A Dhan Dhana Dhan IPO for Jio

Akshara· Host0:00

[upbeat music] In today's episode, we'll break down two important stories. First, we'll talk about a Dhan Dhana Dhan IPO for Jio, and then we'll talk about whether India is ready for the Super El Nino. Welcome back to the Daily Brief by Zerodha, where we cut through the noise to help you understand what's actually happening in the most important stories from business and markets. I'm your host Akshara, and today is Tuesday, 23rd June. Before we start the show, we'd like to tell you about our new episode on Subtext. So the role of the dollar and its influence on global trade is a complicated story that has constantly changed over time. On Markets by Zerodha, we got Brad Setser to tell us how. Most of Twitter knows Brad is one of the sharpest voices on all things balance of payments, and he's a senior fellow at the Council on Foreign Relations. He also served at the US Treasury and the National Economic Council. So we recorded this conversation while the Iran war was unfolding and oil markets were watching the Strait of Hormuz, and not long after Trump and Xi had met in Beijing to negotiate a trade deal. We used the moment to ask him about the things he thinks about most, why the dollar is really strong, what an AI bust would do to it, how the manufacturing surpluses of China, Korea, and Taiwan quietly finance the American deficit, and what China would have to do to rebalance. The links to the podcast are in the description below. Coming to the first story. If there was one thing that the Indian capital markets were