Monday, 27 June, 2022
TopicMukesh Ambani

Topic: Mukesh Ambani

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.

Grab some popcorn: This billionaire rivalry is getting intense

Mukesh Ambani & Gautam Adani tiptoed around each other for years to reach the top two rungs of Asia’s wealth ladder, but a confrontation between them now looks almost guaranteed.

Mukesh Ambani’s Reliance Jio plans satellite broadband connectivity rivaling SpaceX, OneWeb

Jio Platforms has entered into a joint venture with Luxembourg-based SES to deliver the next generation scalable and affordable broadband services in India.

On Camera

YourTurn

The great paradox of Indian democracy: citizen uprisings but no opposition

India is a site of both institutional decay and civic reclamation. What is missing is an outfit that can sublimate the dispersed fury into disciplined political agitation.
Representational image | Commons

G7 ban on new Russian gold imports ‘largely symbolic’, may not have major impact

The US, UK, Japan and Canada plan to announce the ban during the G7 summit that started Sunday in Germany. Flows have already been restricted by previous sanctions.

Defence

The Indian Air Force logo | Commons

Almost 4,000 enrol for IAF’s Agnipath recruitment scheme on day 1 of online registrations

These registrations pertain to the Indian Air Force's Agniveer Vayu programme. The online portal for the first phase was opened at 10 am Friday, and will close on 5 July.

With Agnipath, Modi govt’s shock & awe doctrine may have misfired a vital reform, yet again

Modi govt's biggest flaw has been its disinclination to accept limitations of electoral majorities. This ruined land acquisition and farm reform, stalled labour codes.
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