Reliance Jio

QIBs bid 70.6 times the quota reserved for them; retail segment bought 2.7x

QIBs lead at 9.42x their quota, while retail investors subscribe to just 0.73x

Jio Platforms is set to raise up to $3.2 billion at a valuation of $108.3 billion in what will be ​India's biggest ever IPO

Brokerages say the firm is well positioned to sustain industry-leading growth, given market leadership, multiple triggers

Outlines mobility, home, international markets as growth levers backed by deep-tech stack

Industrialist Dhirubhai Ambani, the founder of the group, took Reliance Textile Industries, which later became RIL, public in 1977

JPL developing own satellite constellation, evaluating partnerships with global cos

The fresh issue comprises up to 270 million equity shares with a face value of ₹10 each

Cheap data is the playbook ​that built Jio in India, and the one Musk has used in ​markets like Kenya to unsettle local telecom players

Elon Musk on Sunday renewed his attack on Mukesh Ambani over Starlink's entry into India, accusing the billionaire's supporters of indulging in "absurd hypocrisy and hyperbole" in arguing simultaneously that his satellite internet service cannot compete with "amazing low prices offered by Ambani's de facto monopoly in India", even as they claimed - in the same breath - that it poses a strong competitive threat. In a post on X, Musk said competition from Starlink would benefit ordinary Indians by expanding consumer choice, and that while it could lower Ambani's profits "he is not going out of business". Musk also said that if, indeed, Starlink's services were too expensive in India, consumers would not buy them, forcing the company to make its pricing affordable. The "ridiculous arguments" by Ambani's internet supporters "make no sense", he said. "On the one hand, they say Starlink couldn't possibly compete with the amazing low prices offered by Ambani's de facto monopoly in India an

Scindia says Jio, OneWeb and Starlink have licences, with operations subject to security compliance and spectrum charges, amid Elon Musk's allegations of entry barriers

India has good reason to keep satellite communications under the control of operators subject to Indian laws and security oversight

Reliance shares imply a 36 per cent discount to the value of its roughly two-thirds stake in Jio Platforms, though analysts see about 25 per cent as a more sustainable gap after the telecom unit lists

India could emerge as a global AI-agent exporter by cutting inference costs and making AI more affordable and accessible domestically

Industry leaders at India Mobile Congress say autonomous networks can improve efficiency, but need common standards, regulatory support, safeguards and human oversight

JioHotstar has said it will enter the Middle East and North Africa (MENA) region in partnership with STARZPLAY, expanding its international footprint. The streaming platform, which has over 500 million active users, had last month said it would enter the UK, Canada and Singapore markets, targeting the South Asian diaspora, as part of its global expansion plans. JioHotstar will be available as a dedicated streaming destination within the STARZPLAY app and website, said a joint statement. "Audiences across MENA will now gain access to new JioHotstar Originals alongside their release in India, with the content offering audio tracks in up to 10 languages, popular television content from JioStar TV channels, blockbuster films and some of the country's biggest reality franchises," it said. The content spans Hindi, Malayalam, Tamil, Telugu, Bangla and other languages, with a substantial Malayalam catalogue reflecting the importance of the Malayali audience in the region, the statement ...

Jio has finished gauging demand for the offering and is likely to begin meetings with potential investors this week to discuss valuation and pricing

The country's biggest listing to date is Hyundai Motor India's $2.9 billion listing in 2024, while the National Stock Exchange of India made its market debut last month after a $2.3 billion IPO

Digital services major Jio Platforms is likely to get listed by the end of this month at an enterprise valuation of USD 143-146 billion or above Rs 12 lakh crore, sources tracking the development said. Jio Platforms IPO is touted as India's largest public offer at an estimated size of USD 3.8 billion. The company has concluded overseas roadshows and is expected to file final papers with market regulator SEBI for the initial public offering in the week starting October 12, banking and other sources who did not wish to be identified told PTI. "Based on interest received from overseas roadshows, Jio Platforms is likely to list at a base enterprise valuation of USD 143-146 billion or at least Rs 12 lakh crore by end of this month," one of the banking sources said. An email sent to Jio Platforms (JPL) seeking comments based on available information did not elicit any reply. The overseas roadshows held in the US, UK, Dubai, Hong Kong and Singapore were led by Jio Platforms Managing Dire

Overall, the number of wireless (mobile and Fixed Wireless Access together) subscribers increased to 1,312.25 million at the end of August 2026, a monthly growth rate of 0.46 per cent.