The combined market capitalisation of Adani group companies increased to Rs 15.11 trillion last week. As a result, Gautam Adani's family raced ahead of Mukesh Ambani of Reliance Industries, reclaiming the title of India's wealthiest promoter.
Thanks to a continued rise in the market capitalisation of the Adani Group companies, its promoter Gautam Adani is now the second richest Asian and fourteenth richest businessman in the world with a networth of $66.5 billion. Reliance Industries promoter Mukesh Ambani remains the wealthiest businessman in Asia with a networth of around $76.5 billion, according to Bloomberg data. The six Adani Group companies had combined market capitalisation of Rs 8.36 trillion as on Thursday, against Reliance Industries' market capitalisation of Rs 12.6 trillion. Adani Green tops the charts in the group with m-cap with Rs 1.99 trillion.
From Network18 perspective, this helps reduce dependence on ads and helps especially in times of slower GDP growth.
While existing players are expected to first drop prices, acquisition of smaller firms by larger ones is likely in future
RIL's stake in Network18 would reduce to 64 per cent, from 75%, following the merger
Union budget was mildly for cable broadcasting industry and DTH.
In terms of market capitalisation, Zee alone has a market cap of Rs 24,000 crore compared to Rs 15,000 crore of the merged Reliance entity.
Jio is now present in all of the 29 states.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Given the fragmented nature of the domestic cable TV market and the need for last-mile connectivity, RIL, said sources, would have to do more to achieve its target of reaching 20 million homes and 15 million business establishments with its broadband services across 1,600 towns in the next few years.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
This was mostly driven by Qatar Foundation Endowment's $1.26 billion investment in Bharti Airtel.
Pricing is a vital part of strategy to take high speed broadband to 265 million homes
Revenue jumped 54.5 per cent to Rs 156,291 crore.
Reflective of the conglomerate's ambition to turn into a consumer-driven business, most of the 33 acquisitions in the last financial year were for its digital, retail, or related verticals.
Legendary Sachin Tendulkar along with his one-time opening partner Sourav Ganguly will be once again seen together along with Bollywood A Listers like Ranbir Kapoor, Hrithik Roshan and some of the other prominent actors like John Abraham and Abhishek Bachchan at the opening ceremony of the cash-rich Indian Super League.
A neutral Budget for media and entertainment sector.
Mukesh Ambani-led RIL, which had a cash chest and marketable securities worth over Rs 90,000 crore (Rs 900 billion) at the end of the last fiscal, is known for very effectively managing its financial resources by placing them in liquid instruments and highly rated securities.
Mukesh's television unit has been aggressively wrapping up deals with hundreds of small players in a street-by-street effort to conquer that final hurdle in its cable TV drive
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
More, many market gurus expect the Sensex to reach 30,000 levels by December and 40,000-45,000 in three to four years.
In the broader markets, BSE Midcap index slipped 0.3% whereas the BSE Smallcap index inched up by 0.2%
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