Samie Modak

Jio Platforms Ltd. surged in its trading debut after billionaire Mukesh Ambani's telecom giant raised a record $3.1 billion in India's biggest initial public offering, bucking a poor track record for the country's mega deals. The shares rose as much as 23... See more

By Samie Modak and Rajesh Mascarenhas Jio Platforms Ltd. is set to debut on the stock market on Wednesday after a record-breaking initial public offering, pitting billionaire Mukesh Ambani's telecom giant against a negative trend for India's mega deals in... See more

Good morning... I'm Samie Modak in Mumbai, where bears seem to be tightening their grip on stocks. The benchmark Nifty 50 Index capped a fourth straight session of losses on Friday as higher oil prices weighed on sentiment. But the recent market selloff h... See more

By Savio Shetty and Samie Modak India's battered equ ity-derivatives market may extend its nascent recovery after the regulator reverted to an earlier mechanism to settle prices, easing confusion that has weighed on trading activity. That's the initial ta... See more

Good morning... I'm Alex Gabriel Simon in Mumbai, where bank stocks will likely set the tone for Monday. India's biggest private lenders, HDFC Bank, ICICI Bank and Axis Bank — whose shares account for little over a fifth of the benchmark Nifty 50 by weigh... See more