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☆ Tech titans love Modi's economic powerhouse India — despite mass unemployment and abject poverty
▼ + stars: | 2024-05-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +13 min

Youth unemployment, income inequality, regional disparities, and Russian oil remain big problems. But the work starts there, as he'll have to navigate thorny issues such as youth unemployment, income inequality, and reliance on sanctioned Russian oil. "The other key economic policy was JAM — the trinity of bank accounts for the poor, mobile numbers and a biometric card. Indian demand for Russian oil has cooled in recent months as new sanctions have made it more expensive, but the buying remains controversial. Alexandr Demyanchuk/AFP/Getty ImagesIndia the IT hubUnder Modi, India has made big strides in modernizing its economy, combating bureaucracy, and appealing to foreign investors.

Persons: Narendra Modi, Elon Musk, Jamie Dimon, Tim Cook, —, Modi, Goldman Sachs, JPMorgan's Dimon, He's, Musk, Apple's Cook, Joe Biden, Sundar Pichai, Anna Moneymaker, Jensen Huang, Satya Nadella, Alphabet's Sundar Pichai, Richard Rossow, Demonetisation, Kunal Sen, Sen, Tim Graham, Rossow, tycoons Mukesh Ambani, Gautam Adani, Mukesh Ambani, Isha Piramal, Rihanna, Shloka Mehta Ambani, Akash Ambani, Radhika Merchant, Anant, Radhika, Ambani, they'd, Neelima Jain, Vladimir Putin, Alexandr Demyanchuk, Sanjay Shetty, Shetty Organizations: Service, titans, Monetary Fund, Gross, World Bank, Economic, of New, Google, Apple, Nvidia, Microsoft, India, Studies, Center for Strategic & International Studies, United Nations, United Nations University World Institute for Development Economics, University of Manchester, International Labor Organization, Oxfam, Bloomberg, Reliance Industries, Adani, CSIS, Indian, Shanghai Cooperation Organisation, Getty, Modi, Big Tech, Randstad, Economic Times Locations: India, Britain, Japan, Germany, China, of New York, Nimaj, Rajasthan, North Korea, Bihar, Uttar Pradesh, Russia, Ukraine, Europe, Moscow, Western, Samarkand, AFP, Randstad India

☆ Morgan Stanley says India is having its longest and best bull market ever. Here's an ETF to play it
▼ + stars: | 2024-05-02 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

India's historic stock market rally shows no signs of slowing down and there is still time for investors to jump in, according to Morgan Stanley. Therefore, this is set to be India's longest and best bull market ever," the note said. Directly buying India stocks can be difficult for U.S.-based investors, but several exchange-traded funds are doing a solid job of capturing the market rally. The biggest U.S. ETF tracking India, the iShares MSCI India ETF (INDA) , is up more than 7% year to date and more than 27% over the past 12 months. The Franklin FTSE India ETF (FLIN) is also up more than 7% in 2024, but 31% over the past year.

Persons: Morgan Stanley, Ridham Desai, Desai Organizations: U.S, Reliance Industries, Icici Bank, Infosys, Franklin FTSE, EPI Locations: India, Franklin FTSE India, FLIN

☆ CNBC's Inside India newsletter: A $270 billion gamble on green?
▼ + stars: | 2024-04-25 | by ( Ganesh Rao | ) www.cnbc.com time to read: +8 min

Solar panels stand at the Welspun Energy solar power plant in Neemuch, Madhya Pradesh, India. One sector in particular — electrical power transmission — will see $270 billion in financial benefits, according to Goldman Sachs. While utilities like the Power Grid Corporation of India may be perceived as unsexy, compared to growth stocks like Tesla, India plans to promote renewable energy without the taxpayer spending a single rupee. The country has added about 70 gigawatts of solar power capacity over the past decade without piling on further costs by simply maximizing the grid's usage. Currently, state governments in India levy surcharges and taxes on every unit of carbon-intensive energy transmitted through the grid.

