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.
Reliance recently launched the JioBook, which costs less than Rs 20,000 and is made in China. If Reliance needs to import even half a million units of this device, it will now require a licence.
Since 1979, Iran has used the Palestinian issue as a façade for its regional agenda to oppose American diplomacy, the Western world, and the existence of Israel.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.
Congress is silently acknowledging it over-read verdict of last general election. You can see it in easy concession to SP. It will likely be more reasonable in Maharashtra & Jharkhand.
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