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Reliance Industries Limited (RELIANCE.BO)

2,915.10

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As of 10:47 AM GMT+5:30. Market Open.

RPT-Ambani's JioCinema cuts subscription prices as India's streaming war heats up

JioCinema, the streaming platform run by India's Reliance Industries, on Thursday cut prices of its premium offering to as low as 29 rupees ($0.3480) a month, heating up competition for Netflix and Amazon Prime. Reliance runs multiple TV channels and JioCinema streaming app through its media unit Viacom18 and has a sizeable hold over India's $28-billion media and entertainment market. An advertisement-free version would start at an introductory price of 29 rupees per month for streaming on a single device and go up to 89 rupees for a "Family" plan to stream on four simultaneous devices, JioCinema said in a statement.

Reuters yesterday

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Ambani's JioCinema cuts subscription prices as India's streaming war heats up

JioCinema, the streaming platform run by India's Reliance Industries, on Thursday cut prices of its premium offering to as low as 29 rupees ($0.3480) a month, heating up competition for Netflix and Amazon Prime. Reliance runs multiple TV channels and JioCinema streaming app through its media unit Viacom18 and has a sizeable hold over India's $28-billion media and entertainment market. An advertisement-free version would start at an introductory price of 29 rupees per month for streaming on a single device and go up to 89 rupees for a "Family" plan to stream on four simultaneous devices, JioCinema said in a statement.

Reuters yesterday

RELIANCE.NS
JSW, Amara Raja, Reliance submit bids to make batteries in India

Reliance Industries, JSW Neo Energy and Amara Raja Advanced Cell Technologies are among seven companies who have submitted bids to set up battery manufacturing gigafactory in India, the government said on Tuesday. The companies have submitted bids to set up units to manufacture advanced chemistry cells with a total capacity of 10GWh under the government's production-linked incentive scheme. The scheme for battery manufacturing has a maximum outlay of 36.20 billion rupees ($434.41 million), the government said.

Reuters 2 days ago

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Reliance Misses Profit Estimate on Weak Petrochem, Tax Outgo

(Bloomberg) -- Reliance Industries Ltd., led by billionaire Mukesh Ambani, posted a lower-than-expected quarterly profit as a continued weakness in its petrochemicals business and higher taxes offset growth in its consumer unit and a large surge in other income.Most Read from BloombergTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayRay Dalio’s Famous Trade Is Sputtering and Investors Are BailingStocks Climb as US Earnings Kick Into High Gear: Markets WrapRussians Transform Dubai as

Bloomberg 3 days ago

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Oil Sinks to Monthly Low as Waning War Risks Foster Uneasy Calm

(Bloomberg) -- Oil fell below $81 after some of the premium from conflict in the Middle East continue to fade from markets. Most Read from BloombergTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayTikTok to Remove Executive Tasked With Fending Off US ClaimsRay Dalio’s Famous Trade Is Sputtering and Investors Are BailingStocks Climb as US Earnings Kick Into High Gear: Markets WrapUS Dollar’s Extended Reign Delivers Stark Wake-Up Call for MarketsAn uneasy calm has descended on the mar

Bloomberg 3 days ago

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35 Countries with the Lowest Poverty Rate in the World

In this article, we take a look at 35 countries with the lowest poverty rate in the world. If you would like to skip our detailed analysis of poverty reduction, you can directly go to 10 Countries with the Lowest Poverty Rate in the World. Combatting Poverty – The Case of India Poverty is one […]

Insider Monkey 7 days ago

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+0.55%
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Murdoch Partner Helps Asia’s Richest Man Build a Media Empire

(Bloomberg) -- On a breezy April evening some 45,000 Indian Premier League cricket fans are packed into Wankhede Stadium to watch the hometown Mumbai Indians battle the Rajasthan Royals.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingWhat If Fed Rate Hikes Are Actually Sparking US Economic Boom?China Tells Iran Cooperation Will Last After Attack on IsraelPowell Signals Rate-Cut Delay After Run of Inflation SurprisesRed Lobster Considers Bankruptcy to Deal With

Bloomberg 9 days ago

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India’s Reliance Tries to Sell US Oil as Russian Flows Gain

(Bloomberg) -- Sign up for theIndia Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.Most Read from BloombergBeyond the Ivies: Surprise Winners in the List of Colleges With the Highest ROIChina Tells Iran Cooperation Will Last After Attack on IsraelUS Two-Year Yield Eyes 5% Before Powell’s Remarks: Markets WrapIMF Steps Up Its Warning to US Over Spending and Ballooning DebtIran’s Con

Bloomberg 9 days ago

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15 Countries with the Largest Budget Deficit as a Percent of GDP

In this article, we will look at the 15 countries with the largest budget deficit as a percentage of GDP. If you want to skip our detailed analysis, you can go directly to the 5 Countries with the Largest Budget Deficit as a Percentage of GDP. A budget deficit occurs when the government’s spending on […]

Insider Monkey 23 days ago

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BABA

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Top 20 Indian Entrepreneurs

In this article, we will talk about the top 20 Indian entrepreneurs. If you want to skip our detailed analysis, head straight to the Top 5 Indian Entrepreneurs. India’s Economic Outlook India is one of the fastest growing economies in the world. According to Deloitte, India is expected to grow between 6.9% and 7.2% through […]

Insider Monkey 27 days ago

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25 Richest Billionaires Who Inherited their Fortunes

In this article, we will look at the 25 richest billionaires who inherited their fortunes. If you want to skip our detailed analysis, you can go directly to the 5 Richest Billionaires Who Inherited their Fortunes. Billionaires Heirs on the Rise According to the UBS Billionaire Ambitions Report 2023, it has happened for the first time in […]

Insider Monkey 30 days ago

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Indian refiners buy more US crude as Russia sanctions tighten

More than 250,000 barrels per day of U.S. crude is set to arrive in India next month, the highest in more than a year, ship tracking data showed, amid tighter enforcement of sanctions on Russian crude. India, the world's third-biggest oil importer and consumer, is looking to diversify its oil supplies as fresh U.S. sanctions on Moscow threaten to dent Russian oil sales to India, the biggest buyer of Russian seaborne crude. About 7.6 million barrels of oil, or 256,000 barrels per day (bpd), were headed to India on three very large crude carriers and three Suezmax vessels, according to ship tracking firm Kpler.

