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Reliance Jio Platforms is reportedly considering an IPO this year, potentially raising over $4 billion by floating 2.5% of the company. This move could make it India's largest-ever IPO. The telecom giant, led by Mukesh Ambani, has diversified into AI and attracted significant investor interest.
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It comes after government urged Ofcom to use all its powers up to and including an effective ban against X.
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European shares opened higher on Friday, lifted by an 8% jump in Glencore that put the STOXX 600 on track for its longest weekly winning streak since May.
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