Nana Patekar delivers a heartwrenching performance in the low-budget fatherhood saga, Vanvaas. Despite the film's predictable plot and reliance on multiple dramas, it still manages to hold the audience's attention with its emotional appeal and a surprising twist in the climax. Packed with stellar performances and an unexpected ending, Vanvaas is a must-watch for fans of emotional dramas.
After Barcelona's latest victory, it's clear that 17-year-old Lamine Yamal is the team's most influential player in LaLiga. In fact, the team has won every game in which Yamal has started. His absence has coincided with the team's worst run of form, highlighting their heavy reliance on the young winger. However, there are concerns within the club about managing this over-reliance on such a young player.
The Indian benchmark indices opened marginally lower on Friday, following the trend of previous trading sessions. Despite positive global cues, the market saw weakness as FIIs continued their selling streak. However, experts believe that a recovery in earnings could lead to a change in the scenario and potentially shift the market towards a positive trend. Meanwhile, top gainers on the Sensex included names like Tech Mahindra, Infosys, and HCL Tech, while major losers were ICICI Bank and Reliance Industries.
Amazon is taking steps to reduce its dependency on Anthropic's Claude chatbot, a widely used feature on Amazon Web Services. According to sources, the online retail giant has developed a new large language model (LLM) code-named Olympus, which can process images and videos and help customers search for specific scenes. Amazon's recent investments in OpenAI competitor Anthropic mirror its efforts to stay on top in the field of generative AI. The company may announce the new AI model at its annual AWS re:Invent customer conference next week.
With IBDF's current president, K Madhawan, departing after the merger of Disney Star and Viacom18, all eyes are on who will take his place. Industry experts are predicting JioStar, the powerhouse created by the merger of Disney Star and Reliance's media businesses, to be the obvious choice for leading the industry body. JioStar currently holds a dominant position in the industry and its representative taking over as IBDF president would not be a surprise.
The Solar Energy Corporation of India (SECI) has debarred Reliance Power and its subsidiary Reliance NU BESS Limited from participating in future tenders for the next three years due to a fake bank guarantee submitted by the companies in a recent bid for a battery storage project. SECI has also extended the debarment to Reliance Power and its subsidiaries, citing their close relationship and influence on the bidding process. The move is a significant setback for Anil Ambani's business interests.
ACME Solar Holdings, a leading renewable energy company, is set to launch its Initial Public Offering (IPO) with a mix of fresh issue and offer of sale. However, according to a brokerage firm, the company's reliance on government-owned transmission grids and infrastructure, and its growth depending on winning competitive bids pose significant risks. The company's financial performance has been lacklustre in recent years, with low margins and reported losses. Interested investors can subscribe to the IPO from November 6 to 8 for a price band of Rs 275 to Rs 289 per equity share.
Reliance Industries Ltd. (RIL) is preparing for the highly anticipated IPO of its telecommunications subsidiary, Jio Platforms Ltd., with plans for a listing by 2025. The valuation of Jio is currently estimated at over $100 billion, with analysts predicting a potential IPO valuation of $112 billion. The IPO will allow existing investors to exit, while RIL's chairman Mukesh Ambani aims to list Jio as a subsidiary structure rather than demerging it. In 2020, Jio secured investments from several strategic partners, including Meta and Google, and recently announced a partnership with Nvidia to develop AI data centers in India.
According to sources, Mukesh Ambani, the chairman and managing director of Reliance Industries, has set a target to list the group's telecom business, Jio, next year with a valuation of over USD 100 billion. The conglomerate also plans to launch the IPO of its retail unit at a later time. Ambani had previously announced a timeline of five years for Reliance Jio and Reliance Retail to go public, but the company has now firmed up plans to launch the Jio IPO in 2025, indicating confidence in its stable business and revenue stream as India's top telecom player.
Indian billionaire Mukesh Ambani plans to launch the IPO for his telecom business Jio in 2025 with a target valuation of over $100 billion. Ambani, who hasn't updated his IPO timelines since 2019, has successfully raised $25 billion from investors for his digital, telecom, and retail ventures in recent years. However, the IPO for his retail unit is not expected until after 2025 as the company needs to address some internal business and operational challenges.