Mukesh Ambani

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

Accel eyes new India fashion e-commerce bet with Newme

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 Ambani&

‘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 South Asian

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 the 53 million miles

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

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 billi

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 over

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 Authori

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

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

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 Autho

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

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

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 joint venture’s servi

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 global ec

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

India’s retail giant Reliance to accept CBDC at stores

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 Muke
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