Economy
Elon Musk Targets Reliance Industries Ahead of Jio Platforms IPO
Livemint1h
THE BRIEF
1
Tesla and SpaceX CEO Elon Musk targeted Reliance Industries and Mukesh Ambani on social media ahead of the launch of Jio Platforms' initial public offering.
2
Jio Platforms announced an IPO price band of ₹1,065 to ₹1,119 per equity share, targeting a valuation of $106 billion for its upcoming public market debut.
3
Musk stated that Starlink plans to price its satellite internet service affordably in India to compete directly with existing domestic telecom and broadband providers.