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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.
A shrinking linear TV business, $2 billion in annual payments for cricket rights and money-guzzling streaming platforms threaten to dampen the post-merger euphoria.
Mukesh Ambani hates to settle for second best. As chairman of Reliance Industries and India’s richest man, he is the largest by a leap in nearly every business he runs, be it petrochemicals, telecom or retail.
Yet, his media and entertainment business, for over 15 years, didn’t even feature among the top three in its category in the country. Network18 and its subsidiary, Viacom18, weren’t even billion dollar businesses—by revenue or valuation—until recently.
An attempt to get rid of the business, four years ago, didn’t work. Then, a merger exercise came a cropper. All the while, distractions in the form …
Instead of going after scale like Jio, the Sunil Bharti Mittal-led telecom giant is chasing a smaller but higher-quality customer base to grow its home broadband segment. Will the bet pay off?
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.
