Billionaire Mukesh Ambani's Reliance Industries Ltd has spent $13 billion on acquisitions in the past five years across new energy, telecom, retail and media business to script a pivot away from core oil and petrochemicals business to clean energy and consumer facing verticals. Last week, Reliance bought oncology platform Karkinos Healthcare for Rs 375 crore, adding another stack to its diagnostic and digital healthcare ecosystem, Morgan Stanley said in a report.
Reliance Jio added 34.7 lakh mobile subscribers in September, cementing its lead in the competitive telecom market, while Airtel's wireless subscriber tally rose by 13.2 lakh, according to monthly data put out by Trai. Vodafone Idea lost 7.5 lakh mobile subscribers during September, dragging its wireless user tally to 22.75 crore. Reliance Jio gained 34.75 lakh wireless subscribers in September, and its user base climbed to 44.92 crore, as per data by Telecom Regulatory Authority of India (Trai).
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.
Hathway Cable Internet, one of the largest broadband cable ISPs in India, has introduced a new broadband package -- Silver Super Rush -- that provides 'high-speed Internet up to 512 kbps through cable for just Rs 250 per month.'
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.
Invest in quality companies that make profits, advises stock market expert and rediffGURU Samraat Jadhav.
TDSAT Chairperson Justice Arun Kumar directed the Trai and MSOs -- Hathway Cable and Indusind Media, who were later impleaded as parties, to file their replies by December 3 and counter affidavit by the leading broadcasters - Zee Turner, Set Discovery and Star India by December 10.
It could deprive viewers the action in the India-Bangladesh and Pakistan-Australia series.
Hathway Cable Internet, one of the largest broadband cable ISPs in India on Monday introduced two attractive plans - Liteway Basic and Thruway.
The Rahejas and Star TV are together selling 15 per cent in cable network operator Hathway Cable to private equity firm ChrysCapital.
Hathway Cable Internet, one of the India's largest broadband cable Internet service providers, has introduced new broadband packages -- Liteway and Paceway -- providing high-speed Internet connection.
Branded as 'Hathway 256 kbps,' this new package is designed to give an enhanced online experience where the user will be able to access the Internet and its applications, much faster than ever.
Union budget was mildly for cable broadcasting industry and DTH.
RIL's stake in Network18 would reduce to 64 per cent, from 75%, following the merger
The growth was led by family-owned companies and business groups with presence in pharmaceuticals, information technology services, and consumer products.
From Network18 perspective, this helps reduce dependence on ads and helps especially in times of slower GDP growth.
JioFiber, India's first 100 per cent all-fiber broadband service, will start from 100 Mbps and go all the way up to 1 Gbps. This will propel India to top 5 broadband nations globally.
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.
The number of telephone subscribers in India increased from 1,183.15 million at the end of May to 1,186.63 million at the end of June.
Most listed corporate entities in the country are in a fix. With the sudden declaration in late March of a nationwide lockdown to tackle the Covid-19 pandemic, the final calculations of their financial results for the year 2019-20 (FY20) are hanging in limbo. Till April 19, only 41 of the 3,947 companies listed on the BSE have managed to finalise the dates for the declaration of their yearly financial results.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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.
A neutral Budget for media and entertainment sector.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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
Mid-caps in cyclical sectors such as cement, financials and capital goods estimated to earn much more
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
News media takes a beating from the economy, advertisers and the rupee. To stay afloat, publishers are reacting by folding up businesses and axing staff.
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