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Read previewAnant Ambani — the son of Asia's richest man, Mukesh Ambani — married Radhika Merchant over the weekend. of the wedding, as I like to say," Merchant told Vogue in an exclusive interview. Nita Ambani oversaw the planning of the wedding festivities alongside her daughter, Isha Ambani, and her daughter-in-law, Shloka Ambani, Merchant said. A multi-day Indian celebrity wedding can require around 500 staff, wedding planners previously told Business Insider. The wedding festivities sparked some controversy over the weekend due to disruptions caused by traffic diversions and road closures.
Persons: , Anant Ambani, Mukesh Ambani —, Radhika Merchant, Nita Ambani, Merchant, Isha Ambani, Shloka Ambani, Mark Zuckerberg, Bill Gates, Anant, She's, Mama, Ambani's, Justin Bieber, Rihanna, Bharat Jagasia Organizations: Service, Vogue, Business Locations: Mumbai, Delhi
The wedding was followed by a blessing ceremony on Saturday, where Prime Minister Narendra Modi bestowed the young couple and their families with well wishes. No expense was spared by the family that owns India’s largest private corporation, Reliance Industries. Kim and Khloé Kardashian are seen leaving their hotel on their way to a wedding event on Saturday. Anant Ambani and Radhika Merchant at their wedding ceremony on Friday. An event as huge in scale as the Ambani-Merchant celebration would emit far more carbon than even the largest and most lavish Indian wedding, he added.
Persons: CNN —, Anant Ambani, Radhika Merchant, Kim, Khloé Kardashian, Narendra Modi, Mangal Utsav ”, Anant’s, Mukesh, The Ambani, Abu Jani Sandeep Khosla, Ambani, Sabyasachi Mukherjee, Merchant, Jayasri Burman, Rhea Kapoor, Anamika Khanna, Shah Rukh Khan, Savita Chhibber, Gauri Khan, Suhana Khan, Prodip Guha, Preston Bailey, Serena Williams, LeBron James, Bailey, Ambani’s, , Akash, Isha, Manish Malhotra, India ”, Justin Bieber, , Shamita Yadav, Sushant Singh, Adar Poonawalla, Natasha Poonawalla, Punit Paranjpe, Ashwin Malwade, Mark Zuckerberg, Ivanka Trump, Bill Gates, Karlie, Rihanna Organizations: CNN, British, Reliance Industries, Forbes, Convention, Gabbana’s, , Centre for Policy Research, Mr, Chhatrapati Shivaji International Locations: Mumbai, Varanasi, India, Indian, Jamnagar, AFP, Chhatrapati
Unlike the main wedding festivities over the weekend, this event was "just for close family and friends," she said. AdvertisementMukesh Ambani, the Chairman of Reliance Industries, Isha Piramal, Anand Piramal, Nita Ambani, Anant Ambani, Rihanna, Radhika Merchant, Shloka Mehta Ambani and Akash Ambani stand on the stage. Decorations around the Ambani family's residence in Mumbai, India, ahead of the wedding of Anant Ambani on July 12. Priyanka Chopra Jonas and Nick Jonas attend the Ambani wedding on Friday. Kim Kardashian and Khloe Kardashian were among a number of high-profile guests at the Ambani wedding in Mumbai.
Persons: , Anant Ambani, Radhika Merchant's, Merchant's, I'm, Nita Mukesh Ambani, Mukesh Ambani, Isha Piramal, Anand Piramal, Nita Ambani, Rihanna, Radhika Merchant, Shloka Mehta Ambani, Akash Ambani, Justin Bieber, You'll, They're, Ambani, Bhushan Koyande, Celebrities, Preston Bailey, Anant, Priyanka Chopra Jonas, Nick Jonas, Francis Mascarenhas, everyone's, Kim Kardashian, Khloe Kardashian, Kardashian, Narendra Modi, Luis Fonsi, John Cena, PUNIT PARANJPE, didn't, Law Roach Organizations: Service, Business, sangeet, Reliance Industries, Reuters, Staff, Hindustan Times, Getty Images Merchant, Vogue, Hollywood, Food, India's Locations: Mumbai, India, Bombay
Attendees dressed the part, streaming past photographers in custom sarees, lehengas and kurtas at an event that may set forthcoming trends in Indian wedding fashion. A lavish affairThe Ambani family has remained tight-lipped about proceedings in the build-up to Friday’s wedding, though rumors about the guest list and the identity of star performers have swirled in recent weeks. The celebrated couturier produced bespoke outfits for various members of the Ambani family throughout the month-long wedding celebrations. Sujit Jaiswal/AFP/Getty ImagesIt is not known precisely how much money the Ambani family has spent on the pair’s wedding celebrations. The weekend schedule concludes seven months of build-up to what has been described India’s wedding of year.
