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.
The multi-year deal will give JioCinema's premium subscribers access to popular shows such as ‘Downton Abbey,’ ‘Suits’ and ‘The Office,’ the companies said in a joint statement.
The retail fuel joint venture of Reliance and BP is selling diesel at about 1 rupee a litre lower than that of state-run Indian Oil, Hindustan Petroleum and Bharat Petroleum.
The Italian term sprezzatura—a studied nonchalance that conceals intention—best captures the spirit of Trump’s foreign policy so far. The pattern is unpredictability, transactionalism, and disruption as diplomacy.
With 20.2 percent of its total loans in default by the end of last year, Bangladesh had the weakest banking system in Asia. Despite reforms, it will take time to recover.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
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