Mukesh Ambani’s Reliance Industries is reportedly in advanced talks to acquire Disney’s India business, a deal that could reshape the media landscape in the country. This potential merger will see the integration of Disney’s prized assets, including its popular streaming platform Disney+ Hotstar, into Reliance’s media division, which operates JioCinema. The move is part of Ambani’s…
Indian billionaires Mukesh Ambani and Gautam Adani recently faced massive losses as the stock market took a significant downturn. Combined, their wealth plummeted by a staggering Rs 1.15 lakh crore, a clear sign of the volatility currently affecting the Indian market. The primary reason behind this steep decline is attributed to a global market sell-off that shook investor confidence and impacted…
Mukesh Ambani’s Reliance Industries Limited (RIL) is poised to make a significant announcement today regarding a bonus share issue. This comes as the company continues to outperform the broader market and maintain its reputation for rewarding shareholders. The bonus announcement, expected to be in a 1:1 ratio, will mark RIL’s sixth such issuance since 2017.
RIL’s stock has…