Persons: Anant Ambani, Radhika Merchant, Kim, Khloé Kardashian, Nick Jonas, Priyanka Chopra, Tony Blair, Rajinikanth, Sanjay Dutt, Ram Nath Kovind, Anant’s, Mukesh, John Cena, Francis Mascarenhas, Law Roach, Cherie Blair, Nick Jonas sparkled, sequins, Jonas, Prabal Gurung, Khloé, Nita Ambani, “ reimagine, Abu Jani Sandeep Khosla, Vijay Kumar, Monika Maurya, Ambani, Manish Malhotra, , Justin Bieber, haldi, Viren, Shaila Merchant, Anat Ambani, Mukesh Ambani, Nita, Sujit Jaiswal, Devanshi Zaveri, Jenica Kothari, It’s, , , Mark Zuckerberg, Bill Gates, Ivanka Trump, Rihanna, Pitbull, Isha, Anand Piramal Organizations: CNN, British, team, Reliance Industries, Forbes, Reuters Former British, Reuters International, New York Fashion, Brown University, Reliance, Encore Healthcare, Backstreet Boys, Beyoncé Locations: Mumbai, Varanasi, India’s Uttar Pradesh, AFP, , Antilia, Europe
But a wedding that spans seven months is an outlier — even in the extravagant world of big Indian weddings. January: The engagement partyActor Ranveer Singh and his wife actor Deepika Padukone attend the engagement ceremony in January. Ahead of the party, the Ambani family also hosted a communal dinner for more than 50,000 villagers outside Jamnagar. July 2-5: Mass wedding and musical nightBrides and grooms perform rituals during a mass wedding ceremony for underprivileged couples hosted by Anant Ambani's parents, Nita and Mukesh. The Ambani family residence Antilia, which will host some of the weekend's festivities, has been extravagantly decorated ahead of the ceremony.
Persons: Anant Ambani, Mukesh Ambani, Forbes, Radhika Merchant, Rihanna, Justin Bieber, you’ve, Ranveer Singh, Deepika Padukone, NIHARIKA KULKARNI, REUTERS Merchant, Aishwarya Rai Bachchan, Salman Khan, Ram Charan, Shah Rukh Khan, Aamir Khan, Reuters Don’t, Mark Zuckerberg, Bill Gates, Ivanka Trump, Jared Kushner, Ambani, Pitbull, David Guetta, Katy Perry, Andrea Bocelli, Anant Ambani's, Nita, Mukesh, Divyakant Solanki, Shutterstock, Nita Mukesh Ambani, Anant’s, Anamika Khanna, Sandeep Khosla, Adele, Drake, Lana Del Rey, Punit Paranjpe, “ Ashirwad, Mangal Utsav Organizations: CNN, REUTERS, Reliance Industries, Reuters, Tech, Backstreet Boys, des, Convention, Getty Locations: Rajasthan, Jamnagar, Gujarat, Sicilian, Palermo, Rome, Cannes, Portofino, , Palghar, Mumbai, , AFP, Antilia
Anant Ambani and Radhika Merchant held their sangeet, a pre-wedding celebration, on Friday. The event featured a star-studded guest list and a performance by Justin Bieber. The couple's wedding ceremony is from July 12 to July 14 in Mumbai, India. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The couple's upcoming nuptials hit social media in March when videos and photos surfaced of lavish pre-wedding festivities hosted by the Ambani family.
