Reliance Industries’s Jio Platforms has partnered with GPU giant Nvidia to work on building a large language model that is trained on India’s diverse languages, the two firms said Friday, as the largest Indian corporate firm expands into th…
Jio Financial Services, the financial services unit of Mukesh Ambani-run Indian conglomerate Reliance Industries, plans to expand to merchant lending and insurance, Ambani said at Reliance’s annual general meeting in a speech that is likely to have a repercussions for countless startups. “JFS will massively increase financial services penetration by transforming and modernising them with…
Mukesh Ambani will lead Reliance Industries for five more years and groom and mentor his children for “challenges and opportunities for the future,” as the firm appoints Isha, Akash and Anant as directors of the board, officially kickstarting the succession planning at the $200 billion empire that operates India’s largest telecom operator, streaming service and…
The world’s largest asset manager is re-entering India — and it’s doing so in a partnership with India’s richest man. Jio Financial Services and BlackRock said Wednesday they have agreed to form a joint venture, called Jio BlackRock, as the Indian conglomerate Reliance’s finance unit begins the lucrative asset management play in the South Asian…
Disney, the global entertainment conglomerate operating a variety of streaming platforms, suffered a 2% contraction in its total subscriber base for the quarter ending March this year. The decline is largely attributed to one specific streaming service: Hotstar. The Disney+ Hotstar platform, catering to viewers in India and Southeast Asia, lost 4.6 million subscribers during…
Warner Bros. Discovery has partnered with Mukesh Ambani-backed Viacom18 to bring HBO and other movies and shows from the WB catalog to India in a major win for the Reliance joint venture’s service that is aggressively winning mindshare from rivals including Disney’s Hotstar, Netflix and Amazon Prime Video. HBO Original, Max Original, and a selection…
James Murdoch’s venture fund Bodhi Tree slashed its planned investment into Viacom18 to $528 million, down 70% from the committed $1.78 billion, the two said late Thursday as the global weakening economy hammers investors’ appetite. Viacom18, a joint venture between Mukesh Ambani’s Reliance and Paramount Global, did not say why Bodhi Tree slashed its pledged…
Mukesh Ambani’s Jio, the South Asian telecom powerhouse, has long sought to entice its customer base with a plethora of services aimed at boosting subscriber retention. Despite amassing over 425 million customers and claiming the mantle of India’s top network provider—due in large part to its aggressively competitive data pricing—Jio’s array of additional services has…
Reliance Retail, India’s largest retail chain, will start accepting retail payments in digital rupee in a move that could supercharge the adoption of the country’s recently launched CBDC. The Mukesh Ambani-led firm said it has partnered with ICICI Bank, Kotak Mahindra Bank and fintech Innoviti Technologies to launch the in-store support for digital rupee. Customers…
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