Reliance, Disney may announce Star-Viacom18 merger this week
According to another person, Reliance may own 61% of the proposed combined company, with Disney holding 33% and Bodhi Tree Systems having the remaining 6%.
According to another person, Reliance may own 61% of the proposed combined company, with Disney holding 33% and Bodhi Tree Systems having the remaining 6%.
While Reliance Retail started in 2006, it overcompensated for its late entry by aggressively opening stores across formats. Reliance has over 18,774 stores across supermarkets, electronics, jewellery, and apparel space. It has also either partnered or acquired over 80 global brands, from Gap and Superdry to Balenciaga and Jimmy Choo. A diverse portfolio of brands across various segments through strategic partnerships and collaborations helps an entity like Reliance to leverage synergies and enhance retail presence, especially in malls, experts said.
Zee Entertainment Enterprises disputing its obligations to honour a $1.5-billion sub-licensing deal for the International Cricket Council (ICC) has raised the likelihood of an up to $2-billion downgrade of Disney Star by Reliance, on anticipated losses from the media rights agreement, people privy to the development told ET.
Earlier, stock exchanges announced to conduct a special live trading session on Saturday from the disaster recovery site. But, now as per the latest circular, regular trading activities will be performed on the primary site and there will be no switchover.
Earlier, Vi had told ET in November 2023 that Open-RAN (O-RAN) trials with US companies were being explored with an eye on deployment in the future. The telco has reportedly been holding trials with Mavenir for a 5G network based on O-RAN for a few circles and is in talks for equipment supply.
Vibrant Gujarat Summit: Reliance chairman Mukesh Ambani has revealed the company's five major commitments to drive Gujarat towards global leadership at the Vibrant Gujarat Summit. These commitments focus on transforming the state into a leader in green growth, utilizing the potential of 5G and AI technologies, creating more job opportunities, and promoting inclusive growth.
Mukesh Ambani, the chairman and managing director of Reliance Industries Ltd, has stated that the company will not become complacent and will strive to become one of the top 10 business conglomerates globally. He emphasized the need for continuous innovation and reinvention, aiming to consolidate a place among global leaders in digital data platforms and artificial intelligence adoption.
Kevin Mayer, a former Disney executive brought back in July by chief executive Bob Iger as an adviser to help him navigate the company’s legacy television business and the ESPN sports network and Manoj Modi, a close confidante of Ambani, were among those present in the meeting. Both have been negotiating for months now to finalise the term sheet document.
“…we hereby direct the respondent (read: Government of India) to adjust Rs 755.52 crore towards liability of this petitioner (read: Vi) for licence fee and towards spectrum usage charges (SUC) within 15 days from today,” the Telecom Disputes Settlement & Appellate Tribunal (TDSAT) said in an order, dated December 15, 2023.
Reliance Industries has partnered with DBS Bank India to launch a financing program for compressed biogas (CBG) plants. The collaboration aims to facilitate the development of an ecosystem for vendor partners to aggregate agricultural residue as inputs for Reliance's CBG production plants across India. The financing program is designed to make the CBG supply chain competitive and achieve enhanced commercial scale.
Sebi had alleged that Reliance Strategic Investments, along with Morgan Stanley France (MSF), had knowingly traded in the puts of strike price 11,400 PE at a discount of 15%, 35% and 37% to the intrinsic value of the put options on July 31, August 8, and August 10, 2017, respectively.