Persons: Anant Ambani, Radhika Merchant, Justin Bieber, , Ambani, Mukesh Ambani, Nita Ambani Organizations: Service, Reliance Industries, Reliance Foundation, Business Locations: Mumbai, India
Sujit Jaiswal/AFP/Getty ImagesThe Indian wedding industry has boomed since the country emerged from the pandemic. “And this is irrespective of the economic classes.”At about $15,000, the average Indian wedding costs more than three times the average annual household income. Indian weddings are often spread across several days, with an average guest list of 326, compared with 115 in the United States, according to The Knot Worldwide. Rihanna, couture and emeraldsThe average luxury Indian wedding can cost anywhere between $200,000 and $400,000, according to Jefferies. No luxury Indian wedding is complete without lavish meals, which at times involves flying in Michelin star chefs and the finest of ingredients from across the world.
Persons: Anant Ambani, Mukesh Ambani, Radhika Merchant, Mukesh Ambani’s, Tim Chi, Nita, Anant, Sujit Jaiswal, it’s, Jefferies, ” Jefferies, Nasir Kachroo, , Sima Taparia, Aditya Motwane, Priyanka Chopra, Nick Jonas, , you’ve, Ambani’s, Mark Zuckerberg, Bill Gates, Rihanna, Motwane, , Stringer, Knight Frank, Tina Tharwani, Nita Ambani, Olivier Polet, Tharwani, Virat, Vanessa Almeida, Almeida, videographers, Katy Perry, Andrea Bocelli, Rafiq Maqbool, Narendra Modi, ” Modi Organizations: New, New Delhi CNN, Silicon, CNN, Getty, Netflix, Motwane Entertainment, Shaadi, Michelin, Backstreet Boys Locations: New Delhi, Radhika Merchant . India, India, Mumbai, AFP, South Asia, Jammu, Kashmir, United States, Indian, Jamnagar, Monte Carlo, Jodhpur, Rajasthan, Florence, Indian Italian, Tuscany, Goa, Italian, Genoa
Extravagant pre-wedding celebrations have already sent Indian media into a frenzy and social media feeds are abuzz over what’s to come. Anant Ambani and Radhika Merchant at their pre-wedding celebrations in Jamnagar, Gujarat, India on March 1, 2024. The Ambani pre-wedding celebrations had elaborate floral arrangements. Actor Ranveer Singh and his wife and actor Deepika Padukone pose for a photo during the pre-wedding celebrations earlier this year. Coordinating with Merchant, Ambani also wore a custom black suit designed by Wun, encrusted with jewels.
Persons: Anant Ambani, Radhika Merchant, Mark Zuckerberg, Bill Gates, partygoers, Katy Perry, Andrea Bocelli, Mukesh, Nita Ambani –, Reuters Ambani, Mukesh Ambani, Ambani, Anant, Viren Merchant, Nita, Manish Malhotra, , Merchant, , Radhika, Mangal Utsav, Vishnu, Nita Ambani, Manish Malhotra Malhotra, Ranveer Singh, Deepika Padukone, Malhotra, Sabyasachi Mukherjee, Tarun Tahiliani, lehenga, Manish Malhotra Ambani’s, Rohit Bal, Lorraine Schwartz, Versace, Blake Lively, Robert Wun, ” Mareesha, Salman Khan, Ram Charan, Shah Rukh Khan, Aamir Khan, Narendra Modi, ” Parikh, Vanessa Almeida, Jamnagar Organizations: CNN, Backstreet Boys, Convention, Reliance Industries, Reuters, Bloomberg, Brown University, Reliance, pharma, Viren, Encore Healthcare, New York University, Vogue, sangeet, Sangeet, Merchant, All India Traders Locations: what’s, Jamnagar, Europe, Mumbai, Gujarat, India, Jamnagar ., Bharatnatyam, Agra, Uttar Pradesh, Hong Kong, Goa
Bollywood actor Shah Rukh Khan, along with his family, leaves a polling booth after casting his ballot in Mumbai on May 20, 2024. Sujit Jaiswal/AFP/Getty ImagesThe “King of Bollywood” Shah Rukh Khan was seen leaving a Mumbai polling booth with his family – wife Gauri, daughter Suhana, and sons Aryan and Abram. Bollywood actors Ranveer Singh and Deepika Padukone arrive to cast their ballots at a polling station in Mumbai on May 20, 2024. Residents queue to cast their vote on May 20, 2024 in Mumbai, India. Voters wait to cast their vote in Chandivali, Mumbai, on May 20, 2024.
