<p>Low-cost broadband provider Jio Platforms aims for £81bn valuation when it floats on the stock market on Wednesday</p><ul><li><p><a href="https://www.theguardian.com/business/live/2026/oct/20/uk-unemployment-rate-pre-budget-boost-wages-vacancies-latest-news-updates">Business live – latest updates</a></p></li></ul><p>India’s second-richest man, Mukesh Ambani, is launching what could be the country’s biggest-ever initial public offering (IPO), despite a stock market downturn.</p><p>Mumbai-based Jio Platforms, a telecoms company backed by Meta Platforms and Google, is hoping to raise up to 302bn rupees (£2.4bn) and is targeting a 10.3tn rupeesvaluation when it floats on the stock market from Wednesday.</p> <a href="https://www.theguardian.com/business/2026/oct/20/mukesh-ambani-jio-platforms-ipo-india-stock-market">Continue reading...</a>