Tag: Media

Why Mukesh Ambani is betting on Reliance Retail to spearhead RIL’s future growth

As of FY23, the retail business contributed 12 percent to the group’s EBITDA, up from 7 percent in FY19. This growth has been gradual in case of retail compared to Jio (from 17 percent in FY19 to 34 percent in FY23). (Image sourced via Forbes India)

RIL is banking on India’s per capita growth to lead its retail business’ explosive growth. India’s per capita income will likely hit $10,000 by 2050, going by the trend in the last 10 years. Ambani expects its retail business to ride this growth.

Punit Goenka’s SEBI order appeal set for SAT hearing on September 8

The regulatory body’s investigation into Zee founders, primarily focusing on Subhash Chandra and Puneet Goenka, reportedly uncovered the potential diversion of approximately Rs 20 billion ($241 million) from the company. This figure is roughly ten times larger than SEBI's initial estimates, raising concerns about financial irregularities within Zee. (Image sourced via CNBC TV-18)

In April, SEBI issued an interim order, barring Subhash Chandra and Punit Goenka from key positions in any listed company.

India’s total internet subscribers touched 881.25 million in March 2023: TRAI

These findings come on the heels of HCLTech's strategic brand transformation efforts initiated 15 months ago. (Representative image by Kelvin Han via Unsplash)

Out of 881.25 million internet subscribers in India, the number of wired internet subscribers is 33.94 million and the number of wireless internet’ subscribers is 847.31 million.

Realistic bids expected for BCCI media rights, experts predict shift from past extravagance

Last year, the Bombay High Court directed the BCCI to seek the opinion of the Supreme Court regarding the issue (Image source (from left to right): Moneycontrol and Unsplash)

Even with BCCI presenting two separate packages for TV and digital, the list of contenders is short. Disney Star, Sony Sports and Viacom18 are said to be the three participants in the bidding.

What did Mukesh Ambani say about Moneycontrol, firstpost & News18 brands?

Mukesh Ambani mentioned that Network18’s home-grown digital news platforms Moneycontrol and Firstpost are striving to set benchmark globally every single day.

Mukesh Ambani spoke about Reliance’s media business Network18’s growth and performance. He said that similar to the other companies under the Reliance umbrella, Network18 too has made great progress to become the top news network in India.

JioCinema has now become India’s largest digital entertainment destination: Mukesh Ambani

Commenting on the results, Mukesh Ambani, Chairman and MD, RIL said: “...All segments have posted a robust financial and operating performance. This has helped the Company achieve multiple milestones."

JioCinema will soon be launching more features like multi video, picture in picture and multilingual support for Indian languages.

Reliance AGM: Reliance Retail among the top 10 most-visited retailers in the world

This valuation is higher than the Rs 8.27 lakh crore valuation bestowed on Reliance Retail three weeks ago when Qatar’s sovereign investment fund QIA picked up a 0.99 stake in the company for Rs 8,278 crore. (Images sourced via Forbes India)

Marquee investors have shown interest in Reliance Retail, says Mukesh Ambani. Key updates from Reliance Industries’ 46th Annual General Meeting (AGM).