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BusinessPhoto: ET MarketsJio Platforms, backed by Mukesh Ambani, raised ₹30,213 crore in India's largest IPO. Investment bankers earned ₹196 crore in fees, just 0.65% of the total. By comparison, Hyundai Motor India raised ₹27,859 crore but paid ₹493 crore in fees, or 1.77%, showing Jio's bankers received a smaller payday despite the larger offering.
ET Markets·
BusinessPhoto: ET MarketsSuyash Choudhary, CIO–Fixed Income at Bandhan AMC, stated that Indian bond yields are likely to rise further in the coming months. He advised investors to avoid aggressive bets on bond duration and credit risk to mitigate potential losses amid this expected rise in yields.
ET Markets·
BusinessPhoto: NDTV BusinessAnup Bagchi has taken over as Managing Director and CEO of HDFC Bank, succeeding Sashidhar Jagdishan. Bagchi brings extensive experience from senior roles in the financial services sector, including previous positions at ICICI Bank and ICICI Prudential Life Insurance, covering banking, lending, and insurance domains.
NDTV Business·
PoliticsPhoto: News18Israel is holding a critical election following the October 7, 2023 Hamas attacks. Prime Minister Benjamin Netanyahu faces a strong challenge from former IDF Chief Gadi Eisenkot and his Yashar party. Key issues include security failures, calls for a full inquiry into the massacre, mandatory military service for all, ongoing conflicts, economic pressures, and international isolation.
News18·
TechnologyPhoto: HT WorldFlorida's attorney general secured a court ruling to restrict minors' access to Meta platforms and sued Discord for failing to protect children from predators. Governor Ron DeSantis and Attorney General James Uthmeier are aggressively targeting AI development, consumer privacy, and social media harms. Their efforts reflect growing public concern about AI and Big Tech's impact on privacy and youth safety.
HT World·
TechnologyPhoto: HT WorldIn 1961, the Librascope division of General Precision, Inc. in Glendale, California, developed computers that could write poetry. This early experiment aimed to explore faster, cheaper ways to stimulate intelligent machine reactions. Although the poems were not literary masterpieces, the project highlighted computers' superior data storage and processing abilities, hinting at future advances in artificial intelligence.
HT World··Glendale
ET Markets·
Photo: ET MarketsJio Platforms, backed by Mukesh Ambani, raised ₹30,213 crore in India's largest IPO. Investment bankers earned ₹196 crore in fees, just 0.65% of the total. By comparison, Hyundai Motor India raised ₹27,859 crore but paid ₹493 crore in fees, or 1.77%, showing Jio's bankers received a smaller payday despite the larger offering.
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