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India`s Jio Payment Solutions gets cenbank nod as online payment aggregator India's Jio Payment Solutions, a wholly-owned subsidiary of billionaire Mukesh Ambani-led Reliance Group firm Jio Financial Services, has received the central bank's approval to operate as an online payment aggregator, Jio Financial said on Tuesday. A payment aggregator is a third-party service provider that enables customers to make and businesses to accept payments online. Payment aggregators enable their clients to accept various payment methods such as debit cards, credit cards...
India`s Jio Payment Solutions gets cenbank nod as online payment aggregator
India`s Jio Payment Solutions gets cenbank nod as online payment aggregator
Source: Reuters
2024-10-29 05:18:58 pm
Indian news broadcaster NDTV posts Q2 loss as operating, production costs weigh  India's New Delhi Television (NDTV) posted its fourth-straight quarterly loss on Wednesday, as the news broadcaster's expenses surged. The company, 64.7% of which is owned by ports-to-energy conglomerate Adani Group, reported a loss of 527.7 million rupees ($6.28 million) for the July-September quarter, compared to a profit of 59.1 million rupees in the year-ago period. NDTV's total expenses surged 76% on the back of a jump in operating as well as production and market...
Indian news broadcaster NDTV posts Q2 loss as operating, production costs weigh
Indian news broadcaster NDTV posts Q2 loss as operating, production costs weigh
Source: Reuters
2024-10-23 04:35:48 pm
India`s Jio Financial in talks with Allianz for insurance partnership, Bloomberg News reports The Mukesh Ambani-led Reliance Group firm Jio Financial Services is in talks with Germany-based Allianz SE to set up an insurance partnership in India, Bloomberg News reported on Wednesday. Allianz and Jio are looking to set up a general insurance and a life insurance company in India, the report said, citing people familiar with the matter. The report did not mention further details on the potential deal. This comes a day after one of India's biggest private insurers, Bajaj Finserv...
India`s Jio Financial in talks with Allianz for insurance partnership, Bloomberg News reports
India`s Jio Financial in talks with Allianz for insurance partnership, Bloomberg News reports
Source: Reuters
2024-10-23 11:03:52 am
Exclusive-India`s Reliance Infra weighs EV push, taps ex-BYD exec, sources say India's Reliance Infrastructure is considering plans to manufacture electric cars and batteries, and has hired a former India executive at China's BYD Co to advise on its plans, two sources briefed on the matter told Reuters. The company, part of Anil Ambani's Reliance Group, has hired external consultants to conduct a "cost feasibility" study for setting up an EV plant with an initial capacity of about 250,000 vehicles a year, to be scaled up to 750,000 over some yea...
Exclusive-India`s Reliance Infra weighs EV push, taps ex-BYD exec, sources say
Exclusive-India`s Reliance Infra weighs EV push, taps ex-BYD exec, sources say
Source: Reuters
2024-09-06 04:28:26 pm
Sporting goods retailer Decathlon to invest $111 million in India expansion plan  French sporting goods retailer Decathlon said on Wednesday that it will invest 100 million euros ($111 million) in India over the next five years to expand its store count and manufacturing in what is one of its key markets. The retailer, which entered India in 2009, sells a host of sports accessories ranging from footballs and yoga mats to bicycles and exercise equipment, cashing in on the growing interest in fitness and an active lifestyle. Decathlon competes with Nike, Adidas, ...
Sporting goods retailer Decathlon to invest $111 million in India expansion plan
Sporting goods retailer Decathlon to invest $111 million in India expansion plan
Source: Reuters
2024-08-22 11:29:05 am
TIME recognises Reliance Industries as one of world`s most influential companies Reliance Industries was included in the prestigious TIME’s list of 100 World’s Most Influential Companies of 2024 under the ‘Titans’ category. This was the second time Reliance Group’s revolutionary work was recognised by TIME. Jio Platforms was included in the inaugural TIME 100 Most Influential Companies List of 2021. This gives Reliance the unique distinction of being the only Indian company to win the recognition twice. TIME called Reliance Industrie...
TIME recognises Reliance Industries as one of world`s most influential companies
TIME recognises Reliance Industries as one of world`s most influential companies
Source: IANS
2024-05-31 10:13:11 am
Jio Financial plans $4.33 billion deal with Reliance Retail Jio Financial Services (JFS) is seeking shareholder approval for its unit to acquire equipment worth 360 billion rupees ($4.33 billion) from the retail arm of Reliance Industries as the financial services provider plans to enter the device leasing business, a postal ballot notice said. Under the proposed deal, the JFS unit called Jio Leasing Services will buy telecom equipment and devices that usually include routers and cell phones. The JFS subsidiary will rent out the equipment it buy...
Jio Financial plans $4.33 billion deal with Reliance Retail
Jio Financial plans $4.33 billion deal with Reliance Retail
Source: Reuters
2024-05-24 04:17:44 pm
Reliance-Disney India merger draws Nita Ambani back to business spotlight The Reliance-Disney India merger has attracted Nita Ambani, wife of Reliance boss Mukesh Ambani, back into mainstream business as the new company's chair, where her experience in arts and sports, and ties with Bollywood could come in handy. Reliance and Disney said on Wednesday they would create a $8.5 billion TV and streaming juggernaut in India, setting the stage for fierce rivalry with likes of Japan's Sony, Netflix, and Amazon's Prime Video. Nita Ambani's appointment...
Reliance-Disney India merger draws Nita Ambani back to business spotlight
Reliance-Disney India merger draws Nita Ambani back to business spotlight
Source: Reuters
2024-02-29 09:40:30 am
Analysts recommend selling India`s Zee after failed Sony merger At least five brokerages said investors should sell Zee Entertainment's stock as the Indian broadcaster's failed $10 billion merger deal with Sony India raised concerns about its survival in an increasingly competitive industry. The collapse of the two-year-long talks on Monday to create one of India's biggest TV broadcasters creates more uncertainty for cash-strapped Zee, in particular with Disney seeking to merge its Indian businesses with the media assets of billionaire Muke...
Analysts recommend selling India`s Zee after failed Sony merger
Analysts recommend selling India`s Zee after failed Sony merger
Source: Reuters
2024-01-23 09:10:37 am
India`s Tata Capital eyes fashion brand Rare Rabbit at $300 million valuation  India's Tata Capital is looking to purchase a roughly 13% stake in premium domestic fashion brand Rare Rabbit at a valuation of $300 million, as it seeks to bet on the country's affluent shoppers, three sources familiar with the matter said. Tata Capital is the financial services arm of India's $144 billion salt-to-aviation Tata conglomerate, and its investment interest in Rare Rabbit comes at a time its rivals such as billionaire Mukesh Ambani's Reliance are also gra...
India`s Tata Capital eyes fashion brand Rare Rabbit at $300 million valuation
India`s Tata Capital eyes fashion brand Rare Rabbit at $300 million valuation
Source: Reuters
2023-12-14 02:06:37 pm