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Jio Platforms successfully listed its shares at a premium price of Rs 1,358 on debut day. The stock surged to Rs 1,419, resulting in a market capitalisation of Rs 13.1 lakh crore. The listing also elevated the RIL group to the top of India's most valued business houses. Jio’s IPO was oversubscribed more than 22 times, indicating strong investor interest.
Donald Trump's Truth API, a subscription-based social media service, is attracting a diverse clientele, including Bloomberg and various trading firms, by offering rapid access to his posts. This service's growing popularity raises ethical questions about the commercialization of presidential communication and its potential effects on market dynamics. Amid ongoing legal challenges and mounting criticism, Trump's media company faces heightened scrutiny due to its reduced market value and controversial business practices.