iWorld
Big Boy Toyz partner with Dharmatic Entertainment for Netflix
MUMBAI: Dharmatic Entertainment and Big Boy Toyz, Delhi’s most trusted pre-owned luxury cars hub, partnered for former’s action film on Netflix. The film, Drive, showcased some of the best keeps of Bog Boy Toyz that were used in many high-speed chases and over-the-top stunts.
Karan Johar has had a track record of making top-notch films and telling stories that resonate with people from all around the world. As for Netflix and Dharma Productions, their relationship is even stronger. Both Netflix and Johar have been working together since 2018, starting with the film Lust Stories and going on to create other much-loved films such as Ghost Stories and Guilty.
Big Boy Toyz Founder and MD Jatin Ahuja said, “For us, this was a breakthrough since partnering with Karan who has an innate sense of what people want to see on screen helped us offer our best performances. I was and I am super excited about this opportunity and the kind of possibilities it holds for our franchise in the Bollywood industry.”
Written and directed by Tarun Mansukhani and led by Sushant Singh Rajput and Jacqueline Fernandez, the film is spin chilling rough thriller that can drive even the most undemanding Bollywood fan up the divider with its blend of speed, lust for money and crazy pursuits. It is the kind of film where a variety of luxury cars have no issue in placing the actors and actresses on-screen in the shade. A sizeable level of the film's chief characters is either renowned racers in their big toys or are individuals who hold the aspiration become one.
In all, it is a wild combination of India’s greatest storytelling franchise and a popular retail brand for pre-owned luxury cars and the same could be see in the movie sequences as well.
iWorld
Jio IPO faces delay as India yet to clear listing rule changes
Proposed rule change allows mega IPOs to float just 2.5 per cent
MUMBAI: The Indian government’s delay in formalising changes to listing rules may derail the targeted timeline for the initial public offering (IPO) of Jio Platforms, the digital arm of Reliance Industries controlled by billionaire Mukesh Ambani.
According to media reports, Reliance is awaiting formal notification of regulatory amendments before appointing investment bankers and filing a draft IPO prospectus. The company is now aiming to submit the draft prospectus before April, depending on when the government issues the notification.
Jio, which owns India’s largest wireless operator, is widely seen as one of the crown jewels of Ambani’s business empire. Its listing, the first public offering of a major Reliance unit in nearly two decades, could become the country’s biggest ever IPO.
Investment bankers have proposed a valuation of as much as $170 billion for the company. Even the minimum stake sale could raise roughly $4.3 billion, potentially placing Jio among India’s most valuable listed companies.
Ambani had earlier said that Reliance was targeting a listing of Jio in the first half of 2026, a plan first outlined in 2019 with a five-year timeline. In 2020, global technology groups Meta Platforms and Alphabet invested more than $10 billion combined in the company.
The delay stems from pending regulatory changes approved by the Securities and Exchange Board of India in September. The amendments allow companies with a post-issue market capitalisation exceeding Rs 5 trillion (about $55 billion) to float as little as 2.5 per cent of equity in an IPO, compared with the current 5 per cent minimum.
Such changes are expected to enable mega listings, including potential offerings by Jio and the National Stock Exchange of India. However, the reforms still require formal notification from the government.
Meanwhile, the National Stock Exchange is moving ahead with plans to raise as much as $2.5 billion through its own IPO and has recently invited banks to pitch for roles in the offering.
