reliance industries

Reliance Industries Expands Media Empire: Acquires More Stakes in Viacom 18

Reliance Industries continues its expansion strategy by acquiring Paramount Global's entire 13.01% stake in Viacom 18 Media Private Limited. The deal, valued at approximately Rs. 4,286 crore (~$517 million), has been officially disclosed through a regulatory filing. It is...

Reliance Makes Another Move To Dominate the Indian OTT Landscape

Reliance Industries Limited, led by the ambitious Mukesh Ambani, is leaving no stone unturned to dominate India's entertainment space, encompassing both Over-the-Top (OTT) and Television distribution domains. In the latest development, Reliance is reportedly in discussions to acquire Disney's...

Jio Financial Services Shatters Records with 101% QoQ Surge in Net Profit in Q2 FY24, Unveils Grand Vision

Mukesh Ambani's recently established non-banking financial company (NBFC), Jio Financial Services (JFSL), released its Q2 FY24 financial results for the period ending on September 30, 2023. Just a few months after its demerger from its parent company, Reliance Industries,...

India’s Most Valuable Brands 2023: Reliance Jio enters the top 5 with a remarkable brand value of ₹490.3 billion

In the realm of rapid growth and limitless potential, India stands tall as one of the world's fastest-growing countries across various dynamic sectors, including technology, retail, FMCG, and more. Interbrand, the renowned brand consultancy worldwide, officially reveals the highly...

SEBI Slaps $5.5 Million Fine On Ambani Brothers And RIL

The Ambani brothers might have to shell out a pretty penny as past mistakes have come back to bite! The Securities and Exchange Board of India (SEBI) has fined Mukesh Ambani, Anil Ambani and 9 other individuals and entities for...

Ambani To Lock Horns With Musk Over Future Transportation Tech!

RIL Chairman and Asia’s richest man Mukesh Ambani has decided to lock horns with SpaceX and Tesla founder Elon Musk - the world's richest billionaire. Ambani, via RIL subsidiary Reliance Strategic Business Ventures has recently acquired a U.S. based Hyperloop-rival...

Does CCI Verdict On Reliance Future Group Deal Hints Who Will Have The Last Laugh?

Biyani's Future Group, Ambani's RIL, and Bezos' Amazon have been in a three-way dispute for the past month. This dispute was sparked in October when in a response to a deal between RIL and Future Group, Amazon sought the...

Facebook-Jio Deal: Pact for Limited Data Sharing Or Route For Repeat Offence?

Shades of Deja-vu? Seen this situation unfold before? Anybody can be forgiven for asking twice, but are we really buying Facebook’s limited data sharing claims, again? The much-celebrated Reliance Jio-Facebook deal is creating waves, still. Upon being questioned as to the...

₹90 Crore Per Hour: That’s What Mukesh Ambani Added To His Wealth During COVID Era

Today the "IIFL Wealth Hurun India Rich List 2020" was released and guess who kept maintained his position at the top for the ninth consecutive year? It’s Mukesh Ambani! The only Indian who is currently among the world’s top 5...

Is Netflix’s New Deal The Ticket To Its Success In The Indian Streaming Market?

Reuters reported yesterday that online video streaming titan Netflix is in the process of negotiating a multi-year deal with Indian media company Network18's joint venture with Viacom, Viacom18. It's interesting to note that Network18 is a unit of Mukesh...
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Elon Musk and Mukesh Ambani Are Joining Hands? A Game-Changing Alliance to Leave Competitors in the Dust

When the world's two most powerful and influential business tycoons join hands, something really enormous is supposed to happen....
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