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The recently launched India-US Trade Facilitation Portal has quickly attracted around 3,500 registrations, demonstrating its strong appeal. Designed particularly for Indian exporters, including MSMEs and newcomers, this platform enables users to present their products and discover potential business partners online. It also hosts virtual exhibitions, promoting a more global reach and consolidating business connections between India and the US.
India's mobile phone manufacturing sector has generated Rs 25,000 crore in direct tax collections and Rs 3,000 crore in GST. Union minister Ashwini Vaishnaw announced new schemes to further enhance production and strengthen global supply chains. The Mobile Phone Manufacturing Scheme will operate from FY 2026-27 to FY 2030-31, with Rs 62,500 crore allocated. It aims to increase domestic sourcing and support Indian mobile brands through incentives.
Jio Platforms celebrated a remarkable stock market entry, debuting at Rs 1,358 per share. The IPO attracted an impressive 22.19 times oversubscription, with bids surpassing Rs 7.4 lakh crore. Following this, the firm's market capitalisation soared to around Rs 12.5 lakh crore, securing its position as India's second most valuable company.
Jio Platforms Limited made a notable debut on the stock market, listing at a premium of 21.36%. The public issue was highly successful, being subscribed 22.19 times and valued at over Rs 10 lakh crore. Isha, Akash, and Anant Ambani commemorated their father's legacy while outlining future ambitions for the company. Akash Ambani expressed a commitment to democratizing technology over the next decade.