Mukesh Ambani

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

Indian giant Jio makes cloud gaming push

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 sector: Gaming. JioGames, part of Reliance Ind

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 faster data in the world’s secon

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 a leadership transit

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-o

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. Years in

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. The joint venture a

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 to save the thir

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 on Tuesday. “India

India approves Reliance’s $3.4 billion deal with Future Group, brings new headache to Amazon

The Indian watchdog Competition Commission (CCI) of India said on Friday it has approved the $3.4 billion deal between the nation’s two largest retail giants, Future Group and Reliance Retail, posin

India approves Google’s $4.5 billion deal with Reliance’s Jio Platforms

India’s antitrust watchdog has approved Google’s proposed investment of $4.5 billion in the nation’s largest telecom platform Jio Platforms, it said in a tweet on Wednesday. Google announced in

Reliance’s fiber-optic business raises $1 billion from ADIA and PIF

Reliance Jio Platforms, the telecom venture run by India’s richest man (Mukesh Ambani), had 405.6 million subscribers in the quarter that ended in September, becoming the first operator outside

Reliance, Future Group ignore Amazon protest on $3.4B deal

Reliance Retail, India’s largest retail chain, said on Sunday evening that its proposed deal to acquire Future Group’s assets for a whopping $3.4 billion — against which Amazon has f

India’s Reliance Retail to acquire Future Group’s units for $3.4 billion

Reliance Retail, India’s largest retail chain, has found a much simpler way to expand its dominant position in the country: Acquire most of the second largest bricks-and-mortar retailer. On Saturday

TikTok-rival Triller inks deal with Reliance’s JioSaavn in India push

Triller, an app that functions similarly to TikTok, has inked a strategic partnership with a platform owned by India’s richest man to cash in on the Chinese app’s ban in its biggest international
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