NSE OFS unlocks ₹30 trillion as Jio eyes record IPO

India's National Stock Exchange filed its Draft Red Herring Prospectus on June 17, 2026, proposing an offer‑for‑sale of up to 148.9 million shares, roughly 6% of its equity. The deal could free around ₹30 trillion for major holders like SBI, LIC and Radhakishan Damani, making it the country's largest ever IPO.

Jio Platforms has filed a draft prospectus for a 27‑crore share IPO that could become India’s biggest ever, aiming to raise up to ₹38,000 cr. Proceeds will primarily pay down roughly ₹27,500 cr of debt, signaling a shift from network build‑out to monetisation.

BSH Home Appliances is entering India’s mass market for the first time, partnering with local manufacturers and lowering entry‑level Bosch washing‑machine prices by about 20% to roughly ₹17,500. With over 350 new models, the firm aims to quadruple its India business and lift market share from 4% to 8‑9% within four years.

India’s 166 major reservoirs are only 27.5% full, the lowest in years, as the monsoon delivers 40% less rain than normal. The shortfall threatens kharif crops, especially in central and eastern regions, tightening water supplies for agriculture and raising the risk of a drought‑driven economic strain.

The RBI’s Monetary Policy Committee kept the repo rate unchanged at 5.25% after a unanimous vote, signalling a neutral stance. The minutes detail rising inflation and growth risks from the protracted West Asia conflict and volatile energy markets, hinting at tighter monetary conditions if pressures persist.

The cabinet has approved a Rs 19,700 crore carbon‑capture, utilisation and storage program that will draw about ₹37,500 crore of private investment and aim for 7 million tonnes of CO₂ sequestered annually. By unlocking funding for power, steel, cement and chemicals, the scheme could jump‑start industrial decarbonisation and lower India's carbon intensity.

India and Britain will activate their Comprehensive Economic and Trade Agreement on July 15, the fastest implementation between the two. The deal is projected to lift bilateral trade from £48 bn to $100‑120 bn by 2030 and broaden cooperation beyond tariffs to technology, mobility and security.

The RBI has ordered banks to waive collateral and margin for agricultural loans up to ₹2 lakh per borrower, including KCC advances. Voluntary gold or silver pledges within this limit are now permissible, easing credit access for marginal farmers and lowering entry barriers for farm‑related financing.

Indian state miner IREL is negotiating with Russia’s Rosneft to obtain rare‑earth samples from the Tomtor deposit in Siberia. The move aims to diversify India’s critical‑mineral supply chain and reduce reliance on China for magnets used in EVs and defense gear.