India's soybean imports surge to record as domestic prices rally
India's soybean imports significantly increased to 1.1 million metric tons in 2025/26 compared to the previous year. Rising domestic prices prompted Indian mills to enhance their overseas purchases of soybeans. The majority of these imports originated from Niger, which became the largest exporter to India.
Jio Platforms Ltd's spectacular initial public offering (IPO) has catapulted the digital company, along with its parent Reliance Industries Ltd, to unprecedented heights in India's market. This event also pushed Mukesh Ambani's conglomerate, the Tata Group, to the second spot as India's most valuable group by market value. Jio's shares witnessed a surge of up to 23% on the first day of trading, valuing the company at over ₹12.5 lakh crore ($131.4 billion).
As a result, Reliance Group's combined market value exceeded ₹30 lakh crore, surpassing Tata Group's value of ₹25 lakh crore, according to Bloomberg News data. Tata Group had held the top position for most of the past decade. Jio's listing also propelled it to become the sixth most valuable telecom firm globally, overtaking its nearest rival, Bharti Airtel Ltd. The $3.1 billion IPO was fully subscribed in less than 100 minutes, 22 times oversubscribed, and surged on its debut, indicating that it is poised to break a poor track record for mega deals in the country.
Reliance's shares, however, have dropped by 25.4% this year, while the benchmark NSE Nifty 50 has declined by nearly 13.3%. For the telecom giant to be added to India's headline stock indexes like the Nifty 50, bourses first need to launch derivatives products on the stock, a process that may take several months.
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- Jio’s IPO surge ends Tata’s reign as most valuable India group thehindubusinessline.com
