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…
In a bold move to enhance its digital entertainment footprint, JioCinema has appointed Ishan Chatterjee, the former head of YouTube India, as its new Chief Business Officer (CBO). This decision marks a strategic push by JioCinema to dominate India’s competitive OTT market, especially in the fields of sports and entertainment.
A Major Appointment in the OTT Space
Chatterjee’s new role…
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…
