Month: November 2024

Reliance and Disney complete transaction to form JV; Nita M. Ambani to be Chairperson

The transaction values the JV at ₹ 70,352 crore (~US$ 8.5 billion) on a post-money basis, excluding synergies. At the closing of the transactions noted above, the JV is controlled by RIL and owned 16.34% by RIL, 46.82% by Viacom18 and 36.84% by Disney.

Nita M. Ambani will be the Chairperson of the JV, with Uday Shankar as Vice Chairperson providing strategic guidance to the JV. Reliance has invested Rs 11,500 crore growth capital in the Joint Venture.

AVGC 2.0 policy to be implemented by January’25 | Intel’s Roshni Das quits | RMG sector to be regulated by MeitY

Telangana IT Minister, D. Sridhar Babu confirmed the development to Storyboard18, during a press meeting at the 16th edition of the India Game Developer Conference (IGDC) which is being organised by the Game Developer Association of India (GDAI). The conference is taking place from November 13-15 at the Hyderabad International Convention Centre (HICC).

Storyboard18 brings you top five news updates from the world of advertising, marketing and business of brands.

EXCLUSIVE: AVGC 2.0 policy to be implemented by January’25: Telangana IT Minister

Telangana IT Minister, D. Sridhar Babu informed the media that the state is also pitching to have a Center of Excellence in Telangana.

Telangana IT Minister, D. Sridhar Babu told Storyboard18 that AVGC 2.0 would be more attractive for start-ups and for innovation, at an event. He also said that responsible gaming and ethical considerations will be kept in mind while framing the policy.

Pankaj Tripathi chosen as brand ambassador for Madhya Pradesh Tourism

Having spent significant time exploring the state, Pankaj Tripathi highlighted its natural beauty, historic architecture, and rich biodiversity.

In partnership with the Stree 2 actor, Madhya Pradesh Tourism aims to draw global and domestic travellers to its UNESCO World Heritage sites, wildlife sanctuaries, and rich cultural landmarks.

Physics Wallah appoints Blinkit’s Amit Sachdeva as CFO

(L-R) Alakh Pandey (Founder & CEO, Physics Wallah ), Amit Sachdeva (CFO, Physics Wallah) and Prateek Maheshwari (Co-Founder, Physics Wallah).

Amit Sachdeva is a Chartered Accountant from the Institute of Chartered Accountants of India and a Certified Public Accountant in the USA.

KL Rahul backed fitness brand Boldfit secures INR 110 crore in Series-A funding

In a market dominated by foreign fitness brands, Boldfit has carved a space for itself by focusing on accessible, high-quality fitness products tailored to meet the diverse needs of Indian consumers.

The fresh capital aims to accelerate Boldfit’s product innovation, broaden its market footprint, and strengthen its mission to build a distinctly Indian fitness brand in a market largely led by international players.