iWorld
Arvind Kejriwal on The Viral Fever
MUMBAI: Delhi has decided its next Chief Minister in Arvind Kejriwal and the man of the moment will soon feature on multi channel network – The Viral Fever’s show Barely Speaking, on Monday, 16 February.
Speaking about its achievements, The Viral Fever founder & CEO Arunabh Kumar said, “We at the Viral Fever are committed to bring out the best content for our eager audiences. We strive to reach out to an entirely resonated audience with what I have personally believed all my life-common Indian man needs to be parodied the most. With Arvind Kejriwal deciding to join us, it proves that we have been able to disseminate great content experiences to young Indians in the digital era.”
“Viewers will be able to see Kejriwal in a never seen before avatar and I am confident that they will be equally impressed beyond doubt. Our satire based programming has always been thought provoking in the past and who better than Kejriwal whose symbol is the humble broom, to strike a meaningful conversation with us,” Kumar added.
Setting another precedent for the genre, it is for the first time that a distinguished and influential politician from the country will be seen gracing a satire show on an Indian online network. Audiences will be able to view previously unseen facets of the man, more popularly and seriously known as the ‘muffler man’ as he gets set to be grilled by show host Arunabh.
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.
