Both NSE and Jio Platforms filed their draft papers in June to raise about ₹30,000-31,500 crore and ₹37,000-37,700 crore, respectively, making them India’s biggest IPOs to date. By comparison, Hyundai India’s IPO in October 2024 raised about ₹27,870 crore, while LIC’s issue in May 2022 was worth ₹20,557 crore. Source link
Reliance Industries Chairman Mukesh Ambani addresses the 49th Annual General Meeting (post-IPO) of Reliance Industries Limited, in Mumbai, Maharashtra. Photo: YT/@RelianceUpdates via PTI Photo Jio Platforms Ltd (JPL) on Friday filed the Draft Red Herring Prospectus (DRHP) with market regulator the Securities & Exchange Board of India (SEBI) for an Initial Public Offer (IPO) of … Read more
The joint venture between Jio Financial Services and BlackRock has also seen strong participation from investors beyond major metros, with 40% of its retail investors coming from B-30 cities. Photo Credit: Jio BlackRock Mutual Funds Instagram Jio BlackRock Asset Management, which launched its services in May, has built an investor base of 10 lakh, with … Read more
Jio Platforms, a subsidiary of Reliance Industries that helps operators to evolve to new 5G capabilities, has created an AI platform, Jio Brain, that integrates machine learning (ML) capabilities in a telecom operator’s network, enterprise network, or any industry-specific IT environment without the need for an exhaustive network/IT transformation. According to a LinkedIn post by … Read more
Bharti Group-backed OneWeb vs Jio’s satellite services: A senior executive from Reliance Jio has cautioned that OneWeb, backed by the Bharti Group, should not underestimate the competition posed by Jio’s satellite services. Jio has already established a gateway and demonstrated a 1 Gbps broadband connectivity, a feat that might not be easily matched by competitors … Read more
As it targets to complete national 5G rollout by the end of this year, Reliance Industries chairman Mukesh Ambani on Monday announced the launch of Jio AirFiber from September 19 — the day of Ganesh Chaturthi — which would provide high-speed broadband services to homes but over the air without the need to reach the … Read more
The 46th Annual General Meeting (AGM) of Reliance Industries Limited (RIL) is being held on Monday. The RIL AGM is a major event for the Indian business community. The announcements made at the meeting could have a significant impact on the Indian economy. Investors are therefore eagerly awaiting the meeting to hear what Mukesh Ambani … Read more
Now a days nothing escapes Reliance’s attention. Gone are the days when it used to be extremely averse to do tie-ups/ JV’s. With next generation getting a bigger say and future becoming more and more unpredictable, Reliance seems to have decided – ‘we can not play a wait and watch’ and more importantly ‘we can … Read more
Jio is investing $200 mn into Glance. Key points to note – Glance, founded in 2019 is a subsidiary of inmobi. Glance has two platforms: Roposo – creator led live entertainment commerce Glance – live entertainment, commerce and gaming on mobile lock screen For it’s investment, Jio willl get about 17% stake in Glance, implying … Read more