Mukesh Ambani
Ambani’s Reliance fires opening salvo in fintech battle, launches JioFinance app
With JioFinance, the Indian tycoon Mukesh Ambani is making his boldest consumer-facing move yet into financial services.
India’s JioCinema offers Hollywood streaming for a penny a day to box out Netflix and Prime Video
JioCinema introduced new monthly subscription plan on Thursday, with the lowest tier costing just 35 cents.
Ambani’s Reliance and Disney merge India media assets to form $8.5B joint venture
Reliance, its portfolio Viacom18 and Disney are merging their media businesses in India, creating the largest media entity in the world’s most populous nation. Reliance, which will control the joint…
Accel, an early investor in Indian e-commerce giants Flipkart and Myntra, is preparing a new fashion e-commerce bet in India even as competition intensifies with the recent expansion of Mukesh…
‘Sign from the Lord’: Sony tells Zee it’s terminating the $10B India merger
Sony called off the merger between its India unit and Zee Entertainment on Monday, ending a two-year acquisition deliberation that would have created a $10 billion media powerhouse in the…
Disney’s Hotstar draws 59 million concurrent viewers, setting new record
In India, few events garner as much attention as a cricket game. And there’s no match for a World Cup final. The Sunday game topped 59 million concurrent viewers, shattering…
Reliance nears deal to acquire Disney’s India business, report says
Reliance is nearing a deal to acquire Disney’s India business, according to a report, as Mukesh Ambani’s oil-to-telecom empire eyes broadening digital and television assets. Disney values its India business…
Ambani’s Jio Financial launches lending and insurance businesses
Jio Financial Services, the Indian conglomerate Reliance Industries-backed financial services firm, has started its lending and insurance businesses and plans to rapidly broaden its offerings as billionaire Mukesh Ambani expands…
India-Pakistan cricket match helps Disney’s Hotstar set global streaming record
In India, few events garner as much attention as a cricket game. A high-profile match between neighbors India and Pakistan delivered a much-needed break for Disney’s Hotstar, which has lost…
Abu Dhabi sovereign-wealth fund invests nearly $600M in Reliance Retail at $100B valuation
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…
KKR invests $250 million in Reliance Retail at $100 billion valuation
KKR is doubling down on its bet in Reliance Retail, valuing India’s largest retail chain at $100 billion in a fresh $250 million investment. The deal follows the Qatar Investment…
India’s Reliance partners with Nvidia to build large language model
Reliance Industries’ Jio Platforms has partnered with GPU giant Nvidia to work on building a large language model that is trained on India’s diverse languages, the two firms said Friday,…
Reliance’s financial services unit to offer insurance, merchant lending
Jio Financial Services, the financial services unit of Mukesh Ambani-run Indian conglomerate Reliance Industries, plans to expand to merchant lending and insurance, Ambani said at Reliance’s annual general meeting in…
Reliance appoints Ambani’s children to board in succession plan
Mukesh Ambani will lead Reliance Industries for five more years and groom and mentor his children to take the $200 billion Indian oil-to-telecom giant to greater heights of growth and…
Qatar fund invests $1B in Ambani’s Reliance Retail at $100B valuation
Qatar’s sovereign wealth fund is investing $1 billion in Reliance Retail as India’s largest retail chain looks to expand its operations and enter new categories. The Qatar Investment Authority’s check…
BlackRock and Reliance’s finance unit to form asset management venture
The world’s largest asset manager is re-entering India — and it’s doing so in a partnership with Asia’s richest man. Jio Financial Services and BlackRock have struck a deal to…
The Indian conglomerate Reliance is poised to outpace Amazon and Walmart-backed Flipkart in the race for the country’s $150 billion e-commerce market, analysts at Bernstein projected in a scathing report to…
Disney’s Hotstar loses 8.4 million subscribers as Ambani’s JioCinema ascends
Disney, the global entertainment conglomerate operating a variety of streaming platforms, suffered a 2% contraction in its total subscriber base for the quarter ending March this year. The decline is…
Ambani and James Murdoch bring HBO content to India
Warner Bros. Discovery has partnered with Mukesh Ambani-backed Viacom18 to bring HBO and other movies and shows from the WB catalog to India in a major win for the Reliance…
James Murdoch’s fund slashes investment in Reliance-backed Viacom18
James Murdoch’s venture fund Bodhi Tree slashed its planned investment into Viacom18 to $528 million, down 70% from the committed $1.78 billion, the two said late Thursday as the weakening…
Featured Article
Ambani bats for cricket glory as Disney scales back in India
Mukesh Ambani’s Jio, the South Asian telecom powerhouse, has long sought to entice its customer base with a plethora of services aimed at boosting subscriber retention. Despite amassing over 425 million customers and claiming the mantle of India’s top network provider—due in large part to its aggressively competitive data pricing—Jio’s…
Reliance Retail, India’s largest retail chain, will start accepting retail payments in digital rupee in a move that could supercharge the adoption of the country’s recently launched CBDC. The Mukesh…
Mukesh Ambani, one of Asia’s richest men, has made a splash in many industries over the past three decades. It now appears he has set his eyes on a new…
India receives $18 billion bids for 5G auction, expects rollout in September
India received bids worth $18 billion on the first day of an auction for the 5G airwaves from tycoons including Mukesh Ambani and Gautam Adani as the race begins for…
Mukesh Ambani steps down from Reliance Jio, son named chairman
Akash Ambani, the eldest son of Indian tycoon Mukesh Ambani, has been named as the chairman of Reliance’s digital empire Jio in what analysts view as a clear illustration of…
Featured Article
Indian giant Tata takes on Amazon and Ambani’s Jio with super app Tata Neu
The Indian conglomerate Tata Group, a $103 billion company whose business spans multiple industries from salt and software to telecom and steel, is ready to embrace consumer technology. The 154-year-old giant has been working – and internally testing – its audacious plan to offer a range of services from e-commerce…
Indian giant Tata Group to debut super app on April 7
Indian conglomerate Tata Group plans to debut its long-anticipated “super app,” called TataNeu, to the public on April 7, the company has disclosed on its app and Play Store page.…
Reliance to invest $221 million for electronics manufacturing with Sanmina in India
Reliance Industries plans to invest up to $221 million in U.S. electronics firm Sanmina to set up a joint venture as the Indian giant looks to expand its electronics manufacturing.…
India to own 35.8% in Vodafone Idea after conversion of dues
Vodafone Idea said on Tuesday it is giving the Indian government a 35.8% stake in the company after its board approved conversion of dues and spectrum auction installments into equity…
Reliance’s Jio Platforms says it will roll out 5G in second half of 2021
Reliance’s Jio Platforms, the largest telecom operator in India, plans to roll out a 5G network in the country in the second half of 2021, top executive Mukesh Ambani announced…