Persons: Vivek Prakash, Elon Musk, Narendra Modi, Goldman Sachs, It's, Vinay Dwivedi, India Anna Dravida, Vinay, Modi, Mohamed Muizzu's, Jamie Dimon, Modi's Organizations: Bloomberg, Getty, U.S, Power Grid Corporation of India, Goldman, Companies, Reliance Industries, Adani Enterprises, Tamil Nadu —, Dravida Munnetra Kazhagam, India Anna Dravida Munnetra Kazhagam, CNBC, Modi's Bharatiya Janata Party, Vodafone Idea, Vodafone, West, Economic, of New, JPMorgan, CNBC Pro, we'll Locations: Neemuch, Madhya Pradesh, India, Tamil Nadu, Dravida, New Delhi, Maldives, China, Beijing, West Indies, Pakistan, U.S, of New York

Morgan Stanley raised its price target on Ford after the company reassessed its electric vehicle strategy. That "paints path to ~$230-$290 stock price as we argue AMZN could warrant an even higher multiple in this scenario," he added. — Michelle Fox 7:38 a.m.: Evercore hikes Disney price target, points out near-term catalysts Walt Disney has a bright near-term outlook, according to Evercore ISI. In addition to cutting his price target, Harned also pulled down his outlook for free cash flow and deliveries. — Alex Harring 5:48 a.m.: KeyBanc raises Nvidia price target There's no slowing down Nvidia , according to KeyBanc.

Persons: Morgan Stanley, KeyBanc, Brian Nowak, Jon Tower, — Michelle Fox, Walt Disney, Vijay Jayant's, Jayant, Bob Iger, — Lisa Kailai Han, David Palmer, Palmer, Uber, — Alex Harring, Bernstein, Douglas Harned, Harned, Dave Calhoun, Alex Harring, Anthony Chukumba, Chukumba, selloff, Ross Seymore, Seymore, TD Cowen, Doug Anmuth, Anmuth, there's, John Blackledge, Blackledge, Jason Bazinet, Bazinet, There's, Goldman, Goldman Sachs, Kate McShane, McShane, BJ, Mark Strouse, Strouse, Adam Jonas, Jonas, Ford, John Vinh, Vinh, Fred Imbert Organizations: CNBC, Monday's, Ford, Nvidia, Amazon, Citi Citi, Grill, ISI, Disney, India's Reliance Industries, Reliance Industries, Netflix, Hulu, Boeing, Dow Jones, Capital, Loop Capital, Deutsche Bank, Broadcom, VMWare, JPMorgan, Citi, BJ's Wholesale, GE, GE Vernova Locations: Michigan, Alaska, F1Q, California, The Massachusetts, Friday's, China

☆ US-Bound Ship From Reliance's Sikka Port Hits BPCL Crude Import Facility, Sources Say
▼ + stars: | 2024-03-11 | by ( March | At A.M. | ) www.usnews.com time to read: +1 min

By Nidhi VermaNEW DELHI (Reuters) - Oil tanker Hafnia Seine bound for the United States from Sikka port in Western India hit Bharat Petroleum Corp's (BPCL) crude import facility in an accident late on Sunday, two sources with the knowledge of the matter said on Monday. "It appears to have hit the peripheral structure of the single point mooring (SPM)," one of the sources said, adding that no vessel is scheduled to discharge at its SPM currently. BPCL has a single point mooring at Sikka to import crude for its landlocked Bina refinery in central India. The sources declined to be identified because they were not authorised to speak publicly about the matter. (Reporting by Nidhi Verma; Writing by Mohi Narayan; Editing by Jamie Freed)

Persons: Nidhi Verma, BPCL, RIL, Mohi Narayan, Jamie Freed Organizations: Nidhi Verma NEW DELHI, Bharat Petroleum, Reliance Industries, SPM Locations: United States, Western India, Jamnagar, Gujarat, Bina, India

☆ You probably missed one of the biggest shows of wealth at the Ambanis' pre-wedding celebration, and it had nothing to do with the bride and groom
▼ + stars: | 2024-03-07 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

Read previewThere were grandiose displays of wealth at Anant Ambani's pre-wedding celebrations in India, but the mother of the groom-to-be may have stolen the show. Anant is the youngest son of Nita and Mukesh Ambani. Radhika Merchant and Anant Ambani, son of Mukesh Ambani, the Chairman of Reliance Industries. AdvertisementThe Mirror of Paradise ring. Last weekend, Anant personally thanked and praised Nita during a speech for pulling the pre-wedding celebration together.

