Little Pepe (LILPEPE) is making headlines as investors flock to its presale while pulling funds from XRP in favor of Ethereum (ETH). This shift in sentiment has been attributed to the latest White House report on digital assets, which completely ignored XRP but mentioned Bitcoin and Ethereum extensively. As ETH gains regulatory clarity and sees a surge in institutional ETF inflows, Little Pepe (LILPEPE) has raised over $14.8 million and sold over 10.3 billion tokens, surpassing expectations. With stage 9 now live at $0.0018, investors can expect a 66.67% return on listing, projected at $0.003, further solidifying the project's potential for growth.
Reliance Jio, the telecom arm of Reliance Industries Ltd, announced its plans to file for an IPO during their annual general meeting. Set to go public by the first half of 2026, the firm aims to raise over Rs 52,000 crore and has the potential to hit a valuation of over $154 billion. Along with its ambitious plans to connect every Indian on mobile and digitize businesses and enterprises, the company is also looking to expand its operations globally. RIL's shift to becoming a Deep-Tech company with a focus on innovation is also attracting young leaders to drive the next wave of value creation.
At the annual general meeting of RIL, chairman Mukesh Ambani announced the launch of Reliance Intelligence, a new subsidiary dedicated to providing large-scale AI infrastructure. With a focus on accessibility, the company plans to build gigawatt-scale AI-ready data centres powered by green energy. This move has the potential to make India a major player in the AI arms race, with RIL's resources and reach as a notable advantage. Additionally, this could position India as a third hub of innovation, beyond the US and China, as the company aims to create AI models trained on diverse Indian contexts to address unique local needs.
According to RIL Chairman Mukesh Ambani, Reliance Jio, the telecom arm of Reliance Industries Ltd, is planning to file for India's largest initial public offering in the first half of 2026. The IPO is expected to raise around Rs 52,000 crore, making it the country's largest-ever public offering. Ambani also shared his ambitious plans for Jio's future, including expanding operations outside India and making the company AI-native. However, RIL shares witnessed a slight dip in trading on Friday.
Crompton Greaves Consumer Electricals Ltd. unveils its latest innovation, the Solarium Blaze, in response to the growing concern of hard water in Indian homes. With a stunning design and robust Anti-Scale Technology, this water heater is equipped to combat the challenges of hard water, making it 'Designed to Impress, Built to Endure'. Its purposeful design and 3kW power wattage make it the perfect addition to modern homes, providing rapid and efficient heating even during the monsoon season. With a 3-litre capacity, it caters to the needs of compact urban homes, making it a must-have for every household.
The Indian business community was concerned after rumours of Ratan Tata's critical health surfaced on social media. However, the 86-year-old businessman clarified that these claims were unfounded and that he was currently undergoing routine medical check-ups due to ageing. Despite his health issues, Tata continues to participate in social life to the best of his ability, as seen through his recent Instagram post debunking the rumours and his congratulatory message to the Prime Minister on the 10-year anniversary of programs benefitting rural India.
Trent, backed by Tata, saw a promising start in the stock market today with a slight increase and subsequent decrease. However, the opening of its first Burnt Toast store in Surat, Gujarat shows the company's expansion into new markets. This, along with solid financial numbers in the first quarter, including a 38% jump in operating profit, indicate Trent's success in managing costs and meeting customer needs.
Gumroad CEO Sahil Lavingia discusses the unique approach of the platform, which prioritizes convenience and freedom for creators rather than rapid growth and profits. Lavingia's philosophy challenges the traditional methods used by other platforms and instead focuses on providing creators with a simple, easy-to-use sales tool. Despite criticism from investors, Lavingia stands by his belief that in the long run, creators should choose a platform that aligns with their own beliefs and values. As the creator economy continues to grow, Gumroad's unconventional approach may prove to be successful after all.
The Central Government is proposing significant tax reductions under the ongoing GST reform, including lowering the GST on cars with engine capacity below 1,800 cc from 28% to 18%. The uniform 5% GST rate for all food items and textiles is also under consideration. However, this has raised revenue concerns for states like Kerala, which could see an annual loss of up to ₹10,000 crore due to the proposed changes. While business and trade sectors welcome the potential decrease in prices, there is a need for the Centre to ensure protection of state revenues to avoid only benefiting consumers without any reduction in retail prices. The final decisions on these matters will be made by the GST Council during their meeting on September 3 and 4.
The Indian rupee is in for a tumultuous week as developments in U.S. trade policy dominate the market. With steep tariffs on Indian goods expected to come into effect and concerns over fiscal slippage, traders and investors will be closely monitoring key economic reports and updates. The initial support from Federal Reserve Chair Jerome Powell's potential rate cut announcement may be short-lived as the focus shifts to U.S. tariff developments.
Mark your calendars for the biggest day in tech! Apple has officially announced its fall hardware event, set to take place on Tuesday, September 9th at 10 a.m. PT / 1 p.m. ET, where we can expect to see the launch of the new iPhone 17 lineup, a possible sneak peek at a foldable device, and upgrades to the Apple Watch lineup. CEO Tim Cook has promised an "awe-dropping" event, with rumors suggesting a major redesign of the iPhone Air inspired by the MacBook Air. Don't worry if you can't make it to Cupertino, as Apple will be live streaming the event on its website. Stay tuned for all the exciting details!