Persons: Narendra Modi, Shah Rukh Khan, Sujit Jaiswal, ” Shah Rukh Khan, Gauri, Suhana, Aryan, Abram, Amitabh Bachchan, ” Khan, “ Let’s, Deepika Padukone, Ranveer Singh, Mukesh Ambani, Nita, Akash, Akshay Kumar, , Aishwarya Rai Bachchan, Stringer, Shiv Sena —, Satish Bate, Sachin Chaudhary Organizations: CNN, Getty, Bharatiya Janata Party, BJP, Indian National Congress, Hindustan Times, Getty Images Locations: Mumbai, Maharashtra, India’s, AFP, Andheri, , India, Mumbai’s, West Bengal, Getty Images Mumbai, New York, Chandivali
CNN —Besting 111 of her fellow titleholders from across the globe, Krystyna Pyszková of the Czech Republic was crowned Miss World 2024 on Saturday in Mumbai, India, where the international pageant was held this year. Krystyna Pyszková, the newly-crowned Miss World, models during the "Best Designer Award" contest at the 71st Miss World pageant preliminaries on March 2. Chopra Jonas appeared at the pageant in a video message, paying tribute to both Miss World owner Julia Morley and Nita Ambani, winner of the pageant’s Humanitarian Award. Pyszková replaces the outgoing Miss World, Karolina Bielawska, of Poland, whose reign dates back to March 2022. (Due to scheduling issues, no Miss World pageant was held in 2023.)
Persons: Krystyna Pyszková, Francis Mascarenhas, Aché Abrahams, Lesego, Jessica Gagen, , Aishwarya Rai Bachchan, Priyanka Chopra Jonas, Chopra Jonas, Julia Morley, Nita Ambani, Pyszková, Karolina Bielawska Organizations: CNN, Miss, 71st Miss Locations: Czech Republic, Mumbai, India, Africa, Americas, Caribbean, Asia, Oceania, Europe, Lebanon, Trinidad and Tobago, Botswana, England, United Kingdom, Poland
But critics say it showed a telling disregard for the struggles of the many millions of Indians living in poverty. Spanning three days, the pre-nuptial event included a private performance by Rihanna, which estimates suggest cost up to $9 million. AdvertisementTripathi pointed out that 800 million of India's 1.4 billion population receive monthly food rations of wheat or rice. Sohini Kar, an associate professor at the London School of Economics, whose work focuses on urban India, told BI she agrees. Anant Ambani and Radhika Merchant serve traditional Gujarati food to villagers ahead of their pre-wedding celebrations on the outskirts of Jamnagar, India.
Persons: , Anant Ambani, Asia's, Radhika Merchant, Rihanna, Nita Ambani, Shyam Bihari, WaterAid, Haldia, Rakhi Tripathi, Tripathi, Sohini Kar, Kar, St Louis Fed, Mukesh Ambani, Ratan Tata, Nita, Stringer Organizations: Service, Business, Bank, New, of Management, London School of Economics, BI, Oxfam International, St, Bloomberg, Architectural Digest, Reliance Foundation, Reuters Locations: India, Delhi, Asia, Mumbai, Jamnagar, Gujarat
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
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
Anant Ambani says his mother worked for 18 hours a day for 4 months to organize his pre-wedding bash. During the festivities, Anant thanked his family in a speech that left his father Mukesh Ambani in tears. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAnant Ambani says his mother, Nita Ambani, worked for 18 hours a day in the four months leading up to his pre-wedding bash, which drew A-listers from all over the globe. "She's worked for I think, 18, 19 hours a day, and I'm extremely grateful to Mama.
