Jio revs up IPO engine; Accenture shock sinks IT (opens original article in a new tab)

Jio Platforms initiated its IPO process with a $3 billion raise, while Indian IT stocks dropped following Accenture's revised guidance. The Delhi High Court maintained the temporary ban on Telegram.

• Jio Platforms filed its draft red herring prospectus (DRHP) with Sebi for a $3 billion IPO.
• Shares of TCS, Infosys, Wipro, HCL Technologies, and Tech Mahindra fell up to 8% after Accenture trimmed FY26 revenue growth guidance.
• Delhi High Court upheld India's temporary ban on Telegram ahead of NEET re-test.