Reliance Industries is preparing for a massive IPO of its telecom arm, Jio Platforms. The company plans to file initial documents by the end of this month. This could be India’s largest ever IPO. Seventeen bankers have been appointed to manage the issue. The offering is expected to be a secondary share sale by existing investors.
Cash takes centre stage as investors rethink AI spending boom
Investors are increasingly focused on technology companies’ cash generation capabilities to fund artificial intelligence investments. Microsoft and Oracle are gaining positive attention from investors, while