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  5. The Pivot That Could Make Or Break Jio's Multi Billion Dollar IPO | Markets Today #263

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The Pivot That Could Make Or Break Jio's Multi Billion Dollar IPO | Markets Today #263

Upstox
By Upstox News Desk

11m 52s | Updated on July 21, 2026, 12:50 IST

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SUMMARY

In this episode of Markets Today, we decode Jio's ARPU growth slowing to just 0.7% ahead of its mega IPO and why digital services are now key to future growth, India's plan to introduce ethanol as a cheaper LPG alternative with major benefits for sugar and ethanol companies, and how leveraged ETFs triggered a 16% crash in South Korea's market, forcing regulators to ban single-stock leveraged ETFs from August 5.

📌 In this episode of Markets Today — Jio's ARPU barely moved ahead of its mega IPO, India plans to bring ethanol into your kitchen as an LPG alternative, and one leveraged ETF crashed South Korea's market 16% in a week with 37 circuit halts.

#1 📱 Jio's IPO ARPU Problem ARPU: ₹214 → ₹215.6. QoQ growth: 0.7%. Easy gains saturated. 5G capex not monetising yet. Jio pivoting to digital services — streaming, cloud, IoT — as next growth engine.

#2 🍳 Ethanol In Your Kitchen 7 billion litres unused ethanol capacity. Ethanol as LPG alternative — policy coming. Ethanol ATMs, stove subsidy proposed. Saves ₹2L Cr in subsidies by 2050. Positive for Praj, BCL Industries, sugar companies.

#3 📉 The ETF That Crashed South Korea 2x leveraged ETFs on Samsung and SK Hynix. AI fades → stocks dip → forced selling → more selling. $5 billion dumped in hours. 37 circuit halts. 16% crash. Single-stock leveraged ETFs now banned from August 5.

About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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