iWorld
PM Modi gives voice to women on International Women’s Day through his social media handles
MUMBAI; You have got to hand it to the PM and his core communications management team. In a pioneering move to celebrate International Women’s Day, Narendra Modi handed over control of his substantial social media presence to six accomplished women (at least the ones we came across) from diverse fields, providing them a platform to share their stories and inspire millions across India.
The initiative saw Modi’s accounts temporarily managed by women who have broken barriers in rural entrepreneurship, disability advocacy, space science, nuclear technology, sports, and agriculture. Each shared personal journeys and messages reflecting India’s progress in women’s empowerment.
Frontier Markets founder & CEO Ajaita S highlighted her organisation’s work empowering rural women through financial inclusion and technology. “A financially empowered woman is a confident decision-maker, independent thinker, architect of her own future and a maker of modern India,” she wrote, emphasising how their ‘Meri Saheli App’ harnesses AI to support women entrepreneurs in agriculture, healthcare and financial literacy.
Samarthyam, Centre for Universal Accessibility founder Anjlee Agarwal used the platform to advocate for disability rights. “Forget labels, forget barriers…let’s strengthen Sugamya Bharat and make it an important precursor to a Viksit Bharat,” she urged, sharing her three decades of work on universal accessibility and inclusive mobility.
The scientific community was represented by two distinguished voices. Shilpi Soni, a space scientist with 24 years at Isro, shared her contributions to India’s communication and navigation missions, while Elina Mishra, a nuclear scientist from the Bhabha Atomic Research Centre, detailed her work in electromagnetic research and medical applications of nuclear technology for remote healthcare.
Chess grandmaster Vaishali Rameshbabu brought a sporting perspective, encouraging young women to pursue their dreams regardless of hurdles. “Sports is among the best teachers,” she noted, while praising India’s improving support system for women athletes.
From Bihar’s Nalanda district, Anita Devi shared how she established Madhopur Farmers Producer Co Ltd nine years ago, helping hundreds of women achieve financial independence through mushroom cultivation.
Political analysts view the Modi’s initiative as a strategic amplification of women’s voices across sectors critical to India’s development agenda. By temporarily ceding his immense digital reach—among the largest for any world leader—he has effectively showcased women’s contributions to nation-building while highlighting government initiatives supporting their advancement.
The diverse selection of women—spanning rural innovation, scientific research, disability advocacy, sports excellence, and agricultural entrepreneurship—reflects the multifaceted approach to women’s empowerment that the administration seeks to promote.
As India continues its economic and social transformation, this exercise underscores the increasing prominence of women’s leadership across domains once considered inaccessible to them, while simultaneously drawing attention to ongoing challenges.
The initiative has been widely praised for going beyond symbolic gestures to provide substantive visibility to women making significant contributions to India’s progress, reinforcing the message that women’s empowerment is integral to the nation’s development journey.
iWorld
Bill Ackman’s Pershing Square makes $64 billion bid to acquire Universal Music Group
Ackman pitches NYSE relisting plan as UMG board weighs unsolicited offer
The hedge fund has proposed a business combination that values UMG at €30.40 per share, representing a hefty 78 per cent premium to its current trading price. The offer includes €9.4 billion in cash alongside stock in a newly formed entity, with shareholders set to receive €5.05 per share in cash and 0.77 shares in the new company for each UMG share they hold.
Under the proposal, UMG would merge with Pershing Square SPARC Holdings Ltd and re-emerge as a Nevada-based entity listed on the New York Stock Exchange. The move is designed to boost investor visibility and potentially secure inclusion in major indices such as the S&P 500.
Pershing Square Capital Management ceo Bill Ackman argued that while UMG’s operational performance remains strong, its market valuation has lagged due to external factors. “UMG’s stock price has languished due to a combination of issues that are unrelated to the performance of its music business,” Ackman said, pointing to concerns ranging from shareholder overhang to delayed US listing plans.
Ackman also flagged what he sees as untapped potential in UMG’s balance sheet and a lack of clear capital allocation strategy. He added that the market has not fully recognised the value of UMG’s €2.7 billion stake in Spotify, alongside gaps in investor communication.
The proposed transaction would also result in the cancellation of around 17 per cent of UMG’s outstanding shares, while maintaining its investment-grade balance sheet. Pershing Square has said it will fully backstop the equity financing, with debt commitments secured at signing. The deal is targeted for completion by the end of the year.
UMG, however, has struck a measured tone. The company confirmed that its board has received the non-binding proposal and will review it with advisers. It reiterated confidence in its current strategy and leadership under Lucian Grainge, signalling no immediate shift in stance.
The proposal comes at a time when global music companies are navigating evolving investor expectations, streaming economics and capital allocation pressures. For Pershing Square, the bet is clear: sharpen the financial story, relist in the US, and let the music play louder in the markets.
Whether UMG’s board is ready to change the tune remains to be seen, but the spotlight on its valuation just got a lot brighter.
