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Get the appGetJio IPO experienced a significant setback within two days of opening as the Grey Market Premium (GMP) declined. Despite a strong subscription of ₹87,000 crore and 7.5 million applications in two days, the GMP drop has raised concerns about the IPO's immediate market performance. Jio's IPO had initially set records in the Indian market with high demand.
Navbharat Times·
BusinessPhoto: Business StandardSoftBank Group's market value has halved since its peak in June due to rising borrowing costs and investor worries about the sustainability of its large AI investments. Shares dropped 6.9% on Thursday, reducing its market cap to about $157 billion, now smaller than Hitachi and Recruit Holdings. Global AI spending concerns intensified after CoreWeave Inc.'s bonds showed distress, highlighting financing risks in the sector.
Business Standard·
PoliticsPhoto: NDTVForeign Minister S Jaishankar stated at the NDTV World Summit that the US is protecting its interests with the recent oil deal with Russia, despite criticism from allies. He noted that prolonged sanctions are ineffective as many Western countries continue buying Russian oil. The deal, announced by President Trump on October 9, involves supplying millions of tons of diesel to US and global markets.
NDTV·
BusinessPhoto: Business StandardThe Appointments Committee of the Cabinet has approved Sunil Kumar as the new chairman of Oil and Natural Gas Corporation (ONGC) for three years starting December 7, 2026. Currently executive director, Kumar will be the first to be promoted from this rank to chairman. He replaces Arun Singh and holds degrees in petroleum engineering and business management.
Business Standard·
SportsPhoto: NDTV CricketIndian spinners Kuldeep Yadav and Ravindra Jadeja shared a playful exchange on social media during India's training session ahead of their T20I series against New Zealand. Jadeja teased Kuldeep to take some pressure, to which Kuldeep replied that pressure should be given, not taken. Their light-hearted banter delighted fans online.
NDTV Cricket·
HealthPhoto: HT HealthA nutritionist emphasizes that while protein intake has gained popularity, it should not be considered in isolation. Protein is essential for muscle repair and maintenance, but fibre plays a crucial role in overall nutrition, particularly gut health. Both nutrients offer distinct benefits and should be included together in a balanced diet for optimal wellness.
HT Health·
Navbharat Times·
Jio IPO experienced a significant setback within two days of opening as the Grey Market Premium (GMP) declined. Despite a strong subscription of ₹87,000 crore and 7.5 million applications in two days, the GMP drop has raised concerns about the IPO's immediate market performance. Jio's IPO had initially set records in the Indian market with high demand.
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