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SEBI has approved the IPO of Reliance-owned Jio Platforms, paving the way for what could become India's largest-ever public issue. As per Jio's IPO prospectus, filed on June 19, the company will issue up to 27 crore new shares. Notably, Meta and Google hold a 17.71% and 33.57% stake in Jio, and the IPO may reportedly raise around ₹37,700 crore.

Gazprombank, one of Russia's largest lenders which has been sanctioned for years, was the largest revenue generator for Indian cloud service provider ESDS, Moneycontrol reported. As of FY25, Gazprombank accounts for 20.15% of ESDS' revenues, which suddenly fell to just 2.8% in FY26, as sanctions took hold. ESDS has, on Friday, launched a ₹720-crore IPO that closes on September 1.

Shanghai-based AGIBOT won the World Humanoid Robot Games in China with 46 medals, including 18 gold, 16 silver and 12 bronze medals. Tien Kung ranked second with 45 medals, while Unitree and Booster Robotics ranked third and fourth with 10 and nine medals, respectively. HONOR, whose humanoid broke Usain Bolt's 17-year-old 100m record, ranked 13th with just seven medals.

A water dam has burst again in Tibet two days after a glacial collapse triggered severe flash floods, killing hundreds. Nepal Police issued an alert, urging locals, all security personnel and rescue workers to "remain immediately alert, go to a safe place and inform others". China warned on Thursday that an overflowing barrier lake could trigger a second flash flood.

China paused rescue operations in Tibet after devastating flash floods wreaked havoc in China, Tibet and Nepal. China claimed that a barrier lake, created by a massive landslide and holding two million cubic metres of water, had already begun overflowing and could trigger more floods. It said rainfall could add another three million cubic metres of water in three days.

Celebrating 35 years, Edwise announced that World Education Fair, from August 30 to September 27, will witness huge participation from leading institutions across UK, USA, Australia, Canada, Germany, France, Singapore, Ireland, Dubai, across Mumbai, Delhi, Kolkata, Hyderabad, Bengaluru, etc. Students & parents can interact with delegates about applications, loans, scholarships & coaching.

India can still qualify for the WTC 2025-27 final after draw against Sri Lanka in Colombo. They are fifth with 51.52% PCT and can reach a maximum of 70.37% by winning all seven remaining Tests. Six wins would take them to 64.81%, while five wins and two losses would leave them at 59.26%. Historically, 60% mark is enough for qualification.

The death toll from Nepal’s devastating flash floods has risen to 469, according to the latest figures shared by Nepal Police. More than 1,400 people, including 290 Indians, remain missing as rescue teams search debris-strewn areas and reach communities cut off by damaged roads. It has become the worst disaster Nepal has seen since an earthquake in 2015.

Brothers can't gift SIPs to their sisters the way they do with cash, as mutual funds restrict third-party payments from accounts that aren't in the SIP holder's name. Brothers can instead set up payment mandates on Raksha Bandhan to transfer funds to their sisters' accounts, which they can use for SIPs. Money gifted from brothers to their sisters is tax-free.

Karnataka's Education Department has suspended two government school teachers, Gururaj Joshi and Anna Saheb Deshmukh, in Yadgir district for allegedly participating in an RSS Patha Sanchalana (route march). The department issued them show-cause notices, calling their participation "dereliction of duty" and stating that it violated provisions of the Karnataka Civil Services (Conduct) Rules, 2021.