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Reliance Industries, Disney start antitrust diligence on media merger: Report

As per the report, Reliance has appointed law firm Khaitan & Co and Shardul Amarchand Mangaldas, while Disney has roped in AZB & Partners.

India , New-york , United-states , London , City-of , United-kingdom , Mumbai , Maharashtra , Walt-disney , Disney-hotstar , Bob-iger , Shardul-amarchand-mangaldas

Combined revenue of listed Tata group's firms tops Rs 10 trillion

Led by Tata Motors and Tata Consultancy Services (TCS), the combined revenue of the Tata group's listed firms crossed the Rs 10-trillion mark for the first time, in 2022-23.

The group's 14 key listed companies in which Tata Sons holds a direct equity stake reported a combined revenue of Rs 10.07 trillion in FY23, up 15.3 per cent from Rs 8.73 trillion in FY22.

The combined net profit of these companies was, however, down 10.6 per cent year-on-year (YoY) at Rs 66,670 crore in FY23, from a record high of Rs 74,540 crore in the previous financial year, when the profit had jumped 156 per cent YoY, aided by Tata Steel's strong showing.

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Astro has raised $60mln Series B funding

Astro has raised $60mln Series B funding

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Amazon embarks on massive expansion plans in India, eyes tie-ups

Amazon embarks on massive expansion plans in India, eyes tie-ups
REUTERS/Pascal Rossignol
April 12, 2021
Amazon.com Inc. is embarking on a massive India expansion plan, including a series of tie-ups with regional retail chains, to ensure that a legal setback in the case with Future Group does not upset its long-term plans for the country, two people familiar with the company’s plans said.
“Even if Amazon loses the Future case, it’s not fatal to Amazon by any means. The Future Group case is more about Amazon’s emphasis that contractual obligations do matter in India,” one of the two people said, adding that Amazon’s organic investment plans are much larger than these investments.

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Reliance Industries set to relaunch JioPhone next quarter

Updated Dec 23, 2020 | 11:21 IST
Relaunch of Jio's 4G feature phone will be followed up with the launch of its proposed entry-level smartphone, being developed in partnership with Google, later next year.
Representational image
New Delhi: Mukesh Ambani-controlled Reliance Industries will relaunch its popular 4G feature phone JioPhone next quarter in order to gain from the work-from-home (WFH) wave, the
Economic Times mentioned in a report. Despite the removal of lockdown, most companies have allowed their employees to work from home in a bid to avoid getting infected by the Covid-19 virus. Schools and collages are also conducting online classes which has led to increased demand for 4G-phones. Consumption of online entertainment contet has also increased due to WFH.

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