iWorld
Twitter introduces new features for more interactive Cricket Season
KOLKATA: Microblogging site Twitter has added a couple of new features to create a more interactive experience for the platform’s users this cricket season for. Among the new features, Spaces, the social media giant’s new Clubhouse like feature, has generated a great deal of buzz among Tweeple.
With cricket being such a huge passion point on Twitter, teams have already started making the most of Spaces to connect with and engage fans on the service. Mumbai Indians (@mipaltan) recently hosted a Twitter Space with Zaheer Khan (@ImZaheer) – #TwitterSpaceWithZak – becoming the first sports club in the country to do so. The Space had Zaheer interacting with fans and sharing plans for the upcoming season.
Twitter has launched eight new jersey emojis for all the teams in English and six Indic languages. Fans can simply tweet with the team hashtags to unlock these emojis and participate in live conversations. Here are some of the hashtags that will unlock the team emojis: #IPL2021, #MumbaiIndians, #OneFamily, #WhistlePodu, #விசில்போடு, #WeAreChallengers, #HallaBol, #RoyalsFamily, #PunjabKings, #SaddaPunjab, #KKRHaiTaiyaar, #KorboLorboJeetbo, #YehHaiNayiDilli, #OrangeArmy, and more.
Topics allow people to follow conversations on specific subjects. Using machine learning, Topics pull out related tweets on a subject, letting people follow numerous interest categories. When you follow a Topic, you will see tweets from a number of accounts – whether you follow them or not – on the shared interest. Last year, Twitter introduced several Topics for cricket – one for the series and several others for all of the teams – so people can stay up-to-date with all conversations around cricket.
Additionally, there are Twitter Lists – a compilation of Twitter accounts, which lets people put together their favourite accounts to follow for tweets on a specific subject and populate a separate timeline for the List.
Mumbai Indians and Delhi Capitals will be hosting live shows to bring fans closer together. The shows will involve commentary and watching the game virtually along with a select group of fans every match day. Whereas, ESPN Cricinfo (@CricinfoHindi) will be sharing Hindi videos this season from their new Hindi handle.
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.
