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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Mukesh Ambani’s Reliance Industries was in talks to buy Zee. It may have not “proceeded” with the talks, but there are enough reasons to believe that Ambani cannot do without Zee. Separately, India’s power sector is going through an unprecedented shortage of coal. A shameful situation for a coal-rich country like ours. Who is to blame?
Editor's note: This is Street Smart, The Morning Context’s weekly newsletter on everything that impacts corporate India. Every Thursday, Street Smart will bring you an original, reported or analytical take on issues that have the potential to shake up the business ecosystem. Surendar here. First there was the rumour, then an insinuation and finally the confirmation. Mukesh Ambani’s Reliance Industries was in talks to buy Zee. It may have not “proceeded” with the talks, but there are enough reasons to believe that Ambani cannot do without Zee. Separately, India’s power sector is going through an unprecedented shortage of coal. A shameful situation for a coal-rich country like ours. Who is to blame? Read on. Ambani’s Zee quest It is a surprising turn of events that sees Reliance Industries caught in a takeover battle with Zee Entertainment as such things don’t happen in India, especially when promoters of both companies are politically connected. In its media message, Reliance said that it regretted being drawn into Zee’s dispute with its investor Invesco, that it respected all founders and had never resorted to any hostile …
While the Rs 9,000 crore promoter investment in Q1 brings a measure of reassurance, investors will still have to wait for Jio and retail to work through their challenges.
Reliance Consumer Products is relying on aggressive pricing in the hope that its staples brand will become a household name. But such tactics can go only so far.
Mukesh Ambani wants investors to price Reliance Industries’ IPO-bound telecom arm like a technology business. In reality, Jio’s tech ambitions remain a work in progress.
