Disney+ Hotstar logo is seen on a smartphone and flag of India on a pc screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Walt Disney and Indian conglomerate Reliance’s media merger will give back highly valuable cricket streaming rights to the U.S. firm in a country absolutely … Read more
Idrees Abbas | Lightrocket | Getty Images Walt Disney and Indian conglomerate Reliance will merge their Indian businesses, the U.S. entertainment giant announced Wednesday. The companies will be combining their respective Star India and Viacom18 units into the newly created Star India joint venture, valued at roughly $8.5 billion on a post-money basis, excluding synergies. The … Read more
Walt Disney Co. and billionaire Mukesh Ambani’s conglomerate have signed a binding pact to merge their media operations in India, creating a sector behemoth valued at $8.5 billion in one of the world’s fastest-growing entertainment markets. The US media company will control 36.84%, while Ambani-led Reliance Industries Ltd. will own 16.34% in the joint venture, … Read more
A worker pushes his bicycle under a line of cable trolleys transporting coal in Uttar Pradesh, India, on Nov. 19, 2021. Money Sharma | Afp | Getty Images There’s little doubt that India has made progress in its transition to renewable energy. The country’s leaders have been optimistic about its path to net zero, making … Read more
Abu Dhabi Investment Authority is investing $597 million in Reliance Retail, valuing the largest Indian retail chain at a whopping $100 billion. The investment follows KKR and Qatar Investment Authority together investing $1.7 billion in the Indian firm, which is part of Mukesh Ambani’s Reliance Industries. Abu Dhabi sovereign-wealth fund’s investment will fetch it a … Read more
There are about 250 million function telephone customers in India, and plenty of of them nonetheless use 2G telephones and just for voice calls, based on the Worldwide Information Company Indranil Mukherjee | Afp | Getty Photographs The world could also be transferring on to super-fast web speeds on 5G and even 6G, however lots … Read more
JioMart, Reliance Retail’s on-line procuring platform, has laid off over 1,000 staff and plans to chop as many as 9,900 extra roles over the approaching weeks, in keeping with a report, because the Indian retail big appears to enhance its margins. The shakeup, reported by the Indian every day Financial Occasions, comes within the wake … Read more