Persons: —, Anant Ambani's, Anant, fiancée Radhika Merchant, Nita, Mukesh Ambani, Mukesh, Radhika Merchant, Anant Ambani, Rihanna, Bill Gates, Mark Zuckerberg, Manish Malhotra, that's, Richard Drew, Nita Mukesh Ambani, She's, Mama Organizations: Service, Business, Reliance Industries, GQ India, Bazaar Locations: India, Asia, Mumbai

☆ Mark Zuckerberg got major timepiece envy over Anant Ambani's Richard Mille watch
▼ + stars: | 2024-03-04 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Mark Zuckerberg says he "never really wanted to get a watch" until he saw Anant Ambani's. "After seeing that, I was like, watches are cool," Zuckerberg said while admiring Ambani's watch. Ambani told Zuckerberg and his wife, Priscilla Chan that he was sporting a Richard Mille watch. Zuckerberg was seen admiring Reliance Industries' heir, Anant Ambani's luxury timepiece in a video circulating on social media. Mark Zuckerberg & his wife Priscilla was surprised to see Anant Ambani's watch.

Persons: Mark Zuckerberg, Anant Ambani's, Zuckerberg, Ambani, Priscilla Chan, Richard Mille, —, didn't, Anant, Chan, Priscilla, — Nibraz Ramzan, @nibraz88cricket, Ambani's, Bill Gates, Donald Trump's, Ivanka, Rihanna Organizations: Service, Reliance Industries, Hindustan Times, Indian, Business, Microsoft, Business Insider Locations: Asia, Japan, South Korea, India

☆ Anant Ambani pre-wedding photos: Rihanna, Mark Zuckerberg among stars at Indian billionaire heir’s celebrations
▼ + stars: | 2024-03-04 | by ( Oscar Holland | ) edition.cnn.com time to read: +3 min

Ambani is the youngest son of Asia’s richest man, Mukesh Ambani, who has an estimated fortune of $117 billion, according to Forbes. Jared Kushner, Ivanka Trump and their daughter Arabella pose with the groom's father, billionaire Mukesh Ambani. On Wednesday, the Ambani family hosted a communal dinner for more than 50,000 villagers. Reliance Industries/Handout/ReutersActors Salman Khan, Ram Charan, Shah Rukh Khan and Aamir Khan perform during the pre-wedding celebrations. Reliance Industries/Handout/ReutersBillionaire industrialist Mukesh Ambani with his son Anant and wife Nita.

Persons: Mark Zuckerberg, Bill Gates, Ivanka Trump, jetted, Anant Ambani’s, Rihanna, David Blaine, Sachin Tendulkar, Shah Rukh Khan, Ambani, Mukesh Ambani, Radhika Merchant, Jared Kushner, Arabella, ”, Paula Hurd, Ranveer Singh, Deepika Padukone, Salman Khan, Ram Charan, Aamir Khan, Saif Ali Khan, Kareena Kapoor Khan, Taimur Ali, Anant, Nita, Anjali Organizations: CNN, Forbes, Reliance, Reuters, Reliance Foundation, Microsoft, Reliance Industries, Reuters Billionaire, AP Former India Locations: India, Silicon Valley, Jamnagar, Gujarat, New Delhi, Mumbai

☆ Zuckerberg, Rihanna and Bill Gates were among guests at lavish bash for son of Asia's richest man
▼ + stars: | 2024-03-04 | by ( Arjun Kharpal | ) www.cnbc.com time to read: 1 min

Anant Ambani, left, son of Chairman of Reliance Industries Limited Mukesh Ambani and his fiancee Radhika Merchant greet media persons during their engagement ceremony in Mumbai, India, Thursday, Jan. 19, 2023. Tech executives including Mark Zuckerberg and Bill Gates attended a lavish, three day, pre-wedding celebration for the son of Indian billionaire Mukesh Ambani, Asia's richest man, over the weekend. The bash was held to celebrate the upcoming marriage of Anant Ambani, the youngest of Mukesh Ambani's sons, to Radhika Merchant, scheduled for later this year. Mukesh Ambani is the world's ninth-richest person with a net worth of $117.8 billion, according to Forbes. He is the chairman of Reliance Industries , a conglomerate that spans everything from oil and gas to telecommunications.

