ET Bureau & AgenciesThe non-institutional investors or high net worth investors portion was subscribed 34.75 times, while the qualified institutional buyers' portion was subscribed 187.32 times.
The retail investor's segment was subscribed 7.73 times the portion set aside for them. The public offer comprised a fresh issue of ₹542 crore and an offer-for-sale of 4.45 million shares.
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Nvidia to Partner Reliance, Tata for Big AI Play in IndiaAmerican chipmaker Nvidia and Reliance Industries, India’s largest company by market cap, will together build a foundational large language model (LLM) — an artificial intelligence algorithm —that will be trained on an array of diverse Indic languages used by the country’s 1.4 billion people, chief executive Jensen Huang announced on Friday.
Authorisation Regime Likely for OTT Comm AppsThe final version of the Telecom Bill is likely to stipulate an ‘authorisation regime’ for over-the-top (OTT) communication apps such as WhatsApp, Telegram, Signal and others, instead of a licensing regime proposed in earlier versions, people aware of the development told ET.
I-CRR to be Withdrawn; Fund Release in StagesThe Reserve Bank of India (RBI) Friday said it would discontinue emergency cash-impounding measures aimed at liquidity drainage and price containment, allowing stage-gated fund releases to lenders that saw their stocks climb ahead of the review deadline.
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