Reuters last month

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25 Poorest Countries in Asia by GDP per Capita

In this article, we will be taking a look at the 25 poorest countries in Asia by GDP per capita. To skip our detailed analysis, you can go directly to see the 5 Poorest Countries in Asia by GDP Per Capita. Asia’s Economic Outlook The aftermath of the COVID-19 pandemic has impacted the Asia-Pacific region […]

Insider Monkey last month

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Exclusive-India's Reliance refusing Sovcomflot oil shipments after sanctions, sources say

India's Reliance Industries, operator of the world's biggest refining complex, will not buy Russian oil loaded on tankers operated by shipper Sovcomflot (SCF) after recent U.S. sanctions, according to two sources familiar with the matter. The development adds to oil export problems for Russia as its oil firms may face difficulties finding ships to sell surplus oil after recent Ukrainian drone attacks on the state's refineries. Russian companies are already struggling to collect payments for oil exports due to banking restrictions.

Reuters last month

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Paramount sells Viacom18 stake to Reliance Industries

Paramount Global (PARA) is selling its 13% stake in Indian broadcasting unit Viacom18 to Reliance Industries (RELIANCE.NS) Yahoo Finance Entertainment Reporter Alexandra Canal details the M&A outlook for Paramount and its place in the streaming space. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.

Yahoo Finance Video last month

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Paramount Global (PARA) to Sell Viacom18 Stake for $517M

Paramount Global (PARA) agrees to sell its 13% stake in Viacom18 to its partner, Reliance Industries, for $517 million.

Zacks last month

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India's Richest Man Buys Paramount's Entire Stake In His Broadcasting Unit Viacom18 For $570M

This story was first published on the Benzinga India portal. The value of Reliance Industries shares experienced an uptick on Thursday after the announcement of the company's decision to acquire Paramount Global's (NASDAQ: PARA) stake in Viacom18 Media for ₹4,286 crore (approximately $570 million), as per the filing with the exchange by Reliance. Mukesh Ambani's Reliance Industries' stake in Viacom18 will increase to 70.49% from the current 57.48% ownership via Compulsorily Convertible Preferenc

Benzinga last month

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Paramount Global Sells Stake in Viacom 18 Media to Reliance Industries

Paramount Global is selling its stake in Viacom 18 Media for $517 million to Reliance Industries shortly after the Indian companies announced a joint venture with Walt Disney’s Star India.

The Wall Street Journal last month

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India's Reliance to buy Paramount's stake in Viacom18

Viacom18 is majority-owned by Reliance and has 40 television channels, including Comedy Central, Nickelodeon and MTV. Paramount said it will continue to license its content to Viacom18 after the closing of the deal. It already streams its content through Reliance's JioCinema.

Reuters last month

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Top 25 Most Spoken Languages In The World 2024

In this article, we will look at the top 25 most-spoken languages in the world in 2024. If you want to skip our detailed analysis, you can go directly to the Top 5 Most Spoken Languages in the World in 2024. English, Mandarin Chinese, and Hindi stand out as the world’s most spoken languages, with […]

Insider Monkey last month

RELIANCE.NS

Performance Overview

Return	RELIANCE.BO	S&P BSE SENSEX
YTD	+12.78%	+2.67%
1-Year	+23.17%	+23.35%
3-Year	+54.08%	+54.92%

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Reliance Industries Limited (RELIANCE.BO)

RPT-Ambani's JioCinema cuts subscription prices as India's streaming war heats up

Ambani's JioCinema cuts subscription prices as India's streaming war heats up

JSW, Amara Raja, Reliance submit bids to make batteries in India

Reliance Misses Profit Estimate on Weak Petrochem, Tax Outgo

Oil Sinks to Monthly Low as Waning War Risks Foster Uneasy Calm

35 Countries with the Lowest Poverty Rate in the World

Murdoch Partner Helps Asia’s Richest Man Build a Media Empire

India’s Reliance Tries to Sell US Oil as Russian Flows Gain

15 Countries with the Largest Budget Deficit as a Percent of GDP

Top 20 Indian Entrepreneurs

25 Richest Billionaires Who Inherited their Fortunes

Indian refiners buy more US crude as Russia sanctions tighten

25 Poorest Countries in Asia by GDP per Capita

Exclusive-India's Reliance refusing Sovcomflot oil shipments after sanctions, sources say

Paramount sells Viacom18 stake to Reliance Industries

Paramount Global (PARA) to Sell Viacom18 Stake for $517M

India's Richest Man Buys Paramount's Entire Stake In His Broadcasting Unit Viacom18 For $570M

Paramount Global Sells Stake in Viacom 18 Media to Reliance Industries

India's Reliance to buy Paramount's stake in Viacom18

Top 25 Most Spoken Languages In The World 2024

Performance Overview