Dubai-based siblings Jainam and Jivika, the owners of jiohotstar.com domain, have decided to transfer it to Reliance "free of cost", resting speculations on social media platforms. The story of the internet domain name, which grabbed a lot of attention on social media platforms in the recent past, ended with "seva and kindness", according to the duo. The unique website ID was said to have been initially registered by a Delhi-based app developer last year amid speculation about the potential merger of Reliance Jio and Disney Hotstar. Last month, the developer came up with the demand for funding his higher studies at the Cambridge University in return of the domain's ownership transfer, days after Reliance Jio and The Walth Disney formally announced the merger of their media businesses. Later, the Dubai-based siblings purchased jiohotstar.com domain from its registered owner. According to industry observers, the domain was sold to Dubai-based siblings after Reliance declined his ...
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The website first went viral when a Delhi-based techie registered the domain in 2023, hoping to get Reliance to fund his higher studies in exchange for the domain
The anonymous techie, who has registered the JioHotstar domain, is willing to sell it to Reliance Industries at one-tenth of the original asking price but is yet to receive any proposal from billionaire Mukesh Ambani-led conglomerate. The Delhi-based app developer -- who has been grabbing social media attention for his unique demand to fund his higher studies by selling the JioHotstar domain, following the merger deal of media assets of Reliance and India business of Walt Disney -- wants to avoid a legal battle with the corporate giant and hopes that a compassionate stand would be taken. In a response to PTI query on mail @Jiohotstar, the ID mentioned on the viral post, the anonymous techie said: "I haven't received any reply and proposal from reliance". "I don't think they intend to pay in my case as well. I would be extremely happy if they do," he said in the reply. Several legal experts have contended that he has a "winnable case" and there is a fair chance that there can be eve
The developer requested £93,345 from Reliance Industries to cover his tuition fees for an Executive MBA programme at the Cambridge, but was denied
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The Delhi techie attached a personal request to the webpage, asking Reliance Industries to fund his Cambridge University dream in exchange for the domain
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Jio Financial Services Ltd on Friday reported a marginal 3 per cent rise net profit to Rs 689 crore in the second quarter ended September 2024. The company had earned a consolidated net profit at Rs 668 crore in the same quarter a year ago. Total income increased to Rs 694 crore as against Rs 608 crore in the same quarter a year ago, Jio Financial Services said in a regulatory filing. However, total expenses doubled to Rs 146 crore as against Rs 71 crore in the same period in the previous year. Jio Financial Services Ltd pursuant to the application made to the RBI seeking registration as Core Investment Company (CIC), has received necessary approval and certificate of registration on July 9, 2024 from the RBI and thereby it has become a Non-Deposit taking Systemically Important Core Investment Company (CIC-ND-SI) with effect from that date, it said. Jio Financial Services, carved out from Reliance Industries Ltd, is engaged in the business of investing and financing, insurance ...
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