The market regulator charged them with diversion of funds; also fined Ambani $3 million for orchestrating a scheme to ‘siphon off’ funds from Reliance Home Finance Ltd.
The merged company, majority-owned by Mukesh Ambani’s Reliance, would control cricket broadcast rights, sparking concerns over pricing power and dominance in advertising.
Competition Commission of India has asked companies to explain within 30 days why probe should not be ordered. Antitrust experts had warned the merger could face intense scrutiny.
Report by research firm Jefferies says the power sector would be key for the future growth of the data centre industry, not just in India, but globally as well.
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.
The media unit of Reliance, controlled by Mukesh Ambani, and its affiliates are expected to own at least 61% of the merged entity, with Disney holding the rest, the report said.
Wherever the dust settles on the debates, one hopes that organisations will be mindful of the ethical implications of these technologies and deploy them responsibly.
Reliance values Disney's India assets, which comprises the Disney+ Hotstar streaming service and Star India, at between $7 billion and $8 billion, the report said.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
Capable of being fired in plain and high-altitude areas, it has day-and-night capability and two-way data link to support post-launch target, aim-point update.
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
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