Page 61 - Mukesh Ambani

Reports on sale of news biz to Times Group are baseless, false: Reliance

Billionaire Mukesh Ambani's Reliance Industries on Thursday denied reports of selling its news media business to Times Group. Bloomberg early on Thursday reported that Ambani "is in talks to sell his news media assets to India's Times Group, as Asia's richest man plans to unload a business that's been losing money". "Reliance Industries firmly denies (the) story. The story is baseless and false," a company spokesperson said. The report had quoted people familiar with the matter to say that Bennett Coleman & Co, the publisher of the Times of India, is looking to hire advisers for due diligence on the news properties of Ambani's Network18 Media & Investments Ltd. Bennett Coleman's spokesperson couldn't be immediately reached for comments. Reliance had in 2014 bought Network18, which owns and operates 56 local channels spanning news and entertainment, for up to Rs 4,000 crore. Network18 owns TV channels (including CNBCTV18, CNN-IBN, CNN Awaz), websites (firstpost.com, ...

Top headlines: Q2 GDP growth estimate, Uddhav's swearing-in, and more

From Sensex continuing bull run to RIL becoming first Indian firm to hit Rs 10 trillion m-cap, Business Standard brings you the top news of the day

Sony plans to buy stake in Network18 Media group. What next?

Sources suggest that Sony is considering several potential deal structures, including a bid for the company or a merger of its own Indian business with Network18's entertainment channels

Top biz headlines: Sony eyes stake in Network18, RBI's HR trouble, and more

From Rs 2.5 trillion loan disbursement by PSUs to DHFL's audit report, Business Standard bring you the top business headlines for the day

Sony eyes up to 30% stake in Mukesh Ambani's Network18 after Zee bid failed

Sony, said sources, is expected to evaluate its options carefully owing to regulation around foreign direct investment in media

Top Headlines: Wilful defaulters revealed, IOC may not bid for BPCL & more

Here are the top headlines of the day

Sony in talks to buy stake in Mukesh Ambani's Network18 TV media group

The Tokyo-based company is currently conducting due diligence on Ambani's Network18 Media & Investments Ltd. before any possible offer, the people said

Mukesh Ambani's RIL beats BP to make elite club of 6 global energy giants

Reliance has increased 35% this year, compared with BP's 1.2% gain as it works on cutting high debt levels

Moody's affirms Reliance Industries' rating with a stable outlook

The rating reflects significant improvement in RIL's scale and business mix over the past two years

Nita Ambani named to the board of New York-based Metropolitan Museum of Art

Nita Ambani, 57, was elected to become an honorary trustee of the museum, according to the statement.

Three Chinese banks sue Anil Ambani for failing to repay $680-mn loan

The Mumbai branch of Industrial & Commercial Bank of China, China Development Bank and the Export-Import Bank of China agreed to loan $925.2 million to Anil Ambani's Reliance Communications in 2012

Reliance Industries puts off gas bid for the second time to November 15

Sources in the company said bidders want more time to adapt to the new bidding system. Some added RIL may be facing lack of interest from potential bidders

India's economic slowdown will reverse in coming quarters: Mukesh Ambani

What I see happening in the past 2-3 years is transformation, said Ambani

Economic slowdown 'temporary', reforms undertaken to reverse trend: Ambani

Indian economy has seen growth rate decline in each of the past five quarters

After Jio's 4G and optical fibre, RIL to build $24 bn e-commerce giant

A series of capital transfers would make Jio, which already has capital of 650 billion rupees, almost debt free by March 2020, the parent said on October 25

RIL to set up a wholly-owned subsidiary for digital platform initiatives

The subsidiary will also acquire RIL's equity investment of Rs 65,000 crore in Reliance Jio Infocomm Ltd (RJIL)

AGR verdict: Jio emerges winner as Airtel, Voda Idea face $7 billion bill

The Supreme Court on Thursday ordered phone operators in the country to pay the government a combined Rs 920 billion in past airwaves and license fees

Best of BS Opinion: A bubble building in bond mkt, RIL-Aramco deal and more

RIL AGMs have become events at which, rather like a prime minister's Independence Day speech, Chairman Mukesh Ambani is expected to make some big bang statements writes Kanika Datta

Jio terms IUC review anti-poor; says move undermines PM's Digital India

Any change in implementation of original timeline of January 1, 2020 will end the free voice regime and is likely to increase tariffs which is against consumer interest, Jio claimed

RIL becomes first Indian firm to hit Rs 9 trn m-cap; stock up 27% in CY19

The Mukesh Ambani-led company is slated to release its September quarter results later in the day where it is expected to report a strong quarter for the July-September period.