/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The e-commerce company will not be bidding for the tournament’s media rights; the government is planning national legislation on gaming.
Editor's note: Harveen here. This morning, a detailed report in Bloomberg talked about how the stage is set for two of the world’s richest men—Jeff Bezos of Amazon and Mukesh Ambani of Reliance Industries—for a clash over the media rights to the Indian Premier League. A few hours later, to everyone’s surprise, Bloomberg reported that Amazon is already planning to pull out of the race. From the report: Amazon.com Inc. is planning to withdraw from a heated competition for the rights to stream Indian Premier League cricket matches, according to people familiar with the matter, ceding one of the world’s most popular sporting contests to rivals from Walt Disney Co. to Mukesh Ambani’s Reliance Industries Ltd…The US giant is planning to throw in the towel rather than get into a bidding war, the people said, asking not to be identified discussing internal deliberations. While Amazon hasn’t officially commented on these reports, the company doesn’t seem to have arrived for the technical evaluation of bids—a process that was supposed to begin this morning. The main contenders for the IPL digital rights now are …
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.
