Jio Platforms IPO draws strong demand within hours; Eternal Q2 net profit rises 92%

Dear Reader, Jio Platforms’ blockbuster IPO sets the tone for a week in which investor confidence, technology ambitions, and digital trust take centre stage. The Rs 30,213-crore issue drew strong demand from qualified institutional buyers (QIBs) within two hours of opening on Wednesday, with the institutional portion subscribed nearly five times. Jio’s ambitions span telecom, artificial intelligence (AI), cloud and digital services, although retail and non-institutional investor participation re