Jio shares surge 21% in market debut after blockbuster India IPO
Jio has debuted as India’s second-most valuable listed company, behind its parent, Reliance Industries.
Jio has debuted as India’s second-most valuable listed company, behind its parent, Reliance Industries.
Jio plans to use most of its IPO proceeds to repay debt as it expands beyond telecom.
Elon Musk has accused Indian billionaire Mukesh Ambani of blocking competition.
Reliance is weaving AI into telecom services used by more than 500 million people.