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