Persons: Anant Ambani, Anant, Mukesh Ambani, Rihanna, , Nita Ambani, She's, Mama Organizations: Service, Business Locations: Gujarat, India
AdvertisementNovember 2016: Holland and Zendaya appear in their first-ever joint cover, for The Hollywood ReporterZendaya and Tom Holland in June 2017. March 2021: Holland describes Zendaya as 'very sensible and humble'Zendaya and Tom Holland in June 2017. November 17, 2021: Holland and Zendaya comment on their relationship going publicZendaya and Tom Holland in "Spider-Man: No Way Home." February 18, 2022: Tom Holland denies reports that he bought a new house in London with ZendayaTom Holland in February 2022. I visited a lot while they were shooting it and I really, really enjoyed it.
Persons: , Tom Holland, Zendaya, they've, Sony Pictures Entertainment Holland, Peter Parker, Holland, didn't, I've, He's, Con Tom Holland, Albert L, Ortega, Laura Harrier, Liz, Tony Revolori, Flash Thompson, Jacob Batalon, Ned Leeds, ove, hank y, hank, ove y 'all!, hanks, eing, hy, H, ada, ike, huck, Tom Hol, le tag ove, g the, Hol, MJ', ake, hal l, taki, as h, Rob K, ate fame, abou, ..ha, lea, Kev, edd, Josh Flor, birt, rie, stor, Ric, aske, Tom H, ed then, hal, ong, winn, Q, iva, riva, ory, oba, Fran, and S, Jacob, him ", nic, Eric C, y, 2022:, enda y, Kelly, siti, ted, Hunter, Marc, Marin, inger, his ap, Rajan, Ze, kee, enjoy,, "I wa, stu, shou, olly, ing each o, I love, It's, Elvin R odrig, bert Downey Jr. an, Harry, l ove, bec, Room,", enda, fini Organizations: Service, Sony, Business, Sony Pictures Entertainment, Marvel, America, Hollywood, San Diego Comic, Con, San Diego Convention Center, ust, pla, imi, ucc, MTV, ppr, a pl, Norton, rac, eas, CP, ACP, Fr, rit, acc, klan, ely Locations: Holland, Zendaya, ife, uman, pla, Hol, " he, sens, nsw, pula, India, Italy
Mark Zuckerberg and his wife Priscilla are attending the lavish Ambani pre-wedding party in India. The Meta CEO appears to be in full vacation mode after being pictured with a floral garland. The event for Anant Ambani and Radhika Merchant is due to feature a performance by Rihanna. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . He appears to be in full vacation mode after flying in with his wife for the Ambani family's extravagant three-day affair.
Persons: Mark Zuckerberg, Priscilla, Ambani, Anant Ambani, Radhika Merchant, Rihanna, , Mukesh Ambani, Anant, He's, Viren Merchant, Isha Ambani, Anand Piramal, Priyanka Chopra, Nick Jonas, Hillary Clinton, Arianna Huffington, Mukesh, Nita, Bill Gates, Ivanka Trump, Zuckerberg, he'd, Larry Fink, Murray Auchincloss, Sundar Pichai, Jay Y, Lee, Rihanna hasn't, Abu Organizations: Service, Encore Healthcare, The, Samsung Electronics, Reuters, India Today, Prix Locations: India, Gujarat, The Times
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
Disney announced Wednesday that the companies will be merging their respective Star India and Viacom18 units into a newly created Star India joint venture, valued at roughly $8.5 billion on a post-money basis, excluding synergies. The merger is expected to have more than 750 million viewers in the rapidly growing Indian market. Cricket feverDisney acquired Indian streaming service Hotstar and Star TV channels in 2019 and had exclusive streaming rights to cricket's lucrative Indian Premier League (IPL), which it had turned into a paid service by 2020. Disney lost 4.6 million customers for its streaming service, Disney+ Hotstar, in India during the first three months of last year. "I think I said six months ago that they're [Disney] going to see profitability in streaming by the end of 2024.
