings through reduced interest and principal repayments. The repayment could make Jio net debt-free and enhance financial flexibility for future growth, especially after heavy 5G investments.

Firstpost Business·

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PoliticsPhoto: The News Minute

Kerala HC orders release of Rs 21,000 surgery aid to transgender person

The Kerala High Court directed the state's Directorate of Social Justice to release Rs 21,000 in pending financial aid to Srihaan V Chandran, a transgender person who underwent sex reassignment surgery. The court ordered the payment within two months after Chandran challenged the non-disbursement of the full Rs 36,000 assistance. The petitioner had received only Rs 15,000 so far.

The News Minute·

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BusinessPhoto: Mint Companies

MahaTransco Chooses Axis to Lead $1 Billion IPO for June 2027 Listing

Maharashtra's state transmission utility, MahaTransco, has selected a syndicate of merchant bankers led by Axis Bank to manage its $1 billion initial public offering. The IPO is expected to be listed by June 2027, driven by rising electricity demand and increasing state-backed public offerings in the region.

Mint Companies·

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EntertainmentPhoto: HT Entertainment

Rajinikanth Reveals Mithun Chakraborty's Condition for Jailer 2 Role

Rajinikanth shared that Mithun Chakraborty initially refused to play the villain in Jailer 2, citing his friendship with Rajinikanth and reluctance to be beaten or shot by him on screen. Mithun agreed to join the film only after Rajinikanth assured him he would neither be beaten nor shot, a condition Mithun set during a meeting at the WAVES Summit.

HT Entertainment·

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BusinessPhoto: News18 Business

Sunil Bharti Mittal Receives France’s Legion of Honour

Sunil Bharti Mittal, founder and chairman of Bharti Enterprises, has been awarded France’s Legion of Honour. He has also received major awards including India’s Padma Bhushan in 2007 for his contributions to telecommunications and economic growth, the GSMA Chairman’s Award in 2008 for advancing mobile communications globally, and the Lal Bahadur Shastri National Award in 2009 for excellence in public administration and management.

News18 Business·

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SportsPhoto: Firstpost Sports

CSK CEO optimistic about MS Dhoni's IPL return in 2027

Chennai Super Kings CEO Kasi Viswanathan expressed confidence that MS Dhoni could return for the 2027 IPL season despite missing the entire 2026 season due to injury. Dhoni, who many thought was retiring, has not yet decided his future. Viswanathan said Dhoni remains an active player and the franchise awaits his decision, hopeful he will continue with CSK.

Firstpost Sports··Chennai

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