S&P 5007,765.36▼0.5% Nasdaq27,193.34▼1.2% Dow51,231.64▲0.1% Russell 2K2,794.13▲0.0% 10-Yr5.23%−5bp VIX15.41+0.33 WTI$91.10▲3.2% Gold$4,157.80▲0.4% EUR/USD1.122▼0.3% BTC$82,825▲1.2% Nikkei70,036▼0.9%
At close · Thu, Oct 8, 2026
Daily Market Updates.

US Markets

Home›US Markets›Equities›Billionaire Mukesh Ambani launches India’s biggest-eve…

Billionaire Mukesh Ambani launches India’s biggest-ever IPO

Reported · Written up by our desk · Equities

Low-cost broadband provider Jio Platforms aims for £81bn valuation when it floats on the stock market on Wednesday Business live – latest updates India’s second-richest man, Mukesh Ambani, is launching what could be the country’s biggest-ever initial public offering (IPO), despite a stock market downturn. Mumbai-based Jio Platforms, a telecoms company backed by Meta Platforms and Google, is hoping to raise up to 302bn rupees (£2.4bn) and is targeting a 10.3tn rupeesvaluation when it floats on the stock market from Wednesday. Continue reading...

← Newer storySureEV is building an EV insurance comparison platform

More like this

US MarketsAudit regulator looking into Manchester City accounting
US MarketsBritain Is Said to Approve New Gas Drilling in the North Sea
US MarketsSpaceX Swings to a Profit, Even as A.I. Spending Soars
US MarketsNetflix posts third-quarter earnings beat, but shares fall on advertising and revenue guidance
US MarketsThe Social Security Administration corrected millions of records, and says there’s more to fix

Sources

Guardian BusinessBillionaire Mukesh Ambani launches India’s biggest-ever IPO

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.