Indian billionaire entrepreneur, founder and chair of Bharti Enterprises
Jio Platforms has listed on the Indian stock market after a 302 billion-rupee IPO that drew record demand and priced at 1,119 rupees per share. Shares have opened sharply higher, valuing the company near 12.5 trillion rupees and making it India’s second-most valuable listed firm. The company will use proceeds to cut telecom debt and fund cloud, broadband and AI expansion.
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.