The merged company, majority-owned by Mukesh Ambani’s Reliance, would control cricket broadcast rights, sparking concerns over pricing power and dominance in advertising.
Reliance will infuse $1.4 billion in the merged entity, with the company and its affiliates holding a more than 63% stake. Disney will hold about 37%, the companies said in a joint statement.
Sharmila also announced the merger of her YSR Telangana Party with Congress. She founded the outfit after parting ways with her brother, Andhra CM Jagan Reddy, in July 2021.
Report comes day after Sony Pictures Entertainment said it took country's markets regulator's order banning Zee Entertainment CEO from holding board positions 'seriously'.
Existing officers would continue in their departments, while the new officers could be recruited into a common IRMS. Railways spokesperson says matter is being deliberated upon.
Railways Minister Piyush Goyal met officers of different railway services Wednesday to address concerns over proposed merger, find ways to bypass hurdles.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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