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.
RIL is in the middle of a Rs 6 trillion clean-energy push. So, it makes sense for Ambani to back a technology that’s as cheap as traditional lead-acid batteries.
Mukesh Ambani, Asia’s richest person, is investing in technology as competition from rivals such as Amazon intensifies in India’s booming e-commerce market.
With two hostile neighbours in the immediate vicinity and one in the greater region, it is imperative that New Delhi forge alliances that can offer some stability.
Recommendations appear in Niti Aayog’s Tax Policy Working Paper Series–II. It says there is a need to shift away from fear-based enforcement to trust-based governance.
In service with the British military since 2019, it is also known as the Martlet missile. Ukrainians have also deployed these missiles against Russian troops.
Education, reservations, govt jobs are meant to bring equality and dignity. That we are a long way from that is evident in the shoe thrown at the CJI and the suicide of Haryana IPS officer. The film Homebound has a lesson too.
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