2 weeks ago
Jio Financial, Groww, Laurus Labs Lead Stocks in Focus
Every day, newspapers and apps tell people which company shares to watch in the stock market.
Today's list talks about some big Indian companies.
One big thing: Bank of America, a huge American bank, is buying almost half of Jio's lending business called Jio Credit.
That means they will own 49.9 out of every 100 parts of that business.
It costs them a lot of money: 1.9 billion dollars.
Some companies like Groww and Laurus Labs got a special invitation to join a world-famous list of companies called the MSCI India Index.
Other companies like SBI Cards and Astral had to leave that list.
A phone company called Airtel stopped selling some cheaper prepaid plans, so customers may have to pay more.
Some companies got big orders to build things, like a hospital and railway wagons.
When big news like this happens, people who own these shares watch closely to see if prices go up or down.
Bank of America will acquire a 49.9% stake in Jio Financial Services' lending arm Jio Credit for USD 1.9 billion (Rs 18,268 crore).
Groww and Laurus Labs were added to the MSCI India Index, while SBI Cards & Payment, Astral and Balkrishna Industries were removed.
Bharti Airtel discontinued five prepaid plans offering 1.5 GB daily data with unlimited calling, including the popular Rs 299 plan.
Krystal Integrated Services acquired a 100% stake in Citelum India to enter the city lighting and urban infrastructure segment.
Vascon Engineers won a Rs 126.39 crore contract for a 300-bed hospital in Wardha, and Texmaco Rail secured a Rs 77.76 crore wagon order.
- Who
- Bank of America, Jio Financial Services, Bharti Airtel, Groww, Laurus Labs, Krystal Integrated Services, Vascon Engineers and other Indian companies
- What
- A business news roundup covering a Jio-BofA joint venture, MSCI index changes, Airtel prepaid plan discontinuations and new corporate contracts
- Where
- India, including projects in Uttar Pradesh and Wardha, Nagpur, Maharashtra
- When
- Wednesday, August 13, 2026
- Why
- Companies are expanding through deals and contracts while stock index changes and tariff moves affect investors and customers
Key facts
- Jio-BofA Deal
- Bank of America to acquire 49.9% stake in Jio Credit for USD 1.9 billion (Rs 18,268 crore)
- MSCI India Index
- Groww and Laurus Labs added; SBI Cards & Payment, Astral and Balkrishna Industries removed
- Airtel Plans Discontinued
- Rs 299, Rs 319, Rs 579, Rs 619 and Rs 649 prepaid plans
- Krystal-Citelum Deal
- 100% equity stake in Citelum India acquired; targets Rs 300-350 crore annual revenue in 3-4 years
- Texmaco Order
- Rs 77.76 crore from Ivc Logistics Limited for ACT1 and BVCM wagons
- Diamond Power LoI
- Rs 61.03 crore from Purvanchal Vidyut Vitran Nigam for 33 kV HT XLPE cable
- Vascon Order
- Rs 126.39 crore for a 300-bed general hospital in Wardha, to be executed within 24 months










