Indian telecoms giant; operates in 18 countries
Jio Platforms has launched a 302 billion-rupee IPO at a price band of 1,065–1,119 rupees per share to repay telecom debt and fund cloud, satellite and AI plans. Global funds and 212 anchor investors have backed the float, and institutional bids have far exceeded allocated shares as India’s equity market has been weak this year.
The row between SpaceX chief Elon Musk and Indian billionaire Mukesh Ambani has escalated as Musk accuses Ambani of hindering Starlink and questions India’s leadership; officials say India’s regulatory framework for satellite services remains fair and non-discriminatory as Starlink waits for clearance.