Billionaire Mukesh Ambani’s Jio Platforms Ltd is gearing up for what could be India’s largest IPO ever. Jio Platforms Ltd, the digital services arm of Reliance Industries Ltd, has received Sebi approval for aninitial public offeringthat could raise about $3.8 billion (Rs 37,700 crore). The mega listing would surpass Hyundai Motor India’s $3.3 billion listing in 2024. The proposed IPO by the NSE, at Rs 30,000 crore, would also be smaller. Meanwhile, IIT-Madras is on a national mission to build the next generation of innovators and one step closer to the idea of Viksit Bharat @2047. Led by IITM Global Research Foundation, in partnership with Ideabaaz, a media-integrated startup platform, Bharat Ascend aims to discover 100 high-potential ideas from Tier II and III cities and emerging innovation ecosystems across India in 365 days. Themissionwill also create pathways to transform ideas into prototypes, pilots, investable ventures, market-ready products, and globally scalable enterprises. In other news, Singapore state investor Temasek, a shareholder in Singapore Airlines, hasbackedthe airline’s investment in Air India, amid growing concern over the stake in the loss-making Indian carrier. Temasek views the Air India investment from a long-term perspective. “Efforts of this scale take time and are not expected to be linear, particularly in the aviation sector,” it said in a statement. Lastly, newresearchin the UK reports a sharp spike in incidents of AI escaping user control—with AI lying, ignoring instructions, and going after goals in harmful ways. In today’s newsletter, we will talk about Here’s your trivia for today: What electronics company used the ad slogan ‘Just Slightly Ahead of Our Time’?(Scroll down for the answer) Gurugram-based AssessPrep uses AI to create, grade, and analyse tests, helping schools see where students are struggling, and not just what they scored. The platform helps schools create, deliver, grade, and analyse tests, primarily for international curricula such as IB, Cambridge IGCSE, and Advanced Placement. It works with more than 800 schools, with an AI-first approach to save teachers time while giving schools more detailed data on student learning. Venture capital funding into Indian startups rose marginally in the last week of August, driven by reasonably sized deals in an otherwise tepid funding environment. The total funding for the week was $245 million across 27 deals, compared to the previous week’s fundraise of $187 million. What electronics company used the ad slogan ‘Just Slightly Ahead of Our Time’? We would love to hear from you! To let us know what you liked and disliked about our newsletter, please mail[email protected]. If you don’t already get this newsletter in your inbox,sign up here. For past editions of the YourStory Buzz, you can check ourDaily Capsule page here.