Persons: Anant Ambani, Mukesh Ambani, Radhika Merchant, Mark Zuckerberg, Bill Gates, Mukesh Ambani's Organizations: Reliance Industries, Tech, Forbes Locations: Mumbai, India

☆ Rihanna came out of retirement for the Ambani wedding concert and a hefty payday
▼ + stars: | 2024-03-02 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +3 min

Read previewIt's the concert we all wished we were at but sadly had to watch through grainy phone camera footage: Rihanna's one-night-only comeback. The show also included live renditions of the songs "We Found Love," "Stay," "Rude Boy," and "All Of The Lights," and ended with the whole Ambani family joining Rihanna onstage. Rihanna received a payday somewhere between $5 and $9 million, according to estimatesThere's been rampant speculation on how much Rihanna was paid for her performance. AdvertisementMukesh Ambani, the Chairman of Reliance Industries, Isha Piramal, Rihanna, Shloka Mehta Ambani, Akash Ambani, and Radhika Merchant react on the stage during pre-wedding celebrations of Anant and Radhika. The Ambani family reportedly spent over $100 million on the pre-wedding ceremony of daughter Isha Ambani and her now-husband, Anand Piramal, according to The Guardian.

Persons: —, Anant Ambani, Mukesh Ambani, Radhika Merchant, Mark Zuckerberg, Ivanka Trump, Rihanna, Anant, Radhika, Isha Piramal, Shloka Mehta Ambani, Akash Ambani, Ambani, Isha Ambani, Anand Piramal, Anant's, Beyoncé, Chris Martin, Shloka Mehta's, Adam Levine Organizations: Service, Business, NME, India Today, Daily Mail, Reliance Industries, Reuters, Fortune, Guardian Locations: Jamnagar, India, Switzerland

☆ Check out some of the best and most daring looks at Ambani's pre-wedding bash — from Rihanna to Mark Zuckerberg
▼ + stars: | 2024-03-02 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +1 min

The pre-wedding celebrations for Anant Ambani and Radhika Merchant kicked off on Friday. Anant is the son of billionaire Mukesh Ambani, chair of the Fortune 500 company Reliance Industries. The first night of the three-day festivities featured a cocktail party and a performance by Rihanna. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe pre-wedding party for Anant Ambani, the son of Indian billionaire Mukesh Ambani, officially kicked off on Friday.

Persons: Anant Ambani, Radhika Merchant, Anant, Mukesh Ambani, Rihanna, —, Ambani Organizations: Fortune, Reliance Industries, Service Locations: Gujarat, India, everland

☆ Ambani pre-wedding party guests arrived in jungle-themed attire to honor Anant Ambani's Vantara animal rescue center
▼ + stars: | 2024-03-02 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

Mukesh Ambani is hosting a pre-wedding bash for his son, Anant Ambani and fiancée Radhika Merchant. Guests of the grand affair donned jungle-themed attire in the name of Anant's animal rescue efforts. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Mukesh Ambani, the chair of Reliance Industries, is hosting a three-day celebration in honor of the upcoming wedding of his son, Anant Ambani, to Radhika Merchant, a healthcare heiress. Guests attending the celebration in Gujarat, India, wore jungle-themed attire to pay tribute to the younger Ambani's passion for his animal rescue center.

Persons: Mukesh Ambani, Anant Ambani, fiancée Radhika Merchant, Partygoers, —, Radhika Merchant Organizations: Service, Reliance Industries Locations: Gujarat, India

☆ Why Zuck, Ivanka Trump and the world's rich and famous are flocking to a lavish party in India
▼ + stars: | 2024-03-01 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Mark Zuckerberg, Bill Gates and other CEOs and celebs are at a wedding pre-party in India this weekend. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The centibillionaire's grip on domestic commerce makes him a powerful partner for Western companies trying to break into the Indian market. Vital growth frontierUS executives are eager to cozy up to Ambani and Reliance because they see dollar signs when they look at India.

