Since Air India went public with the government having almost a 50 percent stake in it, the airline has recorded many successes as well as failures.
Could the Central Government’s new Farm Bills further strengthen the Reliance monopoly, finally bringing agribusiness under its umbrella?
Over the last few weeks, Mukesh Ambani-led Reliance Retail has managed to attract big-ticket investments from global IT giants like Facebook and Google. It is speculated to be holding talks with Amazon and Walmart. The global IT giants’ big-ticket investments are made as Reliance is all set to capitalize on a huge un-penetrated retail market in India. Starting from Qualcomm and Intel to Google and Facebook, the Jio platform has maintained to be valued above Rs 4.5 lakh crore.
The lessons billionaire Mukesh Ambani learned the hard way about the need for prudent succession planning have led him to unusual steps to ensure the continuity of leadership at Reliance Industries Limited, India’s most prized corporate possession.
Mukesh Ambani is eyeing stakes in a host of Indian e-retailers to bolster Reliance’s retail offerings. A number of deals are in the works which, if successful, could help the company compete head-on in a fast-growing online retail market projected to be worth an estimated $170 billion by the end of the next decade.
As India’s largest telecom operator, Jio’s entry into the 5G market was a given. Ambani even told visiting US President Trump in February that Jio would soon launch a 5G network that was completely free of Chinese components. No one could have guessed what was on his mind back then.
With the Reliance Industries flagship JIO Mart already having an $8 Billion backing from Facebook and Vista Equity while a further $4 Billion in talks with Google topped by a $1 Billion investment in India by Amazon makes this investment crucial for the survival of Flipkart.
The viewership of OTT platforms has recently skyrocketed as almost the entire world went into lockdown. The pandemic has brought a paradigm shift into how we watch. With the movie theatres closed, viewers across all the age groups are thronging to web platforms that were earlier believed to be a place for only youngsters.
India has recently become the fifth most affected country with more than a quarter of a million cases and almost 7500 deaths. The pandemic hit came along with an economic crisis. However, the response from India Inc in fighting the COVID-19 pandemic has been laudable.
For Facebook’s Mark Zuckerberg, chaos is a time of opportunity. In India, the Silicon Valley billionaire has 400 million strong markets that his company has sadly failed to monetize. Facebook’s investment of $5.7 billion in Reliance Jio Platforms is Zuckerberg’s biggest investment since acquiring WhatsApp.