RIL has also appointed McKinsey senior advisor Adil Zainulbhai as independent director and Network 18 Media & Investments (NW18) former promoter Raghav Bhel as a non-executive director on the NW18 Board.
Rajan said India's good economic fundamentals would allow it to overcome any 'sharp corrections' in global markets
The RBI targets inflation at 6 percent by January 2016 and 4 percent for 2017/18.
Jio is now present in all of the 29 states.
Competition Commission of India on Wednesday said it has approved the merger of the media assets of Reliance Industries and Walt Disney Co to create the country's largest media empire. The deal, announced six months ago, has been cleared by the CCI with certain modifications proposed by the two parties.
The inter-meeting rate cut by the Reserve Bank of India (RBI) indicates a shift in its monetary policy stance, the finance ministry's chief economic adviser Arvind Subramanian said on Thursday.
Paramount Global has agreed to sell its 13 per cent stake in its Indian TV business to Reliance Industries for Rs 4,286 crore, the Indian firm said on Thursday. In a stock exchange filing, Reliance said it has signed a binding agreement with two subsidiaries of Paramount Global to acquire 13.01 per cent equity stake of Viacom 18 Media Private Limited held by Paramount Global. Similarly, in a filing on the US Securities and Exchange Commission (SEC), Paramount Global said the closing of the transaction is subject to the satisfaction of certain customary conditions, including receipt of applicable regulatory approvals, as well as the completion of a previously announced joint venture involving Reliance, Viacom18 and Star Disney.
Speaking at CNBC TV 18's business leadership awards event, Sitharaman made it clear that she was not expecting a jump in the number either.
The new government would assume charge with swearing-in of Prime Minister designate Narendra Modi and members of his Cabinet on May 26.
In the mid-quarter monetary policy review last month, RBI Governor Raghuram Rajan had left the key policy rate unchanged, after raising it 50 bps in two instalments since he took over on September 4, saying he was waiting for more data clarity.
To a question related to RBI's policy rate, Rajan said no amount of interest rate cut is going to help if credit growth is weak.
Only 80.6 per cent of the Rs 6-trillion allocation has been spent by February, data from the Controller General of Accounts shows.
On Monday, Reserve Bank hiked the lending rates to banks by 2 per cent to 10.25 per cent.
From Network18 perspective, this helps reduce dependence on ads and helps especially in times of slower GDP growth.
Billionaire industrialist Mukesh Ambani has turned a venture capitalist and is backing a new television channel Epic TV due to go on air next month.
The government has changed the criteria for infusion of capital.
The RBI cut rates for third time in 2015 due to favourable economic conditions.
'Think of the poorest retail investor before you decide to go for an IPO'
National Spot Exchange Limited, promoted by Jignesh Shah-led Financial Technologies, is facing payment crisis of Rs 5,600 crore (Rs 56 billion).
Reserve Bank Governor Raghuram Rajan on Tuesday said the government's target of reducing the current account deficit (CAD) to $70 billion or 3.7 per cent of the GDP in 2013-14 is "imminently reachable".
Rajan said the process of dialogue with the government did not reach a stage where he could have agreed to stay on
The Finance Ministry's Economic Survey had projected a growth rate of 7-7.75 per cent.
India's gross domestic product grew at a decade low of 5 per cent last fiscal.
NDTV will become a full time infotainment and entertainment channel
News, as a business, faces its biggest crisis ever, globally. To fight it needs investment in feet-on-the-ground journalism, tech tools like artificial intelligence among other things.
Rediff reader Kiran Mestry, 49 from Mumbai tells us how her first salary changed her life.
The rupee closed at 59.90 in Wednesday's trade, gaining just one paisa from its previous close.
To shed more light on how GST will affect the individual as well as the nation, Rediff Chat has lined up experts to field your queries.
Praising Delhi Chief Minister Arvind Kejrival for some of the work he has done, Infosys Executive Chairman N R Narayana Murthy on Thursday said the Aam Aadmy Party leader needs to be reasonable with business.
RBI Governor Raghuram Rajan on Tuesday said the Finance Ministry's decision to provide more capital to PSU banks will lower the borrowing cost and increase their capacity to lend, besides promoting investments.
More people from the content side should be running the business of media if the industry has to grow, Bloomberg's Parry Ravindranathan tells Vanita Kohli-Khandekar.
Infosys, country's second largest software services firm, has not made any profit on government projects because of red-tapism and other issues, its co-founder N R Narayana Murthy said.
Walt Disney Co and Reliance Industries on Wednesday announced signing of binding pacts to merge their media operations in India to create a Rs 70,000 crore behemoth. Reliance and its affiliates will hold 63.16 per cent in the combined entity while Disney will hold the remaining 36.84 per cent, the companies said in a statement.
The revenue department had sent notices to FIIs.
The revision was announced before Indian markets opened on Thursday.
There were two questions everyone wanted to know the answer to. 1. Did Raghuram Rajan advise the Congress on the much-discussed NYAY scheme, as claimed by Rahul Gandhi? 2. Will Raghuram Rajan become India's next finance minister?
A lot of my decisions are based on idealism, says N R Narayana Murthy
Three firms, Vishvapradhan Commercial Pvt Ltd along with AMG Media Networks and Adani Enterprises Ltd, have offered a price of Rs 294 for the acquisition of up to 1,67,62,530 fully paid-up equity shares of NDTV having a face value of Rs 4 from the public shareholders.
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