Persons: Mark Zuckerberg, Bill Gates, Mukesh, —, Sundar Pichai, Ivanka Trump, Mukesh Ambani's, Ambani, Larry Page, Sergey Brin, Anant, Radhika Merchant, Mukesh Ambani, Nita, Prodip Guha, Tim Cook, Cook, Apple's, Ted Sarandos, Meta Organizations: Apple, Microsoft, Netflix, Service, Reliance Industries, Bloomberg, Qualcomm, Intel, Hindustan Times, Amazon, Indian Locations: India, China, New Delhi

☆ An Indian mega-party is attracting so many private jets that officials set up extra passport control for all the VIPs
▼ + stars: | 2024-03-01 | by ( Kieran Corcoran | ) www.businessinsider.com time to read: +2 min

Guests like Bill Gates, Mark Zuckerberg, and Ivanka Trump, led to a surge in private jets at the local airport. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . is underway in India, and the local airport is pulling out all the stops to cope. That kind of guestlist brings a long trail of private jets and the local airport in Jamnagar isn't built for it. It said around 50 of them were private jets coming from other countries, meaning passport control for their occupants.

Persons: India's Ambani, Bill Gates, Mark Zuckerberg, Ivanka Trump, —, Ambani, Anant, Radhika Merchant, Mukesh Ambani, Ajit Solanki, Sergei Brin, Mexico's Carlos Slim, It's, Larry Fink, Rihanna, Jamnagar isn't, Priscilla Chan, DK Singh Organizations: Service, Bloomberg, Reliance Industries, of, Immigration Locations: India, Jamnagar, Reliance Township, Indian, Gujarat, Davos, of India

☆ Meet the Ambanis, who live in a $1 billion skyscraper and mingle with royals and Bollywood stars
▼ + stars: | 2024-03-01 | by ( Katie Warren | Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Mukesh Ambani is worth $111 billion, according to the Bloomberg Billionaires Index. The Ambanis live in a 27-story skyscraper in Mumbai thought to have cost $1 billion to construct. The Ambanis made headlines in 2018 for throwing one of the most lavish wedding celebrations ever for Isha Ambani and Anand Piramal. This week the family is staging an extravagant 3-day pre-wedding celebration for Anant, Mukesh Ambani's youngest son. The Ambani family home in Mumbai is a 27-story skyscraper that cost an estimated $1 billion to build.

Persons: Mukesh Ambani, —, Anant, Isha Ambani, Anand Piramal, Priyanka Chopra, Nick Jonas, Hillary Clinton, Arianna Huffington, Mukesh Ambani's, Bill Gates, Mark Zuckerberg, Rihanna, Sundar Pichai, Jay Y, Lee, Ambani Organizations: Bloomberg, Reliance Industries, Service, Tech, Guardian, Reuters, Samsung Electronics, The Locations: Mumbai, India, Gujarat, The Times

☆ In a Land of Lavish Weddings, This Prenuptial Party Takes the Cake
▼ + stars: | 2024-03-01 | by ( Suhasini Raj | ) www.nytimes.com time to read: +1 min

When a member of one of India’s wealthiest families gets married, big-name guests and showstopping pomp and circumstance are nothing unusual. But it’s not every day that the invitees include royalty, business titans, Bollywood luminaries and Rihanna, for three days of a pre-wedding spectacular, months ahead of the actual ceremony. Mr. Ambani, 28, the younger son of Mukesh Ambani, will welcome the guests at a sprawling venue in the western Indian state of Gujarat, along with his fiancée, Radhika Merchant. Merchant, 29, comes from a family that owns health care businesses and is trained in Indian classical dance. The couple started the festivities earlier this week with a community feast: hosting thousands of people from neighboring villages and serving them Gujarati delicacies.

Persons: it’s, Rihanna, Anant Ambani, Ambani, Mukesh Ambani, Radhika Merchant, Merchant Organizations: Reliance Industries Locations: India, Gujarat

☆ Nita Ambani is now the most powerful woman in Indian media
▼ + stars: | 2024-02-29 | by ( Diksha Madhok | ) edition.cnn.com time to read: +5 min

New Delhi CNN —Just a few months ago, Nita Ambani stepped away from frontline business to focus on philanthropy. Now, the wife of Asia’s richest man is back with the biggest job in the ferociously competitive world of India media. Nita Ambani will not be steering the media giant alone. Nita Ambani first stepped into the business limelight 10 years ago, becoming the first woman director on the board of Reliance Industries. With her new job title, Nita Ambani has become the most powerful woman in Indian media and entertainment sector, which is worth over $25 billion and growing rapidly.

