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Earlier this month, Reuters reported that Reliance is close to merging its India media business with Disney with a 51%-54% stake. The deal values the U.S. giant's Indian operations at $3.5 billion.
Mukesh Ambani-owned Reliance Industries is reportedly in talks for a stake in Tata Play from the Walt Disney Company. If talks go through, it will be first time Tata group and Reliance have partnered in a joint venture.
NewSpace India Limited: NSIL today owns and operates 11 communication satellites in orbit that are meeting the communication needs of India, he said, adding that NSIL is offering commercial services through three high-throughput satellites owned by ISRO.
NewSpace India Limited: "NSIL is realising GSAT-20 satellite through ISRO and will be launched onboard Falcon-9 under a launch service contract between NSIL and SpaceX, USA. GSAT-20, weighing 4,700 kg, offers HTS capacity of nearly 48Gpbs. The satellite has been specifically designed to meet the demanding service needs of remote/unconnected regions," the statement read.
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