THE BUZZ — BRIEFINGS

JIO’S METAVERSE

JIO PLATFORMS IS investing $15 million for a 25 per cent equity stake (on a fully diluted basis) in Pranav Mistry’s Two Platforms Inc. An artificial reality firm, TWO will help Jio fasttrack its adoption of tech such as AI, metaverse and mixed reality. “Going forward, this [partnership] would potentially result in new consumer as well as enterprise use contexts,” says Prabhu Ram, Head – Industry Intelligence Group, at CMR.

—NIDHI SINGAL

₹33K CRORE

FPIs NET SOLD ₹33,303 CRORE WORTH OF INDIAN SHARES IN JANUARY. THIS IS THE HIGHEST SINGLE-MONTH NET SALES BY FPIs SINCE MARCH 2020, WHEN THEY SOLD SHARES WORTH ₹61,973 CRORE

STRUCK BY LIGHT

Controller General of India (DCGI) has granted approval to the single-shot Sputnik Light vaccine for restricted use in emergency situations in India against Covid-19. With