Thursday, 7 July, 2022
TopicMukesh Ambani

Topic: Mukesh Ambani

How Mukesh Ambani will split his empire to avoid father’s ‘folly’

Ambani this week put in motion his own succession plan -- eldest Akash to helm Jio, twin Isha expected to head retail while youngest Anant to preside over oil-to-chemicals business.

Mukesh Ambani names son Akash Ambani successor of Jio, appoints him chairman of the board

Akash Ambani, non-executive director of the country’s top wireless carrier, was appointed chairman after Mukesh Ambani resigned from the board.

Mukesh Ambani’s consumer empire gets a cricket spin after bagging IPL digital rights

Beating Amazon, Disney and Sony to the Indian Premier League was only half the battle. Now the world’s seventh-richest man needs to work out how to make money from it.

Mukesh Ambani’s Viacom18 beats media giants to win IPL streaming rights in bidding war

From Walt Disney to Sony, Viacom18 — a joint venture between Paramount Global & Ambani’s RIL — outbid all to bag the streaming rights, while Disney acquired the TV broadcast rights.

Amazon plans to exit $7.7 Billion race for IPL streaming rights

Amazon’s surprise pullout leaves the field open for Ambani’s Reliance, Disney & Sony Group, who’re betting the game will help them dominate an Indian consumer market increasingly going online.

Gautam Adani vs Mukesh Ambani: India’s billionaire race sees one tycoon pulling away

Ambani is aiming for consumers while Adani is sticking mostly to infrastructure, which helps India generate fiscal resources by monetising public assets and also as a foreign-policy tool.

Gautam Adani and Mukesh Ambani reap benefits from surging oil & coal

Adani’s conglomerate is expanding a controversial mine in Australia to meet demand. While Ambani is snapping up distressed crude-oil cargoes at discounts to feed Reliance's refining complex.

A creditor revolt scuttled Mukesh Ambani’s $3.2 billion deal with Future Retail

Debt-laden Future Retail's offshore bondholders were promised 100% payment in the rescue offer from Ambani but Indian lenders were asked to take a haircut of as much as 66%.

Elon Musk tops Forbes 2022 rich list, Mukesh Ambani 10th, followed by Gautam Adani

The top 10 Indians in the Forbes list also include Shiv Nader, Cyrus Poonawalla, Radhakishan Damani, Lakshmi Mittal, Savitri Jindal, Kumarmangalam Birla, Dilip Sanghvi and Uday Kotak.

Jeff Bezos poised to clash with Mukesh Ambani over IPL telecast rights

For the first time, the rights to broadcast IPL matches on television and to stream them online will be sold separately, opening the door to Amazon and its Prime video service.

On Camera

YourTurn

Mamata Banerjee holding a rally in Kolkata, kali

Bengal has many Kalis, but TMC can’t accommodate them anymore. UP, Haryana is in the way

Moitra, TMC leadership need to have a conversation. And send everyone else a memo: Protecting Bengali identity is not the party’s only line anymore.
Illustration by Soham Sen

Keep calm and carry on: Unlike wheat, rice isn’t hot yet

The world is worried that India might restrict exports of rice after wheat, pushing prices higher and worsening global food security.

Defence

Air Commodore Sanjay Sharma pose with daughter Flying Officer Ananya Sharma in front of the fighter aircraft | Twitter/@DefencePRO_Guj

In a first in IAF, father-daughter fly in same fighter formation as fellow wingmen

Daughter of Air Commodore Sanjay Sharma, Flying Officer Ananya Sharma is currently undergoing training to master ‘superior and faster’ jets.

Moral, political & ideological questions on Maharashtra: 1st is simplest to answer, 3rd trickiest

What is Shiv Sena’s ideology? We might say it’s been a convenient mix of extreme ethnic chauvinism & unforgiving Hindutva. Within the second, the party retained space to manoeuvre.
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