Stories
Jio Platforms IPO Breaks Records and MIB Raises AI Concerns for TV
- •Jio Platforms achieved a historic milestone as its ₹30,213-crore IPO was fully subscribed in under 100 minutes on October 21.
- •Eternal reported a 41.2% year-on-year increase in advertising and sales promotion expenses to ₹1,138 crore in Q2 FY27.
- •The Ministry of Information and Broadcasting advised private satellite TV channels to use artificial intelligence strictly in an assistive capacity.
- •The BCCI is evaluating the separation of IPL clips and highlights to unlock fresh revenue amid shifting media rights economics.
- •Netflix reduced its 2026 ad revenue forecast to $2.7 billion while posting a Q3 revenue rise to $12.9 billion with strong India growth.
Key Questions Answered
Jio Platforms launched its ₹30,213-crore initial public offering on October 21, 2026, making it India's largest-ever IPO. It also became the fastest major IPO to be fully subscribed, reaching full subscription in under 100 minutes and outpacing previous offerings like Hyundai Motor India and LG Electronics India.
Eternal reported a 41.2% year-on-year increase in advertising and sales promotion expenses, reaching ₹1,138 crore in the September quarter of FY27 compared to ₹806 crore in the previous year. For the first half of FY27, its expenses totaled ₹2,083 crore.
The Ministry of Information and Broadcasting (MIB) has advised private satellite television channels to restrict the use of artificial intelligence and generative AI strictly to an assistive capacity in news broadcasts. The ministry cautioned that AI must not compromise the accuracy, authenticity, or sensitivity of the news content.