Persons: New Delhi CNN —, Nita Ambani, Mukesh Ambani, Uday Shankar, “, ”, Ambani’s, Nita Mukesh Ambani, Bikas Das, —, Isha, Anant, Akash —, Akash, ” Nita Ambani, National Stock Exchange —, EY, Mihir Shah Organizations: New, New Delhi CNN, Disney’s, Reliance Industries, Disney’s Asia, Disney, Reliance Foundation, Indian Premier League, IPL, Reliance, Music, International Olympic Committee, Metropolitan Museum of Art, National Stock Exchange, Media Partners, Netflix Locations: New Delhi, India, Mumbai, Disney India, New York, Viacom18

☆ Bill Gates and Mark Zuckerberg are among the CEOs and celebs set to attend a 3-day pre-wedding party being thrown by an Indian tycoon worth $113 billion
▼ + stars: | 2024-02-29 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Bill Gates and Mark Zuckerberg are among those set to attend the pre-wedding celebrations in March. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSome of the world's top business leaders are expected to attend the pre-wedding celebrations of Anant Ambani in India. Here's a look at some of the other business chiefs and celebrities rumored to be attending the celebrations.

Persons: Mukesh Ambani, Bill Gates, Mark Zuckerberg, —, Anant Ambani, Ambani, Radhika Merchant, Sundar Pichai, Jay Y, Lee, Rihanna, David Blaine Organizations: Service, Fortune, Reliance Industries, Guardian, Samsung Electronics, The, Reuters Locations: India, The Times

☆ Disney and Reliance Industries Announce Media Mega Deal in India
▼ + stars: | 2024-02-28 | by ( Alex Travelli | Sameer Yasir | ) www.nytimes.com time to read: +1 min

The Walt Disney Company had an India-sized twinkle in its eye as early as 1993, when it first came to the country of now 1.4 billion potential media consumers. Along with India’s market, Disney’s ambitions grew bigger. Last year EY, the accounting and consulting firm, estimated that India’s media landscape would be worth $100 billion by 2030. On Wednesday, Disney announced it would merge its Indian operations under those of Viacom18, a part of Reliance Industries, India’s biggest conglomerate. Reliance will fork over $1.4 billion to consolidate its control.

Organizations: Walt Disney Company, Disney, Reliance Industries, India’s, Reliance Locations: India

☆ Disney, Ambani’s Reliance create new India media giant with 750 million viewers
▼ + stars: | 2024-02-28 | by ( Diksha Madhok | Hanna Ziady | ) edition.cnn.com time to read: +3 min

New Delhi/London CNN —Disney is joining forces with Asia’s richest man to create a new media giant in India that says it will reach a domestic audience of more than 750 million people. Billionaire Mukesh Ambani’s Reliance Industries and Disney have combined their digital streaming platforms and 100 TV channels in the country in a joint venture worth about $8.5 billion, the companies said in a statement Wednesday. Disney (DIS) made a major push into the country in 2019, when it acquired most of 21st Century Fox, including its vast Star India network. “India is the world’s most populous market, and we are excited for the opportunities that this joint venture will provide to create long-term value for the company,” said Disney CEO Bob Iger. Disney salvaging its Indian dreamDisney has faced multiple challenges in India, which boasts a vibrant media and entertainment sector.

Persons: Mukesh, ”, Mukesh Ambani, Nita M, Ambani, Viacom18, Bob Iger, Mouse, Weeks, JioCinema, Iger, “, Mihir Shah Organizations: London CNN, Disney, Reliance Industries, Century Fox, Star, Reliance, Indian Premier League, Warner Bros ., HBO, CNN, Media Partners Locations: New Delhi, London, India, Star India, Viacom18

☆ India’s Zee Entertainment pops 10% on report that $10 billion merger with Sony is being revived
▼ + stars: | 2024-02-20 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Sony and Zee did not immediately respond to a CNBC request for comment. Shares of India's Zee Entertainment jumped more than 10% on Tuesday after a report that its $10 billion merger with Japanese tech giant Sony could be revived. Sony first proposed to combine its India entertainment business with Zee in December 2021. Last month, Zee sued Sony over the termination of the deal and urged the Japanese firm to revive the merger. The union of Zee and Sony's India subsidiary would have created a potential content and entertainment powerhouse in India.

