Indiaโs record US$108b Jio IPO tests market faith as Musk rivalry heats up
The coming launch of Indiaโs largest-ever initial public offering (IPO) will test investor confidence in the countryโs leading telecoms operator, Jio Platforms, the digital arm of billionaire Mukesh Ambaniโs Reliance Industries. Jioโs public share offer on Wednesday comes close on the heels of an escalating row between Ambani and Elon Musk. The SpaceX founder has accused the Indian industrialist of using monopolistic influence to block Starlinkโs entry into India โ a charge Reliance has denied,...