CNN, the international news channel, has withdrawn from its partnership with TV18 group that resulted in the formation of the CNN-IBN channel. The CNN logo will now be dropped from the CNN IBN branding. “The Parties have decided not to renew the arrangement,” TV18 Broadcast Ltd said. TV18 Broadcast is part of the Network18 group, […]
Reliance Jio, the telecom arm of Reliance Industries, said it has received a provisional license from the government of India to conduct cable TV operations across India. The license will enable the company to launch its brand of Jio boxes, which work over LTE as well as over regular cable. Jio boxes will enable users […]
Reliance Industries Chairman Mukesh Ambani today made several key announcements about the launch of the company’s telecom, Internet and media services under its Reliance Jio brand. The details set forth in his speech give an idea of how Reliance Jio can totally disrupt the existing telecom and Internet scenario in the country. Here is a […]
Close on the heels of Airtel tying up with Kotak Mahindra Bank, Mukesh Ambani’s Reliance Industries Ltd has announced that government-controlled State Bank of India will be its partner in its payment bank venture. The day also saw Future Group, which runs Big Bazaar, and Idea Cellular, announcing that they too have applied for payments […]
The Mumbai Press Club will hold a discussion on the gas pricing controversy, it said in a statement. The discussion will be based on Paranjoy Guha Thakurta’s book – Gas Wars: Crony Capitalism and the Ambanis and will be held on Friday, 27th June, 2014 at 2.45 PM. The price of natural gas has been […]
Reliance Industries said it will spend Rs 4,000 crore to acquire control of Network 18 Media & Investments Ltd, the owner of the CNN IBN channel and sister concerns like CNBC TV18, IBN 7, Firstpost.com etc. The Mukesh Ambani firm will make open offer to acquire shares held by minority shareholders in Network18. The acquisition […]
After tying up contracts for leasing out towers and inter-city (between city) fibre connections, Anil Ambani’s Reliance Communications has signed a deal with Mukesh Ambani’s Reliance Jio Infocomm to lease out intra-city (within city) fibre to connect individual towers. The agreement comes three months after RCom said it was in talks with Reliance Jio to […]
Oil and Natural Gas Corp (ONGC) Ltd has denied an Economic Times report that said that quoted company officials as saying ONGC was under pressure from the government to act on concerns that Reliance Industries Ltd could have pumped out gas from a reservoir belonging to ONGC in Krishna-Godavari Basin. ONGC said it had certain […]
Reliance Jio Infocomm could overtake Anil Ambani’s Reliance Communications in revenue over the next four to five years and corner 11% of the total wireless market, an analyst with a prominent global financial group has predicted. By the 2017-18, Reliance Jio and Reliance Communications would have very similar mobile voice revenue market share, at about […]