Persons: Zee Organizations: Sony, Zee, CNBC, Economic Times, India's Zee Entertainment, Sony's, Disney, Reliance Industries Locations: Mumbai, Japan, India, Sony's India

☆ Analyst shares 3 reasons for downgrading Reliance Industries
▼ + stars: | 2024-01-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnalyst shares 3 reasons for downgrading Reliance IndustriesProbal Sen of ICICI Securities says any further upside to Reliance Industries' share price has already been priced into its valuation, despite the firm's strong Q3 earnings performance.

Persons: Probal Sen Organizations: Reliance, Probal, ICICI Securities, Reliance Industries

☆ How investors are playing emerging market opportunities in India and Japan
▼ + stars: | 2024-01-24 | by ( Anna Gleason | ) www.cnbc.com time to read: +2 min

Investors are increasingly looking to emerging market exchange-traded funds for growth at a reasonable price. David Mann, head of capital markets at Franklin Templeton, named India as one of the most popular countries with ETF investors in the past year. "[It] has been one of the emerging market standouts thus far, so India has been a great story." The firm's Franklin FTSE India ETF (FLIN) has risen 18.19% in the past year, as of Tuesday's close. As of Tuesday's close, the firm's Franklin FTSE Japan ETF (FLJP) gained 12.58% in the past year.

Persons: David Mann, Franklin Templeton, CNBC's, Mike Akins, Akins, Franklin Templeton's Mann, Action's Akins Organizations: Franklin, Franklin FTSE, Reliance Industries, HDFC Bank, Infosys, Toyota Motor, Sony Group, Mitsubishi UFJ Locations: India, Franklin, Franklin FTSE India, Japan, U.S, Franklin FTSE Japan

☆ India's Zee Entertainment urges Sony to restore blockbuster merger, sues over termination
▼ + stars: | 2024-01-24 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Indian entertainment conglomerate Zee Entertainment on Wednesday said it urged Sony to revive their blockbuster entertainment merger and has sued the Japanese tech giant over the deal's termination. Sony earlier this week called of the transaction with Zee Entertainment, which is reported to be worth $10 billion. In a filing, Zee said it denies that Sony is entitled to call off the merger agreement and that its claim for a termination fee is "legally untenable and has no basis whatsoever." A merger of Zee with Sony's India subsidiary, Culver Max Entertainment Pvt. Sony would have gained access to Zee's local content, giving it a bigger footing in the lucrative Indian entertainment market.

Persons: Zee, Culver Max, BEPL, Punit Goenka, Arjun Kharpal Organizations: Zee Entertainment, Sony, Zee Entertainment Enterprises, Sony's, CNBC Wednesday, Culver, MCA, Company, Singapore International Arbitration Center, Zee, Culver Max Entertainment, Ltd, Bangla Entertainment, Disney, Reliance Industries Locations: India, Zee, Singapore, Sony's India

☆ What’s next for Zee shares? Here’s what Wall Street analysts are saying after Sony merger was called off
▼ + stars: | 2024-01-23 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Shares of the Indian media house fell 34% on Tuesday, while investors shrugged off the impact on the $124 billion Japanese media and technology giant Sony. ZEEL-IN 1Y mountain What are analysts saying about Zee shares, moving forward? Citi sharply slashed its price target on Zee's stock from 340 Indian rupees to 180 Indian rupees. Zee has not stated whether it will pursue the merger while the litigation with Sony could hinder improvements in operations or explore a merger with other players," the analysts added. Similarly, Elara analysts added, "Possibility of any other strategic/financial partner buying majority stake in Zee could provide respite to valuation multiples."

Persons: Motilal Oswal, Zee, Motilal, Aliasgar Shakir, Karan Taurani, Pulkit Chawla, Emkay, Zee's, Punit Goenka, Chawla Organizations: Zee Entertainment, Sony, Zee, Citi, Wall, Reliance, Disney Star India, Motilal Oswal, Star, Disney, Netflix, Amazon Prime, Reliance Industries, Media, Elara, RIL, Zee Management, Quintillion Business Media, Bloomberg News, NDTV Locations: India, Zee

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