reliance

Jio Financial, BlackRock to tap India’s wealth management market

Jio Financial Services, part of the Indian conglomerate Reliance, is forming a joint venture with U.S. asset manager BlackRock to set up a wealth management and broking business in India, the two firm

Amazon takes on India rivals with Bazaar, a low-cost fashion store

Amazon has quietly introduced a “special store” called Bazaar in India, featuring affordable and trendy fashion and lifestyle products, as it ramps up efforts against Walmart-owned Flipkar

Reliance-Disney India media merger to control 85% of streaming, half of TV audience

The merger of Indian media assets of Reliance, its portfolio Viacom18 and Disney will create an entity that captures 85% of the country’s on-demand streaming service audience and about half of t

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 j

Flipkart has weighed acquiring Reliance-backed instant delivery startup Dunzo

Indian e-commerce giant Flipkart has held discussions in recent weeks about potentially acquiring Dunzo, the hyperlocal delivery startup backed by Reliance Retail, three sources familiar with the matt

Reliance-backed Viacom18 agrees to buy 60% of Disney’s India unit, report says

Reliance-backed Viacom18 has reached an agreement to buy 60% of Disney’s India unit, WSJ reported Thursday citing unnamed sources, creating a pathway for the Indian conglomerate to form a $10 bi

Starlink-rival OneWeb scores approval to launch satellite broadband services in India

OneWeb India, the local subsidiary of low-earth orbit operator Eutelsat OneWeb, has received the necessary approval from the country’s newly created space regulatory body to launch its commercia

Bob Iger says Disney would like to stay in India, looking to strengthen hand

Bob Iger said Wednesday that Disney “would like to stay” in India and is considering its options in the world’s most populous country where its TV business continues to pull profit b

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

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 Authority investing

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, a

Indian fintechs amplify payments soundbox pitches to woo merchants

Some of India’s biggest fintech startups are making deeper inroads into soundboxes, unveiling a new push to the pocket-sized devices whose chimes are fast becoming the new “ka-ching”

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 ann

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 value in the dec

India’s Dunzo defers staff pay, to cut jobs amid funding search

Dunzo, a hyperlocal delivery startup in India, is postponing employee salaries for a month and plans a new wave of layoffs as soon as Thursday as the Google and Reliance Retail-backed startup pares it

Ambani’s Jio unveils $12 4G phone with digital pay and streaming

Reliance’s digital arm, Jio Platforms, has unveiled a new mobile handset and associated tariff plans, the latest in a series of years-long efforts from the top Indian telecom operator as it vies

Coupang says no plans to enter India

Coupang doesn’t plan to enter the Indian market, the company said, refuting a local media report that claimed that the South Korean e-commerce firm had expressed interest in entering the South A

Ambani’s Reliance targets Indian fashion e-commerce with low-cost model

Reliance Industries, run by India’s richest man Mukesh Ambani, is gearing up to deploy a winning strategy from its past playbook for the fashion market: low-cost products. Ajio, Reliance’s ret

Bernstein pegs Reliance as India’s eventual e-commerce kingpin

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 scath

The Shein-Reliance India alliance could offer inspiration for Chinese startups

Shein is partnering with Reliance to re-enter India, a strategy which, if proven viable, could set an example for startups grappling with the China backlash amid rising geopolitical tensions. The Chin
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