Persons: Pavlo Gonchar, Walt Disney, Mukesh Ambani, Nita Ambani, Ambani, Jamie Lumley, Lumley, Jason Ware, CNBC's Organizations: Disney, Getty, Walt, Reliance, Star India, Cricket, Star, Indian Premier League, IPL, Indian Premier League cricket, CNBC, Albion Financial Locations: India
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
Entertainment titan Walt Disney and Indian conglomerate Reliance will merge their Indian businesses, the U.S. entertainment giant announced Wednesday. The companies will be combining their respective Star India and Viacom18 units into the newly-created Star India joint venture, valued at roughly $ 8.5 billion on a post-money basis, excluding synergies. Following the completion of the transaction, Reliance, led by Asia's richest man Mukesh Ambani, will control the JV and inject $1.4 billion into its growth strategy. The ownership structure will comprise of a 16.38% interest for Reliance, 46.82% for Ambani's Viacom18 and 36.84% for Disney. Ambani's wife, Nita Ambani will chair the joint venture, while Viacom18 board member Uday Shankar will serve as vice chairperson.
Persons: Walt Disney, Mukesh Ambani, Ambani's, Nita Ambani, Uday Shankar Organizations: Reliance, Star India, Asia's, JV, Disney Locations: U.S
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
Labourers work beside the Olympic signage at the entrance of a venue ahead of the upcoming 141st International Olympic Committee (IOC) session in Mumbai on OCtober 11, 2023. In October, Prime Minister Narendra Modi announced that India plans to host the 2036 Games, reportedly saying it's the country's "age-old dream." Indonesia, Mexico, Turkey and Poland have also expressed their interest to host the Games in 2036. Reliance Industries, the country's largest private sector company, entered into a partnership with the Indian Olympic Association (IOA) last year. In 2011, after the games concluded, the chairman of the of the Commonwealth Games organizing committee, Suresh Kalmadi, was arrested for corruption and financial malpractice.
Persons: Indranil MUKHERJEE, INDRANIL MUKHERJEE, Indranil Mukherjee, Narendra Modi, Nita Mukesh Ambani, CNBC's Tanvir Gill, Ambani, Thomas Bach, Suresh Kalmadi, David Carter, Carter Organizations: 141st International Olympic Committee, AFP, Getty, Afp, India, Business, Reliance Foundation, Reliance Industries, Indian Olympic Association, Olympic Games, CNBC TV18, Olympic, Commonwealth Games, Guardian, BBC, Cricket, University of Southern, CNBC Locations: Mumbai, India, Indonesia, Mexico, Turkey, Poland, Delhi, University of Southern California
A Golden Treat for Diwali
  + stars: | 2023-11-02 | by ( Christina Morales | More About Christina Morales | ) www.nytimes.com   time to read: +1 min
In the past decade, Ms. Mehta said, Indians have integrated some global ingredients into their traditional cooking for Diwali. In the United States, many Indian Americans make Diwali catering orders through Facebook or WhatsApp. Urja Shukla Bhatt, of Warminster, Pa., has been taking catering orders for snacks and dinner since at least August. Her mother-in-law, Daksha Bhatt, helps make the snacks, but Urja Shukla Bhatt cooks the Indian dishes for dinner. The pair is expecting to make at least 20 items, including hundreds of samosas and more than 20 pounds of chakri.
Persons: Bharadwaj, they’re, Nita Mehta, Mehta, Urja Shukla Bhatt, Daksha Bhatt, chakri, Bhatt Organizations: Facebook Locations: United States, Warminster, Pa
After overtaking China to become the world's most populous nation, India could also leapfrog its neighbor to also become the world's second-largest economy by 2075. Nita Ambani founder, Reliance FoundationA slew of deals came out from their meeting, with much focus placed on improving defense and technology partnerships between the two countries. Among the A-list attendees at the White House state dinner was Ambani and her husband, Mukesh Ambani — Asia's wealthiest man. "Indians are conquering the world. You can see that, you can feel that in the room … I get goosebumps even thinking about it now."
Persons: Peter Adams, Nita Ambani, CNBC's Tanvir Gill, Ambani, Narendra Modi, Joe Biden, Mukesh Ambani — Organizations: China, Stone, Getty, Reliance Foundation, CNBC, India's, Reliance Industries, Reliance, White House Locations: India
The world's confidence in India is growing, Nita Ambani says
  + stars: | 2023-10-27 | 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 EmailThe world's confidence in India is growing, Nita Ambani saysNita Ambani, founder and chairperson of Reliance Foundation, explains why she's "extremely optimistic" about India.
Persons: Nita Ambani Organizations: Reliance Foundation Locations: India
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