Indian IPOs hit investors hard as nearly one-and-a-half dozen issues turned wealth destroyers, falling at least 50% over their issue price, with some issues wiping out up to 70% of investors' wealth.
Reuters said 8 per cent of individual holdings effectively implies about 2.5 per cent of Reliance Jio’s total outstanding shares being offered in the listing.
Mukesh Ambani-led Reliance Industries aims to file a draft red herring prospectus for the initial public offering of its digital and telecom unit, Jio Platforms, by end of this month.
With a binding 15-year contract in hand, the user explained, Reliance can easily approach banks with guaranteed revenue to secure loans, while Samsung gets "skin in the game" to ensure delivery.
Reliance Jio IPO: The initial public offering (IPO) of Jio Platforms, the digital arm of Mukesh Ambani's Reliance Industries Ltd (RIL) is reported to be in limbo, suggest some media reports.
JM Financial and Hurun India have collaborated to release their inaugural 'Hurun India Unlisted Gems 2026 report' which features a curated list of 100 high-potential Indian companies.
At the AI Impact Summit, Mukesh Ambani, Chairman and Managing Director of Reliance Industries, made a bold prediction: India will emerge as one of the world’s greatest AI powers in the 21st century. He cited India’s unmatched strengths in demography, democracy, digital infrastructure and data generation. With nearly a billion internet users, the world’s largest mobile data consumption, 1.4 billion Aadhaar digital IDs and over 12 billion monthly UPI transactions, Ambani said India’s digital foundation is unparalleled. He also highlighted India’s thriving startup ecosystem with over 100,000 startups and 100+ unicorns. Ambani added that Jio, with 500 million subscribers, will play an even bigger role in accelerating India’s AI transformation.
At the India AI Impact Summit 2026, Google DeepMind CEO Demis Hassabis hailed India's AI momentum, spotlighting DeepMind's Bangalore research hub and partnerships like Reliance Jio for Gemini models reaching every citizen. He positioned AGI—potentially arriving within five years—as a force 10 times more impactful than the Industrial Revolution, unfolding over a decade to revolutionise science via AlphaFold-style breakthroughs in protein folding, materials, fusion, and beyond. Hassabis urged a scientific approach with guardrails amid explosive capabilities, praising India's student energy at IISc and calling for global summits to unite technologists, governments, and philosophers—ensuring this pivotal moment delivers a golden era of discovery for humanity.
At the AI Summit, Mukesh Dhirubhai Ambani, CMD, Reliance Industries outlined an ambitious roadmap to position India as a global AI powerhouse. Announcing a ₹10 lakh crore investment over seven years, Reliance and Jio plan to build sovereign AI infrastructure, including gigawatt-scale data centers and green energy-powered compute capacity. The initiative aims to make artificial intelligence affordable, inclusive, and accessible across sectors—from agriculture and healthcare to education and small businesses. Ambani emphasized multilingual AI, data security, and job creation, while highlighting India’s digital public infrastructure, Aadhaar, UPI, and startup ecosystem as key strengths. With projects like Jio AI Bharat and AI-enabled services, the vision centers on democratizing intelligence and accelerating India’s journey toward a developed nation by 2047.
At the AI Impact Summit, Mukesh Ambani, Chairman of Reliance Industries, outlined five non-negotiable principles guiding Jio’s AI strategy. The focus: deep-tech leadership, multilingual inclusion, responsible AI, job creation, and a powerful innovation ecosystem. Under the Jio Intelligence vision, AI will serve farmers, students, small businesses and enterprises alike. Ambani highlighted initiatives like Jio Shikshak for AI-powered education in 22 languages, Jio Arogya AI for instant health guidance, and Jio Krishi for farmer support using satellite data. He stressed that India must build AI rooted in its languages, culture and values — not import intelligence. The goal, he said, is to make AI socially relevant, affordable and accessible at Bharat scale, while positioning India as a global AI co-architect.
At the AI Impact Summit, Mukesh Ambani, Chairman of Reliance Industries, unveiled a massive AI push through Jio. He announced a ₹10 lakh crore investment over seven years to build India’s sovereign AI infrastructure. The plan includes gigawatt-scale AI-ready data centres starting with over 120 MW coming online in 2026 at Jamnagar, backed by up to 10 GW of green energy in Kutch and Andhra Pradesh. Ambani said Jio Intelligence will also create a nationwide edge compute network integrated with Jio’s telecom backbone to make AI affordable and accessible. His message was clear: India cannot “rent intelligence” — it must build and own it at scale.
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