V Keshavdev

German mathematician and economist Joachim Klement created his World Cup forecasting model to showcase the absurdity of trying to predict outcomes. According to Klement, “luck” plays an equally important role in predicting outcomes and he was “lucky” to have predicted the FIFA World Cup winner for the past three editions of 2014, 2018 and 2022.

Joachim Klement isn’t a household name, but this German mathematician and economist- model had correctly predicted the previous three tournament winners and he now expects Netherlands to win the 2026 edition of the FIFA World Cup.

In a complete anti-climax to the narrative building on the Street that Reliance Jio public flotation will result in a massive outflow of dollars, Reliance Industries (RIL) today surprised the market with a draft red herring prospectus (DRHP) that reveals the company is raising money and not the other way around. The IPO from Jio Platforms Ltd is a 100% fresh issue with zero secondary sales: in other words, none of the company's marquee investors will cash out.